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2023
Annual Report
Exceeding
Expectations
PT Bank Maybank Indonesia Tbk
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Exceeding
Expectations
"Exceeding Expectations" can be an appropriate expression
to describe Maybank Indonesia's presence in the Indonesian
banking market and industry to date. The expression
manifests itself, for example, when Maybank Indonesia
innovates to provide “great” rather than just “good”
products and services, or when Maybank Indonesia looks
to be a trendsetter and leader in certain fields. "Exceeding
Expectations" also describes Maybank Indonesia’s
commitment to creating added value for shareholders,
Maybankers, society, and the community by maintaining
excellent levels of growth and financial performance,
ensuring work-life balance for Maybankers, and delivering a
long-term positive impact for customers,
the community, and the environment.
By 'Exceeding Expectations',
Maybank Indonesia will be able
to remain relevant in the future
as one of the leading banks
in Indonesia.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 1
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Theme
Continuity
2019 2020 2021
The World is
in My Hand Bank For All Growing With You
As a bank, the way we do business is changing It certainly was not business as usual in 2020. The Amidst the challenges, Maybank Indonesia’s
fast, we continuously respond quickly to market Coronavirus Disease 2019 (COVID-19) pandemic caused commitment to grow and benefit all stakeholders
change, adopting new technologies, new skills, an escalation in risk, volatility and uncertainty. COVID-19 has never wavered. Driven by ingenuity,
innovation culture and ways of working, coupled also led to the implementation of mobility restriction creativity, and resilience, Maybank Indonesia has
with the increasing expectations of our customers. and social distancing. The Bank sought to adapt swiftly in continued to grow as a business entity together
To stay relevant requires the ability to adapt and managing banking operations to minimize the impact of with communities. The growth is founded upon
innovate to deliver a whole new level of banking economic activity decline towards the sustainability and environment, social, and governance principles
transaction experience to the customers in a operating profit of the Bank. In order to stay connected that are increasingly important for a world that is
digital world. and continue to transact, online transaction or digital has more equitable, prosperous, and more sustainable
been the key choice among society for various activities or
At Maybank Indonesia, we worked hard to adapt needs. The pandemic thus became the impetus to accelerate
to customers’ evolving mobile lifestyle needs the strategy of digital transformation; one that has been
by innovating products and services that enable consistently carried out by Maybank Indonesia over the past
customers to bank anytime, anywhere, fast and few years.
secure. The emphasis is on ensuring multi-channel
access so that our customers see seamlessness in In 2020, M2U application was continuously improved along
our offerings. with the refinement and development of new features in
order to be at the forefront in serving customers’ need
As we constantly adapt and innovate in a digital regardless of distance, time, or the need for face-to-face
lifestyle mobility, our goal remains the same: interactions. Maybank Indonesia also continues to expand
To bring the next level of customer experience its digital ecosystem by developing more and more digital
at all customer touchpoints, delivering a new banking solutions with the advantages of being more
benchmark of digital banking and making the practical, faster speed, and secured transactions. All
world is in our hand. products and services are designed to fulfill various needs
of Maybank Indonesia’s different customer segmentations,
among others Young Professional, Young Families, Silver
Age, and Golden Age.
With consistency to build excellence in serving all
communities with quality product innovation, simple
process, and digital connectivity, Maybank Indonesia
continue to strengthen its position as a BANK FOR ALL,
now and in the future.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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2022 2023
One Bank Exceeding
Impacting Many Expectations
The theme for the 2022 report reflects Maybank "Exceeding Expectations" can be an appropriate
Indonesia's position as a financial institution
that continues to create a positive impact on expression to describe Maybank Indonesia's presence
customers, communities and the environment. in the Indonesian banking market and industry to date.
Efforts that are manifested include through
digital banking innovations according to changes The expression manifests itself, for example, when
in customer preferences, a commitment to
implementing sustainable finance, and a focus
Maybank Indonesia innovates to provide “great” rather
on Environmental, Social and Governance (ESG) than just “good” products and services, or when Maybank
aspects in banking operations. The theme also
represents the spirit of 'One Maybank', an
Indonesia looks to be a trendsetter and leader in certain
initiative to maximize synergies between Maybank fields. "Exceeding Expectations" also describes Maybank
Group entities in Indonesia in order to present a
more comprehensive financial solution service for Indonesia’s commitment to creating added value for
service users, as a differentiating strategic factor shareholders, Maybankers, society, and the community
that provides added value to Maybank Indonesia
in the long term. by maintaining excellent levels of growth and financial
performance, ensuring work-life balance for Maybankers,
and delivering a long-term positive impact for customers,
the community, and the environment.
By 'Exceeding Expectations', Maybank Indonesia will be
able to remain relevant in the future as one of the leading
banks in Indonesia.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 3
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Table of
Contents
The content structure of the Maybank Indonesia Annual Report refers to the
Annual Report writing guidelines and regulations that prevail in Indonesia.
COMPANY PROFILE
03
Referring to the Integrated Report framework recently issued by 76 General Bank Information
International Integrated Reporting Council (IIRC), which suggests that an 75 Maybank Indonesia in Brief
annual report shall refer to 6 (six) capitals namely Financial, Manufactured, 79 Corporate Logo and Identity
Intellectual, Human, Relationship & Social and Natural, then principally,
Maybank Indonesia’s 2023 Annual Report has covered discussion on the 80 Our Journey
referred six capitals. 82 Organisational Structure
84 Vision, Mission, and Corporate Culture
Below is Maybank Indonesia Annual Report’s content when viewed under the 86 Core Business
6-capital scheme suggested by IIRC for an annual report writing.
88 Products and Services
91 Board of Commissioners Profile
Laporan Tahunan Laporan Terintegrasi 99 Board of Directors Profile
Maybank Indonesia Capital
108 Changes in the Composition of Management after Fiscal Year
Main Highlights Summary of 6 capital
109 Senior Management Profile
Management Report Summary of 6 capital
117 Employee Statistics and Profiles
Manufactured, Intellectual &
Company Profile 120 Shareholding Composition
Relationship
Management Discussion and Financial, Intellectual & 123 Corporate Group Structure
Analysis Manufactured 124 Maybank Group Profile
Manufactured, Human & 125 Subsidiaries and Joint Ventures
Functional Review
Intellectual 128 Share Listing Chronology
Corporate Governance Report Relationship & Social 130 Other Securities Listing Chronology
Corporate Social Responsibility Relationship & Social 138 Ratings
Consolidated Financial Financial
139 Public Accountant & Public Accountant Firm Services
140 Capital Market Supporting Institutions and Professions
141 Information on Corporate Website
2 Theme Continuity
142 Operational Areas
6 Disclaimer and Limitation of Liability
144 Branch Offices Address
7 Our Competitive Advantage
8 Maybank Group Strategy
10 7 Initiative Programmes Uplift Indonesia
11
12
16
12 Pillars Uplift Indonesia
Strategic Policies (Strategic Thrust) ‘Uplift Indonesia’
Key Achievement 2023
MANAGEMENT DISCUSSION
AND ANALYSIS 04
20 Sustainable Finance Update
156 Macro Economic Overview
22 ESG and Sustainability 2023
160 Global Banking
23 Support Maybank Group Sustainability Commitment
164 Community Financial Services (CFS)
24 Initiatives and Digital Performance Achievements
176 Shariah Banking
25 New Feature Launched in 2023
182 Maybank Finance
185 WOM Finance
188 Profitability By Segments
01
190 Financial Review
MAIN HIGHLIGHTS 190 Financial Performance Analysis
190 General Discussion of The Bank’s Financial Performance
28 Financial Highlights
190 Consolidated Statement of Financial Position
32 Operational Highlights
199 Consolidated Statement of Incomes and Other
33 Shares Highlights Comprehensive Incomes
35 Bond, Sukuk, or Convertible Bond Highlights 202 Consolidated Statement of Cash Flows
36 Corporate Ratings 203 Key Financial Ratios
38 Event Highlights in 2023 204 Prime Lending Rate
41 Maybank Sustainability Day 2023 205 Commitments and Contingencies
44 Awards and Certifications 205 Other Material Information
207 Capital Structure
02
209 Investment Property
MANAGEMENT REPORT 209 Material Commitment for Investment in Capital Goods
209 Realized Capital Investments in The Last Fiscal Year
50 Report of the Board of Commissioners 209 Material Information and Subsequent Events
58 Report of the Board of Directors 209 Comparison of Targets And Realisation in 2023 and
70 Report from the Shariah Supervisory Board Projections for 2024
72 Statements of Accountability for 210 Dividend Distribution Policy
2023 Annual Report by the Board of Commissioners of 211 Employee And/Or Management Share Ownership Program
PT Bank Maybank Indonesia Tbk
211 Realization of The Use of Proceeds from The Public Offering
73 Statements of Accountability for
2023 Annual Report by the Board of Directors of
PT Bank Maybank Indonesia Tbk
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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212 Important Changes in The Bank and Bank Business Groups 542 Public Accountant/External Auditor
in 2023 544 Access to Company Information and Data
212 Prohibitions, Restrictions and Significant Constraints on The 546 Code of Ethics and Code of Conducts
Transfer of Funds Between The Bank and other Entities in 548 Corporate Culture
The Group
549 Transparency of Financial and Non-Financial Conditions that
212 Provision of Funds, Commitments, and Other Facilities Have not Been Disclosed in Other Report
212 Other Significant Transactions in Significant Amounts 550 Quarterly Publication Report
213 Information on Transactions Related To Investment, 551 Provision of Funds to Related Party and Large Exposure
Expansion, Divestment, Acquisition, and Restructuring
552 Provision of Funds for Social and Political Activities
213 Material Transactions That Contain Conflicts of Interest and
Transactions With Affiliated Parties/Related Parties 553 Procurement Policy of Goods and Services
214 Transactions with Affiliated/Related Parties 554 Customer Protection Policy
215 Changes in Laws and Regulations That Have a Significant 554 Corruption Policy & Anti-Fraud Strategy Implementation
Impact on The Bank 555 Creditors Policy
219 Compliance as a Taxpayer 555 Dividend Distribution Policy
220 Marketing Aspects 556 Conflict of Interest Policy (including Insider Trading)
222 Business Outlook 557 Affiliated Transactions and Conflict of Interest Transactions
223 Business Continuity 559 Bad Corporate Governance Practices
226 Guidelines and Support of Maybank Group on The 2024 559 Bank Strategic Plan
Business Sustainability Plan 559 Ratio of Highest and Lowest Salary and
226 The Bank's Commitment to Environment, Social, and Variable Remuneration Received by Employees
Governance (LST) 560 Implementation of OJK Public Company Governance
228 Results and Progress Achieved by Maybank Indonesia Guidelines
564 General Guidelines for Indonesian Corporate Governance
(PUGKI)
05
574 Implementation of Corporate Governance Aspects and
FUNCTIONAL REVIEW Principles in Accordance with the Guidelines of Corporate
Governance Principles for Banks Issued by the Basel
Committee in Banking Supervision
238 Human Capital 576 Integrated Governance Implementation Report
254 Information Technology 580 Implementation of the ASEAN Corporate Governance (CG)
258 Marketing and Networking Scorecards
261 Operations and Customer Services 590 Board of Commissioners Approval Sheet Good Corporate
Governance (GCG) Implementation Report 2023
266 Risk Management
591 Board of Directors Approval Sheet Good Corporate
Governance (GCG) Implementation Report 2023
06
592 Shariah Business Unit Good Corporate Governance (GCG)
GOOD CORPORATE GOVERNANCE Report 2023
402 Good Corporate Governance
402
403
407
Corporate Governance Policy Basis
Year-On-Year Focus of Governance Implementation
Corporate Governance Roadmap
CORPORATE SOCIAL
RESPONSIBILITY 07
408 Bank's Governance Structure
409 Self-Assessment Results of Good Corporate Governance 611 Policy on the Implementation of Social and
Implementation in 2023 Environmental Responsibility
410 Information on Major and Controlling Shareholders 611 Implementation of Sustainable Finance as the
411 General Meeting of Shareholders Foundation for the Implementation of Social and
Environmental Responsibility by Maybank Indonesia
425 Board of Commissioners
612 2023 Sustainability Achievements
438 Board of Directors
612 Economic, Environment, and Social Performance
462 Affiliation between Board of Commissioners, Board of
Directors and Majority/Controlling Shareholders
463
466
Board of Commissioners and Directors Diversity Policy
Committees of the Board of Commissioners
616 MAYBANK INDONESIA
CONSOLIDATED FINANCIAL
492 Remuneration Policy
496 Committees of the Board of Directors STATEMENTS 2023
513 Corporate Secretary
518 Corporate Security Management
519
521
Compliance Working Unit
Administrative Sanctions
982 PARENT COMPANY CONSOLIDATED
FINANCIAL STATEMENTS
522 Anti-Money Laundering and Countering Financing of
Terrorism (AML-CFT) Unit
524 Whistleblowing System and Anti-Fraud
Financial Services Authority Circular Letter
526 Legal Issues
No. 9/SEOJK.03/2020: Transparency and Publication of
530 Taxation Management and Control
Conventional Commercial Bank Reports
531 Internal Audit Working Unit
SEOJK No. 16/SEOJK.04/2021: Annual Report of Public
535 Intern Control System Company
538 Investor Relations
539 Risk Management
PT Bank Maybank Indonesia Tbk 2023 Annual Report 5
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Disclaimer and
Limitation of Liability
The Annual Report discloses the projections, plans, strategies,
policies, and objectives of the Bank, which are classified as
forward-looking statements in the implementation of the
prevailing regulations, except for historical matters.
These statements involve potential risks, uncertainties, and
may materially differ in their actual developments from those
reported herein.
The prospective statements in this Annual Report are prepared
on the basis of various assumptions regarding the current and
future conditions of the Bank as well as the business environment
in which the Bank conducts its business. The Bank does not
guarantee that these documents whose validity have been
ascertained will bring expected results.
The annual report contains the words “Bank,” “Maybank Indonesia,” and “Bank Maybank Indonesia” which are defined as
PT Bank Maybank Indonesia Tbk engaged in banking activities. Often times the word “the Company” is also used for ease
of reference to address PT Bank Maybank Indonesia Tbk in general.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Our Competitive
Advantage
High Quality Services
The Bank consistently strives to be relevant by
01 maintaining this competitive advantage and will
continue to make sustainable customer service
improvements.
Simplicity of Process
02 The Bank consistently enhances efficiency and
simplification towards operational processes through
simplified transaction and digitization processes.
Innovative Products
Sustainable Digital Banking (M2U & M2E)
03 development which experiences a significant business
growth becoming a product solution that is relevant
to customers’ banking needs.
Regionally Connected
The Bank is one of the leading banks in Indonesia with
a nationwide branch network and strengthened by a
04 regional network of the Maybank Group in the ASEAN
region with home markets of Malaysia, Singapore and
Indonesia.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 7
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Maybank Group
Strategy
M25+: FROM GOOD TO GREAT
Maybank Group introduced an extensive suite of solutions, implemented through the 12 Strategic Programmes, to help its customers
and communities through unprecedented times. The M25+ strategy will direct the Group on a deeper purpose of becoming a “Values-
Driven Platform, Powered by a Bionic Workforce that Humanises Financial Services”.
Infusing the principles of ethical banking (fairness,
Upskilling and equipping Maybankers with the right
inclusivity, preservation of environment and exclusion
technological capabilities, further unlocking their
of harmful activities to mankind) as a differentiator to
potential
drive economic value for the Group
“We are a values-driven platform, powered by a bionic workforce that Humanises Financial Services”
Providing customers with hyper-personalised
Orchestrating digital ecosystems and solutions to support them through their life
integrating customer offerings across the region journeys and serving the Community as the Force
for Good
MAYBANK INDONESIA’S M25+ IS BASED ON 5 KEY STRATEGIC THRUSTS AS FURTHER
ARTICULATED IN THE UPLIFT INDONESIA PROGRAM INTO 7 INITIATIVES
KEY STRATEGIC THRUSTS IN MAYBANK INDONESIA’S M25+
Building on the foundation laid by the M25 plan, M25+ will reinforce the push for more meaningful differentiation across five key
strategic thrusts and create firmer foundational capabilities for long-term sustainable growth.
01 02 03
Intensify Customer-centricity Accelerate Digitalisation and Strengthen Maybank’s position
Full agile and iterative Minimum Viable Product Technology Modernisation beyond Malaysia
(MVP) approach, through customer journeys and End-to-end STP platform that integrates with Regionalisation of business and product
imagining the end-state model ecosystems within and beyond banking solutions, and technological platforms and
applications, with clear leadership in Malaysia
04 05
Drive Leadership in Sustainability Agenda Achieve True Global Leadership in Islamic
Expanded scope to embrace ethical banking principles, Banking
deepening social impact and execution of decarbonisation Global Islamic wealth management (IWM), Singapore as hub
strategy and Middle East/ASEAN countries as spoke
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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12 STRATEGIC PROGRAMMES (SPs)
SP1 SP2 SP3 SP4
Reshape wholesale target Build a regional Reimagine the consumer Reimagine the SME
operating model transaction banking banking customer journey banking customer journey
proposition
To enhance group-wide coverage Reimagine customer journey Reimagine SME journey
model and build deeper sector Establish cross-country across key growth milestones across key growth milestones
expertise, offering tailored target operating model for and beyond banking while and beyond banking while
solutions regional trade, payments, and orchestrate within select digital orchestrate within select digital
financial supply chain and cash ecosystems ecosystems
management
SP5 SP6 SP7 SP8
Build global Islamic Become a regional leader Uplift Indonesia Redefine our
banking leadership in Insurance International footprint
Establish global IWM hub in Strengthen Life coverage in
Continue to strengthen Refocus Maybank’s global
Singapore and Middle East/ core markets, scale and expand fundamentals, footprint, redesign target
ASEAN countries as spoke; regionally, and deliver customer- differentiate and grow operating model for select
establish as-a-service offering to centricity via STPs and analytics markets, and optimise
through expansion of
expand into new markets investment portfolio
select key levers
SP9 SP10
Be the Sustainability Elevate Maybankers
leader in SEA
Initiate strategic workforce
Build segment-specific business planning, reimagine the
strategies and develop a employee value proposition,
sustainability integrated target enhance performance
operating model management and institutionalise
Agile@Scale
SP11 SP12
Drive hyper Build Next-Gen
personalisation through Technology capabilities
advanced analytics
Build a digital-ready architecture,
Develop platforms that implement an operating
enable hyper-personalisation model that drives seamless
experiences for customers collaboration and prioritisation
of initiatives
PT Bank Maybank Indonesia Tbk 2023 Annual Report 9
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
7 Initiative Programmes
Uplift Indonesia
Increasing Increasing collaboration between Global Banking business and branch
01 Productivity of
Global Banking
networks, as well as adding products & services to provide added
value such as integrated Trade Finance and Supply Chain Management
Business Lines (SCM) solutions.
Increasing
Increasing productivity to provide added value in the Community
02 Productivity of
CFS Business
Financial Services (CFS) business, such as simplifying savings products
& features and market expansion.
Lines
MSME Growth Digital solution for MSME customers to get comprehensive business
03 through Digital
Channels
banking services, including digital loan applications, and other
‘beyond banking’ features.
Banking-
as-Service Expanding the collaboration network with digital financial industry
04 Ecosystem
and Capability
players and others to improve the Bank's ability to meet customers'
varied transaction needs.
Development
Shariah Banking Prioritizing Sharia-based banking services and Wealth Management
05 Growth
Optimization
products which include retail and non-retail services by approaching
Muslim communities in Indonesia.
06 One-Maybank
Acceleration
Synergy between Maybank Group entities in Indonesia in offering a
one-stop solution for all customer financial service needs.
Increasing
Increasing operational efficiency with digitalization, supporting faster
Efficiency of
07 Support and
Operational
and more efficient financial services to provide the best service to
customers.
Functions
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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12 Pillars
Uplift Indonesia
In achieving the 'Uplift Indonesia' strategy, the Bank has that continues to grow financially, becoming the customers'
developed 12 pillars consisting of five strategic pillars, namely first choice for transactions and consistently meeting customer
One-Maybank GTM, Global Banking, Community Financial expectations for the finest digital-based experience.
Service (CFS), Sustainability, and Shariah Banking, which are
supported by the development of 7 capability pillars (enablers) as Uplift Indonesia's twelve strategic pillars and capabilities
business foundations, namely Digital, IT, Operation, Distribution, (enablers) include strengthening current businesses and
Risk Management, Finance, and Human Capital. These strategic launching the M25+ transformation strategy, which will assist the
pillars and capabilities position Maybank as a regional bank Bank in meeting its ambitions for 2024 and beyond.
Maybank Indonesia: Humanising Financial Services
‘Top regional bank delivering stakeholder values through
comprehensive solution, experience excellence & infused ethical principles’
01 Regional One-Maybank GTM: Integrated financial solution with full suite of products & services
02 03 Community 04 05
Global Banking Financial Services Islamic Banking Sustainability
Tailored solution with Comprehensive banking Holistic Shariah Sustainable solution
strong cross-border & beyond-banking with solution with leading for businesses &
proposition & empathetic customer global Islamic communities through
advisory/co-creation experience Wealth Management enhanced capabilities
support capabilities
06 Digital: Ecosystem orchestrator with integrated best-in-class digital platforms
07 IT: Agile & digital-ready IT with enhanced cybersecurity enabling open banking business
08 Operations: Operational excellence delivering fast, lean, accurate & customer centric processes
09 Distribution: Bionic omni-channel sales & service through productive & differentiated network
10 Risk Management: Prudent, business-friendly & competitive credit processes with defined risk posture
11 Finance: Superior returns & valuation through robust financial performance & synergy management
12 Human Capital: Empowered organization with agile, capable & productive talent
PT Bank Maybank Indonesia Tbk 2023 Annual Report 11
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Strategic Policies
(Strategic Thrust)
‘Uplift Indonesia’
Strategic Policies and Results Achieved in 2023
Intensify customer- Accelerate Digitalisation and
01 centricity 02 Technological Modernisation
The Bank has provided personalised and tailored
The Bank continues to develop features in
solutions to meet the evolving needs and preferences
digital banking and technological innovation,
of our diverse client base.
• In Global Banking, the Bank succeeded in as well as improving our digital platforms and
welcoming a number of new corporate clients, infrastructure to provide safe, efficient and user-
ranging from local companies to multinational friendly services.
companies, reflecting the Bank's good • The Bank successfully launched government
attractiveness in the corporate banking segment. bond products, website updates and new
• In CFS Non-Retail, the Bank has refined its SME payment options on M2U.
customer segmentation approach, enhancing • The Bank successfully launched the Local
the Bank's ability to tailor product and solution Currency Settlement feature in M2E.
offerings to effectively meet the unique needs of
• The Bank succeeded in automating several
the SME segment.
operational processes, including the credit
• In CFS Retail, the Bank has experienced strong
disbursement process, with Robotic Process
growth by launching various programs for the
premier, privilege and mass banking segments, as Automation (RPA) technology.
well as increasing automotive financing which is • Transformation efforts expanded the
currently increasing in consumption nationally. Embedded Finance ecosystem, enabling the
• Transformation efforts to enhance CFS Bank to offer web-based hajj registration
productivity were achieved through the forms for partners.
implementation of a customer 360 dashboard with
real-time data, and refining SME segmentation for
more effective market targeting, strengthening
CFS business operations.
• Transformation enabled the successful launch of
Grow regionally as
clean loans as part of the Digital SME initiative,
aiming to enhance access to comprehensive
03 One-Maybank
digital banking services for MSME customers and
financial inclusion. In order to strengthen Maybank's position outside
Malaysia, the Bank has invested transformation
efforts to strengthen collaboration between entities
in Indonesia, including Maybank Asset Management,
Maybank Sekuritas Indonesia, and Etiqa insurance.
• Collaboration with Maybank Asset Management,
Maybank Sekuritas Indonesia, and Etiqa insurance
entities is carried out through the launch of new
products and new services.
• Ongoing collaboration with the Maybank Group
is also carried out for cross-border loans in several
companies operating in selected industries.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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04 Drive Leadership in the
Sustainability Agenda 05 Achieve True Global Leadership
in Islamic Banking
With a commitment to pushing the sustainability In order to achieve its aspiration to become a leader in
agenda, the Bank has set new standards in responsible Islamic banking, the Bank has developed and offered
banking and makes a positive contribution to the innovative financial solutions that comply with Shariah
environment and society. principles.
• The Bank successfully launched the first social • The Bank launched the Shariah First strategy, as
credit distribution with leading ultra-micro well as adjusting the Shariah KPIs of business
companies in Indonesia to Permodalan Nasional directors, resulting in an increase in CASA
Madani (PNM) acquisitions and the share of shariah assets
• The Bank has launched sustainability initiatives • At the forefront of our transformation initiative
that have a high impact on the environment, such lies the introduction of Maybank Indonesia’s end-
as tree planting, waste management, and MSME to-end Shariah Wealth Management solutions
events. (MySWM), one of the pioneers in Indonesia.
Through our transformation program, SWM
facilitates access of customers to curated Shariah-
compliant financial products. These solutions
empower customers to create, cultivate, preserve,
purify, and distribute their wealth by their values,
which enriches the options of conducting financial
management of all customers, irrespective of their
backgrounds
PT Bank Maybank Indonesia Tbk 2023 Annual Report 13
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Strategic Policies for 2024 and in the coming years
Intensify customer- Grow regionally as
01 centricity 03 One-Maybank
• Global Banking Strategy: Accelerate growth • Collaborate across border for loan syndication,
in large corporate segments with co-creation bond issuance, and integration initiatives with
solutions and focus on Non-Retail Transaction sister companies.
Banking. • Accelerate collaboration processes with Etiqa
• CFS Banking Strategy: Accelerate growth in SMEs, Indonesia and intensify cooperation with the
trade financing, and vehicle financing, with a focus Bank's subsidiaries
on the digital business ecosystem.
Accelerate Digitalisation and 04 Drive Leadership in the
Sustainability Agenda
02 Technological Modernisation • Enhance sustainable portfolio through Global
and CFS Banking, and expand electric vehicle
• Expand product offerings and personalise financing.
sales, as well as develop digital lending • Improve household welfare in ASEAN through CSR
applications. and financing programs.
• Enhance digital services for SMEs through the • Achieve carbon neutrality and increase active
Digital Lending Platform. participation in sustainable activities.
• Develop the digital ecosystem through
strategic partnerships and API capability
enhancements.
• Continue internal process digitalisation
for digital service efficiency and branch
transformation.
• Modernise core banking and IT infrastructure
and strengthen cybersecurity.
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Achieve True Global Leadership
05 in Islamic Banking
• Shariah as a key differentiator: Provide unique and
innovative Shariah services.
• Shariah First Strategy: Prioritise Shariah services
for all customers according to their needs.
• Shariah Wealth Management: Present a
comprehensive wealth management concept in
line with Shariah principles.
• Halal Ecosystem: Develop the halal ecosystem
through partnerships with communities and
digital partners via Embedded Financing.
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Key
Achievement 2023
Maybank Indonesia recorded positive financial performance
in 2023, supported by sustainable growth in the Bank's assets
and improved revenue.
HOW WE USE OUR CAPITAL
FINANCIAL
Total Loans and Shariah
Financing (Loans) • Loans grew by 7.6% supported by growth in all segments.
• Global Banking recorded loans of Rp41.7 trillion, a 2.6% increase
Rp 116.0 Trillion compared to 2022 supported by Financial and Insurance Activities.
• Total Community Financial Services (CFS) loans stood at Rp74.3 trillion
Total Equity compared to Rp67.2 trillion in the previous year, growing 10.6%.
• Total assets of Shariah Business Units (UUS) grew 2.5% to Rp41.0 trillion
Rp 30.8 Trillion in December 2023. It represented 25.9% of Maybank Indonesia's total
assets of December 2023.
• Maybank Finance financed approximately 42 thousand car units with total
Total Deposits financing of Rp7.7 trillion in 2023, higher 8.5% than Rp7.1 trillion in 2022.
• WOM Finance financed about 211 thousand motorcycle units with a total
Rp 115.5 Trillion financing of Rp6.2 trillion in 2023.
INTELLECTUAL
• Feature for purchasing Government Securities (SBN) through M2U
ID App and opening Shariah Customer Fund Account (RDN) online
to facilitate customers in investing in the capital market.
• Addition of new currencies for foreign exchange transactions with
Local Currency Settlement through M2E including MYR, CNY, and
THB.
• Enhancement of M2U ID Web internet banking, now enriched with
Innovation in Digital Digital Wealth feature providing convenience for customers to
Services manage their entire financial portfolios.
• Enrichment of bill payment, purchase, and electronic money top-up
transaction features in M2U ID App with the addition of various
new bills relevant to customers' financial needs and lifestyle.
• Development of Bank as a Service (BaaS) as a channel for
distributing products and services.
• Gold Savings Account opening feature in M2U ID App to further
enrich investment product options.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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MANUFACTURED
Focus on IT Development The Bank’s IT strategic plan consists of four pillars: Focus on
Connectivity, Infrastructure Enhancement through Modernization
& Cyber Defence Capability, Utilization of Business Processes
for Productivity and Efficiency, and Improvement of the Working
Environment.
IT Development Funding Investment on IT development reached Rp522 billion in 2023
compared to previous year of around Rp381 billion
Initiatives in Operational There are a total of 90 initiatives divided into four main categories,
Development namely Productivity Improvement, Strengthening Internal Controls,
Enhancement of Services & Business Support, and Regulatory
Compliance.
Office Network • 1 Non-Operational Head Office, 10 Regional Offices, 79 Main Branch
Offices, 237 Sub-Branch Offices.
• The Bank has 17 Shariah Branch Offices and 3 Shariah Sub-Branch
Offices.
• For overseas banking services, the Bank also has 1 Branch Office in
Mumbai, India.
• The Bank is also supported by 22 units of KCP Mobile (formerly
MKK) for comprehensive services, especially in remote areas.
E-Channel
765 ATMs (including 26 Cash Recycle Machines)
HUMAN
Employees
6,965 Employees
Corporate Culture Maybank continues to strengthen its organizational culture
to successfully adopt digital transformation of TEAMWORK,
INTEGRITY, GROWTH, EXCELLENCE & EFFICIENCY,
RELATIONSHIP BUILDING
98% of the employee population has received training opportunities
with a total cost of Rp95.64 billion for employee competency
development.
RELATIONSHIP & SOCIAL
• The Bank’s Macroprudential Inclusive Financing Credit (PIM as of
Cooperation with 2023 amounted to Rp27.5 trillion or 28.16% of the Bank’s total credit
Government (Bank only).
• The Bank’s Micro, Small, and Medium Enterprises (MSME) credit as of
2023 amounted to Rp17.9 trillion with the MSME credit ratio to the
Bank’s (Bank only) total credit reaching 17.46%.
CSR Programs Financial Literacy and Inclusion Activities:
• Kasih Orang Tua Asuh (KOTA) program aimed at reducing school
dropout rates, especially at the elementary school level.
• Social Financing Facility for PNM, a financial service institution
that finances and empowers Micro, Small, Medium Enterprises, and
Cooperatives.
Community Empowerment Programs:
• Reach Independence and Sustainable Entrepreneurship (R.I.S.E.)
• Visits to Orphanages and Donation for Orphans and the Needy
• Planning for urban farming workshops and Maybank Women
Empowerment programs.
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NATURAL
CSR Initiatives • Maybank Global CR Day 2023, on Saturday, 19 August 2023,
greening Jakarta through collaborative 1,500 tree planting, waste
sorting activities in Jabodetabek area with the Jakarta Provincial
Government, and Financial Literacy in out Region.
• Mangrove planting at the Mangrove Arboretum Park, Tanjung
Benoa Bali, totaling 2,000 trees on Friday, 25 August 2023, to help
reduce carbon footprint in support of the Maybank Marathon 2023.
• Establishment of an eco-village in Bantul Regency, DI Yogyakarta
Province to address waste issue through the utilisation of Waste
Processing Sites based on the principles of Reduce, Reuse, and
Recycle (TPS3R)
Financing for sustainable • Energy efficiency sector: Rp1.5 trillion or 1.4% of total loans (Banks
business initiatives only).
• Biological Resources Management and Sustainable Land Use
Sector: Rp412 billion
• Product Sector that Can Reduce the Use of Resources and Produce
Less Pollution (Ecoefficient): Rp205 billion
• Environmental Building Sector that Meets Nationally, Regionally,
or Internationally Recognized Standards or Certifications: Rp1.4
trillion or 1.3% of total loans (Bank only)
• Business Activities and/or Other Environmentally Friendly
Activities: Rp340 billion
• MSME activities: Rp17.9 trillion or 17.5% of total loans (Banks only)
Policy initiatives on • Implementation of POJK51
Green Loans • Implementation of Green Taxonomy Indonesia
• Implementation of Risk Acceptance Criteria (RAC)
• Published ESG Framework
• Implementation of Sustainable Product Framework (SPF) issued by
Maybank Group
• Implementation of Transition Finance Framework (TFF) issued by
Maybank Group
• Adoption of Climate Policy.
CUSTOMERS
Number of Debtors and Number of debtors of 627 thousand customers in 2023 and depositors
Depositors of 1.8 million customers in 2023.
Responsibility to the The overall customer experience is measured by satisfaction levels
Consumer using the NPS (Net Promoter Score) methodology performed by
external parties.
Service Quality • Commitment to Protect Deposits and Customer Data
Improvement Program Confidentiality
• Provision of a Center for Complaints and Customer Complaints
Handling
• Provision of Product and Service Information
New Products and • Feature for purchasing primary government bonds (conventional)
Activities through the M2U ID application.
• Introduction of additional currency transactions (Local Currency
Settlement) through M2E for MYR, CNY, and THB currencies.
• Launch of the new M2U ID Web internet banking.
• New feature for topping up DANA and ShopeePay e-wallets on
M2U.
• Gold savings investment feature in collaboration with Pegadaian
on M2U.
• Becoming the first bank in Indonesia to launch Shariah Wealth
Management investment solutions.
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INVESTORS
• PBT and PATAMI recorded at Rp2.35 trillion and Rp1.74 trillion
respectively, rose by 15.4% and 18.5% respectively deriving from
better earnings in the Bank’s loan composition, higher fee-based
income, and lower loan loss provision
• NIM improved by 7bps YoY to 4.96% due to improvement in higher
yielding assets coupled with better earning assets composition
Market Capitalsation despite rise in cost of funds.
• Fee income improved by 15.6% to Rp2.0 trillion as fees from Global
Rp 18.4 Trillion Markets transactions grew by 33.6% and non-GM fee which rose 14.%
comprising of recovery fees, credit card related fees, and subsidiarie
• Provisions improved by 11.9% to Rp1.1 trillion
• Loans grew by 7.6% YoY supported growth in all segments
• Customer deposits grew 9.3% as CASA and Time Deposits increased
by 8.6% and 12.9% respectively
EMPLOYEES
• Throughout 2023, the Bank incurred employee competency development costs of Rp95.64 billion
• The average number of training hours held by the Bank was more than 53 hours per employee and 98% of the
employee population had received training opportunities
• Implement talent and successor development programs based on the principle of 70% (experiential-based): 20%
(relationship-based): 10% (formal learning) which can be adapted to dynamic business goals
• Fulfilling human resources competency is focused on fostering a culture of self-learning via a digital learning
platform and continually improving Future Ready Skills to ensure the bank's resilience in the digital age.
REGULATORS
The results of the governance self-assessment at the Bank individually and in a consolidated basis (including the
subsidiaries of WOM & Maybank Finance) each resulted in a score of 2 with a rating of "Good". The rating reflects that
the Management of the Bank and its Subsidiaries have implemented good corporate governance.
COMMUNITIES
• Maybank Indonesia and Maybank Foundation, together with People System Consultancy, continue the Reach
Independence and Sustainable Entrepreneurship (R.I.S.E.) training series for disabled and marginalized
communities. This program aims to enhance entrepreneurial knowledge, microenterprise capabilities of disabled &
marginalized MSMEs, and create independent communities.
• Support for wheelchair runners, including 36 men and 14 women from the Bali Disability Empowerment Center
(PUSPADI Bali), in 4 disability categories on 27 August 2023. This activity aims to provide opportunities for disabled
athletes and promote inclusivity.
