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TumbuhBersamaDANAMON
TRANSFORMING
AND INNOVATING
FOR THE FUTURE
2023 ANNUAL REPORT
PT BANK DANAMON INDONESIA TBK
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TumbuhBersamaDANAMON TRANSFORMING AND INNOVATING FOR THE FUTURE THEME DESCRIPTION Serving as a caring and enabling force for millions of customers, employees, and society at large, Danamon has been instrumental in empowering our stakeholders to grow and prosper. As Danamon celebrate its 67th anniversary, Danamon remains strong in its commitment to #tumbuhbersama. Throughout the year, we have therefore continued to transform and innovate in order to provide the holistic financial products, services, and solutions for individuals and businesses across Indonesia, to create value and enabling our customers, employees, and the broader community to advance. These efforts reflect our belief that the ultimate key to Danamon’s success is to enable the long-term well-being of the people we serve. So that we can grow and prosper together, today, and tomorrow. PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 2 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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CONTINUITY OF
THEMES 2022
#BersamaBersinergi
DELIVERING COMPREHENSIVE
FINANCIAL SOLUTIONS
Synergy is an ideal form of collaboration, in which every involved party gains benefit from the
collaboration. The phrase Bersama Bersinergi was chosen as Danamon Annual Report’s theme for
2022, because Danamon aims to create an ecosystem where every stakeholder can grow, not only
Danamon itself, but also customers and collaboration partners.
With the goal of becoming the bank of choice, the synergies formed between Danamon, Adira
Finance and MUFG are built to create comprehensive financial solutions for every type of
customers. Danamon is optimizing the comprehensive financial solution by utilizing its hybrid
network of partner ecosystems in various industry sectors, including the automotive and real
estate ecosystems.
In 2022, Danamon’s strategy focuses in developing sustainable partnerships. On one hand,
business collaboration with MUFG and digital partnerships are being utilized to expand the market
reach. While at the same time, Danamon also focuses on collaborative efforts with Danamon
employees and various elements of the community such as the digitalization, carbon emission
reduction programs, and supports to community welfare.
With #BersamaBersinergi, Danamon consistently presents comprehensive financial solutions
that are innovative and relevant to evolving customer needs and preferences, both individual and
corporate customers in Indonesia, in every economic segment and customer’s stage of life.
2021
ENABLING CUSTOMERS THROUGH
CONTINUOUS INNOVATIONS AND
COLLABORATIONS
Danamon’s success in navigating the pandemic throughout 2021 is the implementation of
appropriate business strategy supported by collaborative and innovative culture as well as strong
and sustainable support from MUFG as our controlling shareholder. The pandemic period that
we faced in the previous year encouraged Danamon to innovate and accelerate digital banking
and financial services for conventional, sharia banking and its subsidiaries. D-Bank PRO, Waqaf
and Adiraku digital banking and financial services developed with features based on the customer
needs are able to leverage business opportunities while creating more interactions with customers
and prospective customers in all business segments. As a result, we were able to achieve a
solid performance in the time of pandemic by always prioritizing excellent customer service,
implementing best practices of corporate governance while maintaining a harmony between
economic, social and environmental aspects.
2020
ADAPTING TO NEW NORMAL WITH
CONSISTENT CUSTOMER FOCUS
The COVID-19 pandemic affected every aspect of the economy and life. Companies across
all sectors and of all sizes were impacted. Throughout this period, Danamon has shown the
resilience to withstand these challenges. Our people have demonstrated that they are flexible
and responsive and have continued to serve our customers and maintain their trust. We want to
highlight this in the annual report.
The pandemic has also driven migration of products and services to digital and Danamon has
been nimble enough to respond. We realize that investments in digital and human capital are
the foundations for sustainable long-term growth. These aspects are also reflected in this annual
report.
Finally, we want to emphasize that rising up to these challenges is a community effort. We do not
operate in isolation. Therefore, an important part of the journey towards the new normal is to
strengthen our engagement with stakeholders and with the communities we serve. When we help
the community to prosper, we will also benefit from it.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 1
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TRANSFORMING AND INNOVATING OUR
SATU KENDALI E-BANKING
APPLICATION FROM DANAMON
Flexible Access Safe & Under Control Various Promos
Account Opening & Loan application
Transfer, Remittance & Payment
(76 billers)
Cardless Cash Withdrawal
Wealth Management
(Primary Bonds &
Insurance)
Multicurrency Account
& FX Online (Live Rate)
Debit & Credit Card
Management
BRANCHES ACROSS
18 CITIES HAVE BEEN
TRANSFORMED
High Touch Engagement
2 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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CHANNELS
INTERNET BANKING FOR
HANDLING YOUR BUSINESS
Ease of various business transaction with Danamon Cash Connect:
Financial Supply Chain
Invoice Management
Mass/Bulk Payment,
Intra & Interbank
Transfer any time and
in real time via
BI FAST
Virtual Account
Management
Single & Multi Tax
Payment, as well as
other Bills Payment
Easy Foreign Currency
Transfer with
Competitive Rate & Fee
Omni Channel Gateway to Advisory
Experience & Community
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 3
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TABLE OF 94
96
Independent Parties Profile
Employee Demographic
CONTENTS
98 Shareholders Composition
100 Majority & Controlling Shareholders
101 Share Listing Chronology
102 Timeline of Other Securities Listings
ifc Theme Description
104 Corporate Group Structure
1 Continuity of Themes
106 Public Accountant & Public Accountant Firm
2 Transformation and Innovation Highlights
106 Capital Markets Supporting Institutions &
4 Table of Contents
Professionals
107 Award and Certification
111 Information of Corporate Website
FINANCIAL HIGHLIGHTS
8 2023 Consolidated Financial Highlights MANAGEMENT
10 Financial Highlights
DISCUSSION & ANALYSIS
13 Sharia Highlights
16 Shares Highlights 114 Macroeconomic Review
18 Information about Bonds 115 Banking Industry Overview
19 Credit Ratings 117 Strategic Review
20 Important Events 118 Business Prospects
120 Business Segment Operational Review
121 Enterprise Banking
MANAGEMENT REPORT 122 Treasury & Capital Market
124 Transaction Banking
26 Report from the Board of Commissioners 126 Small and Medium Enterprise Banking
32 Board of Commissioners 128 Consumer Banking
34 Report from the Board of Directors 130 Group Marketing
44 Board of Directors 135 Sharia Banking
46 Report from the Sharia Supervisory Board 138 PT Adira Dinamika Multi Finance, Tbk.
47 Sharia Supervisory Board 142 Organization Structure of Adira Finance
48 Declaration of Responsibility for Annual Report 144 Financial Review
COMPANY PROFILE OPERATIONAL
REVIEW
54 Danamon at A Glance
165 Risk Management
55 Corporate Identity
322 Human Capital Management
56 Core Business
326 Information Technology
58 Milestones
62 Vision and Mission 330 Operations
64 Corporate Values
65 Corporate Logo
66 Operational Areas
68 Organizational Structure
76 Board of Commissioners Profile
82 Board of Directors Profile
91 Sharia Supervisory Board Profile
4 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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463 Anti-Bribery and Anti-Corruption Policy
CORPORATE 464 Anti-Fraud Policy
GOVERNANCE 464 Internal Fraud
465 Whistleblowing System
335 Corporate Governance 467 Implementation of GCG Guidelines for Public
338 Policies, Organs, and Governance Companies
Implementation 471 Integrated Governance
341 Danamon’s Governance Implementation In 2023: 472 Report of Integrated Governance Implementation
Focus and Achievements 480 Integrated Compliance Work Unit
342 Assessment of the Implementation of 481 Integrated Internal Audit Working Unit
Danamon’s Governance in 2023 482 Implementation of Integrated Risk Management
344 External Assesments 483 Self-Assessment of the Implementation of
344 Awards for the Implementation of Governance Integrated Governance in 2023
344 Danamon’s Governance Implementation Report 485 Implementation of the ASEAN Corporate
345 General Meeting of Shareholders Governance Scorecard
354 Board of Commissioners 494 Sharia Business Unit (UUS)
366 Committees Under the Board of Commissioners 495 Sharia Business Unit (UUS) Governance
390 The Board of Directors
406 Committees Under the Board of Directors
421 Affiliated Relationships and Affiliated CORPORATE DATA
Transactions for The Board of Directors, Board of
Commissioners and Major Shareholders
513 Products and Services
422 Corporate Secretary
526 Senior Executive Officers & Executive Officers
425 Bank Compliance Function
530 Branches Offices & Sharia Branches
433 Anti-Money Laundering (AML), Counter the
Financing of Terrorism (CFT), and Counter-
Proliferation Financing of Weapons of Mass
Destruction (CPF) Program Implementation FINANCIAL STATEMENTS
437 Internal Audit Working Unit
442 Corporate Accountant/External Auditor
545 Financial Statements
444 Risk Management
445 Provision of Funds to Related Parties and Large
Exposures
446 Internal Control System
447 Legal Issues and Material Cases Faces by the
Company, its Subsidiaries, Members of the Board
of Directors and/or Commissioners
448 Legal Cases Against Danamon
449 Transparency of Bank’s Financial and
Non-Financial Condition
450 Remuneration Policy
455 Bank’s Shares Buy Back and Bond Buy Back
455 Transactions with Conflicts of Interest
455 Bank’s Strategic Plan
456 Information Access
456 Investor Relations
457 Corporate Communications
458 Service Excellence & Customer Care
461 Corporate Culture
462 Code of Conduct
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 5
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Page 9
FINANCIAL
HIGHLIGHTS
8 2023 Consolidated Financial Highlights
10 Financial Highlights
13 Sharia Highlights
16 Shares Highlights
18 Information about Bonds
19 Credit Ratings
20 Important Events
Page 10
FINANCIAL
HIGHLIGHTS
2023 CONSOLIDATED
FINANCIAL HIGHLIGHTS
6
Sustainable NPAT
% growth
NPAT grew 6% YoY to Rp3.5 trillion.
19 %
Reach Record
High in Loan
Total loans grew 19% YoY to Rp172.9
trillion, supported by growth in all line
of business.
8 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
2.2
%
Well maintained
asset quality
DISCUSSION & ANALYSIS
MANAGEMENT
Gross NPL recorded at 2.2% in 2023,
improved compared to previous year
at 2.6%.
265.9 OPERATIONAL REVIEW
%
High NPL
coverage ratio
GOVERNANCE
CORPORATE
NPL coverage ratio
reached 265.9% from
230.8% in previous year.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 9
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FINANCIAL
HIGHLIGHTS
FINANCIAL
HIGHLIGHTS
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in Rp billion)
Description 2023 2022 2021*
Assets 221,305 197,730 192,207
Securities - gross 3,615 2,964 5,534
Government Bonds 16,318 18,786 30,338
Loans – gross a)
172,919 144,900 127,708
Investments in shares 467 82 82
Deposits from customers & other banks b) 141,444 127,355 123,354
Total Funding c) 156,484 137,189 134,405
Total liabilities 171,345 150,251 147,010
Total equity 49,959 47,478 45,197
Number of Shares Issued and Fully Paid (in unit) 9,773,552,870 9,773,552,870 9,773,552,870
* as restated
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
(in Rp billion)
Description 2023 2022 2021*
Net Interest Income 15,216 14,120 13,747
Other operating income – net 4,260 3,930 3,992
Other operating expenses 14,695 13,459 15,324
Net operating income 4,782 4,591 2,415
Non-operating income - net (88) (187) (134)
Income before tax expense 4,694 4,405 2,281
Income Tax expense 1,036 975 613
Net income 3,658 3,430 1,668
Income after tax expense 3,658 3,430 1,668
Net profit attributable to equity holders of the Parent entity 3,504 3,302 1,571
Net profit attributable to non-controlling interests 154 128 97
Comprehensive Income attributable to equity holders of the Parent 3,549 2,746 1,759
entity
Comprehensive Income attributable to Non-controlling interests 150 134 115
Basic income per share (full amount) 359 338 161
* as restated
10 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
OTHER COMPREHENSIVE INCOME
(in Rp billion)
Description 2023 2022 2021*
Actuarial (Loss)/Gain on Post-Employment Benefit (126) 1 271
Available for Sale Financial Assets:
1. Changes in fair value in Current Year 188 (564) (16)
2. Amount Transferred to Profit or Loss in Respect of Fair Value (16) (201) 82
Change
COMPANY PROFILE
Changes in Fair Value of Cashflow Hedge 3 74 200
Income Tax Related to Other Comprehensive Income (39) 152 (65)
Total Comprehensive Income 3,698 2,880 1,874
* as restated
FINANCIAL RATIOS
DISCUSSION & ANALYSIS
Key Financial Ratios (%) 2023 2022 2021*
MANAGEMENT
Capital
Capital Adequacy Ratio (CAR) 27.5 26.3 26.8
Tier 1 ratio 26.5 25.5 25.9
Tier 2 ratio 1.0 0.9 0.9
Asset to Equity (x) 4.4 4.2 4.3
Earning Assets
Non-Performing Earning Assets and Non-Productive Assets to Total 1.3 1.4 1.5
OPERATIONAL REVIEW
Earnings and Non Productive Assets
assets to total earning assets and total non-earning assets
Non-Performing Earning Assets to Total productive Assets 1.2 1.3 1.4
Non-Performing Loans (NPL) to Total Loans - Gross 2.2 2.6 2.7
Non-Performing Loans (NPL) to Total Loans - Nett 0.3 0.2 0.4
Allowance for Impairment Losses for Financial Assets to Productive 4.6 4.6 4.3
Assets
Loan Loss Coverage 265.9 230.8 225.6
Rentability
Return On Average Assets (ROAA) Before Tax 2.3 2.3 1.2
GOVERNANCE
Return On Average Assets (ROAA) After Tax 1.7 1.7 0.8
CORPORATE
Return On Average Equity (ROAE) 8.3 8.3 4.1
Debt to Assets 0.8 0.8 0.8
Debt to Equity 3.4 3.2 3.3
Net Interest Margin (NIM) 7.7 7.7 7.5
Cost to Income 51.6 50.1 47.7
Operating expense to operating income (BOPO) 75.7 72.9 86.6
Cost of Funds 3.5 2.4 3.0
Liquidity
CORPORATE DATA
Loan to Deposit ratio (LDR) 96.6 91.0 84.6
Ratio 52.3 63.9 59.1
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 11
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FINANCIAL
HIGHLIGHTS
FINANCIAL RATIOS
Key Financial Ratios (%) 2023 2022 2021*
Compliance
1. a. Percentage of Violation of Legal Lending Limit
a.1. Related Parties - - -
a.2. Third Parties - - -
b. Percentage of Excess of Legal Lending Limit
b.1. Related Parties - - -
b.2. Third Parties - - -
2. Statutory Reserve Requirement d)
a. GWM Primary IDR
I. Daily 0.0 0.0 0.5
ii. Average 7.1 7.9 3.0
b. GWM Foreign Currency (Daily) 2.0 2.0 2.0
3. Net Open Position 0.9 1.4 0.8
Others
Total Employees e) 25,995 26,184 25,866
Total Branches e) 863 879 864
Total ATMs & CDMs 1,255 1,408 1,471
* as restated
The figures are derived from consolidated financial statements 2021, 2022 and 2023 which have been audited by Public Accounting Firm Imleda & Partners (a member
of the Deloitte Touche Tohmatsu Limited network of firms)
Note:
a). Including loans, receivables from consumer financing and lease receivable from Adira Finance.
b). Including customers deposit and deposit from other banks.
c). Including deposit, bonds, and borrowings.
d). In line with PBI No. 22/3/PBI/2020 and PADG No. 22/10/PADG/2020 about Minimum Reserve Requirement in Rupiah and Foreign Currency for Convention Commercial
Banks (BUK), Sharia Commercial Banks (BUS) and Sharia Business Units (UUS).
e). Including Adira Finance
12 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
SHARIA
HIGHLIGHTS
MANAGEMENT REPORT
(in Rp million)
Net Revenue Sharing
Funds Owner Share
Average
Revenue Sharing
Balance Total Profit
Types of Funds Raiser Ratio (%) Rate of Return (%)
Sharing
A B C D E=(D/A x 100%) x 12
1. Liabilities to Other Banks - - - - -
COMPANY PROFILE
2. Mudharabah Current Account
a. Bank 215,705 1,837 10 184 1.02
b. Non Bank 1,026,517 8,742 18 1,603 1.87
3. Mudharabah Savings Account
a. Bank 216,246 1,842 13 239 1.33
b. Non Bank 991,085 8,440 8 656 0.79
4. Mudharabah Time Deposits
DISCUSSION & ANALYSIS
a. Bank
- 1 Month 43,156 368 25 92 2.56
MANAGEMENT
- 3 Months 56,992 485 25 121 2.55
- 6 Months 2,564 22 25 5 2.34
- 12 Months 46,385 395 25 99 2.56
b. Non Bank
- 1 Month 1,366,566 11,638 25 2,909 2.55
- 3 Months 1,516,264 12,913 25 3,228 2.55
OPERATIONAL REVIEW
- 6 Months 461,750 3,932 25 983 2.55
- 12 Months 975,717 8,310 25 2,077 2.55
5. Received Financing - - - - -
Total 6,918,947 58,924
(in Rp million)
Received
Average Balance
Revenues
Types of Funds Disbursement
A B
GOVERNANCE
CORPORATE
1. Placement with Other Banks - -
2. Murabahah Receivables
a. Bank - -
b. Non Bank 7,886,175 55,457
3. Istishna Receivables
a. Bank - -
b. Non Bank - -
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 13
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FINANCIAL
HIGHLIGHTS
(in Rp million)
Received
Average Balance
Revenues
Types of Funds Disbursement
A B
4. Multi Service Receivables
a. Bank - -
b. Non Bank - -
5. Pawn Financing
a. Bank - -
b. Non Bank - -
6. Mudharabah Financing
a. Bank 100,499 563
b. Non Bank 1,521,549 7,475
7. Musyarakah Financing
a. Bank - -
b. Non Bank 2,611,011 10,425
8. Lease Financing
a. Bank - -
b. Non Bank 584,790 (31,785)
9. Other Financing
a. Bank - -
b. Non Bank 767 -
Total 12,704,791 42,135
STATEMENT OF SOURCES AND DISBURSEMENT OF ZAKAT AND WAQF FUNDS
(in Rp million)
31 DEC 23
No DESCRIPTION 31 DEC 22 31 DEC 21
A. Source and Disbursement of Zakat Funds
1. Zakat Funds Derived from:
a. Internal Sharia Business Unit (UUS) - - -
b. External Sharia Business Unit (UUS) 682 1,133 1,830
Total Acquisition 682 1,133 1,830
2. Disbursement of zakat funds to zakat administrator entities
a. Amil Zakat Institutions 489 2,406 1,134
b. Amil Zakat Agency 1 1 -
Total Disbursement 490 2,407 1,134
B. Source and Disbursement of Waqf Funds
1. Acquisition of waqf funds deriving from:
a. Internal Sharia Business Unit (UUS) -
b. External Sharia Business Unit (UUS) 9,036 15,191 4,250
14 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in Rp million)
31 DEC 23
No DESCRIPTION 31 DEC 22 31 DEC 21
Total Acquisition 9,036 15,191 4,250
2. Disbursement of waqf funds to waqf administrator entities
MANAGEMENT REPORT
a. Indonesia Waqf Agency 733 1,045 303
b. Other Nadzir1) Yayasan Pesantren 3,788 5,112 800
c. Other Nadzir DD Republika Wakaf
2)
2,274 8,274 586
d. Other Nadzir DD Yayasan Darut Tauhid
2)
600 - -
d. Others 3)
413 - -
Total Disbursement 7,808 14,431 1,689
Description:
1) To state the name of Institution or parties as nadzir, where UUS disbursed at least 5% (five percent) from total disbursement of waqf funds
2) If there is more than 1 (one) and the most 20 (twenty) nadzir, where the UUS disbursed at least 5% (five percent), to state the name of
Institutions or said parties.
COMPANY PROFILE
3) All nadzir where UUS disbursed less than 5% (five percent) from total disbursement of waqf funds.
STATEMENT OF SOURCES AND USAGE OF BENEVOLENCE FUNDS
(in Rp million)
No DESCRIPTION 31 DEC 23 31 DEC 22 31 DEC 21
1. Beginning Balance of Benevolence Funds 2,072 1,560 1,551
2. Acquisition of Benevolence Fund
DISCUSSION & ANALYSIS
a. Infaq & Alms 90 314 113
b. Repayment of Productive Benevolence Funds - - -
MANAGEMENT
c. Fines 863 759 3,622
d. Non-Halal Acquisition - - -
e. Others - - -
Total Acquisition 953 1,073 3,735
3. Usage of Benevolence Funds
a. Productive Benevolence Funds - - -
OPERATIONAL REVIEW
b. Donations 1,882 561 3,726
c. Other Usage for Common Interests - - -
Total Usage 1,882 561 3,726
4. Increase (Decrease) of Benevolence Funds Source (929) 512 9
5. Ending Balance of Benevolence Funds 1,143 2,072 1,560
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 15
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FINANCIAL
HIGHLIGHTS
SHARES
HIGHLIGHTS
2023
Share Price (Rp) Market
Highest Lowest Closing Average Capitalization
(Rp Million)
First Quarter 2,970 2,510 2,700 2,749 26,388,592
Second Quarter 2,960 2,740 2,820 2,813 27,561,419
Third Quarter 3,280 2,830 2,860 3,007 27,952,361
Fourth Quarter 2,870 2,630 2,780 2,751 27,170,476
SHARE PRICE MOVEMENT CHART
CHART OF TRADING VOLUME AND CLOSING PRICE OF SHARES THROUGHOUT 2023
Volume
(Shares)
Share Price (Rp)
3,500
16,000,000
3,000 14,000,000
12,000,000
2,500
10,000,000
2,000
8,000,000
1,500
6,000,000
1,000
4,000,000
500
2,000,000
0 0
Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23
Share Price (Rp) Volume (Shares)
16 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
2022
Share Price (Rp) Market
Highest Lowest Closing Average Capitalization
(Rp Million)
First Quarter 2,470 2,280 2,440 2,372 23,847,469
Second Quarter 2,620 2,310 2,350 2,405 22,967,849
Third Quarter 2,790 2,320 2,540 2,570 24,824,824
Fourth Quarter 3,790 2,590 2,730 2,994 26,681,799
COMPANY PROFILE
SHARE PRICE MOVEMENT CHART
CHART OF TRADING VOLUME AND CLOSING PRICE OF SHARES THROUGHOUT 2022
Share Price (Rp) Volume
(Shares)
4,000
40,000,000
3,500 35,000,000
DISCUSSION & ANALYSIS
3,000 30,000,000
MANAGEMENT
2,500 25,000,000
2,000 20,000,000
1,500 15,000,000
1,000 10,000,000
500 5,000,000
OPERATIONAL REVIEW
0 0
Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22
Share Price (Rp) Volume (Shares)
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 17
Page 20
FINANCIAL
HIGHLIGHTS
INFORMATION ABOUT
BONDS
For the period ended on 31 December 2023, Danamon did not conduct listing of bonds, sukuk or conventible
bonds, and other secuirities. Therefore, the Company did not present any information regarding the total number
of outstanding bonds, sukuk or conventible bonds, interest rate/yield, maturity date, or bond ratings.
Corporate bonds that had been issued and not yet matured as of 31 December 2023 are as follows:
Effective Amount Interest
Debt Securities Notification Letter Number (in million Rp) Trustee Payment
Date Schedule
Adira Finance Continuing Bonds III June 2015 No. S-279/D.04/2015 2,014,000 PT Bank Negara Quarterly
Phase V Year 2017 (Continuing Bonds Indonesia (Persero) Tbk.
III Phase V)
Adira Finance Continuing Bonds III June 2015 No. S-279/D.04/2015 769,000 PT Bank Negara Quarterly
Phase VI Year 2017 (Continuing Bonds Indonesia (Persero) Tbk.
III Phase VI)
Adira Finance Continuing Bonds IV December 2017 No. S-458/D.04/2017 1,300,000 PT Bank Negara Quarterly
Phase I Year 2017 (Continuing Bonds Indonesia (Persero) Tbk.
IV Phase I)
Adira Finance Continuing Bonds IV December 2017 No. S-458/D.04/2017 1,630,000 PT Bank Negara Quarterly
Phase II Year 2018 (Continuing Bonds Indonesia (Persero) Tbk.
IV Phase II)
Adira Finance Continuing Bonds IV December 2017 No. S-458/D.04/2017 2,260,000 PT Bank Negara Quarterly
Phase III Year 2018 (Continuing Bonds Indonesia (Persero) Tbk.
IV Phase III)
Adira Finance Continuing Bonds IV December 2017 No. S-458/D.04/2017 618,000 PT Bank Negara Quarterly
Phase IV Year 2018 (Continuing Bonds Indonesia (Persero) Tbk.
IV Phase IV)
Adira Finance Continuing Bonds IV December 2017 No. S-458/D.04/2017 2,000,000 PT Bank Negara Quarterly
Phase V Year 2019 (Continuing Bonds Indonesia (Persero) Tbk.
IV Phase V)
Adira Finance Continuing Bonds IV December 2017 No. S-458/D.04/2017 1,192,000 PT Bank Negara Quarterly
Phase VI Year 2019 (Continuing Bonds Indonesia (Persero) Tbk.
IV Phase VI)
Adira Finance Continuing Bonds V June 2020 No. S-182/D.04/2020 1,300,000 PT Bank Negara Quarterly
Phase I Year 2020 (Continuing Bonds Indonesia (Persero) Tbk.
V Phase I)
Adira Finance Continuing Bonds V June 2020 No. S-182/D.04/2020 1,300,000 PT Bank Negara Quarterly
Phase II Year 2021 (Continuing Bonds Indonesia (Persero) Tbk.
V Phase II)
Adira Finance Continuing Bonds V June 2020 No. S-182/D.04/2020 1,700,000 PT Bank Negara Quarterly
Phase III Year 2022 (Continuing Bonds Indonesia (Persero) Tbk.
V Phase III)
Adira Finance Continuing Bonds VI Juni 2023 No. S-164/D.04/2023 1,700,000 PT Bank Negara Quarterly
Phase I Year 2023 (Continuing Bonds Indonesia (Persero) Tbk.
VI Phase I)
Adira Finance Continuing Bonds VI June 2023 No. S-164/D.04/2023 1,250,000 PT Bank Negara Quarterly
Phase II Year 2023 (Continuing Bonds Indonesia (Persero) Tbk.
VI Phase II)
Adira Finance Continuing Sukuk June 2015 No. S-279/D.04/2015 386,000 PT Bank Negara Quarterly
Mudharabah II Phase III Year 2017 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah II
Phase III)
Adira Finance Continuing Sukuk December 2017 No. S-458/D.04/2017 200,000 PT Bank Negara Quarterly
Mudharabah III Phase I Tahun 2017 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah III
Phase I)
18 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 21
HIGHLIGHTS
FINANCIAL
Effective Amount Interest
Debt Securities Notification Letter Number (in million Rp) Trustee Payment
Date Schedule
Adira Finance Continuing Sukuk December 2017 No. S-458/D.04/2017 490,000 PT Bank Negara Quarterly
Mudharabah III Phase II Tahun 2018 Indonesia (Persero) Tbk.
MANAGEMENT REPORT
(Continuing Sukuk Mudharabah III
Phase II)
Adira Finance Continuing Sukuk December 2017 No. S-458/D.04/2017 214,000 PT Bank Negara Quarterly
Mudharabah III Phase III Tahun 2018 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah III
Phase III)
Adira Finance Continuing Sukuk December 2017 No. S-458/D.04/2017 96,000 PT Bank Negara Quarterly
Mudharabah III Phase IV Tahun 2019 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah III
Phase IV)
Adira Finance Continuing Sukuk June 2020 No. S-182/D.04/2020 200,000 PT Bank Negara Quarterly
Mudharabah IV Phase I Year 2020 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah IV
Phase I)
COMPANY PROFILE
Adira Finance Continuing Sukuk June 2020 No. S-182/D.04/2020 200,000 PT Bank Negara Quarterly
Mudharabah IV Phase II Year 2021 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah IV
Phase II)
Adira Finance Continuing Sukuk June 2020 No. S-182/D.04/2020 300,000 PT Bank Negara Quarterly
Mudharabah IV Phase III Year 2022 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah IV
Phase III)
Adira Finance Continuing Sukuk June 2023 No. S-164/D.04/2023 300,000 PT Bank Negara Quarterly
Mudharabah V Phase I Year 2023 Indonesia (Persero) Tbk.
(Continuing Sukuk Mudharabah V
Phase I)
DISCUSSION & ANALYSIS
Adira Finance Continuing Sukuk June 2023 No. S-164/D.04/2023 300,000 PT Bank Negara Quarterly
Mudharabah V Phase II Year 2023 Indonesia (Persero) Tbk.
MANAGEMENT
(Continuing Sukuk Mudharabah V
Phase II)
CREDIT
RATINGS
OPERATIONAL REVIEW
Pefindo Outlook Stable
May 2023
Corporate Rating idAAA
Fitch Rating Outlook Stable
July 2023
LT Issuer Default Rating BBB
ST Issuer Default Rating F2
National Long Term AAA (idn)
National Short Term F1+(idn)
GOVERNANCE
CORPORATE
Shareholder Support Rating bbb
Viabillity Rating bb
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 19
Page 22
FINANCIAL
HIGHLIGHTS
IMPORTANT EVENTS
BUSINESS COLLABORATION AND PARTNERSHIP
Corporate Development – Garuda Automotive Ecosystem
Fund Official Partner of International Indonesia
Fund Placement in Garuda Fund, a venture Motor Show (IIMS) 2023, in collaboration with
fund to support Indonesian fintechs. Adira Finance and support from MUFG.
31 January 2023 Jakarta, 16 – 26 February 2023 and
Surabaya, 31 May – 4 June 2023
Collaboration with MUFG and Corporate Development –
Partner Banks Mandala Finance
Business and Investment Matching Fair 2023. Adira Finance entered into a conditional
agreement to the acquisition of PT Mandala
Multifinance Tbk.
22-24 and 27 February 2023 23 June 2023
Danamon 67th Anniversary Adira Finance 33rd Anniversary
D-Expo, the Travel, Lifestyle, F&B, Real Estate and Adira Festival in 5 cities across Indonesia.
Automotive Expo, in Central Park Mall, Jakarta.
20 – 23 July 2023 August – December 2023
20 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 23
HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
Digital Partnership - Bareksa Corporate Development – Home
Integration Direct Debit feature with Bareksa Credit Indonesia
Apps. Adira Finance finalized the acquisition of
PT Home Credit Indonesia.
27 September 2023 2 October 2023
DISCUSSION & ANALYSIS
MANAGEMENT
Digital Partnership - KlikDokter Collaboration with MUFG and
OPERATIONAL REVIEW
Collaboration between the D-Bank PRO Apps Partner Banks
and the KlikDokter Apps. Business Matching Fair with F&B Industry.
31 October 2023 7 December 2023
Corporate Development - Standard
Chartered Bank Indonesia
GOVERNANCE
CORPORATE
Finalized the acquisition of conventional retail loan
portfolio from Standard Chartered Bank Indonesia.
8 December 2023
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 21
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FINANCIAL
HIGHLIGHTS
CUSTOMER ENGAGEMENT
Chinese New Year Celebration Danamon Wealth Series
Customer Dinner Event in 4 cities across Indonesia. “How High Can We Go”
January – February 2023 10 May 2023
Danamon Privilege Danamon Wealth Series
Privilege Night with Danamon Hadiah Beruntun. “Turning Challenges into Opportunities”
22 August 2023 28 September 2023
Danamon Optimal Danamon Privilege Connect
Main Sponsorship for Bridestory Market 2023. Privilege Community Event.
5-8 October 2023 October – December 2023
22 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 25
HIGHLIGHTS
FINANCIAL
SUSTAINABILITY
MANAGEMENT REPORT
Sustainable Social Loan – PT Pegadaian
Pioneering the Rp1 Trillion deal in collaboration with
PT Pegadaian.
18 January 2023
COMPANY PROFILE
Reforestation and Habitat
Restoration
Planting 32,000 mangrove trees at 4 locations across
Indonesia.
DISCUSSION & ANALYSIS
February – December 2023
MANAGEMENT
Financial Literacy for All
OPERATIONAL REVIEW
Danamon Peduli Program in collaboration with Sunyi
Academy Foundation.
30 October – 17 November 2023
GOVERNANCE
CORPORATE
Sharia Social Financing –
PT Permodalan Nasional Madani
In collaboration with MUFG, signed first agreement
with PT Permodalan Nasional Madani amounting to
Rp500 Billion.
12 December 2023
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 23
Page 26
Page 27
MANAGEMENT
REPORT
26 Report from the Board of Commissioners
32 Board of Commissioners
34 Report from the Board of Directors
44 Board of Directors
46 Report from the Sharia Supervisory Board
47 Sharia Supervisory Board
48 Declaration of Responsibility for Annual Report
Page 28
MANAGEMENT
REPORT
REPORT FROM
THE BOARD OF COMMISSIONERS
Yasushi Itagaki
President Commissioner
26 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
The spirit of Tumbuh Bersama, the theme for this year’s
MANAGEMENT REPORT
annual report, encapsulates Danamon’s customer-centric
approach and belief that the way to sustainable growth is to
grow together with our stakeholders. This philosophy, which
has sustained Danamon and guided the Bank throughout its
67 years in Indonesia, is more relevant than ever in today’s
fast-moving and interconnected society.
COMPANY PROFILE
Dear Valued Shareholders and Stakeholders, In October 2023, Bank Indonesia finally increased the
DISCUSSION & ANALYSIS
benchmark BI 7-Day Reverse Repo Rate (BI7DRR) by
Amidst a complex and dynamic economic landscape, 25 basis points (bps) to 6.00% in order to stabilize
MANAGEMENT
in 2023 Danamon successfully executed its strategy the rupiah and as a pre-emptive and forward-looking
together with MUFG and Adira Finance, attaining record measures to mitigate the imported inflation. The
highs once again in loan and funding. This year, we BI7DRR level was then maintained until the end of the
welcomed additional members to the MUFG group in year.
Indonesia and implemented several strategic initiatives,
such as venture capital fund placement and portfolio As a result, the growth rate of the Indonesian economy
acquisition to accelerate growth as well as widen our moderated slightly in 2023 to 5.0% Year-on-Year (YoY)
OPERATIONAL REVIEW
prospect for collaboration. from 5.3% YoY last year but still managed to perform well
above the global average. The Purchasing Managers’
The spirit of Tumbuh Bersama, the theme for this year’s Index (PMI), an indicator that reflects the confidence
annual report, encapsulates Danamon’s customer- level of the manufacturing sector and influences the
centric approach and belief that the way to sustainable stock market as well as the foreign exchange market,
growth is to grow together with our stakeholders. showed that industry was consistently in an expansion
This philosophy, which has sustained Danamon and phase. At the same time, due to a drop in commodity
guided the Bank throughout its 67 years in Indonesia, prices, Indonesia’s current account returned to
is more relevant than ever in today’s fast-moving and negative territory with a deficit of USD 1.6 billion or
interconnected society. 0.1% from GDP. The Total banking industry loan grew
GOVERNANCE
by 10.4%, reaching Rp7,044.8 trillion with a stable
CORPORATE
MACROECONOMY IN 2023 Non-performing Loan (NPL) ratio of 2.2% (gross) as of
The global economy continued to grow in 2023, albeit 31 December 2023. The Rupiah closed the year
at a lower rate than expected due to continuing geo- strengthen 1.1% YoY against the US dollar, not far from
political instability and persistently high inflation, which last year’s level.
in turn triggered rate hikes by major Central Banks.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 27
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MANAGEMENT
REPORT
ASSESSMENT OF THE BOARD OF DIRECTORS’ Bank’s Business Plan and periodically reviewed the
PERFORMANCE implementation to ensure that the Bank was on track
The Board of Commissioners finds that the Board of in achieving its targets.
Directors effectively managed the Bank in 2023 and
carried out its duties and responsibilities properly. The Throughout the year, Danamon focused on its
Board of Directors achieved the Bank’s financial targets, business and customer expansion by bolstering and
strengthened operational and financial capabilities, transforming its channels, improving its product
and deepened collaboration with the MUFG ecosystem offerings, leveraging synergies within the MUFG
to drive growth. ecosystem, as well as fostering both digital acceleration
and digital partnership. Danamon deepened its
Under the direction of management, Danamon has business penetration in a few key ecosystems, such as
achieved a new record highs in loans and funding the automotive and Japanese real estate sectors, while
with healthy asset quality, and successfully increased diligently identifying any opportunities to tap into new
NIM level in a high interest rate environment. The industry ecosystems. These efforts have been fruitful,
ongoing investments in IT infrastructure, digital, as the loan portfolio across all business segments
branding, people capabilities, and branch networks experienced double-digit yearly growth. Enterprise
has improved business process efficiency, enhanced Banking and Financial Institutions (EBFI) including Trade
customer engagement, and increased digitalization. Finance Marketable Securities grew 15% YoY, reaching
These initiatives were also expected to increase the Rp78.8 trillion, while SME loan portfolio was up by 9%
Bank’s differentiation and strengthen its brand in a YoY, amounting to Rp22.6 trillion. The highest growth
competitive market. was derived from Consumer Banking, which increased
by 41% YoY to reach Rp17.7 trillion.
The Bank posted a Net Profit After Tax (NPAT) of Rp3.5
trillion, which increased by 6% YoY. The total loan In order to expand opportunities for collaboration
portfolio grew by 19% YoY to Rp172.9 trillion, and the opportunities, Danamon together with MUFG and
total funding grew by 14% YoY to Rp156.5 trillion. The MUFG Innovation Partners Co.Ltd. (MUIP), launched
CASA ratio amounted to 52.3% at the end of the year, the MUIP Garuda Fund, dedicated in supporting
and the NPL ratio stood at 2.2%, an improvement from Indonesia’s digital ecosystem by investing in fintech
2.6% at the end of 2022. With a strong consolidated start-ups. With the help of MUFG, Danamon pioneered
Capital Adequacy Ratio (CAR) of 27.5% as the end of the development of Sustainable Social Loans and was
2023, Danamon is well positioned to drive business also involved in coordinating sizeable syndicated loans.
expansion, especially with the backing of MUFG.
Danamon expanded its portfolio by acquiring Standard
Danamon’s strong and stable ratings independently Chartered Bank Indonesia (SCBI)’s retail loans. Finalized
confirm the strength of the business. Fitch Ratings in December 2023, the acquisition serves to strengthen
affirmed Danamon’s National Long-Term Rating Consumer Banking as well as provide better economies
at AAA(idn)/Stable, the highest rating available for of scale for ongoing investment.
Indonesia, and the BBB/Stable rating as the Long-
Term Issuer Default Rating (IDR). Similarly, Indonesia’s In parallel, the transformation of branch networks
rating agency, Pefindo, continued to confer its highest was expanded to another 53 branches following the
corporate rating for Danamon of idAAA/Stable. 2 pilot branches last year. Utilizing agile methodology,
Danamon is also a constituent of IDX-Pefindo Prime Danamon enhanced its digital capabilities through the
Bank Index, an index published by Pefindo starting in frequent release of new as well as updated features in
2023 that consists of 10 bank issuers with investment D-Bank PRO for consumers. The Bank also continued
grade ratings. to enhance its digital platform for business customers,
Danamon Cash Connect. In line with the accelerating
OVERSIGHT OF STRATEGY IMPLEMENTATION customer’s preference for digital channels, New-to-
In accordance with its mandate, the Board of Bank (NTB) accounts sourced through digital channels
Commissioners oversaw the formulation and grew by 117% compared to 55% in 2022 and 28% in
execution of the Bank’s strategies and policies, in 2021. Similarly, digital transactions rose to 93% of all
close coordination with the Board of Directors. We transactions in 2023, compared to 77% in the previous
provided input and advice for the preparation of the year showing that the Bank has successfully developed
digital services that appeal to customers.
28 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Adira Finance, Danamon’s subsidiary also contributed Overall, household and business spending is expected
to growth. Adira Finance’s loan portfolio grew by 25% to grow in 2024. As more than half of GDP comes from
YoY to Rp55.7 trillion, in line with its strengthening household consumption, growth is therefore projected
market share and profit during 2023. Danamon and to be resilient. However, the Indonesian economy is not
Adira Finance jointly participated in various national immune to risks from food and energy price shocks,
MANAGEMENT REPORT
events, such as the Indonesia International Motor Show declines in exports, global trade challenges, and further
(IIMS) 2023, for which Danamon and Adira Finance were monetary tightening abroad.
the main sponsors, and strengthened collaboration by
cross-selling to one another’s partners and ecosystem The Board of Commissioners therefore reminds the
with good results. management to be cautious and vigilant of any adverse
changes in the business environment, while continuing
In October, Adira Finance and Krungsri Bank, a to focus on growth and Danamon’s differentiated
subsidiary of MUFG in Thailand, finalized the purchase strategy as part of the MUFG network.
of Home Credit Indonesia (HCI), a consumer durables
finance provider whose business is complementary to CORPORATE GOVERNANCE IMPLEMENTATION
COMPANY PROFILE
that of Adira Finance’s. This transaction will strengthen Good corporate governance (GCG) is vital to
Adira Finance’s business and expand Danamon’s Danamon’s continuity, supporting its robust financial
ecosystem, creating future growth opportunities. and operational performance. As such, Danamon
emphasizes GCG implementation across the
The combination of these initiatives has moved organization, referencing to both regulatory and other
Danamon forward, enhancing the Bank’s capabilities internationally applicable standards.
and value proposition for customers and partners as
one of Indonesia’s leading banks and a member of Danamon’s GCG implementation consists of three
MUFG. aspects of Governance Structure, Governance Process,
DISCUSSION & ANALYSIS
and Governance Outcome. The Bank also maintains an
BUSINESS OUTLOOK Integrated Governance Policy for the Bank and for the
MANAGEMENT
The Board of Commissioners is of the opinion that Financial Conglomerate.
the business prospects prepared by the Board of
Directors are ambitious but realistic, given possible In the assessment of the Board of Commissioners, the
macroeconomic disruptions. World economic growth Bank’s GCG practices are viewed as sound and aligned
is expected to slow down in 2024 due to high interest with best practices and regulatory requirements. The
rates, high energy prices, and the slowing growth of two GCG self-assessment exercises conducted in every
China and the United States, the world’s two largest six months in 2023, revealed that Danamon’s GCG
OPERATIONAL REVIEW
economies. practices were consistently found to be “Good”.
By contrast, the Indonesian economic growth is Danamon frequently revisits the quality of its GCG
expected to pick up slightly, with growth reaching implementation with references to best practices
around 5.2%. The Indonesian government ended and changes to its business or the environment. This
2023 in a strong fiscal position with a solid trade includes updating key policies as necessary, such as
surplus, controlled inflation, and fairly stable currency, those pertaining to risk management and integrated
all of which underpin continued growth. Additional governance, as well as other policies that are critical to
supporting factors for growth in 2024 include fiscal, GCG.
monetary, and real sector policy support, controlled
GOVERNANCE
inflation, export performance, rising investment, and In formulating this assessment and monitoring the
CORPORATE
the expansion of the downstream and green energy implementation of Danamon’s GCG practices, the Board
sectors. In addition, the presidential and government of Commissioners is supported by several committees
elections in Q1 are expected to spur domestic spending. that regularly submit reports on matters relevant
to GCG. We have also assessed the quality of these
committees’ work based on, among other aspects,
the number and subject of meetings, decisions made
during meetings, and the prompt implementation of
follow-up actions.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 29
Page 32
MANAGEMENT
REPORT
WHISTLEBLOWING SYSTEM IMPLEMENTATION PROGRESS IN SUSTAINABILITY
As part of reinforcing good corporate governance, The Board of Commissioners is pleased to see that
Danamon has developed and implemented a Danamon has made measurable progress on the
whistleblowing system (WBS) in line with its commitment implementation of its Sustainable Finance Action
to apply the best corporate governance and to conduct Plan (SFAP), in line with the MUFG’s and the Bank’s
business practices with integrity. The WBS mechanism commitment to strengthening sustainability. We
provides avenues for employees to report incidents of are of the view that Danamon’s sustainable finance
fraud, abuse, or suspicion thereof confidentially and implementation in 2023 is aligned with OJK Regulation
responsibly, without fear of retribution. Employees’ No. 51/POJK.03/2017 regarding the Implementation of
reports are strictly confidential, and their identities are Sustainable Finance for Financial Services Institutions,
protected. Issuers, and Public Companies.
To further ensure impartiality, Danamon has appointed Among others achievements, the portion of the overall
an independent third-party consultant, KPMG, to portfolio accounted for sustainable financing increased
manage its WBS, including following up on and from 21% at the end of 2022 to 22% at the end of
managing reports. The third party will then forward the 2023, reflecting environmentally linked loans and the
reports to Danamon’s WBS team, after which the team launch of loans to support SME development, which
will evaluate the report’s merit and decide whether also aims to improve financial inclusion. The Bank
to open an investigation or share the report with the also made Environmental, Social, and Governance
relevant authorities. (ESG) investment products more widely available to
customers as part of Danamon’s support for raising
The Board of Commissioners, together with the Audit ESG awareness in society.
Committee and other relevant units, periodically
evaluates and follows up on any WBS reports that Sustainability-related aspects continue to be
are received. Reports that are proven true based on incorporated into the Bank’s processes, for instance,
the results of an investigation are followed up by in the 2023 updates of the credit underwriting process.
administrative sanctions that range from warning Danamon also participated in the Green Taxonomy
letters, transfers, and counseling up to termination of Pilot Project per OJK’s directive, as part efforts to drive
employment. industry development.
It is the view of the Board of Commissioners that the As part of its joint commitment with MUFG to achieve
consistent visibility and implementation of the WBS will net-zero greenhouse gas emissions from owned
help uphold Danamon’s integrity, remind all employees operations by 2030, Danamon pushed to reduce and
to act in accordance with a compliance culture, and mitigate its carbon footprint further during the year.
increase the trust of all stakeholders in the Bank. Danamon also collaborated with Adira Finance to hold
various environmental and community activities aiming
to strengthen public well-being in the long term. Further
details are available in this year’s Sustainability Report.
The Board of Directors will continue to monitor and
encourage the management in the implementation
of Danamon’s sustainability strategy and sustainable
finance development, as outlined in the SFAP.
30 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
CHANGES IN THE COMPOSITION OF THE CLOSING REMARKS
BOARD OF COMMISSIONERS The Board of Commissioners believes that Danamon
The composition of Danamon’s Board of Commissioners is on the right track for growth in collaboration and
underwent changes as per the resolutions passed at synergy with stakeholders. The achievements in 2023
the Annual General Meeting of Shareholders (AGMS) have strengthened Danamon’s business to become
MANAGEMENT REPORT
held on March 31, 2023. Mr. Kenichi Yamato and Mr. more customer-centric, as part of continuous service
Shuichi Yokoyama ended their terms as President improvements for our valued customers.
Commissioner and Commissioner of Danamon
respectively at the AGMS on March 31, 2023. Danamon On behalf of the Board of Commissioners, I would
is deeply grateful for their contributions and service like to express our deep appreciation to the Board of
and wishes them all the best. Directors and all employees for their hard work and
dedication to driving Danamon forward. I would also
Mr. Yasushi Itagaki, whose term of service as President like to thank Danamon’s loyal customers and partners
Director of Danamon had ended, was appointed as for their confidence and support.
the new President Commissioner of Danamon, and
COMPANY PROFILE
Mr. Halim Alamsyah was appointed as Vice President We also wish to acknowledge the support and guidance
Commissioner, effective upon passing the fit and of the Financial Services Authority (OJK), Bank Indonesia,
proper test from the Financial Services Authority. and the Indonesian government, a sincere thanks for
their continued efforts to build and develop a healthy
With these changes, the composition of Danamon’s and thriving economy and society.
Board of Commissioners as of the writing of this annual
report is as follows: Danamon’s progress in its 67th year has been made
• President Commissioner: Yasushi Itagaki possible by all of these stakeholders. The Bank will do
• Vice President Commissioner (Independent): Halim its best to safeguard their trust and confidence through
DISCUSSION & ANALYSIS
Alamsyah the continued pursuit of excellence now and in the
• Independent Commissioner: Peter Benyamin Stok future.
MANAGEMENT
• Commissioner: Nobuya Kawasaki
• Independent Commissioner: Hedy Maria Helena
Lapian
• Commissioner: Dan Harsono
OPERATIONAL REVIEW
Yasushi Itagaki
President Commissioner
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 31
Page 34
BOARD OF COMMISSIONERS
NOBUYA KAWASAKI HEDY MARIA YASUSHI ITAGAKI
Commissioner HELENA LAPIAN President Commissioner
Independent Commissioner
Page 35
HALIM ALAMSYAH PETER BENYAMIN STOK DAN HARSONO
Vice President Commissioner Independent Commissioner Commissioner
(Independent)
Page 36
MANAGEMENT
REPORT
REPORT FROM
THE BOARD OF DIRECTORS
Daisuke Ejima
President Director
34 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 37
HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
In 2023, we continued significant progress in our
business expansion and investment. We remain
consistent in leveraging our uniqueness as a hybrid
bank which represents combination of strong local
presence with the global expertise of MUFG.
COMPANY PROFILE
Esteemed Shareholders and Stakeholders, From the financial group perspective, MUFG has
DISCUSSION & ANALYSIS
continually expanded its investment in Indonesia.
Marking Danamon’s 67th year, we would like to humbly One of them includes the placement of a venture fund
MANAGEMENT
present our report on Danamon’s financial and (“Garuda Fund”) together with Danamon to support the
performance for the 2023 fiscal year. growth of Indonesian startups and expand Danamon’s
collaboration ecosystem. Adira Finance and Krungsri
Danamon succesfully recorded new milestones in Bank (MUFG’s subsidiary in Thailand) have finalized
2023 reaching new heights in loan and funding. The the acquisition of PT Home Credit Indonesia (HCI),
loan reached Rp172.9 trillion, a 19% YoY growth. Total a process that has been initiated since 2022. MUFG
funding grew by 14% YoY reaching Rp156.5 trillion and and Adira Finance have also signed the acquisition of
OPERATIONAL REVIEW
our granular funding grew by 10% YoY with a CASA ratio PT Mandala Mutifinance Tbk. (Mandala Finance),
of 52.3% at the end of the year. Our strategy execution and the transaction is expected to be finalized in the
successfully grew our Net Profit After Tax (NPAT) by 6% beginning of 2024.
YoY reaching Rp3.5 trillion. Overall, the Bank managed
to continue expanding its customer base and finished Throughout the year, Danamon made significant
the year with strong balance sheet and profitability. achievements by embracing the spirit of “Tumbuh
Bersama”, as reflected in this annual report theme.
In 2023, we continued significant progress in our The theme embodies our commitment to support our
business expansion and investment. We remain customers, assisting them to grow and prosper together
consistent in leveraging our uniqueness as a hybrid with Danamon in every stage of their life journey.
GOVERNANCE
bank which represents combination of strong local
CORPORATE
presence with the global expertise of MUFG.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 35
Page 38
MANAGEMENT
REPORT
ECONOMIC AND INDUSTRY OVERVIEW reaching 998,059 units, nearly reaching pre-pandemic
The global economy slowed further in 2023 in the levels. In the meantime, based on Indonesia Motorcycle
face of intensified geopolitical uncertainty related to Association (AISI), the two-wheeler (2W) vehicle sales
conflicts in Ukraine and the Middle East, high inflation reached 6.2 million units, showing that the demand has
and continued monetary tightening. Indonesia’s growth not yet fully recovered. In order to support adoption of
rate was impacted but remained resilient at around electric vehicles (EVs) towards the target of two million
5.0%, compared with the previous year’s 5.3% which electric cars and thirteen million electric motorcycles by
was buoyed by pent-up demand after the pandemic. 2030, the Government provided subsidies and sales tax
incentive until the end of 2023.
The Indonesian economy benefited from robust
household consumption, which represents 53.8%
of the country’s GDP, as well as from continued ANALYSIS OF BANK PERFORMANCE IN
investment realization and export growth. Household 2023
consumption rose by 4.5% YoY supported by increased
post-pandemic mobility, stability in purchasing power, STRATEGY AND RESULTS IN 2023
and the high level of consumer confidence, while
investment increased by 5.0% YoY which contributed Throughout 2023, we continued to strengthen our
30.6% of GDP. On the other hand, exports for the year channels, solutions and ecosystem by systematically
declined due to the global slowdown with the price deepening synergies and cross-referrals with MUFG
of palm oil and coal as Indonesia’s main commodities and Adira Finance, while advancing our investments
weakening by 12% YoY and 50% YoY respectively. in IT Infrastructure, Digital, People, Branding and
our wide transformation of Branch Networks.
Responding to rate hikes by the United States Federal Through this holistic approach, Danamon has been
Reserve, Bank Indonesia raised its benchmark BI 7-Day able to successfully improve service excellence and
Reverse Rate (BI7DRR) by 25 bps to 6% in October, engagement with customers, communities and select
after maintaining the rate since the beginning of 2023. ecosystems which in turn sustained double-digit loan
Despite fluctuations during the year, the USD to Rupiah growth, increased granular funding, and expanded
exchange rate closed the year at Rp15,397, strengthen fee income. We continued to grow our business in the
compared to the level at the end of 2022. The regulator’s automotive ecosystem and partnered with Japanese
fiscal and monetary policies successfully maintained real estate providers.
Rupiah stability and countered funds outflows due to
rate hikes. The rates increase also helped to keep full The Enterprise Banking and Financial Institution
year inflation to 2.6%, well within the regulator’s 3±1% (EBFI) including Trade Finance Marketable Securities
target corridor despite higher non-subsidized fuel loan portfolio has surged to reach Rp78.8 trillion.
prices and food prices. On the other hand, lending and This was achieved through deepening relationships
borrowing costs increased significantly, with Indonesian with existing customers, expanding the portfolio to
Deposit Facility and Lending Facility rates respectively acquire new customers and optimizing relationships
rising by 0.25% throughout the year. via the financial supply chain. With MUFG’s networks,
we continue to increase penetration in the Japanese
Despite these challenges, the business sector ecosystems in Indonesia, such as automobile and real
demonstrated a trend of improvement as the post- estate. Danamon together with MUFG and partner
pandemic recovery continued, including automotive banks MUFG networks held Business Matching events
industry. Based on the Association of Indonesia to benefit our corporate customers by providing them a
Automotive Industries (GAIKINDO), the sales for platform that enabled customers of each bank to meet,
four-wheeler (4W) vehicle sales decreased by 2% network, exchange business insights, and explore
business deal opportunities. In 2023, within the MUFG
networks in Asia, four Business Matching events were
held, with two of them conducted in Indonesia.
36 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
The Small and Medium Enterprise (SME) segment In addition, Adira Finance benefited from inorganic
continued to recover from pandemic woe. We focused growth in collaboration with MUFG. Together with
on increasing productivity as well as penetration Krungsri Bank, MUFG’s partner bank in Thailand, Adira
of foreign exchange and trade finance facilities. Finance has finalized the acquisition of HCI on October
Penetration of SME segment distributors within the 2023. MUFG and Adira are also in progress of acquiring
MANAGEMENT REPORT
financial supply chain of EBFI and MUFG customers consumer financing provider Mandala Finance to
was also increased. Collaboration is another key strengthen its coverage in the eastern part of Indonesia.
growth strategy for the segment. SME leveraged Adira This transactions are expected to be finalized in 2024
Finance relationships to serve auto dealers, fostered and will deliver wider synergies for both Adira Finance
partnerships with fintech companies to grow via digital and Danamon going forward.
channels and collaborated with other institutions to set
up social loan programs. At the beginning of 2023, Danamon, together with
MUFG and MUFG Innovation Partners Co. Ltd.(MUIP),
Consumer Banking grew 41% YoY to Rp17.7 trillion committed USD 100 million in MUFG Innovation
through various initiatives initiated in 2023 that aimed to Partners Garuda No.1 Investment Limited Partnership
COMPANY PROFILE
reach higher engagement with customers and expand (Garuda Fund). This fund is dedicated to support the
collaboration with strategic partners. We continued growth of Indonesian fintech companies and enlarge
expanding customer base by improving digital channel the number of collaboration partners for Danamon
capabilities and leveraging transformed branches. group. Following this, Danamon in collaboration with
Through the “Tumbuh Bersama” spirit, we aim to reach MUFG also held an Investment Fair to provide access
the younger generation and provide various solutions for startups in reaching potential investors. This event
to meet their financial needs in every stage of their was attended by 150 startups and three of MUFG’s
life journey. We held major events such as the DXPO group entities focusing on start ups: MUIP, Krungsri
(Danamon Expo travel, property, auto, F&B and lifestyle Finnovate and MARS Growth Capital.
DISCUSSION & ANALYSIS
expo) in celebration of our 67th anniversary and served
as the main sponsor for the biggest wedding exhibition In December 2023, Danamon finalized acquisition of
MANAGEMENT
in Indonesia, Bridestory Market 2023. To maintain the conventional retail loan portfolio, consisting of
sustainable granular funding, Danamon launched the customers with good track records, from Standard
Danamon Hadiah Beruntun (DHB) program for our Chartered Bank Indonesia (SCBI). This transaction has
customers nationwide. strengthened the consumer lending business as one of
Danamon’s main business engines, as well as creating
In the automotive industry, our subsidiary, Adira Finance economies of scale from our investments in Branch
continued to prioritize strengthening position and Networks, Digital Banking, and other capabilities.
OPERATIONAL REVIEW
regaining market share through product diversification
and attractive programs. Adira Finance also expanded Danamon continued to invest in channels, including
its offerings in non-automotive products to retain and Branch Network and Digital Banking. While the
improve the stickiness of existing customers through Digital Banking excels at delivering seamless self-
multipurpose financing, durable goods financing, and service convenience for simple, routine transactions,
providing fleet financing as well as heavy equipment the Branch Network acts as platforms for complex
financing. Adira Finance and Danamon with the transactions and high-value product consultations,
support of MUFG continued commitment to support whether in-person or virtually. We have therefore
automotive industry by becoming the main sponsor for re- envisioned our branch offices to become hub for
IIMS 2023, a prominent auto exhibition held in Jakarta financial advisory and consultation services. These
GOVERNANCE
and Surabaya. Next Generation Branches, many of which include
CORPORATE
hospitality points, community spaces and knowledge
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 37
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MANAGEMENT
REPORT
sharing areas, are designed to foster high-touch majority of Japanese property developers in Indonesia.
interactions and engagement, accompanied by more In addition, MUFG also supported Danamon in various
personalized and efficient assistance. Following the syndicated loan initiatives.
pilot transformation of two branch offices in 2022, we
rolled out the transformation more widely this year. A Danamon and Adira Finance specifically benefited from
total of 53 branches in 18 cities has been transformed the deepened synergies in the automotive ecosystem.
in 2023, with an emphasis on integrating digital, human The synergies were achieved through various joint
and physical aspects to support strengthened advisory events and marketing campaigns, and cross-referral
role of branches and deliver improved customer for product and services. By the end of 2023, the auto
experience. loan financing provided to Danamon’s customers
increased by 98% YoY reaching Rp910 billion, while
On Digital Banking side, Danamon has continually total customers increased by 112% YoY. CASA opening
improved capabilities of D-Bank PRO, the mobile by Adira Finance’s customers has increased by 11.3
banking for personal use and Danamon Cash Connect times. The working capital loans provided by Danamon
(DCC), the mobile and internet banking for business to Adira Finance’s dealers has increased by 103% YoY
users. In 2023, 22 new features were launched, including with 105% YoY increase in the number of dealers.
virtual credit card, cash out through Indomaret and FX These dealers in return will prioritize channelling its
Liverate. In addition, the upgraded features in DCC that auto loans to Adira Finance. Through referral from EB
covers comprehensive modules for cash management and SME customers, Fleet Financing by Adira Finance
and financial supply chain includes flexibility in has grown by 85% YoY with the number of customers
collection methods, access to more comprehensive increasing by 22% YoY.
reporting and much more. We continue leveraging
our digital partnerships to enhance customer THE DIRECTOR’S ROLE IN STRATEGY
expansion and capabilities. The newly and deepened FORMULATION AND THE REVIEW PROCESS
digital partnerships are colaboration with Bareksa, The Board of Directors (BOD) is responsible for the
Pima!, Klikdokter and OY!. These new features and formulation and execution of Danamon’s strategies
capabilities, together with our digital partnerships, have and policies, as set forth in the Board Charter. These
produced larger customer interactions and number of strategies and policies, which are established to realize
transactions. In addition, Garuda Fund has also made Danamon’s vision and missions, are articulated in
investment in Qoala, an omnichannel insuretech Danamon’s 2023 Business Plan (RBB) and are established
company in Indonesia, and this investment opens up in consultation with the Board of Commissioners, with
new collaboration opportunity for Danamon group. consideration of inputs and guidance from Otoritas
Altogether, these initiatives have strengthened and Jasa Keuangan (OJK), Bank Indonesia and other relevant
sharpened Danamon’s value proposition to customers, authorities.
enabling us to claim a unique and differentiated service
niche. Subsequently, strategy and policy execution, including
implementation of good corporate governance (GCG),
GROUP SYNERGIES is monitored and evaluated by the BOD and senior
We continued to strengthen our collaboration with management with the support of relevant functions
MUFG in 2023. This resulted in a 34% YoY increase such as the Internal Audit committee. Recognizing
in cumulative synergy deals to reach 580 deals with that the business landscape is highly dynamic, the
Rp21.7 trillion in synergy loans. Leveraging MUFG’s BoD continuously stays abreast of changes and
expertise in ESG, Danamon launched the first ever developments in the market. The BoD would then adjust
Sustainable Social Loan with PT Pegadaian and a the execution of the strategy and policy in order to
Sustainable Syariah Social Loan with PT Permodalan prudently maintain and safeguard Danamon’s business
Nasional Madani. These financings are designed to continuity and responsibilities to stakeholders, and to
expand financial inclusion to underprivileged families, uphold the Bank’s commitment in implementing best
women entrepreneurs and ultra-micro businesses. banking practices.
MUFG also connected Danamon to partner with the
38 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
TARGET AND REALIZATION At year end, our Capital Adequacy Ratio (CAR) was 27.5%,
Our strategies have successfully led us to achieve well above the regulatory minimum. Our Consolidated
new milestones in lending and funding for 2023. Net Profit After Tax (NPAT) amounted to Rp3.5 trillion,
Our total consolidated loans grew by 19% YoY to an increase of 6% compared to the same period the
reach Rp173 trillion, higher than industry target. EBFI previous year and better than target. Return On Assets
MANAGEMENT REPORT
including Trade Finance Marketable Securities segment (ROA) after tax and the Return On Equity (ROE) were
which supported by MUFG collaboration grew by 1.7% and 8.3%, respectively.
15% YoY reaching Rp78.8 trillion. Adira Finance’s new
financing has increased by 31% YoY with loan balance Continuing the trend of the previous year, the
growing by 25% YoY to reach Rp55.7 trillion. Meanwhile, contribution of digital channels accelerated. New-to-
the SME loan portfolio recorded growth of 9% YoY Bank (NTB) accounts at Danamon increased by 117%
which amounted to Rp22.6 trillion. The Consumer YoY, compared to 47% YoY in 2022. Transaction value
loan experienced rapid growth of 41% YoY to reach on digital channels grew by 38% YoY, with the number
Rp17.7 trillion. of financial transactions increasing by 28% YoY and
Monthly Active User growth of 6% YoY.
COMPANY PROFILE
Danamon maintained its asset quality to remain
prudent with the Consolidated Non-Performing Loan We are grateful that Danamon’s performance and
(NPL) ratio standing at 2.2%, improving by 40 bps from accomplishments were recognized by several domestic
last year. At the same time, the NPL Coverage ratio and international awards during the year. These include,
improved to 265.9%. but not limited to, the Best Retail Bank Indonesia
by the Retail Banker International Asia Trailblazer
In parallel, despite the reduction in CASA balance, Awards 2023; Top Bank 2023 in Conventional - KBMI 3
Danamon successfully grew granular funding by 10% Category at the 4th Indonesia Top Bank Awards 2023;
YoY, consisting of CASA and regular Time Deposits from Best for ESG Investing in Indonesia by Asiamoney
DISCUSSION & ANALYSIS
Consumer and SME. Private Banking Awards, Best Conventional General
Bank Internet Banking, Mortgage and Syariah Unit at
MANAGEMENT
The table below compares Danamon’s prime lending the 12th Infobank Digital Brand Awards; First Rank for
rates to average interest rates during 2023: Satisfaction Index 2023 at the 6th Infobank Satisfaction,
Loyalty & Engagement Awards 2023; and many more.
PRIME LENDING RATE AS OF DECEMBER 31,2023
Loans Segments Prime Lending IMPLEMENTATION OF GOOD CORPORATE
Rate GOVERNANCE
We at Danamon are consistently committed to
Micro Loans N.A
OPERATIONAL REVIEW
upholding Good Corporate Governance (GCG)
Retail Loans 9.00%
standards. We consistently monitor and strengthen our
Consumers Loans (Mortgage) 8.00% GCG implementations, with reference to both local and
Consumers Loans (Non-Mortgage) 9.25% global best practices. Risk Management, Integrated
Corporate Governance, and other critical aspects of
Kredit Korporasi 8.50%
corporate governance continue to be strengthened.
THE WEIGHTED AVERAGE EFFECTIVE INTEREST RATES PER In parallel, we maintained framework such as the
ANNUM FOR THE YEAR ENDED DECEMBER 31, 2023 Whistleblowing System (WBS). This system allows
(FOR RUPIAH DENOMINATION) individuals to confidentially report allegations of fraud,
GOVERNANCE
policy violations, bribery, illegal activities, and other
CORPORATE
Deposit Type Interest Rate
breaches of the code of conduct.
Current Account 2.16%
Savings 2.08%
Time Deposits 4.29%
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 39
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MANAGEMENT
REPORT
In line with our commitment to transparency, Throughout 2023, our sustainable finance loan
Danamon collaborates with an external third party to portfolio expanded further to reach 22% of our total
manage the WBS. This collaboration aims to establish loan portfolio, up from 21% at the end of 2022, which
an independent, transparent, convenient, confidential, was primarily contributed by growth of Environmental
protected, and monitored reporting system for Loans in EBFI and steady expansion of Social Loans in
employees submitting such reports. Importantly, SME and Adira Finance. This result is in line with our
Danamon ensures personal and legal protection for goal of increasing the portion of Sustainable Financing
whistleblowers, in accordance with prevailing laws and portfolio to 27% by 2028.
regulations.
EBFI environmental loans focused on providing funding
In recognition of our efforts, Danamon was proud to for businesses that demonstrate responsible growth
be selected as a 50 publicly listed companies awarded and development, for example financing palm oil
the “2023 Corporate Governance Award” by the businesses that are involved in biodiesel production
Indonesian Institute for Corporate Directorship (IICD). with certification. To support responsible lending,
our credit underwriting process has been updated to
COMMITMENT TO SUSTAINABILITY include Oil and Gas Sectoral Guidelines in 2023, as part
For Danamon, sustainability means conducting our of strengthening our overall Environmental and Social
business in a way that improves consistently over Risk Assessment (ESRA). We also participated in the
the long run, and at the same time contributes to Green Taxonomy Pilot Project in accordance with OJK’s
socioeconomic development while minimizing our direction towards ensuring responsible investment and
environmental footprint. We continue to conserve financing mechanisms.
the environment, enrich the communities’ livelihoods,
and care for the development and wellbeing of Solar Panel and Electric Vehicle (EV) financing
our employees, all while being committed to good accelerated throughout 2023, reflecting Adira Finance’s
governance and prudent banking principles. growing EV market share, as well as Danamon’s active
support for the industry which includes employee
As a leading Indonesian bank and a member of MUFG, incentives for Solar Panel and EV home purchases. The
we are intent on expanding our Sustainable Finance financing loan for EV has grew by 6.5 times YoY.
commitment as an integral part of our business.
To realize this, we have formulated a Sustainability We have established Sustainable Social Loans to
Finance Action Plan (SFAP), which consists of 5 pillars: support SMEs as well as access to education loans.
Governance and Process, Internal Awareness and Adira Finance also similarly committed to channeling
Capacity Building, Responsible Workplace Management micro-financing social loans to unbanked MSME with
and Corporate Social Responsibility (CSR). Together, the aim of helping them.
these 5 pillars complement and reinforce one another to
create positive cycle of impact towards Environmental,
Social and Governance (ESG) objectives.
40 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Within our offerings, we have also created opportunities Bank Indonesia projects the growth of the Indonesian
in response to rising interest in ESG investing. For economy within the range of 4.7-5.5% with 2.5+1%
example, we now offer an MSCI Indonesia ESG Screened inflation in 2024, bolstered by resilient domestic
index mutual fund product for retail investment which demand which comprises more than half of the
offers customers opportunities to invest in support country’s Gross Domestic Product (GDP). Moreover,
MANAGEMENT REPORT
socially responsible companies, as part of catalyzing government spending is expected to increase in 2024
broader interest in ESG and sustainable finance. The due to various factors including activities associated
Danamon Wealth Series of events has also added ESG- with the presidential and regional leader elections, the
themed sessions. planned increase in government employee salaries,
investments in the development of Indonesia’s new
With regard to our operations, jointly with MUFG, we capital city as well as increased social spending and
made progress towards our goal of reaching net zero the completion of infrastructure and national strategic
emissions on our operations by 2030 and implementing projects. These factors are poised to serve as buffers
initiatives with the main purpose to reduce and against the potential impact of a global economic
minimize our carbon footprints. In addition to various slowdown in 2024.
COMPANY PROFILE
energy saving initiatives such as installations of LED
lamps and Solar Panels at branches, Danamon also As we navigate these conditions, our commitment to
started to participate in Renewable Energy Certificates expanding Danamon into a leading financial group
to support transition to greener energy and Carbon with sustainable profitability remains unwavering. With
Credits to offset our carbon emissions. MUFG, we are confident that Danamon is able to deliver
a unique and differentiated experience for customers,
We also continued to engage in initiatives to boost one that combines the best of global banking solutions
national financial literacy and inclusion, access to clean with a deep understanding of Indonesian customers’
water and sanitation, and natural disaster mitigation needs. Notwithstanding the higher interest rate
DISCUSSION & ANALYSIS
by planting trees and mangroves, accompanied environment, we therefore believe that Danamon has
by environmental education initiatives. Our efforts the potential to achieve customer growth and improved
MANAGEMENT
touched more than 11,000 beneficiaries, with over profitability in 2024, accompanied by healthy asset
1,600 employees participating in these initiatives, with quality and robust liquidity.
additional Adira Finance employees volunteering to
drive impact together for the good of all shareholders. On the wholesale side, we will realize this by
strengthening our attractiveness as a preferred partner
ANALYSIS OF BUSINESS PROSPECTS AND for financing and funding in targeted ecosystems, and
STRATEGY FOR 2024 also by leveraging strategic partnerships with MUFG
OPERATIONAL REVIEW
Despite persistent global uncertainties arising from the group members.
elevated interest rate environment and geopolitical
dynamics, we remain cautiously optimistic with the On the retail side, customer engagement will continue
opportunities ahead. The economy ended the year to be the focus of our efforts, along with granular
in good shape with trade surplus amounting to USD funding growth, through the continued roll out of our
36.9 billion. This shown the resillience of our economy hybrid channel strategy encompassing both digital and
amid increasing global risks, including moderation in branch channels.
commodity and economic slowdown in major trading
partner countring, such as China. Throughout, ongoing data analytics and process
improvements will take place, along with expanded
GOVERNANCE
investments in IT Digital and People as we take our
CORPORATE
operations to the next level in pursuit of delivering even
stronger results.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 41
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MANAGEMENT
REPORT
CHANGES IN THE COMPOSITION OF THE GROWING & PROSPERING TOGETHER
BOARD OF DIRECTORS Danamon’s progress and accomplishments in 2023 were
The composition of the Board of Directors of Danamon made possible by the trust of our valued customers,
experienced changes during the year. Mr. Yasushi the support of our partners and the dedication of the
Itagaki ended his term as President Director and was Danamon team, whose hard work and commitment
honorably appointed as President Commissioner at the have been instrumental in realizing the Bank’s vision
AGMS on March 31, 2023. In turn, Mr. Daisuke Ejima and mission.
was appointed as the new President Director effective
as of April 1, 2023. In addition, Mr. Heriyanto Agung As such, we would like to extend our sincere and
Putra stepped down from his position as a Director heartfelt appreciation to every one of them. At this
of the Board at the end of his term. The Board of opportunity, we would also like to thank the Board of
Directors would like to thank both Mr. Yasushi Itagaki Commissioners for their invaluable advice, guidance,
and Mr. Heriyanto Agung Putra for their dedication and and recommendations throughout the year. Last but
contribution to Danamon during their term of working. not least, we are grateful for the direction and guidance
These changes were ratified by the Annual General provided by OJK and Bank Indonesia, whose efforts to
Meeting of Shareholders (AGMS) on 31 March 2023. The safeguard the health of the Indonesian economy are
present composition of Danamon’s Board of Directors critical in maintaining national stability amid the volatile
is as follows: global landscape. As we look ahead, we envision growing
• President Director: Daisuke Ejima and prospering hand in hand with all stakeholders,
• Vice President Director: Honggo Widjojo Kangmasto working closely together to achieve sustainable positive
• Vice President Director: Hafid Hadeli performance growth in the future.
• Director: Herry Hykmanto
• Director: Rita Mirasari We look forward to continuing this collaborative
• Director: Dadi Budiana journey, nurturing strong relationships, and achieving
• Director: Muljono Tjandra new milestones together in the coming years. Thank
• Director: Naoki Mizoguchi you for being an integral part of our shared success
• Director: Thomas Sudarma story. Together, we believe we could assist you to grow
and prosper in years to come.
Daisuke Ejima
President Director
42 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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CORPORATE MANAGEMENT FINANCIAL
CORPORATE DATA OPERATIONAL REVIEW COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE DISCUSSION & ANALYSIS
Page 46
BOARD OF DIRECTORS
DADI BUDIANA HERRY HYKMANTO THOMAS SUDARMA HAFID HADELI
Director Director Director Vice President Director
Page 47
DAISUKE EJIMA HONGGO WIDJOJO NAOKI MIZOGUCHI RITA MIRASARI MULJONO TJANDRA
President Director KANGMASTO Director Director Director
Vice President Director
Page 48
MANAGEMENT
REPORT
REPORT FROM
THE SHARIA SUPERVISORY BOARD
Assalamu’alaikum Warahmatullahi Wabarakaatuh
Bismillaahirrahmaanirrahiim
Alhamdulillaahi rabbil’aalamiin, praise be to Allah Subhanahu Wata’ala for all of His pleasures, conveniences, and
gifts to all of us, so that Allah Ta’ala may enable us to carry out the duties and mandates entrusted to us. May Allah
bestow peace and blessings on our beloved Prophet Muhammad Shallallahu ‘Alaihi Wa sallam.
As Danamon’s Sharia Business Unit Supervisory Board (DPS-UUS), we have a specific mandate under the Board’s
most recent charter to oversee and ensure the conformity of the Bank’s products and services to Sharia principles,
regulations, and the applicable Sharia Supervisory Board Charter. The DPS-UUS has carried out its functions and
duties to supervise and provide opinions on every new product, policy, procedure, or other matters related to
fulfilling Sharia principles.
We, the Sharia Supervisory Board of Danamon’s Sharia Business Unit (DPS-UUS), believe that all Sharia banking
activities conducted by Danamon Sharia Business Unit in 2023 were Sharia-compliant, based on the fatwa of the
National Sharia Council of the Indonesian Ulema Council (DSN-MUI), and conformed to all Sharia opinions previously
issued for the Bank.
We look forward to more passionate work from Danamon’s Sharia business management in the years to come as
they work to meet their targets and achieve greater success. Finally, let us all pray to Allah SWT for our health, as well
as for His blessing and guidance on every good deed we do in the future.
Aamiin Yaa Rabbal ‘Alamin.
Wassalaamu’alaikum Warahmatullahi Wabarakaatuh
On behalf of the Sharia Supervisory Board
PROF. DR. H. M. DIN SYAMSUDDIN
Chairman of Sharia Supervisory Board
46 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 49
SHARIA SUPERVISORY BOARD
DR. ASEP SUPYADILLAH, M.AG. PROF. DR. H.M. DIN SYAMSUDDIN DR. HASANUDIN, M.AG.
Member Chairman Member
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 47
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MANAGEMENT
REPORT
DECLARATION OF RESPONSIBILITY
FOR ANNUAL REPORT
The following is a joint declaration by the Board of Commissioners and the Board of Directors on responsibility for
the 2023 Annual Report of PT Bank Danamon Indonesia Tbk.
We, the undersigned, testify that all information contained in the 2023 Annual Report of PT Bank Danamon
Indonesia Tbk has been presented in its entirety, and assume full responsibility for the accuracy of the contents of
the Company’s Annual Report.
This statement is hereby made in all truthfulness.
Jakarta, 28th February 2024
Board of Commissioners
YASUSHI ITAGAKI
President Commissioner
HALIM ALAMSYAH NOBUYA KAWASAKI
Vice President Commissioner (Independent) Commissioner
DAN HARSONO PETER BENYAMIN STOK HEDY MARIA HELENA LAPIAN
Commissioner Commissioner (Independent) Commissioner (Independent)
48 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
Board of Directors
DISCUSSION & ANALYSIS
MANAGEMENT
DAISUKE EJIMA
President Director
OPERATIONAL REVIEW
HONGGO WIDJOJO HAFID HADELI HERRY HYKMANTO RITA MIRASARI
KANGMASTO Vice President Director Director Director
Vice President Director
GOVERNANCE
CORPORATE
DADI BUDIANA MULJONO TJANDRA NAOKI MIZOGUCHI THOMAS SUDARMA
Director Director Director Director
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 49
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MANAGEMENT
REPORT
SHARIA
SUPERVISORY BOARD
Chairman : Prof. Dr. H.M. Din Syamsuddin
Member : Dr. Hasanudin, M.Ag.
Member : Dr. Asep Supyadillah, M.Ag.
Declaration:
The members of Danamon’s Sharia Supervisory Board have declared they have no financial, management, share
ownership and/or family relationships with members of the Board of Directors, Board of Commissioners and/or
controlling shareholders, or other relationships with Danamon that may affect their ability to discharge their duty as
stated in their letter of appointment signed on March 20, 2023 & March 22, 2023 and renewed every year.
Jakarta, 28th February 2024
PROF. DR. H.M. DIN SYAMSUDDIN
Chairman
DR. HASANUDIN, M.AG. DR. ASEP SUPYADILLAH, M.AG.
Member Member
50 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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CORPORATE MANAGEMENT FINANCIAL
CORPORATE DATA OPERATIONAL REVIEW COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE DISCUSSION & ANALYSIS
Page 54
Page 55
COMPANY
PROFILE
54 Danamon at A Glance 96 Employee Demographic
55 Corporate Identity 98 Shareholders Composition
56 Core Business 100 Majority & Controlling Shareholders
58 Milestones
101 Share Listing Chronology
62 Vision and Mission
102 Timeline of Other Securities Listings
64 Corporate Values
104 Corporate Group Structure
65 Corporate Logo
106 Public Accountant & Public
66 Operational Areas
Accountant Firm
68 Organizational Structure
106 Capital Markets Supporting
76 Board of Commissioners Profile
Institutions & Professionals
82 Board of Directors Profile
107 Award and Certification
91 Profile of Sharia Supervisory Board
111 Information of Corporate Website
94 Profile of Independent Parties
Page 56
COMPANY
PROFILE
DANAMON
AT A GLANCE
Danamon posted total assets of Rp221.30
trillion as of 31 December 2023. Its shares are
owned by The MUFG Bank, Ltd. (92.47%) and
the public (7.53%).
PT Bank Danamon Indonesia Tbk (Danamon) was established Danamon operates an extensive distribution network spread
in 1956 and has since grown and developed to become one of out from Aceh to Papua, with more than 863 branches and
Indonesia’s largest financial institutions, guided by its vision, service outlets comprising conventional branches, Sharia units
which is “To Care and Enable Millions to Prosper.” and the branch networks of Adira Finance. With its branch
network structure, Danamon provides integrated product
Danamon serves all segments of banking customers in the offerings that greatly enhance service quality to customers.
Consumer segment, SME segment and Enterprise (Commercial
and Corporate) Banking segments. The Bank provides a Danamon’s distribution network is supported by an e-channel
comprehensive range of banking and financial products platform comprising of 1,255 proprietary ATMs and CDMs
and services including Sharia banking services. In addition, (Cash Deposit Machines), with access to ATM Bersama, ALTO
Danamon provides financing for automotive and consumer and Prima networks. Danamon also deploys comprehensive
goods through Adira Finance. digital services including SMS Banking, internet banking and
mobile banking for both individual and business customers,
As part of MUFG Bank, the largest bank in Japan and a leading constantly upgrading features and capabilities to meet the
financial institution in the world, we are able to leverage demand of the banking public in the digital era for faster and
on MUFG’s strengths, expertise and network to serve our easier transactions.
customers and to enable Danamon to grow and deliver long
term value to all stakeholders.
54 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
CORPORATE
IDENTITY
MANAGEMENT REPORT
COMPANY NAME
PT Bank Danamon Indonesia Tbk
CORE BUSINESS CUSTODIAN BANK PERMIT TRUSTEE PERMIT
Banking Services Bapepam & LK Letter No. Kep-02/PM/ Bapepam & LK Letter No. S-1600/
Kstd/2002 dated 15 October 2022 PM/2000 dated 30 June 2000
DATE OF ESTABLISHMENT
16 July 1956
BUSINESS IDENTIFICATION NUMBER TAX IDENTIFICATION NUMBER
9120205531975 01.308.470.2-091.000
LEGAL BASIS OF ESTABLISHMENT LATEST ACRTICLE OF ASSOCIATION
COMPANY PROFILE
Notarial deed No. 134 dated 16 July 1956 of Meester Raden Soedja, Deed No. 40 dated December 10, 2020, drawn up before Mala
S.H. ratified by the Minister of Justice of Republic of Indonesia in Mukti, S.H., Lex Legibus Magister, Notary in Jakarta, which has
its decission letter No. J.A.5/40/8 dated 24 April 1957 and was been received and recorded in the Legal Entity Administration
published in Supplement No.664 to the State Gazette of Republic System Database of the Ministry of Law and Human Rights of
of Indonesia No.46 dated on June 7, 1957 the Republic of Indonesia No. AHU-AH.01.03-0420961 dated
18 December 2020
GLOBAL INTERMEDIARY IDENTIFICATION NUMBER (GIIN) ASSOCIATION MEMBERSHIP
WZU780.99999.SL.360
• National Private Bank Association (Perbanas)
www.danamon.co.id • Indonesia Public Listed Companies Association (AEI)
corporate.secretary@danamon.co.id • Indonesia Payment System Association (ASPI)
DISCUSSION & ANALYSIS
corporate.communications@danamon.co.id • Bankers Association for Risk Management (BARa0
investor.relations@danamon.co.id • Indonesian Banker Association
MANAGEMENT
STOCK EXCHANGE SHARE CODE ISIN CODE SWIFT CODE
Bursa Efek Indonesia BDMN ID1000094204 BDINIDJA
BUSINESS PERMIT FOREIGN EXCHANGE SHARIA BANKING PERMIT TAX PAYMENT BANK
Letter from the Ministry of BANK PERMIT Letter from the Directorate PERMIT
Finance of the Republic of Letter from Bank Indonesia of Banking Licensing and Letter from the Directorate
Indonesia No. 161259/U.M.II No. 21/10/Dir/UPPS dated 5 Information, Bank Indonesia, General of Taxation, Ministry
dated 30 September 1958 November 1988 no. 3/744/DPIP/Prz dated 31 of Finance of the Republic
OPERATIONAL REVIEW
December 2001 of Indonesia, No. S-480/
PJ.9/1989 dated 7 September
1989
HEAD OFFICE SUBSIDIARY
PT Bank Danamon Indonesia Tbk PT Adira Dinamika Multi Finance, Tbk. (Adira Finance)
Menara Bank Danamon Line of Business : Financing
Jl. H.R. Rasuna Said, Blok C No.10 Head Office : Millenium Centennial Center Lantai 53, 53-61
Karet Setiabudi, Jakarta-Indonesia 12920 Jl. Jend. Sudirman Kav.25, Jakarta 12920
Indonesia Phone : +6221 3973 3232, 3973 3322
Phone : +6221 8064 5000 Fax : +6221 3973 4949
E-mail : af.investor.relation@adira.co.id
af.corsec@adira.co.id
CORPORATE INFORMATION INVESTOR INFORMATION PRESS INQUIRIES
GOVERNANCE
INFORMATION ACCESS
CORPORATE
Corporate Secretary Investor Relations Corporate Communications
Menara Bank Danamon
Jl. H.R. Rasuna Said Blok C No.10 Karet Setiabudi, Jakarta-Indonesia 12920
Phone : +622180645000 | FAX : +622180645030
17 TH FLOOR 21 ST FLOOR 11 TH FLOOR
corporate.secretary@danamon.co.id investor.relations@danamon.co.id corporate.communications@danamon.co.id
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 55
Page 58
COMPANY
PROFILE
CORE
BUSINESS
PURPOSES AND OBJECTIVES AS WELL AS BUSINESS e. Transferring funds, both on its own interest or in
ACTIVITIES ARTICLE 3 the interest of the customers;
f. Placing funds in, borrowing funds from, or
1. The purposes and objectives of the Company are to lending funds to, another bank, both in writing,
do business activities as a Commercial Bank. with telecommunications facility and sight draft,
cheque or other facilities;
2. Main Business Activities g. Receiving the payment of securities bill and
To achieve the purposes and objectives mentioned making calculation with or among the third
above, the Company may carry out the following parties;
main business activities: h. Providing a place to store goods and securities;
a. Raising funds from the general public in the form i. Carrying out safekeeping activities in the interest
of savings/deposits i.e. demand deposits of another party under a contract;
account, time deposits, deposit certificates, j. Placing funds from one customer to another
savings and/or other forms which are similar customer in the form of securities which is not
to or comparable to them, either in the Rupiah listed on the Stock Exchange;
currency or foreign currencies; k. Carrying out factoring activities, credit card
b. Extending loan, either long-term, middle-term, business and acting as a trustee;
or long-term or other forms of loan which are l. Carrying out activities in the field of foreign
usually extended in the banking world; currency in accordance with the provisions
c. Issuing promissory notes; stipulated by Bank Indonesia and Financial
d. Purchasing, selling, or guaranteeing at its own Services Authority;
risk or in the interest and by the order of the m. Providing funding and/or carrying out other
customers: activities under the Sharia principles, in
(i) Drafts including the drafts accepted by accordance with the provisions as stipulated by
bank and the validity period of which is not the Bank Indonesia and Financial Services
longer than the normal period of issuance Authority.
in the trade of the said instruments; n. Carrying out activities as a marketing agent for
(ii) Promissory notes and other commercial non banking productssuch as insurance, mutual
papers, the validity period of which is not funds, state bonds and other activities in
longer than the normal period of issuance accordance with the provisions thereof;
in the trade of the said instruments;
(iii) State treasury instrument and Government
bond;
(iv) Certificate of Bank Indonesia (SBI);
(v) Bond;
(vi) Promissory notes with a validity period of
up to 1 (one) year;
(vii) Other securities with a validity period of up
to 1 (one) year;
56 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
3. Supporting Business Activities
To support the main business activities of the
Company, the Company may carry out the following
supporting business activities:
a. Purchasing collateral, either whole or a part,
through or outside the tender in the case the
debtor does not meet its obligations to the bank,
with the provisions that the said collateral must
be marketable within short period;
b. Acting as the founder and as the executive board
COMPANY PROFILE
of pension funds in accordance with the
provisions of laws and regulations on pension
fund;
c. Issuing various forms of letter of credit and bank
guarantee;
d. Carrying out capital participation activity in bank
or other companies in the field of finance, such
as leasing, venture capital, credit card business,
consumer financing, Securities company,
DISCUSSION & ANALYSIS
insurance, settlement and depository clearing
house, in accordance with the provisions as
MANAGEMENT
stipulated by Bank Indonesia and Financial
Services Authority;
e. Carrying out temporary capital participation
activity to overcome the consequence of credit
failure, including the financial failure under
the Sharia principles, provided that such
participation must be withdrawn in accordance
OPERATIONAL REVIEW
with the provisions as stipulated by the Bank
Indonesia and Financial Services Authority;
f. Carrying out other supporting business activities
to support the main business activities which is
usually carried out by Banks as long as they do
not conflict with the prevailing laws and
regulation.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 57
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COMPANY
PROFILE
MILESTONES
1956 2000
Established as Bank Kopra Merged with eight banks that
Indonesia were also taken over by the
Government
1976
Name changed to PT Bank 2003
Danamon Indonesia Asia Financial (Indonesia) Pte.
Ltd. acquires the Government’s
1988 majority shares in the bank
Becomes the first foreign
exchange bank in Indonesia 2004
• Launching of Danamon Simpan
1989 Pinjam (DSP)
Becomes a publicly listed • Acquisition of Adira Finance
company with shares offered on
the Jakarta Stock Exchange 2005
• Branch network expansion for
1998 Danamon Savings and Loans
Taken over by the Government Micro Financing
due to the Asian financial crisis • Launching of new Company
Vision, Mission and Values
1956-2005
2006-2013
2006 2011
• Acquisition of American Express • Rights issue of Rp5 trillion
Card Business in Indonesia • Celebration of Danamon’s 55th
• Celebration of Danamon’s 50th anniversary
Anniversary
2012
2007 • Expansion of Solusi Emas
Launch of DirhamCard, the first Syariah branches
Sharia-compliant credit card in • Launch of Manchester United
Indonesia debit and ATM cards
2008 2013
• Inauguration of Danamon • Collaboration with Wells
Corporate University Fargo and Overseas Private
• Expansion of the branch office Investment Corporation (OPIC)
network and International Finance
Corporation (IFC) to finance
2009 Indonesia’s MSME sector
• Rights issue of Rp4 trillion
• Issuance of sustainability
• Increase of share ownership in
report certified by the Global
Adira to 95%
Reporting Initiative (GRI)
2010
Danamon and Adira Finance issue
a fixedinterest bond to diversify
funding sources
58 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
2014 • Launching of BISA Umrah iB
savings product
• Launch of D-Mobile Danamon
• Launch of the e-commerce
mobile banking application
feature in Danamon Online
• Launch of Danamon Sharia’s Banking
BISA iB and BISA Qurban iB
savings products
MANAGEMENT REPORT
2016
• Signing of a memorandum • Celebration of Danamon’s 60th
of understanding with anniversary and inauguration
International Finance of the new head office, Menara
Corporation (IFC), a member Danamon
of the World Bank Group, in
• Launch of the D-Cash mobile
the development and design of
feature that allows cash
financing models, especially in
transfers through the D-Mobile
the agribusiness sector in the
application
Danamon Savings and Loan
business unit • Launch of the Danamon
Manchester United Flazz
COMPANY PROFILE
prepaid card
2015
• Cooperation with the • Launch of the D-Card
International application for Danamon credit
• Islamic Trade Finance card holders
Corporation (IITFC) in Sharia
Joint Trade Financing
• Launched of the DSP car for
micro customers
DISCUSSION & ANALYSIS
2014-2016
MANAGEMENT
2017-2018
2017 2018
• Launch of D-Point, a reward
• MUFG Bank Ltd. takes a 40%
point system for all banking
stake in Danamon
OPERATIONAL REVIEW
activities
• Launch of D-Connect, a digital • Conditional Agreement to
banking service for business sell a majority stake in Adira
people Insurance to Zurich
• Launch of Proteksi Prima • Launch of Danamon Syaria’s
Amanah Sharia Insurance, in Hajj pilgrimage savings product,
collaboration with Manulife linked to the Integrated
Indonesia Hajj Computerized System
• Launch of the Danamon (SISKOHAT) managed by the
Red Match Soccer Camp, Indonesian Ministry of Religious
giving children of Danamon Affairs.
customers an opportunity to
GOVERNANCE
practice under coaches from
CORPORATE
the Manchester United Soccer
School
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 59
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COMPANY
PROFILE
• Danamon launches the D-Bank PRO application, an easy and
convenient one-control application to fulfill daily transaction
needs
• Danamon Syariah launched digital Waqf service in 2021
to increase the convenience of customers’ charitable
contributions
• Commemoration Celebration of Danamon’s 65th Anniversary
held a series of programs entitled “Collaboration Festival”
• Danamon presents a drive-in concert New Live Experience
Vol.2
• Danamon cooperates with Grab to launch the Grab Visa credit
card
• Danamon received various prestigious awards, namely The
Asian Banker Transaction Award 2021 for providing a Cash
Management service system through real-time automatic
payments and posting facilities
• Danamon received the 2021 Indonesia Property Award for
the category of The Most Progressive Mortgage Bank with
Accelerating Partnership
• Danamon and Bank BNP complete their • Danamon received the Mitra Bakti Husada 2021 Award from
merger the Indonesian Ministry of Health in recognition of digital
• MUFG Bank Ltd. increases its stake in innovation efforts and the implementation of health protocols
Danamon to 94% in the company.
• Danamon completes the sale of its majority • Danamon also received an award as ranked first in the 2021
stake in Adira Insurance to Zurich SLE Index for the BUKU IV Bank category from the 2021
Satisfaction Loyalty Engagement Awards event.
• Danamon and MUFG host the first
businessmatching fair in Indonesia • Danamon together with MUFG and Adira Finance held
a vaccination center to support the acceleration of the
• 6,000 runners participate in Danamon Run
government’s vaccination program against the COVID-19
2019 in the ICE BSD area
pandemic in collaboration with the ministry of health
2019 2021
2020
• Danamon confirmed to be a BUKU IV bank
by Bank Indonesia
• Launched of Danamon Optimal, a financial
solution targeted at Upwardly Mobile
segment
• Danamon Optimal New Live Experience, a
drive-in concert
• Danamon wins three awards for digital
banking from three different international
institutions: Retail Bankers International,
Asiamoney, and International Data
Corporation
• Danamon provides more than 11,000
pieces of PPE, 12,000 essential-needs
packages, and insurance to 10,000 BNPB
volunteers in the fight against COVID-19
60 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
• Danamon launch Danamon JCB Precious Credit Card with
various attractive benefits especially for customer who like
traveling.
• Arranging a series of event for Danamon 66th anniversary
celebration with theme #BersamaBersinergi.
• Danamon together with Adira Finance and supported by
COMPANY PROFILE
MUFG become the sponsor of Indonesia International Motor
Show 2022 as Official Bank Partner and Official Multifinance
Partner.
• Danamon annaunce officially the reopening of two branch
offices at the end of 2022 which are Medan Putri Hijau in
Medan, North Sumatera and Pondok Indah Mall 2 in Jakarta.
This inaguration was carried out to officially welcome the
Next-Generation Branch concept for a holistic banking
experience at these two branch offices as part of Danamon’s
commitment to provide banking and financial solutions that
DISCUSSION & ANALYSIS
are most suitable with customer’s needs.
• Danamon received 44 national and international awards for
MANAGEMENT
Danamon products and services
during 2022.
2022
2023
OPERATIONAL REVIEW
• Danamon and MUFG Bank jointly announced a placement of USD 100
million in an Indonesia-focused venture fund named the MUFG Innovation
Garuda No. 1 Limited Investment Partnership (“Garuda Fund”).
• Danamon with MUFG and Adira as a Financial Group comes back as the
main sponsor for one of the biggest automotive events in Indonesia:
Indonesia International Motor Show (IIMS) 2023.
• Danamon Launches “Danamon Hadiah Beruntun” program as Research
Reveals Strong Public Interest High-Chance Prize Draw Programs as every
GOVERNANCE
customer can win attractive prizes repeatedly.
CORPORATE
• To celebrate the 67th anniversary together with customers, Danamon held
its first DXPO event at Central Park Mall.
• Danamon, PNM and MUFG Bank Set the Stage for Indonesia’s First Sharia
Social Financing with Verified International Standard Dedicated to Woman
Empowerment in Indonesia.
• Danamon Welcomes New Customers as Acquisition of Standard Chartered
Bank Indonesia’s Retail Loan Portfolio.
• Danamon have Transformed 53 Branches in 18 Cities throughout 2023 to
CORPORATE DATA
Provide Integrated Solutions to Customers and Communities.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 61
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COMPANY
PROFILE
VISION, MISSION &
CORPORATE VALUES
We Care and Enable Millions to Prosper. Danamon
VISION
believes that its purpose is to care for others: its
customers, employees, and society at large, enabling
them to thrive, grow, and achieve prosperity.
Danamon seeks to realize its vision through its three missions,
MISSION namely: Danamon aims to become “Indonesia’s Leading
Financial Institution” with a respected presence.
• Danamon believes that its strength in financial
intermediation in the economy makes it a catalyst for
wealth creation and prosperity.
• To optimize its role in the economy, it is imperative for
Danamon to have a good reputation and lead among
other financial institutions, as:
1. A business partner to its customers and
2. A contributing and caring member of society.
62 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
A customer-centric organization that serves all • Positive employee attitudes such as the
segments by offering unique value to each, based following are required:
on sales and service excellence, and supported by 1. Adaptable, open and continuously learning
world-class technology. to respond to change.
COMPANY PROFILE
• In carrying out its roles, Danamon strives to 2. Understand and focus on personal and
understand what each customer needs and human development.
responds accordingly.
• Danamon provides solutions to each need, Our aspiration is to be the employer of choice
uniquely, that no other financial institution in and one that is respected by our customers,
the industry provides and does so based on employees, shareholders, regulators and the
knowledge from research and technology. communities in which we operate.
• In doing so, Danamon focuses on service • Danamon invests in building a culture that is
processes that apply technology with care and conducive to achieving its goals.
DISCUSSION & ANALYSIS
responsibility. • Danamon builds collaborations with its
• It is important for Danamon employees to stakeholders, both within and outside its
MANAGEMENT
satisfy their customers and act honorably in neighborhood, to create contributions that
providing services that will be valued by society benefit their recipients, in places where they
at large. are most needed.
OPERATIONAL REVIEW
Review of Vision and Mission Statements:
In 2023, Danamon reviewed the suitability of the Vision and Mission statements with the company’s
condition and the various challenges it will face in the future. Based on it can be concluded that
the Vision and Mission statements are still in accordance with the current condition of Danamon and the
challenges ahead.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 63
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COMPANY
PROFILE
CORPORATE
VALUES
As a guide to behaving and performing every task and responsibility, corporate
values must be implemented by all employees, members of the management,
Board of Directors, and Board of Commissioners of Danamon. Along with
the dynamic development and changes in business, Danamon has defined
its corporate values to achieve objectives in line with the Bank’s vision and
mission.
Danamon’s corporate values are:
Berkolaborasi (Collaboration), Integritas (Integrity) Sigap Melayani (Customer
Centric), and Adaptif (Adaptive), abbreviated as:
B I S A
Berkolaborasi Integritas
Leverage diversity as strength Consistently uphold professionalism,
to achieve shared goals. openness, responsibility and ethics as
performance governance.
Sigap Melayani Adaptif
Provide service excellence Keep developing and improving self-
experience to all stakeholders in a potential to become the best.
way that is fast, spry and accurate.
64 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
CORPORATE
LOGO
MANAGEMENT REPORT
01
02
COMPANY PROFILE
03
01
DANAMON SYMBOL THE BEAMS OF A LIGHTHOUSE
Our symbol is inspired by the beams of a
DISCUSSION & ANALYSIS
lighthouse, comprising of two rays of light
MANAGEMENT
that radiate outwards from a single source.
It represents our role in helping guide
consumers through the complexities of
financial services. It also symbolizes our vision
to help millions of people to prosper.
OPERATIONAL REVIEW
02
DANAMON LOGOTYPE
This is the corporate typeface that sits below the Danamon symbol. It is a specific font
and should be used in combination with the Danamon symbol as a single entity.
GOVERNANCE
CORPORATE
03
BUSINESS GROUP IDENTITY
According to OJK (Financial Services Authority) letter No. S-22/PB.32/2021 regarding the
usage of business group identity by PT Bank Danamon Indonesia Tbk, the Danamon
logo is to be implemented together with its business group identity for its marketing
communication and advertising materials.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 65
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COMPANY
PROFILE
OPERATIONAL
AREAS
6
9 5
1
2 7 3
1 JAKARTA REGIONAL OFFICE 8
Covering Bandar Lampung, Bekasi, Bogor, Cilegon, Jakarta,
Karawang, Lampung, Metro, Pringsewu, Serang, Tangerang,
Tangerang Selatan.
2 BANDUNG REGIONAL OFFICE
Covering Bandung, Cianjur, Cimahi, Cirebon, Garut, Kuningan,
Purwakarta, Subang, Sukabumi, Tasikmalaya.
3 SURABAYA REGIONAL OFFICE 5 BALIKPAPAN REGIONAL OFFICE
Covering Banyuwangi, Blitar, Bojonegoro, Gresik, Jember, Covering Balikpapan, Banjarbaru, Banjarmasin, Baru, Berau,
Jombang, Kediri, Madiun, Malang, Mojokerto, Pamekasan, Bontang, Bulungan, Ketapang, Kotawaringin Barat dan Timur,
Pasuruan, Ponorogo, Sidoarjo, Surabaya, Tulungagung. Kutai Kartanegera, Kutai Timur, Melawi, Nunukan, Palangkaraya,
Pasir, Pontianak, Samarinda, Sambas, Sanggau, Singkawang,
4 MAKASSAR REGIONAL OFFICE Sintang, Tarakan.
Covering Ambon, Banggai, Bau-Bau, Biak Numfor, Bitung, Bone,
Bulukumba, Gorontalo, Gowa, Jayapura, Kendari, Kotamobagu, 6 MEDAN REGIONAL OFFICE
Makassar, Maluku Tengah, Manokwari, Manado, Merauke, Covering Asahan, Banda Aceh, Batam, Binjai, Bireuen,
Mimika, Nabire, Palopo, Palu, Pare-Pare, Pinrang, Sidenreng Deli Serdang, Karimun, Labuhan Batu, Langkat, Langsa,
Rappang, Sorong, Tana Toraja, Ternate, Toli-Toli, Tomohon, Wajo. Lhokseumawe, Medan, Nias, Padang Sidempuan, Pematang
Siantar, Sibolga, Tanjung Balai, Tanjung Pinang, Tebing Tinggi.
66 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
TOTAL BRANCHES Danamon has a network throughout Indonesia
863
from Aceh to Papua.
MANAGEMENT REPORT
Danamon operates an extensive distribution
network spread out from Aceh to Papua, with
863 branches and service outlets comprising
(397 Danamon + 466 ADMF)
conventional branches, sharia units, and the
branch networks of Adira Finance.
COMPANY PROFILE
DISCUSSION & ANALYSIS
MANAGEMENT
4
OPERATIONAL REVIEW
7 SEMARANG REGIONAL OFFICE 9 PALEMBANG REGIONAL OFFICE
GOVERNANCE
Covering Banjarnegara, Banyumas, Blora, Cilacap, Grobogan, Covering Bengkalis, Bengkulu, Bukit Tingi, Bungo, Dumai,
CORPORATE
Jepara, Kebumen, Kendal, Klaten, Kudus, Magelang, Pati, Indragiri Hilir, Jambi, Lubuk Linggau, Ogan Komering Ulu
Pekalongan, Purbalingga, Purworejo, Rembang, Salatiga, Padang, Palembang, Pangkal Pinang, Payakumbuh, Pekanbaru,
Semarang, Sleman, Sragen, Surakarta/Solo, Tegal, Temanggung, Prabumulih, Rokan Hilir, Tanjung Jabung Barat
Wonosobo, Yogyakarta.
8 DENPASAR REGIONAL OFFICE
Covering Badung, Belu, Bima, Buleleng, Denpasar, Ende, Gianyar,
Jembrana, Kupang, Manggarai, Mataram, Sikka, Sumbawa,
Tabanan.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 67
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COMPANY
PROFILE
ORGANIZATIONAL
STRUCTURE
PT Bank Danamon Indonesia Tbk
December 2023
Annual General Meeting
of Shareholders
Syariah Supervisory Board of
Board Commissioners
President Director
Integrated Corporate
DAISUKE EJIMA
Governance
Nomination & Corporate
Risk Monitor
Audit Committee Remuneration Governance
Committee
Committee Committee
Syariah Director
HERRY HYKMANTO
Chief Internal Auditor
YENNY LINARDI
Syariah Funding Business
CREM Head Credit Audit Group Head Branch Audit Group Head
Head
INDRIANI P. SUSANTIO INDRA PRASETYA DWIKO YUNAYANTO
MERCI S. ADRIANI
Audit & Fraud Inv Strat
Syariah Financing Business Product & Support Audit
SME Credit Head Dev Group Head
Head Group Head
HANDOJO PAMUDJI ANGGORO
REFITA R. ARIEF KHO TJHING KIAN
H. GUNADHARMA
Syariah Strategic & Product Sustainability Finance IT Audit & Analytics Group
Fraud Investigation Head
Development Head (Social) Head Head
ADI PURWANTORO
M. YUSUF PRATAMA ABDUL HADI ANDRE HERMAWAN
Syariah & CREM Operational
& Control Head
YATNO SUKENDAR
Catatan: Direktur
68 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
Board of Directors Committe
Integrated Risk
IT Steering Asset & Risk Management
Management
Committee Liability Committee Committee
COMPANY PROFILE
Committee
Sustainability Real Estate Steering
HR Committe
Committee Committee
DISCUSSION & ANALYSIS
Compliance Director Finance Director
RITA MIRASARI MULJONO TJANDRA
MANAGEMENT
Regulatory Compliance & Head of Financial Shared Services
OPERATIONAL REVIEW
Financial Planning Head
Advisory Head Corporate Secretary Head
ERWINDA WIJAYA
PALUPI A. IBRAHIM HENDY D. WONG RATNA S. HALIEM
Regulatory Compliance & Head of Legal Counsel
BPS Head Procurement Head
Assurance Head SATYO HARYO
SUSAN TEDJADINATA ANNEKE THIOFANNY
LIE CHEN WIBISONO
Head of Financial Tax Planning &
Financial Controller
Crime Compliance Strategy Head
THERESIA A. WIDJAJA
RATIH DAMAYANTI YUSDIAN FARADIANA
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 69
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COMPANY
PROFILE
ORGANIZATIONAL STRUCTURE
PT Bank Danamon Indonesia Tbk
December 2023
Annual General
Meeting of Shareholders
Syariah Supervisory Board of
Board Commissioners
President Director
Integrated Corporate
DAISUKE EJIMA
Governance
Nomination & Corporate
Risk Monitor
Audit Committee Remuneration Governance
Committee
Committee Committee
Risk Management Director
DADI BUDIANA
Chief Human Capital
EVI DAMAYANTI
Talent Acquisition, Employer Employee & Industrial Rela-
Sr. Credit Risk Officer - Portfolio, Policy & Market Liquidity
Branding, Performance & tions, HC FOR & Governance
Enterprise Banking Analytics Head Risk Head
Culture Head Head
ANDRE S. SUDJONO RUSMIN BASUKI ARI PRIYATNA
WIDYARINI UTAMI ABDUL HADI
Organization Development, Sr. Credit Risk Officer - Credit & Enterprise Information Risk
Learning, Engagement &
Talent Management & HC Enterprise Banking Risk Management Head Management Head
Corporate University Head
Enabler Head NG SUWITO MULJANA ENRIKO SUTARTO RONY I. KUSTENDRO
CHRISTIAN TANUWIJAYA
MAIZA D. YANTI
Sr. Credit Risk Officer - Risk Modeling, Quant.
HC Business Partner & ORM, Fraud & QA Head
Rewards Head EB Remedial Tech. & Analytics Head
HC Region Head FILIPUS SUWANDI K.
ROY F. PERMANA SHEKY LEMASOA DWI SUSIYANTO
NESLIE C. WAROUW
HC Shared Services &
Digital Head
RONNY ISWARA
70 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
Board of Directors Committe
Integrated Risk
IT Steering Asset & Risk Management
Management
Committee Liability Committee Committee
COMPANY PROFILE
Committee
Sustainability Real Estate Steering
HR Committe
Committee Committee
DISCUSSION & ANALYSIS
Global Alliance
Strategy Director
NAOKI MIZOGUCHI
MANAGEMENT
Executive Officer Business
Chief Strategy Officer
Collaboration
REZA ISKANDAR
TOSHIYA SHOBAYASHI
Financing Partnership & Corp. Planning & Investor
OPERATIONAL REVIEW
Innovation Manager Relations Head
HENDRY SUNARYO YOGI Z. ARIEF
Payment Partnership & Head of Agile
Innovation Manager Transformation
ELISA M. HALIM VIVIAN WIDJAJA GOVERNANCE
Corporate
Global Strategy Manager
CORPORATE
Development Head
EDWARD F. MARBUN
VACANT
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 71
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COMPANY
PROFILE
ORGANIZATIONAL STRUCTURE
PT Bank Danamon Indonesia Tbk
December 2023
Annual General
Meeting of Shareholders
Syariah Supervisory Board of
Board Commissioners
President Director
Integrated Corporate
DAISUKE EJIMA
Governance
Nomination & Corporate
Risk Monitor
Audit Committee Remuneration Governance
Committee
Committee Committee
Wakil Direktur Utama
HONGGO WIDJOJO
KANGMASTO
Enterprise Banking & Financial
Institution Director
THOMAS SUDARMA
Treasury & Capital
Market Head
HERMAN SAVIO
Balance Sheet Mgt & Capital Treasury Retail & SME Sales EB Business Head
EB Business Head (Jakarta 1)
Market Head Head (Sulawesi & Kalimantan
ROBERTO TRIO
DANU KRISNA ELY KUSTONO SONNY GUNAWAN
EB Business Head
Trading Head Treasury EBFI Sales Head EB Business Head (East Java
(Jakarta 2)
AUDY P. I. LUBIS MEIDAWATI TAN ELMI CHRISTINA
ADELINE INGGRISARI
EB Business Head
Treasury Business Support EB Business Head (West &
Chief Economist (Jakarta 3)
Head Central Java
WISNU WARDANA MUHAMMAD
SURYANTO FLINT INDRAWAN
A. FATCHUR
Treasury Sales only
72 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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Board of Directors Committe
Integrated Risk
IT Steering Asset & Risk Management
Management
Committee Liability Committee Committee
COMPANY PROFILE
Committee
Sustainability Real Estate Steering
HR Committe
Committee Committee
DISCUSSION & ANALYSIS
MANAGEMENT
Transaction Banking Head
ANDREW
OPERATIONAL REVIEW
SUHANDINATA
EB Business Management TB Client Service &
EB Business Head (Sumatera) TB Sales Head
Head Implementation Head
DANNY SUHERMANTO EDY SUPRIYANTO
HASAN YU JAYA S. RIDWAN (PJS)
EB Business Head TB Strategy, Analytics & Risk
EB Business Analyst Head TB Sales Head
(Origination & Collaboration) Management Head
IFONNE MULJADI TJHIU FEN
GUNAWAN TE ANTONIUS H. DANANG
GOVERNANCE
CORPORATE
EB Business Head TB Digital & Customers
EB Business Analyst Head TB Product Head
(MNC) Experience Head
WIDIANTO OSADI MARGARET TJAHJONO
ANDI S. WAHDI INDRADI PATMAWIDJAJA
Financial Institutions Head
MARGARETHA SHERLY
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 73
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COMPANY
PROFILE
ORGANIZATIONAL STRUCTURE
PT Bank Danamon Indonesia Tbk
December 2023
Annual General
Meeting of Shareholders
Syariah Supervisory Board of
Board Commissioners
President Director
Integrated Corporate
DAISUKE EJIMA
Governance
Nomination & Corporate
Risk Monitor
Audit Committee Remuneration Governance
Committee
Committee Committee
Vice President Director
HONGGO WIDJOJO
KANGMASTO
Chief Information Technology
& Operations Officer
YENNY SISWANTO
IT Production &
IT Strategy & Enterprise
IT Enterprise Banking & Infrastructure Centralized & Share Services
Architecture Solutioning
Internal Solutions Head Management Head Operations Head
Head
ANTONY TAN GEMILANG BAYU PRASETYANTO
HARY SUTEDJA
MADYAKUSUMA
Operation Control & Policy
IT Consumer & SME Digital & BPR, PPM, Control & IT Cyber Security Head
Head
Front End Solutions Head Compliance Head ABRIANTO ASCEIN
CHARLES N.
REISAN LESMANA SABRINA R. AZHAIRIE GULTOM (PJS)
SITUMORANG
IT Core Systems Integration, IT Business Partner & Operation Reporting &
Loan & Trade Operation Head
Risk, Data & Reporting Head Analyst Head Development Head
JULIANDO MENACHEM
BONDAN MULIAWAN FIRDODY I. FAIRAHMAD SURYASTRY
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Board of Directors Committe
Integrated Risk
IT Steering Asset & Risk Management
Management
Committee Liability Committee Committee
COMPANY PROFILE
Committee
Sustainability Real Estate Steering
HR Committe
Committee Committee
Vice President Director
DISCUSSION & ANALYSIS
HAFID HADELI
MANAGEMENT
OPERATIONAL REVIEW
SME Business Head Branch Network Head Chief Marketing Officer
AGUS PRATAMA EKA DINATA LILY P. FOENG
Consumer Lending Business
Customer Experience Head
Head
MIREILLE MAKMUR
REZA P. RUSLY
Consumer Funding & Wealth Service Excellence &
Business Head Customer Care Head
GOVERNANCE
IVAN A. JAYA KRISTIANI SIWI P
CORPORATE
Business Operational Risk &
Chief Digital Officer
Control Head
ANDREAS KURNIAWAN
HUMILO FELONA
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 75
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BOARD OF COMMISSIONERS
PROFILE
YASUSHI ITAGAKI
President Commissioner
Japanese Citizen. the General Manager of the Global Planning Division
59 years old. Domiciled in Japan. where amongst his many roles, he was responsible
for strategic planning in support of the Bank’s global
Legal Basis of Appointment expansion. Over the course of his career with the firm,
Appointed as President Commissioner in the Annual Itagaki has held a number of important roles with
General Meeting Shareholders on 31 March 2023. increasing levels of responsibility. Itagaki was based
in Singapore from 2013 to 2015 where he set up the
Qualifications/Education Background Bank’s regional headquarters for Asia & Oceania and
Graduated with a Bachelor of Laws degree from Kyoto assisted the Regional CEO in developing and executing
University in 1987. key strategic initiatives for the region.
Work Experiences Among the many important contributions of Itagaki
Currently, Itagaki is the Senior Managing Corporate to the development of MUFG’s business platform,
Executive, Group Chief Operating Officer-International he designed grand picture and strategized ASEAN
(COO-I), Group Head of Global Commercial Banking commercial banking network. Throughout his career
(GCB) Business Group - Mitsubishi UFJ Financial Group. at MUFG, Itagaki has played a significant role in the
Inc (June 2023 - present) and a member of the Board strategic partnership into Krungsri Bank, Security Bank,
of Directors, Deputy President (Representative of the Vietin Bank, and Danamon in ASEAN region. Other
Board of Directors), Chief Executive of GCB Business leadership positions held by Itagaki included Chief
Unit, COO-I - MUFG Bank. Ltd. (June 2023 – present). Manager of the Global Planning Division of MUFG Bank,
where he was involved in the privatization of Union
Previously, Itagaki served as President Director Bank of California and led the execution process of
(October 2019 - March 2023) and Director (March MUFG’s strategic investment in Morgan Stanley during
2018 – October 2019) of PT Bank Danamon Indonesia the global financial crisis. Itagaki began his career with
Tbk. Itagaki served as the Managing Executive Officer the Bank of Tokyo in 1987.
and Deputy Chief Executive of the Global Commercial
Banking Business Unit of MUFG Bank and Executive
Officer of MUFG. Prior to his position above, Itagaki was
76 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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MANAGEMENT REPORT
COMPANY PROFILE
HALIM ALAMSYAH
Vice President Commissioner (Independent)
DISCUSSION & ANALYSIS
Indonesian Citizen. Previously, Halim Alamsyah served as Independent
66 years old. Domiciled in Indonesia. Commissioner PT Bank Danamon Indonesia Tbk
MANAGEMENT
(August 2021 – March 2023) and Advisor Prudential
Legal Basis of Appointment Sharia (2021 – 2023).
Appointed as Vice President Commissioner
(Independent) in the Annual General Meeting Halim Alamsyah is a well-known and well-respected
Shareholders on 31 March 2023. individual in the regulatory area of the Indonesia
financial industry. He was trusted by the Government of
Qualifications/Education Background Indonesia as Chairman Commissioner of the Indonesia
Doctoral Degree (S3) University of Indonesia, Finance Deposit Insurance Corporation (Lembaga Penjamin
OPERATIONAL REVIEW
(2004 - 2008), Master of Arts in Development Economics Simpanan/LPS) (September 2015 - September 2020).
(S2), Boston University, USA (1983 - 1985), Bachelor In view of his extensive experience in Bank Indonesia
Degree (S1) University of Gadjah Mada, Indonesia, and his excellence performance, Halim Alamsyah was
Faculty of Law (1976 - 1981) and Bachelor Degree appointed by the President of the Republic of Indonesia
(S1) University Islam Indonesia, Faculty of Economic and Indonesia House of Representative to carry out the
Management (1975 - 1980). mandate as Deputy Governor of Bank Indonesia (June
2010 - June 2015). In 1982, Halim Alamsyah started
Work Experiences his career at Bank Indonesia as a Credit Analyst at
Currently, Halim Alamsyah serves as President the Cooperative Credit. He later dedicated himself in
Commissioner PT Indosat Tbk (December 2021 - the economic and monetary research for more than
present), Audit Committee Member PT Sinar Mas two decades, prior to his assignment as Head of the
GOVERNANCE
Multiartha Tbk (2021 - present) and Expert in Finance Governor’s Bureau of Bank Indonesia in 2000.
CORPORATE
and Sharia Finance at the Ministry of Finance of the
Republic of Indonesia (October 2020 – present).
CORPORATE DATA
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BOARD OF COMMISSIONERS PROFILE
NOBUYA KAWASAKI
Commissioner
Japanese Citizen. Deputy Head of Global Commercial Banking Planning
51 years old. Domiciled in Japan. Division MUFG Bank, Ltd (August 2019 – March
2021), Managing Director of Global Commercial
Legal Basis of Appointment Banking Planning Division MUFG Bank Ltd, Singapore
Appointed as Commissioner of Company in the (August 2018 - August 2019), Managing Director of
Extraordinary General Meeting of Shareholders on 1 Planning Division for Asia & Oceania MUFG Bank, Ltd,
October 2019. Reappointed as Commissioner at the Singapore (September 2013 - August 2018), Managing
Annual General Meeting of Shareholders on 31 March Director, Vice President Mitsubishi UFJ Morgan Stanley
2023. Securities, Japan (October 2006 - September 2013)
and was one of the founding members of the Credit
Qualifications/Education Background Portfolio Management Division the Bank of Tokyo
Bachelor of Mechanical Engineering Keio University and Mitsubishi Ltd, Japan (October 2005 - October 2006).
Master of Mechanical Engineering Keio University.. Kawasaki was in charge of securitization business at
Mitsubishi Securities, Japan, (October 2002 - October
Work Experience 2005). Kawasaki had a career in the Associate Product
Kawasaki is a Managing Director, Mitsubishi UFJ Bank Development Division the Bank of Tokyo Mitsubishi Ltd,
Kawasaki is Executive Officer, Deputy Group Head of Japan (September 1998 - October 2002) and Associate
Global Commercial Banking Business Group, MUFG Marunouchi Branch the Bank of Tokyo Mitsubishi Ltd,
Bank, Ltd (April 2023 – present). Japan (April 1997 - September 1998).
With over 20 years of experience at MUFG Bank,
Kawasaki has developed strong M&A and Investment
banking expertise. Kawasaki served as Executive Officer
and Managing Director, Head of Global Commercial
Banking Planning Division, MUFG Bank, Ltd (April
2021 – March 2023) responsible for developing,
communicating, executing, and sustaining inorganic
strategic initiatives. He served as Managing Director,
78 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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DAN HARSONO
Commissioner
DISCUSSION & ANALYSIS
Thai Citizen. Inc (Philippines) (January 2021 - present), Senior Advisor
63 years old. Domiciled in Thailand. and/or M&A Specialist at Bank of Ayudhya Public
MANAGEMENT
Company Limited (January 2021 - present), Director Pak
Legal Basis of Appointment Sabai Co., Ltd (January 2020 - present).
Appointed as Commissioner of Company in the Annual
General Meeting of Shareholders (AGMS) on 30 April He has extensive experience in the business
2021. Reappointed as Commissioner in the AGMS on management and financial services area. Dan Harsono
31 March 2023. previously held the position of Director of Aetna Health
Insurance (Thailand), PCL, (May 2022 – February 2023)
Qualifications/Education Background and also has experience as Chairman of Hatta Bank
OPERATIONAL REVIEW
Master of Business Administration (MBA) in Finance PLC (September 2016 - December 2022). Dan Harsono
and Marketing from Indiana University, Bloomington, also has held various important positions at the Bank
IN, USA (1984) and bachelor’s Degrees with Honors in of Ayudhya PCL (Krungsri), namely: Chief Marketing
Electrical Engineering and Biomedical Engineering from Officer, Head of Marketing and Cross Sell, Head of
the University of Southern California in Los Angeles, Marketing and International Business Development,
California (1982). Head of Marketing and Branding, and Head of Retail
and Consumer Banking. Before joining Bank of Ayudhya
Work Experience PCL (Krungsri), Dan Harsono worked at GE Money
Currently, Dan Harsono serves as Commissioner of Asia Regional Office in Bangkok, Thailand, with his
PT Home Credit Indonesia (October 2023 – present), last position as Chief Marketing Officer. Dan Harsono
Advisor Hatta Bank Public Company Limited (Januari successfully managed GE Capital Thailand during the
GOVERNANCE
2023 – present), Chairman of HC Consumer Finance financial crisis ‘Tom Yam Gung’ in 1997 - 2001.
CORPORATE
Philippines, Inc. (June 2023 – present), Chairman of
Member Council SHBank Finance Co., Ltd. (Vietnam)
(May 2023 - present), Director of Alliance Ayudhya
General Insurance PCL (AAGI) (March 2023 – present),
Director Allianz Ayudhya Assurance PCL (AZAY) (January
2022 - present), Advisor MUFG Bank, Ltd (April 2021 -
present), Advisor Krungsri Leasing Service Co., Ltd.
(January 2021 - present), Advisor SB Finance Company,
CORPORATE DATA
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BOARD OF COMMISSIONERS PROFILE
PETER BENYAMIN STOK
Independent Commissioner
Indonesian Citizen. Previously he served as the President Commissioner
74 years old. Domiciled in Indonesia. of PT Bank Negara Indonesia (Persero) Tbk (2009 –
2015), Commissioner of Bank Permata (2008 -2009),
Legal Basis of Appointment President Director of PT Bank Niaga Tbk (now PT Bank
Appointed as Independent Commissioner of Company CIMB Niaga Tbk) (2000 – 2006). He served as President
in the Annual General Meeting of Shareholders (AGMS) Director Bank Dagang Negara (1999 – 2000), He served
on 20 March 2018. Reappointed as Independent as President Commissioner of PT Bank Danamon
Commissioner in the AGMS on 31 March 2023. Indonesia Tbk (1998 – 1999), Vice President Director
Bank Pelita (1997 – 1998), Vice President Director (1994 –
Qualifications/Education Background 1997) and Director (1991 – 1994) PT Bank Niaga Tbk
Bachelor of Economic from University of Padjadjaran, (now PT Bank CIMB Niaga Tbk). He started his banking
Bandung, Indonesia. career as a management trainee, and he rose rapidly
to assume important roles in several prominent banks.
Work Experience
Peter Benyamin Stok is a renowned banker with over
four decades of extensive experience in the banking
industry. His proficiency in managing and supervising
banks through various business cycles, has enabled him
deliver value creation and valuable contributions not
only to the banks he worked for, but also to the banking
industry as a whole. His strong leadership and ability
to bring a harmonious working relationship amongst
stakeholders, has earned him a lot of admiration and
respect. He joined to the team of OJK’s prestigious ‘Fit
and Proper Test’ panel that interviews candidates for
Banking Commissioner and Director roles (2016 – 2018).
This is an important assignment, which determines the
leadership and future of Indonesian banking industry.
80 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HEDY MARIA HELENA LAPIAN
Independent Commissioner
DISCUSSION & ANALYSIS
Indonesian Citizen. (April 2016 - April 2020), Independent Commissioner
65 years old. Domiciled in Indonesia. of PT Asuransi Tokio Marine Indonesia (October
MANAGEMENT
2015 - March 2016), Director SRO (covering credit
Legal Basis of Appointment risk and risk management) of Bank DBS Indonesia
Appointed as Independent Commissioner of Company (May 2014 - August 2014), Risk Management Director
in the Extraordinary General Meeting of Shareholders of PT Bank Internasional Indonesia Tbk (July 2010 -
on 26 November 2020. Reappointed as Independent March 2014). She served as Commercial Director of
Commissioner in the Annual General Meeting of PT Bank Barclay Indonesia (January 2009 - June 2010)
Shareholders on 31 March 2023. with primary responsibility to set up and start the
Corporate, Commercial, SME, Financial Institution,
OPERATIONAL REVIEW
Qualifications/Education Background Trade and Cash Management units for the newly set
Holds MBA from Joseph M. Katz Graduate School up Bank. Prior to Barclays, she was the Country Head,
of Business University of Pittsburgh, USA, 1983 and Corporate and Institutional Banking at ABN Amro Bank
bachelor’s degree in management, Parahyangan N.V., (September 2007 - December 2008). Then she
Catholic University Bandung, 1977. served as Director & CFO of PT AIG Life (2001 - 2006),
at the time the insurance company with the largest
Work Experience profits in Indonesia. She served as Managing Director
Currently, Hedy Lapian also serves as Independent of Corporate and Investment Banking of PT Bank
Commissioner of PT Supra Boga Lestari Tbk (May 2022 Internasional Indonesia Tbk (March 2000 - December
- present). 2001), Director American Express Bank (1994 – 2000).
GOVERNANCE
CORPORATE
She also served on several non-executive positions in
Before joining the Company, Hedy Lapian served as ING Indonesia Bank, American Express TRS, Standard
Crisis Management Advisor (April 2020 – June 2020) and Chartered Bank and Bank of Trade, San Francisco.
Human Resources Director of PT Bank CIMB Niaga Tbk
CORPORATE DATA
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BOARD OF DIRECTORS
PROFILE
DAISUKE EJIMA
President Director
Japanese Citizen. Before relocating to Indonesia, Ejima was a Deputy
55 years old. Domiciled in Indonesia. General Manager of Corporate Banking Division for
Asia & Oceania since March 2015. Based in Singapore,
Legal Basis of Appointmnent he was responsible for the promotion of corporate
Appointed as President Director Company at the Annual banking business with global and regional clients in
General Meeting Shareholders on 31 March 2023. Southeast Asia and Oceania region.
Qualifications/Education Background Ejima is an experienced corporate banker who has held
Bachelor of Economics, University of Tokyo, Japan roles in both Japanese and Global Corporate Banking.
(1991), Master of Business Administration, University After honing his expertise in the Japanese Corporate
of Michigan’s Ross School of Business, Amerika Serikat Banking Group of The Bank of Tokyo Mitsubishi’s New
(2001). York Branch in the early 2000s, Ejima moved to the U.S.
Corporate Banking Group, where he continued to be
Work Experience based in New York. Before Ejima began his assignment
Currently, Ejima also serves as President Commissioner in Singapore in March 2015, he was the Head of Global
of PT Adira Dinamika Multi Finance Tbk (April 2023 – HR Office at the bank’s headquarters in Tokyo from
present). 2013 to 2015.
Before joining the Company, Ejima was appointed and Ejima began his banking career in 1991 with The
served as the Regional Executive for MUFG Bank in the Mitsubishi Bank, Ltd. He briefly left the Bank to
Asia Pacific region. Ejima was responsible for MUFG’s serve as Section Chief of Japan’s Ministry of Finance’s
entire Asia businesses and operating platforms across International Research Department, Custom & Tariff
18 markets in the region and was based in Singapore. Bureau. He re-joined The Bank of Tokyo-Mitsubishi,
Prior to this appointment, he was the Country Head of Ltd. as Manager of the Industry Research Department
Indonesia for MUFG Jakarta Branch, a role he assumed within the Research Division.
in January 2018 - 2022. Under his stewardship, MUFG
was able to raise its profile as one of the largest Roles and Responsibilities
foreign banks in Indonesia while deepening business Ejima Leads the Board of Director the Company and
performance and operational resilience. oversees the Bank’s overall business and operations.
82 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
HONGGO WIDJOJO KANGMASTO
Vice President Director
DISCUSSION & ANALYSIS
Indonesian Citizen. He spent 6.5 years at PT Bank Mandiri (Persero) Tbk
57 years old. Domiciled in Indonesia. (2000 - 2006). He was given responsibility in the areas
MANAGEMENT
of Distribution & Network and Commercial Banking
Legal Basis of Appointmnent with latest position as EVP Coordinator and Board of
Appointed as Vice President Director of Company at Management of PT Bank Mandiri (Persero) Tbk. He
the Extraordinary General Meeting of Shareholders on was also assigned as Commissioner of PT Mandiri
1 October 2019. Reappointed as Vice President Director Sekuritas (2003 - 2006). Previously as VP and Head of
at the Annual General Meeting of Shareholders on 31 Corporate Banking PT Bank International Indonesia
March 2023. Tbk (1996 - 2000) and PT Bank Central Asia Tbk with
latest position as Head of Regional Credit Department
OPERATIONAL REVIEW
Qualifications/Education Background (1988 - 1996).
Graduated with a bachelor’s degree from Sam
Ratulangi State University majoring in Social Economics Roles and Responsibilities
of Fisheries in 1988 and received his MBA degree from Wholesale Banking Group (Enterprise Banking &
Royal Melbourne Institute of Technology in 1994. Financial Institution, and SME), Transaction Banking,
Treasury Sales, IT, Operations.
Work Experience
Honggo is a seasoned banker with 35 years of
experience and has numerous knowledge in the
banking and financial industry. He has served as
President Commissioner at PT Bank DKI (2015 - 2018),
GOVERNANCE
President Commissioner of PT Pembangunan Jaya Ancol
CORPORATE
Tbk (2016 - 2017), Managing Director in charge of IT and
Operations PT Bank Negara Indonesia (Persero) Tbk
(2010 – 2015), Managing Director Wholesale Banking
of PT Bank Permata Tbk (2008 - 2010) and Managing
Director PT Indofood Sukses Makmur Tbk (2006 – 2007).
CORPORATE DATA
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BOARD OF DIRECTORS PROFILE
HAFID HADELI
Vice President Director
Indonesian Citizen Hafid has more than 38 years of experiences in the
60 years old. Domiciled in Indonesia. financial and banking industry. Before joining PT Adira
Dinamika Multi Finance Tbk, Hafid served in various
Legal Basis of Appointment important positions at several companies, namely as
Appointed as Vice President Director of Company at the Director of PT Broadband Multimedia Tbk (2002 - 2005),
Annual General Meeting of Shareholders (AGMS) on 25 Vice President Director of PT Bank Lippo Tbk (2001 -
March 2022. Reappointed as Vice President Director at 2002), various senior positions at Citibank, N.A., Jakarta
the AGMS on 31 March 2023. (1988 - 2001) and as Auditor at Arthur Andersen & Co.
(1985 - 1988).
Qualifications/Education Background
Bachelor of Economic in Accounting from Trisakti Roles and Responsibilities
University in 1988. Consumer Banking Group and Branch Network business
and supervision PT Adira Dinamika Multi Finance Tbk.
Work Experiences
Currently, Hafid also serves as Commissioner of
PT Adira Dinamika Multi Finance Tbk (October 2022 -
present).
Previously, Hafid served at PT Adira Dinamika Multi
Finance Tbk as President Director and Compliance
Director (May 2017 – March 2022), Director of Marketing
and Financing (2012 - 2017), Director of Car Marketing
and Financing (2010 - 2012), Director of Finance and
Corporate Secretary (2006 - 2010).
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MANAGEMENT REPORT
COMPANY PROFILE
HERRY HYKMANTO
Director
DISCUSSION & ANALYSIS
Indonesian Citizen. Roles and Responsibilities
55 years old. Domiciled in Indonesia. Sharia Banking, SME Credit, Sustainable Finance,
MANAGEMENT
Corporate Real Estate Management (CREM)
Legal Basis of Appointment
Appointed as Director of Company at the Annual
General Meeting of Shareholder (AGMS) on 3 April
2008. Reappointed as Director at the AGMS on 31
March 2023.
Qualifications/Education Background
OPERATIONAL REVIEW
Obtained Bachelor degree from Padjadjaran University,
Bandung.
Work Experiences
Joined the Company as Head of Transaction Banking In
2003. Previously worked as Senior Cash Management
& Trade Business Development Manager Standard
Chartered Indonesia (2000 - 2003), Bank Universal with
his last position as International Operation Head (1992 -
2000). The first Indonesian banker holding international
certification in letter of credit from the International
GOVERNANCE
Chamber of Commerce France in 1998.
CORPORATE
CORPORATE DATA
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BOARD OF DIRECTORS PROFILE
RITA MIRASARI
Director
Indonesian Citizen. Roles and Responsibilities
54 years old. Domiciled in Indonesia. Compliance, Financial Crime Compliance, Corporate
Secretary, Legal, and Litigation.
Legal Basis of Appointment
Appointed as Director of Company at the Extraordinary
General Meeting of Shareholder (EGMS) on 7 September
2016. Reappointed as Director at the Annual General
Meeting of Shareholders (AGMS) on 31 March 2023.
Qualifications/Education Background
Obtained Bachelor of Law from University of Indonesia.
Work Experiences
Before joining the Company, served as Director
Regulatory Compliance & Financial Crime Compliance
at The Hongkong Shanghai Banking Limited (HSBC
Indonesia) (2013 - 2016), Director Legal, Compliance,
and Corporate Secretary at PT Bank Internasional
Indonesia Tbk (now PT Bank Maybank Indonesia
Tbk) (2009 - 2013), Director Country Compliance
Representative at ABN AMRO Bank NV Indonesia (2006
– 2009) and Compliance Director, Country Head Legal
& Compliance at Standard Chartered Bank Indonesia
(1998 - 2006). Rita started her banking career in 1991.
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DADI BUDIANA
Director
DISCUSSION & ANALYSIS
Indonesian Citizen. He started his career as Management Trainee at
58 years old. Domiciled in Indonesia. PT United Overseas Bank Bali in 1992 and moved to
MANAGEMENT
PT Bank Modern Tbk with the last position as Investment
Legal Basis of Appointment Banking Team Leader in 1994.
Appointed as Director at the Annual General Meeting of
Shareholders (AGMS) on 20 March 2018. Reappointed Roles and Responsibilities
as Director at the AGMS on 31 March 2023. Risk Management
Qualifications/Education Background
Obtained a Bachelor of Arts in Economics from
OPERATIONAL REVIEW
Binghamton University, USA.
Work Experiences
Joined the Company in 2017. Previously worked at
HSBC Group including President Commissioner of PT
HSBC Securities Indonesia since 2016, Chief Risk Officer
of PT Bank Ekonomi Raharja Tbk since 2014, Head of
Corporate Banking and also as member in the various
Board-level committees in PT Bank Ekonomi Raharja
Tbk since 2010, Credit Risk Management Consultant in
PT Bank Ekonomi Raharja Tbk in 2009 and hold various
GOVERNANCE
senior roles such as Senior Vice President in Business
CORPORATE
Banking, Human Resources, Global Banking, Credit Risk
Management in HSBC Indonesia in 1998.
CORPORATE DATA
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BOARD OF DIRECTORS PROFILE
MULJONO TJANDRA
Director
Indonesian Citizen. Roles and Responsibilities
58 years old. Domiciled in Indonesia. Finance
Legal Basis of Appointment
Appointed as Director of Company in the Extraordinary
General Meeting of Shareholders (EGMS) on 1 October
2019. Reappointed as Director at the Annual General
Meeting of Shareholders (AGMS) on 31 March 2023.
Qualifications/Education Background
Obtained bachelor’s degree in accounting from Trisakti
University, Jakarta and Certified Public Accountant
(CPA), Indonesia.
Work Experiences
Previously Muljono was Finance Director in PT Bank
UOB Indonesia (2015 – 2019) and Finance Director in
PT Asuransi Adira Dinamika Tbk (2012 – 2015). Muljono
joined the Company (2003 – 2012) with his last position
as Head of the Financial Accounting and Tax. Muljono
also worked for Public Accountant Firms of PwC and
KPMG (Indonesia and Australia) (1990 – 2003).
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COMPANY PROFILE
NAOKI MIZOGUCHI
Director
DISCUSSION & ANALYSIS
Japanese Citizen. Naoki started his career in banking when he joined
51 years old. Domiciled in Indonesia. MUFG Bank in 1995 as an Associate in charge of
MANAGEMENT
Operations, Retail Banking, and SME Banking and was
Legal Basis of Appointment later assigned to New York as Associates in charge of
Appointed as Director of the Company in the Treasury Sales and Trading in 1999. Then promoted as
Extraordinary General Meeting of Shareholders (EGMS) Vice President in charge of Corporate Banking in 2002.
on 1 October 2019. Reappointed as Director in the
Annual General Meeting of Shareholders (AGMS) on 31 Roles and Responsibilities
March 2023. Global Alliance Strategy
OPERATIONAL REVIEW
Qualifications/Education Background
Obtained Bachelor of Economics from Keio University
(1995) and Master of Science in Management from
Stanford Graduate School of Business (2014).
Work Experiences
Naoki joined the Company since October 2018 as Global
Collaboration Senior Consultant. Previously assigned by
MUFG Bank several strategic planning roles, including
Managing Director of Global Planning in Tokyo (2014 -
2018), Director of Regional Planning in London (2010
GOVERNANCE
- 2013) and Director of Corporate Planning in Tokyo
CORPORATE
(2006 - 2010).
CORPORATE DATA
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BOARD OF DIRECTORS PROFILE
THOMAS SUDARMA
Director
Indonesian Citizen. Thomas has more than 25 years of experiences in the
56 years old. Domiciled in Indonesia. banking industry. Before joining Company, Thomas
joined Bank HSBC with his latest position as Head of
Legal Basis of Appointment Corporate Banking (2015 - 2018). Thomas also had a
Appointed as Director of Company in the Annual career at CIMB Niaga where he served as the Head of
General Meeting of Shareholders (AGMS) on 25 March Corporate Banking (2012 - 2014) and Head of Trade
2022. Reappointed as Director at the AGMS on 31 Finance (2012 - 2013).
March 2023.
Roles and Responsibilities
Qualifications/Education Background Enterprise Banking and Financial Institution.
MBA in Marketing & Finance, California State University,
Los Angeles, California (1995) and Bachelor of Science
in Finance, Portland State University, Portland, Oregon
(1990).
Work Experiences
Head of Enterprise Banking and Financial Institution
(EBFI) of Company since 2019. While leading the EBFI
business, Thomas has been an instrumental leader
in delivering business results as well as developing
internal capabilities.
90 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
SHARIA SUPERVISORY BOARD
PROFILE
MANAGEMENT REPORT
COMPANY PROFILE
PROF. DR. H.M. SIRAJUDDIN SYAMSUDDIN, MA
Chairman of Syariah Supervisory Board
DISCUSSION & ANALYSIS
Indonesian Citizen. MUI Advisory Council (2015 - 2020), Member of the
65 years old. Domiciled in Indonesia. Leadership Council of the United Nation Sustainable
MANAGEMENT
Development Solutions Network (2015 – 2020), Co-
He has been serving as Chairman of Syariah Supervisory President World Conference of Religions for Peace
Board, Syariah Business Unit the Company since 2002 (WCRP) (2006 - 2020), Chairman of the World Peace
and reappointed with the same position in the Annual Forum (WPF) (2006 - 2020), General Chairman of PP
General Meeting of Shareholders on 31 March 2023. Muhammadiyah (2005 - 2015) and President of the
Asian Conference on Religions for Peace (ACRP) (2004 –
Qualifications/Education Background 2021).
He earned his Bachelor degree from IAIN Syarif
OPERATIONAL REVIEW
Hidayatullah, Jakarta (1979), and earned his M.A. (1988)
and Ph.D from the University of California Los Angeles
(UCLA), USA (1991).
Work Experiences
He is Professor of Islamic Politics, UIN Jakarta. Member
of the advisory board member of the King Abdulaziz
International Center for Interfaith and Intercultural
Dialogue (KAICIID) (2015 - present), Founder and
Chairman of the Center for Dialogue and Cooperation
among Civilizations (2007 – present), Member of
GOVERNANCE
the Group for Strategic Vision Russia - Islamic World
CORPORATE
(2006 - present), Special Envoy of the President of the
Republic of Indonesia for Interfaith and Intercultural
Dialogue and Cooperation (2017 - 2018), Chairman of
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 91
Page 94
COMPANY
PROFILE
SHARIA SUPERVISORY BOARD PROFILE
DR. HASANUDIN, M. AG.
Member of Sharia Supervisory Board
Indonesian Citizen. Previously, He is was a Deputy Chairman of the Daily
Domiciled in Indonesia. 62 years old. Implementation Board (BPH) National Sharia Council
MUI (2015 - 2020), Working Team Member KPJKS OJK
He has been serving as Member of Sharia Supervisory (2014 - 2016), member of Board of Syari’ah Standard
Board, Sharia Business Unit of the Company since 2002 Accounting (DSAS) - Indonesian Accountant Association
and reappointed with the same position in the Annual (IAI) (2012 - 2016), Chairman and member of SSB at PT
General Meeting of Shareholders on 31 March 2023.3. BNI Sharia Bank (2010 - 2021), Deputy Secretary of the
Daily Implementing Agency (BPH) of the National Sharia
Qualifications/Education Background Council MUI (1999 - 2015) and Secretary of the Fatwa
He earned his Bachelor’s Degree (1989), Master of Commission of Majelis Ulama Indonesia (1997 - 2010).
Religion (M.Ag) (1997) and Doctorate from IAIN Syarif
Hidayatullah, Jakarta (2008).
Work Experiences
Hasanudin serves as Chairman of Sharia Supervisory
Board (SSB) at PT Bank Syariah Indonesia Tbk (2020 -
present), Chairman of SSB PT. Sarana Multigriya
Financial (2018 - present), Chairman of SSB at PT
Trimegah Asset Management (2015 - present) and
Chairman of SSB at Toyota Astra Finance Service
Syariah (2014 - present). He also served as Chairman
of BPH DSN-MUI (2020 - present), member of the
Indonesia Stock Exchange (IDX) Sharia Capital Market
Development Team, Training Instructor organized by
DSN-MUI in sharia banking, sharia Insurance, sharia
financing companies, sharia capital market, and sharia
cooperatives (2015 - present), Deputy Chairman of the
Fatwa Commission of the Indonesian Council of Ulama
(2010 - present) and Lecturer at UIN Syarif Hidayatullah
Post Graduate Program and Institute of Al-Qur’an
Science (IIQ) (2010 - present).
92 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
DR. ASEP SUPYADILLAH, M.AG
Member of Sharia Supervisory Board
DISCUSSION & ANALYSIS
Indonesian Citizen. Previously, he served as a member of Non-Bank
56 years old. Domiciled in Indonesia. Financial Industry National Syariah Council MUI (IKNB
MANAGEMENT
DSN-MUI) (2013 - 2015) and Senior Lawyer at Law Office
He has been serving as Member of Syariah Supervisory of Remy & Partners (2002 - 2015).
Board, Syariah Business Unit of the Company since 2018
and reappointed with the same position in the Annual
General Meeting of Shareholders 31 March 2023.
Qualifications/Education Background
Graduated from IAIN Syarif Hidayatullah Jakarta (1993)
OPERATIONAL REVIEW
and obtained a Master’s Degree in Religion (M.Ag) from
Muhammadiyah University Jakarta (2001), as well as a
Doctoral degree from UIN Syarif Hidayatullah Jakarta
(2020).
Work Experiences
Asep is a Syariah Supervisory Board (SSB) with more
than 5 years of experience. Asep serves as SSB member
of PT Fintek Karya Nusantara (Link Aja Syariah) (2020 -
present), Chairman of SSB PT Asuransi Jiwa Generali
Indonesia (Syariah Business Unit) (2017 - present)
GOVERNANCE
and Chairman of SSB PT Capital Life Syariah (2016 -
CORPORATE
present). Asep also served as the Deputy Secretary of
Daily Implementation Board (BPH) National Syariah
Council MUI (2015 - present) and Lecturer at the Faculty
of Religion of Muhammadiyah University of Jakarta
(2008 - present).
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 93
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COMPANY
PROFILE
INDEPENDENT PARTIES
PROFILE
ZAINAL ABIDIN
Independent Party
Indonesian citizen. Bank Supervision/Examination and MSME Development
68 years old. Domiciled in Indonesia. (2012 - 2013), Director at the Directorate of Accounting
and Payment Systems (2012), Senior Researcher in
Served as an Independent Party of the Company as a The Banking Regulation and Central Banking Studies
member of the Risk Oversight Committee, member of (2008 - 2012), Director at The Directorate of Bank
the Audit Committee and member of the Integrated Supervision and Examination (2007 - 2008), Deputy
Governance committee since 2020. Director/Head of Dealing Room/Head of Foreign
Exchange and Exchange Rate Management Bureau at
Qualifications/Education Background the Directorate of Foreign Exchange Management
He obtained his Bachelor of Economics, Airlangga (2001 - 2007) and Deputy Director at the Directorate of
University (1989) and Master of Arts (MA) in Bank Supervision and Examination (2001).
Development Economics, Williams College,
Williamstown, Massachusetts, USA (1989). He is also
certified Chartered Accountant (CA – Indonesia).
Work Experiences
Zainal serves as Independent Commissioner at PT Krom
Bank Indonesia Tbk (September 2022 – present).
He served as President Commissioner of PT Artajasa
Pembayaran Elektronis (2017 - 2020) and President
Commissioner of PT Mekar Prana Indah - Bidakara
Group (2014 - 2017). He started his career since 1983
at Bank Indonesia with several positions including
Executive Director at The Department of Credit, Rural
94 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
MAWAR I.R. NAPITUPULU
Independent Party
DISCUSSION & ANALYSIS
Indonesian citizen.
61 years old. Domiciled in Indonesia.
MANAGEMENT
Served as an Independent Party of the Company as
a member Risk Oversight Committee and member of
Audit Committee since 2020.
Qualifications/Education Background
She obtained her bachelor’s degree in accounting,
University of Indonesia (1986) and Master of Business
OPERATIONAL REVIEW
Administration in Finance from Katholieke Universiteit
Leuven, Belgium (1990).
Work Experiences
Currently, Mawar serves as a member of the Supervisory
Board of the Indonesian Public Accountant Institute
(IAPI) (2018 – present) and member of the Association
of Indonesian Audit Committee (2004 - present). She
is also public accountant with the position of Senior
Managing Partner at the public accounting firm Amir
Abadi Jusuf, Aryanto, Mawar & Rekan, member firm of
GOVERNANCE
RSM International (July 1994 – present) and a Lecturer at
CORPORATE
the Accounting Department of the Faculty of Economics
and Business-University of Indonesia (1985 - present).
She was a member of the Association of Indonesia
Curators and Administrators (1999 - 2023).
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 95
Page 98
COMPANY
PROFILE
EMPLOYEE
DEMOGRAPHIC
Head Count as of 31 December 2023 (Consolidated)
Company 2023 2022 2021
Danamon 8,752 8,883 8,773
Adira Finance 17,243 17,301 17,093
Total 25,995 26,184 25,866
Employee Composition based on Organization Level (Consolidated)
Position Level 2023 2022 2021
Top Management & Technical Advisors 24 22 22
Senior Managers 355 360 359
Managers 3,222 3,102 2,983
Officers 7,837 7,760 7,564
Staff 14,557 14,940 14,938
Total 25,995 26,184 25,866
Employee Composition based on Employment Tenure (Consolidated)
Employment Tenure (years) 2023 2022 2021
0-3 7,385 7,842 7,937
3-5 2,023 3,404 3,537
5-10 5,804 4,861 5,171
10-20 8,321 8,077 7,210
>20 2,462 2,000 2,011
Total 25,995 26,184 25,866
96 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
Employee Composition based on Level of Education (Consolidated)
Education Level 2023 2022 2021
Postgraduate 538 505 475
Graduate 18,909 18,780 18,353
Diploma 4,215 4,368 4,532
High School 2,330 2,513 2,503
Middle/Primary School 3 18 3
Total 25,995 26,184 25,866
COMPANY PROFILE
Employee Composition based on Employment Status (Consolidated)
Employment Status 2023 2022 2021
Permanent1) 23,238 22,411 22,509
Non-Permanent2) 2,757 3,773 3,357
Total 25,995 26,184 25,866
DISCUSSION & ANALYSIS
Notes:
1) Permanent employees include permanent employees and employees on probation.
2) Non Permanent Employees include contract workers, trainees, those on honorariums and expatriates. Data does not include outsourced employees.
MANAGEMENT
Employee Composition Table by Gender (Consolidated)
Employee by Gender 2023 2022 2021
Male 17,827 18,121 18,062
Female 8,168 8,063 7,804
OPERATIONAL REVIEW
Total 25,995 26,184 25,866
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 97
Page 100
COMPANY
PROFILE
SHAREHOLDERS
COMPOSITION
7.53%
Shareholders Number of
%
Name Shares
MUFG Bank, Ltd. 9,038,053,192 92.47
2023
(directly & indirectly)
Public 735,499,678 7.53
Total 9,773,552,870 100.00
MUFG Bank, Ltd. Public
(directly & indirectly)
92.47%
BOARD OF COMMISIONERS
No Name Position Number of Shares Percentage
1 Yasushi Itagaki President Commissioner - -
2 Halim Alamsyah Vice Independent Commissioner (Independent) - -
3 Peter Benyamin Stok Independent Commissioner - -
4 Nobuya Kawasaki Commissioner - -
5 Hedy Maria Helena Lapian Independent Commissioner - -
6 Dan Harsono Commissioner - -
BOARD OF DIRECTORS
No Name Position Number of Shares Percentage
1 Daisuke Ejima President Director - -
2 Honggo Widjojo Kangmasto Vice President Director 854,500 0.01%
3 Hafid Hadeli Vice President Director 278,500 0.00%
4 Herry Hykmanto Director 562,956 0.01%
5 Rita Mirasari Director 273,500 0.00%
6 Dadi Budiana Director 571,500 0.01%
7 Muljono Tjandra Director 407,700 0.00%
8 Naoki Mizoguchi Director - -
9 Thomas Sudarma Director 343,500 0.00%
98 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
TOP 20 SHAREHOLDERS AS OF 31 DECEMBER 2023
MANAGEMENT REPORT
Total Shares (%)
No Investor
Owned Shareholding
1 MUFG Bank Ltd 8,940,317,662 91.47
2 UBS AG LONDON BRANCH EQUITIES HOUSE -2140724003 157,000,000 1.61
3 PT GUNA DHARMA 95,846,434 0.98
4 PT CEALMI KHIEZT INDONESIA 56,348,100 0.58
5 BANQUE PICTET AND CIE SA 18,339,800 0.19
COMPANY PROFILE
6 CGS-CIMB SECURITIES (SINGAPORE) PTE LTD 10,596,300 0.11
7 CACEIS BANK, LUXEMBOURG BRANCH/ NEF 10,136,400 0.1
8 JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 9,524,650 0.1
9 JPMCB NA RE - VANGUARD EMERGING MARKETS STOCK INDEX FUND 8,925,000 0.09
10 PT PANIN SEKURITAS 8,735,300 0.09
11 ERIK CHAN 8,270,000 0.08
DISCUSSION & ANALYSIS
12 REKSA DANA INSIGHT INFRA DEVELOPMENT (I-INFRA) 7,465,600 0.08
13 HERMANTO TANOKO 7,035,700 0.07
MANAGEMENT
14 HSBC BROKING SECURITIES (ASIA) LIMITED-CUSTOMER SEGREGATED 6,982,843 0.07
ACCOUNT
15 PT MAHKOTA PERMATA TEGUH 6,600,000 0.07
16 LGT BANK AG - CLIENT ASSETS 6,496,900 0.07
17 STATE STREET BANK-SPDR PORTFOLIO EMERGING MARKETS ETF 5,377,118 0.06
18 JPMCB NA RE-VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL 4,985,200 0.05
OPERATIONAL REVIEW
INTERNATIONAL STOCK MARKET IT II
19 EFENDI 4,928,500 0.05
20 MANULIFE DANA EKUITAS 4,686,100 0.05
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 99
Page 102
COMPANY
PROFILE
MAJORITY & CONTROLLING
SHAREHOLDERS
Mitsubishi UFJ
Financial Group, Inc.
100.00%
MUFG Bank, Ltd. Public
(direct and indirect)
7.53%
92.47% (22,400,000 shares) series A
(9,038,053,192 shares) series B (713,099,678 shares) series B
92.07%
ABOUT MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo
and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40
countries. The Group has about 120,000 employees and offers services including commercial banking, trust banking,
securities, credit cards, consumer financing, asset management, and leasing. The Group aims to “be the world’s
most trusted financial group” through close collaboration among our operating companies and flexibly respond
to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a
better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit
https://www.mufg.jp/english.
100 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
SHARE LISTING
CHRONOLOGY
MANAGEMENT REPORT
Danamon has listed its shares on the Indonesia Stock Exchange in 1989, under the ticker symbol BDMN with
9,773,552,870 shares in circulation, consisting of 22,400,000 Series A Shares and 9,751,152,870 Series B Shares.
Shares not listed in order to comply with Government Regulation (PP) No. 29 of 1999 concerning Purchase of
Commercial Bank Shares amount to 97,735,530 shares in the name of PT Guna Dharma.
The following is the timeline of Danamon’s share listing:
Share Listing Timeline
COMPANY PROFILE
Series A Shares
Shares from Initial Public Offering in 1989 12,000,000
Founders’ shares 22,400,000
Bonus shares from capitalization of additional paid-up capital – capital paid in excess of par value in 1992 34,400,000
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) I in 1993 224,000,000
Bonus shares from capitalization of additional paid-up capital – capital paid in excess of par value in 1995 112,000,000
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) II in 1996 560,000,000
Founders’ shares in 1996 155,200,000
DISCUSSION & ANALYSIS
Shares resulting from stock split in 1997 1,120,000,000
2,240,000,000
MANAGEMENT
Increase in par value to Rp10,000 (full amount) per share through reduction in total number of shares :20
(reverse stock split) in 2001 112,000,000
Increase in par value to Rp50,000 (full amount) per share through a reduction in total number of shares :5
(reverse stock split) in 2003 22,400,000
Total A series Shares as of 31 December 2023 22,400,000
Series B Shares
OPERATIONAL REVIEW
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) III in 1999 215,040,000,000
Shares issued in connection with the Bank’s merger with the former PDFCI in 1999 45,375,000,000
Shares issued in connection with the Bank’s merger with Bank Tiara in 2000 35,557,200,000
Shares issued in connection with the Bank’s merger with 7 other BTO * (Taken-Over Banks) in 2000 192,480,000,000
488,452,200,000
Increase in par value to Rp100 (full amount) per share through reduction in total number of shares (reverse stock :20
split) in 2001 24,422,610,000
Increase in par value to Rp500 (full amount) per share through reduction in total number of shares (reverse stock :5
split) in 2003 4,884,522,000
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) IV in 2009 3,314,893,116
GOVERNANCE
CORPORATE
Shares from limited public offering with pre-emptive rights (rights issue) V in 2011 1,162,285,399
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 101
Page 104
COMPANY
PROFILE
Series B Shares
Shares issued in connection with Employee/Management Stock Option Program (tranche I-III)
-2005 13,972,000
-2006 24,863,000
-2007 87,315,900
-2008 13,057,800
-2009 29,359,300
-2010 26,742,350
-2011 5,232,500
Shares issued in connection with the Bank’s merger with PT Bank Nusantara Parahyangan Tbk in 2019 188,909,505
Total number of Series B shares as of 31 December 2023 9,751,152,870
* 7 BTOs consist of PT Bank Duta Tbk, PT Bank Rama Tbk, PT Bank Tamara Tbk, PT Bank Nusa Nasional Tbk, PT Bank Pos Nusantara,
PT JayaBank International, and PT Bank Risjad Salim Internasional.
TIMELINE OF
OTHER SECURITIES LISTINGS
As of 31 December 2023, Danamon did not have any other outstanding securities.
102 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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103
CORPORATE MANAGEMENT FINANCIAL
CORPORATE DATA OPERATIONAL REVIEW DISCUSSION & ANALYSIS COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE
Page 106
COMPANY
PROFILE
CORPORATE GROUP
STRUCTURE
PT. Adira Dinamika
Multi Finance, Tbk.
PT. Bank Woori
Saudara Indonesia PT. Bank Chinatrust PT. Zurich Asuransi
Others
1906, Tbk. Indonesia Indonesia, Tbk
(d/h PT. Bank Woori
Subsidiaries Affiliated Companies
104 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
SUBSIDIARIES
Company Name PT Adira Dinamika Multi Finance, Tbk. (Adira Finance)
Core Business Financing
Company Profile With the vision of “Creating Shared Value to Improve Prosperity,” Adira Finance has a mission “To provide a
variety of financial solutions according to the needs of each customer through synergy with the ecosystem.”
In accordance with “Sahabat Setia Selamanya” logo and brand promise, Adira Finance commits to build good
long-term relationships with the entire ecosystem, both internal and external, such as employees, consumers,
business partners and all stakeholders. This commitment drives Adira Finance to serve our consumers in every
aspect of their life, in order to build long-term relationship with our customers which is named “customer
for life”. Adira Finance strives to position itself for customers as friend that can work together and provides
COMPANY PROFILE
solutions with our concept of “Sahabat Adira.” In Adira Finance’s philosophy, the concept of “Sahabat” has
a very deep meaning, namely the personality values that Adira Finance reflects to its customers, Flexible,
Transparent, Innovative, and Synergistic. Adira Finance’s core focus is to provide various financing solutions to
our customers, including motorcycles and cars, both new and used. Adira Finance also provides multipurpose
loans and durables financing. In addition, Adira Finance provides financing of multiple motor vehicle brands
such as Honda, Toyota, Mitsubishi and other brands. This provides flexibility for the Company in accepting
financing applications from any brand.
The main products and services offered by Adira Finance includes investment financing, work capital financing,
multipurpose financing, other business activities, as well as operating lease and sharia financing based on the
laws and regulations of the Financial Services Authority.
Shareholding 92.07%
DISCUSSION & ANALYSIS
Establishment November 13, 1990
Operational Status Operating
MANAGEMENT
Total Assets (Rp Billion) 31,007
Address Milenium Centennial Center 53rd, 56th-61st Floor
Jl. Jendral Sudirman Kav. 25, Jakarta
Phone: (+62 21) 3973 3232, 3973 3322
Fax: (+62 21) 3973 4949
E-mail: af.investor.relation@adira.co.id
Key Management Board of Commissioners Board of Directors
OPERATIONAL REVIEW
President Commissioner: Daisuke Ejima President Director: I Dewa Made Susila
Independent Commissioner: Krisna Wijaya Director: Swandajani Gunadi
Independent Commissioner: Manggi Taruna Habir Director: Niko Kurniawan Bonggowarsito
Commissioner: Eng Heng Nee Philip Director: Harry Latif
Commissioner: Congsin Congcar Director: Jin Yoshida
Commissioner: Hafid Hadeli Director: Denny Riza Farib
Affiliated Companies
Ownership (%)
Company Name Business Activity
GOVERNANCE
PT Zurich Asuransi Indonesia Tbk. Insurance 19.81%
CORPORATE
PT Bank Woori Saudara Indonesia 1906 Tbk. (d/h PT Bank Woori Indonesia) Banking 1.63%
PT Bank Chinatrust Indonesia Banking 1.00%
Other Joint Venture Telecommunication 0.24%-4.21%
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 105
Page 108
COMPANY
PROFILE
PUBLIC ACCOUNTANT &
PUBLIC ACCOUNTANT FIRM
PUBLIC ACCOUNTANT FIRM
PUBLIC ACCOUNTANT FIRM IMELDA & PARTNERS
(member firm of Deloitte Touche Tohmatsu Limited)
The Plaza Office Tower 32nd Floor.
Jl M.H. Thamrin kav 28-30 Jakarta 10350
Phone : +62 21 5081 8000
Fax : +62 21 2992 8200/2992 8300
Website : www.deloitte.com/id
CAPITAL MARKETS SUPPORTING
INSTITUTIONS & PROFESSIONALS
SHARES TRADING AND LISTING CREDIT RATINGS AGENCIES
PT Bursa Efek Indonesia PT Fitch Ratings Indonesia
Indonesia Stock Exchange Building 1 Tower
st
DBS Bank Tower, 24th Floor, Suite 2403
Jl. Jend. Sudirman Kav. 52-53 Floor 6th Jl. Prof. Dr. Satrio Kav. 3-5 Jakarta-Indonesia 12940
Jakarta 12190 Indonesia Phone : +6221 29886800
Phone : +6221 150 515 Fax : +6221 29886822
E-mail : listing@idx.co.id Website : www.fitchratings.com
Website : www.idx.co.id
Fitch Ratings Ltd.
CUSTODIAN 30 North Colonnade London E14 5GN United Kingdom,
Phone : +44(0)20 3530 1000
PT Kustodian Sentral Efek Indonesia Website : www.fitchratings.com
Indonesia Stock Exchange Building 1st Tower, 5th Floor
Jl. Jend. Sudirman Kav. 52-53, PT Pemeringkat Efek Indonesia (Pefindo)
Jakarta 12190 Indonesia Equity Tower 30th floor
Phone : +6221 515 2855 Sudirman Central Business District Lot 9
Fax : +6221 5299 1199 Jl. Jenderal Sudirman Kav. 52-53v
Bebas Pulsa : 0800-186-5734 Jakarta 12190, Indonesia
E-mail : helpdesk@ksei.co.id Phone : +6221 509 684 69
Website : www.ksei.co.id Fax : +6221 509 684 68
Website : www.pefindo.com
SHARE REGISTRAR
NOTARY
PT Adimitra Jasa Korpora
Kirana Boutique Office Mala Mukti, S.H., LL.M.
Jl Kirana Avenue III Blok F3 No 5 AXA Tower 27th Floor, Suite 06
Kelapa Gading-Jakarta Utara 14250 Jl. Prof. Dr. Satrio Kav. 18 Jakarta 12940
Phone : +6221 2974 5222 Phone : +6221 3005 6229
Fax : +6221 2928 9961 Fax : +6221 3005 6373
E-mail : opr@adimitra-jk.co.id E-mail : malamukti@cbn.net.id
106 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
AWARD &
CERTIFICATION
MANAGEMENT REPORT
COMPANY PROFILE
January 2023 March 2023 March 2023
The 6th Infobank Satisfaction, The 2022 Linkedin Talent Awards The 2023 Indonesia Human
Loyalty & Engagement Awards Resources Awards
2023 By Linkedin By WartaEkonomi.co.id
DISCUSSION & ANALYSIS
By InfoBank
Category Category
Category • Best Talent Acquisition Team • The Best HR Management for the Outstanding
MANAGEMENT
1. Rank 1 - Satisfaction Index 2023 with the Initiative in Supporting the Acceleration of
following details: Forming Employee Capabilities (Conventional
a. Rank 1 - Satisfaction Index Customer Bank)
Service;
b. Rank 1 - Satisfaction Index - Teller;
c. Rank 1 - Satisfaction Index - Security,
d. Rank 2 Satisfaction Index - Mobile Banking
e. Rank 3 – Satisfaction Index – Branch Office,
f. Rank 3 – Satisfaction Index - ATM.
2. Rank 2 - Loyalty Index 2023
3. Rank 2 - Engagement Index 2023
OPERATIONAL REVIEW
4. Rank 3 – Marketing Engagement Index 2023
4. Rank 3 – Marketing Engagement Index 2023
April 2023 May 2023
The 12th Infobank Digital Brand The 2023 Top 100 Most
Awards Outstanding Woman
By InfoBank By InfoBank
Category Recipient
• Rank 2 Conventional Commercial Bank • Mrs. Hedy Maria Helena Lapian – Independent
GOVERNANCE
• Rank 1 Sharia Business Unit Commissioner
CORPORATE
• Rank 2 Conventional Commercial Bank Deposit • Mrs. Rita Mirasari – Director of Compliance
• Rank 3 Conventional Commercial Bank Saving
Account
• Rank 3 Conventional Commercial Bank Credit
Card
• Rank 1 Conventional Commercial Bank
Mortgage Loan
• Rank 1 Conventional Commercial Bank Internet
Banking
• Rank 2 Conventional Commercial Bank
CORPORATE DATA
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PROFILE
AWARD & CERTIFICATION
June 2023 June 2023 June 2023
The 2023 Top CSR Awards The 2023 Focus Economics Analyst The 4th Indonesia Top Bank Awards
forecast Awards 2023
By TopBusiness By Focus Economic oleh Iconomics
Category Category Category
• Top CSR Awards Bintang 4 • 1st Fiscal Balance Forecaster – Indonesia • Top Bank 2023 in Conventional - KBMI 3
• Top Leader on CSR Commitment • 3rd Overall Indicators – Indonesia Category
June 2023 June 2023 June 2023
20th Banking Service Excellence The 2023 Retail Banker Asiamoney Private Banking
Awards 2023 International Asia Trailblazer Awards 2023
By InfoBank Awards By Euromoney Trading Limited
By GlobalData PTE Ltd
Category of Commercial Conventional Bank Category
Platinum Recognition - 10 Consecutive Years in Service Excellence Category • Best for ESG Investing in Indonesia
• Rank 1 - Convenient Branch Experience In • Best Retail Bank Indonesia
Priority
• Rank 1 - SMS Banking
• Rank 1 - Opening Account Via Website
• Rank 2 - Priority Banking in Service Excellence
• Rank 2 - Teller
• Rank 2 - Priority Staf
Category of Sharia Business Unit
Golden Recognition - 5 Consecutive Years in Service
• Rank 1 - Teller
• Rank 3 - Walk-in Channel
• Rank 3 - Service Excellence
108 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
COMPANY PROFILE
July 2023 July 2023 August 2023
The 2023 Indonesia Most Powerful The 2023 HR Asia Awards The 2023 Top Corporate Social
Women Awards Responsibility of The Year
By HerStory By HR Asia By Infobrand.id
Recipient Category Category
• Indonesia Most Powerful Women Awards 2023 • Best Companies to Work for in Asia 2023 • Top Corporate Social Responsibility of the Year
DISCUSSION & ANALYSIS
for Mrs. Rita Mirasari – Compliance Director 2023
MANAGEMENT
OPERATIONAL REVIEW
August 2023 September 2023 September 2023
The 28th Infobank Awards The 12th Infobank Sharia The 2023 GlobalCCU Awards
Recognition
By Infobank By Global Council of Corporate University
By Infobank
Category Category
• The Best Financial Performance Bank in 2022 Category • Bronze Award : Best Corporate University -
(KBMI III) • Excellence Financial Performance Islamic Culture
• Excellent Financial Performance Bank in 2022 Banking Unit of Commercial Banking in 2022
(Asset Rp5 T-Rp10 T)
GOVERNANCE
CORPORATE
CORPORATE DATA
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COMPANY
PROFILE
AWARD & CERTIFICATION
November 2023
The First National Conference of the Indonesian Financial
Transaction Analysts Association (AATKI) 2023
By Indonesian Financial Transaction Analysts Association
Category
• Rank 2 - Best Report Award (BREW)
December 2023 December 2023 December 2023
The 2023 Indonesia Best The 2023 Indonesia Customer Thomas Award
Companies in Creating Leaders Service Champion
From Within Award By SWA Magazine By Thomas International Indonesia
By SWA Media Group and NBO
Category Category
Category • Indonesia Customer Service Champion 2023 – • Excellence in Talent Acquisition 2023
• Excellent Predicate Very Good Predicate
December 2023 December 2023 December 2023
The 2023 Infobank Top 100 CEO Digital Banking Awards The 2023 Infobank Bankers of the
Year
By Infobank By Investortrust By Infobank
Category Category Category
• Infobank Top 100 CEO 2023 – For Daisuke • Winner of Category KBMI 3 for Risk • Infobank Bankers of the Year 2023 – For
Ejima – President Director Management Dimension Honggo Widjojo Kangmasto – Vice President
Director
110 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
INFORMATION OF
CORPORATE WEBSITE
MANAGEMENT REPORT
In compliance with OJK Regulation No. 8/POJK.04/2015 on Websites of Issuers or Listed Companies, Danamon has
established the corporate website that comprises four major areas of information:
a. General information on Issuer or Listed Company;
b. Information for Shareholders or Investors;
c. Information on Corporate Governance; and
d. Information on Corporate Social Responsibility.
Danamon’s corporate website features two language versions, Indonesian and English. The corporate website also
COMPANY PROFILE
features additional information that serves to expand knowledge on issues related to Danamon’s businesses.
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
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DISCUSSION &
ANALYSIS
114 Macroeconomic Review 126 Small and Medium Enterprise Banking
115 Banking Industry Overview 128 Consumer Banking
117 Strategic Review 130 Group Marketing
118 Business Prospects 135 Sharia Banking
120 Business Segment Operational Review 138 PT Adira Dinamika Multi Finance, Tbk.
121 Enterprise Banking 142 Organization Structure of Adira Finance
122 Treasury & Capital Market 144 Financial Review
124 Transaction Banking
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MANAGEMENT
DISCUSSION & ANALYSIS
MACROECONOMIC
OVERVIEW
“Against a backdrop of global turmoil, Indonesia’s
economy sustained its growth momentum
throughout 2023, with GDP expanding by 5.0%
YoY, primarily backed by solid domestic demand.
Economic Growth Remains
Stable amid Global Volatility
Macroeconomic fundamentals remained robust,
with manageable inflation at 2.6% YoY, trade
5.0%
surplus of USD36.9 bn, and narrower fiscal deficit
of 1.7% GDP.”
The global economy faced another challenging year in a total rate hike of 50 bps throughout the year. This
2023, marked by persistent inflationary concerns and strategic decision effectively contributed to the defense
geopolitical tensions that exerted pressure on global of the Rupiah, which closed 2023 at Rp15,397/USD,
trade and growth prospects. These factors, along with appreciating by 1.1% against the USD compared to
the ongoing Russia-Ukraine war and the emergence Rp15,568/USD at the end of 2022.
of conflict in the Middle East, contributed to concerns
about supply chains, commodities, and energy From the internal balance standpoint, headline inflation
prices. According to the International Monetary Fund remained manageably low at 2.6% YoY in 2023. The close
estimates, global growth moderated from 3.5% in 2022 coordination among authorities, especially between
to approximately 3.1% in 2023, further impacting the BI and the Government, has successfully restored
post COVID-19 recovery. inflation to the target range of 2%-4% in 2023, despite
challenges such as El-Nino, higher global oil prices,
In response to unexpectedly persistent inflation, major and soaring global freight costs. Not only has inflation
central banks tightened monetary policy with the aim been managed well, but fiscal discipline has also been
of curbing inflation. The United States Federal Reserve, maintained, with the deficit narrowing to 1.7% of GDP
for instance, increased the benchmark Federal Funds in 2023, down from 2.4% of GDP in the previous year.
Rate for the eleventh time since the beginning of 2022.
Starting from as low as 0.25%, the Fed funds rate In line with the real sector, the financial sector also
reached 5.25%–5.50% by July 2023. Concurrently, the showcased solid performance in 2023. The banking
European Central Bank raised its key interest rate for system demonstrated resilience, boasting ample
the tenth consecutive time, reaching a record high of liquidity and sufficient capital to mitigate inherent risks.
4%. This level is the highest since the inception of the As of the close of 2023, the liquidity instruments to
euro in 1999 and was implemented to address elevated deposit ratio stood at 28.7%, complemented by a robust
food, commodity, and energy costs. capital adequacy ratio of 27.7%. On the asset side, bank
lending growth in Indonesia experienced a slowdown
In response to the global monetary policy tightening attributed to BI’s tightening cycle, yet it maintained
cycle, Bank Indonesia decided to increase the BI Rate strength throughout the entire fiscal year. Notably, by
by 250 basis points (bps) since 2022, reaching 6.00% year-end, the banking industry recorded impressive
growth in loan bookings, surpassing 10% YoY in 2023.
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HIGHLIGHTS
FINANCIAL
BANKING INDUSTRY
OVERVIEW
MANAGEMENT REPORT
Indonesia’s banking industry maintained its upward Reflecting the continued recovery of business activities
trend in 2023 as conditions continued to normalize in Indonesia, as well as robust household consumption,
and businesses recovered further. Indonesia’s gross loan growth took place across all sectors. Working
domestic product grew by 5.0% year-on-year (YoY) capital loans disbursed by banks grew by 10.7% YoY
during the year, slightly lower than in 2022 when growth in 2023 to Rp3,199 trillion, while Investment loans also
was boosted by a post-pandemic bounce. The banking increased by 11.1 YoY% to Rp1,848 trillion. From the
industry’s intermediary function also improved. consumption standpoint, consumption loan rose by
COMPANY PROFILE
9.0% YoY to Rp1,999 trillion. On the micro, small, and
Banks’ outstanding loans booked a double-digit growth medium enterprise (MSME) segment, loans grew by
of 10.4% YoY in 2023, on the back of steady economic 7.2% in 2023. Having all these figures, appetite for credit
growth. Third Party Funds (TPF) collected by banks also remained solid in 2023, with a broad-based double digit
grew by 3.9% YoY as per latest data released in 2023, growth in almost all segments.
followed by liquid instruments to deposit ratio of 29%.
This reflects ample liquidity in the banking system. Banking sector profitability, asset quality, and resiliency
From the capital standpoint, Capital Adequacy Ratio performed further improvement in 2023. Banks’ Net
DISCUSSION & ANALYSIS
(CAR) remained robust at 28% at the end of 2023. Interest Margin (NIM) reached 4.8% in 2023 compared
to 4.7% in 2022. Banks’ Return on Assets (RoA) also
increased to 2.7% in 2023 from 2.4% in 2022. The gross
MANAGEMENT
Non-Performing Loan (NPL) ratio moreover improved,
decreasing to 2.2% in 2023 compared to 2.4% in 2022.
(Rp Trillion)
12.000
OPERATIONAL REVIEW
10.000
8.000
6.000
4.000
2.000
GOVERNANCE
CORPORATE
0
2019 2020 2021 2022 2023
Loans TFF Assets (as of end of November 2023) Source: Financial Services Authority (OJK)
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 115
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MANAGEMENT
DISCUSSION & ANALYSIS
DANAMON’S POSITION IN THE INDONESIAN
BANKING INDUSTRY In terms of funding, the Bank’s total funding grew solidly
by 14% YoY reaching Rp156.5 trillion. Whereas granular
Throughout 2023, Danamon continued to strengthen funding grew by 10% YoY, resulting in a current account
its strategic differentiation as a hybrid bank, supported savings account (CASA) ratio of 52.3%.
by the MUFG ecosystem. This strategy successfully
delivered solid results for the year, with Danamon At year end, the Bank’s Consolidated Net Profit After
reaching new records in both loans and funding. Tax (NPAT) amounted to Rp3.5 trillion, an increase of
6% compared to the same period the previous year and
Total consolidated loans grew by 19% YoY to reach better than target. This was supported by improved
Rp172.9 trillion, higher than industry and target, with Net Interest Margin (NIM), which was achieved despite
broad-based growth across all segments. The Enterprise the high interest rate environment. The Bank ended
Banking and Financial Institution (EBFI) include Trade the year with a strong Capital Adequacy Ratio (CAR)
Finance and Marketable Securities segment, supported of 27.5%, well above the regulatory minimum. These
by MUFG collaboration grew by 15% YoY reaching achievements put Danamon in a good position for
Rp78.8 trillion, while the Consumer Banking segment future growth, as the Bank continues to deepen
grew by 41% YoY to Rp17.7 trillion. The SME segment synergies within the MUFG ecosystem for value to
also recorded growth of 9% which amounted to Rp22.6 customers.
trillion. Furthermore, Adira Finance’s new financings
grew by 31% YoY, with total loan balance growing 25%
YoY to reach Rp55.7 trillion. The increase in growth was
accompanied by prudent risk management for healthy
asset quality, with NPL improving from 2.6% at the end
of 2022 to 2.2% as creditors’ businesses continued to
recover post-pandemic.
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HIGHLIGHTS
FINANCIAL
STRATEGIC REVIEW
2023 STRATEGIC FOCUS Consumer Banking maintained its value proposition for
Danamon continued to improve the quality of its its privilege, optimal, and mass segments with focus on
MANAGEMENT REPORT
business strategy execution throughout the year 2023, delivering a comprehensive range of financial solutions
as evidenced by the strong growth in funding, lending, and supported them with enhanced digital banking
and profitability, as well as better asset quality. Danamon capabilities as well as branch and cash points networks.
kept its focus on advancing its four business engines To reach out to the young and productive generations,
while strengthening its collaboration and synergy Danamon became the main sponsor for Bridestory
with MUFG and Adira Finance. Under this institutional Market, the biggest wedding exhibition in Indonesia.
approach, Danamon works to optimize business and Consumer Banking also launched the Danamon Hadiah
reach out to more customers while providing prudent Beruntun program across Indonesia to continue
loans with robust credit underwriting and streamlined growing its granular funding base.
processes. Danamon has also enhanced both its digital
COMPANY PROFILE
capability and partnership to stay closer and more In April 2023, Danamon announced the acquisition
connected to its customers. In collaboration with MUFG of Standard Chartered Bank Indonesia’s Consumer
and MUFG Investment Partners (MUIP), Danamon has Loan Portfolio, with good track record. The acquisition
recently launched a new financing facility called the aimed to strengthen Danamon’s consumer finance
Garuda Fund to support the growth of Indonesian business and improve economies of scale for the
start-ups while broadening Danamon’s collaboration banks investment in digital, branch networks, and
ecosystem. other capabilities. The smooth and seamless portfolio
migration process was successfully completed in
DISCUSSION & ANALYSIS
As the annual report theme “Tumbuh Bersama” implies, December 2023.
Danamon together with MUFG and Adira continued
to develop unique synergies to identify customers’ Danamon continued its Next Generation Branch
MANAGEMENT
needs and tailor better propositions to accommodate program and has transformed 53 branches across
their financial aspirations. Danamon is committed to Indonesia, implementing integrated conventional
delivering comprehensive services to its customers and digital services. In Digital Banking, Danamon has
across all business segments at every stage of their life continued to implement Agile ways of working and has
cycle, while at the same time creating positive impacts launched various new features in its mobile banking
on the communities and our shareholders. apps, D-Bank PRO. Danamon progresses in expanding
its business by leveraging the ecosystem approach
OPERATIONAL REVIEW
The Enterprise Banking and Financial Institution (EBFI) that has been implemented in the automotive and real
segment maintained its priority in engaging and estate industries.
acquiring new customers with a prudent track
record, as well as raising granular funding through Danamon’s subsidiary, Adira Finance maintained
cash management and value chain solutions. The double-digit growth in new financing through various
collaboration with MUFG is enhanced, aiming to programs and collaboration initiatives with Danamon
continue delivering added value to corporate and MUFG. Adira Finance has also developed its
customers, such as global networking through the non-automotive financing business, such as multi-
Business Matching Fair that was held twice in 2023. purpose loans and financing of heavy equipment,
fleet, and durable goods. Danamon, Adira and MUFG
GOVERNANCE
The Small Medium Enterprise (SME) segment has further supported the national automotive industry by
CORPORATE
improved its productivity through a faster credit scoring becoming the Official Bank and Multifinance Partner
process and stronger collaboration efforts across at the Indonesia International Motor Show (IIMS) in
all lines of business. SME expanded its customers Jakarta and Surabaya in 2023.
by serving distributors and sub distributors via FSC
approach. SME also synergized with Adira Finance to Human resource development remains an important
provide better financial solutions for the subsidiary’s aspect of Danamon’s growth. In 2023, Danamon
dealers, which will channel back its customer financing enhanced its internal mobility programs and training
to Adira Finance. in collaboration with MUFG entities and partners.
CORPORATE DATA
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MANAGEMENT
DISCUSSION & ANALYSIS
Danamon created various opportunities to external networks, as well as focus on building superiority in
talents through the Danamon Apprentice Program targeted ecosystems and through innovations that
for university students and the Danamon Bankers could answer customers’ needs.
Trainee program for recent graduates. Danamon has • Continue to adapt to the changes in customer
also consistently invested in the enhancement of the behaviour and strengthen relationships with
infrastructure of its Information Technology (IT) and customers through digitizing systems and processes,
Digital capabilities to support the bank’s productivity optimizing data analytics, and process improvements
and customer services. to develop better product propositions and services
to create a seamless customer experience.
Investment in branding was a strategic priority. In • Continue to expand the Next Generation Branch
addition to the Indonesia International Motor Show Network transformation across Indonesia to
(IIMS) and Bridestory, together with MUFG and Adira increase productivity and the customer experience.
Finance, Danamon has been involved in other various • Build robust marketing and branding to support
prime events, such as holding the Business Matching Danamon’s growth strategy. Through its 67 years of
and Investment Fair and DXPO as part of the Danamon operation, the Danamon brand has been recognized
Anniversary celebration – a festival that combines as a unique hybrid bank with strong local franchise
travel, automotive, real estate, F&B, and lifestyle. and experience combined with the global expertise
and capabilities of MUFG.
STRATEGIES FOR 2024 • Continue developing Human Capital by improving
To seize the opportunities and overcome the challenges employees’ capabilities and knowledge through
in 2024, Danamon has prepared the following key learning and employee exchanges within MUFG and
strategies: its subsidiaries.
• Strengthen and expand the collaboration with
MUFG, Adira Finance, and businesses within MUFG
BUSINESS PROSPECT
2023 MACROECONOMICS of 2.4% of GDP. The harmonious interplay of fiscal and
In 2023, Indonesia adeptly sustained its economic monetary policies played a pivotal role in upholding
growth momentum, demonstrating resilience in the face stability in the financial sector. The adequacy of liquidity
of a global economic slowdown. The nation’s economy conditions was evident through the liquid asset to Third
expanded by an impressive 5.0% YoY, underpinned Party Funds ratio, which stood at 29%, complemented
by strong domestic demand. The consistency in both by a robust banking Capital Adequacy Ratio at 28%.
household consumption and investments played a
crucial role in mitigating the adverse impact of the The year 2023 presented formidable challenges for both
global economic deceleration on Indonesia’s export the global and domestic economies. The intensification
performance. This positive outcome was further of geopolitical tensions and the prevailing uncertainty
bolstered by the synergistic implementation of regarding the trajectory of the US central bank’s
accommodative fiscal and monetary policies, which monetary policy emerged as significant hurdles
collectively contributed to the overall stability of throughout the year, with projections indicating their
Indonesia’s economy throughout the entirety of 2023. persistence into 2024. However, Indonesia’s robust
macroeconomic fundamentals are poised to effectively
Bank Indonesia demonstrated effective control over navigate and address these challenges. Notably, amidst
inflation, bringing it back within the target range of the global economic uncertainties, Indonesia achieved
2%-4% following the global oil price fluctuations in commendable milestones such as maintaining low
2022. In 2023, inflation remained steady at 2.6% YoY, inflation levels. Furthermore, the country recorded
accompanied by an exchange rate of 15,255 Rupiah a substantial trade surplus of 37 billion US Dollars in
per US Dollar. On the fiscal front, the Government 2023, a feat attributed to the sustained high prices
successfully managed to keep the fiscal deficit low, of Indonesian export commodities compared to pre-
standing at 1.7% of Gross Domestic Product (GDP). pandemic levels.
This marked a decrease from the previous year’s level
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HIGHLIGHTS
FINANCIAL
In 2024, Indonesia is poised to conduct General Elections (PEMILU), anticipating an uptick in economic activity fueled
by increased public and private sector spending associated with the electoral process. Forecasts suggest that the
prevailing domestic political stability will serve as a magnet, attracting not only direct foreign investment but also
portfolio investment into the country. Against this backdrop, the Indonesian government, under the guidance of the
Ministry of Finance, envisions a scenario of stable economic growth in 2024. The anticipated trajectory is supported
MANAGEMENT REPORT
by the following key economic indicators:
Indicator 2023 2024*
Economic Growth (%,YoY)* 5.1 5.2
Inflation (%,YoY) 2.6 2.8
Exchange Rate (Rp/US$) 15,397 15,000
10 Year SUN Interest Rate (%) 6.7 6.7
COMPANY PROFILE
Indonesian Crude Oil Price (US$/barrel) 78 82
Crude Oil Lifting (thousand barrels per day) 608 635
Lifting Gas (thousand barrels of oil equivalent per day) 964 1,033
Source: Ministry of Finance, Danamon, *2023 State Budget Assumptions from Ministry of Finance
In line with the assumptions of the 2024 State Budget, Bank Indonesia projects that Indonesia’s Gross Domestic
Product (GDP) will grow within the range of 4.7%-5.5% in the year 2024. The driving factors behind this projection are
DISCUSSION & ANALYSIS
the continued improvement in household consumption and investment amid a global economic slowdown.
The demand for credit is expected to remain stable, aligning with the increasing growth in consumption and
MANAGEMENT
investment, despite the potential slowdown in exports due to the deceleration in global economic activities. On the
supply side, the increase in credit will be supported by ample liquidity, decreasing risk perceptions, and the potential
normalization of global and domestic monetary policies. Additionally, macroprudential policies will continue to be
accommodative to support the sustainability of economic growth momentum and financial system stability.
Bank Indonesia also anticipates that financial system stability will be maintained with stable credit growth in 2024.
Credit growth is estimated to reach 10.0%-12.0% in 2024. This credit growth is supported by the consistently high
OPERATIONAL REVIEW
banking Capital Adequacy Ratio (CAR) and the well-maintained Non-Performing Loans (NPL) ratio.
GOVERNANCE
CORPORATE
CORPORATE DATA
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MANAGEMENT
DISCUSSION & ANALYSIS
BUSINESS SEGMENT
OPERATIONAL REVIEW
WHOLESALE CONSUMER
CUSTOMER
SEGMENTS
CORPORATE COMMERCIAL SME AFFLUENT MIDDLE MASS
LINE OF
BUSINESS
Enterprise Banking & SME Consumer
Adira Finance
Financial Institution Banking Banking
FINANCIAL SAVINGS LOANS
SHARIA TREASURY & TRANSACTION
BANCASSURANCE
WEALTH MORTGAGE & AUTO
BANKING CAPITAL MARKET BANKING MANAGEMENT CREDIT CARD FINANCING
SOLUTION
In 2023, Danamon continued its strategy of prudent loan growth through an ecosytem approach, sustained CASA
growth through an institutional approach, and increased fee income through a unique value proposition. In addition,
collaboration with MUFG enabled Danamon to enter the Japanese corporate and multinational customer markets
through distributor financing, cash management, mortgage, and payroll accounting services.
120 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
ENTERPRISE BANKING
MANAGEMENT REPORT
“In the midst of various global issues and
challenges, Enterprise Banking managed to
grow 15% in 2023 from the level achieved in
the previous year.”
COMPANY PROFILE
Enterprise Banking serves the Wholesale and Financial Enterprise Banking is also committed to investing in
Institution segments by providing a comprehensive human capital by attracting and retaining the best
range of financial solutions, such as corporate loans, talents, implementing extensive training programs
cash management, trade finance, and treasury services. including overseas training, and encouraging
With excellent client servicing, Enterprise Banking aims performance-based organizations.
to make Danamon the transactional bank of choice for
the customers. 2023 PERFORMANCE
Enterprise Banking loan portfolio grew by 15%, thanks
DISCUSSION & ANALYSIS
PRODUCTS AND SERVICES to the strong collaboration with the MUFG Group.
Enterprise Banking offers the following products and
services: 2024 STRATEGIES AND INITIATIVES
MANAGEMENT
• Working Capital Loans (Trade Finance & Financial Enterprise Banking will continue to implement the
Supply Chain); following strategies:
• Investment Loans; • Deepening relationships with existing customers;
• Cash Management (Payment, Collections, and • Acquiring new customers in our target market and
Liquidity Management); throughout the entire value chain ecosystem of
• Foreign Exchange; existing customers;
• Custody; • Continuing collaboration with the MUFG Group to
OPERATIONAL REVIEW
• Project Financing; acquire customers from multinational companies
• Debt Capital Market. and their value chains and provide value-added
products and services, such as Global Business
2023 STRATEGIES AND INITIATIVES Matching;
2023 was the year where Indonesia entered the • Actively offering credit financing with other financial
COVID-19 endemic state. However, the ongoing volatile institutions through syndication loan, structure
geopolitical conditions have caused central banks to financing, agency, sell-down, and risk participation;
continue to increase their benchmark interest rates, • Consistently maintaining third-party funds by
resulting in an increase in interest rates across all offering comprehensive cash management
customer line segments. solutions with the support of e-channels and digital
GOVERNANCE
solutions tailored to customer needs;
CORPORATE
Despite the benchmark rate increasing, Enterprise • Investing in human capital and improving employees’
Banking continues to grow by focusing on deepening skills through training and project assignments,
relationships with existing customers, expanding its both domestically and abroad supported by MUFG;
portfolio by acquiring new customers, and optimizing • Continuing efforts to attract new talents and retain
the entire value chain ecosystem, including by them while also developing existing talent.
increasing cooperation with the MUFG Group.
CORPORATE DATA
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MANAGEMENT
DISCUSSION & ANALYSIS
TREASURY &
CAPITAL MARKET
“Synergy and collaboration with all lines of
business as well as parent entity MUFG Bank
are key success factors for Treasury & Capital
TCM increased Treasury
Market in ensuring the Bank’s liquidity resilience
Sales revenue by and providing Danamon’s treasury products
and services to fulfil customers’ needs.“
26%
Year on Year
Treasury & Capital Market (TCM) is the core division PRODUCT SAND SERVICES
in managing the Bank’s liquidity risk by ensuring TCM offers a wide range of products and services
fulfilment of the Bank’s liquidity requirement; this is geared towards providing solutions for customers
achieved by focusing on efficient and prudent balance and performs trading activities. The products offered
sheet management to support business expansion include Foreign Exchange (FX Today, FX Tomorrow,
while adhering to prudent banking principles. The FX Spot, FX Forward, FX Swap, and Domestic Non-
responsibility to manage the liquidity risk is inherent in Deliverable Forward), Interest Rate Swap, Cross
the management of the Bank’s balance sheet interest Currency Swap, Structured Products (Dual Currency
rate risk. Investment, Market Linked Deposit, and Call Spread
Option), Marketable Securities (Government Bond and
TCM is also a product partner of Danamon’s line of Corporate Bond under both Conventional and Sharia
business while providing basic Foreign Exchange (FX) schemes, Bank Indonesia Rupiah Securities, and Bank
and marketable securities solution, TCM also provides Indonesia Foreign Currency Securities), Money Market
advanced solutions for customers that require hedging (Interbank & Bank Indonesia instruments), and Repo/
solution and investment products. Reverse Repo.
Apart from being one of the IDR Government Bond Since Danamon was appointed by Bank Indonesia in
Primary Dealers, TCM also actively supports regulators 2021 as one of the Appointed Cross-Currency Dealer
in improving, formulating, and strengthening financial Banks (ACCD Bank) in order to facilitate Local Currency
market deepening in Indonesia. Settlements (LCS) transaction for THB-IDR and CNY-IDR
currency exchanges, its customers’ transaction volume
has been increasing. The transaction volume of LCS THB-
IDR in 2023 increased 103% compared to the previous
year. With this service, the Bank’s customers may enjoy
more competitive FX rates, more efficient and faster
of fund remittance to institutions or individuals in the
ACCD Bank’s partner countries.
122 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
2023 STRATEGIES AND INITIATIVES TCM has launched Structured Product, such as Dual
In 2023, TCM continuously focused on efficient balance Currency Investment (DCI) and Market Linked Deposit
sheet management strategies in Capital Management, (MLD) to fulfil customers’ investment needs. TCM
Fair Value through Other Comprehensive Income managed to increase its MLD sales revenue as much
(FVOCI) portfolio management, Contingency Funding as six times and quadruple its sales volume in 2023
Plan, as well as the Enhanced Treasury System and the compared to the previous year.
Asset & Liability Management (ALM) System.
COMPANY PROFILE
2024 STRATEGIES AND INITIATIVES
Trading TCM Team’s activities support Treasury Sales In 2024, TCM will continue to implement the following
TCM Team by providing liquidity and competitive prices strategies:
for customers. TCM also offers alternative investments 1. Continuously improve the efficiency of balance sheet
for retail customers, such as government bonds and management strategies with prudential principles.
corporate bonds. This was geared towards increasing 2. Continue collaborating with Danamon’s line of
fee-based income for Danamon. business to provide solutions to customers who need
investment products and hedging instruments to
DISCUSSION & ANALYSIS
TCM continuously collaborates with the Bank’s line of manage their exposure; continue collaborating with
business to support customers seeking investment the MUFG Group’s business network to tap more
products and hedging instrument solutions to business opportunities with Japanese companies’
MANAGEMENT
manage their exposure. TCM expanded collaboration and multinational corporations’ value chains as well
with the MUFG Group’s business network to tap as to increase more Indonesian Government Bond
business opportunities with Japanese companies’ and deals.
multinational corporations’ value chains as well as large 3. Develop the Bank’s investment services, such as
corporate action deals. Retail Bond Online that aims to provide one stop
access for customers’ bond investment activity.
In line with the financial market deepening program 4. Continue supporting Bank Indonesia initiatives
OPERATIONAL REVIEW
carried out by Bank Indonesia and the related authorities, in line with the 2025 Money Market Development
TCM also participated in the Central Counterparty (CCP) Blueprint including other initiatives by regulators
program, establishment process of the Self-Regulatory and relevant authorities to support financial market
Organization (SRO) of Indonesian Money Market and deepening.
Foreign Exchange Market Association (Apuvindo), and
the auction of Term Deposit in Foreign Currency from
Foreign Exchange from Export Proceeds (TD Valas
DHE), as well as Bank Indonesia Rupiah Securities (SRBI)
and Bank Indonesia Foreign Currency Securities (SVBI)
instruments.
GOVERNANCE
CORPORATE
2023 PERFORMANCE
TCM grew its Treasury Sales income by 26% compared
to the previous year due to better performance
contribution from Enterprise Banking and Financial
Institution Sales. FX Sales volume increased by 7%
compared to the previous year.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 123
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MANAGEMENT
DISCUSSION & ANALYSIS
TRANSACTION
BANKING
(CASH MANAGEMENT, TRADE FINANCE &
FINANCIAL SUPPLY CHAIN)
“Leveraging on the post-pandemic momentum,
advancement in product development and
digitization of Cash Management, Trade
Finance, and Financial Supply Chain are set to
boost business growth while meeting customer
demands effectively.”
Danamon’s Transaction Banking continues to develop PRODUCTS AND SERVICES
products that leverage digital technology innovations
to enhance customer experience and deliver excellent Transaction Banking offers the following products and
services to customers. services:
Transaction Banking offers a range of products that • Cash Management
cater to the needs of different business segments, Integrated banking solution assists customers
such as corporate, commercial, as well as Small and to manage cash flow, liquidity, and execute
Medium Enterprise (SME) clients. Through offering daily transactions efficiently to generate optimal
Cash Management, Trade Finance, and Financial Supply efficiency. Danamon’s Cash Management allows
Chain services, Danamon can accommodate customers customers to develop and execute business
with suitable, effective, and competitive transaction strategies more effectively.
services.
• Trade Finance & Services
The continuous advancement of the internet banking Danamon’s Trade Finance services accommodate
platform allows customers to enjoy the online services customers to execute trade transactions and
of Cash Management, Trade Finance, and Financial benefit from working capital financing, including
Supply Chain, which help to boost the customer both international trade (import and export) and
business and improve efficiency. domestic trade.
124 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
• Financial Supply Chain (FSC) 2024 STRATEGIES AND INITIATIVES
Danamon’s Financial Supply Chain facilitates the
transaction cycle among suppliers, distributors, Transaction Banking will continue to enhance product
and principals, not only by extending working & service solutions and collaborate with MUFG Bank
capital facilities and payments but also by providing in the areas of Cash Management, Trade Finance, and
COMPANY PROFILE
comprehensive reports that can add value to Financial Supply Chain.
the relationships and continuity in the business 1. Continuous enhancement of integrated
ecosystem. Financial Supply Chain solutions to provide
more comprehensive transaction solution and
2023 STRATEGIES AND INITIATIVES customization for our key clients.
2. Improvement of Danamon Cash Connect (DCC)
• Digital Banking Services user experience & features such as bill payment, BI
1. The continuous enhancement of Danamon Fast, and a complete suite of Financial Supply Chain
DISCUSSION & ANALYSIS
Cash Connect (DCC) provides more features platform catering both distributors and suppliers,
with better user experience through mobile including working capital facilities.
devices so that customers are able to execute 3. As one of the Appointed Cross Currency Dealer
MANAGEMENT
business transactions anywhere online and real- (ACCD), support the Government program to increase
time, such as balance checking, fund transfers, direct settlement transaction between Rupiah and
mass transfers, virtual account services, payroll domestic currencies of the counterparties as well
services, tax payments, bill payments, treasury as provide more efficient and competitive service to
rates etc. the customers.
4. API Central for Danamon’s customers to process
2. API Central provides real-time connection remittance transactions API new features, such as
OPERATIONAL REVIEW
services for funds transfer (payment), virtual API Direct Debit, API BI-Fast, and API Bill Payment.
accounts (collection and payment) and Financial 5. Expanding business partnership with Financial
Supply Chain. Technology companies.
• MUFG Collaboration
Through collaboration with MUFG Bank, Transaction
Banking continuously form new partnerships
with business principals and distributors from
the automotive, FMCG, pharmaceutical, building
material industries and other MUFG affiliated
GOVERNANCE
companies.
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 125
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MANAGEMENT
DISCUSSION & ANALYSIS
SMALL MEDIUM ENTERPRISE
BANKING
“Danamon’s SME banking focuses on small and
medium businesses with a need for loans of up
Annual Sales Turnover
to Rp30 billion and annual sales turnover of up
of up to to Rp100 billion.”
Rp
Billion
100
Danamon’s Small Medium Enterprise (SME) Banking 4. Foreign Exchange
offers a range of comprehensive financial solutions that Offers convenience in foreign exchange to meet
cover productive business loans, funding, transactions, customer needs in making payments in foreign
and protection (bancassurance). currency.
PRODUCTS AND SERVICES 5. Bancassurance
Offering a range of products to provide protection
1. Productive business loans to business owners and their assets.
Working Capital (Overdraft Facilities and Demand
Loans), Investment Financing (KAB-Term Instalment 2023 STRATEGIES AND INITIATIVES
Loans), Financial Supply Chain financing, Trade In 2023, Danamon’s SME Banking focused on expanding
Finance, Rural Bank (BPR) Loans, and Employee customer relationships by optimizing the entire value
Cooperative Loans. chain ecosystem, including increasing collaboration
with the MUFG Group.
2. Funding
Deposit and transactional accounts for convenient Apart from utilizing external collaboration, Danamon’s
operational transactions such as Current Accounts, SME Banking also has internal strategies that focused
Savings Accounts, and Term Deposits. on loan growth. Real example from this approach was
the utilization of the Enterprise Banking ecosystem.
3. Transactions Danamon’s SME Banking offers financing to customers
Offering convenient transactions anywhere, through this ecosystem, creating synergies between
anytime, through Danamon’s network of branches internal services that can expand access to financing
across Indonesia and through digital channels and push the growth of relevant business sectors.
such as internet banking, mobile banking, cash
management, and Trade Finance.
126 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
With a holistic approach to the ecosystem, not only SME Banking Collaboration with Adira offers
does Danamon’s SME Banking build sustainability in its loan facilities to the dealers that have built long
own business, but it also plays an active stakeholder partnerships with Adira Finance. Dealers of both
role that supports economic growth. Through this new and used motor vehicles falling under this
strategy, Danamon’s SME Banking has presented itself segment are eligible for this loan facility. This action
MANAGEMENT REPORT
as a pioneer in creating added value through a diverse not only strengthens the business partner network,
ecosystem, which reflects the Company’s vision to but also poses a wider growth opportunity in the
become a leading partner for SME business players in automotive ecosystem.
Indonesia.
Furthermore, SME Banking will optimize the
PERFORMANCE IN 2023 MUFG ecosystem in Indonesia through strategic
• The loan portfolio grew 8.6% in 2023, the highest collaborations with Multinational and Japanese
growth in the last 4 years, due to support of both customers, as well as digital partners in which MUFG
inter-division collaboration and MUFG Group. has made investments.
• Stable loan growth in 2023 began to be seen in
COMPANY PROFILE
May 2023 and was expected to continue to grow c. Process Efficiency
sustainably alongside SME Banking’s efforts to Based on simplified processes and policies, SME
deepen relationships with customers through the Banking will digitize its upstream-to-downstream
optimization of the MUFG Group ecosystem. process.
• Deposit Portfolio (CASA & TD) grew 23%, supported
by transactions with relatively low Cost of Fund SME Banking will be developing technologies that
through granular CASA. can increase the efficiency of loan disbursement
• SME Banking also managed to increase revenue from to customers, from pre-screening to loan
DISCUSSION & ANALYSIS
Non-Interest Income transactions made in Credit disbursement.
Related Fees, FX, Channel and Cash Management
Fees. The implementation of technology such as Optical
MANAGEMENT
Character Recognition (OCR) used to analyze current
STRATEGIES AND INITIATIVES FOR 2024 accounts and to make continuous development of
Small and Medium Enterprises (SME) Banking Strategy, the Loan Originating System (LOS) is expected to
as follows: contribute to improving the effectiveness of the
credit process for the SME segment.
a. Inter-Division Collaboration
The 2024 business strategy will be supported by a d. Expanding Regional Potential
OPERATIONAL REVIEW
culture of collaboration amongst various divisions Identifying regional characteristics and making a
at Danamon. To optimize business opportunities larger acquisition of customer chains within the
while creating more interactions and maintaining same regions as an effort to expand the regions’
harmony between divisions. customer network and bring to the customers a
range of innovative and comprehensive financial
The ultimate objective is to identify potential solutions to meet their evolving needs and
products or programs to offer to the customers preferences within each of the regions.
which can eventually expand the market share
of SME Banking and make it a one stop banking
solution for the customers.
GOVERNANCE
CORPORATE
b. Ecosystem Development
To acquire principal chains that have become existing
debtors in Enterprise Banking while strengthening
collaboration with the MUFG ecosystem and Adira
as a group of companies, which is to be achieved by
developing need-based financing products in each
of the ecosystems.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 127
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MANAGEMENT
DISCUSSION & ANALYSIS
CONSUMER
BANKING
“Consumer banking has demonstrated a
positive trend across all primary metrics.
Customer expansion is continuously being
enhanced, notably through leveraging strategic
ecosystems and digital channels to deliver
solutions tailored to their needs.”
Consumer Banking continues to aspire to be a top customer expansion, deepening engagement, and
financial institution by providing convenient experience product creation.
in all touch points and relevant solutions based on
customer needs. PRODUCTS AND SERVICES
Consumer Banking offers the following products and
The Indonesia economic performance has shown services:
strong growth and resilience in 2023 amid global
risk driven by surge in global inflation due to supply • Privilege
disruption and continued geopolitical tensions. This Providing tailored and different relevant solutions
strong economic performance was partly driven by to affluent & high-end affluent clients, wealth
increase in household consumptions, a driving factor of advisory with various product solution such as
growth in retail consumers. investment (mutual funds & bonds), bancassurance,
foreign exchange, structured products, deposit, and
Competition remained intense among banks in a high- property investment with various benefit.
rate environment as monetary tightening continued.
Another factor that raised the bar in the banking • Optimal
industry was that peer banks continued to improve Consumer Banking offer personal financial advisory
their customer-oriented solutions and services. to help emerging affluent clients achieve their
financial goals throughout their life stages.
To overcome the challenges, Consumer Banking have
been executing strategies by investing in all touch • Savings
points including branch transformation and mobile Tailored to meet the needs of market segments,
banking, as well as enhancing brand awareness and consumer banking products are saving accounts,
communication to customers. Customer experience checking accounts and time deposits.
always come first in our business initiatives, from
128 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
• Loans On the credit card business, Danamon Consumer
Consumer Lending offers a variety of products, both Banking continue to launch various new innovations
secured (mortgages) and unsecured (credit cards, such as instant application approval, virtual credit cards
personal loans) which relevant to customer needs. to provide convenient banking experience, in addition
to continuing promotional cooperation with business
MANAGEMENT REPORT
• Investment and Bancassurance partners to provide mandate and attractive programs
For investment and bancassurance products, to card users. Danamon also gained strong momentum
Consumer Banking provide products through in the mortgage business due to increased productivity
partnerships with reputable third-party institutions and synergy with the MUFG Group.
in Indonesia. To meet the needs of more affluent
customers, Consumer Banking also provide 2024 STRATEGIES AND INITIATIVES
personalized and exclusive services. With growing confidence in Indonesian economy in
2024, Consumer Banking is optimistic about achieving
• Foreign Exchange & Structured Products its stated target with well-planned strategies and right
Fulfilling customer needs for foreign exchange execution. The key strategies and initiatives are as
COMPANY PROFILE
services with competitive pricing and convenient follow:
process. • Ecosystem-based approach to acquire engaged
customer through strategic partnership with MUFG.
2023 STRATEGIES AND INITIATIVES • Deepening customer engagement by building
Compared to 2022, Consumer Banking have shown digital ecosystem connecting Consumer Banking
strong positive trend across all key metrics. Customer product and services with customer’s life cycle, e.g.
expansion accelerated by leveraging, not limited to, education and automotive.
strategic ecosystem and digital channel to onboard • Building customer behaviour on affluent transaction
DISCUSSION & ANALYSIS
customer with seamless journey and relevant solution leading to higher and sticky balance.
depending on customer needs. Affluent customers • Privilege centre creation to expand affluent client
have shown rapid growth due to community-approach base and improve Wealth Management business to
MANAGEMENT
initiatives and differentiated benefits. Besides that, generate more revenue stream.
Consumer Banking execute strategies to deepen • Continuing card business digitalization and
customer relationship by delivering relevant product developing potential business through ecosystem
and services supported by convenient touch points, to increase utilization and penetration in market.
strong branding, and communication. • Stepping up mortgages through aggressive
acquisitions, retentions, and cross-sell initiatives.
Throughout 2023, Consumer Banking launched • Continuing and further improving asset quality
OPERATIONAL REVIEW
nation-wide raffle deepening program “Danamon through the execution of risk-based collection
Hadiah Beruntun” contributing to deposit growth and strategy and new collection system with digital
strengthening Danamon funding franchise branding. capabilities.
From Wealth Management side, Consumer Banking
accelerated penetration to customer base by leveraging
digital channel for a more seamless way to transact.
To commemorate Danamon 67th Anniversary Consumer
Banking held the 1st Danamon Expo. Consumer Banking
also became official partner on Indonesia International
Motor Show 2023 with Adira Finance and MUFG to
GOVERNANCE
enhance Danamon brand awareness on automotive
CORPORATE
ecosystem.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 129
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PEMBAHASAN
ANALISIS MANAJEMEN
GROUP
MARKETING
“Through 7 important elements, namely
brand identity, brand associations, brand
image, perception of quality, brand awareness,
brand experience and brand loyalty, the
Marketing Group aims to continue building
brand values.”
Danamon’s marketing and communications functions • Corporate Communications: Maintaining the
are integrated within the Group Marketing division, led bank’s reputation and managing public opinion,
by the Chief Marketing Officer (CMO) who reports to the through media and public relations, communication
Vice President Director. crisis handling, and internal communications.
• Digital Marketing: referred also to as online
Group Marketing aims to develop strong Danamon marketing, is brand promotion to build relationships
brand equity, through 7 important elements, namely with potential new customers through digital
brand identity, brand association, brand image, channels. The role of Digital Marketing in this
perception of quality, brand awareness, brand case includes managing digital channels such as
experience and brand loyalty by communicating the Danamon Corporate Website (DCW), email,
customer-centered, technology-backed brand Danamon social media accounts, Search Engine
positioning for solutions with human touch through Optimization and Search Engine Marketing, digital
products, services, channels and brand stories. marketing analytics, and mobile advertising and
displays to ensure our online presence and increase
The Marketing Group consists of: brand awareness, marketing initiatives and sales.
• Brand Communications: Building Danamon’s • Brand Activations: Building brand relevance and
corporate identity in a modern image by rejuvenating scale that gives the perception that Danamon is
and humanizing the story about Danamon. “everywhere”, and creating a strong brand presence
• Marketing Communications: Creating customer in people’s lives by bringing brand experiences that
attention and demand through stories about are relevant to their aspirations, needs and lifestyle.
relevant products, services and channels.
130 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
• Marketing Planning and Research: Developing Present at the DXPO series were many promos and
a marketing organization that is driven by a deep activities such as the Danamon Travel Fair sponsored
understanding of people’s behavior and strong by Garuda Indonesia, KPR Danamon Expo which
marketing budget management. presents 10 well-known developers, KPM Prima Expo,
which provides special offers where customers can
LAPORAN MANAJEMEN
MARKETING ACTIVITIES IN 2023 enjoy special interest/margin promos to take home
their dream cars. Also hosted at the event was DXPO
DANAMON REWARD PRIZES Market, a lifestyle bazaar where customers can enjoy
Danamon Hadiah Beruntun is a lottery program with attractive discounts from selected merchants. DXPO
prizes from Danamon Savings which was borne out of by Danamon offered much more than just product
Danamon’s commitment which focuses on customer introductions and promotions as visitors could also
satisfaction. Initiated as a research conducted together see on the DXPO Stage a special music performance
with the Jakpat research company with the theme by Tulus and get interesting insights into growing with
“Program Undian Berhadiah Perbankan”, Danamon Danamon through a series of DXPO Talks talk shows
listens to the customers and answers their needs by throughout the DXPO period that featured well-known
PROFIL PERUSAHAAN
launching Danamon Hadiah Beruntun. This program influencers such as Den Dimas, Agustinus Michel, Caca
has a unique and unprecedented scheme since it offers Tengker, and Rius Vernandes.
everyone the opportunity to win (#SemuaBisaMenang),
and even win multiple times (#MenangBerkalikali). DANAMON FINANCIAL FRIDAY
Every customer has a chance to win monthly cashback To raise awareness of Danamon’s products and
prizes multiple times monthly prizes drawn in 12 expertise in helping customers obtain comprehensive
regions, and a chance to win the Grand Prize at the end financial solutions, the Marketing Group presents
of the program period with one of the prizes being a a weekly educational program entitled “Danamon
ANALISIS MANAJEMEN
Tesla Model 3. Financial Friday”. This educational series is broadcasted
every Friday through Danamon official YouTube channel
Danamon Hadiah Beruntun is also Danamon’s strategic and Vidio.com, featuring experts from Danamon
PEMBAHASAN
measure to increase the Current Account Savings to discuss how various Danamon products provide
Account (CASA) ratio, to support the achievement of solutions to help the customers with their financial
more competitive credit interest rates and optimal problems.
Net Interest Margin (NIM). Here, Danamon focuses its
efforts on increasing customer portfolio and savings “Lawan Cemas Financial” CAMPAIGN
volume, with a special emphasis on CASA or low-cost To cement its position as a complete and trusted
funds. financial solution, Danamon launched the “Lawan
TINJAUAN OPERASIONAL
Cemas Financial” (fight your financial worries) campaign.
DXPO by Danamon This campaign highlights the phenomenon of people’s
Commemorating its 67th anniversary, Danamon financial worries that normally increase during the Eid
embraced the GROWING TOGETHER theme to reaffirm al-Fitr season and come with psychological pressure
its commitment towards becoming an organization from their close ones on financial stability. As a solution,
that always focused on the financial needs of each of Danamon presents itself as a partner for customers
its customers and aspires to grow with its employees that helps them thrive towards prosperity and conquer
and the society at large. Danamon went beyond their financial worries through the series of products,
providing attractive offerings and promos when the services and channels.
Bank hosted the DXPO by Danamon event at Central
PERUSAHAAN
TATA KELOLA
Park Mall, Jakarta on July 20-23, 2023 to showcase INDONESIA INTERNATIONAL MOTOR SHOW 2023
what its products, services and channels can do to its Danamon worked with Adira Finance to strengthen its
customers, which reaffirmed Danamon’s commitment commitment to support the Indonesian automotive
as a one stop financial solution provider that helps industry with the support from MUFG. This commitment
customers grow and thrive as they achieve various was further shown with extended official partnership
financial goals at every stage of their lives. with the Indonesia International Motor Show (IIMS)
organized by Dyandra Propertindo this year, as the
Official Bank Partner and Official Multifinance Partner,
supported by the already established ecosystem and
DATA PERUSAHAAN
MUFG’s collaborative efforts.
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 131
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PEMBAHASAN
ANALISIS MANAJEMEN
Through this second participation, MUFG, Danamon and ADIRA FESTIVAL 2023
Adira Finance emphasized their aspirations to become To strengthen the position of Adira Finance, Danamon
partners of choice of both banks and multi-finance in and MUFG as providers of one-stop financial solutions
the automotive industry by providing comprehensive for every part of the financial supply chain in the
financial solutions in every automotive supply chain, automotive industry ecosystem to the local community,
from importers, manufacturers, suppliers, distributors, Danamon fully supports the Adira Festival series held
dealers, including small and medium entrepreneurs in 5 cities, from Medan, Surabaya, Yogyakarta, Jakarta,
in the aftermarket, spare parts and accessory sellers, to Makassar where the peak of Adira Finance’s 33rd
by offering them solutions for transaction-funding, anniversary celebration was celebrated on December
protection and loan needs. At the other end of the 9-10, 2023, where more than 120,000 visitors and 600
chain, Danamon offers a variety of consumer loans MSME partners enjoyed themselves.
through Adira Finance, along with other consumer
products such as credit cards, savings, bancassurance Through the 2023 Adira Festival, Adira, Danamon and
and investments. MUFG hoped to build healthy long-term relationships
with customers and strong collaboration with groups
BRIDESTORY MARKET 2023 and business partners in order to make Adira Finance
Danamon was present at Bridestory Market 2023 as the the main financing company of choice for the Indonesian
main sponsor that helped visitors realize their dream people through excellent products from collaboration
wedding day, as well as their post wedding financial with Danamon, the Prima auto loan. Besides Indonesian
management as they start a new family. Danamon’s culinary delights, the Adira Festival in each city was
participation in this event was consistent with the Bank’s successful in entertaining hundreds of thousands of
commitment to present itself and grow with customers visitors through the Musikaria stage where famous
at every step and stage of their lives through various singers and bands from Jakarta performed such as
financial solutions that help them have a better control KOTAK, Jamrud, Armada, Wali, JKT 48 to Dewa 19.
over their various financial goals and needs. Held in Hall
3 and 3A Indonesia Convention Exhibition (ICE), BSD, Furthermore, at the Adira Festival the visitors could
Bridestory Market held on October 5-8, 2023 featured also visit the Adira Expo, an automotive exhibition
various wedding packages with attractive promos and area for both new and used cars, spare parts, business
discounts from hundreds of wedding vendor booths exhibition (franchise), test ride, driving license, and
that offer dozens of categories, such as photography, moservice (oil change) and get attractive and special
dresses bridal, venue, decoration, wedding organizer, offers such as Prima auto loan rates starting from
jewelry, invitations, catering, and many more. 2.19% and 33% cashback for every transaction in the
Food and Beverage area.
JAK-JAPAN MATSURI 2023
Danamon together with MUFG and Adira Finance again “SOLUSI INVESTASI CERDAS” DANAMON WEALTH
supported the Jak-Japan Matsuri (JJM). In accordance MANAGEMENT
with the theme raised “Indonesia & Japan Always “Solusi Investasi Cerdas” is a campaign to fulfill our
Together”, in line with the group’s commitment to promise to provide one-stop wealth management
supporting Indonesia’s long-term economic growth solutions to investors with the offering of a
through strengthening bilateral relations between comprehensive choice of wealth management products
Indonesia and Japan. This collaboration also reflects the including Foreign Exchange, Mutual Funds, Bonds and
synergy between Danamon, MUFG and Adira Finance Structured Products as well as investor access to our
which complement each other to create comprehensive investment advisors.
financial solutions for each customer segment.
Danamon as a hybrid bank has a unique position that Danamon Wealth Series holds regular events as part
can combine strong local capabilities and networks of the Smart Investment Solutions campaign to inform
with Adira Finance as a subsidiary, and is supported by our customers on the latest market developments,
MUFG’s global network and extensive and international new wealth management product launches, new
capabilities. wealth management features at D-Bank PRO, as
well as increasing investors’ awareness of our wealth
management capabilities through “Solusi Investasi
Cerdas” campaign.
132 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
DANAMON JCB PRECIOUS CREDIT CARD BUSINESS & INVESTMENT MATCHING FAIR 2023
The Danamon JCB Precious Credit Card was launched to Together with MUFG, Danamon hosted a series of
be the best complementary card for the ‘free yourself Business and Investment Matching Fair 2023. The
from boring routines’ (#BebasDariRutinitas) campaign purpose of this event was to connect corporate
that allows users to enjoy the many optimum benefits customers in the MUFG ecosystem and provide access
LAPORAN MANAJEMEN
as well as features on every card transaction. The for start-ups to access potential investors.
Danamon JCB Precious Card also allows its users who
are mid income earners to enjoy the convenience of Around 115 customers, 150 start-ups and three
escaping their boring routines by traveling, doing their financing entities under MUFG attended the two events.
other hobbies such as cooking, and spending time with The online Business Matching session was held on
colleagues and family while having a variety of culinary February 22 and 24, while the face-to-face session was
delights. held on February 27 at the Grand Ballroom, Kempinski
Hotel Jakarta. For the first time, MUFG and Danamon
RELAUNCH OF THE DANAMON PRIVILEGE CAMPAIGN also held an Investment Matching forum for start-
In an effort to increase awareness and reach out to ups. This Investment Matching Forum was supported
PROFIL PERUSAHAAN
a wider audience, Danamon Privilege launched a by MUFG’s investment units, namely MUIP, KFIN and
campaign in 2023 with an updated brand promise, MARS Capital, who met with Indonesian start-ups to
“Menjaga Setiap Generasi, Menjaga Setiap Aspirasi” provide business insights and discuss collaboration
Danamon Privilege Services aims to assist customers opportunities.
in developing and protecting welfare that is relevant
for every generation given the difference of aspirations DANAMON GOLF EVENT 2023
they may each may have both in life and financial goals. In order to strengthen relations between Danamon
and corporate customers, every year Danamon holds
ANALISIS MANAJEMEN
This campaign also highlighted Danamon Privilege’s the Danamon Golf Event. In 2023, Danamon again held
Unique Value Proposition, namely Travel & Medical this event at Sedayu Indah Golf PIK on August 26, 2023.
Benefits that offers various privileges and conveniences Apart from inviting customers, this year Danamon also
PEMBAHASAN
for customers. Apart from that, Danamon Privilege also used environmentally friendly products as souvenirs
provides complete banking solutions supported by 4 produced by one of its customers, EIGER. This
service pillars, namely Wealth Advisory, Wealth Growth collaboration is expected to strengthen cooperation
and Preservation, World of Privileges and Convenient between Danamon and corporate customers.
Access.
DANAMON WEALTH SERIES MARKET OUTLOOK
DANAMON PAYLIGHT CARD EVENT 2023
TINJAUAN OPERASIONAL
The Danamon PayLight Card was launched exclusively in Danamon Wealth Series Market Outlook Event is held
2023 with various features specifically designed to help in collaboration between PT Bank Danamon Indonesia
the younger generation manage their finances more Tbk and Partner Asset Management. This event takes
effectively, build a good credit record, while keeping the form of a talk show to provide insight into the latest
control of their spending. Through this card, users can global and domestic economic conditions, and how to
live an #AntiRibet life and fulfill various financial needs capture opportunities in the current conditions and
that are #JadiRingan. challenges.
DANAMON CREDIT CARD ONBOARDING DIGITAL D-Bank PRO by Danamon #SelaluMenggoda
CAMPAIGN D-Bank PRO by Danamon is a One Control Application
PERUSAHAAN
TATA KELOLA
Danamon launched an online Credit Card application that gives customers a lot of the comfort in meeting
process with just one minute approval time, in response banking, financial transaction, and lifestyle needs.
to the public’s need for easy and fast banking services. The product answers the current shift of customer/
Currently, customers who have a Danamon Credit Card user purpose from initially only saving money and
in #1Menit can immediately use a Virtual Credit Card making transactions to meeting a variety of other
to shop online. Customers can apply for a credit card lifestyles needs such as Top Up for game vouchers,
from various Danamon Credit Card options according ticket purchases, e-commerce transactions, credit/
to their needs. data package purchases, top up for e-wallet, purchase
of TV and internet vouchers, payment of monthly
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 133
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PEMBAHASAN
ANALISIS MANAJEMEN
utility bills such as electricity and water, payment of STRATEGY AND ACTION PLAN 2024
auto and health insurance, making foreign exchange • Building awareness of Danamon’s Brand through
transactions, paying credit cards and even public branding, products, services and channels.
services (BPJS and Tax). • Building awareness of Danamon’s Brand by being
present and relevant in customers live.
Danamon hopes that D-Bank PRO #SelaluMenggoda • Building awareness of the Danamon Brand as
will entice smart and fashionable young people with a trusted modern bank with global and local
the offering of convenience and attractive benefits capabilities.
especially for those who seek to manage their finances. • Refreshing the Bank’s Image through brands and
The various features and benefits makes D-Bank PRO a products, as well as through internal Danamon
choice that #SelaluMenggoda (entice) the young people employees (Danamoners).
into better managing their finances to realize their • Strengthening solution-based communications
financial goals. for products, services and channels as a value
proposition based on a combination of superior
There were 4 features highlighted in 2023, including: products, services and channels as well as strong,
- Transaction: QRIS promos at various favorite meaningful and relevant communications that
merchants with special cashback and free transfers build strong emotional connections; Positioning our
or e-wallet top ups using tabungan Danamon Save. product features, services and selected channels
- Foreign Currency: FX (foreign currency) feature to help customers identify their financial needs,
with competitive exchange rates with minimum find solutions and have better control over their
transaction of Rp10,000. finances.
- Credit Card: for better cash flow where transactions
can be converted to installments with My Own
Installment feature.
- Protection: meet your insurance needs with Zurich
that offers auto and health insurance.
Under the very same #SelaluMenggoda campaign,
Danamon through D-Bank PRO #SelaluMenggoda
collaborated with Danamon Peduli and Sunyi Academy
to present a silence sharing program. Kopi Sunyi is a
coffee shop served by deaf baristas or their immediate
circles with other form of disabilities. Sunyi Academy’s
mission to equip the disabled with a skill that can
make them self-reliant and prosper, consistent with
Danamon’s vision to Care for and Help Millions Reach
Prosperity.
134 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
SHARIA
BANKING
LAPORAN MANAJEMEN
“Danamon’s Sharia Business Unit continues
to support the development of digital banking
services to meet community needs by providing
comprehensive solutions through the Digital
PROFIL PERUSAHAAN
Platform as one-stop Halal Solutions with
Sharia Savings, Sharia Saving Plan (Hajj, Umrah,
Qurban, Education, etc.), and Digital ZISWAF.”
ANALISIS MANAJEMEN
PEMBAHASAN
SHARIA BANKING INDUSTRY Danamon Sharia serves all segments, from consumers
By the end of 2023, 86.7% of Indonesia’s population or and SMEs to corporations and financial institutions
around 240 million people were Muslims, making it one to meet customer needs by continuously developing
of the countries with the largest Muslim population in and strengthening Sharia Banking through business
the world. This year, Islamic banking assets in Indonesia expansion, product development, and strengthening
grew by 10.94% to Rp831,958 trillion. Sharia banking relationships with leveraging concepts both in terms of
TINJAUAN OPERASIONAL
growth is projected to remain on positive trajectory, infrastructure and distribution networks.
supported by Indonesia’s economic recovery.
This growth is supported by the strong business network
The Islamic banking market share had increased to within MUFG group, which is the bank’s strength in
7.27% by September 2023, indicating a tremendous developing Sharia businesses.
opportunity for the development of the Islamic industry.
As a country with the largest Muslim population PRODUCTS AND SERVICES
in the world, Indonesia has great potential for the The development of unique, creative, and digital-
development of the halal ecosystem to encourage the based products is an important factor for the success
growth of the Islamic market share. of Danamon Sharia Banking in all segments of society,
PERUSAHAAN
TATA KELOLA
such as the Consumer, SME, and EB segments.
DANAMON SHARIA BANKING Danamon Sharia Banking offers a range of competitive
Sharia Banking is Danamon’s Sharia Business Unit and customer-oriented products and services, such as:
that is based on sharia principles and managed by
Danamon’s Sharia Business Unit (UUS). The vision of
Danamon Sharia is to help millions of people thrive
towards prosperity based on sharia principles.
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 135
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PEMBAHASAN
ANALISIS MANAJEMEN
• Deposits • Sharia Funding
Sharia digital savings (Danamon Save iB) and In December 2023, sharia funding reached Rp8.8
sharia digital plan savings (Tabungan Perencanaan trillion, growing 56.3% year-on-year. The increase
Syariah iB), allow customers to open an account was due to the leveraging strategy through the
conveniently without the need to visit a Danamon expansion of Danamon’s Sharia Banking Branch
branch. The Pilgrims Savings Account (RTJH) is a Hajj Network, which led to greater growth in third-party
savings account that is directly connected to the fund raising, and by providing distinct halal lifestyle
government’s Integrated Hajj Computerized System solutions that are focused on granular fundraising
(SISKOHAT). Other savings products include Hajj iB through communities and leveraging with MUFG
Plan Savings (Hajj savings), BISA Umrah iB Savings group customers, including ADMF.
(Umrah savings), BISA Qurban iB Savings (qurban
savings), Danamon Lebih iB, Fleximax iB, Giro BISA BUSINESS/PRODUCT FOCUS
iB (current accounts), and iB Deposits. Danamon Sharia provides financial solutions for
customers through a complete, unique, and creative
• Financing range of sharia-based products and services.
Employee Cooperative Financing, Sharia Working
Capital Financing, Sharia Investment Financing, On the funding side, the Sharia Business Unit has
Sharia Leasing Financing, Sharia Trade Financing, launched Digital Sharia On Boarding and digital cash
Sharia Home Ownership Financing, Distributor waqf services as important milestones within the
Financing, Hajj & Umrah Travel Financing, Heavy digital era, and will continue to develop comprehensive
Equipment Financing, and also Sustainable digital-based products by strengthening the funding
Financing (electric vehicles). structure through the community and also business
development related to Hajj and Umrah services. In the
• Bancassurance field of financing, Danamon Sharia Banking continues
Protection Prima Amanah (PPA). to develop a unique financing product, namely Sharia
Leasing which provides great benefits for customers,
• Services especially in the commercial and corporate segments.
Cash Management, Electronic Channel, Digital on The SME segment, Danamon Sharia Banking optimizes
Boarding, Cash Waqf Recipients, and Money Waqf cooperation and collaboration with the MUFG group
Services through Social Banking. by offering Employee Cooperative Financing through
Japanese Companies as its parent company and by
2023 PERFORMANCE developing businesses with other 3rd party cooperation
Danamon Sharia’s assets grew by 25.4% in December (finance companies, BPRS) as well as other business
2023 compared to the corresponding period in the partners. Within the consumer segment, Danamon
previous year (year-on-year) with a profit of Rp164 Sharia Banking strengthens Sharia mortgage financing
billion. This shows that the growth rate far outpaced by promoting halal living.
the growth rate of the banking market in general and
that sales of Islamic products can be further enhanced In line with the development of unique and creative
to attain significant growth. products, Danamon Sharia focuses on socializing
Danamon Sharia’s superior products, namely Sharia
• Sharia Financing Leasing, TRH (Hajj Plan Savings), RTJH (Hajj Plan Savings
Danamon Sharia Banking focuses on developing Account), Social Banking Services, Umrah Savings,
Sharia Lease Financing and Employee Cooperative and sharia insurance products namely Proteksi Prima
Financing. By December 2023, Sharia financing had Amanah, Qurban Savings that has been strongly
grown by 21.5% year-on-year to Rp11.1 trillion. This promoted throughout Danamon’s new distribution
financing growth was mostly contributed by the network.
corporate and consumer segments.
Danamon Sharia continues to improve its human
resources productivity by enhancing their knowledge
and skills, particularly in the areas of product promotion
and Islamic banking.
136 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
Danamon Sharia continues to enhance risk BUSINESS PLAN 2024
management and good corporate governance. The Danamon has developed a number of strategic
infrastructure and technology have been improved and initiatives in line with the Parent Bank’s strategy to
refined to make them more integrated. This initiative further expand its sharia banking services in 2024
has improved the level of services to customers by by developing banking operations by strengthening
LAPORAN MANAJEMEN
streamlining and consolidating several processes relationships with Subsidiary Banks through optimizing
within the parent bank’s system. the branch network as well as infrastructure and will
continue to optimize collaboration with the MUFG
AWARDS Group.
In 2023, Danamon Sharia received several awards in
recognition of its excellent service to customers. These In line with the Bank’s strategy in 2024, Danamon
awards include: Sharia will improve its products and services through
digital banking platforms and will stay oriented towards
• 1st Place - Sharia Business Unit Category Conventional the needs of customers while innovating creative and
Commercial Bank Assets IDR 5 T – 10 T, Infobank unique products in order to stay competitive in this
PROFIL PERUSAHAAN
Digital Brand Award. digital era. Danamon Sharia continues to maintain the
• Golden Recognition – 5 consecutive years in Service principle of prudence in terms of providing financing as
excellence for Sharia Business Unit, Infobank-MRI one of the steps in growing quality sharia assets.
Banking Service Excellent 2023.
• Rank 1 - Sharia Business Unit in Best Teller, Infobank-
MRI Banking Service Excellent 2023.
• Excellence Financial Performance – Islamic Banking
Unit of Commercial Banking in 2022 (Asset Class IDR
ANALISIS MANAJEMEN
5 - <10Trillion)
• 3rd Place - Sharia Business Unit in Banking Service
Excellence Award, Infobank-MRI Banking Service
PEMBAHASAN
Excellent 2023.
• 3rd Place - Sharia Business Unit in Best Walk-in
Channel in Service Excellence, Infobank-MRI Banking
Service Excellent 2023.
• Rank 3 - Sharia Business Unit in Best Walk-in Channel
&; Digital Channel in Service Excellence, Infobank-
MRI Banking Service Excellent 2023.
TINJAUAN OPERASIONAL
• Certificate of Appreciation from Infobank – The
Asian Post in Infobank 12th Sharia Award 2023.
PERUSAHAAN
TATA KELOLA
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 137
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MANAGEMENT
DISCUSSION & ANALYSIS
PT ADIRA DINAMIKA
MULTI FINANCE, TBK.
“Adira Finance continues to diversify its funding
sources through support from joint financing
with its parent company, Danamon, and by
obtaining external borrowings.”
PROFILE long-term relationships with them and therefore create
PT Adira Dinamika Multi Finance, Tbk. (“Adira Finance”) customers for life. Adira Finance wants its customers
was established in 1990 and commenced operations to feel its presence as a best friend (sahabat) who can
in 1991. In 2004, Adira Finance conducted an Initial provide solutions and create synergies in the concept of
Public Offering and PT Bank Danamon Indonesia Tbk “Sahabat Adira” (Friends of Adira).
(Danamon) became the majority shareholder with 75%
ownership. Following subsequent corporate actions, “Sahabat” in the company’s philosophy has a very deep
Danamon currently owns 92.07% of Adira Finance. As meaning as the personality values that Adira Finance
a subsidiary of Danamon, Adira Finance is part of the reflects to its customers: Flexible, Transparent,
MUFG Group, one of the largest banks in the world. Innovative,and Synergistic.
Adira Finance has become a leading company in the BRAND PERSONALITY
financing sector that serves a variety of brands and • Flexible
products. Adira Finance has presented mobile/digital Adira Finance does not make easy things difficult
platforms Adiraku, momobil.id, momotor.id, and and always provides convenience to its customers.
dicicilaja.com. As of December 31, 2023, Adira Finance • Transparent
operates 466 business networks throughout Indonesia, Adira Finance is always open and transparent in
supported by more than 17 thousand employees providing information to its customers.
to serve 2.0 million consumers with total managed • Innovative
receivables reaching Rp55.7 trillion. Adira Finance always provides the right and creative
solutions both at work and in providing products
Adira Finance has a vision of Creating Common and services to its customers.
Values for the Sustainability of the Company and • Synergistic
Prosperity of Indonesian Society. PT Adira Dinamika Adira Finance always instils a spirit of collaboration
Multi Finance, Tbk. in 2015 introduced a new logo and both internally and externally with its customers
brand promise “Sahabat Setia Selamanya”. This tagline and business partners.
exhibits the company’s commitment to build long-
term partnerships in its ecosystem, both internally and LINE OF BUSINESS
externally, such as employees, consumers, business The scope of Adira Finance’s businesses includes
partners, and other stakeholders. investment financing, working capital financing,
multipurpose financing, other business activities, as
The new logo identity is a manifestation of a long-term well as operating leasing and sharia financing based
business strategy to support sustainable performance. on Financial Services Authority’s regulations. The scope
Through a new identity, Adira Finance wants to serve its of the company’s sharia business unit covers sale and
customers in all aspects of their lives in order to build purchase financing, investment financing, and service
financing.
138 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
PRODUCTS AND SERVICES • Adira Finance Secure sufficient liquidity to fund
Adira Finance is one of the leading financing companies business requirement and to meet all financial
in Indonesia that offers a variety of diversified vehicle obligations.
financing products for both new and used motorcycles
and cars from various brands, as well as multipurpose 2. Strategies in managing optimal funding
MANAGEMENT REPORT
financing, durable goods, and others. Adira Finance Throughout 2023, Adira Finance had sufficient
continues to provide customer-centric services to reach liquidity to pay its financial obligations and fund its
customers in a sustainable manner by carrying out business needs using income from its customers’
several product and service innovations to ensure that instalment payment and available funding sources
all consumer needs can be met at Adira Finance. facilities.
Adira Finance offers both conventional and sharia The company continued to diversify its funding
financing for customers to choose. All of these factors sources through continuous support from joint
enable Adira Finance to always be present for its financing with its parent company, Danamon,
customers by providing diverse products and services and external borrowings, including bank loans
COMPANY PROFILE
in accordance with the market segment, target market, and bonds. As of December 2023, joint financing
and consumers’ life cycle, as well as providing a represented 47% of managed receivables.
beneficial experience for all customers (“Sahabat”).
The company’s total external borrowings in
2023 STRATEGIES AND WORK PROGRAMS December 2023 has increased by 53% year-on-year
Adira Finance adopted several strategies and work to Rp16.1 trillion consisting of onshore and offshore
programs to respond to the challenges of 2023, bank loans and bonds & sukuk, each contributing
including: 58% and 42% respectively. As a result, the company’s
DISCUSSION & ANALYSIS
gearing ratio recorded by 1.5 times in 2023.
1. Strategies in Business Development
• Adira Finance strengthen and gain market As part of the Company’s effort to diversify its
MANAGEMENT
share in the automotive business through sources of funding, Adira Finance issues bonds
product diversification and by providing various on an annual basis. Adira Finance issued the
attractive sales programs for customers, as well Continuous Bonds VI Phase I and Continuous Sukuk
as strengthening good relations with our dealers. Mudharabah V Phase I in July 2023, amounting to
• Adira Finance expanded networks to non- Rp2.0 trillion, followed by the Continuous Bonds
automotive businesses by continuing to diversify VI Phase II and Continuous Sukuk Mudharabah V
the products offered to support business growth Phase II in November for Rp1.55 trillion. Both were
OPERATIONAL REVIEW
such as multipurpose loans and durables. oversubscribed 2.3x and 2.6x, respectively, which
• Adira Finance focus to Increase customer demonstrates Adira Finance’s high credibility in
retention by offering loyalty and referral the investor community. In addition, Adira Finance
programs, as well as conducting cross-selling has signed a Social Loan facility with MUFG Bank
based on needs to existing consumers. Thus Ltd., on 20 July 2023, the first of its kind for a multi-
providing a better customer experience to finance company in Indonesia to promote financial
support the growth of the Company’s financing. inclusion.
• Adira Finance accelerate digitalization within the
Company and its ecosystem to improve business Adira Finance has also succeeded in maintaining
efficiency and effectiveness such as performing the highest national and international investment
GOVERNANCE
digital/automation processes and investing ratings at idAAA/stable from Pefindo, and BBB
CORPORATE
in digital businesses (Adiraku, momobil.id, ratings from the international rating agency Fitch
momotor.id, dicicilaja.co.id and etc). Rating. In addition, Moody’s also maintained its
• Adira Finance continued to manage its asset rating at Baa1/stable at the end of 2023, higher
quality in order to keep the NPL ratio under than Indonesia’s national rating, based on its strong
control by applying prudent risk-management capital structure and profitability, asset quality and
principles. liquidity.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 139
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MANAGEMENT
DISCUSSION & ANALYSIS
3. Initiatives to increase productivity and d. Cultivating relationships between
operational excellence employees. Various offline activities were held
a. Strengthening the Organization. The Company such as business trips, morning prayer and
strengthens the organization especially sharing activities, face-to-face events and other
in information technology organization, employee activities which promote the spirit of
organization of digital business, credit and risk, ‘One Adira One’.
and several other functions to support the e. Culture Development which Supports
implementation of its business strategies. Business Initiatives. Various culture
b. Productivity Improvement. Initiatives to development activities undertaken in 2023
increase productivity are carried out through were aimed to empowering of Adira Top values
various programs, including the adjustment (Advance, Integrity, Obsessed and Professional).
of productivity calculation and allocation of f. Improvement of Digital Capability. Through
manpower with consideration of business various programs such as IT transformation,
achievements, business potentials and specific the School of Digital program with certifications
regional characteristics. regarding IT & digital skills.
c. Human Resources development through an g. Improving the role of Change Management.
improved learning ecosystem. The learning The role of Change Management is carried
methods have become more varied according to out by improving the supervision of the
the needs and contexts of the learning objective: implementation of transformation projects
online, offline or hybrid. and the implementation of policies regarding
mindset change, work pattern and employee
behaviour.
2023 PERFORMANCE
Details of the 2023 business performance are outlined in the following table:
2023 2023
Details YoY 2022
Achievement Projection
Total Assets (Rp trillion) 24.5% 24.9 31.0 28.1
Net Profit (Rp trillion) 21.1% 1.6 1.9 1.5
New Financing (Rp trillion) 31.2% 31.7 41.6 38.0
Non- Performing Financing (%) 0.2% 1.7% 1.9% ±2.0%
Market Share-Motorcycles (%) 1.4% 8.2% 9.7% 9.0%
Market Share-Cars (%) 1.0% 4.0% 5.0% 4.7%
140 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
2024 STRATEGIES AND PLANS • Adira Finance continued to manage its asset quality
Adira Finance’s several strategies to be executed in in order to keep the NPL ratio under control by
2024 are as follows: applying prudent risk-management principles.
• Adira Finance strengthen and gain market share • Adira Finance Secure sufficient liquidity to fund
in the automotive business through product business requirement and to meet all financial
MANAGEMENT REPORT
diversification and by providing various attractive obligations.
sales programs for customers, as well as
strengthening good relations with our dealers.
• Adira Finance expanded networks to non- FULL ADDRESS :
automotive businesses by continuing to diversify PT Adira Dinamika Multifinance, Tbk.
the products offered to support business growth Millennium Centennial Center
such as multipurpose loans and durables. 53rd, 56th-61st Floor
• Adira Finance focus to Increase customer retention Jalan Jenderal Sudirman Kav. 25
by offering loyalty and referral programs, as well as South Jakarta 12920
conducting cross-selling based on needs to existing Indonesia
COMPANY PROFILE
consumers. Thus, providing a better customer Phone: (62-21) 3973-3322/3232
experience to support the growth of the Company’s Fax: (62-21) 3973-4949
financing. Website: www.adira.co.id
• Adira Finance accelerate digitalization within the
Company and its ecosystem to improve business
efficiency and effectiveness such as performing
digital/automation processes and investing in
digital businesses (Adiraku, momobil.id, momotor.
DISCUSSION & ANALYSIS
id, dicicilaja.co.id and etc).