ENVIRONMENT
• The Bank has identified that at least 21.2% of the Bank's total loans portfolio has met the Environmental Social
Governance (ESG) criteria.
• Maybank Indonesia implements various efforts in energy use and waste management as well as the use of
environmentally friendly materials.
• Continuing the eco-friendly initiative as an employee's daily lifestyle in participating in a plastic diet by not
providing drinking water in plastic packaging or single-use plastic plates for office activities.
• The Bank implemented Mobile Working concept, which could lead to a decline in fossil fuels and CO2.
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Sustainable
Finance Update
Rp
0.41 trillion
Rp
0.34 trillion
Business activities and/or other
Management of Living Natural environmentally friendly
Resources and Sustainable Use
of Land
Rp
0.21 trillion
Rp
17.88 trillion
Product sector that can reduce
the use of resources and produce
MSME Activities less pollution (Ecorfficient)
2023 Rp
1.48 trillion
21.68
Energy Efficiency
Rp
trillion
Rp
1.36 trillion
Green Buildings that Meet
National, Regional or
International Recognised
Standards or Certifications
Rp
1.09 trillion
Rp
1.45 trillion
Business activities and/or other
Management of Living Natural environmentally friendly
Resources and Sustainable Use
of Land
Rp
0.21 trillion
Rp
17.54 trillion
Product sector that can reduce
the use of resources and produce
MSME Activities less pollution (Ecorfficient)
2022 Rp
2.37 trillion
24.82
Energy Efficiency
Rp
trillion
Rp
2.16 trillion
Green Buildings that Meet
National, Regional or
International Recognised
Standards or Certifications
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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The Bank is committed to providing sustainable financial
solutions and implementing a transition strategy towards
sustainable financial practices and environmentally
friendly products.
Fund Collection
2022 2023
Accounts Accounts
13,576 16,769
Nominal Nominal
Rp6.64 billion Rp 75.08 billion
Fund Distribution
2022 2023
Accounts Accounts
9,328 9,417
Nominal Nominal
Rp24.8 trillion Rp 21.7 trillion
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ESG and
Sustainability 2023
SUSTAINABLE FINANCE
PORTFOLIO
Covering Sustainable Sectors:
21.7
• Energy Efficiency
• Living Natural Resources Management & Sustainable
Rp Trillion Land Use
• Ecoefficient Products
Contributes 21.2% to the • Environmentally Friendly Building
Bank’s loan portfolio • Other Eco-friendly Activities
• MSME
OPERATIONS
Energy Efficiency, Waste Reduction Efforts and Good HC Practices
• Saving electricity consumption in offices, reduction of paper • Gradual use of LED lights in the banking hall, back office,
use, and operational vehicles optimisation; promotional media (signage) in offices;
• Reduction of plastic use; • Implementation of a paperless policy;
• Use of meeting facilities via video conference; • Reducing rental of four-wheeled vehicles, and switching to
• Organising training at local, domestic and regional levels online taxis.
through webinar facilities;
• Gradual use of inverter air conditioners and R32 freon gas in
Maybank offices;
GOVERNANCE
• The Bank has an internal policy on ESG, including a blacklist activity.
• The Bank has established a dedicated Sustainability Team
• The Bank has refined its Risk Acceptance Criteria by incorporating LST/ESG factors for sectors including
Forestry and Timber, Energy, Mining, Oil & Gas, and Real Estate.
• Support for (prospective) borrowers to transition to sustainable financial practices to achieve
decarbonisation processes.
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Support Maybank Group
Sustainability Commitment
COMMITMENT
Mobilising
01 RM 80 Billion
in Sustainable Finance by 2025
Improving the Lives of
02 2 Million
Households
Across ASEAN by 2025
Achieving a
Carbon Neutral Net Zero Carbon
03 position of our own
Equivalent
emissions by 2030 and
position by 2050
Achieving one million hours
per annum on sustainability
04 and delivering one thousand
significant SDG-related
outcomes by 2025
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Initiatives and Digital
Performance Achievements
M2U
• 15% YoY growth in M2U transactions volume with M2U Transaction Volume (Rp trillion)
more than Rp113 trillion transaction as of fourth 30.80
quarter 2023. 29.81
27.36 26.77 25.98
• M2U financial transaction reach more than 21 million
as of fourth quarter 2023, grow by more than 18% YoY.
• More than 164K saving accounts have been opened
digitally through M2U as of fourth quarter 2023.
• Third Party Fund volume through M2U reach more
than Rp8.4 trillion and grow by more than 28% YoY as
end of fourth quarter 2023.
Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
QR Pay Total M2U Transaction (million)
5.79
4.85 5.27 5.27
• QR Pay & CR Cardless Withdrawal transactions 4.85
volume in M2U as of Q4 23 reach more than Rp430
billion, grow by more than 200% YoY.
• Over 167K total Maybank QR Pay merchants as end of
fourth quarter 2023.
Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
M2E M2E Transaction Volume (Rp trillion)
191.21 201.96 215.54
• Total transaction volume as of fourth quarter 2023 183.66 181.92
reach Rp790 trillion, grow by more than 11% YoY.
• Current account average balance as of fourth quarter
2023 maintained at Rp26 trillion, grow by more than
4% YoY.
Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
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New Feature
Launched in 2023
Bonds STP
In the 1st quarter of 2023, Maybank launched Bonds STP features that enables
ICON
customers to purchase primary government bonds (conventional) via M2U ID
App. This feature enrich the Digital Wealth solution in M2U ID App which have
been launched before, such as the mutual fund transaction, 360 portfolio view,
Goal-based investment and expense tracker.
For corporate customers, Bank introduced additional currency transaction
(Local Currency Settlement) through M2E for MYR, CNY and THB currency to
provide option and ease of access for customers.
New M2U ID Web internet banking
ICON In the 2nd quarter of 2023, Maybank launched the New M2U ID Web internet
banking with new and improved customer experience. In addition, there are
several new features on the new M2U ID Web, such as the Digital Wealth
Customer 360 portfolio view which enable customer to view all of their financial
portfolio on a single page, customization of the user interface theme and the
mobile-phone-friendly user interface.
To further strengthen M2U positioning as the one stop solution financial App
and fulfill customer financial and lifestyle needs, Maybank has also launched
Shariah Primary Government Bonds transaction and Maybank Marathon
running slot payment on M2U ID App.
DANA and ShopeePay e-wallet top-up
ICON In the 3rd quarter of 2023 Maybank introduced the DANA and ShopeePay
e-wallet top-up new M2U features. Those new features further strengthen M2U
positioning as the one stop solution financial App to fulfill customer financial
and lifestyle needs.
Gold Saving investment M2U
ICON In the 4th quarter of 2023, Maybank launched Gold Saving investment M2U
feature in collaboration with Pegadaian. With this feature, customer can open
digital Gold saving account thru M2U and conveniently buy and sell Gold. This
feature enrich M2U Digital Wealth solution offering with previously available
product such as Time Deposit, Mutual Fund and Bonds
PT Bank Maybank Indonesia Tbk 2023 Annual Report 25
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Main Highlights Financial Highlights 28 Operational Highlights 32 Shares Highlights 33 Bond, Sukuk, or Convertible Bond Highlights 35 Corporate Ratings 36 Event Highlights in 2023 38 Maybank Sustainability Day 2023 41 Awards and Certifications 44
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Financial
Highlights
in million Rupiah
CONSOLIDATED STATEMENT OF FINANCIAL
2023 2022 2021 2020 2019
POSITIONS
Total assets 171,803,070 160,813,918 168,712,977 173,190,035 169,082,830
Loans ¹⁾ 116,002,006 107,815,087 101,770,531 105,271,330 122,578,758
Loans - net ¹⁾ 112,479,905 104,456,619 98,502,884 102,041,553 120,018,768
Financial investments - net
Marketable securities 30,584,181 28,429,318 29,102,397 24,099,718 15,266,009
Government recapitalization bonds - - - - 1,122,910
Investment in shares 167,793 170,369 172,312 173,768 167,787
Allowance for impairment losses (397) (4,391) (5,453) (6,722) (47,489)
Total financial assets - net 30,751,577 28,595,296 29,269,256 24,266,764 16,509,217
Earning assets - net 153,315,630 141,563,727 153,576,899 158,618,651 151,812,571
Deposits from customers 115,502,508 105,706,302 114,898,775 115,003,047 110,601,006
Deposits from other banks 4,782,896 3,165,693 5,162,363 8,236,126 3,134,059
Borrowings 7,744,928 9,949,742 6,917,309 6,041,622 9,189,435
Total liabilities (excluding minority interest) 141,007,036 131,279,968 139,826,538 145,844,522 142,397,914
Total equity 30,796,034 29,533,950 28,886,439 27,345,513 26,684,916
AVERAGE CONSOLIDATED STATEMENT OF
2023 2022 2021 2020 2019
FINANCIAL POSITIONS
Total assets 166,308,494 164,763,448 170,951,506 171,136,433 173,307,844
Loans ¹⁾ 111,908,547 104,792,809 103,520,931 113,925,044 127,964,119
Loans - net ¹⁾ 108,468,262 101,479,752 100,272,219 111,030,161 125,545,236
Financial investments - net
Marketable securities 29,506,750 28,765,858 26,601,058 19,682,864 14,386,282
Government recapitalization bonds - - - 561,455 2,024,876
Investment in shares 169,081 171,341 173,040 170,778 167,787
Allowance for impairment losses (2,394) (4,922) (6,088) (27,106) (54,345)
Total financial assets - net 29,673,437 28,932,276 26,768,010 20,387,991 16,524,601
Earning assets - net 147,439,679 147,570,313 156,097,775 155,215,611 155,450,246
Deposits from customers 110,604,405 110,302,539 114,950,911 112,802,027 113,706,697
Deposits from other banks 3,974,295 4,164,028 6,699,245 5,685,093 3,675,991
Borrowings 8,847,335 8,433,526 6,479,466 7,615,529 9,874,046
Total liabilities (excluding minority interest) 136,143,502 135,553,253 142,835,530 144,121,218 147,420,041
Total equity 30,164,992 29,210,195 28,115,976 27,015,215 25,887,804
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in million Rupiah
CONSOLIDATED STATEMENTS OF INCOME 2023 2022 2021 2020 2019
Net interest income and sharia 7,233,623 6,977,850 7,117,279 7,259,810 8,167,975
Other operating income 2,040,568 1,681,836 2,090,320 2,379,393 2,587,166
Allowance for impairment losses on financial instruments (1,115,060) (1,266,220) (1,540,064) (2,075,674) (1,780,943)
and provision for possible losses on non-earning assets
Other operating expenses (6,926,303) (6,603,492) (6,987,873) (7,788,294) (8,178,275)
Operating income - net 2,347,888 2,056,194 2,219,726 1,850,909 2,576,866
(Expenses)/non operating income - net 6,786 (15,968) (17,064) (32,264) 22,228
Income before tax expense 2,354,674 2,040,226 2,202,662 1,818,645 2,599,094
Tax expense - net (536,924) (507,015) (501,734) (534,253) (674,914)
Income for the year 1,817,750 1,533,211 1,700,928 1,284,392 1,924,180
Income for the year attributable to:
Equity holders ot the parent company 1,743,406 1,471,070 1,666,316 1,266,348 1,842,520
Non-controlling interest 74,344 62,141 34,612 18,044 81,660
Total comprehensive income/(loss) for the year - net of tax 1,869,253 1,151,473 1,794,195 1,613,692 2,163,127
Total comprehensive income/(loss) for the year attributable
to:
Equity holders ot the parent company 1,793,756 1,087,722 1,755,903 1,590,380 2,080,316
Non-controlling interest 75,497 63,751 38,292 23,312 82,811
Basic earnings per share (Full Rupiah) 23 19 22 17 24
Shares data:
The amount of shares issued and paid-up (thousands) 76,215,196 76,215,196 76,215,196 76,215,196 76,215,196
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Highlights Report Profile and Analysis
in million Rupiah
FINANCIAL RATIOS 2023 2022 2021 2020 2019
Capital
Capital Adequacy Ratio (Total Ratio ) 27.74% 26.65% 27.10% 24.31% 21.38%
Fixed assets to capital 21.03% 18.02% 18.73% 18.68% 18.63%
Asset Quality
Non performing earnings assets to earnings assets 2.08% 2.49% 2.32% 2.58% 2.62%
Non performing loan (NPL) ¹⁾ 2.92% 3.46% 3.69% 4.00% 3.33%
Non performing loan - net (NPL - net) ¹⁾ 1.88% 2.34% 2.56% 2.49% 1.92%
Allowance for impairment losses on financial assets to 2.36% 2.45% 2.18% 2.09% 1.72%
earning assets
Fullfillment of required allowance for possible losses 123.03% 110.56% 95.59% 92.73% 77.09%
Rentabilitas
Return on assets (ROA) 1.41% 1.25% 1.34% 1.04% 1.45%
Return on equity (ROE) 6.20% 5.44% 6.36% 5.13% 7.73%
Net interest margin (NIM) 4.96% 5.05% 4.69% 4.55% 5.07%
Operating expenses to operating revenues (BOPO) 83.13% 83.10% 82.69% 87.83% 85.78%
Net interbank taking to Tier I Capital 9.62% 2.30% -33.81% -18.83% -8.79%
Liabilities to total equity 4.58 4.45 4.84 5.33 5.34
Liabilities to total assets 0.82 0.82 0.83 0.84 0.84
Liquidity
Loans to Deposits (LDR) 2) 84.25% 86.92% 76.28% 79.25% 94.13%
Liquidity Coverage Ratio (LCR) 2) 208.16% 168.50% 183.23% 214.13% 145.21%
Net Stable Funding Ratio (NSFR) 2) 115.54% 109.09% 109.95% 116.10% 105.95%
Compliance
Percentage of Legal Lending Limit (LLL) violation 0.00% 0.00% 0.00% 0.00% 0.00%
Minimum Statutory Reserves (GWM) Rupiah
Primary 2) 7.12% 8.47% 4.13% 3.88% 6.06%
Macroprudential Liquidity Buffer (PLM) 2) 24.14% 26.78% 26.78% 21.99% 12.18%
Minimum Statutory Reserves (GWM) Foreign Currency 2) 4.58% 4.45% 4.47% 4.36% 8.41%
Net Open Position (NOP) 2)
4.61% 2.61% 3.38% 7.37% 4.55%
Note:
1) Including consumer financing receivables
2) Bank only
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Total Assets Loans
(In billion Rupiah) (In billion Rupiah)
171,803 168,713 173,190 169,083 116,002 122,579
160,814
107,815 101,771 105,271
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Customers' Deposits Profit Before Tax
(In billion Rupiah) (In billion Rupiah)
115,503 114,899 115,003 110,601 2,599
105,706 2,355 2,203
2,040
1,819
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Net Interest Income
(In billion Rupiah)
8,168
7,234 6,978 7,117 7,260
2023 2022 2021 2020 2019
Profit After Tax and
Non- Controlling Interest
(PATAMI)
(In billion Rupiah)
1,843
1,743
1,666
1,471
1,266
2023 2022 2021 2020 2019
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Highlights Report Profile and Analysis
Operational
Highlights
OPERATIONAL SUMMARY
Description 2023 2022 2021 2020 2019
1. Total Employees 6,965 6,922 6,803 6,887 7,048
2. Total Branch Offices 97 97 98 94 94
3. Total Sub Branch Offices 240 248 258 267 280
4. Total ATMs 739 869 1,033 1,349 1,484
5. Total Cash Deposit Machines (CDM) - - - 79 87
6. Total Cash Recycle Machines (CRM) 26 26 - - -
7. Cash Mobile 22 22 22 22 22
8. Digital Transaction (Rp Billion) 129,632 114,626 95,264 78,348 72,233
GLOBAL BANKING SEGMENT Rp Trillion
Description 2023 2022 2021 2020 2019
Deposits from Customer 30.4 24.3 34.9 31.1 19.7
Current Account 11.1 9.4 12.0 8.9 4.1
Saving Account - - - - -
Time Deposits 19.3 14.9 22.9 22.1 15.6
Total Loans 41.7 40.6 38.0 34.5 32.1
CFS NON-RETAIL SEGMENT Rp Trillion
Description 2023 2022 2021 2020 2019
Deposits from Customer 39.3 38.6 36.2 33.1 39.4
Current Account 20.4 20.4 18.9 14.0 14.3
Saving Account 0.7 0.7 0.7 0.7 0.6
Time Deposits 18.2 17.4 16.6 18.4 24.5
Total Loans 30.8 28.2 29.5 36.7 48.3
CFS RETAIL SEGMENT Rp Trillion
Description 2023 2022 2021 2020 2019
Deposits from Customer 45.7 42.8 43.8 50.8 51.5
Current Account 4.2 2.6 1.5 1.7 1.2
Saving Account 22.5 21.2 21.2 20.5 20.3
Time Deposits 19.0 19.1 21.1 28.6 30.0
Total Loans 43.5 39.0 34.3 34.0 42.2
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Shares
Highlights
INITIAL PUBLIC OFFERING
Maybank Indonesia is one of the leading private banks in Indonesia, part of the Malayan Banking Berhad (Maybank) group, one of the
largest financial services provider groups in ASEAN. Previously Maybank Indonesia was known as PT Bank Internasional Indonesia Tbk
(BII), which was founded on May 15, 1959, obtained its license as foreign exchange bank in 1988 and listed its shares as a public company
in Jakarta Stock Exchange and Surabaya Stock Exchange (now merged as Indonesia Stock Exchange) in 1989.
SHARE PRICE PERFORMANCE
Price Market
Transaction Total Shares
Year Quarter Highest Lowest Closing Capitalization
Volume Outstanding
(Rupiah) (Rupiah) (Rupiah) (Rupiah)
I 250 222 230 69,975,800 76,215,195,821 17,529,495,038,830
II 256 226 256 84,956,100 76,215,195,821 19,511,090,130,176
2023
III 304 256 266 303,226,700 76,215,195,821 20,273,242,088,386
IV 264 242 242 53,027,000 76,215,195,821 18,444,077,388,682
I 332 296 304 300,860,200 76,215,195,821 23,169,419,529,584
II 302 266 270 58,652,300 76,215,195,821 20,578,102,871,670
2022
III 274 256 256 44,453,800 76,215,195,821 19,511,090,130,176
IV 258 222 228 33,274,500 76,215,195,821 17,377,064,647,188
BANK STOCK TRADING IN THE LAST 2 YEARS
Description 2023 2022
Highest Price (in Rupiah) 304 332
Lowest Price (in Rupiah) 222 222
Closing Price (in Rupiah) 242 228
Market Capitalization (in billion Rupiah) 18,444 17,377
Net Income per Share (in Rupiah) 22.87 19.30
Book Value per Share (in Rupiah) 404 388
P/E (x) 10.58 11.81
P/BV (x) 0.60 0.59
PT Bank Maybank Indonesia Tbk 2023 Annual Report 33
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SHARES PERFORMANCE
2023
Closing Price (Rp) Transaction Volume (Shares)
400 80,000,000
350 70,000,000
300 60,000,000
250 50,000,000
200 40,000,000
150 30,000,000
100 20,000,000
50 10,000,000
0 0
January February March April May June July August September October November December
2022
Closing Price (Rp) Transaction Volume (Shares)
400 80,000,000
350 70,000,000
300 60,000,000
250 50,000,000
200 40,000,000
150 30,000,000
100 20,000,000
50 10,000,000
0 0
January February March April May June July August September October November December
Closing Price Transaction Volume
CORPORATE ACTIONS SUSPENSION AND/OR DELISTING
Throughout the fiscal years ending on 31 December 2023 and Throughout 2023 and 2022, Maybank Indonesia was not
31 December 2022, Maybank Indonesia did not undertake any subjected to any stock trading sanctions, including temporary
corporate actions resulting in alterations to its shares, such as suspension of stock trading (suspension) or removal from stock
stock splits, reverse stock combinations, stock dividends, bonus listing (delisting) on the stock exchange.
shares, changes in par value of shares, issuance of convertible
securities, and capital increases and decreases.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Bond, Sukuk, or
Convertible Bond Highlights
OUTSTANDING BONDS OR SUKUK IN THE PAST 2 YEARS
Nominal Rating
Date of
Amount
Interest Tenor Listing Maturity Payment
Bond Series (in Date of Issue
Rate (year) 2023 2022 on the Date Status
Millions
Exchange
Rupiah)
Shelf Registered Bonds IV Bank Maybank Indonesia Tranche I Year 2022
Series A 400,000 3.80% 370 days idAAA idAAA 8 July 2022 11 July 2022 18 July 2023 Paid
(PEFINDO) (PEFINDO)
Series B 300,000 6.25% 3 idAAA idAAA 8 July 2022 11 July 2022 8 July 2025 Not Paid Off
(PEFINDO) (PEFINDO)
Series C 300,000 6.80% 5 idAAA idAAA 8 July 2022 11 July 2022 8 July 2027 Not Paid Off
(PEFINDO) (PEFINDO)
Shelf Registered Bonds III Bank Maybank Indonesia Tranche I Year 2019
Series A 308,000 7.55% 370 days - - 3 July 2019 4 July 2019 13 July 2020 Paid
Series B 624,000 8.50% 3 - idAAA 3 July 2019 4 July 2019 3 July 2022 Paid
(PEFINDO)
Series C 68,000 8.70% 5 idAAA idAAA 3 July 2019 4 July 2019 3 July 2024 Not Paid Off
(PEFINDO) (PEFINDO)
Shelf Registered Bonds II Bank Maybank Indonesia Tranche IV Year 2019
Series A 408,300 7.75% 370 days - - 27 March 2019 28 March 2019 7 April 2020 Paid
Series B 232,200 8.70% 3 - idAAA 27 March 2019 28 March 2019 27 March Paid
(PEFINDO) 2022
Shelf Registered Bonds II Bank Maybank Indonesia Tranche III Year 2018
Series A 235,000 7.80% 370 days - - 26 October 29 October 6 November Paid
2018 2018 2019
Series B 69,000 8.60% 3 - - 26 October 29 October 26 October Paid
2018 2018 2021
Series C 75,000 8.80% 5 idAAA idAAA 26 October 29 October 26 October Paid
(PEFINDO) (PEFINDO) 2018 2018 2023
Shelf Registered Bonds II Bank 645,500 7.15% 5 idAAA idAAA 15 March 2018 16 March 2018 15 March 2023 Paid
Maybank Indonesia Tranche II (PEFINDO) (PEFINDO)
Year 2018
Shelf Registered Bonds II Bank Maybank Indonesia Tranche I Year 2017
Series A 435,000 8.00% 5 - idAAA 11 July 2017 12 July 2017 11 July 2022 Paid
(PEFINDO)
Series B 300,000 8.50% 7 idAAA idAAA 11 July 2017 12 July 2017 11 July 2024 Not Paid Off
(PEFINDO) (PEFINDO)
Series C 100,000 8.65% 10 idAAA idAAA 11 July 2017 12 July 2017 11 July 2027 Not Paid Off
(PEFINDO) (PEFINDO)
Shelf Registered Subordinated 800,000 9.625% 7 idAA idAA 10 June 2016 13 June 2016 10 June 2023 Paid
Bonds II Bank Maybank (PEFINDO) (PEFINDO)
Indonesia Tranche II Year 2016 & AA (idn) & AA (idn)
(Fitch) (Fitch)
CONVERTIBLE BONDS
Until the end of 2023, Maybank Indonesia did not issue/list sukuk or convertible bonds. Therefore, the Company does not present
information related to the number of sukuk/convertible bonds outstanding, interest/reward rate, maturity date, sukuk/convertible bond
rating.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 35
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Corporate
Ratings
No Rating Agencies Rating Date Criteria Rating
1 PEFINDO March 2023 Corporate Rating idAAA, Stable Outlook
Shelf Registered Bond IV idAAA
Shelf Registered Bond III idAAA
Shelf Registered Bond II idAAA
Shelf Registered Subordinated Debt II (matured) idAA
2 Fitch Ratings Indonesia December 2023 Long-Term National Ranking AAA(idn), Stable Outlook
Short-term National Ranking F1+(idn)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
PT Bank Maybank Indonesia Tbk 2023 Annual Report 37
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Main Management Company Management Discussion
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Event
Highlights in 2023
24-25 January 01 2 February 02
Maybank Sales Service Summit & Inauguration of Maybank Indonesia KC
Awards Night 2023 Kota
This annual event aims to communicate vision, target Maybank Indonesia inaugurated the Kota Branch
and strategy for year 2023 to all branches and to Office in Jakarta. The opening of this branch is part
reward employees who achieved best performance. of Maybank Indonesia's efforts to expand service
coverage and meet customer banking transaction
needs.
06
31 March
Annual General Meeting of Shareholders
Maybank Indonesia held its Annual General Meeting of
Shareholders ("AGM")
Maybank Indonesia's Annual General Meeting of
Shareholders (AGMS) at Senayan, Jakarta. The AGM
approved the audited Consolidated Financial Statements
for the financial year ending 31 December 2022 and
approved using net profit for the 2022 financial year. The
meeting also approved the Bank's Board of Commissioners
and Directors' re-appointment.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
15 March 30 March
29 March
Maybank Indonesia Economic Waqf Feature in Shariah Life
Outlook 2023 Shariah Banking Collaboration in SIKA Insurance
Maybank Indonesia held its annual Transactions Through its Shariah Unit, Allianz Life Indonesia
Maybank Economic Outlook forum Maybank Indonesia Shariah Banking Unit (UUS) and introduced the waqf feature in MyProtection
highlighting "Sustaining Indonesia's three other Shariah banks of Bank Syariah Indonesia Tbk Bijak II shariah-based unit-linked life insurance
Economic Recovery Momentum", (BSI), Bank Muamalat Indonesia, and Bank Mega Syariah product, which provides protection solutions
presenting the Coordinating Minister for signed an agreement for the interbank Shariah-based and long-term investment benefiting Maybank
Economic Affairs, Airlangga Hartarto as the Commodity Trading Certificate (SIKA) transaction facility Indonesia customers' financial plans in the
keynote speaker. to further strengthen the Shariah interbank money market future.
in Indonesia.
03 04 05
14 April 23 May
Maybank Indonesia Fast- Public Expose
breaking with Orphans Maybank Indonesia held its Annual Public Expose at Head
Maybank Indonesia expressed gratitude Office, Senayan, Jakarta in order to present its financial
to God by sharing goodwill with performance ended 31 March 2023 and was attended by
orphans during Ramadhan and hosting a shareholders, media, and public.
breakfasting event. This event was held at
the Head Office of Maybank Indonesia and
broadcasted virtually.
07 08
PT Bank Maybank Indonesia Tbk 2023 Annual Report 39
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13 June
09 July 10
Maybank Indonesia Anniversary Through Panen Omset, Maybank Indonesia
Dinner 2023 Shariah Business Unit (UUS) Supports
Maybank Indonesia celebrates its 64th Sustainable MSME Business
Anniversary by organizing a gala dinner at the Maybank Indonesia) through its Shariah Business Unit
Fairmont, Jakarta and was attended by hundreds (UUS), organized training and mentoring, Panen Omset
of loyal customers, regulators and other 2023, with the theme "Sustainable MSME Business",
stakeholders. together with SIRCLO, aimed to increase the digital
literacy of business owners.
14 15 16
26 August 5 September 6 September
Maybank Holds Its Annual Marathon, National Customer Day, Maybank ASEAN Indo-Pacific Forum 2023:
Marking Event's 12th Year Indonesia Gives Surprise for Loyal Bridging Digital Divide - Digitizing
The first and only elite road race in Indonesia, Customers Infrastructure & MSMEs
the Maybank Marathon, hosted by Maybank In celebrating National Customer Day, Maybank Indonesia Group President & Chief Executive Officer of
Indonesia, took place again and drew runners from greeted customers through various activities in Jakarta Maybank, Dato' Khairussaleh Ramli, was one of
50 countries. The Maybank Marathon offered a and all branches in Indonesia during September 2023 by the panellists in the panel discussion session of
total prize of Rp2.7 billion (US$178,000) for 86 carrying the theme 'Journey to Customer Centricity'. the third subtheme of the ASEAN Indo-Pacific
winners. Forum 2023, Inclusive Digital Transformation
entitled 'Bridging Digital Divide: Opportunities
and challenges in Digitizing Infrastructure and
MSMEs' in Jakarta.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
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1 August
11 18 August
12 19 August
13
Maybank Disburses Rp1 Trillion BMW as Lead Car of Maybank Marathon Global CR Day Maybank Indonesia
Financing for MSMEs Through PNM 2023 Maybank Indonesia held a tree planting
Through its Shariah Business Unit (UUS), Maybank BMW Group Indonesia and Maybank Indonesia continued and waste sorting event to implement the
Indonesia disbursed Mudharabah financing to their strategic collaboration as Sustainable Mobility Sustainability Development Goals (SDGs)
PT Permodalan Nasional Madani (PNM) worth Partners of Maybank Marathon 2023 and conducted a through the Global Corporate Responsibility
Rp1 trillion. This financing is intended to support ceremonial handover of a series of BMW vehicles. Day (Global CR Day) 2023 event entitled 'Untuk
underprivileged women ultra-micro business and Bumi Indonesiaku'.
was the first sustainable social finance-based
financing from Maybank Indonesia.
18 September
17 25 September
18 6 October
19
Maybank Indonesia Distributes First Maybank Launches Shariah Wealth UUS Maybank Indonesia
IMBT Financing at PLN Group Management Distributed Benevolent Funds for
Maybank Indonesia signed an agreement to Through its Shariah Business Unit (UUS), Maybank Rumah Yatim
provide financing facilities to PT Pelayanan Listrik Indonesia launched Maybank Shariah Wealth Maybank Indonesia, through its Shariah
Nasional Batam (PLN Batam) worth Rp588 billion Management as an effort to realize the commitment Business Unit (UUS), has distributed aid to
which will be used to construct PT PLN Batam's to improve the quality of banking services to loyal support 471 orphans and poor people living in
power plant assets to support its efforts towards customers through five pillars, i.e. wealth creation, wealth Mukim and Non-Mukim Dormitories assisted
decarbonization. accumulation, wealth presentation, wealth purification, by Rumah Yatim throughout Indonesia. This
and wealth distribution. assistance is also part of the Benevolent Fund
distribution program managed by UUS Maybank
Indonesia.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 41
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Main Management Company Management Discussion
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14 November
20 25 November 21 8 December
22
Maybank Indonesia Signs Maybank Indonesia Supports EcoVillage in Maybank Indonesia Holds
Agreement to Use the Ibu Soed's Yogyakarta Financial Literacy through the
Song Through its corporate responsibility activities, KOTA Program
Maybank Indonesia implements the right-of-use Maybank Indonesia collaborates with BenihBaik.com In the spirit of the International Volunteer's
agreement with Ibu Soed's Granddaughter and for comprehensive waste management to encourage Day celebration, Maybank Indonesia
Song Rights Holder, Carmanita, to use the song sustainable progress in Yogyakarta. held financial literacy and sustainability
"Naik-naik ke Puncak Gunung" as the soundtrack activities through the Kasih Orang Tua
of the M2U Maybank Indonesia 2023's Asuh (KOTA) Program to elementary school
advertisement for two years. It visualizes the students in North Jakarta.
Bank's spirit of always being ready to support
customers to achieve a more prosperous life and
grow together.
23
10 December
Maybank Indonesia Launches
Celebrity Fitness and Fitness First
Credit Card
Maybank Indonesia launches the Maybank
19 December
24
Celebrity Fitness Credit Card and Maybank
Maybank Indonesia Signs Collective Work Agreement for the
Fitness First Credit Card in Jakarta, and attended
2023-2025 Period
by members of the sports community who
Maybank Indonesia has signed a Renewal of the Collective Work Agreement for the
joined in the spirit of togetherness to be active
2023-2025 Period. The signing was conducted by the President Director of Maybank
and exercise.
Indonesia, Taswin Zakaria, and the Director of Human Capital, Irvandi Ferizal, with
workers' organisations.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 45
Functional Good Corporate Corporate Social Consolidated Financial
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Maybank
Sustainability Day 2023
PT Bank Maybank Indonesia Tbk 2023 Annual Report 43
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Main Management Company Management Discussion
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Awards and
Certifications
01 02 03
Mastercard Indonesia JCB Indonesia Clients 2022 Award Excellence in Mobile
Client Forum 2022 Award 1. Best Issuing International Sales Banking
Best Spend for Credit Volume Platinum Product in Asia Trailblazer Awards
Active Card Indonesia 2022 2023
2. Outstanding Product for Japan
Campaign 2022
07 08
Gold
Index 52, Maybank Listed in the High HR Excellence Award by Human
Dividend category Resources Online
PT Bank Maybank Indonesia Tbk (BNII)
occupies the High Dividend category in Gold recognition for:
Index52, which was launched on 23 June • Best HR Team
2023. This issuer recorded a dividend yield • Excellence in HR Communication
growth of 2.21% in five years. Index52 is Strategy
the latest index that can be used as an • Excellence in HR Innovation
alternative index for young investors. This • Excellence in Hybrid Working
index is compiled based on several criteria, • Excellence in Total Rewards Strategy;
including market capitalization (market cap),
frequency and volume of shares traded per Silver recognition for:
day, amount of free float, and number of • Excellence in Talent Acquisition
shareholders. • Excellence in In-House Talent Pipeline
Strategy
PT Bank Maybank Indonesia Tbk Laporan
2023 Annual
Tahunan
Report
2023
Page 47
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
04 05 06
Indonesia Human Best Companies To Work For Human Capital on Resilience Award
Resources Award by in Indonesia by HR Asia The 2023
Warta Ekonomi Media Maybank Indonesia awarded Human
The Best HR Management the only company in Indonesia Capital on Resilience Award 2023 for
for The Outstanding received it for 8th consecutive three consecutive years. The award was
Commitment to Improve years). given to Maybank Indonesia for:
Employee Competence and - The Best in Workforce Flexibility &
Welfare. Mobility
- Excellence in HC Change
Management & Communication
Strategy
- The Best Labor Relation
- The Most Resilience Company 2023
- The Best Leadership Development
focus on HC for Bpk. Irvandi Ferizal
9
Silver
The 2023 U.S. Dollar
Clearing Elite Quality
Recognition Award
for Outstanding
Achievement of Best-in-
Class MT202 STP Rate
100% by J.P Morgan
PTPT
Bank
Bank
Maybank
Maybank
Indonesia
Indonesia
TbkTbk
Laporan
2023 Annual
TahunanReport
2023 45
Page 48
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
10 11
Indonesia Human Capital VISA Indonesia Client
Award Forum 2023 Award
by Economic Review Category: The Highest
• The Best Upskilling & YoY Infinite Credit Card
Accelerated Learning Volume Growth
Development
• The Best Human Capital
Director (personal
award)
14 15
Peserta Sistem The 2nd place in Satisfaction, Loyalty, and Engagement (SLE) Survey
Pembayaran BI (SKNBI 2024
dan KPDHN) Terbaik for Tier 3 Capital Bank Group (KBMI) by MRI and Infobank Magazine
untuk Bank KBMI 3 dan 4 – and:
Bank Indonesia a. 1st place for category: Marketing Engagement.
b. 1st place for the category: Customer Satisfaction in Security Guard.
c. 1st place for the category: Mobile Banking.
d. 2nd place for the category: Customer Satisfaction.
e. 2nd place for the category: Customer Loyalty.
f. 2nd place for the category: Strong Customer Engagement.
g. 2nd place for the category: Branch Interactivity.
h. 3rd place for the category: Customer Satisfaction on Branch Office.
i. 3rd place for the category: Customer Satisfaction on ATM service.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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12 13
The 2023 U.S Dollar Payments The 2nd place for Non SOE
Straight Through Processing and Non ROE Financial
Excellence Award Companies
for Commercial Payments STP Annual Report Award
Rate 99.7% by Citibank 2022.
16
JCB Indonesia Clients
2023 Award
• Best Issuing
International Sales
Volume in Platinum
Products in Indonesia
2023
• Best Japan Dining
Campaign 2023
PT Bank Maybank Indonesia Tbk 2023 Annual Report 47
Page 50
Management Report Report of the Board of Commissioners 50 Report of the Board of Directors 58 Report from the Shariah Supervisory Board 70 Statements of Responsibility for 72 2023 Annual Report by the Board of Commissioners of PT Bank Maybank Indonesia Tbk Statements of Responsibility for 73 2023 Annual Report by the Board of Directors of PT Bank Maybank Indonesia Tbk
Page 51
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Main Management Company Management Discussion
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Report of the
Board of Commissioners
The Board of Commissioners believes that the Board of
Directors is closely monitoring macroeconomic trends
and actively seeking to develop new capabilities.
The Board of Directors can maximise the implementation
of the M25+ strategy, allowing the Bank to become
more agile, customer-centricity-focused,
and support long-term growth.
Dear Valued Shareholders and Stakeholders,
Please allow us to begin this report by congratulating the Board Throughout 2023, the Board of Commissioners undertook
of Directors and Maybankers on the Bank's performance and a variety of activities to carry out its supervisory duties and
achievements in 2023. The entire team's dedication, hard work, responsibilities. Through this Board of Commissioners Report, we
and outstanding collaboration have contributed to Maybank will objectively convey our views and assessments of the Board
Indonesia's achievements, which truly deserve appreciation. We of Directors' management performance in 2023, as well as our
hope that we will not get complacent and that this success will oversight as the Board of Commissioners in the formulation and
reflect present progress and serve as a solid foundation for the implementation of the Bank's strategy. In this report, we also
Bank's future growth and sustainability. discuss our thoughts on the Bank's governance implementation
as well as our outlook on the Bank's future business prospects.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 53
Dato’ Khairussaleh Ramli
President Commissioner
PT Bank Maybank Indonesia Tbk 2023 Annual Report 51
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BOARD OF DIRECTORS PERFORMANCE The Bank’s total loan reached Rp116.0 trillion, grew by 7.6%
ASSESSMENT driven by growth across all business segments, in line with
Overall, the Board of Commissioners believes that the Board increasing demand for retail and non-retail credit following an
of Directors' performance is satisfactory, as evidenced by the increase in public consumptions and the economy continue to
results of improved performance in 2023 compared to 2022. stabilise. The CFS Retail and Non-Retail loans grew by 11.5% and
Global economic trends were unpredictable throughout the year, 9.3% respectively. Meanwhile the Bank’s corporate segment,
and geopolitical tensions remained high. Financial institutions Global Banking, booked a 2.6% growth.
are facing difficult times, with banking crises in the United States
and Europe causing significant market volatility for the industry In 2023, the Board of Commissioners also saw more productive
globally. Concerns about a global recession are exacerbated by asset management and improved credit quality. The Bank
the question about of how long central banks will keep high- recorded lower Non-Performing Loanss (NPL), Gross Impaired
interest rates in order to reduce inflation. Loan (GIL), and Loan at Risk (LAR) ratios, followed by
improvement in cost of credit.
Domestically, Indonesia's economy has proven resilient in the
face of global economic developments. This also unlocks new SUPERVISION OF THE FORMULATION AND
growth potential for many industries, albeit not entirely. In IMPLEMENTATION OF BANK STRATEGIES
addition, Maybank Indonesia is well-positioned to withstand any AND POLICIES
instability with a business plan to grow organically under the In accordance with the Articles of Association, we have
medium-term corporate strategy known as M25+. performed a variety of duties and responsibilities as part of the
Board of Commissioners' oversight of the Bank's management,
The Board of Commissioners believes that the Board of Directors including overseeing the formulation and implementation of the
is closely monitoring macroeconomic trends and actively seeking Bank's strategies and policies, including the M25+ strategy.
to develop new capabilities. The Board of Directors can maximise
the implementation of the M25+ strategy, allowing the Bank to Maybank Group and the Bank's management have perfected
become more agile, customer-centricity-focused, and support M25+ by developing 12 strategic programmes, one of which is
long-term growth. We also note that the Board of Directors Uplift Indonesia (SP#7). We have the full support of the Maybank
continues to drive the Bank to achieve strong growth, maintain Group to achieve Maybank Indonesia's goals of improving the
profitability, and maximise liquidity management. Bank's position over the coming years. The implementation
of Uplift Indonesia's initiatives in 2023 has reached numerous
The Bank’s solid performance throughout the year is one of the significant milestones, including the establishment of Shariah
factors that influence our assessment of the Board of Directors' Wealth Management (SWM), a proposition and service based on
performance. This is reflected in a significant improvement in net Sharia principles and laws tailored to the stages of the customer's
profit, with loans growth across all segments and followed by a life journey.
healthy growth in Current Account and Saving Account (CASA).
The Bank also recorded improvement in loan yields as well as We are of the view that the Bank is committed to become a
increase in the composition of the Bank's productive assets, leader in sustainability aspects, including assisting debtors
particularly retail and RSME segment financing. We note that and/or potential debtors to make an effort for decarbonization
the Net Interest Margin (NIM) has likewise improved to 4.96% transition towards sustainable practices in line with the
in December 2023. Maybank Indonesia has attained increased Maybank Group Sustainability Commitment. We will also ensure
Profit Before Tax (PBT) and Profit after Tax and Minority Interest stakeholders’ engangement are in place so the sustainability plan
(PATAMI) due to increased revenues from higher loan yields and and strategy are right on target.
improved fee income. The Bank's PBT grew by 15.4% and was
recorded at Rp2.4 trillion, while PATAMI grew by 18.5% and was Maybank Indonesia is committed to providing sustainable
recorded at Rp1.7 trillion. finance, while also creating new business opportunities to
achieve our sustainable development potentials. One of these
opportunities was the financing of Rp1.5 trillion for Sustainable
Business Activities Category (KKUB) in energy efficiency.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Maybank Group also aims to mobilise RM80 billion in sustainable The global economy will continue to encounter numerous
finance by 2025. In 2023, we mobilised Rp1.2 trillion for MSME complicated issues, with growth expected to be only 2.9% in
financing to 287,500 underprivileged women. Total financing 2024, weaker than 3.0% in 2023. The domestic economy faces
in KKUB was Rp21.7 trillion, accounting for 21.2% of the Bank’s significant uncertainty, with a projected growth rate of 4.7-5.5%
total loans. It was part of our portfolios based on the Sustainable in 2024. We hope that the General Election goes successfully,
Product Framework (SPF) criteria, which guides the development creating opportunities for economic growth through domestic
and classification of green, social, sustainable, sustainability- activity, particularly increased public consumption.
linked, and transition products.
With improving economic conditions, the real sector will
The Board of Commissioners maximises its functions and continue to thrive, allowing banks to better perform their
roles by supervising and providing guidance, suggestions, intermediation function, ultimately affecting the Bank credit
and recommendations for developing and implementing the growth. The Board of Commissioners supports efforts to
Bank's policies and strategies. The Board of Commissioners implement the Bank's business development strategy in both the
also assesses the Bank's financial and commercial operational short and long term, and the ongoing transformation process to
performance, human resource management, information ensure sustainable business growth.
technology and digital banking, governance implementation, and
other relevant issues. We can also see that the Board of Directors' 2024 RBB refers
to the refinement of the transformation process and the
VIEWS ON THE BANK'S BUSINESS PROSPECTS development of new initiatives, while taking into account
PREPARED BY THE BOARD OF DIRECTORS the prospects for economic growth, market developments,
We should be grateful that the ASEAN region's economy and significant issues that influence the Bank's business
continues to grow, despite the fact that numerous geopolitical development.
crises continue to have an impact on it. This improving
economy helps the Bank achieve promising growth and lays the The Bank's business growth in 2024 is expected to be driven
groundwork for us to expand further in 2024. by two business segments: retail and non-retail. These two
segments may make a substantial contribution to RBB in 2024
Our goal for Maybank Indonesia is to develop even faster than by improving collaboration and synergy across business lines and
the industry as a whole. This aspiration is realised through the entities, focusing on new customer acquisition, and deepening
implementation of a M25+ Strategic Program (SP) designed and expanding the Bank's existing customer base.
specifically for the Bank, namely SP7- Uplifting Indonesia, which
has seven focus development areas: 1) Increasing Productivity We also remind the Board of Directors of the significant
of Global Banking Business Lines; 2) Increasing Productivity of challenges they will face in the future, particularly in digital
CFS Business Lines; 3) MSME Growth through Digital Channels; banking. Implementing the Bank's 12 major programs under the
4) Banking-as-Service Ecosystem and Capability Development; M25+ plan is critical to ensuring the Bank's readiness to address
5) Shariah Banking Growth Optimization; 6) One-Maybank so-called futurisation, which includes workforce, workplace, and
Acceleration and 7) Increasing Efficiency of Support and workstyle futurisation. The Board of Commissioners is committed
Operational Functions. to constantly monitoring major initiatives and ensuring that the
Bank meets its stated business growth goals.
The Board of Directors has prepared the Bank's business
prospects, as outlined in the Bank Business Plan (RBB). Overall,
the Board of Commissioners considers that the business
prospects are favorable and extremely promising, in line with
the Bank's direction and objectives. This is supported by national
economic conditions as well as the continued development of the
banking industry.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 53
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VIEWS ON THE IMPLEMENTATION OF BANK PERFORMANCE ASSESSMENT OF
GOVERNANCE COMMITTEES UNDER THE BOARD OF
The adoption of GCG in the banking environment encompasses COMMISSIONERS
3 (three) dimensions of governance: governance structure, The Board of Commissioners' committees include the Audit
governance process, and governance outcome. The successful Committee, Risk Monitoring Committee, Nomination and
implementation of the governance structure and governance Remuneration Committee, Integrated Governance Committee,
process will result in governance outcomes that are effective and Whistleblowing Governance Committee, and Information and
transparent, hence supporting the Bank's long-term growth. Technology Monitoring Committee. Throughout 2023, the
Board of Commissioners evaluated whether these committees
The Bank's varied achievements in 2023 are one of the had performed their duties effectively and in accordance
benefits of implementing GCG, as well as having a beneficial with each committee's guidelines. This evaluation is based on
impact on meeting sustainability objectives. Thus, the Board competencies, attendance at meetings, meeting effectiveness,
of Commissioners believes that the Board of Directors has ability to carry out duties and responsibilities, and performance
effectively adopted GCG, as indicated by improvements in both achievements over the fiscal year.
financial and operational performance.
VIEWS ON THE IMPLEMENTATION OF THE
To improve the quality of GCG implementation, the Bank WHISTLEBLOWING SYSTEM
conducts periodic self-assessments to ensure its adequacy. The Board of Commissioners believes that the reporting
This allows the Bank to promptly formulate an action plan that mechanism through the Bank's Whistleblowing System has
includes corrective action if there are any flaws in the Bank's functioned effectively during 2023. This is inextricably linked
GCG implementation. to our efforts to maximise the role of the Whistleblowing
Governance Committee as a supervisor, ensuring that
Maybank Indonesia conducted a self-assessment of governance whistleblowing reports received by the Bank are followed up with
implementation within the Bank in 2023, in accordance with the appropriate, impartial, and investigative attention, resulting in
provisions of Financial Services Authority Regulation No. 55/ the necessary corrective actions.
POJK.03/2016 and Financial Services Authority Circular Letter
No. 13/SEOJK.03/2017 on Implementation Governance for The Board of Commissioners plays an important role in
Commercial Banks. As a result, the Bank maintained its individual overseeing the comprehensive implementation of whistleblowing
and consolidated GCG self-assessment scores for the December as well as ensuring the implementation of sanctions for
2023 period at Rank "2" with a "Good" rating. parties/perpetrators who have been proven to have committed
violations, as outlined in the Directors' Regulations regarding
FREQUENCY AND PROCEDURES FOR Employee Discipline Development Actions and Collective Labor
PROVIDING ADVICE TO THE BOARD OF Agreements (PKB), as well as applicable statutory provisions and
DIRECTORS regulations.
The Board of Commissioners advises the Board of Directors
through frequent meetings, which include both internal meetings Furthermore, the Board of Commissioners monitors, examines,
of the Board of Commissioners and joint meetings with the Board and follows up on all reports of infractions received through
of Directors. During these sessions, the Board of Commissioners the implementation of an anti-fraud policy. This is also stated in
improved its supervisory function and provided the Board of the Whistleblowing Governance Committee report, which was
Directors with the advice they needed to manage the Bank. All presented to the Board of Directors and Commissioners.
meetings have been properly documented. In 2023, we held 5
joint meetings of the Board of Commissioners and Directors, as During 2023, 798 whistleblower reports were received and
well as 8 Board of Commissioner meetings. investigated. Of this total, 19 reports were associated with code
of ethics infractions. We have taken the necessary actions and
ensured that the Bank imposed punishment on violators.
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CHANGES IN THE COMPOSITION We also extend our gratitude to all members of the Board of
OF MEMBERS OF THE BOARD OF Commissioners for their contributions and support thus far.
COMMISSIONERS
The composition of Maybank Indonesia's Board of Our heartfelt gratitude and appreciation also go to the
Commissioners remained unchanged throughout 2023. shareholders, customers, business partners, the Financial
Services Authority, Bank Indonesia, and all other stakeholders for
CLOSING APPRECIATION their continued trust in Maybank Indonesia.
On this occasion, we would like to express our heartfelt gratitude
and appreciation to all members of the Board of Directors Before concluding this report, we would encourage Maybankers
and Maybankers for their efforts and unwavering dedication to review the Bank's strategy and Business Plan as a means of
throughout the year 2023. improving future performance.
We would like to thank Mr. Taswin Zakaria, in particular, for his We would like to remind you that the Bank's achievements this
dedication and contribution to Maybank Indonesia's success year must be sustained. The major challenge for us today is to
over the last decade. Under his leadership as President Director, progress from "good" to "great". With the spirit of One-Maybank,
Maybank Indonesia overcame numerous challenges and achieved we can move forward and adopt the best strategies for future
a number of outstanding accomplishments. business success.
Let us achieve greater success while continuing to prioritise our
mission of Humanising Financial Services.
Jakarta, March 2024
On behalf of the Board of Commissioners of
PT Bank Maybank Indonesia Tbk
Dato’ Khairussaleh Ramli
President Commissioner
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Board of Commissioners
Edwin Gerungan Dato’ Zulkiflee Abbas Abdul Hamid
Commissioner Commissioner
Budhi Dyah Sitawati Achjar Iljas
Independent Commissioner Independent Commissioner
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Dato’ Khairussaleh Ramli Datuk Lim Hong Tat
President Commissioner Commissioner
Hendar Putut Eko Bayuseno
Independent Commissioner Independent Commissioner
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Report of the
Board of Directors
The full implementation of M25+ will improve
and ensure the future relevance of the Bank's products
and services. We are also grateful for the many notable
accomplishments of the M25+ initiative in 2023.
Dear Valued Shareholders and Stakeholders,
2023 was a very exciting year for Maybank Indonesia because Indonesia to achieve positive performance by the end of 2023,
it marked a turning point in the Bank's history, as evidenced by owing to sustained increase in the Bank's assets and higher
exceptional loan growth across all business segments. Rounding income.
out the year, we saw encouraging significant growth in a number
of financial performance indicators compared to the previous Maybank Indonesia's performance achievements are also related
year. to our consistency in implementing the Bank's objectives and
policies to continue transforming to provide financial benefits
The Board of Commissioners and all of its committees to the broader community including through digital banking
provided us with invaluable support, input, suggestions, service innovation in the Bank 4.0 era. We are also committed to
and recommendations throughout the year. The Board of providing innovative digital solutions that simplify and improve
Commissioners has actively participated in the development customers' banking transaction experiences, particularly through
of the Bank's strategies and policies in the fiscal year and the M2U application.
the formulation of the Bank's Business Plan (RBB) and the
Sustainable Finance Action Plan (RAKB) for the next year. Through this Annual Report, we will communicate the Bank's
The Board of Commissioners has also actively supervised the 2023 performance successes, improvements in corporate
implementation of GCG within the Bank during the fiscal year. governance implementation, commitment to sustainability,
In particular, we would like to express our heartfelt gratitude and future business opportunities. This Annual Report also
for the assistance offered thus far, which has enabled Maybank demonstrates our commitment to stakeholders by promoting
transparency in the Bank's management.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Taswin Zakaria
President Director
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MACROECONOMIC AND BANKING As of December 2023, the ratios of Liquid Instruments/Non-Core
INDUSTRY REVIEW 2023 Deposit (AL/NCD) and Liquid Instruments/DPK (AL/DPK) were
Global economic growth is slowing, with increased uncertainty 127.07% and 28.73%, respectively, which is above the statutory
and wider growth disparities between countries. The thresholds of 50% and 10%. Meanwhile, credit quality was stable,
International Monetary Fund (IMF) forecasts global economic with a banking net NPL ratio of 0.71% and a gross NPL of 2.19%.
growth to reach 3.0% in 2023 before slowing to 2.9% in 2024. The ongoing economic recovery in the real sector has resulted in
The US economy continues to grow rapidly, fueled primarily by a decrease in COVID-19 restructuring credit in December 2023
consumer spending and the service sector. However, China's from Rp9.17 trillion to Rp265.78 trillion, from Rp519.64 trillion the
economy is contracting due to falling consumption and a real year before, with the number of debtors dropping to 1.04 million.
estate crisis. Rising oil and food prices, combined with escalating
geopolitical crises, economic fragmentation, and the El Nino BANK PERFORMANCE ANALYSIS 2023
phenomenon, are expected to keep inflation elevated. In this
regard, developed countries' monetary policy interest rates, Strategy and Strategic Policies
particularly the Federal Funds Rate (FFR), are likely to remain We continue to monitor financial industry trends, particularly
higher for an extended period. those in the banking sector, analyze strategies, and modify
business models and operational processes to make them more
Despite global financial concerns, the Indonesian economy dynamic and competitive. Understanding macroeconomic
continues to thrive and remain resilient. Private consumption developments in 2023, we are constantly establishing new
continues to rise strongly, owing to high consumer confidence, businesses and strengthening existing ones, as outlined in the
controlled inflation at 2.61%, and general election-related M25+ strategy.
activities. Accelerating state spending for general elections and
strengthening the APBN's role as a "shock absorber" encourages The full implementation of M25+ will improve and ensure the
government consumption while preserving people's purchasing future relevance of the Bank's products and services. We are also
power. Building and non-building investment are rising in grateful for the many notable accomplishments of the M25+
tandem with the ongoing progress of the National Strategic initiative in 2023. The Indonesia Uplift M25+ strategy (SP7) seeks
Projects (PSN). However, as experienced by many countries to boost Maybank Indonesia's competitiveness through seven
have experienced, export activity has decreased in tandem with primary objectives: 1) Increasing Productivity of Global Banking
the global economic downturn. According to the BPS-Statistics Business Lines; 2) Increasing Productivity of CFS Business Lines;
Indonesia, domestic economic growth in 2023 reached 5.05%, 3) MSME Growth through Digital Channels; 4) Banking-as-Service
compared to 5.31% the previous year. Ecosystem and Capability Development; 5) Shariah Banking
Growth Optimization; 6) One-Maybank Acceleration and 7)
The banking sector demonstrates resilience through adequate Increasing Efficiency of Support and Operational Functions.
capital and strong financial intermediation performance.
However, growth is accompanied by increasingly fierce In terms of business efficiency, we continue to evaluate
competition among banks. Even though the domestic economy ourselves and ensure that our corporate policies and practices
continues to expand and grow, it has not had a significant meet highly competitive standards. We have started working
impact on the development of the banking sector. The BI-Rate on improving the credit module (PDA) and segmentation for
benchmark interest rate ended the year at 6.00%, up 25 basis the three non-retail CFS business segments. This improvement
points in 2023. This situation resulted in higher cost of funds. resulted in strong performance growth in the SME and Business
Banking divisions. Meanwhile, the Retail CFS business and our
On the other hand, the banking industry's liquidity remained two automotive financing subsidiaries experienced an increase
ample for the year 2023, with manageable credit risk. Until in assets and fee-based income. In 2023, we successfully
December 2023, loan growth was 10.38% year on year to implemented our double-digit growth strategy in the automotive
Rp7,090.24 trillion, with investment loans seeing the most financing segment. This success reinforces our belief that the
growth. Third Party Funds (DPK) grew by 3.73% year on year to SME segment and those two subsidiaries will be primary growth
Rp8,457.93 trillion, with Current Accounts accounting for the drivers (Super Growth Areas) and significant contributors to the
majority of the increase. Bank's profitability in the future.
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We continue to focus on developing Banking as a Service Additionally, the Board of Directors actively supervises and
(BaaS) API connections in 2023 as part of our efforts to become ensures that every department within the organization is aware
more involved in today's digital market ecosystem. Creating of and consistently implements the Bank's strategy. In order to
connectivity for the Sharia business ecosystem, where the understand the business climate and the challenges that must
Bank has a competitive advantage, is the primary objective be overcome, the Board of Directors also assesses the Bank's
in the early stages of BaaS development. Next, we will build internal and external circumstances, as well as establishes the
BaaS connectivity to connect with our existing customer base, Bank's strategic objectives, which serve as the foundation for
particularly the supply chain ecosystem. the development of Bank strategies and policies. We carried out
the M25+ program in 2023 by focusing on the six primary goals
In addition to digitizing the Bank's operations, the IT previously stated.
infrastructure's cyber-defense and system modernization
processes made significant progress toward the goals established Processes Carried Out by The Board of Directors for
at the end of the previous year. We are about to embark on a Implementing Strategies and Strategic Policies
significant project to modernise our core banking, allowing In the banking industry, our primary function is to collect and
Maybank Indonesia to participate more fully in the future digital distribute funds for the general public while providing the best
banking space. interest rates possible on our range of products and services
and implementing the appropriate strategy. As mentioned
We collaborate with other Maybank-affiliated businesses in in the Bank's Business Plan and Sustainable Finance Action
Indonesia as part of the M25+ plan, operating under the motto Plan, we have detailed and granular initiatives, action plans,
"One Maybank”, to improve business efficiency. This enables and milestones to ensure that the strategies and policies are
us to foster a sense of unity among Maybank entities while effectively implemented.
conducting business in Indonesia. In 2023, we collaborated with
Maybank Sekuritas, Asuransi Etiqa Internasional Indonesia, and 2023 Performance Achievements
Maybank Asset Management on a number of key initiatives, In addition to explaining the Bank's strategy and objectives, we
and the results exceeded our expectations. We are currently will highlight the Bank's performance achievements in 2023,
Maybank Securities' exclusive partner for RDN and Payment which represents a watershed moment in the Bank's operations.
Bank account openings. Etiqa has joined Maybank Indonesia's Total credit increased by 7.6% to Rp116.0 trillion from Rp107.8
"panel of preferred insurance providers." Furthermore, Maybank trillion, driven by growth across all segment, especially owing to
Asset Management is essential to expanding the wealth increased financing in the Community Financial Services (CFS)
management options available to the bank's affluent customer segment which increased by 10.6%, primarily due to the growth
base. both in CFS Retail and CFS Non-Retail segments.
As a result of the recent implementation of the Syariah First Loans in the CFS Retail segment increased by 11.5% to Rp43.5
strategy, the Bank has grown to become one of Indonesia's trillion from Rp39.0 trillion, with loan growth across all CFS
leading Sharia Business Units. In the past, we established Retail sub-segments keeping up with rising consumer spending
Sharia Wealth Management (SWM) in an effort to broaden the power. Automotive financing increased by 18.8%, credit cards and
Sharia service base. In 2023, we became Indonesia's first bank personal loans increased by 20.3%, and mortgages increased by
to introduce Sharia Wealth Management (SWM). SWM hopes 1.3%.
to differentiate in the sharia banking industry by developing
products such as Waqf and Waris and combining them with BaaS CFS Non-Retail credit increased by 9.3% to Rp30.8 trillion. We
connectivity. Through this program, the Maybank Indonesia are delighted RSME segment has consistently shown positive
Sharia Business Unit will become more involved in Indonesia's progress since the second quarter of 2022 and as at end 2023
Sharia community and broaden the sharia service base. grew by 9.7%. Revitalization of the RSME segment by speeding
up the credit process has proved to contribute positively.
The Role of The Board of Directors in The Formulation of Business Banking segment credit increased by 12.8%, owing to
Strategies and Strategic Policies growth of new debtors and more competitive pricing. Meanwhile,
We understand that policies and strategies are essential SME+ booked positive growth at 1.6% despite tight competition
for putting decisions into action when determining how to within the market.
effectively achieve the Bank's objectives. According to the
directives outlined in the Board Charter, the Board of Directors Global Banking segment, which serves corporate customers,
is responsible for the development of the Bank's strategies and increased by 2.6% attributed to growth in Financial Institution in
policies. the face of intense market competition.
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We are committed to and actively promote the development of Sharia financing through the Sharia Business Unit (UUS) was at
government priority sectors. The total Macroprudential Inclusive Rp30.2 trillion in 2023, an increase of 14.4% from Rp26.4 trillion
Financing (PIM) credit was reported at Rp27.5 trillion, with the in 2022. Total UUS assets increased by 2.5% to Rp41.0 trillion,
Macroprudential Inclusive Financing Ratio (RPIM) reaching accounting for 25.90% of standalone Bank’s assets. UUS CASA
28.16%, while the conventional and Shariah Business Unit (UUS) significantly increased by 29.3% to Rp18.1 trillion, resulting in an
RPIMs were at 28.60% and 27.12%, respectively. The proportion improvement in the CASA ratio to 51.47%. Sharia Banking asset
of Micro, Small, and Medium Enterprises (MSME) credit to total quality improved, with Non-Performing Financing (NPF) levels
Bank’s credit was reported at 17.46%, with the Bank's MSME reaching 2.56% (gross) and 1.84% (net) in December 2023.
credit balance totaling Rp17.9 trillion, with credit to medium
enterprises accounting for the majority of the balance. Comparison of Results and Targets in 2023
We began our journey in 2023 with confidence that the Bank
In terms of credit quality, the Bank's gross and net NPL ratios would meet the previously established targets. The Bank
improved to 2.88% and 1.84%, respectively, from 3.46% and reported Profit Before Tax (PBT) and net profit (PATAMI) at the
2.34% previously. Meanwhile, the Loan at Risk/LAR ratio (Bank Bank-only levels of Rp1.7 trillion and Rp1.4 trillion, respectively.
only) was reported to have improved to 8.94% from the previous In comparison to the Revised RBB figures, the PBT and PATAMI
12.72%. In response to credit quality improvements, the Bank exceeded the Revised RBB target by 5.0% and 12.1% respectively.
reduced provision expenses by 11.9% to Rp1.1 trillion, down from
Rp1.3 trillion previously. The Bank’s operating income contributed to this positive profit
increase. The Bank's Interest Income increased despite the rising
The Bank has a strong liquidity position, with a Loan to Deposit cost of funding. Higher loan yields and an improved composition
Ratio (LDR) of 96.32%, a Liquidity Coverage Ratio (LCR) of of productive assets, particularly in the retail and RSME financing
210.22%, and a Net Stable Funding Ratio (NSFR) of 115.42%. segments, contributed to the increase in interest revenue, which
On the Bank-only level, the LDR, LCR, and CSFR ratios stood at coincided with rising public spending and Indonesia's economic
84.25%, 208.16%, and 115.54% respectively. The LCR and NSFR recovery.
ratios are well managed and exceed the required 100% threshold.
In addition, the Bank saw an increase in fee-based income from
Customer deposits increased by 9.3% due to a rise in low-cost Global Banking transactions, recovery income, and credit card
funds deposits (CASA), supported by growth in Current Account fees. Provision expenses decreased as asset quality improved,
and Savings by 8.6% and 10.2% respectively. While Time Deposits and overhead costs were kept under control, boosting the Bank's
has also contributed to customer deposits growth, where it grew earnings.
by 10.0%. The Bank has a strong funding profile, as reflected by
its low-cost funds ratio (CASA ratio) of 51.08%. The Bank's Net Interest Margin (NIM - Bank alone) was recorded
at 3.89%, stable from 3.89% the previous year and higher than
This achievement aligns with the Bank's objectives through the revised RBB target of 3.85%. This NIM success was aided
providing digital-based cash management solutions, where by changes in the composition of the Bank's earning assets,
corporate customers are starting to shift and focus on digital specifically an increase in credit assets combined with higher
banking platform, which provides cash management and financial loan yields. However, as the BI-rate rose, so did the cost of funds,
solutions, and ultimately contributed to an increase in CASA. which will continue to be a challenge in year ahead.
The Bank's capital ratio is healthy and sufficient to support Challenges and Anticipation
business growth. As of December 31, 2023, the bank's capital To capitalise on opportunities and potential business expansion,
adequacy ratio (CAR) was 27.79%, with a total capital of Rp29.9 we are constantly improving the Bank's internal capabilities
trillion. while closely monitoring economic and banking sector trends.
Rapid technological advancements have resulted in changes
in customer behavior; thus, we must adapt to meet customer
expectations for better financial solutions.
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Throughout 2023, we anticipate numerous major issues that was As a result, these efforts have had a positive impact on the Bank's
thoroughly dealt with by management. As technology advances, achievements, such as increasing the number of new customers
banks must establish strong standards for consumer data and service users, improving customer loyalty, and increasing
security and privacy protection across the ecosystem. transactions and revenue from digital banking services.
Rapid changes in market and customer behavior have created COMMITMENT AND IMPLEMENTATION OF
a demand-supply imbalance for top-tier human resources POLICIES ON ENVIRONMENTAL, SOCIAL
(HR) in the technology and digital sectors. The core banking AND GOVERNANCE
modernization process is the Bank's future goal for information We are always committed to promoting a sustainable finance
technology development, whilst human resources focuses on culture across all of the Bank's operational lines, as well as
recruiting and upskilling people for the Future-Ready skills. incorporating Environmental, Social, and Governance (ESG)
culture into the Bank's DNA. We continue to play an active role
We also continue to develop Digital Banking, focusing on in educating and assisting customers to transition to sustainable
individual consumers through M2U and corporate customers finance practices, in addition to providing awareness and
through M2E. This ensures that the solutions we offer remain knowledge on sustainability for Maybank Indonesia employees.
relevant to our customers' current banking needs.
Efforts to increase the Bank's loan portfolio to meet ESG
Developments in Digital Banking requirements are yielding results. Until the end of the fiscal
Recognizing society's desire for digital, we are putting more year on December 31, 2023, Maybank Indonesia has identified
emphasis on Digital Banking to meet the demands of a more approximately 21.17% of its loan portfolio that meets ESG
connected and dynamic era. We see Digital Banking as more criteria. We will continue to monitor the portfolio and commit to
than just a technological breakthrough; it represents a complete expanding it in accordance with the Bank's risk appetite.
transformation of how the Bank interacts with its customers and
how people manage their finances. Maybank Group has launched M25+, Maybank Strategy 2025,
which is a comprehensive review to the previous business
We continue to provide exceptional products and services via strategy known as M25 to strengthen strategic priorities and
digital channels, providing comprehensive solutions to our 'humanise financial services' in order to become a Regional ESG
customers' needs. Throughout 2023, we carried out a number Leader. The M25+ sustainability plan is based on three pillars
of initiatives to improve Digital Banking services. The Bank has that reflect Maybank Group's strategic priorities: Responsible
improved the transaction features for bill payments, purchases, Transition, Enabling Communities, and Our House is in Order
and electronic money top-ups on the M2U ID apps by adding & We Walk the Talk. These three elements are then translated
a number of new billers based on customers’ financial needs into Maybank Group sustainability commitments, which are
and preferences. The M2U ID apps' increasingly comprehensive constantly implemented and will evolve over time.
payment and purchase functions are expected to increase
customer loyalty in transactions while also strengthening M2U's As part of the Maybank Group's commitment to implementing
position as a financial and wealth management solution. sustainability, Maybank Indonesia also undertakes the initiatives
listed below, including continuing to strive to increase the
Aside from these features, the M2U ID apps has fundamentally portfolio included in the sustainable finance category across
optimised and increased the capabilities of the system platform all segments, i.e. both Global Banking and CFS. We are also
architecture, which has adopted the most recent technological committed to raising the living standards of our partners.
capabilities, affecting the application's ability to process more Furthermore, Maybank Indonesia aims to be Carbon Neutral
transactions with a much faster response time than previously. for Scope 1 and 2 emissions by 2030, with a goal of reaching
Furthermore, by improving the underlying system platform Net Zero by 2050. Internally, we are implementing the Living
architecture, the Bank will be able to innovate, providing new Sustainability initiative, which aims to ensure all Maybank Group
service features to its customers faster than ever before, allowing employees are actively involved in delivering 1 million hours per
it to adapt to consumer needs that are becoming increasingly year on sustainability through participation in strategic projects
dynamic and changing swiftly. related to the Sustainable Development Goals (SGDs).
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Maybank Indonesia also actively participates in efforts to support sustainability goals in accordance with the Financial Services
Authority's (OJK) eight sustainable finance principles, the Indonesian Green Taxonomy, and the Maybank Group's ESG, with a focus on
community empowerment.
The Bank's ESG practices may be visible in initiatives such as the 11th Maybank Marathon Bali 2023, which drew more than 13,000
participants from various countries. We also regularly carry out social and environmental responsibility programs that follow the four
CR principle guidelines: community, environment, workplace, and marketplace. Maybank Indonesia develops and implements Corporate
Social Responsibility (CSR) to raise awareness as a business entity committed to sustainable development, with a focus on five pillars:
education, community empowerment, healthy living activities, art and culture preservation, and environmental conservation, all while
remaining sensitive to the country's circumstances.
OTHER PERFORMANCE
Lending and Deposit Rates
As of 2023, the Bank's interest rates for raising and lending funds in Rupiah are as follows:
Prime Lending Rates by Loan Segmentation
Description Rupiah Deposit Rate
Corporate Loans Retail Loans Mortgages Non-Mortgages
March 8.00% 9.00% 8.00% 8.75% 1.11% - 3.31%
June 8.00% 9.00% 8.00% 8.75% 1.10% - 3.86%
September 8.00% 9.00% 8.00% 8.75% 1.09% - 4,02%
December 8.00% 9.00% 8.00% 8.75% 1.10% - 4,08%
Developments in Business Partners and Service Networks
The Bank's business partners and service network were expanded throughout 2023 in order to improve its performance,
competitiveness, and efficiency in meeting predetermined business targets. Branch and regional offices are also given the authority to
provide excellent financial services while also promoting the growth of the business and local communities.
Synergy between business divisions and the Maybank Group is consistently pursued with the ultimate goal of achieving a commitment
to integrity and perseverance in prioritizing service and customer satisfaction. Maybank Indonesia has a service network that includes
1 Head Office, 10 Regional Offices, 79 Main Branch Offices, 237 Sub-Branch Offices, as well as 1 overseas branch (Mumbai, India). For
shariah banking services, the Bank has 17 Shariah Main Branch Offices, 3 Shariah Sub-Branch Offices. We also have 22 Mobile Branches
and 765 ATMs, which include 26 CRM (Cash Recycle Machines).
Significant Changes in The Bank and Bank Business Group
During 2023, there were no significant changes occuring in the Bank or the Bank's Business Group.
BUSINESS PROSPECTS, ECONOMIC DEVELOPMENTS AND MARKET TARGETS
As we approach 2024, new developments show that global risks and uncertainties remain high. Despite some moderation, inflationary
pressures are expected to remain relatively high, and may even rise further, in response to rising global oil prices. As a result, various
countries' interest rates are expected to remain high for an extended period of time, leading to higher funding costs and volatility in
global financial markets. Commodity price fluctuations are also expected to be a source of concern.
Domestically, the Indonesian economy may continue to experience significant levels of uncertainty, owing to both foreign and domestic
causes. Externally, we should be aware of several factors, including geopolitical tensions caused by the conflict between Israel and
Palestine, as well as Russia and Ukraine, the threat of climate change, which could disrupt the food supply chain, high inflation, rising
interest rates, and an economic slowdown in developed countries such as China, Europe, and the United States.