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 141
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MANAGEMENT
DISCUSSION & ANALYSIS
ORGANIZATION STRUCTURE OF
ADIRA FINANCE Chief Executive
Officer
Chief of Sales, Service
Chief of Business Alliance & Distribution Officer,
Chief of Portfolio Officer
Strategy Officer concurrently Chief Financial
Officer
Deputy Director - Deputy Director - Head
Deputy Director - Deputy Director -
Head of of National Non Dealer
Chief of Financial Chief of Risk
Retail Motorcycle Channel, Retention &
Officer Officer
Financing Durable
Head of Regional
Head of Non SSD
Head of Head of Head of SND
Head of Business Dealer Head of Corporate Head of Risk
National National System
Alliance Strategy Channel & Finance Management
Commercial Yamaha NMcy Solution
Retention
Head of
Head of Head of Head of
Head of National Analytical, Head of SSD Head of
National New National Head of Keday Operational
Fleet Business MIS & Management Procurement
Car 1 Honda NMcy Risk Management
Compliance
Head of
Head of National Head of MPL Head of Finance Head of Risk
Head of SSD
National New Suzuki & Development & & Cash Analytics
Support
Car 2 Multibrand Analysis Management & MIS
NMcy
Head of Head of Head of Business Head of
Head of Accounting
National Used National Used Partnership Information
& Tax
Car Mcy Management Risk Management
Head of Quality
Head of Sharia
Assurance
Head of Operation Head of Risk Policy
Support Development
142 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
Chief of Credit , Chief of HC Management &
Collection & Legal CREM Officer, concurrently
Officer Chief Marketing Officer
COMPANY PROFILE
Deputy Director
Deputy Director -
Deputy Director - - Head of Digital
Head of Strategy
Head of IT Center of
Transformation
Excellence
Head of Marketing
Head of Head of Digital
Head of Credit Head of IT Business Head of Corporate Strategy & Head of
DISCUSSION & ANALYSIS
Transformation Business
Retail Partner University Customer Internal Audit
Management Automotive
Experience
MANAGEMENT
Head of Business Head of Digital Head of Brand Head
Head of IT
Head of Collection Process Product & Head of HCGA & Corporate Compliance & AML
Development
Improvement Engineering Communication Unit
Head of Corporate
Head of Loan & Head of Digital Head of Corporate
Head of IT Real Estate Head of Business
Asset Business Non Secretary, Investor
Operation Management Analytics
Recovery Automotive Relation & Funding
(CREM)
OPERATIONAL REVIEW
Head of IT
Head of Legal Infrastructure
Management
Head of Credit
Fleet & Head of IT Office
SME
GOVERNANCE
CORPORATE
Head of IT
Governance
Head of IT
Security
Head of IT
CORPORATE DATA
Architecture
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 143
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PEMBAHASAN
ANALISIS MANAJEMEN
FINANCIAL
REVIEW
In 2023, Danamon posted net profit after tax of Rp3.50 The following financial reviews are based on Danamon
trillion, increased by 6.1% compared to 2022. In addition, and its subsidiary consolidated financial statements
loans - net and Consumer financing receivables & position as of 31 December 2023, and consolidated
Finance lease receivables - net also increased by 19.4% financial performance and consolidated cash flows
and 24.8% to Rp136.31 trillion and Rp27.64 trillion, for the corresponding fiscal year, in accordance with
respectively. From the liabilities side, Third Party Funds Indonesian Financial Accounting Standards.
(TPF) increased by 11.1% to Rp141.44 trillion.
The Public Accountant Firm Imelda & Partners (a
Danamon NPL ratio (consolidated) was well managed at member firm of Deloitte Touche Tohmatsu Limited)
2.2% at the end of 2023, improved 40bps compared to has audited the consolidated financial statements
2.6% at the end of 2022. In addition, NPL Coverage ratio conducted by Elisabeth Imelda with License of Public
stood at 265.9%, increased compared to 230.8% at the Accountant No. AP.0849 based on auditing standards
end of previous year. set by the Indonesian Institute of Certified Public
Accountants with an unmodified opinion.
(in Rp billion)
2023 2022
Description
Retail 1
Wholesale 2
Jumlah Retail 1
Wholesale2 Jumlah
Assets 72,154 134,782 206,936 56,240 126,918 183,158
Liabilities 71,638 84,897 156,535 67,437 69,804 137,241
Net Interest Income 10,622 4,594 15,216 9,104 5,016 14,120
Non-Interest Income 3,206 1,054 4,260 2,845 1,085 3,930
Operating Income 13,828 5,648 19,476 11,949 6,102 18,050
Operating Expenses (8,365) (2,662) (11,027) (7,543) (2,670) (10,214)
Cost of Credit (2,767) (900) (3,667) (1,949) (1,296) (3,246)
Non Operating Income and (68) (19) (87) (109) (44) (153)
Expenses
Restructuring cost - (33)
Profit before Income Tax 4,694 4,405
Income Tax (1,036) (975)
Net Income from Continuing 3,658 3,430
Operations
Net Income 3,658 3,430
Net Profit After Income Tax
3,504 3,302
Attributable to Parent Entity
1. Consists of small and medium enterprises, micro, credit card, Sharia, insurance business, consumer financing, and retail banking.
2. Consists of commercial banking, corporations, financial institutions and treasury.
144 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
LAPORAN MANAJEMEN
CONSOLIDATED FINANCIAL STATEMENTS In line with the increment in assets, the Bank’s total
POSITION liabilities also increased from Rp150.25 trillion in 2022
Danamon posted total assets of Rp221.30 trillion to Rp171.35 trillion in 2023. The liabilities growth was
in 2023, increased by 11.9% compared to Rp197.73 mainly due to an increase in Third Party Funds (TPF) by
trillion in the previous year. The increasing assets was 11.1% to Rp141.44 trillion in 2023. At the end of 2022,
largely due to an increase in loans - net and Consumer Danamon’s TPF was recorded at Rp127.36 trillion.
financing receivables & Finance lease receivables - net
by 19.4% and 24.8% to Rp136.31 trillion and Rp27.64
PROFIL PERUSAHAAN
trillion, respectively.
ASSETS
(in Rp billion)
2023 Growth
Description 2022
YoY
Cash 2,362 2,760 -14.4%
ANALISIS MANAJEMEN
Current Accounts with Bank Indonesia 5,035 6,918 -27.2%
Current Accounts with Other Banks-net 2,134 2,250 -5.2%
PEMBAHASAN
Placements with Bank Indonesia and other banks - net 9,032 7,733 16.8%
Marketable securities - net 5,645 8,792 -35.8%
Loans - net 136,314 114,599 19.4%
Consumer Financing Receivables & Finance Lease 27,645 22,156 24.8%
Receivables - net
Government Bonds 16,318 18,786 -13.1%
TINJAUAN OPERASIONAL
Fixed assets and Right-of-Use Assets-net 2,161 1,926 12.2%
Others 14,659 11,810 24.1%
Total assets 221,305 197,730 11.9%
CASH CURRENT ACCOUNTS WITH OTHER BANKS
Danamon posted cash of Rp2.36 trillion as of Current accounts with other banks in 2023 decreased
31 December 2023, 14.4% lower than the previous by 5.2% to Rp2.13 trillion. Current accounts with
year’s position of Rp2.76 trillion. Cash contributed other banks accounted for 1.0% of total assets in
1.1% of Danamon’s total assets. 2023.
PERUSAHAAN
TATA KELOLA
CURRENT ACCOUNTS WITH BANK INDONESIA PLACEMENT WITH OTHER BANKS AND BANK
Current accounts with Bank Indonesia decreased INDONESIA
by 27.2% to Rp5.04 trillion from Rp6.92 trillion in the Danamon’s placements with Other Banks and Bank
previous year following lower reserve requirements. Indonesia increased by 16.8% to Rp9.03 trillion
in 2023 compared to Rp7.73 trillion in previous
The ratio of Danamon’s reserve requirement in Rupiah year. The increase was driven by higher Rupiah
is 7.10% while reserve requirement in foreign currencies denominated placement in Bank Indonesia by 96.8%
is 2.29% in 2023. in 2023 to Rp5.88 trillion.
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 145
Page 148
PEMBAHASAN
ANALISIS MANAJEMEN
Based on the prevailing BI regulations, all placements with other banks and Bank Indonesia as of 31 December
2023 and 31 December 2022 are classified as current.
MARKETABLE SECURITIES
As of 31 December 2023, Danamon held Rp5.65 trillion of corporate bonds issued by banks and corporations.
Securities issued by corporations have a larger portion at 66.1% compared to securities issued by banks of 33.9%.
MARKETABLE SECURITIES GRAPH
33.9%
24.9%
2023 2022
Banks Corporate
66.1% 75.1%
LOAN BY USAGE GRAPH
57.1% 2023 25.4% 62.3% 2022 23.3%
17.5% Working Capital Consumer Investment
14.4%
GOVERNMENT BONDS Meanwhile, based on the types and orientation of use,
Danamon’s government bonds decreased by 13.1% working capital loans still had the largest portion of
from Rp18,79 trillion in 2022 to Rp16,32 trillion 57.1% in 2023 while investment loans accounted for
in 2023. This decrease was driven by lower government 17.5% of total loan. Cumulatively, the two types of credit
bonds denominated in both Rupiah and Foreign for productive purposes contributed 74.6% of loans in
Currencies. 2023. In addition, Consumer loans increased by 29.1%
to Rp36.47 trillion in 2023.
LOANS
In 2023, the net loans reached Rp136.31 trillion, 19.4% Loans outstanding based on Industry sector was
higher than its position in 2022, while gross loans grew dominated by the household and manufacturing sector
by 18.5% YoY and reached Rp143.65 trillion. which reached Rp36.25 trillion and Rp27.56 trillion,
respectively, with a portion of 25.2% and 19.2% of total
Based on currency type, loans denominated in Rupiah loans (gross) respectively. The wholesale and retail
and foreign currencies were up by 19.7% and 7.9% sector recorded the third largest loan outstanding of
respectively in 2023. The portions of these two types of Rp27.47 trillion or representing 19.1% in 2023.
loans are 90.6% and 9.4% respectively in 2023.
146 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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LOAN BY ECONOMIC SECTOR GRAPH
25.2% 4.2 % 23.3%
3.5%
5.3%
5.3%
14.9%
LAPORAN MANAJEMEN
13.7% 10.4%
2023 2022
12.8%
19.1% 20.7%
19.2% 22.4%
Wholesale and Retail Trading Manufacturing Financial Intermediary Transportation, warehousing, and communications Construction Household Others
(in Rp billion)
2023 Growth
Description 2022
PROFIL PERUSAHAAN
YoY
Wholesale and retail 27,467 25,108 9.4%
Manufacturing 27,555 27,146 1.5%
Financial intermediary 18,431 16,616 10.9%
Transportation, warehousing, and communications 7,535 6,428 17.2%
Construction 5,048 5,062 -0.3%
Households 36,251 28,251 28.3%
ANALISIS MANAJEMEN
Others 21,364 12,645 68.9%
Total-gross 143,651 121,256 18.5%
PEMBAHASAN
Based on geographic region, loans are concentrated in the areas of Jakarta, Bogor, Tangerang, Karawang, Bekasi,
and Lampung. Total loans in these areas amounted to Rp102.30 trillion in 2023 or representing 71.2% of total loans.
In previous year, the portion of outstanding loans in that region was also the highest, at 71.5%.
(in Rp billion)
2023 Growth
TINJAUAN OPERASIONAL
Description 2022
YoY
Jakarta, Bogor, Tangerang, Karawang, Bekasi, and
102,296 86,737 17.9%
Lampung
West Java 6,802 6,153 10.5%
North Sumatra 10,045 7,189 39.7%
East Java 7,433 5,835 27.4%
Central Java and Yogyakarta 6,027 5,861 2.8%
Sulawesi, Maluku, and Papua 4,403 3,633 21.2%
Kalimantan 3,256 2,530 28.7%
PERUSAHAAN
TATA KELOLA
South Sumatra 2,100 2,020 4.0%
Bali, NTT, and NTB 1,289 1,298 -0.7%
Total-gross 143,651 121,256 18.5%
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 147
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PEMBAHASAN
ANALISIS MANAJEMEN
PRIME LENDING RATE
Following are the Prime Lending Rate calculated and published at the end of December 2022 and 2023:
(in Rp billion)
Description 2023 2022
Corporate Loans 8.50% 8.50%
Retail Loans 9.00% 9.00%
Consumer Loans
• Mortgage 8.00% 8.25%
• Non-Mortgage 9.25% 9.25%
The weighted average effective interest rate per annum for the year ended 31 December 2023 was 8.4% for Rupiah
and 6.0% for foreign currencies. In the previous year, the effective interest rates were 7.6% and 3.7%, respectively.
CONSUMER FINANCING RECEIVABLES AND FINANCE LEASE RECEIVABLES
In addition to bank loans, loans that Danamon provides on a consolidated basis also include consumer financing
receivables and finance lease receivables through its subsidiary, Adira Finance. Net consumer financing receivables
and finance leases grew by 24.8% to Rp27.64 trillion in 2023, from Rp22.16 trillion in previous year.
Collectability of Loans, Consumer Financing and Finance Leases
Description 2023 2022
NPL-gross 2.2% 2.6%
Special Mention 8.0% 7.7%
Current 89.8% 89.7%
FIXED ASSETS AND RIGHT-OF-USE ASSETS
Danamon’s fixed assets and Right-of-use assets in 2023 increased by 12.2% to Rp2.16 trillion from
Rp1.93 trillion in the previous year. The increase was mainly due to the on going branch transformation projects
in major cities across Indonesia to serve our customers better.
(in Rp billion)
2023 Growth
Fixed Assets 2022
YoY
Land 614 615 -
Building 616 550 12.0%
Office Supplies 302 189 59.8%
Motor vehicles 10 14 -28.6%
Total fixed assets - net 1,542 1,368 12.7%
Rights of use assets
Cost 1,091 934 16.8%
Accumulated amortization (473) (376) 25.8%
Net book value 618 558 10.8%
Total fixed assets and right of use assets 2,161 1,926 12.2%
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OTHER ASSETS LIABILITIES
Danamon’s other assets comprising of accounts To support the loan growth, Danamon’s funding
other than those described above. The total other sources consist of customer deposits, deposits from
assets reached Rp14.66 trillion in 2023 from Rp11.81 other banks, securities issued and borrowings.
trillion in the previous year.
LAPORAN MANAJEMEN
(in Rp billion)
2023 Growth
Liabilities 2022
YoY
Customer Deposits 138,412 124,960 10.8%
Deposits from Other Banks 3,032 2,395 26.6%
Total Third Party Funds 141,444 127,355 11.1%
Bonds Payable 6,694 5,381 24.4%
Borrowings 8,321 4,428 87.9%
PROFIL PERUSAHAAN
Subordinated Loans 25 25 -
Others 14,861 13,062 13.8%
Total 171,345 150,251 14.0%
DEPOSITS FROM CUSTOMERS
Danamon’s Customer’s deposits amounted to Rp138.41 trillion. In 2023, customer deposits composition comprising
of Current and Savings Accounts (CASA) from customers stood at 52.3% compared to time deposits portion of 47.7%.
ANALISIS MANAJEMEN
Deposits from customer’s contribution to total liabilities reached 83.2% and 80.8% in 2022 and 2023, respectively.
PEMBAHASAN
DEPOSITS FROM CUSTOMERS GRAPH
27.6% 25.1%
2023 48.1% 38.2% 2022
TINJAUAN OPERASIONAL
24.3% 36.6%
Current Account Savings Time Deposits
(in Rp billion)
2023 Growth
Description 2022
YoY
Current Account 33,580 31,426 6.9%
PERUSAHAAN
TATA KELOLA
Savings 38,169 47,786 -20.1%
Time Deposits 66,663 45,747 45.7%
Total 138.412 124,960 10.8%
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 149
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PEMBAHASAN
ANALISIS MANAJEMEN
DEPOSITS FROM OTHER BANKS The total borrowings received in 2023 was worth
Danamon also has deposits from other banks as a Rp8.32 trillion, an 87.9% increase from previous
funding source for business expansion. In 2023, deposits year’s position of Rp4.43 trillion. An increase in the
from other banks reached Rp3.03 trillion, up by 26.6% borrowings received was mainly due to higher Rupiah
from the previous year’s position of Rp2.40 trillion. The denominated borrowings from Rp3.64 trillion to Rp8.09
contribution of this account to total liabilities is 1.6% trillion in 2023. The borrowings received came from
and 1.8% for 2022 and 2023 respectively. various institutions either abroad or domestic which
demonstrates Danamon group’s high flexibility in
SECURITIES ISSUED obtaining funding sources.
On a consolidated basis, Danamon’s outstanding bonds
reached Rp6.69 trillion in 2023, 24.4% higher than the SUBORDINATED LOANS
previous year’s position of Rp5.38 trillion. Danamon’s Danamon has a strong financial support from the
subsidiary, Adira Finance, issue bonds to support controlling shareholder. On 27 November 2018, the
financing business activities. Adira Finance’s total bonds Bank entered into a subordinated loan agreement
that have not yet matured minus underwriting fees and amounted to Rp25.00 billion with fixed interest rate
others are Rp5.84 trillion in 2023, higher than Rp4.94 of 9.27% with MUFG Bank, Ltd., a related party. The
trillion in the previous year. All Adira Finance’s bonds subordinated loan was fully disbursed from MUFG
were rated idAAA by Pemeringkat Efek (Pefindo). Bank, Ltd. on 4 December 2018. The subordinated loan
has been extended on 4 December 2023 with fixed
In addition, Adira Finance has a Sukuk Mudharabah interest rate of 7.33% per annum and will mature in 5
of Rp859.00 billion in 2023, higher than the previous years from the loan extension date.
year’s position of Rp441.00 billion. All of Adira Finance’s
Mudharabah sukuk were also rated idAAA(sy) by EQUITY
Pemeringkat Efek (Pefindo). Danamon booked a stronger equity in 2023, reaching
Rp49.96 trillion. This was largely supported by a 6.8%
Furthermore, bonds issued by Danamon has fully increase in retained earnings to Rp35.23 trillion in 2023.
matured in 2022.
BORROWINGS
Danamon’s subsidiary, Adira Finance, also has a long-
term financing scheme with a term of more than one
year as another source of stable funding.
(in Rp billion)
2023 Growth
Description 2022
YoY
Issued and fully paid 5,996 5,996 0.0%
Additional paid-up capital 7,986 7,986 0.0%
Other equity components 18 (120) 115.0%
Retained earnings 35,236 32,982 6.8%
Non-controlling interests 723 635 13.9%
Total 49,959 47,478 5.2%
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CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
(in Rp billion)
2023 Growth
Description 2022
YoY
Interest income 20,210 17,393 16.1%
LAPORAN MANAJEMEN
Interest expense (4,994) (3,273) 52.6%
Interest income – net 15,216 14,120 7.8%
Other operating income – net 4,260 3,930 8.4%
Other operating expenses (14,694) (13,459) 9.2%
Net operating income 4,782 4,591 4.2%
Non-operating income-net (88) (187) 52.9%
Income before tax expense 4,694 4,405 6.6%
Tax expense (1,036) (975) 6.3%
Net income 3,658 3,430 6.6%
PROFIL PERUSAHAAN
Total comprehensive income for the year 3,698 2,880 28.4%
Net profit attributable to:
Parent entity 3,504 3,302 6.1%
Non-controlling interests 154 127 21.1%
Total comprehensive income for the year attributable
to:
Parent entity 3,549 2,746 29.2%
Non-controlling interests 149 134 11.9%
ANALISIS MANAJEMEN
Net income per share (full amount) 359 338 6.2%
PEMBAHASAN
NET INTEREST INCOME NET OPERATING INCOME
Helped by increasing interest income in 2023, Danamon Danamon posted a net operating income of Rp4.78
booked a 7.8% YoY growth in net interest income to trillion in 2023. This achievement was 4.2% higher
Rp15.22 trillion from Rp14.12 trillion in the previous than the previous year’s position of Rp4.59 trillion. The
year. growth was mainly due to higher interest income.
OTHER OPERATING INCOME INCOME BEFORE TAX EXPENSE
TINJAUAN OPERASIONAL
Other operating income reached Rp4.26 trillion in 2023, In line with the higher net operating income, Danamon
improved by 8.4% compared to the previous year level, posted a profit before income tax of Rp4.69 trillion in
mainly driven by higher realized gain from derivative 2023, up 6.6% compared to the previous year’s position
instruments - net. of Rp4.41 trillion.
OTHER OPERATING EXPENSES NET INCOME ATTRIBUTABLE TO OWNERS OF
Other operating expense accounts increased 9.2% THE PARENT
YoY from Rp13.46 trillion to Rp14.70 trillion in 2023. Net income attributable to Owners of the Parent Entity
Danamon’s other operating expenses was dominated increased 6.1% from the previous year to Rp3.50 trillion
by salaries and employee benefits as well provision in 2023.
PERUSAHAAN
TATA KELOLA
for impairment losses. These two other operating
expense components amounted to Rp6.14 trillion In 2023, Danamon’s earning per share reached Rp359
and Rp3.67 trillion in 2023, respectively. In previous per share (full amount), an increase compared to Rp338
year, these two components were Rp5.67 trillion and per share (full amount) in previous year.
Rp3.25 trillion, respectively.
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 151
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PEMBAHASAN
ANALISIS MANAJEMEN
Consolidated Statements of Cash Flows
(in Rp billion)
2023 Growth
Description 2022
YoY
Net cash provided from/(used by) operating activities (6,409) (8,211) -22.0%
Net cash provided from/(used by) investing activities 1,445 11,554 -87.5%
Net cash provided from/(used by) financing activities 3,878 (2,042) 289.9%
Net increase/(decrease) in cash and cash equivalents (1,086) 1,302 -183.4%
Cash and cash equivalents at beginning of the year 19,661 18,261 7.7%
Cash and cash equivalents at the end of year 18,563 19,661 -5.6%
CASH FLOWS FROM OPERATING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES
Danamon posted a net cash used by operating activities Danamon reported that net cash provided for financing
of Rp6.41 trillion in 2023. This was 22.0% lower than activities of Rp3.88 trillion in 2023, increased 289.9%
previous year’s net cash used by operating activities of from previous year’s net cash used for financing
Rp8.21 trillion in line with decrease of treasury assets activities of Rp2.04 trillion. This increase was mainly
and increase in time deposits. due to higher proceeds from borrowings as compared
to that of the previous year.
CASH FLOWS FROM INVESTING ACTIVITIES
Danamon recorded net cash provided by investment KEY FINANCIAL RATIO
activities of Rp1.45 trillion in 2023, a 87.5% decrease Danamon conducts its business activities prudently and
compared to the previous year’s net cash provided by complied with the regulations of Bank Indonesia, OJK as
investing activities of Rp11.55 trillion. This decrease was well as other prevailing laws and regulations.
mainly due lower proceeds from sales of and matured
marketable securities and Government Bonds in 2023. The Bank is able to meet the financial ratios set by the
regulator amidst the pandemic challenges. Danamon’s
key financial ratios are as follows:
Key Financial Ratios (%) 2023 2022
CAR-Consolidated 27.5 26.3
Gross NPL-Consolidated 2.2 2.6
ROA-Consolidated 1.7 1.7
ROE-Consolidated 8.3 8.3
NIM-Consolidated 7.7 7.7
RIM-Consolidated 97.3 92.1
LDR-Bank Only 96.5 91.0
Cost to Income-Bank Only 51.6 50.0
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DEBT REPAYMENT CAPABILITY AND Profitability Ratio
RECEIVABLES COLLECTIBILITY Danamon’s financial ratios to measure its profitability
and performance efficiency are Return on Average
Debt Repayment Capability Assets (ROAA), Return on Average Equity (ROAE), Net
From an external perspective, the indicator of Interest Margin (NIM), and Operating Expenses to
LAPORAN MANAJEMEN
Danamon’s debt repayment capability is provided by Operating Income (BOPO) ratios.
rating agencies either national or international scale
through their ratings assigned to Danamon. Pefindo, Danamon recorded profitability ratios of ROAA and
a national rating agency, issued an excellent rating for ROAE of 1.7% and 8.3% respectively in 2023, similar to
Danamon by assigning a corporate rating of idAAA with previous year. Meanwhile, Net Interest Margin (NIM)
a Stable outlook. ratio was flat at 7.7% in both 2023 and 2022. On the
other hand, Danamon’s BOPO ratio was recorded at
Meanwhile, an international rating agency Fitch assigns 75.7% in 2023 compared to 72.9% in the previous year.
National Ratings for Long Term and Short Term to
AAA(IDN) and F1+(IDN) respectively, whilst Foreign Liquidity Ratio
PROFIL PERUSAHAAN
Currency Ratings for Long Term and Short Term are The bank’s liquidity management is very important to
BBB and F2, respectively, respectively. The outlook for Danamon since it is closely related to the Bank’s ability
the long-term rating from Fitch is Stable. to meet either short-term or long-term obligations.
Key measures of liquidity risk for Danamon includes
The Bank’s participation in the guarantee program of the Macroprudential Intermediation Ratio (RIM), Loan
the Indonesian Deposit Insurance Corporation (LPS) to Deposit Ratio (LDR), Liquidity Coverage Ratio (LCR)
also strengthens its ability to pay depositors’ third party and Net Stable Funding Ratio (NSFR). These ratios
funds. are 97.3%, 96.6%, 131.8% and 120.9%, respectively
ANALISIS MANAJEMEN
in 2023 compared to 92.1%, 91.0%, 152.5% and
Meanwhile, from an internal perspective, Danamon’s 130.5%, respectively in 2022. All the ratios indicated
ability to meet all obligations, both long-term and ample liquidity for Danamon.
PEMBAHASAN
short-term, is measured through several ratios such as
liquidity ratios, solvency ratios, and profitability ratios. CAPITAL STRUCTURE
Solvency Ratio Capital Structure Components
The capital ratio is one of the parameters used in Danamon is committed to managing a strong and
measuring the solvency ratio. Danamon always ensures healthy capital structure as foundation for sustainable
that its capital is able to meet Capital Adequacy Ratio business growth.
TINJAUAN OPERASIONAL
(CAR) requirement which includes credit risk, market
risk and operational risk. On a consolidated basis, Based on POJK No. 34/POJK.03/2016 regarding Capital
Danamon recorded a CAR of 27.5% in 2023, higher Adequacy Ratio for Commercial Banks, capital of bank
than 26.3% in 2022. Danamon’s CAR ratio exceeded the comprises of:
minimum CAR ratio required by the regulator. • Core capital (Tier 1 capital) comprising of main core
capital and additional core capital
• Supplementary capital (Tier 2)
Core capital comprised 96.3% of Danamon’s total capital
in 2023.
PERUSAHAAN
TATA KELOLA
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 153
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PEMBAHASAN
ANALISIS MANAJEMEN
(in Rp billion)
Bank Only Consolidated
Description
2023 2022 YoY 2023 2022 YoY
Core Capital (Tier-I) 34,157 32,210 6.0% 44,058 41,211 6.9%
Supplementary Capital (Tier-II) 1,596 1,344 18.8% 1,697 1,420 19.5%
Total Capital 35,753 33,554 6.6% 45,755 42,632 7.3%
Credit, Operational, Market Risk
141,110 132,390 6.6% 166,274 161,838 2.7%
Weighted Assets
CAR 25.3% 26.3% -1.0% 27.5% 25.3% 2.2%
Management Policy on Capital Structure Basis for Determining Management Policy on
Management’s policy on capital structure is reflected Capital Structure
in Danamon’s CAR (Capital Adequacy Ratio) as one In setting capital structure policies, management
indicators of the Bank’s capital adequacy. The Bank’s considers various factors amongst others economic
ability to grow and accommodate the possible risk of projections, business growth potential, risk appetite,
loss is measured through CAR. stress testing results, and capital ratio targets. Through
this plan, Danamon is expected to be able to take
Danamon consistently maintains capital adequacy advantage of growth and strategic opportunities,
level above the minimum CAR level stipulated by the perform its business within the corridor of risk appetite
regulator. Danamon’s consolidated CAR ratio reached and comply with prevailing regulations, maximize
27.5% in 2023 compared to 25.3% in 2022. shareholder returns, and survive through various
economic cycles. Supported by data analysis, the Board
Danamon also performed an Internal Capital Adequacy of Directors and Commissioners of Danamon conduct
Assessment Process (ICAAP) to determine capital planning, studies and discussions related to the Bank’s
adequacy in accordance with the risk profile and capital.
determine strategies to maintain capital levels. The
Bank’s risk profile in 2023 is rated Low to Moderate Commitments and Contingencies
(2). In accordance with POJK No. 34/ POJK.03/2016 and Danamon’s loan facility commitment to customers as
SEOJK No.26/SEOJK.03/2016, CAR that must be provided well as contingencies, including in the form of income in
by considering the risk profile rating of Low to Moderate settlement and bank guarantees received.
(2) and Basel 3 Capital Buffer in 2023 is 9.0%.
Cumulatively, in 2023 total commitment liabilities and
net contingent liabilities amounted to Rp12.48 trillion
or a 68.0% increase compared to the previous year’s
position of Rp7.43 trillion.
(in Rp billion)
2023 Growth
Description 2022
YoY
Unused loan facilities to debtors 4,923 255 1831%
Outstanding irrevocable letters of credit 853 1,068 -20.1%
Total commitment payable 5,776 1,323 336.6%
Contingent receivables
Guarantee from other banks 744 602 23.6%
Total contingent receivables 744 602 23.6%
Contingent payables
Guarantees issued 7,448 6,710 11.0%
Total contingent payables 7,448 6,710 11.0%
Contingent payables - net 6,704 6,107 9.8%
Commitment payables and contingent payables - net 12,480 7,430 68.0%
154 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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IMPACT OF CHANGES IN INTEREST RATE Material Commitments for Capital Goods
AND FOREIGN CURRENCIES ON BANK Investment
PERFORMANCE Until the end of 2023, Danamon has no material
commitments related to capital goods investment. Thus,
Impact of Interest Rate Changes data related to the name of party making commitments;
LAPORAN MANAJEMEN
Changes in interest rates have an impact towards purpose of the commitments; the source of funds
banking industry by adjusting bank interest rates for expected to fulfil these commitments; the currency
retail loans; consumers, including mortgages. Bank being denominated; and the Company’s plans to hedge
Indonesia has increased the 7-Day Reverse Repo Rate the risk from its associated foreign currency position
(BI7DRR) for several times since the end of 2022 from are not presented in this section.
5.5% to 6.0% at the end of 2023.
Capital Expenditures Realized in The Last
The impact of interest rates changes on the performance Fiscal Year
of the Bank can encourage more optimal credit Danamon invests in capital goods in the form of fixed
absorption, trigger the recovery in economic condition assets comprising of land, buildings, equipment,
PROFIL PERUSAHAAN
so as to improve the Bank’s performance. Danamon’s machinery, office furniture, motor vehicles and
interest rate risk management regularly conducts a non-fixed assets such as system and infrastructure
sensitivity analysis based on a number of scenarios development.
to see the impact of changes in interest rates. This is
important because interest rate risk is the probability Material Information and Facts Occurring
of loss that may occur as a result of the opposite After the Accountant’s Report Date
movement in positions vis-à-vis the interest rate market There is no material information and facts that occurred
or the Bank’s transactions. after the date of the accountant’s report.
ANALISIS MANAJEMEN
Impact of Foreign Currencies Changes Comparison of 2023 Target and Realization
Foreign exchange rate risk arises from on and off- Indonesia’s economy in 2023 has started to recover,
PEMBAHASAN
balance sheet positions in both assets and liabilities which has caused Danamon’s profitability and loans to
through transactions in foreign currencies. Danamon increase compared to the previous year. The Bank was
measures foreign exchange rate risk in order to able to exceed the loan and net profit target set in the
understand the impact of exchange rate movements previous year.
on the Bank’s income and capital.
Dividend Policy
Investment Properties Based on the decision of the Annual General Meeting
TINJAUAN OPERASIONAL
Danamon does not own property assets that are of Shareholders (“AGMS”) dated 29 March 2023, it was
used for investment purposes until the period ended decided amongst other to distribute cash dividends
31 December 2023. for 2022 financial year, representing 35.0% of the 2022
net profit or approximately Rp1,155,809,900,000 or
amounting to Rp118.26 per share.
The dividend payments for the last 3 financial years are as follows:
Dividend per General &
Total Dividend
Share for series Mandatory
Fiscal Year AGMS date % Net Profit Payment Payment date
A and series B Reserves
PERUSAHAAN
TATA KELOLA
(Rp Billion)
(Rp full amount) (Rp Billion)
2022 29-Mar-23 35% 118.26 1,155.8 4-May-23 33.0
2021 25-Mar-22 35% 56.33 550.6 28-Apr-22 15.7
2020 30-Apr-21 35% 36.08 352.7 3-Jun-21 10.1
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 155
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PEMBAHASAN
ANALISIS MANAJEMEN
Employee and/or Management Equity More complete information related to transactions
Ownership Program with related parties can be seen in the attachment
In 2023, Danamon did not have a share option of 2023 audited financial report of PT Danamon Tbk
program for the Board of Directors, Board of (Note No. 47).
Commissioners or employees. Henceforth, the Bank
did not provide related information regarding: INFORMATION ON TRANSACTIONS RELATED
1. Number of ESOP/MSOP shares and their realization; TO INVESTMENTS, EXPANSION, DIVESTMENT,
2. Term of time; ACQUISITION AND RESTRUCTURING
3. Requirements for eligible employees and/or
management; and Investment
4. Exercise price. On 13 January 2023, Danamon has signed a fund
placement agreement with MUFG Innovation
Realization of Proceeds from Public Offering Partners Garuda No.1 Investment Limited
In 2023, Danamon as a parent company did not Partnership (Venture Fund) as a limited partner with
conduct any public offerings, either bonds or shares. a total commitment of USD10,000,000 (10% of total
Thus information related to the total proceeds; funding). The first placement was made on 9 February
plan for the use of proceeds; details of the use of 2023 and the second placement of USD1,000,000
proceeds; proceeds balance; and approval date of was made on 24 November 2023.
the GMS/RUPO for changes in the use of proceeds (if
any) was not presented. Expansion
Danamon did not perform expansion activities in 2023
Important Changes in The Bank and Bank so that information regarding purpose, transaction
Business groups In 2023 value and source of funds for expansion activities are
Danamon reported that there were no important not presented.
changes that occurred in the Bank and the Bank’s
business groups as of 31 December 2023 which Divestment
affected Danamon’s financial position. Danamon did not perform divestment activities in 2023
so that information regarding purpose, transaction
Other Important Transactions in Significant value and source of funds for divestment activities are
Amount not disclosed.
There was no other important transaction in
significant amounts executed by Danamon Acquisition
throughout 2023 other than those described in this Adira Finance will make an equity investment in
Management Discussion and Analysis chapter. PT Mandala Multifinance Tbk (PT MFIN) which is
expected to be completed in early 2024 subject to certain
Material Transactions Containing Conflicts conditional conditions and regulatory approvals. On 23
of Interest June 2023, ADMF has entered into a conditional sale and
Throughout 2023, Danamon did not record purchase agreement in relation to the acquisition of 10%
transactions containing conflicts of interest. of the issued shares of PT MFIN with a transaction value of
Rp873.7 billion.
Transactions with Affiliated Parties/Related
Parties On 2 October 2023. ADMF invested in PT Home Credit
Danamon conducts various transactions with related Indonesia (HCI) with purchase price of EUR23,163,839 (full
parties which are not conflict of interest transactions amount) or equivalent to Rp380.397 which represents
in performing its business activities. The transaction 9.83% of the issued and paid up capital of HCI.
is executed fairly based on normal commercial
terms such as transactions with unrelated parties. Based on prevailing Bank Indonesia requlation,
investments in shares as of 31 December 2023 and 2022
are classified as current.
156 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
On 17 April 2023, the Bank has entered into a portfolio transfer agreement with Standard Chartered Bank Indonesia (SCBI)
to acquire SCBI’s Conventional Retail Loan Portfolio consisting of Credit Cards, Unsecured Loans, Home Loans, and Motor
Vehicle Loans (by ADMF). The acquisition was completed on 8 December 2023, with a final closing statement on 13 March
2024.
LAPORAN MANAJEMEN
Restructuring
There were no debt or capital restructuring activities in 2023. Therefore, Danamon did not provide information related to
restructuring activities in terms of objectives, transaction value and sources of funds for restructuring activities.
REGULATORY CHANGES THAT HAD A SIGNIFICANT INFLUENCE ON BANK AND ITS FINANCIAL
STATEMENTS IN 2023
The main points of the new Impact on
No Regulation regulations or significant changes Impact on Danamon Financial
to the previous regulations Statements
1 SEOJK No.29/SEOJK.03/2022 1. Banks are required to conducts 1. Danamon has made assessments of Has no impact on
concerning Cyber Resilience and self-assessments of the level of the level of cyber security maturity and the composition
PROFIL PERUSAHAAN
Security for Commercial Banks cyber security maturity. submitted a report to the OJK. of the Financial
2. Banks are required to conduct 2. Danamon has conducted cyber Statements.
regular cyber security testing security assessments based on
of network, system and data scenarios and submitted the results to
security based on scenarios and the OJK. The Bank has also assessed its
vulnerability analysis. cyber security based on vulnerability
3. Banks are required to establish analysis and submitted the results
units/functions that handle Bank to the OJK as part of the Current
cyber resilience and security. Condition of Information Technology
Implementation Report.
3. Danamon has set up a unit that
handles cyber resilience and security.
ANALISIS MANAJEMEN
2 PBI No.6 of 2023 concerning 1. Treasury dealers must be Danamon will register treasury dealers Has no impact on
Money Markets and Foreign registered with BI. at Bank Indonesia to comply with the the composition
Exchange Markets 2. BI can set up a Self-Regulatory newly issued BI provisions of the Money of the Financial
PEMBAHASAN
Organization (SRO) to support and Foreign Exchange Markets and make Statements.
the development of the money the necessary adjustments to its Treasury
market and/or foreign exchange Certification Policy.
market.
3. Consumer protection applies to
all parties carrying out activities
in both money and foreign
exchange markets that have direct
contact with consumers. These
provisions are in line with the
new BI regulations regarding Bank
TINJAUAN OPERASIONAL
Indonesia Consumer Protection.
3 POJK No.8 of 2023 concerning 1. Banks are required to conduct a 1. Danamon had aligned internal policies Has no impact on
Implementation of Anti- TPPU TPPT PPSPM risk assessment with these new requirements as of the composition
Money Laundering Programs, of customers, country/geography, December 2023. of the Financial
Prevention of Terrorism products, services, transactions or 2. Danamon has conducted an overall Statements.
Financing, and Prevention of distribution networks and submit yearly risk assessment of the Bank to
Funding for the Proliferation of the risk assessment document, comply with the provisions and will
Weapons of Mass Destruction in namely the Individual Risk submit the results to the OJK no later
the Financial Services Sector. Assessment (IRA), to the OJK every than the end of June 2024.
year.
2. The Bank must proactively take
counter measures against high-
risk FATF countries/jurisdictions.
3. Banks can use the results of
identification and verification
conducted by third parties which
PERUSAHAAN
TATA KELOLA
must meet the criteria and have
their use regulated under written
agreements.
4. Members of the Financial
Conglomeration (KK) must apply
the same APU PPT PPPSPM
standards. The Main Entity in
the KK is responsible for the
implementation and guarantee.
5. Banks are required to align
internal policies with this POJK no
later than December 2023.
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 157
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PEMBAHASAN
ANALISIS MANAJEMEN
The main points of the new Impact on
No Regulation regulations or significant changes Impact on Danamon Financial
to the previous regulations Statements
4 POJK No.12 of 2023 concerning 1. Capital Danamon has complied with the Has no impact on
Sharia Business Units • Existing UUS are required to provisions related to strengthening Sharia the composition
fulfill and maintain business business funds in stages in accordance of the Financial
funds of at least Rp1 trillion no with applicable OJK regulations. Statements.
later than 31 December 2024,
carried out in stages:
a. Rp500 billion on December
31, 2023.
b. Rp1 Trillion on December 31,
2024.
• UUS that does not meet the
business funding requirements
as referred to above (Rp1
trillion) must transfer or sell its
assets or to the existing BUS or
another UUS.
2. Obligation to spin off UUS from
BUK if the UUS’ assets have
reached 50% of the total asset
value of the parent BUK and/or
have reached least Rp50 trillion.
5 PBI No.3 of 2023 concerning 1. Rights and obligations of Danamon will adjust its internal Has no impact on
Bank Indonesia Consumer consumers and payment system provisions regarding Customer the composition
Protection providers (including banks) Protection to comply with the currently of the Financial
and ensure providers educate applicable provisions. Statements.
consumers regarding their rights
and obligations.
2. Additional arrangements for
handling complaints in the event
of disputes through alternative
dispute resolution institutions,
including strengthening
coordination with other
authority bodies such as the OJK,
Associations, Police in handling
consumer protection.
6 POJK No.9 Tahun 2023 perihal 1. Parties (Banks, Issuers, Public • AP, which acts as an engagement Has no impact on
Penggunaan Jasa Akutan Publik Companies) are required to limit partner with Danamon, has currently the composition
dan Kantor Akuntan Publik the services of audited historical been analyzed and has not exceeded of the Financial
dalam Kegiatan Jasa Keuangan. financial information from the 7 (seven) cumulative years, since 2017. Statements.
same Public Accountant (AP) for a • In the Cooperation Agreement
cumulative 7 (seven) years, with a between Danamon and AP KAP always
waiting period in accordance with includes the scope according to the
the AP’s role in the engagement as applicable SEOJK.
follows:
• AP acts as an engagement
partner, with a time lag of 5 (five)
consecutive reporting years.
• AP acts as the person responsible
for reviewing assignment quality
control, with a reporting period of
3 (three) consecutive years.
• AP acts as another audit
engagement partner, with a time
lag of 2 (two) consecutive financial
reporting years.
• The cumulative calculation above
has been accumulated since the
2017 financial year.
2. The Bank asks the Public
Accounting Firm (KAP) to conduct
and provide the results of a self-
assessments of compliance with
restrictions on the use of audit
services and waiting periods.
3. Include the specific audit scope in
the agreement with the KAP. The
details will be regulated in SEOJK.
4. Changes in submitting reports
to OJK. Previously via SIPENA
(unstructured) and now via Apolo
(structured).
158 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
The main points of the new Impact on
No Regulation regulations or significant changes Impact on Danamon Financial
to the previous regulations Statements
7 PBI No.7 of 2023 concerning 1. Exporter’s obligation to place 30% • In order to support government Has no impact on
Export Proceeds Foreign of DHE funds > USD 250,000.00 programs for the DHE instruments, the composition
Exchange (DHE) and Import for at least three months in the Danamon has made guidelines of the Financial
Payment Foreign Exchange (DPI) Indonesian Financial System. for using Natural Resources DHE Statements.
LAPORAN MANAJEMEN
These funds can be placed in the instruments as credit/financing
form of a FCY Account specifically collateral.
for Exporters at the Bank, Foreign • Income, placement and utilization
Currency (FCY) Time Deposit transactions are carried out by the
(FCY), FCY Term Deposit at Bank business team in accordance with BI
Indonesia (BI) through an Agent regulations. The relevant work units
Bank, or an LPEI promissory note. are in the process of adjusting internal
2. Exporters can use these funds as arrangements.
cash collateral for FCY loans or as • Danamon as Bank Agent signed an
the basis for FX Swap transactions addendum to the Agreement with
between Exporters and Banks. BI to transact FCY Term Deposits for
3. Banks are required to provide conventional Open Market Operations.
special markers for funds placed In September 2023, Danamon already
in banking instruments and report reported to BI with new requirements
them to Bank Indonesia every on its August 2023 data.
PROFIL PERUSAHAAN
month.
8 PBI No.10 of 2023 concerning 1. SRBI can be used as PLJP collateral. Danamon has made adjustments Has no impact on
Amendments to PBI No.4 of 2. The value of collateral in the form to the Emergency Funding Policy to the composition
2023 concerning Short-Term of SRBI is set at 100%. accommodate PLJP provisions. of the Financial
Liquidity Loans (PLJP) for Statements.
Conventional Commercial
Banks.
9 PBI No.11 of 2023 and PADG 1. KLM/ GWM Incentive for: Danamon has fulfilled the GWM Has no significant
No.11 of 2023 concerning • Credit or financing to 23 specific calculation with incentives to meet the impact on financial
Macroprudential Liquidity sectors (10 mineral and coal applicable Bank Indonesia regulations statements.
Incentive Policy (KLM). downstream sectors, 8 (eight) related to the Maroprudential Liquidity
downstream sectors other Incentive Policy (KLM).
ANALISIS MANAJEMEN
than the mineral and coal
downstream sector, 4 (four)
housing sectors, 1 (one) tourism
PEMBAHASAN
sector);
• Achievement of RPIM targets;
• Credit or Financing to Ultra
Micro Enterprises (UMi);
• Environmentally friendly credit
or financing which includes
mortgage and auto loan.
2. The KLM amount is set at a
maximum of 4% of the average
third party funds:
• maximum 2% in annual credit
TINJAUAN OPERASIONAL
growth from certain new
sectors (3 month average);
• maximum 1% on RPIM
achievement;
• maximum 0.5% in the Property
& Automotive Industry
(environmentally friendly
credit/financing);
• (new) maximum 0.5% ultra
micro inclusive credit/financing
3. BI provides details of incentives
every 3 (three) months.
4. KLM/GWM incentives start on 1
October 2023.
PERUSAHAAN
TATA KELOLA
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 159
Page 162
PEMBAHASAN
ANALISIS MANAJEMEN
The main points of the new Impact on
No Regulation regulations or significant changes Impact on Danamon Financial
to the previous regulations Statements
10 POJK No.17 of 2023 concerning 1. The term of office for members of Danamon has updated written guidelines Has no impact on
Implementation of Governance the Board of Directors and Board or internal Bank regulations. the composition
for Commercial Banks. of Commissioners is a maximum of the Financial
of 5 (five) years for 1 (one) term of Statements.
office starting from the effective
date of appointment by the GMS.
2. The dismissal/replacement of
the Independent Commissioner,
President Director and
Compliance Director before the
end of their term of office must be
approved by the OJK.
3. The Board of Directors and Board
of Commissioners are required to
ensure that the implementation of
bank risk management includes
Country Risk and Transfer Risk.
4. The share ownership of the
President Director and Compliance
Director as a result of ESOP/
MSOP is not taken into account in
assessing the independence of the
controlling shareholder as long as
it meets certain criteria.
5. The Board of Commissioners is
required to report to the OJK no
later than 5 (five) working days
if there are violations and/or
conditions or predicted conditions
that could harm the bank’s
business sustainability.
6. Requirements for Independent
Party expertise.
11 SEOJK No.19/SEOJK.06/2023 1. LPBBTI is a financial service that In order to explore collaboration in Has no impact on
concerning the Implementation connects fund providers with lending through fintech companies, the composition
of Information Technology- fund recipients directly through Danamon will collaborate only with of the Financial
Based Joint Funding Services an electronic system using the companies that have permits and are Statements.
(LPBBTI) internet (peer-to-peer lending/P2P registered with the OJK and meet other
lending). regulatory criteria.
2. P2P business activities include
system provision, management
and electronic operations.
3. P2P lending must have permission
from the OJK and be registered
as an electronic system operator
(PSE) with the relevant regulatory
authority.
4. Financing risks arising from P2P
lending transactions must be
borne by the fund provider. P2P
can facilitate risk mitigation (for
example billing, insurance).
5. OJK sets a maximum limit for
economic benefits (i.e. interest,
fees/commissions, late payment
fines, etc.).
160 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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RINGKASAN
KINERJA
Changes in Accounting Policies
The following standards, amendments and annual improvements became effective since 1 January 2023 and are
relevant to the Bank and Subsidiary:
• Amendment to PSAK 1 “Presentation of Financial Statement” related to Liabilities Classification as Short or Long-
term and Disclosure of Accounting Policies;
LAPORAN MANAJEMEN
• Amendment to PSAK 16 “Property, Plant and Equipment” related to Proceeds before Intended Use;
• Amendment to PSAK 25 “Accounting Policies, Changes in Accounting Estimates and Errors” related to Definition
of Accounting Estimates;
• Amendment of PSAK 46 “Income Tax” on Deferred Tax related to Assets and Liabilities arising from a Single
Transaction which adopted from Amended IAS 12 Income Taxes on Deferred Tax related to Assets and Liabilities
arising from a Single Transaction; and
• Amendment of PSAK 107 “Ijarah Accounting”.
The implementation of PSAK above does not cause significant change to the financial reporting and disclosure in the
consolidated financial statements.
PROFIL PERUSAHAAN
ANALISIS MANAJEMEN
PEMBAHASAN
TINJAUAN OPERASIONAL
PERUSAHAAN
TATA KELOLA
DATA PERUSAHAAN
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 161
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Page 165
OPERATIONAL
REVIEW
165 Risk Management
322 Human Capital Management
326 Information Technology
330 Operations
Page 166
OPERATIONAL
REVIEW
RISK
MANAGEMENT
PT BANK DANAMON INDONESIA TBK
2023 ANNUAL REPORT
164 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
RISK
MANAGEMENT
MANAGEMENT REPORT
“The risk management implementation and
internal control is an important part of the
Bank’s operations and activities in ensuring
COMPANY PROFILE
the realization of healthy and sustainable Bank
business growth.”
DISCUSSION & ANALYSIS
The implementation of risk management within In managing risks, the risk management team takes the
MANAGEMENT
Danamon and its subsidiary continues to be improved following approach:
in line with the changes in regulations, risk and 1. To be a trusted partner for the line of business by
business complexity. The purpose of risk management ensuring transparent and appropriate Risk Appetite,
implementation is to identify, measure, monitor, and resulting in positive outcomes for our clients,
control various potential risks in all operating units, employees, regulators, and shareholders.
both in the line of business and supporting units. 2. To be a strong advocate of corporate values and
principles, supported by a robust risk framework
OPERATIONAL REVIEW
Danamon considers Risk Management to be an integral that is well-defined, well-communicated, and pre-
part of its business strategy, thereby promoting a emptive in nature.
strong risk culture that is well-embedded in the overall 3. To provide best policies, models, tools, and
day-to-day decision-making, operational activities, and frameworks that assist in measured and sound risk-
employee conduct. taking.
4. To sponsor a strong and pro-active risk and control
culture throughout Danamon and its subsidiary.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 165
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OPERATIONAL
REVIEW
IMPLEMENTATION OF RISK MANAGEMENT
THREE LINES OF DEFENSE APPROACH
To support an effective risk management, Danamon applies the concept of the Three Lines of Defense Approach by
dividing the roles and tasks of each working unit, as elaborated below:
Board of Commissioners Supervision
Board of Directors Supervision
First Line of Defense Second Line of Defense Third Line of Defense
• Line of Business • Risk Management Directorate • Internal Audit Unit (SKAI)
• Operational Working Units • Compliance Working Unit
• Other Supporting Working Units
Line of business, operational working Risk Management Directorate and Internal Audit Unit has a role as
units and other supporting working Compliance Working Unit have a the Third Line of Defense that is
units are the First Line of Defense role as the Second Line of Defense responsible for evaluating risk
that responsible to conduct daily risk to perform risk monitoring function management implementation
management in each working unit. independently. conducted by the First and Second
Line of Defense.
RISK MANAGEMENT IN DANAMON
In accordance with the Financial Services Authority’s (OJK) regulation regarding risk management implementation,
the key elements that support Danamon risk management governance structure are:
1. Active oversight of the Board of Directors and Board of Commissioners.
2. Adequacy of risk management policies and procedures, as well as risk limit setup.
3. Adequacy of risk management processes and risk management information systems.
4. Internal control system.
ACTIVE OVERSIGHT OF BOARD OF DIRECTORS, BOARD OF COMMISSIONERS, AND SHARIA
SUPERVISORY BOARD
The implementation of Risk Management in Danamon involves the active oversight and supervision by the Bank’s
Board of Directors (BOD), Board of Commissioners (BOC), and Sharia Supervisory Board (for Sharia Business Unit).
Recognizing the strategic role of these three boards, Danamon has determined the oversight duties for each board
as follows:
Active Oversight Functions
Board of Commissioners (BOC) Sharia Supervisory Board Board of Directors (BOD)
• The BOC carries out the overall • Danamon appoints the Sharia • As the responsible party for the
oversight function of Danamon Supervisory Board in the Sharia implementation of operational
operational activities including Business Unit in accordance with the activities, including monitoring
monitoring of the risk management recommendation from the National the implementation of risk
implementation. The BOC delegated Sharia Board (Majelis Ulama management, the BOD has a role
its risk monitoring function to the Indonesia) and approval from the in comprehensively determining
Risk Oversight Committee. However, Financial Services Authority (OJK) to the direction of risk management
the BOC remains the ultimate ensure compliance of activities with policies and strategies, including
responsible party. sharia principles. their implementation.
• The BOD has established the Risk
Management Committee to support
its functions and responsibilities
in relation to risk management
implementation.
166 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Active Oversight Functions
Board of Commissioners (BOC) Sharia Supervisory Board Board of Directors (BOD)
1) Approve the risk management 1) Evaluate the Risk Management 1) Prepare comprehensive written risk
policies, strategies, and frameworks Policies related to compliance with management policies, strategies,
that are aligned with the risk Sharia Principles at least once a year. and frameworks; also responsible
MANAGEMENT REPORT
appetite and risk tolerance; also 2) Evaluate the accountability of the for implementation including
conduct periodically evaluations. BOD for the implementation of the policies and procedures to identify
2) Perform risk oversight and evaluate Risk Management Policies related to and manage non-performing
the accountability of the BOD for compliance with Sharia Principles at assets, asset classification,
the implementation of the risk least quarterly. calculations related to provisions
management policies and strategies, 3) Act as an advisor and provide and reserves, and write off assets.
and of the risk exposures, through recommendations to the BOD 2) Conduct periodic reviews of risk
periodic reviews with the BOD. and sharia business management assessment methodologies, as well
3) Approve the business activities that (officers who are related to the as of the implementation of the risk
require BOC approval. implementation of Sharia business) management information system,
4) Approve the policies that need regarding matters related to Sharia risk management policies and
BOC approval as according to BI/ Principles. procedures, and limit setups.
OJK regulations or other external 4) Coordinate with the National Sharia 3) Approve the business activities that
COMPANY PROFILE
regulations. Board to discuss the Danamon require BOD approval.
5) Carry out the risk management proposals and recommendations for 4) Develop a risk management culture
function as regulated in the product and service development on all levels of the organization.
regulations. that need review by and decisions 5) Oversee risk quality in comparison
6) Delegate the authority to the BOD from the National Sharia Board. with the prevailing level of fairness.
to enable them to approve the 6) Ensure management (the Board of
business activities and other tasks. Management and executive officers)
7) Strictly monitor non-performing adopts a prudent and conservative
asset, adequacy of allowances, and approach for developing business.
Danamon reserves in managing 7) Determine the risk appetite.
credit risk implementation. 8) Ensure the corrective action for the
8) Ensure that the implementation of findings that reported by Internal
DISCUSSION & ANALYSIS
risk management covers country Audit (SKAI).
risk and transfer risk. 9) Ensure the effectiveness of
management and enhancement of
MANAGEMENT
human capital competency related
to the implementation of risk
management.
10) Place competent officers in the
working units based on nature,
quantity, and complexity.
11) Develop and put in place
an approval mechanism for
transactions, including for those
OPERATIONAL REVIEW
that exceed the authority limit for
each level of the position.
12) Ensure that the risk management
function has been independently
implemented.
13) Regular reviews on asset
classification and provisions for
non-performing Loan and/or
financing, identify and managing
non-performing assets adequately,
including reserves that are in line
with the risks that occur.
14) Carry out regular reviews of the
reserves to suit with current
conditions.
GOVERNANCE
CORPORATE
15) Ensure that the implementation of
risk management covers country
risk and transfer risk.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 167
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OPERATIONAL
REVIEW
RISK MANAGEMENT POLICIES, PROCEDURES, strategic and business objectives. Risk Appetite should
AND LIMIT SETUP be in line with the Danamon’s strategy, business growth
aspirations, capital and liquidity position, as well as the
Considering the structure of the Financial operational plans.
Conglomeration, which consists of vertical (direct
relationships between parent company and subsidiary) Danamon and its subsidiary, both individually and
and horizontal (relationships between sister companies) consolidated, have set risk limits in accordance
relationships, the risk management policies for the with the levels of risk appetite, risk tolerance, and
bank and Financial Conglomeration are differentiated business strategies. Risk limits are set at the group
into two documents, as follows: and management level, then cascaded to the line of
1. Risk Management Policy – Bank and Consolidated, business and Danamon subsidiary.
which includes the framework and implementation
of individual and consolidated risk management for The policies, procedures, risk limits, and risk
Danamon and Subsidiary. management systems are reviewed periodically to keep
2. Integrated Risk Management Policy of the MUFG them in line with changes in market, current products,
Group Financial Conglomeration, which includes and services, and regulatory changes.
the framework and implementation of integrated
risk management for the Financial Conglomeration. THE ORGANIZATION STRUCTURE OF RISK
MANAGEMENT
Risk Management Policy – Bank and Consolidated is the
main policy for the implementation of risk management The organizational structure of risk management
in Danamon and Subsidiary, serves a reference for consists of several risk committees and risk
developing risk management policies, procedures, management working unit at Danamon and its
and guidelines according to the prevailing regulations. subsidiary and other related working units with various
The Integrated Risk Management Policy of the MUFG levels of responsibility.
Group Financial Conglomeration is referred to in the
“Implementation of Integrated Risk Management” a. Risk Oversight Committee
subchapter. The Risk Oversight Committee is the highest
risk management authority at the BOC level. the
However, since the subsidiary is a separate entity from Committee’s main roles are to monitor and provide
Danamon, the implementation of risk management recommendations to the BOC related to the
should consider the laws of Limited Liability evaluation of risk management policies and their
Companies and Capital Market, as well as other related implementation, to evaluate the execution of the
external regulations. Danamon and its subsidiary duties of the BOD, Risk Management Committee,
have developed in details their own guidelines and and risk management working units in risk
procedures. Those guidelines and procedures are management, as well as to provide independent
in line with the Risk Management Policy – Bank and professional opinions to the BOC and to recommend
Consolidated, prudential principles, and other related actions needed to the BOD for strengthening the
external regulations. risk management framework.
Danamon has in place various risk management policies, b. Risk Management Committee
i.e. Credit Risk Policy, Operational Risk Management At the BOD level, a Risk Management Committee
Policy, Market and Liquidity Risk Management Policy, has been established that is responsible for,
Cyber Risk Management Policy, Business Continuity among other things, the evaluation and provision
Management Policy, and others, which have been of recommendations to the President Director and
prepared separately and refer to the Risk Management BOD related to the development of risk management
Policy – Bank and Consolidated. strategies and policies, the implementation of
the overall risk management processes, and the
Risk management leads to the establishment of risk evaluation of significant risk issues.
appetite that reflects Danamon’s acceptable type and
amount of risk in order to achieve the Danamon’s
168 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
The Risk Management Committee oversees 2 (two) c. Risk Management Working Unit
subcommittees, as follows: The Risk Management Directorate is the Risk
Management Working Unit in Danamon that is
1. Credit Policy Sub-Committee independent from the risk-taking units and working
The main role of Credit Policy Sub-Committee is units that conducts the internal control function.
MANAGEMENT REPORT
to review, provide input, monitor, and evaluate The Risk Management Directorate consists of
matters related to the development and several divisions responsible in managing the risk
implementation of a Credit Risk Policy (CRP). The related to credit, market, liquidity, and operational.
Chairman of the Credit Policy Sub-Committee is
the Risk Management Director. The Permanent Assiggned in this directorate are risk management
Members consist of several appointed directors. professionals and senior officers. This is an
independent function that forms a second line of
2. Information Disclosure Sub-Committee defense.
The Information Disclosure Sub-Committee
was established to comply with MUFG Bank’s The Risk Management Directorate develops an
COMPANY PROFILE
requirement to ensure that the sub-committee overall risk management strategy that includes
has reviewed, deliberated, and concluded on the the policies, methodologies, frameworks, limits,
accuracy and the appropriateness of financial procedures, and controls for Danamon and its
reporting, as well as to ensure the framework for subsidiary. The Risk Management Directorate,
internal control over financial reporting has been also coordinates and communicates the risk
properly designed and enhanced. The chairman management implementation on both Danamon
of the Information Disclosure Sub-Committee is and Subsidiary.
the Finance Director. The Permanent Members
are several appointed directors and officers.
DISCUSSION & ANALYSIS
MANAGEMENT
Board of
Commissioners
Risk Oversight Committee
Board of Directors
OPERATIONAL REVIEW
Integrated Risk
Management Risk Management
Committee Committee
Risk Management in Risk Management Directorate
Subsidiary and Sister
Companies
• Compliance Unit
• Legal Counsel Unit
GOVERNANCE
• Corporate Planning & Investor Relation Unit
CORPORATE
• Corporate Secretary Unit
• Sharia Team
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 169
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OPERATIONAL
REVIEW
RISK MANAGEMENT PROCESS AND RISK MANAGEMENT INFORMATION SYSTEM
Danamon regularly performs the process of identifying, measuring, monitoring, and controlling all risks encountered,
both individually and consolidated, with its subsidiary. This process is included in the policies and guidelines for
every working unit in Danamon and Subsidiary.
The overview of risk management process is as follows:
Risk identification process determine Risk measurement is used to
the scope and scale of phases in the measure Danamon’s
risk measurement, monitoring and risk exposure as the basis to perform
Risk Risk
control. Identification is done by the control. The measurement
analyzing all types and characteristics Identification Measurement approach and methodology can be
of the risks that contained in every in form of qualitative, quantitative or
Danamon’s business activity which a combination of the both. The risk
also cover the products and measurement is performed regularly
other services. for the product and portfolio as well
RISK as all Danamon’s business activities.
MANAGEMENT
PROCESS
Risk control is carried out, among
others, by providing the follow up on The risk monitoring activity is done
the moderate and high by evaluating the risk exposure that
risk which exceed the limits, control contained in all product portfolios
escalation (immediate supervisory), Risk and business activities as well as the
Risk Control effectiveness of risk management
capital addition to absorb the potential Monitoring
loss and periodic internal audit. process.
In the structure of Risk Management applied by Danamon, the Risk Management Directorate consolidates Danamon’s
risk exposures that are managed by each risk owner.
Line of business, functional units, and subsidiary are operational working units that are responsible for end-to-end
risk management, within the scope of their respective responsibilities. The risk must be clearly identified, measured,
monitored, and controlled. Before entering a risk bearing activity, they shoud consider first risk mitigation effort.
In performing its role as a risk monitor and controller in an operational unit, the Risk Management Directorate will
evaluate the business strategies, policies, and product programs.
In performing control and risk monitoring system, Danamon has adequate risk management information system,
including Internal Credit Rating System, ALM System, Operational Risk Management System, etc. Those systems are
used to detect potential risk or Danamon losses at an early stage, enabling the Danamon to do corrective actions to
minimize potential losses.
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INTERNAL CONTROL HUMAN RESOURCES
Implementation of internal control in risk management The implementation of risk management by Danamon
includes: is supported by adequate and competent human
1. Management supervision and risk control resources at all levels. The capabilities and skills of
MANAGEMENT REPORT
mechanism. The BOD and BOC responsible to the human resources related to risk management
improve work ethics and high integrity, as well as are continuously improved through both internal and
creating an organizational culture that emphasizes external trainings, and by earning risk management
the importance of the internal controls that apply certification according to prevailing regulations.
in Danamon. To support the control process,
therefore policies, standards and procedures must RISK CULTURE
be documented in writing and available to relevant
employees. A strong risk management culture is created when
2. Risk identification and assessment are conducted all employees are aware of and understand the
for all types of risk, covering quantitative and risks they encounter, and when they run adequate
COMPANY PROFILE
qualitative assessments. risk management processes while doing their
3. Control activities that are applied at all functional jobs. In this context, Danamon is committed to
levels and involve all employees are aimed to establishing a combination of unique values, i.e. trust,
manage and control activities at all functional levels implementation, and supervision by management,
involving all employees are applied to manage to ensure that all organizational levels in Danamon
and control the risks affecting performance or conduct their business and operational activities in a
might result in losses. Segragation of duty is also prudent manner and based on best practices.
implemented in operational activities to prevent any
position having the opportunity to do and conceal Risk culture is determined through:
DISCUSSION & ANALYSIS
mistakes or deviations in day-to-day tasks at all • Direction and supervision from the BOC and the
levels of organization and operational activities. BOD of Danamon and its subsidiary.
MANAGEMENT
4. The existence of an adequate accounting system, • Familiarization of risk management as an integral
information system and communication flow that part of business practices.
can produce reports and information needed to • Adherence to all policies, procedures prevailing
support the implementation of the duties of BOD laws, and regulations.
and BOC.
5. The monitoring of inherent risk must be prioritized Risk awareness and culture at all organizational levels is
and function as a daily activity, including periodic established through:
OPERATIONAL REVIEW
evaluations, both by the operational working units • Communicating the importance of risk management.
(risk-taking units) and QA function in each LOB. • Communicating the risk tolerance level and the
Review of the effectiveness of risk management expected risk profile through various limits and
implementation including the adequacy of policies, portfolio management.
procedures, and management information systems • Delegating authority to employees to prudently
are conducted on a regular basis, including by manage risk in their activities, including by providing
conducting internal audits on the risk management adequate risk mitigation.
process and monitoring corrective actions over • Monitoring the effectiveness of risk management
audit findings. implementation in all areas.
• Simulation and training for all employees to provide
GOVERNANCE
In addition, Danamon always ensures the fulfillment of and enhance their comprehension of potential
CORPORATE
various key points in the control process, covering the risks and better prepare them to face real-world
suitability of the internal control system and Danamon’s scenarios.
risk, the establishment of authority, the monitoring of
the implementation of policies, procedures, and limits,
a clear organization structure, and the adequacy of
procedures for complying with regulations.
CORPORATE DATA
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RISK APPETITE The authorization to give approval for new
products is classified based on the risk level with
Risk Appetite is the amount of risk that a corporation is due compliance with regulations. A product’s risk
prepared to take/tolerate in the pursuit of its business level is evaluated based on product performance,
objectives. The objective of setting a Risk Appetite is not target customers, operational process complexity,
to limit risk-taking but to establish transparency and and market conditions. Sharia products require
ensure that the risk profile is aligned with its business consultation with and approval from the Sharia
strategy. Supervisory Board.
Danamon has set its Group and Management Risk b. Risk Management of Sharia Unit
Appetite with the approval of the BOC and BOD, The implementation of Sharia Risk Management
including cascading the Risk Appetite into the Line of is carried out based on POJK No. 65/POJK.03/2016
Business and the subsidiary level. Danamon has also regarding the implementation of risk management
reviewed the parameters and threshold of its Risk for Sharia Banks and Sharia Business Units. In terms
Appetite to ensure its alignment with internal and of policy, Danamon has Risk Management Policy —
external conditions, management expectations, and Bank and Consolidated, which it uses as its main
prevailing regulatory provisions. framework and basic principles for managing the
risks that are subject to all line of business and
The determination of the various parameters of Risk subsidiary, including the Sharia Business Unit. In
Appetite is based on various risks that are deemed addition, the Sharia Unit is also guided by the sharia
material for Danamon, which cover capital, credit risk, principles that are the principles of Islamic law in
liquidity risk, credit concentration risk, operational banking practices based on fatwas that are issued
risk, and fraud. In addition, Danamon also set various by the authorised institution.
risk limits for each type of risk and certain functional
activities that have risk exposure, which shall conform Risk measurement is performed with a methodology
to the established Risk Appetite. that suits the characteristics of the Sharia Business
Unit, through quarterly measurement of risk profile
To ensure the effectiveness of Risk Appetite levels.
management, Danamon also has a Risk Appetite
Statements Policy that outlines the duties and In terms of the risk management that is relevant
responsibilities of each party in managing Risk Appetite, to the fulfillment of sharia principles, the Sharia
and also governs the process of defining, reviewing, Supervisory Board (DPS) approves the policies,
and monitoring, including the escalation of breaches of procedures, systems, and products related
Risk Appetite. to the fulfillment of sharia principles and the
applied contracts. The implementation of a Risk
Management process and system in the Sharia
RISK MANAGEMENT FOR PARTICULAR AREAS Business Unit follows Danamon’s policies and
complies with sharia banking rules. The Director in
a. Risk Management of New Products charge of the Sharia Business Unit is also a member
In accordance with the Bank’s business plan, of the Risk Management Committee.
Danamon has formulated a policy that governs the
procedures for product issuance and monitoring, c. Risk Management of Subsidiary
including the implementation of risk management Danamon applies a consolidated risk management
of new products according to the prevailing process with its subsidiary by considering the
regulations. different characteristics of the Bank’s and the
subsidiary’s businesses. This is done through
New products are prepared, recommended, and an assistance-and-alignment process of risk
reviewed to see their conformity to prevailing management practices in terms of risk governance,
policies and put them to compliance test prior to risk management policies and procedures, risk
launcing. measurement methodology, risk management
reporting, and enhancement of a risk awareness
culture.
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FINANCIAL
In terms of monitoring, the Risk Management prevailing regulations, business development, and
Directorate continuously monitors the portfolio operational conditions Danamon activities. As a result
performance of the subsidiary and identifies any of the reviews, Danamon conducts Portfolio Meetings
early warning of deterioration of a subsidiary’s to periodically evaluate the condition of Danamon’s and
portfolio quality. Danamon also provides technical its subsidiary’ risk portfolios.
MANAGEMENT REPORT
assistance in the risk management process related
to credit risk, market and liquidity risk, operational RISK PROFILE
risk, human resources, information system,
and risk management policies, procedures, and The risk profile assessment includes the assessment
methodologies. of inherent risk and the quality of risk management
implementation that reflects the risk control
The results of monitoring and evaluating a system, either individually, or in a consolidated or
subsidiary’s risk exposure are reported periodically. integrated manner. The assessments of individual
Subsidiary’s risk management is one of the major and consolidated risk profiles are conducted on 10
focuses of corporate management for its important (ten) risks, i.e. Credit Risk, Market Risk, Liquidity Risk,
COMPANY PROFILE
role in supporting Danamon’s strategic plans. Operational Risk, Legal Risk, Strategy Risk, Compliance
Risk, Reputation Risk, Rate of Return Risk, and
This consolidation process is in line with Financial Investment Risk. For Integrated Risk Management, the
Services Authority Regulation (POJK) No. 38/ managed risks also include Intra-Group, Transaction
POJK.03/2017 regarding the Implementation of Risk, but exclude Rate-of-Return Risk and Investment
Consolidated Risk Management for Banks that Risk.
have control over the Subsidiary. Referring to that
regulation, Danamon, as the Parent Company, will The risk profile assessment is carried out based on
continue to make improvement to the consolidated regulatory requirement, the Bank’s business strategy
DISCUSSION & ANALYSIS
risk management processes of its subsidiary. and macroeconomic conditions. The composite rating
of Danamon’s individual, consolidated and integrated
MANAGEMENT
EVALUATION OF EFFECTIVENESS OF RISK risk profile based on self-assessment results in 2023 is
MANAGEMENT SYSTEM at level 2 (Low to Moderate).
To carry out an evaluation of the effectiveness of risk FOCUS AND ACTIVITIES OF RISK MANAGEMENT
management, the BOC and the BOD actively oversee IN 2023
the implementation of risk management through
various committees. In accordance with the Bank’s business plan, in 2023
OPERATIONAL REVIEW
Danamon continued to conduct the previous year’s
The committees conduct regular meeting to programs and implement several new programs, as
monitor and carry out continuous evaluation in risk elaborated below:
management, to discuss risk-related issues and provide
recommendations to the BOC and the BOD according
to the respective fields and responsibilities.
Moreover, Danamon performs periodic evaluations
on risk assessment methodologies, the adequacy of
system implementation, management information
GOVERNANCE
systems, policies, procedures, and limits adjusted with
CORPORATE
CORPORATE DATA
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Risk Activities
Risk Management in • Implementation of individual and consolidated Risk Management in the Bank and its subsidiary.
General • Improvement of the Risk Profile report in accordance with regulatory requirements.
• Preparation and submission of a Sustainable Finance Action Plan for the period of 2023-2027 in order to
fulfill POJK No. 51/POJK.03/2017 regarding the Implementation of Sustainable Finance for Financial Service
Institutions, Issuers, and Public Companies.
• Implementation of programs stated in the Sustainable Finance Action Plan.
• Update on Risk Management Policy – Bank, Consolidated and Integrated.
• Update on Cyber Risk Management Policy in accordance with POJK No.11/POJK.03/2022.
• Perform Cyber Security Maturity Assessment as an implementation of SEOJK No.29/SEOJK.03/2022.
• Update on Sustainability Guideline related to Credit.
• Update Recovery Plan in accordance with POJK No. 14/POJK.03/2017.
• Establishment of Resolution Plan Policy in accordance with PLPS No. 1 2021.
• Roll out Risk Academy on an ongoing basis as a means of risk-management learning by all Danamon employees
through on-line/virtual training and various kinds of e-Learning modules related to risk management.
• Implementation of ICAAP framework, which is already continuously being done by the Danamon.
• Conduct bank-wide stress tests at least once a year.
• Participate in the Joint Stress Test exercise using templates and macroeconomy scenarios provided by the
OJK and BI.
• Perform Thematic Stress Test to measure its impact on the Capital Adequacy and credit quality on NPL ratio.
• Conduct Risk Culture programs that focus on the implementation of the Three Lines of Defense campaign.
• Review Risk Appetite Statement (RAS), and cascade it down to the line of business and subsidiary.
Credit • Monitor Internal Rating Model results for Corporate, Commercial, Financial Institution, and Financing
Company.
• Implement Early Warning Indicator for Corporate and Commercial line of business.
• Implement a Behaviour Scorecard for Small Medium Enterprise (SME) line of business to support credit
process.
• Implement the LLP PSAK 71 or IFRS 9 models for Corporate, Commercial, Financial Institution, Financing
Company, SME, KPR, KMG, Credit Card, KTA, Auto Loan, Consumption, and Investment, starting January 2020,
as according to OJK regulation.
• Implement Credit Model Framework.
• Revamp and provide guidance regarding the implementation of bankwide Credit Risk Policy to ensure
alignment with Regulatory regulations (OJK and BI) alignment, internal policies and Danamon’s risk appetite.
• Stipulate the memo regarding Implementation of Disaster POJK and its amendments as follow-up actions
to POJK No.19/2022 and KDK OJK No. 34/KDK.03/2022 governing special treatment for debtors impacted
by disaster as determined by OJK, including the impact of COVID-19. Furthermore, review implementation
memos in each LOB and monitor the performance of the restructured credit portfolio and the adequacy of
the provision.
• Conduct regular reviews of industry classifications based on the risk level (high risk restricted, high risk,
medium risk, and low risk), as well as determine industry risk appetite to ensure the industry growth is
aligned with the determined threshold.
• Stipulate and review the authority for Credit approval in the Head Office in each LOB, including the approval
authority for COVID-19 credit restructuring.
• Review the credit policies of each LOB, evaluate credit criteria adapted with current business development
and setting limits for high-risk segments.
• Review the acquisition process of several retail business portfolio (Credit Card, UPL, Mortgage, and Auto
Loan) as one of inorganic credit growth strategies.
• Expand credit risk with close monitoring on potential credit risk and its mitigation.
• Review new initiative programs in the digital segment, consumer segment, and MUFG Collaboration in order
to keep them in line with regulations and Danamon’s risk appetite.
• Conduct regular reviews of all policies and procedures in accordance with the regulation stipulated by the
regulators (OJK and BI) and other authorities.
• Regularly review Product Programs which includes portfolios, criteria, restrictions, and other requirements
Support Product Programs which build healthy credit portfolio.
• Perform back-testing periodically to assess the adequacy of credit provision. If necessary, addition of credit
provision will be done based on the back-testing results.
• Credit process is well implemented in accordance with the prevailing regulation, risk appetite and internal
policies in Danamon.
• CQA has reviewed credit decisions result to ensure the process and credit analysis are in accordance with
current regulations. In addition, CQA conducts periodic validation of the internal credit rating model to
ensure the feasibility of the model under current conditions.
• Alternative Credit Scoring assessment to support the credit process in the consumer segment.
• Implementation of Rule-Based Engine within SME and Consumer Loan Origination System to support the
business in early customer pre-selection process and provide guidelines in credit decision to Underwriting
team.
• Review of EB Credit Guidelines and adjustment to clauses related to Syndication Loan.
• Review of Consumer Credit Guidelines and adjustment to Mortgage clauses related to Primary Mortgage
from selected developers.
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Risk Activities
Operational, • Improve the independence of functions and roles of operational risk manager in line of business, support
Fraud & QA functions, and Subsidiary.
• Refine ORM tool methodologies such as the RCSA methodology, Risk Events, and recording operational risk
losses.
• Refine the Operational Risk Management System (ORMS) process and application to improve the effectiveness
MANAGEMENT REPORT
in operational risk management comprehensively at Danamon and Subsidiary.
• Build awareness of Operational Risk Management through e-Learning, Risk Academy modules, email blasts,
and anti-fraud-awareness campaigns. The purpose is to enhance awareness throughout the whole of
management and employees on the importance of operational risk management.
• Improve implementation of ORPA (Operational Risk Pre-Assessment) to review the risks of new strategic
initiatives, including the recommendations for risk mitigation.
• Improve the implementation of product/system/process reviews for operational risk review including risk
mitigation.
• Implement Self-Raise Issue to provide a tool for employees to raise an issue that potentially arise in
operational risks.
• Implement an escalation mechanism for potential/operational risk event and review operational risk matrix
level.
• Implementation of Risk Acceptance to ensure the relevant management must first give approvals on any risk
in the process/activity that the Bank is still willing to take despite its unmitigable issues.
COMPANY PROFILE
• Enhance QA methodology and supporting system as well as improving QA Policy and optimized data analytic
usage method.
• Improve awareness regarding risk control and conduct a survey to determine the risk awareness maturity
level of the work unit.
• Enhance collaboration with 2nd line and 3rd line by making coordination meeting with ORM, Compliance and
SKAI.
• Improve the ability of early detection on potential fraud by developing the fraud detection system that has
been implemented on credit card transaction and mobile banking (D-Bank PRO) and providing the Whistle-
blower channel through an independent third party.
• Build commitment and awareness of fraud through the obligation of the Anti-Fraud Integrity Pact signed by
all BOD, BOC, and all employees of Danamon.
• Review and update the anti-fraud policy and framework that is aligned with regulations.
• Update the Business Continuity Management (BCM) policy according to the latest conditions.
DISCUSSION & ANALYSIS
Information • Perform supervisory management and risk analysis pertaining to the utilization of of technology for initiatives
Technology and Cyber associated with new services or products/IT projects/ad-hoc requests, which include Requirement Definition
MANAGEMENT
(RD), ORPA, PP, and/or other related documents IT risk management to support line of business units and
other operations/support functions within the Bank.
• Conduct assessments and monitoring of IT Risk Events, Self Raise, Risk Acceptance which have potential risks
to the Bank, perform analysis and engage in discussions with IT work unit to comprehend the events and
planned corrective actions based on the escalation of events recorded in the ORMS database.
• Update and maintain the Cyber Incident Response Playbook document to serve as the primary guideline for
all employees when a cyber incident occurs, starting from the communication stage, impact assessment and
risk level, resolution, and reporting.
• Foster a culture of risk awareness with the aim of enhancing understanding among all bank employees
regarding potential risks associated with the creation, storage, use, and dissemination of information. This is
OPERATIONAL REVIEW
achieved through the utilization of e-learning media, classroom training, email blasts, and sharing sessions.
• Manage information asset inventory activities within critical units to assist the Bank in identifying information
assets, determining their classification, and developing potential threat mitigation strategies.
• Improve the Email Data Loss Prevention (Email DLP) parameter function to detect and prevent the
unauthorized transmission of sensitive information through email communications.
• Perform cybersecurity risk assessments for third parties collaborating with or intending to collaborate with
the Bank, with the aim of preventing potential risks of financial and reputational loss.
• Establish Risk Appetite and Risk Tolerance parameters related to IT and Cyber risks as part of the Bank’s
strategy in managing cybersecurity risks in accordance with POJK No. 11/POJK.03/2022 concerning
Information Technology Implementation.
• Establish bank wide Key Risk Indicator (KRI) parameters and their associated thresholds as IT risk indicator,
serving as critical indicators for IT risks that warrant the bank’s attention in managing cyber risks.
• Update and adjust the framework and standard operating procedures that govern the activities of the risk
assessment process for third parties entrusted with managing the Bank’s confidential information.
• Develop guidelines for the utilization of information in collaborative activities with partners, which define the
GOVERNANCE
conditions and factors for information use to minimize the risk of information loss or leakage.
CORPORATE
• Conduct a Red Teaming Exercise simulation with the objective of early identification of potential cyber risks
and the formulation of mitigation strategies. This initiative involves a series of activities that simulate real-
world cyber-attack scenarios, aiming to proactively reduce the level of risk.
CORPORATE DATA
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Risk Activities
Market and Liquidity • Update the Bank’s Market and Liquidity Risks limit structures and policies.
• Validation of the market and liquidity risk measurement methodologies, including those for supporting new
Treasury products.
• ALM system enhancement to support alignment of Interest Rate in Banking Book (IRRBB) calculation and
reporting.
• Carry out supervisory management and risk analysis related to market and liquidity risk of the Bank.
• Develop methodology, working paper, and procedures related to calculating market risk KPMM and CVA in
accordance with SEOJK No. 23/SEOJK.03/2022.
• Participate in industrial tests of market risk RWA and CVA calculation, and reported to the OJK in accordance
with the predetermined testing period.
• Participate in the discussion and preparation of Climate Change Stress Tests related to Market Risk.
• Develop the Risk Heat Map related to Market and Liquidity Risk.
• Participate in the Treasury System and FTP System replacement project.
• Carry out Business Contingency Plan (BCP) tests to ensure BAU activities run smoothly in conditions where
there are obstacles in the main work area that make them inaccessible.
• Run switch over treasury system testing.
• Conduct regular updating reviews of the Bank’s Core non-core calculations.
• Implementing the use of 7 years historical data for Core Non-Core calculations for Bank FTP.
• Review all assumptions used by the Bank in calculating market risk and Bank liquidity.
• Conduct a review and prepare a Thematic Stress Test scenario to assess liquidity risk under special conditions.
• Conduct regular updates on policies, methodologies and procedures related to Market Risk and Liquidity
Risk.
• Conduct Risk Level Assessments for new products or development of basic products or Bank services, in
terms of Market Risk and Liquidity.
• Regularly update the Time Deposit Stickiness calculation for FTP Bank.
IMPLEMENTATION OF INTEGRATION RISK MANAGEMENT
The MUFG Group Financial Conglomeration consists of Danamon as the main entity with subsidiary and sister
companies as members. The following describes the structure of the MUFG Group Financial Conglomeration:
Structure Entity’s Name Relationship to Danamon
Main Entity PT Bank Danamon Indonesia Tbk (“Danamon”)
Main Entity PT Adira Dinamika Multi Finance Tbk (“ADMF”) Subsidiary (vertical relationship)
Main Entity MUFG Bank, Ltd. Cabang Jakarta (“MUFG Jakarta”) Sister Company (horizontal relationship)
Main Entity PT Home Credit Indonesia Tbk (“HCI”) Sister Company (horizontal relationship)
* HCI became a member of MUFG Group Financial Conglomeration after being acquired by MUFG Bank Ltd. based on letter No. B.693-DIR
dated December 29, 2023 submitted to OJK.
Danamon has an Integrated Risk Management Policy of the MUFG Group Financial Conglomeration, which is the
main policy in the implementation of integrated risk management as regulated by OJK regulation. In 2023, a review
of this policy has been conducted.
INTEGRATED RISK MANAGEMENT COMMITTEE
For the Financial Conglomeration, Danamon, as the Main Entity, has established an Integrated Risk Management
Committee. The Integrated Risk Management Committee consists of Danamon’s Risk Management Director as
the chairman, several appointed Danamon’s directors, Directors who represent subsidiary and sister companies
and related Executive Officers as committee members. The main role of this committee is to evaluate and provide
recommendations to Danamon’s BOD as the Main Entity related to the development, improvement, or enhancement of
the Integrated Risk Management Policy based on the evaluation of implementation, evaluation of the implementation
effectiveness of integrated risk management policies, frameworks and guidelines, and assessment of key risks in the
entities and across entities within the Financial Conglomeration, including the formulation of strategies to deal with
existing and emerging risk issues.
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FINANCIAL
INTEGRATED RISK MANAGEMENT WORKING UNIT 1) Organization and Policy of Intra-group
Transaction Risk Management
In the implementation of integrated risk management, Intra-group Transaction Risk is managed by
adjustments have been made to the Risk Management Danamon as the Main Entity and its Subsidiary and
Directorate by adding an integrated risk management Sister Companies as the members of the Financial
MANAGEMENT REPORT
function to ensure that the integrated risk identification, Conglomeration. The implementation of Intra-
measurement, monitoring, and control processes group Transaction Risk Management is conducted
can be done and reported in accordance with the by considering the transaction activities between
risk management framework and the regulatory entities within the Financial Conglomeration.
regulations.
The Bank as the Main Entity governs the
In the implementation of integrated risk management, implementation of intra-group transaction risk
the MUFG Group Financial Conglomeration has management in the Intra-group Transaction Policy
performed the following: that is periodically reviewed and prepared based on
1. Reviewed an Integrated Risk Management Policy. the prevailing regulation.
COMPANY PROFILE
2. Prepared and submitted an Integrated Risk Profile
Report. 2) Intra-group Transaction Risk Management
3. Conduct coordination, communication, and Danamon, its Subsidiary and Sister Companies
socialisation with Subsidiary and Sister Companies as members of the Financial Conglomeration
in Financial Conglomeration periodically. implement Intra-Group Transaction Risk
4. Throughout 2023, the Integrated Risk Management Management is carried out through the process of
Committee has held periodically meeting to discuss: identifying, measuring, monitoring, and controlling
• Integrated Risk Profile Report risks as well as the Management Information
• Update from Subsidiary System.
DISCUSSION & ANALYSIS
• Update from Sister Companies
• Update on Integrated Risk Management Policy Danamon, its Subsidiary and Sister Companies
MANAGEMENT
• Update on Integrated Credit Risk monitor the intra-group transactions to ensure
• Update on Integrated Market and Liquidity Risk that the intra-group transactions are conducted in
• Update on Integrated Operational Risk accordance with the fairness principles, prevailing
• Update on Integrated Information Risk regulations and well documented. Monitoring of
• ESG sharing session intra-group transactions between entities in the
• Update on Minimum Capital Adequacy and Financial Conglomeration is conducted periodically.
Integrated Capital Adequacy Report
OPERATIONAL REVIEW
• Update on Risk Management Model Danamon, its Subsidiary, and Sister Companies
incorporated in the Financial Conglomeration are
INTRA-GROUP TRANSACTION RISK committed to controlling the intra-group transactions
that may cause risks to the Financial Conglomeration.
In addition to the 8 types of risk stated in the previous
chapter (excluding investment risk and rate of return Periodically, Finance and Risk Management Unit
risk), there is 1 additional risk that must be managed monitors intra-group transaction risks to ensure
by Danamon in relation to integrated risk management, compliance with limits, such as LLL and the principle
namely Intra-Group Transaction Risk. of fairness transactions. Control through policies
and setting limits is adjusted by considering the
GOVERNANCE
Intra-group Transaction Risk is the risk due to the Bank’s risk appetite. The process of reporting
CORPORATE
dependence of an entity, either directly or indirectly, intra-group transactions is supported by adequate
to other entities within a Financial Conglomeration to Management Information System (MIS) for further
fulfill a contractual obligation of written or unwritten submission to the BOD and BOC along with follow-up
agreements which either followed or not followed by actions to be taken through risk profiles.
transfer of funds.
CORPORATE DATA
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SUSTAINABLE FINANCE RECOVERY PLAN
Danamon recognises that the realisation of the As one of the Systemic Banks in Indonesia, Danamon
sustainable development of the national economic reviewed the Recovery Plan in 2023 that complies with
system that prioritizes harmony between all economic, the applicable regulations. An update of the Recovery
social, and environmental aspects, and to address Plan has been approved by the President Director and
global environmental issues, are the responsibility of all President Commissioner and has been submitted to
human beings. Therefore, Danamon aims to contribute the OJK.
to realizing it, among other ways by complying with
the prevailing laws and regulations, reducing negative Danamon’s Recovery Plan covers the following:
environmental and social impacts that can be raised
from our business and operational activities, and 1) Overview of the Bank
actively working to find solutions to global environmental Danamon has assessed the contribution of each line
issues through its business practices. of business and its subsidiary from both quantitative
(i.e. contribution to profit, funding, and loan book)
Danamon’s Sustainable Finance implementation in and qualitative perspectives in order to identify the
supports Indonesian Government’s targeted Nationally materiality of the line of business and its subsidiary,
Determined Contribution (NDC) to reduce carbon including the office networks of Danamon. The
emission by 41% by 2030 and achieve net zero carbon result of this assessment will be used by Danamon
by 2060 and is in line Financial Service Authority as a reference for determining which line of
Regulation (POJK) No. 51/POJK.03/2017 concerning the business, its subsidiary, and office networks need
Implementation of Sustainable Finance for Financial to be maintained when financial stress conditions
Service Institutions, Issuers, and Public Companies occur.
issued in 2017.
Danamon has also conducted a comprehensive
Detailed information can be found in the Sustainability scenario analysis in order to assess the resilience
Report. and potential vulnerabilities of Danamon to several
indicators that are specified by the OJK (i.e. capital,
RECOVERY PLAN AND RESOLUTION PLAN liquidity, asset quality, and profitability). The
outcomes of the scenario analysis indicate that
Following the recent financial crisis, regulations have Danamon has a resilient capital position, which is
been put in place globally requiring systemic financial unlikely to threaten any going concerns of Danamon.
institutions to develop recovery and resolution plans. In
April 2017, the Financial Service Authority (OJK) issued a 2) Recovery Option
regulatory requirement, No. 14/POJK/2017 for Systemic Danamon implements a traffic light system for
Banks in Indonesia to develop, review, and implement implementing its Recovery Plan, supplemented with
a Recovery Plan. The Recovery Plan was established to clearly established thresholds as triggers under the
ensure that Systemic Banks have established credible three phases of the recovery plan, namely green
and feasible recovery options to survive a range of as “Preventive”, yellow as “Recovery”, and red as
severe but plausible stress scenarios. “Corrective”.
Regarding the Resolution Plan, the Indonesia Danamon has reviewed its Recovery Plan triggers
Deposit Insurance Corporation (LPS) has issued LPS and recovery options to be in line with changes in
Regulation No. 1 of 2021 concerning Resolution Plans regulations and/or current conditions.
for Commercial banks, for systemic banks and non-
systemic banks as appointed by LPS in Indonesia, they
must prepare and submit a Resolution Plan to LPS.
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FINANCIAL
Danamon has also identified various recovery The Resolution Plan is a document that contains
options under each phase and assessed these information about the Bank and the Resolution
options in terms of feasibility, credibility, strategies which will serve as one of the
implementation timeframe, and effectiveness. considerations for LPS in handling or resolving a bank
These recovery options cover key financial that is designated as a failed bank.
MANAGEMENT REPORT
indicators of Danamon, namely capital, liquidity,
asset quality, and profitability, and will form the ACTIVITY PLAN OF RISK MANAGEMENT IN
basis of its Recovery Plan and the strategy for 2024
Danamon under stressed conditions.
In 2024, Indonesia’s economy is projected to face
3) Disclosure of Recovery Plan challenges due to global economic slowdown. The
Due to the highly confidential nature of certain massive global central banks’ rate increases throughout
sections of the recovery plan (e.g., detailed 2023 has a lagging impact towards the real economy.
recovery options and strategies), the disclosure of Global economic slowdown is expected to negatively
the Recovery Plan of the Bank shall be done on a affect export performance in 2024. However, domestic
COMPANY PROFILE
need-to-know basis only, with different degrees of demand as the primary contributor to Indonesian
disclosure will apply to different parties. Danamon economy is anticipated to grow positively. Additionally,
discloses its Recovery Plan to both internal and Indonesia will conduct election in 2024 which will help
external parties in accordance with applicable boost domestic consumption activities. Therefore,
regulations. Indonesia’s economy is expected to grow around 5.2%
yoy in 2024.
In addition, Danamon has developed a Recovery
Plan Policy that regulates the governance of its Global economic slowdown will be followed by the shift
Recovery Plan where the Crisis Management of global monetary policy direction. Global monetary
DISCUSSION & ANALYSIS
Protocol Working Group (CMPWG) becomes a special policy is projected to be accommodative, reflected by
committee that will be activated by the BOD to US policy rate cutting cycle next year. The Fed might cut
MANAGEMENT
supervise the implementation of the recovery plan interest rate by up to 50 bps, which will be followed by
and other matters related to the implementation of emerging markets’ central bank, including Indonesia.
the recovery plan, especially under the “Recovery”
and “Corrective” phases. In carrying out its duties, The shift in monetary policy direction will heavily
the CMPWG will be supported by the Recovery depend on the development of global inflation and
Planning Team (RPT). US macroeconomic indicators. Should US inflation re-
accelerate, and US macroeconomic indicators remain
OPERATIONAL REVIEW
The Recovery Plan Policy also regulates processes solid, monetary policy loosening would be postponed
as well as the duties and responsibilities of each which results into higher for longer interest rate era.
party in the process of developing, monitoring,
and implementing the Recovery Plan. Danamon Below are some challenges that might occur in 2024:
monitors Recovery Plan indicators on a monthly • Geopolitical conflicts will heighten commodity
basis and will report to the BOD through the Risk prices especially food and energy. The rising food
Management Committee if there are indicators and energy prices would reaccelerate inflation and
that have violated or may potentially violate the potentially hinder an aggressive monetary easing.
“Recovery” or “Corrective” phases. • Deeper slowdown in global economy as a result of
massive monetary policy tightening in 2023. This
GOVERNANCE
RESOLUTION PLAN pose risk of deeper contraction of Indonesia’s export
CORPORATE
growth and eventually affect economic growth in
As one of the Systemic Banks in Indonesia, Danamon general.
has submitted the Resolution Plan in 2022 and will • Instability from 2024 election could hinder foreign
be updated in 2024 that complies with directives in inflows to domestic market and cause lower
Circular Letter No. SE-3/KE/2021 regarding Preparation economic activities.
Guidelines and Format of Resolution Plans for • Lower budget absorption during election period,
Commercial Banks. The Resolution Plan has been notwithstanding transition to the newly form
approved by the President Director and President administration, could lower the contribution of
CORPORATE DATA
Commissioner and has been submitted to the LPS. government consumption to overall growth.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 179
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REVIEW
• The credit restructuring program for selected c. Execute the Memo regarding Implementation
sectors will expire in March 2024, thus, could of Disaster POJK including its amendments
potentially increase NPL, if it is not addressed prior as follow-up actions to POJK No.19/2022
the expiry date. governing special treatment for debtors
• Shrinking domestic liquidity on the back of monetary impacted by disasters as determined by OJK,
policy normalization. including ensuring the adequacy of provision in
• Slowing credit growth in line with the slowdown in accordance with prevailing regulation.
economic growth. d. Monitor the Credit Risk Internal Rating Model
and scorecard system for all Line of Business on
Anticipating these external conditions, Danamon has a regular basis.
conducted and will perform a range of initiatives in e. Use the Standardized Approach for Credit Risk
terms of risk management in 2024, including: Weighted Asset calculations.
f. Perform rating/scorecard model evaluation
1) Risk Management in General periodically.
a. Improving risk monitoring and control functions g. Perform quarterly back-testing for LLP adequacy
in the implementation of individual, consolidated for all line of Business.
and integrated risk management. h. Periodically monitor and review the PSAK 71/
b. Conduct a comprehensive review of the IFRS 9 calculations.
individual, consolidated and integrated risk i. Monitor the Internal Ratings on the Corporate,
monitoring and measurement process. Commercial, FI and Finco rating systems.
c. Maintain Danamon’s business growth at an j. Prepare credit scoring alternatives to support
acceptable level while remaining prudent. credit in the consumer segment.
d. Develop and roll out various programs internally
to build awareness of the importance of the Risk 3) Operational Risk and Fraud Management
Culture in Danamon. a. The implementation of ORM cycles has been
e. Implement activities related to Sustainable and will continue to be consistent, including the
Finance as stated in the Sustainable Finance identification, measurement, monitoring and
Action Plan that has been submitted to the OJK. control of operational risks to Danamon and its
f. Implement the ICAAP framework. subsidiary.
g. Conduct bank-wide stress testing at least once b. The application of an anti-fraud strategies is
a year, or more frequently if there are changes continuously improved and adapted to the
in the industrial and economic sectors and when latest developments and fraud trends, including
requested by the regulator, such as Climate Risk the application of systems and technology as
Stress Test. supports for detection pillars and reporting and
h. Conduct stress tests related to portfolios sanctions pillars, covering credit and non-credit
categorized as impacted by disaster (if any) to cases.
measure the resiliency of the Bank’s capital. c. Fraud detection system (Instinct and Predator
i. Perform regular monitoring and reviews of System) improvement through parameter fine-
the Risk Appetite Statement threshold and tuning.
Danamon’s Recovery Plan triggers. d. Risk identification process conducted through
the implementation of risk identification and risk
2) Credit Risk Management assessment on existing products, processes and
a. Review the credit policies periodically. systems, as well as new systems, to determine
b. Monitor the credit portfolios of all line of the inherent risks and the mitigation actions
business and its subsidiary regularly, comparing required.
the actual performance against targets, and
escalate to management if there is any indication
of worsening portfolio performance.
180 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
e. Capture risk/loss event data and its contributing n. Continue the initiative related to information
factors, carried out in a centralized database, security risk assessment for vendors/third
conduct RCSA activities periodically, report parties who process the Bank’s sensitive data
related risks, and monitor operational risks classified as confidential/strictly confidential.
through the Key Risk Indicators (KRI). o. Continuing to develop the initiative related to the
MANAGEMENT REPORT
f. Development of the Operational Risk risk and control library that focuses on specific
Management System (ORMS) application for the controls applied to specific risks (application/
effectiveness of ORM cycle implementation in all transaction control level).
units of Danamon and its subsidiary.
g. Insurance (i.e.: BBB/Bankers Blanket Bonds, 4) Market and Liquidity Risk Management
money insurance), as one of the most important a. Continue to exercise Stress Testing related to
forms of operational risk mitigation, has been ICAAP, BUST, as well as other stress tests that
coordinated by the insurance coordinator within performed periodically or add-hoc. The exercise
ORM Fraud & QA Division. performs to ensure that Danamon has the
h. ORM workshops and dissemination to the RTUs capacity to survive in the event of a liquidity
COMPANY PROFILE
and training (Risk School and E-Learning) for stress conditions.
new employees are continuously implemented b. Prepare for the implementation of Climate Risk
to ensure continuity and uniformity in the Stress Testing for Market and Liquidity Risk
awareness level of operational risk and risk in compliance with the provisions of the OJK
culture recognition in Danamon. guidelines.
i. The development of systems and processes to c. Participate in the development of necessary
perform cyber risk assessment by modelling the infrastructure to support new Treasury products
application so that the Bank can anticipate and and activities, as well as the implementation of a
close any potential vulnerability at an early stage new Treasury System.
DISCUSSION & ANALYSIS
of the application development cycle. d. Continue to enhance and develop the
j. Develop and implement procedures and infrastructure of the ALM System to support the
MANAGEMENT
guidelines to respond to the cyber security Bank’s business growth and provide added value
incidents. to management in decision making.
k. Update the Business Continuity Management e. Maintain continuous enhancement and regular
(BCM) policy according to the latest conditions. reviews and validation of market and liquidity
l. Increase operational risk awareness campaign risk measurement methodologies.
by periodically submission of email blasts and f. Implementation of Minimum Capital Adequacy
self-raise issue campaign to ensure Danamon Ratio Market Risk calculations and reporting
OPERATIONAL REVIEW
employees proactively identify risks and conduct including CVA, in accordance with SEOJK No. 23/
necessary corrective actions prior to any SEOJK.03/2022.
operational risk incident. g. Continue to conduct regular updates on policies,
m. Conduct sharing sessions through webinars, methodologies and procedures related to
the Risk Academy, and online training to all Market Risk and Liquidity Risk.
Bank employees to increase the awareness of
Information Security and the risks related to the
use of technology in general.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 181
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IMPLEMENTATION OF BASEL III
In regard to capital, BI and the OJK have issued several regulations related to the Minimum Capital Adequacy
Requirement to support the implementation of Basel III in Indonesia.
The following are the phases of Basel III implementation, in conjunction with the capital management:
2013 2014 2015 2016 2017 2018 2019 and so forth
• CAR is based on Risk Profile Rating
• Tier 1 Capital Ratio is minimum at 6%
• Common Equity Tier 1 Capital Ratio is
minimum at 4.5%
0.625% 1.25% 1.875% 2.5% 2.5% 2.5%
Capital Conservation Buffer
Issuance of
CAR
Countercyclical Buffer (0% - 2.5%)
regulation
based on
Capital Surcharge for Sistemic Bank (1% - 3.5%)
Basel III
There are 3 (three) additional capital buffers that must The range of the countercyclical buffer is between
be provided by Danamon since 2016, as follows: 0% and 2.5% of RWA. Currently, the countercyclical
buffer for Danamon is still set at 0%.
• Capital Conservation Buffer, additional capital
that serves as a buffer in the event of a loss during a • Capital Surcharge for Systemic Banks, is
crisis, which is implemented in stages as follows: additional capital that serves to reduce negative
i. 1 January 2016: 0.625% of RWA impacts on financial and economic system stability
ii. 1 January 2017: 1.25% of RWA in the event of a bank failure that has a systemic
iii. 1 January 2018: 1.875% of RWA impact through increasing a bank’s ability to absorb
iv. 1 January 2019: 2.5% of RWA losses.
Based on the above regulations, Danamon must Capital Surcharge only applies to those banks
establish a capital buffer in the form of a Capital categorized as Systemic Banks, providing an
Conservation Buffer of 2.5% of RWA. additional buffer of 1% to 3.5% of RWA, depending
on the OJK’s decision.
• Countercyclical Buffer, is additional capital that
serves as a buffer to anticipate losses in the event Based on an OJK letter to Danamon dated 18 April 2023,
of excessive banking credit growth that could Danamon was designated as a Systemic Bank classified
potentially disrupt financial system stability. in group (bucket) 1; therefore, Danamon is required to
establish a Capital Surcharge of 1% of RWA.
182 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
In terms of bank liquidity management, the implementation of a Liquidity Coverage Ratio is based on Financial
Services Authority Regulation (POJK) No. 42/POJK.03/2015 on Liquidity Coverage Ratio-LCR for Commercial Banks
issued in December 2015, and POJK No. 32/POJK.03/2016 on Transparency and Publication of Bank Reports issued
in August 2016, where the implementation is in compliance with the Basel III liquidity framework.
MANAGEMENT REPORT
In addition to LCR, Basel also introduced an additional ratio, the Net Stable Funding Ratio (NSFR), as a complement
to liquidity risk management, as well as a leverage ratio as a complement to capital ratios. The introduction of
a leverage ratio is the backstop of the capital ratio, according to the risk profile, to prevent the occurrence of a
deleveraging process that can damage the financial system and economy.
The implementation of the Net Stable Funding Ratio (NSFR) is based on Financial Services Authority Regulation (POJK)
No. 50/POJK.03/2017 on Obligation of Net Stable Funding Ratio (NSFR) for Commercial Banks issued in July 2017.
Implementation of the POJK was effective as of January 2018, with a minimum ratio of 100%. The aspects of the NSFR
related to calculation, implementation period, reporting, publication, and others refer to the above POJK.
COMPANY PROFILE
As part of the Basel III implementation framework, Danamon has implemented the management of interest rate
risk in the Banking Book as regulated by the OJK in its Circular Letter No. 12/SEOJK.03/2018 pertaining to the
Implementation of Risk Management and Measurement based on Standardized Approach for Interest Rate Risk in
the Banking Book for Commercial Banks.
Danamon has implemented Basel III Reform for credit risk which effectively reported for the position of January 2023
as stipulated in OJK Circular Letter No. 24/SEOJK.03/2021 Concerning Calculation of Risk-Weighted Assets Calculation
for Credit Risk Using a Standard Approach for Commercial Banks.
DISCUSSION & ANALYSIS
Disclosure of information below is based on SEOJK No. 9 /SEOJK.03/2020 related to Transparency and Publication
Report for Conventional Bank; and SEOJK No. 24 /SEOJK.03/2021 related to Calculation of RWA Credit Risk Using
MANAGEMENT
Standardized Approach for Commercial Banks as of 31 December 2023. In addition, Table 15 to 19 are referring to
SEOJK Transparency and Publication; and related tables are no longer reported for the year of 2023 in accordance
with SEOJK RWA Credit Risk.
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 183
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REVIEW
DISCLOSURE OF RISK AND CAPITAL EXPOSURE
Disclosure of information below as of 31 December 2023 is based on SEOJK No. 9/SEOJK.03/2020 related to
Transparency and Publication Report for Conventional Bank; and SEOJK No. 24/SEOJK.03/2021 related to Calculation
of RWA Credit Risk Using Standardized Approach for Commercial Banks; while as of 31 December 20222 is based on
SEOJK No. 9/SEOJK.03/2020.
GENERAL RISK
TABLE 1. KEY METRICS (KM1) - BANK ONLY
No Description
Available Capital
1 Common Equity Tier 1 (CET1)
2 Tier 1 Capital
3 Total Capital
Risk Weighted Assets
4 Total Risk Weighted Assets (RWA)
Risk Based Capital Ratios as a percentage of RWA
5 CET1 Ratio (%)
6 Tier 1 Ratio (%)
7 Total Capital Ratio (%)
Additional CET1 buffer requirements as a percentage of RWA
8 Capital conservation buffer (2.5% of RWA) (%)
9 Countercyclical Buffer (0 - 2.5% of RWA) (%)
10 Capital Surcharge for Systemic Bank (1% - 3.5%) (%)
11 Total CET1 as buffer requirements (row 8 + row 9 + row 10)
12 CET1 component for buffer
Basel III leverage ratio
13 Total Exposure
14 Leverage ratio, including the impact of any applicable temporary exemption of central bank reserves (%)
14b Leverage ratio, excluding the impact of any applicable temporary exemption of central bank reserves (%)
14c Leverage Ratio, including the impact of any applicable temporary exemption of central bank reserves, which
includes the average value of the carrying value of Securities Financing Transactions (SFT) on a gross basis (%).
14d Leverage Ratio, Excluding the impact of any applicable temporary exemption of central bank reserves, which
includes the average value of the carrying value of Securities Financing Transactions (SFT) on a gross basis (%).
184 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
(in million Rupiah)
31-DEC-23 31-SEP-23 30-JUN-23 31-MAR-23
31-Dec-22
COMPANY PROFILE
34,156,702 33,648,233 33,010,398 31,580,812 32,209,649
34,156,702 33,648,233 33,010,398 31,580,812 32,209,649
35,753,045 35,171,778 34,481,904 32,962,177 33,553,897
141,109,736 133,897,443 131,192,215 125,958,237 132,389,590
DISCUSSION & ANALYSIS
24.21% 25.13% 25.16% 25.07% 24.33%
24.21% 25.13% 25.16% 25.07% 24.33%
MANAGEMENT
25.34% 26.27% 26.28% 26.17% 25.34%
2.50% 2.50% 2.50% 2.50% 2.50%
0.00% 0.00% 0.00% 0.00% 0.00%
1.00% 1.00% 1.00% 1.00% 1.00%
3.50% 3.50% 3.50% 3.50% 3.50%
OPERATIONAL REVIEW
16.34% 17.27% 17.28% 17.17% 16.34%
205,574,011 192,535,512 188,590,512 189,650,967 185,143,103
16.62% 17.48% 17.51% 16.65% 17.40%
16.62% 17.48% 17.51% 16.65% 17.40%
16.58% 17.45% 17.51% 16.57% 17.48%
16.58% 17.45% 17.51% 16.57% 17.48%
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 185
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OPERATIONAL
REVIEW
No Description
Liquidity Coverage Ratio (LCR)
15 Total high-quality liquid assets (HQLA)
16 Total net cash outflow
17 LCR ratio (%)
Net Stable Funding Ratio (NSFR)
18 Total available stable funding
19 Total required stable funding
20 NSFR ratio
Qualitative Analysis
CAR:
Capital Adequacy Ratio (CAR) of Danamon individually in December 2023 was 25.34%, above minimum requirements as stipulated in POJK No. 11/
POJK.03/2016, which is 9%, with additional fulfillment of capital surcharge for D-SIB of 1.0% and capital conservation buffer of 2.5%.
Leverage Ratio:
The leverage ratio of Danamon individually in December 2023 was 16.58, above minimum requirement as stipulated in POJK No. 31/POJK.03/2019,
which is 3%.
186 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
31-DEC-23 31-SEP-23 30-JUN-23 31-MAR-23
31-Dec-22
MANAGEMENT REPORT
34,458,528 36,768,951 40,831,146 42,308,686 43,710,732
26,328,877 25,800,171 27,713,316 27,615,038 28,816,829
130.88% 142.51% 147.33% 153.21% 151.68%
142,030,357 135,480,364 131,347,326 128,487,690 128,663,845
114,915,994 109,239,713 105,076,688 99,017,769 95,884,853
123.59% 124.02% 125.00% 129.76% 134.19%
Qualitative Analysis
COMPANY PROFILE
LCR:
The average Liquidity Coverage Ratio (LCR) of Danamon individually in December 2023 was 130.88%. This ratio was still above the minimum ratio
value as stipulated in POJK No. 42/POJK.03/2015 and revised through OJK Regulation number 48/POJK.03/2020, which is 100%. The composition of
High-Quality Liquid Assets (HQLA) owned by the Bank was still dominated by Placements with Bank Indonesia (BI), as well as Securities issued by
the Central Government and BI.
NSFR:
The Net Stable Funding Ratio (NSFR) of Danamon individually in December 2023 was 123.59%, above the OJK minimum requirement of 100%. Total
Available Stable Fund (ASF) of Danamon individually in December 2023 was IDR 142.03 Trillion (weighted value) with the largest component coming
from Deposits from individual and micro customers amounting to IDR 62.45 Trillion (weighted value) and Capital of IDR 50.87 Trillion (weighted
value).
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 187
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OPERATIONAL
REVIEW
TABLE 1. KEY METRICS (KM1) - BANK CONSOLIDATED WITH SUBSIDIARY
No Description
Available Capital
1 Common Equity Tier 1 (CET1)
2 Tier 1 Capital
3 Total Capital
Risk Weighted Assets
4 Total Risk Weighted Assets (RWA)
Risk Based Capital Ratios as a percentage of RWA
5 CET1 Ratio (%)
6 Tier 1 Ratio (%)
7 Total Capital Ratio (%)
Additional CET1 buffer requirements as a percentage of RWA
8 Capital conservation buffer (2.5% of RWA) (%)
9 Countercyclical Buffer (0 - 2.5% of RWA) (%)
10 Capital Surcharge for Systemic Bank (1% - 3.5%) (%)
11 Total CET1 as buffer requirements (row 8 + row 9 + row 10)
12 CET1 component for buffer
Basel III leverage ratio
13 Total Exposure
14 Leverage ratio, including the impact of any applicable temporary exemption of central bank reserves (%)
14b Leverage ratio, excluding the impact of any applicable temporary exemption of central bank reserves (%)
14c Leverage Ratio, including the impact of any applicable temporary exemption of central bank reserves, which
includes the average value of the carrying value of Securities Financing Transactions (SFT) on a gross basis (%).
14d Leverage Ratio, Excluding the impact of any applicable temporary exemption of central bank reserves, which
includes the average value of the carrying value of Securities Financing Transactions (SFT) on a gross basis (%).
Liquidity Coverage Ratio (LCR)
15 Total high-quality liquid assets (HQLA)
16 Total net cash outflow
17 LCR ratio (%)
Net Stable Funding Ratio (NSFR)
18 Total available stable funding
19 Total required stable funding
20 NSFR ratio
Qualitative Analysis
CAR:
Capital Adequacy Ratio (CAR) of Danamon consolidated in December 2023 was 27.52%, above minimum requirements as stipulated in POJK No.
11/POJK.03/2016, which is 9%, with additional fulfillment of capital surcharge for D-SIB of 1.0% and capital conservation buffer of 2.5%.
Leverage Ratio:
The leverage ratio of Danamon consolidated in December 2023 was 18.77%, above minimum requirement as stipulated in POJK No. 31/
POJK.03/2019 of 3%.
188 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
31-DEC-23 31-SEP-23 30-JUN-23 31-MAR-23
31-Dec-22
MANAGEMENT REPORT
44,057,898 43,021,972 41,908,622 40,979,327 41,211,393
44,057,898 43,021,972 41,908,622 40,979,327 41,211,393
45,755,058 44,635,141 43,470,127 42,448,069 42,631,755
166,274,024 157,011,138 154,284,696 148,739,445 161,838,210
26.50% 27.40% 27.16% 27.55% 25.46%
COMPANY PROFILE
26.50% 27.40% 27.16% 27.55% 25.46%
27.52% 28.43% 28.18% 28.54% 26.34%
2.50% 2.50% 2.50% 2.50% 2.50%
0.00% 0.00% 0.00% 0.00% 0.00%
1.00% 1.00% 1.00% 1.00% 1.00%
3.50% 3.50% 3.50% 3.50% 3.50%
DISCUSSION & ANALYSIS
18.52% 19.43% 19.18% 19.54% 17.34%
MANAGEMENT
234,222,386 219,360,166 214,766,853 215,733,409 208,211,092
18.81% 19.61% 19.51% 19.00% 19.79%
18.81% 19.61% 19.51% 19.00% 19.79%
18.77% 19.59% 19.52% 18.91% 19.88%
OPERATIONAL REVIEW
18.77% 19.59% 19.52% 18.91% 19.88%
34,538,059 36,849,152 40,916,478 42,383,507 43,793,025
26,203,874 25,814,818 27,973,216 27,908,017 28,718,071
131.81% 142.74% 146.27% 151.87% 152.49%
153,128,999 146,806,047 142,246,114 137,848,896 136,232,194
126,700,063 120,243,179 116,170,972 109,701,442 104,359,374
GOVERNANCE
CORPORATE
120.86% 122.09% 122.45% 125.66% 130.54%
Qualitative Analysis
LCR:
The average Liquidity Coverage Ratio (LCR) of Danamon consolidated during Q4-2023 was 131.81%, far above the OJK minimum requirement of
100%. This shows that Danamon consolidated has sufficient HQLA to cover net cash outflows for 1 month in crisis conditions.
NSFR:
The Net Stable Funding Ratio (NSFR) of Danamon consolidated in December 2023 was 120.86%, above the OJK minimum requirement of 100%.
Total Available Stable Fund (ASF) of Danamon consolidated in December 2023 was IDR 153.13 Trillion (weighted value) with the largest component
coming from Deposits from individual and micro and small business customers amounting to IDR 62.45 Trillion (weighted value) and Capital of
IDR 50.97 Trillion (weighted value).
CORPORATE DATA
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OPERATIONAL
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TABLE 2. DIFFERENCE BETWEEN CONSOLIDATED AND MAPPING ON FINANCIAL STATEMENTS IN ACCORDANCE
WITH FINANCIAL ACCOUNTING STANDARDS WITH RISK CATEGORIES IN ACCORDANCE WITH FINANCIAL
SERVICES AUTHORITY PROVISIONS FOR RISK CATEGORY (LI1) - BANK CONSOLIDATED WITH SUBSIDIARY
31 December 2023
Carrying value
as stated in the
No Accounts financial statement
publication
ASSETS
1 Cash 2,362,221
2 Placements with Bank Indonesia 14,066,295
3 Placements with other banks 2,134,286
4 Spot and derivative / forward receivables 271,966
5 Marketable securities 19,933,727
6 Securities sold under repurchase agreements (repo) -
7 Securities purchased under resale agreements (reverse repo) 2,384,446
8 Acceptance receivables 1,540,622
9 Loans 132,468,140
10 Sharia financing 11,182,741
11 Consumer financing receivables 27,763,390
Allowance for impairment losses on consumer financing receivables -/- (1,562,698)
12 Investments 1,424,571
13 Other financial assets 1,699,312
14 Allowance for impairment losses on financial assets -/-
a. Marketable securities (354,649)
b. Loans and Sharia financing (7,398,044)
c. Others (3,865)
15 Intangible assets 5,021,020
Accumulated amortisation on intangible assets -/- (3,206,535)
16 Fixed assets and equipment 5,702,510
Accumulated depreciation of fixed assets and equipment -/- (3,541,931)
17 Non earning asset -
a. Idle properties 66,100
b. Foreclosed assets 477,276
c. Suspense accounts -
d. Interbranch assets -
18 Leased receivables 1,505,070
19 Other assets 7,368,561
TOTAL ASSETS 221,304,532
190 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
MANAGEMENT REPORT
Carrying amount of each risk *)
Does not refer
In accordance with In accordance with In accordance with In accordance with to capital
the credit risk Counterparty Credit the Securitization the Market Risk requirements or
framework Risk framework Framework Framework based on capital
reduction
2,362,221 - - 153,173 -
14,066,295 - - 4,004,276 -
COMPANY PROFILE
2,134,286 - - 1,320,838 -
- 271,966 - 271,966 -
19,123,938 - - 2,871,846 -
- - - - -
2,384,446 - - - -
1,540,622 - - 1,435,561 -
132,468,140 - - 13,178,463 -
DISCUSSION & ANALYSIS
11,182,741 - - 393,922 -
27,763,390 - - - -
MANAGEMENT
(485,819) - - - -
467,414 - - - 957,157
1,587,732 - - 966,278 -
- - - - -
(5,851,494) - - (349,868) -
OPERATIONAL REVIEW
- - - (3,003) -
- - - - 5,021,020
- - - - (3,206,535)
5,702,510 - - - -
(3,541,931) - - - -
- - - - -
66,100 - - - -
477,276 - - - -
- - - - -
GOVERNANCE
CORPORATE
- - - - -
1,505,070 - - - -
4,273,424 - - - 2,444,043
217,226,363 271,966 - 24,243,452 5,215,685
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 191
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OPERATIONAL
REVIEW
31 December 2023
Carrying value
as stated in the
No Accounts financial statement
publication
LIABILITIES AND EQUITY
LIABILITIES
1 Current accounts 33,579,946
2 Savings 38,169,135
3 Time deposits 66,662,731
4 E-money -
5 Loans from Bank Indonesia -
6 Borrowings from other banks 3,031,690
7 Spot and derivative / forward liabilities 325,956
8 Securities sold under repurchase agreements (repo) -
9 Acceptance payables 1,540,622
10 Marketable securities issued 6,694,456
11 Borrowings 8,345,889
12 Security deposits 8,356
13 Interbranch liabilities -
14 Other liabilities 12,986,383
15 Minority interest 722,751
TOTAL LIABILITIES 172,067,915
EQUITY
16 Issued and fully paid capital
a. Authorized capital 10,000,000
b. Unpaid capital -/- (4,004,423)
c. Treasury stock -/- -
17 Additional paid-up capital -
a. Agio 7,985,971
b. Disagio -/- -
c. Capital paid in advance -
d. Others 8,242
18 Other comprehensive income -
a. Gains 167
b. Lossess -/- (119,361)
192 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 195
HIGHLIGHTS
FINANCIAL
(in million Rupiah)
Carrying amount of each risk *)
Does not refer
In accordance with In accordance with In accordance with In accordance with to capital
the credit risk Counterparty Credit the Securitization the Market Risk requirements or
MANAGEMENT REPORT
framework Risk framework Framework Framework based on capital
reduction
- - - 7,080,097 -
- - - 4,693,838 -
- - - 7,708,158 -
- - - - -
COMPANY PROFILE
- - - - -
- - - 801,488 -
- - - 325,957 -
- - - - -
- - - 1,435,561 -
- - - - -
DISCUSSION & ANALYSIS
- - - - -
- - - - -
MANAGEMENT
- - - - -
- - - 973,855 -
- - - - -
23,018,954
OPERATIONAL REVIEW
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
GOVERNANCE
- - - - -
CORPORATE
- - - - -
- - - - -
- - - 167 -
- - - - -
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 193
Page 196
OPERATIONAL
REVIEW
31 December 2023
Carrying value
as stated in the
No Accounts financial statement
publication
19 Reserves -
a. General reserves 529,037
b. Specific reserves -
20 Retained earnings -
a. Previous years 32,488,922
b. Current year 3,503,882
c. Deviden paid -/- (1,155,820)
TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT ENTITY 49,236,617
TOTAL EQUITY 49,236,617
TOTAL LIABILITIES AND EQUITY 221,304,532
Qualitative Analysis
There are several financial assets that are subject to more than one risk framework, as follows:
1. Spot and Derivatives Receivables, recorded on counterparty credit risk framework and market risk.
2. Placement to Bank Indonesia, Loan and marketable securities is recorded on Credit Risk dan Market Risk frameworks.
*) The carrying amount column as stated in the financial statement publication may differ from the sum of all the carrying amount of each risk,
because there are items that are calculated on more than one risk framework, or there are items that are not included in the risk framework at
all.
194 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 197
HIGHLIGHTS
FINANCIAL
(in million Rupiah)
Carrying amount of each risk *)
Does not refer
In accordance with In accordance with In accordance with In accordance with to capital
the credit risk Counterparty Credit the Securitization the Market Risk requirements or
MANAGEMENT REPORT
framework Risk framework Framework Framework based on capital
reduction
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
COMPANY PROFILE
- - - - -
- - - 167 -
- - - - -
- - - 23,019,121 -
Each risk frameworks calculation on financial asset is following OJK regulation as follow:
DISCUSSION & ANALYSIS
1. SEOJK No.24/SEOJK.03/2021 concerning RWA Calculation for Credit Risk using the Standardized Approach for Commercial
Banks
2. SEOJK No. 48/SEOJK.03/2017 concerning Guidelines for Calculation of Net Receivables for Derivative Transactions in the Risk-
MANAGEMENT
Weighted Assets Calculation for Credit Risk using Standardized Approach, and
3. SEOJK Number 38/SEOJK.03/2016 concerning Guidelines for Using Standardized Method in Calculation of Capital Adequacy
Ratio for Commercial Banks by Taking Market Risk into Account.
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 195
Page 198
OPERATIONAL
REVIEW
TABLE 3. MAIN DIFFERENCES BETWEEN CARRYING VALUE ACCORDING TO FINANCIAL ACCOUNTING STANDARDS
AND EXPOSURE VALUE ACCORDING TO OJK REGULATIONS (LI2) - BANK CONSOLIDATED WITH SUBSIDIARY
31 December 2023 (in million Rupiah)
Items :
No Component Total Counterparty
Credit Risk Securitization Market Risk
Credit Risk
Framework Framework Framework
Framework
1 Carrying value of assets 241.741.781 217.226.363 0 271.966 24.243.452
is in accordance with the
prudential consolidated
coverage (as reported in table
LI1)
2 Carrying amount of the 23.019.121 0 0 0 23.019.121
liability is in accordance with
the prudential consolidated
coverage (as reported in table
LI1)
3 Total net value is in 264.760.902 217.226.363 0 271.966 47.262.573
accordance with the
prudential consolidated
coverage
4 Administrative account value 43.700.774 17.214.099 0 560.384 25.926.291
5 Difference in valuation - - - - -
6 Difference because - - - - -
netting rules, other than
those included in line 2.
7 Difference in provision - - - - -
8 Difference is due to - - - - -
prudential filters
Exposure value considered 308.461.676 234.440.462 0 832,350 73.188.864
is in accordance with the
consolidated scope of the
prudential provisions
Qualitative Analysis
There are several financial assets that are subject to more than one risk framework, as follows:
1. Spot and Derivatives Receivables, recorded on counterparty credit risk framework and market risk.
2. Placement to Bank Indonesia, Loan and marketable securities is recorded on Credit Risk dan Market Risk frameworks.
Each risk frameworks calculation on financial asset is following OJK regulation as follow:
1. SEOJK No.24/SEOJK.03/2021 concerning RWA Calculation for Credit Risk using the Standardized Approach for Commercial Banks
2. SEOJK No. 48/SEOJK.03/2017 concerning Guidelines for Calculation of Net Receivables for Derivative Transactions in the Risk-Weighted Assets
Calculation for Credit Risk using Standardized Approach, and
3. SEOJK Number 38/SEOJK.03/2016 concerning Guidelines for Using Standardized Method in Calculation of Capital Adequacy Ratio for
Commercial Banks by Taking Market Risk into Account.
196 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 199
HIGHLIGHTS
FINANCIAL
Explanations of differences between accounting and regulatory exposure amounts (LIA)
The Bank and Subsidiary classify fair value measurements using a fair value hierarchy that reflects the significance of
the inputs used in making the measurements. The fair value hierarchy shall have the followings levels:
1. Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1);
MANAGEMENT REPORT
2. Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly
(example, price) or indirectly (example, derived from prices) (Level 2); and
3. Inputs for the asset and liability that are not based on observable market data (unobservable inputs) (Level 3).
Fair values of financial assets and financial liabilities that are traded in active markets are based on quoted market
prices or dealer price quotations. For all other financial instruments, the Bank and Subsidiary determine fair values
using valuation techniques. Valuation techniques include net present value and discounted cash flow models, and
comparison to similar instruments for which market observable prices exist. Assumptions and inputs used in valuation
techniques include risk-free and benchmark interest rates, credit spreads and other variable used in estimating
discount rates, bond prices, foreign currency exchange rates, and expected price volatilities and correlations.
COMPANY PROFILE
CAPITAL RISK
TABLE 4. CAPITAL COMPOSITION (CC1)
31 December 2023 (in million Rupiah)
Ref. No.
DISCUSSION & ANALYSIS
from
No Component Bank Consolidated
Publication
Balance Sheet
MANAGEMENT
Common Equity Tier 1 capital:
instruments and reserves
1 Directly issued qualifying common share (and equivalent for 13,981,548 13,981,548 a+b+c
non-joint stock companies) capital plus related stock surplus
2 Retained earnings 34,836,983 34,836,983 d+e+f
3 Accumulated other comprehensive income (and other 539,923 539,923 g+h+i
reserves)
OPERATIONAL REVIEW
4 Directly issued capital subject to phase out from CET1 (only N/A N/A
applicable to non-joint stock companies)
5 Common share capital issued by subsidiary and held by third - -
parties (amount allowed in group CET1)
6 Common Equity Tier 1 capital before regulatory 49,358,454 49,358,454
adjustments
Common Equity Tier 1 capital:
regulatory adjustments
7 Prudential valuation adjustments - -
8 Goodwill (net of related tax liability) - (1,074,532) j+k
9 Other intangibles other than mortgage-servicing rights (net of (619,294) (739,953) l+m
GOVERNANCE
related tax liability)
CORPORATE
10 Deferred tax assets that rely on future profitability excluding N/A N/A
those arising from temporary differences (net of related tax
liability)
11 Cash-flow hedge reserve N/A N/A
12 Shortfall of provisions to expected losses N/A N/A
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
CORPORATE DATA
15 Defined-benefit pension fund net assets N/A N/A
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 197
Page 200
OPERATIONAL
REVIEW
31 December 2023 (in million Rupiah)
Ref. No.
from
No Component Bank Consolidated
Publication
Balance Sheet
16 Investments in own shares (if not already netted off paid-in N/A N/A
capital on reported balance sheet)
17 Reciprocal cross-holdings in common equity - -
18 Investments in the capital of banking, financial and insurance N/A N/A
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 Significant investments in the common stock of banking, N/A N/A
financial and insurance entities that are outside the scope
of regulatory consolidation, net of eligible short positions
(amount above 10% threshold)
20 Mortgage servicing rights (amount above 10% threshold) - -
21 Deferred tax assets arising from temporary differences N/A N/A
(amount above 10% threshold, net of related tax liability)
22 Amount exceeding the 15% threshold N/A N/A
23 of which : significant investments in the common stock of N/A N/A
financials
24 of which : mortgage servicing rights N/A N/A
25 of which : deferred tax assets arising from temporary N/A N/A
differences
26 National specific regulatory adjustments - -
26a Under provision between regulatory provision and impairment - -
value on productive assets
26b Under provision between regulatory provision and impairment (84,871) (84,871)
value on non productive assets
26c Deferred tax assets (2,089,078) (2,444,043) n
26d Investments (12,408,509) (957,157) o
26e Short of capital on insurance subsidiary company - -
26f Capital securitisation exposure - -
26g Others - -
27 Regulatory adjustments applied to Common Equity Tier 1 due - -
to insufficient Additional Tier 1 and Tier 2 to cover deductions
28 Total regulatory adjustments to Common Equity Tier 1 (15,201,752) (5,300,556)
29 Common Equity Tier 1 capital (CET1) 34,156,702 44,057,898
Additional Tier 1 capital:
instruments
30 Directly issued qualifying Additional Tier 1 instruments plus - -
related stock surplus
31 of which: classified as equity under applicable accounting - -
standards
32 of which: classified as liabilities under applicable accounting - -
standards
33 Directly issued capital instruments subject to phase out from N/A N/A
Additional Tier 1
34 Additional Tier 1 instruments (and CET1 instruments not - -
included in row 5) issued by subsidiary and held by third
parties (amount allowed in group AT1)
35 of which: instruments issued by subsidiary subject to phase N/A N/A
out
36 Additional Tier 1 capital before regulatory adjustments - -
198 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 201
HIGHLIGHTS
FINANCIAL
31 December 2023 (in million Rupiah)
Ref. No.
from
No Component Bank Consolidated
Publication
Balance Sheet
Additional Tier 1 capital:
MANAGEMENT REPORT
regulatory adjustments
37 Investments in own Additional Tier 1 instruments N/A N/A
38 Reciprocal cross-holdings in Additional Tier 1 instruments - -
39 Investments in the capital of banking, financial and insurance N/A N/A
entities that are outside the scope of regulatory consolidation,
net of eligible short positions, where the bank does not own
more than 10% of the issued common share capital of the
entity (amount above 10% threshold)
40 Significant investments in the capital of banking, financial and N/A N/A
insurance entities that are outside the scope of regulatory
consolidation (net of eligible short positions)
COMPANY PROFILE
41 National specific regulatory adjustments - -
41a Placement of funds in instruments AT 1 at other Banks - -
42 Regulatory adjustments applied to Additional Tier 1 due to - -
insufficient Tier 2 to cover deductions
43 Total regulatory adjustments to Additional Tier 1 capital - -
44 Additional Tier 1 capital (AT1) - -
45 Tier 1 capital (T1 = CET1 + AT1) 34,156,702 44,057,898
DISCUSSION & ANALYSIS
Tier 2 capital:
instruments and provisions
46 Directly issued qualifying Tier 2 instruments plus related stock 24,583 24,583 p
MANAGEMENT
surplus
47 Directly issued capital instruments subject to phase out from N/A N/A
Tier 2
48 Tier 2 instruments (and CET1 and AT1 instruments not - -
included in rows 5 or 34) issued by subsidiary and held by third
parties (amount allowed in group Tier 2)
49 of which: instruments issued by subsidiary subject to phase N/A N/A
out
OPERATIONAL REVIEW
50 General allowance for possible losses on earning assets (max. 1,571,760 1,672,577
1.25% of RWA Credit Risk)
51 Tier 2 capital before regulatory adjustments 1,596,343 1,697,160
Tier 2 capital:
regulatory adjustments
52 Investments in own Tier 2 instruments N/A N/A
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC - -
liabilities
54 Investments in the other TLAC liabilities of banking, financial N/A N/A
and insurance entities that are outside the scope of regulatory
consolidation and where the bank does not own more than
GOVERNANCE
CORPORATE
10% of the issued common share capital of the entity: amount
previously designated for the 5 % threshold but that no longer
meets the conditions (for G-SIBs only)
55 Significant investments in the capital and other TLAC liabilities N/A N/A
of banking, financial and insurance entities that are outside
the scope of regulatory consolidation (net of eligible short
positions)
56 National specific regulatory adjustments - -
56a Sinking fund - -
56b Placement of funds in Tier 2 instruments at other Banks - -
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 199
Page 202
OPERATIONAL
REVIEW
31 December 2023 (in million Rupiah)
Ref. No.
from
No Component Bank Consolidated
Publication
Balance Sheet
57 Total regulatory adjustments to Tier 2 capital - -
58 Tier 2 capital (T2) 1,596,343 1,697,160
59 Total capital (TC = T1 + T2) 35,753,045 45,755,058
60 Total risk weighted assets 141,109,736 166,274,024
Capital ratios and buffers
61 Common Equity Tier 1 (as a percentage of risk weighted 24.21% 26.50%
assets)
62 Tier 1 (as a percentage of risk weighted assets) 24.21% 26.50%
63 Total capital (as a percentage of risk weighted assets) 25.34% 27.52%
64 Institution specific buffer requirement (minimum CET1 3.50% 3.50%
requirement plus capital conservation buffer plus
countercyclical buffer requirements plus G-SIB buffer
requirement, expressed as a percentage of risk weighted
assets)
65 of which: capital conservation buffer requirement 2.50% 2.50%
66 of which: bank specific countercyclical buffer requirement 0.00% 0.00%
67 of which: G-SIB buffer requirement 1.00% 1.00%
68 Common Equity Tier 1 available to meet buffers (as a 16.34% 18.52%
percentage of risk weighted assets)
National minima (if different from Basel III)
69 National Common Equity Tier 1 minimum ratio (if different N/A N/A
from Basel III minimum)
70 National Tier 1 minimum ratio (if different from Basel III N/A N/A
minimum)
71 National total capital minimum ratio (if different from Basel III N/A N/A
minimum)
Amounts below the thresholds for deduction
(before risk weighting)
72 Non-significant investments in the capital and other TLAC N/A N/A
liabilities of other financial entities
73 Significant investments in the common stock of financials N/A N/A
74 Mortgage servicing rights (net of related tax liability) N/A N/A
75 Deferred tax assets arising from temporary differences (net of N/A N/A
related tax liability)
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of N/A N/A
exposures subject to standardised approach (prior to
application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised N/A N/A
approach
78 Provisions eligible for inclusion in Tier 2 in respect of N/A N/A
exposures subject to internal ratings-based approach (prior to
application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings- N/A N/A
based approach
200 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 203
HIGHLIGHTS
FINANCIAL
31 December 2023 (in million Rupiah)
Ref. No.
from
No Component Bank Consolidated
Publication
Balance Sheet
Capital instruments subject to phase-out arrangements
MANAGEMENT REPORT
(only applicable between
1 Jan 2018 and 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase out N/A N/A
arrangements
81 Amount excluded from CET1 due to cap N/A N/A
(excess over cap after redemptions and maturities)
82 Current cap on AT1 instruments subject to phase out N/A N/A
arrangements
83 Amount excluded from AT1 due to cap (excess over cap after N/A N/A
redemptions and maturities)
COMPANY PROFILE
84 Current cap on T2 instruments subject to phase out N/A N/A
arrangements
85 Amount excluded from T2 due to cap (excess over cap after N/A N/A
redemptions and maturities)
TABLE 5. CAPITAL RECONCILIATION (CC2)
31 December 2023 (in million Rupiah)
No Accounts Bank Consolidated Ref. No.
ASSETS
DISCUSSION & ANALYSIS
1 Cash 2,233,846 2,362,221
2 Placements with Bank Indonesia 14,066,295 14,066,295
MANAGEMENT
3 Placements with other banks 1,538,845 2,134,286
4 Spot and derivative receivables 270,960 271,966
5 Marketable securities owned 19,982,660 19,933,727
6 Securities sold under repurchase agreements (repo) - -
7 Securities purchased under resale agreements (reverse repo) 2,384,446 2,384,446
8 Acceptance receivables 1,540,622 1,540,622
OPERATIONAL REVIEW
9 Loans 133,460,223 132,468,140
10 Sharia financing 11,182,741 11,182,741
11 Consumer financing receivables - 27,763,390
Allowance for impairment losses on consumer financing - (1,562,698)
receivables -/-
12 Investments
a. Calculated as capital deduction factor 12,408,509 957,157 o
b. Not calculated as capital deduction factor 81,054 467,414
13 Other financial assets 1,598,651 1,699,312
14 Allowance for impairment losses on financial assets -/-
GOVERNANCE
a. Marketable securities (354,649) (354,649)
CORPORATE
b. Loans (7,337,274) (7,398,044)
c. Others (3,865) (3,865)
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 201
Page 204
OPERATIONAL
REVIEW
31 December 2023 (in million Rupiah)
No Accounts Bank Consolidated Ref. No.
15 Intangible assets
a. Goodwill - 1,906,683 j
b. Other Intangible assets 2,555,396 3,114,337 l
Accumulated amortisation on intangible assets -/-
a. Goodwill - (832,151) k
b. Other Intangible assets (1,936,102) (2,374,384) m
16 Fixed assets and equipment 4,371,579 5,702,510
Accumulated depreciation of fixed assets and equipment -/- (2,693,728) (3,541,931)
17 Non earning asset
a. Idle properties 66,100 66,100
b. Foreclosed assets 477,276 477,276
c. Suspense accounts - -
d. Interbranch assets - -
18 Leased receivables - 1,505,070
19 Other assets
a. Deferred tax assets calculated as capital deduction factor 2,089,078 2,444,043 n
b. Other assets not calculated as capital deduction factor 4,588,263 4,924,518
Total Assets 202,570,926 221,304,532
Liabilities & Equity
1 Current accounts 34,390,610 33,579,946
2 Savings 38,169,135 38,169,135
3 Time deposits 66,662,731 66,662,731
4 E-money - -
5 Loans from Bank Indonesia - -
6 Borrowings from other banks 3,031,690 3,031,690
7 Spot and derivative / forward liabilities 325,956 325,956
8 Securities sold under repurchase agreements (repo) - -
9 Acceptance payables 1,540,622 1,540,622
10 Marketable securities issued - 6,694,456
11 Borrowings
a. Can be calculated in the capital component 24,583 24,583 p
b. Can not be calculated in the capital component 417 8,321,306
12 Security deposits 8,356 8,356
13 Interbranch liabilities - -
14 Other liabilities 9,180,209 12,986,383
15 Minority interest - 722,751
202 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 205
HIGHLIGHTS
FINANCIAL
31 December 2023 (in million Rupiah)
No Accounts Bank Consolidated Ref. No.
Total Liabilities 153,334,309 172,067,915
16 Issued and fully paid capital
a. Authorized capital 10,000,000 10,000,000 a
MANAGEMENT REPORT
b. Unpaid capital -/- (4,004,423) (4,004,423) b
c. Treasury stock -/- - -
17 Additional paid-up capital
a. Agio 7,985,971 7,985,971 c
b. Disagio -/- - -
c. Capital paid in advance - -
d. Others 8,242 8,242
18 Other comprehensive income
a. Gain
COMPANY PROFILE
i. Can be calculated in the capital component 70,167 70,167 g
ii. Can not be calculated in the capital component (70,000) (70,000)
b. Losses
i. Can be calculated in the capital component (59,281) (59,281) h
ii. Can not be calculated in the capital component (60,080) (60,080)
19 Reserves
a. General reserves 529,037 529,037 i
b. Specific reserves - -
DISCUSSION & ANALYSIS
20 Retained earnings
a. Previous years 32,488,922 32,488,922 d
MANAGEMENT
b. Current year
i. Can be calculated in the capital component 3,503,882 3,503,882 e
ii. Can not be calculated in the capital component - -
c. Dividend paid (1,155,820) (1,155,820) f
Total Equity Attributable to Equity Holders of The Parent 49,236,617 49,236,617
Equity
OPERATIONAL REVIEW
Total Equity 49,236,617 49,236,617
Total Liabilities and Equity 202,570,926 221,304,532
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 203
Page 206
OPERATIONAL
REVIEW
TABLE 6. KEY FEATURES OF CAPITAL AND TLAC-ELIGIBLE INSTRUMENTS (CCA)
31 December 2023
No Question
1 Issuer
2 Identification Number
3 Legal applied
Means by which enforceability requirement of Section 13 of the TLAC Term Sheet is achieved (for other TLAC-eligible
instruments governed by foreign law)
Instrument Treatment based on CAR requirements
4 During the transition period
5 After the transition period
6 Are the instrument eligible for Individual/Consolidated or Consolidated and Individual
7 Instrument Type
8 The amount recognized in the CAR calculation (in millions IDR)
9 Par Value of the instrument (in millions IDR)
10 Accounting Classification
11 Publication Date
204 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 207
HIGHLIGHTS
FINANCIAL
(in million Rupiah)
Main Capital Instrument Features Reconciliation and TLAC-Eligible (CCA)
Answer Answer
MANAGEMENT REPORT
PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk
"Exchange Code : BDMN N/A
ISIN : ID1000094204"
Indonesian Law Indonesian Law
N/A N/A
N/A N/A
CET1 Tier 2
Consolidated and Individual Consolidated and Individual
COMPANY PROFILE
Common Stock Subordinated Loan
13,981,548 24,583
5,995,577 25,000
Equity Liability - Amortized cost
STOCK SERIE A Subordinated Loan received on 4 December 2018
• Initial Public Offering on December 8, 1989 of 12,000,000 shares - par value per share of Rp and extended in 4 December 2023
1,000.
• Founders’ shares of 22,400,000 sheet.
• Bonus shares from additional paid-in capital capitalisation of 34,400,000 shares in 1992.
• Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) I of 224,000,000
DISCUSSION & ANALYSIS
shares - par value per share of Rp1,000, on 24 December 1993.
• Bonus shares from additional paid-in capital capitalisation of 112,000,000 shares - par value
per share of Rp1,000 in 1995.
MANAGEMENT
• Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) II of 560,000,000
shares - par value per share of Rp1,000, on 29 April 1996.
• Founders’ shares of 155,200,000 shares in 1996.
• Shares from the changes in the par value of shares of 1,120,000,000 sheet - par value per
share of Rp500 in 1997.
• Increase in par value to Rp10,000 per share through the reduction in total number of shares
(reverse stock split) to 112,000,000 shares in 2001.
• Increase in par value to Rp50,000 per share through the reduction in total number of shares
(reverse stock split) to 22,400,000 shares in 2003.
STOCK SERIE B
OPERATIONAL REVIEW
• Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) III of 215,040,000,000
shares - par value per share of Rp5 on 29 March 1999.
• Shares issued in order to merger with PDFCI of 45,375,000,000 shares - par value per share
of Rp5 in 1999.
• Shares issued in order to merger with Bank Tiara of 35,557,200,000 shares - par value per
share of Rp5 in 2000.
• Shares issued in order with the Bank’s merger with 7 Taken-Over (BTO) of 192,480,000,000
shares - par value per share of Rp5 in 2000.
• Increase in par value to Rp100 per share through the reduction in total number of shares
(reverse stock split) to 24,422,610,000 shares in 2001.
• Increase in par value to Rp500 per share through the reduction in total number of shares
(reverse stock split) to 4,884,522,000 shares in 2003.
• Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) IV of 3,314,893,116
shares - par value per share of Rp500, on 20 March 2009.
• Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) V of 1,162,285,399
shares - par value per share of Rp1,000, on 24 August 2011.
GOVERNANCE
CORPORATE
• Total Series B Shares issued start from 01 July 2015 until 30 June 2011 by the Company to,
and placed/taken by, the members of the Board of Directors that determined by the Board
of Commissioners of the Company and senior employees that determined by the Board of
Company Directors (“Option Beneficiaries”) who have exercised the option rights granted
to them under the E/M SOP program are 200,542,850 Series B shares or equals with Rp
100,271,425,000 with a par value per share of Rp500 in the period between 2005 and 2011.
• Shares conversion due to merger with PT Bank Nusantara Parahyangan Tbk (Bank BNP) ,
through an additional of 188,909,505 shares B series (with a par value per share of Rp500)
efective at 1 May 2019.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 205
Page 208
OPERATIONAL
REVIEW
31 December 2023
No Question
12 No maturity (perpertual) or with maturity
13 Due Date
14 Execution of Call Option based on Banks' supervisor approval
15 Date of call option, amounts withdrawal and other call option requirements (if any)
16 Subsequent call option
Coupon / Dividen
17 Dividend or coupon with fixed or floating interest
18 Coupon rate or other index to which reference
19 Whether or not dividend stopper
20 Fully discretionary; partial or mandatory
21 Any step up feature or other incentive
22 Non-cumulative or cumulative
23 Convertible atau non-convertible
24 If convertible, mention its trigger point
25 If convertible, whether whole or in part
26 If convertible, how the conversion rate
27 If convertible; whether mandatory or optional
28 If convertible, specify the type of conversion instrument
29 If convertible, mention the issuer of instrument it converts into
30 Write-down feature
31 If write-down, mention its trigger point
32 If write-down, whether whole or in part
33 If write-down; permanent or temporary
34 If temporary write-down, explain the write-up mechanism
34a Type of subordination
35 Instrument hierarchy when the liquidation is done
36 Is there non-compliant transitioned features
37 If yes, specify non-compliant features
206 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
Main Capital Instrument Features Reconciliation and TLAC-Eligible (CCA)
Answer Answer
Perpetual With maturity
MANAGEMENT REPORT
No maturity date 4 December 2028
No No
N/A N/A
N/A N/A
Floating Fixed
N/A 7.33%
Yes No
Mandatory Mandatory
COMPANY PROFILE
No No
Cumulative dan Non-cumulative Cumulative
Non-convertible Non-convertible
N/A N/A
N/A N/A
N/A N/A
N/A N/A
N/A N/A
DISCUSSION & ANALYSIS
N/A N/A
No Yes
MANAGEMENT
N/A (i) Common Equity Tier 1 Ratio become lower
than: (a) 8% of its RWA; or (b) as required by
prevailing law; or
(ii) CAR Ratio become lower than: (a) 13.5%; or (b)
as required by prevailing law; or
(iii) Regulators decide that Debtor’s business
continuity is potential interrupted
N/A whole or in part
N/A Permanent
OPERATIONAL REVIEW
N/A N/A
N/A N/A
Paid-up capital instrument and it’s subordinated to other capital instrument. Subordinated Loan will be subordinated, Creditors
Available to absorb losses incurred prior or at the time of liquidation. wil receive payment by hierarchy after Separtist
Creditors, Preference Creditors, Preference
Creditors, Concurrent Creditors, and Depositors
have been repaid in accordance with prevailing
laws and regulations in Indonesia when liquidation
is occurred
No No
N/A N/A
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 207
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OPERATIONAL
REVIEW
QUALITATIVE DISCLOSURE ON CAPITAL STRUCTURE AND CAPITAL ADEQUACY
Danamon is committed to managing a strong and healthy capital structure as foundation for sustainable business
growth.
Based on POJK No. 11/POJK.03/2016 regarding Capital Adequacy Ratio for Commercial Banks along with its
amendments, capital of the bank comprises of:
• Core capital (Tier 1 capital) comprising of main core capital and additional core capital; and
• Supplementary capital (Tier 2).
LEVERAGE RATIO
TABLE 7a. LEVERAGE RATIO REPORT
31 December 2023 (in milion Rupiah)
Total
No Information
Individual Consolidated
1 Total assets on the balance sheet in published financial statements 210,266,714 230,623,788
(gross value before deducting impairment provision)
2 Adjustment for investment in Bank, Financial Institution, Insurance Company, - -
and/or other entities that consolidated based on accounting standard yet out
of scope consolidation based on Otoritas Jasa Keuangan
3 Adjustment for portfolio of financial asset that have underlying which already - -
transferred to without recourse securitization asset as stipulated in OJK's
statutory regulations related to Prudential Principles in Securitization Asset
Activity for General Bank
4 Adjustment to temporary exception of Placement to Bank Indonesia in - -
accordance Statutory Reserve Requirement ( if any)
5 Adjustment to fiduciary asset that recognized as balance sheet based on - -
accounting standard yet excluded from total exposure in Leverage Ratio
calculation.
6 Adjustment to acquisition cost and sales price of financial assets regularly - -
using trade date accounting method
7 Adjustment to qualified cash pooling transaction as stipulated in this OJK's - -
regulation.
8 Adjustment to exposure of derivative transaction 1,024,516 1,038,089
9 Adjustment to exposure of Securities Financing Transaction (SFT) as example: - -
reverse repo transaction
10 Adjustment to exposure of Off Balance Sheet transaction that already multiply 17,095,450 17,095,450
with Credit Conversion Factor
11 Prudent valuation adjustments in form of capital deduction factor and (22,812,669) (14,534,941)
impairment provision
12 Other adjustments - -
13 Total exposure in Leverage Ratio Calculation 205,574,011 234,222,386
208 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
TABLE 7b. LEVERAGE RATIO CALCULATION REPORT
31 Desember 2023 (in milion Rupiah)
Bank Danamon Consolidated
MANAGEMENT REPORT
No Information
December September December September
2023 2023 2023 2023
On Balance Sheet Exposure
1 "On-balance sheet exposures (excluding 207,478,441 195,166,311 227,834,509 214,355,400
derivatives and securities financing
transactions (SFTs), but including collateral)
(gross value before deducting impairment provision)"
2 Gross-up for derivatives collateral provided where - - - -
deducted from balance sheet assets pursuant to the
accounting standard
COMPANY PROFILE
3 (Deductions of receivable assets for cash variation - - - -
margin provided in derivatives transactions)
4 (Adjustment for securities received under securities - - - -
financing transactions that are recognised as an asset)
5 (Impairment provision those assets inline with (7,695,788) (7,413,916) (9,319,256) (9,152,090)
accounting standard applied)
6 (Asset amounts deducted in determining Basel III Tier 1 (15,116,881) (14,572,925) (5,215,685) (5,199,186)
capital and regulatory adjustments)
DISCUSSION & ANALYSIS
7 Total on-balance sheet exposures 184,665,772 173,179,470 213,299,568 200,004,124
Derivative Exposure
MANAGEMENT
8 Replacement cost associated with all derivatives 379,344 625,402 380,753 625,402
transactions (where applicable net of eligible cash
variation margin and/or with bilateral netting)
9 Add-on amounts for potential future exposure 916,132 783,299 929,302 783,299
associated with all derivatives transactions
10 (Exempted central counterparty (CCP) leg of client- - - - -
cleared trade exposures)
11 Adjusted effective notional amount of written credit - - - -
OPERATIONAL REVIEW
derivatives
12 (Adjusted effective notional offsets and add-on - - - -
deductions for written credit derivatives)
13 Total derivative exposures 1,295,476 1,408,701 1,310,055 1,408,701
Securities financing transaction exposures
14 Gross SFT Assets 2,517,313 2,627,047 2,517,313 2,627,047
15 (Netted amounts of cash payables and cash receivables - - - -
of gross SFT assets)
16 Counterparty credit risk exposure for SFT assets refers - - - -
to Current Exposure calculation
GOVERNANCE
CORPORATE
17 Agent transaction exposures - - - -
18 Total securities financing transaction exposures 2,517,313 2,627,047 2,517,313 2,627,047
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 209
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OPERATIONAL
REVIEW
31 Desember 2023 (in milion Rupiah)
Bank Danamon Consolidated
No Information
December September December September
2023 2023 2023 2023
Other off-balance sheet exposures
19 Off-balance sheet exposure at gross notional amount 98,664,015 86,786,393 98,664,015 86,786,393
20 (Adjustment from the result of multiplying commitment (81,448,545) (71,355,742) (81,448,545) (71,355,742)
payable or contingent payables with credit conversion
factor and deducted with impairment provision)
21 (Impairment provision for off balance sheet inline with (120,020) (110,357) (120,020) (110,357)
accounting standard)
22 Off-balance sheet items 17,095,450 15,320,294 17,095,450 15,320,294
Capital and Total Exposure - - - -
23 Tier 1 Capital 34,156,702 33,648,233 44,057,898 43,021,972
24 Total Exposure 205,574,011 192,535,512 234,222,386 219,360,166
Leverage Ratio
25 Basel III leverage ratio (including the impact of any 16.62% 17.48% 18.81% 19.61%
applicable temporary exemption of central bank
reserves)
25a Basel III leverage ratio (excluding the impact of any 16.62% 17.48% 18.81% 19.61%
applicable temporary exemption of central bank
reserves)
26 National minimum leverage ratio requirement 3.00% 3.00% 3.00% 3.00%
27 Applicable leverage buffers 0.00% 0.00% 0.00% 0.00%
Disclosures of mean values
28 Mean value of gross SFT assets, after adjustment for 3,008,109 2,899,526 3,008,109 2,899,526
sale accounting transactions and netted of amounts of
associated cash payables and cash
29 Quarter-end value of gross SFT assets, after adjustment 2,517,313 2,627,047 2,517,313 2,627,047
for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables
30 Total exposures (including the impact of any applicable 206,064,807 192,807,991 234,713,182 219,632,646
temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT
assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and
cash receivables)
30a Total exposures (excluding the impact of any applicable 206,064,807 192,807,991 234,713,182 219,632,646
temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT
assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and
cash receivables)
210 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
31 Desember 2023 (in milion Rupiah)
Bank Danamon Consolidated
No Information
December September December September
2023 2023 2023 2023
MANAGEMENT REPORT
31 Basel III leverage ratio (including the impact of any 16.58% 17.45% 18.77% 19.59%
applicable temporary exemption of central bank
reserves) incorporating mean values from row 28 of
gross SFT assets (after adjustment for sale accounting
transactions and netted of amounts of associated cash
payables and cash receivables)
31a Basel III leverage ratio (excluding the impact of any 16.58% 17.45% 18.77% 19.59%
applicable temporary exemption of central bank
reserves) incorporating mean values from row 28 of
gross SFT assets (after adjustment for sale accounting
transactions and netted of amounts of associated cash
payables and cash receivables)
COMPANY PROFILE
RISK MANAGEMENT EFFORTS WITH risk management as a whole to every aspect of
DISCLOSURE OF EXPOSURE AND credit activity in compliance with the prevailing
IMPLEMENTATION OF RISK MANAGEMENT regulations, such as POJK No. 40/POJK.03/2019
regarding Assessment of Asset Quality for
1. Credit Risk Commercial Bank. During the recovery period
Credit risk is the potential financial loss caused from the COVID-19 pandemic, the Bank
by the failure of the borrowers or counterparties continues to provide support to debtors who
DISCUSSION & ANALYSIS
to fulfill their obligations in accordance with are still in transition period to “back to normal”,
the agreement. Danamon’s credit risk exposure especially in specific regions and sectors
MANAGEMENT
primarily arises from lending activities, as well as requiring longer time to recover after the end of
from other activities such as trade finance, treasury, national economic stimulus as a countercyclical
and investments. Credit risk exposure can also policy to address the impact of COVID-19
increase through the concentration of credit in spreading in accordance with POJK No. 19/2022
a certain geographic area, as well as because of and OJK KDK No. 34/KDK.03/2022 by still applying
certain borrower characteristics. the prudential principles and avoiding moral
hazards.
OPERATIONAL REVIEW
a. Credit Risk Management
Danamon implements Credit Risk Management Danamon has a Credit Risk Policy, which is a core
individually and consolidated with its policy and main framework for implementing
subsidiary, in ways that involve an active role credit risk management. This policy and
by the BOC and BOD. Credit Risk Management the credit guidelines in the line of business
Implementation covers the end-to-end process govern the credit risk management process
from credit acceptance criteria, origination comprehensively, including risk identification,
and approval, pricing, monitoring, collection, measurement, monitoring, and controlling.
collateral management, remedial management Credit policies and guidelines are reviewed
process, and portfolio management. Danamon periodically to comply with prevailing regulations
GOVERNANCE
always applies the prudential principle and and adjust to Danamon’s risk appetite.
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 211
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OPERATIONAL
REVIEW
Process Implementation Activities
Identification • Periodically review the Line of Business Product Program containing Industry analysis and marketing
strategies, criteria for credit approval, product performance, and the implementation of risk management.
• Establish credit approval criteria based on the 5C approach: Character, Capacity to Repay, Capital, Collateral,
and Conditions of the Economy. As well as adjusting the risk appetite, risk profile, and the Bank’s business
plan.
Assessment • Develop and implement a credit risk assessment methodology, such as an internal credit rating and credit
scorecards that are consistently enhanced and validated to evaluate loan disbursements and other facilities
related to credit.
• Establish credit risk assessment parameters, trigger scores, and limits on nonperforming loan levels,
portfolio concentrations, and other credit parameters.
• Conduct stress tests on significant changes of conditions as estimated potential impacts on portfolios,
revenues, as well as Danamon’s capital conditions.
Monitoring • Periodically monitor risks taken in accordance with risk appetite and business performance to remain within
the desired limits.
• Monitor product performance and portfolios at the Bank and its line of business levels through a reliable
Management Information System.
• Evaluate the adequacy of risk management implementation, which may provide improvement and
adjustment toward risk management strategies.
Control • Establish and periodically review the Policies and Guidelines for the implementation of credit risk
management that is applicable to business units in both general and specific terms.
• Implement adequate four-eyes principles in every process of credit facility approval.
• Delegate authority for credit approvals to selected members of the Credit Committee, based on qualifications
and competencies.
• Set internal limits for Legal Lending Limits for both individual and group debtors, and also for related and
non-related parties.
• Set the risk level and concentration limit on certain industrial sectors.
• Identify non-performing loans at an early stage so remedial processes can be conducted properly and
efficiently.
• Build up reserves and ensure the adequacy of provisions in line with the existing regulations.
• Develop an independent and sustainable internal control system.
In the Credit Risk Profile Analysis, the existing business model of Danamon and its Subsidiary was reflected in
the assessment of Inherent Risk and Quality of Risk Management Implementation, where Danamon as a bank
only and consolidated perform those assessments periodically and reported in the Credit Risk Profile Report.
Credit Risk Management process is performed thoroughly on all lines of defense in Danamon. Line of Business,
Subsidiary and Underwriting Unit as the risk-taking units, are the first line of defense which have important
roles in the implementation of adequate risk management.
Risk Management Directorate serves as an independent second line of defense. This unit is responsible for
monitoring and reviewing credit risk parameters, reviewing and adjusting Credit Policy, and developing risk
measurement methodologies and risk control procedures. The Compliance Working Unit , as the second line,
is also active in providing recommendations on the implementation of credit risk management in line with
regulations and granting credit facilities to Danamon’s related parties.
Compliance with the implementation of credit risk management is continuously evaluated by an independent
Internal Audit Unit acting as a third line of defense. This unit actively provides recommendations for the
improvement and development of Danamon’s risk management across all units.
212 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Credit Risk Internal Rating and Scorecard b. Credit Concentration Risk
Model Credit concentration risk arises when borrowers
Danamon has a Risk Modelling, Quantitative are engaged in similar business activities, or have
Technique, and Analytics (RA) Division to business activities in the same geographical area,
develop, implement, monitor, and review the or have similar characteristics that may affect
MANAGEMENT REPORT
risk modelling and methodologies of quantitative the ability of customers to fulfill their contractual
techniques. This also includes ensuring that obligations and are equally affected by changes
the Bank has robust risk modelling for prudent in economic conditions and other conditions.
portfolio management, and for the credit
business, as follows: Danamon encourages diversification of its
• Corporate loan portfolio in various geographical areas,
• Commercial industries, credit products, and individual
• Mid-Market debtors that reflects a balanced and healthy
• Financing Company risk profile and focuses on marketing efforts
• Financial Institutions toward the industry and potential customers to
COMPANY PROFILE
• Credit Card minimize credit risk. This diversification is based
• Unsecured Loans on Danamon’s strategic plan, the target sector,
• Small and Medium Enterprise Loans current economic conditions, government
• Mortgage policy, funding sources, and growth projections.
• Automotive Loans
c. Measurement and Control Mechanism of
In addition to the above models, the RA Division Credit Risk
also develops a Probability of Default (PD) model Danamon conducts intensive and rigorous
and implements the “Danamon Rating Scale” monitoring of any changes that may affect
DISCUSSION & ANALYSIS
(DRS), which is mapped according to the PD Danamon’s portfolio both individually and in
Model and scores/ratings that are applicable to consolidation with its subsidiary within the
MANAGEMENT
all line of business. Financial Conglomeration. Reviews of the
loan portfolio are conducted by the business
Internal Rating Model and Credit Scorecard unit level as a risk-taking unit and at the Risk
are used as a basis for ECL PSAK 71/IFRS 9 Management Working Unit level, which is also
calculation and have become among the several monitored periodically by the Risk Management
indicators used as references to make credit Committee at the BOD level and by the Risk
decisions, acquisitions, and portfolio monitoring. Oversight Committee at the BOC level.
OPERATIONAL REVIEW
Implementing the Internal Rating Model and
Credit Scorecard is expected to improve the
overall quality of Danamon’s loan portfolio.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 213
Page 216
OPERATIONAL
REVIEW
Danamon also carries out measurement of past Meanwhile, the CKPN calculation for Sharia
due and impaired loans. This includes claims that loans refers to POJK Penilaian Kualitas Aset Bank
have matured in the form of financial assets both Umum Syariah dan Unit Usaha Syariah, with the
in whole or in part, including interest payments exception of murabahah receivables, where the
that are overdue more than 90 (ninety) days and CKPN calculation is evaluated individually and
impaired claims that are financial assets that collectively based on PSAK 55.
have objective evidence of impairment based on
future cash-flow estimates. In implementing PSAK 71, Danamon uses the
following two methods:
Evaluation of impaired loans is categorized - Collective calculations, CKPN calculations
into two main segments: Wholesale (Enterprise at portfolio-based for retail, consumer and
Banking and SME) and Consumer. In the enterprise banking business lines (Corporate,
Wholesale Banking segment, the assessment Commercial, FI and Finco). In this method,
includes four main categories, which are the Bank uses Internal Rating and Scorecard
payment status, debtor’s financial performance, as a basis for determining the Probability of
assessment of debtors’ repayment status, and Default (PD) for each debtor.
restructured loans. For the Consumer segment, - Individual calculations, for large exposure
the assessments are conducted using a collective portfolios with impaired conditions and
approach through the portfolio and are assessed exposure above Rp 10 billion. This calculation
based on asset quality and the restructuring uses the Discounted Cash Flow (DCF) or
conditions. Collateral Approach which is calculated at
individual level.
d. Provisioning
Since January 1 2020, Danamon has implemented
PSAK 71 (IFRS 9) where Allowance for Impairment
Losses (CKPN) is recognized in the amount of
12 months of expected credit losses (ECL) or
throughout the lifetime of the financial asset.
CKPN is recognized for all financial assets of
debt instruments measured at amortized cost
or at FVTOCI, loan commitments and financial
guarantees.
214 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
The Company primarily uses sophisticated models In addition, for capital calculation, Danamon and
that utilise the probability of default (“PD”), loss its Subsidiary calculate the Penyisihan Penilaian
given default (“LGD”) and exposure at default (“EAD”) Kualitas Aset (PPKA) for all productive and non-
metrics, discounted using the effective interest rate. productive assets in accordance with applicable
regulations.
MANAGEMENT REPORT
a. Probability of Default (“PD”)
The probability at a point in time that a c. Exposure at Default (“EAD”)
counterparty will default, calibrated over up to The expected balance sheet exposure at
12 months from the reporting date (Stage 1) or the time of default, taking into account that
over the lifetime of the product (Stage 2 and 3) expected change in exposure over the lifetime
and incorporating the impact of forward-looking of the exposure. This incorporates the impact of
economic assumptions that have an effect on drawdowns of committed facilities, repayments
credit risk. PD is estimated at a point in time that of principal and interest, amortization and
means it will fluctuate in line with the economic prepayments, together with the impact of
cycle. forward looking economic assumptions where
COMPANY PROFILE
relevant.
b. Loss Given Default (“LGD”)
The loss that is expected to arise on default, In accordance with PSAK71 principles, Bank
incorporating the impact of relevant forward also define Stage-1 criteria for debtors with
looking economic assumptions (if any), good portfolio quality. Stage-2 for debtors
which represents the difference between the under Significant Increase in Credit Risk (SICR)
contractual cash flows due and those that the condition and Stage-3 for defaulted debtors with
Bank expects to receive. The Bank estimates collectability 3,4,5 or impaired.
LGD based on the historical recovery rates and
DISCUSSION & ANALYSIS
considers the recovery of any collateral that Danamon is also required to calculate PPA for
is integral to the financial assets, taking into productive and non-productive assets, which
MANAGEMENT
account forward looking economic assumptions refer to OJK regulations.
if relevant.
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 215
Page 218
OPERATIONAL
REVIEW
e. Disclosure of Danamon Quantitative Credit Risk
Danamon’s quantitative credit risk calculations for 2023 are disclosed in the following table:
TABLE 8. DISCLOSURE OF CREDIT QUALITY ASSETS (CR1)
i. Bank Only
31 December 2023
No Information
1 Credit
2 Securities
3 Administrative Account Transactions
Total
ii. Bank Consolidated With Subsidiary
31 December 2023
No Information
1 Credit
2 Securities
3 Administrative Account Transactions
Total
iii. Additional Disclosures
• Gross Carrying Value is the carrying value in the financial statements before taking into account loan loss
provision, without considering CCF and CRM techniques.
• For Past Due Receivables, Danamon refers to the criteria as stipulated in SEOJK No. 24/03/2021 concerning
the Calculation Risk Weighted Assets for Credit Risk using the Standardized Approach for Commercial Banks.
216 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
(in milion Rupiah)
Gross Carrying Value Allowance for Impairment Losses
ECL - Stage 2
Past Due Non Past Due ECL - IRB
ECL and ECL - Stage 1 Net Value
Receivables Receivables Approach
ECL - Stage 3
a b c d e f g
4,034,225 140,608,739 7,337,274 5,500,134 1,837,140 137,305,690
82,960 19,087,049 354,649 351,316 3,333 18,815,360
COMPANY PROFILE
- 13,223,873 29,207 1,202 28,005 13,194,666
4,117,185 172,919,661 7,721,130 5,852,652 1,868,478 - 169,315,716
(in milion Rupiah)
Gross Carrying Value Allowance for Impairment Losses
ECL - Stage 2
DISCUSSION & ANALYSIS
Past Due Non Past Due ECL - IRB
ECL and ECL - Stage 1 Net Value
Receivables Receivables Approach
ECL - Stage 3
MANAGEMENT
a b c d e f g
4,563,253 168,356,087 8,960,742 5,985,953 2,974,789 163,958,598
82,960 19,040,978 354,649 351,316 3,333 18,769,289
- 13,223,873 29,207 1,202 28,005 13,194,666
4,646,213 200,620,938 9,344,598 6,338,471 3,006,127 195,922,553
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 217
Page 220
OPERATIONAL
REVIEW
TABLE 9. DISCLOSURE OF MATURED CREDIT AND SECURITIES MOVEMENTS (CR2)
i. Bank Only
31 December 2023 (in milion Rupiah)
No Description a
1 Loans and Securities Mature in the previous reporting period 2,341,697
2 Loans and Securities Mature since the last reporting period 2,647,898
3 Loans and Securities that return to become undue bills 46,247
4 Write Off 2,705,664
5 Other changes 1,879,501
6 Past due Loans and Marketable Securities in Current Reporting Period (1+2-3-4+5) 4,117,185
TABLE 10. DISCLOSURE OF NET RECEIVABLES BASED ON REGION
i. Bank Only
31 December 2023
Jakarta, Bogor,
No Portfolio Category Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
a b c d e
1 Receivables on Sovereigns 33,312,925 - -
2 Receivables on Public Sector Entities 3,411,091 806 -
3 Receivables on Multilateral Development Banks and - - -
International Institutions
4 Receivables on Banks 13,262,544 134,585 50,280
5 Receivables Covered Bonds - - -
6 Receivables to securities companies and other financial 8,835,208 - 3,899
institutions
7 Receivables of subordinated securities, equity, and other 81,053 - -
capital instruments
8 Loans Secured by Residential Property 11,806,298 1,214,055 677,739
9 Loan Secured by Commercial Real Estate 11,932,146 1,547,937 2,126,717
10 Credit for land acquisition, land processing, and - - -
construction
11 Employee/Pensioner Loans - - -
12 Receivables on Micro, Small Business, & Retail Portfolio 17,197,733 2,347,551 1,430,996
13 Receivables on Corporate 54,179,874 1,252,565 1,385,622
14 Past Due Receivables 345,554 37,230 61,238
15 Other Assets 4,635,678 251,437 298,012
Total 159,000,104 6,786,166 6,034,503
218 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
ii. Bank Consolidated With Subsidiary
31 December 2023 (in milion Rupiah)
No Description a
MANAGEMENT REPORT
1 Loans and Securities Mature in the previous reporting period 2,684,541
2 Loans and Securities Mature since the last reporting period 2,887,741
3 Loans and Securities that return to become undue bills 63,955
4 Write Off 4,217,616
5 Other changes 3,355,503
6 Past due Loans and Marketable Securities in Current Reporting Period (1+2-3-4+5) 4,646,214
COMPANY PROFILE
iii. Additional Disclosures
• Definition of Past Due Receivables refers to the criteria as stipulated in SEOJK No. 24/03/2021 concerning the
Calculation of Risk Weighted Assets for Credit Risk using the Standardized Approach for Commercial Banks.
• Past Due Receivables in this table do not consider loan loss provision.
DISCUSSION & ANALYSIS
(in milion Rupiah)
MANAGEMENT
Net Receivables based on Region
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
f g h i j k l
OPERATIONAL REVIEW
- - - - - - 33,312,925
303 - 158 - - - 3,412,358
- - - - - - -
30,305 59,994 9,518 - 15,374 74 13,562,674
- - - - - - -
39,968 - - - 37,887 - 8,916,962
- - - - - - 81,053
GOVERNANCE
CORPORATE
1,487,360 288,715 404,502 196,636 647,574 206,704 16,929,583
1,867,162 663,382 1,440,776 851,721 2,338,701 1,023,212 23,791,754
- - - - - - -
- - - - - - -
2,601,219 126,320 2,129,638 1,368,925 5,167,223 109,679 32,479,284
1,193,372 176,015 434,502 835,006 2,021,436 866,123 62,344,515
17,089 - 14,799 8,139 40,091 643 524,778
CORPORATE DATA
267,634 157,519 357,960 243,444 408,101 173,148 6,792,938
7,504,412 1,471,945 4,791,853 3,503,871 10,676,387 2,379,583 202,148,824
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 219
Page 222
OPERATIONAL
REVIEW
31 December 2022
Jakarta, Bogor,
No Portfolio Category Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 39,514,435 - -
2 Receivables on Public Sector Entities 10,857,806 325 -
3 Receivables on Multilateral Development Banks and 1 - -
International Institutions
4 Receivables on Banks 11,466,466 128,602 50,290
5 Loans Secured by Residential Property 5,563,093 300,137 73,590
6 Loan Secured by Commercial Real Estate 2,963,792 21,879 66,096
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 13,762,225 1,793,219 1,065,696
9 Receivables on Corporate 54,655,802 3,476,493 4,150,032
10 Past Due Receivables 110,940 13,303 1,139
11 Other Assets 4,406,478 280,569 263,876
Total 143,301,038 6,014,527 5,670,719
ii. Bank Consolidated With Subsidiary
31 December 2023
Jakarta, Bogor,
No Portfolio Category Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 33,312,925 - -
2 Receivables on Public Sector Entities 3,411,756 806 -
3 Receivables on Multilateral Development Banks and - - -
International Institutions
4 Receivables on Banks 13,857,985 134,585 50,280
5 Receivables Covered Bonds - - -
6 Receivables to securities companies and other financial 7,794,481 - 3,899
institutions
7 Receivables of subordinated securities, equity, and other 467,413 - -
capital instruments
8 Loans Secured by Residential Property 11,806,298 1,214,055 677,739
9 Loan Secured by Commercial Real Estate 11,932,146 1,547,937 2,126,717
10 Credit for land acquisition, land processing, and construction - - -
11 Employee/Pensioner Loans - - -
12 Receivables on Micro, Small Business, & Retail Portfolio 44,238,643 2,347,551 1,430,996
13 Receivables on Corporate 55,689,116 1,252,565 1,385,622
14 Past Due Receivables 577,379 37,230 61,238
15 Other Assets 5,686,287 251,437 298,012
Total 188,774,429 6,786,166 6,034,503
220 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 223
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
Net Receivables based on Region
Sulawesi,
MANAGEMENT REPORT
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
(6) (7) (8) (9) (10) (11) (12)
- - - - - - 39,514,435
- - 81 - - - 10,858,212
- - - - - - 1
9,802 57,717 51 - 3 40 11,712,971
373,332 59,892 66,924 5,231 182,783 3,663 6,628,645
COMPANY PROFILE
137,362 13,305 15,637 23,239 23,954 65,847 3,331,111
- - - - - - -
1,495,221 108,852 1,081,973 670,029 3,024,257 130,921 23,132,393
3,506,309 1,028,299 2,340,071 1,669,920 3,639,009 1,750,468 76,216,403
7,916 1,294 3,923 297 2,239 4,273 145,324
321,408 208,576 482,221 322,970 491,471 213,279 6,990,848
5,851,350 1,477,935 3,990,881 2,691,686 7,363,716 2,168,491 178,530,343
DISCUSSION & ANALYSIS
MANAGEMENT
(in milion Rupiah)
Net Receivables based on Region
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
OPERATIONAL REVIEW
(6) (7) (8) (9) (10) (11) (12)
- - - - - - 33,312,925
303 - 158 - - - 3,413,023
- - - - - - -
30,305 59,994 9,518 - 15,374 74 14,158,115
- - - - - - -
39,968 - - - 37,887 - 7,876,235
GOVERNANCE
CORPORATE
- - - - - - 467,413
1,487,360 288,715 404,502 196,636 647,574 206,704 16,929,583
1,867,162 663,382 1,440,776 851,721 2,338,701 1,023,212 23,791,754
- - - - - - -
- - - - - - -
2,601,219 126,320 2,129,638 1,368,925 5,167,223 109,679 59,520,194
1,193,372 176,015 434,502 835,006 2,021,436 866,123 63,853,757
17,089 - 14,799 8,139 40,091 643 756,603
CORPORATE DATA
267,634 157,519 357,960 243,444 408,101 173,148 7,843,547
7,504,412 1,471,945 4,791,853 3,503,871 10,676,387 2,379,583 231,923,148
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 221
Page 224
OPERATIONAL
REVIEW
31 December 2022
Jakarta, Bogor,
No Portfolio Category Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 39,514,435 - -
2 Receivables on Public Sector Entities 10,857,808 544 581
3 Receivables on Multilateral Development Banks and 1 - -
International Institutions
4 Receivables on Banks 12,235,780 128,602 50,290
5 Loans Secured by Residential Property 5,563,107 300,141 73,590
6 Loan Secured by Commercial Real Estate 2,963,792 21,879 66,096
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 18,097,594 3,033,431 3,794,136
9 Receivables on Corporate 54,995,605 3,586,711 4,491,288
10 Past Due Receivables 119,949 18,376 11,247
11 Other Assets 5,093,969 302,820 288,126
Total 149,442,040 7,392,504 8,775,354
222 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 225
HIGHLIGHTS
FINANCIAL
(in million Rupiah)
Net Receivables based on Region
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
MANAGEMENT REPORT
Papua
(6) (7) (8) (9) (10) (11) (12)
- - - - - - 39,514,435
366 - 93 - - - 10,859,392
- - - - - - 1
9,802 57,717 51 - 3 40 12,482,285
373,332 59,892 66,924 5,231 182,783 3,663 6,628,663
137,362 13,305 15,637 23,239 23,954 65,847 3,331,111
COMPANY PROFILE
- - - - - - -
5,364,476 1,904,065 5,626,802 2,140,888 3,024,257 130,921 43,116,570
4,373,424 1,271,269 2,958,841 1,764,351 3,639,009 1,750,468 78,830,966
30,927 3,293 10,480 2,922 2,239 4,273 203,706
360,140 221,827 528,974 336,204 491,471 213,279 7,836,810
10,649,829 3,531,368 9,207,802 4,272,835 7,363,716 2,168,491 202,803,939
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 223
Page 226
OPERATIONAL
REVIEW
TABLE 11. DISCLOSURE OF NET RECEIVABLES BASED ON ECONOMIC SECTOR
i. Bank Only
31 December 2023
Receivables on
Receivables Multilateral
No Economic Sectors Receivables
Receivables on Public Development Receivables
Covered
on Sovereigns Sector Banks and on Banks
Bonds
Entities International
Institutions
a b c d e f g
1 Agriculture, Forestry, and Fisheries - - - - -
2 Mining and Quarrying - - - - -
3 Processing Industry - 35,000 - - -
4 Procurement of Electricity, Gas, Steam/Hot Water, and - - - - -
Cold Air
5 Water Management, Wastewater Management, - 1,990 - - -
Waste Management and Recycling, and Remediation
Activities
6 Construction - 2,086,272 - - -
7 Wholesale and Retail Trade; Car and Motorcycle Repair - - - - -
and Maintenance
8 Transportation and Warehousing - 1,186,141 - - -
9 Provision of Accommodation and Provision of Food - - - - -
and Drink
10 Information and Communication - - - - -
11 Financial and Insurance Activities 1,417,586 - - 13,561,366 -
12 Real Estate - - - - -
13 Professional, Scientific, and Technical Activities - - - - -
14 Leasing and Leasing Activities Without Option Rights, - - - - -
Employment, Travel Agents, and Other Business
Support
15 Government Administration, Defense, and - 273 - - -
Compulsory Social Security
16 Education - - - - -
17 Human Health Activities and Social Activities - - - - -
18 Arts, Entertainment, and Recreation - - - - -
19 Other Service Activities - - - - -
20 Household Activities as an Employer; Activities that - - - - -
Produce Goods and Services by Households Used to
Meet Their Own Needs
21 Activities of international bodies and other extra- - - - - -
international bodies
22 Household - 782 - 1,308 -
23 Not Other Business Fields - - - - -
24 Other 31,895,339 101,900 - - -
Total 33,312,925 3,412,358 - 13,562,674 -
224 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 227
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2023
MANAGEMENT REPORT
Credit
Receivables Receivables of Receivables
for land
to securities subordinated Loans Loan on Micro,
acquisition, Employee/
companies securities, Secured by Secured by Small Receivables Past Due
land Pensioner Other Assets
and other equity and Residential Commercial Business on Corporate Receivables
processing Loans
financial other capital Property Real Estate & Retail
and
institutions instruments Portfolio
construction
h i j k l m n o p q
- - 54,365 1,284,085 - - 1,450,601 2,050,531 14,106 -
- - - 27,066 - - 141,878 1,565,211 7,436 -
754 - 714,876 5,020,264 - - 668,985 22,437,857 120,753 -
- - - 4,721 - - 67,171 1,292,426 235 -
COMPANY PROFILE
- - - 6,111 - - 77,845 3,012,501 819 -
3,899 - 332,577 447,741 - - 232,467 1,736,011 56,649 -
17,800 - 3,327,337 9,900,553 - - 4,217,177 10,612,442 52,004 -
- - 166,651 337,850 - - 840,391 474,483 8,501 -
- - 34,364 271,004 - - 171,860 30,302 1,119 -
DISCUSSION & ANALYSIS
1,000 - 65,521 90,041 - - 21,865 4,722,359 3,988 -
MANAGEMENT
8,890,670 - 1,042 3,411 - - 21,173 1,837,057 3,097 -
- - 26,718 5,022,435 - - 31,632 3,395,974 249 -
- - 42,205 21,949 - - 35,426 67,495 39 -
- - 88,793 187,871 - - 775,580 750,994 8,744 -
- - - - - - 1,740 - - -
OPERATIONAL REVIEW
- - - 10,750 - - 5,697 5,943 4 -
- - 1,042 16,498 - - 18,588 2,912 19 -
- - 1,453 5,949 - - 4,228 32 19 -
- - 4,449 3,031 - - 29,079 5,007 399 -
- - 799 - - - 7,096 58 69 -
- - - - - - - - - -
2,839 - 11,907,258 1,130,424 - - 23,035,510 156,290 246,451 -
GOVERNANCE
CORPORATE
- - 160,133 - - - 56,489 - 78 -
- 81,053 - - - - 566,806 8,188,630 - 6,792,938
8,916,962 81,053 16,929,583 23,791,754 - - 32,479,284 62,344,515 524,778 6,792,938
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 225
Page 228
OPERATIONAL
REVIEW
31 December 2022
Receivables on
Receivables Multilateral
No Economic Sectors Receivables Receivables
on Public Development Receivables
on Covered
Sector Banks and on Banks
Sovereigns Bonds
Entities International
Institutions
b
a c d e f g
1 Agriculture, Forestry and Fisheries - 137,829 - - -
2 Mining and Quarrying - 2,009,708 - - -
3 Processing Industry - - - - -
4 Procurement of Electricity, Gas, Steam/Hot Water, and - - - - -
Cold Air
5 Water Management, Wastewater Management, Waste - 928 - - -
Management and Recycling, and Remediation Activities
6 Construction - 2,041,297 - - -
7 Wholesale and Retail Trade; Car and Motorcycle Repair - 9 - - -
and Maintenance
8 Transportation and Warehousing - 1,148,770 - - -
9 Provision of Accommodation and Provision of Food and - - - - -
Drink
10 Information and Communication - - - - -
11 Financial and Insurance Activities - 4,309,856 - 11,712,971 -
12 Real Estate - - - - -
13 Professional, Scientific and Technical Activities - - - - -
14 Leasing and Leasing Activities Without Option Rights, - - - - -
Employment, Travel Agents, and Other Business Support
15 Government Administration, Defense, and Compulsory - 179 - - -
Social Security
16 Education - - - - -
17 Human Health Activities and Social Activities - - - - -
18 Arts, Entertainment, and Recreation - - - - -
19 Other Service Activities - - - - -
20 Household Activities as an Employer; Activities that - - - - -
Produce Goods and Services by Households Used to
Meet Their Own Needs
21 Activities of international bodies and other extra- - - - - -
international bodies
22 Not Other Business Fields - 721 1 -
23 Other 39,514,435 1,208,915 - -
Total 39,514,435 10,858,212 1 11,712,971 -
226 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 229
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
Credit
Receivables Receivables of Receivables
for land
to securities subordinated Loans Loan on Micro,
acquisition, Employee/
companies securities, Secured by Secured by Small Receivables Past Due
land Pensioner Other Assets
and other equity and Residential Commercial Business on Corporate Receivables
processing Loans
financial other capital Property Real Estate & Retail
MANAGEMENT REPORT
and
institutions instruments Portfolio
construction
h i j k l m n o p q
- - - - - - 765,804 1,896,278 2,142 -
- - - - - - 114,439 283,850 3,961 -
- - - - - - 479,266 25,558,032 18,054 -
- - - - - - 44,493 19,590 10 -
- - - - - - 41,962 1,629,523 48 -
COMPANY PROFILE
- - - 612,900 - - 138,563 1,993,109 8,992 -
- - - - - - 2,880,559 20,627,981 37,793 -
- - - - - - 528,752 1,004,387 1,684 -
- - - - - - 112,180 657,001 153 -
- - - - - - 13,290 3,506,571 105 -
- - - - - - 18,035 5,490,242 801 -
- - - 2,718,211 - - 16,492 3,529 15 -
DISCUSSION & ANALYSIS
- - - - - - 27,673 226,525 14 -
- - - - - - 634,746 1,041,310 1,225 -
MANAGEMENT
- - - - - - 204 - - -
- - - - - - 8,914 15,309 - -
- - - - - - 13,572 23,944 - -
- - - - - - 1,731 5,056 - -
- - - - - - 20,327 11,556 - -
OPERATIONAL REVIEW
- - - - - - 2,296 333 - -
- - - - - - - - - -
- - 6,628,645 - - - 17,141,550 3,931,574 70,327 -
- - - - - - 127,545 8,290,703 - 6,990,848
- - 6,628,645 3,331,111 - - 23,132,393 76,216,403 145,324 6,990,848
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 227
Page 230
OPERATIONAL
REVIEW
TABLE 11. DISCLOSURE OF NET RECEIVABLES BASED ON ECONOMIC SECTOR
ii. Bank Consolidated With Subsidiary
31 December 2023
Receivables on
Receivables Multilateral
No Economic Sectors Receivables
Receivables on Public Development Receivables
Covered
on Sovereigns Sector Banks and on Banks
Bonds
Entities International
Institutions
b
a c d e f g
1 Agriculture, Forestry and Fisheries - - - - -
2 Mining and Quarrying - - - - -
3 Processing Industry - 35,000 - - -
4 Procurement of Electricity, Gas, Steam/Hot Water, and - - - - -
Cold Air
5 Water Management, Wastewater Management, - 1,990 - - -
Waste Management and Recycling, and Remediation
Activities
6 Construction - 2,086,272 - - -
7 Wholesale and Retail Trade; Car and Motorcycle Repair - - - - -
and Maintenance
8 Transportation and Warehousing - 1,186,141 - - -
9 Provision of Accommodation and Provision of Food - - - - -
and Drink
10 Information and Communication - - - - -
11 Financial and Insurance Activities 1,417,586 - - 14,141,711 -
12 Real Estate - - - - -
13 Professional, Scientific and Technical Activities - - - - -
14 Leasing and Leasing Activities Without Option Rights, - - - - -
Employment, Travel Agents, and Other Business
Support
15 Government Administration, Defense, and - 273 - - -
Compulsory Social Security
16 Education - - - - -
17 Human Health Activities and Social Activities - - - - -
18 Arts, Entertainment, and Recreation - - - - -
19 Other Service Activities - - - - -
20 Household Activities as an Employer; Activities that - - - - -
Produce Goods and Services by Households Used to
Meet Their Own Needs
21 Activities of international bodies and other extra- - - - - -
international bodies
22 Household - 782 - 1,308 -
23 Not Other Business Fields - - - - -
24 Other 31,895,339 102,565 - 15,096 -
Total 33,312,925 3,413,023 - 14,158,115 -
228 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 231
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
31 December 2023
Credit
Receivables Receivables of Receivables
for land
to securities subordinated Loans Loan on Micro,
acquisition, Employee/
companies securities, Secured by Secured by Small Receivables Past Due
land Pensioner Other Assets
and other equity and Residential Commercial Business on Corporate Receivables
processing Loans
financial other capital Property Real Estate & Retail
and
institutions instruments Portfolio
construction
h i j k l m n o p q
- - 54,365 1,284,085 - - 1,450,601 2,050,531 14,106 -
- - - 27,066 - - 141,878 1,565,211 7,436 -
754 - 714,876 5,020,264 - - 668,985 22,437,857 120,753 -
COMPANY PROFILE
- - - 4,721 - - 67,171 1,292,423 235 -
- - - 6,111 - - 77,845 3,012,501 819 -
3,899 - 332,577 447,741 - - 232,467 1,736,011 56,649 -
17,800 - 3,327,334 9,900,553 - - 4,217,177 10,612,442 52,004 -
- - 166,651 337,850 - - 840,391 474,483 8,501 -
DISCUSSION & ANALYSIS
- - 34,367 271,002 - - 171,860 30,305 1,119 -
MANAGEMENT
1,000 - 65,521 90,041 - - 21,865 4,722,359 3,989 -
7,849,944 - 1,042 3,411 - - 21,173 1,837,057 3,097 -
- - 26,718 5,022,435 - - 31,632 3,395,974 249 -
- - 42,205 21,949 - - 35,426 67,495 39 -
- - 88,793 187,871 - - 775,580 750,994 8,744 -
OPERATIONAL REVIEW
- - - - - - 1,740 - - -
- - - 10,750 - - 5,697 5,943 4 -
- - 1,042 16,498 - - 18,588 2,912 19 -
- - 1,453 5,949 - - 4,228 32 19 -
- - 4,449 3,031 - - 29,079 5,007 399 -
- - 799 - - - 7,096 58 69 -
- - - - - - - - - -
GOVERNANCE
CORPORATE
2,838 - 11,907,258 1,130,426 - - 23,035,510 156,290 246,451 -
- - 160,133 - - - 56,489 - 78 -
- 467,413 - - - - 27,607,716 9,697,872 231,824 7,843,547
7,876,235 467,413 16,929,583 23,791,754 - - 59,520,194 63,853,757 756,603 7,843,547
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 229
Page 232
OPERATIONAL
REVIEW
31 December 2022
Receivables on
Receivables Multilateral
No Economic Sectors Receivables Receivables
on Public Development Receivables
on Covered
Sector Banks and on Banks
Sovereigns Bonds
Entities International
Institutions
b
a c d e f g
1 Agriculture, Forestry and Fisheries - 137,829 - - -
2 Mining and Quarrying - 2,009,708 - - -
3 Processing Industry - - - - -
4 Procurement of Electricity, Gas, Steam/Hot Water, and - - - - -
Cold Air
5 Water Management, Wastewater Management, Waste - 2,080 - - -
Management and Recycling, and Remediation Activities
6 Construction - 2,041,297 - - -
7 Wholesale and Retail Trade; Car and Motorcycle Repair - 10 - - -
and Maintenance
8 Transportation and Warehousing - 1,148,770 - - -
9 Provision of Accommodation and Provision of Food and - - - - -
Drink
10 Information and Communication - - - - -
11 Financial and Insurance Activities - 4,309,856 - 12,482,285 -
12 Real Estate - - - - -
13 Professional, Scientific and Technical Activities - - - - -
14 Leasing and Leasing Activities Without Option Rights, - - - - -
Employment, Travel Agents and Other Business Support
15 Government Administration, Defense and Compulsory - 206 - - -
Social Security
16 Education - - - - -
17 Human Health Activities and Social Activities - - - - -
18 Arts, Entertainment and Recreation - - - - -
19 Other Service Activities - - - - -
20 Household Activities as an Employer; Activities that - - - - -
Produce Goods and Services by Households Used to
Meet Their Own Needs
21 Activities of international bodies and other extra- - - - - -
international bodies
22 Household - - - - -
23 Not Other Business Fields - 721 1 - -
24 Other 39,514,435 1,208,915 - - -
Total 39,514,435 10,859,392 1 12,482,285 -
230 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 233
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
Credit
Receivables Receivables of Receivables
for land
to securities subordinated Loans Loan on Micro,
acquisition, Employee/
companies securities, Secured by Secured by Small Receivables Past Due
land Pensioner Other Assets
and other equity and Residential Commercial Business on Corporate Receivables
processing Loans
financial other capital Property Real Estate & Retail
MANAGEMENT REPORT
and
institutions instruments Portfolio
construction
h i j k l m n o p q
- - - - - - 1,738,857 2,070,652 4,142 -
- - - - - - 215,712 367,919 4,778 -
- - - - - - 753,977 25,626,579 18,266 -
- - - - - - 84,570 23,159 412 -
- - - - - - 67,965 1,636,834 54 -
COMPANY PROFILE
- - - 612,900 - - 287,911 2,013,894 9,318 -
- - - - - - 4,695,393 21,061,476 41,977 -
- - - - - - 1,054,415 1,107,219 2,854 -
- - - - - - 219,060 672,949 263 -
- - - - - - 24,111 3,513,669 105 -
- - - - - - 36,672 4,801,310 801 -
- - - 2,718,211 - - 33,616 6,283 242 -
DISCUSSION & ANALYSIS
- - - - - - 528,491 330,703 490 -
- - - - - - 665,951 1,046,520 1,225 -
MANAGEMENT
- - - - - - 592 - - -
- - - - - - 13,620 17,087 - -
- - - - - - 23,354 25,379 - -
- - - - - - 1,731 5,056 - -
- - - - - - 43,835 18,709 14 -
OPERATIONAL REVIEW
- - - - - - 5,829 754 - -
- - - - - - - - - -
- - - - - - - - - -
- - 6,628,663 - - - 32,493,364 6,194,110 118,765 -
- - - - - - 127,544 8,290,705 - 7,836,810
- - 6,628,663 3,331,111 - - 43,116,570 78,830,966 203,706 7,836,810
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 231
Page 234
OPERATIONAL
REVIEW
TABLE 12. DISCLOSURE OF NET RECEIVABLES BASED ON REMAINING TERM OF CONTRACT
i. Bank Only
No Portfolio Category
a b
1 Receivables on Sovereigns
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Receivables Covered Bonds
6 Receivables to securities companies and other financial institutions
7 Receivables of subordinated securities, equity, and other capital instruments
8 Loans Secured by Residential Property
9 Loan Secured by Commercial Real Estate
10 Credit for land acquisition, land processing, and construction
11 Employee/Pensioner Loans
12 Receivables on Micro, Small Business, & Retail Portfolio
13 Receivables on Corporate
14 Past Due Receivables
15 Other Assets
Total
No Portfolio Category
a b
1 Receivables on Sovereigns
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Loans Secured by Residential Property
6 Loan Secured by Commercial Real Estate
7 Employee/Pensioner Loans
8 Receivables on Micro, Small Business, & Retail Portfolio
9 Receivables on Corporate
10 Past Due Receivables
11 Other Assets
Total
232 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 235
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
31 December 2023
Net Receivables by Remaining Contractual Maturity
≤ 1 year >1-3 years >3-5 years >5 years Non Contractual Total
c d e f g h
14,989,154 6,759,480 1,609,102 3,420,937 6,534,253 33,312,925
2,223,817 1,192 1,208 1,186,141 - 3,412,358
- - - - - -
4,563,777 7,227,671 143,601 88,780 1,538,845 13,562,674
COMPANY PROFILE
- - - - - -
2,704,121 1,972,247 3,971,932 268,663 - 8,916,962
81,053 - - - - 81,053
4,394,501 663,063 1,348,502 10,523,515 - 16,929,583
13,629,507 794,223 5,447,816 3,920,208 - 23,791,754
- - - - - -
- - - - - -
5,514,656 13,986,835 12,685,504 292,283 6 32,479,284
DISCUSSION & ANALYSIS
44,797,423 6,787,096 5,852,198 4,907,357 440 62,344,515
136,633 191,389 137,015 59,741 - 524,778
MANAGEMENT
- - - - 6,792,938 6,792,938
93,034,642 38,383,196 31,196,878 24,667,625 14,866,482 202,148,824
(in milion Rupiah)
31 December 2022
Net Receivables by Remaining Contractual Maturity
OPERATIONAL REVIEW
≤1 year >1-3 years >3-5 years >5 years Non Contractual Total
c d e f g h
26,633,247 8,371,465 4,334,534 175,189 - 39,514,435
5,354,421 3,174,551 1,180,470 1,148,770 - 10,858,212
- - 1 - - 1
6,007,898 1,637,295 3,952,743 115,035 - 11,712,971
19,993 204,368 558,192 5,846,092 - 6,628,645
645,278 224,607 2,009,745 451,481 - 3,331,111
- - - - - -
GOVERNANCE
CORPORATE
3,902,433 11,806,480 6,394,323 1,029,140 17 23,132,393
53,014,896 8,331,325 10,060,806 4,712,932 96,444 76,216,403
52,006 48,318 37,847 7,153 - 145,324
- - - - 6,990,848 6,990,848
95,630,172 33,798,409 28,528,661 13,485,792 7,087,309 178,530,343
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 233
Page 236
OPERATIONAL
REVIEW
TABLE 12. DISCLOSURE OF NET RECEIVABLES BASED ON REMAINING TERM OF CONTRACT
ii. Bank Consolidated With Subsidiary
No Portfolio Category
a b
1 Receivables on Sovereigns
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Receivables Covered Bonds
6 Receivables to securities companies and other financial institutions
7 Receivables of subordinated securities, equity, and other capital instruments
8 Loans Secured by Residential Property
9 Loan Secured by Commercial Real Estate
10 Credit for land acquisition, land processing, and construction
11 Employee/Pensioner Loans
12 Receivables on Micro, Small Business, & Retail Portfolio
13 Receivables on Corporate
14 Past Due Receivables
15 Other Assets
Total
No Portfolio Category
a b
1 Receivables on Sovereigns
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Loans Secured by Residential Property
6 Loan Secured by Commercial Real Estate
7 Employee/Pensioner Loans
8 Receivables on Micro, Small Business, & Retail Portfolio
9 Receivables on Corporate
10 Past Due Receivables
11 Other Assets
Total
234 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 237
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
31 December 2023
Net Receivables by Remaining Contractual Maturity
≤ 1 year >1-3 years >3-5 years >5 years Non Contractual Total
c d e f g h
14,989,154 6,759,480 1,609,102 3,420,937 6,534,253 33,312,925
2,224,482 1,192 1,208 1,186,141 - 3,413,023
- - - - - -
5,159,219 7,227,671 143,601 88,780 1,538,845 14,158,115
COMPANY PROFILE
- - - - - -
1,663,394 1,972,247 3,971,932 268,663 - 7,876,235
81,053 - - - 386,360 467,413
4,394,501 663,063 1,348,502 10,523,515 - 16,929,583
13,629,507 794,223 5,447,816 3,920,208 - 23,791,754
- - - - - -
- - - - - -
32,643,898 13,986,835 12,685,504 292,283 (88,326) 59,520,194
DISCUSSION & ANALYSIS
46,218,332 6,787,096 5,852,198 4,907,357 88,772 63,853,757
368,457 191,389 137,015 59,741 - 756,603
MANAGEMENT
- - - - 7,843,547 7,843,547
121,371,997 38,383,196 31,196,878 24,667,625 16,303,451 231,923,148
(in milion Rupiah)
31 December 2022
Net Receivables by Remaining Contractual Maturity
OPERATIONAL REVIEW
≤1 year >1-3 years >3-5 years >5 years Non Contractual Total
c d e f g h
26,633,247 8,371,465 4,334,534 175,189 - 39,514,435
5,354,568 3,175,073 1,180,544 1,149,207 - 10,859,392
- - 1 - - 1
6,777,212 1,637,295 3,952,743 115,035 - 12,482,285
20,011 204,368 558,192 5,846,092 - 6,628,663
645,278 224,607 2,009,745 451,481 - 3,331,111
- - - - - -
GOVERNANCE
CORPORATE
6,870,717 24,292,584 10,826,070 1,127,182 17 43,116,570
53,070,531 9,667,871 11,205,493 4,790,627 96,444 78,830,966
61,910 82,030 52,466 7,300 - 203,706
308,070 27,585 80,853 10,192 7,410,110 7,836,810
99,741,544 47,682,878 34,200,641 13,672,305 7,506,571 202,803,939
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 235
Page 238
OPERATIONAL
REVIEW
TABLE 13. DISCLOSURE OF RECEIVABLES AND PROVISIONING BASED ON REGION
i. Bank Only
31 December 2023
Jakarta, Bogor,
No Description Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
a b c d e
1 Receivables 247,979,341 9,397,719 9,403,689
2 Impaired Receivables 19,435,117 3,386,492 1,915,844
a. Non Past Due 17,462,482 3,025,931 1,307,691
b. Past Due 1,972,635 360,561 608,153
3 Allowance for Impairment Losses - Stage 1 1,266,183 112,910 56,189
4 Allowance for Impairment Losses - Stage 2 575,894 133,935 61,167
5 Allowance for Impairment Losses - Stage 3 2,947,213 395,879 560,369
6 Written-Off Receivables 1,301,991 336,743 205,713
31 December 2022
Jakarta, Bogor,
No Description Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
a b c d e
1 Receivables 153,127,357 6,462,457 6,154,444
2 Impaired Receivables 8,575,000 1,941,332 1,732,625
a. Non Past Due 7,610,084 1,648,193 1,523,850
b. Past Due 964,916 293,139 208,775
3 Allowance for Impairment Losses - Stage 1 1,097,108 113,220 57,382
4 Allowance for Impairment Losses - Stage 2 464,832 65,847 24,204
5 Allowance for Impairment Losses - Stage 3 2,264,326 439,975 483,725
6 Written-Off Receivables 1,533,098 459,104 220,431
236 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 239
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
Region
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
f g h i j k l
9,821,498 2,025,984 6,412,425 5,199,795 15,068,640 3,621,638 308,930,729
1,880,705 317,814 1,694,596 894,194 2,893,131 99,392 32,517,285
COMPANY PROFILE
1,564,572 246,461 1,562,246 759,705 2,646,184 67,766 28,643,038
316,133 71,353 132,350 134,489 246,947 31,626 3,874,247
105,299 8,006 106,089 55,358 235,274 16,040 1,961,348
94,625 26,471 43,476 26,521 60,167 19,958 1,042,214
329,471 68,377 112,150 153,824 220,896 24,067 4,812,246
209,343 47,533 116,990 78,400 349,813 59,138 2,705,664
DISCUSSION & ANALYSIS
(in milion Rupiah)
MANAGEMENT
Region
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
f g h i j k l
OPERATIONAL REVIEW
6,150,891 1,553,150 4,134,373 2,869,421 7,706,412 2,250,823 190,409,328
1,448,960 456,352 642,135 500,830 1,100,016 207,411 16,604,661
1,152,346 368,117 497,320 395,994 822,602 125,282 14,143,788
296,614 88,235 144,815 104,836 277,414 82,129 2,460,873
104,404 13,237 90,740 36,721 178,238 9,752 1,700,802
42,178 33,626 17,190 22,538 19,501 3,654 693,570
300,127 75,130 141,743 177,641 342,422 82,181 4,307,270
536,401 139,815 203,853 90,506 248,549 46,400 3,478,157
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 237
Page 240
OPERATIONAL
REVIEW
TABLE 13. DISCLOSURE OF RECEIVABLES AND PROVISIONING BASED ON REGION
ii. Bank Consolidated With Subsidiary
31 December 2023
Jakarta, Bogor,
No Description Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
a b c d e
1 Receivables 246,912,634 11,472,839 11,572,324
2 Impaired Receivables 19,797,319 3,526,153 2,035,226
a. Non Past Due 17,690,926 3,111,919 1,383,523
b. Past Due 2,106,393 414,234 651,703
3 Allowance for Impairment Losses - Stage 1 1,563,068 206,005 138,926
4 Allowance for Impairment Losses - Stage 2 622,595 153,017 77,838
5 Allowance for Impairment Losses - Stage 3 3,031,885 427,020 587,898
6 Written-Off Receivables 1,634,046 472,087 323,093
31 December 2022
Jakarta, Bogor,
No Description Tangerang, Central
Karawang, West Java Java and
Bekasi, and Yogyakarta
Lampung
a b c d e
1 Receivables 150,271,605 7,868,918 7,757,907
2 Impaired Receivables 8,643,563 1,974,696 1,757,163
a. Non Past Due 7,610,084 1,648,193 1,523,850
b. Past Due 1,033,479 326,503 233,313
3 Allowance for Impairment Losses - Stage 1 1,353,607 182,372 127,275
4 Allowance for Impairment Losses - Stage 2 480,998 77,589 31,232
5 Allowance for Impairment Losses - Stage 3 2,324,113 468,458 506,038
6 Written-Off Receivables 1,766,317 597,730 314,830
238 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 241
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
Region
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
f g h i j k l
13,819,132 2,025,984 11,101,733 7,676,862 21,084,657 3,621,638 329,287,803
2,058,970 317,814 1,857,281 969,734 3,284,535 99,392 33,946,424
COMPANY PROFILE
1,664,124 246,461 1,654,710 802,359 2,922,386 67,766 29,544,174
394,846 71,353 202,571 167,375 362,149 31,626 4,402,250
248,323 8,006 287,238 162,298 469,093 16,040 3,098,997
114,490 26,471 52,065 32,900 110,121 19,958 1,209,455
377,641 68,377 148,207 176,348 289,381 24,067 5,130,824
433,588 47,533 415,317 175,310 657,504 59,138 4,217,616
DISCUSSION & ANALYSIS
(in milion Rupiah)
Region
MANAGEMENT
Sulawesi,
Bali, NTT, and North South
East Java Maluku, and Kalimantan Total
NTB Sumatra Sumatra
Papua
f g h i j k l
OPERATIONAL REVIEW
9,315,386 1,553,150 8,986,013 4,937,725 12,977,569 2,250,823 205,919,096
1,518,215 456,352 714,101 517,107 1,159,644 207,411 16,948,252
1,152,346 368,117 497,320 395,994 822,602 125,282 14,143,788
365,869 88,235 216,781 121,113 337,042 82,129 2,804,464
248,194 13,237 304,578 132,585 437,071 9,752 2,808,671
55,927 33,626 32,557 25,692 39,479 3,654 780,754
359,988 75,130 194,905 192,511 396,659 82,181 4,599,983
724,957 139,815 414,054 157,826 460,405 46,400 4,622,334
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 239
Page 242
OPERATIONAL
REVIEW
TABLE 14. DISCLOSURE OF RECEIVABLES AND PROVISIONING BASED ON ECONOMIC SECTOR
i. Bank Only
31 December 2023
No Economic Sectors
a b
1 Agriculture, Forestry, and Fisheries
2 Mining and Quarrying
3 Processing Industry
4 Procurement of Electricity, Gas, Steam/Hot Water, and Cold Air
5 Water Management, Wastewater Management, Waste Management and Recycling, and Remediation Activities
6 Construction
7 Wholesale and Retail Trade; Car and 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
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Leasing and Leasing Activities Without Option Rights, Employment, Travel Agents, and Other Business Support
15 Government Administration, Defense, and Compulsory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as an Employer; Activities that Produce Goods and Services by Households Used to Meet Their Own
Needs
21 Activities of international bodies and other extra-international bodies
22 Household
23 Not Other Business Fields
24 Other
Total
240 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 243
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
Impaired Receivables
Written-Off
Receivables ECL - Stage 1 ECL - Stage 2 ECL - Stage 3
Receivables
Non Past Due Past Due
c d e f g h i
6,767,428 380,641 29,743 67,967 5,156 82,406 125,722
2,085,187 1,294,151 184,929 11,440 268 179,465 33,735
52,894,201 4,309,060 991,866 146,178 125,203 1,454,653 203,553
2,244,935 7,835 806 7,478 101 814 2,432
3,104,384 12,418 1,145 12,014 438 818 4,246
7,176,663 227,077 320,735 91,873 78,237 299,788 61,909
COMPANY PROFILE
50,866,757 4,107,821 1,397,137 310,344 350,721 1,437,298 711,740
4,004,095 1,627,804 50,769 40,733 12,171 188,980 55,712
738,811 410,059 9,442 7,155 11,847 148,269 10,676
9,320,021 24,247 36,961 27,868 3,906 36,946 1,144
37,910,219 9,003 208 36,547 71 184 21,916
11,080,985 3,544 550 30,298 1,168 393 1,162
185,839 24,190 5,364 1,015 4,542 5,312 722
DISCUSSION & ANALYSIS
2,404,982 166,793 49,959 37,102 20,055 38,620 43,288
2,074 348 - 72 61 - -
MANAGEMENT
23,085 4,363 31 301 278 28 373
47,107 2,593 125 1,497 65 153 285
16,472 8,384 109 168 135 90 97
54,186 11,244 777 1,124 66 491 984
8,363 980 302 1,063 78 263 136
- - - - - - -
OPERATIONAL REVIEW
46,828,226 15,488,397 709,926 1,091,685 425,422 585,672 1,177,339
217,956 29,042 405 7,027 973 282 238,088
70,948,754 493,045 82,960 30,397 1,252 351,322 10,405
308,930,729 28,643,038 3,874,247 1,961,348 1,042,214 4,812,246 2,705,664
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 241
Page 244
OPERATIONAL
REVIEW
31 December 2022
No Economic Sectors
(1) (2)
1 Agriculture, Forestry, and Fisheries
2 Mining and Quarrying
3 Manufacturing
4 Procurement of electricity, gas, steam/hot water, and cold air
5 Water Management, Wastewater Management, Waste Management, and Recycling
6 Construction
7 Wholesale and Retail Trading; Car and 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
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities Without Option Rights, Employment, Travel Agencies, and Other Business Supports
15 Mandatory Government Administration, Defense, and Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Aktivitas Rumah Tangga sebagai Pemberi Kerja
21 Household Activities as an Employer
22 Non Business Field
23 Others
Total
242 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 245
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
Impaired Receivables
Written-Off
Receivables ECL - Stage 1 ECL - Stage 2 ECL - Stage 3
Receivables
Non Past Due Past Due
(3) (4) (5) (6) (7) (8) (9)
MANAGEMENT REPORT
2,838,500 304,721 23,902 46,199 8,948 36,152 34,563
2,631,159 203,079 51,230 22,012 754 216,080 58,109
27,261,470 2,748,819 227,840 151,465 76,904 1,203,397 796,086
64,736 3,883 641 1,765 246 641 1,362
1,673,876 6,185 1,393 14,056 170 1,396 2,166
5,078,973 254,753 203,041 65,476 8,885 263,168 44,006
25,233,284 3,558,104 1,064,776 220,999 138,844 1,674,904 1,137,792
2,896,557 1,569,022 38,339 39,410 9,111 212,896 142,734
772,376 387,594 2,096 10,768 16,068 2,958 6,107
COMPANY PROFILE
3,551,759 104,606 1,713 25,828 3,023 31,583 13,933
17,352,814 17,589 111 35,993 243 111 24,811
2,738,485 2,507 238 14,659 1,648 238 7,071
166,866 26,645 7,489 1,664 1,609 7,475 17,129
1,696,645 168,319 11,708 43,509 8,594 18,464 35,198
383 - - 9 - - 51
24,239 9,413 16 249 2,734 16 3,064
DISCUSSION & ANALYSIS
37,537 1,075 20 3,460 8 20 49
6,845 5,293 58 62 1,690 58 163
MANAGEMENT
42,975 14,642 467 892 17 11,092 469
2,643 9 14 84 - 14 29
- - - - - - -
28,409,705 4,725,346 567,549 960,009 414,072 624,197 1,153,250
67,927,501 32,184 258,232 42,234 2 2,410 15
190,409,328 14,143,788 2,460,873 1,700,802 693,570 4,307,270 3,478,157
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 243
Page 246
OPERATIONAL
REVIEW
TABLE 14. DISCLOSURE OF RECEIVABLES AND PROVISIONING BASED ON ECONOMIC SECTOR
ii. Bank Consolidated With Subsidiary
31 December 2023
No Economic Sectors
a b
1 Agriculture, Forestry, and Fisheries
2 Mining and Quarrying
3 Processing Industry
4 Procurement of Electricity, Gas, Steam/Hot Water and Cold Air
5 Water Management, Wastewater Management, Waste Management and Recycling, and Remediation Activities
6 Construction
7 Wholesale and Retail Trade; Car and 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
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Leasing and Leasing Activities Without Option Rights, Employment, Travel Agents and Other Business Support
15 Government Administration, Defense, and Compulsory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment and Recreation
19 Other Service Activities
20 Household Activities as an Employer; Activities that Produce Goods and Services by Households Used to Meet Their Own
Needs
21 Activities of international bodies and other extra-international bodies
22 Household
23 Not Other Business Fields
24 Other
Total
244 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 247
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
Impaired Receivables
Written-Off
Receivables ECL - Stage 1 ECL - Stage 2 ECL - Stage 3
Receivables
Non Past Due Past Due
c d e f g h i
8,266,338 428,596 51,646 119,951 13,863 97,276 210,253
2,969,738 1,335,740 191,389 42,716 7,562 181,417 45,329
53,381,513 4,320,492 998,365 162,068 127,271 1,459,039 223,150
2,311,746 8,976 1,270 9,847 297 1,155 4,111
3,164,763 14,892 2,377 14,254 921 1,474 6,971
7,454,839 234,331 326,410 100,336 79,352 302,210 74,510
COMPANY PROFILE
53,639,374 4,209,397 1,443,000 406,272 369,090 1,467,558 860,902
4,939,741 1,665,010 58,562 71,992 17,229 195,589 79,091
923,250 415,666 14,637 14,897 13,091 151,980 20,713
9,344,006 24,390 37,695 28,695 3,939 37,062 2,243
38,390,316 9,335 526 37,890 138 443 22,715
11,125,199 4,400 1,321 31,933 1,293 979 2,451
211,201 24,702 6,387 1,893 4,688 5,904 922
DISCUSSION & ANALYSIS
3,243,447 194,801 62,620 67,989 25,485 47,281 86,016
3,164 787 - 86 170 - 15
MANAGEMENT
36,769 4,559 72 664 319 48 681
70,726 3,198 602 2,414 197 425 804
20,237 8,436 141 368 149 119 125
95,871 12,960 1,328 2,621 269 944 2,421
20,188 1,178 459 1,609 130 403 393
- - - - - - -
OPERATIONAL REVIEW
56,403,466 16,100,214 1,120,051 1,943,042 541,774 827,914 1,177,341
219,677 29,069 432 7,064 974 283 1,386,054
73,052,234 493,045 82,960 30,397 1,252 351,322 10,405
329,287,803 29,544,174 4,402,250 3,098,997 1,209,455 5,130,824 4,217,616
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 245
Page 248
OPERATIONAL
REVIEW
31 December 2022
No Economic Sectors
(1) (2)
1 Agriculture, Forestry, and Fisheries
2 Mining and Quarrying
3 Manufacturing
4 Procurement of electricity, gas, steam/hot water and cold air
5 Water Management, Wastewater Management, Waste Management, and Recycling
6 Construction
7 Wholesale and Retail Trading; Car and 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
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities Without Option Rights, Employment, Travel Agencies, and Other Business Supports
15 Mandatory Government Administration, Defense, and Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as an Employers
21 Activities of International and Other Extra-International Bodies
22 Non Business Field
23 Others
Total
246 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 249
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
Impaired Receivables
Written-Off
Receivables ECL - Stage 1 ECL - Stage 2 ECL - Stage 3
Receivables
Non Past Due Past Due
(3) (4) (5) (6) (7) (8) (9)
MANAGEMENT REPORT
4,028,139 304,721 36,326 96,692 12,503 46,882 68,761
3,461,980 203,079 68,147 70,734 1,806 231,485 63,220
27,634,719 2,748,819 230,717 167,294 77,768 1,206,254 810,096
111,103 3,883 1,338 3,232 337 936 2,466
1,709,729 6,185 2,188 15,660 242 2,214 3,233
5,285,778 254,753 207,781 73,803 9,442 267,716 49,692
27,562,240 3,558,104 1,090,747 322,184 148,371 1,697,827 1,232,360
3,613,672 1,569,022 45,358 73,771 12,577 219,033 159,110
902,194 387,594 3,225 18,773 16,378 3,998 9,265
COMPANY PROFILE
3,573,739 104,606 2,026 26,551 3,029 31,896 14,188
18,596,958 17,589 126 36,762 264 130 25,076
2,760,069 2,507 530 15,646 1,658 303 7,781
801,802 26,645 14,422 31,716 4,118 14,323 17,527
1,737,192 168,319 11,844 45,262 8,622 18,600 55,409
798 - - 29 - - 71
31,392 9,413 34 458 2,812 34 3,084
DISCUSSION & ANALYSIS
50,354 1,075 73 3,954 23 73 165
6,845 5,293 58 62 1,690 58 187
MANAGEMENT
75,348 14,642 591 2,421 54 11,202 1,008
6,599 9 16 273 - 16 121
- - - - - - -
45,391,244 4,725,346 830,685 1,761,159 479,057 844,593 2,099,462
58,577,202 32,184 258,232 42,235 3 2,410 52
205,919,096 14,143,788 2,804,464 2,808,671 780,754 4,599,983 4,622,334
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 247
Page 250
OPERATIONAL
REVIEW
TABLE 15. DISCLOSURE OF MOVEMENTS DETAILS OF ALLOWANCE FOR IMPAIRMENT LOSSES - BANK ONLY
(in milion Rupiah)
31 December 2022
No Portfolio Category
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5)
1 Beginning balance of allowance for impairment losses 1,598,265 693,689 3,858,430
2 Additional/reversal allowance for impairment losses 110,774 8,498 2,120,882
during the year (net)
3 Allowance for impairment losses used to cover written (15,523) (43,785) (3,418,849)
off receivables during the year
4 Other additional (reversal) allowance during the year 3,945 35,168 1,746,466
Ending Balance of Allowance for Impairment 1,697,461 693,570 4,306,929
Losses
TABLE 16. DISCLOSURE OF NET RECEIVABLES BASED ON PORTFOLIO CATEGORIES AND RATINGS - BANK ONLY
31 December 2022
Net Receivables
Company
Long Term Rating
Rating
No. Portfolio Category Baa1 to
Moody's Aaa Aa1 to Aa3 A1 to A3
Baa3
PT Fitch Ratings AA+(idn) to A+(idn) to BBB+(idn)
AAA (idn)
Indonesia AA-(idn) A-(idn) to BBB-(idn)
PT Pemeringkat idAA+ to idA+ to id id BBB+ to
idAAA
Efek Indonesia idAA- A- id BBB-
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns - - - 18,834,271
2 Receivables on Public Sector Entities 218,598 - - -
3 Receivables on Multilateral - - - -
Development Banks and International
Institutions
4 Receivables on Banks 154,889 95,644 - 417,740
5 Loans Secured by Residential Property
6 Loans Secured by Commercial Real
Estate
7 Employee/Pensioner Loans
8 Receivables on Micro, Small Business, &
Retail Portfolio
9 Receivables on Corporate 735,240 219,893 2,110,257 -
10 Past Due Receivables
11 Other Assets
TOTAL 1,108,727 315,537 2,110,257 19,252,011
248 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 251
HIGHLIGHTS
FINANCIAL
TABLE 15. DISCLOSURE OF MOVEMENTS DETAILS OF ALLOWANCE FOR IMPAIRMENT LOSSES - BANK CONSOLIDATED
WITH SUBSIDIARY
(in milion Rupiah)
31 December 2022
No Portfolio Category
Stage 1 Stage 2 Stage 3
MANAGEMENT REPORT
(1) (2) (3) (4) (5)
1 Beginning balance of allowance for impairment losses 2,495,615 856,073 4,174,969
2 Additional/reversal allowance for impairment losses 349,520 (59,133) 3,205,437
during the year (net)
3 Allowance for impairment losses used to cover written (43,750) (51,354) (4,527,230)
off receivables during the year
4 Other additional (reversal) allowance during the year 3,945 35,168 1,746,466
Ending Balance of Allowance for Impairment 2,805,330 780,754 4,599,642
COMPANY PROFILE
Losses
(in milion Rupiah)
31 December 2022
Net Receivables
DISCUSSION & ANALYSIS
Short Term Rating
MANAGEMENT
Less than Less than
Ba1 to Ba3 B1 to B3 P-1 P-2 P-3
B3 P-3 Total
Total
BB+(idn) to B+(idn) to Less than F1+(idn) Less than Unrated
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) s.d F1(idn) F3 (idn)
id BB+to id id B+ to Less than id A3 to id Less than
idA1 idA2
BB- id B- idB- A4 id A4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
OPERATIONAL REVIEW
- - - - - - - 20,680,164 39,514,435
- - - - - - - 10,639,614 10,858,212
- - - - - - - 1 1
- - - - - - - 11,044,698 11,712,971
6,628,645 6,628,645
3,331,111 3,331,111
- -
23,132,393 23,132,393
GOVERNANCE
CORPORATE
- - - - - - - 73,151,013 76,216,403
145,324 145,324
6,990,848 6,990,848
- - - - - - - 155,743,811 178,530,343
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 249
Page 252
OPERATIONAL
REVIEW
TABLE 16. DISCLOSURE OF NET RECEIVABLES BASED ON PORTFOLIO CATEGORIES AND RATINGS - BANK
CONSOLIDATED WITH SUBSIDIARY
31 December 2022
Net Receivables
Company
Long Term Rating
Rating
No. Portfolio Category Baa1 to
Moody's Aaa Aa1 to Aa3 A1 to A3
Baa3
PT Fitch Ratings AA+(idn) to A+(idn) to BBB+(idn)
AAA (idn)
Indonesia AA-(idn) A-(idn) to BBB-(idn)
PT Pemeringkat idAA+ to idA+ to id id BBB+ to
idAAA
Efek Indonesia idAA- A- id BBB-
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns - - - 18,834,271
2 Receivables on Public Sector Entities 218,598 - - -
3 Receivables on Multilateral - - - -
Development Banks and International
Institutions
4 Receivables on Banks 154,889 95,644 - 417,740
5 Loans Secured by Residential Property
6 Loans Secured by Commercial Real
Estate
7 Employee/Pensioner Loans
8 Receivables on Micro, Small Business, &
Retail Portfolio
9 Receivables on Corporate 4,748,760 219,893 2,110,532 -
10 Past Due Receivables
11 Other Assets
TOTAL 5,122,247 315,537 2,110,532 19,252,011
250 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 253
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
Net Receivables
MANAGEMENT REPORT
Short Term Rating
Less than Less than
Ba1 to Ba3 B1 to B3 P-1 P-2 P-3
B3 P-3 Total
Total
BB+(idn) to B+(idn) to Less than F1+(idn) Less than Unrated
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) s.d F1(idn) F3 (idn)
id BB+to id id B+ to Less than id A3 to id Less than
idA1 idA2
BB- id B- idB- A4 id A4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 20,680,164 39,514,435
COMPANY PROFILE
- - - - - - - 10,640,794 10,859,392
- - - - - - - 1 1
- - - - - - - 11,814,012 12,482,285
6,628,663 6,628,663
3,331,111 3,331,111
DISCUSSION & ANALYSIS
- -
43,116,570 43,116,570
MANAGEMENT
- - - - - - - 71,751,781 78,830,966
203,706 203,706
7,836,810 7,836,810
- - - - - - - 176,003,612 202,803,939
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 251
Page 254
OPERATIONAL
REVIEW
TABLE 17. DISCLOSURE OF NET RECEIVABLES BASED ON RISK WEIGHTED ASSETS AFTER CALCULATING CREDIT
RISK MITIGATION IMPACTS - BANK ONLY
No. Portfolio Category
0% 20% 25%
(1) (2) (3) (4) (5)
A Exposure on Balance Sheet
1 Receivables on Sovereigns 33,486,083 - -
2 Receivables on Public Sector Entities - 218,598 -
3 Receivables on Multilateral Development Banks and International 1 - -
Institutions
4 Receivables on Banks 41,369 2,307,830 -
5 Loans Secured by Residential Property - 1,069,745 1,544,808
6 Loan Secured by Commercial Real Estate 53,408 - -
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 64,326 - -
9 Receivables on Corporate 2,064,985 955,133 -
10 Past Due Receivables - - -
11 Other Assets 2,648,745 - -
Total Exposure on Balance Sheet 38,358,917 4,551,306 1,544,808
B Commitments/Contingencies Exposure for Off Balance Sheet Transactions
1 Receivables on Sovereigns - - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks - - -
5 Loans Secured by Residential Property - 263 275
6 Loan Secured by Commercial Real Estate - - -
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 1,627 - -
9 Receivables on Corporate 99,402 - -
10 Past Due Receivables - - -
Total Commitment/Contingencies Exposure for Off Balance Sheet 101,029 263 275
Transactions
252 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 255
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
Capital
MANAGEMENT REPORT
Net Receivables After Calculating Credit Risk Mitigation Impacts RWA
Charge
35% 50% 75% 100% 150% Others
(6) (7) (8) (9) (10) (11) (12) (13)
- - - - - - - -
- 10,623,719 - - - - 5,355,579 535,558
- - - - - - - -
COMPANY PROFILE
- 8,022,744 - - - - 4,472,938 447,294
4,013,520 - - - - - 2,004,883 200,488
- - - 3,277,703 - - 3,277,703 327,770
- - - - - - - -
- - 22,845,440 - - - 17,134,080 1,713,408
- 2,110,257 - 65,235,341 - - 66,481,497 6,648,150
- - - 5,972 139,352 - 215,000 21,500
DISCUSSION & ANALYSIS
- - - 3,838,900 503,203 - 4,593,705 459,371
4,013,520 20,756,720 22,845,440 72,357,916 642,555 - 103,535,385 10,353,539
MANAGEMENT
- - - - - - - -
- 75 - - - - 38 4
- - - - - - - -
- 420,771 - - - - 210,386 21,039
OPERATIONAL REVIEW
34 - - - - - 133 13
- - - - - - - -
- - - - - - - -
- - 220,997 - - - 165,748 16,575
- - - 5,573,638 - - 5,573,638 557,364
- - - - - - - -
34 420,846 220,997 5,573,638 - - 5,949,943 594,995
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 253
Page 256
OPERATIONAL
REVIEW
No. Portfolio Category
0% 20% 25%
(1) (2) (3) (4) (5)
C Exposure on Counterparty Credit Risk
1 Receivables on Sovereigns 5,869,150 - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks - - -
5 Receivables on Micro, Small Business, & Retail Portfolio - - -
6 Receivables on Corporate - - -
Total Counterparty Credit Risk Exposures 5,869,150 - -
TABLE 17. DISCLOSURE OF NET RECEIVABLES BASED ON RISK WEIGHTED ASSETS AFTER CALCULATING CREDIT
RISK MITIGATION IMPACTS - BANK CONSOLIDATED WITH SUBSIDIARY
No. Portfolio Category
0% 20% 25%
(1) (2) (3) (4) (5)
A Exposure on Balance Sheet
1 Receivables on Sovereigns 33,486,083 - -
2 Receivables on Public Sector Entities - 218,598 -
3 Receivables on Multilateral Development Banks and International 1 - -
Institutions
4 Receivables on Banks 41,369 2,993,998 -
5 Loans Secured by Residential Property - 1,069,745 1,544,826
6 Loan Secured by Commercial Real Estate 53,408 - -
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 64,326 - -
9 Receivables on Corporate 2,064,985 908,848 -
10 Past Due Receivables - - -
11 Other Assets 2,759,778 - -
Total Exposure on Balance Sheet 38,469,950 5,191,189 1,544,826
254 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 257
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
Capital
Net Receivables After Calculating Credit Risk Mitigation Impacts RWA
Charge
35% 50% 75% 100% 150% Others
MANAGEMENT REPORT
(6) (7) (8) (9) (10) (11) (12) (13)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
COMPANY PROFILE
- - - - - - - -
- - - - - - - -
(in milion Rupiah)
31 December 2022
DISCUSSION & ANALYSIS
Capital
Net Receivables After Calculating Credit Risk Mitigation Impacts RWA
Charge
35% 50% 75% 100% 150% Others
MANAGEMENT
(6) (7) (8) (9) (10) (11) (12) (13)
- - - - - - - -
- 10,624,899 - - - - 5,356,169 535,617
- - - - - - - -
OPERATIONAL REVIEW
- 8,022,744 - - - - 4,610,171 461,017
4,013,520 - - - - - 2,004,886 200,489
- - - 3,277,703 - - 3,277,703 327,770
- - - - - - - -
- - 42,829,617 - - - 32,122,213 3,212,221
- 4,556,619 - 65,449,827 - - 67,909,906 6,790,991
- - - 5,972 197,734 - 302,573 30,257
- - - 4,573,829 503,203 - 5,328,634 532,863
GOVERNANCE
CORPORATE
4,013,520 23,204,262 42,829,617 73,307,331 700,937 - 120,912,255 12,091,225
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 255
Page 258
OPERATIONAL
REVIEW
No. Portfolio Category
0% 20% 25%
(1) (2) (3) (4) (5)
B Commitments/Contingencies Exposure for Off Balance Sheet Transactions
1 Receivables on Sovereigns - - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks - - -
5 Loans Secured by Residential Property - 263 275
6 Loan Secured by Commercial Real Estate - - -
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 1,627 - -
9 Receivables on Corporate 99,402 - -
10 Past Due Receivables - - -
Total Commitment/Contingencies Exposure for Off Balance Sheet 101,029 263 275
Transactions
C Exposure on Counterparty Credit Risk
1 Receivables on Sovereigns 5,869,150 - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks - - -
5 Receivables on Micro, Small Business, & Retail Portfolio - - -
6 Receivables on Corporate - - -
Total Counterparty Credit Risk Exposures 5,869,150 - -
256 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 259
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
Capital
Net Receivables After Calculating Credit Risk Mitigation Impacts RWA
Charge
35% 50% 75% 100% 150% Others
MANAGEMENT REPORT
(6) (7) (8) (9) (10) (11) (12) (13)
- - - - - - - -
- 75 - - - - 38 4
- - - - - - - -
- 420,771 - - - - 210,386 21,039
34 - - - - - 133 13
COMPANY PROFILE
- - - - - - - -
- - - - - - - -
- - 220,997 - - - 165,748 16,575
- - - 5,573,638 - - 5,573,638 557,364
- - - - - - - -
34 420,846 220,997 5,573,638 - - 5,949,943 594,995
DISCUSSION & ANALYSIS
- - - - - - - -
MANAGEMENT
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
OPERATIONAL REVIEW
- - - - - - - -
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 257
Page 260
OPERATIONAL
REVIEW
TABLE 18. DISCLOSURE OF NET RECEIVABLES AND CREDIT RISK MITIGATION TECHNIQUES - BANK ONLY
(in milion Rupiah)
31 December 2022
No. Portfolio Category Exposure which is Secured by
Net Unsecured
Receivables Credit Exposure
Collateral Guarantee Others
Insurance
(8) = (3)-
(1) (2) (3) (4) (5) (6) (7)
[(4)+(5)+(6)+(7)]
A Exposure on Balance Sheet
1 Receivables on Sovereigns 33,486,083 - - - - 33,486,083
2 Receivables on Public Sector Entities 10,842,317 - - - - 10,842,317
3 Receivables on Multilateral 1 - - - - 1
Development Banks and
International Institutions
4 Receivables on Banks 10,371,943 41,369 - - - 10,330,574
5 Loans Secured by Residential 6,628,073 - - - - 6,628,073
Property
6 Loan Secured by Commercial Real 3,331,111 53,408 - - - 3,277,703
Estate
7 Employee/Pensioner Loans - - - - - -
8 Receivables on Micro, Small 22,909,766 64,326 - - - 22,845,440
Business, & Retail Portfolio
9 Receivables on Corporate 70,365,716 2,064,985 - - - 68,300,731
10 Past Due Receivables 145,324 - - - - 145,324
11 Other Assets 6,990,848 - - - - 6,990,848
Total Exposure on Balance Sheet 165,071,182 2,224,088 - - - 162,847,094
B Commitments/Contingencies Exposure for Off Balance Sheet Transactions
1 Receivables on Sovereigns - - - - - -
2 Receivables on Public Sector Entities 75 - - - - 75
3 Receivables on Multilateral - - - - - -
Development Banks and
International Institutions
4 Receivables on Banks 420,771 - - - - 420,771
5 Loans Secured by Residential 572 - - - - 572
Property
6 Loan Secured by Commercial Real - - - - - -
Estate
7 Employee/Pensioner Loans - - - - - -
8 Receivables on Micro, Small 222,624 1,627 - - - 220,997
Business, & Retail Portfolio
9 Receivables on Corporate 5,673,040 99,402 - - - 5,573,638
10 Past Due Receivables - - - - - -
Total Commitment/Contingencies 6,317,082 101,029 - - - 6,216,053
Exposure for Off Balance Sheet
Transactions
258 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 261
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
31 December 2022
No. Portfolio Category Exposure which is Secured by
Net Unsecured
Receivables Credit Exposure
Collateral Guarantee Others
Insurance
MANAGEMENT REPORT
(8) = (3)-
(1) (2) (3) (4) (5) (6) (7)
[(4)+(5)+(6)+(7)]
C Exposure on Counterparty Credit Risk
1 Receivables on Sovereigns 5,869,150 - - - - 5,869,150
2 Receivables on Public Sector Entities - - - - - -
3 Receivables on Multilateral - - - - - -
Development Banks and
International Institutions
4 Receivables on Banks - - - - - -
COMPANY PROFILE
5 Receivables on Micro, Small - - - - - -
Business, & Retail Portfolio
6 Receivables on Corporate - - - - - -
Total Counterparty Credit Risk 5,869,150 - - - - 5,869,150
Exposures
Total (A+B+C) 177,257,414 2,325,117 - - - 174,932,297
TABLE 18. DISCLOSURE OF NET RECEIVABLES AND CREDIT RISK MITIGATION TECHNIQUES - BANK CONSOLIDATED
DISCUSSION & ANALYSIS
WITH SUBSIDIARY
MANAGEMENT
(in milion Rupiah)
31 December 2022
No. Portfolio Category Exposure which is Secured by
Net Unsecured
Receivables Credit Exposure
Collateral Guarantee Others
Insurance
(8) = (3)-
OPERATIONAL REVIEW
(1) (2) (3) (4) (5) (6) (7)
[(4)+(5)+(6)+(7)]
A Exposure on Balance Sheet
1 Receivables on Sovereigns 33,486,083 - - - - 33,486,083
2 Receivables on Public Sector Entities 10,843,497 - - - - 10,843,497
3 Receivables on Multilateral 1 - - - - 1
Development Banks and
International Institutions
4 Receivables on Banks 11,058,111 41,369 - - - 11,016,742
5 Loans Secured by Residential 6,628,091 - - - - 6,628,091
Property
GOVERNANCE
CORPORATE
6 Loan Secured by Commercial Real 3,331,111 53,408 - - - 3,277,703
Estate
7 Employee/Pensioner Loans - - - - - -
8 Receivables on Micro, Small 42,893,943 64,326 - - - 42,829,617
Business, & Retail Portfolio
9 Receivables on Corporate 72,980,279 2,064,985 - - - 70,915,294
10 Past Due Receivables 203,706 - - - - 203,706
11 Other Assets 7,836,810 - - - - 7,836,810
CORPORATE DATA
Total Exposure on Balance Sheet 189,261,632 2,224,088 - - - 187,037,544
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 259
Page 262
OPERATIONAL
REVIEW
(in milion Rupiah)
31 December 2022
No. Portfolio Category Exposure which is Secured by
Net Unsecured
Receivables Credit Exposure
Collateral Guarantee Others
Insurance
(8) = (3)-
(1) (2) (3) (4) (5) (6) (7)
[(4)+(5)+(6)+(7)]
B Commitments/Contingencies Exposure for Off Balance Sheet Transactions
1 Receivables on Sovereigns - - - - - -
2 Receivables on Public Sector Entities 75 - - - - 75
3 Receivables on Multilateral - - - - - -
Development Banks and
International Institutions
4 Receivables on Banks 420,771 - - - - 420,771
5 Loans Secured by Residential 572 - - - - 572
Property
6 Loan Secured by Commercial Real - - - - - -
Estate
7 Employee/Pensioner Loans - - - - - -
8 Receivables on Micro, Small 222,624 1,627 - - - 220,997
Business, & Retail Portfolio
9 Receivables on Corporate 5,673,040 99,402 - - - 5,573,638
10 Past Due Receivables - - - - - -
Total Commitment/Contingencies 6,317,082 101,029 - - - 6,216,053
Exposure for Off Balance Sheet
Transactions
C Exposure on Counterparty Credit Risk
1 Receivables on Sovereigns 5,869,150 - - - - 5,869,150
2 Receivables on Public Sector Entities - - - - - -
3 Receivables on Multilateral - - - - - -
Development Banks and International
Institutions
4 Receivables on Banks - - - - - -
5 Receivables on Micro, Small - - - - - -
Business, & Retail Portfolio
6 Receivables on Corporate - - - - - -
Total Counterparty Credit Risk 5,869,150 - - - - 5,869,150
Exposures
Total (A+B+C) 201,447,864 2,325,117 - - - 199,122,747
260 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
TABLE 19. CALCULATION OF THE STANDARDIZED APPROACH OF CREDIT RISK WEIGHTED ASSETS - BANK ONLY
1. Disclosure of Asset Exposures in the Balance Sheet
(in milion Rupiah)
31 December 2022
MANAGEMENT REPORT
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 33,486,083 - -
a. Receivables on Indonesia Sovereigns 33,486,083 - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities 10,842,317 5,355,579 5,355,579
3 Receivables on Multilateral Development Banks and International 1 - -
Institutions
COMPANY PROFILE
4 Receivables on Banks 10,371,943 4,493,623 4,472,938
a. Short Term Receivables 2,057,298 411,460 411,460
b. Long Term Receivables 8,314,645 4,082,163 4,061,478
5 Loans Secured by Residential Property 6,628,073 2,004,883 2,004,883
6 Loan Secured by Commercial Real Estate 3,331,111 3,331,111 3,277,703
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 22,909,766 17,182,324 17,134,080
9 Receivables on Corporate 70,365,716 68,546,481 66,481,497
DISCUSSION & ANALYSIS
10 Past Due Receivables 145,324 215,000 215,000
a. Loans Secured by Residential Property 5,972 5,972 5,972
MANAGEMENT
b. In Addition to Loans Secured by Residential Property 139,352 209,028 209,028
11 Other Assets 6,990,848 - 4,593,705
a. Cash, Gold, and Commemorative Coin 2,648,745 - -
b. Investment (in addition to being a deduction factor for capital) 82,078 - 84,018
1) Temporary capital investment in the context of credit - - -
restructuring
OPERATIONAL REVIEW
2) Investment in financial companies that are not listed on the 3,880 - 5,820
stock exchange
3) investment in financial companies listed on the stock exchange 78,198 - 78,198
c. Fixed Assets and Net Inventory 1,504,057 - 1,504,057
d. Foreclosed Assets 499,323 - 748,985
e. Net Interbranch Assets - - -
f. Others 2,256,645 - 2,256,645
TOTAL 165,071,182 101,129,001 103,535,385
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 261
Page 264
OPERATIONAL
REVIEW
2. Disclosure of Commitments/Contingencies Exposure for Off Balance Sheet Transactions.
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns - - -
a. Receivables on Indonesia Sovereigns - - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities 75 38 38
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks 420,771 210,386 210,386
a. Short Term Receivables - - -
b. Long Term Receivables 420,771 210,386 210,386
5 Loans Secured by Residential Property 572 133 133
6 Loan Secured by Commercial Real Estate - - -
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 222,624 166,968 165,748
9 Receivables on Corporate 5,673,040 5,673,040 5,573,638
10 Past Due Receivables - - -
a. Loans Secured by Residential Property - - -
b. In Addition to Loans Secured by Residential Property - - -
TOTAL 6,317,082 6,050,565 5,949,943
3. Disclosure of Exposures causing Counterparty Credit Risk
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 5,869,150 - -
a. Receivables on Indonesia Sovereigns 5,869,150 - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks - - -
a. Short Term Receivables - - -
b. Long Term Receivables - - -
5 Receivables on Micro, Small Business, & Retail Portfolio - - -
6 Receivables on Corporate - - -
TOTAL 5,869,150 - -
262 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
4. Disclosure of Exposures causing Credit Risk due to Settlement Risk
There is no exposure that cause Credit Risk due to Settlement Risk in 31 December 2022.
5. Exposure of Securitization
There is no exposure of Securitization in 31 December 2022.