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Internal issues are emerging ahead of the presidential and In the future, we will continue to promote long-term business
legislative elections. If political uncertainty persists, investment growth by focusing on improving fundamentals and expanding
activity may decline. However, we anticipate opportunities for digital service capabilities to accelerate the delivery of solutions
economic growth in domestic activities, particularly increased to retail and SMEs. Maybank Indonesia will continue to
public consumption following the COVID-19 epidemic, increased strengthen its position in the sharia banking industry, primarily
government spending and the MSME segment in relation to through the variety of solutions provided by Shariah Wealth
election implementation, and strong government fiscal policy Management services.
followed by strict inflation control. Bank Indonesia forecasts that
the economy will grow at a rate of 4.7-5.5% in 2024. HUMAN CAPITAL DEVELOPMENT
Human Capital (HC) development is concerned with attempting
Banking credit is expected to expand marginally in 2024, by to align HC competencies with market demands, current
9.46% year on year. This growth estimate is heavily reliant on the economic issues, and future projections. The Bank's ability to
success of the 2024 elections, which are also predicted to hinder focus on community-based services, "Humanising Financial
economic growth as business players and investors adopt a 'wait Services," is dependent on the implementation of aligned and
and see' approach. comprehensive strategy actions in creating quality human
resources, developing Future-Ready skills, and providing
Based on economic growth and the banking industry, the Board appropriate infrastructure.
of Directors has prepared the Bank's business prospects, which
are detailed in the 2024 Bank Business Plan (RBB). The RBB Recognizing this, we manage human capital through the
was created by performing a study of the "Risk Posture" as well Recruit Right, Develop Right, Perform Right, and Reward Right
as market targets and potential (Market Sizing & Addressable frameworks, which are supplemented by initiatives to improve
Market) as a foundation for identifying the focus of business HC management and productivity through the One Maybank
strategy and a reference in producing financial projections and mentality.
segment targets.
We identified a new skill set required of employees in order
Based on global and domestic economic growth estimates and to remain agile and responsive to external changes in the
internal Bank studies, the Board of Directors has determined the e-commerce era. The Bank continues to prioritise fulfilling
strategic emphasis and initiatives to support the Bank's business HC competencies which focuses on developing a self-learning
growth in the RBB throughout 2024. The Bank's strategy culture through digital-learning platforms and continues to
formulation is consistent with the Corporate Plan and M25+ improve Future Ready skills in increasing employee capabilities
Strategy, with credit growth as the primary focus. The growth and ensuring the Bank's sustainability in the digital era.We
engine will be focused on the LLC & MNC (Local Large Corporate also ensure that the Bank's operational activities comply
& Multi-National Corporate) segment, as well as the RSME, with all applicable laws and strive to positively contribute to
SME+, and automotive segments via the Bank's subsidiaries, community development. In line with this, we consistently
WOM Finance and Maybank Finance. In addition to this, the Bank improve each employee's knowledge, understanding, and risk
aims to maintain its growth momentum in the Business Banking awareness through training that is in line with banking industry
category. advancements, allowing for effective risk management and
compliance implementation.
Increasing productivity is also a top priority for all business
segments to guarantee that they all contribute to the Bank's We leverage technology to promote employee capabilities
success. We will prioritise digital business development, via online channels and learning campaigns. We maximise the
particularly by enhancing M2U penetration in the Retail utilization of MyCampus as an employee development tool
(individual) segment and M2E in the Corporate segment. Aside and MyNet and Mayang2U as internal digital communication
from that, we plan to speed the digital ecosystem development channels. The MyHR2u platform's functions are constantly
process by forming strategic collaborations via API and BaaS for updated to keep up with the digital revolution and meet a wide
new customer acquisition and Hajj savings. range of employment administration needs.
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We are constantly pursuing Human Capital Sustainability, with IMPLEMENTATION OF BANK GOVERNANCE
one of the goals being to prepare successors for essential, From our standpoint, the implementation of corporate
critical, and future jobs. We identify and develop the organization governance (GCG) entails more than simply complying
in a structured and integrated manner to ensure that it continues with current regulations. It also involves guaranteeing the
to lead the Bank's business processes. We also continue to transparency and accountability of the Bank’s management to
conduct organizational studies to improve effectiveness and the public. We build GCG using best practices to ensure adequate
efficiency and ensure the Bank's long-term viability, including protection and fair treatment for shareholders and other
preventive and mitigation measures that are part of the stakeholders. Furthermore, the GCG implemented by the Bank
Maybankers' way of life. motivates Maybank Indonesia to maximise shareholder value.
INFORMATION TECHNOLOGY UTILISATION We consistently apply GCG principles in all of our business
Faced with banking industry challenges, we advocate for the activities to achieve our vision of becoming Indonesia's leading
best use and strategic role of information technology (IT) in financial services provider, backed up by human resources who
supporting operations and improving banking services for are fully committed and innovative to creating value and serving
customers. Some of the IT initiatives we have implemented the community, as well as the Humanising Financial Services
include digitisation, modernisation of IT infrastructure, increased mission. By referring to the three aspects of governance, namely
cyber resilience, and the development of IT human resources Governance Structure, Governance Process, and Governance
to support the Bank's goal of providing customers with reliable, Outcome, we implement GCG in the Bank's daily operational
secure, and easy-to-use technology services. activities in accordance with the Bank's values, namely
Teamwork, Integrity, Growth, Excellence and Efficiency, and
We believe that information technology plays an important Relationship Building (TIGER). This will motivate the Bank to
role in ensuring that the Bank's operations are efficient and improve performance and generate value for stakeholders and
competitive. As a result, Maybank Indonesia is constantly the community.
innovating in IT system development to provide its customers
with reliable, secure, and convenient digital services that meet In December 2023, we conducted a self-assessment of the Bank's
their changing needs. This effort is carried out by developing an GCG implementation, yielding a composite score of 2, indicating
IT strategic plan that aligns with the Bank's 2021-2025 Corporate that the Bank and its subsidiaries have adopted good governance
Plan, which includes a Digital First Approach, Segment Focus and are in adequate compliance with GCG principles. We will
Uplift, Next Level Customer Experience, Risk and Operation continue to try to improve the quality of GCG implementation by
Excellence, Next-Gen Solution, Open Banking Enabled, Reinvent acting on recommendations based on the self-assessment results
Workplace, and Alliance Expansion. and executing GCG in compliance with relevant national and
international regulatory standards.
We also always ensure the availability of sufficient and qualified
IT personnel, which is critical to the Bank's ability to continue We also provide information on the share ownership (direct
providing digital and technology services. In 2023, we improved and indirect) of members of the Board of Commissioners and
the internal IT team's competencies and capacities through Directors who serve and/or are appointed in 2023 in the Bank's
planned and frequent technical, non-technical, and leadership business group, as detailed in the Company Profile Chapter of
training. We also put IT personnel through accredited training this Annual Report. All members of the Bank's Board of Directors
programs to ensure that their skills and capabilities exceed and Board of Commissioners do not own shares in any of the
national and international standards. Bank's Business Group subsidiaries.
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ASSESSMENT OF COMMITTEES UNDER THE CHANGES IN THE COMPOSITION OF THE
BOARD OF DIRECTORS BOARD OF DIRECTORS
The Board of Directors is supported by committees that carry During 2023, there were no changes to the composition of
out banking operations while stressing the principle of prudence. Maybank Indonesia’s Board of Directors.
These committees are the Risk Management Committee, Asset
and Liabilities Management (ALM) and Asset & Liabilities CLOSING APPRECIATION
Management Committee (ALCO), Internal Audit Committee, With all of Maybank Indonesia's accomplishments in 2023,
Information Technology Steering Committee, Integrated the Board of Directors honors and appreciates the Board of
Risk Management Committee, Credit Committee, Credit Commissioners for their leadership and strategic collaboration
Restructuring Committee, Impairment Committee, Human in managing the Bank's operations and business. We also would
Capital Committee, and the Personnel Committee. like to applaud shareholders and investors for their trust.
Similarly, the Board of Directors would like to acknowledge
These committees are supported by various Project Steering Financial Services Authority, Bank Indonesia, customers, business
Committees (PSC) led by relevant skilled staffs accros the various partners, and other stakeholders for their exceptional support
business and support units in the Bank, to ensure that there is and cooperation.
indepth work and collaboration on key Bankwide initiatives.
We extend our heartfelt gratitude to all Maybankers for their
The Board of Directors believes that these committees dedication, hard work, and sincerity in carrying out their various
fulfilled their duties and responsibilities effectively in 2023. roles and responsibilities. All of these achievements will lay the
This evaluation is based on a variety of criteria, including the foundation for Maybank Indonesia to maximise its potential and
execution of these committees' duties and responsibilities, achieve peak performance in the future.
performance achievements over the fiscal year, competency, and
level of participation in meetings. Furthermore, the committee's Onward As One Maybank. Together, Let's Move from Good to
decisions and recommendations made during meeting Great.
discussions serve as a benchmark for evaluating the work of
committees overseen by the Board of Directors.
Jakarta, March 2024
On behalf of the Board of Directors of
PT Bank Maybank Indonesia Tbk
Taswin Zakaria
President Director
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Board of Directors
From left to right Thilagavathy Nadason Taswin Zakaria
Seated: Director President Director
Standing: Irvandi Ferizal Ricky Antariksa Steffano Ridwan Muhamadian
Director Director Director Director
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Effendi Widya Permana Bambang Andri Irawan
Director Director Director
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Report from the Shariah
Supervisory Board
We genuinely hope that the measures we took will contribute
to the development of harmony and collaboration in pursuit
of tangible solutions beneficial to the ummah.
Bismillahirrahmanirrahim
Assalamu’alaikum Wa Rahmatullahi Wa Barakatuh.
With Alhamdulillahi Rabbil 'Alamin,we are grateful to Allah SWT On a quarterly basis, SSB has reported the results of its
for all the gifts and graces blessed upon us.May peacealways be supervision to the OJK as well as to the Board of Commissioners
bestowed upon our Prophet Muhammad SAW and his Ummah. and the Board of Directors for their consecutive action based on
related regulations.
In the midst of transition from the COVID-19 pandemic to an
endemic state in Indonesia, The Shariah Supervisory Board (SSB) Over the year 2023, SSB acknowledges the consistency of
of Maybank Indonesia Shariah Business Unit (SBU) continues Maybank Indonesia during the implementation of the Shariah
to ensure that it can carry out its duties and responsibilities by First strategy and the Leverage Business Model which become
complying with health protocols amid this condition. Maybank Indonesia's Key Differentiator as an Innovative and
Thought Leader in the Islamic banking industry while maintaining
Alhamdulillah, SSB has conducted twenty-two (22) meetings the compliance of its business and operational with Shariah
throughout 2023 and delivered SSB’s opinions pertaining Shariah principles.
products and business activities as well as give other necessary
suggestions and recommendations for the business activities The fulfillment of Maybank Indonesia’s Shariah business activity
of Maybank Indonesia SBU. The assessment of products and compliance with the Shariah principles is ensured trough the
activities from the view point of Shariah compliance include: commitment to continuously emphasise the implementation of
• Maybank Working Capital Line iB Musyarakah Financing Shariah Governance Framework (SGF) and Shariah Compliance
(Syariah PRK). Policy (SCP) to all internal stakeholders. Furthermore, SSB
• M2U Syariah App. together with Shariah Advisory & Assurance Unit (SAA) has
• Online Debit for E-Commerce Transactions. administered courtesy meetings and virtual training on General
• And others Shariah Principles with Maybank Indonesia’s Management and
key staff as an effort to strengthen Shariah Compliance aspect.
Pertaining to Shariah review, SSB has also conducted supervision
and examination in the 1st and 2nd semester of this year as follow: Maybank Indonesia SBU also continues to play an active role
• Random testing of product samples and transactions from in managing the Benevolence and Zakat Fund at the Shariah
both Shariah Branch Offices and Maybank Shariah Services in banking. In order to meet the Ummah welfare objective, SSB
all regions has been consistently requested to provide its forethought
• Sharing sessions with staff to give enlightenment and concerning the plan and realization of the benevolent funds’
insights over the essence of Shariah aspects. distribution program.
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SSB also appreciates the management's initiative to provide SSB invites all stakeholders to continue expressing gratitude
education on Shariah financial at universities and communities that the COVID-19 pandemic has ended. May Allah Ta'ala always
in Indonesia. We hope this concern can be continuously bestowed taufik and guidance to all of us in carrying out our
collaborated with other social-based communities in order to Shariah banking activities, particularly during this difficult time,
strengthen the real sharia socioeconomic role in Indonesia. to achieve a sustainable business growth full of Allah’s blessings
well into the future.
SSB are also grateful for the growing determination of
management to actively participate in empowering productive Wassalamu’alaikum Wa Rahmatullahi Wa Barakatuh.
economic activities among the poor and Islamic boarding On behalf of the Shariah Supervisory Board
schools, in cooperation with various other institutions. We
genuinely hope that the measures we took will contribute to the
development of harmony and collaboration in pursuit of tangible
solutions beneficial to the ummah.
From the review and monitoring conducted throughout 2023, Dr. H.M. Anwar Ibrahim, MA
SSB concludes that, in general, the activity of Maybank Indonesia Chairman
Shariah Business Unit (SBU) are aligned with DSN-MUI Fatwas,
SSB opinions and applicable Shariah principles as well as other
related regulations.
We hope the Bank management to continue the commitment
in maintaining the fulfillment of shariah principles as well as
compliance with applicable laws and regulations. Moreover,
the establishment of Shariah First strategy on each of Maybank
Indonesia’s product and propositions being offered certainly
requires extra attention from all stakeholders to assure that the
principles of prudence and reputation are consistently met in
carrying out the shariah activities. The implementation of this
strategy is expected to have a significant contribution to the
development of the national Shariah banking industry.
In summary, SSB wishes to extend its gratitude and highest
appreciation to the Management and all employees for the
achievement of Maybank Indonesia SBU performance in 2023.
DR. H.M. Anwar Ibrahim, MA
Chairman
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Statements of Responsibility for
2023 Annual Report by the Board of Commissioners of
PT Bank Maybank Indonesia Tbk
We, the undersigned, hereby state that all information contained in the 2023 Annual Report of
PT Bank Maybank Indonesia Tbk has been comprehensively presented and take full responsibility for
the accuracy of the contents of the company’s Annual Report.
This statement is made truthfully.
Jakarta, March 2024
BOARD OF COMMISSIONERS
Dato’ Khairussaleh Ramli
President Commissioner
Edwin Gerungan Datuk Lim Hong Tat Dato’ Zulkiflee Abbas Abdul Hamid
Commissioner Commissioner Commissioner
Budhi Dyah Sitawati Achjar Iljas Hendar Putut Eko Bayuseno
Independent Commissioner Independent Commissioner Independent Commissioner Independent Commissioner
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Statements of Responsibility for
2023 Annual Report by the Board of Directors of
PT Bank Maybank Indonesia Tbk
We, the undersigned, hereby state that all information contained in the 2023 Annual Report of
PT Bank Maybank Indonesia Tbk has been comprehensively presented and take full responsibility for
the accuracy of the contents of the company’s Annual Report.
This statement is made truthfully.
Jakarta, March 2024
BOARD OF DIRECTORS
Taswin Zakaria
President Director
Thilagavathy Nadason Irvandi Ferizal Effendi Muhamadian
Director Director Director Director
Widya Permana Steffano Ridwan Ricky Antariksa Bambang Andri Irawan
Director Director Director Director
PT Bank Maybank Indonesia Tbk 2023 Annual Report 73
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Company Profile General Bank Information 76 Maybank Indonesia in Brief 75 Corporate Logo and Identity 79 Our Journey 80 Organisational Structure 82 Vision, Mission, and Corporate Culture 84 Core Business 86 Products and Services 88 Board of Commissioners Profile 91 Board of Directors Profile 99 Changes in the Composition of Management after Fiscal Year 108 Senior Management Profile 109 Employee Statistics and Profiles 117 Shareholding Composition 120 Corporate Group Structure 123 Maybank Group Profile 124 Subsidiaries and Joint Ventures 125 Share Listing Chronology 128 Other Securities Listing Chronology 130 Ratings 138 Public Accountant & Public Accountant Firm Services 139 Capital Market Supporting Institutions and Professions 140 Information on Corporate Website 141 Operational Areas 142 Branch Offices Address 144
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General Bank
Information
Company Name Swift Code
PT Bank Maybank Indonesia Tbk IBBKIDJA
Nick Name Composition of Shareholders
Maybank Indonesia • Sorak Financial Holdings Pte.Ltd. 45.02%
• Maybank Offshore Corporate Services (Labuan) Sdn. Bhd
Date of Establishment 33.96%
15 May 1959 • Vital Solution Fund 8.73%
• Public 12.29%
Company Name Change Effective Date
PT Bank Internasional Indonesia Tbk changed to Head Office Address
PT Bank Maybank Indonesia Tbk (Company name change Sentral Senayan III
has been effective as of September 23, 2015) Jl. Asia Afrika No. 8, Gelora Bung Karno
Jakarta 10270, Indonesia
Business Field
T: (62-21) 2922 8888
Commercial Banks/Banking Services
F: (62-21) 2922 8799
Legal Basis of Establishment E: customercare@maybank.co.id
• Business license as a Commercial Bank through Decree W: www.maybank.co.id
of the Minister of Finance of the Republic of Indonesia
Contact Center
No.138412/U.M.II dated October 13, 1959, which was amended
E: customercare@maybank.co.id
by Decree of the Financial Services Authority Commissioner
investorrelations@maybank.co.id
Number 18/KDK.03/2015 dated September 23, 2015
• Business license as a Foreign Exchange Bank through Facebook: www.facebook.com/MaybankIndonesia
Decree of the Board of Directors of Bank Indonesia
No.21/11/Dir/UPPS November 9, 1988 X: @MaybankID
Authorised Capital Instagram: @maybankid
Rp12,864,765,605,400 or 476,608,857,231 shares consisting Call Center: 1500611 or +6221 78869811
of: (from overseas)
• Rp349,331,607,900 or 388,146,231 Class A shares nominal
Rp900 per share Subsidiaries
• Rp2,000,520,000,000 or 8,891,200,000 Class B shares • PT Wahana Ottomitra Multiartha Tbk (67.49%)
nominal Rp225 per share • PT Maybank Indonesia Finance (99.99%)
• Rp10,514,913,997,500 or 467,329,511,000 Class D shares Number of Employees
nominal Rp22.50 per share 6,965 employees
Issued and Fully Paid Capital Total Assets
Rp3,855,908,223,675.50 or 76,215,195,821 shares consisting Rp171.8 trillion
of:
• Rp349,331,607,900 or 388,146,231 Class A shares nominal Data Access and Corporate Information
Rp900 per share Corporate Secretary
• Rp2,000,520,000,000 or 8,891,200,000 Class B shares Sentral Senayan III
nominal Rp225 per share Jl. Asia Afrika No. 8
• Rp1,506,056,615,775.50 or 66,935,849,590 Class D shares Gelora Bung Karno - Senayan
nominal Rp22.50 per share Jakarta Pusat 10270 Indonesia
T: +62 21 2922 8888
Share Listing Date E: CorporateSecretary@maybank.co.id
21 November 1989
Stock Exchange Investor Relations
Indonesia Stock Exchange Sentral Senayan III
Jl. Asia Afrika Indonesia. 8
Stock Code Gelora Bung Karno – Senayan
BNII Indonesia Pusat 10270 Indonesia
T: +62 21 2922 8888
Isin Code E: InvestorRelations@maybank.co.id
ID1000099302
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Maybank Indonesia
in Brief
COMPANY NAME CHANGE BRIEF INFORMATION
DATE OF ESTABLISHMENT
15 May 1959
COMPANY NAME CHANGE
PT Bank Internasional Indonesia Tbk
changed its name to PT Bank Maybank Indonesia Tbk
COMPANY NAME
CHANGE EFFECTIVE DATE
23 September 2015
BASIS OF RATIFICATION
• Resolution of Extraordinary General Meeting of Shareholders (EGMS)
of PT Bank Internasional Indonesia Tbk dated 24 August 2015
• Approval of Ministry of Law and Human Rights of Republic of
Indonesia by means of Decree of Ministry of Law and Human Rights
No. AHU-0941203. AH.01.02 Year 2015 dated 26 August 2015
• Decree of Board of Commissioners of Financial Services Authority
No. 18/KDK.03/2015 dated 23 September 2015
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BRIEF HISTORY
PT Bank Maybank Indonesia Tbk is one of the leading private AH.01.02 of 2015 dated 26 August 2015, and Decision of the
banks in Indonesia which is part of the Malayan Banking Berhad Board of Commissioners of the Financial Services Authority (OJK)
(Maybank) Group, one of the largest financial service provider No.18/KDK.03/2015 dated September 23, 2015, BII changed its
groups in ASEAN. Previously, PT Bank Maybank Indonesia Tbk name to Maybank Indonesia, affirming its identity as an integral
named PT Bank Internasional Indonesia Tbk (BII) established on entity that is inseparable from the Maybank Group which
May 15, 1959, and obtained foreign exchange bank license in 1988 constantly strives to present Humanising Financial Services to all
and listed its shares on the Jakarta and Surabaya Stock Exchanges stakeholders.
(now Indonesia Stock Exchange) in 1989.
Through Community Financial Services (Retail Banking and
In 2008, Maybank acquired BII through its wholly owned Non-Retail Banking) and Global Banking, Maybank Indonesia
subsidiary, Maybank Offshore Corporate Services (Labuan) provides a comprehensive range of products and services for
Sdn. Bhd. (MOCS) and Sorak Financial Holdings Pte. Ltd. individuals and corporate customers. The Bank also provides
(SORAK). Then, through the Extraordinary General Meeting automotive financing through its subsidiaries, WOM Finance for
of Shareholders decision, PT Bank Internasional Indonesia Tbk two-wheeled vehicles and Maybank Finance for four-wheeled
dated 24 August 2015, the approval of the Minister of Law and vehicles. Maybank Indonesia also continues to develop digital
Human Rights of the Republic of Indonesia through Decree banking services and capacity through M2U (App & Web), M2E
of the Minister of Law and Human Rights No. AHU-0941203. for corporate customers, and other various channels.
By the end of 2023, Maybank Indonesia has 337 branches ALTO, CIRRUS network and connected to 3,500 Maybank
including Shariah branches spread across Indonesia and ATMs in Singapore, Malaysia and Brunei. Furthermore,
one overseas branch (Mumbai, India). In addition, Maybank Maybank Indonesia has also managed customer deposits of
Indonesia also has 22 KCP Mobile and 765 ATMs (including Rp115.5 trillion and has total assets of Rp171.8 trillion.
26 Cash Recycle Machines) connected to more than 20,000
ATMs incorporated in the ATM PRIMA, ATM BERSAMA,
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ASSOCIATION MEMBERSHIP LIST OF MAYBANK INDONESIA
Organisation Name Membership Status
Inisiatif Keuangan Berkelanjutan Indonesia (IKBI) √
Perhimbunan Bank Nasional (PERBANAS) √
Asosiasi Sistem Pembayaran Indonesia (ASPI) √
Asosiasi Emiten Indonesia (AEI) √
Indonesian Corporate Secretary Association (ICSA) √
Corporate
Logo and Identity
The Maybank brand is not just a name, but is a
unity of values and symbols as outlined in its visual
identity so that it reflects outlined in its visual
identity so that it reflects.
Maybank Tiger is a symbol of noble
and great power. A symbol that
indicates Maybank’s honest leadership
and strength.
The “friendly” typeface symbolises a
down to earth human character. The
letterings are designed uniquely and
easily legible, refining the appearance
of the dashing and mighty.
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Our
Journey
• Obtained license as a Foreign • The first local bank to
Exchange Bank. provide Cash Deposit
Machine (CDM) service.
• Listed its shares on Jakarta
Established on May 15, 1959 Stock Exchange and • The first local bank to
• Issued Visa and MasterCard
by eleven business players Surabaya Stock Exchange introduce multifunction
kredit cards
originating from Jakarta, (now the Indonesia Stock shariah cards functioning as
Bandung, Magelang, Semarang Merged with PT Bank Tabungan Exchange). (sekarang Bursa • Became the first issuer of charge card, debit card and
and Surabaya. Untuk Umum 1895 Surabaya. Efek Indonesia). Mastercard Travelers Cheque ATM.
1959 1979 1988-1989 1990 2003-2004
2015 2016 2017 2018 2019
• Announced the change • Officially announced the • Signed a Memorandum • Appointed as one of Hajj • Issued Shelf Registered
of name of PT Bank Bank’s new logo – Maybank of Understanding (MoU) Funds Management Partners Bond II Tranche IV and Shelf
Internasional Indonesia Indonesia – that is in line with PT Railink to support (BPS-BPIH) by Hajj Funds Registered Bond III Tranche
Tbk to PT Bank Maybank with the Maybank Group a cashless transaction Management Agency (BPKH) I at Rp640.5 billion and Rp1
Indonesia Tbk, hence corporate identity, hence for payment system and subsequently launched trillion respectively.
becoming one entity with providing added value to the of Soekarno- Hatta Hajj and Umrah savings
• Launched the new M2U
Maybank Group. customers. International Airport train. account named MyArafah.
Maybank App mobile
• Achieved notable • Issued Shelf Registered • Issued Shelf Registered • Issued Shelf Registered banking application with
performance from Shariah Subordinated Bonds II Bank Bonds II Tranche I amounting Bonds II Tranche II and a more modern and user-
Banking by taking the 5th Maybank Indonesia Tranche to Rp835 billion and Tranche III at Rp645.5 friendly appearance.
position in Shariah Banking II Year 2016 with a nominal Shelf Registered Sukuk billion and Rp379 billion
• Joined the Indonesian
industry and the 1st position amount of Rp800 billion Mudharabah II Tranche I respectively
Sustainable Financial
in the Shariah Business Unit and Shelf Registered Sukuk amounting to Rp266 billion.
• Completed Rp2 trillion rights Initiative (IKBI) as a form of
in terms of assets. Mudharabah I Bank Maybank
• Issued Negotiable Certificate issue. commitment to implement
Indonesia Tranche II Year
• Launched internet- of Deposits (NCD) sustainable finance.
2016 with a nominal amount • Provided Indonesia’s first
based mobile banking amounting to Rp400 billion.
of Rp700 billion. ever shariah hedging facility • Offered Cash Collection
“Maybank2U”
to corporate customers Solution facilities for the first
• Supported the National
time to corporate customers
Infrastructure Development • Undertook strategic
of PT Federal International
by providing shariah partnership with PT Angkasa
Finance (FIF GROUP)
financing facility to Pura II (Persero) (“AP II”) by
PT Waskita Karya (Persero) providing additional term
Tbk and PT Jasa Marga loan facility of Rp3 trillion
(Persero) Tbk.
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• Launched Micro Banking
Services, BII Pilihan Bijak
Mitra Usaha.
• Issued Subordinated Bonds
of Rp1.5 trillion and Sukuk
Mudharabah of Rp300
billion.
• Conducted Right Issue VII of
• The first bank in Indonesia to
Rp1.5 trillion.
provide Paperless Account
Opening System to reduce • Launched the “Shariah First”
time in account opening strategy as Shariah products
service. and service provider across
“The Best Bank in Service
business segments.
Acquired by Malayan Banking • Broke new records with total Quality” for four consecutive
Launched Corporate Social Berhad (Maybank) through assets exceeding Rp100 years according to Institute of • Provided Musyarakah
Responsibility program namely a wholly owned subsidiary, trillion and net profit of more Service Management Studies financing facility to Garuda
“BII Berbagi” MOCS. than Rp1 trillion. (ISMS) Trisakti. Indonesia.
2006 2008 2012 2013 2014
2020 2021 2022 2023
• Allianz Life and Maybank • Launching the My Happy • Issued Shelf Registered Bond IV • Maybank Indonesia has launched a
Indonesia introduced downtime &Lucky Bank lottery program by Tranche I Year 2022 amounting to
life insurance, SmartProtection emphasizing the introduction Rp1 trillion
Gold Savings opening feature on M2U
and iB SmartProtection for the of the Bank’s main features, ID App to further enrich the choice
• Launched the Customer Fund
financing of both conventional products and services expected
Account (RDN) facility to
of investment products that can be
and shariah products. to increase customer interest to selected by customers.
encourage customers in trading
actively conduct digital financial
• Maybank took an active role in or investing in stock/securities
transaction. • Maybank Indonesia Shariah Business
supporting the Government to instruments.
fight COVID-19 outbreak through • Presenting the U Savings, Unit launched an integrated wealth
• Along with Maybank Group
a series of social activities, a savings solution that can management solution "Shariah Wealth
organised the 2022 Maybank
including; donating personal accommodate and facilitate all
Sustainability Day at Taman Management (SWM)" which offers
protective equipment (PPE), daily financial needs which can be Shariah-based investment solutions
Bhagawan, Bali on August 27,
providing basic groceries and easily accessed digitally by using
food packages to the affected the M2U ID application.
2022 to enhance awareness and covering financial, social and spiritual
encourage sustainability practices aspects.
communities, including the
• Distributing medical aid for to the participants and the Bank's
disabled.
COVID-19 Countermeasures to 25 partners. • Development of new Shariah PAYDI
• DinMaybank was named “The government and private hospitals life insurance products (development
• Organised the Maybank Syariah
World’s Best Consumer Digital in partnerships with Good Seeds.
Banks 2020” for the Asia-Pacific
entrepreneurship competition of unit-linked insurance to be
• Appointed by Bank Indonesia called ISYEFpreneur which marketed face-to-face or without
region and the “Best Website
and the Central Bank of China as is a collaboration between
Design” for the sub-category
ACCD (Appointed Cross Currency UUS Maybank Indonesia and
face-to-face including but not limited
award. to branch distribution channels with a
Dealer) banks for Rupiah and Yuan Indonesian Islamic Youth
• Maybank became the first bank Local Currency Settlement. Economic Forum (ISYEF). referral business model.
in Indonesia to facilitate PT Bio
• Won the title of best workplace • Launched a new feature in the • Maybank Indonesia successfully
Farma Inc, a state-owned producer
in Asia for six years in a row, M2U app for customers' financial
and distributor of pharmaceutical organised the first and only 'Elite' Label
organised by Business Media management, namely 360 Digital
products, in the response to
International, an Asian HR Wealth, which is capable to Road Race in Indonesia, Maybank
COVID-19 through vaccine supply. Marathon with start and finish location
publisher. consolidate all financial activities
• Maybank was named “Best Digital that customers conduct through at Bali Safari & Marine Park, Gianyar.
Bank” in the 3rd Global Retail the app.
Banking Innovation Awards 2020 • Fulfillment of the 7.5% free float
held by Digital Banker. portion of shares in connection with
the UBS AG London sales transaction
of 13.95 billion shares (18.31%), and
the Vital Solution Fund purchase
transaction of 6.65 billion shares
(8.73%)
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Organisational
Structure
SHARIAH BOARD OF
SUPERVISORY BOARD COMMISSIONERS
Internal Audit
Audit Committee
Committee
Risk Oversight Risk Management
Committee Committee
Nomination &
Asset Liabilities
Remuneration
Committee (ALCO)
Committee
IT Oversight IT Steering DIRECTOR LEGAL,
DIRECTOR RISK DIRECTOR
Committee Committee COMPLIANCE, CORPORATE
MANAGEMENT OPERATIONS
SECRETARY and ANTI FRAUD
EFFENDI WIDYA PERMANA
Integrated
MUHAMADIAN
Good Corporate Other Supporting
Governance Committees
Whistleblowing
Governance
Committee
Credit Risk Management
Anti Fraud 2) Credit Operations
IMANUEL CIPTA IDAMAN
RUDY STEVEN GULTOM DEWI YULIA WARDOYO
TARIGAN
Integrated Risk
Management
Committee Internal Audit (SKAI) 1)
HARISENO ACHARYAMA Operational Risk & Business
Compliance 3) Operation Processing Center
Continuity
MUHAMADIAN IRWAN SANTOSO
SURYO PRASETYA
Strategy & Transformation
MICHAEL ADRIAN Customer Experience
Corporate Legal & Litigation Enterprise Risk Management
Management
ADITYA RAKHMAN ALAM YOSEF OKTAVIANUS S.
CLARA INDA TIARA
Corporate & Brand
Communications
MOCH. TOMMY HERSYA Delivery Channel &
PUTERA Corporate Secretary 3) Retail Credit Portfolio & Policy Cash Operation
MUHAMADIAN EMIL ANANDA HILMY BENYAMIN NURPATRIA
SETIAWAN
Digital Banking
CHARLES BUDIMAN Non Retail Credit Policy & Operation System Support &
Financial Crime Compliance
Strategic Risk Management Development
RIKA
A. DIMAS AGUSNUGROHO JANTO TIRTADJAJA
Pricing & Data Analytics
SONNY SUPRIYADI Market, Liquidity & Treasury
Credit Risk Management Branch Operations Assurance
I NYOMAN HADIJAYA HENDRIK PROGO
SIMBARA GIRI
Shariah Banking (UUS)
ROMY HARDIANSYAH
GB & BB Remedial Branch Control Operations
ROBERT P. SITINJAK IWAN SUHERMAN KOK
Sustainability
GRACE KUSUMANINGRUM
TOBING SME & Consumer Collection Process and Service Excellence
EDWIN D. BRETHONIERE (pjs) CLARA INDA TIARA
Technology Risk Management
RUSDI RACHIM
Reporting Lines
Coordination Lines
Supervision Lines
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GENERAL MEETING
OF SHAREHOLDERS
BOARD OF DIRECTORS
PRESIDENT DIRECTOR
TASWIN ZAKARIA
DIRECTOR
DIRECTOR INFORMATION DIRECTOR DIRECTOR DIRECTOR
COMMUNITY FINANCIAL
TECHNOLOGY HUMAN CAPITAL FINANCE GLOBAL BANKING
SERVICES
BAMBANG ANDRI IRAWAN IRVANDI FERIZAL THILAGAVATHY NADASON RICKY ANTARIKSA
STEFFANO RIDWAN
IT Architecture, Digital
Local Corporate &
Delivery & Operations Business Human Capital 1 Finance & Accounting Consumer PT Wahana
Multinationals
MOHAMED ZAKI RAHARTATY LUCAS ANITA TJAN CHRISTIAN Ottomitra
HERTANTO GUNADI
BIN MOHD YUNUS Multiartha Tbk
Financial Planning, RSME Banking
IT CFS Delivery & Operation Business Human Capital 2
Performance Management & Public Sector TJHANG DAVID W
GUNAWAN PAULUS DANANG YANRI PT Maybank
Investor Relation RICHARD ML SILAEN
WIBISONO S.KOM HATMOKO Indonesia Finance
NURMALA DAMANIK
SME PLUS Banking SUBSIDIARIES
IT Global Banking Delivery & Corporate Finance & PAULUS CHOLOT JANALA
Talent Acquisition Financial Institution Group
Operation Capital Management
RENI ASTUTI DEWI GOLFINA KUSMARNINGRUM
RAHMAT SETIAWAN DAVID
Business Banking
IT Analytic Reporting & Procurement, Premises & MARIANA HUSIN
HC Operations Transaction Banking
Corporate Delivery Vendor Relation
CHAIRANY DANUSAPUTRA (pjs) RIANTO NOTOSANTOSO
RICKY INDRAYANTO DJAYA YULINDA SIMANJUNTAK
Wealth Management
SUMITRO
Rewards, Organization Global Markets & Corporate
IT Infrastructure & Operation
Development & Strategy Treasury
JOHANES SETIYABUDI
NELDA VICTORIA SIBURIAN I MADE BUDHI P ARTHA
Community Distribution
HARRYANTO PRAMONO
Business Planning,
IT Governance, Planning Talent Management &
Performance, dan Embedded
& Project Management Organization Learning
Risk Unit (ERU) 4)
EDWARD CAHYADI (pjs) MARTUA BANGUN
MUHAMMAD HENDRO
KARSONO JAYAWINATA Retail Credit Process &
WIJARNAKO
Fraud Monitoring
DERANOVITRI
Employee Relations &
IT Security
Health Safety Maybank Indonesia - India
PATRIA INDRAJAYA
R. M. DONNY DAMARWULAN Non Retail Credit Process
HERMAWAN SETIAWAN
Marketing Communication
REZA VARINDRA
Notes:
1. In the discharge of its duties, Internal Audit reports to the President Director or the Board of Commissioners, and is
authorised to communicate directly with the Board of Directors, Board of Commissioners, Audit Committee and the Segmentation & Growth
Shariah Supervisory Board. (pjs) DEAN MUTIA
2. The National Anti Fraud function is responsible to the President Director, and have a direct communication and
reporting line with the Board of Commissioners.
3. Interim CFS Business Planning &
4. Double solid reporting line to Director of Finance. Performance Management 4)
ABDUR RAZZAQ
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Highlights Report Profile and Analysis
Vision, Mission, and
Corporate Culture
Mission Vision
To be the leading financial services provider in Indonesia,
driven by passionately committed and innovative people,
creating value and serving communities.
Humanising Financial Services
Through this mission, with being at the heart of the
community, we will:
Make financial services simple, intuitive, and
accessible
Build trusted partnerships for a sustainable future
together
Treat everyone with respect, dignity, fairness and
integrity
Board of Commissioners and Board of Directors Approval for The Bank’s
Vision and Mission
The vision and mission of Maybank Indonesia have been reviewed and approved by Board of Commissioners and Board
of Directors. The Bank conducts a periodic review on this Vision & Mission.
To date the Bank’s Vision & Mission are deemed to be valid and aligned with the current condition.
At the end of November 2014, the Board of Commissioners and the Board of Directors convened and agreed to refine
the Bank’s vision and mission in accordance with the latest strategy devised and implemented by the Bank. The
alignment of vision and mission was also held in conjunction with the joint pact during the BII Maybank Leaders Offsite
Meeting in Bogor. The event was held on 21 March 2014.
The latest review was conducted on 24 November 2023 together with BOD and BOC approval in the Bank Business Plan
(RBB) 2024-2026.
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Corporate Culture
TEAMWORK
We work together as a team based on
mutual respect and dignity.
INTEGRITY
We are honest, professional and
ethical in all our dealings.
GROWTH
We are passionate about constant
improvement and innovation.
EXCELLENCE & EFFICIENCY
We are committed to deliver
outstanding performance and
superior services.
RELATIONSHIP BUILDING
We continuously build long-term and
mutually beneficial partnership.
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Highlights Report Profile and Analysis
Core
Business
BUSINESS LINES ACCORDING TO THE LATEST ARTICLES OF ASSOCIATION
The main and supporting lines of business according to Company’s latest Articles of Association detail that the Bank’s objectives
and business fields are General Banking businesses. In accordance with Article 3 of the Bank’s latest Articles of Association, to
achieve these aims and objectives, the Bank carries out the main business activities and support as follows:
Business Activities Performed
Business Activities Based on Articles of Association
Performed Not Performed
CORE BUSINESS
a. Accumulate funds from the public in the form of deposits in the form of demand deposits, √
time deposits, certificates of deposit, savings and/or other equivalent forms.
b. Issue Letters of Credit. √
c. Buy, sell or guarantees at own risk and for the benefit of and at the behest of its customers, √
letters, as follows:
I. Draft notes whose validity period is not longer than the normal are accepted by the √
Company;
II. Letters of credit and other securities whose validity period is not longer than in the √
normal of trading securities in question;
III. Government securities and government guarantees; √
IV. Bank Indonesia Certificates (SBI); √
V. Bonds; √
VI. Futures trading; √
VII. Other term securities. √
d. Provide loans √
e. Borrow funds and/or lend funds to other banks, either by using letters, telecommunication √
advice or by promissory notes, checks, or other means.
f. Transfer funds, both for its own sake, and for the benefit of customers. √
g. Receive payments from bills for securities and perform calculations with or between third √
parties.
h. Provide safe storage to store valuables and securities. √
i. Conduct safekeeping for the benefit of other parties based on contract. √
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Business Activities Performed
Business Activities Based on Articles of Association
Performed Not Performed
j. Placing funds from customers to other customers in the form of securities not listed on the √
stock exchange.
k. Perform Factoring, Credit Card business and Trustee activities. √
l. Carry out all other activities commonly carried out by the bank insofar as they do not conflict √
with the applicable statutory provisions, including acting as a Custodian Bank.
m. Provide financing and/or conducting activities based on Shariah Principles, in accordance √
with the provisions stipulated by the Financial Services Authority and the National Shariah
Council.
n. Carry out temporary investment activities to overcome the consequences of credit failures √
or financing failures based on Shariah Principles, provided that bank must withdraw
participation, by fulfilling the conditions set by the Financial Services Authority.
SUPPORTING BUSINESS ACTIVITIES
a. Conduct activities in Foreign Exchange in accordance with the provisions stipulated by the √
Financial Services Authority.
b. Partake in equity capital involvement in banks or other companies in the financial sector, such √
as leasing, venture capital, credit card business, consumer financing, securities companies,
insurance, and settlement and deposit clearing institutions, by fulfilling the conditions set by
the Financial Services Authority.
c. Carry out temporary investment activities to overcome the consequences of credit failures √
or financing failures based on Shariah Principles, provided that bank must withdraw
participation, by fulfilling the conditions set by the Financial Services Authority.
d. Act as founder and administrator of a Pension Fund in accordance with the provisions of the √
applicable pension fund legislation.
e. Sell all or part of collateral, through auction or otherwise, in the event that the debtor does √
not fulfill its obligations to the Company, provided the purchased collateral shall be disbursed
as soon as possible.
f. Carry out all other business support that is commonly carried out by a bank insofar as it does √
not conflict with applicable laws.
BUSINESS ACTIVITIES UNDERTAKEN IN THE FISCAL YEAR
As of 31 December 2023, Maybank Indonesia has carried out all business activities stipulated in the latest Articles of Association.
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Highlights Report Profile and Analysis
Products and
Services
FUNDINGS CFS RETAIL
SAVINGS WEALTH MANAGEMENT
• Maybank Reguler Savings • Maybank Premier
• Maybank MAKSI Savings • Third Party Fund Services
• Maybank Pro Savings - Government Bonds
• Maybank Woman One Savings - Open end Mutual funds with asset class on money market,
• Maybank SuperKidz Savings bond, equity and balanced; and Close end Mutual funds
• Maybank MyPlan Savings - Dual Currency Investment
• Maybank Super Valas Savings - Bancassurance (Life Insurance and General Insurance)
• Maybank TabunganKu
• Maybank Tabungan SimPel (Simpanan Pelajar) MORTGAGE
• Maybank EduPlan Savings • Property Loans
• Maybank U Savings • Multipurpose Property Loans
• Maybank Tabungan RDN (Rekening Dana Nasabah) • Interest-Free Property Loans
• Maybank Tabungan Payroll • Fix & Fix Property Loans
DEMAND DEPOSITS CREDIT CARD & PERSONAL LOANS
• Maybank Rupiah Demand Deposits • Maybank Visa Infinite Credit Card
• Maybank Foreign Currency Demand Deposits • BMW Maybank Visa Infinite Credit Card
• Maybank Multicurrency Demand Deposits • MINI Maybank Visa Infinite Credit Card
• Maybank DHE Demand Deposits • Maybank Visa Platinum Credit Card
• Fitness First Maybank Visa Platinum Credit Card
TIME DEPOSITS • Celebrity Fitness Maybank Visa Platinum Credit Card
• Maybank Time Deposits • Maybank JCB Platinum Credit Card
• Maybank On-Call Time Deposits • Maybank Mastercard White Card
• Maybank Online Time Deposits • Maybank Mastercard Platinum Credit Card
• Maybank Visa Platinum Corporate Credit Card
• Maybank Personal Loan
CFS NON RETAIL AUTO LOANS
Maybank Finance:
• Investment Financing
• Investment Loans • Multipurpose Financing
• Working Capital Loans • Working Capital Financing
• SME Loans • Selling-Buying Financing using Murabahah Contract
• Kredit Usaha Rakyat • Services Financing with Ijarah Contract
• Commercial Property Financing
• Kerjasama Perbankan Kredit UMKM (KPKU) WOM Finance:
• Multipurpose Goods
• Multipurpose Services
• Investment Financing - Sales and Leaseback
MAYBANK DIGITAL BANKING • Working Capital Financing
• Sales Purchase Financing - Murabahah Agreement (Shariah
Financing)
• M2U ID App
• M2U ID Web
• M2E
• Maybank ATM
• Maybank Direct Debit
• Maybank Virtual Account
• Western Union
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GLOBAL BANKING SECURITIES SERVICES
• Safekeeping Services:
- Bond Settlement
TREASURY AND GLOBAL MARKETS - Bond Safekeeping
• Foreign Exchange (Spot, Forward, Swap, DNDF) - Corporate Action
• Fixed Income (Bond) • Fund Services:
• Interest Rate Swap (IRS) - Fund Accounting
• Cross Currency Swap (CCS) - Unit Registry
• Currency Option
• Interest Rate Futures CASH MANAGEMENT
• Forward IB • Payment Services
• Cross Currency Hedging IB (CCH IB) - Outgoing Fund Transfer (Overbooking, SKN, RTGS & Real
• Call Spread Option (CSO) Time Online Transfer)
• Dual Currency Investment (DCI) - Outgoing Remittance (SWIFTgpi)
• Swap Investment (SWI) - Outgoing Remittance (Local Currency Settlement) using
• Digital Investment (DGI) the respective local currencies of the related countries
• Money Market (Interbank Lending/ Borrowing, Repo, Rev. (IDR, MYR, CNY)
Repo, Cross Ccy Repo) - Payroll Payment
• Other Treasury Services - Bulk Payment
- Tax Payment (Modul Penerimaan Negara)
TRADE FINANCE - Cash Delivery
Import • Collection Services
• Letter of Credit (LC) – Sight & Usance: LC Local/ SKBDN – - Incoming Transfer (Overbooking, BI-FAST, SKN, RTGS &
Sight & Usance Real Time Online Transfer)
• LC/SKBDN Usance Payable at Sight and LC/SKBDN Usance - Incoming Remittance (SWIFTgpi)
Payable at Usance - Incoming Remittance (Local Currency Settlement) using
- Inward Documentary Collection the respective local currencies of the related countries
- Trust Receipt Financing (IDR, MYR, CNY)
- Shipping Guarantee - Foreign Worker Telegraphic Transfer (FWTT) and Foreign
Telegraphic Transfer (FTT)
Export - Cheque Clearing (Inkaso & Intercity Clearing)
• Export LC/SKBDN Advising - Cash & Cheque Deposit
• Transferable L/C/SKBDN - Cash & Cheque Pick Up Service
• L/C Confirmation - Direct Debit & SKN Direct Debit
• Pre-shipment Financing • Liquidity Management Services
• Post Shipment Financing (Negotiation & Discounting) - Scheduled Transfer
• Export Collection Basis - Target Balance
• Outward Documentary Collection - Funding Balance
- Sweep In, Sweep Out & Sweep Balance
Bank Guarantee • Information/Account Management Service
• Standby LC - Information/Account Mutation in MT940/950 format
• Demand Guarantee - Information/Account Inquiry API
• Counter Guarantee
• E-Guarantee CORPORATE ELECTRONIC CHANNELS
• Maybank2E
Structure Trade Finance • Maybank CoOLPAY (Corporate Online Payment Gateway &
• Invoice Financing Buyer Financial Value Chain)
• Invoice Financing Seller • Trade Connex
• Forfaiting
• Banker’s Acceptance FINANCIAL SUPPLY CHAIN MANAGEMENT (FSCM)
• Distributor Financing
• Supplier Financing
• Kafalah IB Buyer Financing via CoolPay (CoolPay Kafalah)
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Highlights Report Profile and Analysis
SHARIAH BANKING SHARIAH WEALTH MANAGEMENT
Bancassurance
• Shariah Life Insurance Product with Business Reference
FUNDING PRODUCTS Model - Bank Products
• Maybank iB Savings (Mudharabah, Wadiah) • Shariah Life Insurance Product With Business Reference
• Maybank MAKSI iB Savings (Mudharabah) Model - Not Bank Products
• Maybank Pro iB Savings (Mudharabah) • Shariah General Insurance Products - Bank Products
• Maybank Women One iB Savings (Mudharabah) • Shariah Life Insurance Product with Integrated Business
• Maybank SuperKidz iB Savings (Mudharabah) Model
• Maybank MyArafah iB Savings
• Maybank MyPlan iB (Mudharabah) Investment
• Maybank TabunganKu iB (Wadiah) • SUKUK (Maybank UUS as selling agent)
• Maybank Simpel iB (Mudharabah) • Shariah Mutual Fund (Maybank UUS as referral)
• Maybank Super Valas iB (Mudharabah)
• Maybank iB Current Account (Mudharabah, Wadiah) DIGITAL SERVICES
• Maybank iB Time Deposits (Mudharabah) • Maybank2E
• Maybank Rekening Tabungan Jemaah Haji (RTJH) • Maybank CoOLPay (Corporate Online Payment Gateway &
(Mudharabah) Financial Value Chain)
• Maybank U Savings iB (Mudharabah) • Trade Connex
• Maybank RDN iB Savings (Mudharabah) • Maybank2U ID
• Maybank Multicurrency iB Current Account (Mudharabah)
INVESTMENT
• Restricted Profit Sharing Investment Account iB (RPSIA iB)
• Borrowing Fund iB
FINANCING PRODUCTS
• Consumer
- Property Financing iB (Murabahah, Musharakah
Mutanaqisah)
- Property-Based Consumer Financing iB (Musharakah
Mutanaqisah)
- Musharakah Mutanaqisah (MMQ) Top Up
- Joint Financing – Shariah Auto Finance
• Non Consumer
- Musharakah Mutanaqisah (MMq)
Non-Consumer Financing iB
- Musharakah Financing
- Mudharabah Financing
- Murabahah Financing
- Leasing iB (Ijarah)
- Shariah Trade Finance Non-LC/SKBDN
(Invoice Financing iB)
- Musharakah Working Capital Line iB
- Letter of Credit (L/C) iB (Kafalah)
- SKBDN iB/Domestic L/C iB (Kafalah)
- Shariah Guarantee (Guarantee iB)
- Simple Hedging (Forward iB)
- Complex Hedging (Cross Currency Hedging iB)
- Documentary Collection iB
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Board of Commissioners
Profile
History of Education
History of Education
• Bachelor of Business Administration, Washington University, USA
• Advanced Management Program, Harvard Business School, Boston
Legal Basis of Appointment
Appointed as President Commissioner of PT Bank Maybank Indonesia, Tbk based on
the decision of the Annual General Meeting of Shareholders (AGMS) dated March
25, 2022 and has received approval for the Fit and Proper Test Assessment from the
Financial Services Authority with an effective date of October 4, 2022, with a term of
office until the closing of the Company's Annual GMS in 2025.
Working Experience
• Public Bank Berhad Group:
- Senior Operations Officer, Corporate Banking (1990-1994)
- Research Analyst, PB Securities Sdn Bhd (1994-1995)
- Executive Director, PB Futures Sdn Bhd (1995-1997)
• Director, Corporate Services, Pigas Engineering Sdn Bhd (1997-1998)
• Bursa Malaysia Berhad: Dato’ Khairussaleh Ramli
- Senior Manager, International Affairs (1998-2001) President Commissioner
- Vice President, Planning and Development (2001-2002)
- Senior Vice President, Finance and Strategy (2002-2004)
- Chief Financial Officer (2004-2006)
• Telkom Malaysia Berhad: Citizenship
- Chief Executive, TM Ventures (2006-2008) Malaysian citizen
- Group Strategy Officer (2008-2008) Age
• Group Chief Financial Officer, Malayan Banking Berhad Group (2008-2012) 56 years old
• President Director and Chief Executive Officer, PT Bank Maybank Indonesia, Tbk
(2012-2013) Domicile
• RHB Banking Group: Malaysia
- Deputy Group Managing Director (2013-2015)
- Group Managing Director (2015 – 2022)
Concurrent Position
• President & Group Chief Executive Officer - Malayan Banking Berhad Group
(Maybank) (since 2022)
• Non-Executive Director - Payments Network Malaysia Sdn Bhd (Paynet)
(since 2022)
• Non-Executive Director - Cagamas Holdings Berhad (since 2022)
• Non-Independent Non-Executive Director/Maybank Singapore Limited (since
2022)
Committee Membership
Member of Nomination and Remuneration Committee
Education and Training 2023
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Invest Malaysia 2023 - Reshaping Malaysia's Narrative Series 2: Strengthening
Resilience and Sustaining Growth
• Agile Thinking Training for Non-Executive Directors
• Invest ASEAN 2023 - ASEAN Reboot: Reimagining the Future
• Annual Board Risk Workshop (ABRW) for FY2023
• Refreshment AML CFT For BOD & BOC
• Annual Board Risk Workshop – Navigating Execution Challenges in a Rapidly
Changing World
Affiliate Relationship
• Not affiliated with members of the Board of Commissioners and Board of Directors
of the Bank;
• Affiliated with majority Shareholders of the Bank.
Term of Office
2022 – 2025
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
History of Education
Bachelor of Economic in Accounting, University of Indonesia, Indonesia
Legal Basis of Appointment
• Appointment: Resolution of Extraordinary GMS dated 12 August 2010
• Effectively in serve: 8 April 2011.
• Reappointment:
- AGMS dated 19 April 2012
- AGMS dated 24 April 2015
- AGMS dated 6 April 2018
- AGMS dated 26 March 2021
Working Experience
• Auditor KAP Drs. Utomo & Co (SGV Arthur Andersen) (1982-1984)
• Auditor KAP Drs. Hadi Sutanto & Rekan (Price Waterhouse-Jakarta) (1985)
• Auditor Price Waterhouse - Audit Dept., Sydney (1986-1987)
• Auditor Manager KAP Drs. Hadi Sutanto & Rekan (Price Waterhouse-Audit Dept,
Jakarta) (1988-1989)
Budhi Dyah Sitawati • Executive Director, Tax Partner Consultant PT Prima Wahana Caraka/
Independent Commissioner PricewaterhouseCoopers (1990-2005)
• Expert/advisor/Special Committee on Taxation Act, Commission XI - House of
Representatives (2006-2009)
• Commissioner of PT Lintas Jeram Nusantara (2004-2011)
Citizenship • Lecturer, MAKSI/PPAK – Fakultas Ekonomi UI (2007-2012)
Indonesian citizen • Commissioner of PT Regulo Lintas Nusantara (2007-2010)
Age • President Commissioner of PT Regulo Lintas Nusantara (2010-2011)
64 years old • Supervisory Board at Koperasi Mitra Dhuafa (2009-2011)
• Director of PT Apsara Selaras Investa (2009-2011)
Domicile • Technical Advisor PT Prima Wahana Caraka (PwC – Tax, Indonesia) (2010-2015)
Jakarta, Indonesia • Deputy Representative Taxometry International (2017-2018)
Concurrent Position
• President Commissioner PT Bangkit Maju Wisata (since 2019)
• Board of Trustee - Maybank Foundation (since 2017)
Committee Membership
• Chairman also Member of Nomination and Remuneration Committee
• Chairman also Member of Integrated Good Corporate Governance Committee
• Member of Risk Oversight Committee
• Member of Whistleblowing Governance Committee
Education and Training 2023
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Sustainability Series - Green Labs
• Agile Thinking Training for Non-Executive Directors
• Maybank Indonesia Economic Outlook 2023, Sustaining Indonesia Economic
Recovery Momentum
• LESA 2023 (Leadership for Enterprise Sustainability Asia) Asian-Sustainablers in
Actions
• Annual Board Risk Workshop (ABRW) for FY2023
• Maybank Indonesia Sustainability Week 2023
• Refreshment AML CFT For BOD & BOC
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats and AI
Driven Attack in Banking Sector
• Workshop The Future Risk Management
• M25+ Grand Showcase
Affiliate Relationship
Not affiliated with other members of the Board of Commissioners, the Board of
Directors and the majority Shareholders of the Bank.
Term of Office
2021 – 2024
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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History of Education
• Bachelor of Economics, Universitas Indonesia, Indonesia
• Master of Arts in Economics, Duke University, USA
• Master of Law and Business Science, Universitas Padjadjaran,
Bandung
Legal Basis of Appointment
• Appointment: Resolution of AGMS dated 22 April 2013
• Effectively in serve: 20 February 2014.
• Reappointment:
- AGMS dated 22 April 2016
- AGMS dated 29 March 2019
- AGMS dated 25 March 2022
Working Experience
• BNI 1946 (PT Bank BNI Tbk), Kramat Branch, Jakarta (1967-1973)
• Internal Audit Department, First National City Bank (Citibank)
Jakarta (1974)
• Bank Indonesia (central Bank), staff to Deputy Governor: Achjar Iljas
1. Director, Economics & Statistics Department (1993-1996) Independent Commissioner
2. Executive Director, Economic & Monetary Statistics Department
(1996-1997)
3. Executive Director, Economic Research & Monetary Policy
Department (1996-1998) Citizenship
4. Deputy Governor, in charge of various areas including Indonesian citizen
(1998-2002):
Age
- Economic Research & Monetary Policy Department;
75 years old
- Economic & Monetary Statistics Department
- Human Resources Department; Domicile
- Credit Department; Jakarta, Indonesia
- Foreign Department;
- Legal & Secretariat Department.
• Independent Commissioner, PT Bank Negara Indonesia Tbk
(2003-2010) • Founding Signatories of IIFM (International Islamic Financial
• Independent Commissioner, PT BNP Paribas Indonesia Market), Bahrain (2001)
(2005-2007) • Member, Preparation Committee, IFSB (Islamic Financial
• President Commissioner, PT Bank Negara Indonesia Syariah Supervisory Board), Kuala Lumpur, Malaysia (2000- 2002)
(2010-2013)
Concurrent Position
Other Experience – Domestic • Advisory Board, IAEI (since 2004)
• Chairman, Religious Affair Bureau, KORPRI, Bank Indonesia • Advisor, ASBISINDO (since 2006)
(1993-1997) • Lecturer in Postgraduate Studies at Institute Technology and
• Chairman, KORPRI, Bank Indonesia (1998-1999) Business Ahmad Dahlan (ITBAD) (since 2009)
• Chairman, Expert Board, Economic Council, PP Muhammadiyah • Lecturer in Postgraduate Studies at STIE Indonesia Banking School
(2003-2005) (since 2014)
• Chairman, Economic Council, PP Muhammadiyah (2005-2006) • Faculty Member, Bank Indonesia Institute (since 2016)
• Member, Selection Committee of BAZNAS, Religious Affair
Ministry (2006) Committee Membership
• Member, Advisory Board, ABSINDO (Baitul Maal Wattamwil • Chairman also Member of Risk Oversight Committee
Association) (2005-2010) • Member of Audit Committee
• Candidate Chairman, Board of Commissioner, Otoritas Jasa
Keuangan (2012) Education and Training 2023
• Member, Shariah Banking Committee, Bank Indonesia (2013-2014) • Managing Cyber Risk by Mr Steve Ledzian, Vice President and
Chief Technology Officer (Asia Pacific & Japan) of Mandiant
Other Experience – International • Sustainability Series - Green Labs
• Assistant to Executive Director, IMF, Washington, D.C., USA • Agile Thinking Training for Non-Executive Directors
(1986-1990) • The Guru Series : Countdown to Innovation
• Adviser and/or member of the Indonesian delegation to • Annual Board Risk Workshop (ABRW) for FY2023
international conferences and meetings such as IGGI/CGI, IMF, • Maybank Indonesia Sustainability Week 2023
World Bank, ADB, IDB, GATT/WTO, APEC, and BIS (1999-2002) • Refreshment AML CFT For BOD & BOC
• Alternate Governor for Indonesia, World Bank Group (1999-2002) • The Guru Series - Fortifying Financial Frontlines: Navigating Cyber
• Member, Executive Committee, APRACA (Asia Pacific Rural & Threats and AI Driven Attack in Banking Sector
Agricultural Credit Association) (1999-2002) • M25+ Grand Showcase
• Member, EMEAP (Executive Meeting of East Asia & Pacific Central • Workshop The Future Risk Management
Banks (1999-2002)
• Member, Board of Directors SEACEN Centre (The South East Asia Affiliate Relationship
Central Banks Research & Training Centre) (1999-2002) Not affiliated with other members of the Board of Commissioners,
• Member, SEANZA (South East Asia, New Zealand & Australia the Board of Directors and the majority Shareholders of the Bank.
Central Banks) (1999-2002)
Term of Office
2022-2025
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History of Education
• Bachelor of Economic in Management, Universitas Padjadjaran Bandung.
• Master of Art, in Development Economics, Center for Development Economics
Williams College, USA
• Doctoral degree in Business Management, Universitas Padjadjaran, Indonesia.
Legal Basis of Appointment
• Appointment: Resolution of Extraordinary GMS dated 16 October 2017
• Effectively in serve: 22 January 2018.
• Reappointment:
- AGMS dated 30 March 2020
- AGMS dated 31 March 2023
Working Experience
• Credit Planning and Supervision Staff, General Credit Bank Indonesia (1983-1990)
• Head of Credit Section, Bank Indonesia Padang Branch (1990-1995)
• Head of Section for Balance of Payments Statistics Division, Economic and
Monetary Affairs Bank Indonesia (1995-1996)
Hendar • Economic Researcher, Department of Microeconomic Studies, Economic Research
Independent Commissioner Affairs and Monetary Policy Bank Indonesia (1996-1997)
• Deputy Head of the Balance of Payments Statistics Section, Economic Research
Affairs and Monetary Policy Bank Indonesia (1997-1999)
• Head of Balance of Payment Statistics Section Bank Indonesia (1999-2003)
Citizenship • Head of Policy Analysis and Planning Bank Indonesia (2003- 2004)
Indonesian citizen • Head of the Monetary Policy Bureau (2004-2009)
• Executive Director of the Monetary Management Department Bank Indonesia
Age
(2009-2013)
66 years old
• Assistant Governor of Bank Indonesia Payment System, Money Circulation and
Domicile Information System Management, Bank Indonesia (2013)
Jakarta, Indonesia • Deputy Governor of Bank Indonesia (2013-2016)
• President Commissioner PT Kebon Agung (2017-2023)
Concurrent Position
• Lecturer at STIE Indonesia Banking School (IBS) Jakarta (since 2017)
• Advisor PT Visa Worldwide Indonesia (since 2022)
Committee Membership
• Chairman also Member of Audit Committee
• Alternate Chairman also Member of Whistleblowing Governance Committee
• Member of Risk Oversight Committee
• Member of Nomination and Remuneration Committee
Education and Training 2023
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Sustainability Series - Green Labs
• Agile Thinking Training for Non-Executive Directors
• Maybank Indonesia Economic Outlook 2023, Sustaining Indonesia Economic
Recovery Momentum
• Annual Board Risk Workshop (ABRW) for FY2023
• Maybank Indonesia Sustainability Week 2023
• Refreshment AML CFT For BOD & BOC
• IIA National Conference - Komite Audit
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• Workshop The Future Risk Management
Affiliate Relationship
Not affiliated with other members of the Board of Commissioners, the Board of
Directors and the majority Shareholders of the Bank.
Term of Office
2023 – 2026
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History of Education
Bachelor of Philosophy/Economy, Principia College, Elsah, Illinois, USA
Legal Basis of Appointment
• Appointment: Resolution of the AGMS dated 31 March 2017
• Effectively in serve: 2 March 2018
• Reappointment:
- AGMS dated 30 March 2020
- AGMS dated 31 March 2023
Working Experience
• Vice President, Head of Treasury and Financial Markets Citibank NA (1972-1997)
• Senior Advisor, Atlantic Richfield (1997-1999)
• Executive Vice President, PT Bank Mandiri Indonesia Tbk (1999-2000)
• Head of BPPN, Indonesian Bank Restructuring Agency (“IBRA”)/BPPN
(2000-2001)
• Commissioner, PT Bank Central Asia Tbk (2002-2003)
• Independent Commissioner, PT Bank Danamon Indonesia Tbk (2003-2005)
• President Director, PT BHP BILLITON (2007-2013) Edwin Gerungan
• President Commissioner, PT Bank Mandiri Indonesia Tbk (2005-2014) Commissioner
• Commissioner, PT Indonesia Infrastructure Finance (2014-2018)
Concurrent Position
• Independent Non-Executive Director - Malayan Banking Berhad (since 2015) Citizenship
• President Commissioner - PT Melchor Tiara Pratama (Melchor Group) (since 2021) Indonesian citizen
Age
Committee Membership 75 years old
• Member of Nomination and Remuneration Committee
• Member of Risk Oversight Committee Domicile
• Member of Information Technology Oversight Committee Jakarta, Indonesia
Education and Training 2023
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Sustainability Series - Green Labs
• Agile Thinking Training for Non-Executive Directors
• Maybank Indonesia Economic Outlook 2023, Sustaining Indonesia Economic
Recovery Momentum
• Annual Board Risk Workshop (ABRW) for FY2023
• Refreshment AML CFT For BOD & BOC
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• Workshop The Future Risk Management
• Mandatory Accreditation Program Part II, Leading for Impact (LIP)
• M25+ Grand Showcase
Affiliate Relationship
• Not affiliated with other members of the Board of Commissioners
and Board of Directors of the Bank;
• Affiliated with majority Shareholders of the Bank.
Term of Office
2023 - 2026
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History of Education
Bachelor of Economics in Business Administration (Honors), University of Malaya,
Malaysia
Legal Basis of Appointment
• Appointment: Resolution of Extraordinary GMS dated 18 October 2018
• Effectively in serve: 5 August 2019
• Reappointment: AGMS dated 26 March 2021
Working Experience
• Chief Manager, Maybank (1997-2000)
• President & CEO, Maybank Philippines Inc (2000-2006)
• Senior Executive Vice President, Maybank (2006-2008)
• Deputy President, Maybank Malaysia (2008-2013)
• Group Head CFS & CEO, Maybank Singapore (2014-2017)
• Non Executive Director, Maybank Philippines Inc (2014-2023)
• Group CEO – CFS, Maybank (2017-2018)
Datuk Lim Hong Tat Concurrent Position
Commissioner • Senior Advisor, Creador (Private Equity Co,). (since 2018)
• Senior Advisor, Areca Capital Sdn Bhd. (since 2018)
• Independent Non-Executive Director – Malaysia Smelting Corporation Berhad
(MSC) (since 2022)
Citizenship
Malaysian citizen Committee Membership
• Member of Risk Oversight Committee
Age
• Member of Information Technology Oversight Committee
64 years old
Domicile Education and Training 2023
Selangor, Malaysia • Bankers Institute of the Philippines, Inc. General Membership Meeting and
Executive Learning Series – The 2023 Philippine Economic Outlook
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Agile Thinking Training for non-Executive Directors
• Annual Board Risk Workshop (ABRW) for FY2023
• Refreshment AML CFT For BOD & BOC
• Workshop The Future Risk Management
Affiliate Relationship
• Not affiliated with other members of the Board of Commissioners
and Board of Directors of the Bank;
• Affiliated with majority Shareholders of the Bank.
Term of Office
2021-2024
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History of Education
Bachelor of Laws degree, Bhayangkara University, Surabaya, East Java
Legal Basis of Appointment
• Appointment: Resolution of AGMS dated 26 March 2021
• Effectively in serve: 7 September 2021
Working Experience
• Adjutant to the President of the Republic of Indonesia, Susilo Bambang
Yudhoyono, Indonesia National Police Agency. (2004-2009)
• Vice Chief of Metro Jaya Regional Police, Indonesia National Police Agency
(2009-2011)
• Chief of Banten Regional Police, Indonesia National Police Agency. (2011)
• Chief of West Java Regional Police, Indonesia National Police Agency (2011-2012)
• Chief of Metro Jaya Regional Police, Indonesia National Police Agency (2012-2014)
• Head of the Security Maintenance Board, Indonesia National Police Agency
(2014- 2017)
• Chief Executive of the Illegal Levy Eradication Task Force - the Coordinating
Ministry for Political, Legal and Security Affairs, Indonesia National Police Agency. Putut Eko Bayuseno
(2017-2019) Independent Commissioner
• Inspector of General Supervision, Indonesian National Police (2017-2019)
• Advisor, PT Hyundai Indonesia (2019-2021)
Concurrent Position Citizenship
Commissioner, PT Agincourt Resources (since 2021) Indonesian citizen
Age
Committee Membership 62 years old
• Chairman also Member of Whistleblowing Governance Committee
• Member of Risk Oversight Committee Domicile
• Member of Audit Committee Jakarta, Indonesia
Education and Training 2023
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Sustainability Series - Green Labs
• Agile Thinking Training for Non-Executive Directors
• Annual Board Risk Workshop (ABRW) for FY2023
• Refreshment AML CFT For BOD & BOC
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• Workshop The Future Risk Management
Affiliate Relationship
Not affiliated with other members of the Board of Commissioners and the majority
shareholder.
Term of Office
2021-2024
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History of Education
• Bachelor of Science in Marketing, Southern Illinois University
• Master of Business Administration, Southern Illinois University
• Advanced Management Programme, The Wharton School of Business, University
of Pennsylvania
Legal Basis of Appointment
Appointed as Commissioner of PT Bank Maybank Indonesia, Tbk based on the
resolution of the General Meeting of Shareholders (GMS) dated 25 March 2022 and
has received approval of Fit and Proper Test Assessment from the Financial Services
Authority with an effective date of 6 July 2022, with a term of office until the closing
of the Company's Annual GMS in 2025.
Working Experience
• Enterprise Banking, Corporate Banking, International Banking and Credit
Management, Maybank (1981-2005)
• Affin Bank Berhad:
- Director, Business Banking (2005-2009)
Dato' Zulkiflee Abbas - Managing Director/Chief Executive Officer (2009-2015)
Abdul Hamid • Chief Executive Officer, Affin Holdings Berhad (2014-2015)
Commissioner • Independent Non-Executive Director, Maybank Islamic Berhad (2016-2017)
• President/Managing Director, Bank Kerjasama Rakyat Malaysia Berhad (2017-2019)
Concurrent Position
• Independent Non Executive Director, Malayan Banking Berhad Group (Maybank)
Citizenship (since 2019)
Malaysian citizen • Independent Non Executive Director and Chairman Maybank Islamic Berhad
Age (since 2019)
66 years old
Committee Membership
Domicile • Chairman also Member of Information Technology Oversight Committee
Malaysia • Member of Risk Oversight Committee
Education and Training 2023
• Managing Cyber Risk by Mr Steve Ledzian, Vice President and Chief Technology
Officer (Asia Pacific & Japan) of Mandiant
• Sustainability Series - Green Labs
• Invest Malaysia 2023 - Reshaping Malaysia's Narrative Series 1: Strengthening
Resilience and Sustaining Growth
• FIDE Elective: Risk Management Committee - Banking Sector
• Agile Thinking Training for Non-Executive Directors
• Leadership for Enterprise Sustainability Asia (LESA 2023)
• Financial Reporting on Impact of Climate Change Effects
• SP5 Showcase for Board of Directors
• Understanding the Impact of Digital Transformation in the Financial Industry:
What Board Members Need to Know
• Invest ASEAN 2023
• Annual Board Risk Workshop (ABRW) for FY2023
• 7th Shariah Discourse - Islam and Restoration of Justice in Society
• Refreshment AML CFT For BOD & BOC
• Advocacy sessions for Directors and CEOs of Main Market Listed Issuers
• Audit Committee Conference 2023 - Catalysts of Change
• Khazanah Megatrends Forum
• The Future Risk Management Workshop
• Mandatory Accreditation Programme Part II: Leading for Impact (LIP)
• What Amounts to a Conflict of Interest by Directors?
• Cyber Risk & Security Awareness Session
Affiliate Relationship
• Not affiliated with other members of the Board of Commissioners, the Board of
Directors and the majority Shareholders of the Bank;
• Affiliated with majority Shareholders of the Bank.