MANAGEMENT REPORT
6. Disclosures of Derivative Exposure
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 159,202 - -
a. Receivables on Indonesia Sovereigns 159,202 - -
COMPANY PROFILE
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities 15,820 7,910 7,910
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks 920,257 348,490 348,490
a. Short Term Receivables 372,129 74,426 74,426
b. Long Term Receivables 548,128 274,064 274,064
DISCUSSION & ANALYSIS
5 Receivables on Micro, Small Business, & Retail Portfolio 3 2 2
6 Receivables on Corporate 177,647 177,647 177,647
MANAGEMENT
7 Credit Valuation Adjustment risk weighted assets 43,437
TOTAL 1,272,929 534,049 577,486
7. Total Credit Risk Measurement
(in milion Rupiah)
Portfolio Category 31 December 2022
OPERATIONAL REVIEW
TOTAL CREDIT RISK RWA (A) 110,062,814
RWA CREDIT RISK DEDUCTION FACTOR : Difference (B) -
between General allowance for possible losses on
earning assets (max. 1.25% of RWA Credit Risk)
TOTAL CREDIT RISK RWA (A) - (B) (C) 110,062,814
TOTAL CAPITAL DEDUCTION FACTOR (D) -
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 263
Page 266
OPERATIONAL
REVIEW
TABLE 19. CALCULATION OF THE STANDARDIZED APPROACH OF CREDIT RISK WEIGHTED ASSETS - BANK CONSOLIDATED
WITH SUBSIDIARY
1. Disclosure of Asset Exposures in the Balance Sheet
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 33,486,083 - -
a. Receivables on Indonesia Sovereigns 33,486,083 - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities 10,843,497 5,356,169 5,356,169
3 Receivables on Multilateral Development Banks and International 1 - -
Institutions
4 Receivables on Banks 11,058,111 4,630,856 4,610,171
a. Short Term Receivables 2,743,465 548,693 548,693
b. Long Term Receivables 8,314,646 4,082,163 4,061,478
5 Loans Secured by Residential Property 6,628,091 2,004,886 2,004,886
6 Loan Secured by Commercial Real Estate 3,331,111 3,331,111 3,277,703
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 42,893,943 32,170,458 32,122,213
9 Receivables on Corporate 72,980,279 69,974,891 67,909,906
10 Past Due Receivables 203,706 302,573 302,573
a. Loans Secured by Residential Property 5,972 5,972 5,972
b. In Addition to Loans Secured by Residential Property 197,734 296,601 296,601
11 Other Assets 7,836,810 - 5,328,634
a. Cash, Gold, and Commemorative Coin 2,759,777 - -
b. Investment (in addition to being a deduction factor for capital) 82,078 - 84,018
1) Temporary capital investment in the context of credit - - -
restructuring
2) Investment in financial companies that are not listed on the stock 3,880 - 5,820
exchange
3) investment in financial companies listed on the stock exchange 78,198 - 78,198
c. Fixed Assets and Net Inventory 1,925,525 - 1,925,525
d. Foreclosed Assets 499,323 - 748,985
e. Net Interbranch Assets - - -
f. Others 2,570,107 - 2,570,107
TOTAL 189,261,632 117,770,944 120,912,255
264 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
2. Disclosure of Commitments/Contingencies Exposure for Off Balance Sheet Transactions
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
MANAGEMENT REPORT
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns - - -
a. Receivables on Indonesia Sovereigns - - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities 75 38 38
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks 420,771 210,386 210,386
COMPANY PROFILE
a. Short Term Receivables - - -
b. Long Term Receivables 420,771 210,386 210,386
5 Loans Secured by Residential Property 572 133 133
6 Loan Secured by Commercial Real Estate - - -
7 Employee/Pensioner Loans - - -
8 Receivables on Micro, Small Business, & Retail Portfolio 222,624 166,968 165,748
DISCUSSION & ANALYSIS
9 Receivables on Corporate 5,673,040 5,673,040 5,573,638
10 Past Due Receivables - - -
MANAGEMENT
a. Loans Secured by Residential Property - - -
b. In Addition to Loans Secured by Residential Property - - -
TOTAL 6,317,082 6,050,565 5,949,943
3. Disclosure of Exposures causing Counterparty Credit Risk
OPERATIONAL REVIEW
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 5,869,150 - -
a. Receivables on Indonesia Sovereigns 5,869,150 - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities - - -
GOVERNANCE
3 Receivables on Multilateral Development Banks and International - - -
CORPORATE
Institutions
4 Receivables on Banks - - -
a. Short Term Receivables - - -
b. Long Term Receivables - - -
5 Receivables on Micro, Small Business, & Retail Portfolio - - -
6 Receivables on Corporate - - -
TOTAL 5,869,150 - -
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 265
Page 268
OPERATIONAL
REVIEW
4. Exposure that cause Credit Risk due to Settlement Risk
There is no exposure that cause Credit Risk due to Settlement Risk in 31 December 2022.
5. Exposure of Securitization
There is no exposure of Securitization in 31 December 2022.
6. Disclosures of Derivative Exposure
(in milion Rupiah)
31 December 2022
No. Portfolio Category Net RWA before RWA after
Receivables CRM CRM
(1) (2) (3) (4) (5)
1 Receivables on Sovereigns 159,202 - -
a. Receivables on Indonesia Sovereigns 159,202 - -
b. Receivables on Others Sovereigns - - -
2 Receivables on Public Sector Entities 15,820 7,910 7,910
3 Receivables on Multilateral Development Banks and International - - -
Institutions
4 Receivables on Banks 1,003,403 390,063 390,063
a. Short Term Receivables 372,129 74,426 74,426
b. Long Term Receivables 631,274 315,637 315,637
5 Receivables on Micro, Small Business, & Retail Portfolio 3 2 2
6 Receivables on Corporate 177,647 177,647 177,647
7 Credit Valuation Adjustment risk weighted assets 48,653
TOTAL 1,356,075 575,622 624,275
266 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
7. Total Credit Risk Measurement (1+2+3+4+5+6)
(in milion Rupiah)
Portfolio Category 31 December 2022
TOTAL CREDIT RISK RWA (A) 127,486,473
MANAGEMENT REPORT
RWA CREDIT RISK DEDUCTION FACTOR : Diffirence (B) -
between General allowance for possible losses on
earning assets (max. 1.25% of RWA Credit Risk)
TOTAL CREDIT RISK RWA (A) - (B) (C) 127,486,473
TOTAL CAPITAL DEDUCTION FACTOR (D) -
COMPANY PROFILE
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 267
Page 270
OPERATIONAL
REVIEW
TABLE 20. DISCLOSURE OF RECEIVABLES BASED ON DAYS PAST DUE
i. Bank Only
No Types of Exposure
a b
1 Credits included in Overdue Bills
2 Securities included in Overdue Bills
Total
ii. Bank Consolidated With Subsidiary
No Types of Exposure
a b
1 Credits included in Overdue Bills
2 Securities included in Overdue Bills
Total
ADDITIONAL DISCLOSURES RELATED TO THE TREATMENT ON NON-PERFORMING ASSETS (CRB-A)
The definition and criteria of performing assets (assets with current and special mention quality) and non-performing
assets (assets with substandard, doubtful, and loss quality) refer to POJK No. 40/POJK.03/2019 concerning Asset
Quality Assessment of Commercial Banks.
The definition and criteria of Past Due Receivables refer to the criteria as stated in SEOJK No.24/SEOJK.03/2021
concerning RWA Calculation for Credit Risk using the Standardized Approach for Commercial Banks.
268 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
31 December 2023 31 December 2022
Receivable Based on Deliquency Receivable Based on Deliquency
> 90 days to > 120 days > 90 days to > 120 days
> 180 days Total > 180 days Total
120 days to 180 days 120 days to 180 days
c d e f g h i j
293.472 566.003 1.855.020 2.714.495 352.825 531.216 1.280.316 2.164.357
- 82.960 - 82.960 - - - -
293.472 648.963 1.855.020 2.797.455 352.825 531.216 1.280.316 2.164.357
COMPANY PROFILE
(in milion Rupiah)
31 December 2023 31 December 2022
Receivable Based on Deliquency Receivable Based on Deliquency
> 90 days to > 120 days > 90 days to > 120 days
> 180 days Total > 180 days Total
120 days to 180 days 120 days to 180 days
DISCUSSION & ANALYSIS
c d e f g h i j
507.671 868.595 1.867.257 3.243.523 466.897 740.505 1.299.800 2.507.201
MANAGEMENT
- 82.960 - 82.960 - - - -
507.671 951.555 1.867.257 3.326.483 466.897 740.505 1.299.800 2.507.201
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 269
Page 272
OPERATIONAL
REVIEW
TABLE 21. DISCLOSURE OF PERFORMING AND NON-PERFORMING ASSETS
i. Bank Only
31 December 2023
Performing (Quality L and DPK)
No Description
Allowance for
Gross Carrying
Impairment
Value
Losses
a b
1 Securities 19.899.700 271.689
2 Credit 80.320.904 2.685.092
a. Corporation 49.146.603 1.354.315
b. Retail 31.174.301 1.330.778
3 Administrative Account Transactions 98.664.015 120.020
ii. Bank Consolidated With Subsidiary
31 December 2023
Performing (Quality L and DPK)
No Description
Allowance for
Gross Carrying
Impairment
Value
Losses
a b
1 Securities 19.899.700 271.689
2 Credit 109.059.670 4.010.774
a. Corporation 50.571.406 1.405.659
b. Retail 58.488.263 2.605.115
3 Administrative Account Transactions 98.664.015 120.020
TABLE 22. DISCLOSURE OF PERFORMING AND NON-PERFORMING RESTRUCTURING ASSETS
i. Bank Only
31 December 2023
Performing (Quality L and DPK) Non Performing (Kualitas KL, D, M)
Allowance for Allowance for
Gross Carrying Gross Carrying
No Description Impairment Impairment
Value Value
Losses Losses
a b c d
1 Securities - - - -
2 Credit 1,712,093 763,633 910,374 893,207
a. Corporation 1,049,862 618,289 715,205 707,972
b. Retail 662,231 145,344 195,169 185,235
3 Administrative Account 211,112 508 - -
Transactions
270 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
Non Performing (Quality KL, D, M)
MANAGEMENT REPORT
Impaired Receivables Not Impaired Receivables
Day Past Due > 90 days Day Past Due ≤ 90 days
Allowance for Allowance for Allowance for
Gross Carrying Gross Carrying Gross Carrying
Impairment Impairment Impairment
Value Value Value
Losses Losses Losses
c d e f g h
82.960 82.960 - - - -
1.454.926 1.307.529 181.918 72.633 23.287 18.543
COMPANY PROFILE
783.958 775.942 55.567 54.986 2.230 2.128
670.969 531.588 126.351 17.647 21.057 16.414
- - - - - -
(in milion Rupiah)
Non Performing (Quality KL, D, M)
Impaired Receivables Not Impaired Receivables
DISCUSSION & ANALYSIS
Day Past Due > 90 days Day Past Due ≤ 90 days
MANAGEMENT
Allowance for Allowance for Allowance for
Gross Carrying Gross Carrying Gross Carrying
Impairment Impairment Impairment
Value Value Value
Losses Losses Losses
c d e f g h
82.960 82.960 - - - -
1.982.929 1.604.734 181.918 72.633 24.314 19.115
790.340 777.929 55.567 54.986 2.230 2.128
OPERATIONAL REVIEW
1.192.589 826.805 126.351 17.647 22.084 16.986
- - - - - -
(in milion Rupiah)
Stage 1 Stage 2 Stage 3
GOVERNANCE
Allowance for Allowance for Allowance for
CORPORATE
Gross Carrying Gross Carrying Gross Carrying
Impairment Impairment Impairment
Value Value Value
Losses Losses Losses
e f g h i j
- - - - - -
423,243 65,454 658,563 170,025 1,540,661 1,421,360
206,767 56,801 228,869 50,598 1,329,431 1,218,862
216,476 8,654 429,694 119,427 211,230 202,498
CORPORATE DATA
41,794 4 169,318 504 - -
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 271
Page 274
OPERATIONAL
REVIEW
TABLE 22. DISCLOSURE OF PERFORMING AND NON-PERFORMING RESTRUCTURING ASSETS
ii. Bank Consolidated With Subsidiary
31 December 2023
Performing (Quality L and DPK) Non Performing (Kualitas KL, D, M)
Allowance for Allowance for
Gross Carrying Gross Carrying
No Description Impairment Impairment
Value Value
Losses Losses
a b c d
1 Securities - - - -
2 Credit 2,188,315 831,062 927,898 902,249
a. Corporation 1,053,166 618,750 715,491 708,090
b. Retail 1,135,149 212,312 212,407 194,159
3 Administrative Account 211,112 508 - -
Transactions
f. Credit Risk Mitigation Disclosure h. Listed or unlisted shares in the Stock Exchange
Danamon has determined the collateral as one of (due to expansion or acquisition), in accordance
credit-risk mitigation. However, Danamon does not with BI/OJK regulation
consider collateral the sole basis of credit decision- i. Fixed assets, i.e. land, building, aircraft,
making, nor the main source of loan repayment. registered vessels with gross content of 20 m3
The purposes of credit risk mitigation are as follow: or more and apartments which are pledged in
• To limit the risk of losses when the debtor cannot accordance with the prevailing regulation
meet their obligations to the Bank. j. Guarantee, i.e. Personal Guarantee and/or
• To protect from unexpected risk and risk Corporate Guarantee
inherent to credit exposure in the future.
Collateral valuation should be done in the credit
Acceptable collateral, according to the collateral initiation process. The revaluation is conducted at certain
policy approved by Danamon, are as follows: periods in accordance with the collateral requirements
a. Cash collaterals, i.e. time deposit, saving as PPA deductions. For collateral as a PPA deduction,
account, current account, margin deposit in the collateral valuation for credit facilities of more than
Danamon, securities of Indonesian government Rp10 billion should be conducted by an independent
and Indonesia Central Bank, placement with external appraiser with good qualifications, who is
Bank Indonesia and Indonesian government, certified and does not have any relationship with the
guarantee from Indonesian government and/or debtor. External appraisers should be appointed by
Standby LC from prime bank Danamon.
b. Receivables
c. Inventories The collateral valuation can be conducted by internal
d. Machines and inventories of office equipment appraisers. Danamon ensures that the appraisers have
e. Leasehold of shop the knowledge, education, and experience of collateral
f. Motor vehicles valuation and appraisers do not have any relationships
g. Ships with weight less than 20 m3 with the debtors. The assessment results should be
properly documented in the Credit file.
272 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
Stage 1 Stage 2 Stage 3
Allowance for Allowance for Allowance for
Gross Carrying Gross Carrying Gross Carrying
Impairment Impairment Impairment
Value Value Value
Losses Losses Losses
e f g h i j
- - - - - -
593,854 72,271 961,937 230,075 1,560,422 1,430,964
208,641 56,838 230,300 51,021 1,329,717 1,218,981
COMPANY PROFILE
385,213 15,433 731,637 179,054 230,705 211,984
41,794 4 169,318 504 - -
Danamon conducts an assessment of guarantors’ For reverse repo transactions, collateral in the form of
credit worthiness, among other ways by assessing the securities underlying the reverse repo transactions and/
DISCUSSION & ANALYSIS
financial statements to determine the credit rating of or cash is calculated as a form of credit risk mitigation
guarantors. on reverse repo transactions.
MANAGEMENT
Danamon has also determined 4 industrial sector The following are the disclosures of credit risk after
categories based on each respective risk level, namely calculating the impact of credit risk mitigation.
high risk restricted, high risk, medium risk, and low risk.
Danamon also determines the maximum threshold of
industries that are classified as high risk restricted and
high risk. In regard to this, Danamon conducts periodic
OPERATIONAL REVIEW
monitoring to ensure the level of exposure for each
industry is still within Danamon’s appetite.
Credit Risk Mitigation Methods for Standardized
Approach
To calculate credit risk mitigation as an RWA deduction
(Credit Risk), Danamon uses the MRK (Credit Risk
Mitigation) collateral. The types of financial collateral
recognised are those in accordance with regulations,
i.e. cash, savings, current accounts, savings deposits,
GOVERNANCE
security deposits, gold, and securities with certain
CORPORATE
criteria as per the OJK/Bank Indonesia.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 273
Page 276
OPERATIONAL
REVIEW
TABLE 23. QUANTITATIVE DISCLOSURE RELATED TO MRK TECHNIQUE (CR3)
i. Bank Only
31 December 2023 (in milion Rupiah)
Total
Total
Receivables Total Total Total
Receivables
Not Receivables Receivables Receivables
No Description Guaranteed
Guaranteed Guaranteed Guaranteed Secured Credit
MRK
MRK Collateral Warranty Derivatives
Technique
Technique
a b c d e
1 Loan 132,342,472 4,963,218 - - -
2 Marketable Securities 18,815,360 - - - -
3 Total 151,157,833 4,963,218 - - -
4 Pas Due Loans and 415,362 303 - - -
Marketable Securities
ii. Bank Consolidated With Subsidiary
31 December 2023 (in milion Rupiah)
Total
Total
Receivables Total Total Total
Receivables
Not Receivables Receivables Receivables
No Description Guaranteed
Guaranteed Guaranteed Guaranteed Secured Credit
MRK
MRK Collateral Warranty Derivatives
Technique
Technique
a b c d e
1 Loan 158,995,380 4,963,218 - - -
2 Marketable Securities 18,769,290 - - - -
3 Total 177,764,670 4,963,218 - - -
4 Pas Due Loans and 646,614 303 - - -
Marketable Securities
iii. Additional Disclosures
Danamon applies collateral CRM Techniques with a simple approach in accordance with SEOJK No. 24/
SEOJK.03/2021.
274 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
g. Usage of External Credit Rating (CRD)
In calculating RWA for Credit Risk, the Bank using ratings on exposure of securities. Therefore, the portfolio
categories which using ratings until the end of December 2023 consist of:
MANAGEMENT REPORT
Change to:
• Exposures to Government
• Exposures to Bank
• Exposures to Securities Company and Other Financial Institutions
• Exposures to Corporate
In calculating RWA for Credit Risk, the Bank using rating published by Rating Agencies acknowledged by the
Financial Services Authority (OJK). Under OJK Circular No. 37/SEOJK.03/2016 regarding Rating Agencies and Rating
acknowledged by the Financial Services Authority, namely Fitch Ratings, Moody’s Investor Service, Standard &
Poor’s, PT Fitch Ratings Indonesia, and PT Pemeringkat Efek Indonesia.
COMPANY PROFILE
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 275
Page 278
OPERATIONAL
REVIEW
TABLE 24. DISCLOSURE OF CREDIT RISK EXPOSURE AND MRK TECHNIQUE IMPACT (CR4)
i. Bank Only
31 December 2023
No Portfolio Categories
1 Receivables on Sovereigns
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
Receivables to Securities Companies and Other Financial Institutions1)
5 Receivables Covered Bonds
6 Receivables on Corporate - General Corporation Exposure2)
Receivables to securities companies and other financial institutions3)
Special Financing Exposure4)
7 Mandatory Government Administration, Defense, and Social Security
8 Receivables on Micro, Small Business, & Retail Portfolio
9 Loans Secured by Property
Residential Property Backed Credit whose Payment Is Not Materially Dependent on Property Cash Flow
Residential Property-Backed Loans whose Payment Depends Materially on Property Cash Flow
Commercial Property Backed Loans whose Payments Are Not Material Dependent on Property Cash Flow
Commercial Property Backed Loans whose Payments Depend Materially on Property Cash Flow
Land Procurement, Tillage, and/or Construction Credit
10 Past Due Receivables
11 Other Assets
Total
276 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
MANAGEMENT REPORT
Net Receivables Before the
Net Receivables After the application
Application of FKK and MRK RWA and Average Risk Weighting
of FKK and MRK Technique
Techniques
Administrative Administrative
Statement of Statement of Risk Weighting
Account Account RWA
Financial Position Financial Position Percentage
Transactions Transactions
a b c d e f
35,410,738 1,651,180 35,410,738 487,618 - 0.00%
3,296,622 1,157,383 3,296,622 115,738 1,706,180 50.00%
COMPANY PROFILE
- - - - - 0.00%
13,812,967 2,352,227 13,775,252 591,929 5,888,493 40.99%
7,626,652 10,642,485 7,626,652 1,419,629 3,360,266 37.15%
- - - - - 0.00%
50,835,448 60,058,762 48,678,581 11,424,115 59,223,403 98.54%
- - - - - 0.00%
- - - - - 0.00%
DISCUSSION & ANALYSIS
81,053 - 81,053 - 202,633 250.00%
MANAGEMENT
30,853,581 11,168,014 30,571,648 1,603,954 24,099,069 74.90%
- - - - - 0.00%
16,745,627 1,697,246 16,707,639 169,716 10,131,898 60.03%
13,257 5,816 13,257 582 14,530 104.99%
19,711,230 9,362,524 19,358,922 1,116,506 17,728,283 86.58%
2,899,057 553,425 2,899,057 56,178 2,298,729 77.78%
OPERATIONAL REVIEW
- - - - - 0.00%
523,579 11,995 523,461 1,199 540,955 103.11%
6,792,938 - 6,792,938 - 4,797,730 70.63%
188,602,749 98,661,057 185,735,820 16,987,164 129,992,169
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 277
Page 280
OPERATIONAL
REVIEW
ii. Bank Consolidated With Subsidiary
31 December 2023
No Portfolio Categories
1 Receivables on Sovereigns
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
Receivables to Securities Companies and Other Financial Institutions1)
5 Receivables Covered Bonds
6 Receivables on Corporate - General Corporation Exposure2)
Receivables to securities companies and other financial institutions3)
Special Financing Exposure4)
7 Mandatory Government Administration, Defense, and Social Security
8 Receivables on Micro, Small Business, & Retail Portfolio
9 Loans Secured by Property
Residential Property Backed Credit whose Payment Is Not Materially Dependent on Property Cash Flow
Residential Property-Backed Loans whose Payment Depends Materially on Property Cash Flow
Commercial Property Backed Loans whose Payments Are Not Material Dependent on Property Cash Flow
Commercial Property Backed Loans whose Payments Depend Materially on Property Cash Flow
Land Procurement, Tillage, and/or Construction Credit
10 Past Due Receivables
11 Other Assets
Total
1) Represents receivables which included in the scope of the portfolio category of receivables to securities companies and other financial service
institutions as stipulated in Appendix A of SEOJK No. 24 /SEOJK.03/2021.
2) Represents receivables which included in the scope of the portfolio category of receivables to corporations - general corporate exposures as
stipulated in Appendix A of SEOJK No. 24/SEOJK.03/2021 (excluding number 3) and number 4))
3) Represents receivables from securities companies and other financial service institutions that are not categorized as portfolio as shown in
point 1).
4) Represents receivables which included in the scope of the category of receivables to corporations - special financing exposures (with and without
rating) as stipulated in Appendix A of SEOJK No. 24/SEOJK.03/2021.
iii. Additional Disclosures
Danamon applies collateral CRM Techniques with a simple approach in accordance with SEOJK No. 24/
SEOJK.03/2021.
278 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 281
HIGHLIGHTS
FINANCIAL
(in milion Rupiah)
Net Receivables Before the
Net Receivables After the application
Application of FKK and MRK RWA and Average Risk Weighting
MANAGEMENT REPORT
of FKK and MRK Technique
Techniques
Administrative Administrative
Statement of Statement of Risk Weighting
Account Account RWA
Financial Position Financial Position Percentage
Transactions Transactions
a b c d e f
35,410,738 1,651,180 35,410,738 487,618 - 0.00%
3,297,287 1,157,383 3,297,287 115,738 1,706,512 50.00%
- - - - - 0.00%
14,422,987 2,352,227 14,385,272 591,929 6,013,413 40.15%
COMPANY PROFILE
6,585,925 10,642,485 6,585,925 1,419,629 2,953,272 36.89%
- - - - - 0.00%
52,344,690 60,058,762 50,187,823 11,424,115 60,478,106 98.16%
- - - - - 0.00%
- - - - - 0.00%
467,413 - 467,413 - 1,168,534 250.00%
DISCUSSION & ANALYSIS
57,894,491 11,168,014 57,612,558 1,603,954 44,390,965 74.96%
- - - - - 0.00%
MANAGEMENT
16,745,627 1,697,246 16,707,639 169,716 10,131,898 60.03%
13,257 5,816 13,257 582 14,530 104.99%
19,711,230 9,362,524 19,358,922 1,116,506 17,728,283 86.58%
2,899,057 553,425 2,899,057 56,178 2,298,729 77.78%
- - - - - 0.00%
OPERATIONAL REVIEW
755,403 11,995 755,285 1,199 754,847 99.78%
7,843,547 - 7,843,547 - 5,719,963 72.93%
218,391,652 98,661,057 215,524,723 16,987,164 153,359,052
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 279
Page 282
OPERATIONAL
REVIEW
TABLE 25. DISCLOSURE OF EXPOSURES BY ASSET CLASS AND RISK WEIGHT (CR5)
i. Bank Only
31 December 2023 (in milion Rupiah)
Total Net
Receivables
No Portfolio Categories 0% 20% 50% 100% 150% Other
After
FKKMRK
01 Receivables on Sovereigns 35,898,356 - - - - - 35,898,356
Total Net
Receivables
No Portfolio Categories 20% 50% 100% 150% Other
After
FKKMRK
02 Receivables on Public Sector Entities - 3,412,360 - - - 3,412,360
No Portfolio Categories 0% 20% 30% 50% 100% 150% Other
03 Receivables on Multilateral Development Banks and International - - - - - - -
Institutions
No Portfolio Categories 20% 30% 40% 50% 75% 100% 150%
04 Receivables on Banks 2,040,730 - 11,392,631 363,085 152,467 - 418,268
Receivables to Securities Companies and Other Financial Institutions 1,799,523 18,611 7,096,048 41,789 - - 90,310
No Portfolio Categories 10% 15% 20% 25% 35% 50% 100%
05 Receivables Covered Bonds - - - - - - -
No Portfolio Categories 20% 50% 65% 75% 80% 85% 100%
06 Receivables on Corporate - General Corporation Exposure 237,756 64,294 - - - 4,379,601 55,421,045
Receivables to securities companies and other financial institutions - - - - - -
Special Financing Exposure - - - - -
Total Net
Receivables
No Portfolio Categories 100% 150% 250% 400% Other
After
FKKMRK
07 Mandatory Government Administration, Defense, and Social Security - - 81.053 - - 81.053
Total Net
Receivables
No Portfolio Categories 45% 75% 85% 100% Other
After
FKKMRK
08 Receivables on Micro, Small Business, & Retail Portfolio 749,931 30,617,505 64,795 743,319 52 32,175,602
280 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 283
HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
Total Net
Receivables
COMPANY PROFILE
After
FKKMRK
-
Total Net
Receivables
Other
After
FKKMRK
- 14,367,180
- 9,046,281
DISCUSSION & ANALYSIS
Total Net
Receivables
Other
After
FKKMRK
MANAGEMENT
- -
Total Net
Receivables
130% 150% Other
After
FKKMRK
- - - 60,102,695
- - -
OPERATIONAL REVIEW
- - - -
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 281
Page 284
OPERATIONAL
REVIEW
No Portfolio Categories 0% 20% 25% 30% 35% 40% 45%
09 Loans Secured by Property - - - - - - -
Residential Property Backed Credit whose Payment Is Not Materially - 437,106 409,638 2,819,047 1,487,824
Dependent on Property Cash Flow
without a credit-sharing approach - - - - -
by using a credit sharing approach (guaranteed) -
by using a credit sharing approach (guaranteed) - - - -
Residential Property-Backed Loans whose Payment Depends - - -
Materially on Property Cash Flow
Commercial Property Backed Loans whose Payments Are Not - - - -
Material Dependent on Property Cash Flow
without a credit-sharing approach - - - -
by using a credit sharing approach (guaranteed)
by using a credit sharing approach (guaranteed) - - - -
Commercial Property Backed Loans whose Payments Depend
Materially on Property Cash Flow
Land Procurement, Tillage, and/or Construction Credit
Total Net
No Portfolio Categories 50% 100% 150% Other Receivables
After FKKMRK
10 Past Due Receivables 188,574 114,923 221,163 - 524,660
Total Net
No Portfolio Categories 0% 20% 100% 150% 1.250% Other Receivables
After FKKMRK
11 Other Assets 2,233,846 - 4,081,816 477,276 - - 6,792,938
Net Receivables
Net Receivables
Net Receivables (After the
of Administrative
No Risk Weight Statement of Average FKK imposition of
Account
Financial Position FKK and MRK
Transactions
Technique)
1 <40% 45,381,735 2,051,035 1,152 45,894,609
2 40%-70% 29,018,591 18,302,962 29 31,477,188
3 75% 43,602,218 10,370,034 6 44,860,550
4 85% 9,329,064 6,795,327 439 9,687,866
5 90%-100% 59,800,632 60,485,480 2,209 69,249,640
6 105%-130% 187,430 513,938 10,279 238,824
7 150% 1,202,026 142,281 739 1,233,254
8 250% 81,053 - - 81,053
9 400% - - - -
10 1250% - - - -
Total Net Receivables 188,602,749 98,661,057 14,853 202,722,984
282 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 285
HIGHLIGHTS
FINANCIAL
Total Net
Receivables
50% 60% 65% 70% 75% 85% 90% 100% 105% 110% 150% Other
After
FKKMRK
- - - - - - - - - - - - -
743,774 - 2,427,541 8,429,335 100,234 22,856 - - 16,877,354
MANAGEMENT REPORT
- - - - - - - - -
- -
- - - - - - - -
- - 13,839 - - 13,839
- 1,400,871 - 5,661,243 5,143,236 8,270,078 - - 20,475,428
- - - -
- - -
COMPANY PROFILE
- - - - - - - -
2,108,464 595,600 224,984 26,187 - 2,955,235
- - - -
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 283
Page 286
OPERATIONAL
REVIEW
ii. Bank Consolidated With Subsidiary
31 December 2023 (in milion Rupiah)
Total Net
Receivables
No Portfolio Categories 0% 20% 100% 150% 1250% Other
After
FKKMRK
01 Receivables on Sovereigns 35,898,356 - - - - - 35,898,356
Total Net
Receivables
No Portfolio Categories 20% 50% 100% 150% Other
After
FKKMRK
02 Receivables on Public Sector Entities - 3,413,025 - - - 3,413,025
No Portfolio Categories 0% 20% 30% 50% 100% 150% Other
03 Receivables on Multilateral Development Banks and International - - - - - - -
Institutions
No Portfolio Categories 20% 30% 40% 50% 75% 100% 150%
04 Receivables on Banks 2,636,171 - 11,407,210 363,085 152,467 - 418,268
Receivables to Securities Companies and Other Financial Institutions 1,753,037 18,611 6,101,807 41,789 - - 90,310
No Portfolio Categories 10% 15% 20% 25% 35% 50% 100%
05 Receivables Covered Bonds - - - - - - -
No Portfolio Categories 20% 50% 65% 75% 80% 85% 100%
06 Receivables on Corporate - General Corporation Exposure 237,757 152,626 - - - 5,782,087 55,439,468
Receivables to securities companies and other financial institutions - - - - - -
Special Financing Exposure - - - - -
Total Net
Receivables
No Portfolio Categories 100% 150% 250% 400% Other
After
FKKMRK
07 Mandatory Government Administration, Defense, and Social Security - - 467,413 - - 467,413
Total Net
Receivables
No Portfolio Categories 45% 75% 85% 100% Other
After
FKKMRK
08 Receivables on Micro, Small Business, & Retail Portfolio 749,931 57,567,968 140,781 757,780 52 59,216,512
284 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 287
HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
Total Net
Receivables
After
FKKMRK
-
COMPANY PROFILE
Total Net
Receivables
Other
After
FKKMRK
- 14,977,201
- 8,005,554
Total Net
Receivables
Other
After
FKKMRK
DISCUSSION & ANALYSIS
- -
Total Net
MANAGEMENT
Receivables
130% 150% Other
After
FKKMRK
- - - 61,611,938
- - -
- - - -
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 285
Page 288
OPERATIONAL
REVIEW
No Portfolio Categories 0% 20% 25% 30% 35% 40% 45%
09 Loans Secured by Property - - - - - - -
Residential Property Backed Credit whose Payment Is Not Materially - 437,106 409,638 2,819,047 1,487,824
Dependent on Property Cash Flow
without a credit-sharing approach - - - - -
by using a credit sharing approach (guaranteed) -
by using a credit sharing approach (guaranteed) - - - -
Residential Property-Backed Loans whose Payment Depends - - -
Materially on Property Cash Flow
Commercial Property Backed Loans whose Payments Are Not - - - -
Material Dependent on Property Cash Flow
without a credit-sharing approach - - - -
by using a credit sharing approach (guaranteed)
by using a credit sharing approach (guaranteed) - - - -
Commercial Property Backed Loans whose Payments Depend
Materially on Property Cash Flow
Land Procurement, Tillage, and/or Construction Credit
Total Net
Receivables
No Portfolio Categories 50% 100% 150% Other
After
FKKMRK
10 Past Due Receivables 311,929 135,901 308,654 - 756,484
Total Net
Receivables
No Portfolio Categories 0% 20% 100% 150% 1.250% Other
After
FKKMRK
11 Other Assets 2,362,221 - 5,004,049 477,277 - - 7,843,547
Net Receivables
Net Receivables
Net Receivables (After the
of Administrative
No Risk Weight Statement of Average FKK imposition of
Account
Financial Position FKK and MRK
Transactions
Technique)
1 <40% 46,059,066 2,051,035 1,152 46,571,940
2 40%-70% 28,251,281 18,302,962 29 30,709,878
3 75% 70,552,681 10,370,034 6 71,811,013
4 85% 10,807,536 6,795,327 439 11,166,338
5 90%-100% 60,776,728 60,485,480 2,209 70,225,735
6 105%-130% 187,430 513,938 10,279 238,824
7 150% 1,289,517 142,281 739 1,320,746
8 250% 467,413 - - 467,413
9 400% - - - -
10 1250% - - - -
Total Net Receivables 218,391,652 98,661,057 14,853 232,511,887
iii. Additional Disclosure
Danamon applies collateral CRM Techniques with a simple approach in accordance with SEOJK No.24/
SEOJK.03/2021.
h. Disclosure of Assets Securitization
Securitization is the process of taking non-liquid assets or asset groups and, through financial engineering,
transforming them into securities. The securities that are issued based on the transfer of financial assets from the
original borrower are followed by payment from the proceeds of the sale of asset-backed securities to investors.
286 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 289
HIGHLIGHTS
FINANCIAL
Total Net
Receivables
50% 60% 65% 70% 75% 85% 90% 100% 105% 110% 150% Other
After
FKKMRK
- - - - - - - - - - - - -
743,774 - 2,427,541 8,429,335 100,234 22,856 - - 16,877,355
MANAGEMENT REPORT
- - - - - - - - -
- -
- - - - - - - -
- - 13,839 - - 13,839
- 1,400,871 - 5,661,243 5,143,236 8,270,078 - - 20,475,428
- - - -
- - -
- - - - - - - -
COMPANY PROFILE
2,108,463 595,600 224,985 26,187 - 2,955,235
- - - -
As of 31 December 2023, Danamon did not transactions of credit derivative and securitization, therefore no
disclosure of tables below:
• Net Credit Derivative Claims (CCR6)
DISCUSSION & ANALYSIS
• Securitization Exposure in the Banking Book (SEC1)
• Securitization Exposure Components in the Trading Book (SEC2)
MANAGEMENT
• Securitization Exposure in the Banking Book and related to its Capital Requirements - Bank Acting as Originator
or Sponsor (SEC3)
• Securitization Exposure in the Banking Book and related to its Capital Requirements Bank Acting as Investor (
(SEC4)
i. Credit Risk Assessment using Standardized Approach
In calculating the Risk Weighted Assets (RWA) for credit risk, Danamon applies the Standardized Approach, which
OPERATIONAL REVIEW
refers to OJK regulations, i.e. OJK Circular No.24/SEOJK.03/2021 regarding Risk Weighted Asset Calculation for
credit risk using standardise approach for commercial banks.
j. Credit Risk Due to Failure of Counterparty
Counterparty Credit Risk arises from the type of transactions that are generally affected by the following
characteristics:
• Transactions influenced by the movement of fair value or market value.
• Fair value of transactions influenced by movements of certain market variables.
• Transactions resulting in the exchange of cash flows or financial instruments.
• Bilateral in nature.
GOVERNANCE
CORPORATE
One of the transactions which may incite credit risk due to the counterparty’s failure is over the counter (OTC)
derivative and repo/reverse repo transactions for both Trading Book and Banking Book positions.
For both Repo and Reverse Repo transactions, Danamon refers to OJK Circular No.24/SEOJK.03/2021 regarding
Guidelines on Risk Weighted Assets calculations for Credit Risk using the Standardized Approach. For Repo
Transactions, Danamon records a positive difference between the net carrying values of securities as the
underlying repo with carrying values of the obligated repo. Net carrying value of securities is the carrying value
of securities after the LLP/ECL PSAK 71 of the securities is deducted. For Reverse Repo Transactions, Danamon
CORPORATE DATA
records the value of reverse repo receivables after the LLP/ECL PSAK 71 of receivables are deducted.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 287
Page 290
OPERATIONAL
REVIEW
TABLE 26. EXPOSURES ANALYSIS OF COUNTERPARTY CREDIT RISK (CCR1) - BANK ONLY
31 December 2023 (in milion Rupiah)
a b c d e f
Potential Alpha used
Replacement Future for EAD Net
No Description EEPE RWA
Cost (RC) Exposure regulatory Receivables
(PFE) calculation
1 SA-CCR (for derivative) 270,960 550,976 1,4 1,150,711 488,825
2 Internal Model Method N/A N/A
(For Derivative and SFT)
3 Basic Approach for credit N/A N/A
risk mitigation (for SFT)
4 Comprehensive approach N/A N/A
for credit risk mitigation
(For SFT)
5 VaR untuk SFT N/A N/A
6 Total 488,825
Qualitative Analysis
In accordance with SEOJK No 48/SEOJK.03/2017, RWA in Counterparty Credit Risk under Standard Approach Method
for Banks’ Derivative Transactions shall be calculated using the Replacement Cost calculation analysis method for non-
margin derivative transactions.
TABLE 27. CCR EXPOSURES BY PORTFOLIO CATEGORY AND RISK WEIGHT (CCR3) - BANK ONLY
31 December 2023
a b c d e f
Risk Weight
Portfolio 0% 20% 30% 40% 45% 50%
Category
Indonesia
Receivables on Sovereigns 68,117
Receivables on Public Sector 2
Entities
Receivables on Multilateral
Development Banks and
International Institutions
Receivables on Banks 202,341 611,832
Exposures to Securities Firm and 11,071 118,248
Other Financial Institutions
Receivables on Corporates
Receivables on Micro, Small, and
Retail Businesses Portfolio
Total 68,117 213,412 - 730,080 - 2
288 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 291
HIGHLIGHTS
FINANCIAL
TABLE 26. EXPOSURES ANALYSIS OF COUNTERPARTY CREDIT RISK (CCR1) - BANK CONSOLIDATED WITH SUBSIDIARY
31 December 2023 (in million Rupiah)
a b c d e f
MANAGEMENT REPORT
Potential Alpha used
Replacement Future for EAD Net
No Description EEPE RWA
Cost (RC) Exposure regulatory Receivables
(PFE) calculation
1 SA-CCR (for derivative) 271,966 560,384 1,4 1,165,290 494,657
2 Internal Model Method N/A N/A
(For Derivative and SFT)
3 Basic Approach for credit N/A N/A
risk mitigation (for SFT)
COMPANY PROFILE
4 Comprehensive approach N/A N/A
for credit risk mitigation
(For SFT)
5 VaR untuk SFT N/A N/A
6 Total 494,657
Qualitative Analysis
In accordance with SEOJK No 48/SEOJK.03/2017, RWA in Counterparty Credit Risk under Standard Approach Method
DISCUSSION & ANALYSIS
for Banks’ Derivative Transactions shall be calculated using the Replacement Cost calculation analysis method for non-
margin derivative transactions.
MANAGEMENT
(in million Rupiah)
g h i j k l m n
OPERATIONAL REVIEW
Total Net
67,5% 75% 85% 100% 112,5% 150% Others
Receivables
68,117
2
-
GOVERNANCE
CORPORATE
30,021 844,194
129,319
174 108,855 109,029
51 51
- - 174 108,855 - 30,072 - 1,150,711
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 289
Page 292
OPERATIONAL
REVIEW
TABLE 27. CCR EXPOSURES BY PORTFOLIO CATEGORY AND RISK WEIGHT (CCR3) - BANK CONSOLIDATED WITH
SUBSIDIARY
31 December 2023
a b c d e f
Risk Weight
Portfolio 0% 20% 30% 40% 45% 50%
Category
Indonesia
Receivables on Sovereigns 68,117
Receivables on Public Sector 2
Entities
Receivables on Multilateral
Development Banks and
International Institutions
Receivables on Banks 202,341 626,411
Exposures to Securities Firm and 11,071 118,248
Other Financial Institutions
Receivables on Corporates
Receivables on Micro, Small, and
Retail Businesses Portfolio
Total 68,117 213,412 - 744,659 - 2
Until the end of 2023, the Bank does not have Net Receivables Credit Derivatives.
2. Market Risk
Market Risk Management Implementation
Market Risk Management is a top-down process within Danamon’s organizational structure, from the Risk
Oversight Committee, the BOD through the Assets and Liabilities Committee (ALCO), and senior management
actively involved in the planning, approval, review, to assessment of all risks involved.
Trading risk, including exchange risk and interest rate risk, is primarily managed through a limit structure, and
monitored daily by the Market and Liquidity Risk (MLR) Division.
On the other hand, interest rate risk in the banking book is an exposure arising from adverse interest rate market
movement on the Bank’s balance sheet.
This risk is an inherent part of the banking business. Proper risk management could turn an exposure into
an additional source of income, and eventually increase shareholders’ value. However, excessive exposure to
interest rate risk could also create a significant threat to a bank’s income and capital. Monitoring of interest rate
risk on the banking book is carried out daily by the MLR Division.
In general, market risk measurement covers foreign exchange risk and interest rate risk in the Danamon Trading
Book and Banking Book. Market risk measurement includes the valuation of financial instruments, calculation of
market risk capital charge, stress testing, and sensitivity analysis. The methodology of market risk measurement
refers to regulatory requirements and general banking industry standards in market risk management.
290 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
MANAGEMENT REPORT
g h i j k l m n
Total Net
67,5% 75% 85% 100% 112,5% 150% Others
Receivables
68,117
2
COMPANY PROFILE
-
30,021 858,773
129,319
174 108,855 109,029
51 51
DISCUSSION & ANALYSIS
- - 174 108,855 - 30,072 - 1,165,290
MANAGEMENT
Portfolio Accounted for Minimum Capital Requirement
Danamon is committed to meet the Minimum Capital Adequacy (CAR) as stipulated by the regulator. Therefore,
on a monthly basis, Danamon will calculate market risk RWA based on a standardized approach. In the calculation,
the Bank takes two exposures into account, namely interest rate risk exposure and foreign exchange (FX) risk
exposure. Interest rate risk exposure consists of specific risks and general risks, which cover debt, debt related
instruments, and interest rate derivatives in the Trading Book. On the other hand, FX risk exposure is calculated
OPERATIONAL REVIEW
for foreign exchange risk in the Trading Book and Banking Book.
Anticipating Market Risk for Foreign Exchange Transactions
To anticipate the market risks faced, Danamon’s market risk management is based on the following principles:
• Danamon should establish a sound and comprehensive market risk management system that is closely
integrated with its day-today risk management process and system.
• The market risk management involves identification, measurement, monitoring, control, and risk management
information systems of all market risks materials/factors, including sound capital adequacy assessment
associated with the risks. Ultimately, through market risk management, Danamon seeks to ensure that it
does not take market risk beyond its capacity to absorb the potential losses.
GOVERNANCE
• Policies and procedures are structured with due observance of the prudence principle as the foundation of a
CORPORATE
robust risk management system.
• The market risk management system of Danamon should be commensurate with the scope, size, and
complexity of its activities.
• The market risk management system should cover all material market risks, both on- and off-balance sheet.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 291
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OPERATIONAL
REVIEW
TABLE 28. DISCLOSURE OF MARKET RISK USING STANDARDIZED APPROACH
(in million Rupiah)
31 December 2023 31 December 2022
Individual Consolidated Individual Consolidated
No Risk Type
Capital Capital Capital Capital
RWA RWA RWA RWA
Charge Charge Charge Charge
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Interest Rate Risk 51,585 644,816 51,585 644,816 28,896 361,200 28,896 361,200
a. Specific Risk 45 564 45 564 265 3,311 265 3,311
b. General Risk 51,540 644,252 51,540 644,252 28,631 357,889 28,631 357,889
2 Exchange Risk 26,042 325,523 26,090 326,122 36,090 451,122 36,041 450,508
3 Equity Risk*) - -
4 Commodity Risk *) - -
5 Option Risk 2,870 35,869 2,870 35,869 - - -
Total - - - - - - -
Note:
*) For Banks with subsidiary that have such risk exposures
Risk Management Implementation of Interest Rate
Risk in Banking Book (IRRBB) interest rate risk, including interest rate risk in
Banking Book (IRRBB). Accordingly, ALCO should
a. IRRBB Definition conduct regular meetings that include agenda items
Interest Rate Risk in Banking Book (IRRBB) refers related to IRRBB.
to the current or prospective risks to Danamon’s
capital and earnings arising from adverse In general, ALCO’s management of IRRBB is
movements in interest rates that affect the Bank’s supported by the Treasury and Capital Market (TCM)
Banking Book positions. Division and the Market and Liquidity Risk (MLR)
Unit.
Included in the IRRBB exposure are any instruments
or positions that are sensitive to interest rates but The TCM has an active role in managing IRRBB
are not included in the Trading Book/Fair Value exposure within the limits and parameters
to Profit and Loss (FVPL). This includes financial approved by ALCO, including managing the gap
instruments or assets that are recorded as Available- risk, repricing risk, and other risks associated with
for-Sale (AFS)/Fair Value to OCI (FVOCI) and as Held- the IRRBB, as well as performing necessary interest
to-Maturity (HTM). rate hedging. The management is performed based
on the decisions and mandates given by ALCO as a
b. Risk Management Strategy and Risk Mitigation senior management committee, which is the apex
for IRRBB body entrusted for interest rate risk management
IRRBB is managed for each exposure in a currency and is the owner of the IRRBB limit.
with material (major) exposures, i.e. those
accounting for a minimum of 5% of either Banking MLR is an independent function within the Bank that
Book assets or liabilities. The major currencies must is responsible for managing market and liquidity
be actively managed by Treasury and independently risks. The responsibility of the MLR in relation to the
monitored by Risk Management. management of the IRRBB includes:
• Identifying, measuring, monitoring, and
In relation to the above, the BOD delegates the reporting risk exposure in accordance with
authority to the Assets and Liabilities Committee regulations, methods, and policies related to
(ALCO) to monitor and review the structure and IRRBB.
trends of the balance sheet in terms of, such as,
292 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
• Developing and reviewing related policies, f. Hedging of IRRBB and Related Accounting
guidelines, methods, and procedures in Treatments
managing IRRBB. In the event that an activity uses hedge accounting,
• Reviewing the limits associated with IRRBB on a the activity is taken into account in the measurement
regular basis to ensure they remain adequately of IRRBB.
MANAGEMENT REPORT
set.
As of the December 2023 report, Danamon’s
c. Periodization of IRRBB Calculations and subsidiary had hedge accounting activities, which
Measurements Used to Measure Sensitivity to were included in the scope of the consolidated
IRRBB IRRBB calculation.
Internally, Danamon measures and monitors IRRBB
exposures monthly through the ΔEVE and ΔNII g. Main Modelling Assumptions and Parametric
methods. Used in ∆EVE and ∆NII Calculations
1) In calculating cash flows and discounts on the
d. Interest Rate Shock Scenario and Stress Scenario ∆EVE calculation, the Bank does not include
COMPANY PROFILE
Being Used commercial margin components and other
In accordance with the POJK, IRRBB exposure spread components.
measurement through ΔEVE is conducted based on 2) Determination of repricing maturities for NMD
6 (six) interest rate shock scenarios, as follow: is conducted based on a behavioral analysis of
• Parallel shock up NMD using sufficient historical data.
• Parallel shock down 3) The methodology used to estimate loan
• Steepener shock prepayment rates and TD early withdrawal rates
• Flattener shock is the maximum value of prepayment rates and
• Short rates shock up and early withdrawal rates based on historical data.
DISCUSSION & ANALYSIS
• Short rates shock down 4) At present there are no other assumptions that
have a material impact on ∆EVE and ∆NII that
MANAGEMENT
IRRBB exposure measurement through ∆NII is were excluded from the calculations.
conducted based on 2 (two) interest rate shock 5) The method of aggregation between currencies
scenarios, as follows: is as follows:
• parallel shock up - For the purpose of measurement on
• parallel shock down a consolidated basis, the calculation is
performed by combining the results of the
The amount of interest rate shock used by ∆EVE and ∆NII values of each entity based on
OPERATIONAL REVIEW
Danamon in calculating ∆EVE and ∆NII follows the the same interest rate scenario category and
scenario set by the OJK, which is as follows: the same currency type.
- For the purpose of measurement in
(in bps) Rp USD aggregation between significant currencies,
the calculation is performed by summing
Parallel 400 200
up the worst ∆EVE and ∆NII for each type of
Short 500 300
significant currency.
Long 350 150
Quantitative Analysis
e. Modelling Assumptions that Are Different from 1. Average repricing maturity for NMD as of the
GOVERNANCE
the Standardize Approach end of December 2023 is determined based on
CORPORATE
For the purpose of IRRBB disclosure, Danamon uses a behavioural analysis of NMD using sufficient
the standardized approach as stipulated in the OJK historical data.
Circular. 2. Maximum repricing maturity for NMD as of the end
of December 2023 is determined through internal
As a complementary tool in managing interest assumption.
rate risk, under the Internal Capital Assessment
Adequacy Process (ICAAP), Danamon also conducts
IRRBB simulations using the standardized approach
CORPORATE DATA
by using internal assumptions of interest rate shock.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 293
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OPERATIONAL
REVIEW
TABEL 29. QUANTITATIVE EXPOSURE OF OPERATIONAL RISKS - BANK ONLY
(in million Rupiah)
31 December 2023 31 December 2022
No Indicator Approach Average Gross Average Gross
Capital Capital
Income in the RWA Income in the RWA
Charge Charge
Last 3 Years Last 3 Years
(1) (2) (3) (4) (5) (6) (7) (8)
1 Basic Indicator Approach 0 0 0 11.565.545 1.734.832 21.685.397
TABEL 29. QUANTITATIVE EXPOSURE OF OPERATIONAL RISKS - BANK CONSOLIDATED WITH SUBSIDIARY
(in million Rupiah)
31 December 2023 31 December 2022
No Indicator Approach Average Gross Average Gross
Capital Capital
Income in the RWA Income in the RWA
Charge Charge
Last 3 Years Last 3 Years
(1) (2) (3) (4) (5) (6) (7) (8)
1 Basic Indicator Approach 0 0 0 17.508.460 2.626.269 32.828.362
Table 30. INTEREST RATE RISK IN BANKING BOOK-IRRBB CALCULATION REPORT - BANK ONLY
Currency : IDR (in million Rupiah)
ΔEVE ΔNII
Period 31-Dec 30-Sep 31-Dec 30-Sep
Parallel Up (2,845,184) (2,308,173) (1,131,069) (1,006,084)
Parallel Down 3,515,121 2,743,455 (69,068) (284,569)
Steepener (476,724) (118,605)
Flattener (206,376) (440,114)
Short Rate Up (1,455,477) (1,373,042)
Short Rate Down 1,634,827 1,536,341
Maximum Value Negative (Absolute) 2,845,184 2,308,173 1,131,069 1,006,084
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 34,156,702 33,648,233 9,228,015 9,228,015
Maximum Value divided by Tier 1 Capital (for ΔEVE) or Projected 8.33% 6.86% 12.26% 10.90%
Income (for ΔNII)
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HIGHLIGHTS
FINANCIAL
Currency : USD (in million Rupiah)
Period ΔEVE ΔNII
Scenario 31-Dec 30-Sep 31-Dec 30-Sep
Parallel Up (54,927) (33,573) 2,188 (49,415)
MANAGEMENT REPORT
Parallel Down 65,862 39,432 (98,780) (45,068)
Steepener (34,326) (10,073)
Flattener 14,072 1,448
Short Rate Up (11,064) (13,023)
Short Rate Down 12,900 14,730
Maximum Value Negative (Absolute) 54,927 33,573 98,780 49,415
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 34,156,702 33,648,233 9,228,015 9,228,015
Maximum Value divided by Tier 1 Capital (for ΔEVE) or Projected 0.16% 0.10% 1.07% 0.54%
Income (for ΔNII)
COMPANY PROFILE
Currency : Combined (Rp & USD) (in million Rupiah)
Period ΔEVE ΔNII
Scenario 31-Dec 30-Sep 31-Dec 30-Sep
Maximum Value Negative (Absolute) 2,900,111 2,341,746 1,229,849 1,055,500
Tier 1 Capital (for EVE) or Projected Income (for NII) 34,156,702 33,648,233 9,228,015 9,228,015
Maximum Value divided by Tier 1 Capital 8.49% 6.96% 13.33% 11.44%
DISCUSSION & ANALYSIS
(for EVE) or Projected Income (for NII)
MANAGEMENT
TABLE 30. INTEREST RATE RISK IN BANKING BOOK-IRRBB CALCULATION REPORT - BANK CONSOLIDATED WITH
SUBSIDIARY
Currency : IDR (in million Rupiah)
Period ΔEVE ΔNII
Scenario 31-Dec 30-Sep 31-Dec 30-Sep
(3,476,428) (2,868,106) (1,070,130) (930,116)
OPERATIONAL REVIEW
Parallel Up
Parallel Down 4,228,684 3,373,505 (132,287) (363,375)
Steepener (340,142) 16,503
Flattener (477,967) (693,829)
Short Rate Up (1,948,935) (1,820,680)
Short Rate Down 2,177,751 2,028,300
Maximum Value Negative (Absolute) 3,476,428 2,868,106 1,070,130 930,116
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 44,057,898 43,021,972 15,440,143 15,440,143
Maximum Value divided by Tier 1 Capital (for ΔEVE) or Projected 7.89% 6.67% 6.93% 6.02%
GOVERNANCE
CORPORATE
Income (for ΔNII)
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 295
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OPERATIONAL
REVIEW
Currency : USD (in million Rupiah)
Period ΔEVE ΔNII
Scenario 31-Dec 30-Sep 31-Dec 30-Sep
Parallel Up (54,927) (33,573) 2,188 (49,415)
Parallel Down 65,862 39,432 (98,780) (45,068)
Steepener (34,326) (10,073)
Flattener 14,072 1,448
Short Rate Up (11,064) (13,023)
Short Rate Down 12,900 14,730
Maximum Value Negative (Absolute) 54,927 33,573 98,780 49,415
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 44,057,898 43,021,972 15,440,143 15,440,143
Maximum Value divided by Tier 1 Capital (for ΔEVE) or Projected 0.12% 0.08% 0.64% 0.32%
Income (for ΔNII)
Currency : Combined (Rp & USD) (in million Rupiah)
Period ΔEVE ΔNII
Scenario 31-Dec 30-Sep 31-Dec 30-Sep
Maximum Value Negative (Absolute) 3,531,355 2,901,679 1,168,910 979,532
Tier 1 Capital (for EVE) or Projected Income (for NII) 44,057,898 43,021,972 15,440,143 15,440,143
Maximum Value divided by Tier 1 Capital 8.02% 6.74% 7.57% 6.34%
(for EVE) or Projected Income (for NII)
3. Liquidity Risk c. Determining relevant funding strategies to meet
liquidity requirements, including consolidating
Liquidity Risk Management Governance all funding resources.
Liquidity risk management is a top-down process, d. Developing effective contingency plans.
starting from the Risk Oversight Committee of the e. Improving resilience in the event of a sharp
BOC and the BOD /Senior Management through decline of liquidity risk and demonstrating
ALCO, which are actively involved in the planning, Danamon’s ability to address closed access to
approval, review, and assessment of all risks one or more financial markets by ensuring that
involved. funding can be generated through a variety of
sources.
In order to evaluate the fulfillment of liquidity, ALCO
has a wide scope of authority delegated by the BOD ALCO, as Danamon’s senior management
to manage the structure of assets and liabilities, committee, serves as the apex body assigned to
including the funding strategies of Danamon. ALCO oversee and evaluate the structure and trends
focuses on liquidity management with the following of the balance sheet in terms of liquidity, interest
objectives: rates risk, and capital management. This includes
a. Understanding the various liquidity risk sources the establishment of policies and procedures, the
and integrating the characteristics and risks determination of a limit framework, and evaluation
of various liquidity sources, particularly under of strategies on the balance sheet with the objectives
stress conditions. of providing adequate liquidity and capital for
b. Developing a comprehensive risk approach to Danamon, as well as a diversified funding structure.
ensure compliance with the overall risk appetite.
296 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Danamon manages liquidity risks through liquidity Stress Test
gap analysis and liquidity ratios. Liquidity risks are Liquidity-risk stress testing assesses Danamon’s
measured and monitored on a daily basis based on capacity to withstand plausible scenarios of a range
the limit framework of liquidity risks. of severities under various market and/or firm-
specific conditions, thereby identifying Danamon’s
MANAGEMENT REPORT
The monitoring and control processes are vulnerabilities to specific sources of liquidity risk.
conducted through the Liquidity Risk Limit
mechanism. MLR is an independent division (as the Stress tests should be designed to assess the
Second Line of Defense) that monitors the limits liquidity risk of the portfolios and the liquidity
relevant to liquidity risk on a daily basis by taking management strategies of Danamon under
into account the risk appetite and business strategy extraordinary circumstances. The scenarios used by
direction of the Bank. Danamon are:
Funding Strategy a. General Market Stress/Systemic Problem
As part of the liquidity risk management process, The aim of this scenario is to illustrate a
COMPANY PROFILE
Danamon implements a funding strategy through situation where liquidity at a large number of
a diversified third-party fund (TPF) composition in financial institutions in the country is affected.
wholesale and retail segment financing. One of the This situation may be triggered by a major
methods used to monitor the funding strategy is macroeconomic and financial problems or a
through the concentration of funding for large fund political crisis in the country that causes the
providers that are monitored daily. customers to lose confidence in the banking
system. A systemic situation arising from market
Liquidity Risk Mitigation Technique scenarios that are not directly related to the
In mitigating liquidity risks, Danamon’s liquidity risk Bank (e.g. sharp fall and high volatility in asset
DISCUSSION & ANALYSIS
management is based on the following principles: prices, market panic, sudden dry-up in short-
a. Strategies, policies, and practices are geared term funding markets, and financial/economic
MANAGEMENT
towards managing liquidity risk to provide difficulties).
sufficient liquidity.
b. There should be robust processes in place b. Bank-Specific Stress/Name Problem
for identifying, measuring, monitoring, and The aim of this scenario is to illustrate a
controlling liquidity risk. situation where liquidity stress arises as a result
c. The risk management function responsible for of Danamon itself experiencing either real or
liquidity risk management should be structurally perceived problems. These problems include
OPERATIONAL REVIEW
and functionally independent from the liquidity deteriorating asset quality, major fraud cases,
risk-taking function (Risk-Taking Unit). large trading losses, rumours about Danamon’s
d. There should be active monitoring and control of credibility or a downgrade in its credit rating, and
current and potential liquidity-risk exposures. exceptional losses arising from market/credit/
e. Funding sources and tenors should be effectively operational issues; this generally leads to an
diversified to minimise excessive funding erosion of public trust in the Bank, deposit runs,
concentrations. and overall shortness in liquidity.
f. A comprehensive Contingency Funding Plan
(CFP) that sets out the strategies for addressing Liquidity Risk Measurements
liquidity shortfalls in crisis situations should be In general, the assessment of liquidity risk may
GOVERNANCE
in place and tested periodically to assess its be grouped into regulatory measurements
CORPORATE
effectiveness and operational feasibility. and internal or non-regulatory measurements.
g. Danamon should maintain, on an ongoing To measure regulatory liquidity risk, the Bank
basis, a liquidity reserve of high-grade liquid internally set additional thresholds from those pre-
assets, corresponding to the risk tolerance, and set by regulations, where such thresholds are more
prevailing regulations. conservative than those set by regulations.
h. Danamon’s liquidity stress tests should include
the on- and off-balance sheet components.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 297
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OPERATIONAL
REVIEW
a. Liquidity Coverage Ratio (LCR)
The purpose of this standard is to ensure that Danamon retains a sufficient level of unencumbered and
high-quality assets that are convertible into cash to fulfill liquidity requirements within 30 calendar days
under a severe liquidity stress scenario as defined by regulators. At a minimum, liquid asset stocks will enable
Danamon to maintain its operations for up to 30 days during the stress scenario, by which time it is assumed
that appropriate corrective actions have been taken by the management and/or regulators.
TABLE 31. LIQUIDITY ADEQUACY RATIO (LCR) CALCULATION REPORT
INDIVIDUAL
31-Dec-23 30-Sep-23
The value of HQLA The value of HQLA
The after a haircut or The after a haircut or
No Components outstanding outstanding liabilities outstanding outstanding liabilities
value of and commitments value of and commitments
liabilities and multiplied by the liabilities and multiplied by the
commitments/ run-off rate or the commitments/ run-off rate or the
contractual value of contractual contractual value of contractual
invoice value invoices times the invoice value invoices times the
inflow rate inflow rate
1 Total data points used 63 days 62 days
in the calculation of the
LCR
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid 34,458,528 36,768,951
Asset (HQLA)
CASH OUTFLOWS
3 TOTAL CASH OUTFLOWS 64,655,143 64,011,690
CASH INFLOWS
4 TOTAL CASH INFLOWS 38,326,266 38,211,519
TOTAL ADJUSTED TOTAL ADJUSTED
VALUE1 VALUE1
5 TOTAL HQLA 34,458,528 36,768,951
6 NET CASH OUTFLOWS 26,328,877 25,800,171
7 LCR (%) 130.88% 142.51%
298 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
(in million Rupiah)
CONSOLIDATED
31-Dec-23 30-Sep-23
The outstanding The value of HQLA after a haircut The outstanding The value of HQLA after a haircut
value of or outstanding liabilities and value of or outstanding liabilities and
COMPANY PROFILE
liabilities and commitments multiplied by liabilities and commitments multiplied by
commitments/ the run-off rate or the value of commitments/ the run-off rate or the value of
contractual contractual invoices times the contractual contractual invoices times the
invoice value inflow rate invoice value inflow rate
63 days 62 days
DISCUSSION & ANALYSIS
34,538,059 36,849,152
MANAGEMENT
65,356,369 64,844,207
39,152,495 39,029,389
OPERATIONAL REVIEW
TOTAL ADJUSTED VALUE1 TOTAL ADJUSTED VALUE1
34,538,059 36,849,152
26,203,874 25,814,818
131.81% 142.74%
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 299
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OPERATIONAL
REVIEW
Individual Analysis
In general, the liquidity condition of Danamon is still very good. Liquidity risk management is supported by measurement of liquidity risk parameters
that indicate a low level of risk. In addition, Danamon is also supported by strong capital.
In accordance with POJK No.42/POJK.03/2015, Banks are obliged to perform Individual and Consolidated quarterly reports for KBMI 3 Banks for the
position of the December 2023 report based on the daily average from October - December 2023.
The average LCR ratio of Danamon individually for Quarter-IV 2023 was 130.88%. This ratio is still above the minimum ratio value stipulated in POJK
No.42/ POJK.03/2015 which is 100% and revised through OJK Regulation number 48/POJK.03/2020 concerning National Economic Stimulus as a
Countercyclical Policy as the impact of the spread of Coronavirus Disease 2019, which is 85% valid until March 31, 2022.
The composition of the LCR for Quarter-IV 2023 is described in the section below.
The composition of High Quality Liquid Assets (HQLA) owned by Danamon in Quarter-IV 2023 was still dominated by Placements with Bank
Indonesia (BI) and securities issued by the Central Government and BI. On average, during Quarter-IV 2023, the largest composition of HQLA was
securities issued by the Central Government and BI, amounting to 54.10% of the total HQLA, followed by Placements with BI of 39.98%, cash or cash
equivalents 5.49%, Corporate Bonds Level 2A at 0.43% and Corporate Bonds Level 2B at 0%.
The composition of Third Party Funds (TPF) owned by Danamon remains diversified the wholesale and retail segments. To maintain the stability of
TPF so as not to be concentrated on a particular party, as risk mitigation, Danamon internally monitors the funding concentration ratio on a daily
basis and continues to make efforts to diversify TPF in a sustainable manner.
Overall, the total derivative transactions conducted by Danamon did not have a significant impact on the LCR calculation. In terms of composition,
the comparison of the net cash outflow of derivative transactions (derivative transaction cash outflow minus derivative transaction cash inflow) to
the total net cash outflow is 0.17%, with the cash inflow of derivative transactions being greater than the cash outflow of derivative transactions.
In addition, the background for derivative portfolio activities is still limited to plain vanilla products, most of which are carried out for hedging needs,
supporting customer transactions, or liquidity needs in Balance Sheet Management.
The implementation of Danamon’s liquidity management in accordance with what we have reported in the liquidity risk profile includes the
following:
1. In terms of risk management, the BOC and BOD have awareness of liquidity management risk and is represented through the ALCO (Asset and
Liability Committee) and ROC (Risk Oversight Committee) with clear and independent duties and responsibilities.
2. In terms of risk management, Danamon has a contingency funding plan (CFP), monitoring and reporting of liquidity limits through ALCO and
ROC, managing positions and liquidity risk, as well as funding strategies and policies / procedures as well as monitoring liquidity risk limits and
reviewed regularly.
3. Danamon has and implements a liquidity risk management process, independent human resources and a liquidity management information
system.
4. Danamon has a sufficient risk control system through a risk management unit and a compliance unit that is independent from the operational
unit and Line of Business.
b. Net Stable Funding Ratio (NSFR)
This ratio aims to assess Danamon’s resilience from a stable funding profile in accordance with balance sheet
composition on and off-balance sheet.
TABLE 32. NSFR REPORT - BANK ONLY
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
1 Capital: 49,744,703 - -
2 Capital in Accordance to POJK KPMM 49,744,703 - -
3 Other Capital Instruments - - -
4 Deposits originating from individual customers and 37,904,276 29,369,619 2,043,444
Funding from micro and small business customers:
5 Stable Deposits and Funding 2,056,830 281,191 86,280
6 Less Stable Deposits and Funding 35,847,447 29,088,428 1,957,164
300 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Consolidated Analysis
Danamon’s consolidated liquidity also shows very good conditions. Liquidity risk management in both the main entity and its subsidiaries is
carried out through measurement, supervision and control of liquidity risk parameters, which generally indicate a low level of risk.
In accordance with POJK No.42/POJK.03/2015, Banks are obliged to perform Individual and Consolidated quarterly reports for KBMI 3 Banks for the
position of the December 2023 report based on the daily average from October - December 2023.
MANAGEMENT REPORT
The average Consolidated LCR ratio of Danamon for Quarter IV 2023 is 131,81%.This ratio is still above the minimum ratio value stipulated in POJK
No.42/ POJK.03/2015 which is 100% and revised through OJK Regulation number 48/POJK.03/2020 concerning National Economic Stimulus as a
Countercyclical Policy as the impact of the spread of Coronavirus Disease 2019, which is 85% valid until March 31, 2022.
The composition of the LCR for Quarter-IV 2023 is described in the section below.
The LCR consolidation calculation is a combination of Danamon’s LCR calculation as the main entity with the subsidiary’s LCR, in this case PT Adira
Dinamika Multi Finance Tbk (ADMF), a financial services institution engaged in financing or multi finance.
On a consolidated basis, the combined of LCR from subsidiaries has a marginal impact on HQLA by adding cash or cash equivalents, increasing/
reducing cash outflows through bond issuance and interbank borrowing, as well as increasing cash inflows through retail and interbank asset
claims.
Composition of High Quality Liquid Assets (HQLA) owned by Danamon on a consolidated basis in Quarter-IV was still dominated by Placements
with Bank Indonesia (BI) and Securities issued by the Central Government and BI. On average throughout the Fourth Quarter of 2023, the largest
COMPANY PROFILE
composition of HQLA was Securities issued by the Central Government and BI at 53.97% of the total HQLA, followed by Placements with BI of
39.89%, Cash or Cash equivalents of 5.71%, Corporate Bonds Level 2A at 0.43% and Corporate Bonds Level 2B at 0%.
Analysis of the Composition of Third Party Funds as an outflow component, the majority are in the Main Entity (Danamon) which remains diversified
in funding from wholesale and retail segments. Supervision of the concentration of funding is monitored on a daily basis.
Derivative transactions are centered on the Main Entity (Danamon). As stated in the Individual analysis, the ratio of derivative transactions both
in terms of receivables and liabilities to total assets and liabilities (including capital) has a minimal impact on the LCR calculation. The background
of the derivative portfolio activity is only limited to plain vanilla products for hedging needs, supporting customer transactions, or liquidity needs
through Balance Sheet Management.
The implementation of Consolidated liquidity management in accordance with what we have reported in the consolidated liquidity risk profile,
includes the following:
DISCUSSION & ANALYSIS
1. In terms of risk governance, the BOC and BOD of both the Main Entity and Subsidiaries have awareness of liquidity management risk which
is represented through the ALCO (Asset and Liability Committee) and ROC (Risk Oversight Committee) with clear and independent duties and
responsibilities.
2. In terms of risk management, the Main Entity and / or Subsidiaries have contingency funding plans (CFP), monitoring and reporting of liquidity
MANAGEMENT
limits through ALCO and ROC, managing positions and liquidity risks as well as funding strategies and policies / procedures and limits. liquidity
risk which is monitored and reviewed regularly.
3. The Main Entity and Subsidiaries have and implement a liquidity risk management process, independent human resources and a liquidity
management information system.
4. The Main Entity and Subsidiaries have adequate risk control systems through risk management units and compliance units that are independent
of operational units and Line of Business.
OPERATIONAL REVIEW
(in million Rupiah)
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
Value ≥6 months - 1 Value
≥1 year No Period <6 months ≥1 year
year
GOVERNANCE
- 49,744,703 50,869,926 - - - 50,869,926
CORPORATE
- 49,744,703 50,869,926 - - - 50,869,926
- - - - - - -
- 62,506,820 35,595,983 31,298,072 2,352,383 - 62,449,294
- 2,303,085 2,180,314 272,554 97,131 - 2,422,500
- 60,203,735 33,415,669 31,025,518 2,255,252 - 60,026,795
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 301
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OPERATIONAL
REVIEW
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
7 Funding originating from corporate customers: 30,524,973 30,097,897 1,403,014
8 Operational Deposits 20,175,796 - -
9 Other funding originating from corporate customers 10,349,178 30,097,897 1,403,014
10 Liabilities with interdependent asset pairs - - -
11 Liabilities and other equities 8,848,607 - 85,597
12 NSFR derivative liabilities -
13 Equities and other liabilities that are not included in the 8,848,607 1,296,496 85,597
above categories
14 Total ASF
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
15 Total HQLA in the framework of calculating the NSFR
16 Deposits with other financial institutions for 1,405,592 - -
operational purposes
17 Loans classified as Current and Special Mention - 65,035,756 22,449,522
(performing) and marketable securities
18 To financial institutions guaranteed by HQLA Level 1 - - -
19 To financial institutions that are not guaranteed with Level - 10,146,775 1,407,851
1 HQLA and loans to financial institutions without collateral
20 To non-financial companies, individual customers and - 54,081,807 20,152,445
customers of micro and small businesses, the Government of
Indonesia, governments of other countries, Bank Indonesia,
central banks of other countries and public sector entities,
including:
21 Meet the qualifications to get a risk weight of 35% or less, - - -
according to the SE OJK ATMR for Credit Risk
22 Residential mortgage backed loans that are not being - - -
guaranteed, which include:
23 Meet the qualifications to get a risk weight of 35% or less, - 570,019 579,666
according to the SE OJK ATMR for Credit Risk
24 Securities that are not being pledged as collateral, are not - 237,156 309,560
default on payment, and are not included as HQLA, including
shares traded on an exchange
25 Assets with interdependent liabilities pairs - - -
26 Other Assets: - 15,952,160 212,590
302 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
≥6 months - 1
MANAGEMENT REPORT
≥1 year Value No Period <6 months ≥1 year Value
year
50,000 23,186,043 38,658,359 32,551,756 1,792,594 75,000 28,662,125
- 10,087,898 28,713,927 - - - 14,356,963
50,000 13,098,145 9,944,432 32,551,756 1,792,594 75,000 14,305,162
- - - - - - -
- 42,798 8,983,143 - 98,023 - 49,011
-
COMPANY PROFILE
571,532 42,798 8,983,143 1,436,040 98,023 211,979 49,011
135,480,364 142,030,357
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
Value ≥6 months - 1 Value
≥1 year No Period <6 months ≥1 year
DISCUSSION & ANALYSIS
year
729,134 842,280
MANAGEMENT
- 702,796 1,538,845 - - - 769,423
53,719,029 83,489,445 - 65,591,025 23,170,118 56,841,787 87,632,812
- - - - - - -
7,824,722 10,050,664 - 7,073,924 3,877,530 7,457,517 10,457,371
OPERATIONAL REVIEW
34,632,309 65,053,845 - 57,539,484 18,330,300 37,534,956 68,343,488
- - - - - - -
- - - - - - -
10,179,814 7,191,722 - 605,846 612,527 11,049,575 7,791,410
GOVERNANCE
CORPORATE
1,082,183 1,193,214 - 371,771 349,760 799,738 1,040,543
- - - - - - -
8,176,326 23,899,599 - 16,622,383 156,067 8,848,431 25,176,307
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 303
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OPERATIONAL
REVIEW
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
27 Physical commodities that are traded, including gold -
28 Cash, securities and other assets recorded as initial margin - -
for derivative contracts and cash or other assets submitted
as default funds to the central counterparty (CCP)
29 NSFR derivative assets - 55,924
30 NSFR derivative liabilities before deduction with variation - 71,069
margin
31 All other assets that are not included in the above - 15,952,160 85,597
categories
32 Off Balance Sheet 83,153,653 2,895,140
33 Total RSF
34 Net Stable Funding Ratio (%)
Individual Analysis
The Net Stable Funding Ratio (NSFR) of Danamon in December 2023 for individual Bank positions was 123.59%, decrease compared to the position
in September 2023 of 124.02%. Overall, during Quarter IV/2023, Danamon’s NSFR was always above the OJK requirement of a minimum of 100%.
Danamon’s Total Available Stable Fund (ASF) for December 2023 is Rp142.03 Tn (weighted value) with the largest component coming from
deposits from individual and micro customers amounting to Rp62.45 Tn (weighted value) and capital of Rp50.87 Tn (weighted value).
Compared to the position in September 2023, total ASF was increase by Rp6.55 Tn (weighted value) mainly due to an increase in Deposits from
Corporate Customers of Rp5.48 Tn (weighted value) & Capital of Rp1.13 Tn (weighted value).
Danamon’s Total Required Stable Fund (RSF) is Rp114.92 Tn (weighted value) with the largest component coming from Loans in the Current and
Special Mention category (performing) and securities that are not in default amounting to Rp87.63 Tn (weighted value) and other assets amounting
to Rp25.18 Tn (weighted value).
Compared to the position in September 2023, total RSF increased by Rp5.68 Tn (weighted value) mainly due to an increase in Loans in the Current &
Special Mention Category (performing) and Securities increased by Rp4.14 Tn (weighted value) and Other Assets amounting to Rp1.28 Tn (weighted
value).
TABLE 32. NSFR REPORT - BANK CONSOLIDATED WITH SUBSIDIARY
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
1 Capital: 49,834,327 - -
2 Capital in Accordance to POJK KPMM 49,834,327 - -
3 Other Capital Instruments - - -
4 Deposits originating from individual customers and 37,904,276 29,369,619 2,043,444
Funding from micro and small business customers:
5 Stable Deposits and Funding 2,056,830 281,191 86,280
6 Less Stable Deposits and Funding 35,847,447 29,088,428 1,957,164
7 Funding originating from corporate customers: 29,467,236 32,723,775 5,640,600
304 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
(in million Rupiah)
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
≥6 months - 1
MANAGEMENT REPORT
≥1 year Value No Period <6 months ≥1 year Value
year
- - -
- - - - - -
- 55,924 - - - -
- 71,069 - 58,044 - 58,044
8,176,326 23,772,606 - 16,622,383 98,023 8,848,431 25,118,262
COMPANY PROFILE
737,600 418,739 94,376,509 3,687,026 600,481 495,172
109,239,713 114,915,994
124.02% 123.59%
Individual Analysis
Compared to the position in September 2023, total RSF increased by Rp5.68 Tn (weighted value) mainly due to an increase in Loans in the Current &
Special Mention Category (performing) and Securities increased by Rp4.14 Tn (weighted value) and Other Assets amounting to Rp1.28 Tn (weighted
DISCUSSION & ANALYSIS
value).
As of December 2023, the Bank does not have interdependent assets or liabilities.
MANAGEMENT
The implementation of Danamon liquidity management in accordance with what we have reported in the liquidity risk profile, includes several
things as follows:
1. In terms of risk management, the BOC and BOD have awareness of liquidity management risk and is represented through the ALCO (Asset and
Liability Committee) and ROC (Risk Oversight Committee) with clear and independent duties and responsibilities.
2. In terms of risk management, Danamon has a contingency funding plan (CFP), monitoring and reporting of liquidity limits through ALCO and
ROC, managing positions and liquidity risk, as well as funding strategies and policies / procedures as well as monitoring liquidity risk limits and
reviewed regularly.
3. Danamon has and implements a liquidity risk management process, independent human resources and a liquidity management information
system.
4. Danamon has a sufficient risk control system through a risk management unit and a compliance unit that is independent from the operational
OPERATIONAL REVIEW
unit and Line of Business.
(in million Rupiah)
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
Value ≥6 months - 1 Value
≥1 year No Period <6 months ≥1 year
year
GOVERNANCE
- 49,834,327 50,970,743 - - - 50,970,743
CORPORATE
- 49,834,327 50,970,743 - - - 50,970,743
- - - - - - -
- 62,506,820 35,595,983 31,298,072 2,352,383 - 62,449,294
- 2,303,085 2,180,314 272,554 97,131 - 2,422,500
- 60,203,735 33,415,669 31,025,518 2,255,252 - 60,026,795
7,367,635 32,622,471 37,847,695 35,876,634 6,510,172 7,002,909 37,948,823
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 305
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OPERATIONAL
REVIEW
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
8 Operational Deposits 20,175,796 - -
9 Other funding originating from corporate customers 9,291,441 32,723,775 5,640,600
10 Liabilities with interdependent asset pairs - - -
11 Liabilities and other equities 8,822,243 - 616,742
12 NSFR derivative liabilities -
13 Equities and other liabilities that are not included in the 8,822,243 2,856,371 616,742
above categories
14 Total ASF
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
15 Total HQLA in the framework of calculating the NSFR
16 Deposits with other financial institutions for 2,155,108 - -
operational purposes
17 Loans classified as Current and Special Mention - 70,307,301 28,359,757
(performing) and marketable securities
18 To financial institutions guaranteed by HQLA Level 1 - - -
19 To financial institutions that are not guaranteed with Level - 10,146,775 1,407,851
1 HQLA and loans to financial institutions without collateral
20 To non-financial companies, individual customers and - 59,353,351 26,062,679
customers of micro and small businesses, the Government of
Indonesia, governments of other countries, Bank Indonesia,
central banks of other countries and public sector entities,
including:
21 Meet the qualifications to get a risk weight of 35% or less, - - -
according to the SE OJK ATMR for Credit Risk
22 Residential mortgage backed loans that are not being - - -
guaranteed, which include:
23 Meet the qualifications to get a risk weight of 35% or less, - 570,019 579,666
according to the SE OJK ATMR for Credit Risk
24 Securities that are not being pledged as collateral, are not - 237,156 309,560
default on payment, and are not included as HQLA, including
shares traded on an exchange
25 Assets with interdependent liabilities pairs - - -
26 Other Assets: 509,239 6,833,720 229,137
306 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 309
HIGHLIGHTS
FINANCIAL
(in million Rupiah)
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
≥6 months - 1
MANAGEMENT REPORT
≥1 year Value No Period <6 months ≥1 year Value
year
- 10,087,898 28,713,927 - - - 14,356,963
7,367,635 22,534,573 9,133,768 35,876,634 6,510,172 7,002,909 23,591,860
- - - - - - -
- 1,842,429 8,951,360 - 412,977 - 1,760,139
-
2,105,590 1,842,429 8,951,360 3,405,395 412,977 1,765,629 1,760,139
COMPANY PROFILE
146,806,047 153,128,999
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
Value ≥6 months - 1 Value
≥1 year No Period <6 months ≥1 year
year
DISCUSSION & ANALYSIS
729,134 842,280
- 1,077,554 2,134,287 - - - 1,067,143
MANAGEMENT
68,380,817 101,542,854 - 71,680,650 29,144,332 72,188,578 106,709,504
- - - - - - -
7,824,722 10,050,664 - 7,073,924 3,877,530 7,457,517 10,457,371
OPERATIONAL REVIEW
49,341,431 83,147,489 - 63,629,109 24,304,515 52,930,680 87,461,773
- - - - - - -
- - - - - - -
10,179,814 7,191,722 - 605,846 612,527 11,049,575 7,791,410
GOVERNANCE
CORPORATE
1,034,849 1,152,980 - 371,771 349,760 750,805 998,950
- - - - - - -
9,344,277 16,474,898 475,624 7,375,655 173,831 10,011,428 17,585,963
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 307
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OPERATIONAL
REVIEW
30 September 2023
Outstanding Value Based on Remaining Period
No ASF Component (In Million Rupiah)
≥6 months - 1
No Period <6 months
year
27 Physical commodities that are traded, including gold -
28 Cash, securities and other assets recorded as initial margin - -
for derivative contracts and cash or other assets submitted
as default funds to the central counterparty (CCP)
29 NSFR derivative assets - 55,924
30 NSFR derivative liabilities before deduction with variation - 71,069
margin
31 All other assets that are not included in the above 509,239 6,833,720 102,144
categories
32 Off Balance Sheet 83,153,653 2,895,140
33 Total RSF
34 Net Stable Funding Ratio (%)
Consolidated Analysis
The Net Stable Funding Ratio (NSFR) of Danamon in December 2023 for Danamon’s consolidated position was 120.86%, a decrease compared
to the position in September 2023 of 122.09%. Overall, during Quarter IV/2023, Danamon’s consolidated NSFR was always above the OJK
requirement of a minimum of 100%.
Danamon’s consolidated Total Available Stable Fund (ASF) for the position in December 2023 is Rp153.13 trillion (weighted value) with the largest
component coming from deposits originating from individual customers and funding originating from micro and small business customers
amounting to Rp62.45 Trillion (weighted value) and Capital of Rp50.97 Trillion (weighted value).
Compared to the position in September 2023, total ASF has increased by Rp6.32 trillion (weighted value) mainly due to an increase in funding
originating from corporate customers of Rp5.33 trillion (weighted value) and capital of Rp1.14 trillion (weighted value). weighted value).
Danamon’s total Required Stable Fund (RSF) on a consolidated basis is Rp126.70 Trillion (weighted value) with the largest component coming from
loans in the Current and Special Mention category (performing) and non-default securities amounting to Rp106 .71 trillion (weighted value) and
other assets of Rp17.59 trillion (weighted value).
c. Maximum Cumulative Outflow (MCO)
MCO measures forecast the liquidity profiles of Danamon under defined scenarios with specified survival horizons
and calibrated assumptions.
For assessing liquidity adequacy, liquidity profiles are forecast at specified tenor buckets on a cumulative basis.
To remain solvent, Danamon needs to ensure that either a positive cash flow is maintained in each maturity
bucket or sufficient cash can be generated from a source of funding to satisfy the funding requirements on a daily
basis.
308 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 311
HIGHLIGHTS
FINANCIAL
(in million Rupiah)
31 December 2023
Outstanding Value Based on Remaining Period
Total (In Million Rupiah) Total
Weighted Weighted
≥6 months - 1
MANAGEMENT REPORT
≥1 year Value No Period <6 months ≥1 year Value
year
- - -
- - - - - -
- 55,924 (0) - 1,006 1,006
- 71,069 - 58,044 - 58,044
9,344,277 16,347,905 475,624 7,375,655 115,786 10,010,422 17,526,912
COMPANY PROFILE
737,600 418,739 94,376,509 3,687,026 600,481 495,172
120,243,179 126,700,063
122.09% 120.86%
Consolidated Analysis
Compared to the position in September 2023, the consolidated total RSF has increased by Rp6.46 Trillion (weighted value) mainly due to an increase
in Current and Special Mention Loans (performing) and non-default securities of Rp5.17 Trillion (weighted value) & Other Assets of Rp1.11 Trillion
DISCUSSION & ANALYSIS
(weighted value).
As of December 2023, Danamon does not have interdependent assets or liabilities.
MANAGEMENT
The implementation of Danamon liquidity management in accordance with what we have reported in the liquidity risk profile, includes the following:
1. In terms of risk management, the BOC and BOD have awareness of liquidity management risk and is represented through the ALCO (Asset and
Liability Committee) and ROC (Risk Oversight Committee) with clear and independent duties and responsibilities.
2. In terms of risk management, Danamon has a contingency funding plan (CFP), monitoring and reporting of liquidity limits through ALCO and
ROC, managing positions and liquidity risk, as well as funding strategies and policies / procedures as well as monitoring liquidity risk limits and
reviewed regularly.
3. Danamon has and implements a liquidity risk management process, independent human resources and a liquidity management information
system.
4. Danamon has a sufficient risk control system through a risk management unit and a compliance unit that is independent from the operational
unit and Line of Business.
OPERATIONAL REVIEW
Scenarios are crafted to set the underlying market and bank-specific conditions and severity on which
the cashflow profile are forecast in assessing liquidity adequacy. The scenarios used for liquidity risk
management are:
• Baseline atau Business as Usual (BAU)
• General Market Stress Test or Systemic Problem
• Bank Specific Crisis or Name Problem
d. Large Fund Provider (LFP)
As explained in the previous section, as part of funding strategy, Danamon monitors the concentration of
GOVERNANCE
funding towards large funding providers (LFP). In general, this monitoring aims to limit dependence on certain
CORPORATE
funding providers, which could otherwise cause problems with Danamon’s liquidity position in the event of large
withdrawals of funds.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 309
Page 312
OPERATIONAL
REVIEW
TABLE 33. ENCUMBRANCE (ENC)
(in million Rupiah)
a b c d
Assets held or agreed
Encumbered with the central bank Unencumbered
Total
Assets but not yet used to Assets
generate liquidity
Cash and Cash Equivalent - - 2,233,846 2,233,846
Part of the placement with Bank Indonesia - 5,034,595 9,684,900 14,719,494
that can be withdrawn during stress
Securities issued by the Central - 5,756,220 13,423,832 19,180,052
Government and Bank Indonesia in Rupiah
and foreign currencies
Securities in the form of debt securities - - 176,684 176,684
issued by non-financial corporations that
meet the criteria of Article 11 paragraph
(1) letter b POJK No 42/POJK.03/2015
regarding LCR
Securities in the form of debt securities - - - -
issued by corporations that meet the
criteria of Article 12 paragraph (1) letter b
POJK No 42/POJK.03/2015 regarding LCR
Qualitative Analysis
At the end of December 2023, Danamon did not have assets classified as encumbered assets, but had assets that were kept or
agreed with the central bank but had not yet been used to generate liquidity, in the form of Rupiah and foreign currency statutory
reserves of Rp5.03 Tn and the Macroprudential Liquidity Buffer (PLM) of Rp5.76 Tn.
Overall, Danamon has assets that qualify as HQLA of Rp36.31 Tn, which is dominated by Securities issued by the Central
Government and Bank Indonesia.
Contingency Funding Plan
An event of liquidity stress is an emergency situation with the potential to have a substantial impact on the Bank’s
liquidity position. To anticipate a liquidity crisis, Danamon maintains a Contingency Funding Plan (CFP), which formally
establishes strategies to face a liquidity crisis and procedures to compensate for cash-flow deficits during emergency
situations. A CFP should comprehensively describe contingency management strategies, escalation procedures, and
responsibilities for addressing liquidity stress.
With regards to the CFP, there are indicators that represent external factors (market Indicators) and internal factors,
namely CFP Monitoring, with the following indicator details:
Internal Indicators Market Indicators
• Rasio Intermediasi Makroprudensial • Rupiah exchange rate against the US dollar
• Liquidity Coverage Rasio • Inflation rate
• Stress Test Maximum Cummulative Outflow • Trade Balance
• Credit Rating
• Rate of return of Government Bonds
310 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 313
HIGHLIGHTS
FINANCIAL
4. Operational Risk • Meanwhile, the Internal Auditor (SKAI)
The definition of operational risk is specified in OJK independently performs the role as third
Regulation No. 18/POJK.03/2016. Operational risk line of defense to identify any weaknesses
is a loss arising from the inadequacy or failure of found in operational risk management and
internal processes, human error, system failure, or assesses whether the implementation of
MANAGEMENT REPORT
a problem caused by an external event, which affect operational risk management has been in
the Bank’s operational activities. line with regulations.
• The BOD and BOC are responsible for
Danamon’s approach to operational risk overseeing the effectiveness of the overall
management is to define the best mitigation strategy implementation of the operational risk
to get an optimum balance between operational risk management framework.
exposure, the effectiveness of control mechanisms,
and to create a risk appetite as a Danamon strategy b. Operational Risk Management
by consistent implementation of an Operational The operational risk management framework of
Risk Management (ORM) framework. Danamon and subsidiary is implemented in an
COMPANY PROFILE
integrated manner, the process of which consists
Major components of the Operational Risk of identifying, assessing/measuring, monitoring,
Management Framework that are consistently and controlling risk.
applied are:
The process involves:
a. Three Lines of Defense 1. Risk identification, which is used to identify
In the implementation of the ORM framework, and analyse inherent risks in new products,
the Three Lines of Defense concept is applied, as services, and processes, as well as to
elaborated below: ensure adequate preventive control over all
DISCUSSION & ANALYSIS
• Line of business and supporting units as the processes.
executors of the risk management process,
MANAGEMENT
ORM at the Line of Business and Support 2. Risk assessment at the operating unit level is
Functions, and Internal Control functions supported by the Risk/Loss Event Database (R/
in each Risk-Taking Unit act as the first line LED), Self-Raise, Risk Control Self-Assessment
of defense in the day-to-day execution of (RCSA), and Key Risk Indicators (KRI) to assess
operational risk management. They are Danamon’s risk profile quantitatively and to
responsible for identifying, managing, identify the effectiveness of operational risk
mitigating, and reporting on Operational Risk. management.
OPERATIONAL REVIEW
• The ORM division together with the
Information Risk Management (IRM) Division, The measurement of operational risk uses the
the Compliance Working Unit, and the Legal Standardized Measurement Approach based
Division serve as the second line of defense on OJK Circular Letter No. 6/SEOJK.03/2020.
responsible for overseeing operational risk
management in Danamon. Danamon’s individual and consolidated
• The ORM division is responsible for designing, quantitative operational risk disclosures are
defining, developing, and maintaining illustrated in the following tables.
an overall operational risk framework,
monitoring the implementation of the
GOVERNANCE
framework by the RTU, ensuring adequate
CORPORATE
control over policies and procedures, and
acting as coordinator/facilitator for effective
operational risk management activities.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 311
Page 314
OPERATIONAL
REVIEW
TABLE 34. QUANTITATIVE EXPOSURE OF OPERATIONAL RISKS - BANK ONLY
(in million Rupiah)
December 31, 2023 December 31, 2022
Indicator Internal
Average Gross Average Gross
Approach Loss Capital
Income in the ORRC RWA Income in the RWA
Multiplier Charge
Last 3 Years Last 3 Years
(ILM)
(1) (2) (3) (4) (5) (6) (7) (8)
Basic Indicator 820,489 1 820,489 10,256,117 11,565,545 1,734,832 21,685,397
Approach
TABLE 34. QUANTITATIVE EXPOSURE OF OPERATIONAL RISKS - BANK CONSOLIDATED WITH SUBSIDIARY
(in million Rupiah)
December 31, 2023 December 31, 2022
Indicator Internal
Average Gross Average Gross
Approach Loss Capital
Income in the ORRC RWA Income in the RWA
Multiplier Charge
Last 3 Years Last 3 Years
(ILM)
(1) (2) (3) (4) (5) (6) (7) (8)
Basic Indicator 945,266 1 945,266 11,815,822 17,508,460 2,626,269 32,828,362
Approach
3. Operational risk is monitored through periodic In addition, one of the primary mitigations
reports preparation to management by the Risk of operational risks is the implementation
Management Committee to identify emerging of comprehensively coordinated insurance
issues related to weaknesses or failures in the through maximum insurance policy coverage
implementation of control functions. of Danamon’s operational risk exposure.
As part of Danamon’s efforts to improve the 4. Risk control is conducted by ensuring operational
monitoring of operational risk, the following are policy and control adequacy in all operational
some of the efforts that have been implemented procedures to mitigate operational risks.
and will continue to be improved upon:
• Expansion of the scope of recording, analysis, Insurance Management implementation is
and risk events reports in more details to done as a major operational risk mitigation
ascertain the position of the Bank concerning effort and is conducted in a well-coordinated
existing problems related to operational manner to ensure an optimum balance between
risks. operational risk exposures, effectiveness of
• Development of an Operational Risk control mechanisms, insurance coverage,
Management System (ORMS) application to premium expenses, and Danamon’s risk
improve the effectiveness of operational risk appetite.
management.
• Effectiveness of ORM tools, such as Risk/Loss One controlling function is the implementation
Event Database, Self-Raise, Risk Control Self- of Quality Assurance/Internal Control in
Assessment, and Key Risk Indicators used to each unit at Danamon, which refers to the
identify operational risks and take preventive general practices in the industry, application
measures. of quantitative measurements of Bank-wide
control effectiveness, and cross-validation with
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a control mechanism conducted by independent • Risk assessment at the information
parties (SKAI/Internal Audit). The focus of QA for technology operating unit level, which is
this year and the years to come is to enhance supported by the Risk/Loss Event Database
QA inspection methods, develop an integrated, (R/LED), Risk Control Self-Assessment (RCSA),
effective, measurable, and informative QA and Key Risk Indicators (KRI), to assess the
MANAGEMENT REPORT
application system, which will be implemented Bank’s risk profile related to information
across the QA Units in Danamon and its technology.
subsidiary.
Nevertheless, specific process implementation
c. Supporting Infrastructure of risk management related to the use of
The implementation of the comprehensive information technology refers to the frameworks
operational risk management process is under the Information Technology Risk
supported by the ORMS (Operational Risk Management Policy.
Management System), an internally designed
real-time online tool. e. Information Security Management
COMPANY PROFILE
The developed Information Security Policy
The ORMS strengthens the capture, analysis, and and Operational Term Framework (“Kerangka
reporting of operational risk data by enabling Acuan Operasional”) provide the minimum
risk identification, assessment/measurement, requirements for the implementation of
monitoring, and control/mitigation, which is Information Security at Danamon, which all
conducted in an integrated manner, thereby employees (both permanent and contract) must
enhancing the effectiveness of operational risk comply with, including third parties who work
management at Danamon. and gain access to Danamon’s information.
DISCUSSION & ANALYSIS
To increase awareness regarding operational The Information Security Policy was developed
risks, training media has been developed in the by adopting international standards that
MANAGEMENT
form of e-learning. This e-learning has been, regulate Information Security, i.e. ISO 27001.
and is still being implemented at all levels of Additionally, it also takes Indonesian laws and
Danamon management and employees. regulations into consideration.
d. Technology Risk Management The key to success in implementing the aspects
Risks generated by the extensive use of of Information Security as governed by the
Information Technology systems in supporting Information Security Policy is the awareness,
OPERATIONAL REVIEW
the business processes are identified as a subset culture, commitment, and collective efforts of
of the operational risks in the Enterprise Risk all lines of business and support functions at
Management framework. Danamon, starting from the employee level up
to the senior management level.
As such, in managing the technology related
risk, in general, the implementation refers to To increase Information Security awareness,
the bank-wide agreed process related to the risk as mentioned above, we have performed the
management cycle, which is governed by the following:
Operational Risk Management Policy, including: • Development of educational material as part
• Risk identification, which is used to identify of online training (e-learning) for all Danamon
GOVERNANCE
and analyse inherent risks in the use of employees.
CORPORATE
information technology to support any new • Delivering a sharing session to lines of
products, services, and processes, as well as business or support functions that need it.
to ensure adequate preventive controls over • Providing educational material and practical
all processes. tips related to Information Security through
all available communication channels.
• Conducting a Cyber Security Risk Awareness
Session for senior management.
CORPORATE DATA
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As part of the Information Security Policy The Business Continuity Management policy is
implementation, the Information Risk Assurance managed by the Operational Risk Management,
Unit also provides support to the Digital Risk Fraud, and QA – Risk Management Division,
Advisory and Technology Risk Methodology and its implementation is managed by the
Unit in performing the risk assessment, from Sustainability Finance Division.
the Information Security perspective, on Bank’s
products and services, which is supported g. Fraud
by Information Technology. The role of the Danamon mitigates and manages risks arising
Information Risk Assurance Unit in this activity from fraud based on the framework of the anti-
is to identify vulnerabilities and threats to the fraud strategy as set forth in the “Anti-Fraud
information used by the Bank to achieve its Management Policy and Framework”, which has
business objectives, and to provide guidance been implemented nationally in Danamon and
on the necessary measures to mitigate the risks its subsidiary. These policies and strategies are
identified, if any, based on the value arising from in line with POJK No. 39/POJK.03/2019 regarding
the classification of such information. the implementation of anti-fraud strategies
for commercial banks, which Danamon has
f. Business Continuity Management (BCM) reported to the OJK every half year.
BCM was developed to improve Danamon’s
resilience and establish preventive measures Danamon has consistently implemented the
to respond to all incidents that may disrupt the four pillars of the fraud control strategies, which
continuity of the Bank’s activities, regardless of consist of prevention, detection, investigation,
the causes. This includes risks classified as low reporting and sanctions, and monitoring,
probability-high impact in order to safeguard evaluation, and follow-up.
the stakeholders’ interests, reputation, brand,
and valuable business activities, as well as to Danamon has implemented this strategy with
increase Danamon’s resilience. The management various initiatives by involving employees and
and implementation of BCM in Danamon does systems, including continuous improvement of
not only focus on handling disturbances such internal controls effectiveness, active supervision
as natural disasters, but also focuses on and by management, as well as culture development
cover deviations that might threaten Danamon’s and concern for anti-fraud across all levels of
operational strategic plans. Danamon’s organization.
INVESTIGATION MONITORING,
PREVENTION DETECTION REPORTING, & EVALUATION, &
SANCTION FOLLOW UP
Fraud can affect any part of an instituation and the Bank needs to remain vigilant and put more
emphasis on internal control and risk management
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5. Legal Risk c. Legal Risk Management and Control
Legal risk is risk caused by lawsuits and/ Mechanism
or weaknesses of juridical aspects. Legal Legal Risk Management is conducted through a
risk occurs due to, among others, litigation process of identification, assessment, monitoring,
factors, absence of supporting statutory and risk control, as well as through management
MANAGEMENT REPORT
regulations factors, or weaknesses in contract information system. In the identification
execution factors, such as unfulfillment of validity process, all lines of business, support functions,
conditions of contractor unperfect execution and Subsidiary are required to identify, and
process of collateral documents. Legal risk is one analyse factors that can lead to the occurrence
of the important aspect because Financial Services of legal risks in the lines of business, products,
Authority (OJK) may issue an order to stop Danamon processes, and information technology that
and/or its Subsidiary’ products in the event that the have an impact on Danamon’s financial position
implementation of Danamon and/or its Subsidiary’ and reputation. Risk identification also includes
products is assessed or has the potential to legal risks assessments arising from operational
significantly increase legal risk due to complaints or activities/products/agreements, and inherent
COMPANY PROFILE
demands from customers. risks with the purpose of:
• Protecting the interest of Danamon and/or
Along with the increasing scope of Danamon its Subsidiary, individually or consolidated,
and/or its Subsidiary’ business and dynamic and
product development, as influenced by many • Having legal rights that can be implemented
factors, the level of legal risk needs to be properly according to prevailing laws and regulations.
managed. Basically, the main objective of legal risk
management implementation is to ensure that In assessing the inherent risk of legal risk, the
the risk management process can minimize the following parameters/indicators are used:
DISCUSSION & ANALYSIS
possibility of negative impacts of juridical weakness, • Litigation factors.
absence and/or amendments of laws and litigation • Weaknesses in legal binding factors.
MANAGEMENT
processes in the activities of Danamon and/or its • Absence/changes in laws and regulations
Subsidiary. factors.
a. Danamon Legal Risk Management In relation to the implementation of legal risk
Organization management, Danamon has implemented the
Legal risk in Danamon is managed by a team following:
coordinated by the Legal Division and chaired by • Implementation of legal risk monitoring by
OPERATIONAL REVIEW
the Head of Legal Counsel. In the implementation Danamon Senior Management (especially for
of legal risk management, the legal risk high-risk legal cases).
management team under the Legal Division • Development of Legal Term Framework and
cooperates with the relevant working units, Standard Operation Procedure (SOP) for Legal
namely the Service Excellent & Customer Care Risk Management Implementation, which
Division, Industrial Relation Division, Consumer regulates the identification and mapping of
Collection Division, and Remedial Division. legal risks, including the mitigation and matrix
parameters for the inherent risk and quality
b. Legal Risk Management Policies and of legal risk management implementation.
Procedures
GOVERNANCE
Danamon has already established a Legal The implementation of a comprehensive legal
CORPORATE
Term Framework and Standard Operation risk management process with the monitoring
Procedure (SOP) of Legal Risk Management of legal risks is expected to be consistent, with
Implementation, which are evaluated active participation of all concerned parties.
periodically based on the Danamon’s internal/ With the Legal Division as the division in charge,
external development, as well as by changes in the existing legal risks are expected not to
the applicable laws and comply with regulations exceed the risk appetite previously determined
of the Financial Services Authority (OJK) and its by Danamon management. To ensure the
implementation regulations in accordance with improvement quality of legal risk management,
CORPORATE DATA
risk management.
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Danamon regularly provides legal training/ Danamon and its subsidiary manage strategic
socialization for employees. risk by monitoring the inherent strategic risk, as
well as the quality of strategic risk management.
6. Strategic Risk The parameters used in assessing inherent
Weaknesses or inaccuracies in strategy formulation, strategic risk are as follows:
as well as failure to anticipate changes in the business • The impact of external risk factors, including
environment could cause strategic risk. Strategic macroeconomic conditions, regulations,
risk management is intended to address a variety of technology, target customers, competition,
risks due to inadequate strategy establishment and as well as the Bank’s, and its subsidiary’
implementation. positioning in the banking/financial services
industry.
a. Strategic Risk Management Organization • The impact of internal risk factors, including
The Strategic Risk Unit plays a role in managing the alignment of business strategy, business
strategic risk and is under active supervision model and strategic focus, effective
of the BOC and BOD. Danamon’s Strategic organizational structure, adequacy and
Risk working unit covers all line of business quality of human resources, technology, and
and support functions which work closely with operational efficiency.
Financial Planning Division of the CFO Directorate • Strategy implementation monitoring,
to analyse and monitor strategic risk. including the results of strategy
implementation, successful implementation
b. Strategic Risk Management of strategic projects, and the impact of
The implementation of strategic risk strategic decisions.
management is done through active supervision
of the BOC and BOD. The BOC is responsible for Furthermore, several factors are considered
directing and approving bank’s business plans in order to assess the quality of strategic risk
and strategic plans. management:
• Risk Governance, including risk preference,
While the BOD is responsible for: risk tolerance, and active supervision by the
• Preparing business plans and strategic plans. BOC and BOD.
• Ensuring that strategic objectives are already • Risk management framework, including the
in line with mission, visions, culture, business adequacy of organizational structure, policy,
directions, and risk tolerance. and procedure.
• Approving any amendment of strategic plan • Risk management process, human resources,
and conducting reviews of the suitability of and management information systems,
strategic plan periodically. including the process of identification,
• Ensuring that the condition, managerial measurement, management information
competency, as well as control system and system and risk control, as well as the
mechanism are adequate to support the number and quality of human resources to
implementation of defined strategy. support risk management.
• Monitoring the development of internal and • Risk control systems, including the adequacy
external conditions which affect defined of internal control systems, and the
business strategy. adequacy of reviews by independent parties
• Defining working units/functions which are in Danamon and its subsidiary.
responsible and authorized to formulate and
monitor the implementation of strategies, c. Inherent Strategic Risk
including strategic, and business plans. Danamon and its subsidiary have managed
• Ensuring that strategic risk management inherent strategic risk well. In principle, Danamon
has been implemented effectively and and its subsidiary have a clear and well-defined
consistently. vision and mission with clear and measurable
achievement steps. Danamon’s aspiration is to
become a leading financial group in lending and
funding with sustainable profitability.
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Danamon and its subsidiary anticipate more goods financing, and sustainable financing
intensified competitive and diverse business while maintaining prudent principle in terms of
competition by providing maximum service lending and customer selection criteria.
to existing customers and potential new
customers. To support the strategic initiatives, Economic factors still affect the achievement of
MANAGEMENT REPORT
Danamon and its subsidiary will continue to the Danamon and its subsidiary’ strategic plans.
improve collaboration with MUFG and other Danamon and its subsidiary continue to monitor
related entities within the group. Furthermore, several indicators such as inflation rates, interest
Danamon and its subsidiary will continue to rates, fluctuation in the Rupiah exchange rate,
improve human resource capabilities, optimize market conditions business competition, and
banking service through branch network actively adapting several activities and strategies,
transformation, digital development, and invest such as cross-selling, establishing lending/
in operational process improvement. financing segments, innovating in products and
mechanisms serve customers and focus on
Geopolitical dynamics over the past few maintaining good asset quality. Danamon and
COMPANY PROFILE
years impacted the global situation, including its subsidiary will remain selective and prudent
Indonesia. COVID-19 pandemic and conflict in providing loan and maintaining asset quality.
between Russia and Ukraine worsened global
supply chain disruptions and pushed up energy Despite the rapid digitalization development
and non-energy commodity prices. These in banking industry, the Bank still considers
geopolitical dynamics have led to a significant the importance of having physical branch for
increase in global inflation, even reaching double customers, especially for the affluent segment.
digits for some countries. In response to high The Bank has aspirations to transform branch
inflation, central banks around the world have offices by combining the physical branches
DISCUSSION & ANALYSIS
raised their benchmark interest rates. The global experience with digital, in order to improve
interest rate hike was started by the Fed, which branch capabilities in providing financial
MANAGEMENT
has been aggressively increasing the Federal solutions to customers. The Bank will also
Funds Rate since March 2022. continue to maintain distribution network
efficiency ratio.
The dynamics of the global economy also affect
the national economy. Taking into account the Danamon and its subsidiary always strive to
development of the exchange rate and inflation, improve employee and leadership capabilities
Bank Indonesia increased the benchmark through various training and development
OPERATIONAL REVIEW
interest rate since August 2022 as a pre-emptive programs designed to improve professional
and forward-looking measure by Bank Indonesia skills in their fields as well as managerial
to bring inflation back within Bank Indonesia’s and leadership abilities. The Bank continues
target range. Despite global economic volatility, management trainee program as the Danamon
domestic economic growth remains positive, Bankers Trainee (DBT), develops Danamon
supported by controlled inflation, a surplus in Technology Trainee (DTT) program related to
non-oil and gas trade, and improved consumer digitalization, and develops Danamon Banking
purchasing power. Officer (DBO) program in order to fulfill strong
and competitive sales force needs. Danamon
Credit growth shows a positive trend until the and its subsidiary also optimize the use of HR
GOVERNANCE
end of 2023. Through collaboration with MUFG, management information system through
CORPORATE
Danamon and its subsidiary will continue to continuous improvements and developments.
increase its market share in the Enterprise This provides a reference for management to set
Banking segment, continuing the growth of small employee management strategies and policies.
and medium loans (SME), trade finance, auto
financing, supply chain financing, household
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d. Strategic Risk Management Implementation a. Compliance Risk Management Organization
Quality The Compliance Work Unit [SKK] which consists
The implementation of risk management has of the Regulatory Compliance & Advisory Division
been accomplished with satisfactory rating. and the Regulatory Compliance & Assurance
Nevertheless, Danamon and its subsidiary Division is a working unit that runs compliance
continue to improve upon it. The formulation functions to monitor Danamon’s compliance
of an acceptable level of risk (risk appetite) is risks individually, in consolidated manner with
sufficient in the form of limits, policies, and subsidiary, and in an integrated manner under
procedures for risky processes. Risk managers the MUFG Group Financial Conglomeration.
in each division and subsidiary are in placed to
support the implementation of the business Danamon has a Compliance Director who has
strategies that have been formulated. met the prerequisite for independency and is
currently does not hold any multiple position that
Danamon and its subsidiary continue to monitor considered unlawful according to the regulation.
various relevant strategic risk elements and The Compliance Director has an important role
regularly update the mitigation action plan in in risk management and responsible for the
response to dynamic business environment. implementation of the compliance function at
Danamon.
7. Compliance Risk
Compliance risk is the risk that may arise due to The following functions are a series of preventive
Danamon’s failure to comply with and/or not to (ex-ante) actions or steps to ensure that the
implement the provisions of laws and regulations, policies, provisions, systems, procedures and
including the Sharia Principles for sharia business business activities carried out by Danamon
units. remain in compliance with the provisions
of the Financial Services Authority and the
Compliance risk in general can result from, provisions of statutory regulations including
among other things, (i) legal behaviour, namely the sharia principles for Sharia Business Units.
the behaviour or activities of Danamon breach The work unit that carries out the compliance
or in violation of the provisions and/or laws and function also ensures Danamon’s compliance
regulations, and (ii) organizational behaviour, with all commitments made by Danamon to
namely the behaviour or activities of Danamon are the Financial Services Authority and/or other
in violation of generally accepted standards. competent supervisory authorities.
Danamon implements compliance risk management The BOD plays an active role in nurturing and
to minimize the possible negative impacts of Bank realizing compliance culture at all levels of
behaviour that breach or are in violation of generally Danamon’s organization and business activities.
accepted standards, provisions, and/or laws and Organizational risk management includes active
regulations as early as possible. oversight if the BOD and BOC. To support this
oversight function, Danamon has set up a Risk
Implementation of Risk Management for compliance Management Committee at the BOD level and a
risk is adjusted to the size and complexity of Risk Oversight Committee at the BOC level.
Danamon’s business.
The BOC, through the Risk Oversight Committee,
In implementing compliance risk management, oversees risk management policies and
Danamon not only monitors its compliance implementation, including the implementation
risk individually but also its compliance risk in a of compliance functions in managing the
consolidated manner with subsidiary. With the compliance risk. The BOC periodically submits
appointment of Danamon as the main entity of the evaluation results and suggestions for for
MUFG Group Financial Conglomeration, Danamon compliance function quality improvement to
also monitors compliance risk in an integrated the President Director and the Director who
manner within the MUFG Group Financial responsible in with implementing compliance
Conglomeration. function.
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b. Compliance Risk Management Policy and 8. Reputation Risk
Strategy Reputation risk is a risk due to decrease in
Danamon has an Integrated Risk Management stakeholder’s level of confidence that comes from
Policy and Bank Compliance Framework as negative perception of the Bank, triggered by a
a reference for managing compliance risk. variety of undesirable events, such as negative
MANAGEMENT REPORT
Compliance risk management is carried out publicity on the Bank’s operations, a violation of
on matters that can increase compliance risk business ethics, customer complaints, governance
exposure that may cause both financial and non- weakness, corporate culture and other events that
financial sanctions. may impair the Bank’s reputation.
The Compliance Risk Management Strategy a. Reputation Risk Management Organization
executed by the SKK includes creating a gap Danamon’s reputation risk is managed by
analysis between Danamon’s internal policies the Corporate Secretary Working Unit, which
and regulatory provisions. In cases where there coordinates with units that handle customer
is a gap, the SKK ensures it has an action plan complaints, finance units, treasury units, and
COMPANY PROFILE
and monitors how the action plan is executed units that handle corporate communications.
to settle the gap. SKK ensures the availability
of adequate risk mitigation tool and carried out Consolidated reputation risk is managed
compliance review on Danamon’ internal policies through collaboration with the risk teams from
to ensure regulatory adequacy with continuous the subsidiary.
updates. Apart from that, the SKK also conducts
review on the provision of funds with certain b. Policy and Mechanism of Reputation Risk
limits. Management
The policy and mechanism of reputation risk
DISCUSSION & ANALYSIS
c. Compliance Risk Management management refer to regulations that focus on
Implementation Process the following:
MANAGEMENT
The implementation of compliance risk • Negative news related to the owner of
management is carried out through the entire Danamon and/or companies related to
process of identifying, measuring, monitoring Danamon.
and controlling compliance risk. With regards • Violation of common practices of business
to compliance risk monitoring and control, the ethics/norms.
SKK has an application system that can give • The amount and level of customer usage
periodic notifications to relevant work units of Danamon’s complex products and the
OPERATIONAL REVIEW
related to the fulfillment of commitments and amount and materiality of Danamon’s
the delivery of periodic reports to relevant cooperation with its business partners.
regulators. Apart from that, the SKK also has a • Frequency, types of media, and materiality of
Risk Appetite Statement (RAS) for both Danamon negative publicity of Danamon.
as an individual entity and subsidiary. The • Frequency and materiality of customer
SKK regularly monitors between RAS and its complaints.
realization. Should there be any exception to the
RAS, the SKK will ensure that mitigation measure Danamon always strives to implement high
is adequate with proper follow-ups. standards of reputation risk management
through continuous improvement and updates
GOVERNANCE
of governance, policies, appropriate procedures,
CORPORATE
utilization of improved information systems,
and continuous improvement of the quality of
human resources.
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c. Risk Management During Crisis Danamon’s Sharia Business Unit (UUS) has a working
Danamon has already established policies unit responsible for analysing reports containing
and procedures for handling risk reputation actual the realization with the business targets.
management in a crisis. Danamon maintains adequate infrastructure to
monitor the business performance and operations
9. Investment Risk of those financed by the Bank, or who are regarded
Investment Risk (Equity Investment Risk) arises as partners.
because the Bank also bears the loss of customer
business financed under a profit-loss sharing basis Investment Risk Mitigation
agreement (for example mudharabah, musyarakah, The periodic monitoring of risks taken in accordance
musyarakah mutanaqishah or MMQ). This risk with risk appetite and business performance
arises from the Bank’s financing activities that use remains within the desired limits.
mudharabah and musyarakah contracts.
To prevent any breach on the part of customers
Financing based on a mudharabah contract takes and as collateral for Danamon if customers should
the form of business cooperation between the Bank, make intentional mistakes, be negligent, or violate
which provides all the capital, and the customer, agreements, Danamon requests collateral from
who acts as fund manager, by sharing in the profits customers who are financed. Collateral type and
of the business, based on the contract agreement, collateral assessment follow the prevailing collateral
while the loss will be fully borne by the Bank policies that applied in financing business in general.
unless the customer is proven to have committed
wilful misconduct, is negligent, or has violated the 10. Rate of Return Risk
agreement. Rate of Return Risk arises from changes in the level
of return rates paid by the Bank to a customer, due
Financing based on a musyarakah contract takes to changes in returns received by the Bank and/or
the form of cooperation between the Bank and its from the financing, which can affect the behaviour
customers for a certain business, in which each of funding a third-party customer of the Bank. Rate
party invests a certain portion of funds, under the of Return Risk Management also applies to the
provision that the profits will be shared based on an Sharia Business Unit (UUS). The process of Return
agreement, while any loss will be borne by all parties, of Risk Management refers to the provisions of the
according to the respective funding proportions. OJK.
Musyarakah mutanaqisah or MMQ is musyarakah Rate of Return Risk Mitigation
or syirkah, where the ownership of assets (goods) Monitor the returns of the Bank every month
or capital of one syarik (bank) is reduced because of compared with the returns of other banks and
gradual purchases by other parties (customers). maintain the composition of the source of funding
from third-party funds with low yields.
Organization and Policy of Investment Risk
Management
Investment risk organization and policy is the same
as Credit Risk Organization, given that both of the
risks arise from financing activities.
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HUMAN CAPITAL
MANAGEMENT
“To align and support the Company’s strategy,
Danamon’s HR management focuses on:
Better Employee Experience, Developing
Future Capabilities and Dynamic Organization
to Increase Productivity, dan Evolving High
Performance Culture.”
In order to better cultivate a High-Performance Culture, 4. Wellness and Wellbeing. Danamon applies a
HR continues to communicate our Employee Value balanced approach towards employee performance
Proposition (EVP) internally. The following are four and welfare which facilitated through activities
values contained in the EVP: under the Danamon Club (D’Club) and many
1. Global Exposure. As part of MUFG, one of the world’s CSR activities with the theme of Sustainability
largest banking businesses, Danamon provides Environment.
opportunity for employees to gain overseas work
exposure through short assignment and employee Recruitment and Selection
exchange within MUFG Group companies Danamon prefers internal hires in the form of job
2. Rise to Excellence. Danamon encourages employees rotations and assignments, which also contribute further
to continuously improve their performance and to employee learning and development. However,
live an innovative culture through the Danamon to support the growth and business development,
Innovation Race program. Danamon may from time to time have to hire from
3. Own Your Future. Danamon provides employees external candidates through the use of available social
with many opportunities for self-development and media and career site services and artificial intelligence,
career development according to their aspirations including LinkedIn, besides using other sourcing
and potential, including educational programs for strategies such as referrals, campus hiring, virtual
fresh graduates through various management career fairs and other means of recruitment.
trainee programs to build talent for long-term
needs. On top of the Danamon Bankers Trainee Other than that, Danamon continues to collaborate,
(DBT) which has entered its 19th batch, Danamon cooperate, support career sponsorship and webinars
also developing specialized programs based on with prominent universities and organizational
sectors, such as Danamon Technology Trainee (DTT) communities. Danamon also provides internship
in IT, Danamon Banking Officer (DBO) in Sales, and opportunities for final semester college students, for
Danamon SME Trainee (DST) in the SME segment. example through the Kampus Merdeka Program that
aims to prepare them for the real work environment.
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Competency Training and Development HR Management Information System
Danamon continuously innovating in training and The year 2023 marked the various improvements in the
development programs to improve employees’ capabilities of Danamon’s HR management information
competences. As many as 892 training programs system with various upgrades of capabilities that are
were organized on soft skills and technical skills more automation in nature and are the forerunners for
MANAGEMENT REPORT
developments, engaging 123,443 participants with an the application of artificial intelligence (AI) in the future.
average total learning hours of 52.86 Hours/Employee. We refer this feature as Danamon Virtual Employee
Danamon has maximized digital technology for all Assistance (Denva) which could automatically answer
training modules stored in the Learning Management questions from employees regarding Human Capital
System (LMS), in addition to various digital learning policies and products.
platforms such as Smart Library, LinkedIn Learning,
and other digital learning platforms. Furthermore, Danamon has improved Denva’s
capabilities whereby it can help employees in drafting
Danamon is committed in developing employees various reference letters; for instance, request for
through a comprehensive leadership training program, company reference letters, which typically required by
COMPANY PROFILE
combining leader competencies and corporate values. employees to apply for personal loans, can be done
This program is known as Danamon Leadership automatically in this application. Another feature of
Academy (DLA) which is provided for 3 leadership this system is that it helps Danamon to create and send
layers, from First Line Manager, Middle Manager, to certificates of work appointments automatically to
Senior Manager. employees who have completed their probation period
as opposed to the previous process where everything
To increase the competence of its sales team, Danamon was done manually.
has conducted Upskilling Credit Skill (Financial
Statement Analysis) and Advisory Camp Program for Danamon has further expanded its personnel
DISCUSSION & ANALYSIS
Branch Managers. management system to include employee education
and communication media. The front page of this
MANAGEMENT
Talent Management and Worker Career system resembles a news portal where employees
Development will be directed to various educative and informative
To ensure the availability and readiness of future articles once they log in the system. Moreover, its
leaders, especially in strategic positions, Danamon function as collaboration platform has also been
carries out a talent identification process based on enhanced. Through this system, each work unit is
two criteria: performance and potential. Furthermore, expected to optimize its own collaboration area to
talent review and calibration are carried out to manage share various materials such as policies, SOPs or
OPERATIONAL REVIEW
the best talents within the Company so they could be learning materials specific to the respective work unit.
developed according to their respective potentials and This collaborative function can support specific learning
the aligning to the Company’s needs. The objective and communication needs in each work unit.
of this process is to increase employee engagement
level collectively, within both their division and
Danamon level. This process also involves succession
planning to ensure that the Company can maintain the
sustainability of both its business and operations by
preparing a talent pool of leadership candidates who
have the future leaders’ skills that are in line with the
GOVERNANCE
Company’s strategy.
CORPORATE
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Industrial Relations Human Capital Strategy and Work Plan 2024
To strengthen ties between employees and In the future, Danamon will continue to develop talents
management, Danamon supports events of employee and exchange talents between the MUFG Group,
gatherings at all work locations through recreational manage productivity through effective performance
activities where employees can meet up face to face. management and increase work discipline in managing
For social activities, Karyawan Danamon Peduli (KDP) labor costs through careful calculations and planning,
run programs to help their fellow employees who are as well as maintaining strong employee engagement.
going through hardships, grief, give medical aid, as well System capabilities will be continuously built to allow
as educational assistance. Danamon analyze various personnel data for more
informed decision making based on reliable data.
Danamon also facilitates employee interest and talent
activities through D’Club. These activities take the form
of routine sports as well as art activities, such as dance
and music. Not only D’Club internal routine activities,
participation in activities organized by the OJK and other
institutions, both government and private, are also
encouraged. D’Club also organizes sports tournaments
in big cities and other activities such as health seminars,
blood donations and bazaars to celebrate Eid al-Fitr
and Christmas.
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CORPORATE DATA OPERATIONAL REVIEW COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE DISCUSSION & ANALYSIS
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INFORMATION
TECHNOLOGY
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“We aspire to become a strategic and trusted
partner to carry out Bank Danamon’s Digital
COMPANY PROFILE
Transformative initiatives through cutting-edge
technology solutions.”
DISCUSSION & ANALYSIS
In 2023, Danamon’s IT focused its development team on an accessible API portal (https://developer.danamon.
MANAGEMENT
delivering several innovations to provide convenience, co.id) to conduct trials and simulations of integrating
reliability and security for our customers, while also banking services within the designated sandbox.
improving the efficiency of the Bank’s operations,
as well as increasing internal productivity. We also D-Bank PRO, as one of the Bank’s focused digital
continued several strategic initiatives commenced in channels to meet customer needs and provide
the previous year and committed to continuing the convenience for customers when conducting end-
development of our digital banking service strategy to-end banking transactions, has been continuously
OPERATIONAL REVIEW
combined with technological innovations to support enhanced to enable customers to have banking
Danamon’s business growth and meet customer needs. services anytime and anywhere through the online
features such as online savings account opening, Valas
2023 INFORMATION TECHNOLOGY Mobile - FX purchase, personal loan registration, and
ACCOMPLISHMENTS opening virtual credit cards with lower limits. Apart
from increasing partnerships with third parties, IT has
TECHNOLOGY INITIATIVES FOR BUSINESS implemented credit card onboarding features using
API services, real time money transfers, and insurance
Throughout 2023, consistent with our commitment features.
to promoting integration, interconnectivity,
GOVERNANCE
interoperability, secure, and reliable payment system Danamon’s Branch of the Future is the customer’s
CORPORATE
infrastructure, we aligned our Open Banking platform destination, specifically for personification of banking
with BI-SNAP (National Open API Payment Standard), services and financial advice on important investment
which is the national open API payment standard decisions. A branch is not just a place for routine
published by Bank Indonesia as part of the Indonesia transactions. In 2022, Danamon transformed two pilot
Payment System Blueprint 2025 (BSPI 2025). To support locations to provide a new branch atmosphere and
domestic business, Danamon has Corporate API digital experience for customers, and it also improved
services and to expand our retail business reach, the the Bank’s capabilities in providing sound financial
Bank also provides retail API Services. For third parties solutions. In 2023, 16 locations were also successfully
CORPORATE DATA
who wish to try the API service, the Bank has prepared transformed and at the same time, self-service
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machines (MFK) were developed to further increase our Danamon recognizes the importance of ensuring
unique value proposition to customers, and the Bank customer data, transactions, and IT services remain
launched ‘Danamon Lebih Pro’, which offers savings secured, and therefore has formed a special team that
products for 9 currencies in 1 account. Transferring only focuses on all activities related to cybersecurity
and receiving funds in multiple currencies can be done including defining cybersecurity strategy, establishing
without the hassle of opening an additional foreign security governance, ensuring secured technical
currency account. development processes, securing privileged user
access, handling and monitoring security trends and
Danamon Cash Connect (DCC), one of Danamon’s incidents.
flagship digital channels for corporations, is constantly
being improved to provide the best proposition for To better compete with peers and the fintech
corporate customers through added features for the industry, Danamon obtained the following ISO 27001
Financial Supply Chain for the Automotive segment and certifications in 2023:
bulk upload for cross border remittance. 1. Data Center Operations
2. Payment systems
In 2023, Danamon successfully completed the
migration of the acquisition of Standard Chartered ISO 27001 certification, which is an international
Indonesia’s conventional retail loan portfolio (Credit standard for information security management
Card, Personal, Mortgage, Auto loan). This is one of the systems that is widely accepted and trusted by
strategic priorities to strengthen Danamon’s Consumer various organizations, plays a key role for Danamon in
Banking business. obtaining benefits such as creating a positive image and
good perception in securing customers and business
To support and improve global environmental partners, governing information security based on
protection, IT has successfully defined the classification applicable national and/or international standards, and
of Green Taxonomy and also supports the commitment conforming to local regulations.
of Indonesia efforts to reduce greenhouse gas
emissions. The development of technology is thriving at a very
fast pace and under this condition, it is important to
TECHNOLOGY REFORMATION INITIATIVES optimize and maintain the agility of the IT team. To
ensure there is always a pool of fresh and innovative
As part of our commitment to deliver the best ideas, as well as to show our commitment to nurturing
technology services to both business units and the next generation of IT Talent, in 2023, the second
customers, technology modernization is kept underway batch of Danamon’s Technology Trainees (DTT) have
as we continue to revitalize, monitor the utilization been successfully recruited and enrolled in designated
and maintain hardware and software capacity trainings and mentorship Program.
appropriately, allowing the IT Infrastructure to quickly
respond to changes, improve resiliency, and support
business growth.
Internally, Danamon continued to renew obsolete
hardware and software, as well as apply in place
automated capabilities to eliminate exploitation risks
related to vulnerabilities in servers, endpoint devices,
network devices, and systems software, as well as
using Robotic Process Automation (RPA) so that
repetitive and rule-based tech operational processes
can run 24 hours a day. The adoption of cloud-based
infrastructure is starting to be used for R&D innovation
and development, which facilitates sandboxing for the
digital development team in developing and testing
digital solutions.
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2024 STRATEGY Danamon believes that data will play a significant role
in contributing intelligent insights to support the Bank’s
CONTINUE TO ENHANCE CYBER SECURITY, business growth; therefore, IT will continue to improve
DIGITAL & DATA CAPABILITIES the data architecture to ensure the Bank has the best
fit platform to produce superior analytics deliverable
MANAGEMENT REPORT
To realize Danamon’s IT vision, the IT development plan quality and performance monitoring by incorporating
in 2024 will refer to the defined IT Strategic plan that artificial intelligence capabilities and forming an internal
supports Danamon’s digital transformation journey. center of excellence (COE) to support the production
Through the ongoing provision of superior technology of data that can be used for more informed business
and operational solutions in service and performance, decision making.
the IT team believes that initiatives can be carried out
through digital innovation to support businesses in In 2024, Danamon will continue their journey to improve
enhancing customer experience, partnerships, financial key capabilities through system modernization, the
supply chains, and sustainable payment ecosystems. adoption of new technology such as Gen AI, cloud
computing, infrastructure resiliency, secured IT
COMPANY PROFILE
Cybersecurity will continue to be the Bank’s focus to operations, and well-governed collaboration.
increase proactive cyber risk management capabilities,
monitor threats, and address vulnerabilities effectively. Enhancing IT in the coming year, should be supported
Danamon is committed to always providing safe by flexible, resilient, reliable, automated and scalable
services for customers. technology infrastructure capabilities. This capability
will involve increasing the IT staff’s capacity, productivity,
In the coming year, IT will continue to increase their and capability with competency-based development
presence in the digital era though the established digital programs.
channels of D-Bank Pro and Danamon Cash Connect
DISCUSSION & ANALYSIS
by modernizing and revamping the existing systems
and technology, which is in line with Danamon’s
MANAGEMENT
commitment to offer unique value for the customer
experience when interacting with the Bank through
self-service devices.
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
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OPERATIONS
“The Operations framework focuses on
improving the infrastructure, process, people,
and procedures.”
Throughout 2023, Danamon’s Operations have 3. Improved bond statement delivery by converting
continuously transformed and innovated to hardcopy statements to become e-statements and
ensure high-quality processes and good corporate automated e-statement generation.
governance. Collaborating with all Danamon’s 4. Conducted periodic reviews and created stronger
stakeholders, Operations has expanded the Bank’s procedures with the addition of flow charts to
market reach through MUFG network, including the improve the clarity of the procedure.
acquisition of retail assets customers of Standard 5. System enhancements to ensure compliance with
Chartered Bank Indonesia. The Operations framework the latest regulations related to payments, which
focuses on improving the infrastructure, process, include BI FAST additional features and MPN G3
people, and procedures. related to tax payments.
6. Development of custodian systems in processing
PERFORMANCE IN 2023 with BI FAST, development of transaction
As strategic and trusted business partner, Operations methods, KYC and merging of statements, account
focuses on quality service to both internal and identification, creation of e-statements, as well as
external customers. Operations continue to optimize development for multi-currency and multi-share
operational processes and resources to deliver better class transactions.
customer experience by improving productivity 7. Created a collateral appraisal workflow system and
through several winning initiatives while maintaining used QR Codes in collateral document safekeeping.
strength in internal control, and in order to be more 8. Internal process improvement in the areas of credit
adaptive in fulfilling the diverse needs of our customers, operations, including credit document handling,
Operations have rolled out process reengineering, stock opname process, cross-regional alignment,
system enhancement, and implementation of digital and legal knowledge upscaling.
infrastructure initiatives. 9. Actively participated in global standard alignment
and knowledge exchange such as ATMR new
Our continuous improvement initiatives in 2023 regulation, SOX implementation, and Indonesia
included: Green Taxonomy Reporting.
1. Supported new products and synergy realization 10. Completion of projects to improve the Regulatory
projects as part of MUFG ecosystem, which includes Reporting process (new or additional regulations),
MUFG investment into ventures, new biller hub covering the Financial Information Service System
collaborations, and loan syndication process (SLIK) and Antasena reporting.
development. 11. Implementation and stabilization of e-stamp duty
2. Created optimum and secure processes through system to monitor stamp duty usage on Treasury
the improvement of service level agreements in the transactions and credit card billing statements.
collateral appraisal and trade operation process,
extending the internal cut-off time for the loan
and trade process, and optimizing the availability
system for loan outgoing transfer, payment process
in Custody Operation, and fund transfer for mutual
fund subscription.
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HIGHLIGHTS
FINANCIAL
Operations team kept on improving the capacity and PLANS FOR THE FUTURE
quality of human resources to be adaptable to the As a working unit responsible for carrying out banking
needs of the current banking industry is implemented transactional processes, Danamon’s Operations
through various initiatives. The following are several continuously strive to improve banking operational
programs carried out throughout 2023: processes that are oriented towards providing the best
MANAGEMENT REPORT
1. Continue implementing employee rotations within service and control over each transaction. Operations
internal groups, including job enlargement as well always align our transformations with Bank Danamon’s
as job re- assignments. strategic initiatives, with the main aspiration of
2. Specialized learning programs and/or certification achieving operational excellence to deliver a better
for related teams, such as risk management, capital Customer Experience.
markets, trade finance, and collateral appraisers.
3. Conducted employee capability development The followings are some of the initiatives that will be
programs, including soft skills training such as carried out in 2024:
leadership skills and customer service skills for user 1. Optimizing the process of remittance, related to
and supervisory levels, which are carried out for having automated same-day incoming remittance
COMPANY PROFILE
Operations employees to prepare the Operations and nostro distribution logic.
team to respond to future challenges. 2. Continuing the initiative to utilize RPA technology
4. Organized training and certification for User, (Robotic Process Automation) and process re-
Supervisor, and Executive Officer levels as part engineering to optimize processing time and
of the SKKNI SPPUR certification, as well as being process accuracy in several operational areas.
actively involved with Bank Indonesia, LPK (Job 3. Enhancing collateral appraisal workflow system to
Training Institute), and FKDOP (Banking Operational integrate with the credit process in the SME area
Director Communication Forum) in supporting the and to further, continue to develop the QR Code
implementation of SKKNI SPPUR targets. system for administering collateral documents.
DISCUSSION & ANALYSIS
5. Continued the process of benchmarking with peer 4. Developing automated processes for integrated
banks, to identify opportunities to improve our deposit transactions.
MANAGEMENT
processes further. 5. Continue developing BI-Antasena reporting process,
Foreign Exchange Flow Activity Reporting (LLD),
AWARDS AND RECOGNITION IN 2023 and other reports to increase the current level of
With the spirit of advancing and growing together, automation and comply with the latest regulatory
Danamon’s Operations continuously strives to excel provisions.
in transactions and services. Danamon has received 6. Develop a Tax Application Service Provider (PJAP)
various awards in operations during 2023, consisting of: system for Mutual Fund tax reporting and custodian
OPERATIONAL REVIEW
1. The 2023 USD Clearing Elite Quality Recognition system to support PJAP reporting.
Award for Outstanding Achievement of Best-in- 7. Develop a dispute chargeback monitoring system
Class MT202 with the STP Rate of 99.97% from J.P. for credit and debit card transactions to mitigate
Morgan Chase Bank. risks and compliance functions.
2. The 2023 USD Clearing Elite Quality Recognition 8. Continue automating the User ID management
Award for Outstanding Achievement of Best-in- process to improve the control and speed up the
Class MT103 with the STP Rate of 99.49% from J.P. process of managing all User ID and process flow
Morgan Chase Bank. functions for the Bank’s internal system parameters.
3. The USD Payments STP Excellence Award for 9. Continue developing the auto-reconciliation process
Commercial Payments with STP Rate 99.3% from in several operational unit processes, to accelerate
GOVERNANCE
Citibank. the reconciliation process and increase process
CORPORATE
4. The 2023 STP Awards for USD Clearing Payment accuracy.
with STP Rate 99.2% from Standard Chartered. 10. Optimizing email management to support the Trade
5. Recognition of Outstanding Payment Formatting Finance transaction processing function.
Performance in achieving the STP rate of 98.16% for
MT103 Payments from Bank of New York Mellon.
6. MUFG President’s Award - Collaboration MVP
Winners for Implementation of Cash Online.
7. SERAMBI Award 2023 (Semarak Rupiah Ramadhan
CORPORATE DATA
dan Berkah Idul Fitri) from Bank Indonesia.
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GOVERNANCE
335 Corporate Governance 449 Transparency of Bank’s Financial and
Non-Financial Condition
338 Policies, Organs, and Governance Implementation
450 Remuneration Policy
341 Danamon’s Governance Implementation In 2023: Focus and
Achievements 455 Bank’s Shares Buy Back and Bond Buy Back
342 Assessment of the Implementation of 455 Transactions with Conflicts of Interest
Danamon’s Governance in 2023
455 Bank’s Strategic Plan
344 External Assesments
456 Information Access
344 Awards for the Implementation of Governance
456 Investor Relations
344 Danamon’s Governance Implementation Report
457 Corporate Communications
345 General Meeting of Shareholders
458 Service Excellence & Customer Care
354 Board of Commissioners
461 Corporate Culture
366 Committees Under the Board of Commissioners
462 Code of Conduct
390 The Board of Directors
463 Anti-Bribery and Anti-Corruption Policy
406 Committees Under the Board of Directors
464 Anti-Fraud Policy
421 Affiliated Relationships and Affiliated Transactions for The
Board of Directors, Board of Commissioners and Major 464 Internal Fraud
Shareholders
465 Whistleblowing System
422 Corporate Secretary
467 Implementation of GCG Guidelines for Public Companies
425 Bank Compliance Function
471 Integrated Governance
433 Anti-Money Laundering (AML), Counter the Financing of
Terrorism (CFT), and Counter-Proliferation Financing of 472 Report of Integrated Governance Implementation
Weapons of Mass Destruction (CPF) Program Implementation 480 Integrated Compliance Work Unit
437 Internal Audit Working Unit
481 Integrated Internal Audit Working Unit
442 Corporate Accountant/External Auditor
482 Implementation of Integrated Risk Management
444 Risk Management
483 Self-Assessment of the Implementation of Integrated
445 Provision of Funds to Related Parties and Large Exposures Governance in 2023
446 Internal Control System 485 Implementation of the ASEAN Corporate Governance
Scorecard
447 Legal Issues and Material Cases Faces by the Company, its
494 Sharia Business Unit (UUS)
Subsidiaries, Members of the Board of Directors and/or
Commissioners 495 Sharia Business Unit (UUS) Governance
448 Legal Cases Against Danamon
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GOVERNANCE
CORPORATE
GOVERNANCE
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CORPORATE GOVERNANCE
FINANCIAL
Danamon believes that the implementation of Good Corporate
Governance (GCG) is an important element that encourages the
Company to achieve stable and sustainable business growth and
MANAGEMENT REPORT
increase its corporate values in both the short and long term.
Danamon consistently implements GCG and improves Following the issuance of POJK No. 17 of 2023
the quality of sound and transparent management concerning the Implementation of Governance for
of the Company based on precautionary and ethical Commercial Banks, Danamon has made improvements
principles with the support of integrated risk and to its internal policies and procedures.
compliance management
COMPANY PROFILE
DANAMON’S GOVERNANCE
Danamon’s existence in the banking industry cannot IMPLEMENTATION: COMMITMENTS AND
be separated from the harmony it has established OBJECTIVES
with the environment surrounding its business and Danamon’s Board of Commissioners, the Board of
the contribution the Bank makes to fulfill its social and Directors and all employees are fully committed
environmental responsibilities with due regard to the to continuously improving the quality of GCG
interest of both its shareholders and stakeholders. implementation using the following 5 (five) GCG
principles as guidance: transparency, accountability,
DANAMON’S GOVERNANCE POLICIES: responsibility, independency, and fairness.
DISCUSSION & ANALYSIS
IMPLEMENTATION BASIS
The laws and regulations that serve as the bases and The aim of achieving stable and sustainable business
MANAGEMENT
guidelines for implementing corporate governance growth and increasing corporate values in both the
include the following: short and long term is supported by GCG the process
• Indonesian laws on areas such as Limited Liability and mechanism for evaluating the implementation of
Companies, Capital Markets and Banking. GCG which is conducted periodically covering 3 (three)
• Financial Services Authority Regulations (POJK) aspects of governance, namely governance structure,
and Financial Services Authority Circular Letters governance process and governance outcome ,
(SEOJK) especially regarding Governance, Risk in addition to other criteria or indicators for each
OPERATIONAL REVIEW
Management, Annual Reports, and various assessment factor.
regulations related to the implementation of
governance. In line with the development of best practices in
• The ASEAN Corporate Governance Scorecard implementing GCG in the banking and financial
(ACGS) issued by the ASEAN Capital Market Forum services industry, Danamon stays committed to always
(ACMF). improving its GCG implementation that allows it to
• Indonesian General Guidelines for Good Corporate meet the ever-changing GCG standards.
Governance (GCG) issued by the National
Committee on Governance Policy (KNKG). The sustainable implementation of GCG at Danamon
• Indonesian Corporate Governance Roadmap. aims to:
GOVERNANCE
CORPORATE
• The Company’s Articles of Association and General • Encourage Company performance.
Meeting of Shareholders (GMS) resolutions. • ncrease investor confidence.
• The Bank’s GCG Policy • Protect the interests of stakeholders.
• Other best practices related to good corporate • Optimize added value.
governance implementation. • Make positive contributions to the banking industry,
financial industry and the Indonesian economy.
Danamon has an Integrated Governance Policy for
the MUFG Group Financial Conglomeration that offers
guidelines for implementing GCG at every activity
CORPORATE DATA
and organizational level at Danamon and Financial
Services Institutions (LJK) in the MUFG Group Financial
Conglomeration.
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GOVERNANCE
DANAMON’S GOVERNANCE IMPLEMENTATION: ROADMAP
Danamon consistently and continuously makes improvements in its governance implementation methods as
outlined in its governance road-map.
Danamon’s GCG roadmap is detailed below:
2013
• GMS Agenda Disclosure and Explanation. • Improving Danamon’s website. This included an addition
• Publishing GMS resolutions the day after the GMS was of bilingual features.
held. • Filling out management profiles and GMS minutes.
• Disclosing Danamon’s Governance Policy, Articles of • Disclosing its Remuneration Policies for the Board of
Association, Personal Investment Policy, Related Party Directors and Board of Commissioners in its Annual
Transaction Policy and Transactions containing Conflicts Report.
of Interest, Shareholders and Groups on the company’s
website.
2014
• Perfecting the alignment of its good corporate governance • Adjusting the membership structures of the Audit
implementation with applicable laws and regulations, Committee, Risk Oversight Committee, Nomination
especially with the recommendations of the Financial and Remuneration Committee, and the Nomination
Services Authority (as contained in the Indonesian Committee using applicable regulations as references.
Corporate Governance Road Map). • Refining and updating its charters for the Board of
• Aligning its good corporate governance implementation Commissioners, Board of Directors, Audit Committee, Risk
with the ASEAN CG Scorecard. Oversight Committee, Nomination and Remuneration
• Providing all Board of Commissioners members with a Committee and Governance Committee.
refreshment training course on risk management. • Affiliate Transaction and Conflict of Interest Policy.
• Separating the Nomination & Remuneration Committee
into 2 (two) committees: the Nomination Committee and
the Remuneration Committee.
2015
• Integrated Governance and Integrated Risk Management Policy for the Board of Commissioners and Directors,
implementation through the availability of integrated a Performance Assessment Tool for the Board of
structures and infrastructure. Commissioners, and an Anti-Gratification Policy (on
• Adding Independent Commissioners to the Nomination Receiving and Giving Gifts).
Committee and Remuneration Committee. • Payment of dividends within 30 days.
• A Diversity Policy for the Board of Commissioners • Disclosing candidate profiles for Board of Commissioners
and Directors, a Nomination Policy for the Board of members.
Commissioners and Directors, a Performance Appraisal
2016
• Improving the implementation of Integrated Governance • Adjusting and simplifying committees under the Board of
and improving Corporate Governance guidelines for Directors.
Subsidiaries. • Communication Policy, Board of Directors Succession
• Improving governance implementation through the use Policy, Board of Directors Performance Assessment
of Financial Services Authority regulations on “Guidelines Tools.
for Governance of Public Companies”. • Improved Whistleblower Policy.
• Refining Nomination Committee and Remuneration
Committee work guidelines and procedures.
2017
• Aligning Danamon’s governance implementation
with the Financial Services Authority regulations on
“Implementation of Governance for Commercial Banks”.
• Improving Danamon’s website.
• Refining policies that supported Danamon’s governance
implementation
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2018
• Improving Danamon’s governance implementation. • Improving a number of policies related to Anti-Money
• Reviewing charters for the Board of Directors, Board of Laundering and Preventing Terrorism Financing (AML-
Commissioners, and Committees under the Board of CFT) policies.
Commissioners. • Refining and updating a number of policies related to
• Reviewing Subsidiary Governance Policies. Risk Management.
MANAGEMENT REPORT
• Adjusting the Integrated Governance Committee’s • Making changes to Danamon’s organizational structure.
membership structure.
2019
• Refining policies supporting corporate governance • Making changes to Danamon’s organizational structure.
implementation. • Adjusting Committee membership structures.
• Refining guidelines and work procedures for corporate • Refining and updating a number of policies related to
governance organs. Risk Management and Integrated Governance.
• Updating the Code of Conduct.
COMPANY PROFILE
2020
• Adjusting the structure and members of the Financial • Improving a number of policies related to Anti-Money
Conglomeration. Laundering and Preventing Terrorism Financing (AML-
• Adjusting the membership structure of committees. CFT) policies.
• Refining and updating guidelines and work rules for • Refining and updating a number of policies related to
corporate governance organs. Risk Management and Integrated Governance.
DISCUSSION & ANALYSIS
2021
MANAGEMENT
• Refining and updating a number of policies related to • Improving a number of policies related to Anti-Money
Risk Management and Integrated Governance. Laundering and Preventing Terrorism Financing (AML-
• Improving and updating a number of policies supporting CFT) policies.
corporate governance implementation. • Making changes to Danamon’s organizational structure.
• Adjusting the membership structure of committees.
2022
OPERATIONAL REVIEW
• Refining and updating a number of policies related to Risk • Refining and updating policies supporting corporate
Management and Integrated Governance for all of MUFG governance implementation.
Group Financial Conglomeration’s entities in Indonesia. • Updating several guidelines and working procedures for
• Updating the Bank’s Financial Conglomeration Corporate committees.
Charter.
2023
• Updating Danamon’s Code of Conduct. • Merging the Nomination Committee and Remuneration
• Improving a number of policies related to Anti-Money Committee into 1 (one) committee, namely the
GOVERNANCE
Laundering and Preventing Terrorism Financing (AML- Nomination and Remuneration Committee.
CORPORATE
CFT) policies. • Updating the committee’s work guidelines and
• Refining and updating a number of policies related to regulations.
Risk Management and Corporate Governance. • Making changes to organizational structure.
• Making changes in members of the financial
conglomerate.
2024
• Refining and updating a number of policies related to risk • Implementing Sharia Banking Certification for
management, governance and supporting policies for the Independent Parties, and members of Boards of Directors
CORPORATE DATA
implementation of governance. and Commissioners.
• Updating the guidelines and work rules of the Board of • Planning amendments in Articles of Association.
Commissioners, Board of Directors, and committees.
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CORPORATE
GOVERNANCE
POLICIES, ORGANS AND
GOVERNANCE IMPLEMENTATION
CORPORATE GOVERNANCE POLICY
Danamon is a Main Entity of MUFG Group Financial Conglomeration that is responsible for preparing and determining
its own Integrated Governance Policy within Indonesia. This policy serves the main guideline for implementing
integrated governance applicable to all Entities of MUFG Group Financial Conglomeration in Indonesia. In September
2023, MUFG Group Financial Conglomerate had its Integrated Governance Policy refined after Adira Quantum was
no longer a member. Following the issuance of POJK No. 17 of 2023 concerning the Implementation of Governance
for Commercial Banks, Danamon has made some improvements and updates to its Governance Policy
Danamon carries out its governance based on the following 5 (five) basic principles of Good Governance:
TRANSPARENCY
Danamon is committed to applying transparency in disclosing and providing relevant
information that is easy for the shareholders and stakeholders to access. Transparency is also
applied in the decision-making process as reflected in the minutes of meetings.
ACCOUNTABILITY
Clarity in organizational functions, duties, authorities and responsibilities governed according to
the guidelines and work procedures of each function. As an institution, Danamon is accountable
for its performance.
RESPONSIBILITY
Danamon is committed to complying with established laws and regulations, its internal policies,
ethical values and standards, principles and practices. In addition, Danamon also works to
realize its responsibility to both the society and the environment in order to achieve long-term
business continuity and gain recognition as a good corporate citizen.
INDEPENDENCY
Danamon’s organs carry out their activities independently and objectively, and avoid any
dominating influences from any party. Danamon is committed to running its business with
a priority placed on professionalism and free from conflicts of interest and influence or
pressure from any party that is in violation of regulatory provisions and ethical values as well as
standards, principles and practices.
FAIRNESS
Danamon ensures that it can always fulfil the rights and interests of all of its shareholders,
both majority and minority. Danamon also always provides fair and equal treatment to all of its
stakeholders. Fairness herewith includes equality, balance and justice in fulfilling Stakeholder
rights based on agreements, regulatory provisions, and ethical values, as well as standards,
principles and practices.
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MANAGEMENT REPORT
DANAMON’S GOVERNANCE ORGANS
Danamon’s governance organs were formed to support the implementation of good corporate governance principles
to make it run systematically and in a structured manner. Danamon’s governance-supporting organs have clear roles
and responsibilities to create a control mechanism of checks and balances.
General Meeting
Shareholders
COMPANY PROFILE
Boards of
Commissioners
Check & Balance Boards of Directors
Integrated Corporate Integrated Risk
Governance Management
Committee Committee
Work Internal
DISCUSSION & ANALYSIS
Audit Committee
Audit Unit
Risk Management
MANAGEMENT
Committee
Risk Oversight
Committee
Sub-Committee
Nomination and Credit Policy
Remuneration
Committee
Sub-Committee
Information
Disclosure
OPERATIONAL REVIEW
Corporate Governance
Committee
Assets & Liabillities
(ALCO) Committee
Information
Technology Steering
Committee
Human Resources
Committee (HR)
GOVERNANCE
CORPORATE
Sustainability
Committee
Real Estate
Committee
CORPORATE DATA
Internal Hello Risk Legal & Corporate Investor Others
CSR
Control Danamon Management Compliance Secretary Relations & FAT Work Unit
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 339
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CORPORATE
GOVERNANCE
DANAMON’S GOVERNANCE IMPLEMENTATION
Danamon realizes that the good corporate governance implementation is more than just a necessity, but rather one
of the main foundations and basic requirements for carrying out its business activities. Good corporate governance
implementation is built on a baseline of solid integrity that allows such governance to be implemented throughout
all level of the organization, and for it to be carried out throughout all of Danamon’s activity in such a way that allows
all operational activities to run consistently and continuously.
This system of governance implementation is based on the 5 (five) basic principles of good governance: Transparency,
Accountability, Responsibility, Independence, and Fairness and Equality. Each of these principles is grouped in a
governance system that consists of 3 (three) governance aspects: Governance Structure, Governance Processes and
Governance Outcomes.
GCG STRUCTURE GCG PROCESS GOVERNANCE RESULTS
• The number of people, the • There has to be adequate • Danamon’s positive performance
composition, the criteria and the implementation of the functions, includes profitability, efficiency and
independence of Danamon’s Board of dutiesand responsibilities of capital;
Commissioners, Board of Directors and Danamon’s organs so as to optimize • Danamon’s activities have to be free
committees all have to be adequate the company’s oversight and control from the intervention of owners and
and designed in accordance with functions; other related parties that may cause a
Danamon’s needs and in accordance • The process of replacing and conflict of interest;
with applicable Financial Services appointing Board of Commissioners, • Disclosure of financial and non
Authority/Bank Indonesia regulations; Board of Directors and Committee financial conditions (as well as other
• Danamon, as a Main Entity in MUFG members has to be done in important forms of information) have
Group Financial Conglomeration, has accordance with applicable regulations; to be available on Danamon websites
to establish an Integrated Governance • There has to be efforts to boost in a way that is informative and easily
Committee and an Integrated Risk the competence of Board of accessible to Stakeholders;
Management Committee; Commissioners and Board of Directors • There has to be adequate compliance
• The main duties, responsibilities and members through continuous and risk management as well as
functions of all levels at Danamon education and training; There has to be follow-ups on audit results done
have to be designed in an adequate disclosure of affiliated transactions and in accordance with Danamon’s
manner that is specified in Policies, conflicts of interest from the Board of commitments;
Guidelines and Work Rules. The Directors and Board of Commissioners; • The Bank’s Business Plan has to
Policies, Procedures and Management • The provision of funds to related describe Danamon’s sustainable
Information Systems of Danamon have parties and provision of large funds growth and provides economic
to be available and support Danamon’s is to be carried out through a normal and non-economic benefits for all
operational activities; credit approval process and has to Stakeholders.
• There have to be Governance take an “arm’s length” principle into
Guidelines, risk management account;
frameworks, and adequate internal • Risk management has to be properly
controls, compliance functions implemented so that risks that may
and internal audit functions, with arise can be managed adequately;
appointed external audits based on • There has to be complete and
criteria needed; accurated disclosure of information
• There has to be policies for providing when it comes to financial and non-
funds to related parties, for the financial matters, Danamon products,
large provision of funds, for conflicts and customer complaints;
of interest and for aspects of • Strategic and business plans have
transparency; to be carried out in a realistic,
• There have to be strategic and comprehensive and measurable
business plans that are in line with manner that is approved by the Board
Danamon’s vision and mission. of Commissioners and communicated
to shareholders and all levels of the
organization.
340 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
DANAMON’S GOVERNANCE
IMPLEMENTATION IN 2023:
FOCUS AND ACHIEVEMENTS
MANAGEMENT REPORT
Danamon seeks to consistently apply the principles of 5. Refinement of policies for Anti-Money Laundering
good governance in various aspects and at every level (APU), Prevention of Terrorism Financing (PPT)
of the organization. Program, and Prevention of Funding for the
Proliferation of Weapons of Mass Destruction
In 2023, Danamon undertook various initiatives to (PPPSPM).
strengthen its governance implementation through 6. Refinement of the Charter of the Risk Monitoring
aligning it with regulatory provisions and improvements Committee under the Board of Commissioners.
COMPANY PROFILE
in governance structure and policies, which included: 7. Refinement of the Charters of the Risk Management
1. Refinement of Integrated Governance Policies. Committee and the Information Technology Steering
2. Changes in Financial Conglomeration Members in Committee under the Board of Directors.
connection with the completion of the liquidation 8. Refinement of the Resolution Plan Policy.
process of PT Adira Quantum Multifinance. 9. Refinement of Policy for Transactional Conflict of
3. Changes in members of the Financial Conglomerate Interest and Information Wall Management.
after PT Home Credit Indonesia became a new 10. Refinement of Policy for Personal Securities Trading
member of MUFG Group Financial Conglomerate in (PST) and Material Non-Public Information (MNPI)
connection to MUFG Bank share acquisition of PT Management.
DISCUSSION & ANALYSIS
Home Credit Indonesia through Krungsri (75%) and 11. Refinement of Anti-Fraud Management Policy and
PT Adira Dinamika Multi FinanceTbk (9.83%). Framework.
MANAGEMENT
4. Refinement of policies related to risk management, 12. Refinement of Business Continuity Management
including: Policy.
• Bank Risk Management and Consolidation 13. Refinement of Occupational Health Safety (OHS)
Policy. Policy.
• MUFG Group Financial Conglomerate Integrated 14. Refinement of Action Plan Policy
Risk Management Policy. 15. Refinement of Procurement Policy.
• Market and Liquidity Risk Management Policy. 16. Refinement of Tax Compliance Policy.
OPERATIONAL REVIEW
• Cyber Risk Management Policy.
• Resolution Plan Policy
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 341
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CORPORATE
GOVERNANCE
ASSESSMENT OF DANAMON’S
GOVERNANCE IMPLEMENTATION
IN 2023
In order to improve the implementation of Good The assessment is conducted using assessment factors
Governance on an ongoing basis, Danamon conducts set out based on OJK regulations, including the quality
self-assessment on the quality of its Governance of corporate governance principles in a comprehensive
implementation in every semester, or for the June and structured manner which is integrated into 3
and December positions in accordance with the (three) aspects of governance, namely:
Bank’s Soundness Level assessment period. Apart
from that, Danamon also conducts assessments of 1. Governance Structure
the implementation of Good Governance through The Governance Structure Assessment aims to
independent external parties to obtain more assess the adequacy of the Bank’s governance
independent assessment results. structure and infrastructure to ensure governance
principles implementation produces the expected
SELF-ASSESSMENT OF CORPORATE outcomes. Bank’s Governance structure consists the
GOVERNANCE IMPLEMENTATION Board of Directors, Board of Commissioners, and
Danamon conducts self-assessment of its governance the Bank’s committees and work units. The Bank’s
implementation pursuant to POJK No.55/POJK.03/2016 Governance infrastructure includes policies and
on the Implementation of Governance for Commercial procedures, information system management, and
Banks and POJK No.17 of 2023 on the Implementation the key tasks and functions of each organizational
of Governance for Commercial Banks which came structure within the Bank.
into effect on September 14, 2023. The criteria
used for individual self-assessments of governance 2. Governance Process
implementation are SEOJK No.13/SEOJK.03/2017 on The Governance Process Assessment aims to assess
the the Implementation of Corporate Governance the effectiveness of the process of governance
for Commercial Banks. The results of the Bank’s self- principle implementation supported by adequate
assessment of governance implementation are an structure and infrastructure in order to for the Bank
inseparable part of the Governance Implementation to show expected outcomes that are in line with
Report. expectations of the Bank’s Stakeholders.
The results of the self-assessment of the implementation 3. Governance Outcome
of corporate governance are one of the factors The Governance Outcome Assessment aims to
covering the Bank’s Soundness Level Assessment assess the quality of Bank outcomes to see whether
using the risk approach or RBBR, both individually or not they meet Stakeholder expectations, which
and in a consolidated manner, conducted at least result from the process of governance principles
every semester for end of June and end of December implementation that is supported by adequate
positions as regulated in POJK No.4/POJK.03/2016 on governance structure and infrastructure.
the Assessment of the Soundness Level of Commercial
Banks and SEOJK No.14/SEOJK.03/2017 on the
Assessment of the Soundness Level of Commercial
Banks.
342 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
GOVERNANCE IMPLEMENTATION: 5. Implementation of compliance functions;
ASSESSMENT FACTORS 6. Implementation of the internal audit functions;
Danamon’s commitment to implementing governance 7. Implementation of the external audit functions;
as a way of maintaining its business continuity can 8. Implementation of risk management, including
be seen through its constant efforts to improve its internal control systems;
governance implementation. Its efforts in 2023 towards 9. The provision of funds to related parties and large
this end include the following: exposures;
COMPANY PROFILE
10. Transparency when it came to the Bank’s financial
SELF-ASSESSMENTS ON INDIVIDUAL and non-financial conditions, and reports on
GOVERNANCE governance implementation and internal reporting;
Danamon carried out self-assessments for individual and
governance implementation on a semi-annual basis. 11. The Bank’s strategic plans.
These assessments contain at least 11 (eleven) factors
for evaluating the Good Corporate Governance In addition the above 11 factors, assessment is also
implementation. These factors include the following: made on other relevant and significant aspects to GCG
1. Implementation of the duties and responsibilities of implementation.
DISCUSSION & ANALYSIS
the Board of Directors;
2. Implementation of the duties and responsibilities of 2023 Governance Implementation Self Assessment:
MANAGEMENT
the Board of Commissioners; Results
3. Implementation and comprehensiveness of The results of Danamon’s self-assessments on
committee duties; governance implementation for June and December
4. The methods of handling conflicts of interest; 2023 are as follows:
Individual Governance Implementation: Self-Assessment Results
OPERATIONAL REVIEW
Positions: As of June and December 2023
Rating Rating Definition
This rating indicates that Danamon’s management has implemented good levels of corporate
governance in general. It means that it has adequately fulfilled principles
Bank 2 (Good)
of corporate governance. All the weaknesses therein were generally considered less
significant and could be resolved through normal actions taken by Danamon’s management.
Based on its assessment results that reviewed 11 (eleven) assessment factors for governance implementation,
Danamon has achieved adequate levels of governance structures and infrastructure in 2023 that supported the
effectiveness of its Good Governance implementation process with a quality that can meet the expectations of
GOVERNANCE
CORPORATE
stakeholders.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 343
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CORPORATE
GOVERNANCE
EXTERNAL ASSESSMENTS
ASEAN CORPORATE GOVERNANCE SCORECARD (ASEAN CG SCORECARD)
Danamon continued to make improvements in its implementation of good governance principles so that it could
provide added value for all Danamon stakeholders. One of its efforts saw it using the ASEAN CG Scorecard as a guide
for improving its implementation of sustainable governance principles.
The ASEAN CG Scorecard is an ASEAN Capital Market Forum initiative for integrating the capital markets of ASEAN
member countries that has been used since 2011. This scorecard serves as a quantitative tool to measure the
compliance of public companies in ASEAN with corporate governance guidelines according to exemplary practices
that are based on international standards (such as corporate governance principles issued by the Organization for
Economic Cooperation and Development (OECD)).
INDONESIAN INSTITUTE FOR CORPORATE DIRECTORSHIP (IICD)
The IICD has conducted its own external assessment of Danamon’s governance implementation. It included
Danamon as one of its IICD Corporate Governance (CG) award nominees and Top 50 Issuers with the largest market
capitalization (BigCap PLCs).
AWARDS FOR THE IMPLEMENTATION
OF GOVERNANCE
Danamon’s commitment to implement sustainable Governance garnered further recognitions in 2023. Danamon
was named amongst the Top 50 Big Cap Issuers (based on best GCG practices), and received a special award in the
Best Role of Stakeholders (Big Cap) category at the 14th IICD Corporate Governance Conference and Award held in
September 2023.
This shows that Danamon has succeeded in practicing good governance (GCG) and has not been involved in serious
cases for violation of GCG principles.
DANAMON’S GOVERNANCE
IMPLEMENTATION REPORT
Danamon’s Governance Implementation Report covers all aspects of the Bank’s governance implementation efforts
that were done with reference to applicable laws and regulations and universally applicable best practices of
governance implementation. These reports on Danamon’s governance implementation serve as part of its corporate
responsibility for implementing the principle of transparency to stakeholders and for complying with applicable laws
and regulations.
344 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
GENERAL MEETING OF
SHAREHOLDERS
MANAGEMENT REPORT
The General Meeting of Shareholders (GMS) is a Public SHAREHOLDERS
Company’s organ with authorities delegated to neither Shareholders are owners of capital whose names
the Board of Directors nor the Board of Commissioners, are registered as shareholders within Company’s
as specified in laws on Limited Liability Companies and/ shareholders’ registry. Company has a total authorized
or the Articles of Association of the Public Company. capital of 17,782,400,000 shares. The shares consist
of 22,400,000 series A shares with voting rights, each
GMS consists of an Annual GMS and other forms with a nominal value of Rp50,000.00 per share, and
(Extraordinary GMS) 17,760,000,000 series B shares with voting rights, each
1) Annual GMS (AGMS) with a nominal value Rp500.00 per share. Of this capital,
a. A Public Company shall convene an AGMS shareholders have 9,773,552,870 shares which consist
COMPANY PROFILE
once a year, no later than 6 (six) months after of 22,400,000 series A shares and 9,751,152,870 series
the closing of its books, as specified in the B shares. Shareholders consist of holders of series A
laws and regulations and precede it with an shares and holders of series B shares. All shares issued
Announcement and Summon. by Company are registered shares.
b. The Board of Directors shall submit an Annual
Report to the GMS after reviewed by the Board Rights and Authorities of Shareholders
of Commissioners, within a scope stipulated Company does not divide its shares into special types of
in laws, regulations and Company’s Articles of shares or ordinary shares. All shareholders have equal
Association. rights and obligations. Shareholders can participate in
DISCUSSION & ANALYSIS
c. The AGMS decides on agenda items or managing the company through the GMS. A GMS can be
matters in accordance with the provisions of held at the request of shareholders with preconditions
MANAGEMENT
laws, regulations and Company’s Articles of as stipulated in laws, regulations and Company’s
Association. Articles of Association.
2) Extraordinary GMS (EGMS)
a. A Public Company shall convene an EGMS Shareholders reserve the right to participate in making
at any time when necessary and in the best decisions related to amendments to the Articles of
interest of the Public Company, as specified Association and other fundamental changes regarding
in laws, regulations and Company’s Articles of the Company. Shareholders also have the right to
OPERATIONAL REVIEW
Association and precede it with Announcement participate effectively and use votes in the GMS, as well
and Summon. as the right to obtain information regarding the GMS,
b. The EGMS shall make decisions on the proposed which includes information on meeting agendas, as
agenda in accordance with the provisions of well as rules and procedures for voting.
the laws, regulations and Company’s Articles of
Association. The Company protects the rights of its shareholders and
helps to ensure that the basic rights of shareholders
Legal Basis for GMS Convention are upheld. The basic rights of shareholders include:
The Company convenes GMS with reference to the 1. Attending and voting at the GMS.
following: Law No. 40 of 2007 concerning Limited 2. Obtaining relevant and material information about
GOVERNANCE
CORPORATE
Liability Companies, FSA Regulation (POJK) No.15/ Company in a timely and regular manner.
POJK.04/2020 concerning Plans and Implementation 3. Obtaining ownership registration methods.
of the General Meeting of Shareholders of Public 4. Transferring shares.
Companies, POJK No.16/POJK.04/2020 concerning 5. Appointing and dismissing the Board of Directors
Implementation of Electronic General Meetings of and Board of Commissioners.
Shareholders of Public Companies, Company’s Articles 6. Receiving shares in Company’s profits.
of Association, Danamon’s Governance Guidelines.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 345
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CORPORATE
GOVERNANCE
7. Exercising other rights and authorities based GMS Voting Mechanisms and Vote Counting
on laws, regulations and Company’s Articles of Company has compiled and prepared a Code of
Association. Conduct for its GMS. This GMS Code of Conduct, which
8. The full rights and authorities of shareholders are is made available on its official website and delivered
regulated in Company’s Articles of Association, and read out at the opening of a GMS, contains voting
which can be accessed through Company’s website procedure and calculation. Prior to each of the voting,
(www.danamon.co.id). the chairman of the GMS shall give an opportunity for
shareholders with the rights to inquiries and/or their
Limitations for Shareholders proxies to ask questions and/or share their opinions
1. Shareholders shall not intervene in the execution to ask questions and/or give their opinions to the
of Company’s operations. The Board of Directors chairman of the GMS before voting is conducted for
and the Board of Commissioners must reject any each agenda item of the GMS.
interventions of this sort.
2. Controlling shareholders may coordinate in Decision making in the GMS is carried out in the
arranging business strategies, corporate plans and following manner:
business plans. 1. The GMS shall make decisions based on deliberation
3. Controlling shareholders can only exercise to reach a consensus. In the event a consensus is
oversight through the GMS. Policy coordination and not reached on a particular agenda item, then the
conducting audits have to be done in accordance decisions shall be made through voting.
with applicable laws and regulations. 2. Voting shall be carried out with due consideration on
4. Controlling shareholders must avoid conflicts of the GMS’ attendance quorum and decision quorum,
interest. as stipulated in Company’s Articles of Association.
5. Controlling shareholders shall refrain from abusing 3. In voting, the votes cast by the shareholders apply
their dominance or control of share ownership to all of the shares they own. Shareholders are not
in ways that may violate corporate governance entitled to give power of attorney to more than one
principles. proxy for a portion of the number of shares they
6. The Board of Commissioners and Board of Directors own with different votes.
must refuse requests for information regarding 4. In votes calculation, 1 (one) share gives the holder
Company from controlling shareholders that are the right to cast 1 (one) vote. If a shareholder has
inconsistent with principles of fairness and equality. more than 1 (one) share, then the shareholder is only
7. Shareholders shall refrain from using Company eligible for 1 (one) vote at a time. A vote represents
for personal, family, company or business group the entire number of shares a shareholder owns
interests in spirits and manners that are contrary based on the voting cards the shareholder receives.
to laws and regulations and to the principle of 5. Members of both the Boards of Commissioners and
fairness that commonly applies in issues involving Directors and Company’s employees shall refrain
the banking and financial sectors. from acting as shareholder proxies.
6. In the event that GMS makes decision on cash
Shareholder Access to Information dividend distribution, then cash dividend payment
Shareholders can obtain information about Company to the entitled shareholders shall be made no later
through various designated communication media, than 30 (thirty) days after a summary of the minutes
including the GMS, performance presentations, of the referred GMS.
analyst briefings, websites, and through e-mail access
to Investor Relations (investor.relations@danamon.
co.id) and Corporate Secretary (corporate.secretary@
danamon.co.id).
346 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
GENERAL MEETING OF SHAREHOLDERS IN 2023
The Convention of AGMS
In 2023, The Company held 1 (one) Annual General Meeting of Shareholders (“AGMS”). The 2023 AGMS was convened
in accordance with the provisions in the Company’s Articles of Association, POJK No.15/POJK.04/2020 concerning
MANAGEMENT REPORT
Planning and Organizing General Meetings of Shareholders of Public Companies and POJK No.16/POJK.04/2020
concerning Virtual Implementation of General Meetings of Shareholders of an Issuer.
The convening process of the 2023 AGMS is as follows:
Implementation of AGMS March 31, 2023
Friday, March 31, 2023
Date Time
The AGMS began at 14.34 WIB and ended at 16.16 WIB
Place Bank Danamon Tower, Auditorium, 23rd Floor
Jl. H.R. Rasuna Said, Block C No. 10, Karet Setiabudi, Jakarta 12920
COMPANY PROFILE
Quorum In accordance with the Company's Register of Shareholders as of March 8, 2023, the total number of entitled
(Shareholder Attendance) shares is of 9,773,552,870 shares. The number of shares with voting rights that attended the AGMS was
9,123,663,222 shares or 93.351% of the total shares issued by the Company. Therefore, the meeting had
fulfilled the requirements for the AGMS quorum and decision making for the AGMS agenda (which is more
than 2/3 of the total shares with valid voting rights issued by the Company). Therefore, the AGMS is valid to
be held and make the following decisions.
AGMS Chairman The AGMS was chaired by Halim Alamsyah, Independent Commissioner of the Company, in accordance with
the Company's Articles of Association and Circular Decisions of the Board of Commissioners.
Attendance of the Board of The Board of Commissioners physically present:
Commissioners 1. Kenichi Yamato, President Commissioner
2. Halim Alamsyah, Independent Commissioner
DISCUSSION & ANALYSIS
3. Peter Benyamin Stok, Independent Commissioner
4. Nobuya Kawasaki, Commissioner
5. Dan Harsono, Commissioner
MANAGEMENT
The Board of Commissioners attended via the Webex
1. Hedy Maria Helena Lapian, Independent Commissioner
2. Shuichi Yokoyama, Commissioner
Attendance of the Sharia Sharia Supervisory Board physically present:
Supervisory Board 1. M. Sirajuddin Syamsuddin, Chairman
2. Hasanudin, Member
Sharia Supervisory Board present via Webex:
1. Asep Supyadillah, Member
OPERATIONAL REVIEW
Attendance of the Board of Directors physically present:
Directors 1. Yasushi Itagaki, President Director
2. Honggo Widjojo Kangmasto, Vice President Director
3. Hafid Hadeli, Vice President Director
4. Herry Hykmanto, Director
5. Rita Mirasari, Director
6. Heriyanto Agung Putra, Director
7. Dadi Budiana, Director
8. Muljono Tjandra, Director
9. Thomas Sudarma, Director
Directors who attended via the Webex:
1. Naoki Mizoguchi, Director
Independent Party to calculate The Company had appointed Mala Mukti, S.H., LL.M. as Notary and PT Adimitra Jasa Korpora as Securities
GOVERNANCE
quorum and vote on AGMS Administration Bureau respectively as authorized parties to calculate the quorum and voting.
CORPORATE
decisions
Number of shareholders who One question was asked on the second agenda of the Meeting by 1 (one) shareholder who owned 12,700
asked questions and/or provided (twelve thousand seven hundred) of shares with valid voting rights issued by the Company.
opinions at the AGMS
AGMS decision making mechanism 1. Meeting decisions are taken based on deliberation to reach consensus.
2. In the event that a consensus is not reached, decisions shall be made through voting on the agenda of
the Meeting. A decision is valid if it is approved by more than 2/3 (two thirds) of the total shares with
voting rights present and/or represented at the Meeting.
3. Abstain/Blanko votes shall be considered to cast the same vote as the majority of shareholders who cast
votes.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 347
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CORPORATE
GOVERNANCE
Phases of AGMS 2023 Convention
Matter Date Reporting Media
Notification of PT Bank Danamon Indonesia Tbk (Company) Annual General February 15, 2023 OJK and IDXnet Electronic
Meeting of Shareholders (AGMS) Plan to OJK Reporting Facilities
Announcement of the Annual General Meeting of Shareholders (AGMS) February 22, 2023 OJK and IDXnet Electronic
of PT Bank Danamon Indonesia Tbk (Company) Reporting Facilities, eASY.KSEI,
and Company Website
Invitation to the Annual General Meeting of Shareholders (AGMS) March 9, 2023 OJK and IDXnet Electronic
of PT Bank Danamon Indonesia Tbk (Company) Reporting Facilities, eASY.KSEI,
and Company Website
The conduct of the AGMS of PT Bank Danamon Indonesia Tbk (Company) March 31, 2023 -
Submission of Summary of Minutes of the Annual General Meeting of April 4, 2023 OJK and IDXnet Electronic
Shareholders (AGMS) of PT Bank Danamon Indonesia Tbk (Company) Reporting Facilities, eASY.KSEI,
and Company Website
Submission of Minutes of the Annual General Meeting of Shareholders (AGMS) April 27, 2023 OJK and IDXnet Electronic
of PT Bank Danamon Indonesia Tbk (Company) Reporting Facilities
The Company has uploaded information about the 2023 AGMS on its official website, such as description on Meeting
agenda, profiles of Public Accountants and Public Accounting Firms, profiles of prospective Members of the Board
of Commissioners, profiles of prospective Members of the Board of Directors, Meeting rules and other Meeting
materials.
Decisions and Realization of the 2023 AGMS
The AGMS has decided on 6 (six) Meeting agenda items. All Meeting decisions have been realized in 2023, as listed
below:
AGMS – First Agenda
1. Approved the Company's Annual Report for the financial year ended December 31, 2022.
2. Ratified the Company's Consolidated Financial Statements for the financial year ended December 31, 2022 which had been audited by the
Imelda & Rekan Public Accounting Firm (a member firm of Deloitte Touche Tohmatsu Limited) as contained in the Independent Auditor's Report,
dated February 14, 2023, Number 00017/2.1265/AU.1/07/0849-2/1/II/2023 with opinion without modification.
3. Ratified the Oversight Duties Report of the Company's Board of Commissioners for the financial year ended December 31, 2022.
4. Provided full release and discharge of responsibility ("volledig acquit et décharge") to (i) the Company's Board of Directors in carrying out
their duties and responsibilities for management as well as duties and responsibilities representing the Company; (ii) The Company's Board of
Commissioners in carrying out their oversight duties and responsibilities as well as duties and responsibilities in providing direction and advice
to the Company's Directors; and (iii) the Sharia Supervisory Board in carrying out its duties and responsibilities for oversight of sharia aspects
of the implementation of the Company's business activities in accordance with sharia principles and providing advice and suggestions to the
Company's Directors, which was carried out in the financial year ended December 31, 2022, as long as The implementation of these duties and
responsibilities is reflected in the Company's Annual Report for the financial year ended December 31,2022.
Total Abstain and Agree Votes: 9,123,598,322 shares or 99.999%
Voting Result Abstain Disagree Agree
5,188,595 shares or 0.057% 64,900 shares or 0.01% 9,118.409,727 shares or 99.942%
AGMS – Second Agenda
Approved the use of net profit after the Company’s income tax expense for the financial year ended December 31, 2022 to the amount of
IDR3,302,314,000,000 (three trillion three hundred two billion three hundred and fourteen million rupiah) with the following details:
1. 1% (one percent) of Net Profit or more or less IDR33,023,140,000 (thirty-three billion twenty-three million one hundred and forty thousand
rupiah) is set aside for reserve funds to comply with Article 70 of the Limited Liability Company Law.
2. 35% (thirty five percent) of Net Profit or more or less IDR1,155,809,900,000 (one trillion one hundred fifty five billion eight hundred nine million
nine hundred thousand rupiah) or IDR118.26 (one hundred eighteen point twenty-six rupiah) per share, assuming the number of shares issued
by the Company on the Recording Date was no more than 9,773,552,870 (nine billion seven hundred seventy-three million five hundred fifty-
two thousand eight hundred and seventy) shares, paid as annual dividends 2022 book, with the following conditions:
a. Dividends will be paid to shareholders whose names were recorded in the Register of Shareholders on a date to be determined by the
Company’s Board of Directors (hereinafter referred to as the “Record Date”).
b. Dividends that are not taken after 5 (five) years from the date determined for past dividend payments, are put into the Special Reserve fund.
Procedures for withdrawing dividends from the Special Reserve can be accessed on the Company’s website.
c. Shareholder dividend tax will be paid in accordance with the applicable tax regulations.
d. The Board of Directors is hereby given the power and authority to determine matters concerning or related to the implementation of
dividend payments for the 2022 financial year, including (but not limited to):
1) determining the Recording Date for the Company’s shareholders who are entitled to receive dividend payments for the 2022 financial
year.
2) determining the date for dividend payments for the 2022 financial year, and everything without prejudice to compliance with the
regulations of the Stock Exchange where the Company’s shares are listed.
3. The remaining profit or the 2022 financial year whose use was not determined will be posted as the Company’s retained earnings.
Total Abstain and Agree Votes: 9,123,598,322 shares or 99.999%
Voting Result Abstain Disagree Agree
838,900 shares or 0.009% 64,900 shares or 0.001% 9,122,759,422 shares or 99.990%
348 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
AGMS – Third Agenda
1. Reappointed Ms Elisabeth Imelda as Public Accountant and Imelda & Partners (a member firm of the Deloitte Touche Tohmatsu Limited) as
Public Accounting Firm registered with the Financial Services Authority to audit the Company’s consolidated financial statements for the 2023
financial year.
2. Authorized the Board of Commissioners to:
a. determine the amount of honorarium and other requirements pertaining to the appointment of the Public Accountant and Public
Accounting Firm.
MANAGEMENT REPORT
b. determine a replacement Public Accounting Firm and/or Public Accountant in the event that the Public Accounting Firm of Imelda & Rekan
(a member firm of the Deloitte Touche Tohmatsu Limited) and/or Public Accountant Elisabeth Imelda for whatever reason fails to complete
the audit process of the Company’s Financial Statements for the 2023 financial year.
Total Abstain and Agree Votes: 9,123,598,322 shares or 99.999%
Voting Result
Abstain Disagree Agree
835,100 shares or 0.009% 64,900 shares or 0.001% 9,122,763.222 shares or 99.990%
AGMS – Fourth Agenda
1. a. approved the total bonus/tantiem payments that will be distributed to the Company’s Board of Commissioners for the 2022 financial year.
b. approve the total payment of salary/honorarium and/or allowances to the Company’s Board of Commissioners for the 2023 financial year.
c. approved the delegation of authority to the President Commissioner of the Company to determine the amount of bonus/tantiem for
COMPANY PROFILE
the 2022 financial year and salary/honorarium and/or allowances for the 2023 financial year to each member of the Company’s Board of
Commissioners based on the recommendation of the Nomination and Remuneration Committee.
2 a. approved the total bonus/tantiem payments which will be distributed to the Sharia Supervisory Board for the 2022 financial year.
b. approved the total payment of salary/honorarium and/or allowances to the Company’s Sharia Supervisory Board for the 2023 financial year.
c. approved the delegation of authority to the Company’s Board of Commissioners to determine the amount of bonus/tantiem for the 2022
financial year and salary/honorarium and/or allowances for the 2023 financial year to each member of the Company’s Sharia Supervisory
Board based on the recommendations of the Nomination and Remuneration Committee.
3 a. approved the total bonus/tantiem payments that will be distributed to the Company’s Directors for the 2022 financial year.
b. approved the total payment of salaries as well as allowances and/or other income to the Company’s Directors for the 2023 financial year.
c. approved the delegation of authority to the Company’s Board of Commissioners to determine the amount of bonuses/tantiems for the
2022 financial year and salaries and allowances and/or other income for the 2023 financial year to each member of the Company’s Board of
Directors based on the recommendations of the Nomination and Remuneration Committee.
DISCUSSION & ANALYSIS
Total Abstain and Agree Votes: 9.123.566.622 shares or 99,999%
Voting Result
Abstain Disagree Agree
MANAGEMENT
968,531 shares or 0.011% 96,600 shares or 0.001% 9,122,598,091 shares or 99.988%
AGMS – Fifth Agenda
1. a. Approve not to reappoint Mr. Kenichi Yamato as President Commissioner of the Company, Mr. Shuichi Yokoyama as Commissioner of the
Company, and Mr. Heriyanto Agung Putra as Director of the Company, effective as of the closing of the Meeting with thanks for the services
provided to the Company.
b. Approve to appoint :
i. Mr. Yasushi Itagaki as President Commissioner.
OPERATIONAL REVIEW
ii. Mr Drs. Halim Alamsyah, S.H as Vice President Commissioner (Independent).
iii. Mr. Daisuke Ejima as President Director.
Whereby:
- The appointment of Mr. Yasushi Itagaki as President Commissioner of the Company will be effective after passing the fit and proper test
from the Financial Services Authority.
- The appointment of Drs. Halim Alamsyah, S.H as Vice President Commissioner (Independent) of the Company will be effective after
passing the fit and proper test from the Financial Services Authority.
- The appointment of Mr. Daisuke Ejima as President Director of the Company is effective since April 1, 2023. That based on a copy of
the Decree of the Board of Commissioners of the Financial Services Authority Number KEP-27/D.03/2023 dated February 16, 2023
concerning the Results of the Fit and Proper, Mr. Daisuke Ejima has fulfilled the requirements and has been approved as President
Director of the Company.
c. Approve to reappoint:
i. Mr. Nobuya Kawasaki and Mr. Dan Harsono, respectively as Commissioners of the Company and Mr. Peter Benyamin Stok and Mrs. Hedy
GOVERNANCE
Maria Helena Lapian, respectively as Independent Commissioners of the Company.
CORPORATE
ii. Mr. Honggo Widjojo Kangmasto and Mr. Hafid Hadeli, respectively as Vice President Directors of the Company and Mr. Herry Hykmanto,
Mrs. Rita Mirasari, Mr. Dadi Budiana, Mr. Muljono Tjandra, Mr. Naoki Mizoguchi and Mr. Thomas Sudarma, respectively as Directors of
the Company,
effective as of the closing of the Meeting.
With regards to the re-appointment of Mr. Peter Benyamin Stok as Independent Commissioner, he has submitted a Statement Letter to
Remain Independent as referred to in the requirements to become an Independent Commissioner in Article 25 of the Financial Services
Authority Regulation Number 33/POJK.04/2014.
d. Approve to reappoint Mr. M. Sirajuddin Syamsuddin as Chairman of the Sharia Supervisory Board and Mr. Hasanudin and Mr. Asep
Supyadillah, respectively as members of the Company’s Sharia Supervisory Board effective as of the closing of the Meeting.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 349
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CORPORATE
GOVERNANCE
Thus, the composition of the members of the Board of Commissioners, Board of Directors and Sharia Supervisory Board of the Company
is as follows:
Board of Commissioners:
President Commissioner : Yasushi Itagaki*
Vice President Commissioner (Independent) : Drs. Halim Alamsyah, S.H*
Commissioner : Nobuya Kawasaki
Commissioner : Dan Harsono
Independent Commissioner : Peter Benyamin Stok
Independent Commissioner : Hedy Maria Helena Lapian
* effective after the date of passing the fit and proper test from the Financial Service Authority
Director:
President Director : Daisuke Ejima*
Vice President Director : Honggo Widjojo Kangmasto
Vice President Director : Hafid Hadeli
Director : Herry Hykmanto
Director : Rita Mirasari
Director : Dadi Budiana
Director : Muljono Tjandra
Director : Naoki Mizoguchi
Director : Thomas Sudarma
* Effective April 1, 2023
Sharia Supervisory Board:
Chairman : M. Sirajuddin Syamsuddin
Member : Hasanudin
Member : Asep Supyadillah
for a term of office until the closing of the 3rd Annual General Meeting of Shareholders, which will be held no later than June 2026, without
prejudice to the right of the General Meeting of Shareholders to dismiss (them) at any time.
2. Approved to authorize the Company’s Board of Directors to state these decisions in one or more meeting resolution deeds made before
a notary, notify changes to the Company’s data to the Minister of Law and Human Rights of the Republic of Indonesia to obtain a letter of
acceptance of notification of changes to the Company’s data.
Total Abstain and Agree Votes: 9,123,450,891 shares or 99.998%
Voting Result
Abstain Disagree Agree
838,900 shares or 0.009% 212,331 shares or 0.009% 9,122,611,991 shares or 99.988%
AGMS – Sixth Agenda
Approve:
i. 2022 – 2023 Recovery Plan in fulfillment of article 31 paragraph 2 of POJK No. 14/POJK.03/2017 regarding Recovery Plan for Systemic Banks.
ii. 2022 Resolution Plan to fulfillment of article 8 of the Deposit Insurance Corporation Regulation No. 1 year 2021 regarding Resolution Plans for
Commercial Banks.
Total Abstain and Agree Votes: 9,123,598,322 shares or 99.999%
Voting Result
Abstain Disagree Agree
838,900 shares or 0.009% 64,900 shares or 0.001% 9,122,759,422 shares or 99.990%
350 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
GENERAL MEETING OF SHAREHOLDERS IN THE PREVIOUS YEAR
In 2022, The Company held 1 (one) Annual General Meeting of Shareholders (“AGMS”) on March 25, 2022 and decided
on 5 (five) Meeting agenda items, all Meeting decisions have been implemented in 2022 as listed below:
AGMS – First Agenda
MANAGEMENT REPORT
1. Approved the Company’s Annual Report for the fiscal year that ended on December 31, 2021;
2. Ratified the Company’s Consolidated Financial Statements for the fiscal year that ended on December 31, 2021, which have been audited by the
Public Accounting Firm Imelda & Rekan (a member firm of Deloitte Touche Tohmatsu Limited) as contained in the Independent Auditor’s Report,
dated January 28, 2022, Number 00015/2.1265/AU.1/07/0849-1/1/I/2022 with an unmodified opinion;
3. Ratified the Supervisory Task Report of the Company’s Board of Commissioners for the fiscal year that ended on December 31, 2021; and
4. Provided full release and discharge (“volledig acquit et decharge”) to: (i) the Board of Directors of the Company in carrying out their duties and
responsibilities for the management and duties and responsibilities of representing the Company; (ii) the Company’s Board of Commissioners in
carrying out supervisory duties and responsibilities as well as duties and responsibilities in providing advice to the Company’s Board of Directors;
and (iii) the Sharia Supervisory Board in carrying out the duties and responsibilities of supervising the sharia aspects of the implementation
of the Company’s business activities in accordance with sharia principles and providing advice and suggestions to the Board of Directors of
the Company, which was carried out in the fiscal year that ended on December 31, 2021, as long as the implementation of these duties and
responsibilities was reflected in the Company’s Annual Report for the fiscal year that ended on December 31, 2021.
Total Abstain and Agree Votes: 9,137,536,461 shares or 99.9988%
COMPANY PROFILE
Voting Result
Abstain Disagree Agree
228,000 shares or 0.0025% 105,200 shares or 0.0012% 9,137,308,461 shares or 99.9963%
AGMS – Second Agenda
Approved the use of the Company’s net profit for the fiscal year that ended on December 31, 2021 in the amount of IDR1,573,113,000,000.00 (one
trillion five hundred seventy three billion one hundred and thirteen million rupiah) with the following details:
1. 1% (one percent) of Net Profit or approximately IDR15,731,130,000.00 (fifteen billion seven hundred thirty-one million one hundred thirty
thousand rupiah) was set aside for reserve funds to comply with Article 70 of the Limited Liability Company Law;
2. 35% (thirty-five percent) of Net Profit or approximately IDR550,589,550,000.00 (five hundred fifty billion five hundred eighty-nine million five
hundred fifty thousand rupiah) or IDR56.33 (fifty-six point thirty three rupiah) per share (assuming the number of shares issued by the Company
DISCUSSION & ANALYSIS
on the Recording Date was not more than 9,773,552,870 (nine billion seven hundred seventy-three million five hundred fifty-two thousand eight
hundred and seventy) shares, paid as dividends for the fiscal year 2021, with the following conditions:
a. Dividends were paid to shareholders whose names were recorded in the Shareholders Registry on a date that was to be determined by the
Board of Directors of the Company (hereinafter referred to as the “Recording Date”);
MANAGEMENT
b. Dividends that were not taken after 5 (five) years from the date determined for the payment of past dividends, were included in the Special
Reserve Fund. The procedures for making dividends in the Special Reserves can be accessed on the Company’s website;
c. The shareholder dividend tax was to follow the applicable tax regulations;
d. The Board of Directors was given the power and authority to determine matters concerning or related to the implementation of dividend
payments for the 2021 fiscal year, including (but not limited to):
1) determining the Recording Date for the Company’s shareholders who were entitled to receive dividend payments for the 2021 fiscal
year; and
2) determining the date for the implementation of dividend payments for the 2021 fiscal year, and all matters without prejudice to
compliance with the Stock Exchange regulations where the Company’s shares were listed.
3. The remaining net profit for the 2021 fiscal year that was not determined for its use was recorded as the Company’s retained earnings.
OPERATIONAL REVIEW
Total Abstain and Agree Votes: 9,137,353,261 shares or 99.9968%
Voting Result
Abstain Disagree Agree
44,800 shares or 0.0005% 288,400 shares or 0.0032% 9,137,308,461 shares or 99.9963%
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 351
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CORPORATE
GOVERNANCE
AGMS – Third Agenda
1. Re-appoint Elisabeth Imelda as a Public Accountant and Imelda & Rekan (a member firm of the Deloitte Touche Tohmatsu Limited network) as
a Public Accounting Firm registered with the Financial Services Authority to audit the Company’s consolidated financial statements for the 2022
fiscal year;
2. Authorize to the Board of Commissioners to:
a. Determine the amount of honorarium and other requirements in connection with the appointment of the Public Accountant and the Public
Accountant Office,
b. Determining the replacement Public Accountant Office and/or Public Accountant in the event that Public Accountant Office Imelda & Rekan
(a member firm of the Deloitte Touche Tohmatsu Limited) network and/or Public Accountant Elisabeth Imelda for whatever reason could
not complete the audit process of the Company’s Financial Statements for the 2022 fiscal year.
Total Abstain and Agree Votes: 9,137,353,261 shares or 99.9968%
Voting Result
Abstain Disagree Agree
44,800 shares or 0.0005% 288,400 shares or 0,0032% 9,137,308,461 shares or 99.9963%
AGMS – Fourth Agenda
1. a. Approving the total bonus/tantiem payments to be distributed to the Board of Commissioners for the 2021 fiscal year;
b. Approving the total amount of salary/honorarium and/or allowances for the Board of Commissioners for the 2022 fiscal year to be
IDR17,572,130,220.00 (seventeen billion five hundred seventy-two million one hundred thirty thousand two hundred and twenty rupiah)
gross; and
c. Approving the granting of the powers of attorney to the President Commissioner of the Company to determine the amount of bonus/
tantiem for the 2021 fiscal year for each member of the Board of Commissioners based on the recommendations of the Nomination and
Remuneration Committee.
2. a. Approving the total bonus/tantiem payments to be distributed to the Sharia Supervisory Board for the 2021 fiscal year;
b. Approving the total amount of salary/honorarium and allowances for the Sharia Supervisory Board for the 2022 fiscal year to be a maximum
of IDR769,015,854.00 (seven hundred sixty-nine million fifteen thousand eight hundred and fifty-four rupiah) gross; and
c. Approving the granting of the power of attorney to the Company’s Board of Commissioners to determine the amount of bonus/tantiem for
the 2021 fiscal year for each member of the Sharia Supervisory Board based on the recommendations of the Nomination and Remuneration
Committee.
3. a. Approving the total bonus/tantiem payments to be distributed to the Board of Directors for the 2021 fiscal year;
b. Approving the total amount of salaries and allowances and/or other income for the Board of Directors of the Company for the 2022 fiscal
year to be a maximum of IDR58,237,400,016.00 (fifty eight billion two hundred thirty seven million four hundred thousand and sixteen
rupiah) gross ; and
c. Approving the granting of the power of attorney to the Company’s Board of Commissioners to determine the amount of bonus/tantiem
for the 2021 fiscal year for each member of the Board of Directors based on the recommendations of the Nomination and Remuneration
Committee.
Total Abstain and Agree Votes: 9,137,353,261 shares or 99.9968%
Voting Result
Abstain Disagree Agree
51,600 shares or 0.0005% 288,400 shares or 0.0032% 9,137,301,661 shares or 99.9963%
352 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
AGMS – Firth Agenda
1.a. Approving the termination of the term of office of Mr. Takayoshi Futae from his position as President Commissioner of the Company and
Mr. Takanori Sazaki as Commissioner of the Company as of the closing of this Meeting, with thanks for the services that have been provided
to the Company.
b. Agreeing to appoint:
1) Mr. Kenichi Yamato as President Commissioner;
2) Mr. Shuichi Yokoyama as Commissioner.
MANAGEMENT REPORT
Wherein the appointment of Mr. Kenichi Yamato as President Commissioner and Mr. Shuichi Yokoyama as Commissioner of the Company
was effective from the date of passing the fit and proper test from the Financial Services Authority, for a term of office that was in accordance
with the remaining term of office of the currently serving members of the Company’s Board of Commissioners at the moment.
c. Approving the appointment of Mr. Hafid Hadeli as Vice President Director of the Company, wherein the appointment of Mr. Hafid Hadeli was
to be effective after (i) his resignation as President Director of PT Adira Dinamika Multi Finance, Tbk. (“ADMF”) was approved by the General
Meeting of Shareholders (“GMS”) of ADMF and (ii) passing the fit and proper test from the Financial Services Authority, for a term of office
that was in accordance with the remaining term of office of the currently serving members of the Board of Directors of the Company.
d. Approving the appointment of Mr. Thomas Sudarma as Director of the Company, effective from the date of passing the fit and proper test
from the Financial Services Authority, for a term of office that was in accordance with the remaining term of office of the currently serving
members of the Company’s Board of Directors.
As a result, the composition of the members of the Company’s Board of Commissioners and Board of Directors is as follows:
Board of Commissioners
COMPANY PROFILE
President Commissioner : Kenichi Yamato*
Vice President Commissioner (Independent) : Prof. Dr. Johanes Berchmans Kristiadi Pudjosukanto
Independent Commissioner : Peter Benyamin Stok
Commissioner : Nobuya Kawasaki
Independent Commissioner : Hedy Maria Helena Lapian
Commissioner : Dan Harsono
Independent Commissioner : Halim Alamsyah
Commissioner : Shuichi Yokoyama*
Board of Directors
President Director : Yasushi Itagaki
Vice President Director : Honggo Widjojo Kangmasto
Vice President Director : Hafid Hadeli**
DISCUSSION & ANALYSIS
Director : Herry Hykmanto
Director : Rita Mirasari
Director : Heriyanto Agung Putra
Director : Dadi Budiana
MANAGEMENT
Director : Muljono Tjandra
Director : Naoki Mizoguchi
Director : Thomas Sudarma*
* Effective from the date of passing the fit and proper test from the Financial Services Authority.
** (i) Effective after the resignation as President Director of PT Adira Dinamika Multi Finance Tbk (“ADMF”) is approved by the ADMF GMS and
(ii) passing the fit and proper test from the Financial Services Authority.
For a term of office until the closing of the Company’s Annual General Meeting of Shareholders (GMS) for the fiscal year ending on December
31, 2022, which is to be held no later than June 2023, without prejudice to the right of the GMS to terminate at any time.
OPERATIONAL REVIEW
2. Agreeing to authorize the Board of Directors of the Company to state these decisions in a deed of statement of meeting decisions (or more)
made before a notary, to notify the changes to the Company’s data to the Minister of Law and Human Rights of the Republic of Indonesia, and
to obtain a letter of receipt of notification of these changes to the Company’s data.
Total Abstain and Agree Votes: 9,137,536,461 shares or 99.9988%
Voting Result
Abstain Disagree Agree
228,100 shares or 0.0025% 105,200 shares or 0.0012% 9,137,308,361 shares or 99.9963% GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 353
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CORPORATE
GOVERNANCE
BOARD OF COMMISSIONERS
The Board of Commissioners is an organizational WORK ETHICS
body of an Issuer or the Public Limited Company for a. Shall refrain from taking advantages of the Company
exercising general and/or specific oversight pursuant to for personal, family and/or other parties’ interests
the Articles of Association and providing advice to the which could cause harm to the Company’s and its
Board of Directors. subsidiaries’ profitability and reputation.
b. Shall refrain from making and/or taking personal
The Board of Commissioners is collectively tasked and benefits from the Company other than remuneration
responsible for overseeing and providing advices to and facilities determined at the General Meeting of
the Board of Directors and ensuring that the Company Shareholders.
applies corporate governance principles. The working c. Shall refrain from directly or indirectly making
relationship between the two Boards is that of checks untrue statements on material facts or not disclosing
and balances on a principle that the two organizational material facts to avoid misleading statements about
bodies have equal status and share a common objective the condition of the Company at the time the
to ensure the health and progress of the company. statements are made.
d. During oversight, shall refrain from interfering the
Company’s operational decision making except for
Members of the Board of Commissioners are appointed the provision of funds to related parties and other
and dismissed by GMS based on a transparent process matters stipulated in the Company’s Articles of
and due regards with recommendations from the Association.
Nomination and Remuneration Committee. They are e. Shall avoid all forms of conflict of interest in exercising
appointed for a term of office of 3 (three) years and may the oversight duty on the Bank management.
be reappointed pursuant to the Company’s Articles of f. Prohibited from requesting, receiving, allowing,
Association. and/or agreeing to receive rewards, commissions,
additional money, services, money, valuables,
The appointment of members of the Board of and/or anything that has economic value or other
Commissioners is declared effective after they pass benefits, for personal, family, and other parties’
the fit and proper test given by the Financial Services benefits, in the implementation of the Bank’s
Authority. The members can be dismissed by the GMS business activities and other activities related to the
prior to the end of their term of office. Bank.
g. Refuse and/or take an order or request from the
THE BOARD OF COMMISSIONERS CHARTER Bank’s shareholders, affiliated parties, and/or other
AND WORK GUIDELINES parties to:
The Board of Commissioners has a Board of · perform actions related to the Bank’s business
Commissioners Charter that governs among other activities and/or other activities that are not in
matters, roles and accountability, structure and accordance with the implementation of Good
membership, Independent Commissioners, term Governance at the Bank.
of office, duties and responsibilities, authority, · commit criminal offences and/or things that
work ethics and prohibitions against the Board of indicate criminal offences.
Commissioners, meetings and implementation of · perform actions and matters that may harm,
meetings, transparency, and reporting. The Charter is potentially harm, and/or reduce the Bank’s
prepared and reviewed periodically based on applicable profits.
regulations, governance principles, as well as best
governance practices.
354 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
DUTIES AND RESPONSIBILITIES OF THE BOARD 11. The Board of Commissioners shall make
OF COMMISSIONERS recommendations on improvements or suggestions
1. The Board of Commissioners adheres to a code of from the Audit Committee and submit these
conduct, applicable laws and regulations, and to the recommendations to the Board of Directors.
Company’s internal regulations and policies. 12. The Board of Commissioners shall keep the
MANAGEMENT REPORT
2. The Board of Commissioners must carry out its confidentiality of all of the Company’s documents,
duties and responsibilities independently. In data and information.
carrying out its duties, the members of Board of 13. The Board of Commissioners shall notify the
Commissioners shall make time to carry out their Financial Services Authority no later than 5 (five)
duties and responsibilities optimally. working days since the following are identified:
3. Ensuring good corporate governance - Violations of laws and regulations in the field of
implementation throughout all of Danamon’s finance, banking and those to bank business.
business activities at all levels of the organization. - Circumstances that may jeopardize the
4. During oversight, the Board of Commissioners continuity of the Company’s business.
shall direct, monitor, and evaluate implementation 14. The Board of Commissioners shall monitor and
COMPANY PROFILE
of integrated governance, risk management and evaluate the Company’s information technology
compliance as well as the Bank’s strategic policies strategic plan, including reviewing risk management
pursuant to provisions of statutory regulations, policies and procedures on information technology
articles of association and/or GMS decisions. usage by the Company proposed by the Board of
5. The Board of Commissioners shall not participate Directors.
in operational decision making decisions except for 15. The Board of Commissioners shall prepare, review
the following: and update the charter and work rules of Board of
- The provision of funds to related parties. Commissioners periodically.
- Other matters stipulated in the Articles of 16. Members of the Board of Commissioners must
DISCUSSION & ANALYSIS
Association of Danamon and within applicable improve their competence through continuous
laws and regulations. education and training.
MANAGEMENT
6. The Board of Commissioners shall review the 17. Shall give recommendations to GMS for approval on
Company’s vision and mission. the appointment Public Accountant and/or Public
7. In order to support the effectiveness of carrying Accounting Firm that will provide audit services for
out its duties and responsibilities, the Board of annual historical financial information.
Commissioners shall form: 18. The responsibility of UUS development for the Board
· Audit Committee of Commissioners is carried out in accordance with
· Risk Oversight Committee POJK regarding sharia business units.
OPERATIONAL REVIEW
· Nomination and Remuneration Committee
· Corporate Governance Committee PRESIDENT COMMISSIONER: DUTIES AND
· Integrated Corporate Governance Committee RESPONSIBILITIES
8. The Board of Commissioners shall evaluate the To serve as the coordinator for the Board of
performance of the committees at least at the end Commissioners as it carries out its duties and
of each financial year. responsibilities, including:
9. Members of the Board of Commissioners shall a. Receiving reports from Committees under the
sit as a member or as a chairman of one of the Board of Commissioners.
aforementioned committees, as recommended by b. Leading the Board of Commissioners in carrying
the Nomination and Remuneration Committee and out its supervisory and assurance duties,
GOVERNANCE
CORPORATE
ensure these committees do their duties effectively. determining the urgency of a situation if a Board of
10. The Board of Commissioners shall ensure that the Commissioners meeting is to be held in less than 5
Board of Directors has followed up on audit findings (five) days.
and recommendations from The Company’s Internal c. Receiving power of attorney from the GMS to
Audit Unit, from external auditors, from the results distribute bonuses to Board of Commissioners
of supervision by the Financial Services Authority, members.
and/or from the results of supervision by other
authorities and institutions.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 355
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CORPORATE
GOVERNANCE
BOARD OF COMMISSIONERS: AUTHORITY
The authority of the Board of Commissioners is regulated by the Articles of Association, Governance Policy, and the
Board of Commissioners Charter, which includes:
a. Accessing the Company’s documents, data and information on employees, funds, assets and resources whenever
necessary.
b. Communicating with the Board of Directors, employees and other parties on the implementation of their duties
and responsibilities.
c. Involving independent parties outside the Board of Commissioners to assist the board in carrying out its duties
whenever necessary.
d. Exercising other forms of authority granted to it by the Articles of Association of the Company and by applicable
laws and regulations.
NUMBER, COMPOSITION AND CRITERIA OF THE BOARD OF COMMISSIONERS
The composition, number and composition of the Company’s Board of Commissioners are as follows:
No. Name Position
1 Yasushi Itagaki President commissioner
2 Halim Alamsyah Vice President Commissioner (Independent)
3 Peter Benyamin Stok Independent Commissioner
4 Nobuya Kawasaki Commissioner
5 Hedy Maria Helena Lapian Independent Commissioner
6 Dan Harsono Commissioner
All members of the Board of Commissioners have passed the fit and proper test from the OJK.
As of December 31, 2023, the Company’s Board of be reappointed by taking into account applicable
Commissioners had 6 (six) members. This did not provisions. Board of Commissioners members can
exceed the number of Board of Directors members, be dismissed at any time by the General Meeting of
which is 9 (nine) members. Shareholders prior to the end of their term of office.
This termination is considered effective since the
Half or 50% of Board of Commissioners members closing of the meeting, unless the General Meeting of
are Independent Commissioners – specifically, Halim Shareholders determines otherwise.
Alamsyah, Peter Benyamin Stok and Hedy Maria
Helena Lapian who resided in Indonesia. The number The term of office of a member of the Board of
and composition of the Board of Commissioners Commissioners will automatically end if the referred
are in accordance with the needs and complexity member:
of the Company. Both have also taken into account · Is declared bankrupt or is placed under guardianship
effectiveness in decision making and compliance with based on a court decision.
applicable laws and regulations. · Is suspended from serving as a member of the Board
of Commissioners because of statutory provisions
The term of office of the current Board of Commissioners or provisions of laws and regulations.
ends at the closing of the third Annual General Meeting · Passed away.
of Shareholders in June 2026, without prejudice to the · Terminated based on GMS decisions.
right of the General Meeting of Shareholders to carry · Fails to meet the criteria as referred to in the
out a termination at any time. Board of Commissioners provisions of laws and regulations.
members whose terms of office have ended may · Resigns.
356 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Effective date
Term of Number of
Name Position AGM Date (Agreement BI/ Domicile
Office Appointments
OJK)
Yasushi Itagaki President March 31, 2023 January 1, 2024 2023 - 2026 1x Japan
Commissioner
MANAGEMENT REPORT
Halim Alamsyah Independent August 26, 2021 November 15, 2021 2021 - 2023 2x Indonesia
Commissioner
Vice President March 31, 2023 June 7, 2023 2023 – 2026
Commissioner
(Independent)
Peter Benyamin Independent March 20, 2018 July 5, 2018 2018-2020 3x Indonesia
Stok Commissioner
March 26, 2019* April 25, 2019** 2019-2020
March 23, 2020 2020 – 2023
March 31, 2023 2023 – 2026
COMPANY PROFILE
Nobuya Kawasaki Commissioner October 1, 2019 May 20, 2020 2019-2020 3x Japan
March 23, 2020 2020 – 2023
March 31, 2023 2023 – 2026
Hedy Maria Helena Independent November 26, 2020 December 21, 2020 2020 – 2023 2x Indonesia
Lapian Commissioner
March 31, 2023 2023 – 2026
Dan Harsono Commissioner April 30, 2021 November 18, 2021 2021-2023 2x Thailand
March 31, 2023 2023 – 2026
DISCUSSION & ANALYSIS
Information:
* In accordance with the EGMS decision on March 26, 2019, we have approved changes to the composition of the Board of Commissioners due
to the merger process between PT Bank Danamon Indonesia Tbk and PT Bank Nusantara Parahyangan Tbk (“BNP”).
MANAGEMENT
** Based on OJK letter No. S-122/PB.122/2019 dated April 25, 2019 concerning Submission of the Decision of the Board of Commissioners of the
Financial Services Authority regarding the Merger of PT Bank Nusantara Parahyangan Tbk into PT Bank Danamon Indonesia Tbk and the PKK
Results of the Management of PT Bank Danamon Indonesia Tbk ( as a result of the merger), the entire Board of Commissioners has passed
the fit and proper test from the OJK.
CRITERIA FOR INDEPENDENT COMMISSIONER 4. Prior to appointment as independent commissioner,
In addition to meeting the criteria for Board of former members of the Board of Directors or
Commissioners member, an Independent Commissioner Executive Officers of the Company or parties who
OPERATIONAL REVIEW
of the Company shall meet following criteria: have a relationship with the Company that may
1. Have no financial, management, share ownership affect their ability to act independently shall wait
and/or family relationships with members of for at least 1 (one) full year. The waiting period for
the Board of Directors, fellow members of the former President Directors and former members
Board of Commissioners and/or with controlling of the Board of Directors with oversight function or
shareholders, including relationship of any other Executive Officers who carry out oversight functions
sort with the Company that may keep them from is at least 6 (six) months prior to appointment as
acting independently. Independent Commissioner.
2. Has no own shares in the Company (either directly 5. Non-Independent Commissioner can become
or indirectly). Independent Commissioners if they meet the
GOVERNANCE
CORPORATE
3. Has no direct or indirect business relationships in criteria as an Independent Commissioner that is to
relation to the Company’s business activities. wait for 1 (one) full year.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 357
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CORPORATE
GOVERNANCE
6. The transition from Non-Independent Commissioner to Independent Commissioner must obtain OJK approval
through a fit and proper test.
7. The dismissal or replacement of an Independent Commissioner before their term of office ends must obtain
prior approval from the OJK prior to appointment by GMS.
8. Has adequate knowledge in the banking sector that is relevant to their position as Independent Commissioner.
9. Has experience in banking and/or finance.
10. All Independent Commissioners must sign a statement of independence. This statement must be prepared and
updated regularly with a statement of not assuming any other positions unpermitted by the Financial Services
Authority.
BOARD OF COMMISSIONERS: INDEPENDENCE OF MEMBERS
All of the current Board of Commissioners members do not have family relations to the second degree with their
fellow members, members of the Board of Directors, or with Controlling Shareholders. More than of 50% (fifty
percent) of the Board of Commissioners members have no financial relationship with the controlling shareholder and
none of the Board of Commissioners members has financial relationship with their fellow members and members
of the Board of Directors.
FAMILY AND FINANCIAL RELATIONSHIP
The family and financial relationships of member of the Board of Commissioners with fellow members of the Board of
Commissioners, members of the Board of Directors and Controlling Shareholders, can be seen in the following table:
Family Relations with Financial Relationship with
Member of Member of Member of Member of
Shareholder Shareholder
Name Position The Board of The Board of The Board of The Board of
Controller Controller
Commissioner Directors Commissioner Directors
Yes No Yes No Yes No Yes No Yes No Yes No
Yasushi Itagaki President
- √ - √ - √ - √ - √ √ -
Commissioner
Halim Alamsyah Vice President
Commissioner - √ - √ - √ - √ - √ - √
(Independent)
Peter Benyamin Stok Independent
- √ - √ - √ - √ - √ - √
Commissioner
Nobuya Kawasaki Commissioner - √ - √ - √ - √ - √ √ -
Hedy Maria Helena Independent
- √ - √ - √ - √ - √ - √
Lapian Commissioner
Dan Harsono Commissioner - √ - √ - √ - √ - √ - √
358 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
STATEMENT OF INDEPENDENCE OF THE INDEPENDENT COMMISSIONER
MANAGEMENT REPORT
COMPANY PROFILE
DISCUSSION & ANALYSIS
MANAGEMENT
BOARD OF COMMISSIONERS: CONCURRENT The following do not count as concurrent positions for
POSITIONS OF MEMBERS members of the Board of Commissioners:
Members of the Board of Commissioners are prohibited a. Members of the Board of Commissioners serve as
from holding concurrent positions: members of the board of Directors, members of the
a. As a member of the board of Directors, member of board of Commissioners or Executive Officers who
the board of Commissioners, member of the Sharia carry out supervisory functions in 1 (one) non-bank
OPERATIONAL REVIEW
Supervisory board, or Executive Officer at a financial subsidiaries controlled by the Bank.
institution or financial company both banks and b. Non-Independent Commissioners that perform the
non-banks. functional duties of the Bank’s shareholders in the
b. As a member of the board of Directors, member of form of legal entities in the Bank and/or the Bank’s
the board of Commissioners, member of the Sharia business group.
Supervisory board, or Executive Officer at more c. Members of the Board of Commissioners of non-
than 1 (one) non-financial institution or company, profit organisations or institution.
both domiciled within and outside the country.
c. In the field of functional duties at Bank financial As long as the person concerned does not neglect the
institutions and/or non-bank financial institutions implementation of their duties and responsibilities
GOVERNANCE
CORPORATE
both domiciled within and outside the country. as a member of the Board of Commissioners at the
d. In other positions that may cause conflict of interest Company.
in the performance of duties as a member of the
Board of Commissioners. Member of the Company’s Board of Commissioners
e. in other positions in accordance with the provisions have disclosed their concurrent positions in Statement
of laws and regulations. Letters which state that they assume no other positions
than that permitted by regulations on governance for
commercial banks.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 359
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CORPORATE
GOVERNANCE
Information on concurrent positions for Board of Commissioners members as of December 31, 2023 can be seen in
the table below.
Name Position in The Company Positions in Other Institutions/Companies
Yasushi Itagaki President Commissioner 1. Senior Managing Corporate Executive, Group Chief Operating Officer
International (COO-I), Group Head Grup Bisnis Global Commercial Banking
(GCB), Mitsubishi UFJ Financial Group.
2. Member of the Board of Directors, Vice President (Representative of the
Board of Directors), Chief Executive of Global Commercial Banking (GCB),
Business Unit, Chief Operating Officer International (COO-I), MUFG Bank, Ltd.
Halim Alamsyah Vice President 1. Expert Staff in Finance and Sharia Finance - Ministry of Finance of the
Commissioner Republic of Indonesia
(Independent) 2. Member of the Audit Committee - PT Sinarmas Multi Artha Tbk
3. Sharia Prudential Advisor
4. President Commissioner of PT Indosat Tbk
Peter Benyamin Stok Independent Commissioner -
Nobuya Kawasaki Commissioner Executive Officer, Deputy Group Head of Global Commercial Banking Business
Group, MUFG Bank Ltd.
Hedy Maria Helena Lapian Independent Commissioner Independent Commissioner of PT Supra Boga Lestari Tbk
Dan Harsono Commissioner 1. Commissioner, PT Home Credit Indonesia.
2. Advisor Hatta Bank Public Company Limited.
3. Senior Advisor and/or M&A Specialist of Ayudhya Bank PCL (Krungsri Bank),
Bangkok.
4. Advisor Krungsri Leasing Service Co., Ltd.
5. Advisor MUFG Bank Ltd.
6. Advisor SB Finance Company, Inc, Philippines.
7. Director of Alliance Ayudhya Assurance PCL.
8. Director of Pak Sabai Co., Ltd.
9. Chairman of member council Director of SHBank Finance Co. Ltd (Vietnam).
10. Chairman of HC Consumer Finance Philippines, Inc.
11. Director of Alliance Ayudhya General Insurance PCL.
SHARES OWNERSHIP OF MEMBERS OF THE BOARD OF COMMISSIONERS
Given below is the direct and indirect share ownership of each member of the Board of Commissioners in the
Company, other banks, non-bank financial institutions and other companies As of December 31, 2023,
Share Ownership At
Name Position Non-Bank
Company Other Bank Financial Other Company
Institution
Yasushi Itagaki President Commissioner - Mitsubishi UFJ Financial - -
Group inc.
Number of shares owned
19,700 shares
Halim Alamsyah Vice President Commissioner - PT Bank Syariah - • PT Aneka Tambang Tbk
(Independent) Indonesia Tbk Number of shares owned
Number of shares 200,000 shares
owned 150,000 shares • PT Bukalapak.com Tbk
Number of shares owned
360 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Share Ownership At
Name Position Non-Bank
Company Other Bank Financial Other Company
Institution
Peter Benyamin Independent Commissioner • PT Telkom (Persero) Tbk
Stok Number of shares owned
MANAGEMENT REPORT
153,900 shares
• PT Energi Mega Persada Tbk
Number of shares owned
451,125 shares
• PT Kawasan Industri
Jababeka Tbk
Number of shares owned 33
shares
• PT Krakatau Steel (Persero)
Tbk
Number of shares owned
500 shares
• PT Resources Alam Indonesia
Tbk
Number of shares owned
COMPANY PROFILE
335,000 shares
• PT Semen Indonesia
(Persero) Tbk
Number of shares owned
20,500 shares
• PT Wahana Ottomitra
Multiartha Tbk
Number of shares owned
1,009,600 shares
• PT Waskita Beton Precast Tbk
Number of shares owned
608,000 shares
• PT Dayamitra Telekomunikasi
DISCUSSION & ANALYSIS
Tbk
Number of shares owned
571,500 shares
• PT Bukit Asam Tbk
MANAGEMENT
Number of shares owned
73,500 shares
Nobuya Commissioner - - - -
Kawasaki
Hedy Maria Independent Commissioner - PT Bank CIMB Niaga Tbk -
Helena Lapian Number of shares owned -
173,400 shares
Dan Harsono Commissioner - - - -
OPERATIONAL REVIEW
POLICY ON DIVERSITY IN THE COMPOSITION REMUNERATION OF THE BOARD OF
OF THE BOARD OF COMMISSIONERS COMMISSIONERS
In the process of nominating members to determine
the Board of Commissioners composition, diversity Indicators and Procedures for Determining
aspect is also considered besides minimum criteria, Remuneration
the scope and balance of knowledge, expertise and The remuneration for members of the Board
experience. An optimum composition should help the of Commissioners is determined based on the
Board of Commissioners implement its duties and performance of each with due consideration on their
responsibilities more effectively. respective duties and responsibilities.
GOVERNANCE
CORPORATE
In this context, the Company has a Diversity Policy The remuneration formulation refers to the Company
that serves as reference in the process of nominating internal policies and condition, applicable external
candidates for members of the Board of Commissioners. regulations, and industry benchmark. The Nomination
The Company appreciates and respects every difference and Remuneration Committee gives recommendations
in perspective, knowledge, ability and experience of to the Board of Commissioners and submits them to
each individual without prejudice against race, ethnicity, the General Meeting of Shareholders for approval. The
gender and religion. division of remuneration is carried out by the President
Commissioner. The General Meeting of Shareholders
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 361
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CORPORATE
GOVERNANCE
will then approve the delegation of power to the President Commissioner of Company to determine the amounts of
bonus/tantiem and salary or honorarium and allowances during the 2023 financial year for each member based on
recommendations from the Nomination and Remuneration Committee.
PROCEDURE FOR DETERMINING THE REMUNERATION OF THE BOARD OF COMMISSIONERS
Nomination and Remuneration Committee
Nomination and Remuneration Committee gathers information on remuneration standards
for similar positions and industries in the market by taking into account Danamon’s
performance. The Committee makes recommendations to the Board of Commissioners.
Board of Commissioners
The BOC studies the recommendations of the Nomination and Remuneration Committee
and proposes the remuneration of the BOC to the GMS.
General Meeting of Shareholders
The GMS determines the remuneration for members of the Board of Commissioners and
authorizes the President Commissioner to carry out the distribution to each member of the
Board of Commissioners.
Remuneration of Commissioner Members
The distribution of remuneration to members of the Board of Commissioners is in accordance
with the results of the GMS decision.
REMUNERATION STRUCTURE OF THE BOARD c. The Board of Commissioners meetings can be held
OF COMMISSIONERS if attended by the majority of members of the Board
The remuneration packages received by members of Commissioners.
of the Board of Commissioners for 1 (one) fiscal year d. The Board of Commissioners shall hold at least 1
along with the grouping of remuneration levels and (one) meeting with the Board of Directors in 4 (four)
total members of the Board of Commissioners who months.
receive remuneration packages are disclosed in the e. Members of the Board of Commissioners
Remuneration Policy section of this report. shall attend at least 75% of the total Board of
Commissioners meetings in a year. Members of
BOARD OF COMMISSIONERS MEETING the Board of Commissioners who cannot attend
Board of Commissioners Meeting Policy meetings physically can participate in meetings via
a. The Board of Commissioners shall hold at least teleconference or video conference.
1 (one) meeting in 2 (two) months or at anytime if f. The Board of Commissioners meeting shall be
deemed necessary. chaired by the President Commissioner. If the
b. The Board of Commissioners shall hold a minimum President Commissioner is not present, a present
of 2 (two) Board of Commissioners meetings a year member of the Board of Commissioners shall be
which are physically attended by all members. In appointed to chair the meeting.
the event that a Non-Independent Commissioner g. The Board of Commissioners shall schedule the
cannot physically attend a Board of Commissioners following year’s meetings before the end of the
meeting, they can attend a face-to-face meeting financial year.
of the Board of Commissioners using information
technology.
362 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
h. Decisions at Board of Commissioners meetings shall be taken by deliberation and consensus. In cases where
consensus deliberation is not reached, the decision shall be made by at least 2/3 (two thirds) of the present
members. Decisions made by 2/3 (two thirds) are based on the principle that 1 (one) person counts for 1 (one)
vote.
i. The results of meetings of the Board of Commissioners, including joint meetings with the Board of Directors,
MANAGEMENT REPORT
shall be included in the minutes of the meeting, approved by all present members, properly documented, and
submitted to all members of the Board of Commissioners.
j. All decisions made by the Board of Commissioners are binding on all of its members. Dissenting opinions during
the Board of Commissioners meetings shall be stated clearly in the minutes of the meeting along with underlying
reasons.
k. The Board of Commissioners can make legal and binding decisions without a meeting on condition that all
members of the Board of Commissioners approve the decision in writing.
l. In a meeting of the Board of Commissioners, a member of the Board of Commissioners can only be represented
by another member with a power of attorney.
m. Every member of the Board of Commissioners that in any way, either directly or indirectly, has a personal interest
COMPANY PROFILE
or conflict in a transaction, contract or proposed contract in which the Company is a party, shall declare the
nature of that interest in a meeting of the Board of Commissioners and is not entitled to participate in voting
related to the transactions, contracts or contract proposals mentioned above, unless determined otherwise by
the Board of Commissioners meeting.
BOARD OF COMMISSIONERS MEETING FREQUENCY
Throughout 2023, the Board of Commissioners held 6 (six) internal and 3 (three) joint meetings with the Directors.
BOARD OF COMMISSIONERS MEETING AGENDA
DISCUSSION & ANALYSIS
No Meeting Date Meeting Agenda
MANAGEMENT
1 January 27, 2023 · Review and Approval of Meeting Minutes
· Risk Oversight Committee Report
· Audit Committee Report
2 March 31, 2023 · Review and Approval of Meeting Minutes
· Risk Monitoring Committee Report
· Audit Committee Report
3 May 30, 2023 · Review and Approval of Meeting Minutes
· Risk Oversight Committee Report
OPERATIONAL REVIEW
· Audit Committee Report
4 July 27, 2023 · Review and Approval of Meeting Minutes
· Committee Reports (Risk Oversight Committee, Audit Committee, and Governance
Committee)
5 September 22, 2023 · Review and Approval of Meeting Minutes
· Risk Oversight Committee Report
· Audit Committee Report
6 November 28, 2023 · Review and Approval of Meeting Minutes
· Risk Oversight Committee Report
· Audit Committee Report
GOVERNANCE
CORPORATE
BOARD OF COMMISSIONERS MEETING AGENDA INVITING THE BOARD OF DIRECTORS
No Meeting Date Meeting Agenda
1 January 27, 2023 · Review and Approval of Meeting Minutes
· Business Updates (CEO, Financial and Asset Quality Updates)
· 2023 GMS
2 May 30, 2023 · Review and Approval of Meeting Minutes
· Business Updates (CEO, Financial and Asset Quality Updates)
3 September 22, 2023 · Review and Approval of Meeting Minutes
CORPORATE DATA
· Business Updates (CEO, Financial and Asset Quality Updates)
· Progress made on Sustainable Finance
· Project Sapient/Proyek Cerdas
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 363
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CORPORATE
GOVERNANCE
ATTENDANCE RATES AT MEETINGS
The attendance of members of the Board of Commissioners at meetings held during 2023 is as follows:
Attendance of Joint Meeting of Board
Attendance of Board of
of Commissioners and Board of
Name Commissioners Meetings
Directors
(Total 6 meetings)
(Total 3 meetings)
Yasushi Itagaki* 4/4 2/2
Halim Alamsyah 6/6 3/3
Peter Benyamin Stok 6/6 3/3
Nobuya Kawasaki 6/6 3/3
Hedy Maria Helena Lapian 6/6 3/3
Dan Harsono 6/6 3/3
*Appointed as President Commissioner at the AGMS March 31 2023
All meetings held during 2023 met the meeting quorum 1. Structure and composition of the Board of
requirements and were attended both physically and Commissioners.
via teleconference technology by members of the 2. Effectiveness of implementing committee work
Board of Commissioners. Meeting decisions were made programs under the Board of Commissioners.
by deliberation and consensus since there were no 3. Supervision of strategy implementation and
dissenting opinions in the decisions of meetings held management company.
during 2023. Information about the schedule, agenda, 4. Implementation of good corporate governance at
materials, results and minutes of meetings held has the Company.
been distributed to meeting participants and has been 5. Implementation of risk management and internal
properly documented. control in dealing with potential risks.
BOARD OF COMMISSIONERS MEETING PLAN The individual performance of the Board of
SCHEDULE FOR 2024 Commissioners is assessed every year by the President
At the end of 2023, the Board of Commissioners has Commissioner based on agreed benchmarks. The
prepared a made meeting schedule for 2024, consisting results of the performance assessment of members
of 6 (six) Board of Commissioners meetings and 3 of the Board of Commissioners are one of the basic
(three) joint meetings with the Board of Directors. considerations for the Nomination Committee
in providing recommendations to the Board of
IMPLEMENTATION OF DUTIES AND Commissioners to reappoint members of the Board of
RECOMMENDATIONS OF THE BOARD OF Commissioners as well as material for consideration in
COMMISSIONERS IN 2023 preparing the remuneration structure for the Board of
In carrying out its supervisory function, the Board of Commissioners.
Commissioners gives recommendations to the Board
of Directors with due consideration on input from the ORIENTATION PROGRAM FOR NEW
supporting Committees. COMMISSIONERS
The Company has an introduction program for its
BOARD OF COMMISSIONERS PERFORMANCE new Commissioners that aims to give an insight to the
ASSESSMENT Company’s vision, mission and Corporate Culture, code
The Company has a specific policy that offers guidance of conduct, organizational structure, business lines,
in assessing the effectiveness of the implementation Board of Commissioners Charter, as well as banking
of the duties and responsibilities of the Board of and capital market regulations. The orientation program
Commissioners both collegially and individually is carried out through an On-Boarding Program and
in accordance with statutory regulations and The brief face-to-face presentations by management,
Company’s Articles of Association. The performance of business units and other support units.
the Board of Commissioners is assessed by considering
several components, including:
364 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
BOARD OF COMMISSIONERS TRAINING PROGRAM
Members of the Board of Commissioners are always given the opportunity to improve their competency through
training programs/seminars/workshops organized internally and externally. Given below is the participation of
members of the Board of Commissioners in training programs/seminars/workshops during 2023:
MANAGEMENT REPORT
Training/Conference/
Name Organizer Location Date
Seminar/Workshop
Yasushi Itagaki Managing Emerging Risks in Today’s World Bank Danamon Online October 30, 2023
Halim Alamsyah Managing Emerging Risks in Today’s World Bank Danamon Online October 30, 2023
Peter Benyamin Managing Emerging Risks in Today’s World Bank Danamon Online October 30, 2023
Stok
Nobuya Kawasaki Managing Emerging Risks in Today’s World Bank Danamon Online October 30, 2023
Hedy Maria OJK Institute Webinar “Getting to Know OJK Online June 22, 2023
Helena Lapian More of the Regulations on the P2SK Law to
COMPANY PROFILE
Strengthen the Banking Sector”
Managing Emerging Risks in Today’s World Bank Danamon Online October 30, 2023
Dan Harsono Managing Emerging Risks in Today’s World Bank Danamon Online October 30, 2023
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 365
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CORPORATE
GOVERNANCE
COMMITTEES UNDER THE
BOARD OF COMMISSIONERS
To assist and support it in carrying out its duties and Board of Directors shall appoint and dismiss members
responsibilities, the Board of Commissioners has set of the Board of Commissioners Committees based on
up Board of Commissioners committees, who report the decision of the Board of Commissioners meeting.
directly to the Board of Commissioners. The Board of Each of the Committees is chaired by an Independent
Commissioners has 5 (five) committees to support the Commissioner.
effectiveness of its duties and responsibilities:
1. Audit Committee. PERFORMANCE ASSESSMENT OF THE BOARD
2. Risk Oversight Committee. OF COMMISSIONERS COMMITTEES
3. Nomination and Remuneration Committee.
4. Corporate Governance Committee. The Board of Commissioners assesses the performance
5. Integrated Corporate Governance Committee. of its Committees based on their duties and
responsibilities implementation reports. The Board of
Each of the committees has Committee Charter Commissioners assesses the Committees performed
prepared and reviewed periodically based on well during 2023 and made great contribution to
applicable regulations. Members of the Committees the supporting the implementation of its duties and
are appointed by the Board of Commissioners based responsibilities.
on the Board Meeting and/or circular decisions. The
PROFILE OF COMMITTEE MEMBER
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Yasushi Itagaki - Japanese citizen Member of the April 2023 - present Banking and Financial Bachelor of Laws,
59 Years Old - Domicile in Japan Nomination and Industry University of Kyoto
President Remuneration (1987).
commissioner Committee
Work Experience (Position, Agency and Period of Service)
• President Commissioner, PT Bank Danamon Indonesia Tbk, 2023 – present
• Senior Managing Corporate Executive, Group Chief Operating Officer International (COO-I), Group Head of Global Commercial Banking (GCB)
Business Group, Mitsubishi UFJ Financial Group, April 2023 – Present
• Member of the Board of Directors, Vice President (Representative of the Board of Directors), Chief Executive of Global Commercial Banking
(GCB), Business Unit, Chief Operating Officer International (COO-I), MUFG Bank, Ltd, June 2023 - Present
• President Director, PT Bank Danamon Indonesia Tbk, October 2019 - March 2023
• Director, PT Bank Danamon Indonesia Tbk, March 2018 - October 2019
• Managing Executive Officer and Deputy Chief Executive of the Global Commercial Banking Business Unit of MUFG Bank and Executive Officer
of MUFG
366 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Halim Alamsyah - Indonesian citizens - Chairman of the April 2023 - Present Economics, Finance, - Bachelor (S1)
66 Years Old - Indonesian Nomination and Sharia Finance, Risk Degree from
Vice President domicile Remuneration Management Gadjah Mada
Commissioner Committee University,
MANAGEMENT REPORT
(Independent) - Chairman of the April 2023 - Present Indonesia, Faculty
Audit Committee of Law (1976 -
1981)
- Bachelor (S1)
Degree from
Indonesian Islamic
University, Faculty
of Management
Economics (1975 -
1980).
- Master of Arts
Degree in
Development
Economics (S2)
Boston University,
COMPANY PROFILE
USA (1983 - 1985)
- Doctorate (S3)
Degree from
University of
Indonesia, Finance
(2004 - 2008)
Work Experience (Position, Agency and Period of Service)
• Vice President Commissioner (Independent), PT Bank Danamon Indonesia Tbk, March 2023 – present
• President Commissioner, PT Indosat Tbk, December 2021 – present
• Member of the Audit Committee of PT Sinarmas Multi Artha Tbk, 2021 – present
• Expert Staff for Finance and Sharia Finance, Ministry of Finance of the Republic of Indonesia, October 2020 – present
• Independent Commissioner, PT Bank Danamon Indonesia Tbk, August 2021 – March 2023
DISCUSSION & ANALYSIS
• Prudential Sharia Advisor, 2021 - 2023
• President Commissioner, PT Pasti Bisa Maju, August 2022
• Chairman of the Commissioner, Deposit Insurance Corporation (LPS), September 2015 - September 2020
• Deputy Governor of Bank Indonesia, June 2010 - June 2015
MANAGEMENT
• Head of the Governor’s Bureau of Bank Indonesia, 2000
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Peter - Indonesian citizens - Chairman of the April 2020 – present Finance and Banking - Bachelor
Benyamin - Indonesian Corporate Governance Degree in
Stok domicile Committee Economics from
74 Years Old - Chairman of the April 2020 – present Padjadjaran
OPERATIONAL REVIEW
Independent Integrated Corporate University,
Commissioner Governance Bandung -
Committee Indonesia
- Member of the Risk December 2018 – 2019
Oversight Committee September 2021 - present
Work Experience (Position, Agency and Period of Service)
• Independent Commissioner of PT Bank Danamon Indonesia Tbk, March 2018 – present
• OJK panellist team in charge of fit and proper tests for candidates for Bank Directors and Commissioners, 2016 – 2018
• President Commissioner, PT Bank Negara Indonesia (Persero) Tbk, 2009 – 2015
• Commissioner, PT Bank Permata Tbk, 2008 – 2009
• President Director, PT Bank CIMB Niaga Tbk, 2000 – 2006
• President Director, Bank Dagang Negara, 1999 - 2000
• President Commissioner, PT Bank Danamon Indonesia Tbk, 1998 – 1999
• Vice President Director at Bank Pelita, 1997-1998
GOVERNANCE
• Vice President Director of PT Bank CIMB Niaga Tbk, 1994 – 1997
CORPORATE
• Directors, PT Bank CIMB Niaga Tbk, 1991 - 1994
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 367
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CORPORATE
GOVERNANCE
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Nobuya - Japanese citizen - Member of the October 2022 – present Finance - Master Degree
Kawasaki - Domicile in Japan Nomination and in Mechanical
51 Years Old Remuneration Engineering, Keio
Commissioner Committee University
- Member of the Risk April 2020 – present - Bachelor Degree
Oversight Committee in Mechanical
- Member of April 2020 – present Engineering, Keio
the Corporate University
Governance
Committee
- Member of the April 2020 - present
Integrated Corporate
Governance
Committee
Work Experience (Position, Agency and Period of Service)
• Commissioner, PT Bank Danamon Indonesia Tbk, October 2019 - present
• Executive Officer, Deputy Group Head of Global Commercial Banking Business Group, MUFG Bank Ltd., April 2023 – present
• Executive Officer and Managing Director, Head of Global Commercial Banking Planning Division MUFG Bank Ltd., April 2021 – March 2023
• Managing Director, Deputy Head of Global Commercial Banking Planning Division MUFG Bank Ltd., August 2019 – March 2021
• Managing Director of Global Commercial Banking Planning Division MUFG Bank Ltd., Singapore, August 2018 - August 2019
• Managing Director of Planning Division for Asia & Oceania MUFG Bank Ltd., Singapore, September 2013 - August 2018
• Managing Director, Vice President Mitsubishi UFJ Morgan Stanley Securities, Japan, October 2006 - September 2013
• Manager of Credit Portfolio Management Division The Bank of Tokyo Mitsubishi Ltd, Japan, October 2005 - October 2006
• Manager Mitsubishi Securities, Japan, October 2002 - October 2005
• Associate Product Development Division The Bank of Tokyo Mitsubishi Ltd, Japan, September 1998 - October 2002
• Associate Marunouchi Branch The Bank of Tokyo Mitsubishi Ltd, Jepang, April 1997 - September 1998
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Hedy Maria Helena - Indonesian citizen - Chairman of the September 2021 - Finance/Risk - Bachelor’s degree
Lapian - Indonesian Risk Oversight Present Management in management,
65 Years Old domicile Committee Katholik
Independent - Member of the September 2021 – Parahyangan
Commissioner Nomination and Present University
Remuneration Bandung, 1977
Committee - Master Degree
- Member of the April 2023 - Present in Business
Audit Committee Administration
Joseph M Katz
Graduate School of
Business University
of Pittsburgh, USA,
1983
Work Experience (Position, Agency and Period of Service)
• Independent Commissioner, PT Bank Danamon Indonesia Tbk, November 2020 - present
• Independent Commissioner, PT Supra Boga Lestari Tbk, May 2022 – present
• Crisis Management Advisor (April 2020 - June 2020), Director of Human Resources PT Bank CIMB Niaga Tbk, (April 2016 - April 2020)
• Independent Commissioner, PT Asuransi Tokio Marine Indonesia, October 2015 - March 2016
• SRO Director, PT Bank DBS Indonesia, May 2014 - August 2014
• Director of Risk Management, PT Bank Internasional Indonesia Tbk, July 2010 - March 2014
• Commercial Director, PT Bank Barclays Indonesia, January 2009 - June 2010
• Country Head, Corporate and Institutional Banking at ABN AMRO Bank N.V., September 2007 - December 2008
• Director & CFO, PT AIG Life, 2001 – 2006
• Managing Director Corporate & Investment Banking, PT Bank Internasional Indonesia Tbk, March 2000 - December 2001
• Director, American Express Bank, 1994 - 2000
• Has held several non-executive positions, including ING Indonesia Bank, American Express TRS, Standard Chartered Bank and Bank of Trade,
San Francisco.
368 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Dan Harsono - Thai citizen Member of the Risk September 2021 - Finance - Bachelor Degree
63 Years Old - Thailand domicile Oversight Committe Present with Cum Laude
Commissioner honors in Electrical
and Biomedical
MANAGEMENT REPORT
Engineering from
the University
of Southern
California in Los
Angeles, California
(1982).
- Master of Business
Administration
Degree in Finance
and Marketing
from Indiana
University,
Bloomington, IN,
USA (1984).
COMPANY PROFILE
Work Experience (Position, Agency and Period of Service)
• Commissioner, PT Bank Danamon Indonesia Tbk, April 2021 – present
• Commissioner, PT Home Credit Indonesia, Oktober 2023 – present
• Advisor Hatta Bank Public Company Limited, Januari 2023 - present
• Senior Advisor and/or M&A Specialist Bank Ayudhya PCL (Krungsri Bank), Bangkok, January 2021 – present
• Advisor Krungsri Leasing Service Co., Ltd, January 2021 – present
• Advisor MUFG Bank Ltd, April 2021 – present
• Advisor SB Finance Company, Inc ,Philippines, January 2021 – present
• Director of Alliance Ayudhya Assurance PCL, January 2022 – present
• Director of Pak Sabai Co., Ltd, January 2020 – present
• Chairman of member council SHBank Finance Co.Ltd (Vietnam), May 2023 – present
• Chairman of HC Consumer Finance Philippines, Inc., June 2023 – present
• Director of Alliance Ayudhya General Insurance PCL, March 2023 – present
DISCUSSION & ANALYSIS
• Director of Aetna Health Insurance (Thailand) PCL, May 2022 – February 2023
• Chairman of Hatta Bank PLC, September 2016 - December 2022
• Head of Retail & Consumer Banking Chief Marketing, Bank Ayudhya PCL (Krungsri Bank), Thailand, 2015 – 2020
• Head of Marketing and Branding Group Bank Ayudhya PCL (Krungsri Bank), Thailand, 2015
MANAGEMENT
• Head of Marketing and International Business Development, Thailand, 2013 – 2015
• Head of Marketing and Cross Sell, Bank Ayudhya PCL (Krungsri Bank), Thailand 2010 – 2013
• Chief Marketing Officer, Bank Ayudhya PCL (Krungsri Bank), Thailand, 2007 – 2010
• Chief Marketing Officer, GE Money Asia Regional Office Thailand, 2005 – 2007
• Regional Vice President of Marketing & CRM GE Consumer Finance Asia Regional Office, Thailand, 2002 – 2005
• Managing Director, GE Capital Consumer Finance, Thailand 1997 – 2001
• Marketing and Business Development Director, GE Capital Auto Kease Head Office Singapore, 1994 – 1997
• Marketing and Business Development Director GE Capital Auto Lease Head Office, USA, 1992 – 1994
• Corporate BD Director GE Corporate Office 1990 - 1992
OPERATIONAL REVIEW
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Mawar I.R. - Indonesian citizens - Member of the April 2020 – Present - Accounting, Audit, - Bachelor Degree
Napitupulu - Indonesian Audit Committee Finance, in Accounting,
61 Years Old domicile - Member of the April 2020 - Present - Risk Management University of
Independent Party Risk Oversight and Control Indonesia, 1986
Committee - Master of Business
Administration
Katholieke
Universiteit
Leuven, Belgium
1990
GOVERNANCE
Work Experience (Position, Agency and Period of Service)
CORPORATE
• Independent Party, PT Bank Danamon Indonesia Tbk, April 2020 – present
• Member of the Supervisory Board of the Indonesian Institute of Public Accountants (IAPI), 2018 – present
• Member of the Indonesian Audit Committee Association, 2004 - present
• Senior Managing Partner, Public Accounting Firm Amir Abadi Jusuf, Aryanto, Mawar & Rekan - member firm of RSM International, July 1994 –
present
• Lecturer at the Accounting Department, Faculty of Economics and Business, University of Indonesia, 1985 – present
• Member of the Association of Indonesian Curators and Administrators, 1999 - 2023
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 369
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CORPORATE
GOVERNANCE
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Zainal Abidin - Indonesian citizens - Member of the April 2020 - Present - Banking - Bachelor Degree
68 Years Old - Indonesian Audit Committee supervision and in Economics,
Independent Party domicile - Member of the April 2020 - Present inspection Airlangga
Risk Oversight - Risk management University, 1982
Committee - Accountancy - Master of Arts
- Member of April 2020 - Present (MA) Degree in
the Integrated Development
Corporate Economics,
Governance Williams College,
Committee Williamstown,
Massachusetts,
USA, 1989
- Certified Chartered
Accountant (CA -
Indonesia)
Work Experience (Position, Agency and Period of Service)
• Independent Party, PT Bank Danamon Indonesia Tbk, 2020 - present
• Independent Commissioner, PT Krom Bank Indonesia Tbk, September 2022 – present
• President Commissioner, PT Artajasa Electronic Payments, 2017 - 2020
• President Commissioner, PT Mekar Prana Indah - Bidakara Group, September 2014 – 2017
• Executive Director at the Department of Credit, BPR Supervision and Inspection and MSME Development, Bank Indonesia, 2012 – 2013
• Director, Directorate of Accounting and Payment Systems, Bank Indonesia, 2012
• Principal Researcher in the Field of Banking Regulation and Central Bank Studies, Bank Indonesia, 2008 – 2012
• Director, Directorate of Bank Supervision and Inspection, Bank Indonesia, 2007 – 2008
• Deputy Director/Head of Dealing Room/Head of Foreign Exchange and Exchange Rate Management Bureau at the Directorate of Foreign
Exchange Management, Bank Indonesia, 2001 – 2007
• Deputy Director of Bank Supervision and Audit, Bank Indonesia, 2001
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
M. Din Syamsuddin - Indonesian citizens Member of the November 2015 - - Islamic Law - Bachelor Degree
65 Years Old - Indonesian Integrated Corporate present (Shariah) from IAIN Syarif
Chairman of the Sharia domicile Governance - Islamic Political Hidayatullah
Supervisory Board Committee Science, and Jakarta, 1979
Interreligious - M.A Degree (1988)
Cultural - Ph.D from
Communication University of
- International California Los
Relations Angeles (UCLA),
USA, 1991
Work Experience (Position, Agency and Period of Service)
• Syariah Chairman of the Sharia Supervisory Board, PT Bank Danamon Indonesia Tbk, February 2002 - present
• Professor of Islamic Politics, UIN Jakarta
• Member of the Advisory Board of the King Abdulaziz International Center for Interfaith and Intercultural Dialogue (KAICIID), 2015 – present
• Founder and Chairman of the Center for Dialogue and Cooperation among Civilizations, 2007 – present
• Member of the Group for Strategic Vision Russia – Islamic World, 2006 – present
• Special Envoy of the President of the Republic of Indonesia for Interfaith and Intercultural Dialogue and Cooperation, 2017 – 2018
• Chairman of the MUI Advisory Council, 2015 – 2020
• Member of the Leadership Council of the United Nation Sustainable Development Solution Network, 2015 – 2020
• Vice President of the World Conference of Religions for Peace (WRCP), 2006 - 2020
• Chairman of the World Peace Forum (WPF), 2006 – 2020
• General Chairman of PP Muhammadiyah, 2005 - 2015
• President of the Asian Conference on Religions for Peace (ACRP), 2004 - 2021
370 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Roy Fahrizal Permana - Indonesian citizens Secretary and December 2018 - - Risk Management Master Degree in
48 Years Old - Indonesian Member of the Present Certification Industrial Engineering
Representative of the domicile Nomination and (BSMR) level 1
Company’s Human Remuneration - Human Resources
MANAGEMENT REPORT
Resources Committee Management
- Rewards and
Performance
Management
- Industrial
Relations, HR
Policy, Human
Resources
Business Partner
and HR Operation
and Services
Work Experience (Position, Agency and Period of Service)
• Rewards Head, Bank Danamon, 2018 - present
• Country Head of HR, Grab Indonesia, 2017 - 2018
COMPANY PROFILE
• Rewards and Services Head, Bank UOB Indonesia, 2009 - 2017
• Secretary and member of the Remuneration and Nomination Committee, Bank UOB Indonesia, 2009 - 2017
• Compensation and Benefits Head, Esia - BakrieTelecom, 2008 - 2009
• Managerial positions in Human Resources, including: Rewards and Performance Management, HR Operations, HR Area and Business Partner,
Bank CIMB Niaga, 2003 - 2008
• HR Compensation and Benefits Analyst, Texmaco Group, 1998 - 2003
• Financial Executive, National Commercial Bank, 1998
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
DISCUSSION & ANALYSIS
Krisna Wijaya - Indonesian citizens Member of the September 2021 - Economics - Bachelor Degree
68 Years Old - Indonesian Integrated Corporate Present and Corporate from , Bogor
Independent domicile Governance Governance Agricultural
MANAGEMENT
Commissioner Committee Institute,
PT Adira Dinamika Department of
Multi Finance, Tbk. Agricultural Socio
Economics, 1980
- Master Degree
in Management,
Gajah Mada
University,
Department of
Social Sciences,
1990
- Policy Studies,
OPERATIONAL REVIEW
Gajah Mada
University, 2009
Work Experience (Position, Agency and Period of Service)
• Independent Commissioner, PT Adira Dinamika Multi Finance, Tbk, 2016 - present
• Chairman of the Risk Management Committee & Member of the Audit Committee, PT Adira Dinamika Multi Finance Tbk, 2016 – present
• President Commissioner (Independent), PT Brilian Indah Gemilang, 2018 – present
• Member of the Assessment Team for Clarification/Presentation of Capability and Proper Test in the Banking Sector, Financial Services
Authority, 2015 – present
• Member of the Supervisory Board, Adaro Building the Nation Foundation, 2014 – present
• Member of the Sharia Supervisory Board, PT Club Syariah Insurance, 2009 – present
• President Commissioner (Independent), Chair of the Audit Committee and member of the Risk Management Committee, PT Perusahaan
Pengelola Aset, October 2020 – October 2022
• President Commissioner (Independent), PT Danareksa (Persero), May 2020 – October 2020
• Audit Committee, PT Mahaka Radio Integra Tbk, 2019 – 2020
GOVERNANCE
• Independent Commissioner, PT Mahaka Radio Integra Tbk, 2017 – 2019
CORPORATE
• Director, Indonesian Banking Development Institute, 2016 – March 2022
• Independent Commissioner and member of the Audit Committee, PT Mahaka Media Tbk, 2016 – 2017
• President Commissioner (Independent), member of the Audit Committee and of the Risk Management Committee, PT BNI Life Insurance, 2015
– 2018
• Independent Commissioner, Chairman of the Risk Management Chairman Committee and Member of the Audit Committee, PT Bank Mandiri
Tbk, 2010 – 2015
• Commissioner, member of the Audit Committee and Risk Management Committee, PT Bank Danamon Indonesia Tbk, 2008 – 2010
• Chief Executive/ Board of Commissioner, Deposit Insurance Corporation, 2005 – 2007
• Independent Commissioner, PT Bank Rakyat Indonesia (Persero) Tbk, July 2005 – September 2005
• Director of Micro and Retail Business, PT Bank Rakyat Indonesia (Persero) Tbk, 2003 - 2005
• Operations Director, PT Bank Rakyat Indonesia (Persero) Tbk, 2000 - 2003
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 371
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CORPORATE
GOVERNANCE
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Christopher - Citizen - British/ Member of the October 2022 - - Certified AML Master: Law LLM
Mark Davies Chinese/ Integrated Corporate Present Professional International
43 Years Old Hong Kong ID Governance (CAMLP) - Hong Business Law
Representative from cardholder. Committee Kong Institute University of Wales,
MUFG Jakarta - Domicile of Banks 2019 - Aberystwyth (UWA)
Hong Kong present
- Compliance
- Regulatory
Compliance
- Compliance
Control Room
Work Experience (Position, Agency and Period of Service)
• MUFG Bank, Ltd, June 2018 - present
• Managing Director, Regional Chief Compliance Officer & Head of Compliance Officer for Asia, July 2022 - present
• Managing Director Head of Regulatory Compliance Dept. Compliance Office for Asia, June 2018 - present
• Managing Director, Deputy Regional Chief Compliance Officer Compliance Office for Asia, June 2021 - July 2022
• Managing Director, Head of Asia Group 2 and Joint Deputy Regional Chief Compliance Officer, February 2020 - May 2021
• Rabobank HK Branch, May 2015 - May 2018
• Head of Compliance, HK and Head of Control Room Asia
• Royal Bank of Scotland Plc, Hong Kong, July 2013 - May 2015
• Director, Banking Compliance APAC & Head of Conduct & Regulatory Affairs, Hong Kong
• CLSA Limited, October 2011 - July 2013,
• Head of Compliance Control Room
• Royal Bank of Scotland NV and Plc, Hong Kong, May 2007 - October 2011
• Head of Control Room Compliance, Asia Pacific (APAC), May 2010 - October 2011
• Manager Control Room Compliance, Asia Pacific (APAC), March 2009 - May 2010
• Assistant Manager Control Room Compliance, Asia Pacific (APAC), May 2007 - March 2009
• Lloyds TSB (Financial Markets Division), October 2004 - May 2007
• Assistant Manager, Compliance, May 2006 - May 2007
• Associate – Compliance – October 2004 – May 2006
• HSBC Stockbroker services, Customer Service Representative and Order Capture - January 2004 - August 2004
• HSBC Hong Kong, Summer Compliance Internship program - 2000 (3 months)
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Yasuhiko Togo - Japanese citizen Member of October 2022 - - Financial Resource Destruction
48 Years Old - Singapore domicile the Integrated Present Management of Economics
Representative of Governance - HR Management Scholars,Keio
MUFG Jakarta Committee - Performance University Jepang,
& Reward 1998
Management
- Credit & Risk
Management
Work Experience (Position, Agency and Period of Service)
- CRO for Asia, MUFG Bank, Ltd, May 2022 - present
- Head of Financial Resource Management, Corporate Planning Division, MUFG Bank, Ltd, May 2020 - April 2022
- Head of Strategic Planning and Governance, Global Human Resources for Asia, MUFG Bank, Ltd, January 2017 - April 2020
- Head of Performance & Rewards for Asia, Global Human Resources for Asia, MUFG Bank, Ltd, 2017 - 2019
- Senior Manager, Global Human Resources Office, Bank of Tokyo - Mitsubishi UFJ, April 2015 - January 2017
- Senior Manager, Asian Credit Portfolio Management Office, Bank of Tokyo - Mitsubishi UFJ, March 2012 - January 2015
- Manager, Credit Portfolio Management Division, Bank of Tokyo - Mitsubishi UFJ, April 2007 - March 2012
- Manager, Structuring Business Group and Planning & Risk Control, Mitsubishi UFJ Securities International plc, February 2002 - March 2007
- Officer, The Bank of Tokyo - Mitsubishi, Ltd, April 1998 - February 2002
372 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Qualifications
Name, Age and Citizenship &
Position Period Expertise Educational
Position Domicile
Background
Andre S. Painchaud - Singapore citizen Member of June 2021 - Present - Compliance Bachelor of Science
52 Years Old - Singapore domicile the Integrated - Internal Audit and from Salem State
Representative from Governance Credit Examination College in Salem
MUFG Jakarta Committee - Quality Assurance Massachusetts, USA,
MANAGEMENT REPORT
for Institutional in 1993. He earned
Clients Group his MBA from Bentley
College, Waltham,
Massachusetts, USA
with a concentration
in Finance in 1994.
Work Experience (Position, Agency and Period of Service)
• Head of Internal Audit and Credit Examination (Singapura), - Bank of Tokyo-Mitsubishi UFJ, Ltd, November 2017 - present
• Audit Director, Quality Assurance for Institutional Client Group at Citibank Singapore, June 2013 – November 2017
• Managing Director & Head of Internal Audit for the Asia region, - Daiwa Capital Market, November 2008 - June 2013
• Head of Internal Audit for Asia region, - Lehman Brothers Asia, May 2002 – October 2008
• Securities Compliance Examiner in Boston, United States in July 1995 - April 2002
COMPANY PROFILE
INDEPENDENT PARTY IN THE COMMITTEE
Independent Parties are parties outside the Company who do not have financial, management, share ownership
and/or family relationships with members of the Board of Commissioners, the Board of Directors and/or controlling
shareholders or relationships with the Company that may keep them from acting independently. The Board of
Commissioners appointed 2 (two) Independent Parties, Zainal Abidin and Mawar IR Napitupulu. Based on the
Nomination Committee, Zainal Abidin was appointed as an Independent Party member of the Board of Commissioners
committees, the Audit Committee, Risk Monitoring Committee and Integrated Governance Committee. Mawar
IR Napitupulu was appointed as an Independent Party member of the Board of Commissioners committees, the
Audit Committee and Risk Monitoring Committee. The appointed Independent Party shall meet competency and
DISCUSSION & ANALYSIS
independency criteria.
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
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CORPORATE
GOVERNANCE
AUDIT COMMITTEE 2. External Audit
a. Recommending to the Board of Commissioners
The Audit Committee has been set up to assist the on the appointment, re-appointment, dismissal
Board of Commissioners in monitoring and evaluating or replacement, terms of involvement, and
audit planning and implementation as well as remuneration of Public Accountants to be
monitoring follow-ups on audit results to assess the proposed at the Annual General Meeting of
adequacy of internal control, including the adequacy Shareholders (AGMS).
of financial reporting process. The Audit Committee b. In preparing recommendations, the Audit
ensures that the integrity, accuracy and adequacy of Committee shall consider, among matters:
the financial statements and all significant risks are - Independency of Public Accountants, Public
taken into account. The Audit Committee also oversees Accounting Firm and the people within the
the effectiveness of regulatory compliance. The Audit Firm.
Committee also suggests recommendations on the right - Scope of audit.
public accountants from appropriate public accounting - Audit fee.
firms and monitors their effectiveness. - Expertise and experience of Public
Accountants, Public Accounting Firms and
Audit Committee Charter Audit teams from Public Accounting Firms.
The Audit Committee has Audit Committee Charter - Audit methodology, techniques and tools
that governs matters pertaining to duties and used by the Public Accounting Firm.
responsibilities, organization, membership criteria, - Benefits of fresh eye perspectives that will be
independency, authority, meeting convention, work obtained through the replacement of Public
ethics and term of office. The Audit Committee Accountants, Public Accounting Firms, and
Charter is reviewed periodically to ensure it remains audit teams from Public Accounting Firms.
in compliance with all regulatory provisions and suit - Potential risk of using audit services by the
the Company’s business needs. The Audit Committee same KAP consecutively for a fairly long
Charter was last updated in 2022. period of time.
- Results of evaluation of the audit work
Duties and Responsibilities of the Audit Committee rendered for annual historical financial
The duties and responsibilities of the Audit Committee information by AP and KAP in the previous
include: period.
1. Financial reporting c. Reviewing the audit of financial statements,
a. Reviewing financial information to be published significant findings, and recommendations from
by the Company to the public and/or to the Public Accountant and the Board of Directors’
authorities, including: financial statements, responses.
projections and other reports on the Company’s d. Evaluating the audit work for annual historical
financial information. financial information by Public Accountants and/
b. Monitoring and evaluating the compliance of or Public Accounting Firms at least through:
financial reports with applicable accounting - Conformity of audit implementation by Public
standards. Accountants and/or Public Accounting Firms
c. Suggesting independent opinions when the to applicable audit standards.
opinion of management on audit work differs - Time adequacy for field work.
from the appointed Accountant. - Review of the scope of services rendered and
d. Verifying complaints related to the Company’s the adequacy of sampling tests.
accounting and financial reporting processes. - Recommendations for improvements
e. Keeping the confidentiality of the Issuer’s suggested by the Public Accountant and/or
documents, data and information. Public Accounting Firm.
- The realized Public Accountant and/or Public
Accounting Firm services is reported no later
than 6 (six) months after the end of financial
year.
374 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
e. Monitoring and evaluating the planning and - Approval of the Internal Audit Charter
implementation of Public Accountant audits as - Annual audit plan, scope and budget
well as follow-ups on audit results in order to allocation of SKAI
assess the adequacy of internal control including - Providing overall SKAI annual remuneration
the adequacy of the financial reporting process. and performance awards
MANAGEMENT REPORT
f. Monitoring and evaluating Public Accountant - The appointment of an independent quality
compliance with applicable audit standards. controller from an external party to review
g. Reviewing the adequacy of audits conducted SKAI’s performance.
by the Public Accountant to ensure that all
significant risks have been considered. 4. Internal Control
Regularly reviewing and reporting to the Board of
3. Internal Audit Commissioners on the adequacy and effectiveness
a. Monitoring and evaluating the implementation of of internal controls determined by the Board
duties including the adequacy and effectiveness of Directors, including control over finances,
of Internal Audit Unit function. operations, compliance and information technology.
COMPANY PROFILE
b. Reviewing the independency of the Head of
the Internal Audit Work Unit and ensuring that 5. Compliance
the Head of the Internal Audit Unit has direct a. Reviewing the compliance framework and scope
and unlimited access to the Board of Directors, of work and plans for the compliance function.
Board of Commissioners and Sharia Supervisory b. Reviewing regulatory compliance related to the
Board. Company’s activities.
c. Reviewing the scope of work and audit plan c. Reviewing legal issues that may have a material
of the Internal Audit Unit, including ensuring impact on financial statements, related
interaction with the Board of Directors, Board compliance policies, and reports received from
DISCUSSION & ANALYSIS
of Commissioners, Sharia Supervisory Board, regulators.
External Auditor, and Financial Services Authority
MANAGEMENT
and other relevant matters. 6. Other areas
d. Reviewing significant findings and a. In carrying out its duties and responsibilities, the
recommendations from the Internal Audit Unit Audit Committee acts independently.
as well as the Board of Directors’ responses. b. At the Company’s expense, the Audit Committee
e. Monitoring and evaluating follow-up actions by examines suspected errors in Board of Directors
the Board of Directors on findings of the Internal meeting decisions or irregularities in the
Audit Unit, Public Accountants, and audit implementation of Board of Directors decisions.
OPERATIONAL REVIEW
findings from the Financial Services Authority Audits can be carried out by the Audit Committee
and/or other regulators. or by independent parties appointed by the
f. Reviewing audit reports and ensuring that the Audit Committee.
Board of Directors takes immediate necessary c. The Audit Committee shall prepare, review and
corrective actions to address control weaknesses, update the Audit Committee Charter periodically.
fraud, issues in compliance with policies, laws d. The Audit Committee shall submit a report on
and regulations, or other issues identified review results to all members of the Board of
and reported by SKAI, External Auditors and Commissioners once they have been reviewed
the Financial Services Authority and or other by the Audit Committee.
regulators. e. The Audit Committee shall review and suggest
GOVERNANCE
CORPORATE
g. Suggesting recommendations to the Board of opinions to the Board of Commissioners on
Commissioners on: potential conflicts of interest of the Company.
- The appointment and dismissal of the Head f. Members of the Audit Committee shall improve
of SKAI their competence through continuous education
and training.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 375
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CORPORATE
GOVERNANCE
Authority of the Audit Committee shareholders and are carried out fairly based on
The Audit Committee is authorized to do the following: normal commercial requirements.
1. Investigate any issues included in the terms of 3. If necessary, involve independent parties outside the
reference, access and cooperate with the Board of Audit Committee to assist it in carrying out its duties.
Directors and the freedom to invite every Director 4. Invite/appoint reviewers.
or executive officer to attend Audit Committee 5. Carry out other authorities delegated by the Board
meetings, as well as to have reasonable resources of Commissioners.
that can assist it in effectively carrying out its 6. Access the Company’s documents, data and
functions. information on employees, funds, assets and
company resources as may be required with due
2. Review affiliate transactions and conflicts of regards to applicable confidentiality provisions.
interest after receiving an assessment report 7. Communicate directly with employees, including the
from the Compliance Director, to ensure that Board of Directors and parties carrying out internal
these transactions are made with due regards audit, risk management and Accountant functions
to the interests of the Company and minority regarding its duties and responsibilities.
Structure, Membership, Expertise and Legal Basis for Appointment
Structure and Membership
The Audit Committee has 4 (four) members, consisting of 2 (two) Independent Commissioners and 2 (two) Independent
Parties. The structure and membership of the Audit Committee has complied with applicable regulations.
STRUCTURE AND MEMBERSHIP OF THE AUDIT COMMITTEE IN 2023
No Name Position at Company Position in Audit Committee
1 Halim Alamsyah Vice President Commissioner (Independent) Chairman
2 Hedy Maria Helena Lapian Independent Commissioner Member
3 Mawar I.R. Napitupulu Independent Party Member
4 Zainal Abidin Independent Party Member
Expertise of Audit Committee Members Independency of Audit Committee Members
All members of the Audit Committee have met the All members of the Audit Committee are independent
applicable provisions pertaining to the expertise criteria (Independent Commissioners and Independent Parties).
of Audit Committee members that cover finance and/or Non-independent Commissioners and Directors are not
accounting, risk management, banking and/or law, with allowed to sit in the Audit Committee. Audit Committee
due consideration on their respective integrity, good members shall comply with the Company’s Code of
attitude and morals as stated in their statement letter. Conduct.
Legal Basis of Appointment Term of Office
The incumbent members of the Audit Committee The term of office of members of the Audit Committee
were appointed through Circular Decree of the Board may not exceed the term of office of the Board of
of Commissioners No.KSR-KOM.CORSEC.04.2023.003 Commissioners as regulated in the Company’s Articles
dated April 10, 2023 and stipulated in the Circular of the of Association and can only be re-elected for 1 (one)
Board of Directors No.KSR-DIR.CORSEC.04.2023.003 subsequent period.
dated April, 10 2023.
376 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Policy and Implementation of Audit Committee Meetings
Audit Committee Meeting Policy
- The Committee shall hold at least 1 (one) meeting in every 3(three) months based on necessity.
- A minimum of 51% (fifty one percent) of Governance Committee members shall attend the meeting.
MANAGEMENT REPORT
- Meeting decisions shall be made on the principle of deliberation to reach consensus. In the event no consensus
is reached, then the decisions shall be made through voting. Decisions taken with a majority vote are carried out
based on the principle of 1 (one) person 1 (one) vote.
- Each meeting shall be recorded in the minutes, properly filed, approved by all present members, and submitted
to the Board of Commissioners.
- Dissenting opinions during the meeting shall be stated clearly in the meeting minutes along with the underlying
reasons.
Meeting Convention, Attendance, and Agenda
Throughout 2023, the Audit Committee held 7 (seven) meetings with attendance agendas as given below:
COMPANY PROFILE
ATTENDANCE OF AUDIT COMMITTEE MEMBERS AT MEETING IN 2023
Name Attendance at Meeting
Halim Alamsyah 7/7
Hedy Maria Helena Lapian* 4/5
Mawar Napitupulu 7/7
Zainal Abidin 6/7
* Appointed as Member of the Audit Committee on April 10, 2023
DISCUSSION & ANALYSIS
MEETING AGENDA IN 2023
MANAGEMENT
No Date of Meeting Meeting Agenda
1 January 25, 2023 • Review and Approval of Meeting Minutes
• Updates on Internal Audit
• Updates on Internal Fraud Case
• Whistleblower Report
• Review of 2022 Quality Assurance
2 March 27, 2023 • Review and Approval of Meeting Minutes
OPERATIONAL REVIEW
• Updates on Internal Audit
• Updates on Internal Fraud Case
• Whistleblower Report
• Coordination meeting 2022 - Internal Audit
3 May 24, 2023 • Review and Approval of Meeting Minutes
• Updates on Internal Audit
• Updates on Internal Fraud Case
• Whistleblower Report
4 July 25, 2023 • Review and Approval of Meeting Minutes
• Updates on Internal Audit
• Updates on Internal Fraud Case
• Whistleblower Report
GOVERNANCE
• Data Analysis
CORPORATE
5 September 19, 2023 • Review and Approval of Meeting Minutes
• Updates on Internal Audit
• Updates on Internal Fraud Case
• Whistleblower Report
• IIAU 2023 coordination meeting
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 377
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CORPORATE
GOVERNANCE
No Date of Meeting Meeting Agenda
6 November 22, 2023 • Review and Approval of Meeting Minutes
• D-Point Benefit
• Internal Audit Plan for 2024
• Updates on Internal Audit
• Updates on Internal Fraud Case
• Whistleblower Report
7 December 13, 2023 • 2023 Interim and Hard Close Audit
• EB Quarterly Monitoring and EB Branch Audit Methodology
Audit Committee Statement on the Effectiveness of 3. Evaluate risk management policies namely the Bank
Internal Control System and Consolidation Risk Management Policy (RMP) at
The internal control system run by the Company is least once a year;
considered to run effectively and adequately, as reflected 4. Evaluate the conformity of risk management policies
in the effectiveness of internal control functions, to the implementation of Bank policies;
including internal audit, risk management, compliance, 5. Evaluate the integrated risk management policy,
financial and operational control. The Audit Committee namely the MUFG Group Financial Conglomerate
periodically submits its work implementation reports to Integrated Risk Management Policy (IRMP) at least
the Board of Commissioners. once a year;
6. Evaluate the implementation of integrated risk
RISK OVERSIGHT COMMITTEE management policies executed by the Main Entity’s
Board of Directors;
The Risk Oversight Committee has been set up with 7. Provide independent professional opinions to
a function to oversee risk management at PT Bank the Board of Commissioners and recommend to
Danamon Indonesia Tbk. This is done to comply with the Board of Directors actions considered can
Financial Services Authority Regulation No.17 of 2023 strengthen the risk management framework;
concerning the Implementation of Governance for 8. Monitor and evaluate the implementation of the
Commercial Banks. The Risk Oversight Committee is a duties of the Risk Management Committee and Risk
risk committee at the Board of Commissioners level. Management Work Unit;
9. Give recommendations to the Board of
The Risk Oversight Committee is responsible for Commissioners on Risk Appetite Statement (RAS)
overseeing and providing recommendations or Framework, including thresholds for the Group’s
independent professional opinions to the Board of RAS;
Commissioners on risk management frameworks and 10. Review all risk management policies and documents
policies that are consistent with The Company’s risk proposed to Regulators and internal parties that
appetite. require approval from the Board of Commissioners,
as recommended by the Board of Directors;
Risk Oversight Committee Charter 11. Monitor the effectiveness of Risk Management
The Risk Oversight Committee has a Risk Oversight Policies, Procedures, Tools, Limits and Frameworks
Committee Charter that governs matters related to prepared by the Board of Directors, Risk
the implementation of duties and responsibilities, Management Directorate, Business and Supporting
membership, work ethics, independency, term of office, Work Units which are reviewed and recommended
authority, reporting, and meetings. The Risk Oversight through the Risk Management Committee;
Committee Charter is reviewed periodically. 12. Ensure the accountability of the Board of Directors
and Executive Officers in discharging their duties
Duties and Responsibilities of the Risk Oversight and responsibilities related to the implementation
Committee of effective Bank and Integrated risk management;
The Risk Oversight Committee has the following duties 13. Initiate an investigation into matters that
and responsibilities: require independent review and assessment
1. Formulate and periodically review/update the Risk related to Frauds, Conflict of Interest, Lapses in
Oversight Committee Charter; Governance, Negligence and Violations of the Code
2. Oversee the implementation of risk management of Conduct, and AML (anti-bribery/corruption and
practices; Anti-Money Laundering);
378 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
14. Give recommendations to the Board of 3. Involve independent parties to assist it in discharging
Commissioners on oversight related to country risk their duties if necessary;
and transfer risk management of the Bank, including 4. Perform other authorities granted by the Board of
the implementation of evaluation and testing (stress Commissioners.
testing);
MANAGEMENT REPORT
15. Give recommendations to the Board of Structure, Membership, Expertise and Legal
Commissioners on oversight related to troubled Basis for Appointment of the Risk Oversight
asset management, provisions and reserves carried Committee
out by the Bank in managing credit risk.
Structure and Membership of the Risk Oversight
Authority of the Risk Oversight Committee Committee
The Risk Oversight Committee has the following The Risk Oversight Committee consists of 6 (six)
authorities: members, consisting of 2 (two) Independent
1. Access the documents, data and information of The Commissioners, 2 (two) Commissioners, 2 (two)
Company when necessary; independent parties. The structure and membership
COMPANY PROFILE
2. Communicate directly with employees, Directors of the Risk Oversight Committee has met applicable
and other parties related to the implementation of regulations.
their duties and responsibilities;
Structure and Membership of the Risk Oversight Committee in 2023
Position on the Risk Oversight
No Name Position at Company
Committee
1 Hedy Maria Helena Lapian Independent Commissioner Chairman
DISCUSSION & ANALYSIS
2 Peter Benyamin Stok Independent Commissioner Member
3 Nobuya Kawasaki Commissioner Member
MANAGEMENT
4 Dan Harsono Commissioner Member
5 Mawar Napitupulu Independent Party Member
6 Zainal Abidin Independent Party Member
Legal Basis of Appointment Policy and Implementation of Risk Oversight
Members of the Risk Oversight Committee were Committee Meetings
OPERATIONAL REVIEW
appointed through Circular Decree of the Board of With regards to the implementation of POJK 17/2023
Commissioners No KSR-KOM.CORSEC.04.2023.003 that took effect in September 2023, the Bank has
dated April 10, 2023 and stipulated in Circular Decree of updated the Risk Oversight Committee Meeting Policy
the Board of Directors No KSR.DIR.CORSEC. 04.2023.003 effective in January 2024 as follows:
dated April 10, 2023.
Risk Oversight Committee Meeting Policy
Independency of Risk Oversight Committee • Risk Oversight Committee shall hold at least 1 (one)
Members meetings in 1 (one) month pursuant to POJK 17/23.
To maintain independency and objectivity, the The meetings can be held face-to-face, virtually and/
majority of Committee members are Independent or in the form of circulating material distribution to
GOVERNANCE
CORPORATE
Commissioners and Independent Parties. Members all Committee members;
of the Board of Directors are not allowed to become • Risk Oversight Committee meetings shall be
members of the Risk Oversight Committee. attended by the majority (more than 50%) of
committee members either face to face and/or
Term of Office virtually.
The term of office of committee members may • Committee meetings shall be chaired by the
not be longer than the term of office of the Board Chairman of the Committee. If the Chairman unable
of Commissioners as regulated in the Articles of to attend, he or she may appoint another member of
Association. the Risk Oversight Committee to chair the meeting.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 379
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CORPORATE
GOVERNANCE
• Meeting decisions are taken based on the principle of deliberation and consensus. In cases where consensus is
not reached, then the decisions shall be made through voting, where 1 (one) person counts for 1 (one) vote.
• The decisions of Risk Oversight Committee meeting shall be recorded in the minutes of the meeting, properly
documented, signed by all members of the Risk Oversight Committee present, and submitted to the Board of
Commissioners.
• Dissenting opinions and reasons for differences during Risk Oversight Committee meetings shall be stated clearly
in the minutes.
• Evaluation of the committee’s performance at the end of each financial year.
Implementation, Attendance Level and Meeting Agenda
During 2023, the Risk Oversight Committee has held 10 (ten) meetings with the attendance of committee members
and the meeting agenda as follows:
Meeting Attendance of Risk Oversight Committee Members in 2023
Name Attendance at Meetings
Hedy Maria Helena Lapian 10/10
Peter Benyamin Stok 10/10
Nobuya Kawasaki 6/10
Dan Harsono 10/10
Mawar Napitupulu 9/10
Zainal Abidin 10/10
Risk Oversight Committee Meeting Agenda in 2023
No Meeting Date Meeting agenda
1 January 24, 2023 • Minutes of Risk Oversight Committee Meetings
• Treasury Capital Market (TCM) Update
• Credit Portfolio Update - December 2022
• Semester II Review 2022 – ICAAP
• Q4 – 2022 Risk Profile
• Quarterly Updates on Operational Risk, Market & Liquidity Risk and Information Risk
• Compliance Updates
2 February 27, 2023 • Minutes of Risk Oversight Committee Meetings
• Fraud Cases in the Outbranch Process
• Integrated Risk Management Policy Annual Review
• Contingency Funding Policy Annual Review
• Treasury Trading Limit Review
• Credit Portfolio Update - January 2023
• Credit Card and Mortgage Product Program Renewal
• Compliance Updates
3 March 27, 2023 • Minutes of Risk Oversight Committee Meetings
• Risk Management Model
• Dormant Account
• Cyber Risk
Management Policy
• Balance Sheet Management Limit
• Alignment of Credit Risk Policies
• Credit Portfolio Update - February 2023
• Peer Analysis Q4 – 2022
• Compliance Updates
• Adira Finance Cyber Security
Incident
• Case of Silicon Valley Bank – Lesson Learnt
4 May 25, 2023 • Minutes of Risk Oversight Committee Meetings
• Treasury and Capital Market Update
• Risk Management Committee Charter
• Q1 2023 Risk Profile
• Credit Portfolio Update - April 2023
• ORM, MLRM and IRM quarterly Update
• BSI Cyber Attack Case – Lesson Learnt
• Compliance Updates
380 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
No Meeting Date Meeting agenda
5 July 6, 2023 • Minutes of Risk Oversight Committee Meetings
• May 2023 Credit Portfolio Update
• Peer Analysis Q1 – 2023
• Anti Fraud Strategy
• Compliance Updates
• UPL 2023 Product Program Renewal
MANAGEMENT REPORT
• MUFG Information Sharing Framework
• SME Update
6 July 25, 2023 • Minutes of Risk Oversight Committee Meetings
• June 2023 Credit Portfolio Update
• ICAAP Stress Test and Report for Semester I 2023
• Treasury and Capital Market (TCM) and MUFG Subordinated Loan Rollover
• Updates on ORM, MLRM and IRM
• Compliance Updates
7 August 31, 2023 • Minutes of Risk Oversight Committee Meetings
• RAS Comprehensive Review 2023
• Risk Profile Regulations – Banks and Consolidation 2Q 2023 and Integrated 1H 2023
• Peer Analysis Q2 – 2023
• July 2023 Credit Portfolio Update
COMPANY PROFILE
• EBFI Updates
• Regulatory Requirement Concerning IT and Cyber Security
• Operation Risk Management (ORM) – Significant Highlight
• Updates on Management Risk Model 1H 2023
• Compliance Updates
8 September 20, 2023 • Minutes of Risk Oversight Committee Meetings
• August 2023 Credit Portfolio Update
• Updates on Adira Finance
• Compliance Updates
9 October 26, 2023 • Minutes of Risk Oversight Committee Meetings
• Contingency Funding Plan (CFP) Policy Annual Review.
• Treasury and Capital Market (TCM) Update.
DISCUSSION & ANALYSIS
• Recovery Plan Annual Review
• September 2023 Credit Portfolio Update
• Risk Profile Q3 – 2023
MLRM, IRM and ORM Quarterly Update
MANAGEMENT
•
• Compliance Updates
10 November 23, 2023 • Minutes of Risk Oversight Committee Meetings
• Update on the Risk Oversight Committee Charter
• Updates on Risk Management Charter
• Management Risk Policy (Bank & Consolidation)
• Sustainable Finance Action Plan (SFAP) 2024 – 2028
• Q3 2023 Risk Profile (Consolidated)
• Peer Analysis Q3 – 2023
• End of year Credit Parameters
• Enterprise Banking and Financial Institution (EBFI) Update
OPERATIONAL REVIEW
• Market and Liquidity Risk Management Policy Review
• Compliance Updates
• AML CFT and Counter Proliferation Financing Weapon Mass Destruction Program Update
Implementation of Risk Oversight Committee Activities in 2023
The Risk Oversight Committee periodically reports activities and recommendations to the Board of Commissioners.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 381
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CORPORATE
GOVERNANCE
NOMINATION AND REMUNERATION 6. The Nomination and Remuneration Committee
COMMITTEE shall evaluate all members of both the Boards of
Commissioners and/or Directors to be reappointed
The Nomination and Remuneration Committee is a at the General Meeting of Shareholders.
committee that assists the Board of Commissioners 7. The Nomination and Remuneration Committee shall
with its functions and duties to review and assess the review and evaluate Candidates using the same
nominations and remuneration of members of the method without prejudice to gender, race, religion
Boards of Directors and Commissioners. The reports to or the source of the initial recommendation.
the Board of Commissioners. 8. The Nomination and Remuneration Committee
shall review and evaluate candidates based on the
Nomination and Remuneration Committee Charter minimum and other criteria with due consideration
The Nomination and Remuneration Committee on all facts and circumstances deemed appropriate,
has a Charter that governs matters on objectives, including, among others, the proposed Candidate’s
accountability, structure and membership, term of banking knowledge and expertise, depth and breadth
office, duties and responsibilities, authority, meeting of professional experience or other backgrounds,
convention, and reporting. The Nomination and independency, and the need for members of the
Remuneration Committee’s Charter is reviewed Boards of Commissioners/Directors.
periodically. 9. The Nomination and Remuneration Committee
shall propose all criteria-meeting candidates (both
Duties and Responsibilities In Nomination identified internally and by shareholders) to the
The duties and responsibilities of the Nomination and Board of Commissioners via a circular letter that
Remuneration Committee include: nominates them as members of the Boards of
1. The Nomination and Remuneration Committee Commissioners/ Directors at the next General
shall give recommendations to the Board of Meeting of Shareholders.
Commissioners on: 10. The candidates for members of the Boards of
- The composition of members of the Boards of Commissioners/ Directors shall be will be officially
Commissioners and/or Directors appointed after the General Meeting of Shareholders
- Policies and criteria required in the Nomination gives approval and after they have met all the
process criteria as required by regulations including but
- Policy for evaluating the performance of not limited to the fit and proper test given by the
members of the Boards of Commissioners and/ Financial Services Authority and other authorities
or Directors.
2. The Nomination and Remuneration Committee 11. The Nomination and Remuneration Committee
shall review, evaluate and give recommendations shall evaluate and recommend to the Board
on the system and procedures for selecting and/or of Commissioners candidates for members of
replacing members of the Board of Commissioners the Boards of Commissioners and Directors of
and members of the Board of Directors. subsidiaries with significant impact on the Bank.
3. The Nomination and Remuneration Committee 12. The Nomination and Remuneration Committee may
shall identify, review and recommend candidates give “no objection” to candidates for members of
for members of the Board of Commissioners and/ the subsidiaries’ Board of directors.
or Directors, including the President Director, to 13. The Nomination and Remuneration Committee
the Board of Commissioners to be submitted to the shall assist the Board of Commissioners in assessing
General Meeting of Shareholders for approval. the performance of its members and/or members
4. The Nomination and Remuneration Committee of the Board of Directors based on benchmarks as
recommends to the Board of Commissioners evaluation material.
independent parties as candidates for members of 14. The Nomination and Remuneration Committee
the Board of Commissioners committees. shall give recommendations to the Board of
5. At Danamon’s expense, the Nomination and Commissioners on capacity development programs
Remuneration Committee may from time to time for members of the Boards of Commissioners and/
exercise its authority to use the services of one or or Directors.
more search firms to identify candidates (including 15. Members of the Nomination and Remuneration
approving the fee and terms of the search firm). Committee shall improve their competence through
continuous education and training.
382 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
16. The Nomination and Remuneration Committee shall 5. Reviewing and making periodic updates to its work
prepare, review and update the Nomination and charter.
Remuneration Committee Charter periodically and 6. Keeping the confidentiality of all Danamon
make it is available on Danamon’s official website. documents, data and information.
17. Members of the Nomination and Remuneration 7. Increasing competence through continuous
MANAGEMENT REPORT
Committee shall keep the confidentiality of all education and training.
Danamon documents, data and information.
The Nomination and Remuneration Committee
Duties and Responsibilities in Remuneration shall report the implementation of its duties and
The duties and responsibilities of the Nomination and responsibilities along with the remuneration
Remuneration Committee include: procedures that have been implemented to the Board
1. Formulating policies, evaluating and giving of Commissioners. This report is part of the Report
recommendations to the Board of Commissioners on the implementation of the duties of the Board of
on: Commissioners and is submitted at the GMS.
- Structure and amount of remuneration for the
COMPANY PROFILE
Boards of Commissioners and Directors and, if Authority of the Nomination and Remuneration
necessary, for Senior Management. Committee
- Remuneration, including salary, allowances, The Nomination and Remuneration Committee has the
bonuses and incentives rewarded based on target authority to execute Nomination policies, including:
achievements as have been predetermined for a. The Nomination and Remuneration Committee has
the President Director and other members of the authority to access Danamon’s documents, data
the Board of Directors, members of the Board and information as may be required.
of Commissioners and the Sharia Supervisory b. Under the scope of its duties and responsibilities,
Board. the Nomination and Remuneration Committee is
DISCUSSION & ANALYSIS
- Remuneration, including salaries and allowances authorized to communicate directly with employees,
of Independent Parties. Directors and other parties.
MANAGEMENT
2. Assisting the Board of Commissioners in making c. If necessary, the Nomination and Remuneration
performance appraisals in accordance with the Committee is authorized to engage independent
remuneration received by each member of the parties to assist in carrying out its duties.
Boards of Commissioners and/or Directors. d. The Nomination and Remuneration Committee
3. Attending closely to the following matters in has other authorities delegated by the Board of
preparing the structure, policies and amount of Commissioners.
Remuneration:
OPERATIONAL REVIEW
- Remuneration that prevail in the industry in Structure, Membership, Expertise and Legal
accordance with Danamon’s business activities Basis for Appointment of the Nomination
and business scale and Remuneration Committee
- Fairness of remuneration compared to peer
group Structure and Membership of the Nomination and
- The duties, responsibilities and authorities Remuneration Committee
of members of the Boards of Directors and/ In 2023, there will be changes to the structure and
or Commissioners related to Danamon’s goal membership of the Nomination and Remuneration
achievement and performance Committee. Based on the GMS on 31 March 2023
- Performance targets or performances of each and based on the decision of the Nomination and
GOVERNANCE
CORPORATE
member of the Boards of Directors and/or Remuneration Committee meeting on 03 March
Commissioners 2023, the Nomination and Remuneration Committee
- Balanced fixed and variable allowances consists of 5 (five) people, consisting of 2 (two)
- Danamon’s financial performance and Independent Commissioners, 2 (two) Commissioners,
compliance with applicable regulations and 1 (one) Danamon Executive Officer in charge of
- Consideration on Danamon’s long-term targets Human Resources. The structure and membership of
and strategies. the Nomination and Remuneration Committee have
4. Evaluating the structure, policies and amount of complied with applicable regulations.
remuneration as referred to above at least 1 (one)
CORPORATE DATA
time in 1 (one) year.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 383
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CORPORATE
GOVERNANCE
Membership Structure of The 2023 Nomination and Remuneration Committee
Position in Nomination and
No Name Position at Company
Remuneration Committee
1 Halim Alamsyah Vice President Commissioner (Independent) Chairman
2 Yasushi Itagaki President Commissioner Member
3 Hedy Maria Helena Lapian Independent Commissioner Member
4 Nobuya Kawasaki Commissioner Member
5 Roy F. Permana Executive Human Resources Officer Member
Expertise of Nomination and Remuneration Policy and Convention of Nomination and
Committee Members Remuneration Committee Meetings
All Committee members have met the applicable
provisions pertaining to the expertise requirements Nomination and Remuneration Meeting
of Committee members with due attention to their 1. The Nomination and Remuneration Committee
respective integrity, attitudes and morals as outlined in shall hold at least 1 (one) meeting in every 4 (four)
the personal statement. months.
2. Committee meetings can only be held if:
Legal Basis of Appointment a. attended by the majority of the Committee
Members of the Nomination and Remuneration members; And
Committee are appointed through the Circular Decree b. chaired by one of the majority of the Committee
of the Nomination and Remuneration Committee of PT members.
Bank Danamon Indonesia Tbk No 002/HR-Nomco/0323 3. Meeting decisions shall be made based on the
dated March 1, 2023, Circular Decree of the Board of principle of deliberation to reach consensus.
Commissioners No KSR-KOM.CORSEC.04.2023.003 4. In the event that a consensus is not reached,
dated April 10 2023 and stipulated in Directors Circular then the decisions shall be made through voting.
Decree No KSR-DlR.CORSEC.04.2023.003 dated April Decisions taken based on a majority vote are based
10, 2023. on the principle of 1 (one) person 1 (one) vote.
5. Dissenting opinions during the Nomination and
Independency of the Nomination and Remuneration Remuneration Committee meetings shall be stated
Committee clearly in the minutes of the meeting along with
To uphold independency and objectivity, the underlying reasons.
Nomination and Remuneration Committee is chaired 6. Every Nomination and Remuneration Committee
by an Independent Commissioner, Halim Alamsyah. meeting shall be recorded in the minutes, properly
Members of the Board of Directors shall not sit in documented, and signed by all of the present
the Committee. Members of the Nomination and members of the Nomination and Remuneration
Remuneration Committee shall comply with the Committee.
Danamon Code of Conduct. 7. The minutes of Nomination and Remuneration
Committee meetings shall be submitted in writing
Term of Office to the Board of Commissioners.
The term of office of members of the Nomination and
Remuneration Committee is no longer than the term of Meeting Convention, Attendance, and Agenda
office of the Board of Commissioners as regulated in During 2023, the Nomination and Remuneration
Danamon’s Articles of Association and can only be re- Committee held 6 (eight) meetings with attendance of
elected for 1 (one) subsequent period. each Committee given below:
384 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Attendance of Nomination and Remuneration Committee Members at 2023 Meetings
Name Total Attendances
J.B. Kristiadi Pudjosukanto** 2/2
Kenichi Yamato* 4/4
MANAGEMENT REPORT
Yasushi Itagaki * 2/2
Hedy Maria Helena Lapian 6/6
Nobuya Kawasaki 6/6
Roy F Permana 6/6
Halim Alamsyah ** 2/2
Note:
* The appointment of Yasushi Itagaki as President Commissioner to replace Kenichi Yamato was announced at the GMS on March 31, 2023
** The appointment of Halim Alamsyah as Vice President Commissioner to replace JB Kristiadi was announced at the GMS on March 31, 2023
COMPANY PROFILE
Nomination and Remuneration Committee Meeting Agenda in 2023
No Date of Meeting Meeting Agenda
1 February 9, 2023 2022 Performance Bonus and 2023 Salary Increase
2 February 9, 2023 Changes to the BOD at the General Meeting of Shareholders on March 31, 2023
3 March 3, 2023 Composition of BOD, BOC, DPS and members of Bank Danamon Committee who were
also committee members
4 March 3, 2023 Remuneration for the new President Commissioner of Bank Danamon
DISCUSSION & ANALYSIS
5 June 16, 2023 2020 Long Term Incentive, payment on June 23 2023
6 December 21, 2023 LTI Grant 2023 & Car Benefit
MANAGEMENT
Work Activities in Nomination Remuneration work activities can be broadly
• Given below is the summary of important work done summarized as listed below:
by the Nomination and Remuneration Committee: - Recommended bonuses and salary increases for
• Gave recommendations for the member composition 2023
of the Board of Commissioners Committees. - Conducted a review of and recommended
• Reviewed nominations for the appointment of remuneration for the new Vice President Director
OPERATIONAL REVIEW
President Commissioner and Commissioner at Bank and Directors
Danamon - Conducted a review of and recommended the
• Gave recommendations on member composition remuneration of the new President Commissioner
of Danamon’s Board of Commissioners in each and Commissioners
Committee. - Conducted a review of and recommended
• Gave recommendations for the appointment of remuneration for new Directors and Commissioners
members of Danamon’s Board of Directors. - Conducted a review of s the proposed 2023 Long
Term Incentive program.
Report on the Implementation of the Nomination
and Remuneration Committee’s Work Activities for The Nomination and Remuneration Committee
GOVERNANCE
CORPORATE
the 2023 Remuneration policy periodically reports its activities to the Board of
Commissioners.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 385
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CORPORATE
GOVERNANCE
CORPORATE GOVERNANCE COMMITTEE 5. Reviewing the governance report issued by the
Company to ensure its transparency and accuracy
The Corporate Governance Committee is a committee recommend improvements to the Board of
that assists the Board of Commissioners in monitoring Directors.
the effectiveness of governance structures, frameworks, 6. Suggesting recommendations in order to provide
policies and resources to support an effective endorsement to the Board of Commissioners for
implementation of good governance principles. the Company’s governance report and policies.
The Corporate Governance Committee reports to 7. Periodically formulating, reviewing and updating
the Board of Commissioners on oversight over the the Committee Charter and uploading it on the
Company’s governance implementation and regulatory Company’s website.
compliance. 8. Keeping all Company documents, data and
information confidential at all times.
Governance Committee Charter 9. Reporting its activities to the Board of
The Corporate Governance Committee has Committee Commissioners.
Charter that governs matters pertaining to objectives,
accountability, structure and membership, term of Authority of the Corporate Governance Committee
office, duties and responsibilities, authority, meeting The authorities of the Corporate Governance
convention, and reporting. The Charter is reviewed Committee include:
periodically. 1. Accessing the Company documents, data and
information as may be required.
Duties and Responsibilities of the Corporate 2. Communicating directly with employees, Directors
Governance Committee and other parties related to the implementation of
In discharging its duties and responsibilities, duties and responsibilities.
the Corporate Governance Committee shall act 3. Engaging independent parties to assist it with its
independently. The duties and responsibilities of the duties when necessary.
Corporate Governance Committee include: 4. Exercising other authorities assigned by the Board
1. Adhering to the Company’s Code of Conduct. of Commissioners.
2. Evaluating the structure and governance framework
as well as their conformity to the Company’s Structure, Membership, Expertise and Legal Basis
governance policies. for Appointment
3. Periodically reviewing and assessing the principles
and practices of the Company’s governance and Corporate Governance Committee Structure and
giving recommendations for improvement to the Membership
Board of Commissioners. The Corporate Governance Committee has 2
4. Reporting to the Board of Commissioners on (two) members, consisting of 1 (one) Independent
discrepancies in the implementation of governance Commissioner and 1 (one) Commissioner.
and suggesting remedial actions.
COMPOSITION OF CORPORATE GOVERNANCE COMMITTEE IN 2023
No Name Position at Company Position in Corporate Governance Committee
1 Peter Benyamin Stok Independent Commissioner Chairman
2 Nobuya Kawasaki Commissioner Member
Expertise Legal Basis of Appointment
All committee members have met the applicable The incumbent members of the Corporate Governance
provisions pertaining to the expertise criteria for Committee were appointed through Circular Decree
its members with due attention to their respective of the Board of Commissioners No.KSR-KOM.
integrity, attitude and high morals as stated in the CORSEC.04.2023.003 dated April 10, 2023 and ratified
personal statement. in Circular Decree of the Board of Directors No. KSR-
DIR.CORSEC.04.2023.003 dated April 10, 2023.
386 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Independency
To uphold independency and objectivity, the Corporate Governance Committee is chaired by an Independent
Commissioner, Peter Benyamin Stok. Members of the Board of Directors shall not sit in the Committee. Committee
members shall adhere to the Company’s Code of Ethics.
MANAGEMENT REPORT
Term of Office
The term of office of members of the Corporate Governance Committee shall not be longer than the term of office
of the Board of Commissioners as regulated in the Company’s Articles of Association and can only be re-elected for
1 (one) more period.
Corporate Governance Committee Meeting Policy and Convention
Corporate Governance Committee Meeting Policy
1. The Committee shall hold at least 1 (one) meeting in every 1(one) semester based on necessity.
2. A minimum of 51% (fifty one percent) of Governance Committee members shall attend the meeting.
COMPANY PROFILE
3. Meeting decisions shall be made on the principle of deliberation to reach consensus.
4. In the event no consensus is reached, then the decisions shall be made through voting. Decisions taken with a
majority vote are carried out based on the principle of 1 (one) person 1 (one) vote.
5. Dissenting opinions during the meeting shall be stated clearly in the meeting minutes along with the underlying
reasons.
6. Each meeting shall be recorded in the minutes, properly filed, approved by all present members, and submitted
to the Board of Commissioners.
Meeting Convention, Attendance, and Agenda
DISCUSSION & ANALYSIS
During 2023, the Corporate Governance Committee held 2 (two) meetings with attendance and agenda as given
below:
MANAGEMENT
ATTENDANCE OF CORPORATE GOVERNANCE COMMITTEE MEMBERS AT MEETING IN 2023
Name Attendance at Meeting
Peter Benyamin Stok 2/2
Nobuya Kawasaki 2/2
OPERATIONAL REVIEW
CORPORATE GOVERNANCE COMMITTEE MEETING AGENDA IN 2023
No Date of Meeting Meeting Agenda
1 January 18, 2023 Updates on Corporate Governance
2 July 21, 2023 • Updates on Corporate Governance
• AOB: Personal Data Protection Act
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 387
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CORPORATE
GOVERNANCE
INTEGRATED CORPORATE GOVERNANCE Authority
COMMITTEE The authorities of the Integrated Corporate Governance
Committee include:
The Company as the Main Entity of the MUFG Group 1. The Integrated Corporate Governance Committee
Financial Conglomeration has set up an Integrated has the authority to access the documents, data
Corporate Governance Committee to assist the Board and information of the Main Entity, Subsidiaries and
of Commissioners as the Board of Commissioners of the Related Companies as may be required pursuant
Main Entity in with its oversight function, especially over to each of the entity’s internal policies and all
the implementation of Integrated Corporate Governance applicable regulatory provisions.
in the MUFG Group Financial Conglomeration pursuant 2. The Integrated Corporate Governance Committee
to all regulatory provisions. The Integrated Governance has the authority to communicate directly with
Committee reports to the Board of Commissioners. employees, Directors and other parties in the Main
Entity, Subsidiaries and Related Companies.
Integrated Corporate Governance Committee 3. The Integrated Corporate Governance Committee
Charter has the authority to engage independent parties to
The Company’s Integrated Corporate Governance assist it with its duties when necessary.
Committee has Charter that governs matters related to 4. The Integrated Corporate Governance Committee
objectives, accountability, structure and membership, has other authorities delegated by the Board of
term of office, duties and responsibilities, authority, Commissioners of the Company/Main Entity.
meeting convention, and reporting. The Integrated
Corporate Governance Committee Charter is reviewed Structure, Membership, Expertise and Legal Basis
periodically. for Appointment of the Integrated Corporate
Governance Committee
Duties and Responsibilities of the Integrated
Corporate Governance Committee Structure and Membership of the Integrated
The duties and responsibilities of the Integrated Corporate Governance Committee
Corporate Governance Committee include: In line with changes to the MUFG Group Financial
1. Evaluating the implementation of integrated Conglomeration, the Integrated Corporate Governance
Corporate Governance at least through assessing Committee has 8 (eight) members:
the adequacy of internal control and the integrated 1. From the Main Entity consisting of:
implementation of compliance function. a. 1 (one) Independent Commissioner
2. Giving recommendations to the Board of Commissioners b. 1 (one) Commissioner
of the Main Entity pertaining to improvements in c. 1 (one) Independent Party
integrated Corporate Governance policies. d. 1 (one) member of the Sharia Supervisory Board
3. Increasing the competence of members through 2. From Subsidiaries:
continuous education and training. 1 (one) Independent Commissioner representing
4. Having in place, and periodically reviewing and and appointed from the Subsidiary Company.
updating the Integrated Corporate Governance 3. From Related Companies:
Committee Charter. 3 (three) Supervisory Board members representing
5. Keeping the confidentiality of all documents, data and and appointed from the Related Companies.
information of the Main Entity and Subsidiaries.
MEMBER COMPOSITION OF THE INTEGRATED GOVERNANCE COMMITTEE IN 2023
Position in the Integrated Corporate
No Name Position at Company
Governance Committee
1 Peter Benyamin Stok Independent Commissioner Chairman
2 Nobuya Kawasaki Commissioner Member
3 M Din Syamsudin Chairman of Sharia Supervisory Board Member
4 Zainal Abidin Independent Party Member
5 Krisna Wijaya Representatives of PT Adira Dinamika Member
Multi Finance, Tbk.
6 Christopher Mark Davies Representatives of MUFG Jakarta Member
7 Andre S Painchaud Representatives of MUFG Jakarta Member
8 Yasuhiko Togo Representatives of MUFG Jakarta Member
388 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Expertise of Integrated Corporate Governance Integrated Corporate Governance Committee
Committee Members Meeting Policy and Convention
Each member has the expertise needed to carry out the
committee’s functions by ensuring that each member Integrated Corporate Governance Committee
has integrity, good attitudes and high morals as stated Meeting Policy
MANAGEMENT REPORT
in their personal statements. 1. The Committee shall hold at least 1 (one) (one)
meeting in every 1 (one) semester.
Legal Basis of Appointment 2. Minimum attendance at committee meetings shall
The incumbent members of the Integrated Corporate be 51% (fifty one percent) of the members of the
Governance Committee were appointed through Integrated Corporate Governance Committee.
Circular Decree of the Board of Commissioners No.KSR- 3. Meeting decisions shall be made on the principle of
KOM. CORSEC. 04.2023.003 dated April 10, 2023 and deliberation to reach consensus. If no consensus is
stipulated in Circular Decree of the Board of Directors reached, then the decisions shall be made through
No.KSR-DIR.CORSEC.04.2023.003 dated April 10, 2023. voting. Decisions are made with a majority vote
based on the principle of 1 (one) person 1 (one)
COMPANY PROFILE
Independency of the Integrated Corporate vote.
Governance Committee 4. Dissenting opinions during the meeting shall be
To uphold independency and objectivity, the Integrated stated clearly in the minutes of the meeting along
Corporate Governance Committee is chaired by an with underlying reasons.
Independent Commissioner, Peter Benyamin Stok. 5. Each meeting shall be recorded in the minutes,
Members of the Board of Directors shall not sit in properly filed, approved by all of the Committee’s
the Integrated Corporate Governance Committee as present members, and submitted to the Board of
members. Commissioners of the Main Entity.
DISCUSSION & ANALYSIS
Term of Office Meeting Convention, Attendance Level, and Agenda
The term of office of members of the Integrated During 2023, the Integrated Corporate Corporate
MANAGEMENT
Corporate Governance Committee shall not be longer Governance Committee held 2 (two) meetings with
than the term of office of the Board of Commissioners attendance and meeting agenda given below:
as regulated in the Company’s Articles of Association.
ATTENDANCE OF MEMBERS OF THE INTEGRATED CORPORATE GOVERNANCE COMMITTEE AT THE MEETING IN 2023
Name Attendance at Meeting
OPERATIONAL REVIEW
Peter Benyamin Stok 2/2
Nobuya Kawasaki 1/2
M. Din Syamsudin 2/2
Zainal Abidin 2/2
Krisna Wijaya 2/2
Christopher Mark Davies 2/2
Andre S Painchaud 2/2
GOVERNANCE
Yasuhiko Togo 2/2
CORPORATE
INTEGRATED CORPORATE GOVERNANCE COMMITTEE MEETING AGENDA IN 2023
No Date of Meeting Meeting Agenda
1 February 7, 2023 • Governance of the Main Entity Financial Conglomeration
• Updates on Adira Finance Corporate Governance
• Updates on MUFG Jakarta Governance
2 August 8, 2023 • Governance of the Main Entity Financial Conglomeration
• Updates on Adira Finance Corporate Governance
CORPORATE DATA
• Updates on MUFG Jakarta Governance
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 389
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CORPORATE
GOVERNANCE
THE BOARD OF
DIRECTORS
The Board of Directors is the organizational body of 2. Shall refrain from abusing the Company for their
an Issuer or Public Company that has full authority own, family and/or other party interests which
and responsibility for the overall management and for may harm or reduce its profits and jeopardize the
the best interests of the Issuer or Public Company in reputation of the company and its subsidiaries.
accordance with its corporate objective;, and represents 3. Shall refrain from taking/making personal benefits
it both inside and outside the court in accordance with from the Company other than remuneration and
the provisions of the Articles of Association. other facilities determined by the General Meeting
of Shareholders.
Members of the Board of Directors are appointed 4. Shall refrain from assuming any other position as a
at the General Meeting of Shareholders (GMS) member of the Board of Commissioners, Directors,
with due consideration on recommendations from of the Sharia Supervisory Board or Executive Officer
the Nomination Committee through the Board of at other bank, company and/or institution.
Commissioners. The appointment is effective on the 5. The referred other positions are positions
date determined in the GMS and ends at the closing of directors who oversee investments in the
of the 3rd (third) GMS afterward. The term of office Company’s Subsidiaries, members of the Board of
of members of the Board of Directors appointed later Commissioners in non-bank Subsidiaries controlled
begins on the date specified in the GMS and ends by the Company, positions as acting directors,
on the same date as the term of office of their fellow positions in non-profit organizations or institutions,
members. as long as the referred positions do not cause the
members of Board of Directors to neglect how
The Board of Directors is accountable for the they carry out their duties and responsibilities as a
implementation of its duties to the GMS. In discharging member of the Company’s Board of Directors.
it duties, the Board of Directors is given clear authority 6. Shall refrain from owning shares exceeding 25%
and responsibility according to bylaws and the (twenty five percent) or more of the paid-up capital
Company’s Articles of Association. Members of the of another company, either individually or jointly.
Board of Directors whose term of office has ended may 7. The share ownership excludes share ownership of
be re-elected by the GMS for another 3 year period. members of the Board of Directors individually or
jointly due to bonuses and/or tantiems received in
BOARD OF DIRECTORS CHARTER the form of shares that results in share ownership
The Board of Directors has a Charter that is prepared of 25% (twenty five percent) or more as referred to
and reviewed periodically based on applicable in point 5.
regulations, international best practices and best 8. Share ownership of the President Director or Director
governance practices. The Charter contains and in charge of the compliance function as a result of
governs matters related to general provisions, roles bonuses, tantiems, share ownership programs for
and accountability, structure and membership, duties management, and/or share ownership programs
and responsibilities, committee formation, authority, for employees in companies that are controlling
transparency, work ethics, meeting convention, term of shareholders and/or the ultimate controller of the
office, and reporting. Bank, is not taken into account in assessing the
independency of controlling shareholders, as long
WORK ETHICS as:
Each member of the Board of Directors has work ethics, a. Share ownership is the policy of the controlling
as follows: shareholder and/or ultimate controller of the
1. Shall carry out their duties and responsibilities in Bank and is not an initiative of the President
good faith, with full responsibility and the principle Director or Director in charge of the compliance
of prudence. function.
390 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
b. Share ownership is not entitled for trading. 15. Shall refrain from requesting, accepting, permitting,
c. The referred Director shall submit a statement and/or agreeing to receive compensation,
that they will always act independently while commission, additional money, services, money,
serving as the President Director or Director in valuables, and/or anything of economic value or
charge of the compliance function although they other benefits, for own, family, or other parties
MANAGEMENT REPORT
have shares as the controlling shareholder and/ benefits in the running the Bank’s business and
or ultimate controller of the Bank. other activities related to the Bank
9. It is not permissible for the majority of members of 16. Shall refuse and/or are prohibited to accept orders
the Board of Directors to have family relationships or requests from Bank shareholders, affiliated
up to the second degree with fellow members of parties, and/or other parties to:
the Board of Directors and/or with members of the a. carry out actions related to the Bank’s business
Board of Commissioners. activities and/or other activities that are in
10. Shall refrain from delegating general power of violation of f Good Governance at the Bank
attorney to other parties which results in the b. commit criminal acts and/or other felonies that
transfer of their duties and functions. are indicated as criminal acts.
COMPANY PROFILE
11. Shall refrain from using the services of individual c. carry out actions and things that can harm, have
advisors and/or professional services as experts or the potential to harm, and/or reduce the Bank’s
consultants unless the following prerequisites are profits.
met:
a. the project is special. BOARD OF DIRECTORS’ DISCLOSURE
b. based on a clear contract, which at least includes 1. The Board of Directors discloses in the Corporate
the scope of work, rights and responsibilities, Governance Implementation Report, among other
and work period and costs. matters:
c. carried out by an independent party who has a. Share ownership of 5% or more in the Company
DISCUSSION & ANALYSIS
certain technical knowledge with adequate or in other banks and/or other companies, head
skill qualification standards to work on special quartered at home and abroad.
MANAGEMENT
projects. b. Financial relationships and family relationships
d. carried out by parties who do not hold structural up to the second degree with fellow members,
positions at the Bank. members of the Board of Commissioners, and/
e. carried out by parties who do not have the or controlling shareholders of the Company.
authority to make Bank operational decisions. c. Remuneration and facilities received from the
12. Shall refrain from making untrue statements Company.
regarding material facts or disclosing material d. Position in another company.
OPERATIONAL REVIEW
facts to avoid misleading statements about the 2. The Board of Directors shall disclose to employees
circumstances under which such statements are all of the Company’s strategic internal employment
made. policies.
13. Shall comply with the Company’s Code of Conduct,
applicable laws and regulations, as well as the DUTIES AND RESPONSIBILITIES OF THE BOARD OF
Company’s internal policies. DIRECTORS
14. Shall avoid all forms of conflict of interest in carrying Duties and Responsibilities of the Board of Directors
out their duties in managing the Bank. In the event include:
where a conflict of interest is unavoidable, members 1. Be fully responsible for the Company’s management
of the Board of Directors shall disclose the conflict of for the best interests of the Company in accordance
GOVERNANCE
CORPORATE
interest in every decision that meets the conflict of with the Company’s aims and objectives as stipulated
interest criteria and shall refrain from taking actions in the provisions of statutory regulations, articles of
that have the potential to harm the Bank or reduce association and GMS decisions.
its profits. 2. Manage the Company with authority and
responsibility as regulated in the Company’s Articles
of Association and applicable laws and regulations.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 391
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CORPORATE
GOVERNANCE
3. Implement the principles of Good Corporate 15. Take the responsibility to:
Governance in every Company business activity at a. develop policies and procedures to identify and
all levels of the organization. manage troubled assets, asset classification,
4. Be fully responsibility for determining the short- calculations related to provisions and reserves,
term, long-term strategic direction and priorities of and asset write-offs;
the Company. b. conduct regular reviews of asset classification
5. Follow up on audit and examination findings and and provisions for troubled credit and/or
recommendations from the Company’s Internal financing, as well as identifying and managing
Audit Work Unit, external auditors, results of troubled assets adequately, including reserves
oversight by the Financial Services Authority, Bank that are in line with the risks that occur; And
Indonesia and/or results of oversight by other c. conduct regular reviews of the reserves
authorities and institutions. established to suit current conditions, in
6. Run the Company’s social responsibility programs. accordance with standards and provisions of
7. Establish an Internal Audit Work Unit, Risk statutory regulations.
Management Work Unit and Risk Management 16. carry out duties and responsibilities as regulated
Committee, and Compliance Work Unit and set in the Directors’ Decree regarding the division of
up other work units as required by POJK in order duties and authority of members of the Board of
to implement the principles of good corporate Directors, including mechanisms for appointing an
governance. acting director.
8. Maintain a healthy and open relationship with the
Board of Commissioners and support the Board of AUTHORITY OF THE BOARD OF DIRECTORS
Commissioners in exercising its role as an oversight 1. Represent the Company inside and outside the
body. court on all matters and in all events, bind the
9. Be accountable for the implementation of its duties Company with other parties and vice versa and
to shareholders through the General Meeting of carry out all actions, both regarding management
Shareholders. and ownership, but with restrictions and conditions
10. Disclose to employees regarding the Company’s as stated in Company Articles of Association.
strategic internal employment policies. 2. Carry out other authorities granted by the
11. Provide accurate, relevant and timely data and Company’s Articles of Association and applicable
information to the Board of Commissioners and run laws and regulations.
data and information management in accordance 3. It’s a quorum for any 2 (two) members of the Board
with the Company’s Good Governance and statutory of Directors to represent the Company and act for
provisions. and on behalf of the Board of Directors.
12. Ensure the implementation of Integrated
Governance in the Financial Conglomerate as POLICY FOR BOARD OF DIRECTORS COMPOSITION
stipulated in the Integrated Governance policy. DIVERSITY
13. Ensure the implementation of integrated Risk The Company has a diversity policy that offers reference
Management and compliance which is adapted to in the nomination process for prospective members of
the latest developments in the banking ecosystem the Board of Directors. The Company appreciates and
and supported by digitalization and technological respects every difference in viewpoint, knowledge,
innovation, and ensures that the implementation of ability and experience of each individual without
risk management covers country risk and transfer prejudice against race, ethnicity, gender and religion.
risk.
14. Be responsible for the development of UUS and In the nomination process, the Company also attends
the responsibilities of the Director in charge of to other minimum requirements and criteria than
UUS must be carried out in accordance with POJK the scope and balance of knowledge, expertise and
regarding sharia business units. experience as well as the need for diversity in order
to obtain the optimal composition of the Board of
Directors. An optimal composition of the Board of
Directors can optimize decision making and ultimately
improve the Company’s performance.
392 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
BOARD OF DIRECTORS’ SUCCESSION POLICY
The Company has a succession policy for members of the Board of Directors to secure leadership succession in the
future. The succession is carried out through the identification of potential executive officials through the Talent
Review Program. Each member of the Board of Directors has to submit a minimum of 2 (two) replacement candidates
whose competency and skill gaps will be evaluated and identified. These replacement candidates will be grouped in
MANAGEMENT REPORT
the talent inventory to be recommended to the Nomination and Remuneration Committee.
BOARD OF DIRECTORS NOMINATION POLICY
The Nomination Policy is prepared as a basis for carrying out the process of identifying candidates for members
of the Board of Directors with the best qualifications who meet the minimum criteria as stipulated in statutory
regulations and other criteria.
The Nomination and Remuneration Committee runs the process of identifying candidates for Directors and
may use the services of a third party (search firm) when necessary. The Nomination and Remuneration Committee
identifies candidates who meet the criteria, interviews and selects candidates (including verifying their background
COMPANY PROFILE
and reference).
The Nomination and Remuneration Committee will consider knowledge, professional skills and experience, as well
as compositional diversity without prejudice against race, ethnicity, gender and religion in identifying candidates.
The Nomination and Remuneration Committee proposes the selected candidates to the Board of Commissioners for
approval and ratification at the General Meeting of Shareholders. The Nomination and Remuneration Committee will
also evaluate all members of the Board of Directors who will be reappointed at the General Meeting of Shareholders.
NUMBER, COMPOSITION AND CRITERIA OF BOARD OF DIRECTORS
DISCUSSION & ANALYSIS
The table below details the composition, number and composition of members of the Company’s Board
of Directors:
MANAGEMENT
No Name Position
1 Daisuke Ejima President Director
2 Honggo Widjojo Kangmasto Vice President Director
3 Hafid Hadeli Vice President Director
4 Herry Hykmanto Director
OPERATIONAL REVIEW
5 Rita Mirasari Director
6 Dadi Budiana Director
7 Muljono Tjandra Director
8 Naoki Mizoguchi Director
9 Thomas Sudarma Director
All members of the Board of Directors have passed the fit and proper test from the OJK.
The Company’s Board of Directors has 9 (nine) members or more than the mandatory 3 (three). The Board of
Directors has more members than the Board of Commissioners which has only 6 (six). The majority of members of
GOVERNANCE
CORPORATE
the Board of Directors are Indonesian citizens who reside in Indonesia.
The Board of Directors is led by the President Director who comes from professional circles, has adequate integrity
and competence. The President Director is an independent party who has no management, ownership and/or
financial relationships or family relationships with the controlling shareholder.
All members of the Board of Directors have met the criteria for integrity, competence and financial reputation,
including that they have good character and morals, have never been declared bankrupt or sentenced for committing
a criminal act, and have the knowledge, expertise and experience of running operations as bank executive officers.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 393
Page 396
CORPORATE
GOVERNANCE
Effective date
Term of Frequency of
Name Position GMS Date (Agreement Domicile
Office Appointment
BI/OJK)
Daisuke Ejima President March 31, 2023 April 1, 2023 2023 – 2026 1x Indonesia
Director
Honggo Widjaja Vice President October 1,2019 December 5, 2019 2019 - 2020 3x Indonesia
Kangmasto Director
March 23, 2020 2020 - 2023
March 31, 2023 2023 - 2026
Hafid Hadeli Vice President March 25, 2022 July 8, 2022 2022 - 2023 2x Indonesia
Director
March 31, 2023 2023 – 2026
Herry Hykmanto Director April 03, 2008 May 13, 2008 2008 - 2011 6x Indonesia
2011 - 2014
2014 - 2017
2017 - 2020
March 26, 2019* April 25, 2019* 2019 - 2020
March 23, 2020 2020 - 2023
March 31, 2023 2023 - 2026
Rita Mirasari Director September 07, 2016 September 14, 2016 2016 - 2017 4x Indonesia
2017 - 2020
March 26, 2019 April 25, 2019** 2019 - 2020
March 23, 2020 2020 - 2023
March 31, 2023 2023 - 2026
Dadi Budiana Director March 20, 2018 October 17, 2018 2018 - 2020 3x Indonesia
March 26, 2019 *
April 25, 2019 **
2019 - 2020
March 23, 2020 2020 - 2023
March 31, 2023 2023 - 2026
Muljono Tjandra Director October 1, 2019 December 5, 2019 2019 - 2020 3x Indonesia
March 23, 2020 2020 - 2023
March 31, 2023 2023 – 2026
Naoki Mizoguchi Director October 1, 2019 December 5, 2019 2019 - 2020 3x Indonesia
March 23, 2020 2020 - 2023
March 31, 2023 2023 - 2026
Thomas Sudarma Director March 25, 2022 July 8, 2022 2022 - 2023 2x Indonesia
March 31, 2023 2023 - 2026
Information:
* EGMS decision on March 26, 2019 approved changes to the composition of the Board of Directors due to the merger process between Danamon and PT Bank
Nusantara Parahyangan Tbk ("BNP").
** Based on OJK letter No. S-122/PB.12/2019 dated 25 April 2019 concerning Submission of the Decision of the Board of Commissioners of the Financial Services
Authority regarding the Merger of PT Bank Nusantara Parahyangan Tbk into PT Bank Danamon Indonesia Tbk and the PKK Results of the Management of PT Bank
Danamon Indonesia Tbk ( as a result of the merger), all members of the Board of Directors have passed the fit and proper test from the OJK.
SCOPE OF WORK AND RESPONSIBILITIES OF EACH DIRECTOR
Each member of the Board of Directors has an area of duties and authority as regulated under the Company’s
Articles of Association and Directors’ Decisions.
In 2023, based on the Organizational Structure, the scope of duties and responsibilities of each Member of the Board
of Directors was as follows:
394 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Name Duties and Responsibilities
Daisuke Ejima Direct all Directors and run the management of and exercise oversight over the Internal Audit, Treasury
President Director Capital Market, Corporate Strategy and Human Resources work units, as well as oversight over PT Adira
Dinamika Multi Finance, Tbk.
Honggo Widjojo Kangmasto Wholesale Banking Group (Enterprise Banking & Financial Institution, and Small and Medium Enterprises),
Vice President Director Banking Transactions, Treasury Sales, Information Technology, Operations
MANAGEMENT REPORT
Hafid Hadeli Consumer Banking Group, Branch Network, and oversight over PT Adira Dinamika Multi Finance, Tbk.
Vice President Director
Herry Hykmanto Sharia Banking, SME Credit, Sustainable Finance, CREM
Director
Rita Mirasari Compliance, Financial Crime Compliance, Corporate Secretary, Legal and Litigation
Director
Dadi Budiana Risk management
Director
Muljono Tjandra Finance
Director
COMPANY PROFILE
Naoki Mizoguchi Global Alliance Strategy
Director
Thomas Sudarma Enterprise Banking & Financial Institution
Director
INDEPENDENCY OF MEMBERS OF THE BOARD OF DIRECTORS
All members of the Board of Directors do not have family relationships up to the second degree nor do they have
financial relationships with their fellow members and/or with members of the Board of Commissioners as stated in a
DISCUSSION & ANALYSIS
statement letter signed and annually updated by the members. All the members have met the independency criteria
pursuant to provisions for GCG implementation as specified under the Board of Directors Charter.
MANAGEMENT
FAMILY AND FINANCIAL RELATIONS OF MEMBERS OF THE BOARD OF DIRECTORS
Family Relation Financial Relation
With with
Member of Member of Member of Member of
Name Position Controlling Controlling
Board Board of Board Board
Shareholders Shareholders
Commissioners Directors Commissioners Directors
OPERATIONAL REVIEW
Yes No Yes No Yes No Yes No Yes No Yes No
Daisuke Ejima President Director - √ - √ - √ - √ - √ - √
Honggo Widjojo Vice President - √ - √ - √ - √ - √ - √
Kangmasto Director
Hafid Hadeli Vice President - √ - √ - √ - √ - √ - √
Director
Herry Hykmanto Director - √ - √ - √ - √ - √ - √
Rita Mirasari Director - √ - √ - √ - √ - √ - √
Dadi Budiana Director - √ - √ - √ - √ - √ - √
GOVERNANCE
Muljono Tjandra Director - √ - √ - √ - √ - √ - √
CORPORATE
Naoki Mizoguchi Director - √ - √ - √ - √ - √ - √
Thomas Sudarma Director - √ - √ - √ - √ - √ - √
CONCURRENT POSITION OF MEMBER OF THE BOARD OF DIRECTORS
The Board of Directors discloses their positions or other positions as outlined in a statement letter and signed
and annually updated by the members, excluding other positions where they are assigned to oversee Subsidiaries,
carry out functional duties and serve as members of Board of Commissioners of Subsidiaries. All members of the
Company’s Board of Directors are not assuming any other position as governed under OJK regulations on Governance
CORPORATE DATA
for Commercial Banks.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 395
Page 398
CORPORATE
GOVERNANCE
Position
Name Position in Subsidiary
in the Company
Daisuke Ejima President Director President Commissioner of PT Adira Dinamika Multi Finance, Tbk.
Honggo Widjojo Kangmasto Vice President Director -
Hafid Hadeli Vice President Director Commissioner of PT Adira Dinamika Multi Finance, Tbk.
Herry Hykmanto Director -
Rita Mirasari Director -
Dadi Budiana Director -
Muljono Tjandra Director -
Naoki Mizoguchi Director -
Thomas Sudarma Director -
SHARES OWNERSHIP OF BOARD OF DIRECTORS MEMBERS
As of December 31, 2023, the direct and indirect share ownership of each member of the Board of Directors in the
Company, Other Banks, Non-Bank Financial Institutions and other Companies are given below:
Ownership Share in
Non-Bank
Name Position
Financial Other Company
Company Other bank
Institution
Bank
Daisuke Ejima President - - - -
Director
Honggo Widjojo Vice President 854,500 - - -
Kangmasto Director shares
Hafid Hadeli Vice President 278,500 - PT GoTo Gojek Tokopedia Tbk
Director shares Number of shares 10,000,000
shares
Herry Director 562,956 - - -
Hykmanto shares
Rita Mirasari Director 273,500 - - -
shares
Dadi Budiana Director 571,500 - - -
shares
Muljono Director 407,700 - - -
Tjandra shares
Naoki Director - - - -
Mizoguchi
Thomas Director 343,500 - - -
Sudarma shares
REMUNERATION OF BOARD OF DIRECTORS
Indicators for Determining Directors’ Remuneration
The determination of Directors’ remuneration is recommended by the Nomination and Remuneration Committee
with due reference to Company’s remuneration principles and target achievement results (goal setting), applicable
regulations, industry comparison, and Company performance. The Committee’s recommendations are submitted to
the Board of Commissioners for approval from the GMS.
396 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Procedures for Determining Director’s Remuneration
The process of determining Director’s remuneration can be described as follows:
Nomination and Remuneration Committee
The Nomination and Remuneration Committee collects information regarding remuneration
MANAGEMENT REPORT
standards for similar positions and industries in the market. It also takes Company’s perfor-
mance into account. The Committee makes recommendations to the Board of Commissioners.
Board of Commissioners
The Board of Commissioners studies the Nomination and Remuneration Committee’s recom-
mendations and proposes remuneration for the Board of Directors to the GMS.
COMPANY PROFILE
General Meeting of Shareholders
The GMS determines the remuneration for Board of Directors members.
Remuneration for the Board of Directors
Remuneration is distributed to members of the Board of Directors in accordance with GMS
resolutions.
DISCUSSION & ANALYSIS
MANAGEMENT
Remuneration Structure e. At a scheduled meeting, meeting agenda shall be
Remuneration packages for members of the Board notified to participants prior to the meeting.
of Directors are paid periodically and the grouping of f. The President Director chairs the Board of Directors
remuneration levels and the number of members of the meetings. If the position of President Director is
Board of Directors who receive remuneration packages vacant or the President Director absent, the Vice
in 1 (one) year is disclosed in the Remuneration Policy President Director shall chair the meeting. If the
section of this report. position of Vice President Director is vacant or the
OPERATIONAL REVIEW
Vice President is absent, any other present member
BOARD OF DIRECTORS MEETING of the Board shall be selected to chair the meeting.
Directors’ Meeting Policies include the following: g. A member of the Board may only be represented
a. The Board of Directors shall hold 1 (one) at least 1 at meeting by their fellow member with a power of
(one) regular meeting every month or at any time if attorney.
deemed necessary. h. Board of Directors meetings and its joint meetings
b. The Board of Directors shall hold at least 1 (one) with the Board of Commissioners can be held if the
joint meeting with the Board of Commissioners in majority of members of the Board of Directors are
every 4 (four) months. present.
c. The Board of Directors shall make schedule of its i. A Board of Directors meeting is valid and has the
GOVERNANCE
CORPORATE
own meetings or joint meetings with the Board of right to make binding decisions if more than ½
Commissioners for the following year before the (one half) of its incumbent members are present or
end of the financial year. represented at the Meeting.
d. Every policy and strategic decision shall be decided j. Decisions at Board of Directors meetings shall be
through a Board of Directors meeting with due made on deliberation and consensus. In the event
consideration on the oversight of the Board of that consensus is not reached, then the decisions
Commissioners and the Company’s Articles of shall be made through voting based on affirmative
Association and other statutory regulations. votes of more than ½ (one-half) of the number of
votes validly cast at the meeting.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 397
Page 400
CORPORATE
GOVERNANCE
k. Each member of the Board of Directors present has p. Dissenting opinions during the Board of Directors
the right to cast 1 (one) vote and an additional 1 meetings shall be stated clearly in the minutes
(one) vote for each other member of the Board of of the meeting with an attached reasons for the
Directors they represent. differences in opinion.
l. Every member of the Board of Directors who q. The Board of Directors can also take legal and binding
personally, in any way, either directly or indirectly, decisions without holding a meeting, provided that
has an interest in a transaction, contract or all members of the Board of Directors agree in
proposed contract, of which the Company is a party, writing by signing a decision letter the specifies the
shall first declare the nature of the interest at the relevant proposal. The written decisions have the
Board of Directors Meeting and shall not be entitled same legal force as decisions legally taken during a
to participate in voting on the matters relating to the Board of Directors meeting.
proposed transaction or contract, unless the Board r. The Board of Directors’ decisions made in accordance
of Directors determines otherwise. with the work guidelines and regulations are binding
m. The Board of Directors meetings can be held and the responsibility of all members of the Board
physically or virtually using teleconference of Directors.
technology, video conference or through other
electronic media. FREQUENCY OF BOARD OF DIRECTORS
n. The results of the Board of Directors meeting shall MEETINGS
be stated in the minutes of the meeting, approved During 2023, the Board of Directors held 36 (thirty-six)
by all of its present members, delivered to all Board of Directors Meetings and 4 (four) joint meetings
members, and properly documented. with the Board of Commissioners. All results of meeting
o. The results of joint meetings with the Board of decisions have been documented in the minutes of the
Commissioners shall be specified in the minutes meeting. All the decisions were made by consensus and
of the meeting, approved by all of the present there were no dissenting opinions.
members of the Board of Directors and the Board
of Commissioners, delivered to all members of the
two Boards, and properly documented.
MEETING AGENDA
No Meeting Date Meeting Agenda
1 January 9, 2023 • Review and approval of meeting minutes
• Strategy and Balanced Scorecard 2023
• 2023 Investor Relations Program
2 January 24, 2023 • Review and approval of minutes of meeting
• Financial Performance December 2022
• CoC and NPL December 2022
• 2022 Audit Report
• Preparation for the 2023 Annual General Meeting of Shareholders
• Updates on SKAI
• Forum Manager
• Indonesia International Motor Show 2023
• Agile Squad Carnival
3 February 6, 2023 • Review and approval of minutes of meeting
• 2022 Dividend Payment Proposal
• Public Accountant and Public Accounting Firm 2023
• Indonesia International Motor Show 2023
4 February 20, 2023 • Financial Performance in January 2023
• Alex IT Security
• Business and Investment Exhibition in 2023
5 March 6, 2023 • Review and approval of minutes of meeting
• Closing of Adira Quantum
6 March 20, 2023 • Review and Approval of meetings of meeting
• Central Counter Party (CCP) for interest rates and foreign exchange
• Financial Performance in February 2023
• CoC and NPL in February 2023
• Updates on SKAI
398 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 401
HIGHLIGHTS
FINANCIAL
No Meeting Date Meeting Agenda
7 April 18, 2023 • Review and Approval of minutes of meeting
• Financial Performance in March 2023
• CoC and NPL in March 2023
• Danamon's 67th anniversary
MANAGEMENT REPORT
• CEO Dashboard
8 May 2, 2023 • Review and Approval of minutes of meeting
• Deep Dive Peer Banks in 2022
9 May 10, 2023 • Revision of Business Plan and Mid-Year Forecast
10 May 15, 2023 • Review and Approval of minutes of meeting
• LDR Analysis – Liquidity Perspective
• USSD Banking Sunset Plan
• Updates on SKAI
• BSI Case Studies and Learning
• Business Plan Framework
• CEO Dashboard – Winning Initiatives
11 May 22, 2023 • April 2023 Financial Performance
COMPANY PROFILE
12 May 29, 2023 • Review and Approval of minutes of meeting
• Home Credit Indonesia – Exploration of Joint Financing
• Long Term Banking Industry
13 June 5, 2023 • Updates on SOX Evaluation
14 June 7, 2023 • 2023 Revised Work Plan
15 June 12, 2023 • Review and Approval of minutes of meeting
• Peer Bank Analysis
• 3-year Planning
16 June 16, 2023 • Revised 2023 Work Plan
DISCUSSION & ANALYSIS
17 June 20, 2023 • Financial Performance in May 2023
18 June 26, 2023 • Review and Approval of minutes of meeting
MANAGEMENT
• Financial Performance in May 2023
• Cyber Security Assessment
• Phishing Exercise Results
• Banking Involvement
19 July 7, 2023 • Danamon's 67th anniversary
20 July 13, 2023 • Review and Approval of Meeting Minutes
• Ecosystem Banking
21 July 20, 2023 • Cyber Security
Protection and Recovery Capabilities
OPERATIONAL REVIEW
22 July 24, 2023 • Review and Approval of minutes of meeting
• Financial Performance in June 2023
• Mid-Year 2023 Forecast
• CoC and NPL in June 2023
• Development of 3-Year Plan
• Updates on SKAI
• Alignment with MUFG Policy – Coal Mining
• Updates on UUS Spin-Off
23 August 7, 2023 • Review and Approval of minutes of meeting
• Financial Services Regulatory Landscape
• BOM Regional Mentor
24 August 8, 2023 • Mid-Year 2023 Forecast
• 3-Year Plan Guidelines
GOVERNANCE
CORPORATE
25 August 21, 2023 • Review and Approval of Minutes of Meeting
• Financial Performance in July 2023
• CoC and NPL in July 2023
• Peer Banks Analysis – Semester I 2023
• CREM Initiatives
26 September 5, 2023 • Review and Approval of Minutes of Meeting
• Customer Complaints – CCI
• Updates of BTS Case
• Personal Expense Policy
27 September 18, 2023 • Review and Approval of Minutes of Meeting
• Capital for Sharia Business Units
• CoC and NPL in August 2023
CORPORATE DATA
• Updates on SKAI
• Discussion on BOD and BOM Regional Mentor
• Completion of HCI Investment Transactions
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 399
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CORPORATE
GOVERNANCE
No Meeting Date Meeting Agenda
28 September 29, 2023 • Review and Approval of Minutes of Meeting
• Financial Performance in August 2023
• Updates on BIS
29 October 3, 2023 • 2023 Audit Plan from Deloitte
30 October 16, 2023 • Review and Approval of Minutes of Meeting
• CoC and NPL in September 2023
• Funding Strategy
• Cyber Incident
Communication To Senior Management
• Marketing Campaign – First Semester 2024
31 October 19, 2023 • Financial Performance in September 2023
• 2023 Annual Financial Report
32 November 3, 2023 • 3 Year Plan Second Cut
33 November 13, 2023 • Review and Approval of Minutes of Meeting
• Primary Dealer for Monetary Operations
• 2018 Tax Audit Report
• Implementation of the Personal Data Protection (PDP) Law
• Updates on SKAI
• Foreign Bank Agency Activities
• Updates on MarComm
34 November 22, 2023 • Review and Approval of Minutes of Meeting
• Financial Performance in October 2023
• CoC and NPL in October 2023
• Stock Investment Policy
• Results of the Organizational Structure Questionnaire
• Tokyo-Indonesia F&B Business
• Replacement of Lost Share Certificates
• CEO Dashboard – Winning Initiatives
35 December 11, 2023 • Review and Approval of Minutes of Meeting
• Cyber Security Assessment
• Cloud Strategy for Data Lakehouse
• November 2023 Flash Financial Results and Rolling Forecast
• Quarterly Peer Banks Comparison
• Approval Limits
• Changes in Procurement Policy
• SOX Policy Changes
• Change in NPWP Numbers
• External Audit Hard Close
• EB and Branch Audit Methodology
• AOB – Reflection on CEO Dashboard
36 December 21, 2023 • Review and Approval of Minutes of Meeting
• Financial Performance in November 2023
• Improvement of the Danamon Website
• New Logo of Danamon
• Data Analysis and Data Governance Strategy
• Updates on Collaboration
AGENDA OF BOARD OF DIRECTORS MEETING INVITING BOARD OF COMMISSIONERS
No Meeting Date Meeting Agenda
1 March 31, 2023 • Review and Approval of Meeting Minutes
• Updates on Business (CEO Updates, Financial Updates, Asset Quality Updates)
2 June 23, 2023 • Revised 2023 Business Plan
3 July 27, 2023 • Review and Approval of Minutes of Meeting
• Updates on Business (CEO Updates, Financial Updates, and Asset Quality Updates/Risk Management
Updates)
• Baas-enabled Digital Customer Acquisition
4 November 27 & 28, 2023 • Review and Approval of Minutes of Meeting
• Updates on Business (Financial Updates and Asset Quality/Risk Management Updates)
• Bankwide Directions 2024 – 2026 (Macroeconomics, Strategy and Financial Plan)
• Business Strategy 2024 – 2026 (Consumer, Branch Network, Digital, Adira Finance, SME and EBFI)
• Enabler and Resource Allocation 2024 – 2026 (Sharia, Sustainability Finance, Data Analyst, IT, HR and
MUFG Collaboration)
• Non-Organic Strategy
400 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 403
HIGHLIGHTS
FINANCIAL
ATTENDANCE AT MEETINGS
The attendance of members of the Board of Directors at meetings held during 2023 is as follows:
Attendance at Joint Meetings of the Board
Attendance at Board of Directors
Name of Directors Meetings and the Board of
Meetings (Total 36 Meetings)
Commissioners (Total 4 Meetings)
MANAGEMENT REPORT
Daisuke Ejima* 30/30 3/3
Honggo Widjojo Kangmasto 33/36 4/4
Hafid Hadeli 31/36 4/4
Herry Hykmanto 35/36 4/4
Rita Mirasari 31/36 3/4
Dadi Budiana 31/36 4/4
Muljono Tjandra 34/36 4/4
Naoki Mizoguchi 35/36 4/4
Thomas Sudarma 34/36 4/4
COMPANY PROFILE
* Appointed as President Director at the AGMS March 31, 2023
MEETING SCHEDULE FOR 2024 affected by the COVID-19 pandemic in accordance
At the end of 2023, the Board of Directors had with the provisions of the regulator.
scheduled for 24 (twenty four) internal meetings and 5. Increased collaboration with MUFG in increasing
another 3 (three) meetings where it will invite the Board credit, funding, process efficiency and increasing
of Commissioners. human resource capabilities.
6. Increased investment in digital technology solutions
DISCUSSION & ANALYSIS
ATTENDANCE OF MEMBERS OF THE BOARD OF to provide improved customer service excellence
DIRECTORS AT THE ANNUAL GMS and developed automated operational processes to
MANAGEMENT
The accountability of the Board of Directors for the make it more efficient and effective.
implementation of their duties and responsibilities was
conveyed to shareholders through the 2023 Annual BOARD OF DIRECTORS PERFORMANCE
GMS. All members of the Board of Directors were ASSESSMENT
present at the Annual GMS held on March 31, 2023.
Performance Appraisal Process
Implementation of Duties and Responsibilities of The performance of the Board of Directors is assessed
OPERATIONAL REVIEW
the Board of Directors in 2023 based on the results of the collegial work of all of its
The Board of Directors ran a directed and well-planned members towards the achievement of Danamon’s work
business to meet its assigned obligations to the plans. The assessment is made with due consideration
stakeholders. The Board of Directors carried out its on the Board’s duties and responsibilities pursuant
duties and responsibilities, including: to statutory regulations and Danamon’s Articles of
Association.
1. Made consistent follow ups on the implementation
of the Company’s long-term strategy which had Performance Evaluation Criteria
been formulated in 2023. The criteria for assessing the performance of the Board
2. Pushed the growth of the Company’s core business of Directors are based on overall achievements covering
GOVERNANCE
CORPORATE
lines which include Small & Medium Enterprises, Financial, Franchise Building, Risk and Control, Human
Enterprise Banking and Consumer Banking with the Capital and Danamon Core Values aspects, as follows:
principle of prudence. 1. Financial performance
3. Through the Crisis Command Center, monitored 2. Bank health level
health protocols related to COVID 19, ensured 3. Capital
optimal health protection of employees and 4. Risk profile
customers, in addition to minimum disruption in 5. Compliance with regulations
operations and services. 6. Significance of audit results
4. Implemented the government’s economic stimulus 7. Long-term goals and strategies
CORPORATE DATA
program by providing credit relaxation to customers 8. Implementation of corporate governance principles
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 401
Page 404
CORPORATE
GOVERNANCE
Implementation of Assessment conditions. The NPL ratio was 2.2%, an improvement
The performance of the Board of Directors is assessed of 0.4% from 2.6% in the previous year. The Bank also
by the Board of Commissioners where the results are proactively sets provisions to strengthen its balance
taken into account to improve its effectiveness. The sheet. This has enabled the Bank to increase its NPL
assessment is further delivered at the AGMS in the coverage ratio to a record high of 265.9%.
form of accountability for the implementation of duties
and responsibilities. The Company has also succeeded in increasing its
capital level with the Capital Adequacy Ratio (CAR)
Assessment of Members Performance recorded at 27.5%, well above the minimum regulatory
All members of the Board of Directors have performance threshold. This gives the Company the ability to grow
targets outlined in the balanced scorecard depending while strengthening itself to face the potential impacts
on their respective duties and responsibilities including of uncertain economic condition.
compliance management, risk control and human
resources. The performance of members of the Board The Board of Commissioners gives its highest
of Directors is assessed every 6 (six) months by the appreciation to the Board of Directors for the strong
President Director. achievements in 2023 and their shown dedication.
Opinion of the Board of Commissioners on the ORIENTATION PROGRAM FOR NEW BOARD OF
Performance of the Board of Directors DIRECTORS
The successful execution of Danamon’s strategy has The Company has an orientation program for the new
succeeded in pushing healthy financial growth. In 2023, members of its Board of Directors through On-Boarding
the Bank delivered positively in terms of profitability Pack and short meeting sessions with relevant units
with a net income after tax of Rp3.5 trillion. The Bank that give the new members more insights into the
and its subsidiaries disbursed a total credit of Rp172.9 organization, duties and responsibilities, and existing
trillion with all business lines experiencing double digit processes.
growth compared to the previous year with the support
of collaboration with MUFG. BOARD OF DIRECTORS TRAINING PROGRAM
The Company gives the members of its Board of
From the aspect of asset quality, Danamon continues Directors the opportunity to participate in various
to ensure sound risk management that adheres to the training, certification, workshops and conferences to
principle of prudence and uses risk appetite statement continually develop their competence, professionalism
as guidance. As a result, Danamon improved the quality and insights. During 2023, members of the Board of
of its earning assets despite challenging economic Directors attended the following trainings, certifications,
workshops and conferences:
Training/Conference/
Name Organizer Location Date
Seminar/Workshop
Daisuke Ejima Danamon Sustainability Bank Danamon Online April 22, 2023
Anti Fraud Awar eness and Anti Bank Danamon Online April 22, 2023
Fraud Integrity Pact 2022
Code of Conduct Bank Danamon Online May 4, 2023
Seminar on Executive Proficiency APPI Offline, Jakarta May 26, 2023
Program & Basic Finance Certification
Prudential Banking Regulation GPS Consulting Offline, Jakarta July 4-5, 2023
Training
Risk Management Certification Level Efektif Pro Offline, Jakarta September 27, 2023
4 dan 5 (refreshment)
Danamon Compliance 2023 Bank Danamon Online December 4, 2023
Honggo Widjojo Kangmasto APU PPT & Sanctions Bank Danamon Online January 8, 2023
APU PPT (Customer Due Diligence) Bank Danamon Online January 8, 2023
Manager Forum Bank Danamon Offline, Jakarta February 9-11, 2023
Cyber Risk Awareness KPMG Offline, Jakarta February 23, 2023
Code of Conduct Bank Danamon Online May 4, 2023
402 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 405
HIGHLIGHTS
FINANCIAL
Training/Conference/
Name Organizer Location Date
Seminar/Workshop
Group Townhall Meeting with Junichi Bank Danamon Offline, Jakarta September 4, 2023
Hanzawa
SIBOS 2023 Conference SIBOS Offline, Canada September 18-21, 2023
MANAGEMENT REPORT
APAC MUFG Overseas Management MUFG Online November 7, 2023
Compliance Workshop
Danamon Compliance 2023 Bank Danamon Online December 6, 2023
Hafid Hadeli 7 MGPC
th
MUFG Online January 10, 2023
Online Leadership Summit 3 Years Bank Danamon Online 17 January 2023
Plan Strategy January 17, 2023
Eurasia Group (Top Risks 2023) Eurasia Group Online February 2, 2023
Danamon Manager Forum 2023 LOB Bank Danamon Offline, Jakarta February 9-11, 2023
Meeting Series
Code of Conduct Bank Danamon Online February 20, 2023
COMPANY PROFILE
Cyber Risk Awareness Bank Danamon Offline, Jakarta February 23, 2023
CX Customer Promise Workshop Bank Danamon Offline, Jakarta March 3, 2023
Annual MUFG Senior Leadership MUFG Offline, Tokyo April 6-7, 2023
Columbia CX Columbia Business Online July 27, 2023
School Executive
Education
Danamon Compliance 2023 Bank Danamon Online August 8, 2023
Danamon Mid-Term Business Plan Bank Danamon Offline, Jakarta August 11, 2023
(2024-2026) Kickoff Meeting
DISCUSSION & ANALYSIS
Seminar Executive Proficiency APPI Offline, Jakarta August 29, 2023
Program & Basis Finance Certification
Commissioner Basic Certification LSP Pembiayaan Offline, Jakarta August 30, 2023
MANAGEMENT
Exam Indonesia
Townhall Meeting with Kamezawa- MUFG Online September 4, 2023
san
Work safety in emergency conditions Bank Danamon Online September 7, 2023
APU, PPT & PPPSPM Bank Danamon Online September 8, 2023
DANAMON LEADERSHIP ACADEMY 3 Bank Danamon Offline, Jakarta September 8, 2023
Danamon X Adira Co-Creation Bank Danamon Offline, Jakarta September 19, 2023
OPERATIONAL REVIEW
Bancassurance Sales Leader Bank Danamon Offline, Kuala September 21-24, 2023
Conference 2023 Lumpur
CFO Townhall Adira Finance Offline, Jakarta November 2, 2023
DLA3 Batch 2 Bank Danamon Offline, Jakarta November 3, 2023
(APAC) MUFG Overseas Management MUFG Online November 7, 2023
Compliance Workshop
MUFG Fintech Festival MUFG Offline, Singapore November 14, 2023
Singapore FinTech Festival 2023 Singapore FinTech Offline, Singapore November 15, 2023
Festtival
Virtual APAC Townhall with Hironori Bank Danamon Online December 6, 2023
Kamezawa
GOVERNANCE
CORPORATE
8th MGPC MUFG Offline, Tokyo December 15, 2023
Herry Hykmanto SME Underwriting Workshop Bank Danamon Offline, February 3-4, 2023
Yogyakarta
ICC Banking Commission Meeting ICC Indonesia Offline, Jakarta March 14, 2023
SEPAKAD (Danamon Information Bank Danamon Online May 4, 2023
Security Learning Series) - Series 1
Keynote Speaker for Trade Finance PT. Pertamina Patra Offline, Jakarta May 23, 2023
Training Niaga
Danamon Group Leadership Summit Bank Danamon Offline, Bogor July 8, 2023
1H 2023
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 403
Page 406
CORPORATE
GOVERNANCE
Training/Conference/
Name Organizer Location Date
Seminar/Workshop
Keynote Speaker for PERTAMINA PT. Pertamina Patra Offline, Bogor September 26, 2023
Event - IMBT Leasing Financing Niaga
Solution for Project Investment
Risk Management Certification - Bank Danamon Offline, Jakarta September 27, 2023
Refreshment SMR Level 5
CREM Workshop 2023 Bank Danamon Offline, Batam November 10, 2023
Syariah & SF Workshop 2023 Bank Danamon Offline, Malang November 17, 2023
Brownbag Session - Ikatan Bankir Ikatan Bankir Offline, Jakarta December 2, 2023
Indonesia (IBI) Indonesia (IBI)
APU PPT & PPPSPM 2023 Bank Danamon Online December 13, 2023
Compliance 2023 Bank Danamon Online December 13, 2023
Business E-mail Compromise (BEC) Bank Danamon Online December 13, 2023
Work Safety in Emergency Conditions Bank Danamon Online December 13, 2023
Rita Mirasari Manager Forum 2023 Bank Danamon Offline, Jakarta February 10 – 11, 2023
Uncovering Cybercrime Through the Perbanas Online February 15, 2023
Power of Collaborations
National Seminar on MSME Financing Bank Indonesia Online February 17, 2023
through Multichannel Financing
Omnibus Law on Financial Sector: Dentons HPRP Law Online February 20, 2023
Challenges & Anticipations
2023 Code of Conduct Bank Danamon Online February 24, 2023
Follow-up of Mutual Evaluation OJK Online March 20, 2023
Review (MER) related to Financial
Services Sector
Intellectual Property as Financing/ OJK & FESMI Online March 29, 2023
Credit Collateral
MUFG Insight Sharing - Compliance MUFG Offline, Jakarta March 30, 2023
Indonesia Green Taxonomy PERBANAS & OJK June 5, 2023
Townhall Meeting Hanzawa BDI & MUFG Offline, Jakarta September 4, 2023
Refreshment Risk Management efektifPro Knowledge Offline, Jakarta September 27, 2023
Certification for BOD & BOM Source
Partner Bank Compliance MUFG Online October 26, 2023
Conference
Dissemination of Financial Integrity PPATK Online November 2, 2023
Rating on Money Laundering and
Terrorist Financing (FIR on ML/
POJK 17 of 2023 on the Bank Danamon Online November 15, 2023
Implementation of Commercial Bank
Governance
Danamon Compliance 2023 Bank Danamon Online December 15, 2023
Business E-mail Compromise (BEC) Bank Danamon Online December 15, 2023
AML, ATF & Proliferation of weapons Bank Danamon Online December 15, 2023
of mass destruction (WMDs)
E-Learning Customer Centric Bank Danamon Online December 15, 2023
Work Safety in Emergency Conditions Bank Danamon Online December 15, 2023
SEPAKAD (Danamon’s Information Bank Danamon Online December 15, 2023
Security Learning Series) - Series 1
404 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 407
HIGHLIGHTS
FINANCIAL
Training/Conference/
Name Organizer Location Date
Seminar/Workshop
Dadi Budiana Cyber Security Awareness - Red KPMG Offline, Jakarta January 9, 2023
Teaming Exercise
Manager Forum Bank Danamon Offline, Jakarta February 13, 2023
MANAGEMENT REPORT
2023 Code of Conduct Bank Danamon Online February 23, 2023
Danamon Compliance 2023 Bank Danamon Online July 21, 2023
Townhall Meeting Hanzawa Bank Danamon Offline, Jakarta December 4, 2023
Risk Management Certification Bank Danamon Offline, Jakarta September 27, 2023
Refreshment Program (Level 4 & 5)
MUFG Overseas Management MUFG Online November 7, 2023
Compliance Workshop (APAC &
EMEA)
2023 MUFG ASIA CRO Conference MUFG Offline, Singapore November 9-10, 2023
Muljono Tjandra Cyber Risk Awareness Bank Danamon Offline, Jakarta February 23, 2023
COMPANY PROFILE
Business E-mail Compromise (BEC) Bank Danamon Online February 27, 2023
2023 Code of Conduct Bank Danamon Online March 2, 2023
ASEAN Global Leadership Program SRW & Co. Offline, University September 18-22, 2023
(AGLP) Chicago Booth 2023 of Chicago, USA
“Leading Innovation in Global
Economic Recovery”
Chief Financial Officer (CFO) Forum PERBANAS Offline, Jakarta September 27, 2023
themed "Navigating Banking
Challenges”
CFO Townhall Adira Finance Offline, Jakarta November 2, 2023
DISCUSSION & ANALYSIS
C-Suite Roundtable Discussion - Deloitte Indonesia Offline, Jakarta November 21, 2023
Impact of Gen AI on the Banking
Value Chain
MANAGEMENT
Work Safety in Emergency Conditions BDI Online November 30, 2023
Danamon Compliance 2023 BDI Online November 30, 2023
APU, PPT & PPPSPM BDI Online November 30, 2023
Naoki Mizoguchi 2023 Code of Conduct Bank Danamon Online February 13, 2023
Manager Forum 2023 Bank Danamon Offline, Jakarta February 10-11, 2023
Cyber Security Awareness Bank Danamon Online February 23, 2023
Townhall Meeting with Mr. Hanzawa Bank Danamon Offline, Jakarta September 4, 2023
OPERATIONAL REVIEW
Refreshment Risk Management Bank Danamon Offline, Jakarta September 27, 2023
Certification for BOD & BOM
Workshop GCO Bank Danamon Offline, Labuan October 6, 2023
Bajo
Danamon Compliance Bank Danamon Offline, Jakarta October 19, 2023
Thomas Sudarma Manager Forum Bank Danamon Offline, Jakarta February 10-11 2023
Cyber Risk Awareness KPMG Offline, Jakarta February 23, 2023
MUFG - The 9 Global Leaders Forum
th
International Institute Online, Jakarta February -March 2023
for Management
Development (IMD. Offline, Tokyo April 11-14, 2023
org)
GOVERNANCE
CORPORATE
2023 Code of Conduct Danamon Online, Jakarta May 5, 2023
Workshop EBFI Danamon - EBFI Offline, Bandung May 27, 2023
Townhall meeting with Hanzawa Bank Danamon Online, Jakarta September 4, 2023
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 405
Page 408
CORPORATE
GOVERNANCE
COMMITTEES UNDER
THE BOARD OF DIRECTORS
In order to assist the Board of Directors in effectively 4. Information Technology Steering Committee
implementing its duties and responsibilities, the 5. Integrated Risk Management Committee
Board of Directors has supporting committees tasked 6. Sustainability Committee
with providing suggestions and recommendations 7. Real Estate Committee
as a reference in making decisions regarding the
implementation of the Board of Directors’ duties and Committee Work Guidelines and Rules
responsibilities. Each committee under the Board of Directors has a
charter that binds and offers guidance to its members.
The committees under the Board of Directors are as The Committees’ charters govern, among other matters,
follows: membership, duties and responsibilities, meeting
1. Risk Management Committee convention and reporting. The committees’ charters
2. Assets & Liabilities Committee are always updated in accordance with Danamon’s
3. Human Resources Committee developments and regulatory changes.
RISK MANAGEMENT COMMITTEE
Structure and Membership
Committee Chairman President Director
Permanent Member Board of Directors
Permanent Invitation Board of Management and Executive Officers
Alternative Chairman refers to the circular decision of the Board of Directors’ resolution regarding the duties and
responsibilities of members of the Board of Directors.
The Risk Management Committee oversees 2 (two) Sub- b. Preparation of Risk Management strategies, policies
Committees, namely the Credit Policy Sub-Committee and frameworks, including setting Risk Appetite
and the Information Disclosure Sub-Committee. parameters and thresholds, Key Risk Indicators and
Further explanation regarding the Sub-Committee can Risk Tolerance limits to help set the limits within
be seen in the Risk Management section. which Bank management can operate to achieve
their business goals.
Status of Voting Rights and Decision Making
Committee Meeting decisions shall be made based on c. Preparation of contingency plans to anticipate
deliberation to reach consensus. In the event that a various risks that may arise from time to time and
consensus is not reached, then the decisions shall be enable the Bank to continue operating even under
made through voting where only permanent members stress conditions.
have voting rights. In the event that the agreeing and d. Ensuring good Corporate Governance in the
dissenting votes are equal, the Committee Chairman implementation of Risk Management, with an
or Alternative Chairman (if the Committee Chair is not appropriate framework for timely identification,
present) has the authority to make the final decision. measurement and escalation of risks, and approval
of exposures to Related Parties as well as policy
Committee Duties and Responsibilities deviations and/or business decisions.
The Risk Management Committee is responsible for e. Ensuring all business and operational activities
making evaluations and providing recommendations comply with applicable regulations, risk policies
to the President Director and Board of Directors on and procedures, with approval and oversight over
matters relating to: potential exceptions, deviations and violations.
a. Assisting the Board of Directors in discharging its f. Ensuring that the Bank has sufficient reserves
responsibilities related to risk management. to protect against the realization of potential
406 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 409
HIGHLIGHTS
FINANCIAL
inherent risks, as well as ensuring that the Bank has that may have an impact on capital adequacy ratio
adequate disaster recovery procedures for business and risk profile.
continuity. i. Assessing the risk organization and infrastructure
g. Review of various existing and emerging risks faced in the Bank to ensure that the processes, systems
by the Bank, including: and risk management tools are consistent with
MANAGEMENT REPORT
- Credit Risk; organizational developments and business plans.
- Market and Liquidity Risk; j. Monitoring and evaluating sub-committees under
- Operational Risk and Fraud; the Risk Management Committee.
- Reputation Risk; k. Oversight over the implementation of risk
- Information Security and Information Technology management related to country risk and transfer
Risks; risk carried out by the Bank, including the
- Legal and Litigation Risk; implementation of evaluation and testing (stress
- Compliance risk, including financial crime risk; testing).
- Strategic Risk;
- Country Risk & Transfer Risk; And Risk Management Committee Meeting
COMPANY PROFILE
- Other major risk issues periodically. During 2023, the Committee held 10 (ten) meetings
h. Implementation of risk management processes and attended by the following members of the Board of
improvements due to external and internal changes Directors:
Number of Directors’ Attendance at Risk
Name Position
Management Committee Meetings
Daisuke Ejima Committee Chairman* 7
Yasushi Itagaki Committee Chairman** 3
DISCUSSION & ANALYSIS
Honggo Widjojo Kangmasto Permanent Member 8
Hafid Hadeli Permanent Member 9
MANAGEMENT
Thomas Sudarma Permanent Member 10
Dadi Budiana Permanent Member 9
Rita Mirasari Permanent Member 9
Herry Hykmanto Permanent Member 9
Heriyanto Agung Putra Permanent Member 2
Naoki Mizoguchi Permanent Member 10
Muljono Tjandra Permanent Member 8
OPERATIONAL REVIEW
Information:
*) Effective as President Director and Committee Chair April 1, 2023.
**) Completed term of office on March 31, 2023.
RISK MANAGEMENT COMMITTEE MEETING IN 2023
Month Committee Meeting Date Agenda
January January, 19 2023 Updates on matters arising from previous RMC meetings, Risk Management, and
Compliance.
February February 22, 2023 Updates on matters arising from the previous RMC meeting, Risk Management,
Consumer and Compliance.
March March 21, 2023 Updates on matters arising from previous RMC meetings, Risk Management, ADMF, and
Compliance.
GOVERNANCE
May May 22, 2023 Updates on Risk Management and Compliance
CORPORATE
June June 23, 2023 Updates on Risk Management, MUFG Information Sharing Framework, Consumer, SME
and Compliance.
July July 17, 2023 Updates on Risk Management, Information Disclosure and Compliance.
August August 25, 2023 Updates on matters arising from previous RMC meetings, Risk Management, and
Compliance.
September September 15, 2023 Updates on matters arising from previous RMC meetings, Risk Management, ADMF and
Compliance.
October October 18, 2023 Updates on matters arising from previous RMC meetings, Risk Management, and
Compliance.
CORPORATE DATA
November November 20, 2023 Updates on matters arising from the previous RMC meeting, Risk Management,
Enterprise Banking and Compliance.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 407
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CORPORATE
GOVERNANCE
COMMITTEE ASSETS & LIABILITIES (ALCO)
Structure and Membership
Chairman President Director
Alternative Chair Chief Financial Officer (CFO)
Member Vice President Director and Director and/or appointed members from the following
Divisions/Business Units:
• Sales & Distribution, SME and Consumer Banking
• Risk Management
• Treasury & Capital Market
• Enterprise Banking & Financial Institution
• Transaction Banking
Voting Rights and Decision Making e. Review and determine the balance sheet structure
The ALCO Committee consists of members who have to increase bank profitability.
equal voting rights. If one of the Committee’s members f. Review the funding composition and approve
is unable to attend the meeting, then they can delegate any changes in funding strategy and alternatives
their voting rights to an appointed representative. including new institutional/structural funding.
The delegation of voting rights must first obtain the g. Make a monthly review on:
approval of the Committee Chairman. - Economic conditions and Market prospects
The Committee’s decisions are taken based on - Recent changes in key components of the
deliberation to reach consensus. In the event that balance sheet, Yield/COF and NIM
consensus is not reached, then decisions shall be made - Funds Transfer Pricing (FTP)
through voting. - Funding and loan interest rates
- Market and liquidity risk profiles on the balance
Duties and Responsibilities sheet, banking book portfolio and trading book
The Assets & Liabilities Committee has the following - Results of monitoring on Emergency Funding
duties and responsibilities: Policy (CFP)
a. Determine the scope of work of the Committee, - Capital management and other matters related
meeting procedures, work processes and set up one to ALCO
or more sub-committees to assist it. h. Periodically, review and approve the following:
b. Determine policies and guidelines for liquidity risk, - Limit framework for market and liquidity risks on
interest rate risk, exchange rate risk and capital the balance sheet, AFS portfolio and derivatives
management of Bank Danamon and its subsidiaries for funding.
that reflect adequate liquidity and capital, stable - Assumptions for stress testing liquidity and
and diversified funding, and compliance with all interest rate risks
applicable regulations. - Core balance calculation for liquidity risk, interest
c. Decide on the issuance of securities or other debt rate risk and FTP calculation
instruments in order to provide adequate liquidity - FTP policy and methodology
and capital for the Bank, as well as a diversified - Emergency Funding Policy
funding structure. - Target for the Ratio of Macroprudential
d. Make evaluations on market conditions and their Intermediation Ratio (RIM)
possible impacts on the Bank’s liquidity, NII, and
capital conditions, and come to terms on the most
appropriate actions.
408 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Assets & Liabilities Committee Meeting
During 2023, the Committee held 11 (eleven) meetings attended by the following members:
Number of Member Attendance at ALCO
Name Position
Committee Meetings
Yasushi Itagaki1) Chairman 2
MANAGEMENT REPORT
Daisuke Ejima2) Chairman 8
Muljono Tjandra Alternative Chair 9
Honggo Widjojo Kangmasto Member 11
Dadi Budiana Member 10
Hafid Hadeli Member 10
Thomas Sudarma Member 11
Andrew Suhandinata Member 11
COMPANY PROFILE
Herman Savio Member 11
1)
Yasushi Itagaki : Completed term of office on March 31, 2023
2)
Daisuke Ejima : Effective as President Director and Committee Chair on April 1, 2023
Work Execution of the Assets & Liabilities Committee in 2023
The Assets & Liabilities Committee held meetings to discuss the following agenda:
• Economic & Market Outlook
• Management of the Bank’s Balance Sheet and business direction
• Management of Fund Transfer Pricing (FTP) Rate
• Review of interest rates on loans and third party funds
DISCUSSION & ANALYSIS
• Assessment of market and liquidity risks
• Management of Macroprudential Intermediation Ratio (RIM), Liquidity Coverage Ratio (LCR) and Net Stable
MANAGEMENT
Funding Ratio (NSFR)
• Capital assessment
• Professional Funding Management
• Management of Available for Sale (AFS) portfolios/Fair Value-Other Comprehensive Income (FVOCI) portfolios
• Regulatory changes or new regulations related to liquidity and balance sheets
• Proposals for and management of the Bank’s balance sheet limit structure
• Contingency Funding Plan (CFP)
OPERATIONAL REVIEW
In general, the ALCO discussed the following matters in each of its meeting agenda:
ALCO
Month Agenda
Meeting *
January February 1, 2023 • Economic & Market Outlook
• FTP study
• Review of the proposed ADMF special FTP subsidy • Review of Funding
Program proposals
• Review of 2023 Risk limit
• Updates on Balance sheet, Market Risk Management and Liquidity.
• Updates on Market Risk RWA (FRTB)
GOVERNANCE
• Updates on Reserve Requirement Incentive
CORPORATE
February February 28, 2023 • Economic & Market Outlook
• Review of Treasury BSM Limit 2023
• Review of HTM sales process
• Study Funding Program
• Analysis of Balance Sheet Structure Study and Yield/COF Updates on
Balance Sheet Market Risk Management and Liquidity.
March March 30, 2023 • Economic & Market Outlook
• USD FTP adjustment
• Reserve Requirement Charge
• CFP Liquidity Stage
CORPORATE DATA
• JIBOR Discontinuation
• Updates on Balance sheet, Market Risk Management and Liquidity.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 409
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CORPORATE
GOVERNANCE
ALCO
Month Agenda
Meeting *
April May 3, 2023 • Economic & Market Outlook
• FTP study
• Updates on Balance Sheet, Market Risk Management and Liquidity.
May May 29, 2023 • Economic & Market Outlook
• SBDK study
• Consumer Finance Reform Program
• Updates on Balance Sheet, Market Risk Management and Liquidity.
June July 5, 2023 • Economic & Market Outlook
• Adjustment to RR Fees
• Subordinated Loan with MUFG
• Updates on Consumer Performance Program
• Issuance of Adira Finance Bonds
• Updates on MRCC in FRTB
• Updates on Balance Sheet, Market Risk Management and Liquidity.
July July 28, 2023 • Economic & Market Outlook
• Review of Subsidiary Mortgage Proposals
• AFS Portfolio Strategy
• Updates on ADMF FTP Subsidy
• MRCC on Reducing BA CVA
• Updates on Balance Sheet, Market Risk Management and Liquidity.
Agustus September 6, 2023 • Economic & Market Outlook
• FTP Study
• Review of Proposed Liquidity Fees
• Updates on GWM Incentives
• Updates on Consumer Funding Program
• Updates on Balance Sheet Update, Market Risk Management and
Liquidity.
September September 29, 2023 • Economic & Market Outlook
• Review of CFP Monitoring Indicators
• Review of TD Stickiness and LP Incentives
• Updates on the issuance of Adira Finance Bond
• Updates on Balance Sheet, Market Risk Management and Liquidity.
• CFP Monitoring Indicator
October October 31, 2023 • Economic & Market Outlook
• Review of FTP
• Adjustment to RR Fees
• Review of proposed Mortgage Subsidy
• Updates on MLR Policy
• LCR Peer Comparison
• Updates on Balance Sheet, Market Risk Management and Liquidity.
November November 30, 2023 • Economic & Market Outlook
• Updates on Balance Sheet, Market Risk Management and Liquidity.
December December 22, 2023 • Economic & Market Outlook
(circulate e-mail) • Updates on Balance Sheet, Market Risk Management and Liquidity.
* Date of ALCO Meeting in 2023
410 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
HUMAN RESOURCES COMMITTEE
Structure and Membership
Chairman Alternative Chair, Secretary Member
President Director Chief Human Capital* • Vice President Director of Enterprise Banking
MANAGEMENT REPORT
• Vice President Director of Consumer, SME & Branch
Network
• Director of Risk Management
* Appointed as a new member of the Human Resources Committee (HR Committee) effective April 2023
The Human Resources Committee has 3 (three) • Performance Appraisal Management, including
members who are also members of Board of Directors promotions
as shown in the table above. The Human Resources • Talent Management and Succession Planning
Committee is responsible and regularly reports its • Organizational structure and rank levels
activities to the Board of Directors. • Employee Training and Development
COMPANY PROFILE
• Corporate culture and values and employee
Status of Voting Rights and Decision Making engagement
Each member of the Committee has the same voting • Development of employee- industry relations
rights. Every decision taken through the HR Committee • Alignment of policies with subsidiaries
Meeting must be decided unanimously. In the event companies
that a Decision cannot be reached, then the decision • Employment Planning
shall be made through voting. The Chairman of the • Organizational Health and Safety
Human Resources Committee has the right to make the • Employee issues related to the Code of Conduct
final decision. and discipline through reports from the
DISCUSSION & ANALYSIS
Disciplinary Committee or other Committees
Duties and Responsibilities of the Human Resources 2. From time to time, carry out other duties and
MANAGEMENT
Committee responsibilities that may be assigned to the
1. Provide strategic direction and create general Committee by the Board of Directors.
policies on Human Resources along with the 3. The HR Committee can set up a sub-committee to
changes therein, including (but not limited) to the carry out the scope of its duties and responsibilities,
following areas: including but not limited to the Discipline Committee.
• Human Resources Strategy 4. Negligence in all disciplinary actions, including but
• General Employment Policy not limited to violations of rules and regulations,
OPERATIONAL REVIEW
• Employment compensation and benefits wrongdoings, negligence, fraud, and other
misdemeanors.
Human Resources Committee Meeting
During 2023, the Committee held 7 (seven) meetings and was attended by members of the Board of Directors as
given below:
Total Attendance at Human Resources
Name Position
Committee Meetings
Daisuke Ejima* Chairman 4
Evi Damayanti **
Alternative Chair, Secretary 4
GOVERNANCE
CORPORATE
Honggo Widjojo Kangmasto Member 6
Hafid Hadeli Member 6
Dadi Budiana Member 7
* Daisuke Ejima was appointed as Chairman effective April 2023 replacing Yasushi Itagaki
** Evi Damayanti was appointed as Alternative Chair, Secretary effective April 2023 replacing Heriyanto Agung Putra
The results of the Committee Meeting must be stated in properly documented minutes of the Meeting. A meeting
is declared to have a quorum if it is attended by at least 2/3 of the members of the Human Resources Committee.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 411
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CORPORATE
GOVERNANCE
Implementation of Human Resources Committee Work in 2023
The Human Resources Committee has held meetings with the following meeting agenda:
No Meeting Date Meeting Agenda
1 January 19, 2023 1. Code of Conduct & Disciplinary Action
2. End Year PA 2022 & Promotion 2023
2 February 14, 2023 1. Promotion Rate
2. Update on Danamon Innovation Race (DIR) 2022
3 March 7, 2023 1. Promotion Senior Level
2. Update on Recruitment Policy: Family Relation
4 June 5, 2023 1. Manpower Law changes in relation to Omnibus Law
2. Danamon Innovation Race 2023
3. Employee Engagement Survey 4th Roll Out
4. Voice of Internal Customer (VoIC) 3rd Roll out
5. BISA Values Survey
5 July 21, 2023 1. Danamon Leadership Academy
2. Union Proposals and other matters related to employee benefit
6 September 25, 2023 1. Employee Engagement Survey (EES) 2023
2. BISA Values
3. Proposal of Phone Facility
4. Disciplinary Committee
7 December 18, 2023 1. Promotion Plan 2024
2. Performance Distribution Curve
3. Voice of Internal Customer (VoiC) Result
4. Human Capital Policy
5. Carry Forward Leave
6. Maternity / Paternity Leave
7. Executive Car Facility
INFORMATION TECHNOLOGY (IT) STEERING COMMITTEE
STRUCTURE AND MEMBERSHIP *
Chairman Finance Director
Members • Chief Information Technology & Operations Officer
• Vice President Directors **
• Risk Management Director
• Global Alliance Strategy Director
• Chief Digital Officer
Other invitations depend on the relevance of each area.
Members • BDI Director and Subsidiary
• BDI Business Head and Subsidiary
• BDI Head Support Function and Subsidiary
• President Director
Secretary BPR, PPM, Control & Compliance Head ***
Note:
*) Committee structure and membership valid as of November 2023
**) 2 people according to the bank’s organizational structure
***) Add ITSC Secretary to ITSC structure
ITSC Charter Update as of November 2023
To accommodate POJK regulations and organizational changes as following:
1. POJK 11/2022 (“IT policies, standards and procedures & Monitoring of IT performance and efforts to improve
IT performance”) requires banks to have policies, standards, and procedures for IT, as well as monitoring of IT
performance as part of ITSC activity.
2. POJK 17/2023 (“Evaluasi kinerja kerja ITSC & Periode Review”) requires banks to have a performance evaluation
process and a review period for ITSC.
3. The assignment of ITSC Secretary in the ITSC Charter.
4. The ITSC Member changes from Mahesh Ajit Ranade as Chief Information Officer to Yenny Siswanto as Chief
Information Technology & Operations Officer.
412 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Status of Voting Rights and Decision Making d. Ensure the right and proper allocation of IT
Each Committee member has equal voting rights. resources. In cases that require it to engage
Decision making in the Committee meetings is a third party’s assistance in IT-related project
conducted with the aim of reaching consensus. In the implementation for further application within the
event that deliberation does not reach consensus, Bank, the ITSC must first ensure that policies and
MANAGEMENT REPORT
decision making shall be made through on voting by the procedures that consistent with the Bank’s internal
affirmative vote of more than 2/3* of members. policy are in place, and must involve Procurement in
relation to third party engagement and IT from the
*) Status of voting rights and decision making valid as of November
early stages .
2023
e. Review recommendations from other sub/ working
committees for matters related to Information
Duties and Responsibilities * Technology.
The Committee has duties and responsibilities, among f. Provide recommendations for solving IT related
others: issues that can’t be resolved by the working unit of
a. Periodically review, formulate, and recommend IT users and providers in an effective, efficient, and
COMPANY PROFILE
Bank’s IT strategic plan, IT policies, standards, and timely manner.
procedures, and ensure alignment of IT projects g. Perform other duties and responsibilities as may be
with the strategic plan by monitoring and improving assigned to the Committee, from time to time, by
IT performance. ** the BoD.
b. Review and recommend IT projects that are aligned h. Prepare committee’s activities report every year
with Bank’s strategy and proposed as part of IT as an evaluation report on the committee’s work
project prioritization with Capex investment equal performance. ***
to or greater than USD500 thousand, or total cost i. ITSC Secretary is responsible for coordinating the
ownership (TCO) equal to or greater than USD2 ITSC review, as well as managing documentations,
DISCUSSION & ANALYSIS
million over 5 years, or its equivalent IDR. meeting materials and meeting schedule of the
c. Review the execution of strategic projects & benefit committee. ****
MANAGEMENT
realization and its post-implementation cost and *) Duties and Responsibilities updated as of November 2023
benefit. All projects approved through ITSC meeting **) Updated ITSC member responsibilities to accommodate POJK
regulations to be in line with POJK 11/2022
with investment amount equal to or greater than ***) Updated ITSC member responsibilities to accommodate POJK
USD500 thousand or total cost ownership (TCO) regulations to comply with POJK 17/2023
****) Assignment and responsibilities of ITSC Secretary based on ITSC
equal to or greater than USD2 million over 5 years charter updated in November 2023
and currently underway will be tracked by Financial
Planning (FP) where the result will be presented by
OPERATIONAL REVIEW
respective user/LoB in ITSC meeting.
IT Steering Committee Meeting
During 2023, the Committee held 13 (thirteen) meetings. The meetings were attended by the following members of
the Board of Directors:
Total Attendance of Members of the Board of
Name Position Directors in Information Technology Steering
Committee Meetings
Muljono Tjandra Chairman 13
GOVERNANCE
CORPORATE
Honggo Widjojo Kangmasto Member 13
Hafid Hadeli Member 9
Dadi Budiana Member 10
Naoki Mizoguchi Member 12
Yenny Siswanto* Member 12
Andreas Kurniawan Member 11
Mahesh Ajit Ranade** Member 3
*) Yenny Siswanto joined ITSC as invitee on February 8 & 13, 2023, and joined ITSC as the Chief Information Technology & Operations Officer
replacing Mahesh Ajit Ranade and joined ITSC on March 7, 2023
CORPORATE DATA
**) Mahesh Ajit Ranade was a member of ITSC until February 13, 2023
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 413
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CORPORATE
GOVERNANCE
Implementation of Duties of Information Technology Steering Committee in 2023
The Information Technology Steering Committee held meetings with discussion materials as follow:
No Date Agenda
1 January 18, 2023 Cost Benefit Review Q4 2022 for projects:
- Payment Improvement (Cash Online)
- Streamline End-to-End Consumer Loan Process
2 February 8, 2023 Budget Approval for following projects:
- DRC NICE Recording
- Branch Router Replacement
- Refreshment AS400 Server
- New User ID Maintenance System
- Upgrade New Collection System
- OFSA Replacement
- Refreshment Firewall BSD
- Refreshment Web Application Firewall & DNS
- Upgrade Backup Platform Networker & Drives LTO Quantum Scalar I500
- Upgrade & Security Improvement of Active Directory due to EOS
3 February 13, 2023 Budget Approval for following projects:
- Squad 01 - E-Channel Services - One Bank Strategy & Seamless Journey
- Squad 02 – Payment
- Squad 03 - Payment Ecosystem
- Squad 04 - Wealth Management
- Squad 06 - CC Initiative 2023
- Squad 07 - CC Onboarding
- Squad 08 - CX Onboarding/Funding
- Squad 09 - ADIRA-BDI Customer Synergy
- Squad 10 - CRM Sales Transaction
- Squad 11 - CRM Service Enhancement Phase 2
4 March 7, 2023 Budget Approval for following projects:
- CC Conventional Migration to DLoan
- New Branch ATM Remodel - Teller Automated Unit
- MCA Global Debit Card
- QRIS
- Mortgage Seamless & Fast Process
- EOS Trade Finance System (BankTrade, Trade Connect)
5 April 14, 2023 Cost Benefit Review for following projects:
- DCC Completion – Wirecard Quotation
- Scoring Source Data Migration
- Refreshment Unix Consolidate (PRD & DRC)
- Hardware Refreshment – Virtualization Gen8
- Additional Enclosure Disk DD6900 for VTL
6 May 24, 2023 Budget Approval for DC BSD to Colocation project.
7 June 21, 2023 • Budget Approval for following projects:
- EOS Hardware Bigdata
- Marketing Orchestration (Data Analytic Platform)
• Cost Benefit Review for CICD & Dev Ops Implementation project
8 August 9, 2023 Budget Approval for the following projects:
- Ransomware Protection for Laptop & PC (EDR)
- ORMS to Governance, Risk, and Compliance (GRC) Phase 1
9 September 1, 2023 Budget Approval for the following projects:
- ORMS to Governance, Risk, and Compliance (GRC)
- Advance Wealth Management (OEMS)
10 October 2, 2023 Cost Benefit Review for following projects:
- IFRS Phase 3
- Hardware Refreshment HSM PS10K
11 October 4, 2023 Project Prioritization 2024-2026
12 November 23, 2023 • Budget Approval for the following projects:
- Endpoint Detection Response (EDR) & Virtual Patch (VP) for Server
- Multi Factor Authentication
- Advance Threat Protection
- Recovery Solution
• Approval and Acknowledgement for:
- ITSC Charter 2023 Update
- RPTI 2024 Submission Update
- Update PIR Project Q3-2023
13 December 6, 2023 - Cost Benefit Review for Core Banking Infrastructure Readiness for Serving 5 million Customers
Phase 1 project.
- Transfer budget approval - Squad 4 to Wealth Management Projects
414 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
INTEGRATED RISK MANAGEMENT COMMITTEE
Structure and Membership
Chairman Director of Main Entity Risk Management (Danamon)
MANAGEMENT REPORT
Permanent Member • Compliance Director of Main Entity (Danamon)
• Director in charge of Credit for SME in Main Entity
• Appointed Director of Subsidiaries and Related Companies
• Appointed Division Heads in the Integrated Risk Management Work Unit
Permanent Invitation Chief Internal Auditor of Main Entity (Danamon)
Alternative Chairman: Refers to the circular resolution of the Board of Directors on the duties and responsibilities of members
of the Board of Directors
Status of Voting Rights and Decision Making information provided by members of the Financial
Committee Meeting decisions shall be made based Conglomerate.
COMPANY PROFILE
on deliberation to reach consensus. In the event that d. The escalation of all risk-related matters that require
a consensus is not reached, then the decisions shall attention of the Board of Directors of the Main Entity
be made through voting where 1 (one) entity counts or entities in the Financial Conglomeration.
1 vote. In the event that the agreeing and dissenting e. The assessment of the key inherent risks across all
votes are equal, the Committee Chairman or Alternative entities in the Financial Conglomeration along with
Chairman (if the Committee Chairman is absent) has the formulation of strategies to overcome existing
the authority to make the final decision. and future risk issues.
f. Bi-semester review and approval of integrated risk
Duties and responsibilities of the Integrated Risk profile reports
DISCUSSION & ANALYSIS
Management Committee g. The formulation of integrated capital management
The main role of the Integrated Risk Management policies and strategies for the Financial Conglomerate
MANAGEMENT
Committee is to evaluate and give recommendations to including reviewing integrated capital reports.
the Board of Directors of the Main Entity for: h. Knowledge/lessons sharing amongst entities in
a. The preparation of Integrated Risk Management the Financial Conglomeration for more effective
policies, frameworks and guidelines; and periodic integrated risk management.
improvements based on evaluation results.
b. The evaluation on the effectiveness of integrated risk Member Attendance at Integrated Risk Management
management policies, frameworks and guidelines, Committee Meetings
OPERATIONAL REVIEW
c. The identification of issues that can affect financial, During 2023, the Integrated Risk Management
compliance/regulatory, legal and reputation risks Committees held 2 (two) meetings, one in February and
to the Financial Conglomerate based on data/ the other one in August.
The following is the attendance of committee members at meetings held in 2023:
Attendance of Permanent
Committee Members
Name Position in Integrated Risk
Management Committee
Meetings
GOVERNANCE
CORPORATE
Dadi Budiana Chairman 2/2
Rita Mirasari Permanent Member 2/2
Herry Hykmanto Permanent Member 1/2
I Dewa Made Susila Permanent Member 2/2
Mahendra Rendiantama Permanent Member 2/2
Enriko Sutarto Permanent Member 2/2
Suwandi Kusuma Permanent Member 2/2
Ari Priyatna Permanent Member 2/2
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 415
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CORPORATE
GOVERNANCE
MEETINGS AND MEETING AGENDA OF THE INTEGRATED RISK MANAGEMENT COMMITTEE
Meeting Date Meeting Agenda
February 14, 2023 - Integrated Risk Profile in H2 2022
- IRMC Charter
- MUFG Financial Conglomerate Integrated Risk Management Policy
- Integrated Capital Adequacy
- Updates on Adira Finance
- Adira Finance Compliance Regulatory Parameters
- Updates on MUFG Bank Jakarta
- MUFG Self-Identified Issue (SII) Management Framework
August 14, 2023 - Integrated Risk Profile in H1 2023
- Integrated Capital Adequacy
- Updates on Integrated Credit Risk
- Updates on Integrated Market & Liquidity
- Updates on Integrated Operational Risk
- Updates on IT & Cyber Risk
- ESG Related Matters
- Updates on Risk Management Model
- Updates on Adira Finance
- Updates on MUFG Bank Jakarta
Work Execution of the Integrated Risk Management The Management of Intra-Group Transaction Risk is
Committee in 2023 performed with due attention to transaction activities
The Integrated Risk Management Committee carried between entities within the Financial Conglomerate.
out the following key activities during 2022: Danamon as the Main Entity has governed and
a. Reviewed Integrated Risk Profile periodically reviewed intra-group transaction risk
b. Made updates on the MUFG Financial Conglomerate’s management in the Intra-Group Transaction Policy.
Integrated Risk Management Policy Intra-group transaction limits are set through
c. Made updates on Subsidiary Company coordination between Danamon as the Main Entity and
d. Made updates on Related Companies Subsidiaries and Related Companies as Members of the
e. Made updates on Financial Conglomeration Financial Conglomeration.
f. Made updates on the MUFG Self-Identified Issue
Management Framework Intra-Group Transaction Risk Management run through
g. Made updates on Integrated Capital Adequacy the process of identifying, measuring, monitoring and
h. Made updates on ADMF Compliance Regulatory controlling risks as well as a management information
Parameters system. Intra-Group Transaction Risks can arise, among
i. Made updates on ESG Related Matter others, from:
j. Made updates on the Risk Management Model - Cross ownership between entities in the Financial
Conglomeration.
- Centralization of short-term liquidity management.
INTRA-GROUP TRANSACTION POLICY - Guarantees, loans and commitments given or
obtained by an entity from other entities in the
Intra-Group Transaction Risk is the risk due to reliance Financial Conglomerate.
of an entity, either directly or indirectly, on other entities - Exposure to controlling shareholders, including loan
within a Financial Conglomerate in order to meet and off-balance sheet exposure such as guarantees
both written agreements and unwritten agreements, and commitments.
whether or not they are followed by the transfer of - Purchase or sale of assets to other entities within a
funds. Financial Conglomeration.
- Risk transfer through reinsurance.
- Transactions to transfer third party risk
exposure between entities within one Financial
Conglomeration.
416 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
SUSTAINABILITY COMMITTEE
The Sustainability Committee is a committee at the Board of Directors level set up to implement sustainable finance
at Danamon in accordance with regulatory provisions. The Sustainability Committee reports to the Board
of Directors.
MANAGEMENT REPORT
Committee Structure and Membership
Committee Chair President Director
(concurrently permanent
member)
Permanent member • Vice President Director
• Director of Sharia & Sustainability Finance
• Compliance Director
• Director of Global Alliance Strategy
• Director of Finance
• Director of Enterprise Banking & Financial Institutions
COMPANY PROFILE
Permanent Invitation • Director of Risk Management
• Chief Strategy Officer
• Head of SME Business
• Head of Consumer Business Head
• Chief Human Capital
• Chief Internal Auditor
• Executive Officer Business Collaboration
• EB Business Head (Japanese Corp and MNC)
• Sustainability Team
Secretary Credit & Enterprise Risk Management
DISCUSSION & ANALYSIS
The appointment of alternative chairman of the Committee refers to the circular resolution of the Board of Directors regarding
the duties and responsibilities of members of the Board of Directors. The Board of Directors reserves the right to change the
MANAGEMENT
composition of the Committee members at any time.
Status of Voting Rights and Decision Making d. Reviewing the Sustainability Policy and any changes
Committee Meeting decisions shall be made therein.
based on deliberation to reach consensus. In the e. Reviewing and approving credit-related sustainability
event that a consensus is not reached, then the frameworks and guidelines and monitoring their
decisions shall be made through voting where only implementation.
OPERATIONAL REVIEW
permanent members have voting rights. In the event f. Monitoring the implementation of Sustainable
that the agreeing and dissenting votes are equal, Finance training and awareness programs to create
the Committee Chairman or Alternative Chairman a culture where Management and Employees
(if the Committee Chair is not present) has the authority attend to sustainable finance aspects in carrying out
to make the final decision. business and operational activities.
Duties and Responsibilities Sustainability Committee Meeting
The Sustainability Committee assists the Board The Sustainability Committee holds regular meetings
of Directors in meeting its responsibilities for the every quarter and on ad-hoc base. Committee meetings
implementation of Sustainable Finance at the Bank, by: are chaired by the Chairman of the Committee. If
GOVERNANCE
CORPORATE
a. Reviewing and approving priority issues, action the Committee Chair is unable to attend/is absent,
programs and targets related to Sustainability. the Committee Chairman can be replaced by an
b. Reviewing the preparation of the Sustainable Alternative Chair. Each member as an individual or
Financial Action Plan (RAKB) and Sustainability group can request that an extraordinary meeting be
Report. held to discuss very important topics/issues with prior
c. Monitoring the development of the Bank’s notification to the Committee within a period of not
performance related to Sustainability, especially the less than 1 x 24 hours. Committee meetings can only
execution of RAKB to ensure it remains consistent be held if attended by at least 51% (fifty one percent)
with the action program while its achievement with of its permanent members (including the Committee
CORPORATE DATA
targets. Chairman or Alternative Chairman) either physically
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CORPORATE
GOVERNANCE
and/or virtually. If the meeting does not reach a quorum for attendance with immediate need to discuss meeting
agenda, , then the meeting shall be reconvened within 24 hours.
The Committee Chairman of or Alternative Chair should be notified on the meeting agenda. The agenda shall
be circulated by the Committee Secretary to all of the Committee’s members. The decisions of the Sustainability
Committee meeting shall be stated in a properly documented minutes of the meeting signed by all Permanent
Members with an attached attendance list. The Secretary shall file the signed minutes of the meeting. Every official
decision of the meeting binds all of the Committee’s permanent members. The committee can make legal and
binding decisions through an internal circular committee memo when it is not possible to hold a meeting but there
is an urgent need for decisions making.
During 2023, the Committee held 4 (four) meetings attended by the following Committee Members:
Number of Member
Committee Member Position Attendance at Committee
Meetings
Daisuke Ejima* Chairman 4
Honggo Widjojo Kangmasto Permanent Member 4
Hafid Hadeli Permanent Member 4
Herry Hykmanto Permanent Member 4
Rita Mirasari Permanent Member 4
Naoki Mizoguchi Permanent Member 4
Muljono Tjandra Permanent Member 4
Thomas Sudarma Permanent Member 4
* Appointed as President Director of Danamon at the Annual General Meeting of Shareholders on March 31, 2023.
2023 SUSTAINABILITY COMMITTEE’S MEETINGS
Month Meeting Date Meeting Agenda
May May 5, 2023 • Progress of RAKB
• Decarbonization Dashboard and Sustainable Finance Portfolio
• Update on Indonesia Green Taxonomy Implementation
August August 4, 2023 • Approval of Sustainability Committee Work Rules Update
• Progress of RAKB
• Decarbonization Dashboard and Sustainable Finance Portfolio
• MUFG Collaboration on Sustainable Finance Framework
• Update on Indonesia Green Taxonomy Implementation
• Update on Sustainability-related Standards
October October 13, 2023 • Progress of RAKB
• Decarbonization Dashboard and Sustainable Finance Portfolio
• Policy Update with MUFG’s ES Policy Framework
November November 13, 2023 • Approval of Sustainability Committee Work Procedure Manual Update
• RAKB 2023 Progress
• Approval of RAKB 2024-2028
REAL ESTATE COMMITTEE
Real Estate Committee (“KRE”) as Bank Danamon’s
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HIGHLIGHTS
FINANCIAL
senior management committee assigned to assist the Board of Directors in strategic planning and oversight of Real
Estate related activities.
Structure and Membership
MANAGEMENT REPORT
Chairman of Committee President Director
Permanent Member • Vice President Director
• Director of Sharia, CREM, SME Credit & SF
• Director of Finance
• Director of Legal, Litigation and Compliance
If the above Director position becomes vacant, the Committee may appoint a replacement as a member with voting
rights until the Director position is filled. The Board of improvements.
Directors has the right to change the composition of • Licensing and legal status issues related to Real
KRE members at any time. Other invitations depend on Estate.
COMPANY PROFILE
the relevance of each area/project. h. Review recommendations from other sub/working
committees for matters related to Real Estate.
Status of Voting Rights and Decision Making i. Carry out other duties and responsibilities that
Committee Meeting decisions are made with may be assigned by the Board of Directors to the
deliberation for consensus. In the event that Committee from time to time.
deliberation for consensus is not reached, then the j. Provide recommendations for resolving problems
decision shall be made through voting with affirmative related to Real Estate/Property that cannot be
votes of count for more than 1/2 (half) of the total valid resolved by the Real Estate user and operator work
votes at the Meeting. unit effectively, efficiently and on time.
DISCUSSION & ANALYSIS
k. Prepare annual committee activity reports.
Scope and responsibilities
MANAGEMENT
The KRE Committee has the following duties and Real Estate Committee Meeting
responsibilities: KRE holds 2 (two) periodic meetings in 1 (one) year and
a. Responsible for planning and supervising Bank can also hold other meetings whenever necessary.
Danamon Real Estate Development KRE meetings are chaired by the Chairman of the
b. Periodically review, recommend and decide on the Committee. If the Chair is unable to attend, then
Bank’s Real Estate strategic direction and plans, and he may appoint an alternative Chair from one of the
ensuring that Real Estate projects are in line with its permanent committee members who has voting rights.
OPERATIONAL REVIEW
strategic plans. A meeting is considered to meet a quorum if attended
c. Review, recommend and decide on Real Estate by the Chairman or an appointed alternative, which is
policies on purchasing and selling assets, the Director of Sharia, SEMM & CREM and attended by
development projects, asset optimization and 2/3 of the members.
leasing processes.
d. Review the development of all Real Estate projects The results of the KRE Meeting must be stated in a well-
that are consistent with the Bank’s strategy or that documented Minutes of Meeting. Dissenting opinions
have a Capex investment value of more than USD1 during the KRE meetings must be stated clearly in
Million or its equivalence in Rupiah. the minutes of the meeting along with the underlying
e. Review policies, recommend and decide on reasons. Minutes of the Meeting will be filed and
GOVERNANCE
CORPORATE
operational activities for office and branch buildings distributed by the CREM Head to each member and the
related to Occupational Health and Safety. Bank’s Corporate Secretary.
f. Periodically review policies and evaluate the
implementation of office and branch design During 2023, the Real Estate Committee held 2 (two)
standards. meetings attended by the following Committee
g. Periodically review Real Estate Risk Management members:
which includes:
• Ongoing important/strategic projects
• Work safety and security issues
CORPORATE DATA
• Real Estate audit findings and follow-up for
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 419
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CORPORATE
GOVERNANCE
Number of Attendance at
Committee Member Position Meetings
Real Estate Committee
Daisuke Ejima (DE) Chairman* 1
Yasushi Itagaki (YI) Chairman** 1
Hafid Hadeli (HHI) Permanent Member 2
Herry Hykmanto (HHY) Permanent Member 2
Muljono Tjandra (MT) Permanent Member 1
Naoki Mizoguchi (NM) Permanent Member*** 1
Rita Mirasari (RM) Permanent Member 2
Note:
* Effective as President Director and Chairman April 1, 2023.
** Completes term of office on March 31, 2023.
*** Due to the review and request concerned to reduce the number of committee members who attended on April 14, 2023
REAL ESTATE COMMITTEE MEETING IN 2023
Date of Meeting Meeting Agenda
March 17, 2023 1. Presentation on abandoned assets
- Approval of the sale of Lembang Pasar Baru
- Valuation of abandoned properties with an NJOP above 10 billion must have supporting documents from an
independent appraiser besides the internal appraisal team.
2. Squatters of BDI’s land on Jalan Kebagusan have been successfully removed.
3. A more active approach to regain certificates for 9 BLBI assets.
4. Inform the latest progress made in the Jakarta Operation Office Renovation
5. 2 (two) proposed options for Abdul Muis Renovation
6. List of Danamon Bank Assets
- 206 active assets and 27 non-active assets
- Ensure that all buildings are protected by insurance
- Determine a more detailed strategy for the Bank’s assets.
September 11, 2023 1. List of assets under the management of CREM (Active and Inactive Assets).
- 9 (nine) BLBI assets (certificates under the Ministry of Finance) and other assets currently in use but deemed
to have potential risks.
- Propose write-off of book value and handover of buildings for 5 assets with Right to Use status by following
the handover schedule made by the local City Government.
2. Proposal for a potential office merger with Adira (ADMF).
- 4 (four) Regional Offices and 1 Branch for office space
- 4 (four) abandoned assets for purchase option
3. Presentation on 26 abandoned assets Proposed approval for the Teluk Betung Ikan Hiu Bay asset offering, and
needs assessment from an independent assessment team. CREM and BN need cooperation on asset sales
4. Renovating and tidying up Regional Office
- Plans to tidy up and renovate 3 regional offices.
- Placement of information boards for EV Charging, and establishment of programs for Privilege customers.
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HIGHLIGHTS
FINANCIAL
AFFILIATED RELATIONSHIPS AND
AFFILIATED TRANSACTIONS FOR
THE BOARD OF DIRECTORS,
MANAGEMENT REPORT
BOARD OF COMMISSIONERS AND
MAJOR SHAREHOLDERS
The Company’s Policy on Transactions with Affiliated The Board of Commissioners’ affiliated relationships:
Parties governs that all transactions it makes with with fellow members, Board of Directors members,
affiliated parties shall be based on normal and and with Major and/or Controlling Shareholders
COMPANY PROFILE
reasonable commercial terms that do not cause harms None of members of the Company’s Board of
to the Company’s interests nor do they neglect the Commissioners has affiliation with their fellow members.
interest of its minority shareholders. There are, 2 (two) Non-Independent Commissioners
who have financial relationships with the controlling
The Company’s Board of Commissioners and Board of shareholders: Yasushi Itagaki and Nobuya Kawasaki.
Directors have always maintained their independency
and refrained from any conflict of interest that may Affiliate relationships between members of the of
keep them from discharging their duties professionally Director, the Board of Commissioners and/or Controlling
and objectively. Shareholders is given in a financial and family relations
DISCUSSION & ANALYSIS
table available in the Board of Commissioners’ and
The Board of Directors’ affiliated relationships: with Board of Directors’ sections of this Governance report.
MANAGEMENT
fellow members, Board of Commissioners members,
and Major and/or Controlling Shareholders The Company’s Policy on Transactions with Affiliated
None of members of the Company’s Board of Directors Parties require that members of Board of Commissioners
has affiliation with their fellow members, members of and Board of Directors disclose any affiliated
the Board of Commissioners and with major and/or transaction plan to the Corporate Secretary regardless
controlling shareholders. of whether the transactions involve themselves or their
families. The Compliance Director will review the plan
OPERATIONAL REVIEW
and report it to the Audit Committee. In cases where
conflict interest is inevitable, the involved members of
the Board of Directors or Board of Commissioners shall
refrain from participating in the process of reviewing
and approving the referred transaction.
GOVERNANCE
CORPORATE
CORPORATE DATA
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CORPORATE
GOVERNANCE
CORPORATE
SECRETARY
The Company’s Corporate Secretary is tasked to ensure timely and accurate disclosure of material Company
information to all stakeholders. Appointed and dismissed based on the decision of the Board of Directors,
the Company’s Corporate Secretary plays a significant role to build effective communication between
the Company and its shareholders and other groups of stakeholders.
CORPORATE SECRETARY ORGANIZATIONAL STRUCTURE
Corporate Secretary
Head of Corporate Secretary
Corporate Secretary Officers
Corporate Secretary
Rita Mirasari is a Company Director who has also served the Corporate Secretary since October 24, 2016 based on
decision No.KSR-DIR.Cor.Sec-003 dated October 17, 2016 concerning the Appointment of Corporate Secretary.
Indonesian citizens. Age 54 years. Domiciled in Indonesia.
Completed her education and earned her Bachelor Degree in Law
from the University of Indonesia. She launched her banking career
in 1991 as a Legal Officer at a local bank. Her extensive experience
RITA MIRASARI in legal and compliance include Corporate Secretary positions at
Corporate Secretary
prominent Indonesian banks. Prior to joining the Company she was
Director of Regulatory Compliance & Financial Crime Compliance
of HSBC, Indonesia. She is concurrently serving as the Compliance
Director of the Company in charge of Compliance, Financial Crime
Compliance, Corporate Secretary, Law and Litigation.
Duties and Responsibilities of the Corporate Secretary
1. Provide input to the Board of Directors and Board of Commissioners so they can comply with statutory provisions
in the capital markets sector.
2. Act as a liaison between the Company and shareholders, regulator and other stakeholders.
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HIGHLIGHTS
FINANCIAL
3. Assist the Board of Directors and Board of Commissioners in implementing corporate governance which includes:
• Transparency of information to the public including the availability of information on the website.
• Delivery of reports to regulator and other authorities.
• Organize and document the General Meeting of Shareholders.
• Organize and document meetings of the Board of Directors and/or Board of Commissioners.
MANAGEMENT REPORT
4. Participate in being responsible for organizing the Company’s Corporate Action.
5. Submit reports related to provisions in the Capital Market, both periodic and incidental reports, to regulators in
a timely manner.
Corporate Secretary Competency Development
During 2023, the Corporate Secretary attended the following trainings to improve her competency:
LIST OF CORPORATE SECRETARY TRAINING
Training Organizer Venue Date
COMPANY PROFILE
Manager Forum 2023 Bank Danamon Offline, Jakarta February 10 – 11, 2023
Uncovering Cybercrime Through the Power of Perbanas Online February 15, 2023
Collaborations
National Seminar on MSME Financing Bank Indonesia Online February 17, 2023
through Multichannel Financing
Omnibus Law on Financial Sector: Challenges Dentons HPRP Law Online February 20, 2023
& Anticipations
Code of Conduct 2023 Bank Danamon Online February 24, 2023
DISCUSSION & ANALYSIS
Follow-up of Mutual Evaluation Review (MER) OJK Online March 20, 2023
related to Financial Services Sector
Intellectual Property as Financing/Credit OJK & FESMI Online March 29, 2023
MANAGEMENT
Collateral
MUFG Insight Sharing - Compliance MUFG Online, Jakarta March 30, 2023
Indonesia Green Taxonomy PERBANAS & OJK June 5, 2023
Townhall Meeting Hanzawa BDI & MUFG Offline, Jakarta September 4, 2023
Refreshment Risk Management Certification efektifPro Knowledge Source Offline, Jakarta September 27, 2023
for BOD & BOM
Partner Bank Compliance Conference MUFG Online October 26, 2023
OPERATIONAL REVIEW
Dissemination of Financial Integrity Rating on PPATK Online November 2, 2023
Money Laundering and Terrorist Financing
(FIR on ML/TF) Measurement Results in 2023
OJK 17 of 2023 on the Implementation of Bank Danamon Online November 15, 2023
Commercial Bank Governance
Danamon Compliance 2023 Bank Danamon Online December 15, 2023
Business E-mail Compromise (BEC) Bank Danamon Online December 15, 2023
AML, ATF & Proliferation of weapons of mass Bank Danamon Online December 15, 2023
destruction (WMDs)
e-Learning Customer Centric Bank Danamon Online December 15, 2023
GOVERNANCE
CORPORATE
Work Safety in Emergency Conditions Bank Danamon Online December 15, 2023
SEPAKAD (Danamon's Information Security Bank Danamon Online December 15, 2023
Learning Series) - Series 1
Implementation of the Duties and Responsibilities of the Corporate Secretary in 2023
Throughout 2023, the Corporate Secretary carried out the duties and responsibilities assigned to her with the
following activities:
1. Stayed abreast with the latest developments in capital market, especially regulations therein and disclosed all
the necessary information about the developments to the Board of Commissioners, Directors and Company
CORPORATE DATA
stakeholders.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 423
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CORPORATE
GOVERNANCE
2. Organized and documented the General Meeting of Shareholders.
3. Fulfilled the provisions of the Indonesian Stock Exchange regarding the Company’s Annual Public Expose.
4. Organized and attended Board of Commissioners meetings, joint meetings of Boards of Commissioners and
Directors and Committee meetings at the Board of Commissioners level as well as compiling and administering
the minutes of the meetings.
5. Timely delivered reports related to provisions in the Capital Market, both periodic and incidental reports to the
OJK and IDX in a timely manner.
6. Disclosed information in accordance with applicable laws and regulations.
7. Prepared recommendations for changes to the committee work procedures guidelines at the Board of
Commissioners and Directors levels pertaining to the implementation of corporate governance.
8. Made adjustments to the Articles of Association in accordance with the company’s needs as well as newly
applicable regulations and legislation.
9. Updated/adjusted Charters of the Boards of Directors and Commissioners pursuant to applicable laws and
regulations and the implementation of good Bank governance.
10. Prepared documentation and assisted candidates for members of the Board of Directors and the Board of
Commissioners with their fit and proper tests.
Information Disclosure in 2023
As a form of information disclosure, the Company has periodically and on different occasions disclosed information to
the public through its official website and the Indonesian Stock Exchange website made available in both Indonesian
and English.
Periodic Report
In 2023, the periodic disclosure of information that have been reported by the Company are as follows:
INFORMATION DISCLOSURE
Reporting
No Type Report Objective Total
Period
1 BDMN Securities Holder Registration Monthly Report OJK and BEI Monthly 12
2 Consolidated Financial Statements (Unaudited) of the Bank and Subsidiaries OJK and BEI Quarterly 3
3 Consolidated Financial Statements (Audited) of the Bank and Subsidiaries OJK and BEI Annual 1
4 AGMS OJK and BEI Annual 1
5 Annual Report OJK and BEI Annual 1
6 Financial Report of Controlling Shareholders OJK Semester 2
7 Disclosure of Information on Fulfillment of Mandatory Annual Public Expose BEI Annual 1
8 Evaluation report on the implementation of audit services for annual historical OJK Annual 1
financial information by Public Accountant and Accounting Firm
9 Appointment of Public Accountants and Public Accounting Firms for the 2023 OJK Annual 1
Financial Year
Incidental Report
In 2023, The Company has disclosed information on 10 (ten) incidental reports to regulators and made it available
for the public to access on the Company’s official website with the link: https://www.danamon.co.id/id/Tentang-
Danamon/InvestorInformation/Information-Corporate-Action-and-Information-Disclosure/2023.
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HIGHLIGHTS
FINANCIAL
BANK
COMPLIANCE FUNCTION
MANAGEMENT REPORT
The Compliance Function is a series of preventive (ex- A. Realizing the implementation of compliance culture
ante) actions or steps to ensure that policies, provisions, at all levels of the Bank’s organization and business
systems and procedures as well as business activities activities.
carried out by the Bank remain in compliance with OJK B. Managing compliance risk exposure.
provisions and statutory regulations and that the Bank’s C. Ensuring that policies, provisions, systems and
compliance with commitments made it has made to procedures as well as business activities carried
OJK and/or other authorized Supervisory Authorities. out by the Bank remain in compliance with OJK
provisions and statutory regulations.
The implementation of the Compliance Function duties D. Ensuring the Bank’s compliance with all the
at the Bank is based on 4 (four) main compliance commitments it has made to the OJK and/or other
COMPANY PROFILE
functions as mandated in POJK No.46/POJK.03/2017 authorized Supervisory Authorities.
dated July, 12 2017 concerning the Implementation of
the Compliance Function for Commercial Banks:
Organizational Structure of the Compliance Work Unit
The organizational structure of the Compliance Work Unit at Danamon is illustrated below
DISCUSSION & ANALYSIS
Director in charge of
the Compliance function
MANAGEMENT
Rita Mirasari
Regulatory
Regulatory Head of Financial
Head of Corporate Compliance (RC) Head of Legal Counsel
Compliance (RC) Crime
OPERATIONAL REVIEW
Secretary & Advisory Head and Litigation
& Assurance Head Compliance
Hendy D. Wong Satyo Haryo W. *)
Lie Chen Ratih Damayanti
Palupi Aly Ibrahim
*) Effective October 6, 2023, Satyo Haryo W, then previously Head of Legal Counsel, was given new assignment to oversee the Litigation function as the incumbent Cahyanto
C. Grahana was approaching retirement as Head of Litigation.
The role of the Boards of Directors and implementation of the Bank’s Compliance Function
Commissioners in the Compliance Function and evaluating the implementation of the Bank’s
The Board of Directors is obliged to foster and realize Compliance Function at least 2 (two) times a year.
GOVERNANCE
CORPORATE
a Compliance Culture at all levels of the Bank’s
organization and business activities. The Board of Director of Compliance
Directors shall then ensure the implementation of the Danamon has a Director who directs Compliance
Bank’s Compliance Function. Function (Compliance Director), Ms Rita Mirasari. The
appointment of the Compliance Director has met the
The Board of Commissioners is obliged to oversee the applicable criteria, which is independency, and shall
implementation of the Compliance Function. Active refrain from running other functions that are regulatory
oversight of the Compliance Function is exercised not permissible to her.
by giving suggestions to improve the quality of the
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 425
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CORPORATE
GOVERNANCE
The appointment Compliance Director has received OJK the Bank Director who directs Compliance Function.
approval and gone through due process as stipulated SKKT is tasked with monitoring and evaluating the
therein. The complete profile of the Compliance implementation of compliance functions in each entity
Director can be seen in the Annual Report Directorate in the Financial Conglomerate. SKKT coordinates with
Profile section. each compliance function of the member entities of the
Financial Conglomerate and monitors corrective action
Compliance Work Unit (SKK) on compliance issues faced by each of the members,
Since January 2021, SKK has been divided into 2 (two) including follow-ups on the results of the Regulator’s
divisions, where Palupi Aly Ibrahim serves as Head of audit findings. SKKT conducts self-assessment of the
the Regulatory Compliance & Advisory Division and implementation of Compliance Risk Management in
Lie Chen as the Head of the Regulatory Compliance accordance with internal regulations and methodology.
& Assurance Division. The appointment of both has
been informed to the OJK. Both officials have adequate PT Home Credit Indonesia (HCI) became a member
competence and ability in banking and strong of the MUFG Group Financial Conglomerate due to
commitment to implement and nurture a culture of MUFG Bank Ltd acquisition of HCI shares through
compliance. Krungsri (75%), and through PT Adira Dinamika Multi
Finance Tbk (9.83%). On December 29, 2023 the Bank
Integrated Compliance Work Unit already submitted a Report on HCI acquisition and the
The Bank as the Main Entity in the MUFG Group subsequent changes in membership of the MUFG Group
Financial Conglomerate has an SKKT that is Financial Conglomerate to the Financial Conglomerate
independent from other operational units whose Oversight Department of OJK.
duties and responsibilities are carried out by the
Bank’s SKK (“Regulatory Compliance”). SKKT reports to
hus, the organizational structure of the MUFG Group Financial Conglomeration is illustrated below:
Mitsubishi UFJ Financial Group
(MUFG) Bank, Japan
Outside the
Krungsri Region
(Bank of Ayudhya) Thailand Indonesia
Bank Danamon
MUFG Jakarta Branch
Indonesia
Adira Dinamika Multi Finance
(ADMF) Indonesia Region
PT Home Credit Indonesia
MUFG Group Financial Conglomeration
Compliance Function Policy
The Compliance Work Unit has a Policy for Compliance Function and Compliance Work Unit which covers compliance
culture, function, risk management and reporting. This policy offers guidance for implementing the Bank’s compliance
function.
426 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Duties and Responsibilities of the Compliance Work Compliance Work Unit Work Plan for 2023
Unit 1. Maintain awareness of the importance of
Duties and Responsibilities of the Compliance Work Compliance Culture, including the application
Unit include: of APU and PPT to all employees in Head Office,
1. Creating a compliance program in order to support Regional and Branch Office work units, including
MANAGEMENT REPORT
the creation of a compliance culture in all of through the socialization of regulations and the
Danamon’s business activities at every level of its development of e-learning as well as maintaining a
organization; regulatory database on compliance portal.
2. Identifying, measuring, monitoring and controlling 2. Conduct compliance reviews on policies, new
compliance risk in accordance with risk management products, provision of funds to parties related to the
implementation for Commercial Banks and Sharia Bank and provision of funds to parties not related to
Business Units with Financial Services Authority the Bank within certain limits.
provisions as references; 3. Carry out consultative and liaison officer functions.
3. Assessing and evaluating the adequacy and 4. Assist in applications for new product approval from
suitability of Danamon’s policies, provisions, systems regulators.
COMPANY PROFILE
and procedures for implementing provisions from 5. Coordinate and monitor compliance with regulations
authorities; by related work units.
4. Reviewing and/or recommending updates and 6. Monitor the Bank’s follow-up commitment to the
improvements to Danamon’s policies, provisions, results of audits from regulators (OJK and BI).
procedural systems to comply with the provisions 7. Align several internal policies with reference to
of authorities, including Sharia principles for Sharia MUFG Global Best Practices.
Business Units; 8. Prepare and/or review the Bank’s internal policies
5. Serving as Danamon’s liaison officer with regulators, in accordance with regulatory changes and
especially on matters related to the implementation developments.
DISCUSSION & ANALYSIS
of compliance and the implementation of regulatory
audits; Implementation of Compliance Work Functions
MANAGEMENT
6. Organizing training/outreach programs regarding The implementation of the duties and responsibilities
external provisions for Danamon’s work units. of the compliance function during 2023 include:
7. Performing other tasks that bear relation to the 1. Training and Socialization by SKK
compliance function; In order to carry out its duties to build a culture of
8. The Integrated Compliance Work Unit also has compliance at all levels of the Bank’s organization
the task of at least monitoring and evaluating the and business activities, SKK organized various
implementation of compliance functions at each training and outreach for all Bank employees.
OPERATIONAL REVIEW
of the Financial Conglomerate’s financial services Training methods were delivered directly in
institutions. classrooms, virtually/online, and through e-learning.
Training and Socialization As of 31 Dec 2023
E-learning Compliance 2023 In June 2023, SKK published E-Learning Compliance 2023 made mandatory to all
Bank Management and Employees.
As of December 2023, the realization of e-learning completion has reached
GOVERNANCE
100% (cut off data for employees who joined as of July 2023).
CORPORATE
Training/socialization to work units • Semester 1 - 2023 = 18 training/socialization
• Semester 2 - 2023 = 19 training/socialization
Communicating new provisions/regulations material to the • Semester 1 - 2023 = 15 new provisions
relevant work units • Semester 2 - 2023 = 42 new provisions
The Compliance Work Unit collaborated with related work units to discuss the
implementation of compliance with provisions, including matters that must be
fulfilled and implementation targets.
CORPORATE DATA
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CORPORATE
GOVERNANCE
2. Compliance Reviews/Quality Assurance
The Compliance Work Unit conducted compliance reviews to ensure that the products, activities and policies
issued by Danamon and programs run by Subsidiaries were not in violation of all regulatory provisions. During
2023, the Compliance Work Unit conducted 324 reviews consisting 116 reviews in semester 1 - 2022 and 138
reviews in semester 2 - 2023.
Apart from that, the Compliance Work Unit also carried out Regulatory Compliance & Assurance (testing) activities
to monitor Danamon’s compliance risks and measure the level of compliance of the work unit in carrying out its
activities and its conformity to regulatory provisions.
3. Monitored the Fulfillment of Prudential Requirements
The Compliance Work Unit periodically monitored the fulfillment of Danamon’s prudential provisions in the form
of main regulatory parameters, namely the LLL ratio, GWM, NPL, PDN, Equity and CAR. Bank Danamon and its
Subsidiaries have properly met main regulatory parameters as part of the components in measuring compliance
risk. Monitoring Subsidiaries’ compliance function is part of the Implementation of the Integrated Compliance
Function.
Compliance With Key Regulations 2023
Parameter Compliance
Capital Adequacy Ratio Comply
Minimum Statutory Reserve (GWM) Primary (Rp) Comply
Primary (USD) Comply
Macroprudential Intermediation Ratio (RIM) Comply
Secondary/Macroprudential Liquidity Buffer (PLM) Comply
Non-Performing Loan (NPL) Comply
Net Open Position (PDN) Comply
Legal Lending Limit (BMPK) for Related Parties Comply
Participation Portfolio Comply
Legal Lending Limit (BMPK) for Not Related Parties Comply
4. Compliance Risk Management 5. Commitment to Regulators
Compliance risk management is carried out through The Compliance Work Unit periodically
the process of identifying, measuring, monitoring monitored and ensured the fulfillment of follow-
and controlling compliance risks in accordance up commitments related to the results of audit
with the implementation of risk management. conducted by the regulators. During 2021, all audit
The compliance risk management strategy is result commitments submitted by the regulator
implemented through a 3 (three) line of defence were fulfilled and not overdue. The Compliance Work
scheme. The Compliance Work Unit analyses the Unit also served as a liaison regarding compliance
Bank’s compliance risks, both as individual and implementation for internal and external parties.
in consolidated manner, as well as integrated
compliance risks. 6. The implementation of the functions of the
Integrated Compliance Work Unit is disclosed in
The Compliance risk of the Bank and Subsidiaries the Integrated Governance section.
were well managed. This is reflected in the
compliance risk profile that fell under 2 rating
(Inherent Risk at rating 2, or falling under Low to
Moderate and the Quality of Risk Management
Implementation was rating 2, or falling under
Satisfactory).
428 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Compliance Work Unit Human Resources Development
As of December 2023, the Compliance Work Unit had a total of 24 headcounts (including the Head of the Compliance
Work Unit) the majority of whom had banking experience of more than 5 years with adequate capacity. Danamon
always gives opportunities for Compliance Work Unit employees to increase their knowledge and competence that
can help them with their duties. All Compliance Work Unit employees have taken and earned Risk Management
MANAGEMENT REPORT
certifications. The list blow gives training materials/ coaching/ seminar/ workshops attended by Compliance Work
Unit staff, both internal and external:
No Type of Training/Socialization
External
1 Hearing on Draft OJK Regulations (POJK) concerning Digital Services by Commercial Banks
2 Local Currency Transaction (LCT) Framework Implementation Plan
3 Monitoring Progress of SNAP PJP SM Operational Reporting
4 Danamon Leadership Academy 1
COMPANY PROFILE
5 Implementation of QRIS Week
6 Get to know more about the provisions of Law No. 4 of 2023 concerning the Development and Strengthening of the Financial Sector in the
Context of Strengthening the Capital Markets Sector
7 Socialization of SPRINT Capability and Proper Assessment Module (PKK) for Commercial Banks and Representative Offices of Banks
Headquarter Overseas
8 Webinar KADIN: Achieving Exponential Growth with Self-service Digital Transformation
9 Socialization of Preparation for the Central Counter Party Implementation Piloting Program for Over-the-Counter Interest Rate and Exchange
Rate Derivative Transactions
DISCUSSION & ANALYSIS
10 Socialization of POJK No.9 of 2023 concerning the Use of Public Accounting Services and Public Accounting Firms in Financial Services
Activities
MANAGEMENT
11 Socialization of the Role and Support of Bank Indonesia in the Implementation of PP Number 36 of 2023 concerning DHE SDA
12 Webminar, a new style of fraud mode
13 Socialization of PBI No.3 of 2023 concerning Bank Indonesia Consumer Protection
14 Discussion of PKS Addendum on the Appointment of DHE Bank TD Currency Agent
15 Employment Webinar: Prevention & Handling of Sexual Abuse at Workplace
16 DPLK Webinar - Financially Smart, Happy Retirement
17 Danamon Leadership Academy 2
OPERATIONAL REVIEW
18 Invitation to QnA Session Socialization regarding DHE SDA Provisions
19 Initial Communication of KLM Policy (Macroprudential Liquidity Policy)
20 Introduction to the KPEI System related to the Clearing, Settlement and Risk Management Process for Over the Counter Interest Rate and
Exchange Rate Derivative Transactions
21 The establishment of the Self-Regulatory Organization (SRO) of the Indonesian Money Market and Forex Market Association in 2023
22 LBUT KI Coaching Clinic on Daily Finance
23 Socialization of Bank Indonesia Rupiah Securities Regulations
24 National Seminar on Macroprudential Liquidity Incentive Policy (KLM): Incentives for credit/financing in the downstream sector
GOVERNANCE
25 The Execution of Plan for Primary Dealer Implementation in Monetary Operations
CORPORATE
26 Internet of Things Webinar in the Financial Services Industry
27 Socialization of certification schemes and assessment processes and certification systems
28 Socialization of Financial Inclusion Month (BIK) 2023
29 Socialization of POJK No. 17 of 2023 concerning Implementation of Governance for Commercial Banks
30 Digital Webinar: Unlocking The Power of ChatGPT
31 Refreshment Risk Management (BSMR)
32 Webinar on Employment: BPJS Employment Programs and Benefits
CORPORATE DATA
33 Securing the Future of Digital Ecosystem: Navigating Regulations of Approval Application and Cyber Resilience in Payment System
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GOVERNANCE
No Type of Training/Socialization
34 KAKI Conference – Business Collective Action Coalition Conference “Strengthening Business Integrity: Creating a sustainable Economic
Community in the ASEAN Indo-Pacific Region
35 Socialization of the Use of Certificates and Digital Signatures in the Banking Industry
36 Socialization of Murabahah Financing Guidelines
37 Socialization of Bank Business Plan Report Module
38 Volcker Rule Policy Workshop
39 Socialization of PP Premium PRP and RDP RPLPS Premium PRP
40 LPPI Seminar #94 Supervision of Market Conduct and Consumer Protection in the Financial Services Sector Post Issuance of POJK No.6/
POJK.07/2022 and Law No.4 of 2023 concerning Development and Strengthening of the Financial Sector
41 Socialization of Plans for Issuing Bank Indonesia Foreign Currency Securities (SVBI) and Bank Indonesia Foreign Currency Sukuk (SUVBI)
42 Perbanas Member FGD - 16 Digit NPWP
43 Socialization of the Use of the ASPI Service System (SILA)
44 LPPI Webinar: Carbon Exchange and Its Opportunities for the Financial Sector
45 Get to know more about the provisions of Law No. 4 of 2023 concerning the Development and Strengthening of the Financial Sector in the
Context of Strengthening Literacy, Inclusion and Consumer Protection
46 RKKNI National Convention for General Banking
47 Indonesian Sustainable Taxonomy Focus Group Discussion
48 Socialization of Money Market Regulations by Bank Indonesia
49 Risk & Governance Summit 2023
50 OJK Regulation No.21 of 2023 concerning Digital Services by Commercial Banks
51 Coaching Clinic CCP SBNT BDI
52 Socialization of banking provisions
1. SEOJK No.24/SEOJK.03/2023 concerning Assessment of Digital Maturity Levels of Commercial Banks.
2. SEOJK No.16/SEOJK.03/2023 concerning Capital Calculations for Bank Exposure to Central Counter Party Institutions.
3. SEOJK no.17/SEOJK.03/2023 concerning Margin Requirements for Derivative Transactions that are Not Cleared through Central
Counterparty Institutions.
4. SEOJK No.18/SEOJK.03/2023 concerning Procedures for Using the Services of Public Accountants and Public Accounting Firms in Financial
Services Activities.
5. POJK No.21 of 2023 concerning Digital Services by Commercial Banks
53 Socialization of the Licensing Services Transformation Program in the Financial Services Sector
54 Health Talk | No Time for Flu: Healthy, Strong, Increased Productivity
55 Indonesia’s Annual Data Protection Submit
56 EY Indonesia Thought Leadership - Personal Data
57 Welcoming Crypto Assets to Strengthen the Digital Financial Ecosystem in Indonesia
Intern
1 Agile Risk Learning Development Session - Digital Product related to Squad Project
2 Agile Confluence Socialization
3 Settlement of Forex Transactions Through Close-out Netting Mechanism date. 1 Aug 2023
4 Socialization and Coordination Meeting of PBI No.7 of 2023 concerning Export Proceeds Foreign Exchange (DHE) and Import Payment
Foreign Exchange (DPI)
5 E-mail Security Threats Training
6 Legal Socialization for Agile Squad
7 Agile - Sharing session APU-PPT
8 Sharpening Service Insight
9 Sharing session on Law No.27 of 2022 concerning Personal Data Protection
10 Sharing Session with Information Technology Risk
11 Socialization of Bank Indonesia Consumer Protection & Literacy and Inclusion Socialization
12 Pre-Risk & Compliance Workshop
13 Agile - Sharing session IT-QM
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HIGHLIGHTS
FINANCIAL
No Type of Training/Socialization
14 Webinar Phishing Awareness
15 Cybersecurity 101: The Key to Everyone's Online Safety
16 Know Your Waste to be Worth: Sustainable Recycling Practice in the Workplace
MANAGEMENT REPORT
17 Process Socialization and Approval of Compliance Review Results
18 Workshop Wealth Management
19 Customer Centricity Culture
20 Training on Quality Assurance Examination Techniques
21 Legal Basic Class - Training Basic dan Plain Language
22 Compliance Coaching Clinic Refreshment – OJK Response to Bank Proposal
23 Legal Basic Class - Reading Deeds and Risk-Based Business Licensing
24 Refresher: Enforcement of New Regulations
25 CX Banca Co-Creation Workshop
COMPANY PROFILE
26 Sharing Session Fraud
27 Compliance Review SOP version 3.0 in 2023
28 E-Learning Danamon Compliance 2023
29 e-Learning APU, PPT & PPPSPM 2023
30 E-Learning Volcker Rule 2023
31 E-Learning Work Safety in Emergency Conditions
DISCUSSION & ANALYSIS
The following are the Bank’s strategic plans to mitigate • Monitor the Bank’s commitment to fulfilling findings
compliance risks related to the implementation of the from the Authority and the Internal Audit Work Unit.
MANAGEMENT
compliance function during 2024: • Align several internal policies with reference to
• Maintain awareness of the importance of MUFG Global Best Practices.
Compliance Culture through e.g. the application • Conduct regular quality assurance for certain work
of APU and PPT to all employees in Head Office, units to ensure that the Bank’s business activities in
Regional and Branch Office work units, including each business line have complied with applicable
through socializing regulations and developing regulations.
e-learning, as well as maintaining a regulatory • Monitor the implementation of integrated
OPERATIONAL REVIEW
database on compliance portal. Compliance Functions and Integrated Governance
• Conduct continuous reviews of internal policies/ at Financial Services Institutions (LJK) in the MUFG
regulations and work flows including system Group Financial Conglomerate.
enhancements (if necessary) to ensure that the • Develop the competency and knowledge of the
provisions regulated and activities carried out by Compliance Work Unit’s Human Resources with an
the Bank remain in compliance with regulatory opportunity to attend training/seminars/workshops.
provisions. In 2024, a review of 12 internal policies • Carry out regular quality assurance activities for
will be conducted. certain work units to ensure that Bank Danamon’s
• Conduct socialization of new regulations issued by business activities have complied with applicable
authoritative bodies including BI, OJK, and PPATK by regulations.
GOVERNANCE
CORPORATE
either blasting the regulations and their summaries • With regards to the implementation of APU, PPT
via e-mail to Bank management, heads of related and PPPSPM, the Bank will continuously improve
business units, or by conducting face-to-face its ability to implement APU, PPT and PPPSPM
meetings with relevant business units. both related to technology and non-technology,
• Continuously strive to improve digital banking including:
services that provide convenience to customers with
priority placed on aspects of information security
and consumer protection
CORPORATE DATA
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GOVERNANCE
a. Making system upgrades and system h. Reviewing financial transaction cooperation
enhancements to improve the capabilities and with third parties that an increase APU, PPT and
performance of the AML (Anti Money Laundering) PPPSPM risks for the Bank.
system and surrounding systems related to the i. Continuously increasing the competency and
AML system. knowledge of Human Resources (HR) from the
Financial Crime Compliance Division (FCC) with
b. Developing and improving the quality of an opportunity to attend training/seminars/
customer and transaction screening processes workshops and conduct knowledge-sharing as
including account opening processes, remittance a means of sharing information and stimulating
transactions, trade finance and treasury in order individual potential.
to comply with regulations that apply globally j. Increasing the competency, awareness and
and the need to mitigate APU, PPT and PPPSPM knowledge of the Bank’s HR by organizing and
risks in an integrated manner. providing training or outreach related to the
c. Developing and improving systems and implementation of APU, PPT and PPPSPM both
supporting infrastructure to support the face-to-face and through both external and
implementation of reporting systems by internal e-learning.
Regulators and Law Enforcement Officials k. As the main entity in a financial conglomerate,
(Apgakum), including: ensuring that the implementation of APU, PPT
• PPATK Go-AML reporting system; and PPPSPM in subsidiaries is consistent with
• PPATK Terrorism Financing System implementation in the Bank, through e.g.:
(SIPENDAR). • Review of APU, PPT and PPPSPM program
• KPK PEDAL policies.
d. Developing and monitoring system related to • Discussions on the implementation of
the quality of customer KYC data from all Bank the APU, PPT and PPPSPM programs
onboarding channels. periodically.
e. Preparing and/or conducting reviews and • Monitoring the implementation of APU,
revising the Bank’s internal policies and PPT and PPPSPM in regular quarterly
procedures related to APU, PPT and PPPSPM reports.
including necessary adjustments to POJK 8 of • As part of the PPATK CAT (Collaborative
2023 on the Implementation of Anti-Money Analysis Team) team whose task is to
Laundering and Prevention of Terrorism provide data and analysis to parties related
Financing Programs, Prevention of Funding for to the 2024 simultaneous elections.
the Proliferation of Weapons of Mass Destruction l. As one of the Bank’s pilots in the process of
in the Financial Services Sector, and adjustments identifying and analysing transactions related
to developments and changes in applicable to Green Financial Crime (GFC) where the Bank
regulations and developments in Bank products is asked to create scripts in the AML system for
and services. each typology related to the GFC.
f. Participating in the Global Risk Assessment (GRA)
project, which is the implementation of inherent DISCLOSURE OF ADMINISTRATIVE SANCTIONS
risk assessments and quality control over BY THE FINANCIAL SERVICES AUTHORITY
Sanctions, AML and Anti-Bribery and Corruption
(ABC) to identify residual risks and follow-up In 2023, there was no material administrative sanctions
actions that must be taken. that had an impact on the continuity of the Bank’s
g. Conducting periodic risk assessments of money business nor was there any on members of both the
laundering and terrorism financing that may Boards of Directors and Commissioners of the Bank
occur within the Bank based on a risk-based given by the Regulator.
approach, using the National Risk Assessment
(NRA) and Sectoral Risk Assessment (SRA) as the
main reference, which is called the Bank Wide
Risk Assessment (BWRA).
432 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
ANTI-MONEY LAUNDERING (AML),
COUNTER THE FINANCING OF
TERRORISM (CFT),
MANAGEMENT REPORT
AND COUNTER-PROLIFERATION
FINANCING OF WEAPONS OF MASS
DESTRUCTION (CPF) PROGRAM
IMPLEMENTATION
COMPANY PROFILE
ORGANIZATION The Board of Commissioners actively oversees the
To support the Anti-Money Laundering (AML), Counter Board of Directors in fulfilling its responsibilities towards
the Financing of Terrorism (CFT), and Counter- implementing AML, CFT, and CPF Program including all
Proliferation Financing of Weapons of Mass Destruction the commitments Danamon has made to the Financial
(CPF) program, the Board of Directors and the Board Services Authority, PPATK, and on law-abiding reporting
of Commissioners embrace their full commitment to regulators.
to ensure Danamon remain in compliance with the
DISCUSSION & ANALYSIS
provisions of the Financial Services Authority, PPATK The implementation of the AML, CFT, and CPF Program
and other relevant regulations. at Danamon is coordinated by the Financial Crime
MANAGEMENT
Compliance (FCC) Division which reports directly to the
Compliance Director with the following organizational
structure:
Compliance Director
OPERATIONAL REVIEW
Financial Crime Compliance
Quality Assurance Regulatory
Transaction Advisory, Sanction &
& Business Reporting &
Monitoring Head Alert Handling Head
Alignment Head MIS Head
GOVERNANCE
CORPORATE
Danamon consistently strives to improve the quality of the implementation of the AML, CFT, and CPF Program,
through active Management oversight, policy improvement, training program as well as information system
improvement, and through other initiatives.
CORPORATE DATA
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GOVERNANCE
The AML, CFT, and CPF Program Implementation 2. Monitoring and Evaluation Process
Framework is described in the Three Lines of Defense a. Monitoring the Quality of Customer Data
concept as elaborated below: The quality and adequacy of customer data is
1. First Line of Defense continuously monitored using several methods
The first line of defense is the most important line of as joint effort of the First Line of Defense and the
defense in preventing the crime of money laundering, Second Line of Defense, as given below:
terrorist financing, and financing the proliferation 1. Monitored the quality of customer data
of weapons of mass destruction, detecting the includes mandatory KYC fields when opening
possibility of the referred crime, and identifying an account.
weaknesses and vulnerabilities in controlling the 2. Updated Data as the Bank’s Commitment to
implementation of AML, CFT, and CPF. Danamon’s OJK. As of December 2023, as many as 28,295
front liners are Business/Operational/Control Units CIF data had been updated (100%) of the
that run day-to-day operations. predetermined target of 28,295 CIF.
2. Second Line of Defense 3. Monitored customer risk levels through the
The second line of defense is carried out by the FCC AML System using Customer Due Diligence
Work Unit at the Head Office that is responsible (CDD) module: to see if there were significant
and tasked with preparing applicable methods and changes in risk value and when opening
tools that the first line can use to carry out its duties high risk-bearing new accounts or PEP. As
and responsibilities, prepare adequate policies and of December 2023, as many as 16,859 alerts
procedures, systems and training, and ensure that had been monitored for which follow ups had
the first line of defense has performed its function been made with a request for corrections or
effectively. adequacy of data/information on incomplete
3. Third Line of Defense /insufficient data.
This function is carried out by internal auditors and 4. Monitored the results of screening on new
external auditors to ensure that the implementation customers through the Watch List Filtering
of the AML, CFT, and CPF program in the first line (WLF) module in the AML System. This is
and second line of defense run effectively. basically a screening process for the opening
of a new CIF against the Bank’s PEP and
Implementation of the AML, CFT, and CPF Program Negative List data, using the World Check
During 2023 database (including OFAC) and DTTOT - WMD
Proliferation. As of December 2023, as many
1. Evaluation of Policies and Procedures as 71,971 alerts on screening result had been
a. To comply with the provisions of the Financial analyzed. There were 246 positive hit alerts
Services Authority and other provisions on the with PEP data that required Branches or other
implementation of AML, CFT, and CPF, the Bank related work units to make data correction
has made improvements on this subject with the or adjustment, and another 9 alerts related
issuance of 14 additional provisions. to negative news which had been followed
b. Had a review on as many as 145 draft policies up with further review and analysis and had
and/or new products and application forms been escalated to the relevant Regulator.
based on requests from work units to ensure 5. Conducted routine screening on all existing
their suitability with the implementation of the CIFs as one of the methods to monitor
AML, CFT, and CPF Program. customers in order to ensure they were not
c. Published information about the implementation PEP or fell under the Negative List (DTTOT,
of the AML, CFT, and CPF program on Danamon WMD Proliferation, Negative News and OFAC).
official website provides information related From the results of this screening, by the end
to the Bank General Policy, US Patriot Act, of 2023, as many as 77,894 CIF had been
Wolfsberg AML Questionnaire. identified as CIF hits related to e.g., PEP and
434 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Adverse news related to AML, CFT, CPF, and was made based on several aspects including the
Sanctions, for which branches, and relevant number of customers, the number of customers
work units has made data corrections or who had high risk and also the historical cash
adjustments and taken necessary follow-up and non-cash transactions made in each branch.
actions. The Bank used the results of this determination
MANAGEMENT REPORT
6. The quality of customer data was also to determine which branch to visit and as a
continuously monitored as a follow-up action method of monitoring customer transactions.
on the customer transaction monitoring
process conducted by the Transaction 3. Training and Socialization
Monitoring Unit. As of December 2023, Organized online and offline training program
as many as 505 CIFs had been requested for new and existing employees, including the
from branches to update or adjust data so AML, CFT, and CPF training for Danamon Bankers
the referred branches can keep the most Trainee, socialization of new policies regarding
updated customer data/profiles. Financial Services Authority Regulation No. 8 of 2023
concerning AML, CFT, and CPF, and Refreshment
COMPANY PROFILE
b. Quality Assurance procedures KYC and Sanctions for BSM. During
In order to ensure the implementation of the 2023, FCC organized 15 training sessions on relevant
AML, CFT, and CPF program, FCC conducted topics.
monitoring & testing in work units in coordination
with the Head Office team and the Branch FCC created an AML, CFT, and CPF e-learning
Control Operational team. Branch inspections refreshment and launched it in August 2023. The
were then adjusted to the Branch Control Visit Bank has made it mandatory for all employees to
Plan Schedule for the refered branches to assess take AML, CFT, and CPF e-learning (Bank-Wide).
awareness, effectiveness, and data quality on As of December 2023, 98.7% of Bank Danamon
DISCUSSION & ANALYSIS
the implementation of the AML, CFT, and CPF management and employees had completed
Program against the governing provisions. e-learning (Employee cut off data as of September
MANAGEMENT
2023).
The implementation of Quality Assurance in 2023
was conducted in 6 (six) high complexity branches 4. Reporting
in the Jakarta, West Java, East Java, and Sumatra Danamon has carried out reporting activities as
areas. Periodically, FCC conducted inspections determined by the Regulations. These reports are
which included inspections on reporting to the Suspicious Transaction Report (LTKM), Cash
regulators; customer transaction monitoring Transaction Report (LTKT), Financial Transaction
OPERATIONAL REVIEW
activities; transaction screening activities and Report from and to Overseas (LTKL/IFTI), and the
screening for new customer acceptance, as well Integrated Service User Information System Report
as List Management activities. (SIPESAT). In addition, Danamon has also given
responses to requests for data and information
c. High Complexity Branches from external parties (PPATK, KPK, BI, Police and
In order to evaluate the AML, CFT, and CPF risks other third parties).
at each of Danamon’s branches while remaining
in compliance with OJK regulations on AML, The following is the number of reports and
CFT, and CPF, the Bank had identified branches responses to requests for information from external
exposed to high complexity. This determination parties that had been made up to December 2023:
GOVERNANCE
CORPORATE
CORPORATE DATA
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CORPORATE
GOVERNANCE
Total Reporting in 2023
LTKM LTKT LTKL SIPESAT Responses to External Parties
979 38,931 101,204 1,213,123 CIF 758
5. Management Information System
Danamon has made improvements to the transaction/customer profile monitoring and screening application
(AML System) in order to improve control and effectiveness in identifying suspicious transactions using parameters
that are adjusted periodically, including:
• SWIFT transactions screening in Trade Operations.
• Upgrades of the NICE-Actimize version as AML System includes 3 modules.
In addition, Danamon has also made improvements to its PPATK reporting platform in order to improve control,
accuracy and adequacy of information contained in the reports submitted to PPATK, including:
• The development of the GoAML app to support automation of PPATK STR/SIPENDAR reporting - Phase 1, 2
and 3.
• The development of GoAML app to support the automation of ELECTION reporting.
6. Auditing
Since early October 2023 until the end of December 2023, the Internal Audit Working Unit had been examining
the implementation of AML, CFT, and CPF for the August 1st, 2022, to September 30th, 2023, audit period. The
audit process has entered the finalization stage and its report results are scheduled for distribution in February
2024.
436 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
INTERNAL AUDIT
WORKING UNIT
MANAGEMENT REPORT
STRUCTURE AND POSITION OF INTERNAL risk management, control, and corporate governance
AUDIT WORKING UNIT (IIAU) processes.
Internal Audit Working Unit in Bank Danamon is a In accordance with the Integrated Internal Audit
member of MUFG Group Financial Conglomeration Charter that has been approved by the President
Integrated Internal Audit Working Units (IIAU), where Director and Board of Commissioners, IIAU has access
Bank Danamon as the Main Entity. IIAU Danamon is to all Danamon’s and Subsidiaries’ activities, functions,
an independent function directly responsible to the data, records, property, and personnel by complying
President Director. To support independency and with the prevailing laws and regulations, profession
COMPANY PROFILE
monitoring of the implementation of internal audit confidentiality, and personal rights, and ensure the
programs, the Chief Internal Auditor (Head of IIAU) is application of the anti-tipping off principle in auditing
also directly responsible to the Board of Commissioners Anti-Money Laundering (AML) and Countering Financing
through the Audit Committee. IIAU aims to provide of Terrorism (CFT).
independent and objective views in conducting
assurance activities and providing consultation IIAU reports audit activities and significant audit
services to the Board of Commissioners and Board of findings including recommendations for corrective
Directors, as part of continuous control process and action that have been submitted to the related units, to
risk management within the company. the President Director and Board of Commissioners via
DISCUSSION & ANALYSIS
Audit Committee and Compliance Director.
IIAU aims to be a business partner that provides added
MANAGEMENT
value in fostering a robust control culture to support In addition to complying with the Danamon’s Code of
Danamon and its subsidiaries to achieve their long- Conduct, IIAU is also guided by the Integrated Internal
term goals by referring to the International Standards Audit Charter and Auditor’s Code of Conduct, which
for the Professional Practices of Internal Auditing regulate the establishment and function of Integrated
(IPPF) from The Institute of Internal Auditors (IIA), Bank Internal Audit Working Unit (IIAU) and include auditor’s
Indonesia regulation, Financial Services Authority/ professional standard as defined in the International
FSA (OJK) regulation, and Company’s Code of Conduct. Professional Practice Framework by The Institute
OPERATIONAL REVIEW
IIAU assists the management in accomplishing its of Internal Audit (covering the principle of integrity,
objective by bringing a systematic and disciplined objectivity, confidentiality, and competency).
approach to evaluate and improve the effectiveness of
GOVERNANCE
CORPORATE
CORPORATE DATA
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CORPORATE
GOVERNANCE
IIAU ORGANIZATION STRUCTURE
President Director Audit Committee
Chief Internal Auditor
Yenny Linardi
Audit & Fraud
Product & IT Audit & Branches Fraud Investigation
Credit Audit
Support Audit Analytics Audit Investigation Strategic
Group Head
Group Head* Group Head Group Head Head Development
Group Head
* covering Treasury & Operations Audit
Appointment, Dismissal, and Legal Basis for Appointment of Head of IIAU
The Head of IIAU is appointed and dismissed by the President Director with the approval from the Board of
Commissioners. The appointment and dismissal of the Head of IIAU should be reported to OJK along with by the
reasons for appointment/dismissal.
Since August 12, 2019, IIAU has been led by Yenny Linardi as Chief Internal Auditor (Head of IIAU) replacing Nathan
Tanuwidjaja as an acting Head of IIAU, based on appointment letter No. B.194/HCKP/0819 and this appointment has
been reported to OJK based on Director Letter No. B.748 – DIR dated August 15, 2019 regarding Report on Dismissal
of the Acting Head of IIAU and Appointment of the Head of IIAU in PT Bank Danamon Indonesia Tbk (Company).
Chief Internal Audit Profile
Obtained Bachelor’s degree in Economics from Trisakti University,
Jakarta. Joined Danamon as Chief Internal Auditor since August
2019. Previously, she worked at DBS Bank for almost 11 years as
Chief Internal Auditor. She had worked at Danamon in 2004-2008
with the last position as Head of Branches Audit and previously
at BCA (1989 – 2004) with the last position as Head of Analytical
Yenny Linardi
Chief Internal Audit Review, Head Office Audit.
Duties and Responsibilities of Integrated Internal Audit Working Unit (IIAU)
IIAU has duties and responsibilities, among others:
a. Develop an annual audit plan, budget and resources needed using risk-based methodology and implement the
approved annual audit plan, including special tasks/projects;
b. Review and provide recommendation on the annual audit plan of subsidiaries’ Internal Audit;
c. Improve the adequacy of knowledge, skills, experience, and professional certifications;
d. Monitor and review the internal audit implementation in subsidiaries;
e. Prepare and submit reports to OJK in accordance with the prevailing regulations, e.g., Internal Audit realization
and summary of audit result report, special report on each audit issue deemed to disrupt the continuity of the
bank, report on Quality Assurance Review of IIAU by external party, and report of Information Technology audit;
438 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
f. Communicate with OJK at least once in 1 (one) year; d. Continued to increase auditor competency through
g. Convey compliance of sharia principles to Sharia trainings, knowledge on regulation, product and
Supervisory Board and appoint at least one (1) IIAU procedures, as well as risk management and audit
member who has knowledge and/or understanding process and professional certification.
of sharia banking operations; e. Continued to develop analytic functions by
MANAGEMENT REPORT
h. Recommend corrective actions for audit findings to continuing to develop the scope of the data analytics.
related units, monitor and ensure that management f. Continued the quality assurance process and
actions have been effectively and efficiently improvement program (QAIP) by benchmarking
implemented; or Senior Management had accepted with the internal audit best practices in banking
risks that could not be mitigated yet; industry (IAU Danamon and MUFG) and financing
i. Conduct regular coordination meetings with the industry (Internal Audit Unit ADMF).
subsidiaries’ Internal Audit at least every quarter; g. Performed joint audits with Internal Audit unit of
j. Develop program to evaluate the quality of internal ADMF.
audit activities that have been performed; h. Align audit coverage and methodology with MUFG,
k. Determine the internal audit execution strategy for specifically in the areas of Sarbanes-Oxley Act (SOX),
COMPANY PROFILE
subsidiaries. Financial Reporting Process, and Volcker rules.
Duties and responsibilities are regulated in the i. Perform initiative in cyber security audit by joint
Integrated Internal Audit Charter and stated in the audit with internal audit team of MUFG regional
Integrated Corporate Governance Report. (Internal Audit Office for Asia/AIAO), which was
conducted in the beginning of 2023.
2023 Integrated Internal Audit Working Unit j. Follow up on improvements, an ongoing basis on
(IIAU) Priorities the results of the 2022 MUFG (AIAO) audit according
IIAU has conducted the following activities to strengthen to the target date.
internal audit functions in 2023: k. Continue to perform its role as main entity IA of
DISCUSSION & ANALYSIS
a. Continued with audit priorities and perform the MUFG Group Financial Conglomerate such as
continuous monitoring on high and medium risk conduct regular meeting, monitoring planning,
MANAGEMENT
entities, and also with extensive branch network. implementation, and evaluation of internal audit
b. Focus on reviewing emerging risks and risk function at each entity member, as well as monitoring
associated to new/developing bank initiatives and key internal control gaps & implementation of their
process. resolutions in each entity member.
c. Gradually implement agile audit approach to
improve audit process, thus more nimble and
iterative.
OPERATIONAL REVIEW
Audit Plan and Realization as of December 31, 2023
In 2023, Integrated Internal Audit Unit (IIAU) has conducted the following internal audit engagements:
1. IIAU Danamon has conducted audit in 182 entities in Danamon:
Audit Plan & Realization as of December 31, 2023
Danamon 2023 Audit Plan 2023 Audit Realization
Head Office Audit 36 37*
GOVERNANCE
CORPORATE
Regional Office Audit 9 9
Branches Audit 136 136
Total Audit 181 182*
* Including Special Review ‘Pre-Implementation Review of QRIS Payment Service using Credit Card’ which was not included in 2023 Audit Plan.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 439
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CORPORATE
GOVERNANCE
2. Internal audit activities in Adira Dinamika Multi Finance (ADMF) were performed by the Internal Audit unit of
ADMF or SKAI Danamon, or jointly with IIAU Danamon.
Audit Plan & Realization as of December 31, 2023
ADMF 2023 Audit Plan 2023 Audit Realization
Head Office Audit 8 9*
Regional Office Audit 32 30*
Branches Audit 128 130*
Total Audit 168 169*
* For Head Office audit, the difference between audit realization and audit plan due to audit ADMF Sharia, the audit entity was not included in audit
plan. While for Region and Branches audit, the difference due to changes in audit focus based on periodic review on entities’ risk level.
Development of Human Resources
As of December 2023, the total number of personnel of IIAU Danamon was 131 personnel residing in the head office
and regional audit offices across Jakarta, Surabaya, and Makassar. Moreover, the Internal Audit of ADMF had 57
personnel.
To maintain the standardization of human resource quality, IIAU together with the Human Capital Development
Division has developed a competency matrix, which is a roadmap for every auditor and team leader to participate in
the trainings and certifications to meet the required competencies at every level.
As of December 31, 2023, the following professional certifications have been obtained by IIAU staff
International Certification # Person
Certified Internal Auditor (CIA) 7
Certified Fraud Examiner (CFE) 1
Certified Ethical Hacker (CEH) 2
Certified Information System Auditor (CISA) 5
Certified Information System Manager (CISM) 1
Financial Risk Manager (FRM) 1
Certified Anti-Money Laundering Specialist (CAMS) 1
Certified in Risk Management Assurance (CRMA) 1
Commercial Loans to Business (CLB) 23
Financial Accounting for Lenders (FAL) 25
Minimizing Problem Loans (MPL) 2
Certified Anti Fraud Manager (CAFM) 1
Certified Professional Management Accountant (CPMA) 1
Chartered Accountant (CA) 1
Certified ISO 27001:2013 Lead Auditor 1
Certified ISO 27001:2022 Lead Auditor 6
Certified ISO 27001:2022 Lead Implementer 2
Certified ISO 20001-1: 2018 Internal Auditor 2
Certified COBIT 2019 Foundation 1
Certified in Cybersecurity 2
ISO/IEC 27001 Information Security Associate Issued 1
Governance, Risk and Compliance Professional (GRCP) 1
Governance Risk Compliance Auditor (GRCA) 1
Certified Information Technology Auditor Professional (CITAP) 1
440 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
International Certification # Person
Data Privacy Solutions Engineer (CDPSE) 1
IBM Certified Advanced Database Administrator 1
IBM Certified System Administrator - WebSphere Application Server Network Development V.8.5.5 1
MANAGEMENT REPORT
National Certification # Person
Qualified Internal Auditor (QIA) 45
Risk Management Certification (SMR), Level I 104
Risk Management Certification (SMR), Level II 46
Risk Management Certification (SMR), Level III 11
Risk Management Certification (SMR), Level IV 1
Bank Internal Audit Certification – Auditor level 2
COMPANY PROFILE
A to Z Sharia Banking 4
Islamic Banking: Funding & Financing 1
Basic Financing Management Certification (Sertifikasi Dasar Pembiayaan Managerial) by Lembaga Sertifikasi
Profesi Pembiayaan Indonesia (SPPI) 8
2023 TRAINING AND WORKSHOP
#Person
No. IIAU #Training & Workshop Mandays
YTD Dec 2023
DISCUSSION & ANALYSIS
1 Internal Audit Unit- Danamon 131 staff 178 11 days
2 Internal Audit Unit-ADMF 57 staff 47 10 days
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 441
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CORPORATE
GOVERNANCE
COMPANY ACCOUNTANT/
EXTERNAL AUDITOR
Appointment of Company Accountant The appointment of AP and/or KAP as proposed by
The Danamon AGMS held on March 31, 2023 approved the Board of Commissioners had also considered
the appointment of Elisabeth Imelda as a Public recommendations from the Audit Committee, who
Accountant (AP) and Imelda & Rekan Public Accounting during the preparations took into account:
Firm (KAP) (a member firm of Deloitte Touche Tohmatsu a. Independency of AP, KAP, and the firm’s human
Limited) registered at the Indonesian Institute of Public resources;
Accountants (IAPI) and the Financial Services Authority b. Audit scope;
to do the audit on Danamon’s consolidated financial c. Audit Fee;
statements for the 2023 financial year. Pertaining d. Expertise and experience of AP, KAP, and the firm’s
to the appointment, the Bank had considered the Audit Team;
recommendations from the Audit Committee to e. Audit methodology, techniques and tools used by
determine the audit fee and other prerequisites. KAP;
f. Benefits of fresh eye perspectives obtained through
The appointment of AP and/or KAP who provided audit the replacement of several of the firm’s Audit Team
services for annual historical financial information had members;
been decided by the General Meeting of Shareholders g. Potential risks that might arise from using audit
after due consideration on the opinions of the Board of services by the same firm consecutively over a fairly
Commissioners. long period of time.
Other Services Than Financial Audit
During 2023, the appointed Public Accounting Firm Network also provided other services than audit to Company and
Subsidiary amounted to Rp276 million.
Audit Period and Accountant Fee
The following table gives the list of Public Accountant and/or Public Accounting Firms that provided financial audit
services and fees rewarded to them:
FISCAL NAME OF ACCOUNTANT
PUBLIC ACCOUNTING FIRM AUDIT FEE *)
YEAR (INDIVIDUAL)
2023 Imelda & Partners Elisabeth Imelda Rp5.950 billion
(a member firm of Deloitte Touche Tohmatsu Limited)
2022 Imelda & Partners Elisabeth Imelda Rp5.730 billion
(a member firm of Deloitte Touche Tohmatsu Limited)
2021 Imelda & Partners Elisabeth Imelda Rp4.730 billion
(a member firm of Deloitte Touche Tohmatsu Limited)
2020 Tanudiredja, Wibisana, Rintis & Rekan Lucy Luciana Suhenda, S.E.,Ak.,CPA Rp6.400 billion
(member firm of the PwC global network)
2019 Tanudiredja, Wibisana, Rintis & Rekan Drs. M. Jusuf Wibisana, M.Ec, CPA Rp5.282 billion
(member firm of the PwC global network)
*) include Subsidiary’s audit fee
442 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
External Audit Implementation Effectiveness Relations Between Bank, Public Accountants and
The Audit Committee has reviewed the effectiveness Financial Services Authority
of the audit work, including ensuring its conformity to As the audited, Danamon openly provides data and
the applicable audit provisions, professional standards, information that the Public Accountants and/or Public
work agreements scope, and independency. The Audit Accounting Firms may need in conducting the audit.
MANAGEMENT REPORT
Committee periodically holds meetings with Public Auditors (Public Accountants and/or Public Accounting
Accountants and/or Public Accountant Firms to discuss Firms) independently do examinations and give
progress made in the audit work and how audit matters suggestions and recommendations for improvements
were being examined. to Danamon’s Management for immediate follow-ups.
Audits carried out by a Public Accountant and/or a Public The Bank has communicated and cooperated with
Accounting Firm on Danamon’s consolidated financial external auditors on issues on accounting policies
statements have been carried out independently, pertaining to fair presentation of financial statements.
professionally and objectively, as elaborated below:: The audit results have been communicated by
a. All material accounts have been audited based Public Accountant and/or Public Accounting Firm to
COMPANY PROFILE
on applicable Professional Standards for Public Management, the Audit Committee and the Financial
Accountants and compliance with applicable Services Authority.
Accounting Standards in Indonesia;
b. The audited consolidated financial statements
have been delivered to Management with attached
recommendations (if any).
Evaluations on annual historical financial information
are made by the Audit Committee for AP and/or KAP
DISCUSSION & ANALYSIS
through the following:
1. The conformity of audit by AP and/or KAP’s to all
MANAGEMENT
applicable audit standards;
2. The adequacy of time for field work;
3. Review of the scope of services rendered and the
adequacy of samples used; and
4. Recommendations for improvement suggested by
the AP/KAP.
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 443
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CORPORATE
GOVERNANCE
RISK MANAGEMENT
Danamon continuously improves risk management a. Risk Oversight Committee
implementation within the Bank and its Subsidiaries With the highest authority at the Board of
to be in line with regulation development, risk and Commissioners level, this committee functions
business complexity. Risk management implementation as a supervisory board to monitor and provide
is intended to identify, measure, monitor and control recommendations to the Board of Commissioners
various potential risks in all lines of business and related to the evaluation of risk management policy
supporting units. and its implementation, evaluate the execution of
duties of Board of Directors, Risk Management
Implementation of Risk Management Committee and risk management working unit.
The approach taken in supporting the effective Moreover, the Committee is formed to provide
implementation of risk management is to carry out independent professional opinion to the BOC and
a holistic approach to manage Danamon’s risks in a recommendation actions to the BOD in order to
comprehensive manner that includes 4 pillars, namely: further strengthen the risk management framework.
a. Active supervision of Board of Directors and Board
of Commissioners b. Risk Management Committee
b. Adequacy of risk management policies and This committee is at the Board of Directors level
procedures as well as risk limit setup. and is responsible for evaluating and providing
c. Adequacy of risk identification, measurement, recommendations to the President Director and
monitoring, and control process as well as risk Board of Directors related to the risk management
management information system strategy, policy development, implementation of the
d. Internal Control System overall risk management process, and evaluation of
significant risk issues.
This is in line with the practice in the banking industry
and in accordance with prevailing regulation of Financial Risk Management Committee oversees 2 (two) Sub-
Services Authority (OJK). Committees as follows:
• Credit Policy Sub-Committee
Danamon has a Risk Management function that is The main role of Credit Policy Sub-Committee is
centralized and independent from Risk Taking Unit to review, provide inputs, monitor, and evaluate
(RTU). The Risk Management function includes the on matters related to the development and
management of the main inherent risks in the Danamon’s implementation of Credit Risk Policy.
and Subsidiaries’ activities. The implementation of
the risk management function is carried out by Risk
Management Directorate. Danamon and Subsidiaries, • Information Disclosure Sub-Committee
both individually and consolidated, have applied Risk Information Disclosure Sub-Committee is
Management consistently to manage risk exposures established in order to comply with MUFG Bank
in their business activities. Specific discussion on the requirement to ensure that the Sub-Committee has
implementation of risk management is disclosed in the reviewed, deliberated and concluded the accuracy
Risk Management Operational Review in the Danamon’s and appropriateness of financial reporting. In
Annual Report. addition, the sub-committee need to ensure that
the framework for internal control over financial
Supervision of Board of Directors and Board of reporting has been properly designed and
Commissioners enhanced.
The Board of Commissioners (BOC) and Board of
Directors (BOD) actively supervise the implementation
of risk management through the committees
444 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
PROVISION OF FUNDS TO
RELATED PARTIES AND LARGE
EXPOSURES
MANAGEMENT REPORT
Provision of Funds
No. Nominal (Million
Provision of Funds Debtors
Rp)
1 Related Parties Subsidiaries and Core Management 2,410,203.76
2 Largest Group/Debtor 20 Groups 52,978,044.80
COMPANY PROFILE
Danamon limits the concentration of loans to The calculation of LLL refers to OJK Regulation No.32/
individuals, groups or industry sectors in order to POJK.03/2018 concerning Maximum Lending Limits
reduce Concentration Risk to certain parties which is and Provision of Large Funds for Commercial Banks
one of the causes of bank business failure. Provision and OJK Regulation No.38/POJK.03/2019 concerning
of funds to related parties and Subsidiaries is carried Amendments to OJK Regulation No.32/POJK.03/2018
out at arm’s length and in accordance with applicable concerning Maximum Lending Limits and Provision of
regulations and must obtain Compliance Review Results Large Funds for Commercial Banks.
(HKK) from the Compliance Working Unit and approval
from the Board of Commissioners. The implementation of Risk Management is described
DISCUSSION & ANALYSIS
in full in the Management section of this Annual Report.
During 2023, there were no violations or exceedances
MANAGEMENT
of LLL to Related Parties, Non-Related Parties both
Individuals and Borrower Groups and State-Owned
Enterprises.
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 445
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CORPORATE
GOVERNANCE
INTERNAL
CONTROL SYSTEM
Internal Control is an integrated methodology, policy, procedure, and organizational setting that aimed to identify,
measure, monitor, and control risks arise from Danamon’s and Subsidiaries’ activities with a risk-based approach.
Danamon’s and Subsidiaries’ internal control is conducted covering all aspects of business both from the Assets and
Liabilities sides.
Risk Management and Internal Control framework in Danamon adopts Three Lines of Defense approach as shown
in diagram below:
THREE LINES OF DEFENSE
Board of Commissioners Supervision
Board of Directors Supervision
First Line of Defense Second Line of Defense Third Line of Defense
• Line of Business • Risk Management Directorate • Internal Audit Working Unit (SKAI)
• Operational Working Units • Regulatory Compliance Division
• Other Supporting Working Units
Line of business, operational working units Risk Management Directorate and Regulatory Internal Audit Working Unit has a role as the
and other supporting working units are Compliance Division have a role as the Second Third Line of Defense that is responsible for
the First Line of Defense that responsible Line of Defense to perform risk monitoring evaluating risk management, internal control,
to conduct daily risk management in each function independently. and governance process implementation
working unit. conducted by the First and Second Line of
Defense.
All lines of defense should be responsible for the internal In principle, internal control is not only the task of the
control management of each respective working unit Quality Assurance function, but it is the duties and
in Danamon and Subsidiaries. Furthermore, Quality responsibilities of the entire working unit in Danamon.
Assurance function in the first line of defense (business
unit/supporting function) has been established to Evaluation of Effectiveness Level on Internal
evaluate the implementation of internal control by Control System
the unit. The Internal Audit Working Unit (SKAI) which is part of
Internal Control System conducts audits to ensure the
Assessment to each working unit have been carried out effectiveness of Danamon’s internal control, through an
periodically. The implementation of quality assurance is independent and objective evaluation of the adequacy
regulated in the procedure (SOP) based on Danamon’s and compliance with policies, procedures, and systems.
Quality Assurance Policy/Framework. The result of evaluation over implementation of internal
control system is one of the reference for management
Awareness program on internal control in working units to determine the effectiveness of the internal control
has been routinely carried out as well by the Quality system implementation and perform improvements,
Assurance function. among others, in the form of updating policies/
procedures/ systems.
446 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
LEGAL ISSUES AND MATERIAL CASES
FACES BY THE COMPANY,
ITS SUBSIDIARIES, MEMBERS OF
MANAGEMENT REPORT
THE BOARD OF DIRECTORS AND/OR
COMMISSIONERS
Legal issues both civil and criminal cases faced by Danamon and its Subsidiaries during that reporting year and
submitted to the court process.
COMPANY PROFILE
Legal Cases which Involving Danamon
Amount of Cases
Cases Faced by Danamon Impact on the Condition of Danamon
Civil Criminal
Has been settled 154 19 Case that has no financial impact on Danamon
(valid and binding)
In settlement process 173 22 Legal process have not been final thus have not
creating any obligation to Danamon
Note:
All civil and criminal cases faced by Danamon during the reporting year have been been submitted to the court and investigation processes. The
DISCUSSION & ANALYSIS
recapitulation of total cases in 2023 was the same as data as of per December 2023.
Legal issues Involving the Board of Commissioners and the Board of Directors Members
MANAGEMENT
Amount of Cases
Legal Issues Faced by Members of the Board of
Impact on the Condition of Danamon
Commissioners and Directors Civil Criminal
Has been settled - - None
(valid and binding)
In settlement process - - None
Legal issues Involving Subsidiaries
OPERATIONAL REVIEW
Amount of Cases
Legal issues Involving
Impacts on the Condition of Subsidiary
PT Adira Dinamika Multi Finance Tbk Civil Criminal
Has been settled - - None
(valid and binding)
In settlement process - - None
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 447
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CORPORATE
GOVERNANCE
LEGAL CASES
AGAINST DANAMON
The following are legal cases against Danamon during The South Jakarta District Court has issued a verdict that
2023. All of these legal cases that continued from the rejects all of the Customer’s claims. The customer then
previous years along with their current legal status. filed an appeal through the Jakarta High Court where
the court ruled in favor of the customer and ordered
Civil Case against Laverde Residence Danamon to pay a compensation of Rp18,000,000,000.
Mortgage Debtor Based on the verdict, Danamon submitted a cassation
The plaintiffs were buyers of houses/shop houses at request, and the Supreme Court issued a verdict in
Laverde Residence (North Serpong, South Tangerang) favor of the High Court’s decision.
developed by PT Cowell Development Tbk., as the
developer. The plaintiffs were debtors to whom After consideration on input from various parties
Danamon had issued mortgage facility. The debtors (including legal advice), Danamon Management decided
filed a civil lawsuit because the developer did not to implement the verdict at the cassation level.
immediately break the master land certificate for the
houses they purchased. Civil Case against PT Fireworks Ventures Ltd
The plaintiff (PT Fireworks Ventures Ltd) was the
The debtors claimed a total compensation of purchaser of the receivables on PT Griya Wijaya Prestige
Rp221,336,339,188 from Danamon and requests for (portion of PDFCI Bank’s receivables based on the 1995
confiscation of collateral for the Bank Danamon head syndicated credit agreement) from PT Millennium
office building in South Jakarta, and Bank Danamon Atlantic Securities in 2005. Previously, PT Millennium
other buildings one in Matraman, East Jakarta and Atlantic Securities purchased the receivables from the
another one in Alam Sutera, South Tangerang. National Banking Restructuring Agency (“BPPN”) in
2004. Under this syndication agreement, PDFCI Bank
During the examination process, the District Court and also acts as both facility and collateral agents.
High Court annulled the debtors’ lawsuit and until the
specified time limit, the debtors had not filed an appeal PDFCI Bank merged into Danamon in 1998.
against the verdicts through cassation. This means
that the decision has permanent legal force (in January PT Fireworks Ventures Ltd filed a lawsuit because
2023). Danamon (in its capacity as collateral agent based
on the syndicated credit agreement) did not submit
Civil Case filed by PT Bidakara Taruma Sakti a credit guarantee certificate (which was provided by
PT Bidakara Taruma Sakti (“Customer”) was a customer PT Griya Wijaya Prestige) when Danamon’s (ex-Bank
of Danamon who filed a lawsuit for the damage it PDFCI) portion of the bill was transferred to BPPN.
claimed to be Danamon;s fault, on the grounds that
Danamon had committed an unlawful act due to the The plaintiff claimed a total compensation of
negligence of its former employees where a third party Rp3,415,699,324,000 and a request for confiscation of
was able to withdraw the Customer’s funds. collateral to be Danamon head office building in South
Jakarta.
The customer claimed a total compensation of
Rp133,941,635,054 and a request for confiscation of The South Jakarta District Court in October 2022 issued
collateral for the Danamon head office building in a verdict stating that the South Jakarta District Court
South Jakarta. had no authority to put this case on trial. The Jakarta
High Court in August 2023 issued a verdict that ruled in
favor of the South Jakarta District Court. As of the date of
this report, there was still no further information about
whether or not the Plaintiff filed an appeal against the
verdict of the Jakarta High Court.
448 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
TRANSPARENCY OF BANK’S FINANCIAL
AND NON-FINANCIAL CONDITION
MANAGEMENT REPORT
Access to company information and data in the form of financial and non-financial condition is regularly disclosed
through mass media, public expose and through analyst briefing forums and websites. Reports on financial and non-
financial condition are prepared and submitted to regulators and other institutions in accordance with applicable
regulations. Reports on financial condition include Quarterly Published Reports, Published Financial Reports, Annual
Reports and non-financial reports include Good Corporate Governance report, information on Products/ Services,
Branch Networks and other non-financial information.
The following are the reports and information that have been disclosed and accessible via Danamon website (www.
danamon.co.id) :
COMPANY PROFILE
Type of Information Publication Content
Financial Information
Consolidated Financial Statements Quarterly Consolidated Financial Statements in accordance with the standard
of Financial Accounting in Indonesia
Published Financial Statements Quarterly Summary of Financial Performance according to OJK
Analyst Presentation Quarterly Key financial and non-financial information
Annual Report Annually Financial and non-financial information, business segments,
DISCUSSION & ANALYSIS
product information, and profit
Non-Financial Information
MANAGEMENT
Product/Service Ad hoc Information on products and services offerings
Branch Network Ad hoc Information on Branch Offices
Management and Ownership Ad hoc Information on the management and ownership structure
GCG related Policies Ad hoc Information on corporate governance policies of Danamon
GCG Report Annually Information on corporate governance implementation of Danamon
and result of corporate governance assessment
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 449
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CORPORATE
GOVERNANCE
REMUNERATION POLICY
Remuneration Policy Preparation Process Performance measurement Associated with
Danamon considers it important to apply good Remuneration
remuneration philosophy and principles to keep To provide fair compensation to each employee,
remuneration levels at Danamon competitive in the Danamon always pays attention and considers the
market that will motivate employees to make the employee work load and skill sets as well as market
best contribution to and support Danamon’s business practices for similar positions.
continuity and mission to become a leading financial
institution in Indonesia. The following guidelines are used to determine the
amount of employee salaries:
The remuneration policy aims to regulate the process 1. Danamon implements a Clean Wage system where
and approach to determining remuneration for it only rewards employee with one salary without
members of the Boards of Directors and Commissioners allowances.
and employees based on their work, contribution to 2. Danamon uses the salary structure as a guide to
Danamon, and equality in the market for the same determine minimum and maximum salaries for a
position. certain level.
3. Payment Reference for a position in the market is
To ensure independency in employee remuneration based on:
in the control unit, each of the employees is given Key - Company business strategy
Performance Indicator (KPI) as a measuring tool for - Benchmark with market for similar positions
their performance that is not related to KPIs in the 4. The amount of employee salaries varies depending
working unit they oversee. on:
- Skill set and competency
Scope of Remuneration Policy and its - Performance
implementation - Experience
This Remuneration Policy applies to all business units - Scarcity of positions in the market
both at the head office and in the regions, including 5. The lowest employee salaries are determined with
Sharia business units. due consideration on the minimum wage set in
areas where the employees are stationed.
Remuneration is associated with risk
In providing remuneration to employees, the Company Based on performance measurements and
considers potential risks that may arise from all types contributions to Danamon each year, eligible employees
of risks. will be rewarded with annual performance bonus.
In the event that a risk arises as a result of the decision Performance bonuses are intended to motivate and
taken, the Company reserves the right to extend the encourage employees to make greater contribution to
deferral period for the variable given. Danamon.
450 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Danamon uses the following guidelines to determine 6. If Danamon executive (Director/Board of
employee performance bonuses: Management) is proven to have committed
1. Pool bonuses for employees and senior management violations such as negligence, fraud, etc. in the
are created based on Danamon’s performance previous year only discovered the following year
achievements against predetermined work plans: and have received a performance bonus, then the
MANAGEMENT REPORT
- Key factor in this is Net Profit after Tax (NPAT) performance bonus can be withdrawn (Claw back).
before restructuring costs.
- The second factors include economic condition, Consultant Regarding Remuneration
government regulations, market, restructuring, Danamon appoints Willis Towers Watson as the
etc. consultant that conducts yearly surveys on salary. The
2. The amount of bonus pool is based on percentage results of the salary survey are used as a reference for
to Net Profit after Tax (NPAT) before restructuring determining employee salaries. Danamon also uses the
costs. services of the same consultant to assist the Bank in
3. Any increase or decrease in bonus pool percentage redesigning compensation for employees.
to NPAT must be decided with due consideration
COMPANY PROFILE
on Danamon’s performance against plans set at the Position and number of parties who are
beginning of the year. Bonus should be distributed Material Risk Takers
based on unit and individual performances. In implementing Financial Services Authority Regulation
No.45/POJK.03/2015 concerning the Implementation
Remuneration Adjustments are linked to of Governance in Providing Remuneration for
Performance and Risk Commercial Banks, Danamon applies the remuneration
Danamon applies the following provisions OJK precautionary principle regarding risks inherent in the
regulation No.45/POJK.03/ 2015 under on executives executives who have the authority to make decisions
appointed as Material Risk Taker (MRT) due to the that can have a significant impact on the bank’s risk
DISCUSSION & ANALYSIS
significant impacts of their decision-making authority profile. Therefore, the Company has determined that
on Danamon’s risk profile, to decide on the executives’ Danamon executives categorized as Material Risk Taker
MANAGEMENT
annual performance bonus (MRT) shall be members of the Boards of Directors and
1. A portion of the annual performance bonus is Management.
deferred for at least a period of 3 years.
2. The deferred portion is divided into cash and shares/ Remuneration of the Nomination and
share-based instruments. Remuneration Committee
3. If a Danamon key executive (Director/Board of The Nomination and Remuneration Committee consists
Management) is dismissed by the Company due 4 members of the Board of Commissioners and 1 key
OPERATIONAL REVIEW
to other matters than errors, negligence or fraud, executive in charge of the Human Resources division.
payment for the deferred portion remains due but
cannot be made any earlier. The total remuneration paid to all members of the
4. The amount of the deferred portion is differentiated Nomination and Remuneration Committee during 2023
based on office ranks. The higher the position was Rp19.1 billion.
level, the larger the deferred portion. The portion
size and deferral schedule are determined by the
Nomination and Remuneration Committee. Remuneration of the Boards of Directors
5. If a Danamon key executive (Director/Board of Commissioners
Management) resigns, the deferred portion that has The remuneration and facilities packages received by
GOVERNANCE
CORPORATE
become due is automatically waived. the Board of Directors and Board of Commissioners
include the remuneration structure and details of
nominal amounts, as given below:
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 451
Page 454
CORPORATE
GOVERNANCE
Amount Received in 1 (one) Year
Directors Board of Commissioners
Types of Remuneration
and Facility 2023 2022 2023 2022
Million Million Million Million
Person Person Person Person
Rp Rp Rp Rp
Salaries, bonuses, routine 9 119,366 10 97,856 6 25,654 10 22,822
allowances, bonuses and other
facilities in the form of non
nature
Other facilities in the form
of nature (housing, health
insurance, etc.) which:
a. possessable 9 2,735 10 2,610 6 1,375 10 1,466
b. not unpossessable 9 8,184 10 8,034 6 1,587 10 1,610
Total 9 130,285 10 108,500 6 28,616 10 25,898
Remuneration of Directors and Board of Commissioners Based on Income Level
Remuneration packages are grouped into levels of income received by members of the Boards of Directors and
Commissioners in 1 (one) year, as given in the table below:
Number of Directors Number of Commissioners
Amount of Remuneration per Person in 1
(one) year)
2023 2022 2023 2022
Above IDR2 billion 9 10 5 5
Above IDR1 billion to IDR2 billion - - 1 3
Above IDR500 million to IDR1 billion - - 2
IDR500 million and below - - - -
Variable Remuneration
Besides fixed remuneration, Danamon also provides variable remuneration to employees in the form of annual
performance bonuses intended as a reward for employee performance and contribution each year and as part of
the Bank’s retention programs or long-term compensation programs that will eventually make the employees as its
key executives key companies willing to continue working at Danamon.
Annual performance bonuses are given to the Directors, Commissioners and eligible employees. The amount of
bonus may change in every fiscal year depending on Danamon’s overall performance, Line of Business/Segment
performance and the performance of each employee.
The long-term compensation program is provided very selectively to Directors and Senior employees proven to have
outstanding performance and/or hold key positions. Providing long-term compensation programs is the prerogative
of the President Director and the Board of Commissioners.
The table below shows the number of Directors, Commissioners and Employees who received variable remuneration
for 1 (one) year and total amount given:
Amount received in 1 (one) year
Variable
Director Commisioner Employees
Remuneration
2023 2022 2023 2022 2023 2022
Million Million Million Million Million Million
Person Person Person Person Person Person
(Rp) (Rp) (Rp) (Rp) (Rp) (Rp)
Total: 9 44,560 10 27,802 6 11,669 10 8,578 5,331 291,388 5,157 247,078
452 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Variable Remuneration Guaranteed Without Conditions
Danamon does not provide variable remuneration that is guaranteed without conditions to prospective members of
its Board of Directors, Board of Commissioners and/or Employees for the first 1 (one) year.
Deferred variable remuneration
MANAGEMENT REPORT
Deferred variable remuneration package consists of cash and/or shares or share-based instruments as has been
implemented pursuant to OJK regulations.
Highest to Lowest Salary Ratio
Salary is employee’s right given and expressed in the form of money as a reward from the Company or employer
to employees which is determined and paid according to a work agreement, contract or regulatory provisions,
including allowances for employees and their immediate families for the work and/or services they provide. The
salaries put in comparison in the salary ratio are the compensation received by members of the Boards of Directors
and Commissioners and employees.
COMPANY PROFILE
Salary Ratio 2023 2022
The highest to lowest employee 161.3 x 111.9 x
The highest to lowest Director 2.5 x 2.4 x
The highest to lowest Commissioner 1.28 x 1.3 x
The highest Director to the highest employee 1.5 x 1.7 x
Stock Options
DISCUSSION & ANALYSIS
Danamon did not issued a share option program for members of its Boards of Directors and Commissioners or
employees throughout 2023.
MANAGEMENT
Termination of Employment and Total Nominal Severance Pay Paid
Employees who are terminated (PHK) are entitled to severance pay. The total nominal severance pay paid is listed
in the table below:
Total Employees
Nominal Amount of Severance Pay Paid per Person in 1 (one) Year
OPERATIONAL REVIEW
2023 2022
Above IDR1 billion 34 45
Above IDR500 million to IDR1 billion 73 57
IDR500 million and below 657 716
Details of the amount of Remuneration given in 1 (one) year
1) Fixed Remuneration and Variable Remuneration;
2) Deferred and non-deferred remuneration; And
3) form of Remuneration given in cash and/or shares or share-based instruments issued by the Bank, as given in the
GOVERNANCE
CORPORATE
table below:
A. Fixed Remuneration *)
1. Cash Rp83,733
2. Shares/share-based instruments issued by the Bank N/A
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 453
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CORPORATE
GOVERNANCE
B. Variable Remuneration*) Not Deferred Deferred
1. Cash Rp55,277 Rp7,329
2. Shares/share-based instruments issued by the Bank N/A 1,412,301 (shares)
Note:
*) Only for MRT and expressed in million rupiah
Quantitative Information
1) total remaining Remuneration that is still deferred, whether exposed to implicit or explicit adjustments;
2) total reduction in Remuneration due to explicit adjustments during the reporting period; And
3) total reduction in Remuneration due to implicit adjustments during the reporting period, as given in the table
below:
Total Deductions During the Reporting
Period
Types of Variable Remuneration Still Deferred * Due to Due to Total
Adjustment Adjustment (A)
Explicit Implicit +
(A) (B) (B)
1. Cash (in million rupiah) Rp11,865 - - -
2. Shares/share-based instruments issued 2,544,209 shares - - -
by the Bank (in shares and with a nominal
value of millions of rupiah which is a
conversion of the shares)
Note: *) Only for MRT and expressed in million rupiah
454 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
BANK’S SHARES BUY BACK
AND BOND BUY BACK
MANAGEMENT REPORT
There was no repurchase of both shares and bonds in 2023.
TRANSACTIONS WITH
CONFLICTS OF INTEREST
No conflict of interest transaction was reported during the course of 2023.
COMPANY PROFILE
Conflict of Interest Transaction is regulated in a Policy for Transactions with Affiliated Parties, Related Parties and
Conflict of Interest Transaction. In cases where such transaction is unavoidable, the involved members of the Boards
of Directors or the Board of Commissioners must refrain from taking part in the transaction review and approval
process.
Name and Position of Name and Position Transaction
Type of
No Official involved in of the Decision Value (Millions of Description
Transaction
Conflict of Interest Maker Rupiah)
DISCUSSION & ANALYSIS
NIL
POLITICAL DONATION
MANAGEMENT
Danamon has a policy that restricts itself from getting involved in political activities, including making donations for
political purpose of any kind. During 2023, Danamon did not make any donation for political activities.
SOCIAL DONATION
Danamon’s social donation is disclosed in the Corporate Social Responsibility section of this Annual Report.
BANK’S STRATEGIC PLAN
OPERATIONAL REVIEW
The Bank’s Strategic Plan is described in the Strategic Review section of the Management Discussion & Analysis
Chapter in this Annual Report.
GOVERNANCE
CORPORATE
CORPORATE DATA
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CORPORATE
GOVERNANCE
INFORMATION ACCESS
Danamon provides easy access and information to stakeholders about Danamon through communication media
such as Press Releases and Analyst Briefing Booklets. In addition, Danamon provides information about products
and services, investor information, office networks, financial reports, annual reports, reports and implementation of
governance and social activities, corporate actions and others made available on its official website at http://www.
danamon. co.id both in Indonesian and English.
In order to improve consumer service and protection, meet the need for information about products and services,
and handle customer and/or prospective customer complaints, Danamon operates a designated communication
media called Hello Danamon. Hello Danamon can be accessed 24/7 at 1-500-090 and via e-mail: hellodanamon@
danamon.co.id, twitter: @hellodanamon.
The public can also contact:
Unit Phone number E-mail
Corporate Secretary (021) 80645000 Ext. 8706; 8794 corporate.secretary@danamon.co.id
Investor Relations (021) 80645000 Ext. 8621; 8611 investor.relations@danamon.co.id
Corporate Communications (021) 80645000 Ext.8301; 8328 corporate.communications@danamon.co.id
INVESTOR RELATIONS
Investor Relations is under direct supervision of the Chief Strategy Officer. The role of Investor Relations includes the
following financial and strategic aspects:
• Deliver regular financial performance updates, business strategies, work plans to the investors/ analysts, other
stakeholders (rating agencies, creditors, regulators) in the form of quarterly performance exposures, meetings,
conferences, and etc.
• Provide adequate, reliable and timely information about Danamon’s corporate actions to each stakeholders.
• Engage in Danamon’s strategic projects, including those dealing with independent consultants.
In performing its duties, Investor Relations works closely with the management, the leaders of each business unit,
Corporate Communications, Integrated Risk, Corporate Secretary and other relevant Divisions.
Information about Danamon’s performance update and strategy can be accessed through the website www.
danamon.co.id.
PROVISION OF INFORMATION TO INVESTORS DURING 2023
Media Frequency Frequency
Analyst presentation/Public expose 2 times Public Expose for media, analysts and senior management to provide final
information on financial and non-financial conditions
Investor Materials 4 times Publication of investor material related to quarterly performance uploaded on
the company website
Financial Statements 4 times Publication of quarterly financial statements in accordance with Bapepam-LK
requirements as a public company
Financial Statements 1 time A comprehensive report to the public and stakeholders on
Danamon’s performance, business and other activities
Roadshow and Conference 1 time Participation in various deal and non-deal road shows organized by well-
known securities companies to give investors, analysts and other stakeholders
insight into the latest information on Danamon’s performance and strategies,
challenges and opportunities
In Person Meetings and Conference Call 19 meetings Meetings with local/ overseas analysts/ investors to provide information on
Danamon’s strategy and performance
456 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
CORPORATE
COMMUNICATIONS
MANAGEMENT REPORT
Corporate Communications Unit is responsible for managing communication between Danamon and public, through
mass media. Corporate Communications contributes to the development of effective, accurate, concise, and reliable
communications with the following scope of objectives and responsibilities:
• Building and maintaining Danamon’s image in society through the function of public relations.
• Carry out the communication function of Danamon’s management to public through mass media, both printed
and electronic media.
• Perform the external communication function, including creating messages, determining the form of
communication, and providing information to third parties.
• Act as the initial point of contact for public who need information about Danamon.
COMPANY PROFILE
SOCIAL MEDIA
Danamon’s official social media and website are:
• Twitter : @danamon, @HelloDanamon (customer service)
• Facebook : Bank Danamon
• Instagram : @mydanamon
• LinkedIn : PT Bank Danamon Indonesia, Tbk.
• YouTube : Bank Danamon
DISCUSSION & ANALYSIS
• Website : www.danamon.co.id
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 457
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CORPORATE
GOVERNANCE
SERVICE EXCELLENCE &
CUSTOMER CARE
In a Hyper Competitive Industry such as banking, Adding to the fanfare was the presence of some
Customer Experience constitutes a business strategy of the Bank’s Directors who personally greeted
that banks can device with trust and confidence in the customers and listened to their voices in the
the importance of Customer Centricity Culture in an Banking Hall in order to build stronger relationships
organization. Not only does a behavior-changing, with them and improve service at the branch.
customer-oriented organizational culture facilitate
product or program development, but also it also - The “Come to Danamon” event was held to introduce
serves as one of the strategic pillars on which to create banking services to the schools that were located
unforgettable moments of end-to-end customer service around the Bank’s branches where education on
experience, which then becomes the Top of Mind of product & service information available at Danamon
customers. A proper implementation of Customer was given to students, teachers and parents to
Centricity has a more specific purpose of pursuing entice them into making Danamon as a partner in
sustainable business growth as it helps to build a strong all financial needs.
positive branding while maintaining good relationships
with the customers that entice them into buying banking - As a compliment to joint business agreement,
products sustainably, and even make the customers a Danamon organized Service Training for
word of mouth amongst their inner circles. Danamoners & Branch Teams that also engaged
the Service Excellence & Customer Care Division
Service transformation with a Customer Centricity that contributed by providing Service Training to
mindset encourages Danamon to make continuous employees of Danamon’s corporate customers
customer-aspired innovations in all products operating in the service sector.
and services in line with their evolving needs and
expectations and the challenges that come with them - Development Program for frontliners in branches
and may change customer behavior. in the form of independent learning with a flexible
approach and updated material with the hope
Towards this end, in building synergy and collaboration that branches would do a lot more than just
among Danamoners, Danamon simultaneously holds a providing services to meet customer standards or
Customer Centricity Culture Kick-Off where it invites the expectations (beyond expectations).
entire Top Down to share a commitment to implement
Service Excellence at all touch points, with Service Channel Improvement
Behavior “I-STAR” (Initiative, Service Oriented, Trusty, In order to increase the effectiveness of CRM (Customer
Accountable & Reliable), to realize Customer Centricity Relationship Management) application used by front
level towards Loyalty & Engagement as a the Bank’s liners an enhancement to the application has been
business fundamental pillar. made using a more user friendly design that makes it
easier for front liners to input information, requests
Channel Experience Management and complaints from customers while also facilitating
As a form of commitment to build a culture of Customer the back office staffs to follow up on customer requests
Centricity to win the hearts of customers and increase and complaints.
business opportunities, the Bank did the following:
In addition, the Bank also runs a process of integrating
- Created special moments for customers with a several systems used by front liners into the CRM
Customer Month program held in September 2023, application, which aims to facilitate front liners in
where the branch team welcomed customers with understanding customer profiles and needs and
a special dress code, greetings, gifts & snacks. providing them with the right services.
458 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Service Achievement
In 2023, Bank Danamon won several awards in the Service sector which included the following:
No. Organizer Name Award Name Award Category Rank
MANAGEMENT REPORT
1 Marketing Research Satisfaction Loyalty and SLE Index 2023 3
Indonesia & Infobank Engagement Award 2023
Loyalty Index 2023 2
Engagement Index 2023 2
Marketing Engagement Index 2023 3
Satisfaction Index 2023 1
Satisfaction Index 2023 Customer Service 1
Satisfaction Index 2023 Teller 1
2023 Branch Office Satisfaction Index 3
COMPANY PROFILE
Satisfaction Index 2023 ATM 3
Satisfaction Index 2023 Mobile Banking 2
2 Marketing Research Banking Service Excellence 10 consecutive years of excellent service Platinum
Indonesia & Infobank Recognition 2023
Performs Teller 2
Best Sms Banking Performance 1
Best Performance for Opening an Account
via Website
1
DISCUSSION & ANALYSIS
Priority Bank Service Performance 2
MANAGEMENT
Priority Staff Performance 2
Best Performance in Convenient Priority
Branch 1
3 SWA – Business Digest SWA – Business Digest Indonesia Customer Service Champions 2023
Very Good
Championship
OPERATIONAL REVIEW
HELLO DANAMON
As an information service center, Hello Danamon operates 24/7 to answer the needs of each customer, and manages
interactions with customers at 1-500-090, Twitter @hellodanamon, e-mail: hellodanamon@danamon.co.id, and live
chat information service via WhatsApp at 08581 1500 090.
Hello Danamon is a designated channel for customers where they can get all the information they may need about
products & services and voice their complaints. Therefore, to maintain system stability and ensure customer comfort,
the system’s process is periodically upgraded for more seamless operational process when serving customers
through Hello Danamon.
GOVERNANCE
CORPORATE
To improve service quality and provide the best customer solutions, the agents of Hello Danamon are given ongoing
trainings. Also, to increase their passion and give motivation, an award program is held every month where it selects
and puts on the Wallboard a Star of the Month from amongst the Agents and Team Leaders who succeed in delivering
their best performance.
CORPORATE DATA
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CORPORATE
GOVERNANCE
The Video Banking service, which helps customers verify account openings online via D-Bank Registration, has
made significant improvements to the customer verification process that utilizes the Face Recognition and Liveness
Detection feature. It is expected that the improvement can better meet customer expectations as the feature
combines speed, security and comfort.
Bank Danamon has gone even further by making improvements to its Autocorrect feature, which aims to provide
optimal support to Correspondence Agents and makes typing words a lot easier to improve accuracy in writing
e-mails. This is a concrete step that reflects Bank Danamon’s commitment to continue improving Agent work tools
that make correspondence process even more efficient.
During 2023, Bank Danamon recorded 24,825 customer complaints and 96.19% of these complaints have been
resolved in accordance with established standard procedures.
Settled In Process
No Types of Financial Transactions Total Complaints
Total Percentage Total Percentage
1 Fund Raising 1,915 7.71% 2 0.01% 1,917
2 Fund Disbursement 66 0.27% 0.00% 66
3 Cooperation Products 126 0.51% 0.00% 126
4 Payment System 21,773 87.71% 943 3.80% 22,716
Total 23,880 96.19% 945 3.81% 24,825
Total Complaints and Percentage of Settlement
Year Number of complaints Number of Complaints Resolved Completion Percentage
2023 24,825 23,880 96.19%
460 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
CORPORATE CULTURE
Corporate culture is a set of norms that serves as To support the outreach programs, the management
behavior and attitude guidelines for all employees and and all employees put to work their shared commitment
MANAGEMENT REPORT
members of the Boards of Directors and Commissioners to collaborate under the Danamon Rumah Kita
of Danamon in discharging their respective duties and umbrella theme. The collaboration has a more specific
responsibilities to realize Danamon’s stated Vision and purpose, which is to bring together all of Diamond’s
Mission. organizational bodies as one solid team where they
support each other in applying the corporate values.
“Corporate Values” is a set of values upheld by the The Company also hosts Danamon Innovation Race,
Company as it moves forward on a journey towards an internal contest themed ‘How to Strengthen Our
realizing its stated vision and mission. Corporate Values’. Another corporate culture agenda is
the BISA Medal Program that appraises employees who
Danamon’s Corporate Values consist of Collaborating, have demonstrated BISA attitudes and behavior in their
COMPANY PROFILE
Integrity, Eager to serve and Adaptive, or BISA in short. day-to-day work.
• Collaborate Diamond strengthens its corporate branding with a
Aligning diverse sources as a strength to achieve unique Employee Values Proposition (EVP), which has
common goals. This involves working towards a been specifically developed to manifest its commitment
common goal with a sense of belonging and mutual to the employees by giving back values as a reward for
respect. their shown contribution to the Company.
• Integrity The Company’s EVP is known as GROW, which simply
DISCUSSION & ANALYSIS
Placing priority on professionalism, transparency, means “Growing” and stands for:
responsibility and ethics as guidelines for consistent
MANAGEMENT
performance. This involves acting responsibly, 1. Global Exposure
openly, and fairly. Danamon is committed to offering me global
exposure and experience through business
• Eager to Serve collaboration and knowledge sharing on best
Eager to give fast and the best possible services with business practices.
great accuracy. This involves customer-oriented and
value-adding approaches while always delivering I will use my expertise and skills as an opportunity to
OPERATIONAL REVIEW
the best. drive innovations so I can do my part in supporting
the Bank’s sustainable growth.
• Adaptive
Making continuous self-adjustments and self- 2. Rise to Excellence
improvements in order to be the best. This involves Danamon has aspirations to build a supportive
acting responsively, competitively, and innovatively. and collaborative work environment, which in turn
inspires me to bring new ideas and make a significant
Danamon has communicated its corporate values contribution with my outstanding performance.
internally through a designated series of outreach
programs, from raising employee awareness, describing 3. Own Your Future
GOVERNANCE
CORPORATE
the expected behaviors and attitude from each of Danamon encourages me to pursue both my
the values, organizing appreciation program for personal and professional growths with various
employees who have lived up to the corporate values competency development opportunities that
and become a role model for their fellow employees, support my commitment to build a future career.
incorporating the values into training programs, and
onto making the alignments of the Code of Conduct,
internal Human Capital provisions on recruitment,
performance appraisals, work culture programs,
education and training, etc.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 461
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CORPORATE
GOVERNANCE
4. Wellness & Wellbeing (Reach Prosperity)
Danamon is sincerely concerned about my health and wellbeing; and as part of the Danamon family and a
manifestation of social responsibility, together we support and protect the social community.