Term of Office
2022-2025
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Board of Directors
Profile
History of Education
Bachelor of Accounting, The Ohio State University, USA
• Strategic Leadership Program at University of Oxford, Saïd Business School,
England
• Advance Management Program at Harvard Business School, USA
Legal Basis of Appointment
Legal Basis of Appointment as President Director
• Appointment: Resolution of EGMS dated 11 November 2013
• Effectively in serve: 12 March 2014
• Reappointment:
- Resolution of GMS dated 24 April 2015
- Resolution of GMS dated 6 April 2018
- Resolution of GMS dated 26 March 2021
Legal Basis of Appointment as SBU Director
• Appointment: Keputusan Resolution of EGMS dated 11 November 2013
• Effectively in serve: 9 October 2014
Taswin Zakaria
Working Experience President Director
• Assistant Vice President, Citibank N.A (1992-1997)
• Vice President of Debt Capital Market, Deutsche Bank AG (1997-2001)
• Director of Debt Capital Market, Barclays Capital (2001-2003)
• Independent Commissioner, PT Bank Maybank Indonesia, Tbk (2003-2013) Citizenship
• Commissioner, PT Jasa Angkasa (2005-2013) Indonesian citizen
• President Director, PT Indonesia Infrastructure Finance (2010-2011) Age
55 years old
Concurrent Position
• Board of Management, Perbanas (since 2016) Domicile
• Board of Management Ikatan Bankir Indonesia (since 2019) Jakarta, Indonesia
Committee Membership
• Chairman of Risk Management Committee
• Chairman of Assets & Liabilities Management Committee
• Chairman of Information Technology Steering Committee
• Chairman also Member of Human Capital Committee
• Chairman also Member of Credit Restructuring Committee 1
• Chairman also Member of Credit Committee 1
• Alternate Chairman also member of Integrated Risk Management Committee
• Chairman of Transformation Steering Committee
• Chairman of Credit/Financing Policy Committee
Education and Training 2023
• Agile Session
• Training on Agile Thinking
• M25+ SP4 Regional Workshop
• Group EXCO Workshop - FY23 Catch-up Plans
• Annual Board Risk Workshop 2023
• Sustainability Series - Green Labs
• Agile Training - Exploring Agility
• AML/CTF & Sanctions training for the BOD/BOC
• Maybank M25 Unlimited Potential (M24UP) Programme
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2021-2024
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History of Education
Bachelor in Accounting, the National University of Singapore
Legal Basis of Appointment
• Appointment: Resolution of GMS dated 20 March 2009
• Effectively in serve: 4 August 2009
• Reappointment:
- AGMS dated 5 June 2012
- AGMS dated 24 April 2015
- AGMS dated 6 April 2018
- AGMS dated 26 March 2021
Working Experience
• Assurance & Training Manager PricewaterhouseCoopers Singapore (1985-1992)
• Senior Manager Assurance PricewaterhouseCoopers Hongkong (1993-1997)
• Partner Transaction Service PricewaterhouseCoopers Indonesia (1998-2005)
• Finance, Financial Planning & Strategy and General Affairs Director
PT Bank CIMB Niaga Tbk and Director of Finance and Operation PT Bank Lippo Tbk
Thilagavathy Nadason (2005-2009)
Director
Concurrent Position
A member of Board of Commissioners PT Wahana Ottomitra Multiartha Tbk
(since 2015)
Citizenship
Malaysian citizen and having a permanent Committee Membership
residence permit in Indonesia • Chairman of Internal Audit Committee
• Chairman of Impairment Committee
Age
• Member of Risk Management Committee
62 years old
• Member of Assets & Liabilities Management Committee
Domicile • Member of Credit Restructuring Committee 1 & 2
Jakarta, Indonesia • Member of Information Technology Steering Committee
• Member of Human Capital Committee
• Member of Transformation Steering Committee
• Member of Credit/Financing Policy Committee
Education and Training 2023
• Maybank M25+ Chapter Leads Sharing Session
• Maybank ESG Initiatives & Updates
• BCG and AC Ventures report launch: Shaping the Future of Fintech in Indonesia
• Join BCG & KADIN: An Evening of Innovation, Al & Data Personalization
• Maybank M25 Unlimited Potential (M24UP) Programme - Cohort 22
• Maybank Agile Training - Exploring Agility
• Sustainability Series - Green Labs
• M25+ TOWNHALL with DATO' KHAIRUSSALEH RAMLI
• Maybank Indonesia Sustainability Week 2023
• Seminar Internasional The Future of Digitalization in Multifinance Industry
• AML/CTF & Sanctions training for the BOD/BOC
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• M25+ Grand Showcase
• Business Alignment 2023
• Speech at SYNERGY x ELEVATE 2023
• The Story of Quran with Prof M Quraish Shihab,”-Part of grand launching of
Maybank Shariah Wealth Management”
• Talkshow: Women in Finance: Closing the Leadership Gap by @America
• M25+ Chapter Leads Sharing Session
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2021-2024
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History of Education
Bachelor in Psychology with cum laude, Universitas Padjadjaran
Legal Basis of Appointment
• Appointment: Resolution of EGMS dated 1 December 2015
• Effectively in serve: 21 January 2016
• Reappointment:
- Resolution of GMS dated 6 April 2018
- Resolution of GMS dated 26 March 2021
Working Experience
• Training & Development Manager PT Kalbe Farma (1992-1996)
• Training & Development Manager TNT Indonesia (1996-1998)
• Country HR Director TNT Indonesia (1998-2008)
• Head of Human Resources for Sub Region Indonesia Nokia Siemens Network
(2008- 2011)
• Director of HR Indonesia & HR Leader for Southeast Asia Region (ISC Department)
Mondelez International (2011-2015)
Irvandi Ferizal
Concurrent Position Director
No concurrent positions
Committee Membership
• Chairman of Human Capital Disciplinarian Committee Citizenship
• Member of Risk Management Committee Indonesian citizen
• Member of Information Technology Steering Committee Age
• Member of Human Capital Committee 55 years old
• Member of Internal Audit Committee
• Member of Transformation Steering Committee Domicile
• Member of Whistleblowing Governance Committee Jakarta, Indonesia
Education and Training 2023
• M25 Unlimited Potential (M25UP) Programme
• Agile Leadership Training
• Maybank International Womens Day (Strengthening Womens Mentality towards
Gender)
• Webinar Exploring Human Capabilities to Pursue Core Strategies in Digital Era
• Sustainability Series - Green Labs
• LESA 2023 (Leadership for Enterprise Sustainability Asia) Asian-Sustainablers in
Actions
• Agile Training - Exploring Agility
• Maybank Indonesia Sustainability Week 2023
• Refreshment AML CFT for BOD & BOC
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• IMD: Stakeholder Management for Boards
• IMD: Strategy Governance for Boards
• IMD: Team Dynamics for Boards
• M25+ Grand Showcase
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2021-2024
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History of Education
• Bachelor of Petroleum Engineering, Institut Teknologi Bandung (ITB) (1994)
• Master of Business Administration, MMU University Malaysia
Legal Basis of Appointment
• Appointment: Resolution of AGMS dated 31 March 2017
• Effectively in serve: 21 July 2017.
• Reappointment:
- AGMS dated 30 March 2020
- AGMS dated 31 March 2023
Working Experience
• Project Engineer Oil Production Sharing, PT Arco Indonesia (1994-1995)
• Account Officer, PT Bank Danamon Indonesia Tbk (1995-1999)
• Senior Staff (Manager) Task Force BBKU- Asset Management Investment,
Indonesia Bank Restructuring Agency (“IBRA”) (1999-2000)
• Group Head (AVP) Risk Management Credit Review Division, IBRA (BPPN)
(2000-2004)
Effendi • Financial Controller (on behalf of IBRA), PT Pindo Deli Pul & Paper Mills ad
Director PT Lontar Papyrus Pulp & Paper Industry (APP Sinar Mas Group) (2002-2003)
• Credit Adviser – Credit Risk Division, PT Bank Central Asia Tbk (2004-2007)
• Senior Risk Manager (AVP), PT Bank Internasional Indonesia Tbk (2007-2008)
• Corporate Banking Risk Head (VP), PT Bank Maybank Indonesia Tbk (2008)
Citizenship • Bankwide Risk Head (VP), PT Bank Maybank Indonesia Tbk (2008-2009)
Indonesian citizen • Credit Risk Management Group Head (SVP-PE) PT Bank Maybank Indonesia Tbk
(2009- 2015)
Age
• Chief Credit Officer (EVP-PE), PT Bank Maybank Indonesia Tbk (2015-2017)
53 years old
Domicile Concurrent Position
Jakarta, Indonesia No concurrent positions
Committee Membership
• Chairman of Integrated Risk Management Committee
• Alternate Chairman also Member of Credit Restructuring Committee 1
• Alternate Chairman also Member of Credit Committee 1
• Chairman also Member of Credit Restructuring Committee 2
• Chairman also Member of Credit Committee 2
• Deputy Chairman also Member of Risk Management Committee
• Member of Internal Audit Committee
• Member of Assets & Liabilities Management Committee
• Member of Information Technology Steering Committee
• Member of Impairment Committee
• Member of Human Capital Committee
• Member of Transformation Steering Committee
• Member of the Whistleblowing Governance Committee
• Vice Chairman also Member of Credit/Financing Policy Committee
Education and Training 2023
• M25 Unlimited Potential (M25UP) Programme - Cohort 16
• Sustainability Series - Green Labs
• Economic Outlook
• CRO Forum
• M25+ Governance Workshop
• Agile Training - Exploring Agility
• Annual Board Risk Workshop
• Maybank Indonesia Sustainability Week 2023
• Group Risk Talent Review
• AML/CFT & Sanction training for the BOD/BOC
• Global CR Day-2023 for Maybank Indonesia
• Oxford Social Finance Program
• Risk Management Workshop
• Pembicara di The 7th Indonesia Risk Management Outlook - LPPI
• Group Risk Team Effectiveness Program
• BOC Offsite Meeting
• Martabak for Maybankers
• EDP Final Presentation & Graduation
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2023-2026
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History of Education
• University of Oxford, Saïd Business School, England - Oxford Strategic Leadership
Programme - 2019
• State University of New York at Buffalo, USA - Bachelor of Science in Business
Administration - 1992
• G.P. Vanier Secondary School, British Columbia, Canada as an AFS Scholar -
High School - Class of 1987
Legal Basis of Appointment
• Appointment: Resolution of EGMS dated 18 October 2018
• Effectively in serve: 18 January 2019
• Reappointment: AGMS 26 March 2021
Working Experience
• Senior Manager Corporate Accounts, Deutsche Bank AG (1992-1997)
• Director, Corporate Banking, Bank American Express (1997)
• Bank ANZ Indonesia
- Executive Director (1997-1998)
- Executive Director, Personal Banking (1998-1999) Muhamadian
- Executive Director, Risk and Compliance (1999-2008) Director
- Executive Director, Compliance and Legal (2008-2013)
- Executive Director, Compliance and Financial Crime (2013-2018)
Concurrent Position Citizenship
No concurrent positions Indonesian citizen
Age
Committee Membership 55 years old
• Member of Risk Management Committee
• Member of Internal Audit Committee Domicile
• Member of Human Capital Committee Jakarta, Indonesia
• Member of Transformation Steering Committee
• Member of Whistleblowing Governance Committee
• Member of Information Technology Steering Committee
• Member of Credit/Financing Policy Committee
Education and Training 2023
• M25 Unlimited Potential (M25UP) Programme - Cohort 14
• Group Corporate Legal and Legal Services Regional Training 2023
• M25+ Governance Risk Workshop
• Agile Training - Exploring Agility
• Maybank Indonesia Sustainability Week 2023
• AML/CTF & Sanctions training for the BOD/BOC
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• M25+ Grand Showcase
• Business Alignment 2023
Gives Training 2023
• LCCA Training - Jakarta 1
• LCCA Training - Jakarta 2
• LCCA Training - Sulawesi & ITB
• LCCA Training - Sumatera Selatan
• LCCA Training - Jawa Tengah
• LCCA Training - Jakarta 3
• LCCA Training - Sumatera Utara
• LCCA Training - Kalimantan
• LCCA Training - Jawa Barat
• LCCA Training - Jatim Bali Nusra
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2021-2024
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History of Education
• Bachelor of Economics, Universitas Padjadjaran, Bandung
• Master of Business Administration, The University of Texas at San Antonio, USA
Legal Basis of Appointment
• Appointment: Resolution of EGMS dated 18 October 2018
• Effectively in serve: 18 January 2019
• Reappointment: Resolution of AGMS dated 26 March 2021
Working Experience
• Head of Treasury Operations, Bank Credit Lyonnais Indonesia (1997-2001)
• Head of Asia Control & Coordination Capital Markets Operations, Credit Agricole,
Hong Kong (2001-2005)
• Head of Wholesale Banking Operations, Bank DBS Indonesia (2005-2009)
• Acting Head of Technology & Operations, Bank DBS Indonesia (2010)
• Head of Institutional Operations, Bank ANZ Indonesia (2010-2015)
• Director of Operations &Technology, Bank Sumitomo Mitsui Indonesia (2015-2018)
Widya Permana Concurrent Position
Director No concurrent positions
Committee Membership
• Member of Risk Management Committee
Citizenship • Member of Internal Audit Committee
Indonesian citizen • Member of Information Technology Steering Committee
• Member of Human Capital Committee
Age
• Member of Assets & Liabilities Management Committee
54 years old
• Member of Transformation Steering Committee
Domicile
Jakarta, Indonesia Education and Training 2023
• Maybank ESG Masterclass 3 - From the Triple Bottom Line to the Regenerative
Economy: State of Play
• Maybank ESG 3rd Coaching Check-In with Learning Labs - Carbon Exchange
• Understanding Climate Risk: Launch of The ASEAN Climate Governance Work
• Green Banking Transformation: Business Case for Green Building and Green
Housing Finance
• Unlocking Capital Markets for Sustainable Finance
• Cybersecurity: what to expect amid rising risks
• Special Maybank Group Townhall - Our Refined Strategy M25+
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2021-2024
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History of Education
Bachelor of Science in Business Administration Oklahoma State University, United
States of America.
Legal Basis of Appointment
• Appointment: Resolution of AGMS dated 30 March 2020
• Effectively in serve: 2 June 2020
• Reappointment: AGMS dated 31 March 2023
Working Experience
• Sales Supervisor, Herbalife International Inc., Stillwater, Oklahoma, USA (1994-
1995)
• Management in Trainee, Builders Square, Tulsa, Oklahoma, USA (1995)
• CITIBANK
- Citiphone Banking Office/Liabilities Product & Complaint Resolution Champion
– Assistant Manager (1996-1998)
- Branch & ATM Expansion Project – Assistant Manager (1998-1999)
- Bank Card Sales Manager (1999-2000)
- Bank Card Deputy Regional Sales Manager (2001) Steffano Ridwan
- Bank Card Regional Sales Manager for Jakarta Area – Assistant Vice President Director
(2001- 2002)
• Standard Chartered Bank
- Head of National Sales, Consumer Banking (2003-2006)
- Value Centre General Manager Shared Distribution Consumer Banking Citizenship
(2006-2007) Indonesian citizen
• Retail Banking Lending Head – Senior Vice President, PT Bank Danamon Indonesia Age
Tbk (2007-2008) 50 years old
• PT Bank DBS Indonesia
- Head of Consumer Finance Business – Senior Vice President (2008-2009) Domicile
- Deputy Head of Consumer Banking Group (2010) Jakarta, Indonesia
- Managing Director, Director of Consumer Banking Group (2010-2015)
- Acting President Director (CEO) for DBS Indonesia (2015)
- Managing Director, Director of Commercial & SME Banking (2015-2018)
• Head of Business Banking (Board of Management) PT Bank BTPN Tbk (2018-2020)
Concurrent Position
A member of Board of Commissioners PT Maybank Finance Indonesia (since 2020)
Committee Membership
• Member of Risk Management Committee
• Member of Assets & Liabilities Management Committee
• Member of Information Technology Steering Committee
• Member of Credit Committee 1 & 2
• Member of Impairment Committee
• Member of Human Capital Committee
• Member of Internal Audit Committee
• Member of Credit Restructuring Committee 1 & 2
• Member of Transformation Steering Committee
• Member of Credit/Financing Policy Committee
Education and Training 2023
• M25 Unlimited Potential (M25UP) Programme
• Sustainability Series - Green Labs
• Agile Training - Exploring Agility
• Maybank Indonesia Sustainability Week 2023
• AML/CTF & Sanctions training for the BOD/BOC
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2023-2026
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History of Education
Bachelor of Industrial Engineering, Universitas Trisakti Jakarta
Legal Basis of Appointment
• Appointment: Resolution of AGMS dated 30 March 2020
• Effectively in serve: 13 July 2020
• Reappointment: AGMS dated 31 March 2023
Working Experience
• Citibank N.A.
- Management Associate & Junior Dealer (Management Trainee) (1990-1995)
- Risk Treasury Desk (1996-1999)
- Head of Fixed Income Sales & Trading (2000-2005)
• PT Bank Lippo Tbk
- Head of Fixed Income Sales & Trading (2006)
- General Manager, Treasury Group (2006-2008)
- Executive General Manager, Treasury – Treasury Group,
PT Bank CIMB Niaga Tbk (2008-2009)
Ricky Antariksa • PT Bank Internasional Indonesia Tbk
Director - Head of Global Market – Treasury (2009-2014)
- Head, State Owned Enterprise (2014)
• PT Bank Maybank Indonesia Tbk
- Acting Head, Corporate Banking 1 (2014-2015)
Citizenship - Head, Public Sector & Energy (2014-2018)
Indonesian citizen - Acting Head, Local Corporate & Multinationals (2018-2019)
- Head, Public Sector (2018-2020)
Age
58 years old
Concurrent Position
Domicile No concurrent positions
Jakarta, Indonesia
Committee Membership
• Member of Risk Management Committee
• Member of Asset & Liabilities Management Committee
• Member of Information Technology Steering Committee
• Member of Impairment Committee
• Member of Human Capital Committee
• Member of Credit Restructuring Committee 1 & 2
• Member of Credit Committee 1 & 2
• Member of Transformation Steering Committee
• Member of Credit/Financing Policy Committee
Education and Training 2023
• Global Islamic Finance Summit 2023 (GIFS 2023): "Islamic Finance for Real Sector
Development
• M25 Unlimited Potential (M25UP) Programme - Cohort 19
• Sustainability Series - Green Labs
• Agile Training Dalam Rangka Hari Ulang Tahun Maybank 2023
• Maybank Indonesia Sustainability Week 2023
• AML/CTF & Sanctions Training for The BOD/BOC
• Refreshment Treasury Advance
• The Guru Series - Fortifying Financial Frontlines: Navigating Cyber Threats
and AI Driven Attack in Banking Sector
• M25+ Grand Showcase
• Oxford Strategic Leadership Program
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2023-2026
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History of Education
• Bachelor of Science in Math, Institut Teknologi Bandung (ITB)
• Master of Management, PERBANAS Institut
• PhD candidate School of Business Management, Institut Teknologi Bandung (ITB)
Legal Basis of Appointment
Appointed as Director of Information and Technology of PT Bank Maybank Indonesia,
Tbk based on the resolution of the Extraordinary General Meeting of Shareholders
(EGMS) dated September 28, 2022 and has obtained approval for Fit and Proper
Test Assessment from the Financial Services Authority with an effective date of
November 15, 2022, with a term of office until the closing of the Company's Annual
GMS in 2025.
Working Experience
• IT Development Officer, Bank Niaga (2001-2004)
• Retail Banking Support Department Head, Information Technology, Bank Mega
(2004-2005)
• SAVP, Customer Touchpoints Group Head, Information Technology, Bank
Danamon Indonesia (2005-2009) Bambang Andri Irawan
• Vice President, e-Channels Head, Bank Barclays Indonesia (2009-2010) Director
• Senior Vice President, Head of IT Application Management, Bank Commonwealth
Indonesia (2010-2015)
• Executive Vice President, Head of Hub Operations, Productivity & Process
Excellence, Bank Commonwealth Indonesia (2015-2016) Citizenship
• Executive Vice President, Head of Technology, Bank Commonwealth Indonesia Indonesian citizen
(2016-2018) Age
• Chief Operation Officer and Operations & Technology Director, Bank QNB 45 years old
Indonesia (2018-2022)
Domicile
Concurrent Position Jakarta, Indonesia
No concurrent positions
Committee Membership
• Deputy Chairman Information Technology Steering Committee
• Member of Risk Management Committee
• Member of Internal Audit Committee
• Member of Human Capital Committee
• Member of Transformation Steering Committee
Education and Training 2023
• M25 Unlimited Potential (M25UP) Programme
• IT Agile Training & Planning
• Maybank Indonesia Economic Outlook Event 2023
• Mastersystem - Transforming Financial Services for Indonesia's Digital Economy
• Maybank Indonesia Sustainability Week 2023
• AML/CTF & Sanctions training for the BOD/BOC
• Sustainability Day 2023
• IT Strategy Evaluation & Workshop
• Business Alignment 2023
Affiliate Relationship
Not affiliated in financial or familial relationships with other members of the Board of
Directors, Board of Commissioners, the majority and controlling shareholder.
Term of Office
2022-2025
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Changes in the Composition
of Management after
Financial Year
There were no changes in the composition of members of the Board of Directors and/or members of the Board of
Commissioners after the end of the financial year until until the submission deadline of the 2023 Annual Report.
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Senior Management
Profile
Hariseno Acharyama Charles Budiman
Head, Internal Audit Head, Strategy, Transformation & Digital Office
Indonesian citizen, 44 years old. Indonesian citizen, 49 years old.
Joined Maybank Indonesia in 2015 with about 21 years of Joined Maybank Indonesia in December 2022 with more
experiences in banking audit, risk and compliance area. than 28 years of experience in banking and management
Previously he was the Head Credit & Treasury Audit Division consulting. He started his career in Europe for 13 years
at Maybank Indonesia, Enterprise Risk Management Group with work experience in various Management Consulting
Head at Bank Sahabat Sampoerna, Compliance Advisory companies (EY, Accenture, BearinPoint and Gartner
Head at Bank ANZ Indonesia, SKAI Quality Assurance Head Consulting). He then continued his career in Indonesia at
at Commonwealth Bank Indonesia, and Risk Advisory Services 3 different banks: Commonwealth Bank, Maybank and KB
Project Leader at KPMG - Siddharta Consulting Indonesia. Bukopin with focuses on Strategic Planning, Transformation,
Sales & Distribution and Digital.
Michael Adrian
Head, Strategy & Transformation Sonny Supriyadi
Indonesian citizen, 37 years old. Head, Pricing & Data Analytics
Joined Maybank Indonesia in April 2023 as the Head of Indonesian citizen, 55 years old.
Strategy with 10 years of experience in consulting industry. Sonny joined Maybank Indonesia in 2019 with 29 years
Previously, he was a Principal at the Boston Consulting Group. experience in banking and non-banking industries. Previously
Sonny was the Pricing Director at Virrata Ltd and Group
Tommy Hersyaputera Pricing Expert at Luvata, United Kingdom.
Head, Corporate & Brand Communications
Indonesian citizen, 41 years old. Romy Hardiansyah Buchari
Tommy joined Maybank Indonesia in 2020 with more than Head, Shariah Banking (UUS)
21 years of experience in various industries, of which 7 years Indonesian citizen, 51-year old.
of his career is in the financial services and banking industry. Romy manages the Shariah-compliant business of the Bank,
Prior to joining Maybank Indonesia, he was assigned as the helping customers from Retail, Priority, SME, Commercial
Senior Vice President Communications, Strategy & Public to Corporate and Wholesale segment. He joined Maybank
Affairs at PT Bank HSBC Indonesia, and Country Head of Indonesia in June 2019 with 27 years experience in banking
Government Affairs and Public Policy for VISA Indonesia and non-banking industries. Besides working in Indonesia, he
and the Philippines, and General Manager, Government & had professionally worked in various countries such as United
Public Affairs at Equinor Indonesia (Norway’s national energy States of America, Oman, Saudi Arabia, Singapore and United
company). Arab Emirates, with institutions such as ABN AMRO, Al Bilad,
Emirates Islamic Bank, HSBC, and McKinsey & Company.
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Grace Tobing Rika
Head, Sustainability Head, Financial Crime Compliance
Indonesian citizen, 39 years old. Indonesian citizen, 39 years old.
Joined Maybank Indonesia since 2013 and she effectively Joined Maybank Indonesia on 27 October 2022 as the Head
served as Head, Sustainability since July 2022. Since June 2019 of Financial Crime Compliance with 16 years experiences in
to June 2022 she was internationally assigned to Maybank the area of financial crime compliance. Previously she was
Group (Group Risk) to managed numerous strategic projects the Head of FCC with PT Bank QNB Indonesia and Senior
in Sustainability such as Industry Scrum Programme, Group Manager with PT Ernst & Young Indonesia.
ESG Risk Management Framework. She has more than 16
years of banking experience, including in Citibank, CIMB Imanuel Cipta Idaman Tarigan
Investment etc and earned a bachelor's degree in Economics Head, Credit Risk Management
and Finance from RMIT University Australia. Indonesian citizen, 43 years old.
He joined Maybank Indonesia in 2014 with more than 19 years
Rudy Steven Gultom of experience in banking industry. Previously he was Business
Head, Anti Fraud Manager and Regional Desk Manager at PT Bank CIMB Niaga,
Indonesian citizen, 40 years old. Tbk.
Joined Maybank Indonesia in July 2021 as the Head,
National Investigation & Monitoring Action with 17 years Suryo Prasetya
experiences in FMCG (Fast Moving Consumer Goods) and Head, Operational Risk & Business Continuity
Telecommunication industries. Previously he was the Forensic Indonesian citizen, 43 years old.
& Dispute Investigation Head in Danone Indonesia and Joined Maybank Indonesia in 2019 with 21 years of
Forensic Audit Head in Smartfren Telecom. He holds Certified experiences in banking and non-banking industries. Previously
Fraud Examiner (CFE) and Enterprise Risk Management was the Head, Non Retail Credit Policy & Strategic Risk
Certified Professional (ERMCP) credentials. Management. Prior joining Maybank Indonesia he served as
Enterprise Risk & Control Head at Bank Sahabat Sampoerna
Aditya Rakhman Alam and Risk Modeling Head Wholesale at Bank Danamon.
Head, Corporate Legal & Litigation
Indonesian Citizen, aged 41. Yosef Oktavianus Senobua
Joined Maybank Indonesia in June 2021. He is a legal Head, Enterprise Risk Management
professional with nearly two decades of impressive Indonesian citizen, 47 years old.
experience in the banking, financial and legal industries. With Joined Maybank Indonesia since August 2015 with 23 years of
a background of working in various prominent law firms in experience in the banking especially in Risk Management area
Jakarta associated with international global law firms and and service industry. Prior to joining Maybank Indonesia, he
multinational banks in Indonesia, he has developed profound served as Market & Liquidity Risk Analytics Head at PT Bank
expertise in legal dispute resolution, financial and corporate Danamon Indonesia Tbk, Market Risk Management Head at
legal matters. PT Bank CIMB Niaga Tbk, Market Risk Manager at PT Bank
Lippo, Tbk and Strategic Planning at PT Bank OCBC NISP Tbk.
Emil Ananda Hilmy
Head, Retail Credit Portfolio & Policy
Indonesian citizen, 55 years old.
He joined Maybank Indonesia since September 2013 with 28
years of experience in banking and financial services industry.
Previously he was Risk & Finance Director at PT Bank Sinar
Harapan Bali, a subsidiary of PT Bank Mandiri Tbk.
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Albertus Dimas Agusnugroho Rusdi Rachim
Head, Non Retail Credit Policy & Strategic Risk Head, Chief Information Security
Management Indonesian citizen, 50 years old.
Indonesian citizen, 37 years old. Joined Maybank Indonesia in June 2022 as the Chief
He joined Maybank Indonesia in 2019 with 12 years of Information Security Officer (CISO) with 7 years experiences
experience in banking industry. Previously he served as in banking, 3 years in telecommunication industry and 12
Integrated Risk Governance & Risk Scenario Analytics, Head. years in consulting (it infrastructure and security) industry.
Prior joining Maybank Indonesia, he served as Manager, Risk Previously he was SVP – Head of Corporate Information
Strategy & Planning at PT Bank UOB Indonesia. Security at Indosat, VP IT Security Management Head at Bank
BTPN and Information Security Consulting and Architect at
I Nyoman Hadijaya Simbara Giri Dimension Data Indonesia (a NTT Company).
Head, Market, Liquidity & Treasury Credit Risk
Management Dewi Yulia Wardoyo
Indonesian citizen, 45 years old. Head, Credit Operations
Joined Maybank Indonesia in December 2013 with more Indonesian citizen, 53 years old.
than 20 years of experiences in banking, especially at assets She joined Maybank Indonesia since January 2019 with more
& liabilities management (ALM) and market & liquidity risk than 31 years of experience in banking industry. Previously she
management. Previously he served at various position in was a Treasury Operations Head in PT Bank Sumitomo Mitsui
Maybank Indonesia including Balance Sheet Risk Head and Indonesia, Credit Administration & Lending Operations Head
Treasury Trading Risk Head, as well as handling treasury credit in PT Bank ANZ Indonesia, Commercial Loan Operations Head
risk management and market & liquidity risk modeling. Prior in Bank Barclays and Corporate & Retail Loan Operations
to joining Maybank Indonesia, he was the ALM Market Risk Head in Bank Rabobank International Indonesia.
Manager at PT Bank Rabobank International Indonesia, ALM
Risk Manager at PT Bank Internasional Indonesia Tbk, and Irwan Santoso
ALCO Support Sub Manager at PT Bank Pan Indonesia Tbk. Head, Operation Processing Center
Indonesian citizen, 54 years old.
Robert P. Sitinjak Joined Maybank Indonesia in 2015 with 32 years of
Head, GB & BB Remedial experiences in banking and non-banking industries. Previously
Indonesian citizen, 40 years old. he was the Head Trade Finance dan Treasury Ops at PT Bank
Joined Maybank Indonesia in 2013 as the Credit Reviewer with OCBC Indonesia and Head Treasury Ops at PT Bank OCBC
15 years experiences in banking industries. NISP Tbk.
Edwin D. Brethoniere Clara Inda Tiara
Head, SME & Consumer Collection Head, Customer Experience Management
Indonesian citizen, 56 years old. Indonesian citizen, 46 years old.
He joined Maybank Indonesia in May 2007 with experiences Clara joined Maybank Indonesia on January 2022 as Head of
in banking and financial institution industry of more than 30 Customer Experience Management with more than 19 years
years. Previously he was the Head, Consumer Collection. Prior of experience in the service quality, customer experience
joining Maybank Indonesia, he served a number of positions and contact center area. Prior to joining Maybank Indonesia,
in PT GE Finance Indonesia, Standard Chartered Bank, and she was assigned as the Head of Customer Experience
American Express Bank. and Relations at PT Bank Commonwealth and Quality
Management Implementation Head at PT Bank OCBC NISP
Tbk.
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Benyamin Nurpatria Setiawan Gunawan Wibisono
Head, Delivery Channel & Cash Operation Head, IT CFS Delivery & Operation
Indonesian citizen, 40 years old. Indonesian citizen, 45 years old.
He joined Maybank Indonesia in 2004 with more than 18 Joined Maybank Indonesia in Februari 2023 as the Head,
years of experience in banking industry. Previously he was IT CFS Delivery & Operation with 22 years experiences in
the Delivery Channel Operation, Head and Head, Delivery banking industries. Previously he was the Head IT Enablement
Channel & Centralize Cash Monitoring at Maybank Indonesia. Core Banking and Enterprises at Bank BTPN Syariah.
Janto Tirtadjaja Rachmat Setiawan
Head, Operations System Support & Development Head, IT Global Banking Delivery & Operation
Indonesian citizen, 54 years old. Indonesian citizen, 53 years old.
He joined Maybank Indonesia since October 1993 with 27 Joined Maybank Indonesia since 1993 as the Data Center
years of experience in banking industry. Previously he was the Operator with 30 years experiences in banking industries.
Department Head of Operation Center Division at Maybank Previously he was the Head IT Global Banking at Maybank
Indonesia. Indonesia.
Hendrik Progo Ricky Indrayanto Djaya
Head, Branch Operations Assurance Head, IT Analytic Reporting & Corporate Delivery
Indonesian citizen, 54 years old. Indonesian citizen, 47 years old.
He joined Maybank Indonesia since March 1993 with 30 years Joined Maybank Indonesia in May 2023 as the Head IT
of experience in banking industry and also experienced as an Analytic Reporting & Corporate Delivery with 25 years
auditor. Previously he was Regional Operation Head, Trade experiences in banking and IT industries. Previously he was
& Loan Operation Head, Delivery Channel Operation Head, the Head IT Regulatory, Data & Analytics at PT Bank Danamon
Operation Processing Center Head and Branch Network Head Indonesia.
at Maybank Indonesia.
Johanes Setiyabudi
Iwan Suherman Kok Group Head of IT Infrastructure & Operation
Head, Branch Control Operations Indonesian citizen, 48 years old.
Indonesian citizen, 55 years old. Joined Maybank Indonesia in March 2022 as the IT Technology
He joined Maybank Indonesia since April 1993 with 30 years Operations Head with 22 years experiences in banking and
of experience in banking industry. Previously he was Regional Oil & Gas industries. Previously he was the IT Infrastructure
Operation Head Thamrin- Fatmawati, Regional Operation Development Head at Bank BTPN.
Head Juanda-Ekajiwa, International Payment Head, Trade
Finance Department Head, Treasury Operation Head and Edward Cahyadi Karsono
Credit Operation Head at Maybank Indonesia. Head, IT Architecture, Governance & Planning
Indonesian citizen, 47 years old.
Mohamed Zaki Bin Mohd Yunus He joined Maybank Indonesia in 12 April 2004 with more than
Head, IT Digital Delivery & Operation 23 years of experience in banking and non-banking industry.
Malaysian citizen, 42 years old. Previously he was the software developer at BPK Gunung
A seasoned Tech Professional with 18 years of comprehensive Mulia.
experience in the IT industry – 12 years specifically within
the banking sector. Currently serving as Head of IT Digital
Delivery & Operations at Maybank Indonesia since 2022.
Previously held the position of Head of Digital Engineering in
Maybank Group, having demonstrated a proven track record
of driving digital technology transformation and operational
excellence in dynamic financial environment.
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Patria Indrajaya Nelda Victoria Siburian
Head, IT Security Head, Rewards, Organization Development & Strategy
Indonesian citizen, 48 years old. Indonesian citizen, 51 years old.
Joined Maybank Indonesia in September 2022 as the Head She joined Maybank Indonesia since 25 July 2016 with 26
of IT Security with 17 years experiences in IT Security field at years of experience in banking and financial services industry,
banking and financial industries. Previously he was the Head and beverages industry. Previously she was the Strategic
of IT Security at PT Allianz Life Indonesia. Business Partner Indonesia & Papua New Guinea at PT Coca-
Cola Indonesia, VP HR Relationship Manager at PT Bank
Rahartaty Permata Tbk, Coordinator of Leadership & Managerial School
Head, Business Human Capital 1 and HR Advisor at Royal Bank of Scotland (ABN Amro Bank
Indonesian citizen, 46 years old. NV), and Senior HR Consultant at PT Siddharta Consulting
She joined Maybank Indonesia in September 2016 with more KPMG International. She is a Certified Financial Planner
than 24 years of experience in non-banking and banking (CFP), Certified Human Resources Management level General
industry. Previously she was the Talent Acquisition Lead at Manager, and Certified Professional Coach (CPC).
Mondelez International.
Martua Bangun Jayawinata
Paulus Danang Yanri Hatmoko Interim Head, Talent Management & Organization Learning
Head, Business Human Capital 2 Indonesian citizen, 43 years old.
Indonesian citizen, 47 years old. Joined Maybank Indonesia in March, 1st 2021 as the Head,
He joined Maybank Indonesia since January 2007. Previously, Learning Business Partner 1 and Head, Talent Development
he held several positions at Maybank Indonesia include & Future Ready Skills with 16 years experiences in banking
Talent Management and Organizational Learning Head, industries. Previously he was the Human Resources Business
Human Capital Development Head, Talent Management Partner and Head, Learning Solution at Permata Bank and as
Head and People Development Manager. Prior to joining HRBP Learning Manager at OCBC NISP Bank.
Maybank Indonesia, he served several positions at PT Astra
Internasional Indonesia Tbk – Isuzu Sales Operations in area Donny Damarwulan
of people development. Head, Employee Relations & Health Safety
Indonesian citizen, 57 years old.
Reni Astuti Dewi He joined Maybank Indonesia since 2016 with more than
Head, Talent Acquisition 30 years of experience in of Industrial Relations and Health
Indonesian citizen, 45 years old. & Safety Management. Previously, HR BP & IR in PT Ceva
Joined Maybank Indonesia in 2004 as Personnel Officer Logistics Indonesia and TNT Indonesia.
with 23 years experiences in banking and FMCG industries.
Previously she was Business Human Capital for Community Lucas Anita
Financial Services Directorate. Head, Finance & Accounting
Indonesian citizen, 46 years old.
Chairany Danusaputra She joined Maybank Indonesia in 2017 with more than 13 years
Head, Human Capital Operations of experience in banking, and 3 years as auditor in Public
Indonesian citizen, 52 years old. Accountant. Previously she was the Finance Operation Head
She joined Maybank Indonesia in January 2021 with more than in Finance Accounting Division, Maybank Indonesia.