Diamond hopes that both its corporate values and EVP commitment can strengthen employee engagement and
increase their productivity while attracting external talents, consistent with Danamon’s stated mission of becoming
the Top Employer of Choice.
CODE OF CONDUCT
Danamon’s Code of Conduct is an ethical value that refers to the vision, mission and values of the corporate culture.
The code of conduct becomes a guideline of conduct for all management (Board of Directors, Board of Commissioners,
Sharia Supervisory Board, including but not limited to parties outside of Danamon who are members of the Audit
committee or Risk Management Committee) and employees in conducting daily tasks and establishing relationship
with customers, colleagues and third parties. The code of conduct is expected to support the business continuity and
reputation of Danamon.
The Code of Conduct Statement Applies at All Levels of Corporate Organization
Management and employees without exception, must know, understand, obey, and implement the Danamon Code
of Conduct. The Code of Conduct is binding and therefore violation of the Code of Conduct may be subject to
sanctions of either administrative, civil or criminal in accordance with the applicable provisions and procedures.
Consequences of violation of the Code of Conduct will be sanctioned up to termination of employment.
The Code of Conduct includes behavioral guidelines regarding Anti-Fraud, Conflict of Interest, Information
Management, Anti-Money Laundering and Terrorism Financing Prevention, and the Company’s Business Ethics.
The Code of Conduct is also the basis for the Company in formulating internal provisions and policies.
To ensure the enforcement of the Code of Conduct at all levels, Management and Employees, without exception,
are required to know, understand, comply with, and implement Danamon’s Code of Conduct. Every year,
Management and Employees convey their commitment to the Code of Conduct by filling out an annual statement.
Updating the content and implementation of the Code of Conduct is carried out continuously by the Company,
both through socialization and periodic review of the contents of the Code of Conduct.
The Code of Conduct is binding and therefore violations of the Code of Conduct may be subject to sanctions
either administrative, civil or criminal in accordance with applicable provisions and procedures. In the context
of employment, violations of the Code of Conduct have the consequence of sanctions up to termination of
employment.
SANCTIONS IMPOSED DURING 2023
Type of Sanctions Number of Employees
Termination of Employment 49
Warning Letter I 141
Warning Letter II 8
Warning Letter III 40
Reprimand Letter 126
Total 364
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HIGHLIGHTS
FINANCIAL
ANTI-BRIBERY AND
ANTI-CORRUPTION POLICY
MANAGEMENT REPORT
In running its banking operations, Danamon is d. Making political contributions on own behalf or on
inseparable from the intertwined relationships and behalf of Danamon.
interactions with customers and other stakeholders.
As a member of the MUFG Financial Group, Danamon e. Providing job offers or job opportunities to
has a firm commitment to carry out a transparent candidates with the intention that Danamon
and responsible business management that not can unlawfully obtain business advantage or
only adheres to ethical business practices but also opportunity.
complies with all applicable regulatory provisions.
Danamon embraces the principles and policies of zero Danamon has also established a compliance program for
tolerance for acts of bribery and corruption including the implementation of the Anti-Bribery and Corruption
COMPANY PROFILE
any ill-intentioned attempt to use gifts, entertainment, Policy through the following control processes:
hospitality or other inducements to make unmerited • Periodic risk assessment and risk control for acts of
gains or practice a dishonest business. bribery and corruption;
• Due diligence and supervision of third-party service
To support its commitment to anti-bribery and providers acting on behalf of Danamon;
corruption and share insight to the importance of a firm • Assessment review of gifts, hospitality, job offers,
attitude in handling and overcoming acts of bribery and donations, sponsorships and honorariums;
corruption, Danamon has in place an Anti-Bribery and • Evaluation and management of risks associated
Corruption Policy. This policy has been prepared with with business transactions.
DISCUSSION & ANALYSIS
reference to Danamon’s values and code of conduct,
laws and regulation as well as global practices of the During 2023, Danamon carried out outreach programs
MANAGEMENT
MUFG Financial Group. periodically for Management and all Employees and
made the implementation of the Anti-Bribery and
Danamon’s Anti-Bribery and Corruption Policy forbids Corruption Policy available on its official website for the
all forms of bribery and corruption, as described below: public to access.
a. Offering, promise and/or give (anything of value The Anti-Bribery and Corruption Policy has been
either directly or indirectly to anyone with the accommodated in Danamon’s code of conduct to address
OPERATIONAL REVIEW
intention of making unmerited business gains or the issue of bribery and corruption. As a commitment
benefits. to this policy, Danamon makes it compulsory for the
management and employees to sign a code of conduct
b. Requesting and/or receiving anything of value Declaration periodically. Danamon has also optimized
either directly or indirectly from anyone that is its Whistleblowing System as a reporting channel for
intended to persuade Danamon’s Management any alleged violation, including corruption.
and/or employees to do inappropriate actions on
behalf of Danamon.
c. Forgery or conceal books, records or Danamon’s
GOVERNANCE
CORPORATE
other corporate data about business activities,
customers, service providers, vendors, suppliers or
other business partners. Every expenditure must be
recorded transparently with verifiable supporting
documents to prevent misuse of the financial
records as a device to conceal acts of bribery and
corruption.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 463
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CORPORATE
GOVERNANCE
ANTI-FRAUD POLICY
Danamon is committed to upholding a “Zero Tolerance electronic learning module that all Danamon
for Fraud” principles. Strict sanctions are administered employees must partake in.
to perpetrators of fraud in accordance with applicable • Danamon utilizes a Whistleblowing System (WBS)
regulations. Danamon actively participates in upholding channel provided by an independent party. The
an anti-fraud culture with the following principles: identity of the reporter is guaranteed confidentiality.
• Management actively watches out for risks of fraud This channel is disseminated every month via e-mail
by setting a maximum tolerance threshold for fraud blasts to all Danamon employees.
losses in its Risk Appetite Statement parameters, • All Danamon employees are encouraged to make
through escalation of information on fraud use of a “Speak-Up” culture and to emmediately
incidents to the Directors and Commissioners, then speak up if they find evidence, indications, or
the Directors and Commissioners provide direction suspect any kind of fraud, including violations of
for handling, mitigation, control and corrective Danamon’s code of conduct, procedures, rules, and
steps followed by regular monitoring through regulations.
existing committees, namely the Risk Management • Implementing four pillars of anti-fraud strategy,
Committee, Audit Committee, and Risk Oversight namely: prevention; detection; investigation,
Committee, by intensifying anti-fraud awareness reporting, and sanctions; and monitoring,
campaigns, and by intensifying any strict sanctions evaluation, and follow-up.
for those that have perpetrated fraud. • Strengthening aspects of risk management that
• All Danamon employees and members of focus on fraud control including fraud identification,
management are required to sign an Anti-Fraud escalation, mitigation, and handling fraudsters.
Integrity Pact that is part of an Anti-Fraud Awareness
INTERNAL FRAUD
Internal fraud is the fraud carried out by the management, permanent employees, and non-permanent employees
(honorary and outsourced personnel) related to work processes and operational activities. The table below is the
number of internal fraud cases with financial impact of more than IDR100,000,000 (one hundred million rupiah):
Total Cases Involving
Management Permanent Employees Non-Permanent Employees
Internal Fraud
2023 2022 2021 2023 2022 2021 2023 2022 2021
Total internal fraud - - - 6 7 7 - - -
Completed - - - 1 7 7 - - -
In Internal Process - - - 5 - - - - -
Pending Process - - - - - - - - -
Followed up through Legal action - - - - - - - - -
464 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
WHISTLEBLOWING
SYSTEM
MANAGEMENT REPORT
The Whistleblowing System is a designated - Postal Address: KPMG Siddharta Advisory –
communication channel for whistleblowers/ reporters EthicsLine BDI Astra Tower Floor 21, Jl. Jenderal
to report incidents or alleged violations such as frauds, Sudirman 5-6, Jakarta 10220
policy violations, bribery/borrowing money from
customers, sexual harassment, theft/embezzlement, Danamon provides reporting facilities that are easily
fraudulent financial statements, unlawful actions accessible through several communication channels,
and other violations of the code of conduct that as follows:
involve Danamon employees and/or parties related - E-mail address: danamon-wbs.info@kpmg.com.sg
to Danamon where the identity of the whistleblower - Website: https://danamon-wbs.info/
is kept confidential. The whistleblowing system is - SMS/Whatsapp: 0811-825-2662
COMPANY PROFILE
a form of Danamon’s commitment to support the - Postal Address: KPMG Siddharta Advisory –
implementation of good corporate governance and EthicsLine BDI
business practices that are characterized with integrity. - Astra Tower 21st Floor, Jl. Gen. Sudirman 5-6,
Jakarta 10220
In an effort to build a more independent, transparent,
easy, confidential, protected and monitored Potential Violations by Members of the Board of
whistleblowing reporting system for the whistleblowers, Commissioners and Directors
Danamon engages trustworthy third parties in the Potential or alleged violations by members of the
Danamon Whistleblowing System (WBS). Board of Commissioners or Directors can be reported
DISCUSSION & ANALYSIS
via the above communication channels and will be
escalated to independent bodies other than the
MANAGEMENT
All employees can, in an open responsible manner, complicit, such as the Chair of the Audit Committee
report any frauds or violations presumed to have (Independent Commissioner) or the Chair of the Board
been committed without fear or worry because their of Commissioners.
confidentiality is guaranteed. Danamon will protect
and keep the confidentiality of the whistleblower’s Protection for Whistleblowers
identity. The reports received along with investigation Danamon provides protection to whistleblowers to
results will be registered every month and reported to provide a sense of security for whistleblowers. The
OPERATIONAL REVIEW
Management and the Audit Committee periodically. protection provided to whistleblowers includes:
Any information received trough the whistleblowing a. Protection of the confidentiality of the
channel will be reviewed and followed up by the whistleblower’s identity, including their available
Whistleblowing team authorized by Danamon. contact numbers;
b. Protection against retaliation from the reported or
Whistleblowing Policy other complicit parties;
Danamon has a whistleblower policy that has been c. Protection from pressure, rights as an employee,
communicated internally to all employees through lawsuits, property and even physical abuse;
various media such as: e-mail blast, Danamon Portal, d. Protection is not only for the whistleblower but
and the Danamon website (www.danamon.co.id). can also be extended to their immediate family
GOVERNANCE
CORPORATE
members.
How to Submit Violation Reports
Danamon provides reporting facilities that are easily Danamon also provides legal protection in line with
accessible through several communication channels, applicable laws and regulations. This commitment
as follows: includes protection from criminal and/or civil
- E-mail address: danamon-wbs.info@kpmg.com.sg prosecution, as well as protection of the personal and/
- Website: https://danamon-wbs.info/ or family security of the reporter from physical and/or
- SMS/Whatsapp: 0811-825-2662 mental threats.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 465
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CORPORATE
GOVERNANCE
Handling Violation Reports, Party Authorized to Manage the Reports, and Imposing Sanctions
Danamon appoints an independent third party to manage Danamon’s WBS, including management of follow-up and
complaint administration. The appointed third party will forward the report received to the WBS Danamon team for
evaluation to see whether or not the report should be processed further to the investigation stage or forwarded to
the appropriate party.
Potential violations are investigated by an independent Internal Investigation Team based on the presumption of
innocence and objectivity. The investigation results are used as the basis for decisions to take action and/or impose
sanctions on the wrongdoers proven to have committed violations in accordance with applicable statutory provisions
and regulations and/or in accordance with Danamon’s internal regulations.
Investigation Result Reports are reported to the Board of Directors and Audit Committee periodically.
Complaint Handling Results in 2023
Danamon has received 15 (fifteen) complaint reports via WBS. As of 2023, investigations have been completed on
10 (ten) reports, of which 3 (three) reports were proven to be fraud/violation of procedures/code of conduct,
7 (seven) were not proven to be fraud/violation of procedures/code of conduct while the remaining 5 (five) were
still under in progress.
Report Status
Settled
Total complaints
received Under investigation
Total settled Proven as Fraud/ Not proven as Fraud/
process
Violation of Procedures/ Violation of Procedures/
Code of Conduct Code of Conduct
15 10 3 7 5
466 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
IMPLEMENTATION OF GCG GUIDELINES
FOR PUBLIC COMPANIES
MANAGEMENT REPORT
The Company continues to implement the Public Company Governance Guidelines, as regulated in POJK No.21/
POJK.04/2015 concerning Implementation of Public Company Governance Guidelines and SEOJK No.32/SEOJK.04/2015
concerning Public Company Governance Guidelines which includes 5 (five) aspects, 8 (eight) principles and 25 (twenty
five) recommendations for implementing governance aspects and principles. The details are as follow:
IMPLEMENTATION OF 25 RECOMMENDATIONS FOR PUBLIC COMPANY GOVERNANCE GUIDELINES
No. Principle Recommendation Explanation
A. Public Company Relations with Shareholders in Guaranteeing Shareholder Rights
1. Increasing the Value of 1.1. Public Companies should have technical Danamon has in place GMS Rules and Regulations
COMPANY PROFILE
Convening a General methods or procedures for voting that govern the convention of GMS including voting
Meeting of Shareholders mechanism, both openly and privately, that mechanism, decision making and vote counting
(GMS) prioritize independency and the interests of that prioritize independency and the interests of
shareholders. shareholders.
All GMS procedures and rules are available
and can be accessed via the Danamon website
(www.danamon.co.id).
Status: Terpenuhi (comply)
1.2. All members of the Board of Directors and The AGMS held on March 31, 2023 complied with
members of the Board of Commissioners of applicable guidelines and procedures.
DISCUSSION & ANALYSIS
Public Companies should attend the Annual
GMS (AGMS). The AGMS was attended by all members of the Board of
Directors and Board of Commissioners with some were
MANAGEMENT
present physically and the remaining virtually.
Status: comply
1.3. The minutes of GMS should be made available Danamon uploaded the Summary of the GMS Minutes
on the Public Company Website for at least 1 on the 2nd (second) working day after the GMS was
(one) year. held.
A summary of the GMS Minutes from 2010 is still
available on the Danamon website, both in Indonesian
and English.
OPERATIONAL REVIEW
Status; comply
2. Improving the Quality of 2.1 Public Companies should have a Danamon has a communications policy that governs the
Communication between communication policy with shareholders or process of providing information to shareholders and
Public Listed Companies investors. the investment community in a reasonable and timely
and Shareholders or manner that allow them to assess Danamon’s strategy,
Investors development, operations and financial performance,
and enable shareholders and the investment
community to be actively involved with Danamon.
Status: comply
2.2 Public Companies should disclose their The Communication Policy is available to the public,
communication policy with shareholders or including Danamon Shareholders or Investors, and can
investors on the Website be accessed via the Danamon website.
GOVERNANCE
Status: comply
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 467
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CORPORATE
GOVERNANCE
IMPLEMENTATION OF 25 RECOMMENDATIONS FOR PUBLIC COMPANY GOVERNANCE GUIDELINES
No. Principle Recommendation Explanation
B. Functions and Roles of the Board of Commissioners
3. Strengthening the 3.1 Public Companies should determine the The number, composition and structure of the Board
Membership and number of members of the Board of of Commissioners have met the provisions and are in
Composition of the Commissioners with due consideration on accordance with the size and complexity of Danamon’s
Board of Commissioners their conditions. business with due consideration on the provisions of
Financial Services Authority Regulation (POJK) No.33/
POJK.04/2014 concerning Directors and Board of
Commissioners of Issuers or Public Companies and
POJK No.34/ POJK.04/2014 concerning Nomination
and Remuneration Committees for Issuers or Public
Companies.
As of 31 December 2023, Danamon’s Board of
Commissioners had of 6 (six) members with 50%
of the Board of Commissioners being Independent
Commissioners. The number of members of the Board
of Commissioners did not exceed the number of
members of the Board of Directors, which was 9 (nine).
Status: comply
3.2 Public Companies should determine the Danamon has a diversity composition policy for
member composition of its Board of members of its Board of Commissioners.
Commissioners with due consideration on The composition and structure of Danamon’s Board of
diversity of skills, knowledge and experience Commissioners have been set with due consideration
required. on the diversity of knowledge, expertise and experience
required to optimize the implementation of the Board
of Commissioners’ oversight function.
Status: comply
4. Improving the Quality of 4.1 The Board of Commissioners should Danamon has a Policy on Performance Assessment
the Implementation of have a self-assessment policy to its own that offers guidance for assessing the Board of
Duties and Responsibilities performance. Commissioners in carrying out its duties and
of the Board of responsibilities.
Commissioners
Status: comply
4.2 Public Companies should have the self- Danamon has a policy for performance assessment
assessment policy for assessing the of the Board of Commissioners. The performance
performance of the Board of Commissioners appraisal policy is disclosed in the Annual Report and
disclosed in its Annual Report made available on the Danamon website.
Status: comply
4.3 The Board of Commissioners should have a Members of Danamon’s Board of Commissioners who
policy for the resignation of its members if are involved in financial crimes shall resign from their
they are involved in financial crimes. positions. This obligation to resign is governed in the
Board of Commissioners’ Charter.
Status: comply
4.4 The Board of Commissioners or the Danamon’s Board of Commissioners has a Nomination
Committee that carries out the Nomination Committee and a Remuneration Committee who assist
and Remuneration function should prepares it in carrying out its duties related to the nomination
a succession policy for the process of and remuneration of members of the Board of
nominating members of the Board of Commissioners and members of the Board of Directors
Directors. of Danamon.
Danamon has a Directors Succession Policy to maintain
leadership succession in the future.
Status: comply
468 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
C. Functions and Roles of the Board of Directors
5. Strengthening the 5.1 Public Companies should determine the The number, composition and structure of the Board of
Membership and number of members of the Board of Directors Directors has met the provisions and are in accordance
Composition of the with due consideration on its condition and with the size and complexity of Danamon’s business.
Board of Directors effectiveness in decision making.
As of 31 December 2023, Danamon’s Board of Directors
had 9 (nine) members. The number of members of
MANAGEMENT REPORT
the Board of Directors is greater than the number of
members of the Board of Commissioners.
Status: comply
5.2 The composition of members of the Board Danamon has a diversity policy for members of the
of Directors should be determined with due Board of Directors.
consideration on the diversity, expertise,
knowledge and experience required. The composition and structure of the members of
the Board of Directors have been determined with
due consideration on the knowledge, expertise and
experience in accordance with the Company’s needs to
optimize decision making and improve performance.
Status: comply
COMPANY PROFILE
5.3 Members of the Board of Directors who are Danamon’s Finance Director has a Bachelor’s Degree
in charge of accounting or finance should in Accounting and is a Certified Public Accountant -
have expertise and/or knowledge in the field Indonesia.
of accounting.
Status: comply
6. Improving the Quality of 6.1 The Board of Directors should have a Danamon has a performance assessment policy for
the Implementation of the self-assessment policy to assess its own the Board of Directors as a guideline for assessing the
Duties and Responsibilities performance. effectiveness of the implementation of its duties and
of the Board of Directors responsibilities.
Status: comply
6.2 Public Companies should disclose its Board Danamon has a policy for assessing the performance of
DISCUSSION & ANALYSIS
of Directors’ self-assessment policy in its the Board of Directors. The performance appraisal policy
annual report. is disclosed in the Annual Report and made available on
the Danamon website.
MANAGEMENT
Status: comply
6.3 The Board of Directors should have a policy Members of the Board of Directors who are involved in
for the resignation of members of its Board financial crimes are required to resign. This obligation to
of Directors if they are involved in financial resign is govern in the Board of Directors Charter.
crimes.
Status: comply
D. Stakeholder Participation
7. Improving Corporate 7.1 Public Companies should have policy for In an effort to prevent Insider Trading from occurring,
Governance Aspects insider trading prevention. Danamon has a Private Securities Trading Management
OPERATIONAL REVIEW
through Stakeholder (PEP) and Material Non-Public Information (IMNP)
Participation Policy.
Status: comply
7.2 Public Companies should have anti-corruption Danamon has a Code of Conduct that prohibits its
and anti-fraud policies. management and employees from committing bribery
and corruption of any form. Besides, Danamon also has
and continually updates its Anti-Bribery and Corruption
Policy that governs the prohibition of bribery and
corruption for all management and employees.
Bank Danamon has an Anti-Fraud Management Policy
which sets out fraud risk management strategies.
GOVERNANCE
Status: comply
CORPORATE
7.3 Public Companies should have a policy for Danamon has a Procurement Policy which governs
the selection and improvement of supplier or restrictions and ethics in dealing with business partners
vendor capabilities. or vendors in the procurement of goods and services.
This policy is available and disclosed on the Danamon
website.
Status: comply
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 469
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CORPORATE
GOVERNANCE
IMPLEMENTATION OF 25 RECOMMENDATIONS FOR PUBLIC COMPANY GOVERNANCE GUIDELINES
No. Principle Recommendation Explanation
7.4 Public Companies should have a policy for The fulfillment of the rights of creditors in the form of
fulfilling creditor rights. depositors (customers who have their fund invested in
the company) is regulated through customer protection
policy and customer service code of conduct which
govern:
- The right to have adequate explanation of the
product characteristics.
- The right to access the terms and conditions of fund
products.
- The convenience of making transactions through
branches, e-banking services or other means
determined by the Bank.
- Entitlement to profits/interest in accordance with
applicable regulations.
- Procedures for handling and resolving customer
complaints
Status: comply
7.5 Public Companies should have a policy for Danamon has an Anti-Fraud Management Policy
whistleblowing system. and Framework as well as a Fraud Handling Policy
which govern the whistleblowing system. Danamon’s
whistleblowing system is managed by a trustworthy third
party to ensure independency in its implementation.
Status: comply
7.6 Public Companies should have a policy for the Danamon has a Remuneration Policy. Details on the
provision of long-term incentives for its Board Remuneration policy are disclosed in this Annual
of Directors and employees. Report.
Status: comply
E. Information Disclosure
8. Improving the 8.1 Public Companies should use of information Danamon continues to improve information
Implementation of technology more widely besides its official disclosure media, including on the website, to provide
Information Disclosure websites as a medium for information opportunities for shareholders and other stakeholders
disclosure. to easily access information about Danamon.
Status: comply
8.2 Public Companies should have its ultimate The Annual Report discloses the main and controlling
beneficial owner share ownership of at least shareholders, the 20 largest shareholders, as well as
5% (five percent) disclosed in its Annual the profile of shareholder groups with more than 5%
Report, in addition to disclosing the ultimate (five percent).
beneficial owner in the Public Company share
ownership through the main and controlling Status: comply
shareholders.
STATEMENT OF IMPLEMENTATION OF GOOD GOVERNANCE PRINCIPLES
In running its banking business, Danamon has implemented the principles of good corporate governance and
stayed committed to continuing to implement good corporate governance practices in a transparent, accountable,
responsible, independent manner, with due attention on equality fairness in a just and sustainable manner in order
for the Bank to realize its stated banking business plans. During 2023, there were no material violations of applicable
laws and regulations.
470 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
471
GOVERNANCE
2023 ANNUAL REPORT
PT BANK DANAMON INDONESIA TBK
INTEGRATED
CORPORATE MANAGEMENT FINANCIAL
CORPORATE DATA OPERATIONAL REVIEW COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE DISCUSSION & ANALYSIS
Page 474
CORPORATE
GOVERNANCE
REPORT OF INTEGRATED
GOVERNANCE IMPLEMENTATION
Danamon implements its Integrated Governance PRINCIPLES OF INTEGRATED GOVERNANCE OF
(TKT) based on POJK No.18/ POJK.03/2014 dated IMPLEMENTATION OF THE MUFG GROUP FINANCIAL
November18, 2014 on the Implementation of CONGLOMERATION
Integrated Governance for Financial Conglomerates
and SEOJK No.15/SEOJK.03/2015 dated May, 25 2015 Transparency Principle
on the Implementation of Integrated Governance a. The Main Entity and LJK in the MUFG Group Financial
for Financial Conglomerates and POJK No.45/ Conglomeration are obliged to disclose material and
POJK.03/ 2020 dated October 16, 2020 on Financial relevant information in a clear, accurate and timely
Conglomerates. All the provisions govern the formation as well as comparable manner while also easy for
of a Financial Conglomerate, the appointment of the the shareholders and stakeholders to access.
Main Entity (EU) therein, a comprehensive and effective b. The transparency principle adopted by the Main
TKT implementation, and mandatory preparation of Entity and LJK in the MUFG Group Financial
Corporate Charter by the Main Entity. Conglomeration does not reduce the obligation to
comply with bank and/or company confidentiality
Danamon has been appointed as the Main Entity in the provisions pursuant to applicable laws and
MUFG Group Financial Conglomeration by MUFG Bank, regulations, restrictions on position secrecy and
Ltd as Danamon’s Controlling Shareholder. As the Main personal rights.
Entity in the MUFG Group Financial Conglomeration,
Danamon prepares the TKT Implementation Report as Principle of Accountability
governed in the above provisions. a. The Main Entity and LJK in the MUFG Group
Financial Conglomeration shall determine clear
Danamon always applies the principles of good responsibilities for each of its organizational bodies
corporate governance in order to make continuous consistent with the Company’s vision, mission,
improvements in the quality of its integrated business targets and strategy, and ensure that
governance implementation. Adaptation is one of all those organizational bodies have competence
the most important factors in facing various changes depending on their respective accountabilities.
within all Financial Services Institutions (LJK) in the b. The Main Entity and LJK in the MUFG Group Financial
MUFG Group Financial Conglomeration. The adaptation Conglomeration shall ensure that there is a check
process carried out by LJK within the MUFG Group and balance system in Company management.
Financial Conglomeration always applies the principles All levels of the company organization have
of good corporate governance to ensure continuous performance measures based on agreed measures,
improvements in the quality of its integrated governance and shall be consistent with corporate values,
implementation. business targets and Company strategy.
By implementing good TKT, the MUFG Group Financial Principle of Responsibility
Conglomeration hopes to increase added value for all a. The Main Entity and LJK in the MUFG Group Financial
stakeholders and all LJKs in the MUFG Group Financial Conglomeration must adhere to ethical values,
Conglomeration and have strong healthy fundamentals prudential principles, and established laws and
on which to take an active part in the Indonesia’ internal policies in maintaining business continuity.
economic recovery. b. The Main Entity and LJK in the MUFG Group Financial
Conglomeration must act as good corporate citizens
in fulfilling its social responsibilities including
environmental concerns.
472 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
Principle of Independency Fairness Principle
a. The management of the Main Entity and LJK in the a. The Main Entity and LJK in the MUFG Group Financial
MUFG Group Financial Conglomeration shall be Conglomeration shall always attend to the interests
carried out professionally and independently, and is of all stakeholders based on equality and fairness
free from conflicts of interest, influence or pressure (equal treatment).
MANAGEMENT REPORT
from any party that is in violation of laws and b. The Main Entity and LJK in the MUFG Group Financial
regulations, ethical values and principles healthy Conglomeration shall provide opportunities for
business management. all stakeholders to provide input and express
b. In making decisions, the Main Entity and LJK in the opinions in the interests of the Company and have
MUFG Group Financial Conglomeration shall act equal access to information in accordance with the
objectively and free from any pressure from any principle of transparency.
party, and are committed to running their business
with a priority placed on professionalism.
COMPANY PROFILE
MUFG GROUP FINANCIAL CONGLOMERATION
Structure of the MUFG Group Financial Conglomeration
PT Home Credit Indonesia (HCI) became a member of the MUFG Group Financial Conglomeration with MUFG Bank
Ltd acquisition of HCI shares through Krungsri (75%), and PT Adira Dinamika Multi Finance Tbk (9.83%). Danamon
has reported acquisition of HCI to the OJK Financial Conglomeration Supervision Department via letter No.B.693-DIR
dated December 29, 2023 regarding the Report on Changes in Members of the MUFG Group Financial Conglomerate.
DISCUSSION & ANALYSIS
Thus, the organizational structure of the MUFG Group Financial Conglomeration is as follows:
MANAGEMENT
Mitsubishi UFJ Financial Group
(MUFG) Bank, Japan
Outside the
Krungsri
(Bank of Ayudhya) Thailand Region
Indonesia
OPERATIONAL REVIEW
Bank Danamon
MUFG Jakarta Branch
Indonesia
Adira Dinamika Multi Finance
(ADMF)
Indonesia Region
PT Home Credit Indonesia
MUFG Group Financial Conglomeration
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 473
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CORPORATE
GOVERNANCE
Membership Structure
The membership composition of the MUFG Group Financial Conglomeration is as follows.
Position of Financial Relationship with
No. Company Type of Business
Conglomerate Members Danamon
1 PT Bank Danamon Indonesia Tbk Bank Primary Entity -
2 PT Adira Dinamika Multi Finance, Tbk. Financing Company Member Subsidiary
3 MUFG Bank cabang Jakarta Bank Member Related Company
4 PT Home Credit Indonesia Financing Company Member Related Company
SHARE OWNERSHIP STRUCTURE
The share ownership structure in the MUFG Group Financial Conglomeration is as follows:
SHAREHOLDER STRUCTURE
December 31, 2023
MUFG Bank, Ltd. Public
(direct and indirect) [7.53%]
[92.47%] (22,400,000 shares) A Series
(9,038,053,192 shares) B Series (713,099678 shares) B Series
Adira Finance
92.07%
Pemegang Saham as per December 31, 2023
7.53%
MUFG Bank, Ltd.
92.47% (direct and indirect)
Public
Shareholder Composition
Name Total Shares %
MUFG Bank, Ltd. (direct and indirect) 9,038,053,192 92.47
Public 735,499,678 7.53
Total 9,773,552,870 100.00
474 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
OWNERSHIP STRUCTURE OF SUBSIDIARY - PT ADIRA DINAMIKA MULTI FINANCE, TBK.
(“ADIRA FINANCE”)
7.93% 92.07%
MANAGEMENT REPORT
Public PT Adira Dinamika Multi Finance Tbk
Ownership Structure of Related Company - MUFG Bank Jakarta Branch
The Bank is a branch office of MUFG Bank, Ltd. Japan (Head Office) and Mitsubishi UFJ Financial Group, Inc. (MUFG)
is the parent entity and main shareholder of the Bank Head Office and subsidiaries.
MANAGEMENT STRUCTURE
All members of the Board of Directors and Board of Commissioners of each MUFG Group Financial Conglomeration
entity have met the criteria of integrity, competence and financial reputation.
COMPANY PROFILE
The following is the management structure of each entity in the MUFG Group Financial Conglomeration as per
December 31, 2023:
MAIN ENTITY MANAGEMENT STRUCTURE
PT Bank Danamon Indonesia Tbk
The composition of the Main Entity’s Board of Commissioners and Directors as of 31 December 2023 is as follows:
DISCUSSION & ANALYSIS
PT Bank Danamon Indonesia Tbk
Board of Commissioners Board of Directors
MANAGEMENT
1. Yasushi Itagaki *)
President Commissioner 1. Daisuke Ejima **)
President Director
2. Halim Alamsyah Vice President Commissioner 2. Honggo Widjojo Kangmasto Vice President Director
(Independent)
3. Peter Benyamin Stok Independent Commissioner 3. Hafid Hadeli Vice President Director
4. Nobuya Kawasaki Commissioner 4. Herry Hykmanto Director
5. Hedy Maria Helena Lapian Independent Commissioner 5. Rita Mirasari Director
6. Dan Harsono Commissioner 6. Dadi Budiana Director
OPERATIONAL REVIEW
7. Muljono Tjandra Director
8. Naoki Mizoguchi Director
9. Thomas Sudarma Director
*)
Effective January 1, 2024 **)
Effective April 1, 2023
The composition of the Board of Commissioners, Sharia Supervisory Board and the Board of Directors of Danamon
as the Main Entity is as stated in the Company Profile Chapter of this Annual Report.
MANAGEMENT STRUCTURE OF SUBSIDIARY
GOVERNANCE
CORPORATE
PT Adira Dinamika Multi Finance, Tbk.
The composition of members of the Boards of Commissioners and Directors of PT Adira Dinamika Multi Finance, Tbk.
as of 31 December 2023 is as follows:
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 475
Page 478
CORPORATE
GOVERNANCE
PT Adira Dinamika Multi Finance, Tbk.
Board of Commissioners Board of Directors
1. Daisuke Ejima President Commissioner 1. I Dewa Made Susila President Director
2. Krisna Wijaya Independent Commissioner 2. Swandajani Gunadi Director
3. Manggi Taruna Habir Independent Commissioner 3. Niko Kurniawan Bonggowarsito Director
4. Eng Heng Nee Philip Commissioner 4. Jin Yoshida Director
5. Congsin Congcar Commissioner 5. Harry Latif Director
6. Hafid Hadeli Commissioner 6. Denny Riza Farib Director
MANAGEMENT STRUCTURE OF RELATED COMPANY
MUFG Bank Jakarta branch
The composition of the members of the Supervisory and Management Board of MUFG Bank Jakarta branch as of
31 December 2023 is as follows:
MUFG Bank Jakarta Branch
Supervisory Board Management
1. Christopher Mark Managing Director (GM), Regional Chief 1. Kazushige Nakajima Country Head of Indonesia
Davies Compliance Officer for Asia and Head of
Compliance Office for Asia (ACO)
2. Andre Painchaud Managing Director of Asia Internal Audit 2. Mahendra Head of Risk and Data Management for
Office (AIAO) Rendiantama Indonesia
3. Yasuhiko Togo Managing Director, Head of Risk 3. Dadi Arief Darmawan Head of HR & Banking Operations for
Management Office for Asia, Chief Risk Indonesia
Officerfor Asia (ARMO)
4. Yukinobu Saeki Managing Director, Head of Planning 4. Yansen Darmaputra Head of Systems for Indonesia
Office for Asia (POA)
5. Tadanobu Hirano Deputy Head of Japanese Corporate
Banking for Indonesia
6. Yuki Hayashi Head of Corporate Investment Banking &
Products for Indonesia
7. Michiyasu Yatabe Head of Internal Control for Indonesia
8. Myreshka Head of Treasury for Indonesia
9. Indro Tri Sutanto Head of Compliance for Indonesia
INTEGRATED GOVERNANCE ORGAN
The MUFG Group Financial Conglomerate has built an integrated governance organ to ensure governance principles
are implemented properly. The integrated governance organs of the MUFG Group Financial Conglomerate are as
follows:
476 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
INTEGRATED GOVERNANCE ORGAN OF THE MUFG GROUP FINANCIAL CONGLOMERATION
Member Entity of
Main Entity MUFG Group
Danamon Financial
MANAGEMENT REPORT
Conglomeration
General Meeting of General Meeting of
Shareholders Shareholders*
Integrated
Governance
Danamon’s Board Committee Member Entity’s Board
of Commissioners of Commissioners*
Sharia Supervisory
Committees of the Board
Board
of Commissioners
COMPANY PROFILE
Committees of the
Board
of Commissioners Audit Committee
Integrated Risk
Audit Committee Danamon’s Board Management Member Entity’s Board
of Directors Committee of Directors*
Committees of the Committees of the Board
Board
DISCUSSION & ANALYSIS
SKMRT Risk Management Function of Directors
of Directors
SKKT Compliance Function
MANAGEMENT
SKAIT Internal Audit Function
Related Functions Related Functions
* can be adjusted to the internal organs of the MUFG Group Financial Conglomeration Member Entities with due consideration on the type of LJK,
corporate needs, Articles of Association and applicable laws and regulations according to each business sector
------> Coordination and Supervision Function
OPERATIONAL REVIEW
Notes:
SKMRT : Integrated Risk Management Unit
SKKT : Integrated Compliance Unit
SKAIT : Integrated Internal Audit Unit
The implementation of the governance organs in each LJK in the MUFG Group Financial Conglomeration, including
the Board of Commissioners Committee and the Board of Directors Committee, is disclosed in the annual report of
each LJK.
INTEGRATED GOVERNANCE POLICY
GOVERNANCE
CORPORATE
The MUFG Group Financial Conglomerate has a TKT Guideline as a Framework of Reference for the implementation
of Governance at Danamon as the Main Entity while also a Framework of Reference for the implementation of
Governance for Subsidiaries and Related Companies in the MUFG Group Financial Conglomeration.
The Bank has updated the MUFG Group Financial Conglomerate’s Integrated Governance Policy on September
20, 2023. The update was carried out following the completion of the liquidation process of PT Adira Quantum
Multifinance that made it no longer listed as a member of the MUFG Group Financial Conglomeration. This Policy
Update can be accessed via the Danamon Corporate Website.
CORPORATE DATA
In connection with the issuance of POJK No. 17 of 2023 dated September 14, 2023 concerning the Implementation of
Governance for Commercial Banks, the Bank is in the process of refining its TKT Policy.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 477
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CORPORATE
GOVERNANCE
The Integrated Governance Policy is prepared by b. The results of the Main Entity’s Board of
the Main Entity’s Board of Directors and approved Commissioners meetings are stated in the
by the Main Entity’s Board of Commissioners after minutes of the meeting and are properly
recommendations from the Governance Committee, documented.
Integrated Governance Committee and Main Entity’s c. (Dissenting opinions) during meetings of the
Board of Commissioners. Main Entity’s Board of Commissioners are clearly
stated in the minutes of the meeting along with
MAIN ENTITY’S BOARD OF COMMISSIONERS their underlying reasons.
The Board of Commissioners of the Main Entity, apart
from having fulfilled the requirements as a member Implementation of Duties and Responsibilities of
of the Bank’s Board of Commissioners, also has an the Board of Commissioners of the Main Entity in
understanding of the main business activities and its 2023
inherent risks in the Financial Conglomeration. The implementation of the duties of the Main
Entity’s Board of Commissioners in overseeing the
The Board had 6 (six) members as of December 31, implementation of TKT is assisted by the TKT Committee.
2023, 3 (three) or 50% of whom were Independent The TKT Committee evaluates the implementation of
Commissioners. the TKT and reports it to the Board of Commissioners.
All members of the Main Entity’s Board of Commissioners During 2023, the Board of Commissioners of the Main
have passed the fit and proper test from the Financial Entity held 6 (six) internal meetings and 3 (three)
Services Authority. meetings joint meetings the Board of Directors of the
Main Entity. There were 2 (two) Main Entity Board of
The composition of the Main Entity’s Board of Commissioners meetings with agenda to discuss the
Commissioners is as stated in the Company Profile Governance Committee report.
Chapter of this Annual Report.
MAIN ENTITY SHARIA SUPERVISORY BOARD
Duties and Responsibilities of the Board of Duties and Responsibilities of the Main Entity’s
Commissioners of the Main Entity Sharia Supervisory Board
The duties and responsibilities of the Board of 1. Ensuring that the implementation of integrated
Commissioners of the Main Entity in the MUFG Group governance does not conflict with sharia principles
financial conglomerate are regulated in the Integrated 2. Overseeing the activities of financial service
Governance Policy. institutions to keep them in adherence to sharia
principles.
The duties and responsibilities of the Main Entity Board
of Commissioners include: The composition of the Main Entity’s Sharia Supervisory
1. Overseeing the implementation of Integrated Board is as stated in the Company Profile Chapter of
Governance with duties and responsibilities of at this Annual Report.
least:
a. Overseeing he implementation of Governance MAIN ENTITY’S BOARD OF DIRECTORS
in each Entity to keep it in adherence to the The Main Entity’s Board of Directors, apart from
Integrated Governance Policy; having met criteria for members of the Bank’s Board
b. Overseeing the implementation of the duties of Directors, also have an understanding of the core
and responsibilities of the Main Entity’s Board business and inherent risks of the entities in the
of Directors, and providing direction or advice Financial Conglomeration. The Board had 9 (nine)
to the Main Entity’s Board of Directors on the members as of December 31, 2023.
implementation of the Integrated Governance
Policy; And The majority of members of the Main Entity’s Board of
c. Evaluating Integrated Governance Policies and Directors have had careers in the banking sector for
directing policy improvements. more than 25 years in both national and international
2. Setting up an Integrated Governance Committee to banks and have at least 5 (five) years of experience as
support the effective implementation of its duties. Executive Officers/Directors of companies. All members
3. Convening at least 1 (one) regular meeting in every of the Board of Directors have passed the fit and proper
semester with the following conditions: test and have obtained approval from the Financial
a. Main Entity Board of Commissioners meetings Services Authority.
can be held via video conference.
478 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
The composition of the Main Entity’s Board of Directors Financial Services Authority and/or results of
is as stated in the Company Profile Chapter of this supervision by other authorities are followed up by
Annual Report. Entities in the Financial Conglomeration.
3. Taking the responsibility to oversee functions of
Duties and Responsibilities of Main Entity’s Board Entities in the Financial Conglomeration.
MANAGEMENT REPORT
of Directors
The duties and responsibilities of the Main Entity Implementation of Duties and Responsibilities of
Directors in the MUFG Group financial conglomerate Main Entity Directors in 2023
are regulated in the TKT Policy and the Board of The Board of Directors of the Main Entity with input,
Directors Charter. recommendations and direction from the Board of
Commissioners and the TKT Committee updated the
The duties and responsibilities of the Board of Directors MUFG Group Financial Conglomerate TKT Policy. The
of Danamon as the Main Entity are as follows: Board of Directors oversaw functions of entities in the
1. Ensuring the implementation of Integrated financial conglomerate through reports and meetings
Governance in the Financial Conglomeration with held throughout 2023.
COMPANY PROFILE
the following duties and responsibilities:
a. Preparing Integrated Governance Policies; The Board of Directors, through reports and meetings
b. Directing, monitoring and evaluating the held, also ensured follow-ups on and improvements
implementation of the Integrated Governance to audit findings and recommendations from the
Policy; And Integrated Internal Audit Work Unit, External Auditors,
c. Following up on directions or advices from the and results of oversight by the Financial Services
Board of Commissioners of the Main Entity in Authority and/or other authorities.
order to improve the Integrated Governance
Policy. During 2023, none of the follows up on audit results
DISCUSSION & ANALYSIS
2. Ensuring that audit findings and recommendations from the regulator exceeded the agreed deadline.
from the Integrated Internal Audit Work Unit,
MANAGEMENT
External Auditor, results of supervision by the
To support the effectiveness of its oversight duties, the Board of Directors of the Main Entity also sit as members of
the Board of Commissioners in subsidiaries, as given below:
Name Position in Main Entity (Danamon) Position in Subsidiary of Financial Conglomerates
Daisuke Ejima President Director President Commissioner of PT Adira Dinamika Multi Finance, Tbk.
OPERATIONAL REVIEW
Hafid Hadeli Vice President Director Commissioner of PT Adira Dinamika Multi Finance, Tbk.
INTEGRATED GOVERNANCE COMMITTEE
Danamon as the Main Entity has formed a TKT Committee pursuant to POJK No. 18/POJK.03/2014 on the TKT
Implementation for Financial Conglomerates, SEOJK No.15/ SEOJK.03/2015 dated May 25, 2015 on TKT Implementation
for Financial Conglomerates and POJK No. 45/POJK.03/ 2020 on Financial Conglomerates.
The TKT Committee was formed to support an effective implementation of the duties of the Main Entity’s Board of
Commissioners and assist the Board with their oversight over the implementation of integrated governance within
the MUFG Group Financial Conglomeration.
GOVERNANCE
CORPORATE
Further details on the Integrated Governance Committee’s Charter, Duties, Responsibilities, Authority, Structure,
Membership, Expertise and Legal Basis for Appointment, Member Independency, Term of Office, Policies and
Convention of Integrated Governance Committee Meetings, and Implementation of Duties of the Integrated
Governance Committee in 2023 can be seen in the Corporate Governance Implementation Report in the Integrated
Governance Committee section.
CORPORATE CHARTER
Bank Danamon as the Main Entity has the MUFG Group Financial Conglomeration Corporate Charter as regulated in
CORPORATE DATA
POJK No.45/POJK.03/2020 concerning Financial Conglomeration.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 479
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CORPORATE
GOVERNANCE
INTEGRATED
COMPLIANCE WORK UNIT
Danamon as the Main Entity within the MUFG Group Financial Conglomeration (KK) has an Integrated Compliance
Work Unit (SKKT) which is independent from other operational units. The duties and responsibilities of SKKT is
performed by the existing Danamon Compliance Work Unit (SKK) who reports to the Bank Director who directs the
Compliance Function of the Main Entity.
SKKT coordinates with each compliance function of the KK members and monitors corrective action on compliance
issues faced by each of the members, including follow-ups made on the Regulator’s audit findings.
MUFG Bank Ltd has recently acquired the shares of HCI through Krungsri (75%), and trough PT Adira Dinamika
Multi Finance, Tbk. (9.83%). With regards to the acquisition of HCI, on December 29, 2023 the Bank submitted a
Report on Changes in KK MUFG Group Members (adding HCI as a member of KK MUFG Group) to the KK Supervision
Department.
The organizational structure of the MUFG Group KK post acquit ion is as follows:
Mitsubishi UFJ Financial Group
(MUFG) Bank, Japan
Outside the
Krungsri Region
(Bank of Ayudhya) Thailand Indonesia
Bank Danamon
MUFG Jakarta Branch
Indonesia
Adira Dinamika Multi Finance
(ADMF) Indonesia Region
PT Home Credit Indonesia
MUFG Group Financial Conglomeration
SKKT Duties and Responsibilities
SKKT is tasked with at least monitoring and evaluating the implementation of compliance functions in every entity
operating under the KK.
Implementation of SKKT Duties and Responsibilities in 2023
1. Ensured that the compliance function in each LJK in the MUFG Group KK had been set independently and
supported by adequate compliance policies or guidelines.
2. Coordinated and monitored the implementation of Subsidiaries’ compliance function, including serving as
consultative function on compliance.
3. Periodically ensured the Subsidiaries’ compliance with regulatory parameters.
4. Reviewed reports on the implementation of compliance functions submitted by Subsidiaries on a quarterly basis.
480 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
5. Coordinated and reported changes in financial conglomerate members to the Financial Services Authority.
6. Informed all new relevant regulations to Subsidiaries.
7. Periodically monitored the implementation of the Related Companies‘ compliance functions based on reports
submitted to the Main Entity Compliance Work Unit.
8. Monitored follow-up/commitment to improve the results of audit conducted by the Financial Services Authority.
MANAGEMENT REPORT
9. Conducted an integrated compliance risk assessment and prepared an integrated compliance risk profile report.
10. Coordinated assessments and compiled the results of integrated governance self-assessments on a semi-annual
basis.
INTEGRATED INTERNAL AUDIT
WORKING UNIT
COMPANY PROFILE
Structure and Position of Integrated Internal Audit Working Unit (IIAU)
President Director Audit Committee Board of Commissioners
DISCUSSION & ANALYSIS
Integrated Internal Audit Working
Unit (SKAI Danamon)
MANAGEMENT
Internal Audit Unit
MUFG Jakarta Branch
Internal Audit Unit
OPERATIONAL REVIEW
PT Adira Dinamika Multi
Finance, Tbk.
Bank Danamon (Danamon) as the main entity in MUFG B.194/HCKP/0819. This appointment has been reported
Group Financial Conglomerate has an Integrated to OJK based on Director Letter No. B.748 – DIR dated
Internal Audit Working Unit (IIAU), an independent unit August 15, 2019 regarding Report on Dismissal of the
from other operating units, which the implementation Acting Head of SKAI and Appointment of the Head of
of its duties and responsibilities carried out by IIAU SKAI PT Bank Danamon Indonesia Tbk (Company).
Danamon. IIAU reports to Bank Danamon President
GOVERNANCE
CORPORATE
Director and Board of Commissioner via Audit Further details of IIAU including duties and
Committee, and monitors the implementation of responsibilities, 2023 internal audit priorities as well as
internal audit of each entity in Financial Conglomerate. plans and realization of audits as of December 31, 2023
can be seen in the Corporate Governance Report in the
Since August 12, 2019, Integrated Internal Audit Working part Internal Audit Unit (SKAI).
Unit (IIAU) has been led by Yenny Linardi as Chief Internal
Auditor (Head of SKAI) replacing Nathan Tanuwidjaja as
an acting Head of SKAI, based on appointment letter No.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 481
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CORPORATE
GOVERNANCE
IMPLEMENTATION OF
INTEGRATED RISK MANAGEMENT
MUFG Group Financial Conglomerate Integrated 1) Integrated Risk Management Committee
Risk Management Policy and its Implementation The Integrated Risk Management Committee has
Danamon as the Main Entity has an Integrated Risk as its members the Main Entity Risk Management
Management Policy for the MUFG Group Financial Director, Compliance Director, SME Credit Director,
Conglomerate, which has been prepared and reviewed Directors of Subsidiaries and Related Companies,
periodically based on the applicable provisions of as well as appointed relevant Executive Officers.
the Financial Services Authority. The MUFG Group In charge as Chair of the Committee is the Risk
Financial Conglomerate’s Integrated Risk Management Management Director of the Main Entity.
Policy serves as the umbrella policy covering a
risk management framework that offers guidance The Integrated Risk Management Committee holds
for integrated risk management within the MUFG meetings periodically and at least once every 6
Group Financial Conglomeration. Danamon’s Risk months. Each member as an individual or group can
Management Directorate is responsible for developing request other meetings to discuss very important
an overall risk management strategy that covers policies, topics/issues. The meetings are chaired by the
methodology, framework, limits and procedures and Chairman of the Committee.
regular controls. In 2023, a review of this Integrated
Risk Management policy has been conducted. 2) Integrated Risk Management Work Unit
Danamon as the Main Entity has set up a Risk
Implementation of Integrated Risk Management is Management Directorate as a Risk Management
carried out as follows: Work Unit that has role and responsibilities to run
a. Active Oversight of the Main Entity’s Boards of an effective risk management at Danamon and its
Directors and Commissioners Subsidiaries both individually and in a consolidatedly,
Implementation of Integrated Risk Management and serves an Integrated Risk Management Work
involves active oversight of the Board of Directors Unit that runs integrated risk management across
and Board of Commissioners of Danamon as the the Financial Conglomerate.
Main Entity. In supporting the effective integrated
risk management implementation, Main Entity’s The Risk Management Directorate is an independent
BOD and BOC should understand the risks in the unit from the risk taking unit and reports to the Risk
Financial Conglomeration, develop risk culture Management Director who reports directly to the
and ensure each FSI in Financial Conglomeration President Director.
implement the risk management. In practice, an
Integrated Risk Management Committee is formed In carrying out its function as an Integrated Risk
in the Financial Conglomerate. Management Work Unit, the Danamon Risk
Management Directorate coordinates with the Risk
b. Integrated Risk Management Organization Management work unit in each entity in the Financial
In order to have a more comprehensive and effective Conglomeration. The authority and responsibilities
Integrated Risk Management, the Main Entity has assigned to the Integrated Risk Management Work
set up an Integrated Risk Management Committee Unit include:
and an Integrated Risk Management Work Unit. • Providing inputs to the Board of Directors of the
Main Entity and the Integrated Risk Management
Committee in the formulation and improvement
of the Integrated Risk Management Policy.
482 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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FINANCIAL
• Monitoring the implementation of the Integrated • Reviewing proposed new strategic business lines
Risk Management Policy including developing that have large risk exposure on the Financial
procedures and tools for risk identification, Conglomerate. A new business line can take the
measurement, monitoring and control. form of the entry of any of the entities under
• Monitoring risks in the Financial Conglomeration the Financial Conglomerate into a new market
MANAGEMENT REPORT
by monitoring the risk profile of each entity in segment that may increase the Conglomerate’s
the Financial Conglomeration, both individually risk exposure
and integratedly, including the level of risk for • Providing information to the Integrated Risk
each type of risk in an integrated manner. Management Committee regarding matters that
• Conducting individual stress testing on the Main need to be followed up regarding the evaluation
Entity and/or coordinating the implementation of the implementation of Integrated Risk
of consolidated stress testing with Subsidiaries Management.
that are consolidated in the Main Entity • Formulating and periodically submitting
(Vertical Financial Conglomeration/Controlling integrated risk profile reports to Risk
shareholder). Management Director and the Integrated Risk
COMPANY PROFILE
• Periodically reviewing risk assessment methods, Management Committee.
the adequacy of management information
system, and the accuracy of integrated policies, Further details on the Implementation of Risk
procedures and risk limits. Management can be seen in the Annual Report
regarding the discussion of Risk Management.
SELF-ASSESSMENT OF THE
DISCUSSION & ANALYSIS
IMPLEMENTATION OF INTEGRATED
MANAGEMENT
GOVERNANCE IN 2023
Pursuant to SEOJK No. 15/SEOJK.03/2015 concerning The purpose of TKT assessment process is to assess the
the Implementation of Integrated Governance for effectiveness of the TKT implementation process which
Financial Conglomerates, Danamon as the Main Entity is supported by adequate structure to produce results
conducts self-assessment on the implementation of that meet stakeholder expectations.
OPERATIONAL REVIEW
governance in Financial Conglomerates and submits
assessment reports in every semester for the end of TKT purpose of assessment results is to assess the
June and end of December positions. quality of results that meet stakeholder expectations
both qualitatively and quantitatively.
The self-assessment of the 2023 TKT implementation
was conducted on 3 (three) aspects of TKT, namely TKT self-assessment of TKT includes at least 7 (seven)
Structure, Process and Results on 7 (seven) assessment TKT assessment factors, as listed below:
factors. 1. The implementation of the duties and responsibilities
of the Main Entity’s Board of Directors.
The assessment of the TKT structure aims to assess 2. The implementation of the duties and responsibilities
GOVERNANCE
CORPORATE
the adequacy of the TKT structure to ensure TKT of the Main Entity’s Board of Commissioners.
implementation process produces results that meet 3. The duties and responsibilities of the Integrated
stakeholder expectations. Governance Committee.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 483
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CORPORATE
GOVERNANCE
4. The duties and responsibilities of the Integrated Compliance Unit.
5. The duties and responsibilities of the Integrated Internal Audit Unit.
6. The implementation of Integrated Risk Management.
7. The preparation and implementation of Integrated Governance Guidelines.
TKT self-assessment process is run by members of the TKT Committee by evaluating the adequacy of the TKT structure,
process and results for each assessment factor with due attention to other significant and relevant information.
RESULTS OF SELF-ASSESSMENT OF THE IMPLEMENTATION OF INTEGRATED GOVERNANCE IN 2023
The following are the results of the self-assessment of TKT implementation in the 1st and 2nd semesters of 2023:
Results of Self-Assessment on the Implementation of Integrated Governance for June and
December 2023
Rating Rating Definition
The Financial Conglomeration is generally considered to have implemented sound Integrated
Governance. This is reflected in adequate fulfillment of the implementation of Integrated
2 (GOOD)
Governance principles. Weaknesses therein are in general considered less significant and can
be resolved with normal actions by the Main Entity and/or LJK.
Based on the results of 7 (seven) assessment factors, the MUFG Group Financial Conglomerate has adequate
governance structures and infrastructure that support an effective process and quality of TKT principle
implementation that can meet the expectations of stakeholders, which eventually resulted in sound TKT
implementation within MUFG Group Financial Conglomeration.
484 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
IMPLEMENTATION OF THE ASEAN
CORPORATE GOVERNANCE
SCORECARD
MANAGEMENT REPORT
No Principles and Recommendations Page
A RIGHTS AND EQUITABLE TREATMENT OF SHAREHOLDERS
A.1 BASIC SHAREHOLDER RIGHTS
A.1.1 Does the company pay (interim and final/annual) dividends in an equitable and timely manner; that is, all
shareholders are treated equally and paid within 30 days after being (i) declared for interim dividends and
155
(ii) approved by shareholders at general meetings for final dividends? In case the company has offered Scrip
dividend, did the company paid the dividend within 60 days.
A.2 RIGHT TO PARTICIPATE EFFECTIVELY IN AND VOTE IN GENERAL SHAREHOLDER MEETINGS AND
SHOULD BE INFORMED OF THE RULES, INCLUDING VOTING PROCEDURES, THAT GOVERN GENERAL
COMPANY PROFILE
SHAREHOLDER MEETINGS.
A.2.1 Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees,
allowances, benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive 349
directors/commissioners?
A.2.2 Does the company provide non-controlling shareholders a right to nominate candidates for board of
345, 349-350
directors/commissioners?
A.2.3 Does the company allow shareholders to elect directors/commissioners individually? 345
A.2.4 Does the company disclose the voting procedures used before the start of meeting? 346
A.2.5 Do the minutes of the most recent AGM record that the shareholders were given the opportunity to ask https://www.danamon.
questions and the questions raised by shareholders and answers given recorded? co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS/
DISCUSSION & ANALYSIS
Ringkasan Risalah_bhs
Final.pdf
A.2.6 Does the company disclose the voting results including approving, dissenting, and abstaining votes for all
348-353
resolutions/each agenda item for the most recent AGM?
MANAGEMENT
A.2.7 Does the company disclose the list of board members who attended the most recent AGM? 347
A.2.8 Does the company disclose that all board members and the CEO (if he is not a board member) attended the
347
most recent AGM?
A.2.9 Does the company allow voting in absentia? https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS/
Tata Tertib.pdf
A.2.10 Did the company vote by poll (as opposed to by show of hands) for all resolutions at the most recent AGM? 346
Does the company disclose that it has appointed an independent party (scrutineers/inspectors) to count
OPERATIONAL REVIEW
A.2.11
347
and/or validate the votes at the AGM?
A.2.12 Does the company make publicly available by the next working day the result of the votes taken during the https://www.danamon.
most recent AGM/EGM for all resolutions? co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS/
Ringkasan Risalah_bhs
Final.pdf
A.2.13 Does the company provide at least 21 days notice for all AGMs and EGMs? 348,
https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS/
Ringkasan Risalah_bhs
Final.pdf
A.2.14 Does the company provide the rationale and explanation for each agenda item which require shareholders’
345-346
approval in the notice of AGM/circulars and/or the accompanying statement?
GOVERNANCE
Does the company give the opportunity for shareholders to place item/s on the agenda of general meetings
CORPORATE
A.2.15
345-346
and/or to request for general meetings subject to a certain percentage?
A.3 MARKETS FOR CORPORATE CONTROL SHOULD BE ALLOWED TO FUNCTION IN AN EFFICIENT AND TRANSPARENT MANNER.
A.3.1 In cases of mergers, acquisitions and/or takeovers requiring shareholders’ approval, does the board of Yes.
directors/commissioners of the company appoint an independent party to evaluate the fairness of the However, there is no
acquisition process
transaction price?
conducted by Danamon
in 2023.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 485
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CORPORATE
GOVERNANCE
No Principles and Recommendations Page
A.4 THE EXERCISE OF OWNERSHIP RIGHTS BY ALL SHAREHOLDERS, INCLUDING INSTITUTIONAL INVESTORS,
SHOULD BE FACILITATED.
A.4.1 Does the company disclose its practices to encourage shareholders to engage with the company beyond
345-346
general meetings?
A.5 SHARES AND VOTING RIGHTS
A.5.1 Where the company has more than one class of shares, does the company publicise the voting rights Yes.
attached to each class of shares (e.g. through the company website / reports/ the stock exchange/ the https://www.danamon.
co.id/-/media/ALL-
regulator’s website)?
CONTENT-ABOUT-
DANAMON/RUPS/2023/
Tata-Tertib.pdf
A.6 NOTICE OF AGM
A.6.1 Does each of the resolutions tabled at the most recent annual general meeting deal with only one item, i.e.,
348-353
there is no bundling of several items into the same resolution?
A.6.2 Are the company's notice of the most recent AGM/circulars fully translated into English and published on the 348,
same date as the local-language version? https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS/
Ringkasan Risalah_bhs
Final.pdf
Does the notice of AGM/circulars have the following details:
A.6.3 Are the profiles of directors/commissioners (at least age, academic qualification, date of first appointment,
76-90
experience, and directorships in other listed companies) in seeking election/re-election included?
A.6.4 Are the auditors seeking appointment/re-appointment clearly identified? 106, 442-443
A.6.5 Were the proxy documents made easily available? https://www.
danamon.co.id/
A.7 INSIDER TRADING AND ABUSIVE SELF-DEALING SHOULD BE PROHIBITED.
A.7.1 Are the directors / commissioners required to report their dealings in company shares within 3 business Yes.
days? Directors/Commissioners
are required to
report their transactions
in the company’s shares as
required.
A.8 RELATED PARTY TRANSACTIONS BY DIRECTORS AND KEY EXECUTIVES.
A.8.1 Does the company have a policy requiring a committee of independent directors/commissioners to review Yes.
material RPTs to determine whether they are in the best interests of the company and shareholders? The company has a policy
regarding this.
A.8.2 Does the company have a policy requiring board members (directors/commissioners) to abstain from Yes.
participating in the board discussion on a particular agenda when they are conflicted? The company has a policy
regarding this.
A.8.3 Does the company have policies on loans to directors and commissioners either forbidding this practice or Yes.
ensuring that they are being conducted at arm's length basis and at market rates? The company has a policy
regarding this.
A.9 PROTECTING MINORITY SHAREHOLDERS FROM ABUSIVE ACTIONS
A.9.1 Does the company disclose that RPTs are conducted in such a way to ensure that they are fair and at arms'
445
length?
A.9.2 In case of related party transactions requiring shareholders' approval, is the decision made by disinterested
Yes
shareholders?
C Sustainability and Resilience
C.1 SUSTAINABILITY-RELATED DISCLOSURE SHOULD BE CONSISTENT, COMPARABLE AND RELIABLE, AND
INCLUDE RETROSPECTIVE AND FORWARD-LOOKING MATERIAL INFORMATION THAT A REASONABLE
INVESTOR WOULD CONSIDER IMPORTANT IN MAKING AN INVESTMENT OR VOTING DECISION
Material Sustainability-related information should be specified
C.1.1 Does the company identify/report ESG topics that are material to the organization’s strategy? SR: 15-17
C.1.2 Does the company identify climate change as an issue? SR: 54, 70-71
C.1.3 Does the company adopt an internationally recognized reporting framework or standard for sustainability
SR: 48, 120-129
(i.e. GRI, Integrated Reporting, SASB, IFRS Sustainability Disclosure Standards)?
IF A COMPANY PUBLICLY SETS A SUSTAINABILITY-RELATED GOAL OR TARGET, THE DISCLOSURE
FRAMEWORK SHOULD PROVIDE THAT RELIABLE METRICS ARE REGULARLY DISCLOSED IN AN EASILY
ACCESSIBLE FORM
C.1.4 Does the company disclose quantitative sustainability target? SR
C.1.5 Does the company disclose sustainability-related performance progress in relation to its previously set
SR
targets?
C.1.6 Does the company confirm that its Sustainability Report / Reporting is reviewed and /or approved by the
SR
Board or Board Committee?
486 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
No Principles and Recommendations Page
C.2 CORPORATE GOVERNANCE FRAMEWORKS SHOULD ALLOW FOR DIALOGUE BETWEEN A COMPANY, ITS
SHAREHOLDERS AND STAKEHOLDERS TO EXCHANGE VIEWS ON SUSTAINABILITY MATTERS
C.2.1 Does the company engage internal stakeholders to exchange views and gather feedback on sustainability
SR: 49-51
matters that are material to the business of the company?
C.2.2 Does the company engage external stakeholders to exchange views and gather feedback on sustainability
MANAGEMENT REPORT
SR: 49-51
matters that are material to the business of the company?
C.3 THE CORPORATE GOVERNANCE FRAMEWORK SHOULD ENSURE THAT BOARDS ADEQUATELY CONSIDER
MATERIAL SUSTAINABILITY RISKS AND OPPORTUNITIES WHEN FULFILLING THEIR KEY FUNCTIONS
IN REVIEWING, MONITORING AND GUIDING GOVERNANCE PRACTICES, DISCLOSURE, STRATEGY, RISK
MANAGEMENT AND INTERNAL CONTROL SYSTEMS, INCLUDING WITH RESPECT TO CLIMATE-RELATED
PHYSICAL AND TRANSITION RISKS
Boards should assess whether the company’s capital structure is compatible with its strategic goals
and its associated risk appetite to ensure it is resilient to different scenarios
C.3.1 Does the company disclose that the board reviews on an annual basis that the company's capital and debt
154, 166-170
structure is compatible with its strategic goals and its associated risk appetite?
C.4 THE CORPORATE GOVERNANCE FRAMEWORK SHOULD RECOGNIZE THE RIGHTS OF STAKEHOLDERS
ESTABLISHED BY LAW OR THROUGH MUTUAL AGREEMENTS AND ENCOURAGE ACTIVE COOPERATION
BETWEEN CORPORATIONS AND STAKEHOLDERS IN CREATING WEALTH, JOBS, AND THE SUSTAINABILITY
COMPANY PROFILE
OF FINANCIALLY SOUND ENTERPRISES.
Does the company disclose a policy and practices that address :
C.4.1 The existence and scope of the company's efforts to address customers' welfare? SR: 57, 106-116
C.4.2 Supplier/contractor selection procedures? SR: 30-31
C.4.3 The company's efforts to ensure that its value chain is environmentally friendly or is consistent with
SR: 30-31
promoting sustainable development?
C.4.4 The company's efforts to interact with the communities in which they operate? SR: 86-90
C.4.5 The company's anti-corruption programmes and procedures? 463
C.4.6 How creditors' rights are safeguarded? 470
DISCUSSION & ANALYSIS
C.4.7 Does the company have a separate report/section that discusses its efforts on environment/economy and SR: 53-117;
social issues? https://www.danamon.
co.id/id/Tentang-Danamon/
TanggungJawabSosial
MANAGEMENT
C.5 WHERE STAKEHOLDER INTERESTS ARE PROTECTED BY LAW, STAKEHOLDERS SHOULD HAVE THE
OPPORTUNITY TO OBTAIN EFFECTIVE REDRESS FOR VIOLATION OF THEIR RIGHTS.
C.5.1 Does the company provide contact details via the company’s website or Annual Report which stakeholders
(e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible 55, 456, SR
violation of their rights?
C.6 MECHANISMS FOR EMPLOYEE PARTICIPATION SHOULD BE PERMITTED TO DEVELOP.
C.6.1 Does the company explicitly disclose the policies and practices on health, safety and welfare for its
AR: 322-324, SR: 95-105
employees?
OPERATIONAL REVIEW
C.6.2 Does the company explicitly disclose the policies and practices on training and development programmes for
323
its employees?
C.6.3 Does the company have a reward/compensation policy that accounts for the performance of the company
AR: 322-323, SR: 102
beyond short-term financial measures?
C.7 STAKEHOLDERS INCLUDING INDIVIDUAL EMPLOYEE AND THEIR REPRESENTATIVE BODIES, SHOULD BE
ABLE TO FREELY COMMUNICATE THEIR CONCERNS ABOUT ILLEGAL OR UNETHICAL PRACTICES TO THE
BOARD AND THEIR RIGHTS SHOULD NOT BE COMPROMISED FOR DOING THIS.
C.7.1 Does the company have a whistle blowing policy which includes procedures for complaints by employees
and other stakeholders concerning alleged illegal and unethical behavior and provide contact details via the 465-466
company's website or annual report?
C.7.2 Does the company have a policy or procedures to protect an employee/person who reveals alleged illegal/
465
unethical behavior from retaliation?
GOVERNANCE
D DISCLOSURE AND TRANSPARENCY
CORPORATE
D.1 TRANSPARENT OWNERSHIP STRUCTURE
D.1.1 Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or
98-99
more?
D.1.2 Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial
98-99
shareholders?
D.1.3 Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? 98
D.1.4 Does the company disclose the direct and indirect (deemed) shareholdings of senior management? 98
D.1.5 Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures
100, 104-105
and special purpose enterprises/ vehicles (SPEs)/ (SPVs)?
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 487
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CORPORATE
GOVERNANCE
No Principles and Recommendations Page
D.2 QUALITY OF ANNUAL REPORT
Does the company's annual report disclose the following items:
D.2.1 Corporate objectives 62-64
D.2.2 Financial performance indicators 8-17
D.2.3 Non-financial performance indicators 120-137
D.2.4 Dividend policy 155
D.2.5 Biographical details (at least age, academic qualifications, date of first appointment, relevant experience, and
76-90
any other directorships of listed companies) of all directors/commissioners
Corporate Governance Confirmation Statement
D.2.6 Does the Annual Report contain a statement confirming the company's full compliance with the code of
corporate governance and where there is noncompliance, identify and explain reasons for each such issue? 335-344
D.3 REMUNERATION OF MEMBERS OF THE BOARD AND KEY EXECUTIVES
D.3.1 Is there disclosure of the fee structure for non-executive directors/commissioners? 452-454
D.3.2 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] details of
452-454
remuneration of each non-executive director/commissioner?
D.3.3 Does the company disclose its remuneration (fees, allowances, benefit-in-kind and other emoluments)
policy/practices (i.e. the use of short term and long term incentives and performance measures) for its 450-454
executive directors and CEO?
D.3.4 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] the details of
452-454
remuneration of each of the executive directors and CEO [if he/she is not a member of the Board]?
D4 DISCLOSURE OF RELATED PARTY TRANSACTIONS (RPT)
D.4.1 Does the company disclose its policy covering the review and approval of material RPTs? 455
D.4.2 Does the company disclose the name, relationship, nature and value for each material RPTs? 455
D.5 DIRECTORS AND COMMISSIONERS DEALINGS IN SHARES OF THE COMPANY
D.5.1 Does the company disclose trading in the company’s shares by insiders? 464
D.6 EXTERNAL AUDITOR AND AUDITOR REPORT
Where the same audit firm is engaged for both audit and non-audit services
D.6.1 Are the audit and non-audit fees disclosed? 442
D.6.2 Does the non-audit fee exceed the audit fees? 442
D.7 MEDIUM OF COMMUNICATIONS
Does the company use the following modes of communication?
D.7.1 Quarterly reporting 424, 449, 456-457
D.7.2 Company website 111, 424, 449, 456-457
D.7.3 Analyst briefing 424, 449, 456-457
D.7.4 Media briefings/press conferences 424, 449, 456-457
D.8 TIMELY FILING/RELEASE OF ANNUAL/FINANCIAL REPORTS
D.8.1 Are the audited annual financial report / statement released within 120 days from the financial year end? 548, 557
D.8.2 Is the annual report released within 120 days from the financial year end? 48-49
D.8.3 Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board
48-49
of directors/commissioners and/or the relevant officers of the company?
D.9 COMPANY WEBSITE
Does the company have a website disclosing up-to-date information on the following:
D.9.1 Financial statements/reports (latest quarterly) https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/
Informasi-Keuangan/
Laporan-Triwulanan
D.9.2 Materials provided in briefings to analysts and media https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/Materi-
Investor/Analyst-Briefing
D.9.3 Downloadable annual report https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/
Informasi-Keuangan/
Laporan-Tahunan
D.9.4 Notice of AGM and/or EGM https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS
D.9.5 Minutes of AGM and/or EGM https://www.danamon.
co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS
488 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
No Principles and Recommendations Page
D.9.6 Company's constitution (company's by-laws, memorandum and articles of association) https://www.danamon.
co.id/id/Tentang-Danamon/
TataKelola/Anggaran-Dasar
D.10 INVESTOR RELATIONS
D.10.1 Does the company disclose the contact details (e.g. telephone, fax, and e-mail) of the officer / office
55, 456
MANAGEMENT REPORT
responsible for investor relations?
E RESPONSIBILITIES OF THE BOARD
E.1 BOARD DUTIES AND RESPONSIBILITIES
Clearly defined board responsibilities and corporate governance policy
E.1.1 Does the company disclose its corporate governance policy / board charter? 354
E.1.2 Are the types of decisions requiring board of directors/commissioners' approval disclosed ? 355
E.1.3 Are the roles and responsibilities of the board of directors/commissioners clearly stated ? 355-356
CORPORATE VISION/MISSION
E.1.4 Does the company have an updated vision and mission statement? 62-63
E.1.5 Does the board of directors play a leading role in the process of developing and reviewing the company's
38-41, 391-392
COMPANY PROFILE
strategy at least annually?
E.1.6 Does the board of directors have a process to review, monitor and oversee the implementation of the
38-39
corporate strategy?
E.2 BOARD STRUCTURE
Code of Ethics or Conduct
E.2.1 Are the details of the code of ethics or conduct disclosed? 462
E.2.2 Are all directors/commissioners, senior management and employees required to comply with the code/s? 462
E.2.3 Does the company have a process to implement and monitor compliance with the code/s of ethics or
462
conduct?
Board Structure & Composition
DISCUSSION & ANALYSIS
E.2.4 Do independent directors/commissioners make up at least 50% of the board of directors/commissioners? 356, 393
E.2.5 Does the company have a term limit of nine years or less or 2 terms of five years 1 each for its independent
MANAGEMENT
357-359
directors/ commissioners?
E.2.6 Has the company set a limit of five board seats that an individual independent/non-executive director/
357-359
commissioner may hold simultaneously?
E.2.7 Does the company have any executive directors who serve on more than two boards of listed companies
395-396
outside of the group?
Nominating Committee
E.2.8 Does the company have a Nominating Committee?
E.2.9 Is the Nominating Committee comprised of a majority of independent directors/commissioners? 383-384
OPERATIONAL REVIEW
E.2.10 Is the chairman of the Nominating Committee an independent director/commissioner? 384
E.2.11 Does the company disclose the terms of reference/ governance structure/charter of the Nominating
382-383
Committee?
E.2.12 Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee
384-385
meet at least twice during the year?
Remuneration Committee / Compensation Committee
E.2.13 Does the company have a Remuneration Committee? 382-385
E.2.14 Is the Remuneration Committee comprised entirely of non-executive directors/commissioners with a
383-384
majority of independent directors/commissioners ?
E.2.15 Is the chairman of the Remuneration Committee an independent director/commissioner? 384
E.2.16 Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration
GOVERNANCE
382-383
Committee?
CORPORATE
E.2.17 Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration
384-385
Committee meet at least twice during the year?
Audit Committee
E.2.18 Does the company have an Audit Committee? 374-378
E.2.19 Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of
376
independent directors/commissioners?
E.2.20 Is the chairman of the Audit Committee an independent director/commissioner? 376
E.2.21 Does the company disclose the terms of reference/governance structure/charter of the Audit Committee? 374-376
E.2.22 Does at least one of the independent directors/commissioners of the committee have accounting expertise
376
(accounting qualification or experience)?
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 489
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CORPORATE
GOVERNANCE
No Principles and Recommendations Page
E.2.23 Is the meeting attendance of the Audit Committee disclosed and, if so, did the
377-378
Audit Committee meet at least four times during the year?
E.2.24 Does the Audit Committee have primary responsibility for recommendation on the appointment, and
374
removal of the external auditor?
E.3 BOARD PROCESSES
Board meetings and attendance
E.3.1 Are the board of directors meeting scheduled before the start of financial year? 397-398
E.3.2 Does the board of directors/commissioners meet at least six times during the year? 363, 398
E.3.3 Has each of the directors/commissioners attended at least 75% of all the board meetings held during the
364, 401
year?
E.3.4 Does the company require a minimum quorum of at least 2/3 for board decisions? 363, 397
E.3.5 Did the non-executive directors/commissioners of the company meet separately at least once during the
363
year without any executives present?
Access to information
E.3.6 Are board papers for board of directors/commissioners meetings provided to the board at least five
423-424
business days in advance of the board meeting?
E.3.7 Does the company secretary play a significant role in supporting the board in discharging its responsibilities? 423-424
E.3.8 Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast
423
on relevant developments?
Board Appointments and Re-Election
E.3.9 Does the company disclose the criteria used in selecting new directors/commissioners? 354, 382-383, 390
E.3.10 Did the company describe the process followed in appointing new directors/commissioners? 354, 382, 393
E.3.11 Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in
356-357, 393-394
countries whose legislation prescribes a term of 5 years each?
Remuneration Matters
E.3.12 Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or
352, 450-454
the senior executives?
E.3.13 Does the company have measurable standards to align the performance-based remuneration of the
executive directors and senior executives with long-term interests of the company, such as claw back 383, 450-454
provision and deferred bonuses?
Internal Audit
E.3.14 Does the company have a separate internal audit function? 437-441
E.3.15 Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? 438
E.3.16 Does the appointment and removal of the internal auditor require the approval of the Audit Committee? 438
Risk Oversight
E.3.17 Does the company establish a sound internal control procedures/risk management framework and
356, 393
periodically review the effectiveness of that framework?
E.3.18 Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners has
conducted a review of the company's material controls (including operational, financial and compliance 356
controls) and risk management systems?
E.3.19 Does the company disclose the key risks to which the company is materially exposed to (i.e. financial,
395-396
operational including IT, environmental, social, economic)?
E.3.20 Does the Annual Report/Annual CG Report contain a statement from the board of directors/commissioners
or Audit Committee commenting on the adequacy of the company's internal controls/risk management 355
systems?
E.4 PEOPLE ON THE BOARD
Board Chairman
E.4.1 Do different persons assume the roles of chairman and CEO? 356, 393
E.4.2 Is the chairman an independent director/commissioner? 356
E.4.3 Is any of the directors a former CEO of the company in the past 2 years? 395-396
E.4.4 Are the roles and responsibilities of the chairman disclosed? 355
Lead Independent Director
E.4.5 If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director and has
356-359
his/her role been defined?
Skills and Competencies
E.4.6 Does at least one non-executive director/commissioner have prior working experience in the major sector
361, 392
that the company is operating in?
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HIGHLIGHTS
FINANCIAL
No Principles and Recommendations Page
E.5 Board Performance
Directors Development
E.5.1 Does the company have orientation programmes for new directors/commissioners? 364, 402
E.5.2 Does the company have a policy and actual practice and programs that encourages directors/commissioners
365, 402-405
MANAGEMENT REPORT
to attend on-going or continuous professional education programmes?
CEO/Executive Management Appointments and Performance
E.5.3 Does the company disclose the process on how the board of directors/commissioners plans for the
393
succession of the CEO/Managing Director/President and key management?
E.5.4 Does the board of directors/commissioners conduct an annual performance assessment of the CEO/
401-402
Managing Director/President?
Board Appraisal
E.5.5 Did the company conduct an annual performance assessment of the board of directors/commissioners and
364, 401
disclose the criteria and process followed for the assessment?
Director Appraisal
E.5.6 Did the company conduct an annual performance assessment of the individual directors/commissioners and
364, 401
disclose the criteria and process followed for the assessment?
COMPANY PROFILE
Committee Appraisal
E.5.7 Did the company conduct an annual performance assessment of the board committees and disclose the
criteria and process followed for the assessment? 366
Level 2 BONUS ITEMS
No Principles and Recommendations Page
(B)A. RIGHTS OF SHAREHOLDERS
DISCUSSION & ANALYSIS
(B)A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including
voting procedures, that govern general shareholders meeting.
MANAGEMENT
(B)A.1.1 Does the company practice real time secure electronic voting in absentia at general meetings of https://www.danamon.
shareholders? co.id/id/Tentang-Danamon/
InformasiInvestor/RUPS/
Tata Tertib.pdf
(B)B. EQUITABLE TREATMENT OF SHAREHOLDERS
(B)B.1 Notice of AGM
(B)B.1.1 Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as
348
announced to the Exchange, at least 28 days before the date of the meeting?
(B)C. SUSTAINABILITY AND RESILIENCE
OPERATIONAL REVIEW
(B)C.1
(B).C.1.1 Does the company disclose how it manages climate-related risks and opportunities? SR: 70-71
(B).C.1.2 Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? SR: 48
(B).C.1.3 Does the company disclose the engagement channel with stakeholder groups and how the company SR: 49-52
responds to stakeholders’ ESG concerns?
(B).C.1.4 Does the company have a unit / division / committee who is specifically responsible to manage the SR: 32-33
sustainability matters?
(B).C.1.5 Does the company disclose board of directors/commissioners' oversight of sustainability-related risks and SR: 35-36
opportunities?
GOVERNANCE
396-397, 450-454
CORPORATE
(B).C.1.6 Does the company disclose the linkage between executive directors and senior management remuneration
and sustainability performance for the previous year?
(B).C.1.7 Is the company’s Whistle Blowing System managed by independent parties / institutions? 466
(B)D. DISCLOSURE AND TRANSPARENCY
(B)D.1 Quality of Annual Report
(B)D.1.1 Are the audited annual financial report /statement released within 60 days from the financial year end? 348, 557
(B)E. RESPONSIBILITIES OF THE BOARD
(B)E.1 Board Competencies and Diversity
CORPORATE DATA
(B)E.1.1 Does the company have at least one female independent director/commissioner? 356
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 491
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CORPORATE
GOVERNANCE
No Principles and Recommendations Page
(B)E.1.2 Does the company have a policy and disclose measurable objectives for implementing its board diversity
361, 392
and report on progress in achieving its objectives?
(B)E.2 Board Structure
(B)E.2.1 Is the Nominating Committee comprise entirely of independent directors/commissioners? 384
(B)E.2.2 Does the Nominating Committee undertake the process of identifying the quality of directors aligned with
382-383
the company's strategic directions?
(B)E.3 Board Appointments and Re-Election
(B)E.3.1 Does the company use professional search firms or other external sources of candidates (such as director
databases set up by director or shareholder bodies) when searching for candidates to the board of 354, 390, 393
directors/commissioners?
(B)E.4 Board Structure & Composition
(B)E.4.1 Do independent non-executive directors/commissioners make up more than 50% of the board of directors/
356, 393
commissioners for a company with independent chairman?
(B)E.5 Risk Oversight
(B)E.5.1 Does the company disclose that its Board identified key risk in relation to information technology including
disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into 444
the overall risk management framework?
(B)E.6 Board Performance
(B)E.6.1 Does the company have a separate board level Risk Committee? 378-381, 406-407, 415-
416, 444
No Principles and Recommendations Page
(P)A RIGHTS OF SHAREHOLDERS
(P)A.1 Basic shareholder rights
(P)A.1.1 Did the company fail or neglect to offer equal treatment for share repurchases to all shareholders? 455
(P)A.2 Shareholders, including institutional shareholders, should be allowed to consult with each other on
issues concerning their basic shareholder rights as defined in the Principles, subject to exceptions to
prevent abuse.
(P) Is there evidence of barriers that prevent shareholders from communicating or consulting with other
No
A.2.1 shareholders?
(P)A.3 Right to participate effectively in and vote in general shareholders meeting and should be informed
of the rules, including voting procedures, that govern general shareholders meeting.
(P) Did the company include any additional and unannounced agenda item into the notice of AGM/EGM? No
A.3.1 The Company will include
additional agenda (if any)
after prior notification
to OJK
(P) Was the Chairman of the Board and the Chairmen of all Board Committees and the CEO absent from the
347
A.3.2 most recent General Meeting?
(P) A.4 Capital structures and arrangements that enable certain shareholders to obtain a degree of control
disproportionate to their equity ownership should be disclosed.
Did the company fail to disclose the existence of:
(P) Shareholders agreement?
No
A.4.1
(P)A.4.2 Voting cap? No
(P) Multiple voting rights?
No
A.4.3
(P) A.5 Capital structures and arrangements that enable certain shareholders to obtain a degree of control
disproportionate to their equity ownership should be disclosed.
(P) Is a pyramid ownership structure and/ or cross holding structure apparent?
100
A.5.1
(P) B EQUITABLE TREATMENT OF SHAREHOLDERS
(P) B.1 Insider trading and abusive self-dealing should be prohibited.
(P) Has there been any conviction of insider trading involving directors/commissioners, management and
No
B.1.1 employees in the past three years?
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HIGHLIGHTS
FINANCIAL
No Principles and Recommendations Page
(P) B.2 Protecting minority shareholders from abusive action
(P) Has there been any cases of non compliance with the laws, rules and regulations pertaining to material
No
B.2.1 related party transactions in the past three years?
(P) Were there any RPTs that can be classified as financial assistance (i.e not conducted at arms length) to
No
MANAGEMENT REPORT
B.2.2 entities other than wholly-owned subsidiary companies?
(P) C ROLE OF STAKEHOLDERS
(P) C.1 The rights of stakeholders that are established by law or through mutual agreements are to be
respected.
(P) C.1.1 Have there been any violations of any laws pertaining to labour/employment/ consumer/insolvency/
447-448
commercial/competition or environmental issues?
(P) C.2 Where stakeholders participate in the corporate governance process, they should
have access to relevant, sufficient and reliable information on a timely and regular basis.
(P) C.2.1 Has the company faced any sanctions by regulators for failure to make announcements within the requisite
No
time period for material events?
COMPANY PROFILE
(P) C.2.2 Is there any evidence that the company is engaging in greenwashing activities? No
(P) D DISCLOSURE AND TRANSPARENCY
(P) D.1 Sanctions from regulator on financial reports
(P) Did the company receive a "qualified opinion" in its external audit report?
No
D.1.1
(P) Did the company receive an "adverse opinion" in its external audit report?
No
D.1.2
(P) Did the company receive a "disclaimer opinion" in its external audit report?
No
D.1.3
DISCUSSION & ANALYSIS
(P) Has the company in the past year revised its financial statements for reasons other than changes in
No
D.1.4 accounting policies?
MANAGEMENT
(P) E RESPONSIBILITIES OF THE BOARD
(P) E.1 Compliance with listing rules, regulations and applicable laws
(P) E.1.1 Is there any evidence that the company has not complied with any listing rules and regulations apart from
No
disclosure rules over the past year?
(P)E.1.2 Have there been any instances where non-executive directors/commissioner have resigned and raised any
No
issues of governance-related concerns?
(P) E.2 Board structure
OPERATIONAL REVIEW
(P) E.2.1 Does the Company have any independent directors/commissioners who have served for more than nine
years or two terms of five years each (which ever is higher) in the same capacity?
357, 394
1 The five years term must be required by legislation which pre-existed before the introduction of the ASEAN
Corporate Governance Scorecard in 2011
(P) E.2.2 Did the company fail to correctly identify the description of all their directors as independent, non-executive,
357, 394
and executive?
(P) E.2.3 Does the company have any independent directors/non- executive/commissioners who serve on a total of
359-360, 395-396
more than five boards of publicly-listed companies?
(P) E.3 External Audit
(P) E.3.1 Is any of the directors or senior management a former employee or partner of the current external auditor
No
(in the past 2 years)?
GOVERNANCE
CORPORATE
(P) E.4 Board structure and composition
(P) E.4.1 Has the chairman been the company CEO in the last three years? 76, 360
(P) E.4.2 Do non-executive directors/commissioners receive options, performance shares or bonuses? 156, 452-453
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 493
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CORPORATE
GOVERNANCE
SHARIA BUSINESS
UNIT (UUS)
PT BANK DANAMON INDONESIA TBK
2023 ANNUAL REPORT
494 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
SHARIA BUSINESS UNIT (UUS)
GOVERNANCE
MANAGEMENT REPORT
INTRODUCTION with more aggressive approach and better quality,
UUS Danamon continues to strive to improve its
Danamon’s Sharia Business Unit (UUS Danamon) business performance and growth by implementing
implements Corporate Governance based on the a averaging strategy to optimize usage of the Bank’s
following 5 (five) basic principles of Good Corporate infrastructure and office networks (office channelling).
Governance (GCG): By implementing the parent bank’s leveraging strategy
1. Transparency: Being transparent in material and through resource optimization, UUS Danamon can
relevant information disclosure, as well as in the run a more efficient and sustainable sharia business
decision-making process. activities, services and operations.
COMPANY PROFILE
2. Accountability: A clarity of functions and
accountability for the Bank’s organs to run an Several important steps that have been taken towards
effective management. this end since 2023 and will continue in 2024 are as
3. Responsibility: Ensuring the Bank’s management follows:
conforms to applicable laws and regulations, and to a. Strengthening cooperation with the parent bank
the principles of healthy bank management. and MUFG group including PT Adira Dinamika Multi
4. Professional: Having the competence and ability Finance (ADMF) Syariah through collaboration
to act objectively and free from the influence of and synergy strategies in business and service
any party and staying true to the commitment to development.
DISCUSSION & ANALYSIS
the development of Danamon’s Sharia banking b. Developing a more customer-centric sales and
business. distribution model rather than just on products
MANAGEMENT
5. Fairness: Specifically, fairness and equality in fulfilling (product centric) alone.
the rights of stakeholders based on agreements and c. Strengthening the funding structure through the
applicable laws and regulations. development of “Granular Funding” through the
community and also developing Hajj and Umrah
All company organs are committed to implementing business and services
these GCG principles to assist the company in making d. UUS Danamon’s collaboration with BPKH by i.e.
improvements and delivering better. These principles continuing to carry out its 4 main functions as a Bank
OPERATIONAL REVIEW
are also implemented to help protect the interests of authorized to receive deposits for Hajj Pilgrimage
stakeholders with due attention to Sharia principles Costs (BPS BPIH), and as placement, investment
(sharia compliance) when carrying out business partner and benefit value management banks.
activities. e. Focusing on socializing UUS Danamon’s superior
products, namely Sharia Leasing, TRH (Hajj Planning
Testament to the Company’s consistency in Savings), RTJH (Hajj Planning Savings Account), Social
implementing GCG is its compliance with laws and Banking Services, Umrah Savings, sharia insurance
regulations, sound risk management, internal control products namely Proteksi Prima Amanah and
improvement across work units, and optimized Qurban Savings throughout the new distribution
performance of its UUS. network including the addition of the latest services
GOVERNANCE
CORPORATE
for Wealth Management, which is the sale of Sharia
Mutual Funds and Bancassurance, as well as the
INITIATIVES OF DANAMON’S SHARIA BUSINESS development of Hajj services through special Hajj
UNIT (UUS DANAMON) financing, sharia financing cards and also digital Hajj
registration services.
In line with the parent bank strategy and in accordance f. Making alignment of information technology and
with the Financial Services Authority (OJK) directions operational functions with the parent bank to
to boost the growth of the Sharia banking industry develop a more effective and efficient process while
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 495
Page 498
supporting the development of digital banking l. Continuing to improve risk management and
services. To meet community needs, Syariah also corporate governance through improving policies
offers comprehensive solutions through Digital and other supporting systems.
platforms with Sharia Planning Savings (Hajj, Umrah, In order to provide the customers and the public with
Qurban and others) more education on sharia financial literacy, Danamon
g. Optimizing sales through the parent bank’s office is running various relevant programs. During the
network e.g sharia services, campaign programs 2023 period, UUS Danamon organized 13 (thirteen)
with events and marcomm activities. programs both offline or online to support sharia
h. UUS Danamon focuses on continuing digital cash financial literacy. Details of the schedule and program
waqf services through Social Banking after earning can be seen in Appendix 1.
a permit as an LKS-PWU (Sharia Financial Institution
Receiving Cash Waqf) from the Ministry of Religion 1. SHARIA SUPERVISORY BOARD (SSB)
as a form of responsibility and concern for the
community. 1.1 Sharia Supervisory Board Composition and
i. Development of sustainable financing (“Sustainable Members
Finance”), namely Solar Panel financing and electric In 2023, UUS Danamon’s Sharia Supervisory
vehicle financing through cooperation with third Board had 3 (three) members. The composition
parties and in collaboration with ADMF. of this SSB is as follows:
j. Increasing productivity and developing human a. Prof. DR. H. M. Din Syamsuddin, MA.
resources whole increasing knowledge and (Chairman)
capabilities of sharia banking through training, b. Dr. Hasanudin, M.Ag. (Member)
socialization and awareness programs. Supporting c. Dr. Asep Supyadillah, M.Ag. (Member)
the Danamon Bankers Trainee (DBT) program to
prepare Sharia officers and intensive socialization 1.2 Concurrent Positions of SSB Members in
of sharia products. Other Islamic Financial Institutions
k. Embracing the principle of prudence in safeguarding All SSB members have fulfilled concurrent
asset quality with a focus on maintaining financing position requirements that have been outlined in
quality through strict monitoring and collection Bank Indonesia Regulation No. 11/10/PBI/2009
criteria, and through law-abiding relaxation of concerning Sharia Business Units (repealed
restructuring. July 12, 2023) and Financial Services Authority
Regulation (POJK) No. 12 of 2023 concerning
Sharia Business Units (valid from July 12, 2023).
The concurrent positions of SSB members are as
follows:
Name Position at Other Company Name of Company
Prof. DR. H. M. Din Syamsuddin, MA. - -
(Ketua)
Dr. Hasanudin, M.Ag. (Anggota) Chairman of SSB Bank Syariah Indonesia (BSI)
Chairman of SSB Toyota Astra Finance Services Syariah
Chairman of SSB PT Sarana Multigriya Finansial (UUS)
Chairman of SSB PT Trimegah Asset Management (UUS)
Dr. Asep Supyadillah, M.Ag. (Anggota) Chairman of SSB PT Capital Life Syariah
Chairman of SSB PT Asuransi Jiwa Generali Indonesia (UUS)
Member of SSB PT Fintek Karya Nusantara (Link Aja Syariah)
496 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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1.3 SSB Work Program in 2023 d) Generating a SSB Supervision Report every
In 2023, UUS Danamon’s Sharia Supervisory 6 (six) months to be submitted to the OJK
Board had the following work programs: with copies to send to DSN-MUI, the Board of
a) Holding meetings at least 12 (twelve) times Commissioners, the UUS Danamon Board of
a year to discuss issues regarding sharia Directors, the Internal Audit Work Unit, and
principles, to submit new products, or to the Compliance Division.
request opinions on several conditions that e) Gaining information/ knowledge about Sharia
have occurred in the field. and banking by continuously optimizing the
b) Conducting regular reviews, including potential of the Sharia Supervisory Board
monitoring the fulfillment of Sharia principles through various training and workshop
on the mechanisms for raising funds and activities for the development and progress
channelling funds as well as UUS services of UUS Danamon.
by means of sampling both funding-based f) Providing advice and recommendations to
customers and financing customers. the Board of Directors of UUS Danamon
c) Establishing good cooperation with Sharia & in particular and the management of
CREM Assurance - UUS Danamon in carrying Danamon in general. The types of advice and
out all UUS Danamon’s SSB activities (such recommendations include topics involving
as SSB Opinion Requests), and examining improvement, compliance with sharia
and requesting clarification from authorized principles, and the development and growth
UUS Danamon officials regarding matters of UUS Danamon.
deemed necessary.
1.4 SSB Work Realization in 2023
a) SSB held 15 (fifteen) routine meetings in 2023. Details for the time, place, meeting agenda, and attendance
for each of these meetings can be seen in Appendix 2. The attendance rates of each SSB member are as
follows:
Name Total attendance
1. Prof. Dr. H. M. Din Syamsuddin, MA. 13
2. Dr. Hasanudin, M.Ag. 15
3. Dr. Asep Supyadillah, M.Ag. 15
SSB meetings held throughout 2023 have complied with Bank Indonesia and OJK regulations. Decisions
throughout SSB meetings are made based on deliberation for consensus. The resolutions of these
meetings have been recorded in Minutes of Meetings and have been fully documented and submitted to
the Board of Directors and/or the Bank management for implementation.
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 497
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b) In order to evaluate compliance with sharia principles periodically throughout 2023, of the data presented
on 247 customers, SSB has conducted sampling tests on 135 funding and financing customers with the
following details:
Presented Customer Data Sampled Customer Data
155 Funding customers; 65 Funding customers;
Financing: Financing:
8 Employee Cooperative Customers; 6 Employee Cooperative Customers;
30 SME Customers; 17 SME Customers;
4 Islamic People’s Financing Bank (BPRS) customer; 2, Islamic People’s Financing Bank (BPRS) customer;
4 Enterprise Banking (EB) Customers 3 Enterprise Banking (EB) Customers
14 Consumer Customers 10 Consumer Customers
32 Adira Joint Financing (JF) customers 32 Adira Joint Financing (JF) customers
c. Throughout 2023, SSB has coordinated with Sharia & CREM Assurance - UUS Danamon to support its
function as a Sharia Supervisory Board. It has issued 25 (twenty five) SSB Opinions, the details of which
are as follows:
No ISSUES/TOPIC
1 Sharia Opinion on the D-Bank Pro TPS Program
2 Sharia Opinion on 2023 Sharia Day Event Activities
3 Sharia Opinion on Marketing Programs for Special Hajj Deposit Payment & Repayment Services for Partners/Travel Bureaus
and Special Hajj Pilgrim Customers
4 Sharia Opinion on PPR Danamon Lebih Syariah under Wadiah Agreement
5 Sharia Opinion on the 2023 Deepening Program Alignment
6 Sharia Opinion on Replanting Investment Financing Scheme with an MMQ Agreement & Rental Payments during the
Construction Period using Bailout Funds
7 Sharia Opinion on Sharia Customer Foreign Currency Buying and Selling Services using Parent Bank Treasury Services
(Conventional Treasury)
8 Sharia Opinion on the Alignment of the 2023 NTB Acquisition Program
9 Sharia Opinion on Sharia Digital Banking Services Community Platform (Community Platform)
10 Sharia Opinion on Dirham Card Reissuance
11 Sharia Opinion on Sharia Distributor Financing (DF)
12 Sharia Opinion on the Danamon Lebih Syariah Home Ownership Financing (PPR)
13 Sharia Opinion on the Danamon 67th Anniversary Program
14 Sharia Opinion on the Hajj Savings Acquisition Program for Umrah & Hajj Associations
15 Sharia Opinion on the Top Up Balance Program
16 Sharia Opinion on Draft Clauses related to Foreign Exchange Buying and Selling in the General Terms and Conditions of
Sharia Banking Accounts & Services
17 Sharia Opinion on the iB Hajj Savings Plan (TRH) Reward Program
18 Sharia Opinion on the Telesales Championship Program
19 Sharia Opinion on the Process of Opening a Danamon Adira iB Savings Account
20 Sharia Opinion on the Use of Conventional Insurance to cover life insurance risks for employee cooperative financing
(Kopkar) under take over scheme
21 Sharia Opinion on Changes in Product Features of the iB Hajj Savings Plan (TRH iB)
22 Sharia Opinion on the 2023 Waqf Program Product Extension Draft
23 Sharia Opinion on the the 2023 Benevolent Fund SOP Draft Extension
24 Sharia Opinion on Sharia Corporate Dirham Cards – UUS Danamon
25 Sharia Opinion on the Naming of Applications for Digital Banking Services Sharia Community Platform
498 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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d) Reporting the results of DPS supervision every 6 (six) months to OJK with a copy to DSN-MUI, the Board
of Commissioners, UUS Danamon’s Director, the Internal Audit Work Unit, and Danamon Compliance
Division.
e) The SSB of UUS Danamon in 2023 has attended various training activities/ workshops to develop/optimize
its potential as a Sharia Supervisory Board. The details of these activities are in the following table:
No TRAINING/WORKSHOP
1 Pre-Ijtima’ Sanawi Workshop (Annual Meeting) DPS VIII 2023 on Sharia Commercial Banks and Sharia Business Units on
August 10 2023 at the Mercure Hotel Jakarta Batavia, Jl. Kali Besar Barat No.44 Roa Malaka Tambora, West Jakarta 11230
2 Ijtima’ Sanawi (Annual Meeting) DPS XIX 2023 on September 21, 2023 at the Grand Sahid Jaya Hotel, Jl. Jenderal Sudirman
No. 86 Jakarta 10220
f) Providing advice and recommendations to the Director of UUS Danamon during SSB monthly meetings
or on certain occasions on topics that involve improvement, compliance with Sharia principles, and the
development and growth of UUS Danamon.
1.5 SSB Supervision
SSB supervision results are reported to OJK with copies to the Compliance Division, Internal Audit Work
Unit, the Board of Directors and Board of Commissioners of PT Bank Danamon Indonesia Tbk and the
National Sharia Board-Indonesian Council of Ulama (DSN-MUI) through the publication of DPS Supervision
Reports for 2 (two) specific periods: the Mid-Year and End of 2023 Supervision Reports (LHP) that consist
of:
• Reports on finances, branch or office networks, products, human resources, and regular meetings with
UUS Danamon management during the supervision period.
• Reports on the implementation of follow-ups on the conformity of bank products and services with
DSN-MUI fatwas
• Working papers for supervising bank activities and product development.
• The Sharia Supervisory Board Opinion issued during the supervision period.
In addition to supervising, SSB also gives recommendations, suggestions, and advice to the Board of
Directors of PT Bank Danamon Indonesia Tbk and to UUS Danamon management in the form of DPS
Opinions issued according to specific management needs.
1.6 SSB Work Guidelines and Rules
The Sharia Supervisory Board uses the Sharia Supervisory Board Guidelines and Work Procedures, both of
which are reviewed periodically. UUS Danamon always aligns its Sharia Supervisory Board Guidelines and
Work Procedures in accordance with developments in applicable rules and regulations.
1.7 SSB Remuneration
Remuneration and other facilities for UUS Danamon SSB members are proposed by the Danamon
Nomination and Remuneration Committee and determined at the Danamon General Meeting of
Shareholders. The amount of remuneration and other facilities given out in 2023 were as follows:
Received amount in 1 year (gross)
Total Remuneration and Other Facilities
People Rupiah
1. Remuneration 3 1,670,083,305
Health Insurance including for
2. Other Facilities 3
immediate family
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 499
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Total Remuneration per person in 1 year Total SSB
Above 2 billion Rupiah -
Between 1 billion to 2 billion Rupiah -
Above 500 million Rupiah up to 1 billion Rupiah 1
Under 500 million Rupiah 2
2. DIRECTOR OF UUS
The Director of UUS Danamon has done the following to implement GCG:
a) Coordinate with all levels of the organization in UUS Danamon to carry out recommendations or input from
the SSB generated from the results of routine meetings and SSB Supervision Reports.
b) Coordinate with all directorate levels at the Parent Bank for UUS Danamon business development and
improvement, including operational coordination and the marketing of sharia products through Sharia
Services at the parent bank branches.
c) Ensure that the soundness level of UUS Danamon is in accordance with OJK regulations.
d) Coordinate with Bank Indonesia and OJK.
e) Is a member of the Risk Management Committee.
3. LIST OF CONSULTANTS AND LEGAL ADVISORS
Throughout the 2023 period, no consultant service and legal advice were rendered.
4. INTERNAL FRAUD
There were no cases of internal fraud at UUS Danamon throughout 2023.
Total
Legal Case
Civil Criminal
Resolved (the case has a legally binding judgement) Nil Nil
In settlement process Nil Nil
Total Nil Nil
Number of Cases Committed by
Internal Fraud in 1 year Members of the Board
Permanent
of Commissioners/ Temporary employees
employees
Directors
2022 2023 2022 2023 2022 2023
Total Fraud Nil Nil Nil Nil Nil Nil
Settled Nil Nil Nil Nil Nil Nil
In internal settlement process Nil Nil Nil Nil Nil Nil
No settlement effort has been made Nil Nil Nil Nil Nil Nil
Has been followed up through the
Nil Nil Nil Nil Nil Nil
legal process
500 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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5. LEGAL ISSUES
The following is the status of legal issues at UUS Danamon in 2023:
Total
Legal Case
Civil Criminal
Resolved (the case has a legally binding judgement) Nil Nil
In settlement process Nil Nil
Total Nil Nil
6. ACTIVITIES OF UUS DANAMON
UUS Danamon’s activities consist of 2 (two) things: the distribution of welfare funds for social activities and
receiving awards in Indonesian banking. The following are the details:
6.1 Distribution of Welfare Funds for Social Activities
This is done with reference to Law Number 21 of 2008 concerning Islamic Banking Chapter II concerning
Principles, Objectives, and Functions. Islamic banks also carry out social functions as stated in Article 4,
paragraph 2, which reads: “Sharia banks and UUS can carry out social functions in the form of baitul mal
institutions. It can do this by receiving funds originating from zakat, infaq, alms, grants, or other social
funds and distributing such funds to zakat management organizations.” It also operates based on DSN MUI
Fatwa Number 123/DSN-MUI/XI/2018 concerning the Use of Funds That May Not Be Recognized as Income
for Islamic Financial Institutions, Islamic Business Institutions, and Islamic Economic Institutions. In relation
to this function, UUS Danamon carried out 45 distributions throughout 2023 to institutions, foundations,
mosques/mushollas, and eligible individuals, for a total of Rp652,252,000.00 The details of these activities can
be seen in Appendix Table 3.
6.2 UUS Danamon Awards
The following are the awards received by UUS Danamon in 2023:
• 1st Place - Sharia Business Unit Category Conventional Commercial Bank Assets Rp5 T – 10 T, Infobank Digital
Brand Award.
• Golden Recognition – 5 consecutive years in Service excellence for Sharia Business Unit, Infobank-MRI Banking
Service Excellent 2023.
• Rank 1 - Sharia Business Unit in Best Teller, Infobank-MRI Banking Service Excellent 2023.
• Excellence Financial Performance – Islamic Banking Unit of Commercial Banking in 2022 (Asset Class IDR5 -
<10Trillion)
• 3rd Place - Sharia Business Unit in Banking Service Excellence Award, Infobank-MRI Banking Service Excellent
2023.
• 3rd Place - Sharia Business Unit in Best Walk-in Channel in Service Excellence, Infobank-MRI Banking Service
Excellent 2023.
• Rank 3 - Sharia Business Unit in Best Walk-in Channel &; Digital Channel in Service Excellence, Infobank-MRI
Banking Service Excellent 2023.
• Certificate of Appreciation from Infobank – The Asian Post in Infobank 12th Sharia Award 2023.
7. NON-HALAL INCOME AND ITS USAGE
UUS Danamon did not generate any non-halal income throughout 2023.
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 501
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8. UUS DANAMON’S GCG SELF-ASSESSMENT RESULTS 2023
Based on the working papers related to the self-assessment of UUS Danamon’s 2023 GCG implementation, we
would like to present a summary of the calculation of the 2023 composite score and the results of the 2023 UUS
Danamon GCG self-assessment:
TABLE OF COMPOSITE VALUE CALCULATION SUMMARY IN 2023
Rating Weight Score
No Factor
(a) (b) (a) x (b)
1 Implementation of the duties and responsibilities of the UUS Director 2 35.00% 0.70
2 Implementation of duties and responsibilities of the SSB 2 20.00% 0.40
3 Implementation of sharia principles in fund collection and distribution 2 10.00% 0.20
activities as well as service delivery
4 Distribution of funds to core financing customers and saving of funds by 2 10.00% 0.20
core depositors
5 Transparency of financial and non-financial conditions, GCG 1 25.00% 0.25
implementation reports and internal reporting
Mark 100% 1.75
Composite
Predicates: Very Good/Good/Fairly Good/Poor/Not Good
TABLE OF UUS DANAMON’S GCG SELF-ASSESSMENT RESULTS 2023
Rank Weight Mark
No Factor Predicate
(a) (b) (a) x (b)
1 Implementation of the duties and responsibilities 2 35% 0.70 Good
of the UUS Director
• The Director of UUS Danamon passed BI’s fit &
proper test, is independent, has no conflict of
interest & his appointment has been reported to
BI.
• The Director of UUS Danamon is responsible
for managing UUS Danamon, following up on
SSB recommendations & providing data for SSB
supervision.
2 Implementation of DPS duties and responsibilities 2 20% 0.40 Good
• 3 (three) SSB members, who have adequate
integrity, competence and financial reputation,
are appointed through the GMS based on the
recommendations of the Nomination Committee
and recommendations of the DSN-MUI with a
term of office not exceeding that of the Directors/
Board of Commissioners. The dual positions
of SSB members are in accordance with Bank
Indonesia regulations.
• SSB has assessed and ensured compliance with
sharia principles for UUS Danamon products
and operational guidelines and submitted
supervisory reports in accordance with Bank
Indonesia regulations.
• SSB held 15 (fifteen) meetings during 2023.
Meeting decisions are based on deliberation and
consensus, are well documented and submitted
as recommendations for follow-up by UUS
Danamon management
• Concurrent positions as SSB members at other
sharia financial institutions as well as DPS
remuneration/other facilities have been reported
in the GCG Implementation Report. SSB members
do not hold concurrent positions as consultants
in all Danamon BUS/UUS. In accordance with the
SSB Work Guidelines and Rules, SSB members do
not use UUS Danamon for personal interests.
502 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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Rank Weight Mark
No Factor Predicate
(a) (b) (a) x (b)
3 Implementation of sharia principles in fund 2 10% 0.20 Good
collection and distribution activities as well as
service delivery.
• Every product that will be issued by UUS
Danamon is reviewed by the Sharia Assurance
Unit, Bank Danamon Compliance Division and a
SSB opinion is requested to ensure the product’s
conformity with the DSN - MUI Fatwa.
• UUS Danamon in implementing fund collection
products, distribution of funds and services is
in accordance with the DSN-MUI Fatwa and OJK/
BI regulations, including by conducting periodic
reviews of product policies & carrying out an
internal audit process.
4 Distribution of funds to core financing customers 2 10% 0.20 Good
and storage of funds by core depositors.
• UUS Danamon has implemented the principle
of prudence in providing funds, especially to
Core Customers by always referring to OJK/BI
regulations.
• UUS Danamon does not provide special
treatment for Core Financing Customers and
Core Depositors so that treatment of core
customers follows the general policy of UUS
Danamon.
• Danamon’s UUS fund provision program
products have been reviewed periodically in
accordance with Bank regulations.
• A detailed list of Core Financing Customers and
Core Depositor Customers has been submitted
to the Financial Services Authority in accordance
with applicable regulations.
5 Transparency of financial and non-financial 1 25% 0.25 Very Good
conditions, GCG implementation reports and
internal reporting.
• UUS Danamon has prepared Quarterly Published
Financial Reports and announced them in
national newspapers and websites in accordance
with OJK/BI regulations.
• UUS Danamon has conveyed the targets,
strategies and development policies of UUS
Danamon in the Bank Business Plan (RBB)
and submitted information on UUS business
development in the RBB Realization Report and
the Bank’s Annual Report.
• UUS Danamon has carried out a GCG Self-
Assessment, prepared a GCG Implementation
Report in accordance with OJK/BI regulations.
• UUS Danamon has good internal reporting and
is able to present data/information from the core
system and supporting systems. The reporting
system is supported by human resources who
have training and experience as well as an
adequate IT security system in accordance with
Bank Danamon’s IT Security procedures.
Mark 100% 1.75 Good
Predicates: Very Good/Good/Fairly Good/Poor/Not Good
GENERAL CONCLUSIONS
Based on the results of its GCG self-assessment for 2023, UUS Danamon earned a composite score of 1.75 or falling
under the “Good” rating.
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 503
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GCG implementation at UUS Danamon in 2023 has complied with several provisions involving GCG, specifically: 1. It remains in strict compliance with applicable regulations and in the implementation of sharia principles in fundraising activities and the channelling of funds, as well as sharia unit services. 2. It boosts its third-party funds by optimizing the functions of its Sharia branch office network and Sharia services through its main bank office network while continuing to apply the principle of prudence and boosting the knowledge of its human resources regarding Sharia principles. 3. Fund channeling, customer financing, and fundraising activities remained consistent by applying the principles of prudence and independence based on Sharia principles. 4. Financial and non-financial conditions remained transparent. GCG implementation reports and internal reports were carried out regularly and transparently in accordance with applicable regulations. 5. The Sharia Director of UUS Danamon has met the required criteria, including competence in the field of Sharia, and is fully committed in developing UUS Danamon, following up on recommendations from the SSB, and providing data regarding the growth and condition of UUS Danamon every month through regular SSB meetings. 6. The SSB of UUS Danamon has carried out its duties and responsibilities. This includes ensuring that all of its members have good reputations and competence. It also includes holding regular SSB meetings, providing opinions, recommendations, and reviews on UUS Danamon products and generating a SSB Supervision Report every semester. UUS Danamon will continue in a sustainable manner to make improvements by boosting the productivity of its human resources. The Board will do this while also increasing knowledge and capabilities regarding Sharia banking. The Board will also provide a more effective information management system, improve work processes and procedures, and optimize all potential that exists in the main bank office network (office channeling) in order to achieve performance according to predetermined targets, which will eventually benefit all stakeholders and protect their interests. We made the above improvement efforts with priority placed on GCG principles and prudential principles while optimizing our performance in implementing Sharia Principles. We have achieved all of this while building more effective communication with SSB and the Director of UUS Danamon by improving compliance function, risk management, and internal audit. Not least of all, thanks to the support of Danamon, its strong infrastructure, extensive service network, and good brand awareness, we have been able to make positive impacts and will deliver even more as we compete healthily for UUS Danamon in the Sharia banking industry while remaining consistent in implementing sharia principles in banking activities. Sharia Business Unit PT Bank Danamon Indonesia Tbk Herry Hykmanto Sharia Director 504 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
Page 507
APPENDIX 1
TABLE OF DETAILS OF THE SCHEDULE AND SHARIA FINANCIAL LITERACY PROGRAM 2023
Implementation Form of Implementation
No. Name of Activity Subject Target Party Name
Schedule Implementation Area
1 January 21, 2023 Financial & Online / Webinars Financial Planning Vocational The Greater Industrial
Digital Literacy & Investment for School Jakarta Area Partner
for MM2100 Millennials Students, Vocational
Vocational School Teachers, School
Students Parents of
Students
2 June 16, 2023 Sharia Banking Presentation of Sharia Banking Academic Jatinangor Faculty of
Literacy material (Offline) Financial Literacy Staff, Faculty Cultural
Members Sciences,
Padjadjaran
University
3 June 19, 2023 Sharia Banking Presentation of Sharia Banking Student The City of Bogor Empang
Literacy material (Offline) Financial Literacy Elementary
School, Bogor
City
4 June 19, 2023 Sharia Banking Presentation of Sharia Banking Principals, The City of Bogor One of the
Literacy material (Offline) Financial Literacy Teachers, elementary
Academic Staff schools in
throughout Bogor City
the city of
Bogor
5 July 12, 2023 Public Lecture on Presentation of Smart Finance Student Cikarang MM2100
“ Smart Finance material (Offline) Management for Industrial
Management 12th Graders of Partner
Vocational School Vocational
School
6 July 26, 2023 Public Lecture on Presentation of Smart Finance Student Cikarang MM2100
“Smart Finance material (Offline) Management for Industrial
Management 11th Graders of Partner
Vocational School Vocational
School
7 August 9, 2023 Public Lecture on Presentation of Smart Finance Student Cikarang MM2100
Smart Finance material (Offline) Management for Industrial
Management 10th Graders of Partner
Vocational School Vocational
School
8 August 16, 2023 Public Lecture on Presentation of Millennial-Style Student Cikarang MM2100
“Millennial Style material (Offline) Investment for Industrial
Investment” 12th Graders of Partner
Vocational School Vocational
School
9 August 23, 2023 ;Public Lecture on Presentation of Millennial-Style Student Cikarang MM2100
“Millennial Style material (Offline) Investment for Industrial
Investment” 11th Graders of Partner
Vocational School Vocational
students School
10 August 30, 2023 Public Lecture on Presentation of Millennial-Style Student Cikarang MM2100
“Millennial Style material (Offline) Investment for Industrial
Investment” 10th Graders of Partner
Vocational School Vocational
School
11 September 7, Public Lecture on Presentation of Millennial-Style Student Cikarang MM2100
2023 “Millennial Style material (Offline) Investment for Industrial
Investment” 10th Graders of Partner
Vocational School Vocational
School
12 October 15, 2023 Sharia banking for Presentation of Sharia banking for Community South Jakarta Jakarta
daily transactions material (Offline) daily transactions of Indonesian Ministry of
Muslim Cooperatives
Women Buildin
Entrepreneurs
13 December 13, Sharia banking for Presentation of Sharia banking for Elementary City of Bogor Empang
2023 financial planning material (Offline) financial planning School Elementary
Students, School, Bogor
Teachers, City
Parents of
Student
PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023 505
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APPENDIX 2
TABLE OF DETAILS FOR THE TIME, PLACE, AND AGENDA OF SSB MEETING in 2023
No Day, Date & Place Agenda Participant Units
1 Monday, 1. D-Bank Pro TPS Program 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
January 10, 2023 2. Community Educational Ecosystem 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Program 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 4. Dadan Setiawan UUS
5. Dedy Setiadi UUS
6. Niken Indah Tri P UUS
7. Siti Chodidjah UUS
8. Sara Zathira S. UUS
9. Merisa Ardini UUS
10. Albi Ariza UUS
2 Thursday, 1. Opinion (Continued) on benefit 1. Dr. Hasanudin, M.Ag. SSB
January 26, 2023 calculations for Sharia Home 2. Dr. Asep Supyadillah, M.Ag. SSB
DSN-MUI Office Ownership Financing (PPR) 3. Dadan Setiawan UUS
2. Case of Refinancing / 4. Sutarto Anto UUS
Reinstatement of IMBT CV Gema 5. Merisa Ardini UUS
Nusa Financing
3. Sampling Pick Test Semester II
2022 for Customers I Gusti Putu
Ismawan and Auliyarioati
3 Selasa, 14 Februari 2023 1. Opinion (Continued) on Sharia 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
Virtual Meeting by MS Home Ownership Financing (PPR) 2. Dr. Hasanudin, M.Ag SSB
Teams with Wadiah Agreement 3. Dr. Asep Supyadillah, M.Ag SSB
2. Marketing Program for Special Hajj 4. Dadan Setiawan UUS
Deposit Payment & Repayment 5. Sutarto Anto UUS
Services for Partners/Travel 6. Merisa Ardini UUS
Bureaus and Special Hajj Pilgrim 7. Hendy Saputra UUS
Customers 8. Nia Febriyanti UUS
3. Sharia Opinion on Biodiesel 9. Nabila Sanira UUS
Financing 10. Siti Chodidjah UUS
4 Tuesday, 1. Investment financing for Replanting 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
February 14, 2023 with MMQ Scheme & Lease 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Payments during construction 3. Dr. Asep Supyadillah, M.Ag SSB
Teams period using bailout funds. 4. Dadan Setiawan UUS
2. Sharia Customer Forex Sale and 5. Dedy Setiadi UUS
Purchase Service using Parent Bank 6. Niken Indah Tri P UUS
Treasury Service (Conventional) 7. Dwi Rachmawati UUS
3. Marketing Program Funding 2023 8. Sutarto Anto UUS
Aligment dengan konven : a. 9. Hendy S UUS
Program Deepening, b. Program 10. Albi Ariza UUS
Akusisi, c. Proposed program 11. Raga Dedja A. UUS
Danamon Lebih Pro iB (Multi 12. Mery Agestiani UUS
Currency Account)
5 Friday, 1. Musyarakah Financing Scheme for 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
March 17, 2023 the Batang Integrated Industrial 2. Dr. Hasanudin, M.Ag SSB/
Virtual Meeting by MS Area 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 2. Danamon Lebih Syariah PPR 4. Yatno Sukendar UUS
(request for continued SSB 5. Dadan Setiawan UUS
Opinion) 6. Dedy Setiadi UUS
3. Proteksi Prima Perlindungan Utama 7. Siti Chodidjah UUS
Products 8. Merisa Ardini UUS
9. Niken Indah Tri P UUS
10. Muhammad Fadli Nugraha UUS
11. Sutarto Anto UUS
12. Nabila Sanira UUS
13. Nia Febriyanti UUS
14. Kasso Hamka UUS
15. Lukman Hakim Burhan UUS
16. Hendy Saputra UUS
17. Raga Dedja A. UUS
506 PT BANK DANAMON INDONESIA TBK LAPORAN TAHUNAN 2023
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No Day, Date & Place Agenda Participant Units
6 Friday, 1. Financial Overview – YTD Mar 2023 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
April 14, 2023 2. Sharia Distributor Financing 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Program cooperation scheme 3. Dr. Asep Supyadillah, M.Ag DPS
Teams 4. Refita Rulli Arief SSB
5. Yatno Sukendar UUS
6. Yusuf Pratama UUS
7. Sutarto Anto UUS
8. Dwi Rachmawati UUS
9. Sari Utami UUS
10. Achmadijan Firdaus UUS
11. Masnun Nadia UUS
12. Siska Haibah UUS
13. Rezeki Syawalia Asri L UUS
14. Siti Chodidjah UUS
15. Dadan Setiawan UUS
16. Dedy Setiadi UUS
17. Niken Indah UUS
18. Muhammad Fadli Nugraha UUS
19. Merisa Ardini UUS
7 Tuesday, 1. Use of sharia accounts for 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
May 30, 2023 derivative transactions 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS 2. Sharia Distribution Financing (Case 3. Dr. Asep Supyadillah, M.Ag SSB
Teams study: Kabulinco) 4. Yatno Sukendar UUS
3. ECS financing with the Hawalah Bil 5. Christina Batubara Legal Counsel
Ujroh agreement 6. Raditi Ariestarini Legal Counsel
4 .PPR insurance (case study: Ciputra 7. Sutarto Anto UUS
developer collaboration) 8. Dwi Rachmawati UUS
5. PKS referrals and collective account 9. Diah Natalin Saragih Compliance
opening via community platform 10. Vivian Dolorosa P.M Compliance
11. Masnun Nadia UUS
12. Hendy Saputra UUS
13. Siska Haibah UUS
14. Rezeki Syawalia Asri L UUS
15. Siti Chodidjah UUS
16. Dadan Setiawan UUS
17. Niken Indah UUS
18. Merisa Ardini UUS
8 Monday, 1. Distributor Debt Repayment by 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
June 19, 2023 Principal in Distributor Financing 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS 2. Reissuance of Dirham Card 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 4. Dadan Setiawan UUS
5. Sutarto Anto UUS
6. Dwi Rachmawati UUS
7. Dedy Setiadi UUS
8. Siska Haibah UUS
9. Rahlati Fatwa Dewi UUS
10. Siti Chodidjah UUS
11. Niken Indah UUS
12. Merisa Ardini UUS
9 Monday, 1. Sharia Opinion on the Hajj Savings 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
July 3, 2023 Acquisition Program for Umrah & 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Hajj Associations 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 2. Sharia Opinion on the Danamon 4. Dadan Setiawan UUS
67th Anniversary Program 5. Dedy Setiadi UUS
3. Sharia Opinion on the Topup 5. Sara Zathira S UUS
Balance Program 6. Retno Kusuma Suryantami Wealth Mgt
4. Following up on sharia opinion 7. Mery Agestiani UUS
on the use of sharia accounts
for purchasing conventional
investment products (suggestion
of follow-up questions from the
Wealth Management Team)
10 Friday, 1. Sharia Opinion on Sales of Sharia 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
July 28, 2023 Bond Products – Cash Waqf Linked 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Retail Sukuk (Retail CWLS) 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 2. Implementation of Al-Sharf 4. Yatno Sukendar UUS
(currency buying and selling) in 5. Dadan Setiawan UUS
Forex Products 6. Dedy Setiadi UUS
3. Addendum to Sharia Services & 7. Mery Agestiani UUS
Product Program Syartum 8. Siti Chodidjah UUS
9. Niken Indah Tri P UUS
10. Merisa Ardini UUS
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CORPORATE DATA
No Day, Date & Place Agenda Participant Units
11 Friday, 1. Sharia Opinion on the Digital 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
August 4, 2023 Community Platform Acquisition 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Program 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 2. Syirkah Financing Products 4. Yatno Sukendar UUS
5. Dedy Setiadi UUS
6. Niken Indah Tri P UUS
7. Sutarto UUS
8. Dwi Rachmawati UUS
9. Sari Utami UUS
10. Sara Zathira Siregar UUS
11. Nia Febriyanti UUS
12. Rizky Dinar Kusumadewi UUS
13. Merisa Ardini UUS
12 Monday, 1. Dirham Card product features 1. Dr. Hasanudin, M.Ag SSB
September 18, 2023 2. Marketing program to support 2. Dr. Asep Supyadillah, M.Ag SSB
Virtual Meeting by MS marketing of Dirham Card products 3. Dadan Setiawan UUS
Teams 3. Review Marketing collateral 4. Niken Indah Tri P UUS
for Card products (application, 5. Siti Chodidjah UUS
Summary of Product and Service 6. Dwi Rachmawati UUS
Information (RIPLAY) including 7. Rahlati Fatwa Dewi UUS
Product Terms and Conditions 8. Rizky Dinar Kusumadewi UUS
9. Merisa Ardini UUS
13 Tuesday, 1. Sharia Opinion on the TRH iB 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
October 10, 2023 Reward Program 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS 2. Sharia Opinion on the Telesales 3. Dr. Asep Supyadillah, M.Ag SSB
Teams Championship Program 4. Dadan Setiawan UUS
3. Sharia Opinion on the Process 5. Niken Indah Tri P UUS
of Opening a Danamon Adira iB 6. Siti Chodidjah UUS
Savings Account 7. Merisa Ardini UUS
8. Sara Zathira Siregar UUS
9. Masnun Nadia UUS
10. Rizky Dinar Kusumadewi UUS
14 Tuesday, Sharia Opinion regarding Extension 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
November 14, 2023 of the Term of IMBT (Bullet Payment) 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS Facilities 3. Dr. Asep Supyadillah, M.Ag SSB
Teams 4. Niken Indah Tri P UUS
5. Sutarto Anto UUS
6. Kasso Hamka UUS
7. Merisa Ardini UUS
15 Friday, 1. Sharia Opinion on the 2023 Waqf 1. Prof. Dr. H. M. Din Syamsuddin, MA. SSB
December 15, 2023 Product Program (PP) Extension 2. Dr. Hasanudin, M.Ag SSB
Virtual Meeting by MS 2. Sharia Opinion on Changes to 3. Dr. Asep Supyadillah, M.Ag SSB
Teams Product Features of the Hajj Ib 4. Sutarto Anto UUS
Savings Plan (TRH iB) 5. Dwi Rachmawati UUS
3. Proposed additions / Addendum to 6. Rahlati Fatwa Dewi UUS
MoM 18 September 2023 regarding 7. Syifa Rizkia Nurfitriani UUS
Dirham Card - Corporate Card 8. Hendy Saputra UUS
Agreement 9. Dedy Setiadi UUS
10. Rezeki Syawalia Asri Lazuardi UUS
11. Niken Indah Tri P UUS
12. Dedy Setiadi UUS
13. Siti Chodidjah UUS
14. Merisa Ardini UUS
508 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 511
HIGHLIGHTS
FINANCIAL
APPENDIX 3
TABLE OF DISTRIBUTION OF UUS DANAMON’S VIRTUE FUND 2023
No Date Name of Beneficiary Purpose Nominal
1 January 3, 2023 UUS Danamon Sharia Financial Literacy Fund Assistance organized 10,000,000,00
by Youth Islamic Association (Persis)
MANAGEMENT REPORT
2 January 20, 2023 Ahmad Chairul Syah Financial assistance for the school needs of 5,339,000,00
orphaned/dhuafa children under the guidance of
Chairul
3 February 6, 2023 Partner Vocational Schools of Scholarship funding assistance to underprivileged 20,000,000,00
MM2100 Industrial Zone students of Partner Vocational Schools of MM2100
Mitra Industrial Area
4 February 7, 2023 LWP PBNU Funding assistance for the assignment of NU 50,000,000,00
preachers and waqf ambassadors to introduce
Islamic religious literacy, especially waqf to the
community (fii sabilillah assistance)
COMPANY PROFILE
5 March 2, 2023 Mosque Prosperity Lovers Assistance with compensation funds for poor 10,100,000,00
Community orphans by the Mosque Prosperity Lovers
Community, Bekasi Region
March 2, 2023 Mosque Prosperity Lovers Financial assistance for circumcision of converts 9,900,000,00
Community by by the Mosque Prosperity Lovers Community,
Bekasi Region
6 March 14, 2023 BDS Palembang Financial assistance to purchase Al Qur’an for 3,000,000,00
Tahfidz students at the Hidayatullah Mubtadin
Islamic Boarding School, Palembang
DISCUSSION & ANALYSIS
7 March 14, 2023 BDI Tanjung Morawa Financial assistance to purchase prayer equipment 2,000,000,00
(mukena) for converts/dhuafa/orphans/orphans
through Pemuda Hidayatullah, North Sumatra
MANAGEMENT
8 March 28, 2023 Al Barokah Prayer Room Financial assistance for Ramadhan activities at the 13,600,000,00
(Bank Danamon Tower) MBD prayer room on floor B1
9 March 28, 2023 BDS Lapangan Ros Financial assistance for the distribution of basic 15,000,000,00
necessities to the needy residing near the Lapangan
Ros Sharia Branch Office
10 March 31, 2023 Daarut Tauhiid Care Funding assistance for poor orphans, Daarut Tauhid 15,000,000,00
Foundation Peduli Foundation, Bandung
OPERATIONAL REVIEW
11 March 31, 2023 Sharia Economic Society Funding assistance for Ramadhan 1444 H activities 13,600,000,00
(MES) for the costs of lecturers & distribution of takjil
12 April 3, 2023 UUS Danamon Sharia economic and financial inclusion-literacy 20,000,000,00
assistance through the Sharia Economic Community
(MES) 1444 H Ramadhan blessing program
13 April 4, 2023 BDS Ciracas Financial assistance for distributing basic necessities 15,000,000,00
to the needy residing near BDS Ciracas
14 April 5, 2023 Al Ishlah Kiwi Bintaro Ramadhan 1444 H financial assistance for orphans 10,000,000,00
Foundation & underprivileged children at the Al Ishlah Kiwi
Bintaro Foundation
GOVERNANCE
CORPORATE
15 April 17, 2023 Ishlahul Ummah Islamic Funding assistance for the renovation of ablution 20,000,000,00
Boarding School places and toilets for students at the Ishlahul
Ummah Islamic Boarding School, Tasikmalaya
16 April 14, 2023 Daarut Tauhiid Waqf Financial assistance for waqf literacy activities with 50,000,000,00
Institution DT waqf
17 April 13, 2023 Lulu Qiroatun Quran Assistance with compensation funds for orphans 20,000,000,00
Foundation and the needy living in the Lulu Qiroatul Quran
Foundation, Depok
CORPORATE DATA
18 April 13, 2023 Rodhiyatul Jannah Surabaya Assistance with compensation funds for orphans 10,000,000,00
Orphanage Foundation at the Rodhiyatul Jannah Orphanage Foundation,
Surabaya
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 509
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CORPORATE DATA
No Date Name of Beneficiary Purpose Nominal
19 April 13, 2023 UUS Bank Danamon Head Compensation Fund Assistance for Orphans at UUS 6,550,000,00
Office Head Office
20 April 13, 2023 Asy Syukri Jami Mosque Funding assistance for the construction of the Asy 5,000,000,00
Syukri Jami Mosque, Jatinangor Sumedang
21 May 19, 2023 Yahya Ependi Financial assistance for the construction of clean 15,000,000,00
water wells in Ciharak Lebak Village, Banten
22 May 19, 2023 BDS Banda Aceh Safiatudin Compensation fund for orphans cared for by Darul 20,000,000,00
Mukarramah
23 May 26, 2023 UUS Bank Danamon Head Assistance with compensation funds for orphans 5,000,000,00
Office under the guidanace of Al Banna Islamic boarding
school foundation
24 June 8, 2023 Darul Fawwaz Foundation Funding assistance for the construction of the 10,000,000,00
UMMI Muslim Children’s Nursery School building,
2nd floor, Tasikmalaya, West Java
25 June 16, 2023 Muara Ukhuwah Qur’an Financial assistance for the construction of a prayer 15,000,000,00
House room and qur’an house in Muara Ukhuwah
26 June 21, 2023 SDN Empang 1 Bogor Sharia financial literacy funding assistance at SDN 1 3,000,000,00
Bogor 1 Public Elementary Empang Bogor
School
27 June 21, 2023 House of Tahfifzh Al Quran Financial assistance for the renovation of the 15,000,000,00
Halaqoh Assembly tahfifzh house of the Al Qur’an halaqah assembly,
Depok
28 July 13, 2023 Ahmad Chairul Syah Financial assistance for the school needs of 20,000,000,00
orphaned/dhuafa children under the guidance of
Chairul
29 July 20, 2023 Al Fath Qiroatun Nazwa Assistance from the Al Fath Qiroatun Nazwa Bogor 10,000,000,00
Foundation Foundation for orphans
30 July 28, 2023 Baitul Maal Adz Zikra Mosque Basic food infaq assistance to the poor at Baitul 5,000,000,00
Maal Mosque Adz Dzikra Depok
31 July 28, 2023 KBIHU Mirfat Assistance with compensation funds for orphans 3,000,000,00
and walimatul qodum KBIHU Mirfat Rangkas Bitung
32 August 23, 2023 Central Bogor School Sharia financial literacy funding assistance to 10,000,000,00
Principals Working Group elementary schools across Central Bogor
(K3S).
33 September 13, 2023 Al Barokah Prayer Room Financial assistance for preacher fees for taklim & 17,400,000,00
(Bank Danamon Tower) tahsin activities at the Al Barokah MBD Musholla
lt B1
34 September 25, 2023 Ma’arif Syaichona Moh Cholil Assistance for the renovation of the Syaichona Moh 50,000,000,00
Foundation Cholil Musholla at the Ma’arif Syaichona Moh Cholil
Foundation, Bangkalan, East Java
35 September 25, 2023 Baiturrohman prayer room Assistance for the construction of the Pondok Aren 15,000,000,00
Baiturrohman Mushollah, South Tangerang, Banten
36 October 30, 2023 Al Fatih Bintaro Bilistiwa Assistance for Kuttab Al Fath Class Construction, 10,000,000,00
Foundation South Tangerang BANTEN
37 October 27, 2023 BDS Langsa Teuku Umar Compensation assistance for orphans at the 2,000,000,00
commemoration of the Prophet’s Birthday 1443 H
by IPHI Langsa, Aceh
38 November 6, 2023 UUS Bank Danamon Head Compensation assistance for 20 orphans @ 10,000,000,00
Office Rp500,000 at Hotel Ascent Malang
39 November 16, 2023 Tahfidz Sulaimaniyah Islamic Financial assistance for auto purchase for 40,000,000,00
boarding school da’wah for the ustadz to the students/tahfidz of
Sulaimaniyah Islamic Boarding School, Semarang,
JATENG
510 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
No Date Name of Beneficiary Purpose Nominal
40 December 11, 2023 Al Barokah Prayer Room Financial assistance for lecturer costs for Taklim & 17,400,000,00
(Bank Danamon Tower) Tahsindi Mushollah Albarokah MBD activities, floor
B1
41 December 14, 2023 Ahmad Chairul Syah Financial assistance for the school needs of 4,763,000,00
MANAGEMENT REPORT
orphaned/dhuafa children for the odd and even
semesters of the 2023-2024 academic year under
the guidance of Achmad Chairul Syah
42 December 14, 2023 SDN Empang 1 Bogor Sharia financial literacy funding assistance at SD 3,500,000,00
Empang 01 Bogor
43 December 14, 2023 Pandansari Village Assistance with compensation funds for orphans in 5,600,000,00
Government Pandansari Ciawi District, Bogor
44 December 18, 2023 DKM Baitusaalam PT Financil asstance for mass circumcision for 20,000,000,00
Bridgestone Tire Indonesia underprivileged communities in the surrounding
area at DKM Baitusaalam PT Brigestone Tire
COMPANY PROFILE
Indonesia, Bekasi JABAR
45 December 21, 2023 Kemenag Rembang Infaq & Sodakoh fund assistance to the needy, poor, 1,500,000,00
dhuafa and orphans in the Ministry of Religion,
Rembang, JATIM
Total 652,252,000,00
DISCUSSION & ANALYSIS
MANAGEMENT
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 511
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CORPORATE DATA
CORPORATE
DATA
PT BANK DANAMON INDONESIA TBK
2023 ANNUAL REPORT
512 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 515
HIGHLIGHTS
FINANCIAL
PRODUCTS AND
SERVICES
MANAGEMENT REPORT
CONSUMER BANKING • Free e-Wallet Top Up Fees via WEALTH MANAGEMENT
D-Bank PRO up to 20 times per
DANAMON LEBIH PRO month (terms and conditions We provide a wide selection of
Danamon LEBIH PRO’s is a special apply) investment products according to
savings product designed to meet • 10% Cashback Every Month by customer needs, which include:
your daily transaction needs. Here Using Danamon Mastercard Debit
are some of the advantages that Card for Online Shopping and MUTUAL FUND
Danamon Lebih Pro has for your using QRIS at Minimarket (terms There are Open Ended Mutual
COMPANY PROFILE
transaction solutions; and conditions apply) Fund and Capital Protected Fund
• Foreign Exchange Transactions denominated in Rp and USD with
Enjoy the convenience of the support of 8 experienced
managing 9 (nine) currencies in 1 FLEXIMAX and professional Investment
(one) account. Premium savings product with Management business partners (PT
• Daily Financial Transactions several benefits, such as: Schroder Investment Management
Enjoy the convenience of Free • Attractive Interest Rates Indonesia, PT BNP Paribas
Transaction Fees for Cash • Free RTGS/SKN/Clearing Transfer Investment Partners, PT Manulife
Withdrawals and Free Transfer Fees Aset Manajemen Indonesia,
DISCUSSION & ANALYSIS
Fees to Other Banks via BI Fast up • Free Transfer Fees to Other Banks PT Danareksa Investment
to 99 times per month via BI Fast Management, PT Batavia
MANAGEMENT
• Daily Needs Transactions • Free Domestic ATM Cash Prosperindo Aset Manajemen,
Enjoy the relief of fulfilling Withdrawal Fees PT Bahana TCW Investment
all your daily needs with 5% • Free Overseas ATM Cash Management, PT Ashmore Asset
Cashback every month just by Withdrawal fees Management Indonesia Tbk, and
using Danamon Debit Cards PT Eastspring Investments
at Gas Station Merchants and TABUNGAN CITA2KU Indonesia).
Supermarkets (terms and A savings product with attractive
OPERATIONAL REVIEW
conditions apply) interest rates. Placement of fund BONDS
start at Rp500,000 per month, with • Indonesian Government Bonds
DANAMON SAVE flexible period starting from 1 to 15 products (in Rp and USD
Danamon Save provides you with years. denominations):
digital savings suitable for fulfilling - Government Securities with the
digital transactions and offers the DANAMON TIME DEPOSIT option of either conventional
following advantages: A product with placement of funds principles (Sovereign Debt
• Free Administration Fees that offer competitive interest rate, Instruments) or sharia
• Free Cash Withdrawal and Free flexibility of tenure and multiple principles (Sovereign Sharia
Transfer Fees to other Banks via choice of currencies. Securities) to bondholders with
GOVERNANCE
BI Fast up to 20 times per month yields/coupons of a certain
CORPORATE
amount and a certain period of
time.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 513
Page 516
CORPORATE DATA
• Corporate Bond Products (in Rp DANAMON CARDS DANAMON MASTERCARD
denomination): WORLD CREDIT CARD
- Debt securities issued by the These Credit Cards and Charge This is a premium card that is
company to bondholders Cards provide convenience in designed to meet modern lifestyle
with yield/coupon of a certain shopping and meet your lifestyle needs. Enjoy various attractive
amount and a specific period of needs. features such as collecting reward
time. points faster. You can earn 3
DANAMON GRAB CREDIT CARD D-Points for every transaction worth
FOREIGN CURRENCY This Danamon Grab Credit Card Rp2,500 that can be exchanged for
A currency exchange transaction is specifically intended to provide various points exchange rewards.
service with agreed rate by both financial solutions for Indonesia’s You also get access to airport
parties on the transaction date. young generation to help them lounges in major cities in Indonesia
Foreign exchange transaction become smart spenders. For and can enjoy various other
feature in D-Bank PRO application every Rp2,500 transaction in the attractive offers at partnered hotels
was launched in 2022, it allows Grab application, customers get and restaurants.
customers to easily do their forex 5 D-Points that can be exchanged
transaction in their hands. These for various rewards, including Grab DANAMON VISA INFINITE CREDIT
forex products also have the support Vouchers. In addition, customers CARD
of additional services: Direct Call can use this card to enjoy an This is a premium card that is
(a service for customers to make installment program of up to 36 designed to provide unlimited
foreign exchange transactions months, as well as an auto-upgrade privileges. Enjoy various attractive
directly with the Treasury team) and to GrabRewards Platinum for the features such as collecting reward
Leave Order (a service for placing first 6 months after your card is points faster. You earn 3 D-Points
foreign exchange transaction orders approved so that you can enjoy a for every transaction worth at
with an agreed foreign exchange premium allocation for least Rp2,500. These points can
price starting from market closing GrabCar/GrabBike orders. be exchanged for various points
to market opening on the next day). exchange rewards. You also get
DANAMON VISA PLATINUM access to airport lounges in major
STRUCTURED PRODUCTS CREDIT CARD cities in Indonesia and can enjoy
Foreign currency investments Danamon Visa Platinum Credit Card various other attractive offers at
have the opportunity to give provides better benefits for you and partnered hotels and restaurants.
higher yield than traditional time your family. It offers a 10% cashback
deposit interest rates, with the up to Rp200,000 every month for DANAMON WORLD ELITE™
price movements of the underlying retail transactions on weekends as MASTERCARD® CREDIT CARD
assets. Products can be diversified well as various attractive promos This is a prestigious credit card
and have a flexible investment for you and your family. that is offered exclusively for
period (from short to medium premium customers who want
term). The Structured Products DANAMON JCB PRECIOUS CREDIT to make all their life experiences
currently being offered by PT Bank CARD memorable. Enjoy advantage
Danamon Indonesia Tbk are Market This Danamon JCB Precious Credit such as collecting point rewards
Linked Deposits (MLD) and Dual Card is intended for hobbyists, faster than other credit cards.
Currency Investment (DCI). especially those who like to travel. Every Rp2,500 of transactions will
Every Rp2,500 worth of transactions earn 12 D-Points (overseas) and 8
will get you 4 D-Points, as well D-Points (domestic). You are also
as 16,000 D-Point bonuses each granted access to airport lounges
month for a minimum transaction in Indonesia and free access to
of Rp10,000,000. These points can various golf clubs in Indonesia. You
be exchanged for miles and other also can enjoy travel insurance and
points redemption options. You can purchase protection, which provide
also enjoy airport lounge access at convenience for your trips and
home and abroad. shopping experiences.
514 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 517
HIGHLIGHTS
FINANCIAL
DANAMON AMERICAN EXPRESS® DANAMON AMERICAN Danamon Mortgage is designed
GOLD CREDIT CARD AND CHARGE EXPRESS® CORPORATE CREDIT to assist customers in financing
CARD CARD the purchase of houses, stores
This membership program offers A card that offers efficiency and and apartments. It also helps
a prestigious card that serves savings solutions for medium- them financing house renovations,
MANAGEMENT REPORT
as a symbol of a successful life. sized and multinational companies house construction and villas
Cardholders can enjoy convenience to manage their daily business through property collateral, with
in shopping with unlimited spending expenses. various selection of products and
limits, world-class Membership characteristics.
Rewards® programs and access DANAMON PAYLIGHT® CARD
to airport lounges in Indonesia. The Danamon PayLight Card is a. KPR Danamon
This card also presents a series of a virtual card that makes users This provides financing for the
special offers for dining, staying and #AntiRibet #Jadi Ringan (free of purchase of houses/stores/
shopping around the world. hustle and unburdening) to shop offices, whether new or used,
now, payable in installments and as well as for buildings that are
COMPANY PROFILE
DANAMON PLATINUM CARD® interest free. Another feature of this ready stock or are indented. The
Danamon Platinum Card is cards a 0% installment feature for maximum loan offered is Rp15
exclusively dedicated to selected up to 3 months, set spending limits billion while the installment
individuals. It provides exclusive according to needs, and options periods range from 1 to 30 years*.
services such as the possibility of of virtual card display according to b. Kredit Pemilikan Apartemen (KPA)
earning 1 Membership Rewards card holder wishes. This product provides financing
Point for every Rp2,500 worth of for the purchase of apartments/
transactions spent anywhere, travel CONSUMER CREDIT SOHOs (Small Office Home
insurance of up to Rp5 billion for PRODUCTS Offices)/Condotels/Kiosks/Town
DISCUSSION & ANALYSIS
you and your family, flexible card House Strata Titles/Stores Strata
limits adapted to the use of card MORTGAGE Titles/Condominiums, whether
MANAGEMENT
transactions, and 24/7 services Danamon Mortgage product new or used, as well as buildings
through Relationship Manager or is a financing tool issued by in ready stock or indented. The
The Platinum Card Service that can PT Bank Danamon Indonesia Tbk maximum loan offered is Rp15
help you for all your needs. with property collateral. It has a billion with installment periods
minimum installment period of ranging from 1 to 30 years*.
DANAMON AMERICAN 1 (one) year and a maximum of c. Kredit Perbaikan dan
EXPRESS® GOLD BUSINESS CARD 30 (thirty) years. Interest rates Pembangunan Rumah (KPPR)
OPERATIONAL REVIEW
This Gold Business Card is for Danamon Mortgage products These are loans granted for the
specifically intended for personal consist of: purpose of building or renovating
customers within the small-to- • Fixed tiers until the end of the residential houses, shop-
medium business segment who Credit period (for certain loan houses/stores. The maximum
need cards as a means of payment tenors) loan offered is Rp15 billion with
to support their businesses. This • Fixed for a certain period and will installment periods ranging from
card product will offer payment be floating in period thereafter 1-30 years*.
flexibility through an Early Pay
Cashback feature (if the customer Terms and interest rates may differ
makes a full payment) or a Defer according to the type of product
GOVERNANCE
Pay Option with tiered interest and the financing objectives.
CORPORATE
rates depending on the remaining
payments.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 515
Page 518
CORPORATE DATA
d. Kavling Siap Bangun (KSB) BANCASSURANCE PROTEKSI PRIMA RENCANA
This service grants loans for the MAXIMA
purpose of purchasing lots on top PRIMAJAGA Proteksi Prima Rencana Maxima is
of which residential houses will This term life insurance product a unit-linked life insurance product
be built. KSB is only granted for provides protection against death with periodic premium payments
certain developer locations. The and disability risks through monthly that maximize investment and
maximum loan offered is Rp15 benefits (or as a substitute for provide the customer with
billion with installment periods family income). Customers get 50% protection packages (death benefit,
ranging from 1 to 7 years*. premium returns if no claims occur income replacement due to death/
e. Kredit Multiguna (KMG) during the coverage period. permanent total disability and
This service grants loans for premium exemption due to critical
obtaining cash funds wherein PRIMAJAGA 100 illness), loyalty benefits and end-of-
collateral is owned by the debtor. This term life insurance product coverage benefits.
The type of collateral is homes, provides protection against death
stores/offices or apartments. and disability risks through monthly PROTEKSI PRIMA MAXIPLUS
The maximum loan offered is benefits (or as a substitute for Proteksi Prima Maxiplus is an
Rp8 billion and with installment family income). Customers get insurance product aimed at
periods ranging from 1 to 10 100% premium return if no claims individual customers who need
years*. occur during the coverage period. unit-linked insurance protection
*)
subject to change according to with a single premium payment
Danamon’s policy. PROTEKSI PRIMA MEDIKA that provides investment benefits
Prima Medika Protection is an and life insurance protection up to
PRIMA CAR OWNERSHIP CREDIT insurance product with Hospital the age of 95.
(KPM) Treatment Benefits with premium
Prima Car Ownership Credit (KPM) refund at the end of the contract PROTEKSI PRIMA INVESTA
is a vehicle financing product if there are no claims for 5 (five) OPTIMAL
managed by PT Adira Dinamika Multi consecutive policy years. Unit link life insurance with a
Finance, Tbk. that offers 2-wheeled lump sum premium payment that
(motorcycle) and 4-wheeled (car) PROTEKSI PRIMA AMANAH provides investment benefits and
vehicle financing to Danamon A sharia life insurance product life protection at the same time.
customers with competitive interest that provides Death Benefits, Total Key benefits include additional
rates. It provides this service for Permanent Disability Benefits, and protection against inflation risks
both passenger and commercial End of Membership Benefits. It and investment benefits.
vehicles, and has simple document offers a minimum of 100% of the
requirements and comprehensive total premiums (contributions) that PROTEKSI PRIMA INVESTA
insurance options. have been paid. UTAMA
Unit link life insurance with regular
MULTI-PURPOSE LOAN (MPL) PROTEKSI PRIMA RENCANA premium payments which provides
This Multi-Purpose Loan (MPL) is a OPTIMA several benefits; The benefits
cash loan product that is provided This product, which combines Dwi include investment benefits, death
by pledging vehicle or motorcycle Guna Insurance and Unit Link, benefits due to illness, and death
ownership documents. This service provides a variety of investment benefits due to accidents amounting
is managed by PT Adira Dinamika benefits, such as Death Benefits, to 200% of the total asset insured.
Multi Finance, Tbk. and is offered Total Permanent Disability Benefits,
to Danamon customers with Loyalty Bonuses and Maturity
competitive interest rates, simple Benefits, with a protection period
document requirements and until the insured is 70 years old.
comprehensive insurance options.
516 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
PROTEKSI PRIMA PROTEKSI PRIMA WARISAN PROTEKSI PRIMA HARAPAN
PERLINDUNGAN UTAMA TERENCANA This is a Critical Illness Insurance
A unit-linked life insurance with Prima Warisan Terencana is a whole product with two stages of
periodic premium payments. It life insurance that offers death protection benefits against critical
provides optimal protection until benefits due to natural causes and illness: Early Stage Critical Illness
MANAGEMENT REPORT
the insured is 110 years old and additional benefits for death due to Benefits and Late Stage Critical
comes with a variety of additional accidents and benefits for the end Illness Benefits.
insurance options. of the coverage period.
PENSION FUNDS OF FINANCIAL
PROTEKSI PRIMA RENCANA PROTEKSI PRIMA MASA DEPAN INSTITUTION (DPLK) OF
UTAMA This is a Dwi Guna insurance MANULIFE INDONESIA
Proteksi Prima Rencana Utama product for customers who want to This is a defined contribution
is a unit-linked life insurance protect their family and children in pension fund program designed
product done with regular the future by providing them with to provide employees/participants
premium payments that offers long-term protection benefits to with financial guarantees when they
COMPANY PROFILE
comprehensive life protection. It prepare them for future funds. reach retirement age. This product
targets middle and upper class can be used by employees as part
customers who need optimal PROTEKSI PRIMA SEHAT GLOBAL of their companies or as individuals.
protection. It comes with an A health insurance product that It’s a pension program that allows
investment element. offers comprehensive protection employees to more easily be
for medical expenses within and able to retire in prosperity. The
PROTEKSI PRIMA EMAS PLUS beyond Indonesia (according to program can also help companies/
Proteksi Prima Emas Plus is an individual billings). It comes with entrepreneurs to be successful
endowment insurance product optional benefits (i.e. Outpatient in their business, as it can boost
DISCUSSION & ANALYSIS
that provides guaranteed benefit Benefits, Dental Benefits and employee loyalty and productivity
payments for retirement needs. It Childbirth Benefits) and is also in the workplace.
MANAGEMENT
also offers transfers of wealth from marketed under a Family Plan
the age of maturity to the end-of- option. GROUP LIFE AND HEALTH
coverage period. This Protection Program is aimed
PROTEKSI PRIMA SIAGA at Companies to provide their
PROTEKSI PRIMA PENDAPATAN An insurance product that provides employees with a sense of security
BERENCANA death benefits, total permanent in case unexpected risks occur, such
A dual-purpose life insurance disability benefits, temporary as health issues. This offer works
OPERATIONAL REVIEW
product with a coverage period of disability benefits and end-of- for both outpatients and inpatients,
20 (twenty) years. The premium coverage benefits (customers get a as well as for mental healthcare
payment period varies: premiums 50% premium return at the end of services.
all at once or every 5 years. It the 5th year).
provides coverage benefits in the MANULIFE PROTECTION FUNDS
form of annual cash payment PROTEKSI PRIMA SEJAHTERA A group life insurance program that
benefits starting from the 6th Term life insurance product provides death benefits, maturity
anniversary of the policy, death with affordable premiums which benefits and cash benefits, and is
benefits and benefits at the end-of- provides optimal life protection for investment oriented. Its policy value
coverage period. a certain period of time. can be allocated to assist a Company
GOVERNANCE
as a Policyholder to prepare for the
CORPORATE
payment of employment obligations
such as severance pay, gratuity pay
and compensation pay rights.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 517
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CORPORATE DATA
PROPERTY INSURANCE PERSONAL ACCIDENT ASURANSI MIKRO DEMAM
The right choice for business INSURANCE BERDARAH
owners who want to protect their A product that provides protection Micro health insurance product
business premises from various if the insured dies or is permanently that specifically protects customers
risks. This insurance protects disabled due to an accident. suffer from Dengue Fever with daily
against the risk of losses that treatment benefits of Rp500,000
may happen to the policyholder’s HOSPITAL CASH PLAN per day for up to 10 days when
property due to theft, flood, It is an insurance product that hospitalized.
terrorism, personal accidents, fire, provides daily hospitalization
lightning strikes, explosions, falling benefits, intensive care unit ASURANSI DEMAM BERDARAH
planes, smoke and other natural compensation (ICU/ICCU), and PLUS
disasters. With the help of risk surgical benefits if the insured Micro health insurance product
engineers, customers can receive suffers an accident or illness that is that provides daily inpatient
recommendations regarding covered in the policy. compensation benefits and lump
risk management, especially for sum compensation if the Insured
companies in the mining and HEALTH INSURANCE - is diagnosed with Dengue Fever or
manufacturing industries. The MEDICILLIN Dengue Hemorrhagic Fever by a
product helps improve your risk This product is a form of employee Doctor and laboratory examination
mitigation so that it can become benefit in the health insurance results that show that the Insured
more comprehensive. program provided by companies has a decrease in platelet count to
for their employees. Medicillin below 150,000 or a positive NS1 test
AUTO INSURANCE guarantees outpatient health costs, result.
A property insurance that hospitalization, childbirth, surgery
provides guaranteed protection and other medical procedures. ASURANSI MICRO HOSPITAL
to the Insured or his legal heirs if Policyholders can easily access CASH PLAN 5 DISEASES
during the coverage period there important information and policy Micro health insurance product
is damage to assets/property, data through the Medicillin App that provides daily inpatient
business interruption, customer from their devices. Through this compensation up to the maximum
protection, as well as protection product, Medicillin has collaborated coverage value specified in the
for the Insured’s owners and with Halodoc (a leading digital Coverage Summary if the Insured
employees. platform in Indonesia) to provide medically requires inpatient
convenience in consulting services services after being diagnosed by
HEAVY EQUIPMENT INSURANCE with doctors and for buying a doctor for one or more of the 5
This insurance provides protection medicine online. covered diseases, including Dengue
for your company’s heavy Fever and/ or Dengue Hemorrhagic
equipment, such as tractors, ASURANSI MIKRO TIPUS Fever, Typhus, Pneumonia,
bulldozers, excavators and crane A micro-health insurance product Meningitis, and Diphtheria.
diggers (and others) from losses that specifically protects customers
or damages due to collisions, fire, suffer from typhus. It provides daily
theft, or accidents caused by third care benefits of Rp500,000 per day
parties. for up to 10 days when hospitalized.
518 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
AUTOCILLIN OTHER INSURANCES TABUNGAN FLEXIMAX IB
Autocillin has long been recognized This category encompasses Transactional savings products use
as a Top Brand in the car insurance comprehensive protection for sharia principles of profit sharing
industry in Indonesia ever since various company assets, including (mudharabah) in rupiah currency
it was launched 18 years ago. for various business operations. specifically offered to individual and
MANAGEMENT REPORT
The comprehensive protection Products in this business line institutional/company customers
that Autocillin offers for the include Freight Insurance (for cargo and provide attractive profit sharing
policyholder’s car covers the risk of logistics processes), Engineering according to their placement
collisions, fire, theft, legal liability to Insurance (for machinery), Ship balance but with minimal costs
third parties, riots, terrorism and Frame Insurance, and Trade Credit such as administration fee and
sabotage, floods, earthquakes, and Insurance (for the risk of defaulting transaction fee via ATM.
accidents for the policyholder and by consumers). These insurance
family (including medical expenses). products are the right complement TABUNGAN BISA WADIAH IB
to good risk management practices Savings product with a deposit
MOTOPRO in companies. agreement (Wadiah contract), which
COMPANY PROFILE
This is Indonesia’s leading provides convenience and freedom
motorcycle insurance product. DANAMON SYARIAH of transactions for customers, with
It protects motorbikes from the minimal costs such as free monthly
risk of loss and total damage (that TABUNGAN DANAMON LEBIH administration and transaction fees
exceeds 75%) due to accidents. PRO IB (cash withdrawals & balance checks
Policyholders are also protected if Danamon LEBIH PRO iB is a Sharia at ATMs of other banks, transfers to
they have an accident while riding savings product under a Custody other banks).
a motorbike, except for accidents at (Wadiah) scheme provided for
home and at work. individual customers who need TABUNGAN HAJI IB
DISCUSSION & ANALYSIS
transaction solutions in various Savings that facilitate customers to
ASURANSI PERJALANAN (ZURICH currencies, including 9 (nine) realize their intention to take Hajj.
MANAGEMENT
TRAVEL INSURANCE) currencies with one account and Both for customers who have met
Travel insurance product that free transaction fees. the initial deposit requirements and
provides various protection customers who are planning funds
benefits while traveling. The TABUNGAN DANAMON LEBIH IB for the Hajj pilgrimage.
benefits provided include the risk Danamon LEBIH iB believes that • Tabungan Jemaah Haji (RTJH)
of personal accidents, medical every effort, every rupiah, or every Providing convenience for
and other emergency benefits, little thing matters. Therefore, customers to register for the Hajj
OPERATIONAL REVIEW
trip cancellation and changes, Danamon LEBIH iB is a Sharia pilgrimage by paying an initial
protection for baggage and personal product that tries to value every deposit for the Hajj Organizing
effects, costs for repatriating bodies rupiah customers earn. It’s time Fee (BPIH) of Rp25 million
and other related costs, and other for the customers to have better which is connected directly
need-based benefits. financial control as they enjoy every to the Indonesian Ministry of
feature of Danamon LEBIH iB. Religious Affairs’ Integrated
Hajj Computerized System
(SISKOHAT).
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 519
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CORPORATE DATA
• Tabungan Rencana Haji iB TABUNGAN PERENCANAAN Financial Management Agency
A Sharia-compliant savings plan SYARIAH IB (BPKH) which gives convenience for
of profit sharing (Mudharabah) Savings plan with Sharia principles members of the Hajj community and
in Rupiah currency offered of profit sharing (Mudharabah) prospective Hajj pilgrims to access
specifically to realize customers’ to help customers plan personal Bank Danamon services, especially
intention to do Hajj. Funds will finances for e.g. children’s special Hajj deposit payment
be debited every month through education, worship plans, and services through Bank Danamon
an auto debit process from the various other goals online via the branches, which is a special Hajj
source account to the iB Hajj D-Bank PRO application and Social deposit payment service in dollars
Planning Savings account with the Banking application. Opening an (USD).
deposit amount and time period account becomes easier because it
according to the customer’s can be done anytime and anywhere. LAYANAN PENERIMAAN WAKAF
choice. Customers can choose a regular TUNAI
savings period with daily or weekly Danamon Syariah has been
TABUNGAN BISA UMRAH IB or monthly options when opening appointed as an LKS-PWU (Sharia
Sharia-compliant term savings an account. Financial Institution – Cash Waqf
under Mudharabah (Profit Sharing) Recipient) which provides Cash
scheme that assists customers in GIRO BISA IB Waqf Receipt Services and makes
planning funds for their Umrah. The business current account it easy to pay endowment cash
Customers save monthly through product under Mudharabah waqf in cash via the Social Banking
automatic debits from the debit (profit sharing) scheme that offers application or socialbanking.id. in
source account to the BISA Umrah transaction freedom, and provides collaboration with digital partner
iB Savings account. The amount more benefits for customers, PT Minasa Fin Teknologi Syariah
of regular deposits per month such as ease of transactions using and Nazhir who has been certified
depends on customer’s choice Internet Banking (D-Bank PRO & as a Cash Waqf Management
starting from Rp300,000 to Rp5 D-Connect), 24 Hour Account and Institution, giving waqf is now more
million with terms ranging from 6 to Transaction Information Services comfortable and reliable.
72 months. BISA Umrah iB savings via Hello Danamon, making it easier
comes with insurance protection for customers to manage cash flow. PROTEKSI PRIMA AMANAH
benefits (Umrah Plan Protection), Sharia-based term life insurance
which is a collaboration between DEPOSITO SYARIAH product that covers death
the Bank and PT Manulife Indonesia A term savings product managed in compensation, total permanent
Life Insurance. accordance with sharia principles disability benefits and benefits at
and intended for individual or the end of the membership period in
TABUNGAN BISA QURBAN IB corporate customers under a profit the form of a return of contributions
The planned savings product uses sharing (Mudharabah) scheme. that have been formed (if any) when
the Sharia principle under the profit the policy matures.
sharing (Mudharabah) scheme in LAYANAN PEMBAYARAN HAJI
Rupiah currency, offered to realize KHUSUS SHARIA MORTGAGE IB
the intention to do Qurban. Funds PT Bank Danamon Indonesia Tbk Sharia compliant mortgage
will be debited monthly through (Bank Danamon) through its Sharia solutions with installments of up to
an auto debit process from the Business Unit (UUS) has been 20 years under (Ijarah Muntahiya Bit
source account to the BISA Qurban appointed as the bank that can Tamlik) scheme and - Musyarakah
iB Savings account with the deposit receive deposits - fees for organizing Mutanaqisah (MMQ) partnership
amount and time period depending the Hajj (BPS-Bipih) by the Hajj scheme.
on Customer’s choice.
520 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
SHARIA EMPLOYEE COOPERATIVE IB KORAN SHARIA ACCOUNT HELLO DANAMON
FINANCING FINANCING (PRKS)
Financing under Mudharabah Financing for working capital As part of Danamon’s commitment
(profit sharing) scheme for that needs for business entities with an to prioritize service to customers,
is distributed to members of the extendable term of 1 year in the Hello Danamon serves customer
MANAGEMENT REPORT
Employee Cooperative who need form of a Current Account and in needs, including giving information
to meet their financial need with accordance with Sharia principles. and service transactions, and
receivables as collaterals. operates as a designated channel
UNSECURED LOAN where customers can voice their
SHARIA RURAL BANK complaints on banking and credit
FINANCING DANA INSTANT card products. Hello Danamon can
Working capital financing under Dana Instant is an unsecured multi- be accessed 24/7.
Mudharabah (profit sharing) purpose loan facility for individuals
scheme to BPRS (Sharia People’s with competitive interest that can ELECTRONIC BANKING
Credit Bank) distributed to BPRS be used to meet all needs, the CHANNEL
COMPANY PROFILE
customers to meet working capital, application and process is quiet
investment and multi-purpose easy and comes with many tenor D-BANK REGISTRATION
needs. options of up to 3 years and a loan Online account opening services
limit of up to Rp200 million. according to customer needs,
SHARIA WORKING CAPITAL with a choice of both conventional
FINANCING and sharia products. Prospective
A short-term financing product ATM SERVICES customers can use this service
provided to meet working capital to open an account and make
needs in accordance with Sharia 24-hour online electronic transactions online by downloading
DISCUSSION & ANALYSIS
principles. banking service with cash the D-Bank PRO application. ATM/
withdrawal facilities, balance Debit Cards will be sent to the
MANAGEMENT
SHARIA INVESTMENT checks, overbooking, inter- selected address or customers may
FINANCING bank transfers, purchases and go to the nearest branch.
A medium and long term financing payments - additional Astra Credit
product provided for investment Company (ACC) Payment features DANAMON SAVE
purposes such as capital goods/ - vehicle credit installments and This is a special Rupiah-
fixed assets or other production “Lifestyle” Data Package Purchases denominated savings product that
facilities in accordance with Sharia (Telkomsel). Customers can access individual customers can open
OPERATIONAL REVIEW
principles. more than 1,400 Danamon ATMs anywhere and at any time via the
across Indonesia and supported D-Bank Registration application
SHARIA IB LEASING by tens of thousands of ATMs digital service. Danamon Save
A working capital and investment with local networks such as ATM Savings helps customers manage
financing product offered as leasing/ Bersama, PRIMA and ALTO. finances for various needs, both for
hire purchase of certain assets with monthly expense management and
the option of transferring asset CDM SERVICES for long-term financial planning.
ownership at the end of the rental
period through sale and purchase 24-hour online electronic banking
or gift according to Sharia principles. service to make cash deposits (both
GOVERNANCE
to personal accounts and other
CORPORATE
TRADE FINANCE IB Danamon accounts) and check
Sharia-compliant comprehensive balances. This service is available
Trade Finance service and financing on 70 CDM (Cash Deposit Machine)
solutions t to meet working capital across Indonesia.
and business investment needs.
CORPORATE DATA
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CORPORATE DATA
DANAMON ONLINE BANKING also make transactions easier and DANAMON BILLINK
Internet banking services for more comfortable. Further, various It is a digital solution in the form of an
various banking transactions features for credit card users are integrated website from Danamon
starting from balance information, becoming more comprehensive that can be used by the Community
domestic (Rp) and overseas (foreign with added features such as My to manage and receive regular
currency) fund transfers, online Own Installment - Statement, payments from its Members. With
deposit placement (not limited to E-Statement Registration, Payment Danamon BilLink, the Community
weekdays/regular days but also on Reminder, and information on can manage Member Data, Billing
holidays/weeks), top ups for GOPAY the Remaining Combined Credit Data, view payment history.
& OVO, Ziswaf Payments, “Online Limit. Customers can also use this
Shopping” Payments using Credit product to buy auto insurance DIRECT DEBIT
Card accounts, Setting Limits for or make deposits online without A service provided to Danamon
Online Debit Card Transactions, having to go to a branch, or order Customers to make online payment
Foreign Currency Purchases, government securities and make transactions or online investments
various other payments/purchases, many other types of purchases/ via the Bank Partner Platform by
online checking accounts up to payments. Other features are easy using a User Account at the bank
mutual fund information and access with modern login methods as a source of funds on the Bank
ordering government securities. such as BIOMETRIC (finger print & Partner Platform. Direct Debit gives
This service comes with a feature face ID) and the use of mPIN as easy the customers the comfort, speed
of SMS Token or Device Token, with and fast transaction authorization, and security in making transactions
SMS and E-mail Notifications. and customers can change their on the Bank Partner Platform.
password in the app if they forget it.
D-BANK PRO SMALL AND MEDIUM
One-control application service QR DANAMON ENTERPRISES
offering convenience and a variety Danamon QR Service is a service
of transactions, both financial for using Danamon QR as a digital OVERDRAFT LOAN (KRK)
and non-financial. Can also be payment medium facilitated by These are loan facilities provided
accessed using a PC/Laptop/Tablet Danamon. This service can be for working capital purposes. They
for the Website version with the used by Merchants who have are short-term loans and can be
URL address: https://www.dbank. collaborated with Danamon for extended. This product offers
co.id. The variety of transactions the management of their payment flexibility where withdrawals can
available ranges from various transactions where buyers scan be made at any time using a draft
types of transactions in rupiah or QR Codes that comply with QRIS. (cheque/bilyet giro) during the
foreign exchange transactions, Merchants will get a QR Code credit period.
especially with the Danamon which is used to process payment
Lebih PRO savings account where transactions as well as access to KRK COMBO
customers can make transactions the Danamon QR Application. The Bundling program between KRK
in 9 currencies using only 1 account. Danamon QR application can be and Savings Accounts that has an
Transfers are also more economical accessed by Merchants via a cell auto sweep in/out feature between
and faster with the BI-Fast feature. phone that is connected to the KRK facilities and Savings Accounts
Modern payments such as QRIS that internet network and for every to make it easier for Debtors to
are increasingly popular due to the successful transaction carried manage fund transfers between
various cashback programs offered. out by a Merchant Customer, the these accounts and maintain KRK
Top up e-wallet (OVO & GOPAY), Merchant will receive a notification utilization at a certain level.
and collaboration with Bank in the form of a push notification via
Mandiri to top up Mandiri e-money the Danamon QR Application.
522 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
DEMAND LOAN (KB) INCOMING COLLECTION OUTGOING COLLECTION
A loan facility for working capital SERVICES (ICS) SERVICES (OCS)
purposes. This is a short-term loan These are services provided by A service provided by Danamon
and can be extended. Withdrawal Danamon to handle document to exporter customers (drawers)
of loan funds can be done using a collection using a documentary to handle documents from
MANAGEMENT REPORT
Promissory Note (Promes) with a collection payment method sent documentary collection. Through
certain maximum period until the by the Remitting Bank to Danamon this, Danamon acts as a Remitting
maturity of the credit facility. The which acts as the Collecting Bank Bank that will send documents from
maximum Promissory Note period (or a Presenting Bank). drawers (exporters) and obtain
is 180 days and must not exceed payments from importers (drawees)
the term of the Credit Agreement INCOMING COLLECTION through the Collecting Bank.
(SPK). AVALIZATION (ICA)
Incoming Collection Avalization TRANSFERABLE LC/SKBDN
TERM INSTALLMENT LOAN (KAB) (ICA), also known as Billing Transferable LC/SKBDN are LCs/
These are loan facilities for Availability, provides avalization of SKBDNs that can be transferred
COMPANY PROFILE
investment purposes to support billing for imported documents that by the original (first) beneficiary to
customer business activities. The guarantees payment to the Seller one or more second beneficiaries.
types of investment that can be (Exporter) in the Documentary Transferable LCs/SKBDNs are used
financed are Productive Assets Collection payment method. when the supplier of goods sells
for customers, such as land and goods through an intermediary and
buildings, industrial equipment and SHIPPING GUARANTEE (SG) does not have direct contact with
machinery and others. A facility provided to importer the final buyer.
customers (on a LC/SKBDN opened
SHOP-HOUSE FINANCING (KTU at Danamon) to obtain power IMPORT LC/SKBDN FINANCING
DISCUSSION & ANALYSIS
RUKO) of attorney over goods from a (ILF)
Shop-house Financing Loans (KTU shipping company if the original Bill ILF is a financing alternative that
MANAGEMENT
Ruko) are forms of financing that of Lading has not been received by can be provided to the Customer
allow customers to buy a place of Danamon or the customer while (Applicant) to obtain an extension
business such as a shophouse or the goods have arrived at the port of the payment tenor in the LC/
home office with a light installment of destination. SKBDN payment method. There
scheme for a longer loan period. are two types of Import LC/SKBDN
One of the advantages of KTU Ruko CLEAN LC/SKBDN NEGOTIATION Financing (ILF) products owned by
is that its installments are lighter (CLN) Danamon: (1) Import LC/SKBDN
OPERATIONAL REVIEW
due to the fact that some of its These are facilities provided to Financing Sight and (2) Import LC/
principal installments can be repaid exporter customers (beneficiaries) SKBDN Financing Usance.
at the maturity date of the loan. in the form of negotiations with
conditions where the documents FINANCING AGAINST TRUST
TRADE FINANCE presented are in accordance with RECEIPT (FATR)
the terms and conditions of the LC/ This is short-term financing for
LETTER OF CREDIT/SKBDN SKBDN. importer customers to meet
With the use of a Letter of Credit working capital needs and settle
(LC) or SKBDN facility, Danamon will DISCREPANT LC/SKBDN obligations to suppliers that are
guarantee payments to the seller NEGOTIATION (DLN) due on the basis of LC/SKBDN
GOVERNANCE
(exporter) while also guaranteeing These are facilities provided to or Collections. Funding will be
CORPORATE
the buyer (importer) that the exporter customers (beneficiaries) provided based on submission of
payment will only be made on the in the form of document Trust Receipts and Letters of Intent
basis of presentation of documents negotiations under conditions as legal documents.
in accordance with the terms and where the documents presented
conditions in the LC/SKBDN. are not in accordance with the
terms and conditions of the LC/
SKBDN.
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 523
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CORPORATE DATA
PRE-SHIPMENT FINANCING FINANCIAL SUPPLY ACCOUNT RECEIVABLE
(PSF) CHAIN PURCHASE FINANCING (ARPF)
Short-term trade financing provided ARPF is a solution in the form
to exporters to meet working capital DISTRIBUTOR FINANCING (DF) of working capital support for
needs (purchase of raw materials, This is a working capital financing Principals in financing receivables
production activities and others) product for Distributors from from the sale of goods/services to
prior to shipment related to export Principals in the business chain selected Buyers.
schedules and can be provided community. This product provides
either on the basis of LC/SKBDN or solutions for Principals, including TRADE SUPPLIER FINANCING
Purchase Orders. accuracy of bill payments to (TSF)
Principals and ease of transactions. Trade Supplier Financing (TSF) is
OUTGOING COLLECTION On the other hand, Distributors can financing without regress rights to
FINANCING (OCF) also enjoy optimal benefits through the seller where Danamon takes
Funding on the basis of receivables the payment term extension feature the buyer’s risk and provides funds
by Danamon provided to finance the and competitive warranty terms. to the seller at a discount (interest
bills of customers who act as sellers paid in advance), until the accepted
(Drawers) and are billed through EARLY COLLECTION STRUCTURE invoice matures. This financing is
Outgoing Collection Services. (ECS) given using the main underlying
Early Collection Structure (ECS) is a document in the form of a money
OPEN ACCOUNT FINANCING facility for Principals to get payment order which is endorsed by the
(OAF) earlier than the invoice due date. seller to Danamon and accepted by
Financing provided to buyers/ This facility is an additional feature the Customer (Buyer/Principal).
importers or sellers/exporters in the DF program that can be used
for domestic and international by the Principal as needed. SUPPLIER PREPAYMENT (SP)
underlying Open Account Supplier Prepayment (SP) is
transactions. SUPPLIER FINANCING (SF) financing without regress rights to
Supplier Financing is a solution in the seller where Danamon takes
BANK GUARANTEE (BG)/ the form of working capital support the buyer’s risk and provides funds
SBLC/DEMAND GUARANTEE for selected Suppliers to ensure the to the seller at a discount (interest
(DG) smooth supply of raw materials/ paid in advance), until the accepted
A written guarantee provided by service execution for Principals. invoice is due. This financing is
Danamon for the benefit of the given using the main underlying
customer to the recipient of the documents in the form of accepted
guarantee based on a specific invoices, transfer of receivables
contract. Payments are made on (cessie), as well as applications for
claims submitted by the recipient sales of receivables
of the guarantee on account of
the guaranteed party (customer)
being unable to fulfill its obligations
(default).
524 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
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HIGHLIGHTS
FINANCIAL
CASH MANAGEMENT CASH PICK UP WITH MOBILE DANAMON OPTIMAL
DEVICE
DANAMON CASH CONNECT The cash pick up service uses a Danamon Optimal provides
Corporate internet banking and mobile device that operates with package solutions to achieve
mobile banking services to facilitate a wireless connection for the real- financial goals in each stage of life
MANAGEMENT REPORT
business financial management, time process of crediting funds to with a variety of products, ease of
through which customers can carry customer accounts. daily transaction, fulfill your lifestyle
out various banking transactions and loyalty benefit. This service is
safely, quickly and efficiently, and VIRTUAL ACCOUNT provided forindividual customers
directly from anywhere and at any The Cash Management solution with a minimum consolidated
time through an internet network provided by Danamon makes it easy balance of Rp50 million.
that has an encrypted security to identify the sender of funds and
system. The existence of Mobile the reconciliation process (Virtual DANAMON PRIVILEGE
Tokens and the Mobile App version Account Collection) and provides
makes these transaction processes ease of operational transactions via Danamon Privilege provides
COMPANY PROFILE
easier, practical and efficient. Virtual Account Debit. services that assist to take control
of your family wellbeing now and
DANAMON API CENTRAL E-TAX in the future with various financial
Application Programming Interfaces State revenue payment services solutions and benefits such as
(APIs) developed by Danamon (Tax, Customs & Excise, Non-Tax Wealth Advisory, Wealth Growth
enable interaction between the State Revenue) using single and and Preservation, World of
applications of third parties (third- multiple ID Billing methods in real- Privileges and Convenient
party applications) and Danamon time via Danamon Cash Connect. Access. This service is provided
banking services. Proof of State Revenue (BPN) can for individual customers with a
DISCUSSION & ANALYSIS
be downloaded directly after the minimum consolidated balance of
CASH PICK UP & DELIVERY transaction is successfully made. Rp500 million.
MANAGEMENT
SERVICES
Services provided to customers for LIQUIDITY MANAGEMENT
collecting and sending cash where Liquidity management services for
the cash delivery process is insured Customer operational accounts to
and has method of debiting and maximize control functions and
crediting funds with based-need maximize current account services
frequency of service. obtained, liquidity management
OPERATIONAL REVIEW
products include: Cash Pooling,
CASH COLLECTION MACHINE Cash Distribution and Range
Services provided to customers Balance.
to make cash deposits via deposit
machines installed at the customer’s
location and funds will be credited
in real-time to a predetermined
account.
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 525
Page 528
CORPORATE DATA
SENIOR EXECUTIVE OFFICERS &
EXECUTIVE OFFICERS
No NAME Position Nationality Age Date Education
ANDREW S2 CALIFORNIA STATE
1 Transaction Banking Head Indonesia 53 01-Mar-2019
SUHANDINATA* POLYTECHNIC UNIVERSITY
2 EVI DAMAYANTI* Chief Human Capital Indonesia 50 01-Jun-2016 S1 Universitas Indonesia
3 HERMAN SAVIO* Treasury & Capital Market Head Indonesia 54 02-Dec-2013 S1 Universitas Trisakti
Chief Information Technology &
4 YENNY SISWANTO* Indonesia 49 25-Jan-2023 S1 Edith Cowan University
Operations Officer
5 REZA ISKANDAR* Chief Strategy Officer Indonesia 49 25-May-2015 S2 Univ. California
Executive Officer Business S1 The Johns Hopkins
6 TOSHIYA SHOBAYASHI* Japan 51 15-Jul-2022
Collaboration University
7 YENNY LINARDI* Chief Internal Auditor Indonesia 56 12-Aug-2019 S1 Trisakti University
ABDU RAHMAN ZIAD S2 Udayana University,
8 Branch Manager Indonesia 37 16-Apr-2019
SANI Sudirman
9 ABDUL HADI Sustainability Finance Head Indonesia 48 05-Jun-2017 S1 Universitas Islam Bandung
ADELINE INGGRISARI S1 Universitas Katolik
10 EB Business Head Indonesia 49 10-Dec-2007
YONATAN Parahyangan
11 AGUS PRATAMA SME Business Head Indonesia 52 01-Oct-1997 S2 OHIO STATE UNIVERSITY
12 ANDI SYAIFUL WAHDI EB Business Head Indonesia 48 13-Jul-2023 S2 Hiroshima University
S1 Universitas Merdeka
13 ANDIYANTO Branch Manager Indonesia 54 05-Aug-1996
Malang
ANDRE SANTOSO Senior Credit Risk Officer -
14 Indonesia 60 29-Mar-2019 S2 Univerity Of Arizona
SUDJONO Enterprise Banking
ANDREAS HARTOYO S1 Universitas Katolik
15 Branch Manager Indonesia 35 26-Sep-2011
SOETOMO Soegijapranata
S1 London School of
16 ANDREAS KURNIAWAN Chief Digital Officer Indonesia 46 01-Jul-2019
Economics
17 ANNEKE THIOFANNY Procurement Head Indonesia 47 01-Oct-2004 S1 Universitas Trisakti
S1 Universitas Teknologi
18 ARDIANTO Branch Manager Indonesia 49 22-Dec-2017
Surabaya
19 ARI PRIYATNA Market & Liquidity Risk Head Indonesia 54 01-Sep-2014 S1 Institut Teknologi Bandung
20 ARIYANTO Branch Manager Indonesia 38 06-Sep-2022 S1 STIKOM Dinamika Bangsa
21 BAYU MARWANSYAH Branch Manager Indonesia 37 18-Nov-2019 S1 Universitas Sriwijaya
S1 Universitas Kristen Satya
22 BENNY SANTOSO Branch Manager Indonesia 35 11-Apr-2011
Wacana
23 BENNY SETIAWAN Branch Manager Indonesia 35 27-Nov-2017 S1 BINUS University
S1 Universitas Persada
24 FARID MUNANDAR Regional Corporate Officer BN 4 Indonesia 53 18-Nov-1996
Indonesia YAI
25 CUT ELLYANA SARI Branch Manager Indonesia 51 02-Jan-1997 D3 Universitas Syiah Kuala
26 DANNY SUHERMANTO EB Business Head Indonesia 53 02-Jan-2018 S2 UNC-Charlotte
S1 Universitas Atmajaya
27 DEWI KUSUMAWATI Branch Manager Indonesia 37 16-Apr-2015
Yogyakarta
S1 Universitas Merdeka
28 DICKY JONATHAN Branch Manager Indonesia 43 02-Jan-2007
Malang
S1 Universitas Lambung
29 DINA AGUSTINA Branch Manager Indonesia 35 24-Oct-2011
Mangkurat
DWI CHRISTIANA D3 AKADEMI SEKRETARI DAN
30 Branch Manager Indonesia 44 02-Jun-2000
TJANDRA MANAJEMEN WIDYA DHARMA
Risk Modeling,Quant. S1 Institut Sains Teknologi
31 DWI SUSIYANTO Indonesia 52 03-Aug-2016
Tech.&Analytics Head Akprind
S1 Universitas Tridinanti
32 EDI SURYADI Branch Manager Indonesia 43 17-Mar-2020
Palembang
526 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 529
HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
No NAME Position Nationality Age Date Education
EDWARD FRANCOIS
33 Global Strategy Manager Indonesia 38 17-Oct-2022 S1 ITB
MARBUN
34 EKA DINATA Branch Network Head Indonesia 46 01-Nov-2005 S1 Universitas Indonesia
Payment Partnership & Innovation
35 ELISA MAJASARI HALIM Indonesia 54 03-Feb-2015 S2 Prasetiya Mulya
Manager
S1 Simon Fraser University,
36 ELMI CHRISTINA EB Business Head Indonesia 47 15-Jan-2021
Canada
Credit & Enterprise Risk
37 ENRIKO SUTARTO Indonesia 39 07-Jun-2010 S1 UNIVERSITY OF SIDNEY
COMPANY PROFILE
Management Head
38 ERNY TAN Branch Manager Indonesia 55 06-Sep-1993 D3 Universitas Sam Ratulangi
39 ERWINDA WIJAYA Financial Planning Head Indonesia 41 16-Sep-2019 S1 Universitas Tarumanagara
40 EVAN HIZKIA ANDREAS Branch Manager Indonesia 35 01-May-2020 S1 Universitas Pelita Harapan
S1 Universitas Katolik
41 EVI MORTOPO Branch Manager Indonesia 37 11-Jul-2011
Parahyangan
D3 Universitas Negeri
42 IRENE SRI REDJEKI Regional Corporate Officer BN 7 Indonesia 53 28-Jul-1992
Surabaya
S1 Universitas Sains &
43 FERRY DWIYANDRI Branch Manager Indonesia 36 01-Aug-2021
Teknologi Jayapura
DISCUSSION & ANALYSIS
FILIPUS SUWANDI S1 Universitas Atmajaya
44 ORM Fraud & QA Head Indonesia 54 08-Mar-1996
KUSUMA Jakarta
MANAGEMENT
FLINT INDRAWAN
45 EB Business Head Indonesia 52 04-Sep-1995 S2 Universitas Gadjah Mada
KAMIL
46 FRISSILLIA SOWONG Branch Manager Indonesia 34 26-Sep-2011 S1 Universitas Gorontalo
S1 Universitas Negeri
47 GUNAWAN TE EB Business Head Indonesia 53 01-Jun-1997
Surabaya
48 HANA NUR AJI Branch Manager Indonesia 47 09-Aug-2004 S1 Universitas Islam Indonesia
S1 Universitas Kristen Satya
49 HANDOJO PAMUDJI SME Credit Head Indonesia 56 01-Sep-2006
Wacana
OPERATIONAL REVIEW
HANDONO TRI
50 Branch Manager Indonesia 42 14-Jan-2008 S1 STIE YKPN
SASONGKO
51 SAMUEL SUGENG RIJADI Regional Corporate Officer BN 6 Indonesia 53 22-Jan-1996 S1 Universitas Diponegoro
S1 Universitas Atmajaya
52 HANNY WINAWAN Branch Manager Indonesia 39 15-Aug-2011
Makassar
S1 University of New South
53 HASAN EB Business Management Head Indonesia 47 21-Dec-2015
Wales
54 HENDRA GUNAWAN Branch Manager Indonesia 50 29-Nov-2004 S1 Universitas Padjadjaran
Financing Partnership &
55 HENDRY SUNARYO Indonesia 42 03-May-2010 S1 Universitas Trisakti
Innovation Manager
56 HENDY DEINY WONG Head of Corporate Secretary Indonesia 54 03-May-2010 S1 CONCORDIA UNIVERSITY
HENNY CHRISTINA
GOVERNANCE
57 Branch Manager Indonesia 47 03-Sep-2002 S1 Universitas Gadjah Mada
CORPORATE
MAMEWE
58 HERMAN DJAFAR Branch Manager Indonesia 51 01-May-1996 S1 Universitas Hasanuddin
S1 Universitas
59 HERU WIBOWO Branch Manager Indonesia 52 04-Jan-1999
Muhammadiyah
HUMILO FELONA Business Operational Risk &
60 Indonesia 46 01-Oct-2019 S1 Universita Indonesia
RONITUA Control Head
61 CHIAU WINARTO Regional Corporate Officer BN 12 Indonesia 48 03-Aug-2020 S1 STIE AMKOP Makasar
62 I WAYAN SUKARMA Branch Manager Indonesia 50 02-Dec-1996 S1 Universitas Udayana
S1 Universitas Katolik
63 IFONNE MULJADI EB Business Analyst Head Indonesia 45 07-Oct-2019
CORPORATE DATA
Indonesia Atma Jaya
64 IKA DEWITA DAMAYANTI Branch Manager Indonesia 43 17-Jul-2006 S1 Universitas Surabaya
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 527
Page 530
CORPORATE DATA
No NAME Position Nationality Age Date Education
INDRIANI PRATIWI
65 CREM Head Indonesia 49 16-May-2016 S1 Universitas Tarumanagara
SUSANTIO
66 HANDRIADY CHIA Regional Corporate Officer BN 10 Indonesia 52 03-Jan-2017 S1 Universitas Tarumanagara
Consumer Funding & Wealth
67 IVAN ADRIAN JAYA Indonesia 47 01-Nov-2022 S2 ITB
Business Head
JOHNNY ANDREAN S1 STMIK Global Informatika
68 Branch Manager Indonesia 33 23-Dec-2019
SUSANTO Mdp
I GUSTI AGUS S1 Universitas Pendidikan
69 Regional Corporate Officer BN 8 Indonesia 50 01-Nov-1996
INDRAWAN Nasional
Service Excellence & Customer S1 Satya Wacana Christian
70 KRISTIANI SIWI P Indonesia 49 08-May-2023
Care Head University
71 LADYANA Branch Manager Indonesia 42 02-Dec-2002 D3 STIE TRICOM
72 LIDYA DAMAYANTI Branch Manager Indonesia 52 10-Mar-1997 S1 Universitas Nasional
Regulatory Compliance & S2 Universitas Katolik
73 LIE CHEN Indonesia 50 06-Jul-2015
Assurance Head Parahyangan
Bachelors California State
74 LILY PUSPASARI FOENG Chief Marketing Officer Indonesia 54 09-Aug-2019
University
75 LINCE KRISTIANTI Branch Manager Indonesia 38 05-May-2008 S1 Universitas Lampung
76 MARGARETHA SHERLY Financial Institution Head Indonesia 44 01-Aug-2017 S2 Universitas Pelita Harapan
77 MERCI SANTI ADRIANI Syariah Funding Business Head Indonesia 53 19-Mar-2012 S2 Monash University
S1 UNIVERSITY COLLEGE
SEDAYA INTERNATIONAL
78 MIREILLE MAKMUR Customer Experience Head Indonesia 42 17-Feb-2023
(UCSI); Northrumbia
University
MOCHAMMAD
79 Branch Manager Indonesia 42 15-Nov-2007 S1 UNIV. WIDYATAMA/STIEB
MAURISYA OKTORIKO
MUHAMMAD ARIEF
80 EB Business Head Indonesia 46 19-Nov-2012 S1 Institut Teknologi Bandung
FATCHUR ROCHMAN
MUHAMMAD YUSUF Strategic & Product Development
81 Indonesia 38 03-Oct-2011 S1 STT Telkom
PRATAMA Head
S1 Universitas Katolik
82 MUTIA DEWI SANTOSO Branch Manager Indonesia 48 03-Sep-2018
Parahyangan
Senior Credit Risk Officer -
83 NG SUWITO MULJANA Indonesia 54 26-Apr-2018 S1 Macquarie University
Enterprise Banking
NI LUH PUTU PUTRI
84 Branch Manager Indonesia 45 18-Apr-2022 S2 Udayana University
SARIANI
85 NINI SAFRIANI Branch Manager Indonesia 54 11-Sep-1995 S1 Universitas Mataram
Regulatory Compliance & Advisory
86 PALUPI Indonesia 47 25-Sep-2017 S1 Universitas Sriwijaya
Head
87 PAULUS LOBO Branch Manager Indonesia 46 01-Sep-2004 S1 Universitas Hasanuddin
S1 Universitas Kristen Petra
88 PRESYLIA LIMANTO Branch Manager Indonesia 41 01-May-2006
Surabaya
Head Of Financial Crime
89 RATIH DAMAYANTI Indonesia 49 01-Nov-2017 S2 Macquarie University
Compliance
90 RATNA KARTIKA Branch Manager Indonesia 30 10-Sep-2019 S1 Gici Business School
91 RATNA SARI HALIEM Financial Shared Services Head Indonesia 54 16-Nov-1995 S1 Universitas Trisakti
S1 Universitas Atmajaya
92 REBECCA FERRYTASARI Branch Manager Indonesia 50 01-Mar-2013
Yogyakarta
93 REFITA RULLI ARIEF Syariah Financing Business Head Indonesia 44 30-Nov-2001 S1 Universitas Trisakti
S2 Universite Grenoble 2 -
94 REZA PELY RUSLY Consumer Lending Business Head Indonesia 55 01-Jan-2016
Pierre Mendes France
95 RIADHY MAULANA Branch Manager Indonesia 36 17-Jun-2011 S1 STIM NITRO
96 KHO, PINASTIKA JUNIA Regional Corporate Officer BN 5 Indonesia 53 01-Dec-2004 S1 Universitas Soegiyopranata
97 RIMA KALALO Branch Manager Indonesia 37 05-May-2008 S1 Universitas Klabat
98 ROBERTO TRIO EB Business Head Indonesia 42 05-Nov-2019 S1 Universitas Surabaya
99 ROBIN Branch Manager Indonesia 37 11-Feb-2013 S1 STIE Sultan Agung
100 ROBY Branch Manager Indonesia 42 03-Jan-2022 S1 Universitas Andalas
528 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 531
HIGHLIGHTS
FINANCIAL
No NAME Position Nationality Age Date Education
RONY ISKANDAR Information Risk Management
101 Indonesia 49 15-Feb-2017 S2 Universitas Bina Nusantara
KUSTENDRO Head
102 RUDI SETIAWAN Branch Manager Indonesia 39 11-Apr-2022 S1 STIE JAYAKUSUMA
MANAGEMENT REPORT
S1 Universitas Lambung
103 RUDY SURYAGENI Branch Manager Indonesia 52 19-Mar-1997
Mangkurat
104 RUSMIN BASUKI Portfolio, Policy & Analytics Head Indonesia 39 25-May-2015 S1 RMIT UNIVERSITY
S1 Universitas HKBP
105 RIANA SUAGIAT Regional Corporate Officer BN 9 Indonesia 51 05-Sep-2007
Nommensen
106 SANDRA ANGELIA Regional Corporate Officer BN 11 Indonesia 53 11-Dec-1989 D3 STIE Widya Dharma
SANDRA CHRISTINE
107 Branch Manager Indonesia 46 06-Feb-2007 S1 Universitas Klabat
ESTHER LUMATAUW
SATYO HARYO
108 Head of Legal Counsel Indonesia 50 01-Dec-2016 S1 Universitas Gadjah Mada
WIBISONO
Senior Credit Risk Officer - EB
109 SHEKY LEMASOA Indonesia 54 01-Oct-2020 S2 GRIFFITH UNIVERSTY
COMPANY PROFILE
Remedial
S1 Universitas Negeri
110 SONNY GUNAWAN EB Business Head Indonesia 52 15-Sep-2008
Surabaya
S1 Universitas Lambung
111 SRI SUMARTINI Branch Manager Indonesia 53 02-Dec-1996
Mangkurat
112 SUSAN TEDJADINATA BPS Head Indonesia 51 16-Jan-2017 S2 ST JOHN'S UNIVERSITY
THERESIA ADRIANA
113 Financial Controller Indonesia 48 01-Jul-2004 S1 Universitas Tarumanagara
WIDJAJA
114 UMI DAMAYANTI Branch Manager Indonesia 52 25-Feb-1996 D3 STIE Kerjasama
VICTOR HERLAN
DISCUSSION & ANALYSIS
115 Branch Manager Indonesia 41 05-Feb-2018 S1 STIE SWADAYA
SIPASULTA
S1 Universitas Katolik
116 WIDIANTO EB Business Analyst Head Indonesia 39 01-Oct-2019
Parahyangan
MANAGEMENT
D3 Akademi Sekretari Dan
117 WINDY TRIANADEWI Branch Manager Indonesia 52 01-Nov-2017
Managemen Taruna Bakti
Syariah & CREM Operational & S1 Universitas Kristen
118 YATNO SUKENDAR Indonesia 56 01-May-1993
Control Head Indonesia
S2 Magister Akuntansi
119 YUSDIAN FARADIANA Tax Planning & Strategy Head Indonesia 48 22-Feb-2021
Universitas Indonesia
* Senior Executive Officers
OPERATIONAL REVIEW
GOVERNANCE
CORPORATE
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 529
Page 532
CORPORATE DATA
BRANCHES OFFICES &
SHARIA BRANCHES
No BRANCHES ADDRESS REGION AREA
Jl Enggano Raya No 36 Tanjung Priok, Jakarta Utara, DKI Jakarta,
1 BDI JAKARTA ENGGANO IC Jakarta North Jakarta
14310
2 BDI CEMPAKA PUTIH TENGAH Jl. Cempaka Putih Raya No. 11, Jakarta Pusat, DKI Jakarta, 10510 Jakarta Central Jakarta
Graha Rukan Itc Cempaka Mas Blok B No. 7, Jakarta Pusat, DKI
3 BDI JAKARTA ITC CEMPAKA MAS Jakarta Central Jakarta
Jakarta, 10520
Ruko Crown Golf Blok A No. 53, Jl. Marina Raya RT 07, Rw 02
4 BDI JAKARTA PANTAI INDAH KAPUK 2 Kel. Kamal Muara, Kec Panjaringan, Pantai Indah Kapuk, Jakarta Jakarta North Jakarta
Utara, DKI Jakarta, 11470
Ps. Pademangan Timur Lt.Dasar Blok Bks 137, Jakarta Utara,
5 BDI JAKARTA PS PADEMANGAN Jakarta North Jakarta
DKI Jakarta, 14410
Rukan Artha Gading Blok C No. 18 Jl. Boulevard Artha Gading
6 BDI JAKARTA ARTHA GADING Jakarta North Jakarta
Kelapa Gading, Jakarta Utara, DKI Jakarta, 14240
Jl. Jelambar Selatan I No. 1B, Jelambar Baru, Grogol,
7 BDI JAKARTA JELAMBAR Jakarta West Jakarta
Petamburan, Jakarta Barat, DKI Jakarta, 11460
Jl. Teluk Gong Raya Komp. TPI II Blok M No. 34 Kampung Gusti,
8 BDI JAKARTA KAPUK TELUK GONG Jakarta North Jakarta
Jakarta Utara, DKI Jakarta, 14450
Ruko Bandengan Indah Blok B No 7, Jl. Bandengan Utara No.
9 BDI JAKARTA BANDENGAN INDAH Jakarta North Jakarta
80, RT/RW 05/16, Penjaringan, Jakarta Utara, DKI Jakarta, 11230
Rukan Taman Duta Mas D9A No.8 Jelambar, Jakarta Barat, DKI
10 BDI JAKARTA TAMAN DUTA MAS Jakarta West Jakarta
Jakarta, 11460
Jl. Danau Sunter Utara Blok B.I.B No. 15-16 Sunter Podomoro,
11 BDI JAKARTA DANAU SUNTER Jakarta North Jakarta
Jakarta Utara, DKI Jakarta, 14350
Griya Utama Blok A Kav No 43 Sunter, Sunter Agung, Jakarta
12 BDI JAKARTA GRIYA UTAMA SUNTER Jakarta North Jakarta
Utara, DKI Jakarta, 14350
Galeria Niaga Mediterania Blok X-3 Kav. No.A-8M & A-8N,
13 BDI JAKARTA PANTAI INDAH KAPUK Jakarta North Jakarta
Pantai Indah Kapuk, Jakarta Utara, DKI Jakarta, 14450
14 BDI JAKARTA GROGOL MUWARDI Jl. Muwardi Raya No. 7, Grogol, Jakarta Barat, DKI Jakarta, 11450 Jakarta West Jakarta
Ruko Komp.Orion Mangga Dua,Jl.Raya Mangga Dua, Komp.
15 BDI JAKARTA ORION MANGGA DUA Rukan Orion Mangga Dua No.3, Jakarta Utara, DKI Jakarta, Jakarta North Jakarta
10730
Jl. Yos Sudarso, Komplek Mitra Sunter Bulevard Blok B No.7,
16 BDI JAKARTA MITRA SUNTER Jakarta North Jakarta
Sunter, Jakarta Utara, DKI Jakarta, 14350
Komp Ruko Kelapa Gading Square , Jl. Boulevard Barat Raya
BDI JAKARTA KELAPA GADING
17 Blok D No. 28, Kel. Kelapa Gading Barat, Kec. Kelapa Gading, Jakarta North Jakarta
SQUARE
Jakarta Utara, DKI Jakarta, 14240
Jl. Khm. Mansyur No. 255, Jembatan Lima, Jakarta Barat, DKI
18 BDI JAKARTA JEMBATAN LIMA Jakarta West Jakarta
Jakarta, 11250
Ruko Textile Blok E4/6, Jalan Mangga Dua Raya, Jakarta Utara,
19 BDI JAKARTA MANGGA 2 RAYA Jakarta North Jakarta
DKI Jakarta, 14430
Jl.Pluit Selatan Raya, Komp.CBD Pluit Blok A 18, Jakarta Utara,
20 BDI JAKARTA CBD PLUIT Jakarta North Jakarta
DKI Jakarta, 14450
21 BDI JAKARTA PLUIT KENCANA Jl. Pluit Kencana Raya 45-47, Jakarta Utara, DKI Jakarta, 14450 Jakarta North Jakarta
22 BDI JAKARTA TELEPON KOTA Jl. Telepon Kota No. 7, Jakarta Barat, DKI Jakarta, 11230 Jakarta West Jakarta
23 BDI JAKARTA PERNIAGAAN TIMUR Jl Perniagaan Timur No.55, Jakarta Barat, DKI Jakarta, 11230 Jakarta West Jakarta
Jl. Bulevar Barat Blok XB No. 8, Kelapa Gading, Jakarta Utara,
24 BDI JAKARTA KELAPA GADING 1 Jakarta North Jakarta
DKI Jakarta, 14240
Jl. Boulevard Raya Blok FY No. 1/9-12, Jakarta Utara, DKI Jakarta,
25 BDI JAKARTA KELAPA GADING II Jakarta North Jakarta
14240
Jl. Pangeran Jayakarta No. 22, Kel. Mangga Dua Selatan, Kec.
26 BDI JAKARTA PANGERAN JAYAKARTA Jakarta Central Jakarta
Sawah Besar, Jakarta Pusat, DKI Jakarta, 10730
Jl. Muara Karang Raya No. 72 Blok Z-3 Selatan, Jakarta Utara,
27 BDI JAKARTA MUARA KARANG Jakarta North Jakarta
DKI Jakarta, 14450
Ruko Gsa Db 08, Jl S. Parman Tj Duren, Jakarta Barat, DKI
28 BDI JAKARTA CENTRAL PARK Jakarta West Jakarta
Jakarta, 11470
530 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 533
HIGHLIGHTS
FINANCIAL
MANAGEMENT REPORT
No BRANCHES ADDRESS REGION AREA
Mall Taman Anggrek Ground Floor G-42, Jl. S. Parman Kav.21,
29 BDI JAKARTA MALL TAMAN ANGGREK Jakarta West Jakarta
Jakarta Barat, DKI Jakarta, 11470
Ruko Cibinong City Center Blok A.25 Kel. Pakansari Kec.
30 BDI CIBINONG CITY CENTER West Java Bogor Regency
Cibinong, Kab. Bogor, Jawa Barat, 16143
Ruko Graha 99 Jl Margonda Raya RT 008/03 No.99 Kemiri Muka,
31 BDI JAKARTA DEPOK MARGONDA West Java Depok City
Kota Depok, Jawa Barat, 16423
Jl. Cinere Raya Kav. 48-49 A, Cinere, Jakarta Selatan, DKI Jakarta,
32 BDI JAKARTA CINERE Jakarta South Jakarta
16514
COMPANY PROFILE
Jalan Panglima Polim Raya No 59, Rt/Rw : 007/004, Kelurahan
33 BDI JAKARTA PANGLIMA POLIM Melawai, Kecamatan Kebayoran Baru, Jakarta Selatan, DKI Jakarta South Jakarta
Jakarta, 12160
Jl. RS. Fatmawati No. 24, Cipete Utara, Jakarta Selatan, DKI
34 BDI JAKARTA FATMAWATI IC Jakarta South Jakarta
Jakarta, 12430
35 BDI BOGOR JUANDA Jl. Ir. H. Juanda No. 46, Kota Bogor, Jawa Barat, 16122 West Java Bogor City
Jl. Ciledug Raya No. 5, Cipulir, Kebayoran Lama, Jakarta Selatan,
36 BDI JAKARTA CILEDUG RAYA Jakarta South Jakarta
DKI Jakarta, 12230
37 BDI JAKARTA KALIBATA Kalibata Tengah Blok I F-G, Jakarta Selatan, DKI Jakarta, 12740 Jakarta South Jakarta
BDI JAKARTA MENARA BANK Jl. Hr Rasuna Said Blok C No. 10, Kelurahan Karet, Kecamatan
38 Jakarta South Jakarta
DANAMON Setiabudi, Jakarta Selatan, DKI Jakarta
DISCUSSION & ANALYSIS
Komplek Bidakara Lt. Lobby, Jl. Jend. Gatot Subroto Kav. 71-73,
39 BDI JAKARTA BIDAKARA Jakarta South Jakarta
Jakarta Selatan, DKI Jakarta, 12870
MANAGEMENT
Jl. Prof. Dr. Supomo No. 55, Tebet, Jakarta Selatan, DKI Jakarta,
40 BDI JAKARTA SUPOMO Jakarta South Jakarta
12810
41 BDI BOGOR - SURYAKENCANA Jl. Suryakencana No. 331, Kota Bogor, Jawa Barat, 16126 West Java Bogor City
Jl. Bendungan Hilir Raya No. 21, Jakarta Pusat, DKI Jakarta,
42 BDI JAKARTA BENHIL Jakarta Central Jakarta
10210
43 BDI JAKARTA AGUS SALIM Jl. H. Agus Salim No. 59 A, Jakarta Pusat, DKI Jakarta, 10310 Jakarta Central Jakarta
Jl. Palmerah Barat No. 38 A, Blok 5-6, Grogol Utara, Jakarta
44 BDI JAKARTA PALMERAH Jakarta West Jakarta
Barat, DKI Jakarta, 12210
OPERATIONAL REVIEW
Jl. Raya Pajajaran Komplek Ruko Warung Jambu, Kota Bogor,
45 BDI BOGOR WARUNG JAMBU West Java Bogor City
Jawa Barat, 16153
Gd. Bej Tower 2 Lt.1, Jl. Jend. Sudirman Kav.52+53, Jakarta
46 BDI JAKARTA MENARA BEJ Jakarta South Jakarta
Selatan, DKI Jakarta, 12190
47 BDI JAKARTA KEMANG Jl. Kemang Raya 4, Jakarta Selatan, DKI Jakarta, 12730 Jakarta South Jakarta
Jl. Nikel Blok D No. 23-24 Permata Hijau, Jakarta Selatan, DKI
48 BDI JAKARTA PERMATA HIJAU Jakarta South Jakarta
Jakarta, 12210
Komplek Pertokoan Pondok Indah Blok Ua No. 1, Jl. Metro
49 BDI JAKARTA PONDOK INDAH Jakarta South Jakarta
Duta, Pondok Indah, Jakarta Selatan, DKI Jakarta, 12310
Jl. Warung Buncit Raya No. 107, Jakarta Selatan, DKI Jakarta,
50 BDI JAKARTA WARUNG BUNCIT Jakarta South Jakarta
12760
BDI JAKARTA USMAN HARUN (DH Jalan Prapatan No. 50, Kel. Gambir, Kec. Gambir, Jakarta Pusat,
51 Jakarta Central Jakarta
GOVERNANCE
KEBON SIRIH) DKI Jakarta, 10110
CORPORATE
Cyber 2 Tower Level Ground Floor Unit B 2, Jl. Hr. Rasuna Said
52 BDI JAKARTA CYBER 2 Jakarta South Jakarta
Blok X-5 No. 13, Kuningan, Jakarta Selatan, DKI Jakarta, 12980
Pondok Indah Mall 2, Lt.Dasar No.G 34 B, Pondok Indah, Jakarta
53 BDI JAKARTA PONDOK INDAH MALL Jakarta South Jakarta
Selatan, DKI Jakarta, 12310
The East Tower Lt. Dasar - 1.07-A, Jl. Lingkar Mega Kuningan
54 BDI JAKARTA PONDOK INDAH MALL Jakarta South Jakarta
Blok E3.2, Kav. 1, Jakarta Selatan, DKI Jakarta, 12950
Trinity Tower, Lantai Dasar Suite 0101. Jl. H.R. Rasuna Said
55 BDI JAKARTA TRINITY TOWER Kav. C22 Blok Iib Kec. Setiabudi, Kel. Karet Kuningan, Jakarta Jakarta South Jakarta
Selatan, DKI Jakarta, 12940
Jl.Radio Dalam Raya No. 10A Rt/Rw. 001/002 Kel. Gandaria
CORPORATE DATA
56 BDI JAKARTA RADIO DALAM Jakarta South Jakarta
Utara, Kec. Kebayoran Baru , Jakarta Selatan, DKI Jakarta, 12140
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No BRANCHES ADDRESS REGION AREA
Wisma 46 Kota Bni Lt. Dasar, Jl. Jend. Sudirman Kav. 1, Jakarta
57 BDI JAKARTA WISMA BNI Jakarta Central Jakarta
Pusat, DKI Jakarta, 10220
Sudirman Plz, Indofood Tower.Jl Jend Sudirman Kav 76-78,
58 BDI JAKARTA SUDIRMAN PLAZA Jakarta South Jakarta
Jakarta Selatan, DKI Jakarta, 12910
59 BDS LAPANGAN ROS Jl. KH Abdullah Syafei No. 127 A,Tebet, Jakarta Selatan 12840 Jakarta South Jakarta
Jl. Ahmad Yani Ruko Ex-Timbangan No. 3-4, Kab. Karawang, Karawang
60 BDI CIKAMPEK A YANI 2 West Java
Jawa Barat, 41373 Regency
Jl. Tuparev Komplek Karawang Plaza Ruko No. 5-6, Kab. Karawang
61 BDI KARAWANG TUPAREV West Java
Karawang, Jawa Barat, 41312 Regency
Sentra Kiic, Lantai 1, Jl. Permata Raya Blok Lot C-A1, Karawang Karawang
62 BDI KARAWANG KIIC West Java
Barat, Kab. Karawang, Jawa Barat, 41051 Regency
Ruko Plaza Menteng Blok A No. 25, Rt 03/Rw.09, Desa Cibatu,
63 BDI BEKASI LIPPO CIKARANG Kec. Lemahabang, (Cikarang Selatan), Kab. Bekasi, Jawa Barat, West Java Bekasi Regency
17530
Gedung Eks Tamara , Jl. Re Martadinata No. 9 , Cikarang, Kab.
64 BDI BEKASI CIKARANG West Java Bekasi Regency
Bekasi, Jawa Barat, 17530
Kota Wisata Cluster Concordia Blok SRC No.6 Kel. Ciangsana
65 BDI CIBUBUR KOTA WISATA West Java Bogor Regency
Kec. Gn.Putri, Kab. Bekasi, Jawa Barat, 16143
Komp Ruko Sentra Niaga Boulevard Hijau,Perumahan Harapan
66 BDI BEKASI HARAPAN INDAH Indah Blok Sn 2 No 16 -17 Medan Satria, Kab. Bekasi, Jawa West Java Bekasi Regency
Barat, 17132
BDI JAKARTA CIBUBUR TIMES Jl.Transyogi Km.3, Komp.Rukan Cibubur Times Square Blok B1
67 West Java Bekasi Regency
SQUARE No.10, Cibubur, Kab. Bekasi, Jawa Barat, 17435
Jl. Pahlawan Revolusi No. 125 B, Pondok Bambu, Jakarta Timur,
68 BDI JAKARTA PONDOK BAMBU Jakarta East Jakarta
DKI Jakarta, 13430
Rukan Pondok Gede Plaza Blok D No 1 S/D 2 P.Gede Bekasi Rt
69 BDI JAKARTA PONDOK GEDE Jakarta East Jakarta
04/01 Jatiwaringin, Jakarta Timur, DKI Jakarta, 17426
BDI JAKARTA PEGAMBIRAN Jl. Peggambiran No. 33-D, Rawamangun, Jakarta Timur, DKI
70 Jakarta East Jakarta
ARTOMORO Jakarta, 13220
BDI JAKARTA PULO GADUNG TRADE
71 Ptc Pulogadung Blok I No.008, Jakarta Timur, DKI Jakarta, 13910 Jakarta East Jakarta
CENTER
Jl. Tarum Barat Hi No. 1, Kalimalang, Jakarta Timur, DKI Jakarta,
72 BDI JAKARTA KALIMALANG TARUM Jakarta East Jakarta
13450
Jl. Taman Galaxy Raya No. 12 AD Bekasi Selatan, Kab. Bekasi,
73 BDI BEKASI TAMAN GALAXY RAYA IC West Java Bekasi Regency
Jawa Barat, 17148
74 BDI JAKARTA GAJAH MADA Jl. Gajah Mada No. 90 A, Jakarta Barat, DKI Jakarta, 11140 Jakarta Central Jakarta
75 BDI BEKASI JUANDA Jl. Ir. H. Juanda No. 159, Kota Bekasi, Jawa Barat, 17112 West Java Bekasi City
76 BDI JAKARTA MATRAMAN Jl. Matraman Raya No. 52, Jakarta Timur, DKI Jakarta, 13150 Jakarta East Jakarta
Plaza Kenari Mas Lantai 4 (P1) No.Unit K 001. Jl.Kramat Raya
77 BDI JAKARTA PLAZA KENARI MAS Jakarta Central Jakarta
No.101, Jakarta Pusat, DKI Jakarta, 10440
78 BDI JAKARTA GUNUNG SAHARI Jl. Gunung Sahari Raya No. 49, Jakarta Pusat, DKI Jakarta, 10610 Jakarta Central Jakarta
79 BDI JAKARTA JATINEGARA IC Jl. Jatinegara Barat No. 135, Jakarta Timur, DKI Jakarta, 13310 Jakarta East Jakarta
Jl. Tomang Raya No. 51 C-D, Blok Mm Kav. 557, Jakarta Barat,
80 BDI JAKARTA TOMANG RAYA Jakarta West Jakarta
DKI Jakarta, 11440
81 BDI JAKARTA CIKINI Jl. Cikini Raya No. 71, Jakarta Pusat, DKI Jakarta, 10330 Jakarta Central Jakarta
82 BDI JAKARTA HASYIM ASHARI Jl. Kh. Hasyim Ashari No. 28 B, Jakarta Pusat, DKI Jakarta, 10130 Jakarta Central Jakarta
83 BDI JAKARTA ABDUL MUIS Jl Abdul Muis No 60, Jakarta Pusat, DKI Jakarta, 10160 Jakarta Central Jakarta
84 BDI JAKARTA SURYOPRANOTO 2 Jl. Suryopranoto No.75, Jakarta Pusat, DKI Jakarta, 10130 Jakarta Central Jakarta
85 BDI JAKARTA PECENONGAN Jl. Pecenongan Raya No. 5 B-C, Jakarta Pusat, DKI Jakarta, 10210 Jakarta Central Jakarta
86 BDI JAKARTA PASAR BARU Jl. Pasar Baru Selatan No. 16, Jakarta Pusat, DKI Jakarta, 10710 Jakarta Central Jakarta
Jl. K.H Hasyim Ashari Blok C 2 No. 6 & 7, Jakarta Pusat, DKI
87 BDI JAKARTA ROXY MAS Jakarta Central Jakarta
Jakarta, 10150
Jl. Mangga Besar Raya No. 42 A-B, Jakarta Barat, DKI Jakarta,
88 BDI JAKARTA MANGGA BESAR Jakarta West Jakarta
11150
89 BDI JAKARTA TAMAN SARI Jl. Tamansari Raya No. 53 A, Jakarta Barat, DKI Jakarta, 11150 Jakarta West Jakarta
90 BDI JAKARTA SAMANHUDI Jl Samanhudi No 81, Jakarta Pusat, DKI Jakarta, 10540 Jakarta Central Jakarta
BDI BEKASI - KALIMALANG Kalimalang Commercial Center Blok A6/8, Jl. Ahmad Yani, Kota
91 West Java Bekasi City
COMMERCIAL CENTER Bekasi, Jawa Barat, 17144
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HIGHLIGHTS
FINANCIAL
No BRANCHES ADDRESS REGION AREA
BDI JAKARTA TANAH ABANG Jl. Fachrudin 36, Blok A No. 56-57, Tanah Abang, Jakarta Pusat,
92 Jakarta Central Jakarta
FACHRUDIN DKI Jakarta, 10250
Pusat Grosir Senen Jaya Lt.3 Rtu L3 / C9 -9, Jl.Senen Raya, Kel.
93 BDI JAKARTA SENEN Jakarta Central Jakarta
MANAGEMENT REPORT
Senen, Kec.Senen, Jakarta Pusat, DKI Jakarta, 10410
Pasar Regional Tanah Abang Blok A, Basement 2 No. 67 A-B,
94 BDI JAKARTA TANAH ABANG BLOK A Jakarta Central Jakarta
Los F, Jakarta Pusat, DKI Jakarta, 10250
Jl. Pinang Sia Raya Komplek Ruko Glodok Plaza Blok A No. 26-
95 BDI JAKARTA GLODOK PLAZA 1 Jakarta West Jakarta
28, Jakarta Barat, DKI Jakarta, 11110
Ltc Blok Ra No 41 Hayam Wuruk, Jakarta Barat, DKI Jakarta,
96 BDI JAKARTA LTC HAYAM WURUK Jakarta West Jakarta
12150
97 BDI JAKARTA - WAHID HASYIM Jl. Wahid Hasyim No. 171, Jakarta Pusat, DKI Jakarta, 10250 Jakarta Central Jakarta
Jl Raya Bogor No. 2 KM.22, Kel. Rambutan, Kec. Ciracas, Jakarta
98 BDS CIRACAS Jakarta East Jakarta
Timur 13830
Komplek Pasar Sumur Bandung Blok B No 15 -16 Lingkungan III
99 BDI METRO SUMUR BANDUNG Lampung Metro City
RT 012 Rw 005 Metro Pusat, Kota Metro, Lampung, 34514
COMPANY PROFILE
Pringsewu
100 BDI PRINGSEWU A.YANI Jl. Ahmad Yani No.65, Kab. Pringsewu, Lampung, 35373 Lampung
Regency
Jl. Maulana Hasanuddin, Serang Plaza Blok I No. 5-6-7, Kota
101 BDI CILEGON SERANG Banten Serang City
Serang, Banten, 42112
102 BDI CILEGON S. A. TIRTAYASA Jl. Sultan Agung Tirtayasa No. 145, Kota Cilegon, Banten, 42414 Banten Cilegon City
Perumahan Citra Raya Blok L1 Cikupa, Kab. Tangerang, Banten, Tangerang
103 BDI TANGERANG CIKUPA Banten
15710 Regency
Jalan Pamulang Raya Blok D2 No 7, Pamulang Barat, Kota South Tangerang
104 BDI TANGERANG PAMULANG RAYA Banten
Tangerang Selatan, Banten, 15417 CIty
Komp. Rukan Bintaro Jaya Sektor Iii A, Blok A No. 8-10, Bintaro, South Tangerang
DISCUSSION & ANALYSIS
105 BDI TANGERANG BINTARO III Banten
Kota Tangerang Selatan, Banten, 15224 CIty
106 BDI TANGERANG DAAN MOGOT Jl. Daan Mogot No. 48, Kota Tangerang, Banten, 15111 Banten Tangerang CIty
MANAGEMENT
Komplek Citra Garden Ii Blok I-I No. 12A, Jakarta Barat, DKI
107 BDI JAKARTA CITRA GARDEN II Jakarta West Jakarta
Jakarta, 11830
Ruko Sol Marina Blok A No.1 Kel. Gandasari Kec. Jatiuwung,
108 BDI TANGERANG JATIUWUNG Banten Tangerang CIty
Kota Tangerang, Banten, 15229
Rukan Taman Palem Lestari Blok A Ii No. 33 Jl. Kamal Raya
109 BDI JAKARTA TAMAN PALEM LESTARI Jakarta West Jakarta
Outer Ring Road Cengkareng, Jakarta Barat, DKI Jakarta, 11810
Jl. Kartini No.182, Tanjung Karang, Kota Bandar Lampung, Bandar Lampung
110 BDI TANJUNG KARANG KARTINI Lampung
Lampung, 35116 CIty
Jl. Kiai Maja Ruko Way Halim No. 14-15 Kedaton, Kota Bandar Bandar Lampung
OPERATIONAL REVIEW
111 BDI TANJUNG KARANG WAY HALIM Lampung
Lampung, Lampung, 35141 CIty
BDI TANGERANG SUPERMALL Unit Ff59A Supermall Karawaci Jl. Bulevar Diponegoro Lippo Tangerang
112 Banten
KARAWACI Karawaci, Kab. Tangerang, Banten, 15810 Regency
Jl. Blv Gading Serpong Alexandrite 3/9, Kota Tangerang Selatan, South Tangerang
113 BDI TANGERANG GADING SERPONG Banten
Banten, 15810 CIty
Jl. Sutera Niaga I/17, Komplek Alam Sutera, Serpong, Kota South Tangerang
114 BDI TANGERANG ALAM SUTRA Banten
Tangerang Selatan, Banten, 15326 CIty
Jl. Jalur Sutera 29 D No. 21, Pakualam, Kec. Serpong Utara, Kota South Tangerang
115 BDI TANGERANG ALAM SUTRA 2 IC Banten
Tangerang Selatan, Banten, 15143 CIty
Jl.Komplek Ruko Taman Semanan Indah Blok C - 26 Duri
116 BDI JAKARTA DURI KOSAMBI Jakarta West Jakarta
Kosambi, Jakarta Barat, DKI Jakarta, 11750
BDI JAKARTA KEBON JERUK Jl. Raya Meruya Ilir, Komplek Intercon Plaza Blok A 1-2, Kebon
117 Jakarta West Jakarta
GOVERNANCE
INTERCON Jeruk, Jakarta Barat, DKI Jakarta, 11630
CORPORATE
Ruko Green Garden Blok I / 9 No. 18, Jakarta Barat, DKI Jakarta,
118 BDI JAKARTA GREEN GARDEN Jakarta West Jakarta
11520
119 BDI JAKARTA TANJUNG DUREN Jl. Tanjung Duren Raya No. 62, Jakarta Barat, DKI Jakarta, 11470 Jakarta West Jakarta
Jl. Raya Serpong Bsd Commercial I Blok 201 Bsd Sektor Vi , Kota South Tangerang
120 BDI TANGERANG BSD Banten
Tangerang Selatan, Banten, 15310 CIty
Ruko Daan Mogot Km. 6, Komplek Indo Ruko Blok 6 C-D,
121 BDI JAKARTA DAAN MOGOT Jakarta West Jakarta
Jakarta Barat, DKI Jakarta, 11460
Komplek Green Ville Blok Ay No. 20, Jakarta Barat, DKI Jakarta,
122 BDI JAKARTA GREEN VILLE Jakarta West Jakarta
11510
CORPORATE DATA
Roseville Soho & Suite, Sunburst Cbd Lot I.8, Bsd City Rukan
South Tangerang
123 BDI TANGERANG ROSEVILLE Unit F, Jl. Kapten Soebianto Djojohadikusumo Rw 08, Lengkong Banten
CIty
Gudang, Kec. Serpong, Kota Tangerang Selatan, Banten, 15310
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CORPORATE DATA
No BRANCHES ADDRESS REGION AREA
Jl. Pattimura No.2-4, Telukbetung, Kota Bandar Lampung, Bandar Lampung
124 BDI TELUK BETUNG PATTIMURA Lampung
Lampung, 35223 CIty
Jl. Puri Indah Raya Blok I No. 41, Pesanggrahan, Jakarta Barat,
125 BDI JAKARTA PURI INDAH Jakarta West Jakarta
DKI Jakarta, 11610
Ruko Puri Niaga 3 Blok M8 - 1A,Puri Kencana, Jakarta Barat, DKI
126 BDI JAKARTA PURI KENCANA IC Jakarta West Jakarta
Jakarta, 11610
127 BDI TASIKMALAYA YUDA NEGARA Jl. Yudanegara No.40, Kota Tasikmalaya, Jawa Barat, 46121 West Java Tasikmalaya CIty
128 BDI GARUT CILEDUG Jl. Ciledug No.36 Garut, Kab. Garut, Jawa Barat, 44114 West Java Garut Regency
129 BDI CIREBON YOS SUDARSO Jl. Yos Sudarso No. 2, Kota Cirebon, Jawa Barat, 45111 West Java Cirebon City
Jl. Otto Iskandardinata No 55. Kel. Karanganyar, Kec. Subang,
130 BDI SUBANG OTISTA West Java Subang Regency
Kab. Subang, Jawa Barat, 43145
131 BDI SUKABUMI A YANI Jl. Jend. Ahmad Yani No. 30, Kota Sukabumi, Jawa Barat, 43131 West Java Sukabumi City
132 BDI CIANJUR COKROAMINOTO Jl.Hos.Cokroaminoto No.36, Kab. Cianjur, Jawa Barat, 43215 West Java Cianjur Regency
Purwakarta
133 BDI PURWAKARTA MARTADINATA Jl. Re Martadinata No. 7 Kab. Purwakarta, Jawa Barat, 41114 West Java
Regency
Bandung
134 BDI MAJALAYA KONDANG Jl. Kondang No. 34 Majalaya, Kab. Bandung, Jawa Barat, 40382 West Java
Regency
Jl. Raya Cibabat No.349 Cigugur Tengah, Kota Cimahi, Jawa
135 BDI CIMAHI CIBABAT West Java Cimahi City
Barat, 40513
Jl. Jenderal Gatot Subroto No. 268, Kota Bandung, Jawa Barat,
136 BDI BANDUNG GATOT SUBROTO West Java Bandung City
40275
137 BDI BANDUNG A YANI Jl. Ahmad Yani No. 638 Kota Bandung, Jawa Barat, 40282 West Java Bandung City
138 BDI BANDUNG SETIA BUDI Jl. Dr. Setiabudi 62, Kota Bandung, Jawa Barat, 40143 West Java Bandung City
Komp. Pertokoan Sumber Sari Indah T9, Jl. Sumber Sari Indah,
139 BDI BANDUNG SUMBER SARI 2 West Java Bandung City
Kota Bandung, Jawa Barat, 40222
140 BDI BANDUNG ASIA AFRIKA Jl. Asia Afrika No. 180 Kota Bandung, Jawa Barat, 40112 West Java Bandung City
141 BDI BANDUNG PUNGKUR Jl. Pungkur No. 118, Kota Bandung, Jawa Barat, 40252 West Java Bandung City
142 BDI BANDUNG KOPO Jl. Kopo No.26, Kota Bandung, Jawa Barat, 40242 West Java Bandung City
143 BDI BANDUNG BUAH BATU IC Jl. Buah Batu No. 166 Kota Bandung, Jawa Barat, 40264 West Java Bandung City
Jl. Jamika No. 11 A, Kel. Jamika, Kec. Bojongloa Kaler, Kota
144 BDI BANDUNG JAMIKA West Java Bandung City
Bandung, Jawa Barat, 40231
145 BDI BANDUNG JUANDA Jl. Ir, Juanda No.64, Kota Bandung, Jawa Barat, 40115 West Java Bandung City
146 BDI BANDUNG PAJAJARAN Jl. Pajajaran No. 151, Kota Bandung, Jawa Barat, 40172 West Java Bandung City
147 BDI BANDUNG PASIRKALIKI 2 Jalan Pasirkaliki No. 150 C, Kota Bandung, Jawa Barat, 40171 West Java Bandung City
148 BDI BANDUNG MERDEKA Jl. Merdeka No. 40 Kota Bandung, Jawa Barat, 40117 West Java Bandung City
Komp. Taman Kopo Indah, Ruko 2 & 3, Kab. Bandung, Jawa Bandung
149 BDI BANDUNG KOPO SAYATI West Java
Barat, 40226 Regency
BDI BANDUNG TAMAN KOPO INDAH Taman Kopo Indah Ii 1B No.26, Kota Bandung, Jawa Barat,
150 West Java Bandung City
II 40218
151 BDI BANDUNG SUNIARAJA Jl. Suniaraja No. 57 - 59, Kota Bandung, Jawa Barat, 40111 West Java Bandung City
Jl. Jenderal Sudirman No. 30-32, Kota Bandung, Jawa Barat,
152 BDI BANDUNG SUDIRMAN West Java Bandung City
40181
Ruko Pancawarna – Kota Baru Parahyangan Jl. Bujanggamanik,
BDI BANDUNG KOTA BARU West Bandung
153 Blok D - No. 79, Kel. Kertajaya, Kec. Padalarang Kab. Bandung West Java
PARAHYANGAN Regency
Barat, Bandung, Jawa Barat
154 BDI PEKALONGAN H WURUK Jl. Hayam Wuruk No.11A, Kota Pekalongan, Jawa Tengah, 51116 Central Java Pekalongan City
155 BDI TEGAL SUDIRMAN Jl. Jend Sudirman No.11A, Kota Tegal, Jawa Tengah, 52131 Central Java Tegal City
156 BDI CILACAP SUDIRMAN Jl. Jend Sudirman No.21, Kab. Cilacap, Jawa Tengah, 53212 Central Java Cilacap Regency
Jl. R Soeprapto 66 Purwodadi, Kab. Grobogan, Jawa Tengah, Grobogan
157 BDI PURWODADI R. SUPRAPTO IC Central Java
53114 Regency
Jl. Kiayi Haji Ahmad Dahlan No. 60, Kab. Purworejo, Jawa Purworejo
158 BDI PURWOREJO AHMAD DAHLAN Central Java
Tengah, 54151 Regency
159 BDI JEPARA PATIMURA IC Jl. Patimura Ruko Blok A2, Kab. Jepara, Jawa Tengah, 59416 Central Java Jepara Regency
160 BDI SALATIGA SUDIRMAN Jl. Jend. Sudirman No.170, Kota Salatiga, Jawa Tengah, 50724 Central Java Salatiga City
161 BDI KENDAL RAYA Jl. Raya No. 283, Kab. Kendal, Jawa Tengah, 51313 Central Java Kendal Regency
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HIGHLIGHTS
FINANCIAL
No BRANCHES ADDRESS REGION AREA
162 BDI SRAGEN SUKOWATI Jl. Raya Sukowati No. 243, Kab. Sragen, Jawa Tengah, 57211 Central Java Sragen Regency
Wonosobo
163 BDI WONOSOBO SUMBING Jl. Sumbing 22, Kab. Wonosobo, Jawa Tengah, 56311 Central Java
Regency
MANAGEMENT REPORT
164 BDI KLATEN PEMUDA Jl. Pemuda Utara No.135, Kab. Klaten, Jawa Tengah, 57414 Central Java Klaten Regency
165 BDI KUDUS A YANI Jl. A. Yani No. 77, Kab. Kudus, Jawa Tengah, 59318 Central Java Kudus City
166 BDI MAGELANG PEMUDA Jl. Pemuda No. 149, Kota Magelang, Jawa Tengah, 56126 Central Java Magelang City
Rembang
167 BDI REMBANG KARTINI IC Jl. Kartini No. 23. Kab. Rembang, Jawa Tengah, 59212 Central Java
Regency
BDI TEMANGGUNG TENTARA Jl. Tentara Pelajar No. 6, Kec. Temanggung, Kab. Temanggung, Temanggung
168 Central Java
PELAJAR IC Jawa Tengah, 56212 Regency
Jl. Yos Sudarso No. 428, Gombong, Kab. Kebumen, Jawa Kebumen
169 BDI GOMBONG YOS SUDARSO Central Java
Tengah, 54412 Regency
Jl. Jend. Sudirman No. 183, Purwokerto, Kab. Banyumas, Jawa Banyumas
170 BDI PURWOKERTO SUDIRMAN Central Java
Tengah, 53133 Regency
COMPANY PROFILE
Purbalingga
171 BDI PURBALINGGA SUDIRMAN Jl. Jend Sudirman No.111, Kab. Purbalingga, Jawa Tengah, 53311 Central Java
Regency
172 BDI PATI PEMUDA IC Jl. Pemuda No. 239 C, Kab. Pati, Jawa Tengah, 59115 Central Java Pati Regency
173 BDI JUWANA SILUGONGGONG Jl. Silugonggong No. 12, Juwana, Kab. Pati, Jawa Tengah, 59185 Central Java Pati Regency
Jl Ir. Soekarno Blok C Kel. Madeondo Kec. Grogol Sukoharjo, Sukoharjo
174 BDI SUKOHARJO IR SOEKARNO Central Java
Kab. Sukoharjo, Jawa Tengah, 57142 Regency
BDI YOGYAKARTA JALAN MAGELANG Jl Magelang No 93, Desa Sinduadi, Kecamatan Mlati, Kab. Special Region
175 Sleman Regency
(dh BDI YOGYAKARTA DIPONEGORO) Sleman, Yogyakarta, 55231 of Yogyakarta
Jl. Urip Sumoharjo No. 91, Kelurahan Kepatihan Wetan, Surakarta/Solo
176 SOLO - URIP SUMOHARJO Central Java
Kecamatan Jebres, Kota Surakarta / Solo, Jawa Tengah, 57169 City
DISCUSSION & ANALYSIS
Jl. Brigjen Katamso No.190 Gondomanan, Kota Yogyakarta, Special Region
177 BDI YOGYAKARTA GONDOMANAN Yogyakarta City
Yogyakarta, 55152 of Yogyakarta
MANAGEMENT
Jl. Slamet Riyadi No.312, Kelurahan Sriwedari, Kecamatan Surakarta/Solo
178 BDI SOLO SLAMET RIYADI Central Java
Laweyan, Kota Surakarta / Solo, Jawa Tengah, 57142 City
179 BDI SEMARANG SETIABUDI Jl . Setiabudi No 119, Kota Semarang, Jawa Tengah, 50263 Central Java Semarang City
Special Region
180 BDI YOGYAKARTA URIP S. Jl. Urip Sumohardjo 123, Kota Yogyakarta, Yogyakarta, 55222 Yogyakarta City
of Yogyakarta
Jl. Sultan Agung No. 104-106 B Ruko No.3, Kota Semarang, Jawa
181 BDI SEMARANG SULTAN AGUNG Central Java Semarang City
Tengah, 50253
182 BDI SEMARANG PEMUDA Jl. Pemuda No. 175, Kota Semarang, Jawa Tengah, 50132 Central Java Semarang City
OPERATIONAL REVIEW
Jl. Puri Anjasmoro G 1 No. 36, Kel. Tawangsari, Kec. Semarang
183 BDI SEMARANG PURI ANJASMORO Central Java Semarang City
Barat, Kota Semarang, Jawa Tengah, 50144
184 BDI SEMARANG GG TENGAH Gang Tengah No. 77, Kota Semarang, Jawa Tengah, 50137 Central Java Semarang City
Jl. Mt Haryono Bangkong Plaza C-2, Kota Semarang, Jawa
185 BDI SEMARANG BANGKONG Central Java Semarang City
Tengah, 50242
Komp. Citraland. Jl. Anggrek Raya Kav 23-25, Kota Semarang,
186 BDI SEMARANG CITRALAND IC Central Java Semarang City
Jawa Tengah, 50241
Jl. Majapahit Ruko Gayamsari Blok A3, Kota Semarang, Jawa
187 BDI SEMARANG MAJAPAHIT Central Java Semarang City
Tengah, 50246
188 BDI SEMARANG SUARI Jl. Suari No.17A, Kota Semarang, Jawa Tengah, 50137 Central Java Semarang City
Jl. MT Haryono Nomor 427–429 Blok A7 RT 001 RW 001, Kota
189 BDI SEMARANG MT HARYONO Central Java Semarang City
Semarang, Jawa Tengah, 50126
GOVERNANCE
CORPORATE
Pamekasan
190 BDI PAMEKASAN TRUNOJOYO Jl. Trunojoyo No. 63, Kab. Pamekasan, Jawa Timur, 69317 East Java
Regency
191 BDI JEMBER GAJAH MADA Jl. Gajah Mada No. 84, Kab. Jember, Jawa Timur, 68131 East Java Jember Regency
Banyuwangi
192 BDI BANYUWANGI A YANI Jl. Jend A. Yani No.41, Kab. Banyuwangi, Jawa Timur, 68414 East Java
Regency
Bojonegoro
193 BDI BOJONEGORO SUROPATI Jl. Untung Suropati No. 26, Kab. Bojonegoro, Jawa Timur, 62115 East Java
Regency
194 BDI MADIUN COKROAMINOTO Jl. Hos Cokroaminoto 124-126, Kota Madiun, Jawa Timur, 63131 East Java Madiun City
195 BDI BLITAR MERDEKA Jl. Merdeka 28 Kav.4-5, Kota Blitar, Jawa Timur, 66117 East Java Blitar City
CORPORATE DATA
196 BDI KEDIRI BRAWIJAYA Jl. Brawijaya No.33, Kota Kediri, Jawa Timur, 64123 East Java Kediri City
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Jl. Kapten Kasihin No. 157, Kab. Tulungagung, Jawa Timur, Tulungagung
197 BDI TULUNG AGUNG KASIHIN East Java
66229 Regency
Kawasan Central Niaga Pandaan Kav. 7-8 Lk. Petungwulung,
Pasuruan
198 BDI PASURUAN PANDAAN Rt. 05 Rw. 06, Kelurahan Petungsari, Kecamatan Pandaan, Kab. East Java
Regency
Pasuruan, Jawa Timur, 57452
Jombang
199 BDI JOMBANG KH HASYIM Jl. Kh Wahid Hasyim 121, Kab. Jombang, Jawa Timur, 61411 East Java
Regency
Jl. Mojopahit No. 282 Kel. Mentikan Kec. Prajurit Kulon, Kota
200 BDI MOJOKERTO SUDIRMAN East Java Mojokerto City
Mojokerto, Jawa Timur, 61313
201 BDI GRESIK KARTINI Jl. R.A. Kartini No. 236/5, Kab. Gresik, Jawa Timur, 61122 East Java Gresik Regency
202 BDI SIDOARJO A YANI Jl. A. Yani No.7, Kab. Sidoarjo, Jawa Timur, 61219 East Java Sidoarjo Regency
Jl. Raya Margomulyo No. 9 Blok Aa No. 10, Kel. Balongsri, Kec.
203 BDI SURABAYA MARGOMULYO East Java Surabaya City
Tandes, Kota Surabaya, Jawa Timur, 60183
204 BDI SURABAYA HR MUHAMMAD Jl. Hr Muhammad 86 C-D, Kota Surabaya, Jawa Timur, 60226 East Java Surabaya City
Ruko Taman Pondok Indah Raya-Menganti No. A-29, Kota
205 BDI SURABAYA WIYUNG East Java Surabaya City
Surabaya, Jawa Timur, 60161
206 BDI SURABAYA KAPAS KRAMPUNG Jl. Kapas Krampung No. 106, Kota Surabaya, Jawa Timur, 60135 East Java Surabaya City
207 BDI SURABAYA MULYOSARI Jl. Raya Mulyosari 134, Pb 14, Kota Surabaya, Jawa Timur, 60112 East Java Surabaya City
208 BDI SURABAYA KLAMPIS Jl. Klampis Jaya No.136, Kota Surabaya, Jawa Timur, 60117 East Java Surabaya City
209 BDI SURABAYA DHARMAHUSADA Jl.Dhramahusada No.168, Kota Surabaya, Jawa Timur, 60285 East Java Surabaya City
210 BDI MALANG KAWI Jl. Kawi No. 15, Kota Malang, Jawa Timur, 65116 East Java Malang City
211 BDI MALANG SUTAN SYAHRIR Jl. Sutan Syahrir No.15, , Kota Malang, Jawa Timur, 65162 East Java Malang City
212 BDI SURABAYA DIPONEGORO Jl. Diponegoro No. 160, Kota Surabaya, Jawa Timur, 40264 East Java Surabaya City
213 BDI SURABAYA KEDUNGDORO 2 Jl. Kedungdoro No. 95, Kota Surabaya, Jawa Timur, 60251 East Java Surabaya City
214 BDI SURABAYA DARMO Jl. Raya Darmo No. 59, Kota Surabaya, Jawa Timur, 60189 East Java Surabaya City
215 BDI SURABAYA JEMUR ANDAYANI Jl. Jemur Andayani 46 B-C, Kota Surabaya, Jawa Timur, 60237 East Java Surabaya City
216 BDI SURABAYA MARGOREJO INDAH Jl.Margorejo Indah No.90, Kota Surabaya, Jawa Timur, 60238 East Java Surabaya City
217 BDI SURABAYA MAYJEN SUNGKONO Jl.Mayjen Sungkono No.75, Kota Surabaya, Jawa Timur, 60224 East Java Surabaya City
Komp. Pertokoan Manyar Indah Plaza Kav. A-3 , Jl. Ngagel Jaya
218 BDI SURABAYA NGAGEL East Java Surabaya City
Selatan, Kota Surabaya, Jawa Timur, 60283
219 BDI SURABAYA COKLAT Jl. Coklat No. 8, Kota Surabaya, Jawa Timur, 60161 East Java Surabaya City
220 BDI SURABAYA KEMBANG JEPUN Jl.Kembang Jepun No.43, Kota Surabaya, Jawa Timur, 60161 East Java Surabaya City
221 BDI SURABAYA PASAR TURI Komp. Sinar Galaxy B-70, Kota Surabaya, Jawa Timur, 60174 East Java Surabaya City
222 BDI SURABAYA RAJAWALI Jl. Rajawali 51-B, Kota Surabaya, Jawa Timur, 60175 East Java Surabaya City
Jalan Pucang Anom Timur No 28I-28Ii Kelurahan Kertajaya,
223 BDI SURABAYA PUCANG ANOM East Java Surabaya City
Kecamatan Gubeng, Kota Surabaya, Jawa Timur, 60282
224 BDI SURABAYA KERTAJAYA IC Jl. Kertajaya No. 141, Kota Surabaya, Jawa Timur, 60286 East Java Surabaya City
BDI PGB SURABAYA PANGLIMA
225 Jl. Panglima Sudirman 11-17, Kota Surabaya, Jawa Timur, 60271 East Java Surabaya City
SUDIRMAN
226 BDI SURABAYA GUBERNUR SURYO Jl. Gubernur Suryo No.12, Kota Surabaya, Jawa Timur, 60271 East Java Surabaya City
227 BDS SURABAYA DIPONEGORO Jl. Diponegoro No. 31, Surabaya, Jawa Timur 60241 East Java Surabaya City
Komplek Ruko Promenade No 5, Jl Ir. Soekarno Hatta No. 5,
228 BDI SURABAYA MERR East Java Surabaya City
Kedung Baruk, Rungkut, Kota Surabaya, Jawa Timur, 60238
East Nusa
229 BDI KUPANG SUMATERA Jl. Sumatera No. 43, Kota Kupang, Nusa Tenggara Timur, 85229 Kupang City
Tenggara
Jl. Jendral Sudirman No. 22, Atambua, Kab. Belu, Nusa Tenggara East Nusa
230 BDI ATAMBUA SUDIRMAN Belu Regency
Timur, 85711 Tenggara
Jl. Ir Soekarno Hatta RT 008, Rw 003, Kelurahan Taruga,
West Nusa
231 BDI BIMA SOEKARNO HATTA Kecamatan Rasanae Barat, Kab. Bima, Nusa Tenggara Barat, Bima City
Tenggara
84111
Jl. Adi Sucipto 88A, Ruteng, Kab. Manggarai, Nusa Tenggara East Nusa Manggarai
232 BDI MANGGARAI ADI SUCIPTO
Timur, 86518 Tenggara Regency
Jl. Diponegoro No. 26 Kel. Bugis, Kec. Sumbawa, Kab. Sumbawa, West Nusa Sumbawa
233 BDI SUMBAWA DIPONEGORO
Nusa Tenggara Barat, 84313 Tenggara Regency
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No BRANCHES ADDRESS REGION AREA
Jl. Raya Centis No. 15 Maumere, Kab. Sikka, Nusa Tenggara East Nusa
234 BDI MAUMERE RAYA CENTIS Sikka Regency
Timur, 86111 Tenggara
East Nusa
235 BDI ENDE SOEKARNO Jl. Soekarno No. 77, Kab. Ende, Nusa Tenggara Timur, 86312 Ende Regency
MANAGEMENT REPORT
Tenggara
Buleleng
236 BDI SINGARAJA A YANI Jl. A. Yani No. 46, Singaraja, Kab Bulelelng, Bali, 81116 Bali
Regency
Jembrana
237 BDI NEGARA NGURAH RAI Jl. Ngurah Rai No. 101, Negara, Kab. Jembrana, Bali, 82211 Bali
Regency
Jl. Gajah Mada No.9 Desa Delod Peken , Kecamatan Tabanan, Tabanan
238 BDI TABANAN GAJAH MADA Bali
Kab. Tabanan, Bali, 82113 Regency
Jl. By Pass Ngurah Rai, Depan Komplek Pertokoan Tragia, Kota
239 BDI DENPASAR NUSA DUA Bali Denpasar City
Denpasar, Bali, 80228
240 BDI GIANYAR DHARMA GIRI IC Jl. Dharma Giri No. 21, Kab. Gianyar, Bali, 80515 Bali Gianyar Regency
241 BDI KUTA LEGIAN Jl. Raya Legian No. 87 Kuta, Kab. Badung, Bali, 80361 Bali Badung Regency
COMPANY PROFILE
Jl. Ida Bagus Manik, Banjar Ambengan, Peliatan Ubud, Kab.
242 BDI UBUD CAMPUAN Bali Gianyar Regency
Gianyar, Bali, 80238
243 BDI DENPASAR DIPONEGORO Jl. Diponegoro No. 137 Kota Denpasar, Bali, 80114 Bali Denpasar City
BDI BADUNG GATOT SUBROTO
244 Jl. Gatot Subroto Barat 354, Kab. Badung, Bali, 80361 Bali Badung Regency
BARAT
Jl. Raya Kerobokan, Desa Kerobokan Kelurahan Badung, Kec.
245 BDI BADUNG KEROBOKAN Bali Badung Regency
Kuta Utara, Kab. Badung Bali, 80361
West Nusa
246 BDI MATARAM PEJANGGIK Jl. Pejanggik 117, Kota Mataram, Nusa Tenggara Barat, 83122 Mataram City
Tenggara
247 BDI DENPASAR HAYAM WURUK Jl. Hayam Wuruk No. 246, Kota Denpasar, Bali, 80235 Bali Denpasar City
DISCUSSION & ANALYSIS
Jl. Sandubaya No 35. Bertais Sweta, Kota Mataram, Nusa West Nusa
248 BDI SWETA TEGUH FAISAL Mataram City
Tenggara Barat, 83236 Tenggara
249 BDI DENPASAR GATOT SUBROTO Jl. Gatot Subroto No.79, Kota Denpasar, Bali, 80116 Bali Denpasar City
MANAGEMENT
250 BDI DENPASAR GUNUNG AGUNG Jl. Gunung Agung No. 1 A, Kota Denpasar, Bali, 80117 Bali Denpasar City
Jl.Diponegoro No.143 Kel. Ilir Kec.Gunungsitoli, Kab Nias,
251 BDI GUNUNG SITOLI DIPONEGORO North Sumatra Nias Regency
Sumatera Utara, 22815
Jl. Ketapang No.49, Kota Tanjung Pinang, Kepulauan Riau, Tanjung Pinang
252 BDI TANJUNG PINANG POS Riau Islands
29133 City
Jl. Kh Ahmad Dahlan No.94, Rantau Prapat, Kab. Labuhan Batu, Labuhan Batu
253 BDI RANTAU PRAPAT A DAHLAN North Sumatra
Sumatra Utara, 21412 Regency
254 BDI SIBOLGA IMAM BONJOL Jl. Imam Bonjol No.63, Kota Sibolga, Sumatera Utara, 22522 North Sumatra Sibolga City
OPERATIONAL REVIEW
Jl. Merdeka No.22, Kota Padang Sidempuan, Sumatera Utara, Padang
255 BDI PADANG SIDEMPUAN MERDEKA North Sumatra
22718 Sidempuan City
Jl. Pramuka No. 69, Tanjung Balai Karimun, Kab. Karimun,
256 BDI KARIMUN PRAMUKA Riau Islands Karimun Regency
Kepulauan Riau, 29661
Jl. Sutomo No. 5 D/E, Kota Pematang Siantar, Sumatera Utara, Pematang
257 BDI P.SIANTAR SUTOMO North Sumatra
21132 Siantar City
Jl. Jend.Sudirman No. 158 Kel. Badak Bejuang Kec. Rambutan Tebing Tinggi
258 BDI TEBING TINGGI SUDIRMAN North Sumatra
Kota Tebing Tinggi, Sumatera Utara, 20615 City
BDI TANJUNG BALAI Jl. Cokroaminoto 48 A, Tj. Balai Asahan, Kota Tanjung Balai, Tanjung Balai
259 North Sumatra
COKROAMINOTO Sumatera Utara, 21312 City
Jl Imam Bonjol No.145 - 147, Kisaran Timur, Kab. Asahan,
260 BDI KISARAN IMAM BONJOL North Sumatra Asahan Regency
Sumatra Utara, 21214
GOVERNANCE
CORPORATE
261 BDI MEDAN BINJAI Jl. Jend. Sudirman No.60, Kota Binjai, Sumatera Utara, 20152 North Sumatra Binjai City
262 BDI STABAT ZAINAL ARIFIN Jl. Zainal Arifin 774, Stabat Kab. Langkat, Sumatera Utara, 20811 North Sumatra Langkat Regency
Jl. Pemuda No. 30, Tanjungpura, Kab. Langkat, Sumatera Utara,
263 BDI MEDAN TANJUNG PURA North Sumatra Langkat Regency
20151
Jl. Irian No. 111 Tanjung Morawa, Kab. Deli Serdang, Sumatra Deli Serdang
264 BDI TANJUNG MORAWA IC North Sumatra
Utara, 20362 Regency
Jl . Sutomo No. 85 , Lunuk Pakam, Kab. Deli Serdang, Sumatra Deli Serdang
265 BDI DELI SERDANG SUTOMO North Sumatra
Utara, 20552 Regency
Komp. Ruko Cemara Asri No. 8D, Jl. Boulevard Timur, Kel.
Deli Serdang
266 BDI MEDAN CEMARA ASRI Sampali, Kec. Percut Sei Tuan, Kota Medan, Sumatera Utara, North Sumatra
CORPORATE DATA
Regency
20115
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Komp Pertokoan Botania Garden Blok A No 02 Batam Center,
267 BDI BATAM BOTANIA Riau Islands Batam City
Kota Batam, Kepulauan Riau, 29433
268 BDI MEDAN KRAKATAU Jl.Krakatau No.127 - 127A, Kota Medan, Sumatera Utara, 20239 North Sumatra Medan City
Jl. Brigjend Zein Hamid Km. 55 No. 12 C, LK V, Kelurahan Titi
269 BDI MEDAN BRIGJEND ZEIN HAMID Kuning, Kecamatan Medan Johor, Kota Medan, Sumatera Utara, North Sumatra Medan City
20159
Komplek Palm Spring Batam Center Blok D1 No. 8 Dan 9, Kota
270 BDI BATAM PALM SPRING Riau Islands Batam City
Batam, Kepulauan Riau, 29433
Jl. Raden Patah No. 15 A, Lubuk Baja, Kota Batam, Kepulauan
271 BDI BATAM RADEN PATAH Riau Islands Batam City
Riau, 29444
272 BDI MEDAN PUSAT PASAR Jl. Pusat Pasar No.P 187, Kota Medan, Sumatera Utara, 20212 North Sumatra Medan City
Bank Duta Building Nagoya Jl.Imam Bonjol Nagoya Batam, Kota
273 BDI BATAM NAGOYA Riau Islands Batam City
Batam, Kepulauan Riau, 29444
274 BDI MEDAN DIPONEGORO Jl. P. Diponegoro No. 35, Kota Medan, Sumatera Utara, 20152 North Sumatra Medan City
Komp.Tomang Elok Blok Bb No.98, Seikambing, Kota Medan,
275 BDI MEDAN TOMANG ELOK North Sumatra Medan City
Sumatera Utara, 20123
276 BDI MEDAN A. YANI Jl. Ahmad Yani No. 74, Kota Medan, Sumatera Utara, 20111 North Sumatra Medan City
Ruko Medan Asia Jl.Asia Indah Blok C No.10-11 Kel. Sukaramai
277 BDI MEDAN ASIA MEGA MAS North Sumatra Medan City
Ii, Kec. Medan Area, Kota Medan, Sumatera Utara, 20216
278 BDI MEDAN SETIA BUDI Jl.Setiabudi No.4, Kota Medan, Sumatera Utara, 20119 North Sumatra Medan City
279 BDI MEDAN PUTRI HIJAU Jl. Putri Hijau No. 2, Kota Medan, Sumatera Utara, 20111 North Sumatra Medan City
Jl. Nibung Utama No.3-4, Kelurahan Petisah Tengah, Kecamatan
280 BDI MEDAN PETISAH North Sumatra Medan City
Medan Barat, Kota Medan, Sumatera Utara, 20112
Jl. Iskandar Muda No.226-230, Kota Medan, Sumatera Utara,
281 BDI MEDAN ISKANDAR MUDA North Sumatra Medan City
20153
282 BDI MEDAN RAHMADSYAH Jl. Rahmadsyah No. 22, Kota Medan, Sumatera Utara, 20123 North Sumatra Medan City
283 BDI MEDAN PEMUDA Jl. Pemuda No. 5 A-D, Kota Medan, Sumatera Utara, 20151 North Sumatra Medan City
284 BDI MEDAN PANDU Jl. Pandu 41/70, Kota Medan, Sumatera Utara, 20151 North Sumatra Medan City
285 BDI MEDAN THAMRIN Jl.Thamrin No.93-95, Medan - Sumatera Utara 20214, 20214 North Sumatra Medan City
286 BDI MEDAN ASIA Jl. Asia 184C, Kota Medan, Sumatera Utara, 20211 North Sumatra Medan City
Jl. Sri Ratu Safiatuddin No.54, Nanggroe Aceh Darussalam,
287 BDS ACEH Aceh Banda Aceh City
23122
288 BDS LANGSA TEUKU UMAR Jl. Teuku Umar No.114, Langsa - Aceh Timur Aceh Langsa City
Lhokseumawe
289 BDS LHOKSUMAWE PERDAGANGAN Jl. Perdagangan No. 47-49, Lhokseumawe - Aceh Utara Aceh
City
Aceh Jeumpa/
290 BDS BIREUEN KOL. HUSEIN YUSUF Jl. Kolonel Husein Yusuf No. 1, Bireun Aceh
Bireuen Regency
Jl.M.Boya Rt/Rw.01/11, Kel. Tembilahan, Kab. Indragiri Hilir, Indragiri Hilir
291 BDI INDRAGIRI HILIR M.BOYA Riau
Riau, 29212 Regency
Jl. Masjid Jamik No. 27, Kota Pangkal Pinang, Bangka Belitung, Bangka Pangkal Pinang
292 BDI PANGKAL PINANG SUDIRMAN
33132 Belitung City
293 BDI BENGKULU SUPRAPTO Jl. S. Parman No. 35, Kota Bengkulu, Bengkulu, 38227 Bengkulu Bengkulu City
Jl. Yos Sudarso No.103, RT.001, Kel. Cereme Taba, Kec.
Lubuklinggau
294 BDI LUBUK LINGGAU YOS SUDARSO Lubuklinggau Timur II, Kota Lubuklinggau, Sumatera Selatan, South Sumatra
City
31611
Jl. Nelayan No. 5 Kuala Tungkal, Kab. Tanjung Jabung Barat, West Tanjung
295 BDI JAMBI KUALA TUNGKAL Jambi
Jambi, 36124 Jabung Regency
Jl. Akmal No.756, Rt/Rw. 015 / 006, Kelurahan Pasar Baru,
Ogan Komering
296 BDI BATU RAJA AKMAL Kecamatan Batu Raja Timur, Batu Raja, Kab. Ogan Komering South Sumatra
Ulu Regency
Ulu, Sumatera Selatan, 32112
Jl.Jend Sudirman No.761 Bagan Batu, Kab. Rokan Hilir, Riau, Rokan Hilir
297 BDI BAGAN BATU SUDIRMAN Riau
28992 Regency
Bengkalis
298 BDI DURI SUDIRMAN Jl. Sudirman No. 151-152 Duri, Kab. Bengkalis, Riau, 28784 Riau
Regency
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299 BDI DUMAI SUKAJADI Jl. Diponegoro No. 81 A-B, Kota Dumai, Riau, 28812 Riau Dumai City
300 BDI BUKITTINGGI A YANI Jl. A. Yani No.116F, Kota Bukit Tinggi, Sumatera Barat, 26113 West Sumatra Bukittinggi City
MANAGEMENT REPORT
301 BDI PEKANBARU TUANKU TAMBUSAI Jl.Tuanku Tambusai No.12 A, Kota Pekanbaru, Riau, 28292 Riau Pekanbaru City
Jl. Basuki Rahmat No.897 C-D, Kota Palembang, Sumatera
302 BDI PALEMBANG BASUKI RAHMAT South Sumatra Palembang City
Selatan, 30151
Jl. Gatot Subroto Komp. Kota Indah Blok A-B No.1 Jambi, Kota
303 BDI JAMBI KOTA INDAH Jambi Jambi City
Jambi, Jambi, 36134
304 BDI JAMBI SUTOMO Jl. Dr. Sutomo No. 40, Kota Jambi, Jambi, 36265 Jambi Jambi City
Jl.Hr Subrantas, Komp.Metropolitan City Blok A-6 Panam, Kota
305 BDI PEKANBARU HR SUBRANTAS Riau Pekanbaru City
Pekanbaru, Riau, 28293
306 BDI PEKANBARU RIAU Jl. Griya, Ruko No. 1 & 2, Tampan, Kota Pekanbaru, Riau, 28464 Riau Pekanbaru City
307 BDI PADANG BUNDO KANDUNG Jl. Bundo Kandung No. 23, Kota Padang, Sumatera Barat, 25118 West Sumatra Padang City
308 BDI PADANG SUDIRMAN Jl. Jend. Sudirman No. 40, Kota Padang, Sumatera Barat, 27114 West Sumatra Padang City
COMPANY PROFILE
Jl. Jendral Sudirman No. 1129, Kelurahan 20 Ilir, Kecamatan Ilir
309 BDI PALEMBANG SUDIRMAN South Sumatra Palembang City
Timur I, Kota Palembang, Sumatera Selatan, 30126
310 BDI PEKANBARU PROF YAMIN Jl. Prof. M. Yamin No. 19 B-C, Kota Pekanbaru, Riau, 28155 Riau Pekanbaru City
311 BDI PEKANBARU WAHID HASYIM Jl. W Hasyim No. 2, Kota Pekanbaru, Riau, 28111 Riau Pekanbaru City
BDI PEKANBARU SIMPANG PASAR Jl. M. Yatim No. 65 Rt/Rw 003/001 Kel. Kampung Dalam, Kec.
312 Riau Pekanbaru City
BAWAH Senapelan, Kota Pekanbaru, Riau, 28152
Jl. Mesjid Lama No. 170, Kota Palembang, Sumatera Selatan,
313 BDI PALEMBANG MESJID LAMA South Sumatra Palembang City
30125
West Ketapang
314 BDI KETAPANG MERDEKA Jl. Merdeka No. 181, Kab. Ketapang, Kalimantan Barat, 78811
Kalimantan Regency
DISCUSSION & ANALYSIS
Jl Pangeran Antasari No. 135, Rt/Rw 01/01 Desa Kampung Raja, West
Central
315 BDI PANGKALAN BUN ANTASARI Kecamatan Arut Selatan, Kab. Kotawaringin Barat, Propinsi Kotawaringin
Kalimantan
Kalimantan Tengah, 74113 Regency
MANAGEMENT
East
Jl. Mayjend. Sutoyo No 86, Sampit, Kab. Kotawaringin Timur, Central
316 BDI SAMPIT MAYJEN SUTOYO Kotawaringin
Kalimantan Tengah, 74322 Kalimantan
Regency
Central Palangkaraya
317 BDI PALANGKARAYA A YANI Jl. A. Yani No. 82, Kota Palangkaraya, Kalimantan Tengah, 73111
Kalimantan City
Jl. R.A Kartini No. 42 Tanah Grogot, Kab. Pasir, Kalimantan East
318 BDI TANAH GROGOT SUPRAPTO Pasir Regency
Timur, 76144 Kalimantan
Jl. Yos Sudarso No.8A – 8B, Kelurahan Karang Rejo, Kecamatan East
319 BDI TARAKAN YOS SUDARSO Tarakan City
Tarakan Barat, Kota Tarakan, Kalimantan Utara, 77113 Kalimantan
OPERATIONAL REVIEW
West
320 BDI SANGGAU A YANI Jl. Ahmad Yani No. 99, Kab. Sanggau Kalimantan Barat, 78516 Sanggau Regency
Kalimantan
Jl. Mangga II. No. 4D, RT. 016 RW. 00, Kel. Tanjung Redeb, Kec. East
321 BDI TANJUNG REDEP AKB SANIPA Berau Regency
Tanjung Redeb, Kab. Berau, Kalimantan Timur, 77312 Kalimantan
Jl. Jend Ahmad Yani No. 2 Rt. 09, Kota Bontang, Kalimantan East
322 BDI BONTANG A. YANI Bontang City
Timur, 75311 Kalimantan
Jl. Skip Ii Kavling 20 Tj. Selor, Kab. Bulungan, Kalimantan Timur, East Bulungan
323 BDI TANJUNG SELOR SKIP II
77212 Kalimantan Regency
Jl. Yos Sudarso II RT. 14 Sangatta Utara Kec. Sangatta, Kab East East Kutai
324 BDI SANGATTA YOS SUDARSO
Kutai Timur, Kalimantan Timur, 75683 Kalimantan Regency
Jl. Juang Blok H No. 3 Dan 4, Nanga Pinoh, Kab. Melawi, West
325 BDI MELAWI JUANG Melawi Regency
Kalimantan Barat, 79672 Kalimantan
GOVERNANCE
CORPORATE
West
326 BDI SINTANG MT HARYONO Jl Mt. Haryono No. 5, Kab. Sintang, Kalimantan Barat, 78614 Sintang Regency
Kalimantan
Jl. Putri Ciptasari 8-10, Kab. Kota Baru, Kalimantan Selatan, South Kota Baru
327 BDI KOTABARU PUTRI CIPTASARI
72113 Kalimantan Regency
Jl. Raya Batu Licin No. 2-3 Batu Licin, Kab. Kota Baru, South Kota Baru
328 BDI KOTABARU BATU LICIN
Kalimantan Selatan, 72273 Kalimantan Regency
CORPORATE DATA
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Kutai
Jl. Kh. Ahmad Mukhsin No. 19 RT IV Kel. Timbau, Kec. East
329 BDI TENGGARONG MADUNINGRAT Kartanegara
Tenggarong, Kab. Kutai Katanegara, Kalimantan Timur, 75512 Kalimantan
Regency
Jl. Jurusan Pontianak, Sungai Pinyuh, Kab. Pontianak, West Pontianak
330 BDI PONTIANAK SEIPINYUH
Kalimantan Barat, 78353 Kalimantan Regency
Jl. A. Yani Km 34, No 31, Kota Banjarbaru, Kalimantan Selatan, South
331 BDI BANJAR BARU A. YANI Banjarbaru City
71313 Kalimantan
West
332 BDI SINGKAWANG NIAGA Jl. Niaga No. 5-7, Kota Singkawang, Kalimantan Barat, 79122 Singkawang City
Kalimantan
Jl. Muh. Hambal No. 48, Pemangkat, Kab. Sambas, Kalimantan West
333 BDI PEMANGKAT M HAMBAL Sambas Regency
Barat, 79453 Kalimantan
Jl. Khatulistiwa No. H- 99, Siantan, Kab. Pontianak, Kalimantan West Pontianak
334 BDI SIANTAN KHATULISTIWA
Barat, 78242 Kalimantan Regency
BDI PONTIANAK SUNGAI RAYA Jl. Sungai Raya Dalam No. C. Kel. Bangka Belitung Darat, Kec. West
335 Pontianak City
DALAM Pontianak Tenggara, Kota Pontianak, Kalimantan Barat, 78391 Kalimantan
Jl. Pandansari No .2 Rt 15, Kota Balikpapan, Kalimantan Timur, East
336 BDI BALIKPAPAN PANDANSARI Balikpapan City
76131 Kalimantan
Jl. A.Yani Km. 2.5 No. 81, Kota Banjarmasin, Kalimantan Selatan, South
337 BDI BANJARMASIN A YANI Banjarmasin City
70237 Kalimantan
Jl. Jend.Sudirman No. 54, Kota Balikpapan, Kalimantan Timur, East
338 BDI BALIKPAPAN SUDIRMAN Balikpapan City
76113 Kalimantan
Jl. Pahlawan Rt.032, Kel. Dadi Mulya Kec. Samarinda Ulu, Kota East
339 BDI SAMARINDA PAHLAWAN Samarinda City
Samarina, Kalimantan Timur, 75123 Kalimantan
Jl. KH Wahid Hasyim No. 24 - 26, Kota Pontianak, Kalimantan West
340 BDI PONTIANAK KH. WAHID HASYIM Pontianak City
Barat, 78115 Kalimantan
Jl. Mulawarman No. 27 RT 28, Kel. Pelabuhan, Kec. Samarinda East
341 BDI SAMARINDA CITRA NIAGA Samarinda City
Ilir, Kota Samarina, Kalimantan Timur, 75112 Kalimantan
BDI BANJARMASIN PANGERAN Jl Pangeran Antasari No. 95, Kota Banjarmasin, Kalimantan South
342 Banjarmasin City
ANTASARI Selatan, 70237 Kalimantan
Jl. Gajah Mada No.181 -183, RT/RW. 004/027, Kel. Benua Melayu
West
343 BDI PONTIANAK GAJAH MADA Darat, Kec. Pontianak Selatan, Kota Pontianak, Kalimantan Pontianak City
Kalimantan
Barat, 78243
Jl. Jend. Sudirman No. 31, Kota Samarinda, Kalimantan Timur, East
344 BDI SAMARINDA SUDIRMAN Samarinda City
75121 Kalimantan
BDI BANJARMASIN LAMBUNG Jl. Lambung Mangkurat No. 50, Kota Banjarmasin, Kalimantan South
345 Banjarmasin City
MANGKURAT Selatan, 70111 Kalimantan
Jl. Tanjung Pura No. 102, Kota Pontianak, Kalimantan Barat, West
346 BDI PONTIANAK TANJUNG PURA Pontianak City
78117 Kalimantan
Jl. ST. Muhammad No. 173, Kota Pontianak, Kalimantan Barat, West
347 BDI PONTIANAK ST MUHAMMAD Pontianak City
11111 Kalimantan
Merauke
348 BDI MERAUKE MANDALA Jl.Raya Mandala No.71, Kab Merauke, Papua, 99616 Papua
Regency
Manokwari
349 BDI MANOKWARI Y SUDARSO Jl.Yos Sudarso No.41 E/F, Kab. Manokwari, Papua, 98312 West Papua
Regency
Jl. Jendral Ahmad Yani, Kel Remu Utara, Kec. Sorong, Kota
350 BDI SORONG A YANI West Papua Sorong City
Sorong, Papua Barat, 98416
Jl. Usman Binol Rw Vii, Kecamatan Baolan, Kelurahan Baru, Kab. Central
351 BDI TOLI TOLI USMAN BINOL Toli-Toli Regency
Tolitoli, Sulawesi Tengah, 94511 Sulawesi
Central
352 BDI PALU HASANUDIN Jl. St.Hasanudin No.27, Kota Palu, Sulawesi Tengah, 94111 Palu City
Sulawesi
353 BDI NABIRE YOS SUDARSO Jl.Yos Sudarso No.12, Kab. Nabire, Papua, 98816 Papua Nabire Regency
354 BDI TIMIKA YOS SUDARSO Jl. Yos Sudarso No. 12, Timika, Kab. Mimika, Papua, 99971 Papua Mimika Regency
Jl. Boulevard Ruko Jatiland Kel. Gamalama, Kec. Kota Ternate
355 BDI TERNATE PAHLAWAN REVOLUSI North Maluku Ternate City
Tengah, Kota Ternate, Maluku Utara, 97721
Jl.A. Yani No.104, Luwuk Banggai, Kab. Banggai, Sulawesi Central
356 BDI LUWUK BANGGAI Banggai Regency
Tengah, 94711 Sulawesi
Biak Numfor
357 BDI BIAK IMAM BONJOL Jl.Imam Bonjol No.34, Kab. Biak Numfor, Papua, 98112 Papua
Regency
358 BDI GORONTALO A YANI Jl.A.Yani No.58, Kota Gorontalo, Gorontalo, 96112 Gorontalo Gorontalo City
540 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 543
HIGHLIGHTS
FINANCIAL
No BRANCHES ADDRESS REGION AREA
Jl. Sam Ratulangi No 183 - 185, Mandonga, Kota Kendari, Southeast
359 BDI KENDARI SAM RATULANGI Kendari City
Sulawesi Tenggara, 93123 Sulawesi
Southeast
360 BDI BAU BAU YOS SUDARSO Jl. Yos Sudarso No. 17, Kota Bau-Bau, Sulawesi Tenggara, 93711 Bau-Bau City
MANAGEMENT REPORT
Sulawesi
BDI KOTAMOBAGU LETJEN Jl. Letjen Suprapto RT/RW 001/001, Kel. Gogagoman, Kec.
361 North Sulawesi Kotamobagu City
SUPRAPTO Kotamobagu Barat, Kotamobagu, Sulawesi Utara
Jl. Sam Ratulangi Kel Caile Kec. Ujung Bulu Kab, Bulukumba, Bulukumba
362 BDI BULUKUMBA SAM RATULANGI South Sulawesi
Sulawesi Selatan, 92511 Regency
363 BDI AMBON DIPONEGORO Jl.Diponegoro No.34, Kota Ambon, Maluku, 97127 Maluku Ambon City
364 BDI BONE AGUS SALIM Jl.Agus Salim No.1, Kab. Bone, Sulawesi Selatan, 92732 South Sulawesi Bone Regency
Ruko Terminal Blok E No.1-2 Jl. Rambutan, Kota Palopo,
365 BDI PALOPO RAMBUTAN South Sulawesi Palopo City
Sulawesi Selatan, 91921
366 BDI WAJO SENGKANG Jl.Ra.Kartini No.124 - 126, Kab. Wajo, Sulawesi Selatan, 90115 South Sulawesi Wajo Regency
Jl. Yos Sudarso No. 76, Kel. Bitung Tengah, Kota Bitung,
367 BDI BITUNG YOS SUDARSO North Sulawesi Bitung City
COMPANY PROFILE
Sulawesi Utara, 95522
368 BDI PINRANG A MAKASAU Jl.Andi Makasau No.34, Kab. Pinrang, Sulawesi Selatan, 91211 South Sulawesi Pinrang Regency
Jl. St. Hasanudin No.50, Kota Pare-Pare, Sulawesi Selatan,
369 BDI PARE PARE HASANUDIN South Sulawesi Pare-Pare City
91114
Sidenreng
Jl. Jend Sudirman No. 48, Kab. Sidenreng Rappang, Sulawesi
370 BDI SIDRAP SUDIRMAN South Sulawesi Rappang
Selatan, 91611
Regency
371 BDI SENTANI KEMIRI Jl. Raya Kemiri No.541, Sentani, Kota Jayapura, Papua, 99112 Papua Jayapura City
Jl. Diponegoro No.33, Rantepao, Kab. Tana Toraja, Sulawesi Tana Toraja
372 BDI RANTEPAO A YANI South Sulawesi
Selatan, 91831 Regency
DISCUSSION & ANALYSIS
Jl. Raya Tomohon No.40A, Tomohon, Minahasa - Sulawesi
373 BDI MINAHASA TOMOHON North Sulawesi Tomohon City
Utara, 95449
Jl.Merdeka No.30, Makale, Kab. Tana Toraja, Sulawesi Selatan, Tana Toraja
MANAGEMENT
374 BDI MAKALE MERDEKA South Sulawesi
91811 Regency
375 BDI JAYAPURA A YANI Jl.A.Yani No.9, Kota Jayapura, Papua, 99111 Papua Jayapura City
Ruko Abepura, Jl. Raya Abepura, Kotaraja, Kota Jayapura,
376 BDI ABEPURA RAYA ABE Papua Jayapura City
Papua, 99351
Jalan Kh Wahid Hasyim No 181A Rt/Rw 002/03, Sungguminasa,
377 BDI SUNGGUMINASA W HASYIM South Sulawesi Gowa Regency
Somba Opu, Kab Gowa, Sulawesi Selatan, 92111
Jl.Boulevard Ruko Jasper Ii/24-25, Kota Makassar, Sulawesi
378 BDI MAKASSAR PANAKUKANG South Sulawesi Makassar City
Selatan, 90222
OPERATIONAL REVIEW
BDI MANADO RANOTANA Jl.S.Ratulangi No.399, Ranotana, Kota Manado, Sulawesi Utara,
379 North Sulawesi Manado City
KAROMBASAN IC 95116
Jl Yos Sudarso No. 302, Kelurahan Tabaringan, Kecamatan
380 BDI MAKASSAR YOS SUDARSO South Sulawesi Makassar City
Ujung Tanah, Kota Makassar, Sulawesi Selatan, 90213
381 BDI MANADO SUTOMO Jl.Dr.Sutomo No.62, Kota Manado, Sulawesi Utara, 95122 North Sulawesi Manado City
382 BDI MANADO TOAR Jl. Toar No. 17, Kota Manado, Sulawesi Utara, 95111 North Sulawesi Manado City
383 BDI MAKASSAR LATIMOJONG Jl.G.Latimojong No.22, Kota Makassar, Sulawesi Selatan, 90157 South Sulawesi Makassar City
Jl. Veteran Selatan No. 455C - 455 D, Kota Makassar, Sulawesi
384 BDI MAKASSAR VETERAN SELATAN South Sulawesi Makassar City
Selatan, 90135
Komp. Pasar Butung Ruko Blok S No. 10-11. Jl. Sulawesi ,Kota
385 BDI MAKASSAR SULAWESI South Sulawesi Makassar City
Makassar, Sulawesi Selatan, 90152
GOVERNANCE
386 BDI MAKASSAR CENDRAWASIH Jl.Cendrawasih No.240, Kota Makassar, Sulawesi Selatan, 90122 South Sulawesi Makassar City
CORPORATE
387 BDI MAKASSAR A YANI Jl.A.Yani No.11- 13, Kota Makassar, Sulawesi Selatan, 90174 South Sulawesi Makassar City
388 BDI MAKASSAR SLAMET RIYADI Jl. Slamet Riyadi No. 1, Kota Makassar, Sulawesi Selatan, 90111 South Sulawesi Makassar City
389 KCS BANDUNG-MERDEKA Jl. Merdeka No. 40 Bandung Jawa Barat 40117 West Java Bandung City
Jl. Kapten Tendean RT.003/02, Kel. Nusukan, Kec. Banjarsari, Surakarta/Solo
390 KCS SOLO-SLAMET RIYADI Central Java
Kota Solo City
391 KCS DENPASAR-GUNUNG AGUNG JL. GUNUNG AGUNG NO. 1 A, DENPASAR Bali Denpasar City
Jl.P.Diponegoro No.35, Kelurahan Madras Hulu, Kecamatan
392 KCS MEDAN-DIPONEGORO North Sumatra Medan City
Medan Polonia, Kabupaten Medan, Sumatera Utara 20152
CORPORATE DATA
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 541
Page 544
CORPORATE DATA
No BRANCHES ADDRESS REGION AREA
393 KCS PALEMBANG SUDIRMAN Jl. Jend. Sudirman No. 440, Palembang South Sumatra Palembang City
South
394 KCS MARTAPURA Jl A Yani Km 40 No 6 Martapura Kalimantan Selatan Banjarbaru City
Kalimantan
395 KCS MAKASSAR- A.YANI Jl. A. Yani No. 11 - 13, Makassar South Sulawesi Makassar City
Komplek Green Ville Blok Ay No. 20, Jakarta Barat, DKI Jakarta,
396 MOBIL KAS KELILING KONVEN Jakarta West Jakarta
11510
Komplek Green Ville Blok Ay No. 20, Jakarta Barat, DKI Jakarta,
397 MOBIL KAS KELILING SYARIAH Jakarta West Jakarta
11510
542 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 545
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
543
CORPORATE MANAGEMENT FINANCIAL
CORPORATE DATA OPERATIONAL REVIEW COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE DISCUSSION & ANALYSIS
Page 546
CORPORATE DATA
PURSUANT TO CIRCULAR LETTER OF
FINANCIAL SERVICES AUTHORITY
THE REPUBLIC OF INDONESIA NO.
16/SEOJK.04/2021 REGARDING THE
FORMAT AND CONTENTS OF THE
ANNUAL REPORT OF ISSUERS OR PUBLIC
COMPANIES.
The Sustainability Report is an integral part of the
Annual Report, however can be presented separately
from the Annual Report.
Referring to the above, Danamon publishes a separate
Sustainability Report of Fiscal Year 2023.
544 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 547
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
545
FINANCIAL
ANNUAL REPORT 2023
PT BANK DANAMON INDONESIA TBK
STATEMENTS
CORPORATE MANAGEMENT FINANCIAL
CORPORATE DATA OPERATIONAL REVIEW COMPANY PROFILE MANAGEMENT REPORT HIGHLIGHTS
GOVERNANCE DISCUSSION & ANALYSIS
Page 548
Page 549
Page 550
Page 551
Page 552
Page 553
Page 554
Page 555
Page 556
Page 557
Page 558
Page 559
Page 560
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
ASET ASSETS
Kas 2b,2f,4 2.362.221 2.759.777 Cash
2b,2f, Current accounts with Bank
Giro pada Bank Indonesia 2h,5 5.034.595 6.917.873 Indonesia
Giro pada Bank lain,
setelah dikurangi kerugian kredit Current accounts with other Banks,
ekspektasian sebesar Rp155 net of expected credit losses of
pada tanggal 31 Desember 2023 2b,2f,2h, Rp155 as of 31 December 2023
(2022: Rp233) 2o,6 (2022: Rp233)
- Pihak berelasi 2ah,47 178.891 210.018 Related parties -
- Pihak ketiga 1.955.240 2.040.635 Third parties -
Penempatan pada Bank lain dan Bank Placements with other Banks and
Indonesia, setelah dikurangi kerugian Bank Indonesia,
kredit ekspektasian sebesar RpNihil net of expected credit losses of RpNil
pada tanggal 31 Desember 2023 2b,2f,2i, as of 31 December 2023
(2022: RpNihil) 2o,7 9.031.700 7.732.801 (2022: RpNil)
Efek-efek,
setelah dikurangi kerugian kredit Marketable securities,
ekspektasian sebesar Rp354.649 net of expected credit losses of
pada tanggal 31 Desember 2023 2f,2j, Rp354,649 as of 31 December 2023
(2022: Rp36.846) 2o,8 (2022: Rp36,846)
- Pihak berelasi 2ah,47 130.620 99.927 Related parties -
- Pihak ketiga 3.130.050 2.827.200 Third parties -
Obligasi Pemerintah 2f,2j,15 16.318.408 18.785.510 Government Bonds
Efek yang dibeli dengan janji Securities purchased under
dijual kembali 2f,2k,9 2.384.446 5.864.755 resale agreements
Tagihan derivatif 2f,2l,10 Derivative receivables
- Pihak berelasi 2ah,47 7.937 6.862 Related parties -
- Pihak ketiga 264.029 422.920 Third parties -
Pinjaman yang diberikan,
setelah dikurangi kerugian kredit
ekspektasian sebesar Loans,
Rp7.337.274 pada tanggal net of expected credit losses of
31 Desember 2023 2f,2m,2o, Rp7,337,274 as of 31 December
(2022: Rp6.657.002) 11 2023 (2022: Rp6,657,002)
- Pihak berelasi 2ah,47 798.141 456.088 Related parties -
- Pihak ketiga 135.515.466 114.143.055 Third parties -
Piutang pembiayaan konsumen,
setelah dikurangi kerugian kredit Consumer financing receivables,
ekspektasian sebesar Rp1.562.698 net of expected credit losses of
pada tanggal 31 Desember 2023 2f,2o,2q, Rp1,562,698 as of 31 December
(2022: Rp1.440.318) 12 26.200.692 21.238.078 2023 (2022: Rp1,440,318)
Piutang sewa pembiayaan,
setelah dikurangi kerugian kredit Finance lease receivables,
ekspektasian sebesar Rp60.770 net of expected credit losses of
pada tanggal 31 Desember 2023 2f,2o,2r, Rp60,770 as of 31 December 2023
(2022: Rp47.448) 13 1.444.300 918.005 (2022: Rp47,448)
Dipindahkan 204.756.736 184.423.504 Carried Forward
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as a whole.
LAMPIRAN – 1/1 – SCHEDULE
558 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 561
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
Pindahan 204.756.736 184.423.504 Carried Forward
Tagihan akseptasi
setelah dikurangi kerugian kredit Acceptance receivables
ekspektasian sebesar Rp2.859 pada net of expected credit losses of
tanggal 31 Desember 2023 Rp2,859 as of 31 December 2023
(2022: Rp4.113) 2f,2o,2v,14 (2022: Rp4,113)
- Pihak berelasi 2ah,47 175.573 10.802 Related parties -
- Pihak ketiga 1.362.190 1.221.471 Third parties -
Pajak dibayar dimuka 2ac,27a 1.560.450 896.636 Prepaid taxes
Investasi dalam saham 2f,2n,16 Investments in shares
- Pihak berelasi 2ah,47 386.360 - Related parties -
- Pihak ketiga 81.053 82.078 Third parties -
Investasi pada entitas asosiasi 20 957.158 959.239 Investment in associate
Aset takberwujud, Intangible assets,
setelah dikurangi akumulasi net of accumulated amortization
amortisasi sebesar Rp3.206.535 of Rp3,206,535 as of
pada tanggal 31 Desember 2023 31 December 2023
(2022: Rp2.959.421) 2p,2s,17 1.814.485 1.731.999 (2022: Rp2,959,421)
Aset tetap dan Aset hak guna,
setelah dikurangi akumulasi Fixed assets and Right-of-use assets,
penyusutan sebesar Rp3.541.931 net of accumulated depreciation
pada tanggal 31 Desember 2023 of Rp3,541,931 as of 31 December
(2022: Rp3.387.470) 2p,2t,18 2.160.579 1.925.525 2023 (2022: Rp3,387,470)
Aset pajak tangguhan - neto 2ac,27d 2.444.043 2.869.973 Deferred tax assets - net
Beban dibayar dimuka dan
aset lain-lain, setelah
dikurangi kerugian kredit Prepayments and other assets,
ekspektasian sebesar Rp311.917 net of expected credit losses of
pada tanggal 31 Desember 2023 2c,2f,2o,2p, Rp311,917 as of 31 December 2023
(2022: Rp349.157) 2u,19 (2022: Rp349,157)
- Pihak berelasi 2ah,47 97.356 148.648 Related parties -
- Pihak ketiga 5.508.549 3.459.813 Third parties -
JUMLAH ASET 221.304.532 197.729.688 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as a whole.
LAMPIRAN – 1/2 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 559
Page 562
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Simpanan nasabah 2f,2w,21 Deposits from customers
- Pihak berelasi 2ah,47 752.772 838.136 Related parties -
- Pihak ketiga 137.659.040 124.122.096 Third parties -
Simpanan dari Bank lain 2f,2w,22 Deposits from other Banks
- Pihak berelasi 2ah,47 869.675 92.154 Related parties -
- Pihak ketiga 2.162.015 2.303.076 Third parties -
Utang akseptasi 2f,2v,23 Acceptance payables
- Pihak berelasi 2ah,47 61.875 34.315 Related parties -
- Pihak ketiga 1.478.747 1.202.071 Third parties -
Utang obligasi 2f,2aa,24 Bonds payable
- Pihak berelasi 2ah,47 110.000 10.000 Related parties -
- Pihak ketiga 5.725.456 4.930.107 Third parties -
Sukuk mudharabah 2f,2ab,25 859.000 441.000 Mudharabah bonds
Pinjaman yang diterima 2f,26 Borrowings
- Pihak berelasi 2ah,47 1.389.348 1.265.417 Related parties -
- Pihak ketiga 6.931.541 3.162.250 Third parties -
Utang pajak 2ac,27b 298.946 451.797 Taxes payable
Liabilitas derivatif 2f,2l,10 Derivative liabilities
- Pihak berelasi 2ah,47 4.321 2.566 Related parties -
- Pihak ketiga 321.635 246.235 Third parties -
Pinjaman subordinasi 2f,2ah,2ai,28,47 25.000 25.000 Subordinated loan
Beban yang masih harus 2c,2f
dibayar dan liabilitas lain-lain 2ad,29 Accruals and other liabilities
- Pihak berelasi 2ah,47 1.402.334 1.461.684 Related parties -
- Pihak ketiga 11.293.459 9.663.302 Third parties -
JUMLAH LIABILITAS 171.345.164 150.251.206 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as a whole.
LAMPIRAN – 1/3 – SCHEDULE
560 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 563
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to equity
kepada pemilik entitas induk holders of the parent entity
Modal saham - nilai nominal sebesar Share capital - par value per share
Rp50.000 (nilai penuh) per saham of Rp50,000 (full amount) for
untuk seri A dan Rp500 (nilai penuh) A series shares and Rp500 (full
per saham untuk seri B amount) for B series shares
Modal dasar - 22.400.000 saham Authorized - 22,400,000 A series
seri A dan 17.760.000.000 shares and 17,760,000,000
saham seri B B series shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh - 22.400.000 saham seri A 22,400,000 A series shares and
dan 9.751.152.870 saham seri B 30 5.995.577 5.995.577 9,751,152,870 B series shares
Tambahan modal disetor 2af,31 7.985.971 7.985.971 Additional paid-up capital
Modal disetor lainnya 189 189 Other paid-up capital
Komponen ekuitas lainnya 2d,2j,2l 18.439 (119.923) Other equity components
Saldo laba Retained earnings
- Sudah ditentukan penggunaannya 33 528.848 495.825 Appropriated -
- Belum ditentukan penggunaannya 2ad 34.707.593 32.486.064 Unappropriated -
Jumlah saldo laba 35.236.441 32.981.889 Total retained earnings
49.236.617 46.843.703
Kepentingan non-pengendali 2d,48 722.751 634.779 Non-controlling interests
JUMLAH EKUITAS 49.959.368 47.478.482 TOTAL EQUITY
JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 221.304.532 197.729.688 EQUITY
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as a whole.
LAMPIRAN – 1/4 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 561
Page 564
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL EXPENSES
Pendapatan bunga 2x,2ah,34,47 20.210.346 17.393.331 Interest income
Beban bunga 2x,2ah,35,47 (4.994.342) (3.273.140) Interest expense
Pendapatan bunga neto 15.216.004 14.120.191 Net interest income
PENDAPATAN OPERASIONAL
LAINNYA OTHER OPERATING INCOME
Pendapatan provisi dan komisi 2y 1.419.283 1.284.926 Fees and commission income
Imbalan jasa lain 2y, 37,47 2.306.199 2.032.707 Other fees
(Kerugian)/keuntungan dari
perubahan nilai wajar atas
instrumen keuangan yang diukur (Losses)/gains from changes
pada nilai wajar melalui laba rugi 2j,2l,2z,8, in fair value of financial instruments
- neto 10,15a,38 (213.809) 95.204 at fair value through profit or loss - net
Keuntungan/(kerugian) yang telah
direalisasi atas instrumen Realized gains/(losses) from
derivatif - neto 225.495 (169.887) derivative instruments - net
Keuntungan atas transaksi dalam Gains from foreign exchange
mata uang asing - neto 220.908 310.217 transactions - net
Pendapatan dividen 7.720 3.475 Dividend income
Bagian laba bersih entitas asosiasi 16.015 43.196 Share in net income of associate
Gains on sale of marketable
Keuntungan penjualan efek-efek securities and Government
dan Obligasi Pemerintah - neto 2j,8a,15a 278.368 330.408 Bonds - net
4.260.179 3.930.246
BEBAN OPERASIONAL
LAINNYA OTHER OPERATING EXPENSES
Beban provisi dan komisi lain 2y (457.443) (308.787) Other fees and commissions expenses
Beban umum dan administrasi 2c,2s,2t,39 (4.360.880) (4.130.897) General and administrative expenses
2ad,2ah,
Beban tenaga kerja dan tunjangan 40,47 (6.140.831) (5.665.252) Salaries and employee benefits
Kerugian penurunan nilai pada 2o,6,7,8,11,
aset keuangan neto 12,13,14,19 (3.666.916) (3.245.561) Net Impairment losses on financial assets
Lain-lain (68.607) (108.572) Others
(14.694.677) (13.459.069)
PENDAPATAN OPERASIONAL
NETO 4.781.506 4.591.368 NET OPERATING INCOME
PENDAPATAN DAN BEBAN NON-OPERATING
BUKAN OPERASIONAL INCOME AND EXPENSES
Pendapatan bukan operasional 41 116.473 63.942 Non-operating income
Beban bukan operasional 42 (204.252) (250.676) Non-operating expenses
BEBAN BUKAN NET NON-OPERATING
OPERASIONAL NETO (87.779) (186.734) EXPENSES
LABA SEBELUM PAJAK
PENGHASILAN 4.693.727 4.404.634 INCOME BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN 2ac,27c (1.035.682) (975.000) INCOME TAX EXPENSE
LABA BERSIH 3.658.045 3.429.634 NET INCOME
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements taken as a whole.
LAMPIRAN – 2/1 – SCHEDULE
562 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 565
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos-pos yang tidak akan Items that will not be reclassified to
direklasifikasi ke laba rugi profit or loss
Pengukuran kembali atas liabilitas Remeasurement of post employment
imbalan pasca kerja 43 (126.332) 1.312 benefit obligation
Pajak penghasilan terkait dengan Income tax related to other
penghasilan komprehensif lain 27d 27.793 (289) comprehensive income
Pengukuran kembali atas liabilitas Remeasurement of post
imbalan pasca kerja dari entitas employment benefit obligation from
asosiasi (37) (1.008) associate
Pos-pos yang akan Items that will be reclassified to
direklasifikasi ke laba rugi profit or loss
Aset keuangan diukur pada nilai wajar
melalui penghasilan
komprehensif lain: Financial assets measured at fair value
Perubahan nilai wajar pada tahun 2j, through other comprehensive income:
berjalan 8e,15d,16 187.688 (564.048) Changes in fair value in current year
Kerugian penurunan nilai (135) (1.367) Impairment losses
Jumlah yang ditransfer ke laba rugi Amount transferred to
sehubungan dengan perubahan nilai profit or loss in respect of
wajar 8e,15d (15.987) (200.844) fair value changes
Perubahan nilai wajar pada Changes in fair value of
lindung nilai arus kas 2l,10 3.372 74.177 cashflow hedge
Pajak penghasilan terkait dengan Income tax related to
penghasilan komprehensif lain 27d (38.517) 151.957 other comprehensive income
Aset keuangan diukur pada nilai wajar Financial assets measured at fair value
melalui penghasilan komprehensif through other comprehensive
lain dari entitas asosiasi - neto 2.421 (9.717) income from associate - net
Penghasilan/(pengeluaran) Other comprehensive income/(losses),
komprehensif lain, setelah pajak 40.266 (549.827) net of tax
JUMLAH LABA KOMPREHENSIF 3.698.311 2.879.807 TOTAL COMPREHENSIVE INCOME
Laba bersih yang dapat
diatribusikan kepada: Net income attributable to:
Pemilik entitas induk 45 3.503.882 3.302.314 Equity holders of the parent entity
Kepentingan non-pengendali 48 154.163 127.320 Non-controlling interests
3.658.045 3.429.634
Jumlah laba komprehensif yang dapat Total comprehensive income
diatribusikan kepada: attributable to:
Pemilik entitas induk 3.548.734 2.745.552 Equity holders of the parent entity
Kepentingan non-pengendali 48 149.577 134.255 Non-controlling interests
3.698.311 2.879.807
LABA BERSIH PER SAHAM DASAR BASIC EARNINGS PER SHARE
YANG DAPAT DIATRIBUSIKAN ATTRIBUTABLE TO EQUITY
KEPADA PEMILIK ENTITAS HOLDERS OF THE PARENT
INDUK (NILAI PENUH) 2ae,45 358,51 337,88 ENTITY (FULL AMOUNT)
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as a whole.
LAMPIRAN – 2/2 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 563
Page 566
The original consolidated financial statements included herein are in the
Indonesian language.
564
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Atribusi kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Komponen ekuitas lainnya/
Other equity components
Perubahan nilai wajar atas
Efek-efek,
Obligasi Pemerintah, dan
Investasi dalam saham yang
diukur pada nilai wajar
melalui penghasilan
komprehensif lain- Saldo laba/
neto/Changes in fair value Perubahan Retained earnings Jumlah
Perubahan on Marketable securities, nilai wajar atas sebelum
Tambahan ekuitas Government lindung nilai Belum kepentingan Kepentingan
modal Modal entitas Bonds, and arus kas-neto/ ditentukan non- non-
Modal disetor/ disetor asosiasi/ Investments in shares Changes in fair Sudah penggunaan- pengendali/ pengendali/
saham/ Additional lainnya/ Changes of measured at fair value value of ditentukan nya/ Total before Non- Jumlah
Catatan/ Share paid-up Other paid- associate through other cashflow penggunaannya/ Unappro- non-controlling controlling ekuitas/
Notes capital capital up capital equity comprehensive income-net hedge-net Appropriated priated*) interest interest Total equity
Saldo pada tanggal 1 Januari 2023 5.995.577 7.985.971 189 8.242 (125.321) (2.844) 495.825 32.486.064 46.843.703 634.779 47.478.482 Balance as of 1 January 2023
Laba bersih tahun berjalan 48 - - - - - - - 3.503.882 3.503.882 154.163 3.658.045 Net income for the year
Penghasilan komprehensif lain, Other comprehensive
setelah pajak income, net of tax
Perubahan nilai wajar atas Changes in fair value of
lindung nilai arus kas-neto 2I,48 - - - - - 2.155 - - 2.155 480 2.635 cashflow hedge-net
Pengukuran kembali liabilitas imbalan Remeasurement of obligation
pasca kerja 48 - - - - - - - (93.510) (93.510) (5.066) (98.576) for post-employment benefits
Perubahan nilai wajar atas Changes in fair value on Marketable
Efek-efek, Obligasi securities, Government Bonds, and
Pemerintah, dan Investasi Investments in shares measured at
dalam saham yang diukur pada nilai wajar fair value through other
melalui penghasilan komprehensif lain - neto 2j - - - - 136.207 - - - 136.207 - 136.207 comprehensive income -net
Jumlah penghasilan komprehensif lain - - - - 136.207 2.155 - (93.510) 44.852 (4.586) 40.266 Total other comprehensive income
Jumlah laba komprehensif Total comprehensive income
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
tahun berjalan - - - - 136.207 2.155 - 3.410.372 3.548.734 149.577 3.698.311 for the year
Likuidasi Entitas Anak 48 - - - - - - - - - 2.073 2.073 Liquidation of Subsidiary
Pembentukan cadangan umum Appropriation for general
dan wajib 32 - - - - - - 33.023 (33.023) - - - and legal reserve
Pembagian dividen tunai 2ag,32,48 - - - - - - - (1.155.820) (1.155.820) (63.678) (1.219.498) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2023 5.995.577 7.985.971 189 8.242 10.886 (689) 528.848 34.707.593 49.236.617 722.751 49.959.368 Balance as of 31 December 2023
*) Saldo laba yang tidak ditentukan penggunaannya termasuk pengukuran kembali atas program imbalan pasti *) Unappropriated retained earnings include remeasurement on defined benefit plans
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial
konsolidasian secara keseluruhan. statements taken as a whole.
LAMPIRAN – 3/1 – SCHEDULE
Page 567
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Atribusi kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Komponen ekuitas lainnya/
Other equity components
Perubahan nilai wajar atas
Efek-efek,
Obligasi Pemerintah, dan
Investasi dalam saham
yang diukur pada nilai wajar
melalui penghasilan
komprehensif lain- Saldo laba/
neto/Changes in fair value Perubahan Retained earnings Jumlah
Perubahan on Marketable securities, nilai wajar atas sebelum
Tambahan ekuitas Government lindung nilai Belum kepentingan Kepentingan
modal Modal entitas Bonds, and arus kas-neto/ ditentukan non- non-
Modal disetor/ disetor asosiasi/ Investments in shares Changes in fair Sudah penggunaan- pengendali/ pengendali/
saham/ Additional lainnya/ Changes of measured at fair value value of ditentukan nya/ Total before Non- Jumlah
Catatan/ Share paid-up Other paid- associate through other cashflow penggunaannya/ Unappro- non-controlling controlling ekuitas/
Notes capital capital up capital equity comprehensive income-net hedge-net Appropriated priated*) interest interest Total equity
Saldo pada tanggal 1 Januari 2022**) 5.995.577 7.985.971 189 8.242 482.379 (56.114) 480.094 29.752.357 44.648.695 548.659 45.197.354 Balance as of 1 January 2022**)
Laba bersih tahun berjalan 48 - - - - - - - 3.302.314 3.302.314 127.320 3.429.634 Net income for the year
Penghasilan komprehensif lain, Other comprehensive
setelah pajak income, net of tax
Perubahan nilai wajar atas Changes in fair value of
lindung nilai arus kas-neto 2l,48 - - - - - 53.270 - - 53.270 4.588 57.858 cashflow hedge-net
Pengukuran kembali liabilitas imbalan Remeasurement of obligation
pasca kerja 48 - - - - - - - (2.332) (2.332) 2.347 15 for post-employment benefits
Perubahan nilai wajar atas Changes in fair value on Marketable
Efek-efek, Obligasi securities, Government Bonds, and
Pemerintah, dan Investasi Investments in shares measured at
dalam saham yang diukur pada nilai wajar fair value through other
melalui penghasilan komprehensif lain - neto 2j - - - - (607.700) - - - (607.700) - (607.700) comprehensive income -net
Jumlah penghasilan komprehensif lain - - - - (607.700) 53.270 - (2.332) (556.762) 6.935 (549.827) Total other comprehensive income
Jumlah laba komprehensif Total comprehensive income
tahun berjalan - - - - (607.700) 53.270 - 3.299.982 2.745.552 134.255 2.879.807 for the year
Pembentukan cadangan umum Appropriation for general
dan wajib 32 - - - - - - 15.731 (15.731) - - - and legal reserve
Pembagian dividen tunai 2ag,32,48 - - - - - - - (550.544) (550.544) (48.135) (598.679) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2022 5.995.577 7.985.971 189 8.242 (125.321) (2.844) 495.825 32.486.064 46.843.703 634.779 47.478.482 Balance as of 31 December 2022
*) Saldo laba yang tidak ditentukan penggunaannya termasuk pengukuran kembali atas program imbalan pasti *) Unappropriated retained earnings include remeasurement on defined benefit plans
**) Disajikan kembali **) As restated
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial
konsolidasian secara keseluruhan. statements taken as a whole.
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
565
LAMPIRAN – 3/2 – SCHEDULE
Page 568
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY CONSOLIDATED
LAPORAN ARUS KAS KONSOLIDASIAN STATEMENTS OF CASH FLOWS
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
Arus kas dari kegiatan operasi: Cash flows from operating activities:
Pendapatan bunga, provisi, dan komisi 10.142.216 8.956.868 Interest income, fees, and commissions
Penerimaan dari transaksi pembiayaan konsumen 40.813.016 36.816.559 Receipts from consumer financing transactions
Pengeluaran untuk transaksi pembiayaan Payments for new consumer financing
konsumen baru (47.114.553) (32.764.578) transactions
Pembayaran bunga, provisi, dan komisi (4.912.317) (3.128.421) Payments of interest, fees, and commissions
Pembayaran bunga dari efek yang diterbitkan (366.783) (482.401) Payments of interests on securities issued
Penerimaan dalam rangka pembiayaan bersama 20.392.659 15.169.087 Proceeds in relation to joint financing
Pengeluaran dalam rangka pembiayaan bersama (13.380.622) (11.988.671) Repayment in relation to joint financing
Pendapatan operasional lainnya 1.908.583 1.569.937 Other operating income
Keuntungan atas transaksi Gains from foreign exchange
mata uang asing - neto 198.100 678.373 transactions - net
Beban operasional lainnya (9.886.596) (8.352.083) Other operating expenses
Beban bukan operasional - neto (83.612) (200.109) Non-operating expense - net
Arus kas sebelum perubahan dalam aset dan Cash flows before changes in operating
liabilitas operasi (2.289.909) 6.274.561 assets and liabilities
Perubahan dalam aset dan liabilitas operasi: Changes in operating assets and liabilities:
Penurunan/(kenaikan) aset operasi: Decrease/(increase) in operating assets:
Penempatan pada Bank lain dan Bank Indonesia - Placements with other Banks and Bank
jatuh tempo lebih dari 3 bulan sejak tanggal Indonesia - maturing more than 3 months
perolehan - 456.693 from the date of acquisition
Efek-efek dan Obligasi Pemerintah - Marketable securities and Government
diperdagangkan (673.398) 1.808.280 Bonds - trading
Efek yang dibeli dengan janji dijual kembali 3.480.309 (2.556.447) Securities purchased under resale agreements
Pinjaman yang diberikan (19.981.711) (15.390.473) Loans
Beban dibayar dimuka dan aset lain-lain (2.060.665) (524.122) Prepayments and other assets
Kenaikan/(penurunan) liabilitas operasi: Increase/(decrease) in operating liabilities:
Simpanan nasabah: Deposits from customers:
- Giro 2.238.400 5.173.106 Current accounts -
- Tabungan (9.568.873) 1.897.458 Savings -
- Deposito berjangka 20.981.088 (4.956.606) Time deposits -
Simpanan dari Bank lain 668.409 106.435 Deposits from other Banks
Beban yang masih harus dibayar dan liabilitas
lain-lain 1.610.113 192.363 Accruals and other liabilities
Pembayaran pajak penghasilan selama tahun
berjalan (781.759) (691.986) Income tax paid during the year
Kas neto digunakan untuk kegiatan operasi (6.377.996) (8.210.738) Net cash used by operating activities
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements taken as a whole.
LAMPIRAN – 4/1 – SCHEDULE
566 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 569
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY CONSOLIDATED
LAPORAN ARUS KAS KONSOLIDASIAN STATEMENTS OF CASH FLOWS
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022
Arus kas dari kegiatan investasi: Cash flows from investing activities:
Penerimaan dari efek-efek dan Obligasi
Pemerintah yang dijual dan telah jatuh Proceeds from sales of and matured
tempo - biaya perolehan diamortisasi dan marketable securities and Government
nilai wajar melalui penghasilan Bonds - amortized cost and fair value
komprehensif lain 7.569.475 20.396.313 through other comprehensive income
Acquisition of marketable securities and
Pembelian efek-efek dan Obligasi Pemerintah - Government Bonds - amortized cost and
biaya perolehan diamortisasi dan nilai wajar fair value through other comprehensive
melalui penghasilan komprehensif lain (5.107.824) (8.512.002) income
Acquisition of fixed assets and intangible
Perolehan aset tetap dan aset takberwujud 17,18,57 (696.186) (389.007) assets
Hasil penjualan aset tetap 18 4.491 36.213 Proceeds from sale of fixed assets
Penerimaan hasil investasi 21.145 19.218 Receipt from investment
Pembelian investasi dalam saham 16 (386.360) - Acquisition of investment in shares
Penerimaan dividen kas 7.720 3.475 Receipt of cash dividends
Penerimaan dari hasil likuidasi Entitas Anak 2.073 - Proceed from liquidation of Subsidiary
Net cash provided from investing
Kas neto diperoleh dari kegiatan investasi 1.414.534 11.554.210 activities
Arus kas dari kegiatan pendanaan: Cash flows from financing activities:
Pembayaran pokok obligasi dan sukuk Payments of principal on bonds issued and
mudharabah (2.240.800) (3.388.750) mudharabah bonds
Penerimaan dari penerbitan obligasi dan sukuk Proceeds from bonds issuance mudharabah
mudharabah 3.548.413 2.011.712 bonds
Pembayaran dividen tunai (1.219.591) (598.608) Payments of cash dividends
Pembayaran pinjaman (17.271.576) (9.190.362) Repayments of borrowings
Penerimaan pinjaman 21.193.215 9.234.167 Proceeds from borrowings
Penurunan pokok liabilitas sewa (132.026) (110.131) Decrease in principal of lease liabilities
Kas neto diperoleh dari/(digunakan untuk) Net cash provided from/(used by)
kegiatan pendanaan 3.877.635 (2.041.972) financing activities
(Penurunan)/kenaikan kas dan setara kas - (Decrease)/increase in cash and cash
neto (1.085.827) 1.301.500 equivalent
Dampak neto perubahan nilai tukar atas kas dan Net effect on changes in exchange rates on
setara kas (12.708) 99.231 cash and cash equivalents
Cash and cash equivalents at
Kas dan setara kas pada awal tahun 19.661.337 18.260.606 beginning of the year
Cash and cash equivalents at
Kas dan setara kas pada akhir tahun 18.562.802 19.661.337 end of the year
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 4 2.362.221 2.759.777 Cash
Giro pada Bank Indonesia 5 5.034.595 6.917.873 Current accounts with Bank Indonesia
Giro pada Bank lain 6 2.134.286 2.250.886 Current accounts with other Banks
Penempatan pada Bank lain dan Bank Placements with other Banks and Bank
Indonesia - jatuh tempo sampai dengan Indonesia - maturing within 3 months
3 bulan sejak tanggal perolehan 9.031.700 7.732.801 from the date of acquisition
Jumlah kas dan setara kas 18.562.802 19.661.337 Total cash and cash equivalents
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements taken as a whole.
LAMPIRAN – 4/2 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 567
Page 570
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian dan informasi umum Bank a. Establishment and general information of the Bank
PT Bank Danamon Indonesia Tbk (“Bank”), PT Bank Danamon Indonesia Tbk (the “Bank”),
berkedudukan di Jakarta Selatan, didirikan pada domiciled in South Jakarta, was established on
tanggal 16 Juli 1956 berdasarkan akta notaris 16 July 1956 based on the notarial deed No.134 of
Meester Raden Soedja, S.H. No.134. Akta pendirian Meester Raden Soedja, S.H. The deed of
ini disahkan oleh Menteri Kehakiman Republik establishment was ratified by the Minister of Justice
Indonesia dengan Surat Keputusan No.J.A.5/40/8 of the Republic of Indonesia in its decision letter
tanggal 24 April 1957 dan telah diumumkan dalam No.J.A.5/40/8 dated 24 April 1957 and was
Tambahan Berita Negara RI No.664, pada Berita published in Supplement to State Gazette RI
Negara Republik Indonesia No.46 tanggal 7 Juni No.664 to the State Gazette of the Republic of
1957. Indonesia No.46 dated 7 June 1957.
Bank memperoleh izin usaha sebagai Bank umum, The Bank obtained a license as a commercial
Bank devisa, dan Bank yang melakukan kegiatan bank, a foreign exchange Bank, and a Bank
berdasarkan prinsip Syariah masing-masing engaged in activities based on Sharia principles
berdasarkan surat keputusan Menteri Keuangan based on the decision letter No.161259/U.M.II of
No.161259/U.M.II tanggal 30 September 1958, surat the Minister of Finance dated 30 September 1958,
keputusan Direksi Bank Indonesia (“BI”) the decision letter No.21/10/Dir/UPPS of the Board
No.21/10/Dir/UPPS tanggal 5 November 1988 dan of Directors of Bank Indonesia (“BI”) dated
Surat Direktorat Perizinan dan Informasi Perbankan 5 November 1988 and the letter of the Directorate
No.3/744/DPIP/Prz tanggal 31 Desember 2001. of Licensing and Banking Information
No.3/744/DPIP/Prz dated 31 December 2001,
respectively.
Anggaran Dasar Bank telah mengalami beberapa The Bank’s Articles of Association has been
kali perubahan. Perubahan terakhir dilakukan amended several times. The latest amendment
sehubungan dengan perubahan beberapa pasal related to changes on several articles in the Articles
of Association of the Bank as stated in notarial
dalam Anggaran Dasar Bank yang dituangkan dalam deed No.40 dated 10 December 2020, made
Akta No.40 tanggal 10 Desember 2020, yang dibuat before Mala Mukti, Bachelor of Law, Lex Legibus
di hadapan Mala Mukti, Sarjana Hukum, Lex Legibus Master, Notary in Jakarta, whereby the receipt of
Magister, Notaris di Jakarta, dimana penerimaan notification of amendments to the Articles of
pemberitahuan perubahan Anggaran Dasar telah Association had been received and registered in
diterima serta dicatat dalam Database Sistem the Legal Entity Administrative System Database of
Administrasi Badan Hukum Kementerian Hukum dan the Ministry of Law and Human Rights of the
Hak Asasi Manusia Republik Indonesia No.AHU- Republic of Indonesia No.AHU-AH.01.03-0420961
dated 18 December 2020.
AH.01.03-0420961 tanggal 18 Desember 2020.
Sesuai dengan pasal 3 Anggaran Dasar Bank, ruang According to article 3 of the Bank’s Articles of
lingkup kegiatan Bank adalah menjalankan kegiatan Association, the Bank’s scope of activities is to
usaha di bidang perbankan sesuai dengan undang- engage in general banking services in accordance
undang dan peraturan yang berlaku, dan melakukan with prevailing laws and regulations, and to engage in
kegiatan perbankan lainnya berdasarkan prinsip other banking activities based on Sharia principles.
Syariah. Bank mulai melakukan kegiatan berdasarkan The Bank started its activities based on the Sharia
prinsip Syariah tersebut sejak tahun 2002. principles since 2002.
Kantor pusat Bank berlokasi di Menara Bank The Bank’s head office address is at Menara Bank
Danamon, Jalan HR. Rasuna Said Blok C No.10, Danamon, Jalan HR. Rasuna Said Blok C No.10,
Kelurahan Karet, Kecamatan Setiabudi, Jakarta Kelurahan Karet, Kecamatan Setiabudi, Jakarta
Selatan. Selatan.
Pada tanggal 31 Desember 2023, Bank mempunyai As of 31 December 2023, the Bank had the
cabang-cabang dan kantor-kantor pembantu following branches and representative offices:
sebagai berikut:
Jumlah/Total*
Kantor cabang utama konvensional 41 Conventional main branches
Kantor cabang pembantu konvensional dan Conventional sub-branches
Kantor Fungsional 341 and Functional branches
Kantor cabang utama dan kantor cabang Sharia branches and
pembantu Syariah 15 sub-branches
*sesuai ijin BI/OJK *as approved by BI/OJK
LAMPIRAN – 5/1 – SCHEDULE
568 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 571
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan informasi umum Bank (lanjutan) a. Establishment and general information of the
Bank (continued)
Seluruh kantor cabang, kantor cabang pembantu, The conventional and Sharia branches and sub-
dan kantor cabang Syariah berlokasi di berbagai branches are located in various major business
pusat bisnis yang tersebar di seluruh Indonesia. centers throughout Indonesia.
b. Penawaran umum saham Bank b. Public offering of the Bank’s shares
Pada tanggal 8 Desember 1989, berdasarkan Izin On 8 December 1989, based on the license from
Menteri Keuangan No.SI-066/SHM/MK.10/1989 the Minister of Finance No.SI-
tertanggal 24 Oktober 1989, Bank melakukan 066/SHM/MK.10/1989 dated 24 October 1989, the
Penawaran Umum Perdana atas 12.000.000 saham Bank undertook an Initial Public Offering (IPO) of
dengan nilai nominal Rp1.000 per saham (nilai 12,000,000 shares with par value of Rp1,000 per
penuh). Pada tanggal 8 Desember 1989, seluruh share (full amount). On 8 December 1989, these
saham ini telah dicatatkan di Bursa Efek Jakarta shares were listed at the Jakarta Stock Exchange
(sekarang bernama Bursa Efek Indonesia setelah (known as Indonesia Stock Exchange, after being
digabungkan dengan Bursa Efek Surabaya). merged with the Surabaya Stock Exchange).
Setelah itu, Bank melakukan penambahan jumlah Subsequently, the Bank increased its listed shares
saham-saham terdaftar melalui saham bonus, through bonus shares, Limited Public Offerings
Penawaran Umum Terbatas dengan Hak Memesan with Pre-emptive Rights (Rights Issue) I, II, III, IV,
Efek Terlebih Dahulu (Rights Issue) I, II, III, IV, dan and V and through Employee/Management Stock
V dan dalam rangka Program Kompensasi Option Program (“E/MSOP”).
Karyawan/Manajemen Berbasis Saham
(“E/MSOP”).
Bank menerima Surat Pemberitahuan Efektif The Bank received Effective Letter
No.S-2196/PM/1993 dari Badan Pengawasan Pasar No.S-2196/PM/1993 from Capital Market and
Modal dan Lembaga Keuangan (“Bapepam - LK”), Financial Institution Supervisory Board (“Bapepam
dahulu bernama Badan Pengawas Pasar Modal - LK”), previously Capital Market Supervisory
(“Bapepam”), sehubungan dengan Penawaran Board (“Bapepam”), in conjunction with Limited
Umum Terbatas I dengan Hak Memesan Efek Public Offering I with Pre-emptive Rights on
Terlebih Dahulu pada tanggal 24 December 1993.
24 Desember 1993.
Bank menerima Surat Pemberitahuan Efektif The Bank received Effective Letter
No.S-608/PM/1996 dari Bapepam - LK, sehubungan No.S-608/PM/1996 from Bapepam - LK, in
dengan Penawaran Umum Terbatas II dengan Hak conjunction with Limited Public Offering II with Pre-
Memesan Efek Terlebih Dahulu pada tanggal emptive Rights on 29 April 1996.
29 April 1996.
Bank menerima Surat Pemberitahuan Efektif The Bank received Effective Letter
No.S-429/PM/1999 dari Bapepam - LK, sehubungan No.S-429/PM/1999 from Bapepam - LK, in
dengan Penawaran Umum Terbatas III dengan Hak conjunction with Limited Public Offering III with
Memesan Efek Terlebih Dahulu pada tanggal Pre-emptive Rights on 29 June 1999.
29 Maret 1999.
Bank menerima Surat Pemberitahuan Efektif The Bank received Effective Letter
No.S-2093/BL/2009 dari Bapepam - LK sehubungan No.S-2093/BL/2009 from Bapepam - LK in
dengan Penawaran Umum Terbatas IV dengan Hak conjunction with Limited Public Offering IV with
Memesan Efek Terlebih Dahulu pada tanggal Pre-emptive Rights on 20 June 2009.
20 Maret 2009.
Bank menerima Surat Pemberitahuan Efektif The Bank received Effective Letter
No.S-9534/BL/2011 dari Bapepam - LK sehubungan No.S-9534/BL/2011 from Bapepam - LK in
dengan Penawaran Umum Terbatas V dengan Hak conjunction with Limited Public Offering V with Pre-
Memesan Efek Terlebih Dahulu pada tanggal emptive Rights on 24 August 2011.
24 Agustus 2011.
LAMPIRAN – 5/2 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 569
Page 572
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran umum saham Bank (lanjutan) b. Public offering of the Bank’s shares
(continued)
Sesuai dengan akta notaris No.55 tanggal In accordance with notarial deed No.55 dated
24 Agustus 2011 yang dibuat di hadapan Fathiah 24 August 2011 of Fathiah Helmi, S.H., Notary in
Helmi, S.H., Notaris di Jakarta, para pemegang Jakarta, the Bank’s shareholders through the
saham Bank melalui Rapat Umum Pemegang Extraordinary General Meeting of Shareholders
Saham Luar Biasa (“RUPSLB”) pada tanggal (“EGMS”) dated 24 August 2011 approved the
24 Agustus 2011 telah menyetujui rencana untuk Bank’s plan to conduct the Limited Public Offering
melakukan Penawaran Umum Terbatas dengan Hak with pre-emptive rights (Rights Issue) V, with the
Memesan Efek Terlebih Dahulu (Rights Issue) V, approved maximum new shares issued by the
dengan jumlah saham baru yang akan dikeluarkan Bank of 1,162,285,399 B series shares.
oleh Bank sebanyak-banyaknya 1.162.285.399 In accordance with the Shareholders Register
saham seri B. Sesuai dengan Daftar Pemegang dated 26 September 2011, an allotment date of the
Saham pada tanggal 26 September 2011 yang above Rights Issue, the total new shares issued in
merupakan tanggal penjatahan Rights Issue conjunction with Rights Issue V were
tersebut di atas, jumlah saham baru yang 1,162,285,399 B series shares.
dikeluarkan dalam rangka Rights Issue V adalah
sebanyak 1.162.285.399 saham seri B.
Berikut adalah kronologis pencatatan saham Bank The chronological overview of the Bank’s issued
pada bursa efek di Indonesia sejak Penawaran shares on the stock exchanges in Indonesia since
Umum Perdana: the Initial Public Offering is as follows:
Saham Seri A/
A Series Shares
Saham yang berasal dari Penawaran
Umum Perdana pada tahun 1989 12.000.000 Shares from Initial Public Offering in 1989
Saham pendiri 22.400.000 Founders’ shares
Saham bonus yang berasal dari kapitalisasi Bonus shares from capitalization
tambahan modal disetor - agio saham of additional paid-up capital - capital
pada tahun 1992 34.400.000 paid in excess of par value in 1992
Saham yang berasal dari Penawaran
Umum Terbatas dengan Hak Memesan Shares from Limited Public Offering with
Efek Terlebih Dahulu (Rights Issue) I Pre-emptive Rights (Rights Issue)
pada tahun 1993 224.000.000 I in 1993
Saham bonus yang berasal dari kapitalisasi Bonus shares from capitalization
tambahan modal disetor - agio saham of additional paid-up capital - capital
pada tahun 1995 112.000.000 paid in excess of par value in 1995
Saham yang berasal dari Penawaran
Umum Terbatas dengan Hak Memesan Shares from Limited Public Offering with
Efek Terlebih Dahulu (Rights Issue) II Pre-emptive Rights (Rights Issue)
pada tahun 1996 560.000.000 II in 1996
Saham pendiri pada tahun 1996 155.200.000 Founders’ shares in 1996
Saham yang berasal dari perubahan nilai
nominal saham pada tahun 1997 1.120.000.000 Shares resulting from stock split in 1997
2.240.000.000
Peningkatan nilai nominal saham menjadi : 20 Increase in par value to
Rp10.000 (nilai penuh) per saham Rp10,000 (full amount) per share
melalui pengurangan jumlah saham through reduction in total number
(reverse stock split) pada tahun 2001 112.000.000 of shares (reverse stock split) in 2001
Peningkatan nilai nominal saham menjadi :5 Increase in par value to
Rp50.000 (nilai penuh) per saham Rp50,000 (full amount) per share
melalui pengurangan jumlah saham through reduction in total number
(reverse stock split) pada tahun 2003 22.400.000 of shares (reverse stock split) in 2003
Jumlah saham seri A pada tanggal Total A series shares
31 Desember 2023 (Catatan 30) 22.400.000 as of 31 December 2023 (Note 30)
LAMPIRAN – 5/3 – SCHEDULE
570 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 573
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran umum saham Bank (lanjutan) b. Public offering of the Bank’s shares
(continued)
Saham Seri B/
B Series Shares
Saham yang berasal dari Penawaran Umum Shares from Limited Public Offering with
Terbatas dengan Hak Memesan Efek Terlebih Pre-emptive Rights (Rights Issue)
Dahulu (Rights Issue) III pada tahun 1999 215.040.000.000 III in 1999
Saham yang diterbitkan dalam rangka Shares issued in connection with
penggabungan usaha dengan PDFCI pada the Bank’s merger with
tahun 1999 45.375.000.000 the former PDFCI in 1999
Saham yang diterbitkan dalam rangka Shares issued in connection with
penggabungan usaha dengan Bank Tiara the Bank’s merger with
pada tahun 2000 35.557.200.000 Bank Tiara in 2000
Saham yang diterbitkan dalam rangka Shares issued in connection with
penggabungan usaha dengan 7 BTO* (Taken- the Bank’s merger with
Over Banks) lainnya pada tahun 2000 192.480.000.000 7 Taken-Over Banks* (BTOs) in 2000
488.452.200.000
Peningkatan nilai nominal saham menjadi : 20 Increase in par value to
Rp100 (nilai penuh) per saham melalui Rp100 (full amount) per share
pengurangan jumlah saham (reverse stock through reduction in total number of
split) pada tahun 2001 24.422.610.000 shares (reverse stock split) in 2001
Peningkatan nilai nominal saham menjadi :5 Increase in par value to
Rp500 (nilai penuh) per saham melalui Rp500 (full amount) per share
pengurangan jumlah saham (reverse stock through reduction in total number of
split) pada tahun 2003 4.884.522.000 shares (reverse stock split) in 2003
Saham yang berasal dari Penawaran Umum
Terbatas dengan Hak Memesan Efek Shares from Limited Public Offering with
Terlebih Dahulu (Rights Issue) IV pada Pre-emptive Rights (Rights Issue)
tahun 2009 3.314.893.116 IV in 2009
Saham yang berasal dari Penawaran Umum
Terbatas dengan Hak Memesan Efek Shares from Limited Public Offering with
Terlebih Dahulu (Rights Issue) V pada Pre-emptive Rights (Rights Issue)
tahun 2011 1.162.285.399 V in 2011
Saham yang diterbitkan dalam rangka Shares issued in connection with
Program Kompensasi Karyawan/Manajemen Employee/Management Stock Option
Berbasis Saham (tahap I-III) Program (tranche I-III)
- 2005 13.972.000 2005 -
- 2006 24.863.000 2006 -
- 2007 87.315.900 2007 -
- 2008 13.057.800 2008 -
- 2009 29.359.300 2009 -
- 2010 26.742.350 2010 -
- 2011 5.232.500 2011 -
Saham yang diterbitkan dalam rangka Shares issued in connection with the
penggabungan usaha dengan PT Bank Bank’s merger with PT Bank Nusantara
Nusantara Parahyangan Tbk pada tahun 2019 188.909.505 Parahyangan Tbk in 2019
Jumlah saham seri B pada tanggal Total B series shares as of
31 Desember 2023 (Catatan 30) 9.751.152.870 31 December 2023 (Note 30)
* 7 BTO terdiri dari PT Bank Duta Tbk, PT Bank Rama * 7 BTOs consist of PT Bank Duta Tbk, PT Bank Rama
Tbk, PT Bank Tamara Tbk, PT Bank Nusa Nasional Tbk, PT Bank Tamara Tbk, PT Bank Nusa Nasional
Tbk, PT Bank Pos Nusantara, PT JayaBank Tbk, PT Bank Pos Nusantara, PT JayaBank
International, dan PT Bank Risjad Salim Internasional. International, and PT Bank Risjad Salim
Internasional.
LAMPIRAN – 5/4 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 571
Page 574
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran umum saham Bank (lanjutan) b. Public offering of the Bank’s shares
(continued)
Terhitung mulai tanggal 1 Mei 2019 PT Bank Starting from 1 May 2019 PT Bank Danamon
Danamon Indonesia Tbk dan PT Bank Nusantara Indonesia Tbk and PT Bank Nusantara
Parahyangan Tbk “BNP” telah efektif bergabung Parahyangan Tbk “BNP” has effective merged as
sebagaimana dimuat dalam Akta Nomor 123 tanggal specified into Deed number 123 dated 29 April
29 April 2019 yang dibuat oleh Mala Mukti, Sarjana 2019 made by Mala Mukti, Bachelor of Law, Lex
Hukum, Lex Legibus Magister, Notaris di Jakarta Legibus Magister, Notary in Jakarta and has been
dan telah disetujui oleh Menteri Hukum dan Hak approved by the Minister of Law and Human Rights
Asasi Manusia Republik Indonesia melalui Surat of the Republic of Indonesia through Decree Letter
Keputusan Menteri Hukum dan Hak Asasi Manusia No.AHU-AH.01.10-0008351 dated 30 April 2019
Republik Indonesia No.AHU-AH.01.10-0008351 regarding Acceptance Notification on Merger of
tanggal 30 April 2019 tentang Penerimaan PT Bank Danamon Indonesia Tbk, Approval on
Pemberitahuan Penggabungan Perseroan PT Bank Amendment of Articles of Association of PT Bank
Danamon Indonesia Tbk, Surat Keputusan Menteri Danamon Indonesia Tbk, Decree Letter Number
Hukum dan Hak Asasi Manusia Republik Indonesia No.AHU-AH.01.03-0224741 dated 30 April 2019
No.AHU-AH.01.03-0224741 tanggal 30 April 2019 concerning Acceptance on Notification of Articles
tentang Penerimaan Pemberitahuan Perubahan of Association of PT Bank Danamon Indonesia
Anggaran Dasar PT Bank Danamon Indonesia Tbk, Tbk, Decree Letter Number No.AHU-AH.01.03-
Surat Keputusan Menteri Hukum dan Hak Asasi 0224743 dated 30 April 2019 concerning
Manusia Republik Indonesia No.AHU-AH.01.03- Acceptance on Notification of PT Bank Danamon
0224743 tanggal 30 April 2019 tentang Penerimaan Indonesia Tbk’s data amendment.
Pemberitahuan Perubahan Data Perseroan PT Bank
Danamon Indonesia Tbk.
Sehubungan dengan penggabungan usaha In relation to the merger, the Bank has converted
tersebut, Bank melakukan konversi saham BNP BNP’s shares through an additional of 188,909,505
melalui penambahan sejumlah 188.909.505 saham, shares, so the issued and fully paid B series shares
sehingga jumlah modal ditempatkan dan disetor and additional paid-in capital increased by
penuh saham seri B dan tambahan modal disetor Rp94,455 and Rp729,647, respectively.
meningkat masing-masing sebesar Rp94.455 dan
Rp729.647.
c. Entitas Anak c. Subsidiary
Bank mempunyai kepemilikan langsung pada The Bank has a direct ownership interest in the
Entitas Anak sebagai berikut: following Subsidiaries:
Tahun
Persentase kepemilikan/ beroperasi
Percentage of komersial/
Kegiatan ownership Year Jumlah aset/Total assets
usaha/ commercial
Nama entitas anak/ Business Domisili/ operations
Name of subsidiaries activity Domicile 2023 2022 commenced 2023 2022
PT Adira Dinamika Pembiayaan/ Jakarta,
Multi Finance Tbk Financing Indonesia 92,07% 92,07% 1990 31.007.222 24.897.205
PT Adira Quantum
Multifinance Pembiayaan/ Jakarta,
(likuidasi/liquidated) Financing Indonesia - 99,00% 2003 - 143.327
LAMPIRAN – 5/5 – SCHEDULE
572 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 575
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Entitas Anak (lanjutan) c. Subsidiary (continued)
PT Adira Dinamika Multi Finance Tbk (ADMF) PT Adira Dinamika Multi Finance Tbk (ADMF)
Pada tanggal 26 Januari 2004, Bank telah On 26 January 2004, the Bank signed a
menandatangani Perjanjian Jual Beli Bersyarat Conditional Sale and Purchase Agreement
(“PJBB”) untuk mengakuisisi 75% dari jumlah saham (“CSPA”) to acquire 75% of the issued shares of
yang dikeluarkan PT Adira Dinamika Multi Finance PT Adira Dinamika Multi Finance Tbk (“ADMF”)
Tbk (“ADMF”) dengan harga perolehan Rp850.000. with a purchase price of Rp850,000. The closing
Akuisisi ini diselesaikan pada tanggal date of this acquisition was on 7 April 2004. Based
7 April 2004. Sesuai dengan PJBB ini, Bank berhak on the CSPA, the Bank is entitled to 75% of
atas 75% dari laba bersih ADMF sejak tanggal ADMF’s net income starting from 1 January 2004.
1 Januari 2004.
Rincian aset neto yang diakuisisi dan goodwill pada Details of net assets acquired and goodwill as of
tanggal akuisisi adalah sebagai berikut: the acquisition date are as follows:
Jumlah aset 1.572.026 Total assets
Jumlah liabilitas (1.241.411) Total liabilities
Aset neto 330.615 Net assets
Penyesuaian atas nilai wajar aset neto Adjustment to fair value of net assets due
karena pembayaran dividen (125.000) to dividend distribution
Nilai wajar aset neto (100%) 205.615 Fair value of net assets (100%)
Harga perolehan 850.000 Purchase price
Nilai wajar aset neto yang diakuisisi (75%) (154.211) Fair value of net assets acquired (75%)
Goodwill (Recognized in accordance with
Goodwill (Dicatat sesuai dengan standar the accounting standard at the time of the
akuntansi pada waktu transaksi terjadi) 695.789 transaction occurred)
Berdasarkan PJBB, Bank juga memperoleh 90% hak Based on the CSPA, the Bank is also entitled to
kepemilikan atas perusahaan terafiliasi ADMF, 90% ownership of the affiliated companies of
PT Zurich Asuransi Indonesia Tbk (Dahulu ADMF, PT Zurich Asuransi Indonesia Tbk
PT Asuransi Adira Dinamika Tbk) (“ZAI”), dan (Formerly PT Asuransi Adira Dinamika Tbk)
PT Adira Quantum Multifinance (“AQ”). (“ZAI”), and PT Adira Quantum Multifinance
(“AQ”).
Pada tanggal 26 Januari 2004, Bank juga telah On 26 January 2004, the Bank also signed a Call
menandatangani Perjanjian Call Option, yang Option Agreement, which was then last amended
terakhir diubah dengan “Fourth Amendment to the by the “Fourth Amendment to the Amended and
Amended and Restated Call Option Agreement” Restated Call Option Agreement” dated
tertanggal 22 Desember 2006. Berdasarkan 22 December 2006. Based on the Call Option
Perjanjian Call Option tersebut, Bank berhak untuk Agreement, the Bank has a right to purchase up to
membeli sampai dengan 20%, dari jumlah saham 20%, of the remaining total issued shares of ADMF
yang dikeluarkan oleh ADMF pada harga tertentu at an approved pre-determined strike price. This
yang telah disetujui. Call option ini jatuh tempo pada call option expired on 30 April 2009. On 8 April
tanggal 30 April 2009. Pada tanggal 8 April 2009, 2009, the Bank signed “Extension to the Amended
Bank telah menandatangani “Extensions to the and Restated Call Option Agreement” which
Amended and Restated Call Option Agreement” extended the Call Option expiry date to 31 July
yang memperpanjang jatuh tempo Call Option 2009. On the Call Option issuance date, the Bank
menjadi tanggal 31 Juli 2009. Pada tanggal paid a premium of Rp186,875 for this call option.
penerbitan Call Option, Bank membayar premi
sebesar Rp186.875 atas call option ini.
Pada tanggal 22 November 2005, BI memberikan On 22 November 2005, BI gave a formal approval
persetujuan formal atas penyertaan modal pada on the 95% ownership investment in ADMF.
ADMF dengan porsi kepemilikan saham sebesar
95%.
LAMPIRAN – 5/6 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 573
Page 576
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Entitas Anak (lanjutan) c. Subsidiary (continued)
PT Adira Dinamika Multi Finance Tbk (ADMF) PT Adira Dinamika Multi Finance Tbk (ADMF)
(lanjutan) (continued)
Pada tanggal 9 Juli 2009, Bank telah mengeksekusi On 9 July 2009, the Bank had executed its call
call option-nya untuk membeli 20% saham ADMF option to buy 20% of ADMF’s shares with
dengan nilai akuisisi sebesar Rp1.628.812, dimana acquisition cost of Rp1,628,812, which amount
jumlah ini termasuk premi yang telah dibayar untuk included the payment for call option of Rp186,875.
call option sebesar Rp186.875. Dengan demikian, Therefore, since 9 July 2009, the Bank had owned
sejak tanggal 9 Juli 2009, Bank telah memiliki 95% 95% of ADMF’s shares and had been entitled
saham ADMF dan berhak atas tambahan 20% dari additionally to 20% of ADMF’s net profit since
laba bersih ADMF sejak tanggal 1 Januari 2009. 1 January 2009. ADMF’s Articles of Association
Anggaran Dasar ADMF telah mengalami beberapa has been amended several times with the latest
kali perubahan, perubahan terakhir dilakukan amendment effected by Notarial Deed of Mala
dengan Akta Notaris Mala Mukti, S.H., LL.M., No.40 Mukti, S.H., LL.M., No. 40 dated 15 October 2021.
tanggal 15 Oktober 2021. Perubahan ini diterima This amendment has been received and recorded
dan dicatat dalam Sistem Administrasi Badan in the database of Legal Entity Administrative
Hukum Kementerian Hukum dan Hak Asasi Manusia System of the Ministry of Laws and Human Rights
Republik Indonesia dalam Surat Penerimaan of the Republic of Indonesia through its Letter of
Pemberitahuan Perubahan Anggaran Dasar Receipt of Notice on Amendment to the Articles of
PT Adira Dinamika Multi Finance Tbk Association of PT Adira Dinamika Multi Finance
No.AHU-AH.01.03-0465665 tanggal 27 Oktober Tbk No.AHU-AH.01.03-0465665 dated 27 October
2021. 2021.
Rincian aset neto yang diakuisisi dan goodwill pada Details of net assets acquired and goodwill as of
tanggal eksekusi adalah sebagai berikut: the exercise date are as follows:
Jumlah aset 3.592.024 Total assets
Jumlah liabilitas (1.642.021) Total liabilities
Nilai wajar aset neto (100%) 1.950.003 Fair value of net assets (100%)
Harga perolehan 1.628.812 Purchase price
Nilai wajar aset neto yang diakuisisi (20%) (390.000) Fair value of net assets acquired (20%)
Goodwill (Recognized in accordance with
Goodwill (Dicatat sesuai dengan standar the accounting standard at the time
akuntansi pada waktu transaksi terjadi) 1.238.812 of the transaction occurred)
Konsolidasi ZAI dan AQ pada bulan April 2006 Consolidation of ZAI and AQ in April 2006 caused
menyebabkan perubahan nilai penyertaan modal a change in the investment amount in ADMF and
pada ADMF dan perubahan nilai buku goodwill change in net book value of goodwill as calculated
seperti berikut ini: below:
Perhitungan Sesudah konsolidasi dengan ZAI dan AQ/
awal ADMF After consolidating ZAI and AQ
saja/Initial
calculation
ADMF only ADMF ZAI AQ Total
Harga perolehan 850.000 822.083 19.020 8.897 850.000 Purchase price
Nilai wajar aset neto Fair value of net
yang diakuisisi (154.211) (154.211) (19.020) (8.897) (182.128) assets acquired
Goodwill (Catatan 2s) 695.789 667.872 - - 667.872 Goodwill (Note 2s)
LAMPIRAN – 5/7 – SCHEDULE
574 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 577
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Entitas Anak (lanjutan) c. Subsidiary (continued)
PT Adira Dinamika Multi Finance Tbk (ADMF) PT Adira Dinamika Multi Finance Tbk (ADMF)
(lanjutan) (continued)
Pada tanggal 25 Januari 2016, Bank telah On 25 January 2016, the Bank divested 2.93%
melakukan divestasi sebesar 2,93% atas ownership in the shares of ADMF to meet minimum
kepemilikan saham di ADMF untuk memenuhi percentage of shares not owned by controlling and
persentase saham minimum sebesar 7,5% saham main shareholder of 7.5% based on regulatory
yang tidak dimiliki oleh pemegang saham decision of the Board of Directors of the Indonesia
pengendali dan pemegang saham utama Stock Exchange No.Kep-00001/BEI/01-2014.
berdasarkan peraturan Keputusan Direksi Bursa Consequently, the Bank’s ownership in ADMF is
Efek Indonesia No.Kep-00001/BEI/01-2014. become 92.07%.
Sehingga, kepemilikan Bank di ADMF menjadi
sebesar 92,07%.
PT Adira Quantum Multifinance (AQ) (likuidasi) PT Adira Quantum Multifinance (AQ)
(liquidated)
Pada tanggal 12 Desember 2007, penegasan On 12 December 2007, the confirmation of sales
perjanjian jual beli saham AQ sudah ditandatangani. and purchase of shares agreement for AQ had
Penegasan dan persetujuan atas transaksi tersebut been signed. Confirmation and approval for such
telah diperoleh dalam Rapat Umum Pemegang transaction had been obtained from the Annual
Saham Tahunan (“RUPST”) AQ seperti termuat General Meeting of Shareholders (“AGMS”) of AQ
dalam Akta Pernyataan Keputusan Rapat No.15 as stipulated on Deed No.15 dated 13 September
tanggal 13 September 2008 yang dibuat di hadapan 2008 of Catherina Situmorang, S.H., Notary in
Catherina Situmorang, S.H., Notaris di Jakarta dan Jakarta and its amendment had been approved by
telah disetujui oleh Menteri Hukum dan Hak Asasi the Ministry of Law and Human Rights of the
Manusia Republik Indonesia dengan Surat Republic of Indonesia in a Decree Letter
Keputusan No.AHU-AH.01.10-18248 tanggal 18 Juli No.AHU-AH.01.10-18248 dated 18 July 2008.
2008.
BI dalam suratnya tertanggal 31 Desember 2008 BI in its letter dated 31 December 2008 had
telah menyetujui Bank untuk meningkatkan porsi approved the Bank to increase its ownership in AQ
kepemilikan atas AQ dari 90% menjadi 99% dan from 90% to 99% and increase AQ’s share capital
melakukan penambahan modal disetor AQ menjadi to become Rp100,000. Further, on 23 April 2009,
Rp100.000. Lebih lanjut, pada tanggal the Bank and ADMF entered into a sale and
23 April 2009, Bank dan ADMF telah purchase of shares agreement with minority
menandatangani perjanjian jual beli saham dengan shareholders of AQ whereby minority shareholders
pemegang saham minoritas AQ dimana pemegang agreed to sell, transfer, and assign 900 shares and
saham minoritas setuju untuk menjual, mengalihkan, 100 shares constituting 9% and 1% of the total
dan memindahkan 900 lembar dan 100 lembar issued shares of AQ to the Bank and ADMF which
saham setara dengan 9% dan 1% dari keseluruhan had been executed in May 2009. As a result, the
saham AQ kepada Bank dan ADMF yang telah Bank and ADMF increased their ownership in AQ
dilaksanakan pada bulan Mei 2009. Dengan by 10%. Confirmation and approval for such
demikian, kepemilikan Bank dan ADMF atas AQ transfer transaction had been obtained from AGMS
meningkat sebesar 10%. Penegasan dan of AQ stipulated on Deed No.12 dated 15 May
persetujuan atas transaksi pengalihan dari RUPS 2009 by P. Sutrisno A. Tampubolon, S.H.,M.Kn.,
AQ telah dimuat dalam Akta Pernyataan Keputusan Notary in Jakarta, which was received and
Pemegang Saham No.12 tanggal 15 Mei 2009 registered in Legal Entity Administrative System
dibuat oleh P. Sutrisno A. Tampubolon, S.H., M.Kn., Database of the Ministry of Law and Human Rights
Notaris di Jakarta, yang telah diterima serta dicatat of the Republic of Indonesia No.AHU-AH.01.10-
dalam Database Sistem Administrasi Badan Hukum 10739 dated 17 July 2009.
Kementerian Hukum dan Hak Asasi Manusia
Republik Indonesia No.AHU-AH.01.10-10739
tanggal 17 Juli 2009.
LAMPIRAN – 5/8 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 575
Page 578
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Entitas Anak (lanjutan) c. Subsidiary (continued)
PT Adira Quantum Multifinance (AQ) (likuidasi) PT Adira Quantum Multifinance (AQ)
(lanjutan) (liquidated) (continued)
Penambahan modal disetor AQ menjadi Rp100.000 The increase in AQ’s share capital to reach
telah dimuat dalam Akta Penyataan Keputusan Rp100,000 was stipulated on Deed No.29 dated
Pemegang Saham No.29 tanggal 23 Juli 2009 dibuat 23 July 2009 by P. Sutrisno A. Tampubolon, S.H.,
oleh P. Sutrisno A. Tampubolon, S.H., M.Kn., M.Kn., Notary in Jakarta, and its amendment had
Notaris di Jakarta, dan telah disetujui perubahannya been approved by the Minister of Law and Human
oleh Menteri Hukum dan Hak Asasi Manusia Rights of the Republic of Indonesia in a Decree
Republik Indonesia dengan Surat Keputusan Letter No.AHU-39039.AH.01.02 dated 13 August
No.AHU-39039.AH.01.02 tanggal 13 Agustus 2009 2009 and was published in Supplement No.9659 to
dan telah diumumkan dalam Tambahan No.9659 the State Gazette of the Republic of Indonesia
pada Berita Negara Republik Indonesia No.65 No.65 dated 13 August 2010.
tanggal 13 Agustus 2010.
AQ telah menghentikan kegiatan operasional dan AQ has terminated its operation and in the
dalam proses likuidasi, berdasarkan RUPSLB AQ liquidation process, based on the EGMS of AQ as
yang dituangkan dalam Akta Pernyataan Keputusan stipulated in Deed of Shareholders Resolution
Pemegang Saham No.126 tanggal 22 Agustus 2017 No.126 dated 22 August 2017 by Hasbullah Abdul
yang dibuat di hadapan Hasbullah Abdul Rasyid, Rasyid, S.H., M.Kn., Notary in Jakarta. Based on
S.H., M.Kn., Notaris di Jakarta. Berdasarkan AQ’s request to OJK to cancel AQ’s business
permintaan AQ kepada OJK untuk mencabut izin license, the permission has been granted by OJK
usaha AQ, OJK telah mengabulkan permintaan on the Decision Letter of the Board of
tersebut dengan mencabut izin usaha berdasarkan Commissioners of OJK dated 21 December 2017
surat keputusan Dewan Komisioner OJK tertanggal No.KEP-103/D.05/2017.
21 Desember 2017 No.KEP-103/D.05/2017.
Penyelesaian harta kekayaan dan kewajiban Assets and obligation settlement concerning the
sehubungan dengan proses pembubaran dan dissolution and liquidation process of AQ has been
likuidasi AQ telah selesai dilakukan yang dituangkan completed as stipulated in the Deed of
dalam Akta Pernyataan Keputusan Pemegang Shareholders Resolution No. 17 dated 4 April 2023
Saham No.17 tanggal 4 April 2023 yang dibuat made before Jimmy Tanal, S.H., M.Kn, Notary in
dihadapan Jimmy Tanal, S.H., M.Kn, Notaris di South Jakarta and has been recorded and deleted
Jakarta Selatan dan telah dicatat dan dihapus dari from the Company Registry by the Minister of Law
Daftar Perseroan oleh Menteri Hukum dan Hak and Human Rights of the Republic of Indonesia in
Asasi Manusia Republik Indonesia dengan Surat Decree No.AHU.01.03.00304 dated 6 June 2023.
Keputusan No.AHU.01.03-00304 tanggal 6 Juni
2023.
LAMPIRAN – 5/9 – SCHEDULE
576 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 579
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Dewan Komisaris dan Direksi d. Boards of Commissioners and Directors
Pada tanggal 31 Desember 2023 dan 2022, susunan As of 31 December 2023 and 2022,
Dewan Komisaris dan Direksi Bank adalah sebagai the composition of the Bank’s Boards of
berikut: Commissioners and Directors are as follows:
2023 2022
Komisaris Utama Bpk./Mr. Yasushi Itagaki 1) Bpk./Mr. Kenichi Yamato4) President Commissioner
Wakil Komisaris Utama Bpk./Mr. Johanes Berchmans Kristiadi Independent Vice President
Independen Bpk./Mr. Halim Alamsyah 2) Pudjosukanto Commissioner
Komisaris Bpk./Mr. Nobuya Kawasaki Bpk./Mr. Nobuya Kawasaki Commissioner
Komisaris Bpk./Mr. Dan Harsono Bpk./Mr. Dan Harsono Commissioner
Komisaris - Bpk./Mr. Shuichi Yokoyama4) Commissioner
Komisaris Independen Bpk./Mr. Peter Benyamin Stok Bpk./Mr. Peter Benyamin Stok Independent Commissioner
Komisaris Independen Ibu/Mrs. Hedy Maria Helena Lapian Ibu/Mrs. Hedy Maria Helena Lapian Independent Commissioner
Komisaris Independen - Bpk./Mr. Halim Alamsyah Independent Commissioner
Direktur Utama Bpk./Mr. Daisuke Ejima 3) Bpk./Mr. Yasushi Itagaki4) President Director
Wakil Direktur Utama Bpk./Mr. Honggo Widjojo Kangmasto Bpk./Mr. Honggo Widjojo Kangmasto Vice President Director
Wakil Direktur Utama Bpk./Mr. Hafid Hadeli Bpk./Mr. Hafid Hadeli Vice President Director
Direktur Bpk./Mr. Herry Hykmanto Bpk./Mr. Herry Hykmanto Director
Direktur Bpk./Mr. Muljono Tjandra Bpk./Mr. Muljono Tjandra Director
Direktur - Bpk./Mr. Heriyanto Agung Putra4) Director
Direktur Bpk./Mr. Dadi Budiana Bpk./Mr. Dadi Budiana Director
Direktur Ibu/Mrs. Rita Mirasari Ibu/Mrs. Rita Mirasari Director
Direktur Bpk./Mr. Naoki Mizoguchi Bpk./Mr. Naoki Mizoguchi Director
Direktur Bpk./Mr. Thomas Sudarma Bpk./Mr. Thomas Sudarma Director
1) 1)
Pengangkatan Bpk. Yasushi Itagaki berdasarkan hasil keputusan The appointment of Mr. Yasushi Itagaki based on resolutions of AGMS
RUPS Tahunan tanggal 31 Maret 2023 dan telah efektif tanggal dated 31 March 2023 and effective as of dated 1 January 2024 based
1 Januari 2024 berdasarkan hasil lulus uji kemampuan dan on the result of passing the OJK fit and proper test.
kepatutan dari OJK.
2) 2)
Pengangkatan Bpk. Halim Alamsyah berdasarkan hasil keputusan The appointment of Mr. Halim Alamsyah based on resolution of AGMS
RUPS Tahunan tanggal 31 Maret 2023 dan telah efektif tanggal dated 31 March 2023 and effective as of dated 7 June 2023 based on
7 Juni 2023 berdasarkan hasil lulus uji kemampuan dan kepatutan the result of passing the OJK fit and proper test.
dari OJK.
3) 3)
Pengangkatan Bpk. Daisuke Ejima berdasarkan hasil keputusan The appointment of Mr. Daisuke Ejima based on resolutions of AGMS
RUPS Tahunan tanggal 31 Maret 2023 dan telah efektif tanggal dated 31 March 2023 and effective as of dated 1 April 2023 based on
1 April 2023 berdasarkan hasil lulus uji kemampuan dan kepatutan the result of passing the OJK fit and proper test.
dari OJK.
4) 4)
Masa Jabatan Bpk.Kenichi Yamato, Bpk. Shuichi Yokoyama, Bpk. The term of office of Mr. Kenichi Yamato, Mr. Shuichi Yokoyama,
Yasushi Itagaki dan Bpk. Heriyanto Agung Putra berakhir pada Mr. Yasushi Itagaki and Mr. Heriyanto Agung Putra ended at the closing
RUPS Tahunan tanggal 31 Maret 2023. of AGMS dated 31 March 2023.
Pada tanggal 31 Desember 2023, Bank dan Entitas As of 31 December 2023, the Bank and Subsidiary
Anak mempunyai 23.238 karyawan tetap dan 2.757 had 23,238 permanent employees and 2,757 non-
karyawan tidak tetap (2022: 22.411 karyawan tetap permanent employees (2022: 22,411 permanent
dan 3.773 karyawan tidak tetap) (tidak diaudit). employees and 3,773 non-permanent employees)
(unaudited).
e. Dewan Pengawas Syariah e. Sharia Supervisory Board
Susunan Dewan Pengawas Syariah pada tanggal The composition of the Sharia Supervisory Board
31 Desember 2023 dan 2022 adalah sebagai as of 31 December 2023 and 2022 are as follows:
berikut:
2023 2022
Bpk./Mr. Prof. Dr. H. M. Din Bpk./Mr. Prof. Dr. H. M. Din
Ketua Syamsuddin Syamsuddin Chairman
Anggota Bpk./Mr. Dr. Hasanudin, M.Ag. Bpk./Mr. Dr. Hasanudin, M.Ag. Member
Anggota Bpk./Mr. Dr. Asep Supyadillah, M.Ag. Bpk./Mr. Dr. Asep Supyadillah, M.Ag. Member
LAMPIRAN – 5/10 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 577
Page 580
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
f. Komite Audit f. Audit Committee
Susunan anggota Komite Audit pada tanggal The composition of the Audit Committee as of
31 Desember 2023 dan 2022 adalah sebagai berikut: 31 December 2023 and 2022 are as follows:
20231) 2022
Ketua Bpk./Mr. Halim Alamsyah Bpk./Mr. Peter Benyamin Stok Chairman
Bpk./Mr. Johanes Berchmans Kristiadi
Anggota - Pudjosukanto Member
Anggota Ibu/Mrs. Hedy Maria Helena Lapian Bpk./Mr. Halim Alamsyah Member
Anggota (Pihak Independen) Ibu/Mrs. Mawar IR Napitupulu Ibu/Mrs. Mawar IR Napitupulu (Independent Party) Member
Anggota (Pihak Independen) Bpk./Mr. Zainal Abidin Bpk./Mr. Zainal Abidin (Independent Party) Member
1) 1)
Komposisi Komite Audit berdasarkan keputusan Sirkuler Dewan The composition of the Audit Committee is based on Circular
Komisaris dan Keputusan Sirkuler Direksi yang berlaku efektif sejak Resolution of Board of Commissioner and Board of Director
tanggal 10 April 2023. which effective as of dated 10 April 2023.
g. Komite Pemantau Risiko g. Risk Oversight Committee
Susunan anggota Komite Pemantau Risiko pada tanggal The composition of the Risk Oversight Committee as of
31 Desember 2023 dan 2022 adalah sebagai berikut: 31 December 2023 and 2022 are as follows:
2023 2022
Ketua Ibu/Mrs. Hedy Maria Helena Lapian Ibu/Mrs. Hedy Maria Helena Lapian Chairman
Anggota Bpk./Mr. Peter Benyamin Stok Bpk./Mr. Peter Benyamin Stok Member
Anggota Bpk./Mr. Nobuya Kawasaki Bpk./Mr. Nobuya Kawasaki Member
Anggota Bpk./Mr. Dan Harsono Bpk./Mr. Dan Harsono Member
Anggota (Pihak Independen) Ibu/Mrs. Mawar IR Napitupulu Ibu/Mrs. Mawar IR Napitupulu (Independent Party) Member
Anggota (Pihak Independen) Bpk./Mr. Zainal Abidin Bpk./Mr. Zainal Abidin (Independent Party) Member
h. Komite Nominasi dan Remunerasi h. Nomination and Remuneration Committee
Susunan anggota Komite Nominasi dan Remunerasi pada The composition of the Nomination and Remuneration
tanggal 31 Desember 2023 dan 2022 adalah sebagai Committee as of 31 December 2023 and 2022 are as
berikut: follows:
20231) 2022
Bpk./Mr. Johanes Berchmans Kristiadi
Ketua Bpk./Mr. Halim Alamsyah Pudjosukanto Chairman
Anggota Bpk./Mr. Yasushi Itagaki Bpk./Mr. Kenichi Yamato2) Member
Anggota Ibu/Mrs. Hedy Maria Helena Lapian Ibu/Mrs. Hedy Maria Helena Lapian Member
Anggota Bpk./Mr. Nobuya Kawasaki Bpk./Mr. Nobuya Kawasaki Member
Anggota Bpk./Mr. Roy Fahrizal Permana Bpk./Mr. Roy Fahrizal Permana Member
1) 1)
Komposisi Komite Nominasi dan Remunerasi berdasarkan The composition of the Nomination and Remuneration
Keputusan Sirkuler Dewan Komisaris dan Keputusan Sirkuler Committee based on Circular Resolution of Board of
Direksi yang berlaku efektif sejak tanggal 10 April 2023. Commissioner and Board of Director which effective as of dated
2)
Masa Jabatan Bpk.Kenichi Yamato berakhir pada RUPS Tahunan 10 April 2023.
2)
tanggal 31 Maret 2023. The term of office of Mr.Kenichi Yamato ended at the closing of
GMS dated 31 March 2023.
i. Komite Corporate Governance i. Corporate Governance Committee
Susunan anggota Komite Corporate Governance The Corporate Governance Committee as of
pada tanggal 31 Desember 2023 dan 2022 adalah 31 December 2023 and 2022 are as follows:
sebagai berikut:
20231) 2022
Ketua Bpk./Mr. Peter Benyamin Stok Bpk./Mr. Peter Benyamin Stok Chairman
Anggota - Ibu/Mrs. Hedy Maria Helena Lapian Member
Anggota Bpk./Mr. Nobuya Kawasaki Bpk./Mr. Nobuya Kawasaki Member
Anggota - Bpk./Mr. Halim Alamsyah Member
1) 1)
Komposisi Komite Corporate Governance berdasarkan keputusan The composition Corporate Governance Committee based on
Sirkuler Dewan Komisaris dan Keputusan Sirkuler Direksi yang Circular Resolution of Board of Commissioner and Board of
berlaku efektif sejak tanggal 10 April 2023. Director which effective as of dated 10 April 2023.
LAMPIRAN – 5/11 – SCHEDULE
578 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 581
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
j. Komite Tata Kelola Terintegrasi j. Integrated Corporate Governance Committee
Susunan anggota Komite Tata Kelola Terintegrasi The composition of the Integrated Corporate
pada tanggal 31 Desember 2023 dan 2022 adalah Governance Committee as of and 31 December
sebagai berikut: 2023 and 2022 are as follows:
20231) 2022
Ketua Bpk./Mr. Peter Benyamin Stok Bpk./Mr. Peter Benyamin Stok Chairman
Anggota Bpk./Mr. Nobuya Kawasaki Bpk./Mr. Nobuya Kawasaki Member
Anggota - Bpk./Mr. Halim Alamsyah Member
Anggota Bpk./Mr. Prof. Dr. H. M. Din Syamsuddin Bpk./Mr. Prof. Dr. H. M. Din Syamsuddin Member
Anggota Bpk./Mr. Krisna Wijaya Bpk./Mr. Krisna Wijaya Member
Anggota Bpk./Mr. Zainal Abidin Bpk./Mr. Zainal Abidin Member
Anggota Bpk./Mr. Christopher Mark Davies Bpk./Mr. Christopher Mark Davies Member
Anggota Bpk./Mr. Yasuhiko Togo Bpk./Mr. Yasuhiko Togo Member
Anggota Bpk./Mr. Andre S.Painchaud Bpk./Mr. Andre S.Painchaud Member
1) 1)
Komposisi Komite Tata Kelola Terintegrasi berdasarkan keputusan The composition of Integrated Corporate Governance Committee
Sirkuler Dewan Komisaris dan Keputusan Sirkuler Direksi yang based on Circular Resolution of Board of Commissioner and Board
berlaku efektif sejak tanggal 10 April 2023. of Director which effective as of dated 10 April 2023.
k. Sekretaris Perusahaan k. Corporate Secretary
Sekretaris perusahaan Bank pada tanggal The Corporate Secretary of the Bank as of
31 Desember 2023 dan 2022 adalah Rita Mirasari. 31 December 2023 and 2022 was Rita Mirasari.
l. Satuan Kerja Audit Intern l. Internal Audit Task Force
Pada tanggal 31 Desember 2023 dan 2022 Kepala As of 31 December 2023 and 2022 Yenny Linardi is
Satuan Kerja Audit Internal (SKAI) adalah Yenny the Chief Internal Audit Unit (SKAI).
Linardi.
m. Tanggal diotorisasi Laporan Keuangan m. Authorization date of The Consolidated
Konsolidasian Financial Statements
Laporan keuangan konsolidasian Bank dan Entitas The consolidated financial statements of the Bank
Anak diotorisasi untuk terbit oleh Direksi pada and Subsidiary were authorized for issue by the
tanggal 16 Februari 2024. Board of Directors on 16 February 2024.
LAMPIRAN – 5/12 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 579
Page 582
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
Kebijakan akuntansi material, kecuali yang disebutkan di The material accounting policies, other than those
Catatan 2c yang diterapkan secara konsisten dalam mentioned in Note 2c applied consistently in the
penyusunan laporan keuangan konsolidasian Bank dan preparation of the consolidated financial statements of the
Entitas Anak pada tanggal dan tahun yang berakhir pada Bank and Subsidiary as of and for the year ended
tanggal 31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 were as follows:
berikut:
a. Pernyataan kepatuhan a. Statement of compliance
Laporan keuangan konsolidasian telah disusun dan The consolidated financial statements have been
disajikan sesuai dengan Standar Akuntansi prepared and presented in accordance with
Keuangan di Indonesia. Indonesian Financial Accounting Standards.
Laporan keuangan konsolidasian juga disusun dan The consolidated financial statements have also
disajikan sesuai dengan peraturan Badan Pengawas been prepared and presented in accordance with
Pasar Modal dan Lembaga Keuangan (”BAPEPAM- Capital Market and Financial Institutions Supervisory
LK”), yang fungsinya dialihkan kepada Otoritas Jasa Agency (”BAPEPAM-LK”), whose function has been
Keuangan (”OJK”) sejak tanggal transferred to the Financial Services Authority
1 Januari 2013) No.VIII.G.7 yang merupakan (”OJK”) starting 1 January 2013), rule No.VIII.G.7,
Lampiran Keputusan Ketua BAPEPAM-LK Appendix of the Decree of the Chairman of the
No.KEP-347/BL/2012 tanggal 25 Juni 2012 tentang BAPEPAM-LK No.KEP-347/BL/2012 dated
”Penyajian dan Pengungkapan Laporan Keuangan 25 June 2012 regarding ”Financial Statements
Emiten atau Perusahaan Publik”. Presentation and Disclosure of the Issuer or Public
Company”.
Laporan keuangan unit usaha syariah disajikan The sharia business unit’s financial statements have
sesuai dengan Standar Akuntansi Keuangan been presented in accordance with Sharia Financial
Syariah dan Standar Akuntansi Keuangan lainnya Accounting Standards and other Financial
yang diterbitkan oleh Ikatan Akuntan Indonesia. Accounting Standards as issued by the Indonesian
Institute of Accountants.
b. Dasar penyusunan laporan keuangan b. Basis for preparation of the consolidated
konsolidasian financial statements
Laporan keuangan konsolidasian disusun The consolidated financial statements were
berdasarkan konsep nilai historis dan atas dasar prepared on the accrual basis and under the
akrual, kecuali dinyatakan khusus. historical cost concept, unless otherwise specified.
Biaya historis umumnya didasarkan pada nilai wajar Historical cost is generally based on the fair value of
dari imbalan yang diberikan dalam pertukaran the consideration given in exchange for goods and
barang dan jasa. services.
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to sell
menjual suatu aset atau harga yang akan dibayar an asset or paid to transfer a liability in an orderly
untuk mengalihkan suatu liabilitas dalam suatu transaction between market participants at the
transaksi teratur antara pelaku pasar pada tanggal measurement date, regardless of whether that price
pengukuran, terlepas dari apakah harga tersebut is directly observable or estimated using another
dapat diamati secara langsung atau diestimasi valuation technique. In estimating the fair value of an
menggunakan teknik penilaian lain. Dalam asset or a liability, the Bank and Subsidiary take into
mengestimasi nilai wajar dari suatu aset atau account the characteristics of the asset or liability if
liabilitas, Bank dan Entitas Anak memperhitungkan market participants would take those characteristics
karakteristik aset atau liabilitas jika pelaku pasar into account when pricing the asset or liability at the
akan memperhitungkan karakteristik tersebut ketika measurement date.
menentukan harga aset atau liabilitas pada tanggal
pengukuran.
LAMPIRAN – 5/13 – SCHEDULE
580 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 583
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
b. Dasar penyusunan laporan keuangan b. Basis for preparation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Laporan arus kas konsolidasian disusun dengan The consolidated statements of cash flows are
menggunakan metode langsung dengan prepared based on direct method by classifying cash
mengelompokkan arus kas ke dalam kegiatan flows on the basis of operating, investing, and
operasi, investasi, dan pendanaan. Untuk tujuan financing activities. For the purpose of consolidated
laporan arus kas konsolidasian, kas dan setara kas statements of cash flows, cash and cash equivalents
mencakup kas, giro pada Bank Indonesia, giro pada include cash, current accounts with Bank Indonesia,
Bank lain, penempatan pada Bank lain dan Bank current accounts with other Banks, placements with
Indonesia, dan Sertifikat Bank Indonesia yang jatuh other Banks and Bank Indonesia, and Certificates of
tempo dalam waktu tiga bulan sejak tanggal Bank Indonesia that mature within three-months
perolehan, sepanjang tidak digunakan sebagai from the date of acquisition, as long as they are not
jaminan atas pinjaman yang diterima serta tidak being pledged as collateral for borrowings nor
dibatasi penggunaannya. restricted.
Dalam penyusunan laporan keuangan The preparation of consolidated financial statements
konsolidasian sesuai dengan Standar Akuntansi in conformity with Indonesian Financial Accounting
Keuangan di Indonesia, dibutuhkan pertimbangan, Standards are required to make judgments,
estimasi, dan asumsi jumlah tercatat asset dan estimates and assumptions about the carrying
liabilitas yang tidak tersedia dari sumber lain. amounts of assets and liabilities that are not readily
apparent from other sources.
Walaupun estimasi dan asumsi terkait didasarkan Although these estimates and associated
pada pengetahuan terbaik manajemen atas assumptions are based on management’s best
kejadian dan tindakan saat ini, hasil aktual mungkin knowledge of current events and activities, actual
berbeda dari estimasi tersebut. results may differ from those estimates.
Estimasi dan asumsi yang mendasari ditelaah Estimates and underlying assumptions are reviewed
secara berkesinambungan. Revisi atas estimasi on an ongoing basis. Revisions to accounting
akuntansi diakui pada tahun dimana estimasi estimates are recognized in the year in which the
tersebut direvisi dan tahun yang akan datang yang estimate is revised and in any future year affected.
dipengaruhi oleh revisi estimasi tersebut.
Secara khusus, informasi mengenai hal-hal penting In particular, information about significant areas of
yang terkait dengan ketidakpastian estimasi dan estimation uncertainty and critical judgements in
pertimbangan penting dalam penerapan kebijakan applying accounting policies that have material
akuntansi yang memiliki dampak yang material effect on the amounts recognized in the consolidated
terhadap jumlah yang diakui dalam laporan financial statements are described in Note 3.
keuangan konsolidasian dijelaskan dalam
Catatan 3.
Seluruh angka dalam laporan keuangan Figures in these consolidated financial statements
konsolidasian ini dibulatkan menjadi jutaan Rupiah are rounded to and stated in millions of Rupiah,
yang terdekat, kecuali dinyatakan secara khusus. unless otherwise stated.
LAMPIRAN – 5/14 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 581
Page 584
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
c. Perubahan kebijakan akuntansi c. Changes in accounting policies
Dalam tahun berjalan, Bank dan Entitas Anak telah In the current year, the Bank and Subsidiary have
menerapkan sejumlah amendemen/penyesuaian applied a number of amendments/improvements to
PSAK yang relevan dengan operasinya dan efektif PSAK that are relevant to its operations and effective
untuk periode akuntansi yang dimulai pada atau for accounting period beginning on or after 1 January
setelah 1 Januari 2023: 2023:
• Amandemen PSAK 1 "Penyajian Laporan • Amendment to PSAK 1 "Presentation of
Keuangan" tentang Klasifikasi Liabilitas Financial Statement" related to Liabilities
sebagai Jangka Pendek atau Jangka Panjang Classification as Short or Long-term and
dan Pengungkapan Kebijakan Akuntansi; Disclosure of Accounting Policies;
• Amandemen PSAK 16 "Aset Tetap" tentang • Amendment to PSAK 16 “Property, Plant and
Hasil Sebelum Penggunaan Yang Equipment” related to Proceeds before Intended
Diintensikan; Use;
• Amandemen PSAK 25 “Kebijakan Akuntansi, • Amendment to PSAK 25 “Accounting Policies,
Perubahan Estimasi Akuntansi, dan Changes in Accounting Estimates and Errors”
Kesalahan” tentang Definisi Estimasi related to Definition of Accounting Estimates;
Akuntansi;
• Amendemen PSAK 46 “Pajak Penghasilan” • Amendment of PSAK 46 "Income Tax" on
tentang Pajak Tangguhan terkait Aset dan Deferred Tax related to Assets and Liabilities
Liabilitas yang timbul dari Transaksi Tunggal. arising from a Single Transaction.
• Amendemen PSAK 107 “Akuntansi Ijarah”. • Amendment of PSAK 107 “Ijarah
Accounting”.
Penerapan atas PSAK baru/revisi tidak The adoption of these new/revised PSAKs does not
mengakibatkan perubahan atas kebijakan result in changes to the Bank and Subsidiary
akuntansi Bank dan Entitas Anak dan tidak accounting policies and has no material effect on the
memiliki dampak material terhadap jumlah yang amounts reported in these consolidated financial
dilaporkan dalam laporan keuangan konsolidasian. statements.
d. Prinsip konsolidasian dan ekuitas d. Consolidation principles and equity accounting
d.1. Entitas Anak d.1. Subsidiary
Bank mengendalikan entitas anak ketika Bank The Bank controls a subsidiary when the Bank
terekspos atau memiliki hak atas imbal hasil is exposed to, or has rights to, variable returns
variabel dari keterlibatannya dengan entitas from its involvement with the Subsidiary and
anak dan memiliki kemampuan untuk has the ability to affect those returns through
mempengaruhi imbal hasil tersebut melalui its power over the Subsidiary.
kekuasaannya atas entitas anak.
Entitas Anak dikonsolidasikan sejak tanggal Subsidiary are consolidated from the date on
kendali atas Entitas Anak tersebut beralih which control is transferred to the Bank and as
kepada Bank dan sesuai dengan persetujuan approved by BI for the capital investment and
penyertaan modal dari BI dan tidak lagi are no longer consolidated from the date that
dikonsolidasikan sejak tanggal hilangnya control ceases. The financial statements of
pengendalian. Laporan keuangan Entitas Subsidiary have been prepared using uniform
Anak telah disusun dengan menggunakan accounting policies for similar transactions and
kebijakan akuntansi yang sama dengan other events in similar circumstances.
kebijakan akuntansi yang diterapkan oleh
Bank untuk transaksi yang serupa dan
kejadian lain dalam keadaan yang serupa.
LAMPIRAN – 5/15 – SCHEDULE
582 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 585
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
d. Prinsip konsolidasian dan ekuitas (lanjutan) d. Consolidation principles and equity accounting
(continued)
d.1. Entitas Anak (lanjutan) d.1. Subsidiary (continued)
Akuisisi Entitas Anak dicatat dengan Acquisitions of Subsidiary are accounted for
menggunakan metode akuntansi pembelian. using the purchase method accounting. The
Biaya akuisisi diukur sebesar nilai wajar aset cost of an acquisition is measured at the fair
yang diserahkan dan saham yang diterbitkan value of the assets given up and shares issued
atau liabilitas yang diambil alih pada tanggal or liabilities assumed at the date of acquisition.
akuisisi. Kelebihan biaya akuisisi atas nilai The excess of the acquisition cost over the fair
wajar aset neto Entitas Anak dicatat sebagai value of the net assets of the Subsidiary
goodwill (Catatan 2s). acquired is recorded as goodwill (Note 2s).
Transaksi signifikan antar Bank dan Entitas Significant intercompany transactions,
Anak, saldo dan keuntungan signifikan yang balances and unrealized gains on transactions
belum direalisasi dari transaksi, dieliminasi. between the Bank and Subsidiary are
Kerugian yang belum direalisasi juga eliminated. Unrealized losses are also
dieliminasi, kecuali apabila harga perolehan eliminated unless cost cannot be recovered.
tidak dapat diperoleh kembali.
Bank mengukur kepentingan non-pengendali The Bank measures non-controlling interests
atas basis proporsional pada jumlah yang at its proportionate share of the recognized
diakui atas aset neto yang diidentifikasi pada amount of the identifiable net assets at
tanggal akuisisi. Kepentingan non-pengendali acquisition date. Non-controlling interests are
disajikan di ekuitas dalam laporan posisi presented within equity in the consolidated
keuangan konsolidasian, terpisah dari pemilik statement of financial position, separately from
entitas induk. Laba atau rugi dari setiap the equity holders of the parent entity. Profit or
komponen penghasilan komprehensif lain loss and each component of other
dialokasikan kepada pemilik entitas induk dan comprehensive income are allocated to the
kepentingan non-pengendali. equity holders of the parent entity and non-
controlling interests.
d.2. Entitas Asosiasi d.2. Associate Entity
Bank tidak lagi mengkonsolidasikan investasi Bank ceases to consolidate an investment
karena hilangnya pengendalian, maka because of a loss of control, any retained
kepentingan yang masih tersisa atas entitas interest in the entity is remeasured to its fair
diukur kembali berdasarkan nilai wajarnya, dan value at the date when the control is lost, with
perubahan nilai tercatat diakui dalam laporan the change in carrying amount recognized in
laba rugi. Nilai tercatat awal adalah sebesar profit or loss. The fair value is the initial
nilai wajar untuk kepentingan pengukuran carrying amount for the purposes of
kembali kepentingan yang tersisa sebagai subsequently accounting for the retained
Entitas Asosiasi. interest as an associate.
Entitas Asosiasi adalah entitas dimana Bank Associate is an entity over which the Bank has
memiliki pengaruh signifikan namun bukan significant influence but not control, generally
pengendalian, biasanya melalui kepemilikan accompanying a shareholding of between
hak suara antara 20% dan 50%. Investasi 20% and 50% of the voting rights. Investment
Entitas Asosiasi dicatat dengan metode in Associate is accounted for using the equity
ekuitas. method of accounting.
LAMPIRAN – 5/16 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 583
Page 586
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
d. Prinsip konsolidasian dan ekuitas (lanjutan) d. Consolidation principles and equity
accounting (continued)
d.2. Entitas Asosiasi (lanjutan) d.2. Associate Entity (continued)
Sesuai metode ekuitas, investasi selanjutnya Under the equity method, the investment is
disesuaikan untuk mengakui bagian Bank atas adjusted thereafter to recognize the Bank's
laba rugi pasca akuisisi dari Entitas Asosiasi share of the post-acquisition profits or losses
atas laba rugi, dan bagiannya dalam pergerakan of the Associate in profit or loss, and its share
pendapatan komprehensif lainnya dari Entitas of movements in other comprehensive income
Asosiasi atas pendapatan komprehensif lainnya. of Associate in other comprehensive income.
Jika bagian Bank atas kerugian Entitas Asosiasi When the Bank’s share of losses in an
sama dengan atau melebihi kepentingannya Associate equals or exceeds its interest in the
pada Entitas Asosiasi, termasuk piutang tanpa Associate, including any other unsecured
agunan, Bank menghentikan pengakuan bagian receivables, the Bank does not recognize
kerugiannya, kecuali Bank memiliki kewajiban further losses, unless it has incurred legal or
atau melakukan pembayaran atas nama Entitas constructive obligations or made payments on
Asosiasi. behalf of the Associate.
Dividen yang diterima dan yang akan diterima Dividends received or receivable from
dari Entitas Asosiasi diakui sebagai pengurang Associate is recognized as reduction in the
jumlah tercatat investasi. carrying amount of the investment.
Pada setiap tanggal pelaporan, Bank The Bank determines at each reporting date
menentukan apakah terdapat bukti objektif whether there is any objective evidence that
bahwa telah terjadi penurunan nilai pada the investment in the Associate is impaired. If
investasi pada Entitas Asosiasi. Jika demikian, this is the case, the carrying amount of the
maka nilai tercatat dari investasi yang dicatat equity accounting investments is tested for
dengan akuntansi ekuitas diuji untuk penurunan impairment.
nilai.
e. Penjabaran mata uang asing e. Foreign currency translation
e.1. Mata uang pelaporan e.1. Reporting currency
Laporan keuangan konsolidasian dinyatakan The consolidated financial statements are
dalam Rupiah, yang merupakan mata uang presented in Rupiah, which is the functional
fungsional Bank dan Entitas Anak. currency of the Bank and Subsidiary.
e.2. Transaksi dan saldo e.2. Transactions and balances
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in foreign currencies
dalam Rupiah dengan menggunakan kurs yang are translated into Rupiah at the exchange rates
berlaku pada tanggal transaksi. Pada tanggal prevailing at the transaction date. At the
pelaporan, aset dan liabilitas moneter dalam mata reporting date, monetary assets and liabilities
uang asing dijabarkan ke dalam Rupiah dengan denominated in foreign currencies are
kurs yang berlaku pada tanggal tersebut. translated into Rupiah using the exchange rates
prevailing at that date.
LAMPIRAN – 5/17 – SCHEDULE
584 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 587
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
e. Penjabaran mata uang asing (lanjutan) e. Foreign currency translation (continued)
e.2. Transaksi dan saldo (lanjutan) e.2. Transactions and balances (continued)
Keuntungan dan kerugian selisih kurs yang timbul Exchange gains and losses arising from
dari transaksi dalam mata uang asing dan dari transactions in foreign currencies and from the
penjabaran aset dan liabilitas moneter dalam mata translation of foreign currency monetary assets
uang asing, diakui pada laba rugi tahun berjalan. and liabilities are recognized to the current year
profit or loss.
Berikut ini adalah kurs mata uang asing utama yang Below are the major exchange rates used as of
digunakan pada bulan 31 Desember 2023 dan 31 December 2023 and 2022 using the Reuters’
2022 yang menggunakan kurs tengah Reuters pukul middle rates at 16:00 Western Indonesian Time (full
16:00 Waktu Indonesia Barat (nilai penuh): amount):
2023 2022
Dolar Amerika Serikat 15.397 15.568 United States Dollar
Dolar Australia 10.521 10.558 Australian Dollar
Dolar Singapura 11.676 11.593 Singapore Dollar
Euro Eropa 17.038 16.582 European Euro
Yen Jepang 109 118 Japanese Yen
Poundsterling Inggris 19.627 18.786 Great Britain Poundsterling
Dolar Hong Kong 1.971 1.997 Hong Kong Dollar
Franc Swiss 18.299 16.827 Swiss Franc
Baht Thailand 450 451 Thailand Baht
Dolar Selandia Baru 9.766 9.851 New Zealand Dollar
Dolar Canada 11.630 11.486 Canadian Dollar
Yuan China 2.170 2.239 China Yuan
Riyal Arab Saudi 4.106 4.139 Riyal Arab Saudi
Kroner Swedia 1.542 1.488 Swedia Kroner
f. Aset dan liabilitas keuangan f. Financial assets and liabilities
f.1. Klasifikasi f.1. Classification
Sesuai PSAK 71, terdapat tiga klasifikasi In accordance with PSAK 71, there are three
pengukuran aset keuangan: yaitu biaya perolehan measurement classifications for financial
diamortisasi, diukur pada nilai wajar melalui laba assets: amortized cost, fair value through profit
rugi (“FVTPL”), dan diukur pada nilai wajar melalui or loss (“FVTPL”) and fair value through other
penghasilan komprehensif lain (“FVOCI”). comprehensive income (“FVOCI”).
Aset keuangan diklasifikasikan menjadi kategori Financial assets are classified into these
tersebut di atas berdasarkan model bisnis dimana categories based on the business model within
aset keuangan tersebut dimiliki, dan karakteristik which they are held, and their contractual cash
arus kas kontraktualnya. Model bisnis flow characteristics. The business model
merefleksikan bagaimana kelompok aset reflects how groups of financial assets are
keuangan dikelola untuk mencapai tujuan bisnis managed to achieve a particular business
tertentu. objective.
LAMPIRAN – 5/18 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 585
Page 588
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.1. Klasifikasi (lanjutan) f.1. Classification (continued)
Aset keuangan hanya dapat dikategorikan sebagai Financial assets can only be categorized at
biaya perolehan diamortisasi jika instrumen dimiliki amortized cost if the instruments are held in order
dalam rangka mendapatkan arus kas kontraktual to collect the contractual cash flows (“hold to
(“hold to collect”), dan dimana arus kas kontraktual collect”), and where those contractual cash flows
tersebut semata dari pembayaran pokok dan bunga are solely payments of principal and interest
(“SPPI”). Pokok merupakan nilai wajar dari (“SPPI”). Principal represents the fair value of the
instrumen pada saat pengakuan awal. Bunga dalam instrument at the time of initial recognition. Interest
hal ini merupakan kompensasi untuk nilai waktu in this context represents compensation for the
uang dan risiko kredit terkait beserta kompensasi time value of money and associated credit risks
untuk risiko lain dan biaya yang konsisten dengan together with compensation for other risks and
persyaratan dalam peminjaman standar dan marjin costs consistent with a basic lending arrangement
laba. Kategori aset ini membutuhkan penilaian and a profit margin. This requires an assessment
persyaratan kontraktual pada saat pengakuan awal at initial recognition of the contractual terms to
untuk menentukan apakah kontrak mengandung determine whether it contains a term that could
persyaratan yang dapat mengubah waktu atau change the timing or amount of cash flows in a
jumlah dari arus kas yang tidak konsisten dengan way that is inconsistent with the SPPI criteria.
persyaratan SPPI.
Dalam menilai apakah arus kas kontraktual memiliki In assessing whether the contractual cash flows
karakteristik SPPI, Bank dan Entitas Anak have SPPI characteristics, the Bank and
mempertimbangkan persyaratan kontraktual atas Subsidiary considers the contractual terms of the
instrumen tersebut. Hal ini termasuk dalam hal instrument. This includes assessing whether the
menilai apakah aset keuangan mengandung financial asset contains a contractual term that
ketentuan kontraktual yang dapat mengubah waktu could change the timing or amount of contractual
atau jumlah arus kas kontraktual sehingga tidak cash flows such that it would not meet this
dapat memenuhi kondisi SPPI. Dalam melakukan condition. In making the assessment, the Bank
penilaian, Bank dan Entitas Anak and Subsidiary considers:
mempertimbangkan:
• Kejadian kontinjensi yang akan mengubah • Contingent events that would change the
jumlah dan waktu arus kas; amount and timing of cash flows;
• Fitur leverage; dan • Leverage features; and
• Persyaratan pelunasan dipercepat atau • Prepayment and extension terms.
perpanjangan fasilitas.
• Ketentuan yang membatasi klaim Bank atas • Terms that limit the Bank cash flows from
arus kas dari aset tertentu (seperti pinjaman specified assets (e.g. non-recourse loans);
non-recourse); dan and
• Fitur yang memodifikasi imbalan dari nilai • Features that modify consideration of the
waktu atas uang (seperti penetapan ulang time value of money (e.g. periodical reset of
suku bunga berkala). interest rates).
LAMPIRAN – 5/19 – SCHEDULE
586 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 589
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.1. Klasifikasi (lanjutan) f.1. Classification (continued)
Aset dapat dijual dari portofolio hold to collect ketika Assets may be sold out of hold to collect portfolios
terdapat peningkatan risiko kredit. Penghentian where there is an increase in credit risk. Disposals
untuk alasan lain diperbolehkan, namun jumlah for other reasons are permitted, but such sales
penjualan tersebut harus tidak signifikan jumlahnya should be insignificant in value or infrequent in
atau tidak sering. nature.
Aset keuangan berupa instrumen utang dimana Financial asset debt instruments where the
tujuan model bisnis dicapai dengan mendapatkan business model objectives are achieved by
arus kas kontraktual dan menjual aset (“hold to collecting the contractual cash flows and by selling
collect and sell”/”HTCS”) dan memiliki arus kas the assets (“hold to collect and sell”/”HTCS”) and
SPPI, diklasifikasikan sebagai FVOCI, dengan laba that have SPPI cash flows are classified as
rugi yang belum direalisasi ditangguhkan di FVOCI, with unrealized gains or losses deferred in
pendapatan komprehensif lain sampai aset tersebut other comprehensive income until the asset is
dihentikan. derecognized.
Seluruh aset keuangan lainnya akan diklasifikasikan All other financial assets will be classified at
sebagai FVTPL. Aset keuangan dapat ditetapkan FVTPL. Financial assets may be designated at
sebagai FVTPL hanya jika ini dapat mengeliminasi FVTPL only if doing so eliminates or reduces an
atau mengurangi accounting mismatch. accounting mismatch.
Penilaian model bisnis Business model assessment
Model bisnis mengacu pada bagaimana aset Business model refers to how financial assets are
keuangan dikelola bersama untuk menghasilkan managed together to generate cash flows for the
arus kas untuk Bank dan Entitas Anak. Arus kas Bank and Subsidiary. This may be collecting
mungkin dihasilkan dengan menerima arus kas contractual cash flows, selling financial assets or
kontraktual, menjual aset keuangan atau keduanya. both. Business models are determined at a level
Model bisnis ditentukan pada tingkat agregasi di of aggregation where groups of assets are
mana kelompok aset dikelola bersama untuk managed together to achieve a particular objective
mencapai tujuan tertentu dan tidak bergantung pada and do not depend on management's intentions
niat manajemen pada instrumen individual. for individual instruments.
Bank dan Entitas Anak menilai model bisnis pada The Bank and Subsidiary assesses the business
aset keuangan setidaknya pada tingkat lini bisnis model of financial assets at least at business line
atau pada di mana terdapat variasi mandat/tujuan level or where there are varying mandates or
dalam lini bisnis, pada lini bisnis produk atau pada objectives within a business line, at a more
tingkat desk yang lebih granular (misalnya, sub- granular product business line or desk level (i.e.,
portofolio atau sub-lini bisnis). sub-portfolios or sub-business lines).
Penentuan model bisnis dilakukan dengan Business model determinations are made
mempertimbangkan semua bukti relevan yang considering all relevant evidence that is available
tersedia pada tanggal penilaian. Ini termasuk, tetapi at the date of the assessment. This includes, but
tidak terbatas pada: is not limited to:
- bagaimana kinerja bisnis dan aset keuangan - how the performance of the business and the
yang ada di dalam unit bisnis itu dievaluasi dan financial assets held within that business unit
dilaporkan kepada manajemen. Tingkat are evaluated and reported to management.
pemisahan yang diidentifikasi untuk klasifikasi The level of segregation identified for PSAK
PSAK 71 harus konsisten dengan bagaimana 71 classification should be consistent with
portofolio aset dipisahkan dan dilaporkan how asset portfolios are segregated and
kepada manajemen; reported to senior management;
LAMPIRAN – 5/20 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 587
Page 590
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.1. Klasifikasi (lanjutan) f.1. Classification (continued)
Penilaian model bisnis (lanjutan) Business model assessment (continued)
- risiko yang mempengaruhi kinerja unit bisnis - the risks that affect the performance of the
dan aset keuangan yang dimiliki dalam unit business unit and the financial assets held
bisnis itu dan khususnya bagaimana risiko itu within that business unit and in particular the
dikelola; dan way those risks are managed; and
- bagaimana manajer unit bisnis dikompensasi - how managers of the business unit are
(misalnya, apakah kompensasi didasarkan compensated (for example, whether the
pada nilai wajar dari aset yang dikelola atau compensation is based on the fair value of the
pada arus kas kontraktual yang dikumpulkan). assets managed or on the contractual cash
flows collected.
Penentuan model bisnis dilakukan berdasarkan Business model determinations are made on the
skenario yang diperkirakan akan terjadi oleh Bank basis of scenarios that the Bank and Subsidiary
dan Entitas Anak dan tidak dalam kondisi sangat reasonably expects to occur and not under highly
tertekan atau 'kondisi terburuk'. Jika aset dijual stressed or 'worst case' conditions. Where assets
dalam kondisi yang tidak diharapkan oleh are disposed of under conditions that the
Perseroan untuk berlaku ketika aset diakui, Company did not reasonably expect to prevail
klasifikasi aset keuangan yang ada dalam portofolio when the assets were recognized, the
tidak disajikan secara tidak akurat, tetapi kondisi classification of existing financial assets in the
tersebut harus dipertimbangkan untuk aset yang portfolio are not rendered inaccurate but the
diperoleh di masa mendatang. conditions in question should be considered for
any assets acquired going forward.
Pemilihan model operasi dalam PSAK 71 dirancang The Targeting Operating Model for PSAK 71 is
sedemikian rupa sehingga akuntansi untuk designed such that accounting for instruments at
instrumen di FVTPL adalah pilihan yang FVTPL is a conscious choice.
tepat/conscious.
Perubahan pada model bisnis atau pengenalan Changes to business models or the introduction of
model bisnis baru ditentukan melalui proses new business models are determined through the
persetujuan unit bisnis baru. new business unit approval process.
Bank dan Entitas Anak dapat mereklasifikasi The Bank and Subsidiary can reclassified all of its
seluruh aset keuangan yang terpengaruh jika dan financial assets when and only, its business model
hanya jika, model bisnis untuk pengelolaan aset for managing those financial assets changes.
keuangan berubah.
Liabilitas keuangan Financial liabilities
Liabilitas keuangan diklasifikasikan ke dalam Financial liabilities are classified into the following
kategori berikut pada saat pengakuan awal: categories on initial recognition:
i. Liabilitas keuangan yang diukur nilai wajar i. Financial liabilities held at fair value through
melalui laba rugi baik yang dipersyaratkan profit or loss are either mandatorily classified
diukur pada nilai wajar melalui laba rugi atau fair value through profit or loss or irrevocably
ditetapkan pada nilai wajar pada saat designated at fair value through profit or loss
pengakuan awal; dan at initial recognition; and
ii. Liabilitas keuangan yang tidak diukur pada nilai ii. Financial liabilities that are not classified as
wajar melalui laba rugi, akan diklasifikasikan financial liabilities held at fair value through
sebagai liabilitas dengan biaya perolehan profit or loss are classified as financial
diamortisasi. liabilities held at amortized cost.
LAMPIRAN – 5/21 – SCHEDULE
588 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 591
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.2. Pengakuan f.2. Recognition
Bank dan Entitas Anak pada awalnya mengakui The Bank and its Subsidiary initially recognize
transaksi keuangan pada tanggal dimana financial instrument transactions on the date at
Bank/Entitas Anak menjadi suatu pihak dalam which the Bank/Subsidiary become a party to
perjanjian kontraktual instrumen tersebut. Bank the contractual agreement of the instrument.
mengakui pembelian dan penjualan aset The Bank recognized purchases and sales of
keuangan pada tanggal perdagangan sementara financial assets on the trade date while the
Entitas Anak mengakuinya pada tanggal subsidiary recognized it on the settlement date.
penyelesaian.
Pada saat pengakuan awal, aset keuangan atau A financial asset or financial liability is initially
liabilitas keuangan diukur pada nilai wajar measured at fair value plus (for an item not
ditambah (untuk item yang tidak diukur pada nilai subsequently measured at fair value through
wajar melalui laba rugi setelah pengakuan awal) profit or loss) transaction costs that are directly
biaya transaksi yang dapat diatribusikan secara attributable to financial assets acquisition or
langsung atas perolehan aset keuangan atau financial liabilities issuance. The subsequent
penerbitan liabilitas keuangan. Pengukuran aset measurement of financial assets and financial
keuangan dan liabilitas keuangan setelah liabilities depends on their classification.
pengakuan awal tergantung pada klasifikasi aset
keuangan dan liabilitas keuangan tersebut.
Biaya transaksi hanya meliputi biaya-biaya yang Transaction costs include only those costs that
dapat diatribusikan secara langsung untuk are directly attributable to the acquisition of a
perolehan suatu aset keuangan atau penerbitan financial asset or issuance of a financial liability
suatu liabilitas keuangan dan merupakan biaya and are incremental costs that would not have
tambahan yang tidak akan terjadi apabila been incurred if the financial instruments had
instrumen keuangan tersebut tidak diperoleh atau not been acquired or issued.
diterbitkan.
Aset keuangan yang diukur pada nilai wajar Financial assets measured at fair value through
melalui laporan laba rugi pada awalnya dicatat profit or loss are initially recognized at fair value,
sebesar nilai wajar dan biaya transaksinya and transaction costs are expensed in the profit
dibebankan pada laporan laba rugi. Aset or loss. Financial assets measured at fair value
keuangan yang diukur pada nilai wajar melalui through other comprehensive income and
penghasilan komprehensif lain dan aset financial assets measured at fair value through
keuangan yang diukur pada nilai wajar melalui profit or loss are subsequently measured at fair
laporan laba rugi selanjutnya dicatat sebagai nilai value. Financial assets classified as amortized
wajar. Aset keuangan yang diklasifikasikan cost are measured at amortized cost using the
sebagai biaya perolehan diamortisasi dicatat effective interest rate method.
sebesar biaya perolehan diamortisasi dengan
menggunakan metode suku bunga efektif.
Untuk liabilitas keuangan, biaya transaksi For financial liabilities, transaction costs are
dikurangkan dari jumlah utang yang diakui pada deducted from the amount of debt initially
pengakuan awal liabilitas. Biaya transaksi recognized. Such transactions costs are
tersebut diamortisasi selama umur instrumen amortized over the terms of the instruments
berdasarkan metode suku bunga efektif dan based on the effective interest rate method and
dicatat sebagai bagian dari beban bunga. are recorded as part of interest expense.
LAMPIRAN – 5/22 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 589
Page 592
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.3. Penghentian pengakuan f.3. Derecognition
Bank dan Entitas Anak menghentikan pengakuan The Bank and Subsidiary derecognize a
aset keuangan pada saat hak kontraktual atas financial asset when the contractual rights to the
arus kas yang berasal dari aset keuangan cash flows from the asset expire, or when the
tersebut berakhir, atau pada saat Bank dan Bank and Subsidiary transfer the rights to
Entitas Anak mentransfer seluruh hak untuk receive the contractual cash flows on the
menerima arus kas kontraktual dari aset financial asset in a transaction in which
keuangan dalam transaksi dimana Bank dan substantially all the risks and rewards of
Entitas Anak secara substansial telah ownership of the financial asset are transferred.
mentransfer seluruh risiko dan manfaat atas Any interest in transferred financial asset that is
kepemilikan aset keuangan yang ditransfer. created or retained by the Bank and Subsidiary
Setiap hak atau liabilitas atas aset keuangan is recognized as a separate asset or liability.
yang ditransfer yang timbul atau yang masih
dimiliki oleh Bank dan Entitas Anak diakui
sebagai aset atau liabilitas secara terpisah.
Bank dan Entitas Anak menghentikan pengakuan The Bank and Subsidiary derecognize a
liabilitas keuangan pada saat kewajiban yang financial liability when its contractual obligations
ditetapkan dalam kontrak dilepaskan atau are discharged or cancelled or expired.
dibatalkan atau kadaluwarsa.
Bank dan Entitas Anak melakukan transaksi The Bank and Subsidiary enter into transactions
dimana Bank mentransfer aset yang diakui pada whereby they transfer assets recognized on
laporan posisi keuangan konsolidasian, tetapi their consolidated statements of financial
masih memiliki semua risiko dan manfaat atas position, but retain all risks and rewards of the
aset yang ditransfer atau bagian darinya. Jika transferred assets or a portion of them. If all or
seluruh atau secara substansial seluruh risiko substantially all risks and rewards are retained,
dan manfaat masih dimiliki, maka aset yang then the transferred assets are not
ditransfer tidak dihentikan pengakuannya dari derecognized from the consolidated statements
laporan posisi keuangan konsolidasian. of financial position.
Dalam transaksi dimana Bank dan Entitas Anak In transactions in which the Bank and Subsidiary
secara substansial tidak memiliki atau tidak neither retain nor transfer substantially all the
mentransfer seluruh risiko dan manfaat dari risks and rewards of ownership of a financial
kepemilikan aset keuangan, Bank dan Entitas asset, the Bank and Subsidiary derecognize the
Anak menghentikan pengakuan aset tersebut jika asset if they do not retain control over the
Bank dan Entitas Anak tidak lagi memiliki assets. The rights and obligations retained in the
pengendalian atas aset tersebut. Hak dan transfer are recognized separately as assets
kewajiban yang masih dimiliki dalam transfer and liabilities as appropriate. In transfers in
tersebut diakui secara terpisah sebagai aset atau which control over the asset is retained, the
liabilitas. Dalam transfer dimana pengendalian Bank and Subsidiary continue to recognize the
atas aset masih dimiliki, Bank dan Entitas Anak asset to the extent of their continuing
mengakui aset yang ditransfer tersebut sebesar involvement, determined by the extent to which
keterlibatan berkelanjutan, dimana tingkat they are exposed to changes in the value of the
keberlanjutan Bank dan Entitas Anak dalam aset transferred asset.
yang ditransfer adalah sebesar perubahan nilai
aset yang ditransfer.
LAMPIRAN – 5/23 – SCHEDULE
590 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 593
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.4. Saling hapus f.4. Offsetting
Aset dan liabilitas keuangan dapat saling hapus Financial assets and liabilities are set off and the
dan nilai netonya disajikan dalam laporan posisi net amount is presented in the consolidated
keuangan konsolidasian jika, dan hanya jika, statements of financial position when, and only
Bank dan Entitas Anak memiliki hak yang when, the Bank and Subsidiary have a legal
berkekuatan hukum untuk melakukan saling right to set off the amounts and intend either to
hapus atas jumlah yang telah diakui tersebut dan settle on a net basis or realize the asset and
berniat untuk menyelesaikan secara neto atau settle the liability simultaneously. The legally
untuk merealisasikan aset dan menyelesaikan enforceable right must not be contingent on
liabilitasnya secara simultan. Hak yang future events and must be enforceable in the
berkekuatan hukum bukan bersifat kontinjen normal course of business and in the event of
untuk suatu peristiwa dimasa depan dan harus default, insolvency or Bankruptcy of the Bank or
dapat dipaksakan secara hukum baik dalam the counterparty.
situasi bisnis yang normal, atau dalam peristiwa
gagal bayar, atau peristiwa kepailitan atau
kebangkrutan, dari Bank atau pihak lawan.
Pendapatan dan beban disajikan dalam jumlah Income and expense are presented on a net
neto hanya jika diperkenankan oleh standar basis only when permitted by accounting
akuntansi. standards.
Jumlah yang tidak di saling hapus dalam laporan Amounts not offset in the statement of
posisi keuangan konsolidasian adalah consolidated financial position are related to:
sehubungan dengan:
i. Jumlah yang dapat di saling hapus dari i. The counterparties’ offsetting
transaksi pihak lawan dengan Bank exposures with the Bank where the right
dimana hak saling hapus hanya to set-off is only enforceable in the event
berkekuatan hukum pada peristiwa gagal of default, insolvency or Bankruptcy of
bayar, atau peristiwa kepailitan atau the counterparties; and
kebangkrutan dari pihak lawan; dan
ii. Kas dan surat berharga yang diterima ii. Cash and securities that are received
dari atau dijaminkan oleh pihak lawan. from or pledged with counterparties.
f.5. Pengukuran biaya perolehan diamortisasi f.5. Amortized cost measurement
Biaya perolehan diamortisasi dari aset keuangan The amortized cost of a financial asset or
atau liabilitas keuangan adalah jumlah aset atau financial liability is the amount at which the
liabilitas keuangan yang diukur pada saat financial asset or liability is measured at initial
pengakuan awal dikurangi pembayaran pokok, recognition, minus principal repayments, plus or
ditambah atau dikurangi dengan amortisasi minus the cumulative amortization using the
kumulatif dengan menggunakan metode suku effective interest method of any difference
bunga efektif yang dihitung dari selisih antara nilai between the initial amount recognized and the
awal dan nilai jatuh temponya, dan dikurangi maturity amount, minus allowance for expected
cadangan kerugian kredit ekspektasian. credit losses.
LAMPIRAN – 5/24 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 591
Page 594
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.6. Pengukuran nilai wajar f.6. Fair value measurement
Entitas mengukur nilai wajar suatu aset atau An entity shall measure the fair value of an
liabilitas menggunakan asumsi yang akan asset or a liability using the assumptions that
digunakan pelaku pasar ketika menentukan market participants would use when pricing the
harga aset atau liabilitas tersebut, dengan asset or liability, assuming that market
asumsi bahwa pelaku pasar bertindak dalam participants act in their economic best interest.
kepentingan ekonomik terbaiknya.
Jika pasar untuk suatu instrumen keuangan tidak If a market for a financial instrument is not
aktif, Bank dan Entitas Anak menentukan nilai active, the Bank and Subsidiary establish fair
wajar dengan menggunakan teknik penilaian. value using a valuation technique. Valuation
Teknik penilaian mencakup penggunaan techniques include using recent arm’s length
transaksi pasar terkini yang dilakukan secara transactions between knowledgeable, willing
wajar oleh pihak-pihak yang memahami, parties and if available, reference to the current
berkeinginan, dan jika tersedia, referensi atas fair value of other instruments that are
nilai wajar terkini dari instrumen lain yang secara substantially the same, discounted cash flows
substansial sama, penggunaan analisa arus kas analysis, and option pricing models. The
yang didiskonto, dan penggunaan model chosen valuation technique makes maximum
penetapan harga opsi (option pricing model). use of market inputs, relies as little as possible
Teknik penilaian yang dipilih memaksimalkan on estimates specific to the Bank and
penggunaan input pasar, dan meminimalkan Subsidiary, incorporates all factors that market
penggunaan estimasi yang bersifat spesifik dari participants would consider in setting a price,
Bank dan Entitas Anak, memasukkan semua and is consistent with accepted economic
faktor yang akan dipertimbangkan oleh para methodologies for pricing financial instruments.
pelaku pasar dalam menetapkan suatu harga
dan konsisten dengan metodologi ekonomi yang
diterima dalam penetapan harga instrumen
keuangan.
Input yang digunakan dalam teknik penilaian Inputs to valuation techniques reasonably
secara memadai mencerminkan ekspektasi represent market expectations and measures of
pasar dan ukuran atas faktor risiko dan the risk-return factors inherent in the financial
pengembalian (risk-return) yang melekat pada instrument. The Bank and Subsidiary calibrate
instrumen keuangan. Bank dan Entitas Anak valuation techniques and test them for validity
mengkalibrasi teknik penilaian dan menguji using prices from observable current market
validitasnya dengan menggunakan harga-harga transactions in the same instrument or based on
dari transaksi pasar terkini yang dapat other available observable market data.
diobservasi untuk instrumen yang sama atau
atas dasar data pasar lainnya yang tersedia yang
dapat diobservasi.
LAMPIRAN – 5/25 – SCHEDULE
592 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 595
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.6. Pengukuran nilai wajar (lanjutan) f.6. Fair value measurement (continued)
Bukti terbaik atas nilai wajar instrumen The best evidence of the fair value of a
keuangan pada saat pengakuan awal adalah financial instrument at initial recognition is the
harga transaksi, yaitu nilai wajar dari transaction price, i.e., the fair value of the
pembayaran yang diberikan atau diterima, consideration given or received, unless the
kecuali jika nilai wajar dari instrumen keuangan fair value of that instrument is evidenced by
tersebut ditentukan dengan perbandingan comparison with other observable current
terhadap transaksi pasar terkini yang dapat market transactions in the same instrument
diobservasi dari suatu instrumen yang sama (i.e., without modification or repackaging) or
(yaitu tanpa modifikasi atau pengemasan based on a valuation technique whose
ulang) atau berdasarkan suatu teknik penilaian variables include only data from observable
yang variabelnya hanya menggunakan data markets.
dari pasar yang dapat diobservasi.
Jika harga transaksi memberikan bukti terbaik When transaction price provides the best
atas nilai wajar pada saat pengakuan awal, evidence of fair value at initial recognition, the
maka instrumen keuangan pada awalnya financial instrument is initially measured at
diukur pada harga transaksi dan selisih antara the transaction price and any difference
harga transaksi dan nilai yang sebelumnya between this price and the value initially
diperoleh dari model penilaian diakui dalam obtained from a valuation model is
laba rugi setelah pengakuan awal tergantung subsequently recognized profit or loss
pada masing-masing fakta dan keadaan dari depending on the individual facts and
transaksi tersebut namun tidak lebih lambat circumstances of the transaction but not later
dari saat penilaian tersebut didukung than when the valuation is supported wholly
sepenuhnya oleh data dari pasar yang dapat by observable market data or the transaction
diobservasi atau saat transaksi ditutup. is closed out.
Nilai wajar mencerminkan risiko kredit atas Fair values reflect the credit risk of the
instrumen keuangan dan termasuk instrument and include adjustments to take
penyesuaian yang dilakukan untuk into account the credit risk of the
memasukkan risiko kredit Bank/Entitas Anak Bank/Subsidiary and counterparty where
dan pihak lawan, mana yang lebih sesuai. appropriate. Estimated fair values obtained
Estimasi nilai wajar yang diperoleh dari model from models are adjusted for any other
penilaian akan disesuaikan untuk factors, such as liquidity risk or model
mempertimbangkan faktor-faktor lainnya, uncertainties, to the extent that the Bank and
seperti risiko likuiditas atau ketidakpastian Subsidiary believe a third-party market
model penilaian, sepanjang Bank dan Entitas participation would take them into account in
Anak yakin bahwa pelaku pasar pihak ketiga pricing a transaction.
akan mempertimbangkan faktor-faktor tersebut
dalam penetapan harga suatu transaksi.
LAMPIRAN – 5/26 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 593
Page 596
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
f.6. Pengukuran nilai wajar (lanjutan) f.6. Fair value measurement (continued)
Aset keuangan dan posisi long diukur Financial assets and long positions are
menggunakan harga penawaran, liabilitas measured at a bid price, financial liabilities
keuangan dan posisi short diukur and short positions are measured at an ask
menggunakan harga permintaan. Jika Bank price. Where the Bank and Subsidiary have
dan Entitas Anak memiliki posisi aset dan positions with offsetting risk, mid-market
liabilitas dimana risiko pasarnya saling hapus, prices are used to measure the offsetting risk
maka Bank dan Entitas Anak dapat positions and a bid or ask price adjustment is
menggunakan nilai tengah dari harga pasar applied only to the net open position as
sebagai dasar untuk menentukan nilai wajar appropriate.
posisi risiko yang saling hapus tersebut dan
menerapkan penyesuaian terhadap harga
penawaran atau harga permintaan terhadap
posisi terbuka neto (net open position), mana
yang lebih sesuai.
• Bank dan Entitas Anak mengklasifikasikan • The Bank and Subsidiary classify fair value
pengukuran nilai wajar dengan measurements using a fair value hierarchy
menggunakan hirarki nilai wajar yang that reflects the significance of the inputs
mencerminkan signifikansi input yang used in making the measurements. The fair
digunakan dalam melakukan pengukuran. value hierarchy shall have the followings
Hirarki nilai wajar memiliki tingkat sebagai levels:
berikut:
i. Harga kuotasian (tidak disesuaikan) i. Quoted prices (unadjusted) in active
dalam pasar aktif untuk aset dan liabilitas markets for identical assets or liabilities
yang identik (Tingkat 1); (Level 1);
ii. Input selain harga kuotasian yang ii. 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 (example, derived
secara tidak langsung (misalnya derivasi from prices) (Level 2); and
dari harga) (Tingkat 2); dan
iii. Input untuk aset dan liabilitas yang bukan iii. Inputs for the asset and liability that are
berdasarkan data pasar yang dapat not based on observable market data
diobservasi (input yang tidak dapat (unobservable inputs) (Level 3).
diobservasi) (Tingkat 3).
LAMPIRAN – 5/27 – SCHEDULE
594 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 597
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
instruments
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Bank dan Entitas Anak mengklasifikasikan The Bank and Subsidiary classify the financial
instrumen keuangan ke dalam klasifikasi tertentu instruments into classes that reflect the nature of
yang mencerminkan sifat dari informasi dan information and take into account the
mempertimbangkan karakteristik dari instrumen characteristics of those financial instruments. The
keuangan tersebut. Klasifikasi ini dapat dilihat pada classification can be seen in the table below:
tabel berikut:
Golongan (ditentukan oleh Bank
dan Entitas Anak)/Class
Kategori instrumen keuangan/ (as determined by the Bank and
Category of financial instrument Subsidiary) Sub-golongan/Sub-classes
Aset keuangan yang diukur Efek-efek/Marketable securities
pada nilai wajar melalui laba Obligasi Pemerintah/Government Bonds
rugi/Financial assets at fair
Tagihan derivatif - Tidak terkait lindung nilai/Derivative receivables - Non hedging
value through profit or loss
related
Kas/Cash
Giro pada Bank Indonesia/Current accounts with Bank Indonesia
Giro pada Bank lain/Current accounts with other Banks
Penempatan pada Bank lain dan Bank Indonesia/Placements with other Banks and
Bank Indonesia
Aset keuangan diukur pada Pinjaman yang diberikan/Loans
biaya perolehan
Efek-efek/Marketable securities
diamortisasi/Financial assets
Aset Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased under resale
at amortized cost
keuangan/ agreements
Financial Piutang pembiayaan konsumen/Consumer financing receivables
assets Piutang sewa pembiayaan/Finance lease receivables
Tagihan akseptasi/Acceptance receivables
Beban dibayar dimuka dan aset lain-lain/Prepayments and other assets
Aset keuangan yang diukur
pada nilai wajar melalui Efek-efek/Marketable securities
penghasilan komprehensif
lain/Financial assets at fair Obligasi Pemerintah/Government Bonds
value through other
comprehensive income Investasi dalam saham/Investments in shares
Tagihan derivatif - Terkait lindung nilai atas
Derivatif lindung nilai/Hedging Lindung nilai atas arus kas/Hedging arus kas/Derivative receivables -
derivatives instruments in cash flow hedges Hedging instruments in cash flow hedges
related
Liabilitas keuangan yang Liabilitas derivatif - Bukan lindung
Liabilitas keuangan dalam
diukur pada nilai wajar nilai/Derivatives liabilities - Non hedging
kelompok
melalui laba rugi/Financial Liabilitas derivatif - terkait lindung nilai atas
diperdagangkan/Financial liabilities
liabilities at fair value through arus kas/Derivative liabilities - Hedging
held for trading
profit or loss instruments in cash flow hedges related
Simpanan nasabah/Deposits from customers
Liabilitas Simpanan dari Bank lain/Deposits from other Banks
keuangan/ Efek yang dijual dengan janji dibeli kembali/Securities sold under repurchase
Financial Liabilitas keuangan yang agreements
liabilities diukur dengan biaya Utang akseptasi/Acceptance payables
perolehan Utang obligasi/Bonds payable
diamortisasi/Financial Sukuk mudharabah/Mudharabah bonds
liabilities at amortized cost Pinjaman yang diterima/Borrowings
Pinjaman subordinasi/Subordinated loan
Beban yang masih harus dibayar dan liabilitas lain-lain/Accrued expenses and
other liabilities
LAMPIRAN – 5/28 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 595
Page 598
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan Reclassification of financial assets
Bank dan Entitas Anak diperkenankan untuk The Bank and Subsidiary shall reclassify financial
mereklasifikasi atas aset keuangan jika dan hanya assets when and only when its business model for
jika terdapat perubahan model bisnis dalam managing those assets changes. The
mengelola aset keuangan tersebut. Reklasifikasi reclassification takes place from the start of the first
dilakukan pada awal tahun pelaporan setelah reporting year following the change. Such changes
terjadinya perubahan. Perubahan tersebut are expected to be very infrequent and none
diharapkan frekuensinya sangat rendah dan tidak occurred during this year.
ada yang terjadi pada tahun ini.
h. Giro pada Bank Indonesia dan Bank lain h. Current accounts with Bank Indonesia and
other Banks
Giro pada Bank Indonesia dan giro pada Bank lain Subsequent to initial recognition, current accounts
setelah pengakuan awal dicatat pada biaya with Bank Indonesia and other Banks were carried
perolehan diamortisasi dengan menggunakan at amortized cost using effective interest rate
metode suku bunga efektif pada laporan posisi method in the consolidated statements of financial
keuangan konsolidasian. position.
Giro Wajib Minimum Statutory Reserves Requirement
Sesuai dengan Peraturan BI mengenai Giro Wajib In accordance with prevailing BI Regulation
Minimum Bank Umum dalam Rupiah dan Mata Uang concerning Commercial Banks’ Statutory
Asing, Bank diwajibkan untuk menempatkan Reserves Requirement in Rupiah and Foreign
sejumlah persentase tertentu atas simpanan Currency, the Bank is required to place certain
nasabah pada BI. percentage of deposits from customers with BI.
i. Penempatan pada Bank lain dan Bank Indonesia i. Placements with other Banks and Bank
Indonesia
Penempatan pada Bank lain dan Bank Indonesia Placements with other Banks and Bank Indonesia
pada awalnya diukur pada nilai wajar ditambah biaya are initially measured at fair value plus incremental
transaksi yang dapat diatribusikan secara langsung, directly attributable transaction costs, and
dan setelah pengakuan awal diukur pada biaya subsequently measured at their amortized cost
perolehan diamortisasi dengan menggunakan using the effective interest rate method.
metode suku bunga efektif.
j. Efek-efek dan Obligasi Pemerintah j. Marketable securities and Government Bonds
Efek-efek terdiri dari Sertifikat BI (“SBI”), Sekuritas Marketable securities consist of BI Certificates
Rupiah Bank Indonesia (“SRBI”), wesel ekspor, (“SBI”), Bank Indonesia Rupiah Securities
obligasi (termasuk obligasi korporasi yang (“SRBI”), export bills, bonds (including corporate
diperdagangkan di bursa efek, obligasi syariah bonds traded on the stock exchange, ijarah sharia
ijarah, dan obligasi syariah mudharabah), fixed rate bonds, and mudharabah sharia bonds), fixed rate
notes, promissory notes, dan efek utang lainnya. notes, promissory notes, and other debt securities.
Diukur pada biaya perolehan amortisasi Measured at amortized cost
Efek-efek yang diukur pada biaya perolehan After initial recognition, securities held at amortized
diamortisasi, setelah pengakuan awal, diamortisasi cost is amortized using the effective interest rate.
dengan menggunakan suku bunga efektif.
LAMPIRAN – 5/29 – SCHEDULE
596 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 599
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
j. Efek-efek dan Obligasi Pemerintah (lanjutan) j. Marketable securities and Government Bonds
(continued)
Diukur pada FVOCI Measured at FVOCI
Efek-efek yang diukur pada FVOCI, setelah Securities held at FVOCI are subsequently carried
pengakuan awal akan diukur pada nilai wajar at fair value with all unrealized gains and losses
dimana keuntungan dan kerugian yang belum arising from changes in fair value recognized in
direalisasi atas perubahan nilai wajar akan diakui other comprehensive income and accumulated in
sebagai penghasilan komprehensif lain dan separate component in other equity component.
diakumulasikan pada komponen terpisah pada On derecognition, the cumulative fair value gains
komponen ekuitas lainnya. Pada saat penghentian or losses, net of the cumulative expected credit
pengakuan, akumulasi keuntungan atau kerugian loss reserve, are transferred to the profit or loss.
nilai wajar, bersih setelah akumulasi cadangan
kerugian kredit ekspektasian, ditransfer ke laba rugi.
Diukur pada FVTPL Measured at FVTPL
Efek-efek yang dipersyaratkan diukur atas nilai For securities mandatorily held at fair value through
wajar melalui laba rugi, setelah pengakuan awal profit or loss are subsequently carried at fair value
akan diukur pada nilai wajar dimana keuntungan with gains or losses arising from the changes in fair
dan kerugian yang timbul akibat perubahan nilai value recorded in other operating income.
wajar dicatat dalam pendapatan operasional
lainnya.
Bank menerapkan persyaratan penurunan nilai The Bank apply the impairment requirements for
untuk pengakuan dan pengukuran penyisihan the recognition and measurement of a loss
kerugian untuk aset keuangan yang diukur pada allowance for financial assets that are measured at
nilai wajar melalui penghasilan komprehensif lain, fair value through other comprehensive income,
namun penyisihan kerugian diakui dalam however, the loss allowance shall be recognized in
penghasilan komprehensif lainnya dan tidak other comprehensive income and shall not reduce
mengurangi jumlah tercatat aset keuangan dalam the carrying amount of the financial asset in the
laporan posisi keuangan. statement of financial position.
Bank dan Entitas Anak menentukan klasifikasi The Bank and Subsidiary determine the
investasi pada sukuk berdasarkan model usaha classification of their investment in sukuk based on
dengan mengacu pada PSAK 110, “Akuntansi business model in accordance with PSAK 110,
Sukuk” sebagai berikut: “Accounting for Sukuk” as follows:
• Diukur pada biaya perolehan • Acquisition cost
Apabila investasi tersebut dimiliki dalam suatu If the investment is held within a business
model usaha yang bertujuan utama untuk model that aims to acquire assets in order to
memperoleh arus kas kontraktual dan terdapat collect contractual cash flows and there is a
persyaratan kontraktual dalam menentukan contractual requirement to determine the
tanggal tertentu pembayaran pokok dan/atau specific date of principal payments and/or the
hasilnya. result.
Pada saat pengukuran awal, investasi dicatat At the initial measurement, the investment is
sebesar biaya perolehan dan biaya perolehan ini recorded at acquisition cost which includes the
termasuk biaya transaksi. Setelah pengakuan transaction cost. After the initial recognition, the
awal, investasi pada sukuk ini diukur pada nilai investment in sukuk is measured at amortized
perolehan yang diamortisasi. Selisih antara cost. The difference between acquisition cost
biaya perolehan dan nilai nominal diamortisasi and nominal value is amortized using straight-
secara garis lurus selama jangka waktu line method during the period of the sukuk
instrumen sukuk. instrument.
LAMPIRAN – 5/30 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 597
Page 600
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
j. Efek-efek dan Obligasi Pemerintah (lanjutan) j. Marketable securities and Government Bonds
(continued)
Bank dan Entitas Anak menentukan klasifikasi The Bank and Subsidiary determine the
investasi pada sukuk berdasarkan model usaha classification of their investment in sukuk based on
dengan mengacu pada PSAK 110, “Akuntansi business model in accordance with PSAK 110,
Sukuk” sebagai berikut: (lanjutan) “Accounting for Sukuk” as follows: (continued)
• Nilai wajar melalui laba rugi • Fair value through profit or loss
Pada saat pengakuan awal, investasi pada At the initial recognition, the investment in
sukuk dalam klasifikasi ini dicatat sebesar harga sukuk is presented at acquisition cost which
perolehan, namun harga perolehan tersebut does not include transaction cost.
tidak termasuk biaya transaksi.
Setelah pengakuan awal, investasi pada sukuk After initial recognition, the investment in sukuk
diakui pada nilai wajar. Selisih antara nilai wajar is recognized at-fair-value. The difference
dan jumlah tercatat diakui dalam laba rugi. between fair value and recorded amount is
recognized in profit or loss.
• Nilai wajar melalui penghasilan komprehensif • Fair value through other comprehensive
lain income
Pada saat pengakuan awal, investasi pada At the initial recognition, the investment in
sukuk dalam klasifikasi ini dicatat sebesar harga sukuk is presented at acquisition cost which
perolehan dan biaya perolehan ini termasuk includes transaction cost.
biaya transaksi.
Setelah pengakuan awal, investasi pada sukuk After initial recognition, the investment in sukuk
diakui pada nilai wajar. Selisih antara nilai wajar is recognized at-fair-value. The difference
dan jumlah tercatat diakui dalam penghasilan between fair value and recorded amount is
komprehensif lain. Selisih antara biaya recognized in other comprehensive income.
perolehan dan nilai nominal diamortisasi secara The difference between acquisition cost and
garis lurus selama jangka waktu instrumen nominal value is amortized using straight-line
sukuk dan diakui dalam laba rugi. method during the period of the sukuk
instrument and recognized in profit or loss.
k. Efek-efek yang dijual dengan janji dibeli kembali k. Securities sold under repurchase agreements
dan efek-efek yang dibeli dengan janji dijual and securities purchased under resale
kembali agreements
Efek-efek yang dijual dengan janji dibeli kembali Securities sold under repurchase agreements are
merupakan transaksi dimana Bank menjual aset transactions in which the Company sold a financial
keuangan dan secara simultan masuk ke dalam asset and simultaneously enters into an agreement
perjanjian untuk membeli kembali aset (atau aset to repurchase the asset (or substantially similar
yang serupa secara substansial) dengan harga tetap asset) at a fixed price on a future date.
di masa depan.
Efek-efek yang dijual dengan janji dibeli kembali Securities sold under repurchase agreements
(repo) disajikan sebagai liabilitas sebesar harga (repo) are presented as liabilities and stated at the
pembelian kembali yang disepakati dikurangi selisih agreed repurchase price less the difference
antara harga jual dan harga pembelian kembali yang between the selling price and agreed repurchase
disepakati. Selisih antara harga jual dan harga price. The difference between the selling price and
pembelian kembali yang disepakati tersebut agreed repurchase price is amortized using
diamortisasi dengan menggunakan metode suku effective interest rate method as interest expense
bunga efektif sebagai beban bunga selama jangka over the period commencing from the selling date
waktu sejak efek-efek tersebut dijual hingga saat to the repurchase date.
dibeli kembali.
LAMPIRAN – 5/31 – SCHEDULE
598 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 601
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
k. Efek-efek yang dijual dengan janji dibeli kembali k. Securities sold under repurchase agreements
dan efek-efek yang dibeli dengan janji dijual and securities purchased under resale
kembali (lanjutan) agreements (continued)
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
(reverse repo) disajikan sebagai tagihan sebesar (reverse repo) are presented as receivables and
harga jual kembali efek-efek yang disepakati stated at the agreed resale price less the difference
dikurangi selisih antara harga beli dan harga jual between the purchase price and the agreed resale
kembali yang disepakati. Selisih antara harga beli price. The difference between the purchase price
dan harga jual kembali yang disepakati tersebut and the agreed resale price is amortized using the
diamortisasi dengan metode suku bunga efektif effective interest method as interest income over the
sebagai pendapatan bunga selama jangka waktu period commencing from the acquisition date to the
sejak efek-efek tersebut dibeli hingga dijual kembali. resale date.
l. Instrumen keuangan derivatif l. Derivative financial instruments
Bank dan Entitas Anak melakukan berbagai The Bank and Subsidiary enter into a variety of
transaksi instrumen keuangan derivatif untuk derivative financial instruments to manage its
mengelola eksposur atas risiko suku bunga dan exposure to interest rate and foreign exchange rate
risiko perubahan nilai tukar mata uang asing risks, using foreign exchange forward contracts and
menggunakan kontrak valuta berjangka dan swap interest rate swaps.
suku bunga.
Derivatif awalnya diakui pada nilai wajar pada Derivatives are initially recognized at fair value at
tanggal kontrak dilakukan dan selanjutnya diukur the date the derivative contracts are entered into
kembali pada nilai wajarnya pada setiap akhir and are subsequently remeasured to their fair
periode pelaporan. Dampak keuntungan atau values at the end of each reporting period. The
kerugian diakui segera di laba rugi kecuali jika resulting gain or loss is recognized in profit or loss
derivatif ditetapkan dan efektif sebagai instrumen immediately unless the derivative is designated and
lindung nilai di mana saat pengakuan di laba rugi effective as hedging instrument in which event the
bergantung pada sifat dari hubungan lindung nilai. timing of the recognition in profit or loss depends on
the nature of the hedge relationship.
Derivatif dengan nilai wajar positif diakui sebagai A derivative with a positive fair value is recognized
aset keuangan sedangkan derivatif dengan nilai as a financial asset whereas a derivative with a
wajar negatif diakui sebagai liabilitas keuangan. negative fair value is recognized as a financial
Derivatif tidak saling hapus dalam laporan keuangan liability. Derivatives are not offset in the financial
kecuali Bank dan Entitas Anak memiliki hak yang statements unless the Bank and Subsidiary have
memiliki kekuatan hukum dan intensi untuk saling both a legally enforceable right and intention to
hapus. offset.
Derivatif melekat Embedded derivatives
Derivatif melekat merupakan komponen dari kontrak An embedded derivative is a component of a hybrid
hibrida yang juga termasuk kontrak non-derivatif contract that also includes a non-derivative host –
induk dengan dampak arus kas dari instrumen with the effect that some of the cash flows of the
gabungan bervariasi dengan cara yang mirip dengan combined instrument vary in a way similar to a
derivatif yang berdiri sendiri. stand-alone derivative.
Derivatif yang melekat pada kontrak hibrida dengan Derivatives embedded in hybrid contracts with a
aset keuangan utama dalam ruang lingkup PSAK 71 financial asset host within the scope of PSAK 71 are
tidak dipisahkan. Seluruh kontrak hibrida not separated. The entire hybrid contract is
diklasifikasikan dan selanjutnya diukur sebagai biaya classified and subsequently measured as either
perolehan diamortisasi atau nilai wajar yang sesuai. amortized cost or fair value as appropriate.
Derivatif yang melekat pada kontrak hibrida dengan Derivatives embedded in hybrid contracts with hosts
kontrak utama yang bukan merupakan aset that are not financial assets within the scope of
keuangan dalam ruang lingkup PSAK 71 (misalnya, PSAK 71 (e.g., financial liabilities) are treated as
liabilitas keuangan) diperlakukan sebagai derivative separate derivatives when they meet the definition
terpisah jika definisi derivatif tersebut terpenuhi, of a derivative, their risks and characteristics are not
risiko dan karakteristiknya tidak terkait erat dengan closely related to those of the host contracts and the
kontrak utama dan kontrak utama tidak diukur host contracts are not measured at FVTPL.
dengan FVTPL.
LAMPIRAN – 5/32 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 599
Page 602
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
l. Instrumen keuangan derivatif (lanjutan) l. Derivative financial instruments (continued)
Derivatif melekat (lanjutan) Embedded derivatives (continued)
Jika kontrak hibrida tersebut merupakan liabilitas If the hybrid contract is a quoted financial liability,
keuangan yang memiliki kuotasi harga, Bank tidak instead of separating the embedded derivative, the
memisahkan derivatif yang melekat, tapi secara Bank generally designates the whole hybrid
umum menetapkan seluruh kontrak hibrida sebagai contract at FVTPL.
FVTPL.
Akuntansi lindung nilai Hedge accounting
Entitas Anak menerapkan akuntansi lindung nilai Subsidiary applied cash flow hedge accounting. On
arus kas. Pada penetapan awal lindung nilai, Bank initial designation of the hedge, the Bank and
dan Entitas Anak secara formal Subsidiary formally document the relationship
mendokumentasikan hubungan antara instrumen between the hedging instruments and hedged
lindung nilai dengan item yang dilindung nilai, items, including the risk management objective and
termasuk tujuan manajemen risiko dan strategi strategy in undertaking the hedge transaction,
dalam melakukan transaksi lindung nilai, together with the method that will be used to assess
bersamaan dengan metode yang akan digunakan the effectiveness of the hedging relationship.
untuk menilai efektivitas dari hubungan lindung nilai Subsidiary make an assessment, both at the
tersebut. Entitas Anak melakukan penilaian, baik inception of the hedge relationship as well as on an
pada awal hubungan lindung nilai maupun secara ongoing basis, whether the hedging instruments are
berkelanjutan, untuk menentukan apakah instrumen expected to be “highly effective” in offsetting the
lindung nilai tersebut dapat secara “sangat efektif” changes in the cash flows of the respective hedged
menutupi perubahan arus kas dari item yang items.
dilindung nilai.
Perubahan nilai wajar instrumen derivatif yang tidak Changes in fair value of derivative instruments that
memenuhi kriteria lindung nilai dicatat dalam laba do not qualify for hedge accounting are recognized
rugi tahun berjalan. Jika instrumen derivatif to the current year profit or loss. If derivative
dirancang dan memenuhi syarat akuntansi lindung instruments are designated and qualify for hedge
nilai, perubahan nilai wajar yang berkaitan dengan accounting, changes in fair value of derivative
lindung nilai diakui sebagai penyesuaian terhadap instruments are recorded as adjustments to the
item yang dilindungi nilainya dalam penghasilan hedged items in the current year other
komprehensif lain tahun berjalan atau disajikan comprehensive income or in the equity, depending
dalam ekuitas, tergantung pada jenis transaksi dan on the type of hedge transaction represented and
efektifitas dari lindung nilai tersebut. the effectiveness of the hedge.
Pada saat derivatif dirancang sebagai instrumen When a derivative is designated as the hedging
lindung nilai untuk melindungi perubahan arus kas instrument to hedge the variability in cash flows
yang dapat diatribusikan pada risiko tertentu dari attributable to a particular risk associated with a
aset atau liabilitas yang diakui atau suatu prakiraan recognized asset or liability or a highly probable
transaksi yang dapat mempengaruhi laba rugi, forecast transaction that could affect profit or loss,
maka bagian efektif dari perubahan nilai wajar dari the effective portion of changes in the fair value of
derivatif diakui sebagai penghasilan komprehensif the derivative is recognized in other comprehensive
lainnya. Jumlah yang diakui dalam penghasilan income. The amount recognized in other
komprehensif lainnya direklasifikasi ke laporan laba comprehensive income is reclassified to the profit or
rugi sebagai penyesuaian reklasifikasi pada tahun loss as a reclassification adjustment in the same
yang sama dimana arus kas yang dilindung nilai year as the hedged cash flows affect profit or loss,
tersebut mempengaruhi laba rugi, dan pada baris and in the same line item in the consolidated
item yang sama pada laporan laba rugi statement of profit or loss. Any ineffective portion of
konsolidasian. Setiap bagian yang tidak efektif changes in the fair value of the derivative is
dalam perubahan nilai wajar derivatif diakui recognized immediately in the consolidated
langsung pada laporan laba rugi konsolidasian. statement of profit or loss.
LAMPIRAN – 5/33 – SCHEDULE
600 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 603
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
l. Instrumen keuangan derivatif (lanjutan) l. Derivative financial instruments (continued)
Akuntansi lindung nilai (lanjutan) Hedge accounting (continued)
Jika derivatif lindung nilai kadaluwarsa atau dijual, If the hedging derivative expires or is sold,
dihentikan atau dilaksanakan, atau pada saat terminated, or exercised, or when the hedge no
lindung nilai tidak lagi memenuhi kriteria akuntansi longer meets the criteria for cash flow hedge
lindung nilai arus kas atau pada saat transaksi accounting, or when the hedge designation is
lindung nilai dibatalkan maka secara prospektif cancelled, then hedge accounting is discontinued
akuntansi lindung nilai dihentikan. Pada saat prospectively. When the hedge of a forecast
lindung nilai atas suatu prakiraan transaksi transaction is discounted, the cumulative amount
dihentikan, maka jumlah kumulatif yang diakui pada recognized in other comprehensive income from
penghasilan komprehensif lainnya sejak tahun the year when the hedge was effective, is
dimana lindung nilai tersebut efektif, direklasifikasi reclassified from other comprehensive income to
dari penghasilan komprehensif lainnya ke laba rugi profit or loss as a reclassification adjustment when
sebagai penyesuaian reklasifikasi pada saat the forecast transaction occurs and affects profit or
prakiraan transaksi tersebut terjadi dan loss. If the forecast transaction is no longer
mempengaruhi laba rugi. Jika prakiraan transaksi expected to occur, then the balance in other
tidak lagi diharapkan akan terjadi, maka saldo di comprehensive income is reclassified immediately
penghasilan komprehensif lainnya langsung to profit or loss as a reclassification adjustment.
direklasifikasi ke laba rugi sebagai penyesuaian
reklasifikasi.
m. Pinjaman yang diberikan m. Loans
Pinjaman yang diberikan pada awalnya diukur pada Loans are initially measured at fair value plus
nilai wajar ditambah biaya transaksi yang dapat directly attributable and incremental transaction
diatribusikan secara langsung dan merupakan cost to acquire the financial assets, and after initial
biaya tambahan untuk memperoleh aset keuangan recognition measured at their amortized cost using
tersebut, dan setelah pengakuan awal diukur pada the effective interest rate method.
biaya perolehan diamortisasi dengan menggunakan
metode suku bunga efektif.
Kredit dalam rangka pembiayaan bersama (kredit Syndicated loans are stated at amortized cost in
sindikasi) dinyatakan sebesar biaya perolehan accordance with the risk portion borne by the Bank.
diamortisasi sesuai dengan porsi risiko yang
ditanggung oleh Bank.
Termasuk dalam pinjaman yang diberikan adalah Included in the loans is Sharia financing which
pembiayaan Syariah yang terdiri dari piutang consists of murabahah receivables, Ijarah
murabahah, Ijarah Muntahiyah Bittamlik, Muntahiyah Bittamlik, musyarakah financing, and
pembiayaan musyarakah, dan pembiayaan mudharabah financing. Murabahah is an
mudharabah. Murabahah adalah akad jual beli agreement for the sale and purchase of goods
barang dengan menyatakan harga perolehan dan between the buyer and the seller at the agreed cost
keuntungan (marjin) yang disepakati oleh penjual and margin, and only can be done based on agreed
dan pembeli, dan hanya dapat dilakukan order. Musyarakah is an agreement between
berdasarkan pesanan yang bersifat mengikat. investors (musyarakah partners) to join the capital
Musyarakah adalah akad kerjasama yang terjadi in a partnership, at an agreed predefined term of
diantara para pemilik modal (mitra musyarakah) nisbah.
untuk menggabungkan modal dan melakukan
usaha secara bersama dalam suatu kemitraan,
dengan pembagian keuntungan berdasarkan
nisbah yang telah disepakati sebelumnya.
LAMPIRAN – 5/34 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 601
Page 604
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
m. Pinjaman yang diberikan (lanjutan) m. Loans (continued)
Mudharabah adalah akad kerjasama usaha antara Mudharabah is an agreement between the Bank as
Bank sebagai pemilik dana (shahibul maal) dan an investor (shahibul maal) and customer as a fund
nasabah sebagai pengelola dana (mudharib) untuk manager (mudharib) to run a business with pre-
melakukan kegiatan usaha dengan nisbah defined terms of nisbah (gain or loss). Ijarah
pembagian hasil (keuntungan atau kerugian) Muntahiyah Bittamlik is an agreement to obtain
menurut kesepakatan dimuka. Ijarah Muntahiyah rental payment on the leased object with an option
Bittamlik adalah akad pemindahan hak guna to transfer ownership of the leased object at certain
(manfaat) atas suatu aset dalam waktu tertentu time.
dengan pembayaran sewa yang diikuti dengan janji
perpindahan kepemilikan aset yang diijarahkan
pada saat tertentu.
Pinjaman yang diberikan dihapusbukukan ketika Loans are written off when there are no realistic
tidak terdapat prospek yang realistis mengenai prospects of future recovery and all collateral have
pengembalian dimasa datang dan semua jaminan been realized or have been foreclosed. When loans
telah direalisasi atau sudah diambil alih. Pinjaman are deemed uncollectible, they are written off
yang tidak dapat dilunasi dihapusbukukan dengan against the related allowance for impairment
mendebit cadangan kerugian penurunan nilai. losses. Subsequent recoveries of loans written off
Pelunasan kemudian atas pinjaman yang telah are credited to the allowance for impairment losses
dihapusbukukan sebelumnya, dikreditkan ke in the consolidated statements of financial position.
cadangan kerugian penurunan nilai di laporan posisi
keuangan konsolidasian.
Restrukturisasi pinjaman yang diberikan meliputi Loan restructuring may involve a modification of the
modifikasi persyaratan kredit, konversi kredit terms of the loans, conversion of loans into equity
menjadi saham atau instrumen keuangan lainnya or other financial instruments and/or a combination
dan/atau kombinasi dari keduanya. of both.
Pinjaman yang diberikan yang direstrukturisasi Restructured loans are stated at the net present
disajikan sebesar nilai kini tunai penerimaan kas value of the total future cash receipts after
masa depan setelah restrukturisasi yang restructuring are discounted using the original
didiskontokan dengan menggunakan suku bunga effective interest rate. The difference between the
efektif awal. Selisih antara nilai tercatat kredit pada carrying amount of the loans prior to restructuring
tanggal restrukturisasi dan nilai kini tunai and the present value of the total future cash
penerimaan kas masa depan setelah restrukturisasi receipts is recognised in the consolidated
diakui dalam laporan laba rugi konsolidasi. statement of income.
Setelah restrukturisasi, semua penerimaan kas Thereafter, all cash receipts under the new terms
masa depan yang ditetapkan dalam persyaratan shall be accounted for as the recovery of principal
baru dicatat sebagai pengembalian pokok pinjaman and interest income, using the original effective
yang diberikan dan pendapatan bunga dengan interest rate.
menggunakan suku bunga efektif awal.
n. Investasi dalam saham n. Investments in shares
Investasi dalam saham yang diklasifikasikan Investments in shares classified as financial
sebagai aset keuangan diukur pada nilai wajar assets measured at fair value through other
melalui penghasilan komprehensif lain. comprehensive income.
Dividen kas yang diterima atas investasi dalam Cash dividend received from investment in shares
saham diakui sebagai pendapatan. is recognized as income.
LAMPIRAN – 5/35 – SCHEDULE
602 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 605
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
MATERIAL (lanjutan) (continued)
o. Cadangan kerugian kredit ekspektasian o. Allowance for expected credit losses
PSAK 71 mengharuskan cadangan kerugian diakui PSAK 71 requires a loss allowance to be recognized
sebesar kerugian kredit ekspektasian (“ECL”) at an amount equal to either 12-month expected
12 bulan atau kerugian kredit ekspektasian credit losses (“ECL”) or lifetime ECLs. Lifetime
sepanjang umur aset keuangan (lifetime ECL). ECLs are the ECLs that result from all possible
Lifetime ECL adalah kerugian kredit ekspektasian default events over the expected life of a financial
yang berasal dari semua kemungkinan kejadian instrument, whereas 12-month ECLs are the portion
gagal bayar sepanjang umur ekspektasian suatu of ECLs that result from default events that are
instrumen keuangan, sedangkan ECL 12 bulan possible within the 12 months after reporting date.
adalah porsi dari kerugian kredit ekspektasian yang
berasal dari kemungkinan kejadian gagal bayar
dalam 12 bulan setelah tanggal pelaporan.
ECL diakui untuk seluruh instrumen utang ECL are recognized for all financial debt
keuangan, komitmen pinjaman dan jaminan instruments, loan commitments and financial
keuangan yang diklasifikasikan sebagai hold to guarantees that are classified as hold to collect/hold
collect/hold to collect and sell dan memiliki arus kas to collect and sell and have cash flows that are
SPPI. Kerugian kredit ekspektasian tidak diakui solely payments of principal and interest. Expected
untuk instrumen ekuitas yang ditetapkan sebagai credit losses are not recognized for equity
FVOCI. instruments designated at FVOCI.
Perseroan menggunakan model yang kompleks The Company primarily uses sophisticated models
yang menggunakan matriks probability of default that utilise the probability of default (“PD”), loss
(“PD”), loss given default (“LGD”) dan exposure at given default (“LGD”) and exposure at default
default (“EAD”), yang didiskontokan menggunakan (“EAD”) metrics, discounted using the effective
suku bunga efektif. interest rate.
a. Probability of Default (“PD”) a. Probability of Default (“PD”)
Probabilitas yang timbul di suatu waktu The probability at a point in time that a
dimana debitur mengalami gagal bayar, counterparty will default, calibrated over up to
dikalibrasikan sampai dengan periode 12 months from the reporting date (Stage 1) or
12 bulan dari tanggal laporan (Tahap 1) atau over the lifetime of the product (Stage 2 and 3)
sepanjang umur (Tahap 2 dan 3) dan and incorporating the impact of forward-
digabungkan pada dampak asumsi ekonomi looking economic assumptions that have an
masa depan yang memiliki risiko kredit. PD effect on credit risk. PD is estimated at a point
diestimasikan pada point in time dimana hal ini in time that means it will fluctuate in line with
berfluktuasi sejalan dengan siklus ekonomi. the economic cycle.
b. Loss Given Default (“LGD”) b. Loss Given Default (“LGD”)
Kerugian yang diperkirakan akan timbul dari The loss that is expected to arise on default,
debitur yang mengalami gagal bayar dengan incorporating the impact of relevant forward
menggabungkan dampak dari asumsi looking economic assumptions (if any), which
ekonomi masa depan yang relevan (jika ada) represents the difference between the
dimana hal ini mewakili perbedaan antara contractual cash flows due and those that the
arus kas kontraktual yang akan jatuh tempo Bank expects to receive. The Bank estimates
dengan arus kas yang diharapkan untuk LGD based on the historical recovery rates
diterima. Bank mengestimasikan LGD and considers the recovery of any collateral
berdasarkan data historis dari tingkat that is integral to the financial assets, taking
pemulihan dan memperhitungkan pemulihan into account forward looking economic
yang berasal dari jaminan terhadap aset assumptions if relevant.
keuangan dengan mempertimbangkan
asumsi ekonomi di masa depan jika relevan.
LAMPIRAN – 5/36 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 603
Page 606
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
o. Cadangan kerugian kredit ekspektasian o. Allowance for expected credit losses
(lanjutan) (continued)
c. Exposure at Default (“EAD”) c. Exposure at Default (“EAD”)
Perkiraan nilai eksposur neraca pada saat The expected balance sheet exposure at the
gagal bayar dengan mempertimbangkan time of default, taking into account that
bahwa perubahan ekspektasi yang diharapkan expected change in exposure over the
selama masa eksposur. Hal ini lifetime of the exposure. This incorporates the
menggabungkan dampak penarikan fasilitas impact of drawdowns of committed facilities,
yang committed, pembayaran pokok dan repayments of principal and interest,
bunga, amortisasi dan pembayaran amortization and prepayments, together with
dipercepat, bersama dengan dampak asumsi the impact of forward looking economic
ekonomi masa depan jika relevan. assumptions where relevant.
Kerugian kredit ekspektasian 12 bulan (Tahap 1) 12-month expected credit losses (Stage 1)
ECL diakui pada saat pengakuan awal instrumen ECL are recognized at the time of initial recognition
keuangan dan merepresentasikan kekurangan kas of a financial instrument and represent the lifetime
sepanjang umur aset yang timbul dari kemungkinan cash shortfalls arising from possible default events
gagal bayar di masa yang akan datang dalam kurun up to twelve months into the future from the
waktu dua belas bulan sejak tanggal pelaporan. ECL reporting date. ECL continue to be determined on
terus ditentukan oleh dasar ini sampai timbul this basis until there is either a significant increase
peningkatan risiko kredit yang signifikan pada in the credit risk of an instrument or the instrument
instrumen tersebut atau instrumen tersebut telah becomes credit-impaired. If an instrument is no
mengalami penurunan nilai kredit. Jika suatu longer considered to exhibit a significant increase
instrumen tidak lagi dianggap menunjukkan in credit risk, ECL will revert to being determined
peningkatan risiko kredit yang signifikan, maka ECL on a 12-month basis.
dihitung kembali berdasarkan basis dua belas bulan.
Peningkatan risiko kredit yang signifikan Significant increase in credit risk (Stage 2)
(Tahap 2)
Jika aset keuangan mengalami peningkatan risiko If a financial asset experiences a significant
kredit yang signifikan (“SICR”) sejak pengakuan increase in credit risk (“SICR”) since initial
awal, kerugian kredit ekspektasian diakui atas recognition, an expected credit loss provision is
kejadian gagal bayar yang mungkin terjadi recognized for default events that may occur over
sepanjang umur aset. Peningkatan signifikan dalam the lifetime of the asset. Significant increase in
risiko kredit dinilai dengan membandingkan risiko credit risk is assessed by comparing the risk of
gagal bayar atas eksposur pada tanggal pelaporan default of an exposure at the reporting date to the
dengan risiko gagal bayar saat pengakuan awal risk of default at origination (after taking into
(setelah memperhitungkan perjalanan waktu dari account the passage of time). Significant does not
akun tersebut). Signifikan tidak berarti signifikan mean statistically significant nor is it assessed in
secara statistik, juga tidak dinilai dalam konteks the context of changes in ECL. Whether a change
perubahan dalam ECL. Perubahan atas risiko gagal in the risk of default is significant or not is assessed
bayar dinilai signifikan atau tidak, dinilai using a number of quantitative and qualitative
menggunakan sejumlah faktor kuantitatif dan factors, the weight of which depends on the type of
kualitatif, yang bobotnya bergantung pada tipe product and counterparty. Financial assets that are
produk dan pihak lawan. Aset keuangan dengan 30 or more days past due and not credit-impaired
tunggakan 30 hari atau lebih dan tidak mengalami will always be considered to have experienced a
penurunan nilai akan selalu dianggap telah significant increase in credit risk.
mengalami peningkatan risiko kredit yang signifikan.
LAMPIRAN – 5/37 – SCHEDULE
604 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 607
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
o. Cadangan kerugian kredit ekspektasian o. Allowance for expected credit losses
(lanjutan) (continued)
Peningkatan risiko kredit yang signifikan Significant increase in credit risk (Stage 2)
(Tahap 2) (lanjutan) (continued)
Aset hanya akan dianggap mengalami penurunan An asset is only considered credit impaired and
nilai dan kerugian kredit ekspektasian sepanjang lifetime expected credit losses recognized, if there
umurnya diakui, jika terdapat bukti objektif is observed objective evidence of impairment.
penurunan nilai yang dapat diobservasi. Faktor- These factors are similar to the indicators of
faktor yang diobservasi ini serupa dengan indikator objective evidence of impairment, this includes,
bukti objektif penurunan nilai, termasuk antara lain amongst other factors, assets in default for more
aset gagal bayar dengan tunggakan lebih dari 90 than 90 days or experiencing significant financial
hari atau mengalami kesulitan keuangan yang difficulty, or experiencing forbearance on impaired
signifikan atau mengalami forbearance atas kredit credit (mentioned as ‘Stage 3 asset’).
yang mengalami penurunan nilai (disebut sebagai
‘aset Tahap 3’).
Pengukuran kerugian kredit ekspektasian di seluruh The measurement of expected credit losses across
tahapan aset diperlukan untuk mencerminkan all stages is required to reflect an unbiased and
jumlah yang tidak bias dan rata-rata probabilitas probability weighted amount that is determined by
tertimbang yang ditentukan dengan mengevaluasi evaluating a range of reasonably possible
serangkaian kemungkinan yang dapat terjadi outcomes using reasonable and supportable
menggunakan informasi yang wajar dan dapat information about past events, current conditions
didukung dengan peristiwa di masa lampau, kondisi and forecasts of future economic conditions.
saat ini dan proyeksi terkait dengan kondisi
ekonomis di masa depan.
Eksposur yang mengalami penurunan nilai kredit Credit impaired (or defaulted) exposures
atau gagal bayar (Tahap 3) (Stage 3)
Aset keuangan yang mengalami penurunan nilai Financial assets that are credit impaired (or in
(atau gagal bayar) merupakan aset yang setidaknya default) represent those that are at least 90 days
telah memiliki tunggakan lebih dari 90 hari atas past due in respect of principal and/or interest or
pokok dan/atau bunga atau memiliki peringkat kredit has certain credit grades (credit grading 26-28).
tertentu (peringkat kredit 26-28). Aset keuangan juga Financial assets are also considered to be credit
dianggap mengalami penurunan nilai kredit dimana impaired where the debtors are unlikely to pay on
debitur kemungkinan besar tidak akan membayar the occurrence of one or more observable events
dengan terjadinya satu atau lebih kejadian yang that have a detrimental impact on the estimated
teramati yang memiliki dampak menurunkan jumlah future cash flows of the financial asset. Loss
estimasi arus kas masa depan dari aset keuangan provisions against credit impaired financial assets
tersebut. Cadangan kerugian penurunan nilai are determined based on an assessment of the
terhadap aset keuangan yang mengalami penurunan recoverable cash flows under a range of scenarios,
nilai ditentukan berdasarkan penilaian terhadap arus including the realization of any collateral held
kas yang dapat dipulihkan berdasarkan sejumlah where appropriate. The ECL will reflect weighted
skenario, termasuk realisasi jaminan yang dimiliki average of the scenarios based on the probability
jika memungkinkan. ECL akan mencerminkan rata- of the relevant scenario to occur. The loss
rata tertimbang dari skenario berdasarkan provisions held represent the difference between
probabilitas dari skenario yang relevan untuk terjadi. the present value of the cash flows expected to be
Cadangan kerugian penurunan nilai merupakan recovered, discounted at the instrument’s original
selisih antara nilai sekarang dari arus kas yang effective interest rate, and the gross carrying value
diperkirakan akan dipulihkan, didiskontokan pada of the instrument prior to any credit impairment.
suku bunga efektif awal, dan nilai tercatat bruto
instrumen sebelum penurunan nilai kredit.
LAMPIRAN – 5/38 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 605
Page 608
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
o. Cadangan kerugian kredit ekspektasian o. Allowance for expected credit losses
(lanjutan) (continued)
Eksposur yang mengalami penurunan nilai kredit Credit impaired (or defaulted) exposures
atau gagal bayar (Tahap 3) (lanjutan) (Stage 3) (continued)
Periode yang diperhitungkan ketika mengukur The period considered when measuring expected
kerugian kredit ekspektasian adalah periode yang credit loss is the shorter of the expected life and the
lebih pendek antara umur ekspektasian dan periode contractual term of the financial asset. The
kontrak aset keuangan. Umur ekspektasian dapat expected life may be impacted by prepayments
dipengaruhi oleh pembayaran dimuka dan periode and the maximum contractual term by extension
kontrak maksimum melalui opsi perpanjangan options. For certain revolving portfolios, including
kontrak. Untuk portofolio revolving tertentu, credit cards, the expected life is assessed over the
termasuk kartu kredit, umur ekspektasian dinilai period that the Company is exposed to credit risk
sepanjang periode dimana Perseroan terekspos (which is based on the length of time it takes for
dengan risiko kredit (berdasarkan durasi waktu yang credit facilities to be withdrawn) rather than the
dibutuhkan untuk fasilitas kredit ditarik), bukan contractual term.
sepanjang periode kontrak.
Untuk aset yang diukur pada biaya perolehan For assets measured at amortized cost, the
diamortisasi, saldo di neraca mencerminkan aset balance sheet amount reflects the gross asset less
bruto dikurangi kerugian kredit ekspektasian. Untuk the expected credit losses. For debt instruments
instrumen utang dalam kategori FVOCI, saldo di held at FVOCI, the balance sheet amount reflects
neraca mencerminkan nilai wajar dari instrumen, the instrument’s fair value, with the expected credit
dengan cadangan kerugian kredit ekspektasian loss allowance held as a separate reserve within
dibukukan terpisah sebagai cadangan pada other comprehensive income.
pendapatan komprehensif lain.
Untuk menentukan kerugian kredit ekspektasian To determine the expected credit loss, these
komponen-komponen ini akan diperhitungkan components are multiplied together and discounted
secara bersama-sama dan didiskontokan ke tanggal to the balance sheet date using the effective
laporan keuangan menggunakan diskonto interest rate as the discount rate. The basis of
berdasarkan suku bunga efektif. Dasar input, asumsi inputs, assumptions and the estimation technique
dan teknik estimasi diungkapkan di Catatan 50. are disclosed in Note 50.
Usaha syariah Sharia business
Aset produktif perbankan syariah terdiri dari giro Productive assets of sharia banking include current
pada Bank Indonesia, Sertifikat Bank Indonesia, accounts with Bank Indonesia, Certificates of Bank
efek-efek, piutang Islamic Banking (“iB”), piutang iB Indonesia, marketable securities, Islamic Banking
lainnya, pembiayaan iB dan transaksi rekening (“iB”) receivables, other iB receivables, iB financing
administratif yang mempunyai risiko kredit. and off-balance sheet transactions which contain
credit risk.
LAMPIRAN – 5/39 – SCHEDULE
606 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 609
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
o. Cadangan kerugian kredit ekspektasian o. Allowance for expected credit losses
(lanjutan) (continued)
Usaha syariah Sharia business
Sesuai dengan peraturan OJK In accordance with the OJK No.16/POJK.03/2014
No.16/POJK.03/2014 tanggal 18 November 2014 dated 18 November 2014 concerning Asset Quality
tentang Penilaian Kualitas Aset Bank Umum Syariah Assessment on Sharia Bank and Sharia Business
dan Unit Usaha Syariah, yang berlaku sejak Unit, which is applied starting 1 January 2015 and
1 Januari 2015 dan perubahan terakhirnya POJK the latest update POJK No.2/POJK.03/2022 dated
No.2/POJK.03/2022 tanggal 31 Januari 2022, Bank 31 January 2022, the Bank is required to provide an
wajib membentuk cadangan kerugian sesuai dengan allowance for impairment losses in accordance with
standar akuntansi keuangan yang berlaku. Sesuai prevailing accounting standards. In accordance with
PSAK 102, khusus untuk piutang dengan akad PSAK 102, specifically for murabahah receivables
murabahah penyisihan kerugian penurunan nilai the impairment losses is evaluated individually and
dievaluasi secara individual dan kolektif dengan collectively based on PSAK 55. The allowance for
mengacu pada PSAK 55. Sedangkan cadangan impairment losses on productive assets for other
penghapusan aset produktif yang dibentuk untuk agreements are calculated using the following
akad lainnya mengacu sebagai berikut: guidelines:
i. Cadangan umum sekurang-kurangnya 1% dari i. General allowance at a minimum of 1% of
aset produktif dan transaksi rekening administratif productive assets and off-balance sheet
yang digolongkan lancar. transactions that are classified as current.
ii. Cadangan khusus untuk aset produktif dan ii. Specific allowance for productive assets and off-
transaksi rekening administratif: balance sheet transactions:
Persentase minimum cadangan/
Klasifikasi Minimum percentage of allowance Classification
Dalam perhatian khusus 5% Special mention
Kurang lancar 15% Substandard
Diragukan 50% Doubtful
Macet 100% Loss
Cadangan khusus untuk aset produktif dan transaksi Specific allowance for productive assets and off-
rekening administratif yang mempunyai risiko kredit balance sheet transactions with credit risk
yang digolongkan sebagai dalam perhatian khusus, classified as special mention, substandard,
kurang lancar, diragukan, dan macet dihitung atas doubtful, and loss is calculated on total loan
jumlah pokok pinjaman yang diberikan setelah principal after deducting the value of allowable
dikurangi dengan nilai agunan yang diperkenankan. collateral. No allowance is provided for any portion
Pencadangan tidak dibentuk untuk porsi fasilitas of facility backed by cash collateral.
yang dijamin dengan agunan tunai.
Bank dan Entitas Anak menghapusbukukan saldo The Bank and Subsidiary write off financial assets
aset keuangan beserta cadangan kerugian and any related allowance for impairment losses
penurunan nilai terkait pada saat Bank dan Entitas when the Bank and Subsidiary determine that
Anak menentukan bahwa pinjaman yang diberikan, those loans, consumer financing receivables,
piutang pembiayaan konsumen, piutang sewa finance lease receivables or debt securities are
pembiayaan atau efek-efek utang tersebut tidak uncollectible. This determination is reached after
dapat lagi ditagih. Keputusan ini diambil setelah considering information such as the occurrence of
mempertimbangkan informasi terkait seperti telah significant changes in the borrower’s/issuer’s
terjadinya perubahan signifikan atas posisi financial position such that the borrower/issuer can
keuangan debitur/penerbit yang mengakibatkan no longer pay the obligation, or that proceeds from
debitur/penerbit tidak lagi dapat melunasi collateral will not be sufficient to pay back the entire
liabilitasnya, atau hasil penjualan agunan tidak akan exposure.
cukup untuk melunasi seluruh eksposurnya.
LAMPIRAN – 5/40 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 607
Page 610
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
p. Cadangan kerugian penurunan nilai atas aset p. Allowance for impairment losses on non-
yang bukan aset keuangan kecuali goodwill financial assets except goodwill
Pada akhir setiap periode pelaporan, Bank dan At the end of each reporting period, the Bank and
Entitas Anak menelaah nilai tercatat aset non- Subsidiary review the carrying amount of non-
keuangan untuk menentukan apakah terdapat financial assets to determine whether there is any
indikasi bahwa aset tersebut telah mengalami indication that those assets have suffered an
penurunan nilai. Jika terdapat indikasi tersebut, impairment loss. If any such indication exists, the
jumlah terpulihkan dari aset diestimasi untuk recoverable amount of the asset is estimated in
menentukan tingkat kerugian penurunan nilai (jika order to determine the extent of the impairment loss
ada). Bila tidak memungkinkan untuk mengestimasi (if any). Where the asset does not generate cash
jumlah terpulihkan atas suatu aset individual, Bank flows that are independent from other assets, the
dan Entitas Anak mengestimasi jumlah terpulihkan Bank and Subsidiary estimate the recoverable
dari unit penghasil kas atas aset. Ketika dasar amount of the cash-generating unit to which the
alokasi yang wajar dan konsisten dapat asset belongs. When a reasonable and consistent
diidentifikasi, aset perusahaan juga dialokasikan ke basis of allocation can be identified, corporate
masing-masing kelompok unit penghasil kas, atau assets are also allocated to individual cash-
sebaliknya mereka dialokasikan ke kelompok generating units, or otherwise they are allocated to
terkecil dari kelompok unit penghasil kas di mana the smallest group of cash-generating units for
dasar alokasi yang wajar dan konsisten dapat which a reasonable and consistent allocation basis
diidentifikasi. can be identified.
Aset takberwujud dengan masa manfaat tidak Intangible assets with indefinite useful lives and
terbatas dan aset takberwujud yang belum tersedia intangible assets not yet available for use are
untuk digunakan diuji penurunan nilainya setiap tested for impairment annually, and whenever there
tahun dan ketika terdapat indikasi penurunan nilai. is an indication that the asset maybe impaired.
Jumlah terpulihkan adalah nilai tertinggi antara nilai Recoverable amount is the higher of fair value less
wajar dikurangi biaya pelepasan dan nilai pakai. cost to sell and value in use. In assessing value in
Dalam menilai nilai pakainya, estimasi arus kas use, the estimated future cash flows are
masa depan didiskontokan ke nilai kini discounted to their present value using a pre-tax
menggunakan tingkat diskonto sebelum pajak yang discount rate that reflects current market
menggambarkan penilaian pasar kini dari nilai waktu assessments of the time value of money and the
uang dan risiko spesifik atas aset dengan estimasi risks specific to the asset for which the estimates
arus kas masa depan belum disesuaikan. of future cash flows have not been adjusted.
Jika jumlah terpulihkan dari aset non-keuangan (unit If the recoverable amount of the non-financial
penghasil kas) lebih kecil dari nilai tercatatnya, nilai asset (cash generating unit) is less than its carrying
tercatat aset (unit penghasil kas) diturunkan menjadi amount, the carrying amount of the asset (cash
sebesar jumlah terpulihkan dan rugi penurunan nilai generating unit) is reduced to its recoverable
segera diakui dalam laba rugi, kecuali aset tersebut amount and an impairment loss is recognized
disajikan pada jumlah revaluasian, di mana kerugian immediately in profit or loss, unless the relevant
penurunan nilai diperlakukan sebagai penurunan asset is carried at revaluation amount, in which the
revaluasi. impairment loss is treated as a revaluation
decrease.
Ketika penurunan nilai selanjutnya dibalik, jumlah When an impairment loss subsequently reverses,
tercatat aset (atau unit penghasil kas) ditingkatkan the carrying amount of the asset (or a cash-
ke estimasi yang direvisi dari jumlah terpulihkannya, generating unit) is increased to the revised
namun kenaikan jumlah tercatat tidak boleh melebihi estimate of its recoverable amount, but so that the
jumlah tercatat ketika kerugian penurunan nilai tidak increased carrying amount does not exceed the
diakui untuk aset (atau unit penghasil kas) pada carrying amount that would have been determined
tahun-tahun sebelumnya. Pembalikan rugi had no impairment loss been recognized for the
penurunan nilai diakui segera dalam laba rugi, asset (or cash-generating unit) in prior years. A
kecuali aset yang bersangkutan disajikan pada reversal of an impairment loss is recognized
jumlah revaluasian, dalam hal ini pembalikan immediately in profit or loss, unless the relevant
kerugian penurunan nilai diperlakukan sebagai asset is carried at a revalued amount, in which
kenaikan revaluasi case the reversal of the impairment loss is treated
as a revaluation increase.
LAMPIRAN – 5/41 – SCHEDULE
608 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 611
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
q. Piutang pembiayaan konsumen q. Consumer financing receivables
Piutang pembiayaan konsumen merupakan jumlah Consumer financing receivables are stated at net
piutang setelah dikurangi dengan bagian of joint financing portion, unearned consumer
pembiayaan bersama, pendapatan pembiayaan financing income and allowance for expected
konsumen yang belum diakui dan cadangan credit losses.
kerugian kredit ekskpektasian.
Piutang pembiayaan konsumen diklasifikasikan Consumer financing receivables are classified as at
sebagai diukur pada biaya perolehan diamortisasi, amortized cost, and subsequent to initial recognition,
dan setelah pengakuan awal, dicatat pada biaya are carried at amortized cost using the effective
perolehan diamortisasi dengan menggunakan interest rate method.
metode suku bunga efektif.
Pendapatan pembiayaan konsumen yang belum Unearned consumer financing income represents
diakui merupakan selisih antara jumlah keseluruhan the difference between total installments to be
pembayaran angsuran yang akan diterima dari received from the consumer and the principal
konsumen dan jumlah pokok pembiayaan, yang amount financed, which is recognized as income
diakui sebagai pendapatan selama jangka waktu over the term of the contract based on effective
kontrak berdasarkan tingkat suku bunga efektif dari interest rate of the related consumer financing
piutang pembiayaan konsumen. receivable.
Termasuk dalam piutang pembiayaan konsumen Included in consumer financing receivables are
adalah piutang pembiayaan murabahah. Murabahah murabahah financing receivables. Murabahah is
adalah akad jual beli barang dengan harga jual goods sell-buy contract with a selling price
sebesar biaya perolehan ditambah keuntungan yang amounted to acquisition cost plus agreed margin
disepakati dan Entitas Anak harus mengungkapkan and the Subsidiary must disclose the acquisition
biaya perolehan barang tersebut kepada konsumen. cost to consumer. When the murabahah contract
Pada saat akad murabahah, piutang pembiayaan is signed, murabahah financing receivables are
murabahah diakui sebesar biaya perolehan recognized at acquisition cost plus agreed margin.
ditambah keuntungan (marjin). Keuntungan Murabahah margin is recognized over the period
murabahah diakui selama periode akad of the contract based on margin of the murabahah
berdasarkan pengakuan marjin dari piutang financing receivables.
pembiayaan murabahah.
Akad murabahah secara substansi merupakan Substantially, murabahah contract is a financing,
suatu pembiayaan, sehingga pengakuan marjin so that margin recognition is based on standards
dilakukan berdasarkan standar yang mengatur which regulate financing, as mentioned in
pembiayaan, seperti yang disebutkan di kebijakan consumer financing policy.
pembiayaan konsumen.
Penyelesaian kontrak sebelum masa pembiayaan Early termination of a contract is treated as
konsumen berakhir diperlakukan sebagai a cancellation of an existing contract and the
pembatalan kontrak pembiayaan konsumen dan resulting gain is recognized in the current year
keuntungan yang timbul diakui dalam laba rugi tahun profit or loss.
berjalan.
Piutang pembiayaan konsumen akan Consumer financing receivables will be written off
dihapusbukukan setelah menunggak lebih dari 210 when they are overdue for more than 210 days.
hari. Penerimaan dari piutang yang telah Recoveries from written off receivables are
dihapusbukukan diakui sebagai pendapatan lain-lain recognized as other income upon receipt.
pada saat diterima.
LAMPIRAN – 5/42 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 609
Page 612
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
q. Piutang pembiayaan konsumen (lanjutan) q. Consumer financing receivables (continued)
Dalam hal restrukturisasi piutang pembiayaan In term of restructuring of murabahah financing
murabahah dilakukan dengan modifikasi receivables through modification of financing
persyaratan pembiayaan, Entitas Anak memberikan terms, the Subsidiary provide payment holiday and
kelonggaran pembayaran dan perpanjangan jatuh tenor extension to the customer but did not change
tempo kepada konsumen namun tidak mengubah the outstanding of murabahah financing
total sisa piutang pembiayaan murabahah (baik receivables (both principal and margin) that have
pokok maupun marjin) yang harus dibayarkan oleh to be paid by the customer. The Subsidiary records
konsumen. Entitas Anak mencatat dampak the impact from restructuring prospectively, by not
restrukturisasi tersebut secara prospektif, dengan recognizing the amortization of margin and
tidak mengakui amortisasi marjin serta amortisasi amortization of acquisition costs during the
biaya perolehan pada saat cuti angsuran. payment holiday. Margin income after restructuring
Pendapatan marjin setelah restrukturisasi akan will be recognized at the margin amount stated
diakui sebesar jumlah marjin yang ditentukan dalam under the new financing terms which did not
persyaratan pembiayaan baru yang tidak mengubah change the outstanding receivables.
total sisa piutang.
Restrukturisasi pembiayaan konsumen meliputi Restructuring of consumer financing may involve a
modifikasi persyaratan kredit. Pembiayaan yang modification of the terms of the loans. Restructured
direstrukturisasi disajikan sebesar nilai kini atas arus financing are stated at the net present value of
kas kontraktual setelah restrukturisasi yang contractual cash flows after restructuring are
didiskontokan dengan menggunakan suku bunga discounted using the original effective interest rate.
efektif awal. Selisih antara jumlah tercatat bruto Differences arising from the gross carrying value of
piutang pembiayaan konsumen pada tanggal the consumer financing receivables at the time of
restrukturisasi dengan nilai kini arus kas kontraktual restructuring with present value of contractual cash
setelah restrukturisasi diakui dalam laba rugi. flows after restructuring are recognized to profit or
loss.
Setelah restrukturisasi, seluruh arus kas kontraktual Thereafter, all the contractual cash flows under the
dalam persyaratan baru dicatat sebagai new terms shall be accounted for as the repayment
pengembalian pokok pembiayaan yang diberikan of principal and interest income, in accordance with
dan pendapatan bunga sesuai dengan syarat-syarat the restructuring scheme.
restrukturisasi.
Pembiayaan bersama Joint financing
Seluruh kontrak pembiayaan bersama yang All joint financing contracts entered by the
dilakukan oleh Entitas Anak merupakan pembiayaan Subsidiary represent joint financing without
bersama tanpa tanggung renteng (without recourse) recourse in which only the Subsidiary’ financing
dimana hanya porsi jumlah angsuran piutang yang portion of the total installments is recorded as
dibiayai Entitas Anak yang dicatat sebagai piutang consumer financing receivables in the
pembiayaan konsumen di laporan posisi keuangan consolidated statements of financial position (net
konsolidasian (pendekatan neto). Pendapatan dan approach). Consumer financing income and
beban pembiayaan konsumen serta pendapatan expense and Murabahah margin income and
marjin dan beban marjin Murabahah disajikan pada margin expense are presented in profit or loss after
laba rugi setelah dikurangi dengan bagian yang deducting the portions belong to other parties who
merupakan hak pihak-pihak lain yang berpartisipasi participated in the joint financing transactions.
pada transaksi pembiayaan bersama.
LAMPIRAN – 5/43 – SCHEDULE
610 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 613
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
r. Sewa pembiayaan r. Finance leases
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement is,
perjanjian sewa atau perjanjian yang mengandung or contains a lease is based on the substance of
sewa didasarkan atas substansi perjanjian pada the arrangement at inception date and whether the
tanggal awal sewa dan apakah pemenuhan fulfillment of the arrangement is dependent on the
perjanjian tergantung pada penggunaan suatu aset use of a specific asset and the arrangement
dan perjanjian tersebut memberikan suatu hak untuk conveys a right to use the asset. Leases are
menggunakan aset tersebut. Suatu sewa classified as finance leases if the leases transfer
diklasifikasikan sebagai sewa pembiayaan jika sewa substantially all the risks and rewards related to
tersebut mengalihkan secara substansial seluruh ownership of the leased assets. All other leases
risiko dan manfaat yang terkait dengan kepemilikan are classified as operating lease.
aset. Seluruh sewa lainnya diklasifikasikan sebagai
sewa operasi.
Entitas Anak mengakui aset berupa piutang sewa The Subsidiary recognised assets of financial
pembiayaan sebesar jumlah yang sama dengan lease receivable at an amount equal to the net
investasi sewa neto. Penerimaan piutang sewa investment in the lease. Lease payment is treated
diperlakukan sebagai pembayaran pokok dan as repayment of principal and financing lease
penghasilan sewa pembiayaan. Pengakuan income. The recognition of financing lease income
penghasilan sewa pembiayaan didasarkan pada is based on a pattern reflecting a constant periodic
suatu pola yang mencerminkan suatu tingkat rate of return on The Subsidiary’s net investment in
pengembalian periodik yang konstan atas investasi the financing lease. The Subsidiary acts as a lessor
neto. Entitas Anak bertindak sebagai lessor dalam in finance leases.
sewa pembiayaan.
Piutang sewa pembiayaan akan dihapusbukukan Finance lease receivables will be written-off when
setelah menunggak lebih dari 210 hari. Penerimaan they are overdue for more than 210 days.
dari piutang yang telah dihapusbukukan diakui Recoveries from written-off receivables are
sebagai pendapatan lain-lain pada saat diterima. recognised as other income upon receipt.
s. Aset takberwujud s. Intangible assets
Aset takberwujud terdiri dari goodwill dan perangkat Intangible assets consist of goodwill and software
lunak yang dibeli Bank dan Entitas Anak. acquired by the Bank and Subsidiary.
s.1. Goodwill s.1. Goodwill
Goodwill timbul atas akuisisi dari suatu bisnis Goodwill arising on an acquisition of a
dicatat pada biaya perolehan yang ditetapkan business is carried at cost as established at
pada tanggal akuisisi bisnis tersebut dikurangi the date of acquisition of the business less
akumulasi penurunan nilai, jika ada. accumulated impairment losses, if any.
LAMPIRAN – 5/44 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 611
Page 614
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
s. Aset takberwujud (lanjutan) s. Intangible assets (continued)
s.1. Goodwill (lanjutan) s.1. Goodwill (continued)
Goodwill tidak diamortisasi tetapi direviu untuk Goodwill is not amortized but is reviewed for
penurunan nilai setidaknya setiap tahun. Untuk impairment at least annually. For the purpose
tujuan uji penurunan nilai, goodwill dialokasikan of impairment testing, goodwill is allocated to
pada setiap unit penghasil kas dari Bank dan each of the Bank and Subsidiary’ cash-
Entitas Anak (atau kelompok unit penghasil generating units (or group of cash-generating
kas) yang diperkirakan memberikan manfaat units) expected to benefit from the synergies
dari sinergi kombinasi bisnis tersebut. Unit of the combination. A cash-generating unit to
penghasil kas yang telah memperoleh alokasi which goodwill has been allocated is tested
goodwill diuji penurunan nilainya setiap tahun, for impairment annually, or more frequently
atau lebih sering jika terdapat indikasi bahwa when there is an indication that the unit may
unit penghasil kas tersebut mungkin mengalami be impaired. If the recoverable amount of the
penurunan nilai. Jika jumlah terpulihkan dari cash-generating unit is less than its carrying
unit penghasil kas kurang dari jumlah amount, the impairment loss is allocated first
tercatatnya, rugi penurunan nilai dialokasikan to reduce the carrying amount of any goodwill
pertama kali untuk mengurangi jumlah tercatat allocated to the unit and then to the other
atas setiap goodwill yang dialokasikan pada assets of the unit pro-rata on the basis of the
unit penghasil kas dan kemudian ke aset lain carrying amount of each asset in the unit. Any
dari unit penghasil kas secara prorata impairment loss for goodwill is recognized
berdasarkan jumlah tercatat dari setiap aset directly in profit or loss in the consolidated
dalam unit penghasil kas tersebut. Setiap statement of profit or loss and other
kerugian penurunan nilai goodwill diakui secara comprehensive income. An impairment loss
langsung dalam laba rugi pada laporan laba recognized for goodwill is not reversed in
rugi dan penghasilan komprehensif lain subsequent periods.
konsolidasian. Rugi penurunan nilai yang diakui
atas goodwill tidak dapat dibalik pada periode
berikutnya.
Pada pelepasan entitas anak atau unit On disposal of a subsidiary or the relevant
penghasil kas, jumlah goodwill yang dapat cash-generating unit, the attributable amount
diatribusikan termasuk dalam penentuan laba of goodwill is included in the determination of
rugi atas pelepasan. the profit or loss on disposal.
s.2. Perangkat lunak s.2. Software
Perangkat lunak yang dibeli oleh Bank dan Entitas Software acquired by the Bank and Subsidiary
Anak dicatat sebesar biaya perolehan dikurangi is stated at cost less accumulated amortization
akumulasi amortisasi dan akumulasi kerugian and accumulated impairment losses.
penurunan nilai.
Pengeluaran untuk modifikasi perangkat lunak Expenditure on internal modification software
secara internal diakui sebagai aset ketika Bank is recognized as an asset when the Bank and
dan Entitas Anak dapat mendemonstrasikan Subsidiary are able to demonstrate their
maksud dan kemampuannya untuk intention and ability to complete the
menyelesaikan pengembangan dan memakai development and use of the software in a
perangkat lunak tersebut dalam menghasilkan manner that will generate future economic
keuntungan ekonomis dimasa mendatang, dan benefits, and can reliably measure the costs
dapat secara andal mengukur biaya untuk to complete the development. The capitalized
menyelesaikan pengembangan. Biaya yang costs of internally developed software include
dikapitalisasi dari pengembangan perangkat all costs directly attributable to develop the
lunak secara internal mencakup semua biaya software, and are amortized over its useful
yang dapat diatribusikan langsung untuk life. Internally developed software is stated at
pengembangan perangkat lunak. capitalized cost less accumulated
Pengembangan perangkat lunak dinyatakan amortization and impairment losses.
pada biaya yang dikapitalisasi dikurangi
akumulasi amortisasi dan penurunan nilai.
LAMPIRAN – 5/45 – SCHEDULE
612 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 615
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
s. Aset takberwujud (lanjutan) s. Intangible assets (continued)
s.2. Perangkat lunak (lanjutan) s.2. Software (continued)
Pengeluaran selanjutnya untuk perangkat Subsequent expenditure on software is
lunak akan dikapitalisasi hanya jika capitalized only when it increases the future
pengeluaran tersebut menambah manfaat economic benefits embodied in the specific
ekonomis aset yang bersangkutan di masa asset to which it relates. All other
mendatang. Semua pengeluaran lainnya expenditures are expensed as incurred.
dibebankan pada saat terjadinya.
Amortisasi diakui dalam laba rugi dengan Amortization is recognized in profit or loss on
menggunakan metode garis lurus sepanjang a straight-line basis over the estimated useful
masa manfaat dari perangkat lunak tersebut, life of the software, from the date it is
dari tanggal perangkat lunak tersebut tersedia available for use. The estimated useful life of
untuk dipakai. Estimasi masa manfaat dari software is five years.
perangkat lunak adalah lima tahun.
Metode amortisasi, estimasi masa manfaat, Amortization method, useful lives, and
dan nilai residual ditelaah pada setiap akhir residual values are reviewed at each financial
tahun pelaporan dan disesuaikan jika dianggap year-end and adjusted if appropriate.
tepat.
t. Aset tetap t. Fixed assets
Aset tetap pada awalnya dinyatakan sebesar harga Fixed assets are initially recognized at acquisition
perolehan. Setelah pengukuran awal, aset tetap cost. After initial measurement, fixed assets are
diukur dengan model biaya, dicatat pada harga measured using the cost model, carried at their cost
perolehan dikurangi akumulasi penyusutan dan less any accumulated depreciation and
akumulasi kerugian penurunan nilai. accumulated impairment losses.
Harga perolehan mencakup harga pembelian dan Acquisition cost includes purchase price and any
semua beban yang terkait secara langsung untuk costs directly attributable to bring the assets to the
membawa aset tersebut ke lokasi dan kondisi yang location and condition necessary for it to be
diperlukan untuk memungkinkan aset tersebut capable of operating in the manner intended by
beroperasi sebagaimana ditentukan oleh management.
manajemen.
Tanah dinyatakan sebesar harga perolehan dan Land is stated at cost and not depreciated.
tidak disusutkan.
Penyusutan diakui dengan metode garis lurus Depreciation is recognized so as to write off the
setelah memperhitungkan nilai residu berdasarkan cost of assets less residual value using the straight-
taksiran masa manfaat asset tetap sebagai berikut: line method based on the estimate useful lives of
the assets as follows:
Tahun/Years
Bangunan 20 Buildings
Perlengkapan kantor 4-5 Office equipment
Kendaraan bermotor 3-5 Motor vehicles
Apabila aset tetap tidak digunakan lagi atau dijual, When fixed assets are retired or otherwise
maka nilai tercatat dan akumulasi penyusutannya disposed of, their carrying values and the related
dikeluarkan dari laporan posisi keuangan accumulated depreciation are removed from the
konsolidasian, dan keuntungan atau kerugian yang consolidated statements of financial position, and
terjadi diakui dalam laba rugi. the resulting gains or losses are recognized in profit
or loss.
LAMPIRAN – 5/46 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 613
Page 616
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
t. Aset tetap (lanjutan) t. Fixed assets (continued)
Akumulasi biaya pengembangan aset tetap The accumulated costs of the construction of fixed
dikapitalisasi sebagai aset dalam penyelesaian. assets are capitalized as construction in progress.
Beban tersebut direklasifikasi ke aset tetap pada These costs are reclassified to fixed assets when
saat proses konstruksi selesai dan siap digunakan. the construction is completed. Depreciation is
Penyusutan mulai dibebankan pada bulan yang charged from such month.
sama.
Beban perbaikan dan pemeliharaan dibebankan The cost of repairs and maintenance is charge to
pada laba rugi pada saat terjadinya. Biaya-biaya lain profit or loss as incurred. Other costs incurred
yang terjadi selanjutnya yang timbul untuk subsequently to add to, replace part of, or service
menambah, mengganti atau memperbaiki aset tetap and item of fixed assets, are recognized as asset
dicatat sebagai biaya perolehan aset jika, dan hanya if, and only if, it is probable that future economic
jika, kemungkinan besar Bank dan Entitas Anak benefits associated with the item will flow to the
akan memperoleh manfaat ekonomik masa depan Bank and Subsidiary and the cost of the item can
dari asset tersebut dan biaya – biaya tersebut dapat be measured reliably.
diukur secara andal.
Estimasi umur ekonomis, metode penyusutan, dan Estimation of economic life, depreciation method,
nilai residu telah ditelaah pada setiap akhir tahun and residual value are reviewed at each financial
pelaporan dan disesuaikan jika dianggap tepat. year-end and adjusted if appropriate.
u. Agunan yang diambil alih u. Foreclosed assets
Agunan yang diambil alih sehubungan dengan Foreclosed assets acquired in conjunction with
penyelesaian kredit dinyatakan berdasarkan nilai settlement of loans are stated at the lower of
terendah antara nilai tercatat pinjaman yang related loans’ carrying value or net realizable value
diberikan terkait atau nilai realisasi neto dari agunan of the foreclosed assets. Net realizable value is the
yang diambil alih. Nilai realisasi neto adalah nilai fair value of the foreclosed assets after deducting
wajar agunan yang diambil alih setelah dikurangi the estimated cost of disposal. The excess
beban pelepasan. Selisih lebih antara nilai tercatat between the carrying value and the net realizable
dan nilai realisasi neto dicatat sebagai cadangan value is recorded as allowance for impairment of
penurunan nilai atas agunan yang diambil alih dan foreclosed assets and is charged to the current
dibebankan pada laba rugi tahun berjalan. Secara year profit or loss. In general, the Bank does not
umum, Bank tidak menggunakan aset yang diambil utilize foreclosed assets for business use.
alih untuk kepentingan bisnis.
Beban-beban sehubungan dengan pemeliharaan Expenses in relation with the maintenance of those
agunan yang diambil alih tersebut dibebankan pada foreclosed assets are charged to expense as
saat terjadinya. incurred.
v. Tagihan dan utang akseptasi v. Acceptance receivables and payables
Tagihan dan utang akseptasi setelah pengakuan Acceptance receivables and payables after initial
awal dicatat pada biaya perolehan diamortisasi. recognition are carried at amortized cost.
w. Simpanan nasabah dan simpanan dari Bank lain w. Deposits from customers and deposits from
other Banks
Simpanan nasabah dan simpanan dari Bank lain Deposits from customers and deposits from other
pada awalnya diukur pada nilai wajar ditambah biaya Banks are initially measured at fair value plus
transaksi yang dapat diatribusikan secara langsung directly attributable transaction costs and
dan setelah pengakuan awal diukur pada biaya subsequently measured at their amortized cost
perolehan diamortisasi dengan menggunakan using the effective interest rate method.
metode suku bunga efektif.
LAMPIRAN – 5/47 – SCHEDULE
614 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 617
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
x. Pendapatan dan beban bunga x. Interest income and expenses
Pendapatan dan beban bunga diakui dalam laporan Interest income and expenses are recognized in
laba rugi dengan menggunakan metode suku bunga profit or loss using the effective interest rate
efektif. Suku bunga efektif adalah tingkat suku bunga method. The effective interest rate is the rate that
yang secara tepat mendiskontokan estimasi exactly discounts the estimated future cash
pembayaran dan penerimaan kas di masa datang payments and receipts through the expected life of
selama perkiraan umur dari aset keuangan atau the financial asset or financial liability (or, where
liabilitas keuangan (atau, jika lebih tepat, digunakan appropriate, a shorter year) to the carrying amount
tahun yang lebih singkat) untuk memperoleh nilai of the financial asset or financial liability. When
tercatat dari aset keuangan atau liabilitas keuangan. calculating the effective interest, the Bank and
Pada saat menghitung suku bunga efektif, Bank dan Subsidiary estimate future cash flows considering
Entitas Anak mengestimasi arus kas di masa datang all contractual terms of the financial instrument but
dengan mempertimbangkan seluruh persyaratan not future credit losses.
kontraktual dalam instrumen keuangan tersebut,
tetapi tidak mempertimbangkan kerugian kredit
dimasa mendatang.
Saat estimasi arus kas telah direvisi, nilai tercatat Where the estimates of cash flows have been
atas aset atau liabilitas keuangan disesuaikan untuk revised, the carrying amount of the financial asset
merefleksikan arus kas yang aktual setelah or liability is adjusted to reflect the actual cash
restrukturisasi yang didiskontokan pada suku bunga flows after restructuring discounted at the
efektif awal. Penyesuaian ini diakui sebagai instruments original effective interest rate. The
pendapatan atau beban pada periode dilakukannya adjustment is recognized as income or expense in
revisi. the period in which the revision is made.
Pendapatan dan beban bunga yang disajikan di Interest income and expenses presented in profit
dalam laba rugi meliputi: or loss include:
• Bunga atas aset keuangan dan liabilitas • Interest on financial assets and financial
keuangan yang dicatat pada biaya perolehan liabilities at amortized cost calculated using
diamortisasi yang dihitung dengan effective interest rate method;
menggunakan metode suku bunga efektif;
• Bunga atas aset keuangan yang diukur pada nilai • Interest on fair value through other
wajar melalui penghasilan komprehensif lain comprehensive income financial assets
yang dihitung dengan menggunakan metode calculated using on the effective interest rate
suku bunga efektif; method;
• Bunga atas semua aset keuangan yang • Interest on all fair value through profit or loss
diklasifikasikan dalam kelompok diukur pada nilai financial assets. Interest income on all fair
wajar melalui laba rugi. Pendapatan bunga dari value through profit or loss financial assets are
semua aset keuangan yang diukur pada nilai considered to be incidental to the Bank’s
wajar melalui laba rugi dipandang tidak signifikan trading operations.
terhadap kegiatan perdagangan Bank.
Pendapatan bunga atas aset keuangan yang Interest on the impaired financial asset is
mengalami penurunan nilai diakui menggunakan suku recognized using the interest rate used to discount
bunga yang digunakan untuk mendiskonto arus kas the future cash flows for the purpose of measuring
masa datang dalam pengukuran kerugian penurunan the impairment loss.
nilai.
LAMPIRAN – 5/48 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 615
Page 618
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
x. Pendapatan dan beban bunga (lanjutan) x. Interest income and expenses (continued)
Pendapatan syariah terdiri dari pendapatan dari piutang Sharia income consists of income from murabahah
murabahah, bagi hasil pembiayaan musyarakah dan receivables, profit distribution of musyarakah
pendapatan atas investasi pada efek-efek syariah financing and income on investment in sharia
berikut amortisasi beban terkait. securities including the amortization of related
costs.
Pada saat pinjaman yang diberikan diklasifikasikan When a loan is classified as non-performing, any
sebagai bermasalah, bunga yang telah diakui tetapi interest income previously recognized but not yet
belum tertagih akan dibatalkan pengakuannya. collected is reversed against interest income. The
Selanjutnya bunga yang dibatalkan tersebut diakui reversed interest income is recognized as a
sebagai tagihan kontinjensi. contingent receivable.
Pendapatan marjin murabahah diakui selama masa Murabahah margin income is recognized during
akad dengan dasar akrual. Pendapatan bagi hasil the contract period using accrual basis. Income
pembiayaan musyarakah diakui pada saat diterima from profit distribution of musyarakah financing is
atau dalam periode terjadinya hak bagi hasil sesuai recognized when received or in the period when the
porsi bagi hasil (nisbah) yang disepakati. rights arise in accordance with agreed distribution
ratio (nisbah).
Beban syariah terdiri dari beban bagi hasil dari Sharia expense consists of expense for profit
simpanan nasabah dengan akad mudharabah dan distribution on customer deposits with mudharabah
bonus atas simpanan dengan akad wadiah. contract and bonus on customers deposits with
wadiah contract.
Pendapatan bunga atas aset keuangan baik yang Interest income for financial assets held at either
diukur dengan nilai wajar melalui penghasilan fair value through other comprehensive income or
komprehensif lain atau biaya perolehan diamortisasi amortized cost and interest expense on all financial
dan beban bunga atas seluruh liabilitas keuangan yang liabilities held at amortized cost are recognized in
diukur dengan biaya perolehan diamortisasi, diakui profit or loss using the effective interest method.
pada laba rugi berdasarkan suku bunga efektif.
Pendapatan bunga atas aset keuangan yang diukur Interest income for financial assets that are either
dengan nilai wajar melalui penghasilan komprehensif held at fair value through other comprehensive
lain atau biaya diamortisasi yang mengalami penurunan income or amortized cost that have become credit
nilai setelah pengakuan awal (Tahap 3) diakui impaired subsequent to initial recognition (Stage 3)
berdasarkan suku bunga efektif kredit yang is recognized using the credit adjusted effective
disesuaikan. Tingkat bunga ini dihitung dengan cara interest rate. This rate is calculated in the same
yang sama dalam perhitungan suku bunga efektif manner as the effective interest rate except that
kecuali bahwa cadangan kerugian kredit ekspektasian expected credit losses are included in the expected
dimasukkan dalam arus kas ekspektasian. Oleh cash flows. Interest income is therefore recognized
karenanya, pendapatan bunga diakui atas aset on the amortized cost of the financial asset
keuangan dalam klasifikasi biaya perolehan including expected credit losses. Should the credit
diamortisasi termasuk kerugian kredit ekspektasian. risk on a Stage 3 financial asset improve such that
Dalam kondisi risiko kredit atas aset keuangan Tahap 3 the financial asset is no longer considered credit
mengalami perbaikan sehingga aset keuangan tidak impaired, interest income recognition reverts to a
lagi dipertimbangkan mengalami penurunan nilai, computation based on the rehabilitated carrying
pengakuan pendapatan bunga dihitung berdasarkan value of the financial asset gross.
nilai tercatat bruto aset keuangan.
LAMPIRAN – 5/49 – SCHEDULE
616 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 619
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
y. Pendapatan dan beban provisi dan komisi dan y. Fees and commission income and expense and
imbalan jasa lain other fees
Pendapatan dan beban provisi dan komisi yang Fees and commission income and expenses that
merupakan bagian tak terpisahkan dari suku bunga are integral to the effective interest rate of a
efektif atas aset keuangan atau liabilitas keuangan financial asset or financial liability are included in
dimasukkan ke dalam perhitungan suku bunga the calculation of effective interest rate.
efektif.