28 years of experience in Human Resources within banking
and non-banking industry. Previously she was the SVP HR
Shared Services at PT Bank Commonwealth and PT Bank
CIMB Niaga Tbk.
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Nurmala Damanik Richard ML Silaen
Head, Financial Planning, Performance Management & Head, Public Sector
Investor Relation Indonesian citizen, 43 years old.
Indonesian citizen, 57 years old. He joined Maybank Indonesia in 2016 with more than 20
She joined Maybank Indonesia since August 1991 with more years of experiences consultancy and banking industry.
than 32 years of experience in the banking industry. She has Previously He was Senior Relationship Manager at Maybank
wide experience as focal point in organising annual operating Indonesia and Team Leader, Local Corporate & Multinational
plan, performance management, management reporting, at Bank Negara Indonesia.
expense controller, investor relations, and sustainable finance.
Previously she was Branch Manager of Maybank Indonesia Golfina Kusmarningrum
Mumbai and Head Auditor for overseas branches, Capital Head, Financial Institution Group
Market, Credit Card and Branches. Indonesian citizen, 52 years old.
Joined Maybank Indonesia in January 2023 as the Head of
David Financial Institution Group with 26 years experiences in
Head, Corporate Finance & Capital Management banking industry. Previously she was the Head of Financial
Indonesian citizen, 53 years old. Institution at MUFG Bank Ltd, Jakarta Branch.
He joined Maybank Indonesia since 1996 with more than 27
years of experience in banking industry. Previously he was a Rianto Notosantoso
Data Processing and Finance Modeling Senior Manager and Interim Head, Transaction Banking
served as Capital Management Head in Maybank Indonesia. Indonesian citizen, 50 years old.
Joined Maybank Indonesia in 2017 as Head, CFS TB Sales with
Yulinda Simanjuntak 26 years experiences in banking. Previously he was Head of
Head, Procurement, Premises & Vendor Relation Trade & Supply Chain at Rabobank.
Indonesian citizen, 50 years old.
Joined Maybank Indonesia in September 2004 as the MIS I Made Budhi P. Artha
Business Analyst with 27 years working experiences in Head of Global Markets & Corporate Treasury
financial consultant and banking industries. Previously she Indonesian citizen, 50 years old.
was the IT User Representative Manager at Badan Penyehatan He joined Maybank Indonesia since 3 August 2015 with
Perbankan Nasional (BPPN) and Senior Auditor at Arthur more than 26 years of experience in banking industry/Global
Andersen Accountant Public Firm. Markets in several institutions, named PT Bank Ekspor Impor
Indonesia (Persero) Tbk, PT Bank Mandiri (Persero) Tbk,
Hertanto Gunadi Reuters Limited, Deutsche Bank AG Indonesia and Citibank
Head, Local Corporate & Multinasionals N.A. Indonesia. Previously he was Head, Global Markets,
Indonesian citizen, 52 years old. Maybank Indonesia. He is also actively involved in various
Joined Maybank Indonesia on August 2023 as the Head Local market associations such as Indonesia Foreign Exchange
Corporate & Multinationals under Global Banking with more Market Committee (IFEMC) and ACI Financial Markets
than 25 years experiences in banking industry. Before joining Association (FMA) Indonesia.
Maybank he had extensive banking experiences with several
banks such as Lippo Bank (now: CIMB Niaga), DBS Indonesia, M. Hendro Wijanarko
OCBC Indonesia and later with MUFG as Head of Corporate Head, Business Planning, Performance, & Embedded Risk
Banking for over 10 years. Unit (ERU)
Indonesian citizen, 42 years old.
Joined Maybank Indonesia in September 2012 as the
Manager Corporate Banking Business Planner with 16 years
experiences in banking and audit industries. Previously he was
the Manager Early Warning at Bank Banten (previously known
as Bank Pundi Indonesia).
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Tjan Christian Dera Novitri
Head, Consumer Head, Retail Credit Process & Fraud Monitoring
Indonesian citizen, 47 years old. Indonesia citizen, 55 years old.
Joined Maybank Indonesia in December 2022 as the head of She joined Maybank Indonesia since mid Feb 2019 with
costumer with 23 years experiences in banking industries. more than 30 years of experience in banking and financial
institution industry. Previously she was a Credit Initiation
Tjhang David W. Head in Citibank, NA Jakarta, Unsecured Credit Underwriting
Head, RSME Banking Head and Consumer Credit Operation Manager in Bank
Indonesian citizen, 43 years old. Danamon and Consumer Processing Centre Head in
He joined Maybank Indonesia in June 2020 with more than Lippobank and experienced as Account Officer in non-bank
21 years of experience in the banking industry. Previously he financial institution.
held various positions in OCBC NISP Bank including Emerging
Business Head, Sales & Marketing Support Head, and Hermawan Setiawan
Emerging & Commercial Distribution Head. Head, Non Retail Credit Process
Indonesian citizen, 55 years old.
Paulus Cholot Janala He joined Maybank Indonesia since 1993 with 30 years of
Head, SME Plus Banking experience in the banking Industry. Previously he was Area
Indonesian citizen, 53 years old. Branch Manager in Cirebon, and SME Credit Approval in
He joined Maybank Indonesia in August 2021 with more than Bandung.
26 years of experience in the banking, leasing, and automotive
industry. Previously he was the president director at MNC Reza Varindra
Guna Usaha Indonesia. Head, Marketing Communication
Indonesian citizen, 47 years old.
Mariana Husin He joined Maybank Indonesia in March 2019 with 22 years
Head, Business Banking of experiences in marketing, brand building, new product
Indonesian citizen, 49 years old. development, event and activation at companies including
She joined Maybank Indonesia in April 2020 with more than Philip Morris, AIA, Danamon, Samsung Electronics Indonesia
23 years of experience in banking industry. Previously she was either in Indonesia or in other countries (Switzerland and
the Commercial Banking Segment Head at BTPN (Member of Malaysia). Prior joining Maybank Indonesia, he held SVP
SMBC Group). position as Head of Marketing Communication & Brand
Strategy at Bank Danamon.
Sumitro
Head, Wealth Management Dean Mutia
Indonesian citizen, 50 years old. Interim Head, Segmentation & Growth
Joined Maybank Indonesia in 12 March 2012 as Head, Indonesian citizen, 33 years old.
Bancassurance and Investment Specialist with 9 years of Joined Maybank Indonesia in June 2023 as the Head, Portfolio
experience in banking and 3 years in life insurance industries. & Marketing Strategist with 10 years experiences in banking.
Previously he was the Head, Insurance Specialist for 4 years Previously she was the Loyalty & Referral Management Head
(2009–2012) at HSBC Bank. and Segment Strategy & Value Proposition Head at CIMB
Niaga.
Harryanto Pramono
Head, Community Distribution Abdur Razzaq
Indonesian citizen, 52 years old. Head, CFS Business Planning & Performance Management
He joined Maybank Indonesia in April 2020 with more than 27 Indonesian citizen, 37 years old.
years of experience in banking industry. Previously he was the He joined Maybank Indonesia in September 2020 with more
Region Head at HSBC and Permata, with the last position as than 15 years of experience in manufacturing and banking
Head National Non Branch Sales at Bank Permata. industry. Previously he was the Corporate Finance Manager
at CIMB Niaga, Regional Accountant at Caterpillar Pte, Ltd
in Singapore and last position as Business Banking/SME
Business Finance Head in UOB Indonesia.
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REGIONAL DIRECTOR
Bennedi Sianipar Nike Agustijani
Regional Director – North Sumatera Regional Director - West Java
Indonesian citizen, 57 years old. Indonesian citizen, 55 years old.
He joined Maybank Indonesia in September 1991 with 32 She joined Maybank Indonesia in October 2017 with 30 years
years of experience in the banking industry. Previously he was of experience in the banking Industry. Previously she was
Regional Director – Central Java, Head, Regional Business – Area Head in Bank OCBC NISP.
South Sumatera, Head of SME Commercial Banking Center
in Palembang and Medan, and also Area Business Manager in Dewi Irawati
Bandar Lampung. Regional Director - Central Java
Indonesian citizen, 43 years old.
Rasuanir She joined Maybank Indonesia in January 2004 with 18 years
Regional Director – South Sumatera of experience in the banking industry. Previously she was Area
Indonesian citizen, 53 years old. Branch Manager Maybank Indonesia in Green Ville and Puri
He joined Maybank Indonesia since 1995 with more than 28 Kencana Area.
years of experience in banking industry. Previously he was the
Area Branch Manager in Tangerang & Bumi Serpong Damai Indrajani Harsono
Area, Lippo Cikarang Area, and Jatinegara Area. Regional Director – East Java, Bali & Nusra
Indonesian citizen, 54 years old.
Wan Juslian Johan She joined Maybank Indonesia since 2018 with more than 26
Regional Director - Jakarta 1 years of experience in banking industry. Previously she was
Indonesian citizen, 43 years old. a Regional Head in HSBC, Head Of Area SME Banking – East
Joined Maybank Indonesia in 2022 as the Regional Director Java in Rabobank and Regional Business Manager Treasure
Jakarta 1 with 19 years experiences in banking and 2 years Upcountry in DBS.
experience in consulting industries. He was SVP Region
Head Network Jakarta 3 & Kalimantan, Regional Wealth Sales Yulli Sumargo
Jakarta 1, West Java, South Sumatera, East Indonesia and Regional Director - Kalimantan
Branch Manager at PT Bank HSBC Indonesia. Previously, he Indonesian citizen, 38 years old.
was Branch Manager Standard Chartered Bank. Joined Maybank Indonesia in October 2018 as the Area Branch
Manager Samarinda with more than 17 years experiences in
Osbie Osman banking and non banking industries. Previously she worked at
Regional Director - Jakarta 2 Bank Chinatrust Indonesia, PT Bank Permata Tbk, and lastly
Indonesian citizen, 47 years old. served as Branch Manager Samarinda at PT Bank Mega Tbk.
Joined Maybank Indonesia in March 10, 2023 as the Regional
Director – Jakarta 2 with 26 years experiences in banking Hasvan Murphy
industry. Previously he was the Head, Region at Permata Bank Regional Director - Sulawesi & Eastern Indonesia
and Head, Cluster at HSBC. Indonesian citizen, 47 years old.
Joined Maybank Indonesia since 2019 with 21 years of
Muhammad Husni HS experiences in banking industries. Previously he was the
Regional Director - Jakarta 3 Area Manager at Bank Danamon and Sales Distribution Head
Indonesian citizen, 51 years old. Bancassurance at Bank Danamon. He has a Master Business
He joined Maybank Indonesia on 15 January 2021 with more Applied Finance from Queensland University of Technology,
than 21 years of experience in banking industry. Previously he Australia in 2008.
was the Head Syariah Network at PT Bank Permata Tbk.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Employee Statistics and
Profiles
Employees by Organisational Level
Organisational Level 2023 2022 2021
Executive Vice President 14 8 10
Senior Vice President 79 81 77
Vice President 359 321 289
Assistant Vice-President 529 479 435
Senior Manager 811 751 736
Manager 1,274 1,276 1,177
Assistant Manager 3,072 3,106 3,043
Staff 652 726 854
Non Staff 175 174 182
Total 6,965 6,922 6,803
Employees by Education Level
Educational Level 2023 2022 2021
PhD - - -
Masters 396 379 352
Bachelor 5,428 5,342 5,216
Diploma (D1, D2, D3, D4) 766 803 834
High School Level 375 397 399
Junior High School Level - 1 2
Primary School Level - - -
Total 6,965 6,922 6,803
Employees by Employee Status
Employment Status 2023 2022 2021
Permanent 6,667 6,509 6,597
Non Permanent 298 413 206
Total 6,965 6,922 6,803
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Employees by Age
Age 2023 2022 2021
17-25 years old 366 333 237
26-30 years old 1,193 1,268 1,318
31-35 years old 1,539 1,564 1,613
36-40 years old 1,398 1,334 1,239
41-45 years old 936 871 847
46-50 years old 651 698 766
> 50 years old 882 854 783
Total 6,965 6,922 6,803
Employees by Years of Service
Tenure 2023 2022 2021
Less than 1 year 1,965 1,210 875
1 - < 3 years 777 1,028 1,236
3 - < 5 years 846 964 888
5 - < 10 years 1,045 1,166 1,285
10 - < 15 years 811 872 806
15 - < 20 years 458 476 475
More than 20 years 1,063 1,206 1,238
Total 6,965 6,922 6,803
Employees by Directorate
Directorate 2023 2022 2021
Community Financial Services 4,115 * 498 497
Finance 183 179 180
Global Banking 170 160 139
Human Capital 174 300 177
Information Technology 395 320 252
Legal, Compliance, Corporate Secretary
110 106 94
& Anti Fraud
Operations 996 1,029 1,012
Risk Management 459 450 446
Under President Director 363 3,880 4,006
Total 6,965 6,922 6,803
* In 2023, Community Distribution working unit was transferred to Community Financial Services Directorate, previously Under President Director
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Employees by Gender
Gender 2023 2022 2021
Male 3,108 3,105 3,042
Female 3,857 3,817 3,761
Total 6,965 6,922 6,803
Employee Competency Development 2023
2023 2022 2021
Type of Education and Training No. of No. of No. of
Batch Batch Batch
Participants Participants Participants
Technical Programs
Banking Skills (Treasury, Compliance,
254 7,636 326 13,067 258 12,162
Audit, Operation, Service Quality)
Credit Skills 21 371 47 790 56 1,733
Sales & Consumers 76 3,289 105 3,698 113 4,692
Technical – Non Banking Skills 162 5,163 176 6,508 169 6,270
Leadership & Soft skills 166 6,375 102 3,287 151 10,297
Induction Program 67 839 36 757 70 718
Integrated Programs
Talenta Marketing 3 52 5 135 3 65
Talenta Service 2 98 5 219 3 100
Management Development Program
3 33 3 73
RSME 2 48
Management Development Program
2 39 2 48
Mortgage
Management Development Program
1 25 1 23 - -
Lending (SME+, BB, GB)
Management Development Program
- - 1 25 1 26
(for Operation)
Relationship Management Development
- - 1 17 1 15
Program (RMDP)
Information Technology Development
- - 1 28 1 15
Program (ITDP)
Digital Management Development
- - 1 15 1 15
Program (DMDP)
Young Maybankers Program (YMP) 1 29 - - - -
Certification Program
Risk Management Certification - 2,260 - 2,078 - 2,139
Mutual Funds Certification (Waperd) - 911 - 964 - 445
AAJI Certifications - 1,164 - 373 - 408
Treasury - 52 - 48 - -
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Shareholding
Composition
SHAREHOLDERS AND PERCENTAGE OF OWNERSHIP
AT THE BEGINNING AND END OF THE FINANCIAL YEAR
As of 1 January 2023
Ownership
No. Shareholders Number of Shares
Percentage
1. Shareholders who own 5% or more shares
a. Sorak Financial Holding Pte. Ltd. 34,312,479,550 45.02%
b. Maybank Offshore Corporate Services (Labuan) SDN. BHD 25,882,393,996 33.96%
c. UBS AG London-2140724000 13,953,168,783 18.31%
2. Members of the Board of Directors and Members of the Board of Commissioners Owning Shares
a. Board of Commissioners - -
b. Board of Directors - -
3. Public Shareholders Owning Less than 5% of Shares
a. Public (below 5%) 2,067,153,492 2.71%
Total 76,215,195,821 100.00%
As of December 2023
Ownership
No. Shareholders Number of Shares
Percentage
1. Shareholders who own 5% or more shares
a. Sorak Financial Holdings Pte. Ltd. 34,312,479,550 45.02%
b. Maybank Offshore Corporate Services (Labuan) SDN. BHD 25,882,393,996 33.96%
c. Vital Solution Fund 6,653,168,749 8.73%
2. Members of the Board of Directors and Members of the Board of Commissioners Owning Shares
a. Board of Commissioners - -
b. Board of Directors - -
3. Public Shareholders Owning Less than 5% of Shares
a. Public (below 5%) 9,367,153,526 12.29%
Total 76,215,195,821 100.00%
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TOP 20 SHAREHOLDERS
No. Shareholders Number of Shares Composition (%)
1 Sorak Financial Holdings Pte Ltd 34,312,479,550 45.02
2 Maybank Offshore Corporate Services 25,882,393,996 33.96
3 Vital Solution Fund 6,653,168,749 8.73
4 BNPP LDN/2S/Global Agility Fund 3,650,000,000 4.79
5 BNPP LDN/2S/Multi Dynamic Fund 3,650,000,000 4.79
6 Prosperindo, PT 940,513,633 1.23
7 Clearstream Banking S.A. Luxembourg 220,417,351 0.29
8 Phillip Securities Pte Ltd 58,849,410 0.08
9 Maybank Kim Eng Sec. Pte Ltd A/C Client 46,292,663 0.06
10 Pek Bing Tjie 45,652,500 0.06
11 RHB Investment Bank Berhad 41,826,667 0.05
12 CGS-CIMB Securities (Singapore) Pte Ltd 36,661,581 0.05
13 Djufri Gono 24,993,800 0.03
14 Citibank New York S/A The Emerging Markets Small Cap Series of The DFA Investment 16,074,000 0.02
Trust Company
15 UOB Kay Hian Pte Ltd 14,049,911 0.02
16 Herry Kasman 12,477,100 0.02
17 Wandi Wijaya 11,148,100 0.01
18 Heryanto Abidin Lauw 10,430,000 0.01
19 Citibank New York S/A Emerging Markets Core Equity Portfolio of DFA Investment 9,420,600 0.01
Dimensions Group Inc
20 Tan Tik Khoen 8,420,500 0.01
TOTAL SHAREHOLDERS BY CATEGORY
No. Shareholders Number of Shares Composition (%)
1. Foreign Institution 60,198,031,623 78.98%
2. PT Kustodian Sentral Efek Indonesia 15,070,399,997 19.77%
3. Individual - Domestic 3,855,900 0.01%
4. Individual - Foreign 850,666 0.00%
5. Limited Company NPWP 941,899,504 1.24%
6. Cooperatives 101,889 0.00%
7. Pension Fund 39,576 0.00%
8. Mutual Fund 13,610 0.00%
9. Foundation Non NPWP 3,056 0.00%
Total 76,215,195,821 100.00%
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INFORMATION DISCLOSURE ON MAYBANK INDONESIA SHARES TRANSACTION BY BOARD OF
COMMISSIONERS AND DIRECTORS
Maybank Indonesia has a policy to report transactions carried out by management of the Bank's share ownership for three working days,
after the occurrence of ownership or any changes in ownership of the Bank's shares. Throughout 2023, the Board of Commissioners and
the Board of Directors of Maybank Indonesia did not record any transactions on the Bank's shares.
SHARE OWNERSHIP OF BOARD OF COMMISSIONERS AND DIRECTORS
Up to 31 December 2023:
• There is no direct or indirect shareholding by the Board of Commissioners and Board of Directors in Maybank Indonesia, its
subsidiaries, or groups connected to the Company.
• The shares ownership of Board of Commissioner and Board of Directors which exceeds 5% in listed and non listed company are as
follows:
Shares Listed Company/Non Number
No Board of Commissioners Company Name
Ownership Listed Company of Shares
1. Dato’ Khairussaleh Ramli No
2. Budhi Dyah Sitawati Yes Non Listed Company PT Lintas Jeram Nusantara 25%
Non Listed Company PT Bangkit Maju Wisata 55%
Non Listed Company PT Bravo Outdoor Supplies & Services 25%
Non Listed Company PT Jejaring Hijau Indonesia 10%
3. Achjar Iljas No
4. Hendar No
5. Edwin Gerungan No
6. Datok Lim Hong Tat Yes Public Company Areca Capital Sdn Bhd 10%
7. Putut Eko Bayuseno No
8. Dato’ Zulkiflee Abbas Abdul Hamid No
Shares Listed Company/Non Number
No Board of Directors Company Name
Ownership Listed Company of Shares
1. Taswin Zakaria Yes Non Listed Company PT Pan Pacific Insurance 5%
2. Thilagavathy Nadason No
3. Irvandi Ferizal No
4. Effendi No
5. Muhamadian No
6. Widya Permana No
7. Ricky Antariksa No
8. Steffano Ridwan No
9. Bambang Andri Irawan No
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Corporate Group
Structure
AS AT 31 DECEMBER 2023
Citigroup Nominees
Amanah Raya Trustees Kumpulan Wang
(Tempatan) Sdn Bhd Permodalan Nasional Other Institution &
Berhad (B/O: Amanah Persaraan Di
(B/O: Employees Provident Berhad Retail Investors
Saham Bumiputera) (Perbadankan)
Fund Board)
30.12% 12.71% 6.76% 5.02% 45.39%
Malayan Banking Berhad
Sorak Financial Holdings Maybank Offshore Corporate
Vital Solution Fund Publik < 5%
Pte Ltd Service (Labuan) Sdn Bhd
45.02% 33.96% 8.73% 12.29%
PT Bank Maybank Indonesia Tbk
Finance
PT Maybank Indonesia Finance
99.99%
PT Wahana Ottomitra Multiartha Tbk
67.49%
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Highlights Report Profile and Analysis
Maybank Group
Profile
Maybank Banking Berhad Established in 1960, Maybank is the largest financial services
14th Floor, Menara Maybank group in Malaysia with an established presence in the ASEAN
100, Jalan Tun Perak region.
50050 Kuala Lumpur, Malaysia
Tel: (6)03-2070 8833 In serving our mission, we provide an array of financial products
Fax: (6)03-2711 3421 and services through three key business pillars, supported by
Website: http://www.maybank.com shared corporate functions across our global network of 18
countries.
We provide a full suite of conventional and Shariah-compliant
Our Purpose products and services in commercial banking, investment
banking and insurance, to over 16 million retail, non-retail and
We are a values-driven platform, powered by a corporate customers.
bionic workforce that Humanises Financial Services
driven by HELP DELIVER VALUE ACROSS ASEAN…
Being at the heart of ASEAN, we take a leading role in
Our Mission supporting our communities navigate the transition into
global endemicity and a sustainable future.
Humanising Financial Services
Being at the heart of the community, we will:
AND BEYOND.
Make financial services simple,
1 intuitive and accessible
We are in 18*) countries including all 10 ASEAN countries,
with Malaysia, Singapore and Indonesia being our home
Build trusted partnerships for a
2 sustainable future together
markets. We are also present in international financial
centres such as London, New York, Hong Kong and Dubai.
Treat everyone with respect,
3 dignity, fairness and integrity *) The non-ASEAN countries are Greater China, India, Pakistan, Saudi Arabia,
UAE, UK, USA and Uzbekistan
shaped by
Board of Directors Position
Tan Sri Dato’ Sri Non-Independent Non-Executive Director
Our Values Zamzamzairani Mohd Isa (Chairman)
Dato’ Khairussaleh Ramli Non-Independent Executive Director
(Group President & Chief Executive
T eamwork Officer)
Dr Hasnita Dato’ Hashim Senior Independent Non-Executive
Director
I ntegrity
Edwin Gerungan Independent Non-Executive Director
Anthony Brent Elam Independent Non-Executive Director
G rowth
Che Zakiah Che Din Independent Non-Executive Director
E xcellence & Efficiency Fauziah Hisham Independent Non-Executive Director
Shariffuddin Khalid Independent Non-Executive Director
R elationship Building Dato’ Zulkiflee Abbas Independent Non-Executive Director
Abdul Hamid
Our Core Values, TIGER are the guiding Shirley Goh Independent Non-Executive Director
principles for all Maybankers to serve our
Datuk Yee Yang Chien Non-Independent Non-Executive Director
mission of Humanising Financial Services.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Subsidiaries and
Joint Ventures
Finance
PT MAYBANK INDONESIA FINANCE
Core Business Multifinance
Percentage of Ownership 99.99% PT Bank Maybank Indonesia Tbk
0.01% Koperasi Karyawan PT Bank Internasional Indonesia Tbk
Operating Status Operating since 1991
Total Assets 2023 Rp8.1 trillion
Address Wisma Ekajiwa 10th Floor
Jl. Mangga Dua Raya
Jakarta 10730, Indonesia
Tel: 021 - 623 000 88
Fax: 021 - 623 000 99
Call Center: 0804-1-168-811
Website: www.maybankfinance.co.id
Key Management Board of Commissioners
President Commissioner : Deswandhy Agusman*
Commissioner : Steffano Ridwan
Board of Directors
President Director : Alexander
Director : Miki Effendi Lim
Director : Arief Soerendro
*) Concurrently serves as Independent Commissioner as per OJK approval number: KEP-674/NB.11/2016
PT Maybank Indonesia Finance (Maybank Finance) is licensed to As of the end of 2023, Maybank Finance has branch offices in
engage in investment financing, working capital, multipurpose, almost all major cities in Indonesia consisting of 30 branch offices
other activities approved by OJK, and is also allowed to perform and 11 representative offices spread across Indonesia.
activities based on shariah principles.
VISION
COMPANY PROFILE To be a digital-based leading finance company in each market
Maybank Finance previously known as PT BII Finance Center, segment it serves as well as always care to the community &
was established on 13 February 1991 as a company licensed environment.
in investment financing, working capital, multipurpose, and
other activities approved by OJK, and also allowed to engage MISSION
in activities based on Shariah principles. Currently, 99.99% of • Running business as an extension of PT Bank Maybank
Maybank Finance shares is owned by Maybank Indonesia. Indonesia Tbk (Maybank Indonesia) in the financing industry.
• Providing high economic and social added value to
The change of name from PT BII Finance Center to PT Maybank stakeholders (shareholders, customers, business partners
Indonesia Finance was based on Deeds of Minutes of Meeting in and employees), environment and society.
Extraordinary General Meeting of Shareholders No. 105 dated 18 • Making digital technology as foundations for product
November 2015 and approval from Ministry of Law and Human creation, process acceleration and service improvement.
Rights No. AHU.0947396. AH.01.02 Year 2015 dated 7 December
2015.
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PT WAHANA OTTOMITRA MULTIARTHA TBK
Core Business Financing Company
Percentage of 67.49% PT Bank Maybank Indonesia Tbk
Ownership 25.01% PT Wahana Makmur Sejati
7.50% Public
Operating Status Operating since 1982
Total Assets 2023 Rp6.64 trillion
Address PT Wahana Ottomitra Multiartha Tbk
Altira Office Tower 32nd, 33rd, 35th Floor
Jl. Yos Sudarso Kav. 85
Kel. Sunter Jaya, Kec. Tanjung Priok, North Jakarta 14350
Tel: (62-21) 21882400
Fax: (62-21) 21882420
Contact Center: 150 999
Website: www.wom.co.id
Key Management Board of Commissioners Board of Directors Shariah Supervisory Board (SSB):
President Commissioner/Independent Commissioner President Director Chairman
I Nyoman Tjager Djaja Suryanto Sutandar Dr. H. Abdul Jabar Majid, M.A.
Commissioner Director Member
Thilagavathy Nadason Cincin Lisa Hadi Dr. Ir. H. M. Nadratuzzaman Hosen
Independent Commissioner Director Member
Myrnie Zachraini Tamin Anthony Y Panggabean H. Muh. Taufik Darmansyah, SE, C.P.A*)
Director
Njauw Vido Onadi
Director
Wibowo
*) Resigned as of 8 September 2023 and has received approval from the
Extraordinary General Meeting of Shareholders on 11 January 2024
COMPANY PROFILE application, as one of WOM Finance's digital transformation and
PT Wahana Ottomitra Multiarta Tbk (WOM Finance) was a one-stop solution platform providing convenience to WOM
established in 1982 under the name of PT Jakarta Tokyo Leasing Finance's consumers in accessing their financial needs through
engaged in consumer financing. In 2000, the Company’s name the KAWAN application.
was officially changed to PT Wahana Ottomitra Multiartha in line
with its business transformation. In 2023, WOM Finance issued the Sustainable Bonds IV WOM
Finance Phase III 2023 amounting to Rp1 trillion This corporate
In 2004, WOM Finance became a publicly listed company after action was carried out through the Sustainable Public Offering
conducting its Initial Public Offering (IPO) and listing its shares at (PUB) mechanism, and obtained bank credit facilities of Rp1.745
Indonesia Stock Exchange under WOMF ticker symbol. In 2005, trillion. As of December 2023, WOM Finance has 10 regional
PT Bank Maybank Indonesia Tbk (formerly PT Bank Internasional offices supported by 202 network offices spread across Indonesia
Indonesia Tbk) acquired 43% shares inthe Company. After the to serve approximately 310 thousand active customers.
rights issue in February 2015, Maybank Indonesia ownership in
WOM Finance became 68.55%. As of December 2021, Maybank VISION
Indonesia owned 67.49% of WOM Finance's shares and PT To be one of the best financing companies in Indonesia through
Wahana Makmur Sejati was the second largest owner of WOM good corporate governance implementation.
Finance's shares with ownership of 25.01%.
MISSION
WOM Finance is also persisting in its journey towards • Placing the satisfaction of the customers and business
digitalisation, in this endeavor, it has integrated G-Suite and partners as the first priority.
adopted digital payment methods across various marketplaces • Establishing IT-based infrastructures to promote sound
including Tokopedia, Bukalapak, and QRIS (Quick Response processing.
Code Indonesian Standard). The implementation of G-Suite is • Developing and expanding business network, particularly in
aimed at enhancing WOM Finance productivity and operational potential areas.
connectivity. In 2022, WOM Finance launched the KAWAN • Optimizing company performance.
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JOINT VENTURES
Name Share Ownership Line of Business
PT Penjamin Kredit Pengusaha Indonesia 9.83% Guarantee Fund Services
PT Sarana Sulsel Ventura 9.28% Venture Capital
PT Sarana Sulut Ventura 7.14% Venture Capital
PT Sarana Jambi Ventura 4.49% Venture Capital
PT Sarana Riau Ventura 3.37% Venture Capital
PT Sarana Bali Ventura 3.39% Venture Capital
PT Sarana Sumsel Ventura 2.81% Venture Capital
PT Sarana Kalbar Ventura 2.45% Venture Capital
PT Bhakti Sarana Ventura 2.41% Venture Capital
PT Sarana Sumut Ventura 2.32% Venture Capital
PT Sarana Lampung Ventura 1.69% Venture Capital
PT Sarana Sumbar Ventura 1.37% Venture Capital
PT Sarana Bersama Pembiayaan Indonesia 0.94% Non-Bank Financial Institution
PT Berlian Laju Tanker Tbk 0.58% Sea Transportation
PT Bank Capital Indonesia Tbk 0.18% Bank
PT Aplikanusa Lintas Arta 0.03% Communication Network System
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Highlights Report Profile and Analysis
Share Listing
Chronology
Maybank Indonesia carried out an Initial Public Offering (IPO) of On 22 November 2013, Maybank Indonesia once more
12,000,000 Common Shares on November 21, 1989 and listed on relinquished its shares to UBS AG London amounting to
the Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange 5,675,040,000 shares or equivalent to 9.31% of Maybank
(BES), under BNII as stock trading code. The two stock exchanges Indonesia’s total outstanding shares.
later merged, and are now called the Indonesia Stock Exchange
(IDX). The nominal value of the shares offered at the time of the Thus, the total ownership of Maybank Indonesia shares by
IPO was Rp1,000.00 per share. Maybank declined from 97.29% to 78.98%, and the total
shareholding of Maybank Indonesia by UBS AG London
After the initial offering, Maybank Indonesia took several amounted to 18.31%. The share sells down by the majority
corporate actions in equity which caused changes in the number shareholders was carried out in order to fulfill the provisions of
of outstanding shares, such as bonus share distribution, stock Bapepam-LK (now the Financial Services Authority - OJK) No.
dividends, stock split, reverse stock, warrants conversion, IX.H.1 concerning Takeover of Public Companies, Attachment to
Employee Stock Option Plan (ESOP) and Limited Public Offering Decision of Chairman of Bapepam-LK Kepnumber 26/BL/2011
(PUT) or Rights Issue. On June 19, 2013, the majority shareholder dated May 31, 2011.
of Maybank Indonesia carried out a corporate action to release
a portion of Maybank Indonesia’s shares to UBS AG London Moreover, in 2014 Maybank Indonesia once more carried out a
totaling 5,065,380,000 shares, equivalent to 9.00% of the total corporate action in Rights Issue VII by offering 6,774,684,073
outstanding shares of Maybank Indonesia. shares at an offering price of Rp221 per share and successfully
raised Rp1,488,967,207,524 of net funds after deducting the cost
In June 2013, Maybank Indonesia carried out the Rights Issue VI of issuing equity securities. The Rights Issue VII raised the total
corporate action by offering 4,690,165,987 series D shares at a outstanding shares of Maybank Indonesia to 67,746,840,730
price of Rp320 per share, with accumulated funds amounting to shares.
Rp1,496,150,854,642, - net after the cost of issuance of equity
securities. The realisation of Rights Issue VI increased the total In 2018, Maybank Indonesia completed a corporate action
outstanding shares of Maybank Indonesia to 60,972,156,657 in Rights Issue VIII by issuing 8,468,355,091 shares Series D
shares. with exercised price at Rp236 per share and raised capital of
Rp1,998,531,801,476 (gross). The proceeds from Rights Issue
VIII increased the Maybank Indonesia number of shares to
76,215,195,821 shares.
In 2019-2023 Maybank Indonesia did not hold corporate action
which caused changes in its outstanding shares.
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Description Date Stock Issued Number of Shares
Initial Public Offering (nominal Rp1,000) 21/11/1989 12,000,000 12,000,000
Bonus Shares 8/7/1990 28,000,000 40,000,000
Company Listing 18/7/1990 100,000,000 140,000,000
Share Dividends & Bonus Shares 6/8/1991 63,000,000 203,000,000
Share Dividend 4/8/1992 60,585,920 263,585,920
Limited Public Offering I 15/2/1994 52,717,184 316,303,104
Share Dividend 26/8/1996 35,144,789 351,447,893
Bonus Shares 26/8/1996 253,042,483 604,490,376
Bonus Shares 23/10/1996 362,694,226 967,184,601
Bonus Shares 4/11/1996 - 1,934,369,204
Limited Public Offering II 16/1/1997 1,289,579,469 3,223,948,673
Warrant Conversion I 1997 10,453,776 3,234,402,449
Warrant Conversion I 1998 42,520 3,234,444,969
Warrant Conversion I 1999 2,500 3,234,447,469
Bonus Shares 8/3/1999 646,888,994 3,881,336,463
Limited Public Offering III (nominal Rp125) 6/4/1999 62,101,383,408 65,982,719,871
Limited Public Offering III (continued) 21/6/1999 26,810,616,592 92,793,336,463
Warrant Conversion I 1999 23,982 92,793,360,445
IBRA (C-B) Warrant Conversion 1999 329,041,216 92,793,360,445
Warrant Conversion I 2000 101,862 92,793,462,307
IBRA (C-B) Warrant Conversion 2000 216,216 92,793,462,307
IBRA (C-B) Warrant Conversion 2001 95,830,560 92,793,462,307
Reverse Stock Split (10:1) 19/6/2002 - 9,279,346,231
Limited Public Offering IV 11/7/2002 38,504,000,000 47,783,346,231
2005 82,510,000 48,247,150,231
2006 381,294,000 48,247,150,231
2007 416,553,500 48,663,702,731
After ESOP Implementation 2008 1,364,733,500 50,028,436,231
Limited Public Offering V 2010 6,253,554,529 56,281,990,760
Limited Public Offering VI 2013 4,690,165,897 60,972,156,657
Limited Public Offering VII 2014 6,774,684,073 67,746,840,730
Limited Public Offering VIII 2018 8,468,355,091 76,215,195,821
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Highlights Report Profile and Analysis
Other Securities
Listing Chronology
PT Bank Maybank Indonesia Tbk (“Company”) issued Bonds For Shelf Registered Bonds IV of Bank Maybank Indonesia
to support its business growth. The Bonds are listed on the Tranche I Year 2022 Series A amounting to Rp400,000,000,000
Indonesian Stock Exchange (IDX). (four hundred billion rupiah) maturing on 18 July 2023, the
settlement of principal and last interest payment of the Bonds on
BONDS AND SUKUK MATURED IN 2023 18 July 2023.