Pendapatan provisi dan komisi serta imbalan jasa Fees and commission income and other fees,
lain termasuk provisi yang terkait dengan kegiatan including credit related fees, bancassurance
perkreditan, bancassurance, kegiatan ekspor-impor, related fees, export-import related fees, cash
manajemen kas, provisi sebagai pengatur sindikasi management, syndication lead arranger fees, and
dan provisi atas jasa lainnya diakui pada saat jasa other service fees are recognized as the related
tersebut dilakukan. services are performed.
Beban provisi dan komisi lainnya sehubungan Other fees and commission expense related
dengan transaksi antar Bank diakui sebagai beban interBank transactions are expensed as the
pada saat jasa tersebut diterima. services are received.
Apabila pinjaman diselesaikan sebelum jatuh tempo, The outstanding balances of unamortized fees and
maka saldo pendapatan provisi dan komisi yang commissions on loans terminated or settled prior to
belum diamortisasi diakui pada saat pinjaman maturity are recognized as income upon
diselesaikan. settlement.
z. Keuntungan atau kerugian dari perubahan nilai z. Gains or losses from changes in fair value of
wajar atas instrumen keuangan financial instruments
Keuntungan atau kerugian dari perubahan nilai wajar Gains or losses from changes in fair value of
instrumen keuangan merupakan perubahan nilai financial instruments represents changes in fair
wajar efek-efek dan Obligasi Pemerintah yang value of trading marketable securities and
diperdagangkan dan instrumen derivatif. Government Bonds and derivative instruments.
aa. Efek yang diterbitkan aa. Securities issued
Efek yang diterbitkan dicatat sebesar nilai nominal Securities issued are presented at nominal value,
dikurangi saldo diskonto yang belum diamortisasi. net of unamortized discounts. Bond issuance costs
Beban emisi obligasi sehubungan dengan in connection with the issuance of bonds are
penerbitan obligasi diakui sebagai diskonto dan recognized as discounts and directly deducted
dikurangkan langsung dari hasil emisi obligasi. from the proceeds of securities issued. The
Diskonto diamortisasi selama jangka waktu obligasi discounts are amortized over the period of the
tersebut dengan menggunakan metode suku bunga bonds using the effective interest rate method.
efektif.
Ab. Sukuk mudharabah ab. Mudharabah bonds
Entitas Anak pada awalnya mengakui sukuk The Subsidiary initially recognizes mudharabah
mudharabah pada saat sukuk mudharabah bonds on the date of issuance of mudharabah
diterbitkan sebesar nominalnya. Setelah pengakuan bonds at nominal value. Subsequent to initial
awal, sukuk mudharabah dicatat pada biaya recognition, mudharabah bonds are measured at
perolehan. cost.
Biaya transaksi sehubungan dengan penerbitan Transaction costs related to the issuance of
sukuk mudharabah diakui secara terpisah dari sukuk mudharabah bonds are recognized separately
mudharabah. Biaya transaksi diamortisasi from mudharabah bonds. Transaction costs are
menggunakan metode garis lurus selama jangka amortized using straight-line method over the term
waktu sukuk mudharabah dan dicatat sebagai of mudharabah bonds and are recorded as part of
bagian dari beban keuangan. financing charges.
LAMPIRAN – 5/50 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 617
Page 620
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
ab. Sukuk mudharabah (lanjutan) ab. Mudharabah bonds (continued)
Sukuk mudharabah disajikan sebagai bagian dari Mudharabah bonds are presented as a part of
liabilitas dan biaya transaksi sehubungan penerbitan liabilities and the transaction costs related to the
sukuk mudharabah disajikan dalam aset sebagai issuance of mudharabah bonds are presented in
biaya dibayar dimuka. assets as part of prepaid expenses.
Ac. Perpajakan ac. Taxation
Beban pajak terdiri dari beban pajak kini dan beban Income tax expense comprises of current and
pajak tangguhan. Beban pajak diakui pada laba rugi deferred tax. Income tax expense is recognized in
kecuali untuk akun yang langsung diakui di profit or loss except to the extent it relates to
komponen ekuitas lainnya, dimana beban pajak accounts recognized directly in other equity
yang terkait dengan akun tersebut diakui di components, in which case it is recognized in other
penghasilan komprehensif lain. comprehensive income.
Beban pajak kini adalah utang pajak yang ditentukan Current tax expense is the expected tax payable
berdasarkan laba kena pajak untuk tahun yang on the taxable income for the year, calculated
bersangkutan yang dihitung berdasarkan tarif pajak using tax rates enacted or substantively enacted at
yang berlaku atau yang secara substansial telah the reporting date.
berlaku pada tanggal pelaporan.
Bank dan Entitas Anak menerapkan metode aset The Bank and Subsidiary adopt the asset and
dan liabilitas dalam menghitung beban pajaknya. liability method in determining their income tax
Dengan metode ini, aset dan liabilitas pajak expense. Under this method, deferred tax assets
tangguhan diakui pada setiap tanggal pelaporan and liabilities are recognized at each reporting date
sebesar perbedaan temporer aset dan liabilitas for temporary differences between the accounting
untuk tujuan akuntansi dan tujuan pajak. Metode ini and tax bases of assets and liabilities. This method
juga mengharuskan pengakuan manfaat pajak di also requires the recognition of future tax benefits,
masa akan datang, jika kemungkinan realisasi to the extent that realization of such benefits is
manfaat tersebut di masa mendatang cukup besar probable. Currently enacted or substantively
(probable). Tarif pajak yang berlaku atau yang enacted tax rates are used in the determination of
secara substansial telah berlaku digunakan dalam deferred income tax.
menentukan pajak penghasilan tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognized to the extent
kemungkinan besar bahwa jumlah laba fiskal pada that it is probable that future taxable profit will be
masa datang akan memadai untuk mengkompensasi available to compensate the temporary differences
perbedaan temporer yang menimbulkan aset pajak which result in such deferred tax assets.
tangguhan tersebut.
Aset dan liabilitas pajak penghasilan tangguhan Deferred income tax assets and liabilities are offset
dapat saling hapus apabila terdapat hak yang when there is a legally enforceable right to offset
berkekuatan hukum untuk melakukan saling hapus current tax assets against current tax liabilities and
antara aset pajak kini dengan liabilitas pajak kini dan when the deferred income tax assets and liabilities
apabila aset dan liabilitas tangguhan terkait pajak relate to income taxes levied by the same taxation
penghasilan yang dikenakan oleh otoritas authority on either the same taxable entity or
perpajakan yang sama, baik atas entitas kena pajak different taxable entities where there is an intention
yang sama ataupun berbeda dan adanya niat untuk to settle the balances on a net basis.
melakukan penyelesaian saldo-saldo tersebut
secara neto.
Perubahan terhadap kewajiban perpajakan dicatat Amendments to taxation obligations are recorded
pada saat diterimanya surat ketetapan, atau apabila when an assessment letter is received or, if appeal
dilakukan banding, atau ketika hasil banding is applied, or when the results of the appeal are
diterima. received.
LAMPIRAN – 5/51 – SCHEDULE
618 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 621
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
ad. Imbalan kerja ad. Employee benefits
Imbalan kerja jangka pendek Short-term employees’ benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employees’ benefits are recognized
terutang kepada karyawan berdasarkan metode when they are owed to the employees based on
akrual. accrual method.
Imbalan kerja jangka panjang dan imbalan Long-term and post-employment benefits
pasca-kerja
Imbalan kerja jangka panjang dan imbalan Long-term and post-employment benefits, such as
pasca-kerja, seperti pensiun, uang pesangon, uang pension, severance pay, service pay and other
penghargaan dan imbalan lainnya, dihitung benefits, are calculated in accordance with
berdasarkan “Peraturan Perusahaan” yang telah “Company Regulation” which is in line with Labour
sesuai dengan Undang-undang Ketenagakerjaan Law No.13/2003 (“Law 13/2003”) for the Bank and
No.13/2003 (“UU 13/2003”) untuk Bank dan sesuai in accordance with Labor Law No.11 of year 2020
dengan Undang-undang No. 11 Tahun 2020 on Job Creation (Job Creation Law) for Subsidiary.
Tentang Cipta Kerja (Undang Undang Cipta Kerja)
untuk Entitas Anak.
Bank dan Entitas Anak menerapkan PSAK 24, Bank and Subsidiary applies PSAK 24, Employee
Imbalan Kerja. Benefits.
Kewajiban imbalan pasca-kerja yang diakui di The obligation for post-employment benefits
laporan posisi keuangan dihitung berdasarkan nilai recognized in the statement of financial position is
kini dari estimasi kewajiban imbalan pasca-kerja di calculated at present value of estimated future
masa depan yang timbul dari jasa yang telah benefits that the employees have earned in return
diberikan oleh karyawan pada masa kini dan masa for their services in the current and prior years,
lalu, dikurangi dengan nilai wajar aset neto dana deducted by any plan assets. The calculation is
pensiun. Perhitungan dilakukan oleh aktuaris performed by an independent actuary using the
independen dengan metode projected-unit-credit. projected-unit-credit method.
Ketika imbalan pasca-kerja berubah, porsi kenaikan When the post-employment benefits change, the
atau penurunan imbalan sehubungan dengan jasa portion of the increased or decreased benefits
yang telah diberikan oleh karyawan pada masa lalu relating to past services by employees is charged
dibebankan atau dikreditkan ke dalam laporan laba or credited to the statement of profit or loss. To the
rugi. Imbalan pasca-kerja yang telah dan belum extent that the benefits vest and not yet vest, the
menjadi hak karyawan diakui segera sebagai beban expense is recognized immediately in the
dalam laporan laba rugi. statement of profit or loss.
Keuntungan atau kerugian aktuarial yang timbul dari Actuarial gains or losses arising from experience
penyesuaian dan perubahan dalam asumsi-asumsi adjustments and changes in actuarial assumptions
aktuarial langsung diakui seluruhnya melalui are directly fully recognized to other
penghasilan atau beban komprehensif lainnya pada comprehensive income or expense in the year
tahun dimana keuntungan/(kerugian) aktuarial when such actuarial gains/(losses) occur.
terjadi.
Bank dan Entitas Anak telah memiliki program Bank and Subsidiary also has a defined
pensiun iuran pasti yang mana Bank dan Entitas contribution pension program where Bank and
Anak membayar iuran ke dana pensiun lembaga Subsidiary pays contributions to a financial
keuangan yang dihitung berdasarkan persentase institution pension plan which is calculated at a
tertentu dari penghasilan tetap yang diterima certain percentage of fixed income of employees
karyawan yang sudah memenuhi kriteria yang who meet Bank and Subsidiary’ criteria. The
ditetapkan Bank dan Entitas Anak. Iuran dibebankan contributions are charged to the statement of profit
ke dalam laporan laba rugi pada saat terhutang. or loss as they become payable.
LAMPIRAN – 5/52 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 619
Page 622
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
ad. Imbalan kerja (lanjutan) ad. Employee benefits (continued)
Imbalan kerja jangka panjang lainnya Other long-term employment benefits
Entitas Anak memberikan imbalan kerja jangka Subsidiary provides other long-term employment
panjang lainnya berupa tunjangan cuti besar yang benefits in the form of long service leave award
ditentukan sesuai dengan Peraturan Entitas Anak. which is determined in compliance with the
Perkiraan beban imbalan ini dihitung dan diakui Subsidiary’ Regulation. The expected costs of
sepanjang masa kerja karyawan dengan these benefits are calculated and recognized over
menggunakan metode yang diterapkan dalam the year of employment, using a method which is
menghitung kewajiban imbalan pasca-kerja. applied in calculating obligation for post-
Kewajiban ini dihitung minimum satu tahun sekali employment benefits. These obligations are
oleh aktuaris independen. Imbalan kerja jangka calculated minimum once a year by an
panjang lainnya yang telah menjadi hak karyawan independent actuary. Other long term employment
diakui segera sebagai beban dalam laporan laba benefits that are vested, are recognized as
rugi. expense immediately in the statement of profit or
loss.
Pesangon Termination benefits
Pesangon terutang ketika karyawan dihentikan kontrak Termination benefits are payable whenever an
kerjanya sebelum usia pensiun normal. Bank dan employee’s employment is terminated before the
Entitas Anak mengakui kewajiban pesangon ketika normal retirement age. The Bank and Subsidiary
Bank dan Entitas Anak menunjukkan komitmennya recognize termination benefits liability when it is
untuk memutuskan kontrak kerja dengan karyawan demonstrably committed to terminate the employment
berdasarkan suatu rencana formal terperinci yang kecil of current employees according to a detailed formal
kemungkinannya untuk dibatalkan. Pesangon yang plan and the possibility to withdraw the plan is remote.
akan dibayarkan dalam waktu lebih dari 12 bulan Benefits falling due more than 12 months after the
setelah tanggal pelaporan didiskontokan untuk reporting date are discounted at present value.
mencerminkan nilai kini.
Program kompensasi jangka panjang Long-term compensation program
Bank dan Entitas Anak memberikan program The Bank and Subsidiary provide long-term
kompensasi jangka panjang kepada Direksi dan compensation program to the Bank’s and Subsidiary’
karyawan Bank dan Entitas Anak yang memenuhi Board of Directors and eligible employees. The
persyaratan. Program ini diberikan berdasarkan program is granted based on achievement of certain
pencapaian target tertentu perusahaan dan peringkat corporate measurements and individual performance
kerja perorangan. Beban kompensasi dihitung rating. The compensation expense is calculated
berdasarkan nilai uang yang dikeluarkan Bank dan based on the amount of money paid by the Bank and
Entitas Anak dan diamortisasi selama masa tunggu. Subsidiary and is amortized during the holding period.
Ae. Laba bersih per saham ae. Earnings per share
Laba bersih per saham dasar dihitung dengan Basic earnings per share are computed by dividing net
membagi laba bersih yang diatribusikan kepada pemilik income attributable to equity holders of parent entity
entitas induk dengan rata-rata tertimbang jumlah with the weighted average number of shares
saham yang beredar pada tahun berjalan. outstanding during the year.
Af. Beban emisi saham af. Shares issuance cost
Beban yang terjadi sehubungan dengan Penawaran Cost incurred in relation with Limited Public Offering
Umum Terbatas dengan Hak Memesan Efek Terlebih with Pre-emptive Rights (Rights Issue) is recorded as
Dahulu (Rights Issue), dicatat sebagai pengurang deduction from the additional paid-up capital which
tambahan modal disetor, yang merupakan selisih represents the excess of funds received from the
antara nilai yang diterima dari pemegang saham shareholders over the par value of shares.
dengan nilai nominal saham.
LAMPIRAN – 5/53 – SCHEDULE
620 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 623
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING POLICIES
(lanjutan) (continued)
ag. Dividen ag. Dividend
Pembagian dividen kepada para pemegang saham Dividend distribution to the Bank’s shareholders is
Bank diakui sebagai sebuah liabilitas dalam laporan recognized as a liability in the Bank and Subsidiary’
keuangan konsolidasian Bank dan Entitas Anak pada consolidated financial statements in the year in which
tahun ketika dividen tersebut disetujui oleh para the dividends are approved by the Bank’s and
pemegang saham Bank dan Entitas Anak. Subsidiary’ shareholders.
Ah. Transaksi dengan pihak yang berelasi ah. Transactions with related parties
Bank dan Entitas Anak melakukan transaksi dengan The Bank and Subsidiary enter into transactions with
pihak yang berelasi. Dalam laporan keuangan related parties. In these consolidated financial
konsolidasian ini, istilah pihak yang berelasi mengacu statements, the term related parties are used as
pada ketentuan PSAK 7, “Pengungkapan Pihak- defined in the PSAK 7, “Related Party Disclosures”.
Pihak yang Berelasi”.
Jenis transaksi dan saldo dengan pihak-pihak The nature of transactions and balances of accounts
berelasi, yang dilakukan berdasarkan persyaratan with related parties, which are made based on
usaha pada umumnya, yang disetujui oleh kedua commercial terms agreed by the parties, whereby
belah pihak, dimana persyaratan tersebut mungkin such terms may not be the same as those of the
tidak sama dengan transaksi lain yang dilakukan transactions between unrelated parties, are disclosed
dengan pihak-pihak yang tidak berelasi, diungkapkan in the notes to the consolidated financial statements.
dalam catatan atas laporan keuangan konsolidasian.
Ai. Pinjaman subordinasi ai. Subordinated loan
Pinjaman subordinasi diakui sebesar nilai wajar pada Subordinated loan are initially recognized at fair value
awalnya dan selanjutnya diukur sebesar nilai biaya and subsequently measured at amortized cost using
perolehan diamortisasi dengan menggunakan metode the effective interest rate method. Amortized cost is
suku bunga efektif. Biaya perolehan diamortisasi calculated by taking into account any discount or
dihitung dengan memperhitungkan adanya diskonto premium on subordinated loan and transaction costs
atau premi terkait dengan pengakuan awal pinjaman that are an integral part of the effective interest rate.
subordinasi dan biaya transaksi yang merupakan
bagian yang tidak terpisahkan dari suku bunga efektif.
Aj. Segmen operasi aj. Operating segments
Segmen operasi adalah komponen dari Bank yang An operating segment is a component of the Bank that
terlibat dalam aktivitas bisnis yang menghasilkan engages in business activities from which it may earn
pendapatan dan menimbulkan beban, termasuk revenues and incur expenses, including revenues and
pendapatan dan beban yang terkait dengan transaksi expenses that relate to transactions with any of the
dengan komponen lain Bank, dimana hasil operasinya Bank’s other components, whose operating results
dikaji ulang secara berkala oleh pengambil keputusan are ’eviewed regularly by the chief operating decision-
operasional untuk membuat keputusan mengenai maker to make decisions about resources allocated to
sumber daya yang akan dialokasikan pada segmen the ’egment and assess Its performance and for which
tersebut dan menilai kinerjanya, serta tersedia informasi discrete financial information is available. Segment
keuangan yang dapat dipisahkan. Hasil segmen yang results that are reported to the chief operating
dilaporkan kepada pengambil keputusan operasional decision-maker include items directly attributable to a
meliputi komponen-komponen yang dapat diatribusikan segment, as well as those that can be allocated on a
secara langsung kepada suatu segmen dan komponen- reasonable basis. Unallocated items mainly comprise
komponen yang dapat dialokasikan dengan dasar yang of income tax assets and liabilities, including current
wajar. Komponen yang tidak dapat dialokasikan and deferred taxes and fixed assets.
terutama terdiri dari aset dan liabilitas pajak
penghasilan, termasuk pajak kini dan pajak tangguhan
serta aset tetap.
LAMPIRAN – 5/54 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 621
Page 624
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGEMENTS
a. Sumber utama atas ketidakpastian estimasi a. Key sources of estimation uncertainty
a.1. Cadangan kerugian kredit ekspektasian a.1. Allowances for expected credit losses
Evaluasi atas kerugian penurunan nilai Financial assets accounted for at amortized cost
dilakukan atas aset keuangan yang dicatat and debt securities classified as measured at
pada biaya perolehan diamortisasi dan efek fair value through other comprehensive income
utang yang diklasifikasikan sebagai diukur are evaluated for impairment.
pada nilai wajar melalui penghasilan
komprehensif lain.
Cadangan kerugian penurunan nilai terkait The specific counterparty component of the total
dengan pihak lawan spesifik dalam seluruh allowances for impairment applies to claims
cadangan kerugian penurunan nilai dibentuk evaluated individually for impairment and is
atas tagihan yang penurunan nilainya based upon management’s best estimate of the
dievaluasi secara individual berdasarkan present value of the cash flows that are
estimasi terbaik manajemen atas nilai tunai expected to be received. In calculating
arus kas yang diharapkan akan diterima. allowance for impairment losses, management
Dalam menghitung cadangan kerugian makes judgements about the counterparty’s
penurunan nilai, manajemen membuat financial situation and the net realizable value of
pertimbangan mengenai kondisi keuangan dari any underlying collateral. Each impaired asset is
pihak lawan dan nilai neto yang dapat assessed on its merits, and the workout strategy
direalisasi dari agunan yang diterima. Setiap and estimated cash flows considered
aset yang mengalami penurunan nilai recoverable are independently approved by the
dievaluasi, dan strategi penyelesaiannya serta credit risk unit.
estimasi arus kas yang dinilai dapat diperoleh
kembali disetujui secara independen oleh
bagian risiko kredit.
Informasi mengenai pertimbangan dan Information regarding the judgments and
estimasi yang dibuat oleh Bank diungkapkan di estimates made by the Bank are disclosed in
Catatan 50b. Note 50b.
Ketepatan dari cadangan ini bergantung pada The accuracy of the allowances depends on
seberapa tepat estimasi arus kas masa depan how accurate these future cash flows are
untuk menentukan cadangan individual serta estimated for individual allowances and the
asumsi model dan parameter yang digunakan model assumptions and parameters used in
dalam penentuan cadangan kolektif. determining collective allowances.
a.2. Cadangan kerugian penurunan nilai aset yang a.2. Allowances for impairment losses of non-
bukan aset keuangan financial assets
Penurunan nilai muncul saat nilai tercatat aset An impairment exists when the carrying value
atau Unit Penghasil Kas (“UPK”) melebihi nilai of an asset or Cash Generating Unit (“CGU”)
terpulihnya, yaitu yang lebih besar antara nilai exceeds its recoverable amount, which is the
wajar dikurangi biaya untuk menjual dan nilai higher of its fair value less costs to sell and its
pakainya. Nilai wajar dikurangi biaya untuk value in use. The fair value less costs to sell
menjual didasarkan pada ketersediaan data calculation is based on available data from
dari perjanjian penjualan yang mengikat yang binding sales transactions in an arm’s length
dibuat dalam transaksi normal atas aset serupa transaction of similar assets or observable
atau harga pasar yang dapat diamati dikurangi market prices less incremental costs for
dengan biaya tambahan yang dapat disposing the asset.
diatribusikan dengan pelepasan aset.
LAMPIRAN – 5/55 – SCHEDULE
622 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 625
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGEMENTS
(lanjutan) (continued)
a. Sumber utama atas ketidakpastian estimasi a. Key sources of estimation uncertainty
(lanjutan) (continued)
a.3. Penentuan nilai wajar a.3. Determining fair values
Dalam menentukan nilai wajar atas aset In determining the fair value of financial
keuangan dan liabilitas keuangan dimana tidak assets and financial liabilities for which there
terdapat harga pasar yang dapat diobservasi, is no observable market price, the Bank and
Bank dan Entitas Anak menggunakan teknik Subsidiary use the valuation techniques. For
penilaian. Untuk instrumen keuangan yang financial instruments that are traded
jarang diperdagangkan dan tidak memiliki infrequently and have less price
harga yang transparan, nilai wajarnya menjadi transparency, fair value is less objective, and
kurang obyektif dan karenanya, membutuhkan requires varying degrees of judgement
tingkat pertimbangan yang beragam, depending on liquidity, concentration,
tergantung pada likuiditas, konsentrasi, uncertainty of market factors, pricing
ketidakpastian faktor pasar, asumsi penentuan assumptions, and other risks affecting the
harga, dan risiko lainnya yang mempengaruhi specific instrument.
instrumen tertentu.
a.4. Pensiun a.4. Pension
Kewajiban liabilitas imbalan pasca-kerja Obligations for post-employment benefit are
ditentukan berdasarkan perhitungan aktuarial. determined based on actuarial valuation. The
Perhitungan aktuarial menggunakan asumsi- actuarial valuation involves assumptions
asumsi seperti tingkat diskonto, tingkat such as discount rate, salary increase rate,
kenaikan penghasilan, tingkat kematian, tingkat mortality rate, resignation rate, and others.
pengunduran diri, dan lain-lain.
b. Pertimbangan akuntansi yang penting dalam b. Critical accounting judgements in applying the
menerapkan kebijakan akuntansi Bank dan Entitas Bank and Subsidiary’ accounting policies
Anak
Pertimbangan akuntansi yang penting dalam Critical accounting judgements made in applying the
menerapkan kebijakan akuntansi Bank dan Entitas Bank and Subsidiary’ accounting policies include:
Anak meliputi:
Penilaian instrumen keuangan Valuation of financial instruments
Bank dan Entitas Anak mengukur nilai wajar dengan The Bank and Subsidiary measure fair values using
menggunakan hierarki dari metode berikut: the following hierarchy of methods:
• Harga kuotasi di pasar aktif untuk instrumen • Quoted market price in an active market for an
keuangan yang identik. identical instrument.
• Teknik penilaian berdasarkan input yang dapat • Valuation techniques based on observable
diobservasi. Termasuk dalam kategori ini adalah inputs. This category includes instruments valued
instrumen keuangan yang dinilai dengan using quoted market prices in active markets for
menggunakan harga kuotasi di pasar aktif untuk similar instruments; quoted prices for similar
instrumen yang sejenis; harga kuotasi untuk instruments in markets that are considered less
instrumen keuangan yang sejenis di pasar yang than active; or other valuation techniques where
kurang aktif; atau teknik penilaian lainnya all significant inputs are directly or indirectly
dimana seluruh input signifikan yang digunakan observable from market data.
dapat diobservasi secara langsung ataupun tidak
langsung dari data yang tersedia di pasar.
LAMPIRAN – 5/56 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 623
Page 626
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGEMENTS
(lanjutan) (continued)
b. Pertimbangan akuntansi yang penting dalam b. Critical accounting judgements in applying the
menerapkan kebijakan akuntansi Bank dan Entitas Bank and Subsidiary’ accounting policies
Anak (lanjutan) (continued)
Nilai wajar dari aset keuangan dan liabilitas keuangan Fair values of financial assets and financial liabilities
yang diperdagangkan di pasar aktif didasarkan pada that are traded in active markets are based on quoted
kuotasi harga pasar atau kuotasi dari harga dealer. market prices or dealer price quotations. For all other
Untuk seluruh instrumen keuangan lainnya, Bank dan financial instruments, the Bank and Subsidiary
Entitas Anak menentukan nilai wajar dengan determine fair values using valuation techniques.
menggunakan teknik penilaian. Teknik penilaian Valuation techniques include net present value and
termasuk model nilai tunai dan arus kas yang discounted cash flow models, and comparison to
didiskontokan, dan perbandingan dengan instrumen similar instruments for which market observable
yang sejenis dimana terdapat harga pasar yang dapat prices exist. Assumptions and inputs used in
diobservasi. Asumsi dan input yang digunakan dalam valuation techniques include risk-free and benchmark
teknik penilaian termasuk suku bunga bebas risiko (risk- interest rates, credit spreads and other variable used
free) dan suku bunga acuan, credit spread dan variabel in estimating discount rates, bond prices, foreign
lainnya yang digunakan dalam mengestimasi tingkat currency exchange rates, and expected price
diskonto, harga obligasi, kurs mata uang asing, serta volatilities and correlations.
tingkat kerentanan dan korelasi harga yang diharapkan.
Tujuan dari teknik penilaian adalah penentuan nilai The objective of valuation techniques is to arrive at a
wajar yang mencerminkan harga dari instrumen fair value determination that reflects the price of the
keuangan pada tanggal pelaporan yang akan financial instrument at the reporting date that would
ditentukan oleh para pelaku di pasar dalam suatu have been determined by market participants acting
transaksi yang wajar. at arm’s length.
4. KAS 4. CASH
2023 2022
Rupiah 2.209.048 2.546.733 Rupiah
Mata uang asing (Catatan 55) 153.173 213.044 Foreign currencies (Note 55)
2.362.221 2.759.777
Saldo dalam mata uang Rupiah termasuk uang pada mesin The Rupiah balance includes cash in ATMs (Automated
ATM (Anjungan Tunai Mandiri) sejumlah Rp478.174 pada Teller Machines) amounted to Rp478,174 as of
tanggal 31 Desember 2023 (2022: Rp378.784). 31 December 2023 (2022: Rp378,784).
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
2023 2022
Rupiah 4.186.704 5.829.939 Rupiah
Mata uang asing (Catatan 55) 847.891 1.087.934 Foreign currencies (Note 55)
5.034.595 6.917.873
LAMPIRAN – 5/57 – SCHEDULE
624 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 627
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Pemenuhan Giro Wajib Minimum (GWM) Bank dalam mata Fulfillment of Bank’s Statutory Reserve Requirement
uang Rupiah dan Valuta Asing sesuai Peraturan Bank (GWM) in Rupiah and Foreign Currency as regulated in
Indonesia (PBI) No.20/3/PBI/2018 dan perubahan Bank Indonesia Regulation (PBI) No.20/3/PBI/2018 and its
terakhirnya dalam PBI No.24/4/PBI/2022 serta peraturan- latest amendment in PBI No.24/4/PBI/2022 along with it’s
peraturan pelaksanaannya dan pemenuhan Penyangga implementation regulations and fulfilment of
Likuiditas Makroprudensial (PLM) sesuai sesuai PBI Macroprudential Liquidity Buffer (PLM) as regulated in Bank
No.20/4/PBI/2018 dan perubahan terakhirnya dalam PBI Indonesia Regulation (PBI) No.20/4/PBI/2018 and its latest
No.24/16/PBI/2022 serta peraturan-peraturan amendment in PBI No.24/16/PBI/2022 along with it’s
pelaksanaannya. Adapun rasio GWM Rupiah dan mata implementation regulations. Then, GWM ratio in both
uang asing serta rasio PLM yang harus dipenuhi Bank Rupiah and foreign currency along with PLM ratio that must
pada tanggal 31 Desember 2023 dan 2022 adalah sebagai be met as of 31 December 2023 and 2022 as follows:
berikut:
2023 2022
Konvensional Conventional
Rupiah Rupiah
GWM secara harian1) 0,00% 0,00% Daily GWM1)
GWM Secara Rata-rata1) 7,00% 7,90% Average GWM1)
Penyangga Likuiditas
Makroprudensial (PLM) 5,00% 6,00% Macroprudential Liquidity Buffer
Mata uang asing Foreign currency
GWM secara harian 2,00% 2,00% Daily GWM
GWM secara rata-rata 2,00% 2,00% Average GWM
Unit Usaha Syariah Syariah Business Unit
Rupiah Rupiah
GWM secara harian1) 0,00% 0,00% Daily GWM1)
GWM Secara Rata-rata1) 4,60% 6,50% Average GWM1)
Mata uang asing Foreign currencies
GWM mata uang asing 1,00% 1,00% Foreign currency GWM
1) 1)
Insentif yang diterima Bank atas penyaluran kredit atau pembiayaan Incentive received by the bank on providing loans or financing which
sebagaimana diatur dalam peraturan BI mengenai Kebijakan Insentif regulated in Bank Indonesia regulation related to Macroprudential
Likuiditas Makroprudensial berupa remunerasi atau insentif (‘athaya) Liquiditiy Incentive as remuneration or incentive (‘athaya) to fulfil
terhadap pemenuhan GWM Rupiah untuk konvensional dan UUS pada Statutory Reserves in Rupiah for conventional and UUS on 31 December
31 Desember 2023 masing-masing sebesar 2,00% dan 2,90% (posisi 2022: 2023 amounted to 2.00% and 2.90% respectively (2022: 1.10% and
masing-masing 1,10% dan 1,00%). Dengan demikian, pemenuhan GWM 1.00%, respectively). Then, on 31 December 2023, the fulfilment of
Rupiah pada 31 Desember 2023 untuk konvesional yang seharusnya wajib Statutory Reserves in Rupiah for conventional which should be 0.00% for
dipenuhi secara harian 0,00% dan secara rata-rata 9,00% menjadi 7% dan daily GWM and 9.00% an average become 7% and for UUS, which
untuk UUS yang seharusnya wajib dipenuhi secara harian 0,00% dan should be 0.00% for daily GWM and 7.50% an average become 4.60%
secara rata-rata sebesar 7,50% menjadi 4,60%.
LAMPIRAN – 5/58 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 625
Page 628
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Pada tanggal 31 Desember 2023 dan 31 Desember 2022, As of 31 December 2023, and 31 December 2022, the
Bank telah memenuhi rasio sesuai ketentuan di atas. Bank has fulfilled the ratio as mentioned above. The Rupiah
Berikut adalah rasio GWM Rupiah dan mata uang asing and Foreign currencies Minimum Statutory Reserves Ratio
serta PLM adalah sebagai berikut: and PLM are as follows:
2023 2022
Konvensional Conventional
Rupiah Rupiah
GWM secara harian1) 0,00% 0,00% Daily GWM1)
GWM secara rata-rata 7,10% 7,97% Average GWM
Penyangga Likuiditas
Makroprudensial (PLM) 15,78% 22,70% Macroprudential Liquidity Buffer
Mata uang asing Foreign currency
GWM secara harian2) 2,00% 2,00% Daily GWM2)
GWM secara rata-rata 2,29% 2,12% Average GWM
Unit Usaha Syariah Syariah Business Unit
Rupiah Rupiah
GWM secara harian3) 0,00% 0,00% Daily GWM3)
GWM Secara Rata-rata 4,72% 6,67% Average GWM
Mata uang asing Foreign currencies
GWM mata uang asing 1,16% 1,52% Foreign currency GWM
1) 1)
Realisasi GWM konvensional secara harian Rupiah pada 31 Desember 2023 Realization of Daily GWM for conventional in Rupiah as of 31 December
dan 2022 masing-masing sebesar 3,94% dan 5,96%. 2023 and 2022 amounted to 3.94% and 5.96%, respectively.
2) 2)
Realisasi GWM konvensional secara harian mata uang asing pada Realization of Daily GWM in foreign currency as of 31 December 2023 and
31 Desember 2023 dan 2022 masing-masing sebesar 4,51% dan 4,35%. 2022 amounted to 4.51% and 4.35%, respectively.
3) 3)
Realisasi GWM syariah secara harian untuk Rupiah pada 31 Desember 2023 Realization of Daily GWM for syariah in Rupiah as of 31 December 2023
dan 2022 masing-masing sebesar 1,67% dan 4,19%. and 2022 amounted to 1.67% and 4.19%, respectively.
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
2023 2022
Rupiah 813.471 751.567 Rupiah
Mata uang asing
(Catatan 55) 1.320.815 1.499.319 Foreign currencies (Note 55)
2.134.286 2.250.886
Dikurangi: Less:
Kerugian kredit ekspektasian (155) (233) Expected credit losses
2.134.131 2.250.653
Suku bunga efektif rata-rata tertimbang per tahun The weighted average effective interest rate per
untuk tahun yang berakhir pada tanggal 31 Desember annum for the year ended 31 December 2023 was
2023 adalah 0,03% untuk Rupiah dan 1,63% untuk 0.03% for Rupiah and 1.63% for foreign currencies
mata uang asing (2022: 0,05% dan 0,40%). (2022: 0.05% and 0.40%).
LAMPIRAN – 5/59 – SCHEDULE
626 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 629
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
b. Berdasarkan kolektibilitas BI b. By BI collectibility
Berdasarkan ketentuan BI yang berlaku, semua giro Based on the prevailing BI regulation, all current
pada Bank lain pada tanggal 31 Desember 2023 dan accounts with other Banks as of 31 December 2023
2022 digolongkan lancar. and 2022 were classified as current.
c. Perubahan kerugian kredit ekspektasian c. Movements of expected credit losses
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 233 - - 233 Beginning balance
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (130) - - (130) remeasurement
Perubahan model atau Change in model or
parameter 18 - - 18 parameter
Selisih kurs 34 - - 34 Exchange rate difference
Saldo Akhir 155 - - 155 Ending Balance
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 1.589 - - 1.589 Beginning balance
Aset keuangan yang
baru diperoleh 1 - - 1 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (1.366) - - (1.366) remeasurement
Selisih kurs 9 - - 9 Exchange rate difference
Saldo Akhir 233 - - 233 Ending Balance
Manajemen berpendapat bahwa jumlah kerugian Management believes that the expected credit losses
kredit ekspektasian atas giro pada Bank lain telah on current accounts with other Banks is adequate.
memadai.
LAMPIRAN – 5/60 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 627
Page 630
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENTS WITH OTHER BANKS AND BANK
INDONESIA INDONESIA
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Penempatan pada Bank Indonesia Placements with Bank Indonesia
- Fasilitas simpanan Deposit facility of –-
Bank Indonesia (FASBI) 4.699.315 2.174.713 Bank Indonesia (FASBI)
- Fasilitas simpanan Bank Sharia Deposit facility of Bank -
Indonesia Syariah (FASBIS) 1.176.000 810.000 Indonesia (FASBIS)
5.875.315 2.984.713
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
Penempatan pada Bank Indonesia Placements with Bank Indonesia
- Deposito berjangka Bank Indonesia 3.156.385 4.748.088 Time deposit of Bank Indonesia -
9.031.700 7.732.801
Suku bunga efektif rata-rata tertimbang per tahun The weighted average effective interest rate per
untuk tahun yang berakhir pada tanggal annum for the year ended 31 December 2023 was
31 Desember 2023 adalah 5,39% untuk Rupiah dan 5.39% for Rupiah and 4.91% for foreign currencies
4,91% untuk mata uang asing (2022: 2,99% dan (2022: 2.99% and 2.41%).
2,41%).
b. Berdasarkan kolektibilitas BI b. By BI collectibility
Berdasarkan ketentuan BI yang berlaku, seluruh Based on the prevailing BI Regulation, all placements
penempatan pada Bank lain dan Bank Indonesia pada with other Banks and Bank Indonesia as of
tanggal 31 Desember 2023 dan 2022 digolongkan 31 December 2023 and 2022 were classified as
sebagai lancar. current.
c. Perubahan kerugian kredit ekspektasian c. Movements of expected credit losses
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal - - - - Beginning balance
Aset keuangan yang
baru diperoleh 417 - - 417 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (417) - - (417) and remeasurement
Saldo Akhir - - - - Ending Balance
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 23 - - 23 Beginning balance
Aset keuangan yang
baru diperoleh 380 - - 380 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (408) - - (408) and remeasurement
Selisih kurs 5 - - 5 Exchange rate difference
Saldo Akhir - - - - Ending Balance
Manajemen berpendapat bahwa jumlah kerugian kredit Management believes that the expected credit
ekspektasian atas penempatan pada Bank lain telah losses on placements with other Banks is adequate.
memadai.
LAMPIRAN – 5/61 – SCHEDULE
628 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 631
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK 8. MARKETABLE SECURITIES
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Nilai Nilai Nilai Nilai
nominal/ tercatat/ nominal/ tercatat/
Nominal Carrying Nominal Carrying
value value value value
Biaya perolehan diamortisasi
(harga perolehan, setelah Amortized cost
dikurangi premi/diskonto (cost, net of unamortized
yang belum diamortisasi): premium/discount):
Rupiah Rupiah
- Surat berharga lainnya 1.349.218 1.349.218 1.105.743 1.105.743 Other marketable securities -
- Wesel ekspor - - 2.856 2.856 Export bills -
1.349.218 1.349.218 1.108.599 1.108.599
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- Surat berharga lainnya 49.915 49.915 - - Other marketable securities -
- Wesel ekspor - - 49.862 49.862 Export bills -
49.915 49.915 49.862 49.862
Jumlah biaya perolehan
diamortisasi 1.399.133 1.399.133 1.158.461 1.158.461 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain: comprehensive income:
Rupiah Rupiah
- Obligasi 1.170.000 1.167.568 1.381.400 1.387.445 Bonds -
- Sekuritas Rupiah Bank Indonesia 350.000 333.053 - - Bank Indonesia Rupiah Securities -
1.520.000 1.500.621 1.381.400 1.387.445
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- Obligasi 408.021 401.289 420.323 412.904 Bonds -
Jumlah nilai wajar melalui Total fair value through
penghasilan komprehensif lain 1.928.021 1.901.910 1.801.723 1.800.349 other comprehensive income
Nilai wajar melalui laba rugi: Fair value through Profit or Loss:
Rupiah Rupiah
- Sekuritas Rupiah Bank Indonesia 291.977 282.472 - - Bank Indonesia Rupiah Securities -
- Obligasi 1.000 1.010 5.000 5.163 Bonds -
292.977 283.482 5.000 5.163
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- MUFG Innovation Partners MUFG Innovation Partners -
Garuda – No.1 Investment Garuda No.1 Investment Limited
Limited Partnership 30.631 30.794 - - Partnership
Jumlah nilai wajar melalui laba rugi 323.608 314.276 5.000 5.163 Total fair value through profit or loss
Jumlah efek-efek 3.650.762 3.615.319 2.965.184 2.963.973 Total marketable securities
Dikurangi: Less:
Kerugian kredit ekspektasian (354.649) (36.846) Expected credit losses
Jumlah efek-efek-neto 3.260.670 2.927.127 Total marketable securities-net
LAMPIRAN – 5/62 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 629
Page 632
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
a. Berdasarkan jenis dan mata uang (lanjutan) a. By type and currency (continued)
Wesel ekspor tidak terdaftar di bursa efek. The export bills are not listed at a stock exchange.
Selama tahun yang berakhir pada tanggal During the year ended 31 December 2023, unrealized
31 Desember 2023, keuntungan neto yang belum net gains arising from changes in fair value of
direalisasi atas perubahan nilai wajar efek-efek marketable securities classified as trading securities
dalam klasifikasi diperdagangkan diakui pada are recorded in profit or loss amounted to Rp61 (2022:
laporan laba rugi sebesar Rp61 (2022: kerugian neto net losses amounted to Rp46).
sebesar Rp46).
Bank dan Entitas Anak mengakui keuntungan neto The Bank and Subsidiary recognized net gains from
atas penjualan efek-efek sejumlah Rp2.465 untuk the sale of marketable securities amounted to
tahun yang berakhir pada tanggal 31 Desember Rp2,465 for the year ended 31 December 2023
2023 (2022: keuntungan neto sejumlah Rp9.472). (2022: net gains amounted to Rp9,472).
b. Berdasarkan penerbit b. By issuer
2023 2022
Bank-Bank 1.227.095 738.248 Banks
Korporasi 2.388.224 2.225.725 Corporates
3.615.319 2.963.973
Dikurangi: Less:
Kerugian kredit ekspektasian (354.649) (36.846) Expected credit losses
3.260.670 2.927.127
c. Berdasarkan kolektibilitas BI c. By BI collectability
2023 2022
Lancar 3.532.359 2.963.973 Current
Diragukan 82.960 - Doubtful
3.615.319 2.963.973
Dikurangi: Less:
Kerugian kredit ekspektasian (354.649) (36.846) Expected credit losses
3.260.670 2.927.127
d. Berdasarkan peringkat d. By rating
Peringkat/ Nilai tercatat/Nilai wajar/
Rating Carrying Value/Fair Value
Pemeringkat/
Rated by 2023 2022 2023 2022
Biaya perolehan diamortisasi/
Amortized cost
Rupiah/Rupiah
Tidak Diperingkat/ Tidak Diperingkat/
Wesel SKBDN/SKBDN Bills N/A Not rated Not rated 21.603 19.069
Tidak Diperingkat/
Wesel Ekspor/Export Bills N/A - Not rated - 2.856
Tidak Diperingkat/ Tidak Diperingkat/
Wesel lainnya/Other Bills N/A Not rated Not rated 1.327.615 1.086.674
1.349.218 1.108.599
Mata Uang Asing/Foreign
Currency
Tidak Diperingkat/ Tidak Diperingkat/
Wesel SKBDN/SKBDN Bills N/A Not rated Not rated 49.915 46.564
Tidak Diperingkat/
Wesel Ekspor/Export Bills N/A - Not rated - 3.298
49.915 49.862
Jumlah biaya perolehan diamortisasi/
Total amortized cost 1.399.133 1.158.461
LAMPIRAN – 5/63 – SCHEDULE
630 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 633
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
\
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
d. Berdasarkan peringkat (lanjutan) d. By rating (continued)
Peringkat/ Nilai Tercatat/Nilai Wajar/
Rating Carrying Value/Fair Value
Pemeringkat/
Rated by 2023 2022 2023 2022
Nilai wajar melalui penghasilan komprehensif lain/
Fair value through other comprehensive income:
Rupiah/Rupiah
Sekuritas Rupiah Bank Indonesia - - - 333.053 -
Obligasi Berkelanjutan I Bussan Auto Finance Tahap III Tahun 2021 Seri B Fitch AAA(idn) AAA(idn) 128.977 129.712
Obligasi Berkelanjutan I JACCS MPM Finance Indonesia Tahap I Tahun 2022
Seri B Fitch AA(idn) AA(idn) 99.826 99.927
Obligasi Berkelanjutan V Astra Sedaya Finance Tahap IV Tahun 2022 Seri B Pefindo idAAA idAAA 98.925 98.631
Obligasi Berkelanjutan III Sarana Multi Infrastruktur Tahap III Tahun 2023 Seri C Pefindo idAAA - 91.966 -
Obligasi Berkelanjutan II Protelindo Tahap II Tahun 2021 Seri B Fitch AAA(idn) AAA(idn) 78.789 78.473
Obligasi Berkelanjutan II Bussan Auto Finance Tahap II Tahun 2022 Seri B Pefindo idAAA idAAA 70.788 70.068
Obligasi Berkelanjutan V Federal International Finance Tahap V Tahun 2023
Seri B Fitch AAA(idn) - 70.721 -
Obligasi Berkelanjutan II XL Axiata Tahap I Tahun 2022 Seri A Fitch AAA(idn) AAA(idn) 69.893 70.832
Obligasi Berkelanjutan III Bank BRI Tahap I Tahun 2019 Seri C Pefindo idAAA idAAA 57.386 58.980
Obligasi Berwawasan Sosial Berkelanjutan I Sarana Multigriya Finansial Tahap I
Tahun 2023 Pefindo idAAA - 46.058 -
Obligasi Berwawasan Lingkungan (Green Bond) I Pt Bank Negara Indonesia
(Persero) Tbk Tahun 2022 Seri A Pefindo idAAA idAAA 44.613 45.545
Obligasi Berkelanjutan IV SANF Dengan Tingkat Bunga Tetap Tahap II Tahun
2023 Seri C Fitch AA(idn) - 43.842 -
Obligasi Berkelanjutan V Astra Sedaya Finance Tahap III Tahun 2021 Seri B Pefindo idAAA idAAA 43.440 43.571
Obligasi Berkelanjutan II Bank Maybank Indonesia Tahap I Tahun 2017 Seri B Pefindo idAAA idAAA 30.250 31.034
Obligasi Berkelanjutan V Mandiri Tunas Finance Tahap III Tahun 2022
Seri A Pefindo idAAA idAAA 29.723 30.801
Obligasi Berkelanjutan III Chandra Asri Petrochemical Tahan III Tahun 2021
Seri A Pefindo idAA- idAA- 27.048 28.372
Obligasi Berkelanjutan I Bank Mandiri Taspen Tahap I Tahun 2019 Seri B Fitch AA(idn) AA(idn) 20.145 20.355
Obligasi II KB Finansia Multi Finance Tahun 2023 Seri B Fitch AAA(idn) - 20.123 -
Obligasi Berkelanjutan II Indonesia Infrastructure Finance Tahap I Tahun 2023
Seri C Pefindo idAAA - 20.025 -
Obligasi Berkelanjutan IV Indomobil Finance Dengan Tingkat Bunga Tetap Tahap
III Tahun 2022 Seri B Pefindo idA+ idA+ 18.590 19.476
Obligasi Berkelanjutan III Bank UOB Indonesia Tahap I Tahun 2021 Fitch AAA(idn) AAA(idn) 14.876 14.870
Obligasi Berkelanjutan V Federal International Finance Tahap II Tahun 2021
Seri B Fitch AAA(idn) AAA(idn) 14.795 14.767
Obligasi Berkelanjutan III Toyota Astra Financial Services Tahap II Tahun 2022
Seri B Fitch AAA(idn) AAA(idn) 14.794 14.785
Obligasi Berkelanjutan I Bank Mandiri Taspen Tahap II Tahun 2021 Seri A Fitch AA(idn) - 11.975 11.963
Obligasi Berkelanjutan II Bank CIMB Niaga Tahap IV Tahun 2018 Seri C Pefindo - idAAA - 3.066
Obligasi Berkelanjutan II Bank Panin Tahap III Tahun 2018 Pefindo - idAA - 62.582
Obligasi Berkelanjutan IV Astra Sedaya Finance Tahap IV Tahun 2020 Seri B Pefindo - idAAA - 70.302
Obligasi Berkelanjutan III Chandra Asri Petrochemical Tahan I Tahun 2020 Seri A Pefindo - idAA- - 10.095
Obligasi Berkelanjutan III Chandra Asri Petrochemical Tahan II Tahun 2020 Pefindo - idAA- - 32.466
Obligasi Berkelanjutan V Federal International Finance Tahap I Tahun 2021
Seri B Fitch - AAA(idn) - 30.072
Obligasi Berkelanjutan IV Federal International Finance Tahap II Tahun 2020
Seri B Fitch - AAA(idn) - 37.446
Obligasi Berkelanjutan I Indonesia Infrastructure Finance Tahap II Tahun 2020
Seri B Pefindo - idAAA - 25.223
Obligasi Berkelanjutan I Mayora Indah Tahap III Tahun 2018 Pefindo - idAA - 46.331
Obligasi Berkelanjutan IV Pegadaian Tahap II Tahun 2020 Seri B Pefindo - idAAA - 95.036
Obligasi Berkelanjutan I Protelindo Tahap I Tahun 2016 Seri C Fitch - AAA(idn) - 2.052
Obligasi Berkelanjutan II Sarana Multi Infrastruktur Tahap V Tahun 2020 Seri A Pefindo - idAAA - 90.612
1.500.621 1.387.445
LAMPIRAN – 5/64 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 631
Page 634
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
d. Berdasarkan peringkat (lanjutan) d. By rating (continued)
Peringkat/ Nilai tercatat/Nilai wajar/
Pemeringkat/ Rating Carrying value/Fair value
Rated by 2023 2022 2023 2022
Nilai wajar melalui penghasilan komprehensif lain (lanjutan)/
Fair value through other comprehensive income (continued):
Mata Uang Asing/Foreign Currencies
Obligasi Berkelanjutan Bank Mandiri Tahun 2019 Moody’s Baa2 Baa2 214.243 182.905
Obligasi Berkelanjutan Bank BRI Tahun 2019 Moody’s Baa2 Baa2 145.554 144.800
PT Indonesia Infrastruktur Finance Fitch BBB - 41.492 -
Obligasi Berkelanjutan Bank BRI Tahun 2018 Moody’s - Baa2 - 85.199
401.289 412.904
Jumlah nilai wajar melalui penghasilan komprehensif lain/
Total fair value through other comprehensive income 1.901.910 1.800.349
Nilai wajar melalui laba rugi/fair value through profit or loss
Rupiah/Rupiah
Sekuritas Rupiah Bank Indonesia - - - 282.472 -
Obligasi Berkelanjutan II Bank Mandiri Tahap I Tahun 2020 Seri A Pefindo idAAA idAAA 1.010 1.908
Obligasi Berkelanjutan III Bank BRI Tahap I tahun 2019 Seri C Pefindo - idAAA - 3.156
Obligasi Berwawasan Lingkungan Berkelanjutan I Bank BRI Tahap I Tahun 2022 Seri B Pefindo - idAAA - 99
283.482 5.163
Mata Uang Asing/Foreign Currencies
MUFG Innovation Partners Garuda No.1 Investment Limited Partnership - - - 30.794 -
Jumlah nilai wajar melalui laba rugi/Total fair value
through profit or loss 314.276 5.163
Jumlah efek-efek/Total marketable securities 3.615.319 2.963.973
Dikurangi/Less:
Kerugian kredit ekspektasian/Expected credit losses (354.649) (36.846)
Jumlah efek-efek-neto/Total marketable securities-net 3.260.670 2.927.127
e. Perubahan keuntungan/(kerugian) yang belum e. Movements of unrealized gains/(losses)
direalisasi
Perubahan keuntungan/(kerugian) yang belum Movements of unrealized gains/(losses) for marketable
direalisasi atas efek-efek dalam kelompok diukur pada securities measured at fair value through other
nilai wajar melalui penghasilan komprehensif lain comprehensive income are as follows:
adalah sebagai berikut:
2023 2022
Saldo awal – sebelum Beginning balance -
pajak penghasilan tangguhan (182) 86.465 before deferred income tax
Penambahan kerugian
yang belum direalisasi Additional unrealized losses
Selama tahun berjalan – neto (5.560) (77.792) during the year – net
Keuntungan yang direalisasi ke Realized gains to profit or loss
laba rugi atas penjualan efek-efek from sale of marketable
selama tahun berjalan – neto (479) (8.855) securities during the year – net
Jumlah sebelum pajak Total before deferred
penghasilan tangguhan (6.221) (182) income tax
Pajak penghasilan tangguhan 1.369 40 Deferred income tax
Saldo akhir – neto (4.852) (142) Ending balance – net
LAMPIRAN – 5/65 – SCHEDULE
632 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 635
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
f. Perubahan kerugian kredit ekspektasian f. Movements of expected credit losses
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 36.846 - - 36.846 Beginning balance
Aset keuangan yang
baru diperoleh 24.946 - - 24.946 New financial assets
Transfer ke penurunan Transferred to credit impaired
kredit (Tahap 3) (31.169) - 31.169 - (Stage 3)
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali 13.421 - 474.779 488.200 remeasurement
Perubahan model atau Change in model or
parameter 237 - - 237 parameter
Aset keuangan yang Derecognition of financial
sudah dilunasi (19.279) - (176.300) (195.579) assets
Selisih kurs (1) - - (1) Exchange rate difference
Saldo Akhir 25.001 - 329.648 354.649 Ending Balance
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 19.689 - - 19.689 Beginning balance
Aset keuangan yang
baru diperoleh 77.489 - - 77.489 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali 20.855 - - 20.855 remeasurement
Aset keuangan yang Derecognition of financial
sudah dilunasi (81.190) - - (81.190) assets
Selisih kurs 3 - - 3 Exchange rate difference
Saldo Akhir 36.846 - - 36.846 Ending Balance
Manajemen berpendapat bahwa jumlah kerugian Management believes that the expected credit losses
kredit ekspektasian atas efek-efek telah memadai. on marketable securities is adequate.
g. Suku bunga/marjin efektif rata-rata tertimbang per g. The weighted average effective interest/margin
tahun untuk tahun yang berakhir pada tanggal rate per annum for the year ended 31 December
31 Desember 2023 dan 2022 2023 and 2022
2023 2022
Obligasi korporasi – Rupiah 6,51% 6,87% Corporate bonds – Rupiah
Obligasi korporasi - Corporate bonds – foreign
mata uang asing 5,14% 4,19% currency
Sekuritas Rupiah Bank
Indonesia 6,21% - Bank Indonesia Rupiah Securities
Sekuritas Valas Bank Bank Indonesia Foreign Exchange
Indonesia 5,08% - Securities
LAMPIRAN – 5/66 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 633
Page 636
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. EFEK YANG DIBELI DENGAN JANJI DIJUAL 9. SECURITIES PURCHASED UNDER RESALE
KEMBALI AGREEMENTS
2023
Tingkat
Nilai suku Nilai
Jenis efek/ nominal/ bunga/ Tanggal dimulai/ Tanggal jatuh tercatat/
Type of Nominal Interest Commencement tempo/ Carrying
Pihak penjual/Counterparty securities amount rate date Maturity date value
24 Februari/ 23 Februari/
Bank Indonesia Jakarta VR94_12_29 400.000 6,71% February 2023 February 2024 373.880
24 Februari/ 23 Februari/
Bank Indonesia Jakarta VR94_12_29 400.000 6,70% February 2023 February 2024 373.880
17 Februari/ 16 Februari/
Bank Indonesia Jakarta VR94_12_29 300.000 6,70% February 2023 February 2024 280.005
12 Mei/ 10 Mei/
Bank Indonesia Jakarta VR87_09_30 300.000 6,51% May 2023 May 2024 279.683
10 Maret/ 8 Maret/
Bank Indonesia Jakarta VR84_08_29 250.000 6,71% March 2023 March 2024 231.575
6 Januari/ 5 Januari/
Bank Indonesia Jakarta FR80_06_35 200.000 6,68% January 2023 January 2024 192.473
24 Februari/ 23 Februari/
Bank Indonesia Jakarta VR94_12_29 200.000 6,70% February 2023 February 2024 186.940
3 Maret/ 1 Maret/
Bank Indonesia Jakarta VR85_08_30 200.000 6,71% March 2023 March 2024 184.997
19 Mei/ 17 Mei/
Bank Indonesia Jakarta VR94_12_29 150.000 6,51% May 2023 May 2024 139.964
17 Februari/ 16 Februari/
Bank Indonesia Jakarta VR94_12_29 100.000 6,71% February 2023 February 2024 93.335
10 Februari/ 9 Februari/
Bank Indonesia Jakarta VR48_10_27 50.000 6,71% February 2023 February 2024 47.714
2.550.000 2.384.446
2022
Tingkat
Nilai suku Nilai
Jenis efek/ nominal/ bunga/ Tanggal dimulai/ Tanggal jatuh tercatat/
Type of Nominal Interest Commencement tempo/ Carrying
Pihak penjual/Counterparty securities amount rate date Maturity date value
29 Desember/ 05 Januari/
Bank Indonesia Jakarta VR46_10_25 2.000.000 5,50% December 2022 January 2023 1.920.828
28 Desember/ 04 Januari/
Bank Indonesia Jakarta VR42_09_25 1.700.000 5,50% December 2022 January 2023 1.615.001
29 Desember/ 05 Januari/
Bank Indonesia Jakarta VR35_08_26 1.300.000 5,50% December 2022 January 2023 1.243.251
13 Desember/ 10 Januari/
Bank Indonesia Jakarta VR49_10_28 500.000 5,79% December 2022 January 2023 466.360
28 Desember/ 25 Januari/
Bank Indonesia Jakarta VR64_12_27 300.000 6,03% December 2022 January 2023 285.356
23 Desember/ 20 Januari/
Bank Indonesia Jakarta FR96_02_33 200.000 6,03% December 2022 January 2023 190.888
30 Desember/ 29 Desember/
Bank Indonesia Jakarta VR67_12_27 150.000 6,68% December 2022 December 2023 143.071
6.150.000 5.864.755
Klasifikasi kolektibilitas efek yang dibeli dengan janji Collectibility classification of securities purchased
dijual kembali tersebut adalah lancar. under resale agreements was current.
LAMPIRAN – 5/67 – SCHEDULE
634 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 637
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. TAGIHAN DAN LIABILITAS DERIVATIF 10. DERIVATIVE RECEIVABLES AND LIABILITIES
2023
Nilai kontrak/nosional
(setara dengan Dolar
Amerika Serikat)/ Nilai wajar/Fair values
Contract/notional amount
(equivalent to Tagihan derivatif/ Liabilitas derivatif/
United States Dollar) Derivative receivables Derivative liabilities
Bank Bank Bank
Counterparty/ Counterparty/ Counterparty/
Counterparty Nasabah/ Counterparty Nasabah/ Counterparty Nasabah/
Instrumen Bank Customer Bank Customer Bank Customer Instruments
Diperdagangkan: Trading:
Kontrak tunai mata uang asing 114.822.085 2.330.568 927 101 2.118 4 Foreign currency spot
Kontrak berjangka mata uang asing 184.323.849 203.590.093 18.699 22.380 19.759 7.860 Foreign currency forward
Swap mata uang asing 2.057.211.801 83.919.725 191.690 8.985 237.530 13.196 Foreign currency swap
Option mata uang asing 417.831 56.794.340 1.696 - 8 15.520 Foreign currency option
Cross currency swap 30.000.000 155.473.899 - 26.480 11.305 18.656 Cross currency swap
Interest rate swap 649.477 - 2 - - - Interest rate swap
213.014 57.946 270.720 55.236
Lindung nilai: Hedging:
Cross currency swap 2.160.000.000 - 1.006 - - - Cross currency swap
214.020 57.946 270.720 55.236
2022
Nilai kontrak/nosional
(setara dengan Dolar
Amerika Serikat)/ Nilai wajar/Fair values
Contract/notional amount
(equivalent to Tagihan derivatif/ Liabilitas derivatif/
United States Dollar) Derivative receivables Derivative liabilities
Bank Bank Bank
Counterparty/ Counterparty/ Counterparty/
Counterparty Nasabah/ Counterparty Nasabah/ Counterparty Nasabah/
Instrumen Bank Customer Bank Customer Bank Customer Instruments
Diperdagangkan: Trading:
Kontrak tunai mata uang asing 128.077.811 6.057.533 1.899 223 6.408 22 Foreign currency spot
Kontrak berjangka mata uang asing 643.753.870 187.993.479 40.185 13.166 19.922 12.390 Foreign currency forward
Swap mata uang asing 2.343.743.464 106.977.852 299.590 6.879 160.713 3.637 Foreign currency swap
Option mata uang asing 1.953.925 1.953.925 1.493 - 12 27.779 Foreign currency option
Cross currency swap - 98.811.114 - 25.463 - 12.225 Cross currency swap
343.167 45.731 187.055 56.053
Lindung nilai: Hedging:
Cross currency swap/Interest rate Cross currency swap
swap 50.416.667 - 40.884 - 5.693 - /Interest rate swap
384.051 45.731 192.748 56.053
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2023, the losses from
31 Desember 2023, kerugian atas perubahan nilai wajar changes in fair value of derivative instruments which was
instrument derivatif yang diakui dalam laba rugi sebesar recorded in the profit or loss amounted to Rp216,654
Rp216.654 (2022: keuntungan sebesar Rp94.111). (2022: gains amounted to Rp94,111).
Jumlah nosional adalah suatu jumlah dalam unit mata uang A notional amount is a number of the currency units
yang disebutkan dalam perjanjian. Jumlah dalam daftar di specified in the contract. The amount in the above table is
atas disajikan secara bruto (penjumlahan posisi beli dan jual presented at gross basis (a sum of buy and sell position in
secara absolut). Tagihan/liabilitas derivatif merupakan nilai absolute amount). Derivative receivables/liabilities
penyelesaian transaksi derivatif pada tanggal pelaporan. represent the settlement value of derivative instruments
as of the reporting date.
LAMPIRAN – 5/68 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 635
Page 638
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 10. DERIVATIVE RECEIVABLES AND LIABILITIES
(continued)
Lindung nilai arus kas atas risiko tingkat suku bunga Cash flow hedge of interest rate and foreign
dan mata uang asing currency risks
ADMF melakukan kontrak cross currency swap dengan ADMF entered into cross currency swap contracts to
tujuan lindung nilai atas risiko fluktuasi arus kas yang hedge the risk of fluctuations in cash flow arising from
ditimbulkan oleh kurs mata uang dan tingkat suku bunga exchange rates and interest rates on borrowing.
atas pinjaman yang diterima.
Pada tanggal 31 Desember 2023, ADMF mempunyai As of 31 December 2023, ADMF has an outstanding
kontrak cross currency swap dengan pihak ketiga yang cross currency swap contracts with third party which is
masih berjalan dengan PT Bank Maybank Indonesia Tbk. PT Bank Maybank Indonesia Tbk.
Perubahan kerugian yang belum direalisasi: Movements of unrealized losses:
2023 2022
Saldo awal (4.331) (78.508) Beginning balance
Keuntungan penyesuaian Gains on fair value
nilai wajar lindung nilai arus kas 3.372 74.177 adjustments of cashflow hedge
Jumlah sebelum pajak Total before deferred
penghasilan tangguhan (959) (4.331) income tax
Pajak penghasilan tangguhan 211 954 Deferred income tax
Saldo akhir – neto (748) (3.377) Ending balance – net
Pada tanggal 31 Desember 2023 dan 2022, jumlah yang As of 31 December 2023 and 2022, the total amount had
telah direklasifikasi dari ekuitas ke laporan laba rugi tahun been reclassified from equity to the current year profit or
berjalan adalah sebagai berikut: loss are as follows:
2023 2022
The amount had been reclassified from
Jumlah yang telah direklasifikasi dari equity to profit on foreign
ekuitas ke laba selisih kurs – bersih (17.010) 146.315 exchange – net
Jumlah yang telah direklasifikasi dari The amount had been reclassified from
ekuitas ke beban bunga dan equity to interest expense and
keuangan (5.618) (122.751) financing charges
(22.628) 23.564
Berdasarkan ketentuan Bank Indonesia yang berlaku, Based on prevailing Bank Indonesia regulation,
seluruh tagihan derivatif digolongkan sebagai lancar. all derivatives receivables were classified as current.
LAMPIRAN – 5/69 – SCHEDULE
636 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 639
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN 11. LOANS
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Modal kerja 70.288.724 64.524.831 Working capital
Konsumsi 36.467.803 28.250.916 Consumer
Investasi 23.321.969 15.905.855 Investment
130.078.496 108.681.602
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
Modal kerja 11.759.408 11.024.535 Working capital
Investasi 1.812.977 1.550.008 Investment
13.572.385 12.574.543
Jumlah 143.650.881 121.256.145 Total
Dikurangi: Less:
Kerugian kredit ekspektasian (7.337.274) (6.657.002) Expected credit losses
Jumlah – neto 136.313.607 114.599.143 Total – net
Kualitas pinjaman yang diberikan berdasarkan Loans quality by staging approach and by type:
pendekatan tahapan dan berdasarkan jenis:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Modal kerja 72.707.513 2.161.501 3.846.945 3.332.173 82.048.132 Working capital
Konsumsi 29.677.669 1.032.133 717.360 5.040.641 36.467.803 Consumer
Investasi 19.978.461 420.026 1.926.531 2.809.928 25.134.946 Investment
122.363.643 3.613.660 6.490.836 11.182.742 143.650.881
Dikurangi: Less:
Kerugian kredit Expected credit
ekspektasian*) (1.409.324) (1.039.254) (4.460.872) (427.824) (7.337.274) Losses*)
Jumlah – neto 120.954.319 2.574.406 2.029.964 10.754.918 136.313.607 Total – net
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Modal kerja 64.541.325 3.757.470 4.166.503 3.084.068 75.549.366 Working capital
Konsumsi 22.610.868 893.349 645.211 4.101.488 28.250.916 Consumer
Investasi 13.151.760 556.824 1.726.363 2.020.916 17.455.863 Investment
100.303.953 5.207.643 6.538.077 9.206.472 121.256.145
Dikurangi: Less:
Kerugian kredit Expected credit
ekspektasian*) (1.355.095) (693.569) (4.294.851) (313.487) (6.657.002) Losses*)
Jumlah – neto 98.948.858 4.514.074 2.243.226 8.892.985 114.599.143 Total – net
*) KKE untuk Syariah menggunakan kerugian historis sesuai PSAK *) ECL for Sharia using incurred loss based on PSAK 55 and PPAP
55 dan PPAP BI. BI.
LAMPIRAN – 5/70 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 637
Page 640
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
b. Berdasarkan sektor ekonomi b. By economic sector
Kualitas pinjaman yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas: collectability:
2023
Dalam Kerugian
Perhatian Kurang kredit
Khusus/ Lancar/ ekspektasian/
Lancar/ Special Sub- Diragukan/ Macet/ Expected
Current Mention standard Doubtful Loss credit losses Neto/Net
Rupiah Rupiah
Perantara keuangan 13.300.091 10.395 54 63 3.159 (27.820) 13.285.942 Financial intermediary
Industri pengelolahan 22.342.289 471.353 137.202 11.213 361.557 (1.500.245) 21.823.369 Manufacturing
Konstruksi 4.594.063 105.814 3.107 63.869 271.437 (468.700) 4.569.590 Construction
Electricity, gas,
Listrik, gas dan uap/air 812.598 14.842 166 137 610 (6.756) 821.597 and steam/water
Transportasi, Transportation,
pergudangan dan Warehousing and
komunikasi 7.223.656 203.200 37.159 9.409 26.785 (307.491) 7.192.718 communications
Penyediaan akomodasi
dan penyediaan Accommodation and food
makan minum 599.010 56.113 1.255 1.315 945 (167.218) 491.420 and beverages
Perdagangan besar
dan eceran 24.687.717 1.157.995 65.309 192.804 917.458 (2.078.079) 24.943.204 Wholesale and retail
Pertambangan dan
penggalian 384.141 37.986 124 2.545 50.307 (59.305) 415.798 Mining and excavation
Pertanian, kehutanan Agriculture, forestry
dan perikanan 2.840.607 291.781 9.477 13.999 11.456 (150.201) 3.017.119 and fisheries
Rumah tangga 30.554.138 4.886.134 193.318 286.309 331.099 (2.060.813) 34.190.185 Households
Lain-lain 12.164.086 281.017 14.590 12.087 29.146 (160.778) 12.340.148 Others
119.502.396 7.516.630 461.761 593.750 2.003.959 (6.987.406) 123.091.090
Mata uang asing Foreign Currencies
Perantara keuangan 5.116.977 - - - - (3.036) 5.113.941 Financial intermediary
Industri pengelolahan 4.125.292 100.469 - - 5.257 (204.614) 4.026.404 Manufacturing
Konstruksi 10.008 - - - - (6) 10.002 Construction
Electricity, gas,
Listrik, gas dan uap/air 4.061 - - - - (2) 4.059 and steam/water
Transportasi, Transportation,
pergudangan dan Warehousing and
komunikasi 34.970 - - - - (89) 34.881 communications
Perdagangan besar
dan eceran 445.481 - - - - (2.548) 442.933 Wholesale and retail
Pertambangan dan
penggalian 1.276.873 133.827 - - - (131.822) 1.278.878 Mining and excavation
Pertanian, kehutanan Agriculture, forestry
dan perikanan 1.385.730 - - - - (4.879) 1.380.851 and fisheries
Lain-lain 933.440 - - - - (2.872) 930.568 Others
13.332.832 234.296 - - 5.257 (349.868) 13.222.517
Jumlah 132.835.228 7.750.926 461.761 593.750 2.009.216 (7.337.274) 136.313.607 Total
LAMPIRAN – 5/71 – SCHEDULE
638 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 641
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas pinjaman yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas: collectability:
2022
Dalam Kerugian
Perhatian Kurang kredit
Khusus/ Lancar/ ekspektasian/e
Lancar/ Special Sub- Diragukan/ Macet/ xpected credit
Current Mention standard Doubtful Loss losses Neto/Net
Rupiah Rupiah
Perantara keuangan 14.828.994 4.333 40 1.555 5.122 (33.880) 14.806.164 Financial intermediary
Industri pengelolahan 17.482.353 486.050 252.799 18.147 328.490 (1.139.617) 17.428.222 Manufacturing
Konstruksi 4.663.192 80.686 7.037 70.641 221.229 (337.326) 4.705.459 Construction
Electricity, gas,
Listrik, gas dan uap/air 49.420 8.384 51 434 167 (2.649) 55.807 and steam/water
Transportasi, Transportation,
pergudangan dan warehousing and
komunikasi 6.073.912 202.777 12.358 11.312 23.113 (317.737) 6.005.735 communications
Penyediaan akomodasi
dan penyediaan Accommodation and food
makan minum 725.855 39.429 336 981 976 (29.794) 737.783 and beverages
Perdagangan besar
dan eceran 21.336.908 1.248.280 310.931 370.280 783.981 (2.017.135) 22.033.245 Wholesale and retail
Pertambangan dan
penggalian 2.258.981 28.671 648 756 67.317 (82.683) 2.273.690 Mining and excavation
Pertanian, kehutanan Agriculture, forestry
dan perikanan 1.932.903 169.141 4.238 6.728 14.574 (87.049) 2.040.535 and fisheries
Rumah tangga 23.760.760 3.784.942 218.032 301.745 185.041 (1.998.278) 26.252.242 Households
Lain-lain 6.056.398 199.412 21.268 6.014 13.480 (133.200) 6.163.372 Others
99.169.676 6.252.105 827.738 788.593 1.643.490 (6.179.348) 102.502.254
Mata uang asing Foreign currencies
Perantara keuangan 1.775.896 - - - - (2.467) 1.773.429 Financial intermediary
Industri pengelolahan 8.319.784 249.631 - - 8.835 (292.149) 8.286.101 Manufacturing
Konstruksi 19.249 - - - - (204) 19.045 Construction
Electricity, gas,
Listrik, gas dan uap/air 5.914 - - - - (4) 5.910 and steam/water
Transportasi, Transportation,
pergudangan dan warehousing and
komunikasi 104.455 - - - - (4.114) 100.341 communications
Perdagangan besar
dan eceran 1.057.766 - - - - (17.611) 1.040.155 Wholesale and retail
Pertambangan dan
penggalian 105.859 156.325 - - - (156.164) 106.020 Mining and excavation
Pertanian, kehutanan Agriculture, forestry
dan perikanan 700.537 - - - - (4.251) 696.286 and fisheries
Lain-lain 70.292 - - - - (690) 69.602 Others
12.159.752 405.956 - - 8.835 (477.654) 12.096.889
Jumlah 111.329.428 6.658.061 827.738 788.593 1.652.325 (6.657.002) 114.599.143 Total
LAMPIRAN – 5/72 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 639
Page 642
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas pinjaman yang diberikan berdasarkan Loans quality by staging approach and economic
pendekatan tahapan secara sektor ekonomi: sector:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Perantara keuangan 16.908.201 7.623 224 1.514.691 18.430.739 Financial intermediary
Industri pengelolahan 24.441.649 593.333 1.922.836 596.814 27.554.632 Manufacturing
Konstruksi 3.306.047 180.411 302.239 1.259.601 5.048.298 Construction
Electricity, gas,
Listrik, gas dan uap/air 806.552 631 1.438 23.793 832.414 and steam/water
Transportasi, Transportation,
pergudangan dan warehousing and
komunikasi 5.733.864 163.863 1.416.803 220.649 7.535.179 communications
Penyediaan akomodasi
dan penyediaan Accommodation and food
makan minum 290.603 164.234 181.078 22.723 658.638 and beverages
Perdagangan besar
dan eceran 23.348.355 1.335.873 1.513.533 1.269.003 27.466.764 Wholesale and retail
Pertambangan dan
penggalian 1.612.365 11.425 185.161 76.852 1.885.803 Mining and excavation
Pertanian, kehutanan Agriculture, forestry
dan perikanan 3.511.487 30.823 195.061 815.679 4.553.050 and fisheries
Rumah tangga 29.469.853 1.023.502 717.001 5.040.642 36.250.998 Households
Lainnya 12.934.667 101.942 55.462 342.295 13.434.366 Others
122.363.643 3.613.660 6.490.836 11.182.742 143.650.881
Dikurangi: Less:
Kerugian kredit
ekspektasian*) (1.409.324) (1.039.254) (4.460.872) (427.824) (7.337.274) Expected credit losses*)
Jumlah – neto 120.954.319 2.574.406 2.029.964 10.754.918 136.313.607 Total – net
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Perantara keuangan 15.291.773 16.737 111 1.307.319 16.615.940 Financial intermediary
Industri pengelolahan 23.595.197 1.037.176 1.892.520 621.196 27.146.089 Manufacturing
Konstruksi 3.350.571 177.732 266.027 1.267.704 5.062.034 Construction
Electricity, gas,
Listrik, gas dan uap/air 41.646 765 641 21.318 64.370 and steam/water
Transportasi, Transportation,
pergudangan dan warehousing and
komunikasi 4.659.993 224.720 1.406.836 136.378 6.427.927 communications
Penyediaan akomodasi
dan penyediaan Accommodation and food
makan minum 380.524 342.938 29.529 14.586 767.577 and beverages
Perdagangan besar
dan eceran 20.122.510 2.201.148 1.975.040 809.448 25.108.146 Wholesale and retail
Pertambangan dan
penggalian 2.322.678 21.595 218.610 55.674 2.618.557 Mining and excavation
Pertanian, kehutanan Agriculture, forestry
dan perikanan 1.971.199 178.806 64.039 614.077 2.828.121 and fisheries
Rumah tangga 22.610.470 893.349 645.213 4.101.488 28.250.520 Households
Lainnya 5.957.392 112.677 39.511 257.284 6.366.864 Others
100.303.953 5.207.643 6.538.077 9.206.472 121.256.145
Dikurangi: Less:
Kerugian kredit
ekspektasian*) (1.355.095) (693.569) (4.294.851) (313.487) (6.657.002) Expected credit losses*)
Jumlah – neto 98.948.858 4.514.074 2.243.226 8.892.985 114.599.143 Total – net
*) KKE untuk Syariah menggunakan kerugian historis sesuai PSAK 55 *) ECL for Sharia using incurred loss based on PSAK 55 and PPAP BI.
dan PPAP BI.
LAMPIRAN – 5/73 – SCHEDULE
640 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 643
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
c. Berdasarkan wilayah geografis c. By geographic region
2023 2022
Jakarta, Bogor, Tangerang, Jakarta, Bogor, Tangerang,
Karawang, Bekasi, dan Karawang, Bekasi, and
Lampung 102.295.934 86.737.280 Lampung
Sumatera Utara 10.045.345 7.189.163 North Sumatera
Jawa Timur 7.433.546 5.835.043 East Java
Jawa Barat 6.801.681 6.153.125 West Java
Jawa Tengah dan Yogyakarta 6.026.816 5.861.157 Central Java and Yogyakarta
Sulawesi, Maluku, dan Papua 4.402.694 3.632.692 Sulawesi, Maluku, and Papua
Kalimantan 3.256.018 2.529.567 Kalimantan
Sumatera Selatan 2.099.753 2.020.346 South Sumatera
Bali, NTT, dan NTB 1.289.094 1.297.772 Bali, NTT, and NTB
Jumlah 143.650.881 121.256.145 Total
Dikurangi: Less:
Kerugian kredit ekspektasian (7.337.274) (6.657.002) Expected credit losses
Jumlah – neto 136.313.607 114.599.143 Total – net
d. Pinjaman yang direstrukturisasi d. Restructured loans
Pinjaman yang direstrukturisasi meliputi antara lain Restructured loans consist of loans with rescheduled
penjadwalan ulang pembayaran pokok pinjaman principal and interest payments, adjusted interest
dan bunga, penyesuaian tingkat suku bunga, dan rates, and reduced overdue interest.
pengurangan tunggakan bunga.
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Current Mention standard Doubtful Loss Total
Modal Kerja 1.649.957 780.777 158.597 152.577 1.286.696 4.028.604 Working capital
Konsumsi 1.805.910 296.530 2.841 7.445 66.139 2.178.865 Consumer
Investasi 224.333 413.267 20.800 16.959 146.454 821.813 Investment
3.680.200 1.490.574 182.238 176.981 1.499.289 7.029.282
Dikurangi: Less:
Kerugian kredit Expected credit
ekspektasian (873.430) (925.913) (157.857) (169.421) (1.481.142) (3.607.763) losses
Jumlah – neto 2.806.770 564.661 24.381 7.560 18.147 3.421.519 Total – net
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Current Mention standard Doubtful Loss Total
Modal Kerja 3.183.929 1.314.367 519.930 350.334 1.187.814 6.556.374 Working capital
Konsumsi 2.072.836 511.356 32.475 31.133 47.218 2.695.018 Consumer
Investasi 1.213.340 558.533 99.717 95.923 73.590 2.041.103 Investment
6.470.105 2.384.256 652.122 477.390 1.308.622 11.292.495
Dikurangi: Less:
Kerugian kredit Expected credit
ekspektasian (781.994) (998.863) (550.043) (445.648) (1.284.844) (4.061.392) losses
Jumlah – neto 5.688.111 1.385.393 102.079 31.742 23.778 7.231.103 Total – net
LAMPIRAN – 5/74 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 641
Page 644
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
e. Pinjaman sindikasi e. Syndicated loans
Pinjaman sindikasi merupakan pinjaman yang Syndicated loans represent loans provided to
diberikan kepada debitur berdasarkan perjanjian debtors under syndication agreements with other
pembiayaan bersama (sindikasi) dengan Bank-Bank Banks. Total syndicated loans as of 31 December
lain. Jumlah pinjaman sindikasi pada tanggal 2023 amounted to Rp4,997,766
31 Desember 2023 adalah sebesar Rp4.997.766 (2022: Rp3,260,021). The percentage of
(2022: Rp3.260.021). Persentase keikutsertaan participation of the Bank as a member of
Bank dalam pinjaman sindikasi sebagai anggota syndications as of 31 December 2023 and 2022
pada tanggal 31 Desember 2023 dan 2022 adalah ranges 2.00% - 64.00% and 2.00% - 10.00% of each
sebesar 2,00% - 64,00% dan 2,00% - 10,00% dari syndicated loan facility.
masing-masing fasilitas pinjaman sindikasi.
f. Perubahan kerugian kredit ekspektasian f. Movements of expected credit losses
Perubahan kerugian kredit ekspektasian adalah Movements of expected credit losses are as follows:
sebagai berikut:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 1.355.095 693.569 4.294.851 313.487 6.657.002 Beginning balance
Aset keuangan yang
baru diperoleh 1.391.044 46.340 10.817 - 1.448.201 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (449.660) 1.513.314 2.302.326 - 3.365.980 remeasurement
Perubahan model atau Change in model or
parameter (49.459) 870 (3.065) - (51.654) parameter
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 755.812 (536.308) (219.504) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (734.177) 1.147.588 (413.411) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (183.223) (1.566.923) 1.750.146 - - impaired (Stage 3)
Penerimaan kembali
pinjaman yang telah Recoveries from loans
dihapusbukukan 15 6.174 1.432.508 - 1.438.697 write off
Penghapusbukuan selama
tahun berjalan (52.489) (13.422) (2.639.753) - (2.705.664) Write offs during the year
Aset keuangan yang telah Derecognition of financial
dilunasi (622.495) (251.829) (2.046.152) - (2.920.476) assets
Selisih kurs (1.139) (119) (7.891) - (9.149) Exchange rate difference
Syariah*) - - - 114.337 114.337 Sharia*)
Saldo Akhir 1.409.324 1.039.254 4.460.872 427.824 7.337.274 Ending Balance
*) *)
KKE untuk Syariah menggunakan kerugian historis sesuai PSAK 55 dan ECL for Sharia using incurred loss based on PSAK 55 and PPAP BI.
PPAP BI.
LAMPIRAN – 5/75 – SCHEDULE
642 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 645
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
f. Perubahan kerugian kredit ekspektasian f. Movements of expected credit losses
(lanjutan) (continued)
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 1.313.282 693.689 3.858.326 261.166 6.126.463 Beginning balance
Aset keuangan yang
baru diperoleh 1.394.127 104.867 1.364 - 1.500.358 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (892.049) 933.387 3.003.606 - 3.044.944 and remeasurement
Perubahan model atau Change in model or
parameter 140.624 23.808 12.238 - 176.670 parameter
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 1.563.907 (1.312.091) (251.816) - - (Stage 1)
Transfer ke kerugian kredit
ekspektasian Transferred to lifetime
sepanjang umurnya expected credit losses
(Tahap 2) (1.191.472) 1.940.700 (749.228) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (182.982) (1.397.685) 1.580.667 - - impaired (Stage 3)
Penerimaan Kembali
pinjaman yang telah Recoveries from loans
dihapusbukukan 18 34.042 1.719.103 - 1.753.163 write off
Penghapusbukuan selama
tahun berjalan (15.523) (43.785) (3.418.849) - (3.478.157) Write offs during the year
Aset keuangan yang telah Derecognition of financial
dilunasi (778.643) (284.489) (1.487.876) - (2.551.008) assets
Selisih kurs 3.806 1.126 27.316 - 32.248 Exchange rate difference
Syariah*) - - - 52.321 52.321 Sharia*)
Saldo Akhir 1.355.095 693.569 4.294.851 313.487 6.657.002 Ending Balance
*) *)
KKE untuk Syariah menggunakan kerugian historis sesuai PSAK 55 dan ECL for Sharia using incurred loss based on PSAK 55 and PPAP BI.
PPAP BI.
Manajemen berpendapat bahwa jumlah kerugian Management believes that the expected credit
kredit ekspektasian atas pinjaman yang diberikan losses on loans is adequate.
telah memadai.
LAMPIRAN – 5/76 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 643
Page 646
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
g. Mutasi pinjaman yang diberikan g. Movements of loans
Mutasi pinjaman yang diberikan berdasarkan Movements of loans by staging are as follows:
tahapan adalah:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 100.303.953 5.207.643 6.538.077 9.206.472 121.256.145 Beginning balance
Aset keuangan yang
baru diperoleh 180.053.086 920.556 18.998 - 180.992.640 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (18.920.803) (649.704) 1.995.030 - (17.575.477) and remeasurement
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 3.079.124 (2.827.302) (251.822) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (5.260.211) 5.712.532 (452.321) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (1.307.888) (3.344.882) 4.652.770 - - impaired (Stage 3)
Penghapusbukuan selama Write offs during the
tahun berjalan (52.489) (13.422) (2.639.753) - (2.705.664) year
Aset keuangan yang telah Derecognition of financial
dilunasi (135.339.682) (1.389.070) (3.364.630) - (140.093.382) assets
Selisih kurs (191.447) (2.691) (5.513) - (199.651) Exchange rate difference
Syariah - - - 1.976.270 1.976.270 Sharia
Saldo Akhir 122.363.643 3.613.660 6.490.836 11.182.742 143.650.881 Ending Balance
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 86.731.630 6.402.436 5.124.489 7.833.869 106.092.424 Beginning balance
Aset keuangan yang
baru diperoleh 160.047.513 2.873.771 6.421 - 162.927.705 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (19.964.495) (1.260.615) 770.060 - (20.455.050) and remeasurement
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 7.523.246 (7.215.847) (307.399) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (12.784.668) 13.768.234 (983.566) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (2.236.723) (4.927.655) 7.164.378 - - impaired (Stage 3)
Penghapusbukuan selama
tahun berjalan (15.523) (43.785) (3.418.849) - (3.478.157) Write offs during the year
Aset keuangan yang telah Derecognition of financial
dilunasi (119.908.272) (4.421.820) (1.863.883) - (126.193.975) assets
Selisih kurs 911.245 32.924 46.426 - 990.595 Exchange rate difference
Syariah - - - 1.372.603 1.372.603 Sharia
Saldo Akhir 100.303.953 5.207.643 6.538.077 9.206.472 121.256.145 Ending Balance
LAMPIRAN – 5/77 – SCHEDULE
644 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 647
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
h. Pembiayaan bersama h. Joint financing
Bank mengadakan perjanjian pemberian fasilitas The Bank has entered into joint financing agreements
pembiayaan bersama dengan beberapa lembaga with several multifinance companies for financing
pembiayaan untuk membiayai kepemilikan retail purchases of vehicles and consumer durable
kendaraan bermotor dan barang-barang konsumtif. products. The outstanding balance of joint financing
Jumlah saldo fasilitas pembiayaan bersama dengan agreements with and without recourse as of
dan tanpa tanggung renteng pada tanggal 31 December 2023 was Rp26,458,279
31 Desember 2023 adalah sebesar Rp26.458.279 (2022: Rp26,746,609).
(2022: Rp26.746.609).
i. Kredit kelolaan i. Channeling loans
Kredit kelolaan adalah kredit yang diterima oleh Bank Channeling loans are loans received by the Bank
dari BI untuk diteruskan membiayai proyek-proyek from BI which have been channeled to finance
pertanian di Indonesia. Bank tidak menanggung risiko agricultural projects in Indonesia. The Bank bears no
atas kredit kelolaan yang diteruskan ini sehingga kredit credit risk on these loans, therefore, these channeling
ini tidak dicatat sebagai pinjaman dalam laporan loans were not recorded as loans in the consolidated
keuangan konsolidasian. financial statements.
Pada tanggal 31 Desember 2023, saldo kredit kelolaan As of 31 December 2023, the balance of channeling
adalah Rp350.561 (2022: Rp350.561). loans amounted to Rp350,561 (2022: Rp350,561).
j. Informasi pokok lainnya sehubungan dengan j. Other significant information relating to loans
pinjaman yang diberikan
Pada tanggal 31 Desember 2023, rasio Non- As of 31 December 2023, the percentage of Non-
Performing Loan (NPL)-gross dan rasio NPL-net Performing Loan (NPL)-gross and NPL-net were
adalah masing-masing sebesar 2,28% dan 0,23% 2.28% and 0.23% (2022: 2.86% and 0.23%),
(2022: 2,86% dan 0,23%) yang dihitung berdasarkan respectively, which was calculated based on Circular
Surat Edaran OJK No.43/SEOJK.03/2016 tanggal Letter of OJK No.43/SEOJK.03/2016 dated
28 September 2016. 28 September 2016.
Rasio kredit usaha kecil terhadap jumlah pinjaman The ratio of small business loans to total loans as of
yang diberikan pada tanggal 31 Desember 2023 dan 31 December 2023 and 2022 are 16.05% and
2022 masing-masing sebesar 16,05% dan 17,26%. 17.26%, respectively.
Pinjaman yang diberikan pada umumnya dijamin Loans are generally secured by time deposits
dengan deposito berjangka (Catatan 21c) atau harta (Note 21c) or by registered mortgages or by powers
tak bergerak yang diaktakan dengan akta pemberian or by other guarantees acceptable to the Bank.
hak tanggungan atau jaminan lain yang umumnya
diterima oleh Bank.
Jumlah pinjaman yang diberikan yang dijamin Total loans with cash collaterals as of 31 December
dengan agunan tunai pada tanggal 31 Desember 2023 was Rp3,325,504 (2022: Rp2,620,943).
2023 adalah sebesar Rp3.325.504
(2022: Rp2.620.943).
Suku bunga efektif rata-rata tertimbang per tahun The weighted average effective interest rate per
untuk tahun yang berakhir pada tanggal annum for the year ended 31 December 2023 was
31 Desember 2023 adalah 8,39% untuk Rupiah dan 8.39% for Rupiah and 5.95% for foreign currencies
5,95% untuk mata uang asing (2022: 7,63% dan (2022: 7.63% and 3.65%).
3,65%).
LAMPIRAN – 5/78 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 645
Page 648
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PIUTANG PEMBIAYAAN KONSUMEN 12. CONSUMER FINANCING RECEIVABLES
Piutang pembiayaan konsumen Entitas Anak adalah sebagai The Subsidiary’ consumer financing receivables are as
berikut: follows:
2023 2022
Piutang pembiayaan konsumen - Consumer financing receivables -
pihak ketiga third parties
- pembiayaan bersama 13.643.207 10.245.637 joint financing -
- pembiayaan sendiri 30.608.662 25.313.667 self financing -
Pendapatan pembiayaan
konsumen yang belum Unrecognized consumer
diakui–- pihak ketiga (16.488.479) (12.880.908) financing income–- third parties
27.763.390 22.678.396
Dikurangi: Less:
Kerugian kredit ekspektasian Expected credit losses
- pihak ketiga (1.562.698) (1.440.318) third parties -
Jumlah–- neto 26.200.692 21.238.078 Total–- net
Pada tanggal 31 Desember 2023 dan 2022, biaya transaksi As of 31 December 2023 and 2022, the gross consumer
yang terkait langsung dengan perolehan nasabah baru financing receivables include transaction costs directly
disajikan sebagai bagian dari piutang pembiayaan konsumen attributed to the origination of consumer financing accounts
masing-masing sebesar Rp1.307.631 dan Rp812.422. amounted to Rp1,307,631 and Rp812,422, respectively.
Suku bunga efektif rata-rata tertimbang per tahun untuk The weighted average effective interest rates per annum for
tahun yang berakhir pada tanggal 31 Desember 2023 dan the year ended 31 December 2023 and 2022 were as
2022 adalah sebagai berikut: follows:
Produk 2023 2022 Products
Mobil 17,14% 18,56% Cars
Motor 34,02% 34,81% Motorcycles
Barang konsumtif 61,59% 62,13% Durable goods
Lainnya 32,22% 34,07% Others
Untuk memastikan kelancaran penyelesaian piutang To ensure settlement of consumer financing receivable,
pembiayaan konsumen yang diberikan, konsumen Entitas the customers of Subsidiary give the Certificates of
Anak memberikan Bukti Pemilikan Kendaraan Bermotor Ownership (BPKB) of the motor vehicles financed.
(BPKB) atas kendaraan bermotor yang dibiayai. Tidak ada Consumer financing receivables for consumer durable
jaminan atas piutang pembiayaan konsumen untuk produk products are unsecured.
barang konsumsi.
Piutang pembiayaan konsumen pada tanggal Consumer financing receivables as of 31 December
31 Desember 2023 sebesar RpNihil (2022: Rp392.431) 2023 amounted to RpNil (2022: Rp392,431) were used
digunakan sebagai jaminan atas pinjaman yang diterima as collateral to borrowings (Note 26), amounted to
(Catatan 26), sebesar Rp562.875 (2022: Rp874.250) Rp562,875 (2022: Rp874,250) were used as collateral
digunakan sebagai jaminan utang obligasi (Catatan 24), to bonds payable (Note 24), and amounted to Rp23,000
dan sebesar Rp23.000 (2022: Rp37.500) digunakan (2022: Rp37,500) were used as collateral to
sebagai jaminan sukuk mudharabah (Catatan 25). mudharabah bonds (Note 25).
Dalam pembiayaan bersama antara Bank dan Entitas In joint financing arrangements between the Bank and
Anak, Entitas Anak berhak menentukan tingkat Subsidiary, the Subsidiary have the right to set higher
bunga/marjin yang lebih tinggi kepada konsumen interest rates/margin to the consumers than the interest
dibandingkan tingkat bunga yang ditetapkan dalam rates stated in the joint financing agreement with the
perjanjian pembiayaan bersama dengan Bank. Bank.
LAMPIRAN – 5/79 – SCHEDULE
646 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 649
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 12. CONSUMER FINANCING RECEIVABLES(continued)
Perubahan kerugian kredit ekspektasian Movements of expected credit losses
Perubahan kerugian kredit ekspektasian adalah sebagai Movements of expected credit losses are as follows:
berikut:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 887.675 82.635 282.148 187.860 1.440.318 Beginning balance
Aset keuangan yang
baru diperoleh 865.559 - - - 865.559 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (502.976) 390.988 1.066.983 - 954.995 remeasurement
Perubahan model atau Change in model or
parameter (95.427) (12.656) (2.436) - (110.519) parameter
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 311.272 (237.721) (73.551) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (393.114) 458.938 (65.824) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (86.388) (473.392) 559.780 - - impaired (Stage 3)
Aset keuangan yang telah Derecognition of financial
dilunasi (82.832) (37.843) (65.210) - (185.885) assets
Penghapusbukuan selama
tahun berjalan (85.930) (16.927) (1.403.161) - (1.506.018) Write offs during the year
Syariah*) - - - 104.248 104.248 Sharia*)
Saldo Akhir 817.839 154.022 298.729 292.108 1.562.698 Ending Balance
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 754.169 155.397 309.324 145.676 1.364.566 Beginning balance
Aset keuangan yang
baru diperoleh 696.953 - - - 696.953 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (624.316) 312.665 841.519 - 529.868 remeasurement
Perubahan model atau
parameter 122.073 11.651 7.627 - 141.351 Change in model or parameter
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 425.841 (352.070) (73.771) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (347.386) 430.939 (83.553) - - (Stage 2)
Transfer ke penurunan Transferred to credit impaired
kredit (Tahap 3) (43.099) (427.997) 471.096 - - (Stage 3)
Aset keuangan yang telah Derecognition of financial
dilunasi (68.383) (40.381) (83.555) - (192.319) assets
Penghapusbukuan selama
tahun berjalan (28.177) (7.569) (1.106.539) - (1.142.285) Write offs during the year
Syariah*) - - - 42.184 42.184 Sharia*)
Saldo Akhir 887.675 82.635 282.148 187.860 1.440.318 Ending Balance
*) *)
KKE untuk Syariah menggunakan kerugian historis sesuai PSAK 55 dan ECL for Sharia using incurred loss based on PSAK 55 and PPAP BI.
PPAP BI.
Manajemen berpendapat bahwa jumlah kerugian kredit Management believes that the expected credit losses on
ekspektasian atas piutang pembiayaan konsumen telah consumer financing receivables is adequate.
memadai.
LAMPIRAN – 5/80 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 647
Page 650
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 12. CONSUMER FINANCING RECEIVABLES
(continued)
Mutasi piutang pembiayaan konsumen Movements of consumer financing receivables
Mutasi piutang pembiayaan konsumen berdasarkan Movements of consumer financing receivables by
tahapan adalah: staging are as follows:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 17.858.486 287.258 311.435 4.221.217 22.678.396 Beginning balance
Aset keuangan yang
baru diperoleh 16.887.925 - - - 16.887.925 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (11.492.161) 216 (395.921) - (11.887.866) and remeasurement
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 1.088.472 (976.459) (112.013) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (2.859.914) 2.953.268 (93.354) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (589.977) (1.592.508) 2.182.485 - - impaired (Stage 3)
Penghapusbukuan selama Write offs during
tahun berjalan (85.930) (16.927) (1.403.161) - (1.506.018) the year
Syariah - - - 1.590.953 1.590.953 Sharia
Saldo Akhir 20.806.901 654.848 489.471 5.812.170 27.763.390 Ending Balance
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 17.183.953 500.644 441.166 3.197.002 21.322.765 Beginning balance
Aset keuangan yang
baru diperoleh 13.107.255 - - - 13.107.255 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (10.994.441) (281.957) (357.156) - (11.633.554) and remeasurement
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian expected credit losses
12 bulan (Tahap 1) 1.334.584 (1.229.840) (104.744) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (2.473.432) 2.588.047 (114.615) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (271.256) (1.282.067) 1.553.323 - - impaired (Stage 3)
Penghapusbukuan selama Write offs during
tahun berjalan (28.177) (7.569) (1.106.539) - (1.142.285) the year
Syariah - - - 1.024.215 1.024.215 Sharia
Saldo Akhir 17.858.486 287.258 311.435 4.221.217 22.678.396 Ending Balance
Piutang pembiayaan konsumen yang telah direstrukturisasi The restructured consumer financing receivables as of
pada tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022 were Rp487,901 and
masing-masing sebesar Rp487.901 dan Rp922.487. Rp922,487, respectively.
LAMPIRAN – 5/81 – SCHEDULE
648 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 651
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG SEWA PEMBIAYAAN 13. FINANCE LEASE RECEIVABLES
2023 2022
Piutang Sewa Pembiayaan 1.212.876 839.335 Finance Lease Receivables
Aset Ijarah Muntahiyah Bittamlik Asset Ijarah Muntahiyah Bittamlik
(IMBT) 231.424 78.670 (IMBT)
1.444.300 918.005
2023 2022
Piutang sewa pembiayaan - bruto 1.447.447 1.018.194 Finance lease receivables - gross
Nilai residu yang terjamin 455.335 321.966 Guaranteed residual value
Pendapatan sewa pembiayaan
yang belum diakui (184.084) (133.602) Unearned financing lease income
Setoran jaminan (455.335) (321.966) Security deposits
1.263.363 884.592
Dikurangi: Less:
Kerugian kredit ekspektasian (50.487) (45.257) Expected credit losses
Piutang sewa pembiayaan - neto 1.212.876 839.335 Finance lease receivables - net
Aset IMBT - bruto 330.547 97.991 Asset IMBT - gross
Akumulasi penyusutan (88.840) (17.130) Accumulated depreciation
241.707 80.861
Dikurangi: Less:
Kerugian kredit ekspektasian (10.283) (2.191) Expected credit losses
Aset IMBT - neto 231.424 78.670 Asset IMBT - net
Pada tanggal 31 Desember 2023, piutang sewa pembiayaan As of 31 December 2023, the gross finance lease
bruto termasuk biaya transaksi terkait langsung dengan receivables include unamortized transaction costs directly
pemberian pembiayaan sewa yang belum diamortisasi attributable to the origination of finance lease accounts
sebesar Rp5.421 (2022: Rp1.977). amounted to Rp5,421 (2022: Rp1,977).
Angsuran piutang sewa pembiayaan - bruto yang akan The installments of finance lease receivables - gross, which
diterima dari konsumen sesuai dengan tanggal jatuh will be collected from consumers in accordance with the due
temponya adalah sebagai berikut: dates are as follows:
2023 2022
- < 1 tahun 919.658 517.865 < 1 year -
- 1 - 2 tahun 509.221 397.763 1 - 2 years -
- > 2 tahun 260.275 183.427 > 2 years -
Piutang sewa pembiayaan - bruto 1.689.154 1.099.055 Finance lease receivables - gross
LAMPIRAN – 5/82 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 649
Page 652
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG SEWA PEMBIAYAAN (lanjutan) 13. FINANCE LEASE RECEIVABLES (continued)
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rates per annum for
untuk tahun yang berakhir pada tanggal the year ended 31 December 2023 and 2022 were as
31 Desember 2023 dan 2022 adalah sebagai berikut: follows:
2023 2022
Mobil 11,33% 12,61% Cars
Motor 25,56% 24,16% Motorcycles
Alat berat dan lainnya 14,07% 13,45% Heavy equipment and others
Pengelompokan piutang sewa pembiayaan - bruto menurut Classification of finance lease receivables - gross based on
jumlah hari tunggakan adalah sebagai berikut: days overdue is as follows:
2023 2022
- Tidak ada tunggakan 1.527.941 1.052.943 No past due -
- 1 - 90 hari 156.096 45.532 1 - 90 days -
- 91 - 120 hari 2.336 437 91 - 120 days -
- 121 - 180 hari 2.781 143 121 - 180 days -
Piutang sewa pembiayaan - bruto 1.689.154 1.099.055 Finance lease receivables - gross
Perubahan kerugian kredit ekspektasian adalah sebagai The movements of expected credit losses are as follows:
berikut:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 44.365 462 430 2.191 47.448 Beginning balance
Aset keuangan yang
baru diperoleh 57.876 - - - 57.876 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (49.571) 3.859 12.522 - (33.190) remeasurement
Perubahan model atau Change in model or
parameter (7.643) (225) (38) - (7.906) parameter
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian 12 bulan expected credit losses
(Tahap 1) 5.968 (4.690) (1.278) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (4.140) 9.278 (5.138) - - (Stage 2)
Transfer ke penurunan Transferred to credit impaired
kredit (Tahap 3) (280) (3.386) 3.666 - - (Stage 3)
Aset keuangan yang telah Derecognition of financial
dilunasi (2.007) (611) (2.998) - (5.616) assets
Penghapusan piutang (653) (46) (5.235) - (5.934) Receivables written-off
Syariah - - - 8.092 8.092 Sharia
Saldo Akhir 43.915 4.641 1.931 10.283 60.770 Ending Balance
LAMPIRAN – 5/83 – SCHEDULE
650 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 653
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG SEWA PEMBIAYAAN (lanjutan) 13. FINANCE LEASE RECEIVABLES (continued)
Perubahan kerugian kredit ekspektasian adalah sebagai The movements of expected credit losses are as follows
berikut (lanjutan): (continued):
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 8.138 3.024 545 - 11.707 Beginning balance
Aset keuangan yang
baru diperoleh 61.202 - - - 61.202 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (30.746) 10.505 8.911 - (11.330) remeasurement
Perubahan model atau Change in model or
parameter 3.158 291 644 - 4.093 parameter
Transfer ke kerugian kredit Transferred to 12-month
ekspektasian 12 bulan expected credit losses
(Tahap 1) 4.997 (4.049) (948) - - (Stage 1)
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 2) (1.250) 1.471 (221) - - (Stage 2)
Transfer ke penurunan Transferred to credit impaired
kredit (Tahap 3) (72) (7.977) 8.049 - - (Stage 3)
Aset keuangan yang telah Derecognition of financial
dilunasi (1.012) (2.803) (14.708) - (18.523) assets
Penghapusan piutang (50) - (1.842) - (1.892) Receivables written-off
Syariah - - - 2.191 2.191 Sharia
Saldo Akhir 44.365 462 430 2.191 47.448 Ending Balance
Manajemen berpendapat bahwa jumlah kerugian kredit Management believes that the expected credit losses is
ekspektasian yang dibentuk cukup untuk menutup kerugian adequate to cover possible losses arising from uncollectible
yang mungkin timbul akibat tidak tertagihnya piutang sewa finance lease receivables.
pembiayaan.
Pada saat perjanjian sewa pembiayaan dimulai, lessee At the time of execution of the finance leases contracts, the
memberikan setoran jaminan. Setoran jaminan ini akan lessee pays the security deposits. The security deposits are
digunakan sebagai pembayaran pada akhir masa sewa used as the final installment at the end of the finance lease
pembiayaan, bila hak opsi dilaksanakan lessee. Apabila lessee period, if the lessee exercises the option to purchase the
tidak melaksanakan hak opsinya untuk membeli aset sewa leased asset. If the lessee does not exercise the purchase
pembiayaan tersebut maka setoran jaminan dikembalikan option, the security deposit will be returned to the lessee as
kepada lessee sepanjang memenuhi ketentuan dalam long as it meets the conditions in the finance lease
perjanjian sewa pembiayaan dengan hak opsi. agreement with option right.
Piutang sewa pembiayaan yang telah direstrukturisasi pada The restructured finance lease receivables as of
tanggal 31 Desember 2023 dan 2022 masing-masing sebesar 31 December 2023 and 2022 were Rp5,859 and Rp746,
Rp5.859 dan Rp746. respectively.
LAMPIRAN – 5/84 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 651
Page 654
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG SEWA PEMBIAYAAN (lanjutan) 13. FINANCE LEASE RECEIVABLES (continued)
Mutasi piutang sewa pembiayaan Movements of finance lease receivables
Mutasi piutang sewa pembiayaan berdasarkan tahapan Movements of finance lease receivables by staging are
adalah: as follows:
2023
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 881.253 2.909 430 80.861 965.453 Beginning balance
Aset keuangan yang
baru diperoleh 911.354 - - - 911.354 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (522.330) (1.499) (2.820) - (526.649) and remeasurement
Transfer ke kerugian Transferred to 12-month
kredit ekspektasian expected credit losses
12 bulan (Tahap 1) 24.740 (22.938) (1.802) - - (Stage 1)
Transfer ke kerugian
kredit ekspektasian Transferred to lifetime
sepanjang umurnya expected credit losses
(Tahap 2) (58.371) 63.948 (5.577) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (1.954) (17.191) 19.145 - - impaired (Stage 3)
Penghapusan piutang (653) (46) (5.235) - (5.934) Receivables written-off
Syariah - - - 160.846 160.846 Sharia
Saldo Akhir 1.234.039 25.183 4.141 241.707 1.505.070 Ending Balance
2022
Konvensional/Conventional
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 260.887 29.715 1.718 - 292.320 Beginning balance
Aset keuangan yang
baru diperoleh 872.309 - - - 872.309 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure
pengukuran kembali (244.416) (14.886) (18.843) - (278.145) and remeasurement
Transfer ke kerugian Transferred to 12-month
kredit ekspektasian expected credit losses
12 bulan (Tahap 1) 17.058 (15.831) (1.227) - - (Stage 1)
Transfer ke kerugian
kredit ekspektasian Transferred to lifetime
sepanjang umurnya expected credit losses
(Tahap 2) (23.945) 24.538 (593) - - (Stage 2)
Transfer ke penurunan Transferred to credit
kredit (Tahap 3) (590) (20.627) 21.217 - - impaired (Stage 3)
Penghapusan piutang (50) - (1.842) - (1.892) Receivables written-off
Syariah - - - 80.861 80.861 Sharia
Saldo Akhir 881.253 2.909 430 80.861 965.453 Ending Balance
LAMPIRAN – 5/85 – SCHEDULE
652 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 655
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN AKSEPTASI 14. ACCEPTANCE RECEIVABLES
a. Berdasarkan pihak dan mata uang a. By party and currency
2023 2022
Rupiah Rupiah
- Bank lain 16.160 26.663 Other Banks -
- Debitur 88.901 164.709 Debtors -
105.061 191.372
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- Bank lain 486.570 462.308 Other Banks -
- Debitur 948.991 582.706 Debtors -
1.435.561 1.045.014
Jumlah 1.540.622 1.236.386 Total
Dikurangi: Less:
Kerugian kredit ekspektasian (2.859) (4.113) Expected credit losses
1.537.763 1.232.273
b. Berdasarkan jatuh tempo b. By maturity
2023 2022
Rupiah Rupiah
- Kurang dari 1 bulan 63.000 114.130 Less than 1 month -
- 1 - 3 bulan 30.502 66.540 1 - 3 months -
- > 3 - 6 bulan 11.559 10.702 > 3 - 6 months -
105.061 191.372
Mata uang asing Foreign currencies
(Catatan 55) (Note 55)
- Kurang dari 1 bulan 649.763 446.061 Less than 1 month -
- 1 - 3 bulan 514.685 428.045 1 - 3 months -
- > 3 - 6 bulan 173.292 85.905 > 3 - 6 months -
- > 6 - 12 bulan 97.821 2.169 > 6 - 12 months -
- Lebih dari 12 bulan - 82.834 More than 12 months -
1.435.561 1.045.014
Jumlah 1.540.622 1.236.386 Total
Dikurangi: Less:
Kerugian kredit ekspektasian (2.859) (4.113) Expected credit losses
1.537.763 1.232.273
LAMPIRAN – 5/86 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 653
Page 656
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES (continued)
c. Perubahan kerugian kredit ekspektasian c. Movements of expected credit losses
Perubahan kerugian kredit ekspektasian adalah sebagai The movements of expected credit losses are as
berikut: follows:
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 2.043 1 2.069 4.113 Beginning balance
Aset keuangan yang
baru diperoleh 4.262 46 29.154 33.462 New financial assets
Perubahan model atau Change in model or
parameter 228 3 - 231 parameter
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (3.686) (15) (31.263) (34.964) remeasurement
Aset keuangan yang telah Derecognition of financial
dilunasi (14) - (33) (47) assets
Selisih kurs (9) - 73 64 Exchange rate difference
Saldo Akhir 2.824 35 - 2.859 Ending Balance
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 2.620 - - 2.620 Beginning balance
Aset keuangan yang
baru diperoleh 7.183 31 5.321 12.535 New financial assets
Perubahan bersih pada
eksposur dan Net change in exposure and
pengukuran kembali (7.666) (30) (3.497) (11.193) remeasurement
Transfer ke kerugian kredit Transferred to lifetime
ekspektasian sepanjang expected credit losses
umurnya (Tahap 3) (198) - 198 - (Stage 3)
Selisih kurs 104 - 47 151 Exchange rate difference
Saldo Akhir 2.043 1 2.069 4.113 Ending Balance
Manajemen berpendapat bahwa jumlah kerugian kredit Management believes that the expected credit losses
ekspektasian tagihan akseptasi telah memadai. on acceptance receivables is adequate.
d. Berdasarkan kolektibilitas BI d. By BI collectability
2023 2022
Lancar 1.539.257 1.234.220 Current
Dalam perhatian khusus 1.365 2.166 Special mention
1.540.622 1.236.386
Dikurangi: Less:
Kerugian kredit ekspektasian (2.859) (4.113) Expected credit losses
1.537.763 1.232.273
LAMPIRAN – 5/87 – SCHEDULE
654 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 657
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. OBLIGASI PEMERINTAH 15. GOVERNMENT BONDS
a. Berdasarkan jenis a. By type
2023 2022
Nilai Nilai Nilai Nilai
nominal/ tercatat/ nominal/ tercatat/
Nominal Carrying Nominal Carrying
value value value value
Nilai wajar melalui
penghasilan Fair value through other
komprehensif lain (nilai comprehensive income
wajar) (fair value)
- Suku bunga tetap 15.725.723 15.792.101 18.657.526 18.657.229 Fixed interest rate -
Nilai wajar melalui laba Fair value through profit or
rugi (nilai wajar) loss (fair value)
- Suku bunga tetap 512.335 526.307 128.623 128.281 Fixed interest rate -
Jumlah 16.238.058 16.318.408 18.786.149 18.785.510 Total
Suku bunga efektif rata-rata tertimbang per tahun atas The weighted average effective interest rate per
Obligasi Pemerintah dalam Rupiah dan mata uang annum for the year ended 31 December 2023 for
asing untuk tahun yang berakhir pada tanggal Government Bonds in Rupiah and foreign currencies
31 Desember 2023 adalah masing-masing 5,66% dan was 5.66% and 2.48%, respectively (2022: 5.50%
2,48% (2022: 5,50% dan 1,85%). and 1.85%).
Obligasi Pemerintah dengan nilai nominal setara Government Bonds with total nominal value
dengan Rp72.058.577 telah dijual selama tahun yang equivalent to Rp72,058,577 were sold during the year
berakhir pada tanggal 31 Desember 2023 (2022: ended 31 December 2023 (2022: Rp132,835,353) at
Rp132.835.353) pada harga yang berkisar antara prices ranging from 60.54% - 131.41% of nominal
60,54% - 131,41% dari nilai nominal (2022: 62,00% - value (2022: 62.00% - 127.77%). Meanwhile,
127,77%). Sementara itu, Obligasi Pemerintah dengan Government Bonds with total nominal value
nilai nominal setara dengan Rp75.589.937 telah dibeli equivalent to Rp75,589,937 were purchased during
selama tahun yang berakhir pada tanggal the year ended 31 December 2023 (2022:
31 Desember 2023 (2022: Rp127.650.063) pada harga Rp127,650,063) at prices ranging from 58.50% -
yang berkisar antara 58,50% - 131,38% dari nilai 131.38% of nominal value (2022: 61.50% -
nominal (2022: 61,50% - 127,75%). 127.75%).
Selama tahun yang berakhir pada tanggal During the year ended 31 December 2023,
31 Desember 2023, keuntungan neto yang belum unrealized net gains arising from changes in fair value
direalisasi atas perubahan nilai wajar Obligasi of Government Bonds classified as trading securities
Pemerintah dalam klasifikasi diperdagangkan diakui are recorded in profit or loss amounted to Rp2,784
pada laporan laba rugi sebesar Rp2.784 (2022: (2022: net gains amounted to Rp1,139).
keuntungan neto sebesar Rp1.139).
Bank dan Entitas Anak mengakui keuntungan neto atas The Bank and Subsidiary recognized net gains from
penjualan Obligasi Pemerintah sejumlah Rp275.903 the sale of Government Bonds amounted to
selama tahun yang berakhir pada tanggal Rp275,903 during year ended 31 December 2023
31 Desember 2023 (2022: keuntungan neto sebesar (2022: net gains amounted to Rp320,936).
Rp320.936).
LAMPIRAN – 5/88 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 655
Page 658
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. OBLIGASI PEMERINTAH (lanjutan) 15. GOVERNMENT BONDS (continued)
b. Berdasarkan mata uang b. By currency
2023 2022
Rupiah 14.726.472 16.399.004 Rupiah
Mata uang asing (Catatan 55) 1.591.936 2.386.506 Foreign currencies (Note 55)
16.318.408 18.785.510
c. Berdasarkan jatuh tempo c. By maturity
2023 2022
Rupiah Rupiah
- Kurang dari 1 tahun 4.197.357 4.765.222 Less than 1 year -
- 1 - 5 tahun 7.227.767 11.419.309 1 - 5 years -
- 5 - 10 tahun 2.390.324 143.310 5 - 10 years -
- Lebih dari 10 tahun 911.024 71.163 More than 10 years -
14.726.472 16.399.004
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- Kurang dari 1 tahun 1.027.972 1.307.166 Less than 1 year -
- 1 - 5 tahun 194.388 1.026.012 1 - 5 years -
- 5 - 10 tahun 360.225 53.159 5 - 10 years -
- Lebih dari 10 tahun 9.351 169 More than 10 years -
1.591.936 2.386.506
.
Jumlah 16.318.408 18.785.510 Total
d. Perubahan keuntungan/(kerugian) yang belum d. Movements of unrealized gains/(losses)
direalisasi
Perubahan keuntungan/(kerugian) yang belum Movements of unrealized gains/(losses) for
direalisasi atas Obligasi Pemerintah dalam kelompok Government Bonds measured at fair value through
diukur pada nilai wajar melalui penghasilan other comprehensive income are as follows:
komprehensif lain adalah sebagai berikut:
2023 2022
Saldo awal - sebelum Beginning balance - before
pajak penghasilan tangguhan (248.501) 429.744 deferred income tax
Penambahan keuntungan/
(kerugian) yang belum Additional unrealized
direalisasi selama tahun gains/(losses)
berjalan - neto 193.248 (486.256) during the year - net
Keuntungan yang direalisasi ke
laba rugi atas penjualan Realized gains to profit or loss
Obligasi Pemerintah selama from sale of Government
tahun berjalan - neto (15.508) (191.989) Bonds during the year - net
Jumlah sebelum pajak
penghasilan tangguhan (70.761) (248.501) Total before deferred income tax
Pajak penghasilan tangguhan 15.567 54.670 Deferred income tax
Saldo akhir - neto (55.194) (193.831) Ending balance - net
LAMPIRAN – 5/89 – SCHEDULE
656 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 659
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. INVESTASI DALAM SAHAM 16. INVESTMENTS IN SHARES
Investasi dalam saham pada tanggal 31 Desember 2023 The investments in shares as of 31 December 2023 and
dan 2022 mencakup: 2022 included:
2023 2022
Persentase Nilai Persentase Nilai
kepemilikan/ tercatat/ kepemilikan/ tercatat/
Nama perusahaan/ Kegiatan usaha/ Percentage Carrying Percentage Carrying
Company name Business activity of ownership value of ownership value
PT Home Credit
Indonesia Pembiayaan/Multifinance 9,83% 386.360 - -
PT Bank Woori
Saudara Indonesia
1906 Tbk Bank/Banking 1,63% 78.198 2,12% 78.198
PT Bank Chinatrust
Indonesia Bank/Banking 1,00% 1.500 1,00% 1.500
Usaha Patungan,
Telekomunikasi/Joint
Lain-lain/Other Venture,Telecommunication 0,24% - 4,21% 1.355 0,24% - 4,21% 2.380
467.413 82.078
Pada tanggal 2 Oktober 2023, ADMF melakukan On 2 October 2023, ADMF invested in PT Home Credit
penyertaan pada PT Home Credit Indonesia ("HCI") Indonesia ("HCI") with purchase price of EUR23,163,839
dengan harga beli sebesar EUR23.163.839 (nilai penuh) (full amount) or equivalent to Rp380,397 which represents
atau setara dengan Rp380.397 yang mewakili 9,83% dari 9.83% of the issued and paid up capital of HCI.
modal ditempatkan dan disetor HCI.
Berdasarkan ketentuan Bank Indonesia yang berlaku, Based on prevailing Bank Indonesia regulation,
investasi dalam saham pada tanggal 31 Desember 2023 investments in shares as of 31 December 2023 and
dan 2022 digolongkan sebagai lancar. 2022 are classified as current.
Perubahan keuntungan/(kerugian) yang belum Movements of unrealized gains/(losses)
direalisasi
Perubahan keuntungan/(kerugian) yang belum direalisasi Movements of unrealized gains/(losses) for investments in
atas investasi dalam saham dalam kelompok diukur pada shares measured at fair value through other
nilai wajar melalui penghasilan komprehensif lain adalah comprehensive others are as follows:
sebagai berikut:
2023 2022
Saldo awal 69.998 69.998 Beginning balance
Keuntungan yang belum direalisasi
selama tahun berjalan - - Unrealized gains during the year
Saldo akhir 69.998 69.998 Ending balance
17. ASET TAKBERWUJUD 17. INTANGIBLE ASSETS
2023
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Deductions December
Harga perolehan Cost
Perangkat lunak 2.784.736 338.333 (8.733) 3.114.336 Software
Goodwill 1.906.684 - - 1.906.684 Goodwill
4.691.420 338.333 (8.733) 5.021.020
Akumulasi Accumulated
amortisasi amortization
Perangkat lunak (2.127.270) (252.645) 5.531 (2.374.384) Software
Goodwill (832.151) - - (832.151) Goodwill
(2.959.421) (252.645) 5.531 (3.206.535)
Nilai buku neto 1.731.999 1.814.485 Net book value
LAMPIRAN – 5/90 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 657
Page 660
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. ASET TAKBERWUJUD (lanjutan) 17. INTANGIBLE ASSETS (continued)
2022
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Deductions December
Harga perolehan Cost
Perangkat lunak 2.510.824 273.912 - 2.784.736 Software
Goodwill 1.906.684 - - 1.906.684 Goodwill
4.417.508 273.912 - 4.691.420
Akumulasi Accumulated
amortisasi amortization
Perangkat lunak (1.885.927) (241.343) - (2.127.270) Software
Goodwill (832.151) - - (832.151) Goodwill
(2.718.078) (241.343) - (2.959.421)
Nilai buku neto 1.699.430 1.731.999 Net book value
Pada tanggal 31 Desember 2023, Bank dan Entitas Anak As of 31 December 2023, the Bank and Subsidiary had fully
memiliki aset takberwujud dengan jumlah biaya perolehan amortized intangible assets but still being used with cost
sebesar Rp1.798.037 yang telah diamortisasi secara penuh amounted to Rp1,798,037 (2022: Rp1,577,635).
tetapi masih digunakan (2022: Rp1.577.635).
Tidak ada kerugian penurunan nilai goodwill yang diakui No impairment losses on goodwill were recognized for the
selama tahun yang berakhir pada tanggal year ended 31 December 2023.
31 Desember 2023.
18. ASET TETAP DAN ASET HAK GUNA 18. FIXED ASSETS AND RIGHT-OF-USE ASSETS
2023 2022
Aset Tetap 1.542.514 1.367.763 Fixed assets
Aset Hak Guna 618.065 557.762 Right-of-use assets
2.160.579 1.925.525
a. Aset Tetap a. Fixed Assets
2023
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Deductions December
Harga perolehan Cost
Tanah 614.589 - (427) 614.162 Land
Bangunan 1.466.004 150.519 (1.862) 1.614.661 Buildings
Perlengkapan kantor 2.270.948 215.051 (127.309) 2.358.690 Office equipment
Kendaraan bermotor 27.589 2.971 (7.058) 23.502 Motor vehicles
4.379.130 368.541 (136.656) 4.611.015
Akumulasi Accumulated
penyusutan depreciation
Bangunan (915.633) (84.292) 1.677 (998.248) Buildings
Perlengkapan kantor (2.082.284) (100.968) 126.087 (2.057.165) Office equipment
Kendaraan bermotor (13.450) (4.102) 4.464 (13.088) Motor vehicles
(3.011.367) (189.362) 132.228 (3.068.501)
Nilai buku neto 1.367.763 1.542.514 Net book value
LAMPIRAN – 5/91 – SCHEDULE
658 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 661
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. ASET TETAP DAN ASET HAK GUNA (lanjutan) 18. FIXED ASSETS AND RIGHT-OF-USE (continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
2022
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Deductions Reclassified December
Harga perolehan Cost
Tanah 614.330 - (242) 501 614.589 Land
Bangunan 1.448.270 17.787 (451) 398 1.466.004 Buildings
Perlengkapan Office
kantor 2.382.885 95.126 (207.063) - 2.270.948 equipment
Kendaraan
bermotor 73.272 6.982 (52.665) - 27.589 Motor vehicles
4.518.757 119.895 (260.421) 899 4.379.130
Akumulasi Accumulated
penyusutan depreciation
Bangunan (841.181) (73.955) (220) (277) (915.633) Buildings
Perlengkapan Office
kantor (2.189.805) (98.702) 206.223 - (2.082.284) equipment
Kendaraan
bermotor (35.140) (4.115) 25.805 - (13.450) Motor vehicles
(3.066.126) (176.772) 231.808 (277) (3.011.367)
Nilai buku neto 1.452.631 1.367.763 Net book value
Manajemen berpendapat bahwa tidak terdapat indikasi Management believes that there is no indication of
terjadinya penurunan nilai aset tetap. impairment in the value of fixed assets.
Termasuk dalam pengurangan aset tetap merupakan Fixed assets disposal includes sales of assets with details
penjualan aset dengan rincian sebagai berikut: as follows:
2023 2022
Hasil penjualan 4.491 36.213 Proceeds from sale
Nilai buku 2.341 (28.308) Net book value
Keuntungan penjualan Gain on sale
(Catatan 41 dan 42) 2.150 7.905 (Notes 41 and 42)
Pada tanggal 31 Desember 2023, aset tetap kecuali tanah As of 31 December 2023, fixed assets except for land are
telah diasuransikan terhadap risiko kerugian kebakaran, insured against losses arising from fire, flood, and other
kebanjiran, dan risiko lainnya dengan nilai pertanggungan risks with a total insurance coverage amounted to
sejumlah Rp1.144.019 (2022: Rp1.150.674). Manajemen Rp1,144,019 (2022: Rp1,150,674). Management believes
berpendapat bahwa nilai pertanggungan tersebut sudah that the insurance coverage is adequate.
memadai.
Pada tanggal 31 Desember 2023 dan 2022, semua aset As of 31 December 2023 and 2022, all fixed assets are
tetap dimiliki secara langsung. directly owned.
Pada tanggal 31 Desember 2023, Bank dan Entitas Anak As of 31 December 2023, the Bank and Subsidiary had
memiliki aset tetap dengan jumlah biaya perolehan sebesar fully depreciated fixed assets but still being used with cost
Rp2.262.514 yang telah disusutkan secara penuh tetapi amounted to Rp2,262,514 (2022: Rp2,223,410).
masih digunakan (2022: Rp2.223.410).
Estimasi nilai wajar aset tetap Bank dan Entitas Anak (tanah The estimated fair value of the Bank and Subsidiary fixed
dan bangunan dinilai berdasarkan nilai jual objek pajak) assets (land and building based on tax object sale value)
adalah sebesar Rp3.648.511 pada tanggal 31 Desember amounted to Rp3,648,511 as of 31 December 2023
2023 (2022: Rp3.569.702) (tingkat 3). (2022: Rp3,569,702) (level 3).
LAMPIRAN – 5/92 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 659
Page 662
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. ASET TETAP DAN ASET HAK GUNA (lanjutan) 18. FIXED ASSETS AND RIGHT-OF-USE (continued)
b. Aset Hak Guna b. Right-Of-Use Assets
2023 2022
Harga perolehan 1.091.495 933.865 Cost
Akumulasi amortisasi (473.430) (376.103) Accumulated amortization
Nilai buku neto 618.065 557.762 Net book value
19. BEBAN DIBAYAR DIMUKA DAN ASET LAIN-LAIN 19. PREPAYMENTS AND OTHER ASSETS
2023 2022
Piutang bunga 1.067.208 810.316 Interest receivables
Agunan yang diambil alih 759.525 817.880 Foreclosed assets
Instrumen BI lainnya – Devisa Hasil Other BI instrument – Devisa Hasil
Ekspor (DHE) 754.453 - Ekspor (DHE)
Uang muka lain-lain 719.567 549.619 Other advances
Receivables from sales of
Piutang atas penjualan efek-efek 450.575 83.811 marketable securities
Setoran jaminan dan beban Security deposits and
dibayar dimuka 327.081 347.597 prepaid expenses
Aset tetap yang tidak digunakan 66.100 67.039 Idle properties
Beban tangguhan - neto 60.029 63.550 Deferred expenses - net
Dana setoran kliring Deposits for clearing transactions
Bank Indonesia 58.074 41.279 with Bank Indonesia
Receivables from credit card
Tagihan transaksi kartu kredit 2.778 2.015 transaction
Lain-lain 1.652.432 1.174.512 Others
5.917.822 3.957.618
Dikurangi: Less:
Kerugian kredit ekspektasian (311.917) (349.157) Expected credit losses
5.605.905 3.608.461
Saldo di atas terdiri dari beban dibayar dimuka dan aset lain- The above balance consists of prepayments and other
lain dalam Rupiah dan mata uang asing masing-masing assets in Rupiah and foreign currencies of Rp4,611,797
sebesar Rp4.611.797 dan Rp1.306.025 (2022: Rp3.572.047 and Rp1,306,025 (2022: Rp3,572,047 and Rp385,571)
dan Rp385.571) (Catatan 55). (Note 55), respectively.
Instrumen BI lainnya – Devisa Hasil Ekspor (DHE) Other BI instrument – Devisa Hasil Ekspor (DHE)
Berdasarkan ketentuan dalam PBI No. 7 tahun 2023 tentang Based on provisions in PBI No. 7 of 2023 concerning
Devisa Hasil Ekspor dan Devisa Pembayaran Impor, Foreign Exchange from Export Proceeds and Foreign
eksportir SDA (Sumber Daya Alam) dapat menempatkan Exchange from Import Payments, SDA (Natural
dana dari rekening khusus (Reksus) DHE SDA pada Resources) exporters can place funds from the DHE SDA
instrumen yang diterbitkan oleh Bank Sentral Indonesia special account (Reksus) in an instrument issued by
berupa Term Deposit Valas Devisa Hasil Ekspor (TD Valas Central Bank of Indonesia in the form of a Term Deposit in
DHE) melalui produk penempatan dana appointed bank. Foreign Exchange from Export Proceeds (TD Foreign
Bank adalah appointed bank dan akun ini adalah Exchange DHE) through fund placement products of
penempatan dana DHE dari eksportir pada instrumen TD appointed bank. The Bank is an appointed bank and this
Valas DHE yang diterbitkan oleh Bank Sentral Indonesia. account is placement of DHE fund from exporter to DHE
Foreign Exchange TD instrument issued by Central Bank
of Indonesia.
Piutang bunga Interest receivables
Termasuk dalam piutang bunga adalah piutang bunga Included in interest receivables is interest receivable from
Obligasi Pemerintah sebesar Rp191.186 untuk Rupiah dan Government Bonds of Rp191,186 for Rupiah and
Rp23.456 untuk mata uang asing (2022: Rp149.819 untuk Rp23,456 for foreign currency (2022: Rp149,819 for
mata uang Rupiah dan Rp30.123 untuk mata uang asing). Rupiah and Rp30,123 for foreign currency).
LAMPIRAN – 5/93 – SCHEDULE
660 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 663
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
19. BEBAN DIBAYAR DIMUKA DAN ASET LAIN-LAIN 19. PREPAYMENTS AND OTHER ASSETS (continued)
(lanjutan)
Setoran jaminan dan beban dibayar dimuka Security deposits and prepaid expenses
Termasuk dalam akun ini adalah setoran jaminan sebesar Included in these accounts are pledged security deposits
Rp28.035 (2022: Rp28.448) dan beban sewa dan of Rp28,035 (2022: Rp28,448) and prepaid rent and
pemeliharaan dibayar dimuka sebesar Rp124.071 maintenance of Rp124,071 (2022: Rp123,325).
(2022: Rp123.325).
Kerugian kredit ekspektasian aset lain-lain Expected credit losses of other assets
Perubahan kerugian kredit ekspektasian aset lain-lain: Movements of expected credit losses of other assets:
2023 2022
Saldo awal 349.157 290.142 Beginning balance
(Pengurangan)/penambahan (Deduction)/addition during
selama tahun berjalan (37.202) 58.889 the year
Selisih kurs (38) 126 Foreign exchange differences
Saldo akhir 311.917 349.157 Ending balance
Manajemen berpendapat bahwa jumlah kerugian kredit Management believes that the expected credit losses on
ekspektasian atas aset lain-lain telah memadai. other assets is adequate.
20. INVESTASI PADA ENTITAS ASOSIASI 20. INVESTMENT IN ASSOCIATE
Investasi pada ZAI diklasifikasikan sebagai investasi Investment in ZAI is classified as investment in
pada entitas asosiasi yang mana kepemilikan Bank atas associate with the remaining ownership in ZAI of
ZAI menjadi sebesar 19,81% setelah adanya penjualan 19.81% after the sale of ZAI to Zurich and ZAI’s new
ZAI ke Zurich dan penerbitan saham baru ZAI yang telah shares issuance which approved by OJK Financial
memperoleh persetujuan dari OJK Industri Keuangan Industry Non Bank on 27 September 2019 and
Non-Bank pada 27 September 2019 dan kemudian Bapepam - LK on 22 November 2019.
persetujuan dari Bapepam - LK pada 22 November 2019.
Pada tanggal 31 Desember 2023 dan 2022, entitas As of 31 December 2023 and 2022, the associate of the
asosiasi yang dimiliki oleh Bank adalah sebagai berikut: Bank was as follows:
2023 2022
Persentase
Bidang kepemilikan/
usaha/ % of Nilai tercatat/ Nilai tercatat/
Nama entitas/ Type of ownership Aset bersih/ Carrying Aset bersih/ Carrying
Name of entity business interest Net assets amount Net assets amount
PT Zurich Asuransi
Indonesia Tbk Asuransi/
(“ZAI”) Insurance 19,81% 4.372.559 957.158 4.383.069 959.239
Bank memiliki secara langsung saham Entitas Asosiasi The Bank has direct ownership of the Associate’s share
yang terdiri dari saham biasa. Negara tempat pendirian which consists of ordinary shares. The country of
atau pendaftaran merupakan lokasi bisnis yang utama. incorporation or registration is also their principal place
of business.
Meskipun Bank memiliki kurang dari 20% saham ZAI, Although the Bank holds less than 20% of the equity
Bank memiliki pengaruh signifikan dengan menjalankan shares of ZAI, the Bank exercises significant influence
hak kontraktualnya melalui penunjukkan direktur pada by virtue of its contractual right to appoint directors to the
dewan direksi entitas tersebut serta memiliki kekuatan board of directors of that entity and has the power to
untuk berpartisipasi dalam pengambilan keputusan participate in the financial and operating policy decisions
keuangan dan operasi ZAI. of ZAI.
LAMPIRAN – 5/94 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 661
Page 664
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 20. INVESTMENT IN ASSOCIATE (continued)
Tabel di bawah ini menyajikan informasi keuangan dari The following table summarizes the financial information of
investasi Bank pada ZAI seperti yang termasuk dalam the Bank’s investment in ZAI as included in its own financial
laporan keuangan terpisahnya, yang disesuaikan dengan statements, adjusted for fair value adjustments at
penyesuaian nilai wajar pada saat akuisisi dan perbedaan acquisition and differences in accounting policies. The table
kebijakan akuntansi. Tabel di bawah juga merekonsiliasi also reconciles financial information to the carrying amount
informasi keuangan ke nilai tercatat kepentingan Bank of the Bank’s interest in ZAI:
pada ZAI:
2023 2022
Jumlah aset 9.209.902 8.812.658 Total assets
Jumlah liabilitas dan dana Tabarru (4.836.427) (4.428.706) Total liabilities and Tabarru fund
Kepentingan non-pengendali (916) (883) Non-controlling interest
Aset bersih (100%) 4.372.559 4.383.069 Net assets (100%)
Persentase kepemilikan (19,81%) Percentage of ownership (19.81%)
Bagian Bank atas aset bersih 866.205 868.286 The Bank’s share of net assets
Penyesuaian nilai wajar 429.004*)*) 429.004*)**) Fair value adjustments
Efek dilusi setoran modal saham ZAI (328.351) (328.351) Effect dilution share capital ZAI
Penyesuaian (9.700) (9.700) Adjustment
Nilai tercatat dari investasi pada Carrying amount of investment
entitas asosiasi 957.158 959.239 in associate
Pendapatan premi - bersih 1.959.557 1.936.985 Premium income - net
Beban underwriting (1.317.346) (1.154.382) Underwriting expenses
Penghasilan investasi 288.107 235.375 Investment income
Beban usaha (1.005.229) (794.717) Operating expenses
Pendapatan usaha lainnya - bersih 146.262 37.431 Other operating income - net
Beban pajak final dan pajak penghasilan 14.064 (42.653) Final tax and income tax expense
Laba bersih - entitas induk 85.415 218.039 Net profit - parent entity
Kepentingan non-pengendali 43 14 Minority interest
Laba bersih 85.458 218.053 Net profit
Penghasilan/(pengeluaran) Other comprehensive
komprehensif lain income/(losses)
- entitas induk 11.881 (65.202) parent entity -
Jumlah laba komprehensif Total comprehensive income
- entitas induk 97.296 152.837 parent entity -
Bagian Bank atas jumlah laba The Bank’s share of total
komprehensif 19.274 30.277 comprehensive income
*) *)
Berdasarkan Laporan Penilai Independen dari Desmar, Ferdinan dan Rekan (DFH Based on Independent Appraisal Report of Desmar, Ferdinan dan Rekan (DFH &
& Rekan). Partner).
Rekonsiliasi atas ringkasan informasi keuangan yang Reconciliation of the summarized financial information
disajikan terhadap nilai buku dari kepentingan entitas presented to the carrying amount of its interest in associate
asosiasi adalah sebagai berikut: is as follows:
2023 2022
Nilai tercatat 959.239 949.009 Carrying amount
Dividen (21.145) (19.216) Dividend
Laba bersih yang diserap 16.921 43.194 Net income absorbed
Pendapatan komprehensif lain yang Other comprehensive income
diserap 2.353 (12.917) absorbed
Penyesuaian Lainnya (210) (831) Other Adjustment
Nilai tercatat 957.158 959.239 Carrying amount
LAMPIRAN – 5/95 – SCHEDULE
662 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 665
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 20. INVESTMENT IN ASSOCIATE (continued)
Berdasarkan Anggaran Dasar ZAI yang dituangkan dalam Based on ZAI’s Article of Association No.181 dated
Akta No.181 tanggal 27 November 2019, kepemilikan Bank 27 November 2019, the Bank's ownership of the ZAI shares
atas saham ZAI menjadi 19,81%, sehingga laporan to 19.81%, so that the financial statements of ZAI are no
keuangan ZAI tidak lagi dikonsolidasikan ke Bank. longer consolidated into the Bank. The ZAI ownership is
Kepemilikan ZAI dicatat oleh Bank sebagai investasi pada recorded by the Bank as an investment in associate entity.
entitas asosiasi. Sebagai bagian dari penjualan saham, Bank As part of the sale of share, the Bank will receive additional
akan menerima pertimbangan tambahan sebagai consideration provided that there is an increase in the value
peningkatan nilai saham yang dijual oleh Bank ke Zurich yang of shares sold by the Bank to Zurich which calculated based
dihitung berdasarkan metrik kinerja Bank dan ADMF dalam on the performance metric of the Bank and ADMF in
memberikan kontribusi premi bruto ke ZAI. contributing gross written premium for ZAI.
Pada tanggal 27 November 2019, Bank dan ADMF telah On 27 November 2019, the Bank and ADMF received
menerima imbalan dari ZAI sebesar Rp1.494.000 dan akan fees from ZAI amounted to Rp1,494,000 and will be
diamortisasi selama periode kontrak. Pada saat yang sama, amortized over the contract period. Concurrently, ZAI
ZAI menjalin kemitraan strategis jangka panjang selama has entered into long-term strategic partnership
20 tahun dengan Bank dan ADMF. agreements for 20 years period with the Bank and
ADMF.
21. SIMPANAN NASABAH 21. DEPOSITS FROM CUSTOMERS
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
- Giro 26.499.872 20.938.634 Current accounts -
- Tabungan 33.475.298 42.484.478 Savings -
- Deposito berjangka 58.954.572 37.985.739 Time deposits -
118.929.742 101.408.851
Mata uang asing Foreign currencies
(Catatan 55) (Note 55)
- Giro 7.080.074 10.487.819 Current accounts -
- Tabungan 4.693.838 5.302.006 Savings -
- Deposito berjangka 7.708.158 7.761.556 Time deposits -
19.482.070 23.551.381
138.411.812 124.960.232
Sesuai dengan Peraturan Pemerintah No.66 Tahun 2008 Based on Government Regulation No.66 year 2008
tanggal 13 Oktober 2008 tentang “Besaran Nilai dated 13 October 2008 regarding “The Savings Amount
Simpanan yang Dijamin Lembaga Penjamin Simpanan Guaranteed by the Deposit Insurance Agency (LPS)”
(LPS)” maka nilai simpanan setiap nasabah pada satu the savings amount for each customer in a Bank which
Bank yang dijamin oleh Pemerintah maksimum sebesar is guaranteed by the Government up to Rp2 billion. In
Rp2 miliar. Adapun berdasarkan Salinan Peraturan addition, based on LPS Regulation No.1 year 2023
Lembaga Penjamin Simpanan No.1 tahun 2023 tanggal dated 25 May 2023 regarding the changes in LPS
25 Mei 2023 tentang perubahan atas Peraturan Lembaga Regulation No.2/PLPS/2010 regarding Deposit
Penjamin Simpanan No.2/PLPS/2010 tentang Program Insurance Program dated 25 November 2010, customer
Penjaminan Simpanan tanggal 25 November 2010, deposit is guaranteed by LPS if deposit is recorded in
simpanan nasabah dijamin oleh LPS jika simpanan the Bank’s book; deposit interest is not exceeding LPS
tercatat di pembukuan Bank; tingkat suku bunga rate; and the depositor does not do any activity that
simpanan tidak melebihi maksimum tingkat suku resulted in unsound of the Bank.
penjaminan LPS; dan deposan bukan sebagai pihak yang
menyebabkan keadaan Bank menjadi tidak sehat.
LAMPIRAN – 5/96 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 663
Page 666
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
21. SIMPANAN NASABAH (lanjutan) 21. DEPOSITS FROM CUSTOMERS (continued)
b. Suku bunga efektif rata-rata tertimbang per b. The weighted average effective interest rates
tahun untuk tahun yang berakhir pada tanggal per annum for the year ended
31 Desember 2023 dan 2022 31 December 2023 and 2022
2023 2022
Rupiah Rupiah
- Giro 2,16% 1,52% Current accounts -
- Tabungan 2,08% 1,72% Savings -
- Deposito berjangka 4,29% 2,87% Time deposits -
Mata uang asing Foreign Currency
- Giro 2,01% 0,55% Current accounts -
- Tabungan 0,22% 0,15% Savings -
- Deposito berjangka 3,15% 0,90% Time deposits -
c. Simpanan yang diblokir dan dijadikan jaminan c. Amounts blocked and pledged as loan
atas pinjaman yang diberikan collaterals
Simpanan nasabah yang diblokir dan dijadikan Deposit from customers that are blocked and
jaminan atas pinjaman yang diberikan pada pledged as loan collateral as of 31 December 2023
31 Desember 2023 dan 2022 adalah masing-masing and 2022 amounted to Rp3,378,281 and
sebesar Rp3.378.281 dan Rp3.059.301. Rp3,059,301, respectively.
22. SIMPANAN DARI BANK LAIN 22. DEPOSITS FROM OTHER BANKS
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
- Giro 1.189.573 1.551.743 Current accounts -
- Tabungan 465.715 589.822 Savings -
- Deposito dan deposits on Deposits and deposits on
call 324.914 216.352 call -
- Call Money 250.000 - Call money -
2.230.202 2.357.917
Mata uang asing Foreign currencies
(Catatan 55) (Note 55)
- Call Money 762.160 - Call Money-
- Giro 39.328 37.313 Current accounts -
801.488 37.313
3.031.690 2.395.230
b. Suku bunga efektif rata-rata tertimbang per b. The weighted average effective interest rates
tahun untuk tahun yang berakhir pada tanggal per annum for the year ended
31 Desember 2023 dan 2022 31 December 2023 and 2022
2023 2022
Rupiah Rupiah
- Call money 5,76% 3,38% Call money -
- Giro 1,90% 1,68% Current accounts -
- Tabungan 1,53% 1,53% Savings -
- Deposito dan deposits on call 3,20% 2,54% Deposits and deposits on call -
LAMPIRAN – 5/97 – SCHEDULE
664 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 667
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. SIMPANAN DARI BANK LAIN (lanjutan) 22. DEPOSITS FROM OTHER BANKS (continued)
b. Suku bunga efektif rata-rata tertimbang per b. The weighted average effective interest rates
tahun untuk tahun yang berakhir pada tanggal per annum for the year ended
31 Desember 2023 dan 2022 (lanjutan) 31 December 2023 and 2022 (continued)
2023 2022
Mata uang asing Foreign Currency
- Call money 1,39% 1,07% Call money -
- Giro 2,01% 0,55% Current accounts -
- Tabungan 0,22% 0,15% Savings -
- Deposito dan deposits on call 3,15% 0,90% Deposits and deposits on call -
23. UTANG AKSEPTASI 23. ACCEPTANCE PAYABLES
a. Berdasarkan pihak dan mata uang a. By party and currency
2023 2022
Rupiah Rupiah
- Bank lain 87.533 157.850 Other Banks -
- Debitur 17.528 33.522 Debtors -
105.061 191.372
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- Bank lain 948.991 582.706 Other Banks -
- Debitur 486.570 462.308 Debtors -
1.435.561 1.045.014
Jumlah 1.540.622 1.236.386 Total
b. Berdasarkan jatuh tempo b. By maturity
2023 2022
Rupiah Rupiah
- Kurang dari 1 bulan 63.000 114.130 Less than 1 month -
- 1 - 3 bulan 30.502 66.540 1 - 3 months -
- 3 - 6 bulan 11.559 10.702 3 - 6 months -
105.061 191.372
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- Kurang dari 1 bulan 649.763 446.061 Less than 1 month -
- 1 - 3 bulan 514.685 428.045 1 - 3 months -
- 3 - 6 bulan 173.292 85.905 3 - 6 months -
- 6 - 12 bulan 97.821 2.169 6 - 12 months -
- Lebih dari 12 bulan - 82.834 More than 12 months -
1.435.561 1.045.014
Jumlah 1.540.622 1.236.386 Total
LAMPIRAN – 5/98 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 665
Page 668
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. UTANG OBLIGASI 24. BONDS PAYABLE
Entitas Anak Subsidiary
Utang Obligasi ADMF ADMF’s Bond Payable
2023 2022
Rupiah Rupiah
Nilai nominal 5.896.750 5.005.550 Nominal value
Dikurangi: Less:
Beban emisi obligasi yang
belum diamortisasi (11.644) (6.343) Unamortized bond issuance cost
Eliminasi untuk keperluan Elimination for consolidation
konsolidasian (49.650) (59.100) purpose
Jumlah - neto 5.835.456 4.940.107 Total - net
Beban amortisasi yang Amortization costs charged
dibebankan ke laporan laba rugi 5.736 7.227 to the profit or loss
Sesuai dengan perjanjian perwaliamanatan obligasi, kecuali According to the trustee bonds agreement, except
Obligasi Berkelanjutan V dan Obligasi Berkelanjutan VI, Continuing Bonds V and Continuing Bonds VI, ADMF
ADMF memberikan jaminan fidusia berupa piutang provides collateral with fiduciary transfer of consumer
pembiayaan konsumen (Catatan 12) dan rasio jumlah financing receivables (Note 12) and debt to equity ratio
pinjaman terhadap ekuitas tidak melebihi ketentuan, yaitu does not exceed the provision, which maximum 10:1.
maksimal 10:1. Selain itu, selama pokok obligasi belum Moreover, during the time that the bonds principals are
dilunasi, ADMF tidak diperkenankan, antara lain melakukan still outstanding, ADMF is not allowed to, among others,
penggabungan usaha kecuali dilakukan pada bidang usaha merged unless performed on the same business and to
yang sama serta menjual atau mengalihkan lebih dari 40% sell or assign more than 40% of ADMF’s non-consumer
aset ADMF yang bukan piutang pembiayaan konsumen. financing receivables assets.
Pada tanggal 31 Desember 2023 dan 2022, ADMF telah As of 31 December 2023 and 2022, ADMF had paid
melakukan pembayaran bunga obligasi sesuai dengan the bonds interest on schedule as stated in the trustee
jatuh tempo yang telah ditetapkan dalam perjanjian agreement and complied with all the requirements
perwaliamanatan dan telah memenuhi seluruh persyaratan mentioned in the trustee agreement. Total principal of
yang disebutkan dalam perjanjian perwaliamanatan. bonds have been paid in accordance with the
Jumlah pokok utang obligasi telah dibayarkan sesuai respective bonds’ maturity date.
dengan tanggal jatuh tempo obligasi yang bersangkutan.
Pada tanggal 31 Desember 2023 dan 2022, seluruh obligasi As of 31 December 2023 and 2022, all of ADMF’s
ADMF mendapat peringkat idAAA dari bonds are rated idAAA by PT Pemeringkat Efek
PT Pemeringkat Efek Indonesia (Pefindo). Indonesia (Pefindo).
Beban bunga atas utang obligasi untuk tahun yang berakhir The interest expenses of bonds payable for the
pada tanggal 31 Desember 2023 dan 2022 masing-masing year ended 31 December 2023 and 2022 amounted to
sebesar Rp336.800 dan Rp422.771. Rp336,800 and Rp422,771, respectively.
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum
atas utang obligasi pada tanggal 31 Desember 2023 dan on bonds payable as of 31 December 2023 and
2022 masing-masing sebesar 6,54% dan 6,91%. 2022 was 6.54% and 6.91%.
LAMPIRAN – 5/99 – SCHEDULE
666 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 669
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. UTANG OBLIGASI (lanjutan) 24. BONDS PAYABLE (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
b. Penawaran umum efek utang ADMF b. Public offering of ADMF’s debt securities
Pada tanggal 31 Desember 2023, obligasi yang telah As of 31 December 2023, ADMF’s bonds issued are
diterbitkan oleh ADMF adalah sebagai berikut: as follows:
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Berkelanjutan IV Adira Finance Tahap
IV Tahun 2018/Adira Finance Continuing
Bonds IV Phase IV Year 2018 (Obligasi
Berkelanjutan IV Tahap IV/Continuing 4 Desember/ PT Bank Negara Triwulan/
Bonds IV Phase IV) December 2017 No. S-458/D.04/2017 618.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
V Tahun 2019/Adira Finance Continuing
Bonds IV Phase V Year 2019 (Obligasi
Berkelanjutan IV Tahap V/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase V) December 2017 No. S-458/D.04/2017 2.000.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
VI Tahun 2019/Adira Finance Continuing
Bonds IV Phase VI Year 2019 (Obligasi
Berkelanjutan IV Tahap VI/Continuing 4 Desember/ PT Bank Negara Triwulan/
Bonds IV Phase VI) December 2017 No. S-458/D.04/2017 1.192.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan V Adira Finance Tahap
II Tahun 2021/Adira Finance Continuing
Bonds V Phase II Year 2020 (Obligasi
Berkelanjutan V Tahap II/Continuing Bonds 30 Juni/ PT Bank Negara Triwulan/
V Phase II) June 2020 No. S-182/D.04/2020 1.300.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan V Adira Finance Tahap
III Tahun 2022/Adira Finance Continuing
Bonds V Phase III Year 2022 (Obligasi
Berkelanjutan V Tahap III/Continuing Bonds 30 Juni/ PT Bank Negara Triwulan/
V Phase III) June 2020 No. S-182/D.04/2020 1.700.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
I Tahun 2023/Adira Finance Continuing
Bonds VI Phase I Year 2023 (Obligasi
Berkelanjutan VI Tahap I/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase I) June 2023 No. S-164/D.04/2023 1.700.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
II Tahun 2023/Adira Finance Continuing
Bonds VI Phase II Year 2023 (Obligasi
Berkelanjutan VI Tahap II/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase II) June 2023 No. S-164/D.04/2023 1.250.000 Indonesia (Persero) Tbk Quarterly
LAMPIRAN – 5/100 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 667
Page 670
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. UTANG OBLIGASI (lanjutan) 24. BONDS PAYABLE (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
b. Penawaran umum efek utang ADMF (lanjutan) b. Public offering of ADMF’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rate and maturity date of each serial
seri efek utang yang diterbitkan: of debt securities issued:
Tingkat bunga
tetap/
Efek utang/ Tahun penerbitan/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities Year of issuance Nominal value rate Due date Debt securities installment
Obligasi Berkelanjutan IV Tahap IV
/Continuing Bonds IV Phase IV
23 Januari/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 328.000 9,50% January 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan IV Tahap V
/Continuing Bonds IV Phase V
16 April/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 607.750 9,15% April 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan IV Tahap VI
/Continuing Bonds IV Phase VI
4 Oktober/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 190.000 8,10% October 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan V Tahap II
/Continuing Bonds V Phase II
23 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2021 741.000 5,50% July 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan V Tahap III
/Continuing Bonds V Phase III
22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 830.000 5,60% March 2025 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2022 250.000 6,25% March 2027 tempo/Bullet payment on due date
Obligasi Berkelanjutan VI Tahap I/
Continuing Bonds VI Phase I
17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 405.000 5,50% July 2024 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 410.000 6,00% July 2026 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 885.000 6,25% July 2028 tempo/Bullet payment on due date
Obligasi Berkelanjutan VI Tahap II/
Continuing Bonds VI Phase II
19 November/
November Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 834.390 6,15% 2024 tempo/Bullet payment on due date
9 November/
November Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 385.235 6,50% 2026 tempo/Bullet payment on due date
9 November/
November Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 30.375 6,55% 2028 tempo/Bullet payment on due date
LAMPIRAN – 5/101 – SCHEDULE
668 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 671
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SUKUK MUDHARABAH
\ 25. MUDHARABAH BONDS
Entitas Anak Subsidiary
a. Sukuk Mudharabah ADMF a. ADMF’s Mudharabah Bonds
2023 2022
Nilai nominal: Nominal value:
Sukuk Mudharabah Berkelanjutan III Continuing Mudharabah Bonds III
Tahap II - 29.000 Phase II
Sukuk Mudharabah Berkelanjutan III Continuing Mudharabah Bonds III
Tahap III 32.000 32.000 Phase III
Sukuk Mudharabah Berkelanjutan III Continuing Mudharabah Bonds III
Tahap IV 14.000 14.000 Phase IV
Sukuk Mudharabah Berkelanjutan IV Continuing Mudharabah Bonds IV
Tahap II 66.000 66.000 Phase II
Sukuk Mudharabah Berkelanjutan IV Continuing Mudharabah Bonds IV
Tahap III 147.000 300.000 Phase III
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap I 300.000 - Phase I
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap II 300.000 - Phase II
Jumlah - neto 859.000 441.000 Total - net
Bagian yang jatuh tempo dalam
waktu satu tahun 427.170 182.000 Current portion
Bagian yang jatuh tempo lebih
dari satu tahun 431.830 259.000 Non-current portion
Sesuai dengan perjanjian perwaliamanatan sukuk According to the trustee mudharabah bonds
mudharabah, kecuali Sukuk Mudharabah Berkelanjutan agreement, except Continuing Mudharabah Bonds IV
IV dan Sukuk Mudharabah Berkelanjutan V, ADMF and Continuing Mudharabah Bonds V, ADMF
memberikan jaminan fidusia berupa piutang provides collateral with fiduciary transfer of
pembiayaan Murabahah (Catatan 12) dan rasio jumlah Murabahah financing receivables (Note 12) and debt
pinjaman terhadap ekuitas tidak melebihi ketentuan, to equity ratio does not exceed the covenant, which is
yaitu maksimal 10:1. Selain itu, selama pokok sukuk maximum of 10:1. Moreover, during the time that the
mudharabah belum dilunasi, ADMF tidak mudharabah bonds principals are still outstanding,
diperkenankan, antara lain melakukan penggabungan ADMF is not allowed to, among others, merged unless
usaha kecuali dilakukan pada bidang usaha yang sama performed on the same business and to sell or assign
serta menjual atau mengalihkan lebih dari 40% aset more than 40% of ADMF’s non-consumer financing
ADMF yang bukan piutang pembiayaan konsumen. receivables assets.
Pendapatan bagi hasil sukuk mudharabah dihitung Sharing revenue of mudharabah bonds is calculated
berdasarkan perkalian antara nisbah bagi hasil dengan by multiplication of sharing revenue ratio and margin
margin yang diperoleh ADMF dari hasil pembiayaan that ADMF earned from mudharabah financing.
mudharabah.
ADMF telah melakukan pembayaran bagi hasil sesuai ADMF had paid the revenue sharing on schedule as
dengan jatuh tempo yang telah ditetapkan dalam stated in the trustee agreement and complied with all
perjanjian perwaliamanatan dan telah memenuhi the requirements mentioned in the trustee agreement.
seluruh persyaratan yang disebutkan dalam perjanjian Total principal of mudharabah bonds has been paid in
perwaliamanatan. Jumlah pokok sukuk mudharabah accordance with the respective mudharabah bonds’
telah dibayarkan sesuai dengan tanggal jatuh tempo maturity date.
sukuk mudharabah yang bersangkutan.
Pada tanggal 31 Desember 2023 dan 2022, seluruh As of 31 December 2023 and 2022, all of ADMF’s
sukuk mudharabah ADMF mendapat peringkat mudharabah bonds are rated idAAA(sy) by
idAAA(sy) dari PT Pemeringkat Efek Indonesia PT Pemeringkat Efek Indonesia (Pefindo).
(Pefindo).
Bagi hasil atas sukuk mudharabah untuk tahun yang The revenue sharing of mudharabah bonds for the
berakhir pada tanggal 31 Desember 2023 dan 2022 year ended 31 December 2023 and
masing-masing sebesar Rp29.983 dan Rp29.140 2022 amounted to Rp29,983 and Rp29,140,
respectively.
LAMPIRAN – 5/102 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 669
Page 672
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SUKUK MUDHARABAH (lanjutan) 25. MUDHARABAH BONDS (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
b. Penawaran umum sukuk mudharabah ADMF b. Public offering of ADMF’s mudharabah bonds
Pada tanggal 31 Desember 2023, sukuk mudharabah As of 31 December 2023, ADMF’s mudharabah bonds
yang telah diterbitkan oleh ADMF adalah sebagai issued are as follows:
berikut:
Tanggal
pernyataan Skedul
efektif/ pembayaran
Effective bagi hasil/
Sukuk mudharabah/ notification Nomor surat/ Jumlah/ Wali amanat/ Revenue sharing
Mudharabah bonds date Letter number Amount The trustee payment schedule
Sukuk Mudharabah Berkelanjutan III Adira
Finance Tahap III Tahun 2018/Adira
Finance Continuing Mudharabah Bonds
III Phase III Year 2018 (Sukuk
Mudharabah Berkelanjutan III Tahap 4 Desember/
III/Continuing Mudharabah Bonds III December PT Bank Negara Triwulan/
Phase III) 2017 No. S-458/D.04/2017 214.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan III Adira
Finance Tahap IV Tahun 2019/Adira
Finance Continuing Mudharabah Bonds
III Phase IV Year 2019 (Sukuk
Mudharabah Berkelanjutan III Tahap 4 Desember/
IV/Continuing Mudharabah Bonds III December PT Bank Negara Triwulan/
Phase IV) 2017 No. S-458/D.04/2017 96.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan IV Adira
Finance Tahap II Tahun 2021/Adira
Finance Continuing Mudharabah Bonds
IV Phase II Year 2021 (Sukuk
Mudharabah Berkelanjutan IV Tahap
II/Continuing Mudharabah Bonds IV 30 Juni/ PT Bank Negara Triwulan/
Phase II) June 2020 No. S-182/D.04/2020 200.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan IV Adira
Finance Tahap III Tahun 2022/Adira
Finance Continuing Mudharabah Bonds
IV Phase III Year 2022 (Sukuk
Mudharabah Berkelanjutan IV Tahap
III/Continuing Mudharabah Bonds IV 30 Juni/ PT Bank Negara Triwulan/
Phase III) June 2020 No. S-182/D.04/2020 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap I Tahun 2023/Adira
Finance Continuing Mudharabah Bonds
V Phase I Year 2023 (Sukuk
Mudharabah Berkelanjutan V Tahap
I/Continuing Mudharabah Bonds V 27 Juni/ PT Bank Negara Triwulan/
Phase I) June 2023 No. S-164/D.04/2023 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap II Tahun 2023/Adira
Finance Continuing Mudharabah Bonds
V Phase II Year 2023 (Sukuk
Mudharabah Berkelanjutan V Tahap
II/Continuing Mudharabah Bonds V 27 Juni/ PT Bank Negara Triwulan/
Phase II) June 2023 No. S-164/D.04/2023 300.000 Indonesia (Persero) Tbk Quarterly
LAMPIRAN – 5/103 – SCHEDULE
670 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 673
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SUKUK MUDHARABAH (lanjutan) 25. MUDHARABAH BONDS (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
b. Penawaran umum sukuk mudharabah ADMF b. Public offering of ADMF’s mudharabah bonds
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan serial of mudharabah bonds issued are as follows:
adalah sebagai berikut:
Tahun
penerbitan/ Cicilan pokok sukuk
Sukuk mudharabah/ Year of Nilai nominal/ Nisbah bagi hasil/ Jatuh tempo/ mudharabah/
Mudharabah bonds issuance Nominal value Revenue sharing ratio Due date Mudharabah bonds installment
Sukuk Mudharabah
Berkelanjutan III Tahap
III/Continuing Mudharabah
Bonds III Phase III
79,17% (setara dengan
9,50% per tahun/equivalent 23 Januari/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 32.000 to 9.50% per year) January 2024 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan III Tahap
IV/Continuing Mudharabah
Bonds III Phase IV
76,25% (setara dengan
9,15% per tahun/equivalent 16 April/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 14.000 to 9.15% per year) April 2024 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan IV Tahap
II/Continuing Mudharabah
Bonds IV Phase II
45,83% (setara dengan
5,50% per tahun/equivalent 23 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2021 66.000 to 5.50% per year) July 2024 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan IV Tahap
III/Continuing Mudharabah
Bonds IV Phase III
46,67% (setara dengan
5,60% per tahun/equivalent 22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 49.000 to 5.60% per year) March 2025 tempo/Bullet payment on due date
52,08% (setara dengan
6,25% per tahun/equivalent 22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2022 98.000 to 6.25% per year) March 2027 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan V Tahap
I/Continuing Mudharabah
Bonds V Phase I
45,83% (setara dengan
5,50% per tahun/equivalent 17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 64.000 to 5.50% per year) July 2024 tempo/Bullet payment on due date
50,00% (setara dengan
6,00% per tahun/equivalent 7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 141.000 to 6.00% per year) July 2026 tempo/Bullet payment on due date
52,08% (setara dengan
6,25% per tahun/equivalent 7 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 95.000 to 6.25% per year) July 2028 tempo/Bullet payment on due date
LAMPIRAN – 5/104 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 671
Page 674
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SUKUK MUDHARABAH (lanjutan) 25. MUDHARABAH BONDS (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
b. Penawaran umum sukuk mudharabah ADMF b. Public offering of ADMF’s mudharabah bonds
(lanjutan) (continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan serial of mudharabah bonds issued are as follows
adalah sebagai berikut (lanjutan): (continued):
Tahun
penerbitan/ Cicilan pokok sukuk
Sukuk mudharabah/ Year of Nilai nominal/ Nisbah bagi hasil/ Jatuh tempo/ mudharabah/ Mudharabah
Mudharabah bonds issuance Nominal value Revenue sharing ratio Due date bonds installment
Sukuk Mudharabah
Berkelanjutan V Tahap
II/Continuing Mudharabah
Bonds V Phase II
51,25% (setara dengan Pembayaran penuh pada saat
6,15% per tahun/equivalent 19 November/ jatuh tempo/Bullet payment on
Seri A/Serial A 2023 251.170 to 6.15% per year) November 2024 due date
54,17% (setara dengan Pembayaran penuh pada saat
6,50% per tahun/equivalent 9 November/ jatuh tempo/Bullet payment on
Seri B/Serial B 2023 48.730 to 6.50% per year) November 2026 due date
54,58% (setara dengan Pembayaran penuh pada saat
6,55% per tahun/equivalent 9 November/ jatuh tempo/Bullet payment on
Seri C/Serial C 2023 100 to 6.55% per year) November 2028 due date
ADMF menerbitkan sukuk mudharabah dengan tujuan ADMF issued mudharabah bonds for the purpose of
untuk membiayai kegiatan utama ADMF yaitu funding ADMF’s main activity which is consumer
pembiayaan konsumen. financing.
ADMF dapat melakukan pembelian kembali (buy back) ADMF can buy back part or all the bonds issued under
untuk sebagian atau seluruh obligasi yang diterbitkan a condition that such action can only be conducted after
dengan ketentuan bahwa hal tersebut hanya dapat the first anniversary since the issuance date.
dilaksanakan setelah ulang tahun pertama sejak tanggal
emisi.
LAMPIRAN – 5/105 – SCHEDULE
672 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 675
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. PINJAMAN YANG DITERIMA 26. BORROWINGS
Entitas Anak Subsidiary
Berdasarkan jenis dan mata uang By type and currency
2023 2022
Rupiah Rupiah
- PT Bank Pan Indonesia Tbk 1.931.525 773.191 PT Bank Pan Indonesia Tbk -
- PT Bank Mandiri (Persero) Tbk 1.727.299 941.698 PT Bank Mandiri (Persero) Tbk -
- PT Bank Maybank Indonesia Tbk 1.551.605 - PT Bank Maybank Indonesia Tbk -
- MUFG Bank, Ltd. 1.154.167 1.265.417 MUFG Bank, Ltd. -
- PT Bank Central Asia Tbk 1.064.698 175.000 PT Bank Central Asia Tbk -
- PT Bank Central Asia Syariah Tbk 233.333 - PT Bank Central Asia Syariah Tbk -
- PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah -
Jawa Barat dan Banten Tbk 181.623 - Jawa Barat dan Banten Tbk
- PT Bank DBS Indonesia 91.458 - PT Bank DBS Indonesia -
- PT Bank UOB Indonesia 75.000 487.500 PT Bank UOB Indonesia -
- PT Bank Muamalat Indonesia Tbk 75.000 - PT Bank Muamalat Indonesia Tbk -
8.085.708 3.642.806
Mata uang asing (Catatan 55) Foreign currencies (Note 55)
- MUFG Bank, Ltd. 235.181 - MUFG Bank, Ltd. -
- Bank BNP Paribas (Singapura) - 784.861 Bank BNP Paribas (Singapore) -
235.181 784.861
8.320.889 4.427.667
Suku bunga efektif rata-rata tertimbang untuk tahun yang The weighted average effective interest rate per annum for
berakhir pada tanggal 31 Desember 2023 dan 2022 adalah the year ended 31 December 2023 and 2022 were 6.97%
6,97% dan 6,09%. and 6.09%.
Berikut ini adalah tabel rincian dari pinjaman yang diterima: The following table is the details of borrowings:
Batas maksimum
Perjanjian terakhir/ Suku bunga kontraktual/
kredit/ Latest agreement Contractual interest rate
Nama Bank/ Fasilitas/ Maximum credit Cicilan pokok/
Bank Name Facility limit Awal/Start Akhir/End 2023 2022 Principal installment
Pembayaran penuh pada
MUFG Bank, Ltd. 30 Juni/ 30 Desember/ saat jatuh tempo/Bullet
(Jakarta) I 500.000 June 2023 December 2024 3,90% - 6,15% 3,90% - 4,56% payment on maturity date
21 Juni/ 3 Mei/ Setiap satu bulan sekali/
II 500.000 June 2023 May 2024 4,00% - 4,25% 4,00% - 4,25% Monthly basis
21 Juni/ 3 Februari/ Setiap tiga bulan sekali/
III 800.000 June 2023 February 2026 6,00% - 6,60% 6,00% - 6,60% Quarterly basis
23 Desember/ 23 Juni/ Setiap satu bulan sekali/
IV 500.000 December 2022 June 2024 6,98% - Monthly basis
23 Desember/ 23 Juni/ Setiap tiga bulan sekali/
V 500.000 December 2022 June 2026 7,25% - 7,30% - Quarterly basis
20 Juli/ 20 Januari/ Setiap satu bulan sekali/
VI 200.000 July 2023 January 2025 6,60% - Monthly basis
USD100.000.000
MUFG Bank, Ltd. (Equivalent to 21 November/ 21 November/ Setiap tiga bulan sekali/
(Singapura) I ¥14.000.112.000 November 2023 November 2027 0,72% - Quarterly basis
PT Bank Mandiri 29 September/ 30 Juni/ Setiap satu bulan sekali/
(Persero) Tbk I 2.000.000 September 2023 June 2026 4,80% - 7,22% 4,80% - 6,80% Monthly basis
29 September/ 9 April/ Setiap satu bulan sekali/
II 2.000.000 September 2023 April 2028 6,50% - 7,20% - Monthly basis
LAMPIRAN – 5/106 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 673
Page 676
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. PINJAMAN YANG DITERIMA (lanjutan) 26. BORROWINGS (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
Berikut ini adalah tabel rincian dari pinjaman yang diterima The following table is the details of borrowings (continued):
(lanjutan):
Batas maksimum
Perjanjian terakhir/ Suku bunga kontraktual/
kredit/ Latest agreement Contractual interest rate
Nama Bank/ Fasilitas/ Maximum credit Cicilan pokok/
Bank Name Facility limit Awal/Start Akhir/End 2023 2022 Principal installment
PT Bank Maybank 28 Maret/ 28 Desember/ Setiap satu bulan sekali/
Indonesia Tbk I 1.000.000 March 2023 December 2026 7,35% - Monthly basis
23 Juni/ 23 Maret/ Setiap satu bulan sekali/
II 1.000.000 June 2023 March 2027 6,50% - 7,25% - Monthly basis
Pembayaran penuh pada saat
23 Juni/ 23 Juni/ jatuh tempo/Bullet payment on
III 250.000 June 2023 June 2024 6,00% - 6,20% - maturity date
PT Bank UOB 14 Juni/ 16 September/ Setiap tiga bulan sekali/
Indonesia I 500.000 June 2022 September 2023 4,95% - 5,10% 4,90% - 5,10% Quarterly basis
19 Desember/ 19 Juni/ Setiap tiga bulan sekali/
II 500.000 December 2022 June 2024 6,50% - 6,60% 6,50% Quarterly basis
Pembayaran penuh pada saat
CitiBank, N.A., 29 Mei/ 9 Februari/ jatuh tempo/Bullet payment on
Indonesia I 600.000 May 2019 February 2024 - - maturity date
Pembayaran penuh pada saat
PT Bank Central 22 September/ 14 Maret/ jatuh tempo/Bullet
Asia Tbk I 500.000 September 2023 March 2024 6,00% - 6,40% 4,30% - 6,00% payment on maturity date
5 September/ 20 April/ Setiap satu bulan sekali/
II 1.000.000 September 2022 April 2026 7,16% - 7,19% - Monthly basis
22 September/ 12 Juni/ Setiap satu bulan sekali/
III 1.000.000 September 2023 June 2027 7,00% - Monthly basis
PT Bank BCA 26 Juni/ 30 September/ Setiap satu bulan sekali/
Syariah I 300.000 June 2023 September 2029 7,25% - 7,35% - Monthly basis
PT Bank Pan 14 November/ 14 November/ Setiap satu bulan sekali/
Indonesia Tbk I 1.000.000 November 2022 November 2026 6,30% - 7,30% 6,30% - 7,30% Monthly basis
20 Februari/ 20 Februari/ Setiap satu bulan sekali/
II 1.000.000 February 2023 February 2027 7,10% - Monthly basis
27 Maret/ 27 Maret/ Setiap satu bulan sekali/
III 1.000.000 March 2023 March 2027 6,30% - 7,10% - Monthly basis
BNP Paribas
(Singapore) - 17 Januari/ 17 Juli/ Setiap tiga bulan sekali/
Syndicated I USD 300.000.000 January 2020 July 2023 4,64% - 6,11% 1,02% - 5,64% Quarterly basis
PT Bank
Pembangunan
Daerah Jawa
Barat & Banten 27 Juli/ 27 April/ Setiap satu bulan sekali/
Tbk I 500.000 July 2023 April 2027 6,60% - 6,65% - Monthly basis
PT Bank DBS 4 September/ 4 September/ Setiap tiga bulan sekali/
Indonesia I 300.000 September 2023 September 2027 6,80% - Quarterly basis
PT Bank Muamalat 30 Agustus/ 28 Februari/ Setiap satu bulan sekali/
Indonesia Tbk I 200.000 August 2023 February 2027 6,35% - Monthly basis
Pembayaran penuh pada saat
PT Bank CTBC 15 Desember/ 15 Desember/ jatuh tempo/Bullet payment on
Indonesia I 175.000 December 2023 December 2024 - - maturity date
LAMPIRAN – 5/107 – SCHEDULE
674 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 677
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. PINJAMAN YANG DITERIMA (lanjutan) 26. BORROWINGS (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
Untuk pinjaman BNP Paribas (Singapore) sindikasi, For BNP Paribas (Singapore) syndicated borrowing,
Australia dan New Zealand Banking Group Limited, DBS Australia and New Zealand Banking Group Limited,
Bank Ltd., Maybank Kim Eng Securities PTE Ltd., MUFG DBS Bank Ltd., Maybank Kim Eng Securities PTE Ltd.,
Bank Ltd. dan United Overseas Bank Limited bertindak MUFG Bank Ltd., and United Overseas Bank Limited
sebagai mandated lead arrangers dan bookrunners, BNP acted as mandated lead arrangers and bookrunners,
Paribas (Singapore) sebagai agent dan PT Bank BNP BNP Paribas (Singapore) acted as agent dan PT Bank
Paribas Indonesia bertindak sebagai security agent. BNP Paribas Indonesia acted as security agent.
Australia and New Zealand Banking Group Limited, Bank Australia and New Zealand Banking Group Limited,
of Baroda (Singapore), Bank of China Limited Bank of Baroda (Singapore), Bank of China Limited
(Singapore), Bank of Taiwan (Singapore), The Chugoku (Singapore), Bank of Taiwan (Singapore), The Chugoku
Bank, Ltd. (Hong Kong), Chang Hwa Commercial Bank, Bank, Ltd. (Hong Kong), Chang Hwa Commercial Bank,
Ltd. (Singapore), CTBC Bank Co., Ltd., DBS Bank Ltd., Ltd. (Singapore), CTBC Bank Co., Ltd., DBS Bank Ltd.,
Far Eastern International Bank, Ltd., First Commercial Far Eastern International Bank, Ltd., First Commercial
Bank, The Gunma Bank, Ltd., Hua Nan Commercial Bank, Bank, The Gunma Bank, Ltd., Hua Nan Commercial
Ltd., Hua Nan Commercial Bank, Ltd. (Singapore), Land Bank, Ltd., Hua Nan Commercial Bank, Ltd.
Bank of Taiwan, Malayan Banking Berhad (Singapore), (Singapore), Land Bank of Taiwan, Malayan Banking
Mega International Commercial Co., Ltd. (Singapore), Berhad (Singapore), Mega International Commercial
MUFG Bank, Ltd., The Norinchukin Bank (Singapore), Co., Ltd. (Singapore), MUFG Bank, Ltd., The
RHB Bank Berhad, State Bank of India (Tokyo), Norinchukin Bank (Singapore), RHB Bank Berhad,
Sumitomo Mitsui Trust Bank, Limited (Singapore), Taishin State Bank of India (Tokyo), Sumitomo Mitsui Trust
International Bank Co., Ltd., United Overseas Bank Bank, Limited (Singapore), Taishin International Bank
Limited, E.SUN Commercial Bank, Ltd. (Singapore), The Co., Ltd., United Overseas Bank Limited, E.SUN
Chiba Bank, Ltd. (Hong Kong), The Daishi Bank, Ltd., The Commercial Bank, Ltd. (Singapore), The Chiba Bank,
Export-Import Bank of the Republic of China, The Ltd. (Hong Kong), The Daishi Bank, Ltd., The Export-
Hyakugo Bank, Ltd., The Iyo Bank, Ltd., The Shanghai Import Bank of the Republic of China, The Hyakugo
Commercial & Savings Bank, Ltd., The Shizuoka Bank, Bank, Ltd., The Iyo Bank, Ltd., The Shanghai
Ltd. (Hong Kong), Taiwan Business Bank, Ltd., The Higo Commercial & Savings Bank, Ltd., The Shizuoka Bank,
Bank, Ltd., The Joyo Bank, Ltd., The Shiga Bank, Ltd., Ltd. (Hong Kong), Taiwan Business Bank, Ltd., The
dan The Bank of Kyoto, Ltd., bertindak sebagai original Higo Bank, Ltd., The Joyo Bank, Ltd., The Shiga Bank,
lenders. Ltd. and The Bank of Kyoto, Ltd. acted as original
lenders.
Pinjaman yang diterima dari PT Bank Central Asia Tbk The borrowings from PT Bank Central Asia Tbk (facility
(fasilitas I), CitiBank, N.A., Indonesia, PT Bank BCA I), CitiBank, N.A., Indonesia, PT Bank BCA Syariah,
Syariah, MUFG Bank, Ltd. (Jakarta) (fasilitas I), PT Bank MUFG Bank, Ltd. (Jakarta) (facility I), PT Bank CTBC
CTBC Indonesia dan PT Bank Maybank Indonesia Tbk Indonesia and PT Bank Maybank Indonesia Tbk (facility
(fasilitas III) merupakan fasilitas pinjaman modal kerja III) are revolving working capital facilities.
berulang.
Seluruh pinjaman yang diterima oleh ADMF digunakan All of the ADMF’s borrowings are used for working
untuk modal kerja. Selama pinjaman belum dilunasi, capital purposes. During the period that the loan is still
ADMF tidak diperkenankan antara lain, mengikat diri outstanding, the ADMF is not allowed to, among others,
sebagai penjamin atas pemenuhan kewajiban pihak act as a guarantor for the fulfillment of third party
ketiga, diharuskan untuk memenuhi ketentuan gearing obligations, is required to comply with gearing ratio
rasio paling tinggi 10 kali dan mempertahankan rasio provisions for a maximum of 10 times and maintain the
saldo piutang pembiayaan (outstanding principal) dengan ratio of financing receivable (outstanding principal)
kategori kualitas piutang pembiayaan bermasalah (non- categorised as non-performing financing after deducting
performing financing) setelah dikurangi cadangan allowance for impairment losses at the maximum of 5%
penyisihan penghapusan piutang pembiayaan paling in accordance with OJK provisions, and other reporting
tinggi sebesar 5% sesuai ketentuan OJK, dan kewajiban obligation.
penyampaian laporan lainnya
LAMPIRAN – 5/108 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 675
Page 678
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. PINJAMAN YANG DITERIMA (lanjutan) 26. BORROWINGS (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
Pada tanggal 31 Desember 2023, saldo pinjaman yang As of 31 December 2023, the outstanding balance of the
diterima dalam mata uang asing sebesar borrowings denominated in foreign currency amounted
JPY2.160.000.000 (2022: USD50.416.667) (nilai penuh), to JPY2,160,000,000 (2022: USD50,416,667) (full
termasuk bunganya telah dilindung nilai dengan kontrak amount), including the interest which was hedged by
cross currency swap (lihat Catatan 10 dan 38). cross currency swap (see Notes 10 and 38).
Untuk tahun yang berakhir 31 Desember 2023 dan 2022, For the year ended 31 December 2023 and 2022,
amortisasi beban provisi atas pinjaman yang diterima amortization of provision expenses on borrowings was
yang dibebankan ke laporan laba rugi. charged to the statement of profit or loss.
Pada tanggal 31 Desember 2022, fasilitas pinjaman BNP As of 31 December 2022, BNP Paribas (Singapore)
Paribas (Singapore) sindikasi dijamin dengan piutang syndicated borrowing is secured by consumer financing
pembiayaan konsumen. receivables.
Pembayaran bunga dan pokok pinjaman telah dibayarkan Interest and principal loan payments have been paid by
oleh ADMF sesuai dengan jadwal. ADMF on schedule.
Pada tanggal 31 Desember 2023, ADMF telah memenuhi As of 31 December 2023, ADMF has complied with all
seluruh persyaratan yang disebutkan dalam perjanjian the requirements mentioned in the loan facility
fasilitas-fasilitas pinjaman ini. agreements.
LAMPIRAN – 5/109 – SCHEDULE
676 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 679
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN 27. TAXATION
a. Pajak dibayar dimuka a. Prepaid tax
2023 2022
Bank Bank
Surat Ketetapan Pajak (SKP) 944.450 642.150 Tax Assessment Letters
Pajak Penghasilan Badan 2022 208.454 208.374 Corporate Income Tax 2022
Pajak Penghasilan Badan 2023 343.150 - Corporate Income Tax 2023
Entitas Anak Subsidiary
Surat Ketetapan Pajak (SKP) 64.396 46.112 Tax Assessment Letters
1.560.450 896.636
b. Utang pajak b. Taxes payable
2023 2022
Bank Bank
Pajak Penghasilan: Income Tax:
- Pasal 25 17.383 56.015 Article 25 -
- Pasal 21 63.040 60.437 Article 21 -
- Pajak Penghasilan Lainnya 21.171 19.351 Other Income Taxes -
Pajak Pertambahan Nilai 16.556 13.847 Value Added Tax
118.150 149.650
Entitas Anak Subsidiary
Pajak Penghasilan: Income Tax:
- Pajak Penghasilan Badan Corporate Income Tax -
Tahun 2022 - 265.266 2022
- Pajak Penghasilan Badan Corporate Income Tax -
Tahun 2023 141.650 - 2023
- Pasal 21 24.386 24.322 Article 21 -
- Pajak Penghasilan Lainnya 5.919 6.644 Other Income Taxes -
Pajak Pertambahan Nilai 8.841 5.915 Value Added Tax
180.796 302.147
298.946 451.797
c. Beban pajak penghasilan c. Income tax expense
2023 2022
Bank Bank
Kini 145.482 314.112 Current
Tangguhan 356.810 222.683 Deferred
Surat Ketetapan Pajak 4.768 4.036 Tax Assessment Letter
507.060 540.831
Entitas Anak Subsidiary
Kini 469.261 544.156 Current
Tangguhan 57.727 (95.078) Deferred
Surat Ketetapan Pajak 1.634 (14.909) Tax Assessment Letter
528.622 434.169
Konsolidasian Consolidated
Kini 614.743 858.268 Current
Tangguhan 414.537 127.605 Deferred
Surat Ketetapan Pajak 6.402 (10.873) Tax Assessment Letter
Total 1.035.682 975.000 Total
LAMPIRAN – 5/110 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 677
Page 680
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi antara laba sebelum pajak penghasilan, The reconciliation between income before income tax,
seperti yang disajikan dalam laporan laba rugi as shown in the consolidated statements of profit or
konsolidasian, dan penghasilan kena pajak Bank loss of the Bank, and taxable income for the
untuk tahun yang berakhir pada tanggal 31 Desember year ended 31 December 2023 and 2022 is as
2023 dan 2022 adalah sebagai berikut: follows:
2023 2022
Laba konsolidasian Consolidated income
sebelum pajak penghasilan 4.693.727 4.404.634 before income tax
Laba sebelum pajak - Entitas Anak (682.785) (561.489) Income before tax - Subsidiary
Laba sebelum pajak - Bank 4.010.942 3.843.145 Income before tax - Bank
Bagian ekuitas atas Equity account of net income of
laba Entitas Anak (1.789.884) (1.478.207) Subsidiary
Laba akuntansi sebelum pajak Accounting income before tax
(Bank saja - untuk tujuan pajak) 2.221.058 2.364.938 (Bank only - for tax purposes)
Perbedaan temporer: Temporary differences:
- Kerugian penurunan nilai
atas aset dan Impairment losses on assets -
penghapusbukuan pinjaman (1.771.421) (1.007.583) and loans written off
- Keuntungan yang belum Unrealized Gains from -
direalisasi atas perubahan nilai changes in fair value
wajar efek-efek dan Obligasi of marketable securities
Pemerintah - neto 2.715 1.199 and Government Bonds - net
- Penyusutan aset tetap (45.182) (21.362) Depreciation of fixed assets -
- Pengurangan imbalan kerja
karyawan 172.500 64.280 Deduction of employee benefits -
- Lain-lain 19.524 (48.728) Others -
(1.621.864) (1.012.194)
Perbedaan permanen: Permanent differences:
- Penyusutan aset tetap - 47 Depreciation of fixed assets -
- Lain-lain 62.090 74.992 Others -
62.090 75.039
Penghasilan kena pajak 661.284 1.427.783 Taxable income
Beban pajak penghasilan badan 145.482 314.112 Corporate income tax expense
Dikurangi: Less:
Pajak dibayar dimuka pasal 25 (488.632) (522.486) Prepaid tax article 25
Pajak dibayar dimuka (343.150) (208.374) Corporate prepaid tax
Sesuai dengan Undang-Undang Perpajakan In accordance with Indonesia Taxation Law,
Indonesia, pajak penghasilan badan dihitung secara Corporate income tax is calculated annually for the
tahunan untuk Bank dan Entitas Anak sebagai entitas Bank and Subsidiary in the understanding that they
hukum yang terpisah. are separate legal entities.
Perhitungan pajak penghasilan badan untuk tahun The above calculation of income tax for the year
yang berakhir pada tanggal 31 Desember 2023 di atas ended 31 December 2023 was a preliminary estimate
adalah suatu perhitungan sementara untuk tujuan for accounting purposes and is subject to change at
akuntansi dan dapat berubah pada waktu Bank the time the Bank submits its Annual Tax Return
menyampaikan Surat Pemberitahuan Tahunan (“SPT”) corporate income tax.
(“SPT”) pajak penghasilan badan.
LAMPIRAN – 5/111 – SCHEDULE
678 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 681
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi atas beban pajak penghasilan Bank dan The reconciliation between the Bank and Subsidiary
Entitas Anak dengan perkalian laba akuntansi Bank income tax expense and the Bank and Subsidiary
dan Entitas Anak sebelum pajak penghasilan dan accounting profit before tax multiplied by the
tarif pajak yang berlaku adalah sebagai berikut: prevailing tax rate is as follows:
2023 2022
Laba konsolidasian Consolidated income
sebelum pajak penghasilan 4.693.727 4.404.634 before income tax
Pendapatan yang dikenakan
pajak final (26.097) (29.551) Income subject to final tax
4.667.630 4.375.083
Pajak dihitung pada tarif pajak 1.026.878 962.518 Tax calculated at statutory tax rate
Beban Pajak Akibat Perbedaan Tax Expense on Permanent
Permanen dengan Tarif Pajak 22% 13.660 16.509 Difference at 22%
Permanent differences
Perbedaan permanen - Entitas Anak (9.624) (8.069) - Subsidiary
Lain-lain dan eliminasi 4.768 4.042 Others and elimination
Beban pajak penghasilan 1.035.682 975.000 Income tax expense
Tarif Pajak Tax Rate
Pada tanggal 29 Oktober 2021, Pemerintah On 29 October 2021, the Government stipulated Law
menetapkan Undang-Undang No.7 Tahun 2021 No.7 Year 2021 on the Harmonization of Tax
tentang Harmonisasi Peraturan Perpajakan Regulations (“HPP Law”). One of the changes in this
(“UU HPP”). Salah satu perubahan dalam UU HPP HPP Law is the Corporate Income Tax rate
ini adalah tarif pajak penghasilan badan yang berlaku applicable in 2022 and so forth is 22%.
di tahun 2022 dan seterusnya adalah 22%.
Bank Bank
Pemeriksaan pajak tahun 2008 Tax audit for the fiscal year 2008
Pada bulan Februari 2012, Bank menerima Surat In February 2012, the Bank received tax
Ketetapan Pajak (“SKP”) untuk tahun fiskal 2008. assessment letters for the fiscal year 2008. Based
Berdasarkan SKP tersebut, Kantor Pajak on the assessment letters, the Tax Office
menetapkan kurang bayar atas Pajak Penghasilan confirmed the underpayment of Article 21
(“PPh”) Pasal 21, PPh Pasal 23/26, PPh Final Pasal Employee Income Tax (“EIT”), Articles 23/26
4(2), Pajak Pertambahan Nilai (“PPN”), dan PPh Withholding Tax (“WHT”), Final Income Tax (“FIT”)
Badan dengan jumlah keseluruhan Rp106.607. Hasil Article 4(2), Value Added Tax (“VAT”), and
pemeriksaan tersebut telah disetujui oleh Corporate Income Tax (“CIT”) aggregating
Manajemen Bank, kecuali ketetapan kurang bayar Rp106,607. The result of the audit was agreed by
PPh Badan dan PPh Pasal 26 masing-masing the Bank’s Management, except for the
sebesar Rp30.621 dan Rp61.861. Pada tanggal assessment on the underpayment of CIT and
3 Mei 2012, Bank mengajukan surat keberatan atas Article 26 WHT of Rp30,621 and Rp61,861,
penetapan pajak tersebut. respectively. On 3 May 2012, the Bank submitted
objection letter on the above tax assessments.
Hasil pemeriksaan yang telah disetujui Manajemen The tax assessment which was agreed by the
Bank masing-masing sebesar Rp13.463 dan Rp662 Bank’s Management of Rp13,463 and Rp662 was
telah dibebankan ke laporan laba rugi tahun 2011 charged to the 2011 and 2012 profit or loss,
dan 2012. respectively.
LAMPIRAN – 5/112 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 679
Page 682
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun 2008 (lanjutan) Tax audit for the fiscal year 2008 (continued)
Pada bulan April 2013, Kantor Pelayanan Pajak telah In April 2013, the Tax Office issued a rejection
menerbitkan surat keputusan penolakan permohonan letter to the objection letter on Article 26 WHT and
keberatan PPh Pasal 26 dan hanya menyetujui only agreed to the objection on the CIT of Rp6. In
permohonan keberatan PPh Badan sebesar Rp6. July 2013, the Bank submitted an appeal to the
Pada bulan Juli 2013, Bank telah mengajukan Tax Court on Article 26 WHT and CIT of Rp61,861
permohonan banding ke Pengadilan Pajak atas PPh and Rp30,615, respectively, which was rejected
Pasal 26 dan PPh Badan masing-masing sebesar by the Tax Court.
Rp61.861 dan Rp30.615 dan ditolak oleh Pengadilan
Pajak.
Atas penolakan ini Bank telah mengajukan The Bank filed a request for tax reconsideration
permohonan peninjauan kembali atas putusan on the Tax Court decision with the Supreme Court
Pengadilan Pajak ke Mahkamah Agung pada tanggal on 26 November 2014. The amount paid of
26 November 2014. Jumlah yang telah dibayarkan Rp92,476 is recorded as prepaid tax.
sebesar Rp92.476 dicatat sebagai pajak dibayar
dimuka.
Di tahun 2016, atas permohonan peninjauan kembali In 2016, regarding the request for judicial review
PPh Badan dan PPh Pasal 26, Mahkamah Agung of CIT and Article 26 WHT, the Supreme Court
telah menerbitkan keputusan resmi yang has issued decision which accepts the request for
mengabulkan semua permohonan peninjauan judicial review of CIT and Article 26 WHT in the
kembali untuk PPh Badan dan PPh Pasal 26 sebesar amount of Rp30,615 and Rp61,861, respectively.
masing-masing Rp30.615 dan Rp61.861.
Bank telah menerima sejumlah Rp66.705 dari Kantor The Bank received the amount of Rp66,705 from
Pelayanan Pajak sebagai pengembalian dari pajak the Tax Office as part of the amount of refund of
dibayar dimuka yang nilainya Rp92.476. the prepaid tax of Rp92,476.
Atas sisa pengembalian yang belum diterima, Bank The remaining refund that has not been received,
telah mengirimkan surat permohonan pengembalian the Bank has sent refund request letters, but Tax
pajak, namun Kantor Pajak menolak permohonan Office rejected those letters. For this rejection, the
tersebut. Atas penolakan tersebut, Bank telah Bank has submitted a lawsuit to the tax court.
mengajukan gugatan ke Pengadilan Pajak.
Pada bulan Juni 2023, Pengadilan Pajak In June 2023, Tax Court decided to grant the Bank
memutuskan untuk mengabulkan gugatan tax lawsuit on a tax refund request and in
pengembalian pajak Bank dan pada bulan September September 2023, the Bank already received the
2023, Bank telah menerima sisa pengembalian pajak remaining tax refund from Tax Office to Rp25,771.
tersebut dari Kantor Pajak sebesar Rp25.771. Thus, at the reporting date, all of the litigation
Dengan demikian, pada tanggal pelaporan, seluruh process of tax audit result for the 2008 has been
upaya hukum atas hasil pemeriksaan pajak tahun completed.
2008 telah selesai.
Pemeriksaan pajak tahun 2016 Tax audit for the fiscal year 2016
Pada bulan November 2019, Bank menerima SKP In November 2019, the Bank received tax
untuk tahun fiskal 2016. Berdasarkan SKP tersebut, assessment letters for the fiscal year 2016. Based
Kantor Pajak menetapkan kurang bayar atas PPh on the assessment letters, the Tax Office
Pasal 26, PPh Final Pasal 4(2), PPN, dan PPh Badan confirmed the underpayment of Article 26 WHT,
dengan jumlah keseluruhan Rp310.756. Hasil FIT Article 4(2), VAT, and CIT aggregating
pemeriksaan tersebut telah disetujui oleh Manajemen Rp310,756. The result of the audit was agreed by
Bank, kecuali ketetapan kurang bayar PPh Badan, the Bank’s Management, except for the
PPh Pasal 26, PPh Final Pasal 4(2) dan PPN masing- assessment on the underpayment of CIT, Article
masing sebesar Rp274.415, Rp4.699, Rp2.591, dan 26 WHT, FIT Article 4(2) and VAT of Rp274,415,
Rp22.357. Pada tanggal 7 Februari 2020, Bank Rp4,699, Rp2,591, and Rp22,357, respectively.
mengajukan surat keberatan atas penetapan pajak On 7 February 2020, the Bank submitted
tersebut. Jumlah yang telah dibayarkan sebesar objection letter on the above tax assessments.
Rp304.062 dicatat sebagai pajak dibayar dimuka. The amount paid of Rp304,062 is recorded as
prepaid tax.
LAMPIRAN – 5/113 – SCHEDULE
680 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 683
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun 2016 (lanjutan) Tax audit for the fiscal year 2016 (continued)
Pada Januari 2021, Bank menerima Surat Keputusan In January 2021, the Bank received Tax Objection
Keberatan atas Surat Ketetapan Pajak PPN masa Decision Letter on VAT Assessment Letter for
Januari - Desember 2016, Surat Ketetapan PPh period January - December 2016, CIT Assessment
Badan, dan Surat Ketetapan PPh Pasal 26 dan PPh Letter, and Article 26 WHT and FIT Article 4(2)
Final Pasal 4(2). Dalam Surat Keputusan Keberatan Assessment Letter. On the tax objection decision
tersebut, Kantor Pajak menyetujui permohonan letter, the Tax Office agreed the CIT objection
keberatan pajak PPh Badan Bank sebesar Rp73.236 amounting Rp73,236 and the Bank has received
dan Bank telah menerima pengembalian sejumlah the refund on the agreed amount from Tax Office.
yang disetujui ini dari Kantor Pajak.
Pada Februari 2021, Bank telah menerima Surat In February 2021, the Bank has received Decision
Keputusan Pengembalian Kelebihan Pembayaran Letter for the Return of VAT Overpayment for the
PPN Masa Oktober 2016 sebesar Rp28 dan Bank Period of October 2016 amounted to Rp28 and the
telah menerima pengembalian sejumlah Rp28 dari Bank has received a payment of Rp28 from the Tax
Kantor Pajak. Office.
Pada Maret 2021, Bank telah mengajukan On March 2021, The Bank has submitted an
permohonan banding ke Pengadilan Pajak atas sisa appeal letter to Tax Court on the underpayment of
ketetapan kurang bayar PPh Badan, PPh Pasal 26, CIT, Article 26 WHT, FIT Article 4(2) and VAT of
PPh Final 4(2) dan PPN masing-masing sebesar, Rp201,179, Rp4,699, Rp2,591 and Rp17,032,
Rp201.179, Rp4.699, Rp2.591 dan Rp17.032 dengan respectively with the total amount of Rp225,501.
jumlah keseluruhan Rp225.501.
Pada Desember 2022, Bank mengajukan permohonan On December 2022, the Bank submitted
pemindahbukuan atas PPN Jasa Luar Negeri sebesar overbooking request on VAT Offshore on provision
Rp5.297. of services amounted to Rp5,297.
Dan pada bulan yang sama Bank telah menerima And on the same month, the Bank has received
surat keputusan Bukti Pemindahbukuan atas PPN Overbooking Decision Letter on VAT Offshore on
Jasa Luar Negeri masa Januari – Desember 2016 provision of service for the period January -
sebesar Rp3.444 yang dipindahbukukan ke angsuran December 2016 amounted to Rp3,444, which will
PPh Pasal 25 masa Januari 2023. Atas selisih antara be overbook to instalment of Income Tax Article 25
pemindahbukuan dan SKPKB PPN Barang Tidak for the period of January 2023. On the
Berwujud dari Luar daerah Pabean hasil pemeriksaan discrepancies between the overbooked tax and the
pajak tahun 2016, sebesar Rp1.853, Bank telah 2016 Tax Assessment Letter on VAT of Taxable
menyetujui untuk membukukan selisih tersebut Intangible Goods from outside the Customs Area
sebagai biaya pajak lainnya di Januari 2023. amounting Rp1,853, the Bank has agreed to record
as other tax expenses in January 2023.
Sampai dengan tanggal pelaporan, upaya hukum Up to the reporting date, the legal action for the
pengajuan Banding Bank masih dalam proses di application of the Bank appeal is still in process at
Pengadilan Pajak. the Tax Court.
LAMPIRAN – 5/114 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 681
Page 684
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun 2017 Tax audit for the fiscal year 2017
Pada tanggal 31 Januari 2022, Bank telah menerima On 31 January 2022, the Bank received tax
SKP untuk tahun fiskal 2017. Berdasarkan SKP assessment letters for the fiscal year 2017. Based
tersebut, Kantor Pajak menetapkan kurang bayar atas on the tax assessment letters, the Tax Office
PPh Badan, PPh Final Pasal 4(2), PPh Pasal 21, PPh confirm the underpayment of CIT, FIT Article 4(2),
Pasal 26 dan PPN dengan jumlah keseluruhan Article 21, Article 26 WHT and VAT aggregating
Rp374.257. Hasil pemeriksaan tersebut telah disetujui Rp374,257. The tax audit result was agreed by
oleh Manajemen Bank, kecuali ketetapan kurang the Bank’s Management, except for the
bayar PPh Pasal 26, PPN dan PPh Badan masing- assessment on the underpayment of Article 26
masing sebesar Rp53.121, Rp25.513 dan Rp290.453. WHT, VAT, and CIT of Rp53,121, Rp25,513 and
Jumlah yang telah dibayarkan sebesar untuk Rp290,453, respectively. The amount paid of
Rp369.087 dicatat sebagai pajak dibayar di muka. Rp369,087 is recorded as prepaid tax. Amount of
Jumlah ketetapan pajak kurang bayar yang disetujui the tax assessment which was agreed by the
sebesar Rp5.170 telah dibayarkan dan dibebankan ke Bank’s Management of Rp5,170 has been paid
laporan laba rugi tahun 2022. Pada tanggal 25 April and it was charged to the 2022 profit or loss. On
2022 Bank telah mengajukan surat keberatan atas 25 April 2022, the Bank submitted objection letter
penetapan pajak tersebut. on the above tax assessments.
Bank menerima Surat Keputusan Keberatan atas The Bank received Objection Decision Letter on
Surat Ketetapan Pajak PPN Masa Juli - Desember VAT Assessment Letter for the period July -
2017 di bulan Januari 2023 dan Surat Keputusan December 2017 in January 2023 and Objection
Keberatan atas Surat Ketetapan Pajak PPN Masa Decision Letter on VAT Assessment Letter for the
Januari – Juni 2017 di bulan Februari 2023. Dalam period January – June 2017 in February 2023. On
Surat Keputusan Keberatan tersebut Kantor Pajak the Objection Decision Letter, the Tax Office only
hanya menyetujui sebagian permohonan keberatan partially agreed on the VAT objection request for
pajak masa Desember 2017 sebesar Rp2.190 dari the period December 2017 amounted to Rp2,190
total permohonan keberatan sebesar Rp25.513 out of the total request amounted to Rp25,513
(termasuk penalti). Bank telah menerima seluruh (including penalty). Bank has received all of the
pengembalian pajak atas porsi yang disetujui. Pada tax refunds on the accepted portion. In March
bulan Maret 2023, Bank telah mengajukan 2023, Bank submitted a refund request on
permohonan pengembalian atas pengurangan STP reduction of Tax Collection Notice for VAT for the
PPN masa Desember 2017 sebesar Rp152. Pada period December 2017 amounting Rp152. In June
bulan Juni 2023, Bank menerima Surat Keputusan 2023, the Bank received a Decision Letter on
Pengurangan Pajak atas Surat Tagihan Pajak PPN Waiver/Reduction Tax Sanction for VAT for the
Masa Desember 2017 sebesar Rp152 sehingga pada period of December 2017 amounted to Rp152
bulan Juli 2023 Bank telah menerima pengembalian therefore in July 2023 the Bank received a tax
pajak atas Keputusan Pengurangan Pajak tersebut refund on the Decision on Waiver/Reduction Tax
sebesar Rp152. Pada bulan April 2023, Bank telah Sanction amounted to Rp152. In April 2023,
mengajukan Permohonan Banding ke Pengadilan the Bank filed an appeal request for the rejected
Pajak atas porsi keberatan kurang bayar PPN masa portion of the underpayment VAT for the period of
Januari – Desember 2017 yang ditolak sebesar January – December 2017 amounted to
Rp23.171. Rp23,171.
LAMPIRAN – 5/115 – SCHEDULE
682 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 685
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun 2017 (lanjutan) Tax audit for the fiscal year 2017 (continued)
Pada bulan Maret 2023, Bank menerima Surat In March 2023, the Bank received Objection
Keputusan Keberatan atas Surat Ketetapan Pajak Decision Letter on CIT Assessment Letter and
PPh Badan dan PPh Pasal 26 Tahun Pajak 2017. Article 26 WHT for Fiscal Year 2017. On the
Dalam surat keputusan keberatan tersebut Kantor objection decision, the Tax Office only partially
Pajak hanya menyetujui sebagian permohonan agreed on CIT objection request amounted to
keberatan pajak PPh Badan sebesar Rp1.792 dari Rp1,792 out of the total request amounted to
total permohonan keberatan sebesar Rp290.453 dan Rp290,453 and rejected all the Bank’s objection
menolak seluruh keberatan pajak atas PPh Pasal 26 requests on Article 26 WHT amounted to
Bank sebesar Rp53.121. Pada Mei 2023, Bank telah Rp53,121. In May 2023, the Bank received a tax
menerima pengembalian pajak tersebut sebesar refund amounted to Rp1,792. In June 2023,
Rp1.792. Pada bulan Juni 2023, Bank telah the Bank filed an appeal request to Tax Court on
mengajukan permohonan banding ke Pengadilan the rejected objection decision for CIT and Article
Pajak atas keputusan keberatan PPh Badan dan PPh 26 WHT amounted to Rp288,661 and Rp53,121.
Pasal 26 yang ditolak sebesar Rp288.661 dan
Rp53.121.
Sampai dengan tanggal pelaporan, upaya hukum Up to the reporting date, legal action for the
pengajuan Banding Bank masih dalam proses di application of the Bank appeal is still in process at
Pengadilan Pajak. the Tax Court.
Pemeriksaan pajak tahun 2018 Tax audit for the fiscal year 2018
Pada bulan Maret 2023, Bank menerima Surat In March 2023, the Bank received a Tax Audit
Perintah Pemeriksaan Pajak untuk Tahun Pajak 2018. Notification Letter for Fiscal Year 2018. In October
Pada Oktober 2023, Bank telah menerima SKP untuk 2023, the Bank received tax assessment letters for
tahun pajak 2018. Berdasarkan SKP tersebut, Kantor the fiscal year 2018. Based on the tax assessment
Pajak menetapkan kurang bayar atas PPh Badan dan letters, the Tax Office confirms the underpayment
PPN masing-masing Rp333.356 dan Rp9.104, serta of CIT and VAT amounted to Rp333,356 and
PPh Pasal 21 dan PPh Pasal 23 dengan jumlah pajak Rp9,104, respectively, also Article 21 and Article
kurang bayar sebesar Rp1.022. Manajemen Bank 23 WHT with the total tax underpayment amounted
telah menyetujui kurang bayar PPh Pasal 21 dan PPh to Rp1,022. The Bank’s Management agreed with
Pasal 23 sebesar Rp1.022 serta sebagian PPh Badan the tax underpayment of Article 21 and Article 23
dan sebagian PPN dengan jumlah masing-masing WHT amounted to Rp1,022 and also partially
Rp4.767 dan Rp190 telah dibayar pada November agreed with the CIT and VAT underpayment
2023 yang dicatat pada laba/rugi tahun 2023. Atas amounted to Rp4,767 and Rp190, respectively.
jumlah kurang bayar sebagian PPh Badan dan The agreed underpayment was paid in November
sebagian PPN yang tidak disetujui masing-masing 2023 and it was charged to the 2023 profit or loss.
sebesar Rp328.589 dan Rp8.914 telah dibayar pada The partially disagreed tax underpayment on CIT
November 2023 yang dicatat pada uang muka pajak. and VAT amounted to Rp328,589 and Rp8,914
Bank berencana mengajukan keberatan atas jumlah was paid in November 2023 and recorded as
yang tidak disetujui sebagian pada SKP PPh Badan prepaid tax. The Bank plans to submit an objection
dan PPN. to the partially disagreed amount in the CIT and
VAT assessment letter.
Pemeriksaan pajak tahun 2019 Tax audit for the fiscal year 2019
Pada bulan November 2023, Bank menerima Surat In November 2023, the Bank received a Tax Audit
Perintah Pemeriksaan Pajak untuk Tahun Pajak 2019. Notification Letter for Fiscal Year 2019. Up until the
Sampai dengan tanggal pelaporan, proses reporting date, the tax audit process is still ongoing.
pemeriksaan pajak tersebut masih dalam proses.
LAMPIRAN – 5/116 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 683
Page 686
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun 2022 Tax audit for the fiscal year 2022
Pada bulan Juni 2023, Bank menerima Surat Perintah In June 2023, the Bank received a Tax Audit
Pemeriksaan Pajak untuk Tahun Pajak 2022. Sampai Notification Letter for Fiscal Year 2022. Up to the
dengan tanggal pelaporan, proses pemeriksaan pajak reporting date, the tax audit process is still ongoing.
tersebut masih dalam proses.
BNP BNP
Pada saat tanggal penggabungan usaha, BNP masih At the merger date, BNP still had several
memiliki beberapa proses banding yang berjalan atas outstanding appeals processes on the results of
hasil pemeriksaan pajak untuk tahun fiskal 2013 tax audits for fiscal years 2013 through 2017 with
sampai dengan 2017 dengan total permohonan a total tax appeal of Rp33,368. For the above
banding pajak sebesar Rp33.368. Atas proses yang outstanding items, BNP has recorded prepaid tax
masih berjalan tersebut, BNP telah membukukan of Rp5,733. Up to the reporting date, the following
pajak dibayar dimuka sebesar Rp5.733. Sampai are the progress on BNP’s tax appeal:
dengan tanggal pelaporan, berikut dibawah ini
perkembangan dari proses banding tersebut:
Pemeriksaan Pajak tahun 2015 Tax audit for the fiscal year 2015
Pada tanggal 30 Maret 2022, Pengadilan Pajak On 30 March 2022, the Tax Court decided the
memutuskan sengketa PPh Badan BNP tahun pajak BNP’s Corporate Income Tax for fiscal year 2015
2015 yang salinan putusannya telah Bank terima pada which the copy of Decision received by the Bank
tanggal 13 Juni 2022. Dalam Putusan Pengadilan on 13 June 2022. In the Tax Court's Decision for
Pajak untuk kasus PPh Badan tahun pajak 2015 the Corporate Income Tax for fiscal year 2015, the
tersebut, Majelis Hakim mengabulkan sebagian Panel of Judges granted part of the BNP’s appeal,
permohonan banding BNP yaitu sebesar Rp8.543. amounted to Rp8,543. Therefore, the total Tax
Sehingga jumlah pajak Kurang Bayar atas PPh Badan Underpayment on 2015 CIT is Rp10,890. On the
2015 menjadi Rp10.890. Atas jumlah pajak Kurang remaining tax underpayment that have been
Bayar yang telah disetujui oleh BNP sebesar Rp4.165, agreed by BNP amounted to Rp4,165, BNP has
BNP telah melunasi seluruhnya. Dengan demikian paid in full. Thus, the amount of tax underpayment
jumlah pajak kurang bayar yang belum dilunasi oleh that has not been paid by BNP is Rp 6,725.
BNP sebesar Rp6.725.
Pada bulan Juli 2022, Kantor Pajak telah menerbitkan In July 2022, Tax Office has issued Tax Collection
Surat Tagihan Pajak (“STP”) kepada BNP untuk Letter (“STP”) to BNP to collect underpaid tax and
menagih pajak yang kurang dibayar dan sanksi telat late payment sanctions, each amounted to
bayar dengan jumlah masing-masing Rp6.725 dan Rp6,725 and Rp4,035. In August 2022, BNP has
Rp4.035. Pada Agustus 2022, atas STP tersebut BNP the STP in full and recorded it as prepaid tax.
telah melunasi seluruhnya dan dicatat sebagai pajak
dibayar dimuka.
Pada bulan Agustus 2022, BNP telah mengajukan In August 2022, BNP has submitted
permohonan peninjauan kembali ke Mahkamah Reconsideration Request to Supreme Court on
Agung atas porsi yang ditolak sebesar Rp6.725. rejected portion of Rp6,725. Up to the reporting
Sampai dengan tanggal pelaporan, upaya hukum date, the Bank is still waiting for the Judicial Review
Peninjauan Kembali masih dalam proses. result.
Pada bulan Juli 2022, Kantor Pajak telah mengajukan In July 2022 Tax Office submitted a
Permohonan Peninjauan Kembali sebesar Rp3.062. Reconsideration Request for the granted portion of
Pada bulan Agustus 2023, BNP telah memberikan Rp3,062. In August 2023, BNP submitted a
tanggapan atas Permohonan Peninjauan Kembali response letter to the Reconsideration Request by
oleh Kantor Pajak. Pada bulan Agustus 2023, Tax Office. In August 2023, Supreme Court
Mahkamah Agung telah menolak permohonan rejected the request for judicial review submitted
Peninjauan Kembali yang diajukan oleh Kantor Pajak. by the Tax Office.
LAMPIRAN – 5/117 – SCHEDULE
684 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 687
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
BNP (lanjutan) BNP (continued)
Pemeriksaan pajak tahun 2017 Tax audit for the fiscal year 2017
Pada Desember 2023, Pengadilan Pajak telah In December 2023, the Tax Court notified the
memberitahukan hasil pengajuan Banding yang results of the appeal submission which accepted
menerima sebagian pengajuan Banding BNP dan partially of the BNP appeal application and
mengurangkan pajak kurang bayar sebesar Rp53 dari reduced the tax underpayment of Rp53 from the
pengajuan sebelumnya Rp369. Sampai dengan previous application of Rp369. Up to the reporting
tanggal pelaporan, upaya hukum Peninjauan Kembali date, BNP is still waiting for a copy of the Tax
masih dalam proses. Court Decision to be sent to BNP.
Entitas Anak Subsidiary
ADMF ADMF
Pemeriksaan pajak tahun 2016 Tax audit for the fiscal year 2016
Pada tanggal 4 Juli 2018, ADMF menerima Surat On 4 July 2018, ADMF received Tax Assessment
Ketetapan Pajak (SKP) untuk tahun fiskal 2016. Letters for the fiscal year 2016. Based on the
Berdasarkan SKP tersebut, Kantor Pajak menetapkan Assessment Letters, the Tax Office confirmed the
kurang bayar atas Pajak Penghasilan Pasal 21 (“PPh underpayment of Article 21 Income Tax,
Pasal 21”), Pajak Penghasilan Pasal 23/26 (“PPh Withholding Tax articles 23/26, Value Added Tax
Pasal 23/26”), Pajak Pertambahan Nilai (“PPN”) dan (“VAT”), and Corporate Income Tax aggregating
Pajak Penghasilan Badan dengan jumlah keseluruhan Rp364,058. The result of the audit was agreed by
Rp364.058. Hasil pemeriksaan tersebut telah disetujui ADMF’s Management, except for the assessment
Manajemen ADMF, kecuali ketetapan kurang bayar on the underpayment of Corporate Income Tax of
Pajak Penghasilan Badan sebesar Rp292.138 dan Rp292,138 and the VAT underpayment
ketetapan kurang bayar PPN sebesar Rp49.374 assessment of Rp49,374 (including penalty) which
(termasuk denda) yang telah dibayar dan dicatat were also subsequently paid and recorded as
sebagai pajak dibayar dimuka. prepaid tax.
Pada tanggal 24 September 2018, ADMF telah On 24 September 2018, ADMF has submitted the
mengajukan surat keberatan atas penetapan Pajak objection letter for the assessment of Corporate
Penghasilan Badan dan PPN yang tercantum dalam Income Tax and VAT as mentioned in the
Surat Ketetapan Pajak Kurang Bayar. Hasil Underpayment Tax Assessment Letters. The tax
pemeriksaan yang telah disetujui Manajemen ADMF assessment which was agreed by ADMF’s
masing-masing sebesar Rp21.073 untuk Pajak Management of Rp21,073 for Corporate Income
Penghasilan Badan, Rp1.167 untuk PPh Pasal 21, Tax, Rp1,167 for Article 21 Income Tax, Rp117 for
Rp117 untuk PPh Pasal 23/26 dan Rp189 untuk PPN Withholding Tax articles 23/26 and Rp189 for
Luar Negeri telah dibayar dan dibebankan ke laporan Overseas VAT has been paid and was charged on
laba rugi tahun 2018. 2018 profit or loss.
Pada tanggal 8 Agustus 2019, ADMF menerima Surat On 8 August 2019, ADMF received Objection
Keputusan Keberatan atas Surat Ketetapan Pajak Decision Letter on VAT assessment letter for
PPN masa Januari - Desember 2016 yang isinya period January - December 2016 which rejected all
menolak seluruh keberatan ADMF. Pada tanggal ADMF’s objection. On 1 November 2019, ADMF
1 November 2019, ADMF telah mengajukan has filed appeal request to Tax Court on rejected
permohonan banding ke Pengadilan Pajak atas decision of Rp49,374.
keputusan yang ditolak sebesar Rp49.374.
LAMPIRAN – 5/118 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 685
Page 688
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
ADMF (lanjutan) ADMF (continued)
Pemeriksaan pajak tahun 2016 (lanjutan) Tax audit for the fiscal year 2016 (continued)
Pada tanggal 9 Agustus 2019, ADMF menerima Surat On 9 August 2019, ADMF received Objection
Keputusan Keberatan atas Surat Ketetapan Pajak Decision Letter on CIT assessment letter for Fiscal
PPh Badan Tahun Pajak 2016. Dalam surat keputusan Year 2016. On that objection decision, Tax Office
keberatan tersebut, Kantor Pajak hanya menyetujui only partially agreed on CIT objection request
sebagian permohonan keberatan pajak PPh Badan amounted to Rp802. On 1 November 2019, ADMF
sebesar Rp802. Pada tanggal 1 November 2019, has filed appeal request to Tax Court on rejected
ADMF telah mengajukan permohonan banding ke decision of Rp291,336.
Pengadilan Pajak atas keputusan yang ditolak
sebesar Rp291.336.
Pada tanggal 3 Mei 2021, Pengadilan Pajak On 3 May 2021, the Tax Court decided on ADMF's
memutuskan sengketa PPN ADMF. Dalam Putusan VAT dispute. In the Tax Court's Decision for the
Pengadilan Pajak untuk kasus PPN masa Januari - VAT case for the period January - December 2016,
Desember 2016, Majelis Hakim mengabulkan the Panel of Judges granted part of ADMF's
sebagian permohonan banding ADMF yaitu sebesar appeal, amounted to Rp4,407.
Rp4.407.
Atas porsi kasus PPN yang ditolak sebesar Rp44.967, For rejected portion on VAT case of Rp44,967,
ADMF telah mengajukan Permohonan Peninjauan ADMF has submitted Reconsideration Request on
Kembali pada tanggal 6 Agustus 2021 dan Kantor 6 August 2021 and Tax Office has submitted
Pajak telah memberikan Kontra Memori Peninjauan Reconsideration Request Counter Memory on
Kembali pada tanggal 16 September 2021. ADMF 16 September 2021. ADMF has received Supreme
telah menerima Putusan Mahkamah Agung yang Court Decisions that granted ADMF’s
isinya mengabulkan Permohonan Peninjauan Kembali Reconsideration Request and ADMF has received
dan ADMF telah menerima seluruh pengembalian all of the tax refunds on the granted portion.
pajak atas porsi yang dikabulkan tersebut.
Atas porsi kasus PPN yang diterima sebesar Rp4.407, For accepted portion on VAT case of Rp4,407, Tax
Kantor Pajak telah mengajukan Permohonan Office has submitted Reconsideration Request on
Peninjauan Kembali pada tanggal 4 Agustus 2021 dan 4 August 2021 and ADMF has submitted
ADMF telah memberikan Kontra Memori Peninjauan Reconsideration Request Counter Memory on
Kembali pada tanggal 15 September 2021 dan ADMF 15 September 2021 and ADMF has received
telah menerima Putusan Mahkamah Agung yang Supreme Court Decisions that rejected the Tax
isinya menolak Permohonan Peninjauan Kembali Office Reconsideration Request. Tax Office has
Kantor Pajak. Kantor Pajak telah mengembalikan refunded all accepted portion on VAT case of
seluruh porsi kasus PPN yang diterima sebesar Rp4,407. As for the VAT case for the tax period
Rp4.407. Adapun atas kasus PPN masa Februari February 2016 with the disputed value of Rp2,934,
2016 dengan nilai sengketa Rp2.934, Kantor Pajak the Tax Office has filed the Second
mengajukan Peninjauan Kembali Kedua pada tanggal Reconsideration Request on 23 May 2023. Up to
23 Mei 2023. Sampai dengan tanggal pelaporan, the reporting date, ADMF is still waiting the
ADMF masih menunggu hasil proses Peninjauan Reconsideration result.
Kembali.
LAMPIRAN – 5/119 – SCHEDULE
686 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 689
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
ADMF (lanjutan) ADMF (continued)
Pemeriksaan pajak tahun 2016 (lanjutan) Tax audit for the fiscal year 2016 (continued)
Pada tanggal 13 Desember 2021, Pengadilan Pajak On 13 December 2021, the Tax Court decided on
memutuskan sengketa PPh Badan ADMF. Dalam ADMF's CIT dispute. In the Tax Court's Decision for
Putusan Pengadilan Pajak untuk kasus PPh Badan the CIT case for Fiscal Year 2016, the Panel of
Tahun Pajak 2016, Majelis Hakim mengabulkan Judges granted some of ADMF's appeal, amounted
sebagian permohonan banding ADMF sebesar to Rp290,091 and rejected some of ADMF's appeal
Rp290.091 dan menolak sebagian banding ADMF amounted to Rp1,245. For accepted part, Tax
sebesar Rp1.245. Untuk bagian yang diterima, Kantor Office has filed Reconsideration Request on
Pajak sudah mengajukan Peninjauan Kembali pada 28 March 2022 and ADMF has submitted
tanggal 28 Maret 2022 dan ADMF telah memberikan Reconsideration Request Counter Memory on
Kontra Memori Peninjauan Kembali pada tanggal 22 April 2022. ADMF has received tax refund from
22 April 2022. ADMF telah menerima pengembalian granted portion on 15 June 2022. For rejected part,
pajak dari porsi yang dikabulkan pada tanggal 15 Juni ADMF had filed Reconsideration Request to
2022. Untuk bagian yang ditolak, ADMF telah Supreme Court on 10 March 2022 and Tax Office
mengajukan Peninjauan Kembali ke Mahkamah has submitted Reconsideration Request Counter
Agung pada tanggal 10 Maret 2022 dan Kantor Pajak Memory on 14 April 2022. ADMF has received
telah memberikan Kontra Memori Peninjauan Kembali Supreme Court Decision rejecting Reconsideration
pada tanggal 14 April 2022. ADMF telah menerima Request filed by ADMF and Tax Office so that Tax
Putusan Mahkamah Agung yang isinya menolak Court Decision dated 13 December 2021 has been
permohonan Peninjauan Kembali ADMF dan Kantor final and has permanent legal force.
Pajak sehingga Putusan Pengadilan Pajak tanggal
13 Desember 2021 telah final dan memiliki kekuatan
hukum tetap.
Pemeriksaan pajak tahun 2017 Tax audit for the fiscal year 2017
Pada tanggal 28 Juni 2022, ADMF menerima SKP On 28 June 2022, ADMF received Tax Assessment
untuk tahun fiskal 2017. Berdasarkan SKP tersebut, Letters for the fiscal year 2017. Based on the
Kantor Pajak menetapkan kurang bayar atas PPh Assessment Letters, the Tax Office confirmed the
Pasal 21, PPh Pasal 23/26, PPN, dan Pajak underpayment of Article 21 Income Tax,
Penghasilan Badan dengan jumlah keseluruhan Withholding Tax Articles 23/26, VAT, and
Rp28.324 yang di dalamnya terdapat porsi lebih bayar Corporate Income Tax aggregating Rp28,324
PPh Badan Rp14.909 yang disetujui oleh Kantor which include Corporate Income Tax overpayment
Pajak. ADMF setuju dengan koreksi lebih bayar PPh of Rp14,909 agreed by Tax Office. ADMF agreed
Badan sebesar Rp14.909 dan koreksi kurang bayar with correction on Corporate Income Tax
PPh Pasal 21, PPh Pasal 23/26, PPN Luar Negeri overpayment of Rp14,909 and correction on Article
sebesar Rp1.274. Pada tanggal 31 Agustus 2022, 21, Article 23/26, Overseas VAT underpayment of
ADMF mengajukan keberatan atas sisa ketetapan Rp1,274. On 31 August 2022, ADMF has submitted
kurang bayar Pajak Penghasilan Badan sebesar the objection on Corporate Income Tax
Rp17.278 dan ketetapan kurang bayar PPN sebesar underpayment of Rp17,278 and VAT
Rp24.681 (termasuk denda). Untuk kasus PPN, pada underpayment of Rp24,681 (including penalties).
tanggal 30 Maret 2023, ADMF telah menerima For VAT case, on 30 March 2023, ADMF has
Keputusan Keberatan yang isinya mengurangkan received Objection Decision reducing the VAT
PPN terutang dari Rp24.681 menjadi Rp21.976. Payable from Rp24,681 to Rp21,976. For the CIT
Untuk kasus PPh Badan, pada tanggal 2 Mei 2023, case, on 2 May 2023, ADMF received an Objection
ADMF telah menerima Keputusan Keberatan yang Decision that granted part of the ADMF’s objection
isinya mengabulkan sebagian permohonan keberatan amounting Rp12,791 out of the total request
sebesar Rp12.791 dari total permohonan sebesar amounted to Rp17,278. For the rejected portion on
Rp17.278. Atas porsi PPh Badan yang ditolak CIT Case of Rp4,487, ADMF agreed with the CIT
keberatannya sebesar Rp4.487, ADMF menyetujui objection decision amounted to Rp388 which was
sebagian keputusan keberatan sebesar Rp388 yang charged to the statement profit or loss on June
sudah dibebankan ke laporan laba rugi Juni 2023. 2023.
LAMPIRAN – 5/120 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 687
Page 690
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
ADMF (lanjutan) ADMF (continued)
Pemeriksaan pajak tahun 2017 (lanjutan) Tax audit for the fiscal year 2017 (continued)
Pada tanggal 14 Juni 2023, ADMF mengajukan On 14 June 2023, ADMF filed an appeal request to
banding untuk kasus PPh Badan sebesar Rp4.099 Tax Court for the CIT case of Rp4,099 and the VAT
dan kasus PPN sebesar Rp21.976. Sampai dengan case of Rp21,976. Up to the reporting date, the tax
tanggal pelaporan, proses banding masih appeal is still on going.
berlangsung.
Pemeriksaan pajak tahun 2018 Tax audit for the fiscal year 2018
Pada bulan 5 September 2023, ADMF menerima In 5 September 2023, ADMF received Tax
SKP untuk tahun fiskal 2018. Berdasarkan SKP Assessment Letters for the fiscal year 2018. Based
tersebut, Kantor Pajak menetapkan kurang bayar on the Assessment Letters, the Tax Office
atas PPh Pasal 21, PPh Pasal 21 Final, PPh Pasal confirmed the underpayment of Article 21 Income
23/26, PPh Pasal 4 ayat (2), PPN, dan PPh Badan Tax, Article 21 Final Income Tax, Withholding Tax
dengan jumlah keseluruhan Rp38.473. ADMF setuju Articles 23/26, Withholding Tax Article 4 paragraph
dengan koreksi kurang bayar PPh Pasal 21, PPh (2), VAT, and CIT aggregating Rp38,473. ADMF
Pasal 21 Final, PPh Pasal 23/26, dan PPh Pasal 4 agreed with correction on Article 21, Article 21
ayat (2) sebesar Rp152. Final, Articles 23/26, and Article 4 paragraph (2)
underpayment of Rp152.
Pada tanggal 3 November 2023, ADMF mengajukan On 3 November 2023, ADMF has submitted the
keberatan atas ketetapan kurang bayar Pajak objection on Corporate Income Tax underpayment
Penghasilan Badan sebesar Rp12.814 dan ketetapan of Rp12,814 and VAT underpayment of Rp25,507
kurang bayar PPN sebesar Rp25.507 (termasuk (including penalties). Up to the reporting date, the
denda). Sampai dengan tanggal pelaporan, proses tax objection is still ongoing.
keberatan masih dalam proses.
LAMPIRAN – 5/121 – SCHEDULE
688 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 691
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
d. Aset pajak tangguhan d. Deferred tax assets
Bank Bank
2023
Dikreditkan/
(dibebankan)
ke penghasilan
komprehensif
Dikreditkan/ lain/
(dibeban-kan) Credited/
ke laba rugi/ (charged)
Credited/ to other
1 Januari/ (charged) comprehensive 31 Desember/
January to profit or loss income December
Aset pajak tangguhan: Deferred tax assets:
- Kerugian kredit Expected credit losses -
ekspektasian atas aset dan on assets and
penghapusbukuan pinjaman 2.026.332 (389.713) - 1.636.619 loans written off
- (Keuntungan)/kerugian yang Unrealized (gains)/losses -
belum direalisasi atas from changes in fair
perubahan nilai wajar value of marketable
efek-efek dan Obligasi securities and
Pemerintah - neto 59.171 598 (37.774) 21.995 Government Bonds-net
- Imbalan kerja karyawan Accrued employee -
yang masih harus dibayar 453.466 37.950 9.775 501.191 benefits
Depreciation of -
- Penyusutan aset tetap 20.664 (9.940) - 10.724 fixed assets
- Lain-lain (85.077) 4.295 (669) (81.451) Others -
Jumlah aset pajak tangguhan - Total deferred tax assets -
neto 2.474.556 (356.810) (28.668) 2.089.078 net
2022
Dikreditkan/
(dibebankan)
ke penghasilan
komprehensif
Dikreditkan/ lain/
(dibeban-kan) Credited/
ke laba rugi/ (charged)
Credited/ to other
1 Januari/ (charged) comprehensive 31 Desember/
January to profit or loss income December
Aset pajak tangguhan: Deferred tax assets:
- Kerugian kredit Expected credit losses -
ekspektasian atas aset dan on assets and
penghapusbukuan pinjaman 2.248.000 (221.668) - 2.026.332 loans written off
- (Keuntungan)/kerugian yang Unrealized (gains)/losses -
belum direalisasi atas from changes in fair
perubahan nilai wajar value of marketable
efek-efek dan Obligasi securities and
Pemerintah - neto (109.369) 264 168.276 59.171 Government Bonds-net
- Imbalan kerja karyawan Accrued employee -
yang masih harus dibayar 431.264 14.142 8.060 453.466 benefits
Depreciation of -
- Penyusutan aset tetap 25.364 (4.700) - 20.664 fixed assets
- Lain-lain (77.381) (10.721) 3.025 (85.077) Others -
Jumlah aset pajak tangguhan - Total deferred tax assets -
neto 2.517.878 (222.683) 179.361 2.474.556 net
LAMPIRAN – 5/122 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 689
Page 692
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
d. Aset pajak tangguhan (lanjutan) d. Deferred tax assets (continued)
Entitas Anak Subsidiary
2023
Dikreditkan/
(dibebankan)
ke penghasilan
Dikreditkan/ komprehensif lain/
(dibebankan) Credited/
ke laba rugi/ (charged)
Credited/ to other
1 Januari/ (charged) comprehensive 31 Desember/
January to profit or loss income December
Aset pajak tangguhan: Deferred tax assets:
- Cadangan Allowance for other-
piutang lain-lain 73.545 7.906 - 81.451 receivables
- Penyusutan aset tetap (20.786) 3.267 - (17.519) Depreciation of fixed assets -
- Imbalan kerja karyawan Accrued employee -
yang masih harus dibayar 243.925 (16.079) 18.018 245.864 Benefits and others
- Promosi 91.860 (53.997) - 37.863 Promotion -
- Bagian efektif atas perubahan Effective portion on -
nilai wajar instrumen fair value changes of
derivatif untuk lindung derivative instruments for
nilai arus kas 955 - (743) 212 cash flow hedge
- Lain-lain 5.918 1.176 - 7.094 Others -
Jumlah aset pajak tangguhan - Total deferred tax assets -
neto 395.417 (57.727) 17.275 354.965 net
2022
Dikreditkan/
(dibebankan)
ke penghasilan
Dikreditkan/ komprehensif lain/
(dibebankan) Credited/
ke laba rugi/ (charged)
Credited/ to other
1 Januari/ (charged) comprehensive 31 Desember/
January to profit or loss income December
Aset pajak tangguhan: Deferred tax assets:
- Cadangan Allowance for other-
piutang lain-lain 58.102 15.443 - 73.545 receivables
- Penyusutan aset tetap (26.366) 5.580 - (20.786) Depreciation of fixed assets -
- Imbalan kerja karyawan Accrued employee -
yang masih harus dibayar 215.265 37.009 (8.349) 243.925 Benefits and others
- Promosi 56.374 35.486 - 91.860 Promotion -
- Bagian efektif atas perubahan Effective portion on -
nilai wajar instrumen fair value changes of
derivatif untuk lindung derivative instruments for
nilai arus kas 17.274 - (16.319) 955 cash flow hedge
- Lain-lain 4.358 1.560 - 5.918 Others -
Jumlah aset pajak tangguhan - Total deferred tax assets -
neto 325.007 95.078 (24.668) 395.417 net
e. Administrasi e. Administration
Sesuai dengan peraturan perpajakan di Indonesia, Under the taxation laws in Indonesia, the Bank and
Bank dan Entitas Anak melaporkan/menyetorkan Subsidiary submit/pay individual corporate tax
pajak untuk setiap perusahaan sebagai suatu returns (income tax reporting on consolidated basis
badan hukum yang terpisah (pelaporan pajak is not allowed) on the basis of self-assessment.
penghasilan konsolidasi tidak diperbolehkan) The tax authorities may assess or amend taxes
berdasarkan prinsip self-assessment. Fiskus dapat within the statute of limitation, under prevailing
menetapkan/mengubah pajak-pajak tersebut dalam regulations. Directorate General of Tax (“DJP”)
jangka waktu tertentu sesuai peraturan yang may assess or amend tax liabilities within five years
berlaku. Direktorat Jenderal Pajak (“DJP”) dapat since the time the tax becomes due.
menetapkan atau mengubah liabilitas pajak dalam
waktu lima tahun sejak saat terutangnya pajak.
LAMPIRAN – 5/123 – SCHEDULE
690 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 693
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. PINJAMAN SUBORDINASI 28. SUBORDINATED LOAN
Rincian pinjaman subordinasi pada tanggal The details of subordinated loan as of
31 Desember 2023 dan 2022 sebagai berikut: 31 December 2023 and 2022 is as follows:
2023 2022
MUFG Bank, Ltd. 25.000 25.000 MUFG Bank, Ltd.
Pada tanggal 27 November 2018, Bank melakukan On 27 November 2018, the Bank entered into a
perjanjian pinjaman subordinasi dengan MUFG Bank, subordinated loan agreement amounted to Rp25,000
Ltd., pihak berelasi, senilai Rp25.000. Pinjaman with MUFG Bank, Ltd., a related party. The
subordinasi tersebut telah dicairkan seluruhnya dari subordinated loan was fully disbursed from MUFG
MUFG Bank, Ltd. pada tanggal 4 Desember 2018 Bank, Ltd. on 4 December 2018 with fixed interest rate
dengan tingkat suku bunga tetap sebesar 9,27%. of 9.27%. The subordinated loan has been extended
Pinjaman telah diperpanjang pada tanggal 4 Desember on 4 December 2023 with fixed interest rate of 7.33%
2023 dengan tingkat suku bunga tetap sebesar 7,33% per annum and will mature in 5 years from the loan
dan akan jatuh tempo dalam 5 tahun sejak tanggal extension date. The subordinated loan was used to
perpanjangan pinjaman. Pinjaman subordinasi tersebut fulfill the requirements of recovery plan according to
dilakukan untuk memenuhi persyaratan rencana aksi POJK No.14/POJK.03/2017 concerning the Recovery
(recovery plan) sesuai POJK No.14/POJK.03/2017 Plan for Systemic Banks. The subordinated loan
tentang Rencana Aksi (Recovery Plan) bagi Bank cannot be early terminated or repaid before its maturity
Sistemik. Pinjaman subordinasi ini tidak dapat dilunasi date without obtaining prior approval from OJK.
sebelum tanggal jatuh tempo tanpa mendapat
persetujuan terlebih dahulu dari OJK.
Sesuai surat OJK No.S-85/PB.32/2018 tanggal As per OJK’s letter No.S-85/PB.32/2018 dated
23 Oktober 2018, OJK memberikan persetujuan 23 October 2018, OJK approved the subordinated loan
pelaksanaan pinjaman subordinasi untuk diperhitungkan to be included as part of capital components and as
sebagai komponen modal dan menjadi bagian dari part of the Bank’s obligation in the Bank’s Recovery
kewajiban Bank dalam Rencana Aksi Bank untuk tahun Plan for 2018, subject to the Bank fulfilling all
2018 setelah Bank memenuhi seluruh persyaratan yang requirements as stated in the letter. The Bank per its
disebutkan dalam surat OJK tersebut. Bank melalui surat letter to OJK No.042/TRS/1218 dated 6 December
yang ditujukan kepada OJK No.042/TRS/1218 tanggal 6 2018, has confirmed that all requirements stipulated by
Desember 2018, telah mengkonfirmasikan bahwa OJK have been fulfilled.
seluruh persyaratan yang ditetapkan OJK tersebut telah
dipenuhi.
Perjanjian pinjaman subordinasi ini memuat pembatasan The subordinated loan agreement has negative
yang tidak boleh dilakukan Bank sebagai berikut: covenants as follows:
1. Mengubah bidang usaha utama Bank. 1. Change the main business of the Bank.
2. Mengurangi modal dasar, modal ditempatkan dan 2. Reduce the authorized capital, issued capital
modal disetor, kecuali jika pengurangan tersebut and paid-up capital, except if the reduction is
dilakukan atas dasar permintaan atau perintah dari done based on the request or order from the
regulator yang memiliki kewenangan untuk regulator which is capable to do so in
melakukan hal tersebut sesuai dengan ketentuan accordance with prevailing law.
hukum yang berlaku.
Pada tanggal 31 Desember 2023, Bank telah memenuhi As of 31 December 2023, the Bank has complied with
seluruh persyaratan yang disebutkan dalam perjanjian all the requirements mentioned in the subordinated
pinjaman subordinasi. loan agreement.
LAMPIRAN – 5/124 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 691
Page 694
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. BEBAN YANG MASIH HARUS DIBAYAR DAN 29. ACCRUALS AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN
2023 2022
Provisi pinjaman diterima dimuka 3.651.679 3.781.342 Unearned loan provision
Beban yang masih harus dibayar 2.929.934 3.094.204 Accrued expenses
Cadangan imbalan kerja Provision for employee
karyawan (Catatan 43) 2.203.247 1.978.688 benefits (Note 43)
Instrumen BI lainnya – Devisa Other BI instrument – Devisa Hasil
Hasil Ekspor (DHE) 754.453 - Ekspor (DHE)
Utang kepada dealer 515.028 569.721 Payable to dealers
Utang bunga 423.210 250.525 Interest payable
Liabilitas sewa 375.990 325.825 Lease liability
Dana setoran 298.329 218.020 Temporary fund
Pembelian efek-efek yang Accrued purchase of
masih harus dibayar 211.979 39.313 marketable securities
Liabilitas terkait transaksi asuransi 188.048 180.900 Insurance transaction liability
Kerugian Kredit Ekspektasian -
Transaksi Rekening Expected Credit Losses
Administratif 120.020 106.819 - off Balance Sheet
Liabilitas transaksi nasabah 71.694 57.685 Customer transaction liability
Pajak final 68.627 40.619 Final tax
Kewajiban kepada card holder 61.139 76.074 Payable to card holder
Cadangan biaya lainnya 21.246 21.824 Other provisions
Utang kepada merchant 10.382 1.754 Payable to merchants
Setoran jaminan 8.356 12.373 Security deposits
Lain-lain 782.432 369.300 Others
12.695.793 11.124.986
Saldo di atas pada tanggal 31 Desember 2023 terdiri atas The above balance as of 31 December 2023 consists of
beban yang masih harus dibayar dan liabilitas lain-lain dalam accruals and other liabilities in Rupiah of Rp11,385,031
Rupiah sebesar Rp11.385.031 dan mata uang asing sebesar and in foreign currencies of Rp1,310,762 (2022:
Rp1.310.762 (2022: Rp11.015.740 dan Rp109.246) (Catatan Rp11,015,740 and Rp109,246) (Note 55).
55).
Beban yang masih harus dibayar Accrued expenses
Akun ini termasuk akrual untuk kesejahteraan karyawan This account includes an accrual for employees’ welfare of
sebesar Rp1.026.285 (2022: Rp983.159), dan sisanya Rp1,026,285 (2022: Rp983,159) and the remainder
merupakan akrual untuk beban operasional Bank dan Entitas represents accruals in relation to operational costs of the
Anak. Bank and Subsidiary.
Instrumen BI lainnya – Devisa Hasil Ekspor (DHE) Other BI instrument – Devisa Hasil Ekspor (DHE)
Akun ini adalah dana DHE yang diterima dari eksportir yang This account is DHE funds received from exporters which
selanjutnya ditempatkan oleh Bank pada instrumen TD Valas are further placed by the Bank in DHE Foreign Exchange
DHE yang diterbitkan oleh Bank Sentral Indonesia. TD instruments issued by the Central Bank of Indonesia
Utang kepada dealer Payable to dealers
Utang kepada dealer merupakan liabilitas ADMF kepada Payable to dealers represents ADMF liabilities to dealers
dealer atas nasabah-nasabah yang telah memperoleh for the approved consumer financing contracts, where the
persetujuan kredit dan pihak dealer telah menyerahkan dealers have delivered the vehicles to the customers.
kendaraan yang dibiayai kepada nasabah tersebut.
Pendapatan diterima dimuka Unearned income
Akun ini termasuk imbalan yang diterima dimuka dari ZAI This account includes upfront fees received from ZAI
sebesar Rp1.494.000 dan diamortisasi selama periode amounted to Rp1,494,000 and amortized over the contract
kontrak (Catatan 20). period (Note 20).
LAMPIRAN – 5/125 – SCHEDULE
692 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 695
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. BEBAN YANG MASIH HARUS DIBAYAR DAN 29. ACCRUALS AND OTHER LIABILITIES (continued)
LIABILITAS LAIN-LAIN (lanjutan)
Pendapatan diterima dimuka (lanjutan) Unearned income (continued)
Selain itu, termasuk juga pendapatan diterima dimuka dari In addition, included in the unearned income is the
PT Asuransi Jiwa Manulife dimana berdasarkan perjanjian collaboration fees received from PT Asuransi Jiwa Manulife
pada tanggal 31 Maret 2020, Bank dan PT Asuransi Jiwa which based on the agreement dated 31 March 2020, the
Manulife setuju untuk memperpanjang collaboration Bank and PT Asuransi Jiwa Manulife agreed to extend their
agreement yang ada dalam mempromosikan dan existing collaboration agreement in promoting and
memperkenalkan produk asuransi PT Asuransi Jiwa introducing insurance products of PT Asuransi Jiwa
Manulife kepada konsumen Bank dan Entitas Anak. Sebagai Manulife to the Bank’s and its Subsidiary’s customers. In
imbal balik, Bank dan Entitas Anak telah menerima return, the Bank and its Subsidiary have received extension
perpanjangan collaboration fee dari PT Asuransi Jiwa collaboration fee from PT Asuransi Jiwa Manulife which is
Manulife yang diakui dalam pendapatan diterima dimuka dan recognized in unearned income and amortized to profit and
diamortisasi ke laba rugi. loss.
30. MODAL SAHAM 30. SHARE CAPITAL
2023
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Number of shares kepemilikan/
issued and Percentage Jumlah nominal/
Pemegang saham fully paid of ownership Nominal value Shareholders
Saham Seri A (nilai nominal A Series shares (par value
Rp50.000 (nilai penuh) of Rp50,000 (full amount)
per saham) per share)
Masyarakat (kepemilikan Public (ownership interest
masing-masing dibawah 5%) 22.400.000 0,23% 1.120.000 below 5% each)
Saham Seri B (nilai nominal B Series shares (par value
Rp500 (nilai penuh) of Rp500 (full amount)
per saham) per share)
MUFG Bank, Ltd. MUFG Bank, Ltd.
(langsung dan tidak langsung) 9.038.053.192 92,47% 4.519.027 (direct and indirect)
Masyarakat (kepemilikan Public (ownership interest
masing-masing dibawah 5%) 709.807.522 7,27% 354.904 below 5% each)
Direksi: Board of Directors:
- Honggo Widjojo Kangmasto 854.500 0,01% 427 Honggo Widjojo Kangmasto -
- Dadi Budiana 571.500 0,01% 286 Dadi Budiana -
- Herry Hykmanto 562.956 0,01% 281 Herry Hykmanto -
- Muljono Tjandra 407.700 0,00% 204 Muljono Tjandra -
- Thomas Sudarma 343.500 0,00% 172 Thomas Sudarma -
- Hafid Hadeli 278.500 0,00% 139 Hafid Hadeli -
- Rita Mirasari 273.500 0,00% 137 Rita Mirasari -
9.751.152.870 99,77% 4.875.577
9.773.552.870 100,00% 5.995.577
LAMPIRAN – 5/126 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 693
Page 696
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. MODAL SAHAM (lanjutan) 30. SHARE CAPITAL (continued)
2022
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Number of shares kepemilikan/
issued and Percentage Jumlah nominal/
Pemegang saham fully paid of ownership Nominal value Shareholders
Saham Seri A (nilai nominal A Series shares (par value
Rp50.000 (nilai penuh) of Rp50,000 (full amount)
per saham) per share)
Masyarakat (kepemilikan Public (ownership interest
masing-masing dibawah 5%) 22.400.000 0,23% 1.120.000 below 5% each)
Saham Seri B (nilai nominal B Series shares (par value
Rp500 (nilai penuh) of Rp500 (full amount)
per saham) per share)
MUFG Bank, Ltd. MUFG Bank, Ltd.
(langsung dan tidak langsung) 9.038.053.192 92,47% 4.519.027 (direct and indirect)
Masyarakat (kepemilikan Public (ownership interest
masing-masing dibawah 5%) 710.607.022 7,29% 355.303 below 5% each)
Direksi: Board of Directors:
- Honggo Widjojo Kangmasto 552.600 0,01% 276 Honggo Widjojo Kangmasto -
- Dadi Budiana 421.400 0,00% 211 Dadi Budiana -
- Herry Hykmanto 463.356 0,00% 232 Herry Hykmanto -
- Muljono Tjandra 297.900 0,00% 149 Muljono Tjandra -
- Heriyanto Agung Putra 293.700 0,00% 147 Heriyanto Agung Putra -
- Thomas Sudarma 240.600 0,00% 120 Thomas Sudarma -
- Rita Mirasari 223.100 0,00% 112 Rita Mirasari -
9.751.152.870 99,77% 4.875.577
9.773.552.870 100,00% 5.995.577
MUFG Bank, Ltd. merupakan entitas anak yang sepenuhnya MUFG Bank, Ltd. is wholly-owned subsidiary of Mitsubishi
dimiliki oleh Mitsubishi UFJ Financial Group, Inc. yang UFJ Financial Group, Inc. which is based in Japan.
berkedudukan di Jepang.
31. TAMBAHAN MODAL DISETOR 31. ADDITIONAL PAID-IN CAPITAL
Tambahan modal disetor terdiri dari: Additional paid-in capital consists of:
2023 2022
Agio saham 7.546.140 7.546.140 Additional paid-in capital
Biaya emisi efek ekuitas (154.384) (154.384) Share issuance costs
Adjustment on additional
Penyesuaian agio saham (135.432) (135.432) paid-up capital
Penyesuaian agio saham - efek Adjustment on additional
penggabungan usaha paid-up-capital - effect of merger
dengan BNP 729.647 729.647 with BNP
Total 7.985.971 7.985.971 Total
LAMPIRAN – 5/127 – SCHEDULE
694 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 697
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
32. PENGGUNAAN LABA BERSIH 32. APPROPRIATION OF NET INCOME
Penggunaan laba bersih untuk dua tahun buku terakhir The appropriation of net income for the last two financial
adalah sebagai berikut: years is as follows:
Laba bersih untuk tahun buku/
Net income for financial year
2022 2021
Pembagian dividen tunai 1.155.820 550.544 Distribution of cash dividend
Pembentukan cadangan umum Appropriation for general
dan wajib 33.023 15.731 and legal reserve
Saldo laba 2.113.471 1.006.838 Retained earnings
3.302.314 1.573.113
Rapat Umum Pemegang Saham Tahunan (“RUPS The Annual General Meeting of Shareholders (“Annual
Tahunan”) yang diadakan pada tanggal 31 Maret 2023, GMS”) which was held on 31 March 2023, approved the
memutuskan pembagian total dividen tunai untuk tahun buku total cash dividend distribution for the 2022 financial year of
2022 sebesar 35% dari laba bersih atau sejumlah kurang 35% of the net profit or in the amount of approximately
lebih Rp1.155.820 atau Rp118,26 (nilai penuh) per saham Rp1,155,820 or Rp118.26 (full amount) per share for series
seri A dan seri B dan pembentukan cadangan umum dan A and series B shares and the allocation for general and
wajib sebesar Rp33.023. legal reserve in the amount of Rp33,023.
Berdasarkan Daftar Pemegang Saham tanggal 13 April 2023 Based on the Shareholders Registry as of 13 April 2023
yang merupakan tanggal pencatatan daftar pemegang whereby shareholders registered as of that date are entitled
saham yang berhak atas dividen, jumlah saham yang to the dividends, the total number of issued shares as of
beredar pada tanggal 13 April 2023 adalah 9.773.552.870 13 April 2023 was 9,773,552,870 shares, therefore, the
saham, sehingga dividen per saham yang dibagikan pada dividends distributed on 4 May 2023 amounted to Rp118.26
tanggal 4 Mei 2023 adalah sebesar Rp118,26 (nilai penuh) (full amount) per share for series A and series B shares or
per saham seri A dan seri B atau jumlah dividen tunai adalah total cash dividends of Rp1,155,820.
sebesar Rp1.155.820.
Rapat Umum Pemegang Saham Tahunan (“RUPS The Annual General Meeting of Shareholders (“Annual
Tahunan”) yang diadakan pada tanggal 25 Maret 2022, GMS”) which was held on 25 March 2022, approved the
memutuskan pembagian total dividen tunai untuk tahun buku total cash dividend distribution for the 2021 financial year of
2021 sebesar 35% dari laba bersih atau sejumlah kurang 35% of the net profit or in the amount of approximately
lebih Rp550.590 atau Rp56,33 (nilai penuh) per saham seri Rp550,590 or Rp56.33 (full amount) per share for series A
A dan seri B dan pembentukan cadangan umum dan wajib and series B shares and the allocation for general and legal
sebesar Rp15.731. reserve in the amount of Rp15,731.
Berdasarkan Daftar Pemegang Saham tanggal 6 April 2022 Based on the Shareholders Registry as of 6 April 2022
yang merupakan tanggal pencatatan daftar pemegang whereby shareholders registered as of that date are entitled
saham yang berhak atas dividen, jumlah saham yang to the dividends, the total number of issued shares as of
beredar pada tanggal 6 April 2022 adalah 9.773.552.870 6 April 2022 was 9,773,552,870 shares, therefore, the
saham, sehingga dividen per saham yang dibagikan pada dividends distributed on 28 April 2022 amounted to
tanggal 28 April 2022 adalah sebesar Rp56,33 (nilai penuh) Rp56.33 (full amount) per share for series A and series B
per saham seri A dan seri B atau jumlah dividen tunai adalah shares or total cash dividends of Rp550,544.
sebesar Rp550.544.
LAMPIRAN – 5/128 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 695
Page 698
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. CADANGAN UMUM DAN WAJIB 33. GENERAL AND LEGAL RESERVES
Pada tanggal 31 Desember 2023, Bank telah membentuk As of 31 December 2023, the Bank had general and legal
cadangan umum dan wajib sebesar Rp528.848 (2022: reserves of Rp528,848 (2022: Rp495,825). This general
Rp495.825). Cadangan umum dan wajib ini dibentuk and legal reserve was provided in relation with regarding
sehubungan dengan mengenai Perseroan Terbatas, yang the Limited Liability Company which requires companies to
mengharuskan perusahaan-perusahaan untuk membuat set up a general reserve amounted to at least 20% of the
penyisihan cadangan umum sebesar sekurang-kurangnya issued and fully paid share capital. There is no timeline over
20% dari jumlah modal yang ditempatkan dan disetor penuh. which this amount should be provided.
Undang-undang tersebut tidak mengatur jangka waktu untuk
membentuk cadangan tersebut.
34. PENDAPATAN BUNGA 34. INTEREST INCOME
2023 2022
Pinjaman yang diberikan 10.630.665 8.724.576 Loans
Piutang pembiayaan konsumen 7.672.498 6.637.058 Consumer financing receivables
Obligasi Pemerintah 925.785 1.096.780 Government Bonds
Penempatan pada Bank lain Placements with other Banks
dan BI 525.939 262.384 and BI
Marketable securities and
Efek-efek dan tagihan lainnya 455.459 672.533 other bills receivable
20.210.346 17.393.331
Pendapatan bunga berdasarkan klasifikasi aset keuangan Interest income based on the classification of financial
adalah sebagai berikut: assets is as follows:
2023 2022
Biaya perolehan diamortisasi 19.162.493 16.114.340 Amortized cost
Nilai wajar melalui Fair value through other
penghasilan komprehensif lain 968.501 1.216.879 comprehensive income
Nilai wajar melalui
laporan laba rugi 79.352 62.112 Fair value through profit or loss
20.210.346 17.393.331
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2023, the amortization
31 Desember 2023, amortisasi dari beban yang terkait of costs directly incurred in acquiring customers
langsung dari perolehan nasabah (“biaya transaksi”) sebesar (“transaction cost”) amounted to Rp798,584 was
Rp798.584 disajikan sebagai pengurang dari pendapatan recorded as a deduction from interest income (2022:
bunga (2022: Rp562.866). Rp562,866).
35. BEBAN BUNGA 35. INTEREST EXPENSE
2023 2022
Simpanan nasabah Deposits from customers
- Giro 565.850 357.883 Current accounts -
- Tabungan 801.225 562.384 Savings -
- Deposito berjangka 2.337.914 1.192.507 Time deposits -
Pinjaman yang diterima dan Borrowings and deposits
simpanan dari Bank lain 666.090 430.977 from other Banks
Efek yang diterbitkan 366.783 482.401 Securities issued
Beban asuransi penjaminan Deposit insurance guarantee
simpanan 256.480 246.988 expense
4.994.342 3.273.140
LAMPIRAN – 5/129 – SCHEDULE
696 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 699
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
36. PENDAPATAN DAN BEBAN PROVISI DAN KOMISI 36. FEES AND COMMISSION INCOME AND EXPENSE
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2023, included in fees
31 Desember 2023, termasuk di dalam pendapatan provisi and commission income are credit related fees income
dan komisi adalah pendapatan provisi terkait dengan amounted to Rp284,586 (2022: Rp247,476) and service
kegiatan perkreditan sebesar Rp284.586 (2022: Rp247.476) commissions amounted to Rp927,599 (2022: Rp808,332).
dan komisi atas jasa yang dilakukan sebesar Rp927.599
(2022: Rp808.332).
Termasuk didalam beban provisi dan komisi untuk tahun Included in provision and commissions expense for the
yang berakhir pada tanggal 31 Desember 2023 adalah year ended 31 December 2023 is credit related provision
beban provisi terkait dengan kegiatan perkreditan sebesar expense amounted to Rp336,470 (2022: Rp140,889).
Rp336.470 (2022: Rp140.889).
37. IMBALAN JASA LAIN 37. OTHER FEES
2023 2022
Imbalan administrasi 1.289.378 1.008.637 Administration fees
Transaksi bancassurance 748.769 742.842 Bancassurance transactions
Transaksi kartu kredit 83.985 89.765 Credit card transactions
Lain-lain 184.067 191.463 Others
2.306.199 2.032.707
38. (KERUGIAN)/KEUNTUNGAN DARI PERUBAHAN 38. (LOSSES)/GAINS FROM CHANGES IN FAIR VALUE
NILAI WAJAR ATAS INSTRUMEN KEUANGAN OF FINANCIAL INSTRUMENTS AT FAIR VALUE
YANG DIUKUR PADA NILAI WAJAR MELALUI LABA THROUGH PROFIT OR LOSS - NET
RUGI - NETO
2023 2022
Obligasi Pemerintah dan Efek- Trading Government bonds and
efek yang diperdagangkan Marketable securities
(Catatan 8 dan 15) 2.845 1.093 (Notes 8 and 15)
Instrumen derivatif (Catatan 10) (216.654) 94.111 Derivative instruments (Note 10)
(213.809) 95.204
39. BEBAN UMUM DAN ADMINISTRASI 39. GENERAL AND ADMINISTRATIVE EXPENSES
2023 2022
Beban kantor 2.177.499 1.976.578 Office expenses
Iklan dan promosi 894.085 926.391 Advertising and promotion
Penyusutan aset tetap dan Depreciation of fixed assets and
aset hak guna 386.700 362.332 right-of-use assets
Sewa 373.597 371.269 Rental
Beban amortisasi 253.912 242.597 Amortization expenses
Komunikasi 206.664 186.844 Communications
Beban bunga liabilitas sewa 21.448 18.595 Interest expense on lease liabilities
Lain-lain 46.975 46.291 Others
4.360.880 4.130.897
LAMPIRAN – 5/130 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 697
Page 700
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. BEBAN TENAGA KERJA DAN TUNJANGAN 40. SALARIES AND EMPLOYEE BENEFITS
2023 2022
Gaji dan tunjangan lainnya 5.574.070 5.198.171 Salaries and other allowance
Pendidikan dan pelatihan 148.286 106.764 Education and training
Lain-lain 418.475 360.317 Others
6.140.831 5.665.252
Remunerasi Direksi, Dewan Komisaris, dan Komite Audit Remuneration for Board of Directors, Board of
Bank dan Entitas Anak adalah sebagai berikut: Commissioners, and Audit Committee of the Bank and
Subsidiary is as follows:
2023
Tunjangan dan
fasilitas lainnya, bruto/
Gaji, bruto/ Other allowance and
Salaries, gross benefits, gross Jumlah/Total
Direksi 58.462 126.011 184.473 Board of Directors
Dewan Komisaris 16.410 20.129 36.539 Board of Commissioners
Komite Audit 1.804 454 2.258 Audit Committee
76.676 146.594 223.270
2022
Tunjangan dan fasilitas
lainnya, bruto/
Gaji, bruto/ Other allowance and
Salaries, gross benefits, gross Jumlah/Total
Direksi 56.236 143.348 199.584 Board of Directors
Dewan Komisaris 16.685 20.461 37.146 Board of Commissioners
Komite Audit 1.810 494 2.304 Audit Committee
74.731 164.303 239.034
41. PENDAPATAN BUKAN OPERASIONAL 41. NON-OPERATING INCOME
2023 2022
Penerimaan dari asuransi atas Insurance recoveries of loans
pinjaman yang telah dihapusbukukan 32.040 23.085 written off
Keuntungan penjualan aset tetap Gain on sale of fixed assets
(Catatan 18) 2.476 7.993 (Note 18)
Lain-lain 81.957 32.864 Others
116.473 63.942
42. BEBAN BUKAN OPERASIONAL 42. NON-OPERATING EXPENSES
2023 2022
Kerugian atas penjualan aset Loss on disposal of foreclosed
yang diambil alih 143.997 110.252 assets
Kerugian penghapusan aset tetap 2.087 305 Loss on write-off fixed assets
Kerugian penjualan aset tetap Loss on disposal of fixed assets
(Catatan 18) 326 88 (Note 18)
Biaya transformasi bisnis - 33.332 Business transformation expence
Lain-lain 57.842 106.699 Others
204.252 250.676
LAMPIRAN – 5/131 – SCHEDULE
698 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 701
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
a. Program pensiun iuran pasti a. Defined contribution pension plan
Bank Bank
Bank menyelenggarakan program pensiun iuran pasti untuk The Bank has a defined contribution pension plan covering
karyawan tetap yang memenuhi syarat yang dikelola dan its qualified permanent employees, which is managed and
diadministrasikan oleh PT Asuransi Jiwa Manulife Indonesia. administered by PT Asuransi Jiwa Manulife Indonesia.
Pada tanggal 31 Desember 2023 dan 2022, iuran yang As of 31 December 2023 and 2022, the employees’ and
dibayarkan oleh karyawan dan Bank masing-masing adalah the Bank’s contributions were 3.75% and 4.25%,
sebesar 3,75% dan 4,25% dari penghasilan dasar karyawan. respectively, of the employees’ basic salaries.
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2023 and 2022, the
31 Desember 2023 dan 2022, imbalan pasti Bank yang diakui Bank’s defined benefit are recognized as “salaries and
sebagai “beban tenaga kerja dan tunjangan” masing-masing employee benefits” amounted to Rp8,002 and Rp8,702,
sebesar Rp8.002 dan Rp8.702. respectively.
Bank mengikut-sertakan seluruh karyawan ke dalam The Bank registers all employees into the government
program pemerintah BPJS Kesehatan yang dimulai pada program BPJS Medical starting June 2015 with the
bulan Juni 2015 dengan besar iuran yang dibayarkan oleh employee and the Bank’s contribution at 0.50% and 4.00%,
karyawan dan Bank masing-masing adalah sebesar 0,50% respectively of the employee wages. Employee
dan 4,00% dari upah karyawan. Besarnya iuran karyawan contribution became 1.00% starting July 2015.
berubah menjadi 1,00% mulai bulan Juli 2015.
Bank juga mengikut-sertakan seluruh karyawan kedalam The Bank also registered all employees into the
program pemerintah BPJS Ketenagakerjaan yang dimulai government program BPJS Pension starting July 2015 with
pada bulan Juli 2015 dengan besar iuran yang dibayarkan the employee and the Bank’s contribution at 1.00% and
oleh karyawan dan Bank masing-masing adalah sebesar 2.00%, respectively, of the employee wages.
1,00% dan 2,00% dari upah karyawan.
Entitas Anak Subsidiary
Pada tanggal 31 Desember 2023 dan 2022, ADMF As of 31 December 2023 and 2022, ADMF paid pension
membayar iuran pensiun sebesar 3,00% dari penghasilan costs at 3.00% from the employees’ basic salaries.
dasar karyawan.
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2023 and 2022, the
31 Desember 2023 dan 2022, imbalan pasti ADMF yang defined benefit for ADMF recognized as “salaries and
diakui sebagai “beban tenaga kerja dan tunjangan” masing- employee benefits” amounted to Rp26,194 and Rp24,916,
masing sebesar Rp26.194 dan Rp24.916. respectively.
LAMPIRAN – 5/132 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 699
Page 702
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Program pensiun manfaat pasti b. Defined benefit pension plan
Bank Bank
Liabilitas atas program pensiun manfaat pasti dan imbalan The liability for defined benefit pension plan and post-
pasca-kerja pada tanggal 31 Desember 2023 dan 2022 employment benefits as of 31 December 2023 and 2022
dihitung oleh perusahaan konsultan aktuaria I Gde Eka was calculated by a licensed actuarial consulting firm I Gde
Sarmaja, FSAI, dengan menggunakan metode Projected- Eka Sarmaja, FSAI, using the Projected-Unit-Credit method.
Unit-Credit.
Nilai yang diakui dalam laporan laba rugi dan penghasilan Amounts recognized in statement of profit or loss and
komprehensif lain atas imbalan pasca-kerja adalah sebagai other comprehensive income in respects of post-
berikut: employment benefits are as follows:
2023 2022
Diakui pada laba rugi Recognized in profit or loss
Beban jasa kini 146.011 127.511 Current service cost
Beban jasa lalu 9.550 (9.540) Past service cost
Beban bunga atas kewajiban 93.352 79.172 Interest on obligation
248.913 197.143
Diakui pada penghasilan Recognized in other
Komprehensif lain comprehensive income
Effect of financial assumption
Efek perubahan asumsi keuangan 50.395 29.192 changes
Efek penyesuaian pengalaman (5.963) 7.445 Effect of experience adjustment
44.432 36.637
Jumlah yang diakui di laporan laba Total recognized in statement of profit
rugi dan penghasilan komprehensif or loss and other comprehensive
lain 293.345 233.780 income
Perubahan nilai kini kewajiban imbalan pasca kerja adalah The movements of the present value of obligation for
sebagai berikut: post employment benefits are as follows:
2023 2022
Saldo pada awal tahun 1.413.900 1.317.516 Balance at beginning year
Beban jasa kini 146.011 127.511 Current service cost
Beban jasa lalu 9.550 (9.540) Past service cost
Beban bunga 93.352 79.172 Interest expense
Imbalan yang dibayar (151.242) (137.396) Benefits paid
Pengukuran kembali: Remeasurement:
Perubahan dalam asumsi keuangan 50.395 29.192 Change in financial assumptions
Penyesuaian pengalaman (5.963) 7.445 Experience adjustment
Saldo pada akhir tahun 1.556.003 1.413.900 Balance at end of year
LAMPIRAN – 5/133 – SCHEDULE
700 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 703
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Program pensiun manfaat pasti (lanjutan) b. Defined benefit pension plan (continued)
Bank (lanjutan) Bank (continued)
Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the above calculation:
perhitungan di atas:
2023 2022
Asumsi ekonomi: Economic assumptions:
- Tingkat diskonto per tahun 6,75% 7,00% Annual discount rate -
6% untuk tahun 6,5% untuk tahun
pertama, pertama,
6,5% untuk tahun 6% untuk tahun
selanjutnya/6% for first selanjutnya/6.5% for
- Tingkat kenaikan penghasilan year, 6.5% for the first year, 6% for the Annual basic salary -
dasar per tahun following years following years growth rate
Asumsi demografi: Economic assumptions:
- Tingkat kematian TMI 2019 TMI 2019 Mortality rate -
- Tingkat kecacatan 10% of TMI 2019 10% of TMI 2019 Disability rate -
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat suku bunga pasar, dengan variabel lain reasonably possible change in market interest rates, with all
dianggap tetap, terhadap kewajiban imbalan pasca-kerja other variables held constant, of the obligation for post-
dan beban jasa kini pada tanggal 31 Desember 2023 dan employment and current service cost as of 31 December
2022: 2023 and 2022:
2023
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (71.839) 79.092 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 84.286 (77.949) Annual salary growth rate
2022
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic
assumptions:
Tingkat diskonto per tahun 100 basis point (66.310) 72.751 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 77.621 (72.052) Annual salary growth rate
Liabilitas imbalan kerja Bank pada tanggal 31 Desember The Bank’s employee benefits liabilities as of
2023 dan 2022 telah sesuai dengan laporan aktuaris 31 December 2023 and 2022 is in accordance with the
independen tertanggal 8 Januari 2024 dan 20 Januari 2023. independent actuarial report dated 8 January 2024 and
20 January 2023.
LAMPIRAN – 5/134 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 701
Page 704
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Program pensiun manfaat pasti (lanjutan) b. Defined benefit pension plan (continued)
Entitas Anak Subsidiary
Liabilitas atas program pensiun manfaat pasti dan imbalan The liability for defined benefit pension plan and post-
pasca-kerja pada tanggal 31 Desember 2023 dan 2022 employment benefits as of 31 December 2023 and 2022
dihitung oleh perusahaan konsultan aktuaria I Gde Eka was calculated by a licensed actuarial consulting firm I Gde
Sarmaja, FSAI, dengan menggunakan metode Projected- Eka Sarmaja, FSAI, using the Projected-Unit-Credit
Unit-Credit. method.
Nilai yang diakui dalam laporan laba rugi dan penghasilan Amounts recognized in statement of profit or loss and
komprehensif lain atas program pensiun imbalan pasti other comprehensive income in respects of the defined
adalah sebagai berikut: benefit plan are as follows:
2023 2022
Diakui pada laba rugi Recognized in profit or loss
Beban jasa kini 46.797 44.031 Current service cost
Beban jasa lalu (65.417) (68.891) Past service cost
Beban bunga atas kewajiban 33.749 28.241 Interest on obligation
15.129 3.381
Diakui pada penghasilan Recognized in other
komprehensif lain comprehensive income
Effect of financial assumption
Efek perubahan asumsi keuangan 77.453 (47.856) changes
Efek penyesuaian pengalaman 4.447 9.907 Effect of experience adjustment
81.900 (37.949)
Jumlah yang diakui di laporan laba Total recognized in statement of
rugi dan penghasilan profit or loss and other
komprehensif lain 97.029 (34.568) comprehensive income
Perubahan nilai kini kewajiban imbalan pasca kerja adalah The movements of the present value of obligation for
sebagai berikut: post employment benefits are as follows:
2023 2022
Saldo pada awal tahun 492.986 540.979 Balance at beginning year
Beban jasa kini 46.797 44.031 Current service cost
Beban jasa lalu (65.417) (68.891) Past service cost
Beban bunga 33.749 28.241 Interest expense
Imbalan yang dibayar (28.855) (13.425) Benefits paid
Pengukuran kembali: Remeasurement:
Perubahan dalam asumsi keuangan 77.453 (47.856) Change in financial assumptions
Penyesuaian pengalaman 4.447 9.907 Experience adjustment
Saldo pada akhir tahun 561.160 492.986 Balance at end of year
LAMPIRAN – 5/135 – SCHEDULE
702 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 705
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Program pensiun manfaat pasti (lanjutan) b. Define benefit pension plan (continued)
Entitas Anak (lanjutan) Subsidiary (continued)
Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the above calculation:
perhitungan di atas:
2023 2022
Asumsi ekonomi: Economic assumptions:
- Tingkat diskonto per tahun 6,75% 7,00% Annual discount rate -
- Tingkat kenaikan penghasilan Annual basic salary -
dasar per tahun 7,00% 6,00% growth rate
Asumsi demografi: Economic assumptions:
- Tingkat kematian TMI 2019 TMI 2019 Mortality rate -
- Tingkat kecacatan 10% of TMI 2019 10% of TMI 2019 Disability rate -
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat suku bunga pasar, dengan variabel lain reasonably possible change in market interest rates, with
dianggap tetap, terhadap liabilitas imbalan pasca-kerja dan all other variables held constant, of the obligation for post-
beban jasa kini Entitas anak pada tanggal 31 Desember employment and current service cost of Subsidiary as of
2023 dan 2022: 31 December 2023 and 2022:
2023
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (45.114) 50.989 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 63.350 (56.794) Annual salary growth rate
2022
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (36.694) 41.236 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 53.604 (48.178) Annual salary growth rate
Liabilitas imbalan kerja ADMF pada tanggal-tanggal ADMF’s employee benefits liability as of 31 December
31 Desember 2023 dan 2022 telah sesuai dengan laporan 2023 and 2022 was in accordance with the independent
aktuaris independen tertanggal 23 Januari 2024 dan actuarial report dated 23 January 2024 and 25 January
25 Januari 2023. 2023.
LAMPIRAN – 5/136 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 703
Page 706
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
c. Imbalan kerja jangka panjang lainnya c. Other long-term employment benefits
Bank Bank
Nilai yang diakui dalam laporan laba rugi atas imbalan kerja Amounts recognized in statement of profit or loss in respects
jangka panjang lainnya adalah sebagai berikut: of the other long-term employment benefits are as follows:
2023 2022
Diakui pada Laba Rugi Recognized in Profit or Loss
Beban jasa kini 8.037 7.300 Current service cost
Beban jasa lalu 65 8 Past service cost
Beban bunga atas kewajiban 2.107 1.554 Interest on obligation
Pengukuran kembali: Remeasurement:
Imbalan kerja jangka panjang lain 1.530 (1.856) Other long term benefits
Jumlah yang diakui di laporan Total recognized in statement of
laba rugi 11.739 7.006 profit or loss
Perubahan nilai kini kewajiban imbalan kerja jangka panjang The movements of the present value of other long-term
lainnya adalah sebagai berikut: employment benefits are as follows:
2023 2022
Saldo pada awal tahun 31.299 25.543 Balance at beginning year
Beban jasa kini 8.037 7.300 Current service cost
Beban jasa lalu 65 8 Past service cost
Beban bunga 2.107 1.554 Interest expense
Imbalan yang dibayar (2.345) (1.250) Benefits paid
Pengukuran kembali: Remeasurement:
Perubahan dalam asumsi keuangan 926 553 Change in financial assumptions
Penyesuaian pengalaman 604 (2.409) Experience adjustment
Saldo pada akhir tahun 40.693 31.299 Balance at end of year
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat suku bunga pasar, dengan variabel lain reasonably possible change in market interest rates, with
dianggap tetap, terhadap imbalan kerja jangka panjang lainnya all other variables held constant, of other long-term
dan beban jasa kini Bank pada tanggal 31 Desember 2023 dan employment benefits and current service cost of Bank as of
2022: 31 December 2023 and 2022:
2023
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (1.381) 1.504 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 1.613 (1.508) Annual salary growth rate
2022
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (1.196) 1.298 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 1.388 (1.301) Annual salary growth rate
LAMPIRAN – 5/137 – SCHEDULE
704 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 707
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
c. Imbalan kerja jangka panjang lainnya (lanjutan) c. Other long-term employment benefits (continued)
Entitas Anak Subsidiary
Nilai yang diakui dalam laporan laba rugi atas imbalan kerja Amounts recognized in statement of profit or loss in
jangka panjang lainnya adalah sebagai berikut: respects of the other long-term employment benefits are
as follows:
2023 2022
Diakui pada Laba Rugi Recognized in Profit or Loss
Beban jasa kini 5.426 5.134 Current service cost
Beban bunga atas kewajiban 2.590 2.906 Interest on obligation
Effect of financial
Efek perubahan asumsi keuangan 2.810 (5.039) Assumption changes
Efek penyesuaian pengalaman 3.898 2.274 Effect of experience adjustment
Jumlah yang diakui di laporan Total recognized in statement of
laba rugi 14.724 5.275 profit or loss
Perubahan nilai kini kewajiban imbalan kerja jangka panjang The movements of the present value of obligation for other
lainnya adalah sebagai berikut: long-term employment benefits are as follows:
2023 2022
Saldo pada awal tahun 40.503 44.759 Balance at beginning year
Beban jasa kini 5.426 5.134 Current service cost
Beban bunga 2.590 2.906 Interest expense
Imbalan yang dibayar (9.836) (9.531) Benefits paid
Pengukuran kembali atas imbalan pasca
kerja: Remeasurement:
Perubahan dalam asumsi keuangan 2.810 (5.039) Change in financial assumptions
Experience adjustment on
Penyesuaian pengalaman kewajiban 3.898 2.274 obligation
Saldo pada akhir tahun 45.391 40.503 Balance at end of year
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat suku bunga pasar, dengan variabel lain reasonably possible change in market interest rates, with all
dianggap tetap, terhadap imbalan kerja jangka panjang other variables held constant, of other long-term employment
lainnya dan beban jasa kini Entitas Anak pada tanggal benefits and current service cost of Subsidiary as of 31
31 Desember 2023 dan 2022: December 2023 and 2022:
2023
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (2.154) 2.361 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 2.476 (2.299) Annual salary growth rate
2022
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/ asumsi/ asumsi/
Change in Increase in Decrease in
assumption assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 100 basis point (1.829) 2.001 Annual discount rate
Tingkat kenaikan penghasilan dasar 100 basis point 2.127 (1.977) Annual salary growth rate
LAMPIRAN – 5/138 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 705
Page 708
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 43. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
(lanjutan) (continued)
Bank dan Entitas Anak Bank and Subsidiary
Tabel berikut ini adalah perubahan liabilitas imbalan pasca The following table shows the movements of the post
kerja Bank dan Entitas Anak untuk tahun yang berakhir employment benefits liability of the Bank and Subsidiary for
pada tanggal 31 Desember 2023 dan 2022: the year ended 31 December 2023 and 2022:
2023 2022
Saldo awal 1.978.688 1.928.797 Beginning balance
Beban tahun berjalan - neto 290.505 212.805 Current year expenses - net
Penghasilan komprehensif lain Other comprehensive income
selama tahun berjalan 126.332 (1.312) during the year
Pembayaran kepada karyawan (192.278) (161.602) Payment to employees
Liabilitas yang diakui di laporan Liability recognized in consolidated
posisi keuangan konsolidasian 2.203.247 1.978.688 statement of financial position
Rata-rata durasi dari liabilitas imbalan pasca-kerja adalah The average of duration of the obligation for
3,31 tahun – 8,66 tahun (2022: 3,79 tahun – 7,98 tahun). post-employment benefits is 3.31 years – 8.66 years
(2022: is 3.79 years – 7.98 years).
44. PROGRAM KOMPENSASI JANGKA PANJANG 44. LONG-TERM COMPENSATION PROGRAM
Bank telah meluncurkan Program Insentif Jangka Panjang The Bank has launched the new Long-Term Incentive
(“LTIP”) berupa program retensi dalam bentuk kas yang Program (“LTIP”) as a retention program in the form of cash
diberikan kepada Senior Executive secara selektif dan telah which was awarded to the Senior Executives selectively and
diberikan masing-masing pada tanggal 23 Desember 2019 has been granted on 23 December 2019 with 3 years
dengan masa tunggu 3 tahun. vesting period.
Sebagai bagian dari program retensi berkelanjutan, Bank As part of continuous retention program, the Bank has
kembali meluncurkan program serupa setiap tahunnya launched a similar program every year on 15 December
secara berurutan pada tanggal 15 Desember 2020, 2020, 15 December 2021, 8 December 2022 and
15 Desember 2021, 8 Desember 2022 dan 21 Desember 21 December 2023 consecutively, with 3 years period and
2023, dengan jangka waktu 3 tahun dan pembayaran the full payment will be done in the third year.
penuh akan dilakukan pada tahun ketiga.
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2023 the amount recorded
31 Desember 2023 jumlah yang telah dicatat ke laba rugi in profit and loss amounted to Rp85,009
tahun berjalan adalah sebesar Rp85.009 (2022: Rp72.326). (2022: Rp72,326).
LAMPIRAN – 5/139 – SCHEDULE
706 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 709
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. LABA BERSIH PER SAHAM DASAR YANG 45. BASIC EARNINGS PER SHARE ATTRIBUTABLE TO
DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK EQUITY HOLDERS OF THE PARENT ENTITY
Laba bersih per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing net
laba bersih dengan rata-rata tertimbang jumlah saham biasa income by the weighted average number of ordinary shares
yang beredar pada tahun bersangkutan. outstanding during the year.
2023 2022
Laba bersih yang diatribusikan Net income attributable to equity
kepada pemilik entitas induk 3.503.882 3.302.314 holders of the parent entity
Rata-rata tertimbang jumlah Weighted average number of
saham biasa yang beredar 9.773.552.870 9.773.552.870 ordinary shares outstanding
Laba bersih per saham dasar
yang diatribusikan Basic earnings per share
kepada pemilik entitas induk attributable to equity holders
(nilai penuh) 358,51 337,88 of the parent entity (full amount)
Laba bersih per saham dasar dan dilusian adalah sama, Basic and diluted earnings per share are the same, because
karena Bank tidak memiliki potensi dilutif atas saham yang the Bank does not have dilutive effect of issued share.
telah dikeluarkan.
46. KOMITMEN DAN KONTINJENSI 46. COMMITMENTS AND CONTINGENCIES
2023 2022
Liabilitas komitmen Commitment liabilities
- Fasilitas kredit kepada debitur Unused loan facilities to -
yang belum digunakan 4.922.801 254.853 debtors
- Irrevocable letters of credit Outstanding irrevocable -
yang masih berjalan 852.894 1.068.247 letters of credit
Jumlah liabilitas komitmen 5.775.695 1.323.100 Total commitment liabilities
Tagihan kontinjensi Contingent receivables
- Garansi dari Bank lain 744.141 602.216 Guarantee from other Banks -
Jumlah tagihan kontinjensi 744.141 602.216 Total contingent receivables
Liabilitas kontinjensi Contingent liabilities
- Garansi yang diterbitkan Guarantees issued in the -
dalam bentuk: form of:
- Garansi Bank 6.456.018 5.671.773 Bank guarantees -
- Standby letters of credit 992.160 1.037.764 Standby letters of credit -
Jumlah liabilitas kontinjensi 7.448.178 6.709.537 Total contingent liabilities
Liabilitas kontinjensi - neto 6.704.037 6.107.321 Contingent liabilities - net
Liabilitas komitmen dan Commitment and
kontinjensi - neto 12.479.732 7.430.421 contingent liabilities - net
LAMPIRAN – 5/140 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 707
Page 710
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. KOMITMEN DAN KONTINJENSI (lanjutan) 46. COMMITMENTS AND CONTINGENCIES (continued)
Liabilitas komitmen Commitment liabilities
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 114.562 82.509 letters of credit
Fasilitas kredit kepada debitur Unused loan facilities
yang belum digunakan 4.458.543 254.853 to debtors
4.573.105 337.362
Mata uang asing Foreign currencies
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 738.332 985.738 letters of credit
Fasilitas kredit kepada debitur Unused loan facilities
yang belum digunakan 464.258 - to debtors
1.202.590 985.738
Jumlah 5.775.695 1.323.100 Total
b. Berdasarkan kolektibilitas BI b. By BI collectability
2023 2022
Lancar 5.773.879 1.321.155 Current
Dalam perhatian khusus 1.816 1.945 Special mention
Jumlah 5.775.695 1.323.100 Total
Liabilitas kontinjensi Contingent liabilities
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Garansi yang diterbitkan Guarantees issued in the
dalam bentuk: form of:
- Garansi Bank 5.896.207 5.459.929 Bank guarantees -
- Standby letters of credit 484.530 698.021 Standby letters of credit -
6.380.737 6.157.950
Mata uang asing Foreign currencies
Garansi yang diterbitkan Guarantees issued in the
dalam bentuk: form of:
- Garansi Bank 559.811 211.844 Bank guarantees -
- Standby letters of credit 507.630 339.743 Standby letters of credit -
1.067.441 551.587
Jumlah 7.448.178 6.709.537 Total
b. Berdasarkan kolektibilitas BI b. By BI collectibility
2023 2022
Lancar 7.447.178 6.706.891 Current
Dalam perhatian khusus 1.000 2.446 Special mention
Kurang lancar - 200 Substandard
Jumlah 7.448.178 6.709.537 Total
LAMPIRAN – 5/141 – SCHEDULE
708 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 711
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. KOMITMEN DAN KONTINJENSI (lanjutan) 46. COMMITMENTS AND CONTINGENCIES (continued)
Liabilitas kontinjensi (lanjutan) Contingent liabilities (continued)
Selain itu, Bank menghadapi berbagai kasus hukum yang In addition, the Bank is a party to various unresolved legal
belum terselesaikan, tuntutan administrasi, dan gugatan actions, administrative proceedings, and claims in the
sehubungan dengan kegiatan usaha Bank. Tidak ordinary course of its business. It is not possible to predict
memungkinkan bagi Bank untuk memperkirakan dengan with certainty whether or not the Bank will ultimately be
pasti apakah Bank akan berhasil dalam setiap kasus successful in any of these legal matters or, if not, what the
hukum tersebut, atau jika tidak, dampak yang mungkin impact might be.
timbul.
Perikatan Penting Significant Agreement
Bank Bank
Pada tanggal 13 Januari 2023, Bank telah On 13 January 2023, the Bank has signed agreement
menandatangani perjanjian penempatan dana pada regarding placement to MUFG Innovation Partners
MUFG Innovation Partners Garuda No.1 Investment Garuda No.1 Investment Limited Partnership (Venture
Limited Partnership (Dana Ventura) sebagai mitra Capital Fund) as Limited Partners (the General Partners
terbatas (Limited Partner) (General Partner pendanaan ini of the Fund is MUFG Innovation Partners, MUIP) with
adalah MUFG Innovation Partners, MUIP) dengan total total commitment of USD10,000,000 (10% of total initial
komitmen sebesar USD10.000.000 (10% dari total Fund size). First capital call amounted to USD1,000,000
pendanaan). Penempatan dana pertama sebesar has been executed on 9 February 2023 and the second
USD1.000.000 telah dilakukan pada 9 Februari 2023 dan capital call amounted to USD1,000,000 executed on
penempatan dana kedua sebesar USD1.000.000 24 November 2023.
dilakukan pada 24 November 2023.
Pada tanggal 17 April 2023, Bank dan ADMF telah On 17 April 2023, the Bank and ADMF have signed the
menandatangani Perjanjian Transfer Portfolio dengan Portfolio Transfer Agreement with Standard Chartered
Standard Chartered Bank Indonesia (“SCBI”) untuk Bank Indonesia (“SCBI”) to acquire SCBI's
mengakuisisi portfolio Pinjaman Ritel Konvensional SCBI Conventional Retail Loan portfolio that consists of Credit
yang terdiri atas Kartu Kredit, Kredit Tanpa Agunan, Kredit Card, Personal Loan, Mortgage, and Auto Loan (by
Pemilikan Rumah, dan Kredit Kendaraan Bermotor (oleh ADMF). The portfolio transfer has been completed on
ADMF). Transfer portofolio tersebut telah diselesaikan 8 December 2023, with the final closing statement of the
pada tanggal 8 Desember 2023, dengan pernyataan transaction due on 13 March 2024.
penutupan akhir transaksi pada 13 Maret 2024.
Entitas Anak Subsidiary
ADMF akan melakukan investasi penyertaan modal ADMF will invest in equity shares of PT Mandala
saham pada PT Mandala Multifinance Tbk ("PT MFIN") Multifinance Tbk ("PT MFIN") that is expected to be
yang diperkirakan akan diselesaikan pada awal 2024 completed in early 2024 depending on several
tergantung dari beberapa kondisi bersyarat dan conditional requirements and approval from related
persetujuan dari regulator terkait. Pada tanggal 23 Juni regulators. On 23 June 2023, ADMF has signed a
2023, ADMF telah menandatangani suatu perjanjian jual conditional sale and purchase agreement in connection
beli bersyarat sehubungan dengan pengambilalihan 10% with acquisition of 10% of all shares issued by PT MFIN
dari seluruh saham yang dikeluarkan PT MFIN dengan with the transaction price of Rp873.7billion.
nilai transaksi sebesar Rp873,7 miliar.
LAMPIRAN – 5/142 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 709
Page 712
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. INFORMASI MENGENAI PIHAK BERELASI 47. RELATED PARTIES INFORMATION
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties*) Nature of relationship Nature of transaction
Komisaris, direksi, dan personil Pengawas, pengurus dan karyawan Pinjaman yang diberikan dan remunerasi/Loans
manajemen kunci/Commissioners, kunci/Oversight team, management, and remuneration
directors, and key management and key management personnel
personnel
MUFG Bank, Ltd. Pemegang saham/Shareholder Penempatan dana, tagihan derivatif, tagihan
akseptasi, simpanan dana, liabilitas derivatif, utang
akseptasi, pinjaman yang diterima, pinjaman
subordinasi dan liabilitas lain-lain/Fund placements,
derivatives receivable, acceptance receivables,
deposit fund, derivative payable, acceptance
payable, borrowings, subordinated loan and other
liabilities
PT Zurich Asuransi Indonesia Tbk Entitas Asosiasi/Associate Entity Aset lain-lain, simpanan dana, utang obligasi, dan
liabilitas lain-lain/Other assets, deposit fund, bonds
payable, and other liabilities
PT JACCS MPM Finance Indonesia Dimiliki oleh pemegang saham pengendali Efek-efek, Pinjaman yang diberikan, Aset lain-lain
yang sama dengan MUFG Bank, Ltd./ dan Simpanan dana/Marketable Securities, Loans
Owned by the same controlling shareholder Other Asset and Deposit fund
of MUFG Bank, Ltd.
PT General Integrated Company Dimiliki oleh keluarga Komisaris/Owned by Simpanan dana dan Liabilitas lain-lain/Deposit fund
Commissioner’s family and other liabilities
Bank of Ayudhya Public Company, Ltd. Dimiliki oleh pemegang saham pengendali Penempatan dana dan simpanan dana/Fund
yang sama dengan MUFG Bank, Ltd./ placements and deposit fund
Owned by the same controlling shareholder
of MUFG Bank, Ltd.
PT Zurich General Takaful Indonesia Dimiliki oleh entitas asosiasi /Owned by Aset lain-lain, simpanan dana dan Liabilitas lain-
associate entity lain/Other assets, deposit fund and other liabilities
PT Guna Dharma Dimiliki oleh pemegang saham pengendali Simpanan dana/Deposit fund
yang sama dengan MUFG Bank, Ltd./
Owned by the same controlling shareholder
of MUFG Bank, Ltd.
PT Indosat Ooredoo Hutchison Secara tidak langsung merupakan Pihak Simpanan dana/Deposit fund
Terkait/Indirectly as a related party
MUFG Innovation Partner Garuda No. 1 Dimiliki oleh pemegang saham pengendali Efek-efek/Marketable Securities
Investment limited partnership yang sama dengan MUFG Bank, Ltd./
Owned by the same controlling shareholder
of MUFG Bank, Ltd.
Security Bank Corporation Dimiliki oleh pemegang saham pengendali Tagihan akseptasi/Acceptance receivables
yang sama dengan MUFG Bank, Ltd./
Owned by the same controlling shareholder
of MUFG Bank, Ltd.
PT Home Credit Indonesia Dimiliki oleh MUFG Bank, Ltd melalui Bank Investasi dalam saham, Pinjaman yang
of Ayudhya Public Company Limited dan Diberikan dan Aset lain-lain /Investment in
PT Adira Dinamika Multifinance Tbk/ shares, Loans and Other Asset
Owned by MUFG Bank, Ltd. through Bank
of Ayudhya Public Company Limited and
PT Adira Dinamika Multifinance Tbk.
*) Berdasarkan PSAK 7/Peraturan Bank Indonesia *) According to PSAK 7/Bank Indonesia’s Regulation
LAMPIRAN – 5/143 – SCHEDULE
710 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 713
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. INFORMASI MENGENAI PIHAK BERELASI (lanjutan) 47. RELATED PARTIES INFORMATION (continued)
2023 2022
Aset Assets
Giro pada Bank lain - neto Current accounts with other Banks - net
MUFG Bank, Ltd. 178.615 209.743 MUFG Bank, Ltd.
Bank of Ayudhya Public Company, Ltd. 276 275 Bank of Ayudhya Public Company, Ltd.
178.891 210.018
Persentase terhadap jumlah aset 0,08% 0,11% Percentage to total assets
Efek-efek Marketable securities
PT JACCS MPM Finance Indonesia 99.826 99.927 PT JACCS MPM Finance Indonesia
MUFG Innovation Partners Garuda MUFG Innovation Partners Garuda
No.1 Investment limited partnership 30.794 - No. 1 Investment limited partnership
130.620 99.927
Persentase terhadap jumlah aset 0,06% 0,05% Percentage to total assets
Pinjaman yang diberikan - neto Loans - net
PT Home Credit Indonesia 497.825 - PT Home Credit Indonesia
PT JACCS MPM Finance Indonesia 233.587 399.560 PT JACCS MPM Finance Indonesia
Komisaris dan karyawan kunci 66.729 56.528 Commissioners and key management
798.141 456.088
Persentase terhadap jumlah aset 0,36% 0,23% Percentage to total assets
Tagihan derivatif Derivatives receivables
MUFG Bank, Ltd. 7.937 6.862 MUFG Bank, Ltd.
Persentase terhadap jumlah aset 0,00% 0,00% Percentage to total assets
Tagihan Akseptasi Acceptance receivables
MUFG Bank, Ltd. - 10.802 MUFG Bank, Ltd.
Security Bank Corporation 175.573 - Security Bank Corporation
175.573 10.802
Persentase terhadap jumlah aset 0,08% 0,01% Percentage to total assets
Investasi dalam saham Investment in shares
PT Home Credit Indonesia 386.360 - PT Home Credit Indonesia
Persentase terhadap jumlah aset 0,17% 0,00% Percentage to total assets
Beban dibayar dimuka dan aset lain-lain Prepayments and other assets
PT Zurich Asuransi Indonesia Tbk 82.343 136.773 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Takaful Indonesia 13.842 11.875 PT Zurich General Takaful Indonesia
PT Home Credit Indonesia 770 - PT Home Credit Indonesia
PT JACCS MPM Finance Indonesia 401 - PT JACCS MPM Finance Indonesia
97.356 148.648
Persentase terhadap jumlah aset 0,04% 0,08% Percentage to total assets
Liabilitas Liabilities
Simpanan nasabah Deposits from customers
Giro 481.477 297.161 Current Accounts
Tabungan 108.640 104.650 Savings
Deposito berjangka 162.655 436.325 Time deposits
752.772 838.136
Persentase terhadap jumlah liabilitas 0,44% 0,56% Percentage to total liabilities
Simpanan dari Bank lain Deposit for other Banks
MUFG Bank, Ltd. 869.222 92.015 MUFG Bank, Ltd.
Bank of Ayudhya Public Bank of Ayudhya Public
Company, Ltd. 453 139 Company, Ltd.
869.675 92.154
Persentase terhadap jumlah liabilitas 0,51% 0,06% Percentage to total liabilities
LAMPIRAN – 5/144 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 711
Page 714
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. INFORMASI MENGENAI PIHAK BERELASI (lanjutan) 47. RELATED PARTIES INFORMATION (continued)
2023 2022
Liabilitas (lanjutan) Liabilities (continued)
Utang akseptasi Acceptance payables
MUFG Bank, Ltd. 61.875 34.315 MUFG Bank, Ltd.
Persentase terhadap jumlah liabilitas 0,04% 0,02% Percentage to total liabilities
Liabilitas derivatif Derivative liabilities
MUFG Bank, Ltd. 4.321 2.566 MUFG Bank, Ltd.
Persentase terhadap jumlah liabilitas 0,00% 0,00% Percentage to total liabilities
Utang obligasi Bonds payable
PT Zurich Asuransi Indonesia Tbk 110.000 10.000 PT Zurich Asuransi Indonesia Tbk
Persentase terhadap jumlah liabilitas 0,06% 0,01% Percentage to total liabilities
Pinjaman yang diterima Borrowings
MUFG Bank, Ltd. 1.389.348 1.265.417 MUFG Bank, Ltd.
Persentase terhadap jumlah liabilitas 0,81% 0,84% Percentage to total liabilities
Pinjaman subordinasi Subordinated loan
MUFG Bank, Ltd. 25.000 25.000 MUFG Bank, Ltd.
Persentase terhadap jumlah liabilitas 0,01% 0,02% Percentage to total liabilities
Beban yang masih harus dibayar dan
liabilitas lain-lain Accruals and other liabilities
PT Zurich Asuransi Indonesia Tbk 1.346.461 1.414.486 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Takaful Indonesia 43.400 37.258 PT Zurich General Takaful Indonesia
MUFG Bank, Ltd. 12.473 9.940 MUFG Bank, Ltd.
1.402.334 1.461.684
Persentase terhadap jumlah liabilitas 0,82% 0,97% Percentage to total liabilities
Pendapatan dan Beban Income and Expenses
Pendapatan bunga Interest income
PT JACCS MPM Finance Indonesia 24.189 21.961 PT JACCS MPM Finance Indonesia
PT Home Credit Indonesia 7.845 - PT Home Credit Indonesia
Komisaris, direksi, dan Commissioners, directors, and
personil manajemen kunci 3.277 2.668 key management personnel
PT General Integrated Company 21 - PT General Integrated Company
MUFG Bank, Ltd. 16 7 MUFG Bank, Ltd.
35.348 24.636
Persentase terhadap jumlah pendapatan
bunga 0,17% 0,14% Percentage to total interest income
Beban bunga Interest expense
MUFG Bank, Ltd. 102.741 45.352 MUFG Bank, Ltd.
PT Indosat Ooredoo Hutchison 36.993 2.130 PT Indosat Ooredoo Hutchison
Komisaris, direksi, dan personil Commissioners, directors, and key
manajemen kunci 6.222 5.132 management personnel
PT JACCS MPM Finance Indonesia 5.114 181 PT JACCS MPM Finance Indonesia
PT Zurich Asuransi Indonesia Tbk 5.257 10.039 PT Zurich Asuransi Indonesia Tbk
PT Home Credit Indonesia 454 - PT Home Credit Indonesia
PT Zurich General Takaful Indonesia 166 117 PT Zurich General Takaful Indonesia
PT Guna Dharma 123 111 PT Guna Dharma
PT General Integrated Company - 3 PT General Integrated Company
157.070 63.065
Persentase terhadap jumlah beban bunga 3,14% 1,93% Percentage to total interest expense
LAMPIRAN – 5/145 – SCHEDULE
712 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 715
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. INFORMASI MENGENAI PIHAK BERELASI (lanjutan) 47. RELATED PARTIES INFORMATION (continued)
2023 2022
Pendapatan dan Beban (lanjutan) Income and Expenses (continued)
Imbalan jasa lain Other fees
PT Zurich Asuransi Indonesia Tbk 90.535 112.273 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Takaful Indonesia 1.558 4.060 PT Zurich General Takaful Indonesia
92.093 116.333
Persentase terhadap jumlah imbalan
jasa lain 3,99% 5,72% Percentage to total other fees
Beban tenaga kerja dan tunjangan Salaries and employee benefits
atas Komisaris, direksi, dan of the Bank’s and Subsidiary
personil manajemen kunci Bank Commissioners, directors, and
dan Entitas Anak: key management personnel:
Imbalan kerja jangka pendek 550.191 520.243 Short-term employee benefits
Pesangon Pemutusan Kontrak Kerja - 20.264 Working termination benefit
Imbalan kerja jangka Other long-term employee
panjang lainnya 72.622 67.504 benefits
Imbalan pasca-kerja 27.274 26.781 Post-employment benefits
650.087 634.792
Persentase terhadap jumlah beban Percentage to total salaries
tenaga kerja dan tunjangan 10,59% 11,21% and employee benefits
Pada tanggal 21 Maret 2022, Bank telah On 21 March 2022, the Bank has signed a Sale and
menandatangani Perjanjian Jual Beli (CSA) dengan Purchase Agreement (CSA) with MUFG Bank, Ltd., in
MUFG Bank, Ltd. sehubungan dengan pengambilalihan connection with the take-over of loan credit from MUFG
hak kredit dari MUFG Bank, Ltd. oleh Bank dengan harga Bank, Ltd. by the Bank with the agreed purchase price is
beli yang disepakati sebesar Rp636.364. Rp636,364.
Pada tanggal 15 September 2023, Bank telah membeli On 15 September 2023, the Bank has purchased a
pinjaman sindikasi atas PT Hoegh LNG Lampung syndication loan to PT Hoegh LNG Lampung amounted
sebesar USD5.000.000 (nilai penuh) dari MUFG Bank, USD5,000,000 (full amount) from MUFG Bank, Ltd.
Ltd. (Jakarta) dengan harga beli yang disepakati sebesar (Jakarta) with the agreed purchase price of USD4,847,511
USD4.847.511 (nilai penuh) atau setara dengan (full amount) or equivalent with Rp74,918.
Rp74.918.
Selama tahun yang berakhir pada tanggal 31 Desember During the year ended 31 December 2023 and 2022, no
2023 dan 2022, tidak terdapat kerugian penurunan nilai atas impairment losses have been recorded on outstanding
saldo transaksi dengan personil manajemen kunci, dan balances due from key management personnel, and as of
pada tanggal 31 Desember 2023 dan 2022 tidak ada 31 December 2023 and 2022, there was no specific
penyisihan khusus yang dibuat untuk kerugian penurunan allowance made for impairment losses on balances with
nilai atas transaksi dengan personil manajemen kunci dan key management personnel and their immediate relatives.
kerabat dekat mereka.
Transaksi dengan pihak-pihak berelasi dilakukan dengan Transactions with related parties are conducted with
kebijakan harga dan syarat normal, sebagaimana dilakukan normal pricing policy and conditions similar with those of
dengan pihak yang tidak berelasi, kecuali pinjaman yang third parties, except for loans to the Bank’s employees.
diberikan kepada karyawan Bank.
LAMPIRAN – 5/146 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 713
Page 716
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. KEPENTINGAN NON-PENGENDALI 48. NON-CONTROLLING INTERESTS
Kepentingan non-pengendali atas aset neto Entitas Anak The movements of the non-controlling interests’ share in the
adalah sebagai berikut: net assets of the Subsidiary are as follows:
2023 2022
Kepentingan non-pengendali Non-controlling interests at
pada awal tahun 634.779 548.659 the beginning of year
Bagian kepentingan non-pengendali Net income for the year attributable
atas laba bersih tahun berjalan 154.163 127.320 to non-controlling interests
Likuidasi Entitas Anak 2.073 - Liquidation of Subsidiary
Bagian kepentingan non-pengendali atas Gains from effective portion
keuntungan dari bagian on derivative instruments for
efektif atas instrumen derivatif untuk cash flow hedges attributable to
lindung nilai arus kas 480 4.588 non-controlling interests
Bagian kepentingan non-pengendali Remeasurement of obligation for
atas pengukuran kembali liabilitas post-employment benefits to
imbalan pasca kerja (5.066) 2.347 non-controlling interest
Pembagian dividen (63.678) (48.135) Dividend distribution
Kepentingan non-pengendali pada Non-controlling interests at
akhir tahun 722.751 634.779 the end of year
49. INFORMASI SEGMEN OPERASI 49. OPERATING SEGMENT INFORMATION
Informasi yang berkaitan dengan segmen usaha utama Information concerning the main business segments as a
secara konsolidasian disajikan dalam tabel di bawah ini: consolidated entity is set out in the table below:
2023
Retail1) Wholesale2) Jumlah/Total
Hasil Segmen Segment Results
Pendapatan bunga neto 10.621.653 4.594.351 15.216.004 Net interest income
Pendapatan selain bunga 3.206.056 1.054.123 4.260.179 Non-interest income
Jumlah pendapatan
operasional 13.827.709 5.648.474 19.476.183 Total operating income
Beban operasional (8.365.449) (2.662.312) (11.027.761) Operating expenses
Beban atas kredit (2.766.598) (900.318) (3.666.916) Cost of credit
Beban bukan operasional - neto (68.342) (19.437) (87.779) Non-operating expenses - net
Laba sebelum pajak
penghasilan 2.627.320 2.066.407 4.693.727 Income before income tax
Beban pajak penghasilan (1.035.682) Income tax expense
Laba bersih 3.658.045 Net income
LAMPIRAN – 5/147 – SCHEDULE
714 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 717
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT INFORMATION (continued)
Informasi yang berkaitan dengan segmen usaha utama Information concerning the main business segments as a
secara konsolidasian disajikan dalam tabel di bawah ini consolidated entity is set out in the table below (continued):
(lanjutan) :
2023
Retail1) Wholesale2) Jumlah/Total
Aset Segmen: Segment Assets:
Pinjaman yang diberikan, Loans, consumer financing
Piutang pembiayaan konsumen, receivables, and investment in
piutang sewa pembiayaan finance leases excluding
tidak termasuk piutang bunga 72.154.312 100.765.338 172.919.650 interest receivables
Aset tresuri - 34.016.627 34.016.627 Treasury assets
72.154.312 134.781.965 206.936.277
Aset yang tidak dapat dialokasi 14.368.255 Unallocated assets
Jumlah aset 221.304.532 Total assets
Liabilitas Segmen: Segment Liabilities:
Pendanaan 71.638.402 68.792.940 140.431.342 Funding
Liabilitas tresuri - 16.103.587 16.103.587 Treasury liabilities
71.638.402 84.896.527 156.534.929
Liabilitas yang tidak dapat dialokasi 14.810.235 Unallocated liabilities
Jumlah liabilitas 171.345.164 Total liabilities
2022
Retail1) Wholesale2) Jumlah/Total
Hasil Segmen Segment Results
Pendapatan bunga neto 9.103.992 5.016.199 14.120.191 Net interest income
Pendapatan selain bunga 2.844.872 1.085.374 3.930.246 Non-interest income
Jumlah pendapatan
operasional 11.948.864 6.101.573 18.050.437 Total operating income
Beban operasional (7.543.474) (2.670.034) (10.213.508) Operating expenses
Beban atas kredit (1.949.373) (1.296.188) (3.245.561) Cost of credit
Beban bukan operasional - neto (108.919) (44.483) (153.402) Non-operating expenses - net
Biaya transformasi bisnis yang Unallocated business
tidak dialokasikan - - (33.332) transformation expense
Laba sebelum pajak
penghasilan 2.347.098 2.090.868 4.404.634 Income before income tax
Beban pajak penghasilan (975.000) Income tax expense
Laba bersih 3.429.634 Net income
LAMPIRAN – 5/148 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 715
Page 718
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT INFORMATION (continued)
Informasi yang berkaitan dengan segmen usaha utama Information concerning the main business segments as a
secara konsolidasian disajikan dalam tabel di bawah ini consolidated entity is set out in the table below (continued):
(lanjutan):
2022
Retail1) Wholesale2) Jumlah/Total
Aset Segmen: Segment Assets:
Pinjaman yang diberikan, Loans, consumer financing
piutang pembiayaan konsumen, receivables, and investment in
piutang sewa pembiayaan finance leases excluding
tidak termasuk piutang bunga 56.240.374 88.659.621 144.899.995 interest receivables
Aset tresuri - 38.258.499 38.258.499 Treasury assets
56.240.374 126.918.120 183.158.494
Aset yang tidak dapat dialokasi 14.571.194 Unallocated assets
Jumlah aset 197.729.688 Total assets
Liabilitas Segmen: Segment Liabilities:
Pendanaan 67.437.202 59.918.308 127.355.510 Funding
Liabilitas tresuri - 9.885.505 9.885.505 Treasury liabilities
67.437.202 69.803.813 137.241.015
Liabilitas yang tidak dapat dialokasi 13.010.191 Unallocated liabilities
Jumlah liabilitas 150.251.206 Total liabilities
1) 1)
Retail terdiri dari produk dan jasa (termasuk fasilitas kredit Retail consists of products and services (includes loans,
yang diberikan, simpanan dan transaksi-transaksi lain) deposits and other transactions) for individual customer
yang diberikan kepada nasabah individual serta saldo atas and balances with retail customer.
nasabah retail.
2) 2)
Wholesale terdiri dari produk dan jasa (termasuk kredit Wholesale consists of products and services (includes
yang diberikan, simpanan dan transaksi-transaksi lain) loans, deposit, and other transaction) for the small-
yang diberikan kepada nasabah usaha kecil dan medium enterprise, commercial, corporate, financial
menengah, komersial, korporasi, institusi keuangan, dan institution customers, and treasury activities.
kegiatan tresuri.
LAMPIRAN – 5/149 – SCHEDULE
716 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 719
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN 50. FINANCIAL RISK MANAGEMENT
Bank melakukan pengelolaan risiko yang terdiri dari Risiko The Bank manages risks which consists of Credit Risk,
Kredit, Risiko Pasar, Risiko Likuiditas dan Risiko Operasional Market Risk, Liquidity Risk and Operational Risk as
yang diuraikan pada huruf b sampai dengan huruf e dibawah described in letter b to letter e below. The explanation
ini. Uraian ini menyajikan informasi mengenai eksposur Bank describes information about the Bank’s exposure to
terhadap risiko-risiko tersebut termasuk tujuan, kebijakan those risks including the objectives, policies and process
dan proses yang dilakukan oleh Bank dalam mengukur dan which are done by the Bank in measuring and managing
mengelola risiko. Selain itu, Bank juga melakukan the risks. In addition, the Bank also manages other risks
pengelolaan terhadap risiko lainnya, yaitu Risiko Kepatuhan, such as Compliance Risk, Strategic Risk, Legal Risk,
Risiko Stratejik, Risiko Hukum, Risiko Reputasi dan Risiko Reputation Risk and Sharia related Risk (Investment
terkait dengan Syariah (Risiko Investasi dan Risiko Imbal Risk and Rate of Return Risk). While for risk management
Hasil). Sedangkan untuk pengelolaan risiko terkait dengan related to financial conglomeration, the managed risks
konglomerasi keuangan, risiko yang dikelola termasuk Risiko include Intra-Group Transaction Risk.
Transaksi Intra-Grup.
Dampak terhadap bisnis Impact on business
Kondisi pandemi COVID-19 yang secara umum sudah COVID-19 pandemic condition which in general has
cukup terkendali telah berhasil mengurangi volatilitas already under control, has succeeded in reducing
ekonomi sehingga gangguan akibat pandemi pada economic volatility so the disruption caused by the
nasabah, pemasok, staf Bank dan Entitas Anak sudah pandemic to customers, suppliers, Bank staff and
berkurang signifikan dan menunjukan trend pemulihan Subsidiary has been significantly reduced and showing
yang kuat. a strong recovery trend.
Pada posisi tahun berjalan, Bank terus melakukan In the current year position, the Bank continues to
pemantauan secara ketat atas debitur-debitur restrukturisasi closely monitor the restructured debtors affected by the
yang terkena dampak pandemi COVID-19 dan telah COVID-19 pandemic and has taken steps to handle it
melakukan langkah-langkah penanganannya sesuai according to internal policies regarding the COVID-19
kebijakan internal terhadap situasi pandemi COVID-19. pandemic situation.
Perpanjangan Restrukturisasi COVID-19 hanya diberikan The extension of COVID-19 Restructuring are only
secara sangat selektif, sejalan dengan strategi Bank untuk given very selectively, in line with Bank’s strategy to
mempercepat penurunan portfolio restrukturisasi COVID- accelerate the reduction of COVID-19 Restructuring
19. Selain dari itu, pembentukan pencadangan telah portfolio. On top of that, the building of provision has
ditetapkan secara spesifik pada setiap lini bisnis mengikuti been set specifically in each line of business according
tingkat risiko dari setiap debitur berdasarkan analisa to the risk level of each debtor based on survivability
kemampuan bertahan. analysis.
Meskipun dampak pandemi semakin kecil, tetapi muncul Even though the impact from the pandemic is
risiko-risiko lain yang mempengaruhi terhadap diminishing, but there are other risks impacting the
pertumbuhan ekonomi sehingga margin bisnis masih lebih economic growth which resulted in lower margin
rendah dibandingkan level pre-pandemi. compared to pre-pandemic level.
Metodologi Methodology
Terkait dengan kondisi pandemic, Bank dan Entitas Anak In relation to pandemic condition, the Bank and
menyesuaikan skenario makroekonomi pada metodologi Subsidiary adjust the macroeconomic scenario for ECL
perhitungan KKE. Bank dan Entitas Anak terus mengikuti calculation methodology. The Bank and Subsidiary
metodologi ini dalam menghasilkan rata-rata tertimbang continue to follow this methodology in generating
pada KKE secara konsensus, dengan skenario alternatif consensus probability-weighted ECL, with alternative or
atau tambahan dan penyesuaian manajemen yang additional scenarios and management’s adjustments
melengkapi KKE di mana, menurut manajemen, perkiraan supplementing this ECL where, in management's
konsensus tidak sepenuhnya menangkap tingkat kredit opinion, the consensus forecast does not fully capture
atau peristiwa ekonomi baru-baru ini. the extent of recent credit or economic events.
Hingga tahun berjalan, Bank melakukan pengkinian data- Until the current year, the Bank is updating the data and
data dan penilaian/kajian model pada metodologi assessing/reviewing the model on the ECL calculation
perhitungan KKE untuk menyesuaikan kondisi dan methodology to adjust with current conditions and data
informasi data terkini. information.
LAMPIRAN – 5/150 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 717
Page 720
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
Skenario ekonomi terhadap dampak COVID-19 Economic scenarios incorporating the economic
impacts of COVID-19
Saat ini, kondisi makroekonomi sejak wabah COVID-19 Currently, macroeconomic conditions since the COVID-
sudah mulai membaik dan berangsur pulih, walaupun 19 outbreak have started to improve and are gradually
masih memiliki dampak pada bisnis di seluruh dunia dan recovering, although the COVID-19 outbreak still has an
lingkungan ekonomi tempat Bank dan Entitas Anak impact on businesses around the world and the
beroperasi. Bank telah mencatat pergerakan MEV yang economic environment in which the Bank and its
masih dalam ambang batas dari distribusi perkiraan Subsidiary operate. Bank has already noted MEV
ekonomi. Mengingat dampak ekonomi yang berubah movement is still within the threshold of the distribution
dengan cepat, termasuk tindakan bantuan pemerintah of economic forecasts. Given the rapidly changing
yang substansial serta tindakan dukungan di banyak economic impact, including the substantial government
negara, manajemen telah membuat berbagai penilaian relief actions and support measures in many countries,
untuk mencerminkan rentang hasil pada tanggal management has made various judgements to best
pelaporan dengan sebaik-baiknya. Bank dan Entitas Anak reflect the range of outcomes at the reporting date. The
telah membentuk tiga skenario ekonomi yang dihasilkan Bank and Subsidiary has formed three internally
secara internal (baseline, baik dan buruk) berdasarkan generated economic scenarios (baseline, best and
durasi dan tingkat keparahan dampak ekonomi di worst) based on the duration and severity of economic
berbagai pasar, respon fiskal dan kebijakan, serta impacts across various markets, fiscal and policy
perubahan rasio PDB (produk domestik bruto). Skenario responses also change in GDP (gross domestic
tersebut telah dibuat untuk masing-masing pasar utama product). These scenarios have been generated for
Bank dan Entitas Anak dan telah dihitung probabilitasnya each of the Bank and Subsidiary key markets and its
serta ditambahkan dalam perhitungan KKE. probability have been weighted and included in the
calculation of ECL.
a. Kerangka manajemen risiko a. Risk management framework
Organisasi manajemen risiko Bank melibatkan The organization of the Bank’s risk management
pengawasan dari Dewan Komisaris dan Direksi. involves oversight from the Board of
Komite Pemantau Risiko merupakan komite risiko Commissioners and the Board of Directors. The
tertinggi di tingkat Dewan Komisaris yang Risk Oversight Committee is a highest risk
bertanggung jawab untuk memberikan pengawasan committee at the Board of Commissioners’ level
atas pelaksanaan strategi dan kebijakan manajemen who are responsible to oversight the
risiko serta mengevaluasi pelaksanaan tugas Komite implementation of risk management strategies and
Manajemen Risiko dan satuan kerja manajemen policies and evaluate implementation of duties of
risiko Bank dan Entitas Anak. the Risk Management Committee and risk
management working unit in the Bank and
Subsidiary.
Dewan Komisaris mendelegasikan wewenang The Board of Commissioners delegate authority to
kepada Direksi untuk mengimplementasikan strategi the Board of Directors to implement the risk
manajemen risiko. Komite Manajemen Risiko management strategy. The Risk Management
dibentuk pada tingkat Direksi dan bertanggungjawab Committee is established at the Board of Directors’
untuk memberikan rekomendasi kepada Direktur level and is responsible in providing
Utama dalam mengembangkan strategi dan recommendation to the President Director for
kebijakan manajemen risiko, mengelola risiko secara developing the risk management strategy and
keseluruhan di Bank dan Entitas Anak, serta policy, managing overall risk in the Bank and
perbaikan atas pelaksanaan strategi, kebijakan dan Subsidiary, and improving the implementation of
evaluasi atas permasalahan risiko yang signifikan. strategies, policies and evaluating significant risk
Komite Manajemen Risiko diketuai oleh Direktur issues. The Risk Management Committee is
Utama. chaired by the President Director.
LAMPIRAN – 5/151 – SCHEDULE
718 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 721
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
a. Kerangka manajemen risiko (lanjutan) a. Risk management framework (continued)
Selain itu, sejalan dengan ketentuan OJK perihal In addition, in line with the OJK Regulation on
Manajemen Risiko Terintegrasi untuk Konglomerasi Integrated Risk Management of Financial
Keuangan, Bank juga telah membentuk Komite Conglomeration, the Bank established an Integrated
Manajemen Risiko Terintegrasi yang diketuai oleh Risk Management Committee which is chaired by the
Direktur Manajemen Risiko dan anggotanya terdiri Risk Management Director and the members consist
dari beberapa Direktur Entitas Utama, Direktur yang of several Directors of the Main Entity, Director who
mewakili Entitas Anak dan Perusahaan Terelasi represents Subsidiary and Sister Company and
serta Pejabat Eksekutif terkait yang ditunjuk. Fungsi nominated Executive Officers. The main function of
utama Komite Manajemen Risiko Terintegrasi adalah Integrated Risk Management Committee is to provide
memberikan rekomendasi kepada Direksi Bank recommendation to the Bank’s Board of Directors as
sebagai Entitas Utama terkait dengan penyusunan, Main Entity regarding the preparation, improvement
perbaikan atau penyempurnaan Kebijakan or enhancement of the Integrated Risk Management
Manajemen Risiko Terintegrasi berdasarkan hasil Policy based on the evaluation of the implementation,
evaluasi pelaksanaan, evaluasi atas efektivitas evaluation of the effectiveness of the implementation
penerapan kebijakan, kerangka dan pedoman of integrated risk management policies, frameworks
manajemen risiko terintegrasi, dan penilaian risiko and guidelines, and assessment of key risks in the
utama yang ada di entitas dan seluruh entitas dalam entities and across entities within Financial
Konglomerasi Keuangan beserta formulasi strategi Conglomeration including the formulation of
untuk mengatasi isu risiko yang ada dan yang strategies to deal with existing and emerging risk
diperkirakan akan terjadi. issues.
Sejalan dengan peraturan OJK dan praktik di industri In line with OJK Regulation and industry best
perbankan, Bank telah membentuk unit kerja practices, the Bank has established Risk
Manajemen Risiko yang independen dari risk taking unit Management working unit which is independent from
dan unit kerja yang melaksanakan fungsi pengendalian risk taking units and working unit which performs
intern. Unit kerja Manajemen Risiko merupakan suatu internal control function. Risk Management working
fungsi manajemen risiko yang menggabungkan risiko unit is a risk management function that combine
kredit, pasar, likuiditas (termasuk permodelan risiko) credit, market, liquidity (include risk modelling) and
dan operasional, (termasuk risiko teknologi informasi, operational risks (include the risk related to
dan keamanan informasi & data dibawah satu payung). information technology, and information & data
Unit kerja ini dipimpin oleh Direktur Manajemen Risiko security under one umbrella). This working unit is led
dan didukung penuh oleh para manajer risiko yang by the Risk Management Director and fully supported
berpengalaman. with experienced risk managers.
LAMPIRAN – 5/152 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 719
Page 722
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
a. Kerangka manajemen risiko (lanjutan) a. Risk management framework (continued)
Prinsip pengelolaan risiko oleh Bank dilakukan secara The Bank’s risk management principles are
proaktif untuk mendukung tercapainya pertumbuhan implemented proactively to support achieving
yang berkelanjutan. Oleh karenanya, Bank telah sustainable growth. Therefore, the Bank has risk
memiliki kebijakan manajemen risiko yang sesuai management policy which is in line with OJK
dengan Peraturan OJK. Bank telah melakukan kaji regulation. The Bank has reviewed the risk
ulang atas kebijakan manajemen risiko. Dengan management policy. Considering the new structure of
mempertimbangkan struktur Konglomerasi Keuangan Financial Conglomeration where it consist of vertical
yang baru dimana terdiri dari hubungan vertikal dan and horizontal relationship, then the risk management
horizontal, maka kebijakan manajemen risiko untuk policy for the Bank and financial conglomeration is
Bank dan konglomerasi keuangan dibedakan menjadi separated into 2 documents i.e. Risk Management
2 dokumen, yaitu Kebijakan Manajemen Risiko Bank Policy of Bank and Consolidated which include the
dan Konsolidasi yang mencakup kerangka kerja dan framework and implementation of individual and
penerapan manajemen risiko secara individu dan consolidated risk management for Bank and
konsolidasi bagi Bank dan Entitas Anak dan Kebijakan Subsidiary, and Integrated Risk Management Policy
Manajemen Risiko Terintegrasi Konglomerasi of MUFG Group Financial Conglomeration which
Keuangan Grup MUFG yang mencakup kerangka kerja include the framework and implementation of
dan penerapan manajemen risiko terintegrasi bagi integrated risk management for Financial
Konglomerasi Keuangan. Bank juga memiliki berbagai Conglomeration. The Bank also has various risk
kebijakan dan prosedur manajemen risiko untuk management policies and procedure to identify and
mengidentifikasi dan menganalisa risiko yang dihadapi analyze the risks faced by the Bank, to set
Bank, menetapkan limit risiko dan pengendalian yang appropriate risk limits and controls, and to monitor
sesuai, serta memonitor risiko dan kepatuhan terhadap risks and adherence to limits. These various risk
limit. Berbagai kebijakan dan prosedur tersebut ini dikaji management policies and procedures are reviewed
ulang secara berkala untuk mencerminkan perubahan regularly to reflect changes in market conditions,
dalam kondisi pasar, produk, dan jasa yang ditawarkan. products and services offered.
Untuk meningkatkan kesadaran risiko di kalangan To improve risk awareness among employee, Risk
karyawan, unit kerja Manajemen Risiko telah Management working unit has established Risk
mengembangkan Akademi Manajemen Risiko. Management Academy. The syllabus consists of
Silabusnya terdiri dari pelatihan mengenai Manajemen general Risk Management training as well as for each
Risiko secara umum maupun untuk per masing-masing type of risk. Training will be performed through
tipe risiko. Pelatihan akan dilaksanakan secara fisik physical or online classroom and e-learning.
atau virtual dan melalui e-learning.
Dalam rangka memenuhi Peraturan OJK In order to comply with OJK’s Regulation
No.14/POJK.03/2017, Bank telah membuat dan No.14/POJK.03/2017, the Bank has developed and
melakukan kaji ulang tahunan atas Rencana Aksi reviewed Recovery Plan on annual basis in which the
(“Recovery Plan”) dan dalam hal ini Bank telah Bank has set various recovery options that are
menetapkan berbagai opsi pemulihan yang telah dinilai assessed in terms of feasibility, credibility,
dalam hal kelayakan, kredibilitas, kerangka waktu implementation timeframe and effectiveness in order
implementasi dan efektivitas guna mempertahankan to ensure that the Bank able to survive in facing a
Bank dalam menghadapi serangkaian skenario stress range of severe but plausible stress scenarios.
parah yang mungkin terjadi.
Sesuai dengan POJK No.51/POJK.03/2017 tentang According to POJK No.51/POJK.03/2017 regarding
Penerapan Keuangan Berkelanjutan Bagi Lembaga Implementation of Sustainable Finance for Financial
Jasa Keuangan, Emiten, dan Perusahaan Publik yang Service Institution, Issuers, and Public Company
dikeluarkan pada tahun 2017, Bank issued in 2017, the Bank has implemented the
mengimplementasikan Keuangan Berkelanjutan sejak Sustainable Finance since 1 January 2019.
1 Januari 2019.
LAMPIRAN – 5/153 – SCHEDULE
720 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 723
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit b. Credit risk
Risiko Kredit adalah risiko kerugian akibat kegagalan Credit risk is the risk due to failure of other parties to
pihak lain dalam memenuhi kewajibannya kepada meet its obligation to the Bank and/or Subsidiary,
Bank dan/atau Entitas Anak, termasuk risiko kredit including credit risk due to debtor failure, credit
akibat kegagalan debitur, terkonsentrasinya concentration risk, counterparty credit risk, settlement
penyediaan dana (risiko konsentrasi kredit), kegagalan risk and country risk. Credit risk exposure at the Bank
pihak lawan (counterparty credit risk), kegagalan primarily arises from lending activities as well as other
settlement (settlement risk), dan country risk. Eksposur activities such as trade finance, treasury and
risiko kredit pada Bank terutama muncul dari kegiatan investment. The objective of credit risk management
perkreditan maupun aktivitas lainnya seperti is to control and manage credit risk exposures within
pembiayaan perdagangan (trade finance), tresuri dan acceptable limits in accordance to risk appetite, while
investasi. Tujuan dari pengelolaan risiko kredit adalah optimizing the risk adjusted returns.
untuk mengendalikan dan mengelola eksposur risiko
kredit dalam batasan yang dapat diterima, sekaligus
memaksimalkan risk adjusted returns.
Risiko kredit dikelola melalui penetapan kebijakan- Credit risk is managed through established policies
kebijakan dan proses-proses yang meliputi kriteria and processes covering credit acceptance criteria,
pemberian kredit, credit origination, persetujuan kredit, credit origination, approval, pricing, monitoring,
penetapan pricing, pemantauan, pengelolaan kredit problem loan management and portfolio
bermasalah dan manajemen portofolio. management.
Bank memiliki Kebijakan Risiko Kredit yang merupakan The Bank has a Credit Risk Policy which is the core
kebijakan inti dan kerangka acuan utama dalam policy and main reference framework for the
penerapan pengelolaan risiko kredit. Kebijakan ini, implementation of credit risk management. This
bersama dengan panduan risiko kredit, mengatur policy, together with credit risk guidelines, regulate a
proses pengelolaan risiko secara komprehensif. comprehensive risk management process. All credit
Seluruh kebijakan dan panduan risiko kredit ditinjau risk policies and guidelines are reviewed periodically
secara berkala untuk menyesuaikan dengan peraturan to comply with prevailing regulations and adjust to the
yang berlaku serta dengan tingkat risk appetite. Bank risk appetite level.
Bank juga memantau perkembangan portofolio kredit The Bank also closely monitors the performance of its
yang memungkinkan untuk melakukan tindakan loan portfolios, that enable to initiate preventive
pencegahan secara tepat waktu apabila terjadi actions in a timely manner when deterioration is
penurunan kualitas kredit. observed in credit quality.
Kelayakan kredit setiap nasabah dievaluasi untuk The creditworthiness of every debtor is evaluated to
menetapkan batasan kredit yang sesuai. Batas kredit determine appropriate credit limits. Credit limits is set
ditetapkan sesuai dengan maksimum eksposur yang based on the maximum credit exposures the Bank is
bersedia ditanggung oleh Bank untuk jangka waktu willing to absorb over specified period. Credit limits
tertentu. Batas kredit juga ditetapkan untuk industri, dan are also established for industries, and products to
produk untuk memastikan diversifikasi risiko kredit yang ensure broad diversification of credit risk and to avoid
luas dan menghindari terjadinya ketidakseimbangan excessive concentration.
konsentrasi.
Bank telah membuat Internal Rating atau Scorecard The Bank has established an Internal Rating or
untuk debitur dan dipetakan ke dalam Danamon Rating Scorecard for its debtors and is mapped to
Scale (DRS), untuk diaplikasikan di semua lini bisnis Danamon’s Rating Scale (DRS) which is applied in all
(portofolio enterprise banking dan retail), kecuali lines of business (Enterprise Banking and retail
portofolio syariah, yang digunakan untuk proses kredit, portfolio), except for sharia portfolio, and is used for
manajemen portfolio dan basis perhitungan Kerugian credit process, portfolio management and the basis
Kredit Ekspektasian (KKE) sesuai prinsip-prinsip PSAK for Expected Credit Loss (ECL) calculation in
71. accordance with the PSAK 71 principles.
LAMPIRAN – 5/154 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 721
Page 724
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
Agunan Collateral
Bank menerapkan kebijakan untuk memitigasi risiko The Bank employs policies to mitigate credit risk,
kredit, antara lain dengan meminta agunan sebagai including requiring collateral to secure the repayment
jaminan pelunasan kredit. Jenis agunan yang dapat of loan. The collaterals types that can be accepted by
diterima Bank antara lain adalah uang tunai (termasuk the Bank include: cash (including deposits from
simpanan dari nasabah), obligasi negara, tanah customers), government bonds, land and/or building,
dan/atau bangunan, Standby LC/bank garansi yang Standby LC/bank guarantee received by the Bank,
diterima Bank, mesin, kendaraan bermotor, piutang machinery, vehicle, trade receivable, inventory,
dagang, bahan baku/barang dagangan (persediaan), shares or other marketable securities. Estimates of
saham atau surat berharga lainnya. Perkiraan nilai fair value of collateral held by the Bank is based on
wajar dari agunan yang digunakan oleh Bank the value of collateral assessed by internal or external
didasarkan pada nilai pasar wajar oleh penilai internal appraisers.
atau penilai eksternal.
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk
Untuk aset keuangan yang diakui di laporan posisi For financial assets recognized on the
keuangan konsolidasian, eksposur maksimum statement of consolidated financial position, the
terhadap risiko kredit sama dengan nilai maximum exposure to credit risk equals their
tercatatnya. Untuk liabilitas kontinjensi, eksposur carrying amount. For contingent liabilities, the
maksimum terhadap risiko kredit adalah nilai maximum exposure to credit risk is the
maksimum yang harus Bank bayarkan dalam hal maximum amount that the Bank would have to
timbul kewajiban atas instrumen yang diterbitkan. pay if the obligations of the instruments issued
are called upon.
Untuk kredit komitmen, eksposur maksimum For committed credit, the maximum exposure to
terhadap risiko kredit adalah sebesar jumlah credit risk is the full amount of the un-drawn
fasilitas yang belum ditarik dari nilai penuh fasilitas committed credit facilities granted to customers.
kredit yang telah disepakati (committed) kepada
nasabah.
LAMPIRAN – 5/155 – SCHEDULE
722 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 725
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk (continued)
(lanjutan)
Tabel berikut menyajikan eksposur maksimum The following table presents the Bank’s maximum
terhadap risiko kredit Bank atas instrumen exposure to credit risk on financial instruments in its
keuangan pada laporan posisi keuangan statements of consolidated financial position and
konsolidasian dan komitmen dan kontinjensi commitments and contingencies (administrative
(rekening administratif), tanpa memperhitungkan accounts), without taking into account any collateral
agunan yang dimiliki atau jaminan kredit lainnya. held or other credit enhancement.
2023 2022
Laporan Posisi Keuangan Consolidated Statements of
Konsolidasian: Financial Position:
Giro pada Bank Indonesia 5.034.595 6.917.873 Current accounts with Bank Indonesia
Giro pada Bank lain - neto 2.134.131 2.250.653 Current accounts with other Banks - net
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia - neto 9.031.700 7.732.801 and Bank Indonesia - net
Efek-efek - neto Marketable securities - net
Nilai wajar melalui laba rugi 314.276 5.163 Fair value through profit or loss
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain 1.901.910 1.800.349 comprehensive income
Biaya perolehan diamortisasi 1.044.484 1.121.615 Amortized cost
Efek yang dibeli dengan janji Securities purchased under
dijual kembali 2.384.446 5.864.755 resale agreements
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 526.307 128.281 Fair value through profit or loss
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain 15.792.101 18.657.229 comprehensive income
Tagihan derivatif 271.966 429.782 Derivative receivables
Pinjaman yang diberikan - neto 136.313.607 114.599.143 Loans - net
Piutang pembiayaan konsumen - neto 26.200.692 21.238.078 Consumer financing receivables - net
Piutang sewa pembiayaan - neto 1.444.300 918.005 Finance lease receivables -net
Tagihan akseptasi - neto 1.537.763 1.232.273 Acceptance receivables - net
Investasi dalam saham 467.413 82.078 Investment in shares
Investasi pada entitas asosiasi 957.158 959.239 Investment in associate
Aset lain-lain - neto 2.251.075 868.991 Other assets - net
Total 207.607.924 184.806.308 Total
Komitmen dan Kontinjensi: Commitments and Contingencies:
Fasilitas kredit kepada debitur
yang belum digunakan 4.922.801 254.853 Unused loan facilities
Irrevocable Letters of Credit Outstanding irrevocable
yang masih berjalan 852.894 1.068.247 Letters of Credit
Garansi yang diterbitkan 7.448.178 6.709.537 Guarantees issued
13.223.873 8.032.637
Jumlah 220.831.797 192.838.945 Total
LAMPIRAN – 5/156 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 723
Page 726
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk (continued)
(lanjutan)
Nilai wajar agunan Fair value of collateral
Bank memiliki agunan terhadap pinjaman yang The Bank holds collaterals against loans in the
diberikan dalam bentuk agunan tunai, aset tetap, form of cash collaterals, fixed assets and others.
dan lain-lain.
Estimasi nilai terendah dari nilai wajar agunan dan Lower estimate of the collateral fair value and
jumlah tercatat dari aset keuangan pada tanggal carrying amounts of the financial assets as of the
pelaporan ditampilkan seperti di bawah ini. reporting date is shown below.
Agunan terhadap pinjaman yang diberikan Collateral of loans
2023 2022
Agunan Tunai 3.093.867 2.325.117 Cash Collateral
Aset Tetap 44.266.234 35.220.078 Fixed Assets
Lain-lain 16.095.740 11.400.352 Others
Jumlah 63.455.841 48.945.547 Total
ii. Analisis risiko konsentrasi kredit ii. Concentration of credit risk analysis
Risiko konsentrasi kredit timbul ketika sejumlah Concentrations of credit risk arise when a number
nasabah bergerak dalam aktivitas usaha yang of customers are engaged in similar business
sejenis atau memiliki kegiatan usaha dalam wilayah activities or activities within the same geographic
geografis yang sama, atau memiliki karakteristik region, or when they have similar characteristics.
yang sejenis.
Bank mendorong adanya diversifikasi dari portofolio The Bank encourages the diversification of its
kreditnya pada berbagai wilayah geografis, sektor credit portfolio among a variety of geographic
industri, produk kredit, individual obligor, areas, industries, credit products, individual
mencerminkan profil risiko yang seimbang dan obligors, reflecting a well-balanced and healthy
sehat, dan untuk fokus pada upaya pemasaran risk profile, and to focus marketing efforts toward
terhadap industri dan nasabah yang potensial untuk potential industries and customers in order to
meminimalisir risiko kredit. Bank telah menetapkan minimize the credit risk. The Bank has set its
limit konsentrasi industri yang ditentukan industry concentration limit based on industry risk
berdasarkan tingkat risiko sektor industri, proyeksi level, projection of loan growth and availability of
pertumbuhan kredit dan juga ketersediaan modal. capital.
Diversifikasi portofolio kredit didasarkan rencana The extent of diversification is based on the
strategi Bank, sektor target, kondisi ekonomi saat Bank’s strategic plan, target sectors, current
ini, kebijakan pemerintah, sumber pendanaan, dan economic conditions, government policy, funding
proyeksi pertumbuhan. Konsentrasi pinjaman yang sources and growth projections. Concentration of
diberikan berdasarkan jenis kredit, mata uang, credit risk of loans receivable by type of loans,
sektor ekonomi, dan wilayah geografis currency, economic sector, and geographic
diungkapkan pada Catatan 11. region is disclosed in Note 11.
LAMPIRAN – 5/157 – SCHEDULE
724 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 727
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
ii. Analisis risiko konsentrasi kredit (lanjutan) ii. Concentration of credit risk analysis (continued)
Tabel di bawah ini menyajikan informasi aset The following table presents the financial assets
keuangan pada tanggal 31 Desember 2023 dan as of 31 December 2023 and 2022 based on
2022 berdasarkan tingkat risiko: risk rate:
2023
Konvensional/Conventional
Grade 26-28:
kredit
Grade 1-22: Bermasalah/ Kerugian
risiko yang Grade 23-25: Grade 26-28: kredit
dapat diterima/ risiko tinggi/ non- Tidak ekspektasian/
Grade 1-22: Grade 23-25: performing Syariah/ dirating/ Expected Jumlah/
acceptable risk high risk loan Sharia Un-rating credit losses Total
Giro pada BI - - - - 5.034.595 - 5.034.595 Current accounts with BI
Current accounts with other
Giro pada Bank lain 2.134.286 - - - - (155) 2.134.131 Banks
Penempatan pada Placements with other
Bank lain dan BI 9.031.700 - - - - - 9.031.700 Banks and BI
Efek-efek 3.615.319 - - - - (354.649) 3.260.670 Marketable securities
Efek yang dibeli
dengan janji Securities purchased
dijual kembali 2.384.446 - - - - - 2.384.446 under resale agreements
Obligasi Pemerintah - - - - 16.318.408 - 16.318.408 Government Bonds
Tagihan derivatif 271.966 - - - - - 271.966 Derivative receivables
Pinjaman yang
diberikan 121.313.492 8.075.812 3.078.835 11.182.742 - (7.337.274) 136.313.607 Loans
Piutang pembiayaan Consumer financing
konsumen 17.635.606 3.826.143 489.471 5.812.170 - (1.562.698) 26.200.692 receivables
Piutang sewa
pembiayaan 969.339 289.883 4.141 241.707 - (60.770) 1.444.300 Finance lease receivables
Tagihan akseptasi 1.540.622 - - - - (2.859) 1.537.763 Acceptance receivables
Investasi dalam
saham - - - - 467.413 - 467.413 Investments in shares
Investasi pada entitas
asosiasi - - - - 957.158 - 957.158 Investments in associate
Aset lain-lain - - - - 2.279.892 (28.817) 2.251.075 Other assets
158.896.776 12.191.838 3.572.447 17.236.619 25.057.466 (9.347.222) 207.607.924
LAMPIRAN – 5/158 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 725
Page 728
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
ii. Analisis risiko konsentrasi kredit (lanjutan) ii. Concentration of credit risk analysis (continued)
2022
Konvensional/Conventional
Grade 26-28:
kredit
Grade 1-22: Bermasalah/ Kerugian
risiko yang Grade 23-25: Grade 26-28: kredit
dapat diterima/ risiko tinggi/ non- Tidak ekspektasian/
Grade 1-22: Grade 23-25: performing Syariah/ dirating/ Expected Jumlah/
acceptable risk high risk loan Sharia Un-rating credit losses Total
Giro pada BI - - - - 6.917.873 - 6.917.873 Current accounts with BI
Current accounts with other
Giro pada Bank lain 2.250.886 - - - - (233) 2.250.653 Banks
Penempatan pada Placements with other
Bank lain dan BI 7.732.801 - - - - - 7.732.801 Banks and BI
Efek-efek 2.963.973 - - - - (36.846) 2.927.127 Marketable securities
Efek yang dibeli
dengan janji Securities purchased
dijual kembali 5.864.755 - - - - - 5.864.755 under resale agreements
Obligasi Pemerintah - - - - 18.785.510 - 18.785.510 Government Bonds
Tagihan derivatif 429.782 - - - - - 429.782 Derivative receivables
Pinjaman yang
diberikan 100.827.984 8.122.789 3.098.900 9.206.472 - (6.657.002) 114.599.143 Loans
Piutang pembiayaan Consumer financing
konsumen 14.853.638 3.292.106 311.435 4.221.217 - (1.440.318) 21.238.078 receivables
Piutang sewa
pembiayaan 791.598 92.564 430 80.861 - (47.448) 918.005 Finance lease receivables
Tagihan akseptasi 1.236.386 - - - - (4.113) 1.232.273 Acceptance receivables
Investasi dalam
saham - - - - 82.078 - 82.078 Investments in shares
Investasi pada entitas
asosiasi - - - - 959.239 - 959.239 Investments in associate
Aset lain-lain - - - - 896.142 (27.151) 868.991 Other assets
136.951.803 11.507.459 3.410.765 13.508.550 27.640.842 (8.213.111) 184.806.308
LAMPIRAN – 5/159 – SCHEDULE
726 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 729
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
iii. Stress testing iii. Stress testing
Stress testing adalah metode pengukuran risiko Stress testing is a method of risk measurement
dengan memperkirakan potensi kerugian which estimates the potential economic loss to
ekonomi Bank berdasarkan kondisi pasar the Bank under abnormal market conditions in
abnormal untuk memastikan sensitivitas kinerja order to ascertain the sensitivity of the Bank’s
Bank terhadap perubahan faktor risiko dan performance to changes in risk factors and to
mengidentifikasi faktor yang mempengaruhi dan identify influencing factors that significantly
berdampak kepada pendapatan dan modal Bank impact the Bank’s revenue and capital. The
secara signifikan. Bank melaksanakan stress Bank conducts credit stress testing at least
testing kredit setidaknya setiap tahun sebagai annually as a part of ICAAP stress testing or
bagian dari ICAAP stress testing atau lebih sering more often when there is an occurrence of
ketika timbul kejadian peristiwa atau kejadian events that have a significant negative impact
yang memiliki dampak negatif yang signifikan to the Bank’s credit portfolio. Scenarios for
terhadap portofolio kredit Bank. Skenario untuk annual stress testing are defined based on the
stress testing tahunan dibuat berdasarkan severity of macroeconomic factors (e.g. GDP,
severity faktor-faktor ekonomi makro (contoh: inflation, IDR/USD, etc). In addition to the
GDP, inflasi, IDR/USD, dll). Selain skenario yang determined scenarios based on observed
dibuat berdasarkan kejadian historis yang historical events, hypothetical adverse events
diamati, Bank juga mempertimbangkan kejadian and their impact are also considered by the
yang berdampak buruk secara hipotesis dan Bank. The Bank also conducts a Thematic
dampaknya. Bank juga melakukan Thematic credit stress test once a year (e.g COVID-19) to
stress test kredit secara tahunan (seperti COVID- assess the impact to the quality of loan
19) untuk menilai dampak terhadap kualitas portfolio, incremental credit losses and
portofolio kredit, peningkatan kerugian kredit dan adequacy of capital.
kecukupan permodalan.
LAMPIRAN – 5/160 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 727
Page 730
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
iv. Konsentrasi berdasarkan jenis debitur iv. Concentration by type of debtors
Tabel berikut menyajikan konsentrasi aset The following table presents the concentration
keuangan dan komitmen dan kontinjensi of financial assets and commitments and
(rekening administratif) berdasarkan jenis debitur: contingencies (administrative accounts) by
type of debtors:
2023
Pemerintah
dan Bank
Indonesia/
Government
Korporasi/ and Bank Bank-Bank/ Jumlah/
Corporate Indonesia Banks Retail/ Retail Total
Giro pada BI - neto - 5.034.595 - - 5.034.595 Current accounts with BI - net
Current accounts with other
Giro pada Bank lain - neto - - 2.134.131 - 2.134.131 Banks - net
Penempatan pada Bank Placements with other
lain dan BI - neto - 9.031.700 - - 9.031.700 Banks and BI - net
Efek-efek - neto 2.033.576 615.524 611.570 - 3.260.670 Marketable securities - net
Efek yang dibeli dengan Securities purchased under
janji dijual kembali - 2.384.446 - - 2.384.446 resale agreements
Obligasi Pemerintah - 16.318.408 - - 16.318.408 Government Bonds
Tagihan derivatif 57.946 7.778 206.242 - 271.966 Derivative receivables
Pinjaman yang diberikan -
neto 56.276.575 923.075 10.265.357 68.848.600 136.313.607 Loans - net
Piutang pembiayaan Consumer financing
konsumen - neto 1.054.375 - - 25.146.317 26.200.692 receivables - net
Piutang sewa Finance lease
pembiayaan - neto 995.267 - - 449.033 1.444.300 receivables - net
Tagihan akseptasi - neto 1.035.033 - 502.730 - 1.537.763 Acceptance receivables - net
Investasi dalam saham 386.360 - 79.698 1.355 467.413 Investments in shares
Investasi pada entitas
asosiasi 957.158 - - - 957.158 Investments in associate
Aset lain-lain - neto 565.083 898.346 303.925 483.721 2.251.075 Other assets - net
Commitments and
Komitmen dan kontinjensi 10.469.971 1.075.000 471.614 1.207.288 13.223.873 contingencies
Jumlah 73.831.344 36.288.872 14.575.267 96.136.314 220.831.797 Total
% 33% 16% 7% 44% 100% %
LAMPIRAN – 5/161 – SCHEDULE
728 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 731
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
iv. Konsentrasi berdasarkan jenis debitur (lanjutan) iv. Concentration by type of debtors (continued)
2022
Pemerintah
dan Bank
Indonesia/
Government
Korporasi/ and Bank Bank-Bank/ Jumlah/
Corporate Indonesia Banks Retail/ Retail Total
Giro pada BI - neto - 6.917.873 - - 6.917.873 Current accounts with BI - net
Current accounts with other
Giro pada Bank lain - neto - - 2.250.653 - 2.250.653 Banks - net
Penempatan pada Bank Placements with other
lain dan BI - neto - 7.732.801 - - 7.732.801 Banks and BI - net
Efek-efek - neto 2.188.975 - 738.152 - 2.927.127 Marketable securities - net
Efek yang dibeli dengan Securities purchased under
janji dijual kembali - 5.864.755 - - 5.864.755 resale agreements
Obligasi Pemerintah - 18.785.510 - - 18.785.510 Government Bonds
Tagihan derivatif 45.731 61.319 322.732 - 429.782 Derivative receivables
Pinjaman yang diberikan -
neto 64.201.917 9.544.879 7.542.008 33.310.339 114.599.143 Loans - net
Piutang pembiayaan Consumer financing
konsumen - neto 847.834 - - 20.390.244 21.238.078 receivables - net
Piutang sewa Finance lease
pembiayaan - neto 730.061 - - 187.944 918.005 receivables - net
Tagihan akseptasi - neto 743.302 - 488.971 - 1.232.273 Acceptance receivables - net
Investasi dalam saham 2.380 - 79.698 - 82.078 Investments in shares
Investasi pada entitas
asosiasi 959.239 - - - 959.239 Investments in associate
Aset lain-lain - neto 470.857 56.629 105.495 236.010 868.991 Other assets - net
Commitments and
Komitmen dan kontinjensi 7.320.115 - 487.137 225.385 8.032.637 contingencies
Jumlah 77.510.411 48.963.766 12.014.846 54.349.922 192.838.945 Total
% 40% 25% 6% 28% 100% %
LAMPIRAN – 5/162 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 729
Page 732
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
v. Saling hapus atas aset keuangan dan liabilitas v. Offsetting of financial assets and financial
keuangan liabilities
Aset keuangan dan liabilitas keuangan yang Financial assets and financial liabilities subject
dapat saling hapus sesuai dengan perjanjian to offsetting under enforceable master netting
induk untuk penyelesaian secara neto (master agreements or similar agreements as of
netting agreements) atau perjanjian serupa pada 31 Desember 2023 and 2022 are as follows:
tanggal-tanggal 31 Desember 2023 dan
2022 adalah sebagai berikut:
2023
Jumlah Jumlah yang tidak di saling
bruto diakui hapus pada laporan posisi
Jumlah saling Jumlah neto keuangan/ Amount not offset
bruto aset/ hapus disajikan in the statement of financial
liabilitas dalam dalam position
keuangan laporan laporan Jaminan
yang diakui/ posisi posisi keuangan
Gross keuangan/ keuangan/ yang di
amount of Gross Amount terima/
recognized amount presented in dijaminkan/
financial offset in the the Instrumen Financial Jumlah
assets/ statement statement of keuangan/ collateral neto/
financial of financial financial Financial received/ Net
liabilities position position instruments pledged amount
Aset Keuangan Financial Assets
Tagihan derivatif 271.966 - 271.966 (157.174) - 114.792 Derivative assets
Liabilitas
Keuangan Financial Liabilities
Liabilitas derivatif 325.956 - 325.956 (157.174) - 168.782 Derivative liabilities
2022
Jumlah Jumlah yang tidak di saling
bruto diakui hapus pada laporan posisi
Jumlah saling Jumlah neto keuangan/ Amount not offset
bruto aset/ hapus disajikan in the statement of financial
liabilitas dalam dalam position
keuangan laporan laporan Jaminan
yang diakui/ posisi posisi keuangan
Gross keuangan/ keuangan/ yang di
amount of Gross Amount terima/
recognized amount presented in dijaminkan/
financial offset in the the Instrumen Financial Jumlah
assets/ statement statement of keuangan/ collateral neto/
financial of financial financial Financial received/ Net
liabilities position position instruments pledged amount
Aset Keuangan Financial Assets
Tagihan derivatif 429.782 - 429.782 (99.031) - 330.751 Derivative assets
Liabilitas
Keuangan Financial Liabilities
Liabilitas derivatif 248.801 - 248.801 (99.031) - 149.770 Derivative liabilities
LAMPIRAN – 5/163 – SCHEDULE
730 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 733
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
Penerapan PSAK71 PSAK71 Implementation
Bank telah menerapkan perhitungan Kerugian Kredit The Bank has applied the Expected Credit Loss
Ekspektasian (KKE) mengacu pada prinsip-prinsip (ECL) calculation, referring to the principles of
PSAK71 sesuai ketentuan regulator, dimana PSAK71 in accordance to regulator provision, which
menghitung pencadangan KKE secara forward calculates ECL provisioning in forward looking
looking. Bank menggunakan 2 (dua) Metode approach. The Bank uses 2 (two) ECL calculation
Perhitungan KKE, yaitu: methods, as follows:
1) Perhitungan secara Kolektif, yaitu perhitungan 1) Collective calculation, is ECL calculation in
KKE secara portofolio untuk lini bisnis portfolio base for retail/consumer/mass-
retail/consumer/mass-market/auto-finance dan market/auto-finance business lines and some
sebagian portofolio besar. Pada metode ini, Bank large exposure portfolios. In this method,
menggunakan Internal Rating/Scorecard sebagai Bank uses the Internal Rating/Scorecard as
basis dalam penentuan model PD (probability the basis for the of the PD (probability default)
default) untuk masing-masing debitur. Serta Model model for each debtor. Also the LGD/LGD
LGD/LGD Pool mempertimbangkan salah satu Pool Model considers one of components i.e.,
komponennya yaitu, nilai agunan yang diakui recognized collateral value and recovery
berserta pembayaran recovery. Sedangkan EAD payment. While EAD (Exposure at Default) is
(Exposure at Default) merupakan posisi semua including all assets On & Off Balance sheet.
aset On & Off Balance sheet.
2) Perhitungan secara Individu, untuk portofolio besar 2) Individual calculations, for large exposure
dengan kondisi yang mengalami penurunan nilai portfolios with impaired conditions and
dan eksposur diatas Rp10 miliar. Perhitungan ini exposures above Rp10 billion. This
menggunakan pendekatan DCF (Discounted Cash calculation uses the DCF (Discounted Cash
Flow) atau pendekatan agunan (Collateral) yang Flow) or Collateral approach which is
dihitung secara individu. calculated in individual level.
Sesuai prinsip-prinsip PSAK71, Bank juga menetapkan In accordance with PSAK71 principles, the Bank
kriteria Tahap 1 untuk debitur-debitur dengan kualitas also defines Stage-1 criteria for debtors with good
portofolio yang baik. Tahap 2 untuk debitur-debitur yang portfolio quality. Stage-2 for debtors under
mengalami kondisi peningkatan Risiko Kredit yang Significant Increase in Credit Risk (SICR)
Signifikan (SICR) dan Tahap 3 untuk debitur-debitur condition and Stage-3 for defaulted debtors with
yang menunggak/default dengan kolektabilitas 3,4,5 collectability 3,4,5 or impaired.
atau mengalami penurunan nilai.
MEV (Macroeconomic Variables), merupakan salah MEV (Macroeconomic Variables), is one of the
satu parameter/komponen pada perhitungan KKE parameters/components for ECL in Forward
secara pendekatan Forward Looking. Bank Looking approach. The Bank defines the
menetapkan variabel makro ekonomi secara berkala macroeconomic variables periodically and
dan mengkorelasikan terhadap model-model correlates to PSAK 71 models.
PSAK 71.
Sensitivitas MEV terhadap ECL Sensitivity of MEV to ECL
Perhitungan KKE bergantung pada banyak variabel, ECL relies on multiple variables, one of which is
salah satunnya adalah MEV dan juga tergantung MEV and also depends on the portfolio of each
pada portfolio masing-masing segmen. Pada segment. Basically, there is no single analysis can
dasarnya tidak ada analisis tunggal yang dapat fully demonstrate the sensitivity of ECL to
sepenuhnya menunjukkan sensitivitas KKE terhadap changes in the MEVs. The Bank believes that
perubahan dalam MEV. Bank berkeyakinan bahwa sensitivity should be performed to all variables,
sensitivitas harus dilakukan terhadap seluruh not just single variable, as this is in line with the
variabel, bukan hanya variabel tunggal, karena hal ini multi-variable nature of ECL calculations.
sejalan dengan sifat multi-variabel dari perhitungan
KKE.
LAMPIRAN – 5/164 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 731
Page 734
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
Sensitivitas MEV terhadap ECL (lanjutan) Sensitivity of MEV to ECL (continued)
Bank telah membuat Internal Rating atau Scorecard The Bank has established an Internal Rating or
untuk debitur dan dipetakan ke dalam Danamon Rating Scorecard for its borrowers and is mapped to
Scale (DRS), untuk diaplikasikan di lini bisnis (portofolio Danamon’s Rating Scale (DRS) to be applied in
enterprise banking dan retail), kecuali portofolio syariah, lines of business (enterprise banking and retail
yang digunakan untuk proses kredit, portfolio portfolio), except for sharia portfolio, that is used for
management dan basis perhitungan KKE sesuai credit process, portfolio management and the basis
prinsip-prinsip PSAK 71. for ECL calculation in accordance with the PSAK 71
principles.
c. Risiko pasar c. Market risk
Risiko pasar merupakan risiko yang timbul karena Market risk is the risk of loss arising from adverse
adanya pergerakan faktor pasar seperti suku bunga movement in market variables in portfolios held by
dan nilai tukar pada portofolio yang dimiliki oleh Bank the Bank which are defined as interest rates and
yang dapat menyebabkan kerugian bagi Bank exchange rates.
(adverse movement).
Risiko pasar terdapat pada aktivitas fungsional Bank Market risk exists at all Bank functional activities, as
termasuk level kegiatan tresuri. Aktivitas ini well as treasury business level. These include
mencakup posisi dalam bentuk surat berharga dan exposure in securities and money market, equity
pasar uang, penyertaan pada lembaga keuangan participation in other financial institutions, provisions
lainnya, penyediaan dana (pinjaman dan bentuk of funds (loans and other similar forms), funding and
sejenis lainnya), kegiatan pendanaan dan penerbitan issuance of debt instruments, and trade financing
surat utang, dan kegiatan trade finance, baik yang activities, both in On Balance Sheet and Off Balance
ada di On Balance Sheet maupun di Off Balance Sheet.
Sheet.
Komite Aset dan Liabilitas (ALCO) berperan sebagai The Assets and Liability Committee (ALCO) acts as
komite manajemen senior tertinggi untuk mengambil the apex senior management committee that in
keputusan atas kebijakan yang berkaitan dengan charge of making all policy decisions regarding
manajemen risiko pasar dan likuiditas. Pemantauan market and liquidity risk management. Market risk
dan pengendalian risiko pasar diterapkan melalui monitoring and controlling is implemented through a
kerangka limit yang secara periodik ditelaah untuk limit framework which is periodically reviewed in
mendapatkan struktur limit yang lebih sensitif. Limit order to accomplish a more sensitive limit structure.
risiko pasar ditetapkan untuk Trading dan Interest The limits are set for Trading and Interest Rate Risk
Rate Risk in the banking Book (termasuk Portofolio in the banking Book (including HTCS - Hold to
HTCS - Hold to Collect & Sell dan Derivative for Collect & Sell Portfolio and derivative for Funding &
Funding & Hedging). Hedging).
Secara keseluruhan, risiko pasar dibagi menjadi dua In overall, market risk is divided into two following
bagian sebagai berikut: risks:
i. Risiko mata uang asing i. Foreign currency risk
Risiko mata uang asing timbul dari adanya posisi Foreign exchange risks arise from on and off-
neraca dan komitmen dan kontinjensi (off- balance sheet positions both on the asset and
balance sheet) baik di sisi aset maupun liabilitas liability sides through transactions in foreign
yang timbul melalui transaksi mata uang asing. currencies.
Bank mengukur risiko nilai tukar untuk melihat The Bank measures the foreign exchange risk
dampak perubahan nilai tukar pada pendapatan to understand the impact of the exchange rate
dan modal Bank. Untuk mengelola dan movement on the Bank’s revenue and capital.
memitigasi risiko nilai tukar yang lebih hati-hati, In order to manage and mitigate the foreign
secara internal Bank telah menetapkan limit exchange risk more prudently, internally Bank
risiko nilai tukar dibawah dari ketentuan has set the foreign exchange risk limit below the
regulator (20%). regulator requirement (20%).
LAMPIRAN – 5/165 – SCHEDULE
732 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 735
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) c. Market risk (continued)
i. Risiko mata uang asing (lanjutan) i. Foreign currency risk (continued)
2023
Posisi Devisa
Liabilitas/ Neto/Net Open
Mata Uang Aset/Assets Liabilities Position Currencies
Keseluruhan Aggregate (Statement
(Laporan posisi keuangan of financial position
dan Rekening Administratif) and Off-Balance Sheet)
Offshore Yuan China 888.114 758,212 129.902 Offshore China Yuan
Yuan China 112.258 241.526 129.268 China Yuan
Singapura Dolar 658.768 670.692 11.924 Singapore Dollar
Euro Eropa 529.151 517.254 11.897 European Euro
Dolar Amerika Serikat 42.636.666 42.627.547 9.119 United States Dollar
Dolar Australia 741.151 732.836 8.315 Australian Dollar
Yen Jepang 1.246.729 1.251.735 5.006 Japanese Yen
New Zealand Dollar 18.525 14.295 4.230 New Zealand Dollar
Swiss Franc 19.811 23.940 4.129 Swiss Franc
Great Britain Pound 108.301 104.472 3.829 Great Britain Pound
Lain-lain 12.840 4.936 7.904 *) Other currencies
Jumlah 325.523 Total
Jumlah Modal Tier I dan II 35.526.634 Total Tier I and II Capital
Rasio PDN (Keseluruhan) 0,92% NOP Ratio (Aggregate)
2022
Posisi Devisa
Liabilitas/ Neto/Net Open
Mata Uang Aset/Assets Liabilities Position Currencies
Keseluruhan Aggregate (Statement
(Laporan posisi keuangan of financial position
dan Rekening Administratif) and Off-Balance Sheet)
Dolar Amerika Serikat 49.962.670 50.120.340 157.670 United States Dollar
Yuan China 89.304 193.616 104.312 China Yuan
Offshore Yuan China 184.237 92.242 91.995 Offshore China Yuan
Singapura Dolar 668.309 645.088 23.221 Singapore Dollar
Poundsterling Inggris 176.360 154.572 21.788 Great Britain Poundsterling
Euro Eropa 533.605 512.196 21.409 European Euro
Yen Jepang 231.995 221.980 10.015 Japanese Yen
Dolar Australia 651.969 646.718 5.251 Australian Dollar
Lain-lain 87.572 74.893 15.461 *) Other currencies
Jumlah 451.122 Total
Jumlah Modal Tier I dan II 33.258.464 Total Tier I and II Capital
Rasio PDN (Keseluruhan) 1,36% NOP Ratio (Aggregate)
*) Merupakan penjumlahan dari nilai absolut atas selisih aset dan liabilitas *) The sum of the absolute values of the difference between assets
di Laporan posisi keuangan untuk setiap mata uang asing ditambah and liabilities at the Statement of financial position for each
dengan selisih tagihan dan liabilitas dalam bentuk komitmen dan foreign currency and added with the difference between
kontinjensi. receivables and liabilities in the form of commitments and
contingencies.
Analisa Sensitivitas Sensitivity Analysis
Selain melakukan pemantauan terhadap rasio In addition to the NOP ratio monitoring, the Bank
PDN, Bank juga melakukan pemantauan also monitors the foreign exchange sensitivity.
sensitivitas nilai tukar mata uang asing. Bank The Bank performs simulations to illustrate the
melakukan simulasi untuk menggambarkan exposure if there are movements in the foreign
besarnya eksposur jika terjadi pergerakan nilai exchange. Sensitivity factor for foreign exchange
tukar mata uang asing. Faktor sensitivitas untuk is defined as the total amount of exposure for
nilai tukar didefinisikan sebagai jumlah total each foreign exchange given unit changes by
eksposur untuk setiap perubahan nilai tukar mata 1%.
uang asing sebesar 1%.
LAMPIRAN – 5/166 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 733
Page 736
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) c. Market risk (continued)
i. Risiko mata uang asing (lanjutan) i. Foreign currency risk (continued)
Analisa Sensitivitas (lanjutan) Sensitivity Analysis (continued)
Peningkatan 1%/ Penurunan 1%/
1% increase 1% decrease
(IDR) (IDR)
2023 2023
Potensi keuntungan/(kerugian) Potential gains/(losses) on
perubahan nilai tukar 249 (249) exchange rate change
2022 2022
Potensi (kerugian)/keuntungan Potential (losses)/gains on
perubahan nilai tukar (796) 796 exchange rate change
ii. Risiko tingkat suku bunga ii. Interest rate risk
Risiko suku bunga adalah potensi kerugian yang Interest rate risk is the probability loss that may
timbul akibat pergerakan suku bunga di pasar yang occur from adverse movement in market
berlawanan dengan posisi atau transaksi Bank interest rates vis-à-vis the Bank position or
yang mengandung risiko suku bunga. transaction.
Tabel di bawah merangkum tingkat suku bunga The table below summarizes the effective
efektif per tahun untuk Rupiah dan mata uang asing interest rate per annum for Rupiah and foreign
pada tanggal 31 Desember 2023 dan currencies as of 31 December 2023 and
2022: 2022:
2023 2022
Mata Uang Mata Uang
Asing/ Asing/
Rupiah/ Foreign Rupiah/ Foreign
Rupiah Currencies Rupiah Currencies
% % % %
ASET ASSETS
Giro pada Bank lain 0,04 1,63 0,06 1,29 Current accounts with other Banks
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia 5,19 5,37 4,39 4,08 and Bank Indonesia
Efek-efek 6,45 4,00 6,78 4,00 Marketable securities
Efek yang dibeli dengan Securities purchased under
janji dijual kembali 6,57 - 5,48 - resale agreements
Obligasi Pemerintah 6,39 4,34 6,25 3,86 Government Bonds
Pinjaman yang diberikan 8,51 6,25 7,58 5,24 Loans
Piutang pembiayaan konsumen 24,31 - 24,49 - Consumer financing receivables
Piutang sewa pembiayaan 16,99 - 16,74 - Finance lease receivables
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
- Giro 2,96 2,66 1,78 1,86 Current accounts -
- Tabungan 1,89 0,25 2,13 0,18 Savings -
- Deposito berjangka 4,94 3,41 3,30 2,51 Time deposits -
Simpanan dari Bank lain 3,41 2,31 2,38 1,86 Deposits from other Banks
Efek yang diterbitkan 6,52 - 6,79 - Securities issued
Pinjaman yang diterima 7,11 0,72 5,96 5,31 Borrowings
LAMPIRAN – 5/167 – SCHEDULE
734 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 737
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) c. Market risk (continued)
ii. Risiko tingkat suku bunga (lanjutan) ii. Interest rate risk (continued)
Sehubungan dengan telah diberhentikannya In regard with termination of the LIBOR
suku bunga acuan LIBOR oleh Financial Conduct reference interest rate by the Financial Conduct
Authority (FCA), Bank dan anak Perusahaan Authority (FCA), the Bank and its subsidiary
hingga 31 Desember 2023 tidak memiliki until 31 December 2023 have no transactions,
transaksi baik non derivatif maupun derivatif yang both non-derivatives and derivatives that use
menggunakan suku bunga LIBOR sebagai the LIBOR interest rate as a reference.
acuan.
Bank juga memantau dinamika pasar terkait The Bank also closely monitor the market
potensi penggantian suku bunga acuan JIBOR ke dynamics regarding the potential change in the
Indonesia Overnight Index Average (IndONIA), JIBOR benchmark interest rate to the Indonesia
serta terlibat secara aktif dengan regulator dan Overnight Index Average (IndONIA), and
pelaku industri untuk menanggapi hal tersebut. engages actively with regulators and industry
players to respond the condition.
Bank mengelola risiko suku bunga dengan The Bank manages its interest rate risk using
menggunakan analisa repricing gap, serta NII repricing gap analysis, as well as NII (Net
(Net Interest Income) dan EVE (Economic Value Interest Income) and EVE (Economic Value of
of Equity) sesuai dengan SEOJK Equity) in accordance to SEOJK
No.12/SEOJK.03/2018. No.12/SEOJK.03/2018.
Buku trading tetap harus dikelola melalui Trading book remains to be managed through
pengukuran terhadap posisi dan juga melalui position and more interest rate risk sensitive
pengukuran yang lebih sensitif terhadap risiko measurements such as DV01 (per bucket tenor
suku bunga seperti DV01 (per tenor bucket dan and per currency) and Stop Loss Limit.
mata uang) dan Stop Loss Limit.
LAMPIRAN – 5/168 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 735
Page 738
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) c. Market risk (continued)
ii. Risiko tingkat suku bunga (lanjutan) ii. Interest rate risk (continued)
Tabel di bawah ini menyajikan portofolio Bank The table below summarizes the Bank’s non-
(tidak termasuk portofolio yang diukur pada nilai fair value through profit or loss “FVTPL”
wajar melalui laba rugi “FVTPL”) pada nilai portfolios at carrying amounts, categorized by
tercatatnya, yang dikelompokkan menurut mana the earlier of contractual repricing or contractual
yang lebih awal antara tanggal repricing atau maturity dates:
tanggal jatuh tempo kontraktual:
2023
Suku bunga mengambang/ Suku bunga tetap/
Floating interest rate Fixed interest rate
Lebih
dari/ Kurang
Kurang dari/ More dari/Less Lebih dari/
Nilai tercatat/ Less than 3 12 - 24 than 24 than 3 12 - 24 More than
Carrying bulan/ 3 - 12 bulan/ bulan/ bulan/ bulan/ 3 - 12 bulan/ bulan/ 24 bulan/
amount months months months months months months months months
ASET ASSETS
Giro pada Bank Current accounts with Bank
Indonesia - neto 5.034.595 - - - - 5.034.595 - - - Indonesia - net
Current accounts with other
Giro pada Bank lain - neto 2.134.131 - - - - 2.134.131 - - - Banks - net
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia - neto 9.031.700 - - - - 9.031.700 - - - and Bank Indonesia - net
Efek-efek - neto 2.946.394 - - - - 1.427.635 737.379 447.153 334.227 Marketable securities - net
Efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.384.446 - - - - 1.964.799 419.647 - - resale agreements
Obligasi Pemerintah 15.792.101 - - - - 10.415 5.123.712 3.310.437 7.347.537 Government bonds
Pinjaman yang
diberikan - neto 136.313.607 48.280.992 1.509.531 20.087.707 6.597.684 23.261.349 16.317.270 10.539.079 9.719.995 Loans - net
Piutang pembiayaan Consumer financing
konsumen - neto 26.200.692 - - - - 3.669.683 8.325.191 7.872.486 6.333.332 receivables - net
Piutang sewa Finance lease
pembiayaan - neto 1.444.300 - - - - 232.316 551.838 435.946 224.200 receivables - net
Aset lain-lain - neto 2.251.075 - - - - 2.251.075 - - - Other assets - net
Jumlah 203.533.041 48.280.992 1.509.531 20.087.707 6.597.684 49.017.698 31.475.037 22.605.101 23.959.291 Total
LIABILITAS LIABILITIES
Simpanan nasabah (138.411.812) (9.456.578) (62.292.505) - - (55.188.555) (11.474.174) - - Deposits from customers
Simpanan dari Bank lain (3.031.690) - - - - (2.242.718) (98.093) (690.879) - Deposits from other Banks
Utang obligasi (5.835.456) - - - - (327.985) (2.733.945) (819.645) (1.953.881) Bonds payable
Sukuk mudharabah (859.000) - - - - (32.000) (395.170) (49.000) (382.830) Mudharabah bonds
Pinjaman yang diterima (8.320.889) - - - - (1.505.432) (3.328.308) (2.733.553) (753.596) Borrowings
Pinjaman subordinasi (25.000) - - - - - - - (25.000) Subordinated loan
Jumlah (156.483.847) (9.456.578) (62.292.505) - - (59.296.690) (18.029.690) (4.293.077) (3.115.307) Total
Pengaruh dari derivatif Effect of derivatives held
untuk manajemen risiko - (259.763) - - - 23.547 68.510 86.570 81.136 for risk management
Selisih 47.049.194 38.564.651 (60.782.974) 20.087.707 6.597.684 (10.255.445) 13.513.857 18.398.594 20.925.120 Difference
LAMPIRAN – 5/169 – SCHEDULE
736 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 739
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) c. Market risk (continued)
ii. Risiko tingkat suku bunga (lanjutan) ii. Interest rate risk (continued)
2022
Suku bunga mengambang/ Suku bunga tetap/
Floating interest rate Fixed interest rate
Lebih
dari/ Kurang
Kurang dari/ More dari/Less Lebih dari/
Nilai tercatat/ Less than 3 12 - 24 than 24 than 3 12 - 24 More than
Carrying bulan/ 3 - 12 bulan/ bulan/ bulan/ bulan/ 3 - 12 bulan/ bulan/ 24 bulan/
amount months months months months months months months months
ASET ASSETS
Giro pada Bank Current accounts with Bank
Indonesia - neto 6.917.873 - - - - 6.917.873 - - - Indonesia - net
Current accounts with other
Giro pada Bank lain - neto 2.250.653 - - - - 2.250.653 - - - Banks - net
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia - neto 7.732.801 - - - - 7.732.801 - - - and Bank Indonesia - net
Efek-efek - neto 2.921.964 - - - - 1.216.658 465.367 789.874 450.065 Marketable securities - net
Efek yang dibeli dengan Securities purchased under
janji dijual kembali 5.864.755 - - - - 5.721.684 143.071 - - resale agreements
Obligasi Pemerintah 18.657.229 - - - - 1.584.390 4.485.862 4.949.412 7.637.565 Government bonds
Pinjaman yang
diberikan - neto 114.599.143 38.910.492 1.725.705 14.884.050 3.313.400 20.371.771 17.757.052 9.058.550 8.578.123 Loans - net
Piutang pembiayaan Consumer financing
konsumen - neto 21.238.078 - - - - 3.030.470 6.833.195 6.238.215 5.136.198 receivables - net
Piutang sewa Finance lease
pembiayaan - neto 918.005 - - - - 119.895 301.682 339.429 156.999 receivables - net
Aset lain-lain - neto 868.991 - - - - 868.991 - - - Other assets - net
Jumlah 181.969.492 38.910.492 1.725.705 14.884.050 3.313.400 49.815.186 29.986.229 21.375.480 21.958.950 Total
LIABILITAS LIABILITIES
Simpanan nasabah (124.960.232) (21.176.313) (58.036.625) - - (38.984.783) (6.759.711) (2.800) - Deposits from customers
Simpanan dari Bank lain (2.395.230) - - - - (1.051.809) (77.713) (1.265.708) - Deposits from other Banks
Utang obligasi (4.940.107) - - - - (781.479) (1.273.998) (1.825.377) (1.059.253) Bonds payable
Sukuk mudharabah (441.000) - - - - (182.000) - (112.000) (147.000) Mudharabah bonds
Pinjaman yang diterima (4.427.667) (389.187) (395.674) - - (970.584) (1.599.209) (748.746) (324.267) Borrowings
Pinjaman subordinasi (25.000) - - - - - (25.000) - - Subordinated loan
Jumlah (137.189.236) (21.565.500) (58.432.299) - - (41.970.655) (9.735.631) (3.954.631) (1.530.520) Total
Pengaruh dari derivatif Effect of derivatives held
untuk manajemen risiko - (767.407) - - - 381.417 385.990 - - for risk management
Selisih 44.780.256 16.577.585 (56.706.594) 14.884.050 3.313.400 8.225.948 20.636.588 17.420.849 20.428.430 Difference
Analisis sensitivitas Sensitivity analysis
Pengelolaan risiko tingkat suku bunga dilengkapi The interest rate risk management is
dengan analisa sensitivitas secara periodik untuk supplemented by regularly conducting
mengukur dampak dari perubahan suku bunga. sensitivity analysis on scenarios to see the
impact of changes in interest rate.
Metode yang digunakan untuk analisis Methods that being used are EVE and NII as
sensitivitas adalah EVE dan NII seperti yang stipulated in OJK circular letter SEOJK
digunakan dalam SEOJK No.12/SEOJK.03/2018 No.12/SEOJK.03/2018 concerning Risk
tentang Penerapan Manajemen Risiko dan Management Implementation and Standardized
Pengukuran Risiko Pendekatan Standar untuk Approach Risk Measurement for Interest Rate
Risiko Suku Bunga dalam banking Book. Pada Risk in the banking Book. Under both methods,
kedua metode tersebut, analisis sensitivitas sensitivity analysis is conducted by increasing
dilakukan dengan menaikkan dan menurunkan and decreasing the interest rate in accordance
suku bunga sesuai dengan skenario yang to the scenarios stipulated in the circular letter.
ditetapkan pada SEOJK tersebut.
LAMPIRAN – 5/170 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 737
Page 740
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) c. Market risk (continued)
ii. Risiko tingkat suku bunga (lanjutan) ii. Interest rate risk (continued)
Kenaikan paralel/ Penurunan paralel/
parallel increase parallel decrease
Dampak Dampak
terhadap Dampak terhadap Dampak
laba rugi/ terhadap laba rugi/ terhadap
Effect on ekuitas/ Effect on ekuitas/
profit or Effect on profit or Effect on
loss equity loss equity
Sensitivitas terhadap risiko Sensitivity to interest
suku bunga rate risk
Pada tanggal 31 Desember 2023 As of 31 December 2023
Mata uang asing 2.188 (54.927) (98.780) 65.862 Foreign currencies
Rupiah (1.132.431) (2.845.184) (67.706) 3.515.121 Rupiah
Pada tanggal 31 Desember 2022 As of 31 December 2022
Mata uang asing (42.263) (28.930) (5.837) 31.005 Foreign currencies
Rupiah (1.094.972) (2.202.068) (401.874) 2.586.742 Rupiah
Bank menggunakan metode NII dan EVE sesuai The Bank uses NII and EVE method in accordance
SEOJK No.12/SEOJK.03/2018. to SEOJK No.12/SEOJK.03/2018.
d. Risiko likuiditas d. Liquidity risk
Risiko likuiditas adalah risiko yang disebabkan oleh Liquidity risk is the risk caused by the inability of the
ketidakmampuan Bank dalam memenuhi kewajiban Bank to meet its obligations at due date and unwind
yang telah jatuh tempo dan menutup posisi di pasar. position created from market. Liquidity risk is an
Risiko likuiditas merupakan risiko yang terpenting pada important risk for commercial Bank and as such
Bank umum dan perlu dikelola secara needs to be managed on an on-going basis.
berkesinambungan.
Komite Aset dan Liabilitas (ALCO) berperan sebagai The Asset and Liability Committee (ALCO) acts as the
Komite manajemen senior tertinggi untuk memonitor apex Committee entrusted to monitor liquidity
situasi likuiditas Bank. situation of the Bank.
Bank mengelola risiko likuiditas melalui analisis The Bank manages liquidity risk through liquidity gap
perbedaan jatuh tempo likuiditas dan rasio-rasio analysis and liquidity ratios.
likuiditas.
Pemantauan dan pengendalian risiko likuiditas Liquidity risk monitoring and controlling is
diterapkan melalui kerangka limit yang secara periodik implemented through a limit framework which is
dikaji untuk mendapatkan struktur limit yang lebih periodically reviewed in order to accomplish a more
sensitif. Struktur limit risiko likuiditas terkini mencakup sensitive limit structure. The coverage of
pengukuran limit dan indikator antara lain Liquidity current liquidity risk limit structure includes
Coverage Ratio (LCR), Net Stable Funding Ratio measurement of limit and indicator such as Liquidity
(NSFR), Maximum Cumulative Outflow (MCO), Rasio Coverage Ratio (LCR), Net Stable Funding Ratio
Intermediasi Makroprudensial (RIM), dan risiko (NSFR), Maximum Cumulative Outflow (MCO),
konsentrasi pendanaan. Macroprudential Intermediation Ratio (MIR), and
funding concentration risk.
LAMPIRAN – 5/171 – SCHEDULE
738 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 741
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Eksposur terhadap risiko likuiditas Exposure to liquidity risk
Untuk melengkapi kerangka kerja, risiko likuiditas To complete the framework, liquidity risk is measured
diukur dan dikelola pada kondisi normal (business-as- and controlled under both normal and stress
usual) dan kejadian kondisi stress. Sehingga, Maximum scenarios. Thus, the Maximum Cumulative Outflow
Cumulative Outflow (MCO) juga diukur untuk situasi (MCO) is estimated also under abnormal market
tidak normal, untuk itu rencana pendanaan darurat condition, such that the Contingency Funding Plan
likuiditas (CFP) telah disusun untuk mempersiapkan (CFP) is in place in case of liquidity crisis.
Bank jika terjadi krisis likuiditas.
Pada tanggal 31 Desember 2023 dan 2022, rasio dari As of 31 December 2023 and 2022, the ratio of net
aset likuid neto terhadap simpanan nasabah adalah liquid assets to deposits from customers are as
sebagai berikut: follows:
2023 2022
Kas dan setara kas 18.562.802 19.661.337 Cash and cash equivalents
Efek-efek dan Obligasi Pemerintah Trading marketable securities and
diperdagangkan, tidak termasuk SBI Government Bonds, excluding
yang sudah diklasifikasikan sebagai Certificates of Bank Indonesia classified
kas dan setara kas 809.789 133.444 as cash and cash equivalents
Efek-efek dan Obligasi Pemerintah Marketable securities and Government
diukur pada nilai wajar melalui Bonds measured at fair value through
penghasilan komprehensif lain 17.694.011 20.457.578 other comprehensive income
Simpanan dari Bank lain (3.031.690) (2.395.230) Deposits from other Banks
Jumlah aset likuid neto 34.034.912 37.857.129 Total net liquid assets
Simpanan dari nasabah 138.411.812 124.960.232 Deposits from customers
Rasio aset likuid neto terhadap Ratio of net liquid assets to
simpanan dari nasabah 24,59% 30,30% deposits from customers
Sisa jatuh tempo kontraktual dari liabilitas Residual contractual maturities of financial
keuangan liabilities
Tabel di bawah ini menyajikan ekspektasi arus kas dari The table below shows the expected cash flows on
liabilitas keuangan Bank berdasarkan tahun jatuh the Bank’s financial liabilities on the basis of their
tempo kontraktual yang terdekat dan asumsi perilaku earliest possible contractual maturity and behavioral
(behavioral assumptions) pada tanggal laporan posisi assumptions as of the statement of financial position
keuangan. date.
Nilai nominal arus masuk/arus keluar yang disajikan The nominal inflow/outflow disclosed in the following
pada tabel di bawah ini merupakan arus kas kontraktual table represent the contractual undiscounted cash
yang tidak didiskontokan terkait dengan pokok dan flows relating to the principal and interest on the
bunga atas liabilitas keuangan. Pengungkapan financial liability. The disclosure for derivatives shows
instrumen derivatif menunjukkan nilai neto derivatif a net amount for derivatives that are net settled, and
yang dapat diselesaikan secara neto, juga arus masuk a gross inflow and outflow amount for derivatives that
dan arus keluar bruto untuk derivatif yang diselesaikan have simultaneous gross settlement (e.g. currency
bruto secara bersamaan (seperti kontrak berjangka forward).
valuta asing).
LAMPIRAN – 5/172 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 739
Page 742
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Sisa jatuh tempo kontraktual dari liabilitas Residual contractual maturities of financial
keuangan (lanjutan) liabilities (continued)
2023
Kurang dari 1
bulan/
Less than 1 1 - 3 bulan/ 3 - 12 bulan/ >1 tahun/
month months months years Jumlah/Total
Liabilitas non derivatif: Non-derivative liabilities:
Simpanan nasabah 46.097.956 27.215.350 11.730.877 54.195.018 139.239.201 Deposits from customers
Simpanan dari Bank lain 954.204 1.288.514 98.093 690.879 3.031.690 Deposits from other Banks
Utang akseptasi 712.763 545.187 282.672 - 1.540.622 Acceptance payables
Utang obligasi 388.719 34.984 2.960.467 3.136.568 6.520.738 Bonds payable
Sukuk mudharabah 38.467 6.872 431.008 489.729 966.076 Mudharabah bonds
Pinjaman yang diterima 603.146 1.038.443 3.601.913 3.660.159 8.903.661 Borrowings
Pinjaman subordinasi - - - 34.163 34.163 Subordinated loan
Liabilitas lain-lain 4.844.119 - - - 4.844.119 Other liabilities
53.639.374 30.129.350 19.105.030 62.206.516 165.080.270
Derivatif: Derivatives:
Arus keluar (21.243.495) (11.175.645) (10.799.851) (1.385.194) (44.604.185) Outflow
Arus masuk 21.270.236 11.140.107 10.750.539 1.386.242 44.547.124 Inflow
26.741 (35.538) (49.312) 1.048 (57.061)
53.666.115 30.093.812 19.055.718 62.207.564 165.023.209
2022
Kurang dari 1
bulan/
Less than 1 1 - 3 bulan/ 3 - 12 bulan/ >1 tahun/
month months months years Jumlah/Total
Liabilitas non derivatif: Non-derivative liabilities:
Simpanan nasabah 37.381.616 18.194.360 6.645.083 63.154.513 125.375.572 Deposits from customers
Simpanan dari Bank lain 747.897 303.912 77.713 1.265.708 2.395.230 Deposits from other Banks
Utang akseptasi 560.191 494.585 98.776 82.834 1.236.386 Acceptance payables
Utang obligasi 51.269 816.994 1.479.760 3.077.105 5.425.128 Bonds payable
Sukuk mudharabah 1.988 186.249 12.615 286.459 487.311 Mudharabah bonds
Pinjaman yang diterima 540.060 878.867 2.092.932 1.137.286 4.649.145 Borrowings
Pinjaman subordinasi - - 27.176 - 27.176 Subordinated loan
Liabilitas lain-lain 4.033.557 - - - 4.033.557 Other liabilities
43.316.578 20.874.967 10.434.055 69.003.905 143.629.505
Derivatif: Derivatives:
Arus keluar (39.334.397) (9.702.606) (5.883.455) (630.897) (55.551.355) Outflow
Arus masuk 39.414.964 9.769.377 5.937.539 656.434 55.778.314 Inflow
80.567 66.771 54.084 25.537 226.959
43.397.145 20.941.738 10.488.139 69.029.442 143.856.464
LAMPIRAN – 5/173 – SCHEDULE
740 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 743
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Analisis perbedaan jatuh tempo aset dan liabilitas Maturity gap analysis of assets and liabilities
Tabel di bawah ini menyajikan analisa jatuh tempo The table below shows the analysis of maturities of
aset dan liabilitas Bank dan Entitas Anak pada tanggal assets and liabilities of the Bank and Subsidiary as of
31 Desember 2023 dan 2022, berdasarkan jangka 31 December 2023 and 2022, based on remaining
waktu yang tersisa sampai tanggal jatuh tempo terms to contractual maturity date and behavioral
kontrak dan asumsi perilaku (behavioral assumptions): assumptions:
2023
Tidak
mempunyai
tanggal
jatuh tempo Lebih
Nilai kontraktual/ dari/More
tercatat/ No Kurang dari/ 6 - 12 than 12
Carrying contractual Less than 1 1 - 3 bulan/ 3- 6 bulan/ bulan/ bulan/
amount maturity bulan/month months months months months
ASET ASSETS
Kas 2.362.221 2.362.221 - - - - - Cash
Current accounts with Bank
Giro pada Bank Indonesia 5.034.595 5.034.595 - - - - - Indonesia
Giro pada Bank lain 2.134.286 2.134.286 - - - - - Current accounts with other Banks
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia 9.031.700 - 9.031.700 - - - - and Bank Indonesia
Efek-efek: Marketable securities:
Nilai wajar melalui laba rugi 314.276 - - - 210.675 71.797 31.804 Fair value through profit or loss
Nilai wajar melalui
penghasilan komprehensif Fair value through other
lain 1.901.910 - - 145.553 253.265 721.712 781.380 comprehensive income
Biaya perolehan
diamortisasi 1.399.133 - 734.073 456.815 208.245 - - Amortized cost
Efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.384.446 - 192.473 1.772.326 419.647 - - resale agreements
Obligasi Pemerintah: Government Bonds:
Nilai wajar melalui laba rugi 526.307 - 9.692 81.491 - 19 435.105 Fair value through profit or loss
Nilai wajar melalui
penghasilan komprehensif Fair value through other
lain 15.792.101 - - 10.415 - 5.123.712 10.657.974 comprehensive income
Tagihan derivatif 271.966 - 98.997 76.497 64.514 18.988 12.970 Derivative receivables
Pinjaman yang diberikan 143.650.881 - 21.437.281 18.184.210 13.132.008 28.896.147 62.001.235 Loans
Piutang pembiayaan
konsumen 27.763.390 - 1.699.421 2.140.731 3.088.096 5.606.768 15.228.374 Consumer financing receivables
Piutang sewa pembiayaan 1.505.070 - 94.340 144.781 202.196 367.447 696.306 Finance lease receivables
Tagihan akseptasi 1.540.622 - 712.763 545.187 184.851 97.821 - Acceptance receivables
Investasi dalam saham 467.413 467.413 - - - - - Investments in shares
Investasi pada entitas asosiasi 957.158 957.158 - - - - - Investment in associate
Beban dibayar dimuka dan
aset lain-lain 5.917.822 156.944 234.047 16.570 24.686 17.764 5.467.811 Prepayments and other assets
222.955.297 11.112.617 34.244.787 23.574.576 17.788.183 40.922.175 95.312.959
LIABILITAS LIABILITIES
Simpanan nasabah 138.411.812 - 45.696.791 27.067.530 7.419.990 4.032.512 54.194.989 Deposits from customers
Simpanan dari Bank lain 3.031.690 - 954.204 1.288.514 24.267 73.826 690.879 Deposits from other Banks
Utang akseptasi 1.540.622 - 712.763 545.187 184.851 97.821 - Acceptance payables
Utang obligasi 5.835.456 - 327.985 - 607.640 2.126.305 2.773.526 Bonds payable
Sukuk mudharabah 859.000 - 32.000 - 14.000 381.170 431.830 Mudharabah bonds
Pinjaman yang diterima 8.320.889 - 552.223 953.209 1.292.821 2.035.487 3.487.149 Borrowings
Liabilitas derivatif 325.956 - 85.606 102.823 66.896 51.975 18.656 Derivative liabilities
Pinjaman subordinasi 25.000 - - - - - 25.000 Subordinated loan
Beban yang masih harus
dibayar dan kewajiban lain-
lain 12.695.793 1.425.601 1.989.545 307.483 34.124 314.976 8.624.064 Accruals and other liabilities
171.046.218 1.425.601 50.351.117 30.264.746 9.644.589 9.114.072 70.246.093
Selisih 51.909.079 9.687.016 (16.106.330) (6.690.170) 8.143.594 31.808.103 25.066.866 Difference
LAMPIRAN – 5/174 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 741
Page 744
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
2022
Tidak
mempunyai
tanggal
jatuh tempo Lebih
Nilai kontraktual/ dari/More
tercatat/ No Kurang dari/ 6 - 12 than 12
Carrying contractual Less than 1 1 - 3 bulan/ 3- 6 bulan/ bulan/ bulan/
amount maturity bulan/month months months months months
ASET ASSETS
Kas 2.759.777 2.759.777 - - - - - Cash
Current accounts with Bank
Giro pada Bank Indonesia 6.917.873 6.917.873 - - - - - Indonesia
Giro pada Bank lain 2.250.886 2.250.886 - - - - - Current accounts with other Banks
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia 7.732.801 - 7.732.801 - - - - and Bank Indonesia
Efek-efek: Marketable securities:
Nilai wajar melalui laba rugi 5.163 - - - - - 5.163 Fair value through profit or loss
Nilai wajar melalui
penghasilan komprehensif Fair value through other
lain 1.800.349 - - 132.884 46.332 381.195 1.239.938 comprehensive income
Biaya perolehan
diamortisasi 1.158.461 - 95.462 232.337 830.462 200 - Amortized cost
Efek yang dibeli dengan Securities purchased under
janji dijual kembali 5.864.755 - 5.721.684 - - 143.071 - resale agreements
Obligasi Pemerintah: Government Bonds:
Nilai wajar melalui laba rugi 128.281 - - 1.275 - 862 126.144 Fair value through profit or loss
Nilai wajar melalui
penghasilan komprehensif Fair value through other
lain 18.657.229 - 138.507 1.445.882 545.827 3.940.036 12.586.977 comprehensive income
Tagihan derivatif 429.782 - 198.946 110.216 70.332 39.907 10.381 Derivative receivables
Pinjaman yang diberikan 121.256.145 - 18.059.151 15.828.731 15.043.864 26.315.872 46.008.527 Loans
Piutang pembiayaan
konsumen 22.678.396 - 1.380.849 1.809.326 2.579.477 4.617.053 12.291.691 Consumer financing receivables
Piutang sewa pembiayaan 965.453 - 45.917 78.199 105.774 208.284 527.279 Finance lease receivables
Tagihan akseptasi 1.236.386 - 560.191 494.585 96.607 2.169 82.834 Acceptance receivables
Investasi dalam saham 82.078 82.078 - - - - - Investments in shares
Investasi pada entitas asosiasi 959.239 959.239 - - - - - Investment in associate
Beban dibayar dimuka dan
aset lain-lain 3.957.615 142.486 189.115 16.755 19.690 12.661 3.576.908 Prepayments and other assets
198.840.669 13.112.339 34.122.623 20.150.190 19.338.365 35.661.310 76.455.842
LIABILITAS LIABILITIES
Simpanan nasabah 124.960.232 - 36.966.276 18.194.360 3.154.339 3.490.744 63.154.513 Deposits from customers
Simpanan dari Bank lain 2.395.230 - 747.897 303.912 20.031 57.682 1.265.708 Deposits from other Banks
Utang akseptasi 1.236.386 - 560.191 494.585 96.607 2.169 82.834 Acceptance payables
Utang obligasi 4.940.107 - - 781.479 - 1.273.998 2.884.630 Bonds payable
Sukuk mudharabah 441.000 - - 182.000 - - 259.000 Mudharabah bonds
Pinjaman yang diterima 4.427.667 - 519.467 840.304 958.778 1.036.105 1.073.013 Borrowings
Liabilitas derivatif 248.801 - 120.024 65.234 25.611 37.932 - Derivative liabilities
Pinjaman subordinasi 25.000 - - - - 25.000 - Subordinated loan
Beban yang masih harus
dibayar dan kewajiban lain-
lain 11.124.986 1.407.330 2.208.159 208.086 232.136 864.127 6.205.148 Accruals and other liabilities
149.799.409 1.407.330 41.122.014 21.069.960 4.487.502 6.787.757 74.924.846
Selisih 49.041.260 11.705.009 (6.999.391) (919.770) 14.850.863 28.873.553 1.530.996 Difference
e. Risiko operasional e. Operational risk
Kebijakan Manajemen Risiko Operasional secara Bank Bank wide Operational Risk Management Policy is
wide digunakan sebagai acuan utama bagi semua lini used as a main reference for all line of businesses,
bisnis, fungsi pendukung dan Entitas Anak dalam support functions and Subsidiary in managing their
mengelola risiko operasional. operational risk.
Tujuan Bank dalam mengelola risiko operasional The Bank’s objective in managing operational risk is
adalah untuk mencegah atau meminimalisasi dampak to prevent or minimize the impact of the failure or
kegagalan/ketidakcukupan proses internal, manusia, inadequate internal process, people, systems or from
sistem atau kejadian-kejadian eksternal yang dapat external events, which could impact the financial
mengakibatkan kerugian keuangan dan merusak losses, and damage the Bank’s reputation.
reputasi Bank.
LAMPIRAN – 5/175 – SCHEDULE
742 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 745
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
e. Risiko operasional (lanjutan) e. Operational risk (continued)
Pendekatan Bank terhadap manajemen risiko The Bank’s approach to Operational Risk
operasional adalah dengan menentukan strategi management is to define the best mitigation strategy
mitigasi guna memperoleh keseimbangan yang optimal to get optimum balance between operational risk
antara paparan risiko operasional, efektivitas exposure, effectiveness of control mechanism, and
mekanisme kontrol, dan pembuatan risk appetite creating risk appetite as a Bank strategy by a
sebagai salah satu strategi Bank dengan melakukan consistent implementation of a comprehensive
implementasi yang konsisten atas kerangka kerja Operational Risk Management (“ORM”).
Manajemen Risiko Operasional (“ORM”).
Komponen utama dari Kerangka Kerja Pengelolaan Major components of Operational Risk Management
Risiko Operasional yang dijalankan secara Framework which are being consistently applied are:
berkesinambungan antara lain:
1. Tiga lini pertahanan 1. Three lines of defense
Unit bisnis dan fungsi pendukung sebagai pemilik Business and supporting units as the owner of risk
dari proses pengelolaan risiko, FOR (Firstline management process, FOR (Firstline Operational
Operational Risk) di Lini Bisnis/ Fungsi Pendukung, Risk) at Line of Business/Support Function, and
dan fungsi Pengendalian Internal yang ada pada Internal Control functions in each Risk Taking Unit
setiap Risk Taking Unit (RTU) berperan sebagai lini (RTU) act as the first line of defense in day-to-day
pertahanan lapis pertama dalam penegakan execution/ implementation of operational risk
pengelolaan risiko operasional sehari-hari. Mereka management. They are responsible to identify,
bertanggungjawab dalam mengidentifikasi, manage, monitor, mitigate, and report on
mengelola, memonitor, memitigasi, dan Operational Risk.
melaporkan Risiko Operasional.
Divisi ORM, Fraud & QA bersama-sama dengan ORM, Fraud & QA Division together with
Divisi Compliance dan Legal berperan sebagai Compliance and Legal Division act as the second
pertahanan lapis kedua yang bertanggungjawab line of defense which responsible for overseeing
dalam pengawasan pengelolaan risiko operasional operational risk management in the Bank,
di Bank, termasuk pengelolaan fraud dengan tujuan including fraud management with the objective to
untuk mengantisipasi risiko operasional yang anticipate operational risks which might arise
mungkin terjadi akibat tindakan fraud yang caused by fraudulent activities committed by
dilakukan baik oleh karyawan internal Bank internal employee or external.
ataupun oleh pihak eksternal.
Sedangkan Auditor Internal (SKAI) secara Meanwhile, the Internal Auditors (SKAI) are
independen berperan sebagai pertahanan lapis independently performing the role as the third line
ketiga yang bertanggungjawab untuk of defense to identify any weaknesses that have
mengidentifikasi kelemahan yang ditemukan dalam been found in operational risk management and
pengelolaan risiko operasional dan menilai assess the implementation of operational risk
pelaksanaan kerangka manajemen risiko management in line with governance.
operasional telah berjalan sesuai dengan
ketentuan.
LAMPIRAN – 5/176 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 743
Page 746
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
e. Risiko operasional (lanjutan) e. Operational risk (continued)
2. Proses pengelolaan risiko operasional 2. Operational risk management process
Pelaksanaan kerangka kerja ORM di Bank dan Practices of ORM Framework in the Bank and
Entitas Anak dilakukan dalam proses ORM yang Subsidiary are being conducted through an
terpadu dan terdiri dari: integrated ORM process which consists of:
(1) Identifikasi dan analisa risiko yang melekat (1) Identify and analyze the inherent risk in new
pada produk, jasa, sistem dan proses baru and/or changes in product, service and
maupun perubahannya, serta memastikan processes, also ensures the preventive
adanya kecukupan kontrol preventif atas control adequacy over all the processes.
seluruh proses yang dijalankan.
(2) Pengukuran risiko di tingkat unit operasional (2) Risk measurement at operating unit level
didukung dengan perangkat Risk/Loss Event supported by Risk/Loss Event Database
Database (R/LED), Risk Control Self- (R/LED), Risk Control Self-Assessment
Assessment (RCSA), Key Risk Indicator (KRI) (RCSA) and Key Risk Indicator (KRI) and Self
dan Self Raise Issue untuk mengetahui Raise Issue to identify the effectiveness of
efektivitas penerapan manajemen risiko operational risk management.
operasional.
(3) Pemantauan risiko melalui penyusunan laporan (3) Risk monitoring through regular reports to
secara berkala ke manajemen untuk management to identify issues related to
mengidentifikasi masalah yang muncul terkait weakness or failure of controls functions.
dengan adanya kelemahan atau kegagalan
didalam penerapan fungsi kontrol.
(4) Pengendalian risiko dilakukan diantaranya (4) Risk control is conducted amongst others
dengan memastikan ketersediaan kebijakan through ensuring the availability of operational
operasional dan kecukupan kontrol pada policy and control adequacy in all operational
seluruh prosedur operasional untuk memitigasi procedures to mitigate the operational risk,
risiko operasional, termasuk memberikan including re-emphasizing the importance of
penekanan kepada pentingnya kontrol preventif preventative control and early detection
dan mekanisme pendeteksian dini atas mechanisms over operational risk exposures
pemaparan risiko operasional melalui through setting up a Quality Assurance
pembentukan fungsi Quality Assurance yang function which undertakes a Bank wide
berperan dalam mengkoordinasikan upaya coordination to strengthen internal control
memperkuat sistem pengendalian internal dari systems in each Line of Business and Support
setiap lini bisnis dan fungsi pendukung. Function.
3. Sarana pendukung 3. Supporting infrastructure
Implementasi dari proses pengelolaan risiko The implementation of the comprehensive
operasional secara menyeluruh didukung dengan ORM process is supported by ORMS
alat bantu online real time yaitu ORMS (Operational Risk Management System), an
(Operational Risk Management System). ORMS internally designed online-real time tool. The
memiliki fungsi sebagai berikut: ORMS have the following functions:
• Pencatatan Risk Loss Event; • Risk Loss Event recording;
• Pencatatan Self Raise; • Self Raise recording;
• Memonitor Key Risk Indicator; • Key Risk Indicator monitoring;
• Risk Control Self-Assessment; dan • Risk Control Self-Assessment, and
• Reporting. • Reporting.
ORM juga mempunyai e-Learning yang telah dan ORM also has e-Learning which has been and
sedang dilaksanakan di seluruh jajaran being implemented for all level of management
manajemen dan karyawan Bank serta Entitas and employees of the Bank and Subsidiary to
Anak untuk meningkatkan kesadaran akan increase awareness on the importance of
pentingnya risiko operasional. operational risk.
LAMPIRAN – 5/177 – SCHEDULE
744 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 747
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. MANAJEMEN RISIKO KEUANGAN (lanjutan) 50. FINANCIAL RISK MANAGEMENT (continued)
e. Risiko operasional (lanjutan) e. Operational risk (continued)
4. Fungsi Pendukung Pengelolaan Risiko 4. Operational Risk Management Support
Operasional (lanjutan) Function (continued)
Mengacu kepada konsep umum dari kerangka Referring to the general concept of the Enterprise
kerja Manajemen Risiko Perusahaan, Risiko Risk Management framework, Information
Teknologi Informasi dan Siber adalah bagian dari Technology and Cyber Risk is a subset of the
kerangka kerja risiko operasional. Namun, dengan operational risk framework. However,
mempertimbangkan tingkat kritikalitasnya, maka considering the criticality, those related risk are
secara struktur, pengelolaan risiko tersebut managed under Information Risk Management
dilakukan secara terpisah dari Divisi Operational Division, separate from Operation Risk
Risk Management, yaitu di bawah Divisi Management Division structure.
Information Risk Management.
Pengelolaan Risiko Teknologi Informasi dan Siber The abovementioned risk covers the
yang disebutkan diatas juga mencakup antara lain, management of Information Technology and
pemberian rekomendasi dan penetapan prioritas Cyber Risk such as providing recommendations
risiko untuk mendukung pengambilan keputusan and setting risk priorities to support appropriate
manajemen yang tepat. management decision making.
Manajemen Risiko Teknologi Informasi dan Siber Information Technology and Cyber Risk
adalah proses atau aktivitas berkesinambungan Management is the continuous process or
untuk melakukan proses identifikasi, mengukur, activity of identifying, measuring, mitigating,
memitigasi, pemantauan dan evaluasi terhadap monitoring and evaluate Information Technology
risiko Teknologi Informasi dan Keamanan Siber. and Cyber Security risks.
Business Continuity Management (BCM) Business Continuity Management (BCM) is an
merupakan proses manajemen terpadu dan integrated and comprehensive management
menyeluruh untuk menjamin keberlangsungan process to ensure the continuity of the Bank
operasional Bank dalam hal terjadinya kondisi operational activities due to emergency condition
darurat akibat insiden/bencana. Bank dan Entitas caused of incidents/ disasters. The Bank and
Anak telah melaksanakan BCM yang melibatkan Subsidiary have been carried out BCM through
seluruh unit kerja. involvement of all working unit.
Sehubungan dengan keputusan pemerintah Aligning with the revocation of the health protocol
mencabut pemberlakuan PPKM terhitung tanggal (PPKM) by the government as per 30 December
30 Desember 2022, Bank melakukan berbagai 2022, the Bank made health protocol adjustment
penyesuaian protokol antara lain karyawan such as employees are encouraged to work from
didorong untuk lebih banyak bekerja dari kantor, office, face masks are mandatory only for
penggunaan masker hanya diperuntukkan untuk employee with health issues, and dismissal of the
karyawan yang sedang sakit, dan penghentian Covid-19 Crisis Center (CCC).
penugasan tim Covid-19 Crisis Center (CCC).
LAMPIRAN – 5/178 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 745
Page 748
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. NILAI WAJAR ATAS ASET KEUANGAN DAN 51. FAIR VALUE OF FINANCIAL ASSETS AND
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Nilai wajar instrumen keuangan Fair value of financial instruments
Sebagian besar instrumen keuangan pada laporan posisi keuangan A significant number of financial instruments are carried at fair
konsolidasian disajikan menggunakan nilai wajar. Berikut ini adalah value in the consolidated statements of financial position. Below is
perbandingan antara nilai tercatat, seperti yang dilaporkan pada the comparison of the carrying amounts, as reported on the
laporan posisi keuangan konsolidasian dan nilai wajarnya. consolidated statements of financial position, and their fair values.
Pada tabel berikut ini, instrumen keuangan telah dialokasikan In the following table, financial instruments have been categorized
berdasarkan klasifikasinya. Kebijakan akuntansi material pada based on their classification. The material accounting policies in
Catatan 2f menjelaskan bagaimana setiap kategori aset keuangan Note 2f describe how the categories of the financial assets and
dan liabilitas keuangan diukur dan bagaimana pendapatan dan financial liabilities are measured and how income and expenses,
beban, termasuk keuntungan dan kerugian atas nilai wajar including fair value gains and losses (changes in fair value of
(perubahan nilai wajar instrumen keuangan) diakui. financial instruments), are recognized.
Pengelompokan aset keuangan telah diklasifikasikan menjadi aset Financial assets have been classified into fair value through profit
keuangan yang diukur pada nilai wajar melalui laba rugi; nilai wajar or loss; fair value through other comprehensive income; amortized
melalui penghasilan komprehensif lain; dan biaya perolehan cost. Similarly, each class of financial liability has been classified
diamortisasi. Sama halnya dengan setiap liabilitas keuangan yang into fair value through profit or loss and amortized cost.
juga telah diklasifikasikan menjadi yang diukur pada nilai wajar
melalui laba rugi dan biaya perolehan diamortisasi.
Nilai wajar pada tanggal laporan posisi keuangan konsolidasian The fair values are based on relevant information available as of
adalah berdasarkan informasi yang tersedia dan belum diperbaharui the consolidated statement of financial position date and have not
untuk merefleksikan perubahan keadaan pasar setelah tanggal been updated to reflect changes in market condition after the
laporan posisi keuangan. statement of financial position date.
Tabel berikut ini merupakan nilai tercatat dan nilai wajar dari aset The table below sets out the carrying amounts and fair values of
keuangan dan liabilitas keuangan pada tanggal the financial assets and liabilities as of
31 Desember 2023 dan 2022. 31 December 2023 and 2022.
2023
Nilai tercatat/Carrying amount
Nilai wajar
melalui
penghasilan
Nilai wajar komprehensif Biaya Jumlah nilai
melalui laba lain/Fair value perolehan tercatat/
rugi/Fair value through other diamortisasi Total
through profit comprehensive /Amortized carrying Nilai wajar/
or loss income cost amount Fair value
Aset Keuangan Financial Assets
Kas - - 2.362.221 2.362.221 2.362.221 Cash
Giro pada Bank Indonesia - neto - - 5.034.595 5.034.595 5.034.595 Current accounts with Bank Indonesia - net
Giro pada Bank lain - neto - - 2.134.131 2.134.131 2.134.131 Current accounts with other Banks - net
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia - neto - - 9.031.700 9.031.700 9.031.700 and Bank Indonesia - net
Efek-efek - neto 314.276 1.901.910 1.044.484 3.260.670 3.260.670 Marketable securities - net
Efek yang dibeli dengan janji Securities purchased under
dijual kembali - - 2.384.446 2.384.446 2.384.446 resale agreements
Obligasi Pemerintah 526.307 15.792.101 - 16.318.408 16.318.408 Government Bonds
Tagihan derivatif 271.966 - - 271.966 271.966 Derivative receivables
Pinjaman yang diberikan - neto - - 136.313.607 136.313.607 136.107.852 Loans - net
Piutang pembiayaan
konsumen - neto - - 26.200.692 26.200.692 27.277.713 Consumer financing receivables -net
Piutang sewa pembiayaan - neto - - 1.444.300 1.444.300 1.564.589 Finance lease receivables - net
Tagihan akseptasi - neto - - 1.537.763 1.537.763 1.537.763 Acceptance receivables - net
Investasi dalam saham - 467.413 - 467.413 467.413 Investments in shares
Aset lain-lain - neto - - 2.251.075 2.251.075 2.251.075 Other assets - net
Liabilitas Keuangan Financial Liabilities
Simpanan nasabah - - 138.411.812 138.411.812 138.411.812 Deposits from customers
Simpanan dari Bank lain - - 3.031.690 3.031.690 3.031.690 Deposits from other Banks
Utang akseptasi - - 1.540.622 1.540.622 1.540.622 Acceptance payables
Utang obligasi - - 5.835.456 5.835.456 5.841.590 Bonds payable
Sukuk mudharabah - - 859.000 859.000 856.523 Mudharabah bonds
Pinjaman yang diterima - - 8.320.889 8.320.889 8.299.584 Borrowings
Liabilitas derivatif 325.956 - - 325.956 325.956 Derivative liabilities
Pinjaman subordinasi - - 25.000 25.000 25.000 Subordinated loan
Liabilitas lain-lain - - 4.844.119 4.844.119 4.844.119 Other liabilities
LAMPIRAN – 5/179 – SCHEDULE
746 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 749
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. NILAI WAJAR ATAS ASET KEUANGAN DAN 51. FAIR VALUE OF FINANCIAL ASSETS AND
LIABILITAS KEUANGAN (lanjutan) FINANCIAL LIABILITIES (continued)
2022
Nilai tercatat/Carrying amount
Nilai wajar
melalui
penghasilan
Nilai wajar komprehensif Biaya Jumlah nilai
melalui laba lain/Fair value perolehan tercatat/
rugi/Fair through other diamortisasi Total
value through comprehensive /Amortized carrying Nilai wajar/
profit or loss income cost amount Fair value
Aset Keuangan Financial Assets
Kas - - 2.759.777 2.759.777 2.759.777 Cash
Giro pada Bank Indonesia - neto - - 6.917.873 6.917.873 6.917.873 Current accounts with Bank Indonesia - net
Giro pada Bank lain - neto - - 2.250.653 2.250.653 2.250.653 Current accounts with other Banks - net
Penempatan pada Bank lain Placements with other Banks
dan Bank Indonesia - neto - - 7.732.801 7.732.801 7.732.801 and Bank Indonesia - net
Efek-efek - neto 5.163 1.800.349 1.121.615 2.927.127 2.927.127 Marketable securities - net
Efek yang dibeli dengan janji Securities purchased under
dijual kembali - - 5.864.755 5.864.755 5.864.755 resale agreements
Obligasi Pemerintah 128.281 18.657.229 - 18.785.510 18.785.510 Government Bonds
Tagihan derivatif 429.782 - - 429.782 429.782 Derivative receivables
Pinjaman yang diberikan - neto - - 114.599.143 114.599.143 114.357.753 Loans - net
Piutang pembiayaan
konsumen - neto - - 21.238.078 21.238.078 21.580.856 Consumer financing receivables -net
Piutang sewa pembiayaan - neto - - 918.005 918.005 975.054 Finance lease receivables - net
Tagihan akseptasi - neto - - 1.232.273 1.232.273 1.232.273 Acceptance receivables - net
Investasi dalam saham - 82.078 - 82.078 82.078 Investments in shares
Aset lain-lain - neto - - 868.991 868.991 868.991 Other assets - net
Liabilitas Keuangan Financial Liabilities
Simpanan nasabah - - 124.960.232 124.960.232 124.960.232 Deposits from customers
Simpanan dari Bank lain - - 2.395.230 2.395.230 2.395.230 Deposits from other Banks
Utang akseptasi - - 1.236.386 1.236.386 1.236.386 Acceptance payables
Utang obligasi - - 4.940.107 4.940.107 5.009.785 Bonds payable
Sukuk mudharabah - - 441.000 441.000 442.070 Mudharabah bonds
Pinjaman yang diterima - - 4.427.667 4.427.667 4.407.829 Borrowings
Liabilitas derivatif 248.801 - - 248.801 248.801 Derivative liabilities
Pinjaman subordinasi - - 25.000 25.000 25.000 Subordinated loan
Liabilitas lain-lain - - 4.033.557 4.033.557 4.033.557 Other liabilities
Metode dan asumsi yang digunakan untuk estimasi nilai The following methods and assumptions are used to
wajar adalah sebagai berikut: estimate the fair values:
• Nilai wajar aset keuangan dan liabilitas keuangan, kecuali • The fair values of financial assets and liabilities, except
efek-efek dimiliki hingga jatuh tempo, pinjaman yang for held-to-maturity marketable securities, loans with
diberikan yang mempunyai risiko nilai wajar, piutang fair value risk, consumer financing receivables, finance
pembiayaan konsumen, piutang sewa pembiayaan, efek lease receivables, securities issued, and borrowings,
yang diterbitkan, dan pinjaman yang diterima, mendekati approximated the carrying amounts largely due to the
nilai tercatatnya karena mempunyai jangka waktu tempo short-term maturities of these instruments and/or
yang singkat atas instrumen keuangan tersebut dan/atau repricing of interest rate frequently.
suku bunganya sering ditinjau ulang.
• Nilai wajar efek-efek dimiliki hingga jatuh tempo dan efek • The fair values of held-to-maturity marketable
yang diterbitkan ditentukan berdasarkan harga kuotasi securities and securities issued were determined on
pasar yang berlaku pada tanggal 31 Desember 2023 dan the basis of quoted market price as of 31 December
2022. 2023 and 2022.
• Nilai wajar pinjaman yang diberikan yang mempunyai • The fair values of loans with fair value risk, consumer
risiko nilai wajar, piutang pembiayaan konsumen, piutang financing receivables, finance lease receivables, and
sewa pembiayaan, dan pinjaman yang diterima dinilai borrowings are determined by discounting cash flows
menggunakan diskonto arus kas berdasarkan tingkat using market interest rate as of 31 December 2023 and
suku bunga pasar pada tanggal 31 Desember 2023 dan 2022.
2022.
LAMPIRAN – 5/180 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 747
Page 750
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. NILAI WAJAR ATAS ASET KEUANGAN DAN 51. FAIR VALUE OF FINANCIAL ASSETS AND
LIABILITAS KEUANGAN (lanjutan) FINANCIAL LIABILITIES (continued)
• Nilai wajar investasi dalam saham dinilai sebesar biaya • The fair value of investments in shares is the same as
perolehannya karena nilai wajarnya tidak dapat diukur the cost since fair value cannot be reliably measured,
secara andal, kecuali untuk investasi dalam saham except for certain investment in shares that has quoted
tertentu yang memiliki harga kuotasi dicatat sebesar price was determined on the basis of quoted market
harga kuotasi pasar yang berlaku. price.
Hirarki nilai wajar instrumen keuangan Fair value hierarchy of financial instruments
Tabel berikut ini merupakan hirarki nilai wajar dari aset The table below sets out the fair values hierarchy of the
keuangan dan liabilitas keuangan pada tanggal financial assets and liabilities as of 31 December 2023 and
31 Desember 2023 dan 2022. 2022.
a. Aset keuangan a. Financial assets
Pengukuran nilai wajar pada tanggal pelaporan menggunakan/
Fair value measurement as of reporting date using:
Tingkat/ Tingkat/ Tingkat/
2023 Level 1 Level 2 Level 3
Aset keuangan yang Financial asset measured
diukur pada nilai wajar - neto at fair value - net
Nilai wajar melalui laba rugi: Fair value through profit or loss:
Efek-efek 314.276 282.472 1.010 30.794 Marketable securities
Tagihan Derivatif 271.966 - 271.966 - Derivative receivables
Obligasi Pemerintah 526.307 526.307 - - Government Bonds
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain: comprehensive income:
Efek-efek 1.901.910 333.053 1.568.857 - Marketable securities
Obligasi Pemerintah 15.792.101 15.792.101 - - Government Bonds
Investasi dalam saham 467.413 78.198 - 389.215 Investments in shares
Aset keuangan yang Financial asset of which the
nilai wajarnya diungkapkan - neto fair value is disclosed - net
Biaya perolehan diamortisasi: At amortized cost:
Efek-efek 1.044.484 - 1.044.484 - Marketable securities
Pinjaman yang diberikan 136.107.852 - 133.881.663 2.226.189 Loans
Piutang pembiayaan konsumen 27.277.713 - 27.277.713 - Consumer financing receivables
Piutang sewa pembiayaan 1.564.589 - 1.564.589 - Finance lease receivables
Pengukuran nilai wajar pada tanggal pelaporan menggunakan/
Fair value measurement as of reporting date using:
Tingkat/ Tingkat/ Tingkat/
2022 Level 1 Level 2 Level 3
Aset keuangan yang Financial asset measured
diukur pada nilai wajar - neto at fair value - net
Nilai wajar melalui laba rugi: Fair value through profit or loss:
Efek-efek 5.163 - 5.163 - Marketable securities
Tagihan Derivatif 429.782 - 429.782 - Derivative receivables
Obligasi Pemerintah 128.281 128.281 - - Government Bonds
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain: comprehensive income:
Efek-efek 1.800.349 - 1.800.349 - Marketable securities
Obligasi Pemerintah 18.657.229 18.657.229 - - Government Bonds
Investasi dalam saham 82.078 78.198 - 3.880 Investments in shares
Aset keuangan yang Financial asset of which the
nilai wajarnya diungkapkan - neto fair value is disclosed - net
Biaya perolehan diamortisasi: At amortized cost:
Efek-efek 1.121.615 - 1.121.615 - Marketable securities
Pinjaman yang diberikan 114.357.753 - 112.254.724 2.103.029 Loans
Piutang pembiayaan konsumen 21.580.856 - 21.580.856 - Consumer financing receivables
Piutang sewa pembiayaan 975.054 - 975.054 - Finance lease receivables
LAMPIRAN – 5/181 – SCHEDULE
748 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 751
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. NILAI WAJAR ATAS ASET KEUANGAN DAN 51. FAIR VALUE OF FINANCIAL ASSETS AND
LIABILITAS KEUANGAN (lanjutan) FINANCIAL LIABILITIES (continued)
Hirarki nilai wajar instrumen keuangan (lanjutan) Fair value hierarchy of financial instruments
(continued)
b. Liabilitas keuangan b. Financial liabilities
Pengukuran nilai wajar pada tanggal pelaporan menggunakan/
Fair value measurement as of reporting date using:
Tingkat/ Tingkat/ Tingkat/
2023 Level 1 Level 2 Level 3
Liabilitas keuangan yang Financial liability measured
diukur pada nilai wajar at fair value
Nilai wajar melalui laba rugi: Fair value through profit or loss:
Liabilitas derivatif 325.956 - 325.956 - Derivative liabilities
Liabilitas keuangan yang Financial liability which
nilai wajarnya diungkapkan fair value is disclosed
Biaya perolehan diamortisasi: At amortized cost:
Utang obligasi 5.841.590 5.841.590 - - Bonds payable
Sukuk mudharabah 856.523 856.523 - - Mudharabah bonds
Pinjaman yang diterima 8.299.584 - 8.299.584 - Borrowings
Pengukuran nilai wajar pada tanggal pelaporan menggunakan/
Fair value measurement as of reporting date using:
Tingkat/ Tingkat/ Tingkat/
2022 Level 1 Level 2 Level 3
Liabilitas keuangan yang Financial liability measured
diukur pada nilai wajar at fair value
Nilai wajar melalui laba rugi: Fair value through profit or loss:
Liabilitas derivatif 248.801 - 248.801 - Derivative liabilities
Liabilitas keuangan yang Financial liability which
nilai wajarnya diungkapkan fair value is disclosed
Biaya perolehan diamortisasi: At amortized cost:
Utang obligasi 5.009.785 5.009.785 - - Bonds payable
Sukuk mudharabah 442.070 442.070 - - Mudharabah bonds
Pinjaman yang diterima 4.407.829 - 4.407.829 - Borrowings
Pada tanggal 31 Desember 2023 dan 2022, tidak ada aset As of 31 December 2023 and 2022, there are no financial
keuangan atau liabilitas keuangan yang ditransfer dari atau assets and financial liabilities transfer out of or into level 2
ke tingkat 2 dan/atau tingkat 3. and/or level 3.
52. AKTIVITAS FIDUCIARY 52. FIDUCIARY ACTIVITIES
Bank menyediakan jasa kustodian, agen sekuritas, The Bank provides custodial, securities agency,
pengelolaan investasi discretionary, dan reksadana kepada investment management discretionary, and mutual fund
pihak ketiga. Aset yang terdapat dalam aktivitas fiduciary services to third parties. Assets that are held in fiduciary
tidak termasuk dalam laporan keuangan konsolidasian ini. activities are not included in these consolidated financial
Jumlah komisi yang diterima dari pemberian jasa ini untuk statements. Total fees received from these services for the
tahun yang berakhir pada tanggal 31 Desember 2023 dan year ended 31 December 2023 and 2022 was Rp25,025
2022 adalah Rp25.025 dan Rp28.443. and Rp28,443, respectively.
LAMPIRAN – 5/182 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 749
Page 752
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. BATAS MAKSIMUM PEMBERIAN KREDIT BANK 53. LEGAL LENDING LIMIT FOR COMMERCIAL BANKS
UMUM (“BMPK”) (“LLL”)
Pada tanggal 31 Desember 2023 dan 2022, tidak terdapat As of 31 December 2023 and 2022, there was no excess
pelampauan BMPK kepada pihak terkait maupun pihak tidak of LLL to both related parties and non-related parties.
terkait.
Bank telah menerapkan peraturan OJK The Bank has implemented OJK regulation
No.38/POJK.03/2017 tentang penerapan manajemen risiko No.38/POJK.03/2017 regarding the implementation of
secara konsolidasi bagi Bank yang melakukan pengendalian consolidated risk management to the Subsidiary which are
terhadap Entitas Anak dalam perhitungan BMPK Bank. controlled by the Bank in the Bank’s LLL calculation.
Perhitungan BMPK 31 Desember 2023 dan 2022 disusun LLL calculation as of 31 December 2023 and 2022 are
berdasarkan: prepared based on:
- Peraturan OJK No.32/POJK.03/2018 tentang Batas - OJK Regulation No.32/POJK.03/2018 regarding
Maksimum Pemberian Kredit dan Penyediaan Dana Legal Lending Limit and Large Exposure for
Besar Bagi Bank Umum yang berlaku mulai 1 Juni Commercial Bank which is effective starting on 1 June
2019; dan 2019; and
- Peraturan OJK No.38/POJK.03/2019 tentang - OJK Regulation No.38/POJK.03/2019 regarding
Perubahan atas Peraturan OJK No.32/POJK.03/2018 Amendments of OJK Regulation
tentang Batas Maksimum Pemberian Kredit dan No.32/POJK.03/2018 regarding Legal Lending Limit
Penyediaan Dana Besar Bagi Bank Umum yang and Large Exposure for Commercial Bank which is
berlaku mulai 1 Januari 2020. effective starting on 1 January 2020.
Batas maksimum penyediaan dana diatur sebagai berikut: The maximum lending limit is as follows:
- kepada Pihak Terkait tidak melebihi 10% dari modal - to Related Parties do not exceed than 10% from
Bank; Bank’s capital;
- kepada satu peminjam yang Bukan Pihak Terkait tidak - to one Non-Related Party debtor does not exceed
melebihi 25% dari modal inti Bank; than 25% of the Bank’s tier 1 capital;
- kepada satu kelompok peminjam yang Bukan Pihak - to one Non-Related Party group debtors do not
Terkait tidak melebihi 25% dari modal inti Bank; dan exceed than 25% of the Bank’s tier 1 capital; and
- kepada Badan Usaha Milik Negara (BUMN) untuk - to State Own Entities (SOE) for development purpose
tujuan pembangunan tidak melebihi 30% dari modal does not exceed than 30% from Bank’s capital.
Bank.
54. MANAJEMEN PERMODALAN 54. CAPITAL MANAGEMENT
Penerapan Bank atas risiko pasar, risiko kredit, dan risiko The Bank implementation on market risk, credit risk, and
operasional dalam permodalan adalah sebagai berikut: operational risk in capital is as follows:
a. Risiko pasar a. Market risk
Bank telah menerapkan pendekatan standar untuk The Bank has adopted standardized approach for
mengelola risiko pasar sesuai Surat Edaran OJK market risk management in accordance with OJK
No.38/SEOJK.03/2016 tanggal 8 September 2016. Circular Letter No.38/SEOJK.03/2016 dated
8 September 2016.
b. Risiko kredit b. Credit risk
Bank telah menerapkan perhitungan ATMR Risiko Bank has implemented the RWA Calculation for
Kredit dengan pendekatan standar - Basel III Reform Credit Risk using the standardize approach - Basel III
sesuai Surat Edaran OJK No.24/SEOJK.03/2021 Reform in accordance with OJK Circular Letter
tanggal 7 Oktober 2021, yang efektif berlaku sejak No.24/SEOJK.03/2021 dated 7 October 2021,
1 Januari 2023. Ketentuan ini menggantikan Surat effective since 1 January 2023. This regulation
Edaran OJK No.42/SEOJK.03/2016 tentang replaces OJK Circular Letter No.42/SEOJK.03/2016
Perhitungan Aset Tertimbang Menurut Risiko untuk regarding calculation of Risk Weighted Assets for
Risiko Kredit dengan menggunakan pendekatan Credit Risk with standardize approach dated
standar tanggal 28 September 2016. 28 September 2016.
LAMPIRAN – 5/183 – SCHEDULE
750 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 753
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. MANAJEMEN PERMODALAN (lanjutan) 54. CAPITAL MANAGEMENT (continued)
c. Risiko operasional c. Operational risk
Untuk pengelolaan risiko operasional, Bank For operational risk management, the Bank uses
menerapkan pendekatan standar sesuai Surat Edaran standard approach in accordance with OJK
OJK No.6/SEOJK.03/2020 tanggal 29 April 2020, yang Circular Letter No.6/SEOJK.03/2020 dated
efektif berlaku sejak tanggal 1 Januari 2023. Ketentuan 29 April 2020, effective since 1 January 2023. This
ini menggantikan Surat Edaran OJK Provision replacing OJK Circular Letter
No.24/SEOJK.03/2016 tentang Perhitungan Aset No.24/SEOJK.03/2016 regarding calculation of
Tertimbang Menurut Risiko untuk Risiko Operasional Risk Weighted Assets for Operational Risk using
dengan menggunakan Pendekatan Indikator Dasar basic indicator approach 14 July 2016.
tanggal 14 Juli 2016.
Untuk Kewajiban Penyediaan Modal Minimum (KPMM), The Capital Adequacy Ratio (CAR) calculation made by the
Bank telah melakukan perhitungan sesuai Peraturan OJK Bank is in accordance with OJK regulation
No.11/POJK.03/2016 tanggal 29 Januari 2016 serta No.11/POJK.03/2016 dated 29 January 2016 and its
perubahannya sesuai Peraturan OJK amendments in accordance with OJK regulation
No.27 Tahun 2022 tanggal 7 Desember 2022. Struktur No.27/2022 dated 7 December 2022. The current Bank
permodalan Bank saat ini terdiri dari: capital structure consists of:
i. Modal inti (tier 1) terdiri dari komponen-komponen yang i. Core capital (tier 1) consists of components which are
seluruhnya termasuk dalam modal inti utama (common included in main core capital (common equity tier 1).
equity tier 1).
Modal inti (tier 1) tersebut terdiri dari modal disetor dan The core capital (tier 1) comprises of paid-up
cadangan tambahan modal dikurangi dengan capital and disclosed reserves less deductions for
perhitungan pajak tangguhan, aset tidak berwujud dan deferred tax, intangible assets and investment in
penyertaan di entitas anak. Subsidiary.
Cadangan tambahan modal terdiri dari agio saham, Disclosed reserve consists of additional paid up
cadangan umum, laba tahun-tahun lalu, laba periode capital, general reserves, prior year profit, current
berjalan, penghasilan komprehensif lainnya, dikurangi period profit, other comprehensive income less
selisih kurang antara PPA dan kerugian kredit shortage in regulatory provision on allowance for
ekspektasian atas aset produktif, dan PPA atas aset impairment loss for productive assets and non-
non produktif yang wajib dihitung. productive assets.
ii. Modal pelengkap (tier 2) terdiri dari cadangan umum ii. Supplementary capital (tier 2) comprises the
PPA atas aset produktif yang wajib dibentuk regulatory provision general reserve on productive
(maksimum 1,25% dari ATMR untuk risiko kredit) dan assets (maximum 1.25% from RWA for credit risk)
instrumen modal dalam bentuk pinjaman subordinasi and subordinated loan which is qualified as capital
yang memenuhi persyaratan tier 2. instrument in tier 2.
Selain itu, sesuai dengan PBI No.17/22/PBI/2015 tanggal Furthermore, according to BI Regulation
23 Desember 2015 tentang Kewajiban Pembentukan No.17/22/PBI/2015 dated 23 December 2015 about
Countercyclical Buffer dan POJK No.2/POJK.03/2018 Countercyclical Buffer Requirement and OJK regulation
tanggal 26 Juni 2018 tentang Penetapan Systemically No.2/POJK.03/2018 dated 26 June 2018 about Stipulation
Important Bank dan Capital Surcharge, Bank wajib of Systemically Important Bank and Capital Surcharge,
membentuk tambahan modal sebagai penyangga (buffer) Bank need to provide additional capital buffers and capital
dan capital surcharge yang telah berlaku penuh sejak surcharge which fully implemented since
1 Januari 2019. 1 January 2019.
Hasil penilaian menunjukkan bahwa Bank mampu The assessment result shows that the Bank has met the
memenuhi ketentuan KPMM minimum sesuai dengan profil minimum CAR in accordance to its risk profile, and met
risiko, dan mampu memenuhi ketentuan tambahan modal additional capital buffers requirement and capital
(buffer) dan capital surcharge, baik untuk Bank maupun surcharge, both on standalone and consolidated basis.
konsolidasi.
LAMPIRAN – 5/184 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 751
Page 754
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir for the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. MANAJEMEN PERMODALAN (lanjutan) 54. CAPITAL MANAGEMENT (continued)
Berikut adalah posisi modal berdasarkan peraturan BI dan The following is the Bank’s capital position based on BI and
OJK pada tanggal 31 Desember 2023 dan 2022: OJK regulation as of 31 December 2023 and 2022:
2023 2022
Bank Bank
Dengan memperhitungkan risiko
kredit, With credit risk, market risk
risiko pasar dan risiko operasional and operational risk
- Aset Tertimbang Menurut Risiko 141.109.736 132.389.590 Risk Weighted Assets -
- Jumlah modal 35.753.045 33.553.897 Total capital -
- Rasio Kewajiban Penyediaan Minimum Capital Adequacy -
Modal Minimum 25,34% 25,34% Requirement Ratio
Bank dan Entitas Anak Bank and Subsidiary
Dengan memperhitungkan risiko
With credit risk, market risk
kredit,
risiko pasar dan risiko operasional and operational risk
- Aset Tertimbang Menurut Risiko 166.274.024 161.838.210 Risk Weighted Assets -
- Jumlah modal 45.755.058 42.631.755 Total capital -
- Rasio Kewajiban Penyediaan Minimum Capital Adequacy -
Modal Minimum 27,52% 26,34% Requirement Ratio
Manajemen permodalan dilakukan dengan memonitor Capital management is done through monitoring the capital
jumlah modal dan rasio modal secara berkala dengan base and capital ratios based on industry standards in order
mengikuti standar industri guna mengukur kecukupan to measure capital adequacy. BI’s and OJK’s approach to
permodalan. Pendekatan BI dan OJK atas pengukuran such measurement is primarily based on measurement and
tersebut terutama berdasarkan pengukuran dan monitoring the minimum capital requirement to the available
pemantauan atas kebutuhan modal minimum terhadap capital resources.
ketersediaan sumber modal.
Bank telah memenuhi ketentuan BI dan OJK yang berlaku The Bank has fulfilled the BI’s and OJK’s regulation
tentang Kewajiban Penyediaan Modal Minimum (KPMM) regarding the Minimum Capital Adequacy Requirement
dan perhitungan Aktiva Tertimbang Menurut Risiko (ATMR). (CAR) and calculation of Risk Weighted Assets (RWA).
Bank juga telah menerapkan mekanisme Internal Capital The Bank has also implemented Internal Capital Adequacy
Adequacy Assessment Process (ICAAP) yaitu merupakan Assessment Process (ICAAP) mechanism, which is self
proses penilaian sendiri oleh Bank dimana tidak hanya assessment process by Bank where it does not only cover
meliputi kecukupan modal dari risiko-risiko dasar dalam Pilar capital adequacy from basic risks under Pillar I (Credit,
I (Risiko Kredit, Pasar dan Operasional) tetapi juga Market and Operational Risk) but also take into
mempertimbangkan kecukupan modal untuk risiko-risiko consideration capital adequacy of other risks (Credit
lainnya (Risiko Konsentrasi Kredit, Risiko Suku Bunga Buku Concentration Risk, Banking Book Interest Risk, Liquidity
Bank, Risiko Likuiditas dan Dampak dari Stress Test) seperti Risk and Stress Test Impact) as specified in Pillar 2 Basel II
disebutkan dalam Pilar 2 Basel II dan ketentuan OJK. & OJK’s regulation.
Sebagai bagian dari Pilar 3 Basel II, Keterbukaan dan Disiplin As part of Pillar 3 Basel II, Disclosure and Market Discipline
Pasar juga diterapkan oleh Bank mulai dari tahun 2012 is also implemented by the Bank starting 2012 through its
melalui publikasi Laporan Tahunan sesuai ketentuan OJK. Annual Report publication as per OJK regulation.
LAMPIRAN – 5/185 – SCHEDULE
752 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 755
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. ASET DAN LIABILITAS DALAM MATA UANG ASING 55. ASSETS AND LIABILITIES IN FOREIGN
CURRENCIES
Saldo aset dan liabilitas moneter dalam mata uang asing The balances of monetary assets and liabilities in foreign
adalah sebagai berikut: currencies are as follows:
Mata uang asing Ekuivalen Rupiah
(dalam ribuan)/ (dalam jutaan)/
Foreign currency Rupiah equivalent
(in thousand) (in million)
2023 2022 2023 2022
Aset Assets
Kas Cash
Dolar Amerika Serikat 5.780 9.305 89.001 144.860 United States Dollar
Dolar Singapura 2.747 4.129 32.075 47.867 Singapore Dollar
Dolar Australia 1.057 724 11.122 7.641 Australian Dollar
Euro Eropa 614 378 10.454 6.270 European Euro
Yen Jepang 62.325 43.816 6.786 5.162 Japanese Yen
Poundsterling Inggris 142 66 2.789 1.244 Great Britain Poundsterling
Lain-lain 399 - 946 - Others
153.173 213.044
Current accounts with
Giro pada Bank Indonesia Bank Indonesia
Dolar Amerika Serikat 55.069 69.885 847.891 1.087.934 United States Dollar
Current accounts with other
Giro pada Bank lain Banks
Dolar Amerika Serikat 31.045 40.528 478.004 630.914 United States Dollar
Yen Jepang 3.027.921 1.773.729 329.680 208.963 Japanese Yen
Euro Eropa 10.984 17.030 187.150 282.393 European Euro
Yuan China 47.711 42.999 103.508 96.082 China Yuan
Poundsterling Inggris 3.505 5.111 68.799 96.015 Great Britain Poundsterling
Dolar Australia 6.211 4.381 65.344 46.257 Australian Dollar
Dolar Singapura 3.364 6.468 39.282 74.979 Singapore Dollar
Swiss Franc 991 1.535 18.130 25.826 Swiss Franc
Dolar Selandia Baru 1.816 2.134 17.736 21.018 New Zealand Dollar
Yuan Cina 2.123 1.344 4.606 3.010 Yuan Cina
Hongkong Dollar 1.501 2.226 2.959 4.445 Dollar Hongkong
Baht Thailand 3.398 10.597 1.528 4.776 Thailand Baht
Swedia Kroner 952 718 1.467 1.069 Swedia Kroner
Riyal Arab Saudi 311 388 1.276 1.608 Riyal Arab Saudi
Dolar Kanada 102 171 1.185 1.964 Canadian Dollar
Lain-lain 38 - 161 - Others
1.320.815 1.499.319
Penempatan pada Bank Placements with other
lain dan Bank Indonesia Banks and Bank Indonesia
Dolar Amerika Serikat 205.000 305.000 3.156.385 4.748.088 United States Dollar
Efek-efek Marketable securities
Dolar Amerika Serikat 31.305 29.726 481.998 462.766 United States Dollar
Tagihan derivatif Derivative receivables
Dolar Amerika Serikat 2.845 857 43.798 13.337 United States Dollar
Yen Jepang 6.062 34 660 4 Japanese Yen
Lain-lain 128 26 283 258 Others
44.741 13.619
LAMPIRAN – 5/186 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 753
Page 756
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. ASET DAN LIABILITAS DALAM MATA UANG ASING 55. ASSETS AND LIABILITIES IN FOREIGN CURRENCIES
(lanjutan) (continued)
Mata uang asing Ekuivalen Rupiah
(dalam ribuan)/ (dalam jutaan)/
Foreign currency Rupiah equivalent
(in thousand) (in million)
2023 2022 2023 2022
Aset (lanjutan) Assets (continued)
Pinjaman yang diberikan Loan
Dolar Amerika Serikat 877.581 803.073 13.512.122 12.501.846 United States Dollar
Dolar Singapura 4.769 5.617 55.682 65.114 Singapore Dollar
Yuan China 1.402 1.635 3.043 3.660 China Yuan
Yen Jepang 11.104 33.299 1.209 3.923 Japanese Yen
Euro Eropa 19 - 329 - European Euro
13.572.385 12.574.543
Tagihan akseptasi Acceptance receivables
Dolar Amerika Serikat 79.804 56.658 1.228.747 882.022 United States Dollar
Yuan China 47.861 37.557 103.862 84.087 China Yuan
Euro Eropa 4.455 4.449 75.900 73.774 European Euro
Yen Jepang 233.000 30.422 25.369 3.584 Japanese Yen
Swiss Franc 92 92 1.683 1.547 Swiss Franc
1.435.561 1.045.014
Obligasi Pemerintah Government Bonds
Dolar Amerika Serikat 103.393 153.301 1.591.936 2.386.506 United States Dollar
Beban dibayar dimuka Prepayments and other
dan aset lain-lain assets
Dolar Amerika Serikat 84.812 24.755 1.305.852 385.379 United States Dollar
Lain-lain 39 88 173 192 Others
1.306.025 385.571
Jumlah aset 23.910.910 24.416.404 Total assets
Liabilitas Liabilities
Simpanan nasabah Deposits from customers
Dolar Amerika Serikat 1.117.770 1.381.951 17.210.299 21.513.525 United States Dollar
Dolar Australia 67.958 58.044 714.967 612.817 Australian Dollar
Dolar Singapura 56.819 52.986 663.435 614.260 Singapore Dollar
Yen Jepang 3.074.385 1.720.983 334.739 202.749 Japanese Yen
Euro Eropa 19.313 18.232 329.056 302.323 European Euro
Yuan China 46.135 45.013 100.116 100.781 China Yuan
Poundsterling Inggris 4.829 8.130 94.782 152.732 Great Britain Poundsterling
Swiss Franc 1.161 690 21.240 11.612 Swiss Franc
Dolar Selandia Baru 1.376 4.120 13.436 40.582 New Zealand Dollar
19.482.070 23.551.381
Simpanan dari Bank lain Deposits from Other Banks
Yen Jepang 7.035.002 35.829 765.971 4.221 Japanese Yen
Dolar Amerika Serikat 2.307 2.126 35.517 33.092 United States Dollar
801.488 37.313
LAMPIRAN – 5/187 – SCHEDULE
754 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 757
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. ASET DAN LIABILITAS DALAM MATA UANG ASING 55. ASSETS AND LIABILITIES IN FOREIGN
(lanjutan) CURRENCIES (continued)
Mata uang asing Ekuivalen Rupiah
(dalam ribuan)/ (dalam jutaan)/
Foreign currency Rupiah equivalent
(in thousand) (in million)
2023 2022 2023 2022
Liabilitas (lanjutan) Liabilities (continued)
Utang akseptasi Acceptance payables
Dolar Amerika Serikat 79.804 56.658 1.228.747 882.021 United States Dollar
Yuan China 47.861 37.557 103.862 84.087 China Yuan
Euro Eropa 4.455 4.449 75.900 73.774 European Euro
Yen Jepang 233.000 30.422 25.369 3.584 Japanese Yen
Swiss Franc 92 92 1.683 1.548 Swiss Franc
1.435.561 1.045.014
Pinjaman yang diterima Borrowings
Yen Jepang 15.274 - 235.181 - Japanese Yen
Dolar Amerika Serikat - 50.417 - 784.861 United States Dollar
235.181 784.861
Liabilitas derivatif Derivative liabilities
Dolar Amerika Serikat 640 352 9.849 5.476 United States Dollar
Euro Eropa 176 50 3.000 829 European Euro
Yen Jepang 9.745 8.038 1.061 947 Japanese Yen
Dolar Australia 83 2.255 876 23.811 Australian Dollar
Yuan China 112 498 243 1.112 China Yuan
Lain-lain 2 129 38 1.525 Others
15.067 33.700
Beban yang masih
harus dibayar dan Accruals and other
liabilitas lain liabilities
Dolar Amerika Serikat 81.220 5.234 1.250.542 81.482 United States Dollar
Yuan China 17.303 3.908 37.548 8.749 China Yuan
Yen Jepang 52.292 9.420 5.694 1.110 Japanese Yen
Dolar Singapura 486 696 5.669 8.064 Singapore Dollar
Euro Eropa 188 552 3.195 9.150 European Euro
Dolar Australia 286 47 3.004 492 Australian Dollar
Baht Thailand 5.972 - 2.686 - Thailand Baht
Lain-lain 124 11 2.424 199 Others
1.310.762 109.246
Jumlah liabilitas 23.280.129 25.561.515 Total liabilities
Posisi Aset Assets (Liabilities)
(Liabilitas)- neto 630.781 (1.145.111) position - net
Dalam melakukan transaksi dalam mata uang asing, Bank In conducting foreign currency transactions, the Bank has a
memiliki kebijakan untuk memelihara posisi devisa neto policy of maintaining net open position as required by BI
sesuai dengan peraturan BI yakni setinggi-tingginya sebesar regulation at the maximum 20% of the total Tier I and Tier II
20% dari jumlah modal Tier I dan Tier II. Berdasarkan capital. Based on this policy, the Bank will hedge or square
kebijakan ini, Bank akan melakukan lindung nilai atau its open position, if necessary, within the limit as per BI
melakukan square atas posisi yang dimiliki jika diperlukan regulation.
untuk menjaga agar posisi devisa neto masih dalam limit
sesuai peraturan BI.
LAMPIRAN – 5/188 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 755
Page 758
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
56. INFORMASI KEUANGAN TAMBAHAN UNIT SYARIAH 56. SUPPLEMENTARY FINANCIAL INFORMATION
SHARIA UNIT
Informasi keuangan Unit Usaha Syariah disajikan sesuai Financial information of Sharia Business Unit is presented
dengan Surat Edaran Otoritas Jasa Keuangan in accordance with a Circular Letter of OJK
No.10/SEOJK.03/2020 tanggal 1 Juli 2020 tentang No.10/SEOJK.03/2020 dated 1 July 2020 regarding
Transparansi dan Publikasi Bank Umum Syariah dan Unit Transparency and Publication of Sharia Bank and Sharia
Usaha Syariah. Business Unit.
2023 2022
ASET ASSETS
Kas 17.680 39.837 Cash
Penempatan pada Bank
Indonesia 1.316.008 972.273 Placements with Bank Indonesia
Pembiayaan berbasis piutang**) 6.539.728 5.254.717 Financing receivables**)
Pembiayaan bagi hasil 4.055.954 3.569.721 Profit sharing financing
Pembiayaan sewa 587.060 382.034 Lease financing
Aset produktif lainnya 83.575 53.082 Earning other assets
Kerugian kredit ekspektasian (427.824) (313.488) Expected credit losses
Aset tetap dan inventaris 7.319 7.386 Fixed assets and equipment
Aset non produktif - 12.951 Non earning asset
Aset lainnya 344.697 4.933 Other assets
JUMLAH ASET 12.524.197 9.983.446 TOTAL ASSETS
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Dana simpanan wadiah 1.009.962 587.573 Wadiah saving
Dana investasi non profit sharing 7.247.892 4.453.753 Non profit sharing investment funds
Liabilitas kepada Bank lain 583.772 614.533 Liabilities to other Banks
Liabilitas lainnya 43.439 27.876 Other liabilities
Dana usaha 3.475.344 4.059.444 Working fund
Saldo laba 163.788 240.267 Retained earnings
JUMLAH LIABILITAS DAN
EKUITAS 12.524.197 9.983.446 TOTAL LIABILITIES AND EQUITY
**) Pada tanggal 31 Desember 2023 dan 2022, jumlah **) As of 31 December 2023 and 2022, the total iB receivable
piutang iB tidak termasuk marjin yang belum diterima excludes margin to be received of Rp1,362,514 and
masing-masing sebesar Rp1.362.514 dan Rp925.917. Rp925,917, respectively.
LAMPIRAN – 5/189 – SCHEDULE
756 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 759
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
56. INFORMASI KEUANGAN TAMBAHAN UNIT SYARIAH 56. SUPPLEMENTARY FINANCIAL INFORMATION
(lanjutan) SHARIA UNIT (continued)
2023 2022
PENDAPATAN DAN BEBAN OPERASIONAL OPERATING INCOME AND EXPENSES
Pendapatan dan beban operasional Operating Income and expenses
dari penyaluran dana from fund distribution
Pendapatan penyaluran dana Income from distribution of fund
Pendapatan dari piutang 706.132 557.292 Income from receivables
Pendapatan dari bagi hasil 319.885 243.686 Income from profit sharing
Pendapatan sewa 35.511 36.370 Leased income
Lainnya 5.171 2.169 Others
Bagi hasil untuk pemilik dana investasi Margin distribution to owners of
non profit sharing (251.706) (85.555) investment funds non profit sharing
Pendapatan setelah distribusi bagi hasil 814.993 753.962 Income after margin distribution
Pendapatan dan beban operasional Other operating income and
selain penyaluran dana expenses except fund distribution
(Kerugian)/keuntungan penjabaran Gains on foreign
transaksi valuta asing 33 15 currency translation
Pendapatan operasional lainnya Other operating income
Komisi/provisi/imbalan Commission/provision/fee
dan administrasi 4.392 5.753 and administrative
Pendapatan lainnya 22.786 14.246 Other income
Beban operasional lainnya Other operating expense
Beban bonus wadiah (9.397) (8.023) Wadiah bonus expenses
Kerugian penurunan nilai aset keuangan (473.462) (308.648) Impairment losses on financial assets
Kerugian terkait risiko operasional (13) (8) Losses on operational risk
Pemulihan/(kerugian) penurunan nilai aset
lainnya 13.000 (13.000) Impairment losses on other assets
Beban tenaga kerja (76.865) (68.839) Salaries and employee benefits
Beban lainnya (66.603) (59.036) Other expense
Beban operasional lainnya (586.129) (437.540) Other operating expenses
LABA OPERASIONAL 228.864 316.422 OPERATING PROFIT
PENDAPATAN DAN BEBAN NON OPERATING INCOME
NON OPERASIONAL AND EXPENSES
Keuntungan penjualan aset tetap dan Gain on sales of fixed asset and
inventaris 2 - equipment
Beban non operasional lainnya (17.588) (5.567) Non operating expenses
RUGI NON OPERASIONAL (17.586) (5.567) NON OPERATING LOSS
LABA TAHUN BERJALAN INCOME FOR THE
SEBELUM PAJAK 211.278 310.855 YEAR ENDED BEFORE TAX
Pajak penghasilan (47.490) (70.588) Income tax
LABA TAHUN BERJALAN INCOME FOR THE
SETELAH PAJAK BERSIH 163.788 240.267 YEAR ENDED NET OF TAX
LAMPIRAN – 5/190 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 757
Page 760
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
57. AKTIVITAS INVESTASI NON-KAS 57. NON-CASH INVESTING ACTIVITY
2023 2022
Aktivitas investasi non-kas: Non-cash investing activities:
Pembelian aset tetap yang masih
terutang 9.587 895 Acquisition of fixed assets still unpaid
Pembelian aset takberwujud yang masih Acquisition of intangible assets
terutang 2.249 250 which is still payable
Kerugian penghapusan aset tetap Loss on write off of fixed assets
dan perangkat lunak 12.680 305 and software
Kerugian penghapusan investasi Loss on write off of investment
dalam saham 1.025 - in share
Keuntungan penggantian asset tetap - 5.775 Gain on trade of fixed assets
58. STANDAR AKUNTANSI YANG TELAH DISAHKAN 58. ACCOUNTING STANDARDS ISSUED BUT NOT YET
NAMUN BELUM BERLAKU EFEKTIF EFFECTIVE
Berikut ini ikhtisar Pernyataan Standar Akuntansi Keuangan The following summarizes the Statements of Financial
(PSAK) yang telah disahkan oleh Dewan Standar Akuntansi Accounting Standards (PSAK) that are issued by the
Keuangan (DSAK) di Indonesia, yang relevan bagi Bank dan Indonesian Accounting Standards Board (DSAK) which
Entitas Anak tetapi belum berlaku efektif untuk laporan are relevant to the Bank and Subsidiary, but not yet
keuangan konsolidasian untuk tahun yang berakhir pada effective for the consolidated financial statements for the
tanggal 31 Desember 2023. year ended 31 December 2023.
Standar yang akan berlaku efektif pada 1 Januari 2024 Standards will be effective on 1 January 2024 (early
(penerapan dini diperkenankan): implementation is permitted):
- Amandemen PSAK 1: “Penyajian Laporan - Amendment of PSAK 1: “Presentation of Financial
Keuangan” terkait liabilitas jangka panjang dengan Statements” regarding long-term liabilities with the
kovenan; covenant;
- Amendemen PSAK 73: “Sewa” terkait liabilitas sewa - Amendment of PSAK 73: “Leases” regarding lease
pada transaksi jual dan sewa-balik; liabilities in sale and lease-back transactions;
- Amendemen PSAK 101 “Penyajian Laporan - Amendment of PSAK 101 “Presentation of Sharia
Keuangan Syariah” terkait perubahan komponen Financial Statement” related changes in financial
laporan keuangan entitas amil; dan statement components of amil entity; and
- Amendemen PSAK 109 “Akuntansi Zakat, Infak, dan - Amendment of PSAK 109 “Accounting for Zakat,
Sedekah” tentang perlakuan akuntansi zakat, infak, Infak and Sedekah” related to accounting
dan sedekah pada entitas amil. treatment for zakat, infak, and sedekah for amil
entity.
Pada saat penerbitan laporan keuangan konsolidasian, Bank As of the authorization date of these consolidated
dan Entitas Anak masih mengevaluasi dampak yang financial statements, the Bank and Subsidiary are still
mungkin timbul dari penerapan standar baru dan revisi evaluating the potential impact of these new and revised
tersebut serta pengaruhnya terhadap laporan keuangan standards to the consolidated financial statements.
konsolidasian.
LAMPIRAN – 5/191 – SCHEDULE
758 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 761
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
DAN ENTITAS ANAK AND SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022 31 December 2023 dan 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
59. REKONSILIASI AKTIVITAS PENDANAAN BERSIH 59. NET FINANCING ACTIVITIES RECONCILIATION
Rekonsiliasi dari aktivitas pendanaan adalah sebagai Reconciliation from financing activities are as follows:
berikut:
2023
Saldo awal/
Beginning Arus kas/ Lain-lain/ Saldo akhir/
balance Cashflow Others Ending balance
Pinjaman yang diterima 4.427.667 3.921.639 (28.417) 8.320.889 Borrowings
Utang obligasi 4.940.107 889.613 5.736 5.835.456 Bond payables
Sukuk mudharabah 441.000 418.000 - 859.000 Mudharabah bonds
Pinjaman subordinasi 25.000 - - 25.000 Subordinated loan
Liabilitas sewa 325.826 (132.026) 182.190 375.990 Lease Liabilities
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 10.159.600 5.097.226 159.509 15.416.335 financing activities
2022
Saldo awal/
Beginning Arus kas/ Lain-lain/ Saldo akhir/
balance Cashflow Others Ending balance
Pinjaman yang diterima 4.275.546 43.805 108.316 4.427.667 Borrowings
Utang obligasi 6.348.234 (1.416.038) 7.911 4.940.107 Bond payables
Sukuk mudharabah 402.000 39.000 - 441.000 Mudharabah bonds
Pinjaman subordinasi 25.000 - - 25.000 Subordinated loan
Liabilitas sewa 200.650 (110.131) 235.307 325.826 Lease Liabilities
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 11.251.430 (1.443.364) 351.534 10.159.600 financing activities
60. INFORMASI KEUANGAN TAMBAHAN 60. SUPPLEMENTARY FINANCIAL INFORMATION
Informasi yang disajikan pada lampiran 6/1 - 6/9 Information presented in schedule 6/1-6/9 are additional
merupakan informasi keuangan tambahan PT Bank financial informations of PT Bank Danamon Indonesia
Danamon Indonesia Tbk (Entitas Induk), yang menyajikan Tbk (Parent Company), which presented investment in
investasi pada Entitas Anak berdasarkan metode ekuitas Subsidiary according to equity method and are an
dan merupakan bagian yang tidak terpisahkan dari integral part of the consolidated financial statements of
laporan keuangan konsolidasian PT Bank Danamon PT Bank Danamon Indonesia Tbk and Subsidiary.
Indonesia Tbk dan Entitas Anak.
LAMPIRAN – 5/192 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 759
Page 762
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Laporan keuangan Entitas Induk berikut ini, dimana tidak The following Parent Company-only financial statements, which
termasuk saldo dari Entitas Anak, telah disajikan sesuai exclude the balances of the Bank’s Subsidiary, have been
dengan kebijakan akuntansi yang konsisten dengan yang prepared using the accounting policies that are consistent with
digunakan pada laporan keuangan konsolidasian Bank, those applied to the Bank’s consolidated financial statements,
kecuali untuk investasi pada entitas anak yang disajikan except for investments in Subsidiary, which have been
berdasarkan metode ekuitas. Dampak perubahan pencatatan presented using equity method. The impact of changes in
investasi pada Entitas Anak dari metode harga perolehan ke accounting policy for investments in shares of Subsidiary from
metode ekuitas dibukukan sebagai bagian dari saldo laba cost method to equity method was booked as part of retained
secara retrospektif. Informasi mengenai Entitas Anak earnings retrospectively. Information pertaining to Subsidiary is
diungkapkan pada Catatan 1c atas laporan keuangan disclosed in Note 1c to the Bank’s consolidated financial
konsolidasian Bank. statements.
2023 2022
ASET ASSETS
Kas 2.233.846 2.648.745 Cash
Giro pada Bank Indonesia 5.034.595 6.917.873 Current accounts with Bank Indonesia
Giro pada Bank lain,
setelah dikurangi kerugian Current accounts with other Banks,
kredit ekspektasian sebesar net of expected credit losses of
Rp155 pada tanggal 31 Desember 2023 Rp155 as of 31 December 2023
(2022: Rp233) (2022: Rp233)
- Pihak berelasi 178.861 210.001 Related parties -
- Pihak ketiga 1.359.829 1.354.485 Third parties -
Penempatan pada Bank lain dan Placements with other Banks and
Bank Indonesia, setelah dikurangi Bank Indonesia,
kerugian kredit ekspektasian sebesar net of expected credit losses of
RpNihil pada tanggal 31 Desember 2023 RpNil as of 31 December 2023
(2022: RpNihil) 9.031.700 7.732.801 (2022: RpNil)
Efek-efek,
setelah dikurangi kerugian kredit Marketable securities,
ekspektasian sebesar Rp354.649 pada net of expected credit losses of
tanggal 31 Desember 2023 Rp354,649 as of 31 December 2023
(2022: Rp36.846) (2022: Rp36,846)
- Pihak berelasi 179.553 158.278 Related parties -
- Pihak ketiga 3.130.050 2.827.200 Third parties -
Obligasi Pemerintah 16.318.408 18.785.510 Government Bonds
Efek yang dibeli Securities purchased under resale
dengan janji dijual kembali 2.384.446 5.864.755 agreements
Tagihan derivatif Derivative receivables
- Pihak berelasi 7.937 6.862 Related parties -
- Pihak ketiga 263.023 382.036 Third parties -
Pinjaman yang diberikan,
setelah dikurangi kerugian kredit Loans,
ekspektasian sebesar Rp7.337.274 pada net of expected credit losses of
tanggal 31 Desember 2023 Rp7,337,274 as of 31 December 2023
(2022: Rp6.657.002) (2022: Rp6,657,002)
- Pihak berelasi 1.789.982 1.101.269 Related parties -
- Pihak ketiga 135.515.708 114.143.291 Third parties -
Dipindahkan 177.427.938 162.133.106 Carried forward
LAMPIRAN – 6/1 – SCHEDULE
760 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 763
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022
Pindahan 177.427.938 162.133.106 Carried forward
Tagihan akseptasi
setelah dikurangi kerugian kredit Acceptance receivables
ekspektasian sebesar Rp2.859 net of expected credit losses of
pada tanggal 31 Desember 2023 Rp2,859 as of 31 December 2023
(2022: Rp4.113) (2022: Rp4,113)
- Pihak berelasi 175.573 10.802 Related parties -
- Pihak ketiga 1.362.190 1.221.471 Third parties -
Pajak dibayar dimuka 1.496.054 850.524 Prepaid tax
Investasi dalam saham 11.532.405 10.682.497 Investments in shares
Investasi pada entitas asosiasi 957.158 959.239 Investment in associate
Aset takberwujud,
setelah dikurangi akumulasi Intangible assets,
amortisasi sebesar Rp1.936.101 pada net of accumulated amortization
tanggal 31 Desember 2023 of Rp1,936,101 as of 31 December
(2022: Rp1.739.477) 619.294 528.741 2023 (2022: Rp1,739,477)
Aset tetap dan Aset hak guna,
setelah dikurangi akumulasi Fixed assets and Right-of-use assets,
penyusutan sebesar Rp2.693.728 pada net of accumulated depreciation
tanggal 31 Desember 2023 of Rp2,693,278 of 31 December 2023
(2022: Rp2.583.393) 1.677.851 1.504.057 (2022: Rp2,583,393)
Aset pajak tangguhan - neto 2.089.078 2.474.556 Deferred tax asset - net
Beban dibayar dimuka dan
aset lain-lain, setelah dikurangi kerugian Prepayments and other assets,
kredit ekspektasian sebesar Rp311.917 net of expected credit losses of
pada tanggal 31 Desember 2023 Rp311,917 as of 31 December 2023
(2022: Rp349.157) (2022: Rp349,157)
- Pihak berelasi 7.590 61.394 Related parties -
- Pihak ketiga 5.225.795 3.281.299 Third parties -
JUMLAH ASET 202.570.926 183.707.686 TOTAL ASSETS
LAMPIRAN – 6/2 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 761
Page 764
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022 As of 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
- Pihak berelasi 1.563.436 1.587.515 Related parties -
- Pihak ketiga 137.659.040 124.122.096 Third parties -
Simpanan dari Bank lain Deposits from other Banks
- Pihak berelasi 869.675 92.154 Related parties -
- Pihak ketiga 2.162.015 2.303.076 Third parties -
Utang akseptasi Acceptance payables
- Pihak berelasi 61.875 34.315 Related parties -
- Pihak ketiga 1.478.747 1.202.071 Third parties -
Utang pajak 118.150 149.650 Taxes payable
Liabilitas derivatif Derivative liabilities
- Pihak berelasi 4.321 2.566 Related parties -
- Pihak ketiga 321.635 240.542 Third parties -
Pinjaman subordinasi 25.000 25.000 Subordinated loan
Beban yang masih harus
dibayar dan liabilitas lain-lain Accruals and other liabilities
- Pihak berelasi 589.233 624.688 Related parties -
- Pihak ketiga 8.481.182 6.480.310 Third parties -
JUMLAH LIABILITAS 153.334.309 136.863.983 TOTAL LIABILITIES
EKUITAS EQUITY
Modal saham - nilai nominal sebesar Share capital - par value per share
Rp50.000 (nilai penuh) per saham of Rp50,000 (full amount) for A series
untuk seri A dan Rp500 (nilai penuh) shares and Rp500 (full amount)for B
per saham untuk seri B series shares
Modal dasar - 22.400.000 saham Authorized - 22,400,000 A series
seri A dan 17.760.000.000 shares and 17,760,000,000
saham seri B B series shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh - 22.400.000 saham seri A 22,400,000 A series shares and
dan 9.751.152.870 saham seri B 5.995.577 5.995.577 9,751,152,870 B series shares
Tambahan modal disetor 7.985.971 7.985.971 Additional paid-up capital
Modal disetor lainnya 189 189 Other paid-up capital
Komponen ekuitas lainnya 18.439 (119.923) Other equity components
Saldo laba Retained earnings
- Sudah ditentukan penggunaannya 528.848 495.825 Appropriated -
- Belum ditentukan penggunaannya 34.707.593 32.486.064 Unappropriated -
Jumlah saldo laba 35.236.441 32.981.889 Total retained earnings
JUMLAH EKUITAS 49.236.617 46.843.703 TOTAL EQUITY
JUMLAH LIABILITAS DAN
EKUITAS 202.570.926 183.707.686 TOTAL LIABILITIES AND EQUITY
LAMPIRAN – 6/3 – SCHEDULE
762 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 765
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL EXPENSES
Pendapatan bunga 12.565.316 10.767.872 Interest income
Beban bunga (4.058.267) (2.603.540) Interest expense
Pendapatan bunga neto 8.507.049 8.164.332 Net interest income
PENDAPATAN OPERASIONAL
LAINNYA OTHER OPERATING INCOME
Pendapatan provisi dan komisi 814.037 600.181 Fees and commission income
Imbalan jasa lain 1.421.617 1.405.809 Other fees
(Kerugian)/keuntungan dari perubahan (Losses)/gains from changes in fair
nilai wajar atas instrumen keuangan value of financial instruments at
yang diukur pada nilai wajar fair value through profit or
melalui laba rugi - neto (213.809) 95.204 loss - net
Perubahan nilai wajar pada
lindung nilai arus kas 225.495 (169.887) Changes in value of cashflow hedge
Keuntungan atas transaksi Gains from foreign
dalam mata uang asing - neto 220.908 310.217 exchange transactions - net
Keuntungan penjualan Gains on sale of
efek-efek dan Obligasi marketable securities and
Pemerintah - neto 278.368 330.408 Government Bonds - net
Pendapatan dividen 7.720 3.475 Dividend income
Bagian laba bersih entitas anak 1.789.884 1.478.207 Share in net income of Subsidiary
Bagian laba bersih entitas asosiasi 16.015 43.196 Share in net income of associate
4.560.235 4.096.810
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES
Fees and commissions
Beban provisi dan komisi lain (452.141) (280.940) expenses
General and administrative
Beban umum dan administrasi (2.343.031) (2.149.732) expenses
Beban tenaga kerja dan tunjangan (3.721.100) (3.360.830) Salaries and employee benefits
Kerugian penurunan nilai (2.249.572) (2.315.674) Impairment losses
Lain-lain (140.799) (127.000) Others
(8.906.643) (8.234.176)
PENDAPATAN OPERASIONAL NETO 4.160.641 4.026.966 NET OPERATING INCOME
PENDAPATAN DAN BEBAN NON-OPERATING
BUKAN OPERASIONAL INCOME AND EXPENSES
Pendapatan bukan operasional 34.594 29.179 Non-operating income
Beban bukan operasional (184.293) (213.000) Non-operating expenses
PENDAPATAN BUKAN NON-OPERATING
OPERASIONAL – NETO (149.699) (183.821) INCOME – NET
LABA SEBELUM PAJAK INCOME BEFORE INCOME
PENGHASILAN 4.010.942 3.843.145 TAX
BEBAN PAJAK PENGHASILAN (507.060) (540.831) INCOME TAX EXPENSE
LABA BERSIH 3.503.882 3.302.314 NET INCOME
LAMPIRAN – 6/4 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 763
Page 766
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos-pos yang tidak akan Items that will not be reclassified to
direklasifikasi ke laba-rugi profit or loss
Kerugian aktuarial program ) Actuarial losses on
imbalan pasti, setelah pajak (93.473)) (1.324) post employment benefit, net of tax
Kerugian aktuarial program imbalan Actuarial losses on post
pasti, setelah pajak dari entitas employment benefit, net of tax from
asosiasi (37) (1.008) associate
Pos-pos yang akan Items that will be reclassified to
direklasifikasi ke laba-rugi profit or loss
Aset keuangan diukur pada nilai wajar Financial assets measured at fair
melalui penghasilan value through other
komprehensif lain: comprehensive income:
Perubahan nilai wajar yang Changes in fair value in
berakhir pada tahun berjalan 187.688 (564.048) current year
Kerugian penurunan nilai (135) (1.367) Impairment losses
Jumlah yang ditransfer ke laba rugi Amount transferred to
sehubungan dengan perubahan profit or loss in respect of
nilai wajar (15.987) (200.844) fair value changes
Aset keuangan diukur pada nilai wajar Financial assets measured at fair
melalui penghasilan value through other
komprehensif comprehensive
lain dari entitas asosiasi – neto 2.415 (9.717) income from associate – net
Arus kas lindung nilai: Cash flow hedge:
Bagian efektif atas perubahan Effective portion on fair value
nilai wajar instrumen derivatif changes of derivative instruments
untuk lindung nilai arus kas 2.155 53.270 for cash flow hedge
Pajak penghasilan terkait dengan Income tax related to
penghasilan komprehensif lain (37.774) 168.276 other comprehensive income
Penghasilan/(pengeluaran) Other comprehensive income/(losses),
komprehensif lain, setelah pajak 44.852 (556.762) net of tax
JUMLAH LABA KOMPREHENSIF 3.548.734 2.745.552 TOTAL COMPREHENSIVE INCOME
LABA BERSIH PER SAHAM DASAR BASIC EARNINGS PER SHARE
(NILAI PENUH) 358,51 337,88 (FULL AMOUNT)
LAMPIRAN – 6/5 – SCHEDULE
764 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 767
The original supplementary financial information included herein is in the Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Atribusi kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Komponen ekuitas lainnya/
Other equity components
Perubahan nilai wajar atas Efek-
efek,
Obligasi Pemerintah, dan Saldo laba/
Investasi dalam saham yang Retained earnings
diukur pada nilai wajar melalui
penghasilan komprehensif lain-
neto/Changes in fair value on
Marketable securities,
Perubahan Government Perubahan nilai
ekuitas entitas Bonds, and wajar atas lindung
Tambahan modal Modal disetor asosiasi/ Investments in shares nilai arus kas-neto/
disetor/ lainnya/ Changes of measured at fair value through Changes in fair Sudah ditentukan Belum ditentukan
Modal saham/ Additional Other paid-up associate other comprehensive income- value of cashflow penggunaannya/ penggunaan-nya/ Jumlah ekuitas/
Share capital paid-up capital capital equity net hedge-net Appropriated Unappropriated*) Total equity
Saldo pada tanggal 1 Januari 2023 5.995.577 7.985.971 189 8.242 (125.321) (2.844) 495.825 32.486.064 46.843.703 Balance as of 1January 2023
Jumlah laba tahun berjalan Total income for the year
Laba bersih tahun berjalan - - - - - - - 3.503.882 3.503.882 Net income for the year
Penghasilan komprehensif lain, Other comprehensive
setelah pajak income, net of tax
Perubahan nilai wajar atas Changes in fair value of
lindung nilai arus kas-neto - - - - - 2.155 - - 2.155 cashflow hedge-net
Pengukuran 6embali liabilitas imbalan Remeasurement of obligation
pasca kerja - - - - - - - (93.510) (93.510) for post-employment benefits
Perubahan nilai wajar atas Changes in fair value on Marketable securities,
Efek-efek, Obligasi Pemerintah, dan Investasi Government Bonds, and Investments in
dalam saham yang diukur pada nilai wajar shares measured at fair value through other
melalui penghasilan komprehensif lain - neto - - - - 136.207 - - - 136.207 comprehensive income-net
Jumlah penghasilan komprehensif lain - - - - 136.207 2.155 - (93.510) 44.582 Total other comprehensive income
Jumlah laba komprehensif Total comprehensive income
tahun berjalan - - - - 136.207 2.155 - 3.410.372 3.548.734 for the year
Pembentukan cadangan umum
dan wajib - - - - - - 33.023 (33.023) - Appropriation for general and legal reserve
Pembagian dividen tunai - - - - - - - (1.155.820) (1.155.820) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2023 5.995.577 7.985.971 189 8.242 10.886 (689) 528.848 34.707.593 49.236.617 Balance as of 31 December 2023
*) Saldo laba yang tidak ditentukan penggunaannya termasuk pengukuran kembali atas program imbalan pasti *) Unappropriated retained earnings include remeasurement on defined benefit plans
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
LAMPIRAN – 6/6 – SCHEDULE
765
Page 768
The original supplementary financial information included herein is in the Indonesian language.
766
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Atribusi kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Komponen ekuitas lainnya/
Other equity components
Perubahan nilai wajar atas Efek-
efek,
Obligasi Pemerintah, dan Saldo laba/
Investasi dalam saham yang Retained earnings
diukur pada nilai wajar melalui
penghasilan komprehensif lain-
neto/Changes in fair value on
Marketable securities,
Perubahan Government Perubahan nilai
ekuitas entitas Bonds, and wajar atas lindung
Tambahan modal Modal disetor asosiasi/ Investments in shares nilai arus kas-neto/
disetor/ lainnya/ Changes of measured at fair value through Changes in fair Sudah ditentukan Belum ditentukan
Modal saham/ Additional Other paid-up associate other comprehensive income- value of cashflow penggunaannya/ penggunaan-nya/ Jumlah ekuitas/
Share capital paid-up capital capital equity net hedge-net Appropriated Unappropriated*) Total equity
Saldo pada tanggal 1 Januari 2022**) 5.995.577 7.985.971 189 8.242 482.379 (56.114) 480.094 29.752.357 44.648.695 Balance as of 1January 2022**)
Jumlah laba tahun berjalan Total income for the year
Laba bersih tahun berjalan - - - - - - - 3.302.314 3.302.314 Net income for the year
Penghasilan komprehensif lain, Other comprehensive
setelah pajak income, net of tax
Perubahan nilai wajar atas Changes in fair value of
lindung nilai arus kas-neto - - - - - 53.270 - - 53.270 cashflow hedge-net
Pengukuran kembali liabilitas imbalan Remeasurement of obligation
pasca kerja - - - - - - - (2.332) (2.332) for post-employment benefits
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Perubahan nilai wajar atas Changes in fair value on Marketable securities,
Efek-efek, Obligasi Pemerintah, dan Investasi Government Bonds, and Investments in
dalam saham yang diukur pada nilai wajar shares measured at fair value through other
melalui penghasilan komprehensif lain - neto - - - - (607.700) - - - (607.700) comprehensive income-net
Jumlah penghasilan komprehensif lain - - - - (607.700) 53.270 - (2.332) (556.762) Total other comprehensive income
Jumlah laba komprehensif Total comprehensive income
tahun berjalan - - - - (607.700) 53.270 - 3.299.982 2.745.552 for the year
Pembentukan cadangan umum
dan wajib - - - - - - 15.731 (15.731) - Appropriation for general and legal reserve
Pembagian dividen tunai - - - - - - - (550.544) (550.544) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2022 5.995.577 7.985.971 189 8.242 (125.321) (2.844) 495.825 32.486.064 46.843.703 Balance as of 31 December 2022
*) Saldo laba yang tidak ditentukan penggunaannya termasuk pengukuran kembali atas program imbalan pasti *) Unappropriated retained earnings include remeasurement on defined benefit plans
**) Disajikan kembali **) As restated
LAMPIRAN – 6/7 – SCHEDULE
Page 769
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022
Arus kas dari kegiatan operasi: Cash flows from operating activities:
Pendapatan bunga, provisi, dan komisi 13.040.909 11.365.794 Interest income, fees, and commissions
Payments of interest, fees, and
Pembayaran bunga, provisi, dan komisi (4.366.293) (2.844.902) commissions
Pembayaran bunga dari efek yang diterbitkan - (30.085) Payments of interests on securities issued
Pendapatan operasional lainnya 1.908.577 1.569.937 Other operating income
Losses from foreign
Kerugian atas transaksi mata uang asing - neto 191.143 733.904 exchange transactions - net
Beban operasional lainnya (5.567.154) (4.983.761) Other operating expenses
Beban bukan operasional - neto (143.667) (191.918) Non-operating expenses - net
Arus kas sebelum perubahan dalam Cash flows before changes in
aset dan liabilitas operasi 5.063.515 5.618.969 operating assets and liabilities
Perubahan dalam aset dan liabilitas operasi: Changes in operating assets and liabilities:
Penurunan/(kenaikan) aset operasi: Decrease/(increase) in operating assets:
Penempatan pada Bank lain dan Placements with other Banks
Bank Indonesia - jatuh tempo and Bank Indonesia -
lebih dari 3 bulan sejak maturing more than 3 months
tanggal perolehan - 456.693 from the date of acquisition
Efek-efek dan Obligasi Pemerintah - Marketable securities and
Diperdagangkan (663.779) 1.812.706 Government Bonds - trading
Securities purchased under
Efek yang dibeli dengan janji dijual kembali 3.480.309 (2.556.447) resale agreements
Pinjaman yang diberikan (24.151.438) (15.807.585) Loans
Beban dibayar dimuka dan aset lain-lain (1.271.270) (143.254) Prepayments and other assets
Kenaikan/(penurunan) liabilitas operasi: Increase/(decrease) in operating liabilities:
Simpanan nasabah: Deposits from customers:
- Giro 2.299.685 5.107.866 Current accounts -
- Tabungan (9.568.873) 1.897.458 Savings -
- Deposito berjangka 20.981.088 (4.956.603) Time deposits -
Simpanan dari Bank lain 668.409 106.435 Deposits from other Banks
Beban yang masih harus dibayar
dan liabilitas lain-lain 1.387.636 277.738 Accruals and other liabilities
Pembayaran pajak penghasilan
selama tahun berjalan (858.908) (851.061) Income tax paid during the year
Kas neto digunakan untuk kegiatan operasi (2.633.626) (9.037.085) Net cash used by operating activities
Arus kas dari kegiatan investasi: Cash flows from investing activities:
Penerimaan dari efek-efek dan Obligasi Proceeds from sales of and matured
Pemerintah yang dijual dan telah jatuh tempo - marketable securities and Government
biaya perolehan diamortisasi dan nilai wajar Bonds - amortized cost and fair value
melalui penghasilan komprehensif lain 7.569.274 20.411.437 through other comprehensive income
Pembelian efek-efek dan Obligasi Pemerintah - Acquisition of marketable securities and
biaya perolehan diamortisasi dan nilai wajar Government Bonds - amortized cost and fair
melalui penghasilan komprehensif lain (5.107.824) (8.512.002) value through other comprehensive income
Pembelian aset tetap (547.165) (341.214) Acquisition of fixed assets
Hasil penjualan aset tetap 953 4.995 Proceeds from sale of fixed assets
Penerimaan hasil investasi 816.388 497.561 Receipt from investment
Likuidasi Entitas Anak 143.708 - Liquidation of Subsidiary
Penerimaan dividen kas 7.720 3.475 Receipt of cash dividends
Net cash provided from
Kas neto diperoleh dari kegiatan investasi 2.883.054 12.064.252 investing activities
LAMPIRAN – 6/8 – SCHEDULE
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 767
Page 770
The original supplementary financial information included herein is in the
Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
____________________________________________________________________________________________
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk
ENTITAS INDUK PARENT COMPANY
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun-tahun yang Berakhir pada For the Years Ended
Tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022
Arus kas dari kegiatan pendanaan: Cash flows from financing activities:
Pembayaran dividen tunai (1.155.913) (550.473) Payments of cash dividends
Pembayaran pokok obligasi - (852.000) Payment of principal on bonds issued
Penurunan pokok liabilitas sewa (105.966) (89.763) Decrease of principal of lease liabilities
Kas neto digunakan untuk
kegiatan pendanaan (1.261.879) (1.492.236) Net cash used by financing activities
(Penurunan)/kenaikan kas dan setara (Decrease)/increase in cash and cash
kas - neto (1.012.451) 1.534.931 equivalents
Dampak neto perubahan nilai tukar Net effect on changes in exchange
atas kas dan setara kas (12.701) 99.231 rates on cash and cash equivalents
Kas dan setara kas pada Cash and cash equivalents at
awal tahun 18.864.138 17.229.976 beginning of the year
Cash and cash equivalents at
Kas dan setara kas pada akhir tahun 17.838.986 18.864.138 end of the year
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 2.233.846 2.648.745 Cash
Giro pada Bank Indonesia 5.034.595 6.917.873 Current accounts with Bank Indonesia
Giro pada Bank lain 1.538.845 1.564.719 Current accounts with other Banks
Penempatan pada Bank lain dan Bank Placements with other Banks and Bank
Indonesia - jatuh tempo sampai dengan Indonesia - maturing within 3 months
3 bulan sejak tanggal perolehan 9.031.700 7.732.801 from the date of acquisition
Jumlah kas dan setara kas 17.838.986 18.864.138 Total cash and cash equivalents
LAMPIRAN – 6/9 – SCHEDULE
768 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Page 771
PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT 769
Page 772
2023 A NNUA L RE PORT
TRANSFORMING AND INNOVATING FOR THE FUTURE
#TumbuhBersamaDANAMON
PT BANK DANAMON INDONESIA TBK
Menara Bank Danamon
Jl. H.R. Rasuna Said, Blok C No. 10
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Jakarta 12920, Indonesia
ANNUAL REPORT
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770 PT BANK DANAMON INDONESIA TBK 2023 ANNUAL REPORT
Names mentioned 221 people and organisations named in the text · linked when the evidence is strong
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Bank Compliance Function
p.7
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Public Accounting Firm Imleda & Partners
p.14
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Deloitte Touche Tohmatsu Limited
p.14 ×2
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Yayasan Pesantren
p.17
unresolved
org
Yayasan Darut Tauhid
p.17
unresolved
org
Indonesia (Persero) Tbk.
p.20 ×24
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org
PT Home Credit Indonesia.
p.23 ×3
unresolved
org
Bank PRO Apps
p.23
unresolved
org
Bank Indonesia
p.23 ×41
unresolved
org
PT Pegadaian Pioneering
p.25
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org
PT Permodalan Nasional Madani In
p.25
unresolved
org
MUFG Innovation Partners Co.Ltd.
p.30 ×2
unresolved
org
Bank Index
p.30
unresolved
person
Kenichi Yamato
p.33 ×4
unresolved
person
Yasushi Itagaki
· President Commissioner
p.33 ×9
unresolved
org
Financial Services Authority
p.33 ×7
unresolved
person
Peter Benyamin Stok
· Commissioner
p.33 ×9
unresolved
person
Nobuya Kawasaki
· Commissioner
p.33 ×10
unresolved
person
Harsono
· Commissioner
p.33 ×4
unresolved
org
Mandala Mutifinance Tbk.
p.37 ×2
unresolved
org
Bank Awards
p.41 ×2
unresolved
person
Yasushi
p.44
unresolved
person
Heriyanto Agung Putra
p.44 ×5
unresolved
person
Naoki Mizoguchi
· Director
p.44 ×2
unresolved
person
Vice
· Director
p.46
unresolved
person
KANGMASTO
· President Director
p.47 ×2
unresolved
person
PROF. DR. H. M. DIN SYAMSUDDIN
p.48 ×7
unresolved
person
DR. ASEP SUPYADILLAH
p.49 ×7
unresolved
person
DR. HASANUDIN
p.49 ×6
unresolved
person
PROF. DR. H.M. DIN SYAMSUDDIN Chairman DR. HASANUDIN
p.52 ×3
unresolved
org
Bapepam
p.57 ×4
unresolved
org
Minister of Justice of Republic of Indonesia
p.57
unresolved
person
Mukti
p.57
unresolved
org
Ministry of Law and Human Rights
p.57 ×4
unresolved
org
Bank Kopra
p.60
unresolved
org
Bank | 2003
Danamon Indonesia
p.60
unresolved
org
Pte. Ltd.
p.60 ×2
unresolved
org
Investment Corporation
p.60
unresolved
org
Menara Corporation
p.61
unresolved
org
Ministry of Religious
p.61
unresolved
org
Bank BNP
p.62
unresolved
org
Ministry of Health
p.62
unresolved
org
International Data Corporation
p.62
unresolved
org
Bank Indonesia’s Retail Loan Portfolio.
p.63
unresolved
org
KHO TJHING KIAN H. GUNADHARMA Syariah Strategic
p.70
unresolved
person
H. DANANG GOVERNANCE
p.75
unresolved
org
Deposit Insurance Corporation
p.79
unresolved
org
Bank Indonesia Degree
p.79
unresolved
org
GOVERNANCE Multiartha Tbk
p.79
unresolved
org
Ministry of Finance
p.79 ×3
unresolved
org
Banking Planning Division MUFG Bank Ltd
p.80
unresolved
—
Singapore Appointed
· Commissioner
p.80
unresolved
—
Reappointed
· Commissioner
p.80 ×9
unresolved
org
Mitsubishi Ltd
p.80
unresolved
org
Tokyo Mitsubishi Ltd
p.80 ×2
unresolved
org
Ayudhya Public MANAGEMENT Company Limited
p.81
unresolved
org
Sabai Co., Ltd
p.81
unresolved
org
Bank OPERATIONAL REVIEW Master
p.81
unresolved
org
Bank IN
p.81
unresolved
org
Harsono Advisor Hatta Bank Public Company Limited
p.81
unresolved
org
Council SHBank Finance Co., Ltd.
p.81
unresolved
org
Krungsri Leasing Service Co., Ltd.
p.81
unresolved
org
Bank Niaga Tbk
p.82 ×4
unresolved
org
Niaga Tbk
p.82
unresolved
org
Bank Dagang Negara
p.82
unresolved
org
Bank Pelita
p.82
unresolved
org
PT Asuransi Tokio Marine Indonesia
p.83
unresolved
org
Bank DBS Indonesia Appointed
· Independent Commissioner
p.83
unresolved
org
Bank Internasional Indonesia Tbk
p.83 ×4
unresolved
org
PT Bank Barclay Indonesia
p.83
unresolved
org
PT AIG Life
p.83
unresolved
org
Internasional Indonesia Tbk
p.83
unresolved
org
Ministry of Finance’s
p.84
unresolved
org
PT Mandiri
p.85
unresolved
org
Sekuritas
· President Director
p.85 ×2
unresolved
org
PT Bank International Indonesia
p.85
unresolved
org
PT Bank DKI
p.85
unresolved
org
Broadband Multimedia Tbk
p.86 ×2
unresolved
org
Bank Lippo Tbk
p.86 ×2
unresolved
org
Bank Universal
p.87
unresolved
org
Hongkong Shanghai Banking Limited
p.88
unresolved
org
Bank NV Indonesia
p.88
unresolved
org
PT United Overseas Bank Bali
p.89
unresolved
org
Bank Modern Tbk
p.89 ×2
unresolved
org
PT HSBC Securities Indonesia
p.89
unresolved
org
Bank Ekonomi Raharja Tbk
p.89 ×6
unresolved
org
Asuransi Adira Dinamika Tbk
p.90 ×2
unresolved
org
Bank HSBC
p.92
unresolved
person
PROF. DR. H.M. SIRAJUDDIN SYAMSUDDIN
p.93
unresolved
org
PT. Sarana Multigriya Financial
p.94
unresolved
org
PT Trimegah Asset Management
p.94
unresolved
org
Indonesia Stock Exchange
p.94 ×4
unresolved
org
Remy & Partners
p.95
unresolved
org
PT Fintek Karya Nusantara
p.95
unresolved
org
PT Asuransi Jiwa Generali Indonesia
p.95
unresolved
org
PT Capital Life Syariah
p.95
unresolved
org
PT Artajasa Pembayaran Elektronis
p.96
unresolved
org
PT Mekar Prana Indah
p.96
unresolved
org
Mawar & Rekan
p.97
unresolved
org
PT GUNA DHARMA
p.101 ×2
unresolved
org
PT CEALMI KHIEZT INDONESIA
p.101
unresolved
org
PT MAHKOTA PERMATA TEGUH
p.101
unresolved
org
Bank Tiara
p.103
unresolved
org
Bank Nusantara Parahyangan Tbk
p.104 ×2
unresolved
org
Bank Duta Tbk
p.104 ×2
unresolved
org
Bank Rama Tbk
p.104 ×2
unresolved
org
Bank Tamara Tbk
p.104 ×2
unresolved
org
Bank Nusa Nasional Tbk
p.104 ×2
unresolved
org
PT Bank Pos Nusantara
p.104
unresolved
org
PT JayaBank International
p.104
unresolved
org
PT Bank Risjad Salim Internasional. TIMELINE OF OTHER
p.104
unresolved
org
PT. Bank Woori Saudara Indonesia
p.106 ×2
unresolved
org
PT. Bank Chinatrust
p.106
unresolved
org
PT. Zurich Asuransi Others
p.106
unresolved
org
PT. Bank Woori Subsidiaries
p.106
unresolved
org
Zurich Asuransi Indonesia Tbk.
p.107 ×2
unresolved
org
PT Bank Woori Indonesia
p.107
unresolved
org
PT Bank Chinatrust Indonesia
p.107
unresolved
person
H. Thamrin
p.108
unresolved
org
PT Fitch Ratings Indonesia Indonesia Stock Exchange Building
p.108
unresolved
org
Fitch Ratings Ltd.
p.108
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.108
unresolved
org
PT Pemeringkat Efek Indonesia
p.108
unresolved
org
PT Adimitra Jasa Korpora Kirana Boutique Office
p.108
unresolved
person
Mala Mukti
p.108
unresolved
org
Bank Deposit
p.109
unresolved
org
Bank Saving Account
p.109
unresolved
org
Bank Credit Card
p.109
unresolved
org
Bank Mortgage Loan
p.109
unresolved
org
By Euromoney Trading Limited By GlobalData PTE Ltd
p.110
unresolved
org
Bank Indonesia Priority
p.110
unresolved
org
Management Dimension
· President Director
p.112 ×2
unresolved
org
Bank Indonesia’s Consumer
p.119
unresolved
org
Bank PRO. Danamon
p.119
unresolved
org
Ministry of Finance In
p.121
unresolved
person
Meester Raden Soedja
p.570 ×2
unresolved
org
Menteri Kehakiman Republik
p.570
unresolved
org
Minister of Justice Indonesia
p.570
unresolved
org
Menteri Keuangan
p.570
unresolved
org
Minister of Finance
p.570
unresolved
org
Kementerian
p.570
unresolved
org
PT Adira Quantum Multifinance
p.577
unresolved
person
Catherina Situmorang
p.577 ×2
unresolved
org
Menteri Hukum dan Hak Asasi
p.577
unresolved
person
P. Sutrisno A. Tampubolon
p.577 ×2
unresolved
org
Kementerian Hukum dan Hak Asasi Manusia Republik
p.577
unresolved
person
Johanes Berchmans Kristiadi
p.579 ×3
unresolved
person
Shuichi Yokoyama
p.579 ×3
unresolved
person
Syamsuddin
· Ketua
p.579
unresolved
person
Mawar IR Napitupulu
p.580 ×4
unresolved
person
Roy Fahrizal Permana
p.580 ×2
unresolved
person
Sirkuler
· Komisaris
p.580 ×3
unresolved
person
Christopher Mark Davies
p.581 ×2
unresolved
person
Yasuhiko Togo
p.581 ×2
unresolved
org
PT Asuransi Jiwa Manulife
p.695 ×5
unresolved
org
PT Asuransi Jiwa
p.695 ×3
unresolved
—
masing-masing dibawah 5%)
p.695 ×4
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