For Shelf Registered Bonds II Bank Maybank Indonesia Tranche II
Year 2018 amounting to Rp645,500,000,000 (six hundred forty For Shelf Registered Bonds II Bank Maybank Indonesia Tranche
five billion five hundred million rupiah) maturing on 15 March III Year 2018 Series C amounting to Rp75,000,000,000 (seventy
2023, the settlement of principal and last interest payment of the five billion rupiah) with maturity date on 26 October 2023 the
Bonds on 15 March 2023. settlement of principal and last interest payment on 26 October
2023.
For Shelf Registered Subordinated Bonds II of Bank
Maybank Indonesia Tranche II Year 2016 amounting to BONDS ISSUED BY THE COMPANY
Rp800,000,000,000 (eight hundred billion rupiah) with On 10 June 2016, subsequently, the Company issued 2 (two)
maturity date on 10 June 2023, the settlement of principal and Bonds simultaneously:
last interest payment on 12 June 2023. 1. Shelf Registered Sukuk Mudharabah I Bank Maybank
Indonesia Tranche II Year 2016 (matured on 10 June 2019).
2. Shelf Registered Subordinated Bonds II Bank Maybank
Indonesia Tranche II Year 2016 (matured on 10 June 2023).
Details of the Bonds which have matured in 2023 are as follows:
Bonds Name Shelf Registered Subordinated Bonds II Bank Maybank Indonesia Tranche II Year 2016
Tenor 7 years
Nominal Amount Rp800,000,000,000
Coupon Rate 9.625% (per annum)
Issuance Date 10 June 2016
Current Rating PEFINDO : idAA
FITCH : AA(idn)
First Coupon Payment 10 September 2016
Last Coupon Payment/ Maturity Date 10 June 2023
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of the
Company as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Bahana Securities
PT Indo Premier Securities
PT Kim Eng Securities
PT RHB Securities Indonesia
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mega Tbk
Notary
Aryanti Artisari S.H, M.K
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Chronology of Coupon Payment: Relating to the issuance of Shelf Registered Subordinated Bonds
1. 10 September 2016 Rp19,250,000,000 II Bank Maybank Indonesia Tranche II Year 2016 above, the
Company had obtained the approval from OJK-Bank Supervisor
2. 10 December 2016 Rp19,250,000,000
as stated in its letter No. S-71/PB.32/2016 dated 14 October 2016,
3. 10 March 2017 Rp19,250,000,000
to include Subordinated Bonds as Supplementary Capital (Tier II)
4. 10 June 2017 Rp19,250,000,000 in Capital Adequacy Ratio (CAR) calculation of the Company.
5. 10 September 2017 Rp19,250,000,000
6. 10 December 2017 Rp19,250,000,000 Realisation of the Proceeds resulting from the Public Offering of
7. 10 March 2018 Rp19,250,000,000 Shelf Registered Sukuk Mudharabah I Bank Maybank Indonesia
Tranche II Year 2016 and Shelf Registered Subordinated Bonds II
8. 10 June 2018 Rp19,250,000,000
Bank Maybank Indonesia Tranche II Year 2016 has been reported
9. 10 September 2018 Rp19,250,000,000
to OJK through letter No. S.2016.174/DIR FIN dated 14 July 2016
10. 10 December 2018 Rp19,250,000,000 and No. S.2016.208/DIR FIN dated 9 September 2016.
11. 10 March 2019 Rp19,250,000,000
12. 10 June 2019 Rp19,250,000,000 On 11 July 2017, the Company issued 2 (two) Bonds
simultaneously:
13. 10 September 2019 Rp19,250,000,000
1. Shelf Registered Bonds II Bank Maybank Indonesia Tranche
14. 10 December 2019 Rp19,250,000,000
I Year 2017 Series A (matured on 11 July 2022), Series B, and
15. 10 March 2020 Rp19,250,000,000 Series C
16. 10 June 2020 Rp19,250,000,000 2. Shelf Registered Sukuk Mudharabah II Bank Maybank
17. 10 September 2020 Rp19,250,000,000 Indonesia Tranche I Year 2017 (matured on 11 July 2020).
18. 10 December 2020 Rp19,250,000,000
Through the Shelf Public Offering ("PUB") scheme, as stipulated
19. 10 March 2021 Rp19,250,000,000
in the OJK Regulation No. 36/POJK.04/2014 regarding Shelf
20. 10 June 2021 Rp19,250,000,000
Public Offering of Debt Instruments and/or Sukuk dated
21. 10 September 2021 Rp19,250,000,000 8 December 2014.
22. 10 December 2021 Rp19,250,000,000
23. 10 March 2022 Rp19,250,000,000
24. 10 June 2022 Rp19,250,000,000
25. 10 September 2022 Rp19,250,000,000
26. 10 December 2022 Rp19,250,000,000
27. 10 March 2023 Rp19,250,000,000
28. 10 June 2023 Rp19,250,000,000
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Details of these Bonds are as follows:
Bonds Name Shelf Registered Bonds II Bank Maybank Indonesia Tranche I Year 2017
Tenor Series A: 5 years
Series B: 7 years
Series C: 10 years
Nominal Amount Series A: Rp435,000,000,000
Series B: Rp300,000,000,000
Series C: Rp100,000,000,000
Coupon Rate Series A: 8.00% (per annum)
Series B: 8.50% (per annum)
Series C: 8.65% (per annum)
Issuance Date 11 July 2017
Current Rating PEFINDO : idAAA
First Coupon Payment 11 October 2017
Last Coupon Payment/ Maturity Date Series A: 11 July 2022
Series B: 11 July 2024
Series C: 11 July 2027
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of the
Company as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Bahana Securities
PT Indo Premier Securities
PT Maybank Kim Eng Securities
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aryanti Artisari, SH., M.Kn
Chronology of Coupon Payment:
13. 11 October 2020 Rp6,375,000,000
Series B
14. 11 January 2021 Rp6,375,000,000
1. 11 October 2017 Rp6,375,000,000
15. 11 April 2021 Rp6,375,000,000
2. 11 January 2018 Rp6,375,000,000
16. 11 July 2021 Rp6,375,000,000
3. 11 April 2018 Rp6,375,000,000
17. 11 October 2021 Rp6,375,000,000
4. 11 July 2018 Rp6,375,000,000
18. 11 January 2022 Rp6,375,000,000
5. 11 October 2018 Rp6,375,000,000
19. 11 April 2022 Rp6,375,000,000
6. 11 January 2019 Rp6,375,000,000
20. 11 July 2022 Rp6,375,000,000
7. 11 April 2019 Rp6,375,000,000
21. 11 October 2022 Rp6,375,000,000
8. 11 July 2019 Rp6,375,000,000
22. 11 January 2023 Rp6,375,000,000
9. 11 October 2019 Rp6,375,000,000
23. 11 April 2023 Rp6,375,000,000
10. 11 January 2020 Rp6,375,000,000
24. 11 July 2023 Rp6,375,000,000
11. 11 April 2020 Rp6,375,000,000
25. 11 October 2023 Rp6,375,000,000
12. 11 July 2020 Rp6,375,000,000
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Series C 13. 11 October 2020 Rp2,162,500,000
1. 11 October 2017 Rp2,162,500,000 14. 11 January 2021 Rp2,162,500,000
2. 11 January 2018 Rp2,162,500,000 15. 11 April 2021 Rp2,162,500,000
3. 11 April 2018 Rp2,162,500,000 16. 11 July 2021 Rp2,162,500,000
4. 11 July 2018 Rp2,162,500,000 17. 11 October 2021 Rp2,162,500,000
5. 11 October 2018 Rp2,162,500,000 18. 11 January 2022 Rp2,162,500,000
6. 11 January 2019 Rp2,162,500,000 19. 11 April 2022 Rp2,162,500,000
7. 11 April 2019 Rp2,162,500,000 20. 11 July 2022 Rp2,162,500,000
8. 11 July 2019 Rp2,162,500,000 21. 11 October 2022 Rp2,162,500,000
9. 11 October 2019 Rp2,162,500,000 22. 11 January 2023 Rp2,162,500,000
10. 11 January 2020 Rp2,162,500,000 23. 11 April 2023 Rp2,162,500,000
11. 11 April 2020 Rp2,162,500,000 24. 11 July 2023 Rp2,162,500,000
12. 11 July 2020 Rp2,162,500,000 25. 11 October 2023 Rp2,162,500,000
The Realisation of Use of Proceeds resulting from the Public Offering of Shelf Registered Bonds II Bank Maybank Indonesia Tranche I
Year 2017 and Shelf Registered Mudharabah Sukuk II Bank Maybank Indonesia Tranche I Year 2017 has been reported to the Financial
Services Authority through letter No. S.2018.312/ DIR FIN dated 9 January 2018.
Furthermore, on 15 March 2018, the Company issued Shelf Registered Bonds II Bank Maybank Indonesia Tranche II Year 2018 (matured
on 15 March 2023).
Details of these Bonds are as follows:
Bonds Name Shelf Registered Bonds II Bank Maybank Indonesia Tranche II Year 2018
Tenor 5 years
Nominal Amount Rp645,500,000,000
Coupon Rate 7.15% (per annum)
Issuance Date 15 March 2018
Current Rating PEFINDO : idAAA
First Coupon Payment 15 June 2018
Last Coupon Payment/ Maturity Date 15 March 2023
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of the
Company as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT BCA Sekuritas
PT Indo Premier Sekuritas
PT Maybank Kim Eng Sekuritas
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aulia Taufani, S.H.
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Chronology of Coupon Payment:
11. 15 December 2020 Rp11,538,312,500
1. 15 June 2018 Rp11,538,312,500
12. 15 March 2021 Rp11,538,312,500
2. 15 September 2018 Rp11,538,312,500
13. 15 June 2021 Rp11,538,312,500
3. 15 December 2018 Rp11,538,312,500
14. 15 September 2021 Rp11,538,312,500
4. 15 March 2019 Rp11,538,312,500
15. 15 December 2021 Rp11,538,312,500
5. 15 June 2019 Rp11,538,312,500
16. 15 March 2022 Rp11,538,312,500
6. 15 September 2019 Rp11,538,312,500
17. 15 June 2022 Rp11,538,312,500
7. 15 December 2019 Rp11,538,312,500
18. 15 September 2022 Rp11,538,312,500
8. 15 March 2020 Rp11,538,312,500
19. 15 December 2022 Rp11,538,312,500
9. 15 June 2020 Rp11,538,312,500
20. 15 March 2023 Rp11,538,312,500
10. 15 September 2020 Rp11,538,312,500
Realisation of the Proceeds resulting from the Public Offering of Shelf Registered Bonds II Bank Maybank Indonesia Tranche II Year 2018
has been reported to the Financial Services Authority through letter No.S.2018.487/DIR FIN dated 6 July 2018.
Subsequently, on 26 October 2018, the Company issued Shelf Registered Bonds II Bank Maybank Indonesia Tranche III Year 2018 Series A
(matured on 6 November 2019), Seri B (matured on 26 October 2021), and Seri C (matured on 26 October 2023).
Details of the Bonds are as follows:
Bonds Name Shelf Registered Bonds II Bank Maybank Indonesia Tranche III Year 2018
Tenor Series A: 370 days
Series B: 3 years
Series C: 5 years
Nominal Amount Series A: Rp235,000,000,000
Series B: Rp69,000,000,000
Series C: Rp75,000,000,000
Coupon Rate Series A: 7.80% (per annum)
Series B: 8.60% (per annum)
Series C: 8.80% (per annum)
Issuance Date 26 October 2018
Current Rating PEFINDO : idAAA
First Coupon Payment 26 January 2018
Last Coupon Payment/ Maturity Date Series A: 6 November 2019
Series B: 26 October 2021
Series C: 26 October 2023
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of the
Company as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT BNI Sekuritas
PT DBS Vickers Sekuritas Indonesia
PT Indo Premier Sekuritas
PT Maybank Kim Eng Sekuritas
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aulia Taufani, S.H.
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Chronology of Coupon Payment:
Series C 11. 26 July 2021 Rp1,650,000,000
1. 26 January 2019 Rp1,650,000,000 12. 26 October 2021 Rp1,650,000,000
2. 26 April 2019 Rp1,650,000,000 13. 26 January 2022 Rp1,650,000,000
3. 26 July 2019 Rp1,650,000,000 14. 26 April 2022 Rp1,650,000,000
4. 26 October 2019 Rp1,650,000,000 15. 26 July 2022 Rp1,650,000,000
5. 26 January 2020 Rp1,650,000,000 16. 26 October 2022 Rp1,650,000,000
6. 26 April 2020 Rp1,650,000,000 17. 26 January 2023 Rp1,650,000,000
7. 26 July 2020 Rp1,650,000,000 18. 26 April 2023 Rp1,650,000,000
8. 26 October 2020 Rp1,650,000,000 19. 26 July 2023 Rp1,650,000,000
9. 26 January 2021 Rp1,650,000,000 20. 26 October 2023 Rp1,650,000,000
10. 26 April 2021 Rp1,650,000,000
Realisation of the Proceeds resulting from the Public Offering of Shelf Registered Bonds II Bank Maybank Indonesia Tranche III Year 2018
has been reported to the Financial Services Authority through letter No.S.2019.001/DIR FIN dated 8 January 2019.
Furthermore, on 3 July 2019, the Company issued Shelf Registered Bonds III Bank Maybank Indonesia Tranche I Year 2019 Series A
(matured on 13 July 2020), Series B (matured on 3 July 2022), and Series C.
Through the Shelf Public Offering ("PUB") scheme, as stipulated in the Financial Services Authority Regulation No. 36/POJK.04/2014 on
Shelf Public Offerings of Debt Securities and/or Sukuk dated 8 December 2014.
Details of the Bonds are as follows:
Bonds Name Shelf Registered Bonds III Bank Maybank Indonesia Tranche I Year 2019
Tenor Series A: 370 days
Series B: 3 years
Series C: 5 years
Nominal Amount Series A: Rp308,000,000,000
Series B: Rp624,000,000,000
Series C: Rp68,000,000,000
Coupon Rate Series A: 7.55% (per annum)
Series B: 8.50% (per annum)
Series C: 8.70% (per annum)
Issuance Date 3 July 2019
Current Rating PEFINDO : idAAA
First Coupon Payment 3 October 2019
Last Coupon Payment/ Maturity Date Series A: 13 July 2020
Series B: 3 July 2022
Series C: 3 July 2024
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of the
Company as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Bahana Sekuritas
PT Indo Premier Sekuritas
PT Maybank Kim Eng Sekuritas
PT Trimegah Sekuritas Indonesia Tbk
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aulia Taufani, S.H.
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Chronology of Coupon Payment:
Series C 12. 3 July 2022 Rp1,479,000,000
1. 3 October 2019 Rp1,479,000,000 13. 3 October 2022 Rp1,479,000,000
2. 3 January 2020 Rp1,479,000,000 14. 3 January 2023 Rp1,479,000,000
3. 3 April 2020 Rp1,479,000,000 15. 3 April 2023 Rp1,479,000,000
4. 3 July 2020 Rp1,479,000,000 16. 3 July 2023 Rp1,479,000,000
5. 3 October 2020 Rp1,479,000,000 17. 3 October 2023 Rp1,479,000,000
6. 3 January 2021 Rp1,479,000,000
7. 3 April 2021 Rp1,479,000,000
8. 3 July 2021 Rp1,479,000,000
9. 3 October 2021 Rp1,479,000,000
10. 3 January 2022 Rp1,479,000,000
11. 3 April 2022 Rp1,479,000,000
Realisation of the Proceeds resulting from the Public Offering of Shelf Registered Bonds III Bank Maybank Indonesia Tranche I Year 2019
has been reported to OJK through letter No.S.2020.007/DIR FIN dated 14 January 2020.
Subsequently, on 8 July 2022, the Company issued Shelf Registered Bond IV Bank Maybank Indonesia Tranche I Year 2022 Series A
(matured on 18 July 2023), Series B, and Series C.
Through Shelf Public Offering ("PUB") scheme, as stipulated in the OJK Regulation No. 36/POJK.04/2014 on Shelf Public Offering of
Debt Instruments and/or Sukuk dated 8 December 2014.
Details of the Bonds are as follows:
Bonds Name Shelf Registered Bonds IV Bank Maybank Indonesia Tranche I Year 2022
Tenor Series A: 370 days
Series B: 3 years
Series C: 5 years
Nominal Amount Series A: Rp400,000,000,000
Series B: Rp300,000,000,000
Series C: Rp300,000,000,000
Coupon Rate Series A: 3.80% (per annum)
Series B: 6.25% (per annum)
Series C: 6.80% (per annum)
Issuance Date 8 July 2022
Current Rating PEFINDO : idAAA
First Coupon Payment 8 October 2022
Last Coupon Payment/ Maturity Date Series A: 18 July 2023
Series B: 8 July 2025
Series C: 8 July 2027
Use of Proceeds To increase earning assets to support business growth of the Company for loan
disbursement
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT BNI Sekuritas
PT Indo Premier Sekuritas
PT Maybank Sekuritas Indonesia
PT Trimegah Sekuritas Indonesia Tbk
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aulia Taufani, S.H.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Chronology of Coupon Payment:
Series A Series C
1. 8 October 2022 Rp3,800,000,000 1. 8 October 2022 Rp5,100,000,000
2. 8 January 2023 Rp3,800,000,000 2. 8 January 2023 Rp5,100,000,000
3. 8 April 2023 Rp3,800,000,000 3. 8 April 2023 Rp5,100,000,000
4. 18 July 2023 Rp4,222,224,000 4. 8 July 2023 Rp5,100,000,000
Series B 5. 8 October 2023 Rp5,100,000,000
1. 8 October 2022 Rp4,687,500,000
Realisation of the proceeds resulting from the Public Offering
2. 8 January 2023 Rp4,687,500,000
of Shelf Registered Bonds IV Bank Maybank Indonesia
3. 8 April 2023 Rp4,687,500,000
Tranche I Year 2022 has been reported to OJK through letter
4. 8 July 2023 Rp4,687,500,000 No.S.2023.001/MBI/DIR FIN - Corporate Finance & Capital
5. 8 October 2023 Rp4,687,500,000 Management dated 9 January 2023.
OVERVIEW OF OTHER SECURITIES ISSUES
Subordinated Long Term Notes Conducted Without Going Through Public Offering PT Bank Maybank Indonesia Tbk Year 2023
The Company issued the Long Term Notes Subordinated without Going Through Public Offering PT Bank Maybank Indonesia Tbk Year
2023 ("Subordinated LTN") on 23 August 2023 as stipulated in the provisions of the Financial Services Authority (OJK) Regulation No. 39/
POJK.04/2019 regarding the Issuance of Debt Securities and/or Sukuk conducted without going through public offering, with details as
follows:
Securities Name Subordinated Long Term Notes Issued Without a Public Offering of PT Bank Maybank
Indonesia Tbk Year 2023
Tenor 10 years
Nominal Amount Rp100,000,000,000
Coupon Rate 7.90% (per annum)
Issuance Date 23 August 2023
First Coupon Payment 23 November 2023
Last Coupon Payment/ Maturity Date 23 August 2033
Use of Proceeds as Supplementary Capital ("Tier 2 Capital") as stipulated in the applicable regulations and
will be used for lending and to strengthen the long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Maybank Sekuritas Indonesia
Legal Firm
Tumbuan & Partners
Notary
Aulia Taufani, S.H.
Chronology of Coupon Payment:
1. 23 November 2023 Rp1,975,000,000
Upon the issuance of the Subordinated LTN, the Company has obtained approval from OJK-Bank Supervisor through letter No. S-100/
PB.32/2023 on 6 October 2023, to consider the Subordinated LTN as a component of Additional Capital (Tier II) in the calculation of the
Company's Minimum Capital Adequacy Ratio (CAR).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 137
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Ratings
As part of the Bank's policy to provide information to shareholders and public, Maybank Indonesia conducts ratings to assess the
Company's performance and condition through independent parties, namely PT Pemeringkat Efek Indonesia (Pefindo) and PT Fitch
Ratings Indonesia (Fitch).
PEFINDO FITCH
March 2023 December 2023
Corporate Rating idAAA/Stable National Long-Term Rating AAA(idn), Outlook Stabil
Shelf Registered Bond IV Tranche I/2022 idAAA National Short-Term Rating F1+(idn)
Shelf Registered Bond III Tranche I/2019 idAAA
Shelf Registered Bond II Tranche IV/2019 idAAA
Shelf Registered Bond II Tranche III/2018 idAAA
Shelf Registered Bond II Tranche II/2018 idAAA
Shelf Registered Bond II Tranche I/2017 idAAA
Shelf Subordinated Bonds II Tranche II/2016 idAA
(matured)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Public Accountant &
Public Accountant Firm
Services
PUBLIC ACCOUNTING FIRM
Public Accountant Name: Muhammad Kurniawan
Registered No. AP.0240
PUBLIC ACCOUNTING FIRM
Kantor Akuntan Publik Purwantono, Sungkoro & Surja
Gedung Bursa Efek Indonesia, Tower 2, 7th Floor
Jl. Jenderal Sudirman Kav. 52-53 Jakarta 12190, Indonesia
Tel. (62-21) 5289 5000
Website: www.ey.com/id
Services provided:
Auditing the Consolidated Financial Statements for the Financial
Year 2023 including a review of the modelling related to
Expected Credit Losses in accordance with PSAK 71.
Other services:
Review of the Consolidated Financial Statements as of 30 June
2023 and issuance of Comfort Letter.
Service Period:
Financial Year 2023
Fee provided:
- Rp4.26 billion for audit of Consolidated Financial Statements
for the year ended 31 December 2023
- Rp300 million for review of Expected Credit Loss modelling
in accordance with PSAK 71
- Rp1.15 billion for review of Consolidated Financial Statements
as of 30 June 2023
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Capital Market Supporting
Institutions and Professions
CUSTODIAN LISTING SERVICES
PT Kustodian Sentral Efek Indonesia Indonesia Stock Exchange
Indonesia Stock Exchange Building, Indonesia Stock Exchange Building
Menara I, 5th Floor Tower I 6th Floor
Jl. Jendral Sudirman Kav. 52– 53, Jakarta 12190 Jl. Jend. Sudirman Kav.52-53
Telp. +62 21 5299 1099 Jakarta 12190
Fax. +62 21 5299 1199 Telephone : +6221 5150515
TRUSTEES LEGAL CONSULTANT
PT Bank Mandiri (Persero) Tbk Tumbuan & Partners
International Banking & Financial Institutions Group JL. Gandaria Tengah III No. 8
Plaza Mandiri 22nd Floor Kebayoran Baru
Jl. Jend. Gatot Subroto Kav. 36-38 Jakarta Selatan 12130, Indonesia
Jakarta, 12190 T +62 21 722 7736
Tel. (+62 21) 526 5045 F +62 21 724 4579
Fax. (+62-21) 527 4477
PT Bank Mega Tbk NOTARY
Capital Market Services
Menara Bank Mega Aulia Taufani, S.H.
Jl. Kapten Tendean Kav.12-14A Menara Sudirman 18th Floor ABD
Jakarta 12790, Indonesia Jl. Jend Sudirman Kav.60
Tel. (62-21) 7917 5000 Jakarta Selatan 12190
Fax. (+62-21) 7918 7100 Tel. (62-21) 520 4778
Fax. (62-21) 520 4779
JOINT LEAD UNDERWRITERS
RATING AGENCY
PT Maybank Sekuritas Indonesia (Terafiliasi)
Sentral Senayan III, 22nd Floor PT Pemeringkat Efek Indonesia (Pefindo)
Jl. Asia Afrika No. 8 Equity Tower 30th Floor
Gelora Bung Karno, Senayan Sudirman Central Business District
Jakarta 10270, Indonesia Lot 9
Telp. (021) 8066 8500 Jl. Jendral Sudirman Kav. 52-53
Faks. (021) 8066 8501 Jakarta 12190, Indonesia
T (62-21) 509 684 69
F (62-21) 509 684 68
PT Fitch Ratings Indonesia
DBS Bank Tower 24th Floor Suite 2403
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia
T + 62 21 2988 6800
F + 62 21 2988 6822
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Information on
Corporate Website
Maybank Indonesia has a website, www.maybank.co.id, which Information related to Investor Relations consisting of:
is equipped with various important information that is updated • Financial Highlights, Annual Reports, Financial Statements,
regularly. The Bank's website is created and managed based on Monthly Publication Reports, Company Presentations, GMS,
OJK Regulation No. 8/POJK.04/2015 regarding Website of Public Share Information, Dividend Information, Corporate Actions,
Companies. Maybank Indonesia website can be accessed by Bond Information, Credit Ratings, Leverage and Liquidity
customers and public to gather information about the Company. Coverage Ratio, and Corporate Research www.maybank.co.id
• Information on Products and Services offered by the Bank.
The Bank continuously improves the website to become more The information includes the following products and
informative, accessible, easy to navigate and user-friendly. services: Retail Banking, Global Banking, Business Banking,
The website has information display in two languages, namely Global Markets, Shariah and E-Banking.
Indonesian and English. Maybank Indonesia is committed to • The website also provides other information related to the
continuously improve the implementation of the Disclosure Bank's office network and electronic network, Corporate
Principle as mandated by the prevailing laws and regulations. Governance (GCG) implementation report, Corporate Social
To improve the implementation of good corporate governance, Responsibility (CSR) activities, news and information for the
especially in providing access to comprehensive information media.
on the Bank's performance to shareholders, customers, the
public, government, and other stakeholders, Maybank Indonesia The Bank's website also contains career opportunities in the
provides access to the required information on the Bank's official Bank, banking education to customers, and a glossary of terms
website. along with information on interest rates applicable in the
Bank, as well as other information related to the principle of
Information on the Bank's website generally consists of: transparency in the management of the Company.
General information about the Bank consisting of Maybank
Indonesia Profile, Vision and Mission, Profiles of the Board of
Commissioners, Board of Directors, Shariah Supervisory Board,
Organisational Structure, Group Structure, Subsidiaries &
Associates, Capital Market Supporting Institutions & Professions,
Awards, Guarantees and Protections, Company Articles of
Association, Committees, and Maybank Foundation Scholarship
Program.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 141
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Highlights Report Profile and Analysis
Operational
Areas
Tarakan
Aceh
MEDAN
Pekanbaru
Pontianak Samarinda
Padang
Jambi BALIKPAPAN
Muarabungo
Pangkal Pinang Sampit
Banjarmasin
Bengkulu
PALEMBANG
Lampung
JAKARTA 1 JAKARTA 2
JAKARTA 3
EAST JAVA
WEST JAVA
CENTRAL JAVA Bali
Total Total Main Total Sub-
Total Regional Conventional Branch Branch
Offices Branch Offices Offices Offices
10 10 10 335 324 80 79 79 255 245
316 237
2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023
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Review Governance Responsibility Statements
Total Branches * Total ATM Regional Office
356 1,033
North Sumatra
South Sumatra
West Java
2021 2021 Jakarta 1
345 895**
Jakarta 2
Jakarta 3
Central Java
2022 2022
East Java, Bali, & Nusa Tenggara
337 2023
765 **
2023
Kalimantan
Sulawesi & Eastern Indonesia
* Total Branches: Number of ** Including 26 Cash Recycle
Conventional Branch Offices Machines (CRM)
+ Number of Overseas Branch
Offices + Number of Shariah
Branch Offices
Manado
Gorontalo Ternate
Palu Sorong
Mamuju
Ambon
Jayapura
Kendari
MAKASSAR
Nusa Tenggara
Kupang
Total Shariah
Total Overseas Branch Total Micro Total KCP
Branch Offices Offices Offices Mobile
1 1 1 19 19 20 1 1 22 22 22
0
2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023
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Highlights Report Profile and Analysis
Branch Offices
Address
CONVENTIONAL BRANCH OFFICE
Branch Name Address Phone
KANWIL NORTH SUMATERA Gedung Sinar Mas Land Plaza Lt.3, Jl. Diponegoro No. 18, Medan
KC DIPONEGORO MEDAN Jl. Diponegoro No. 18, Medan 061-4537 888
KCP SUMATERA Jl. Sumatera No. 93 C, Medan 061-88817811
KCP GLUGUR Jl. Glugur No. 71A, Medan Petisah, Medan 061-4152011
KCP BINJAI Jl. Jend. Sudirman No. 207 A-B, Binjai 061-8822325
KCP RING ROAD Jl Gagak Hitam /Ring Road Nomor 8-9, Kel Sunggal, Kec. Medan Sunggal, Medan 061 42577079
KCP TOMANG ELOK Jl. Gatot Subroto Komp. Tomang Elok Blok C No. 105 Medan 061-8462222
KCP TANJUNG MORAWA Jl. Pahlawan No. 40 Tanjung Morawa, Deli Serdang 061-7940622
KCP BRIGJEN KATAMSO Jl. Brigadir Jendral Katamso No. 761 AB, Medan 061-7878008
KCP LUBUK PAKAM Jl. Sutomo No. 7 Kelurahan Lubuk Pakam Pekan Kecamatan Lubuk Pakam 061- 7951238
Kabupaten Deli Serdang
KC PALANG MERAH, MEDAN Jl. Palang Merah No. 15, Medan 061-4512800
KCP JL BANDUNG MEDAN Jl. Bandung 88/11, Pasar Baru, Medan 061-4559811
KCP THAMRIN MEDAN Jl. Thamrin No. 75 - C-I Medan 061-7348000
KCP KRAKATAU Jl. Krakatau No. 138 A Medan 061-6630050
KCP PULO BRAYAN Jl. K.L. Yos Sudarso No. 2 M-N, Pulo Brayan, Medan 061- 6620888
KCP A.R.HAKIM Jl. A.R. Hakim No. 8, Medan 061-7352688
KCP JL CIREBON MEDAN Jl. Cirebon No. 11 Medan 061- 4157111
KCP SUTOMO Jl. DR. Sutomo No. 18 I-J Medan 061-4565088
KCP CEMARA ASRI Jl. Cemara Boulevard Blok B 1 No. 76, Kompleks Cemara Asri, Deli Serdang 061-6638286
KC BATAM Raja Ali Haji No. 38 Batam 0778-456377
KCP CITRAMAS PENUIN Jl. Pembangunan Komp. Citramas Bl. A No. 18, Penuin Batam 0778-422710
KCP BATU AJI Komplek Sentosa Perdana Blok DD No. 9 & 10, Batam - Kepri 0778-392087
KCP PALM SPRING BATAM CENTER Komplek Palm Spring BTC Blok D1 No. 10, Batam Centre 0778-466705
KCP BOTANIA GARDEN Ruko Botania Garden, Botania Garden Blok A1 No 1A dan 1B, Batam Center - Batam 0778-7495222
KC PEMATANG SIANTAR Jl. DR. Sutomo No. 245 Pematang Siantar 21118 0622-420777
KCP TEBING TINGGI Jl. Suprapto No.107, Tebing Tinggi 0621 325811
KCP KISARAN Jl. Imam Bonjol No. 148 Kelurahan Kisaran Kota, Kecamatan Kisaran 0623- 348811
Kabupaten Asahan
KC RANTAU PRAPAT Jl. Diponegoro No. 19 Rantau Prapat 21412 0624-327333
KC TANJUNG PINANG Jl. Merdeka No. 6 F- G Tanjung Pinang 29111 0771-311800
KCP TANJUNG UBAN Jl. Permaisuri No. 7 Tanjung Uban 0771-81800
KC PEKANBARU Komp. Senapelan Plaza, Jl. Jend. Sudirman No. 69 Pekanbaru 0761-31922
KCP RIAU Jl. Riau No. 10 FG Kel. Tampan Kec. Tampan, Kota Pekanbaru, Riau 0761-848811
KCP HARAPAN RAYA Jl. Harapan Raya No. 304 V, Pekanbaru 0761-887811
KCP DUMAI Jl. Sukajadi/ P. Diponegoro No. 106 & 108, Dumai 28812 0765-32811
KCP NANGKA Komp. Citra Plaza Jl. Teuku Tambusai (D/H Jl. Nangka) No. 12 Pekanbaru 0761-28230
KC PADANG Jl. Jend. Sudirman No. 14 Padang 25121 0751-30811
KCP PONDOK/ PLAZA MINANG Jl. Pondok No. 86 - C, Kota Padang, West Sumatra Province 25121 0751-33148
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Branch Name Address Phone
KCP BUKIT TINGGI Jl. Jend. A. Yani No. 92 Bukit Tinggi 0752-625811/5
KANWIL SOUTH SUMATERA Jl. Kapten Rivai No. 1293, Lantai 5, palembang, South Sumatera
KC BENGKULU Jl. Soewondo Parman No. 51-52, Kelurahan Penurunan, Kecamatan Ratu Samban, 0736-344100
Kota Bengkulu, Provinsi Bengkulu
KC JAMBI Jl. DR. Sutomo No. 54 Jambi 36113 0741-32141 47
KCP JELUTUNG Jl. Hayam Wuruk No. 74-75, Jelutung, Jambi 0741-20611
KCP SIPIN, JAMBI Jl. Kapt. A. Bakarudin No. 67 & 68, Sipin, Jambi 36122 0741-63981
KCP KUALA TUNGKAL Jl. Imam Bonjol No. 68-69, RT. 003 RW.000, Kel. Tungkal IV Kota, Kec. Tungkal Ilir, 0742-22611, 322745,
Kab. Tanjung Jabung Barat, Jambi 46, 47
KCP TALANG BANJAR Jl. Rang Kayo Pngai No. 36 RT 003 RW 003, Kelurahan Talang Banjar, Kecamatan 0741-34700
Jambi Timur, Kota Jambi
KC MUARA BUNGO Jl. Sudirman No. 55, RT 015 RW 006, Kelurahan Bungo Barat, 0747-321181
Kecamatan Muara Bungo, Kabupaten Bungo, Jambi
KC PALEMBANG Jl. Kapten Rivai No. 1293 Palembang 30129 0711-311909
KCP SUKAMTO Jl. R. Sukamto No. 28 E, Palembang 0711-314222/33
KCP LETKOL ISKANDAR Jl. Letkol. Iskandar No. 901 ABCD Palembang 0711-370771/2
KCP KEBUMEN DARAT Jl. Kebumen Darat No. 742, Palembang 0711-361447
KCP POLYGON Perumahan Bukit Sejahtera (Polygon) Bl. BA No. 17, Palembang 0711-442605
KCP LEMABANG Jl. RE Martadinata No. 18 B, Kel. 8 Ilir, Kec. Ilir Tengah 1, Palembang 0711-710334
KCP BANYUASIN Jl. Sultan Mahmud Badaruddin II KM 12 No.6, Kelurahan Alang-alang lebar, 0711-5645217
Kec Alang-alang lebar (dr.Sukarami) Palembang 30154
KCP LUBUK LINGGAU Jl. Garuda Nomor 2, RT 005 RW 000, Kelurahan Pasar Pemiri, 0733-320170
Kecamatan Lubuk Linggau Barat II, Kota Lubuk Linggau
KC BANDAR LAMPUNG Jl. Pattimura No. 15, Kelurahan Kupang Kota, Kecamatan Teluk Betung Utara, 0721-487409/10
Kota Bandar Lampung
KCP TANJUNG KARANG Jl. Kartini Komp. Pertokoan Pasar Tengah Blok B / II No. 15 0721-266651
Tanjung Karang Lampung 3511
KCP RADEN INTEN Jln. Raden Intan No. 144/88 Tanjung Karang, Bandar Lampung 0721-250270
KCP METRO LAMPUNG Komp. Ruko Sumur Bandung Blok B No. 5 Metro, Lampung 0725-4781114
KCP BANDAR JAYA Jl. Proklamator No. 25 Kelurahan Bandar Jaya Barat, Kecamatan Terbanggi Besar, 0725-527611
Kabupaten Lampung Tengah, Lampung Province
KCP ANTASARI Jl. Pangeran Antasari No. 36 C, Kelurahan Kedamaian, 0721-5600588
Kecamatan East Tanjung Karang, Bandar Lampung City, Lampung
KC PANGKALPINANG Jl. Pegadaian No. 12A, Kompleks Pasar, Kota Pangkalpinang 0717-424324
KANWIL WEST JAVA Jl. R.E. Martadinata No. 23 Bandung
KC RE MARTADINATA Jl. R.E. Martadinata No. 23 Bandung 022- 4240720
KCP GATOT SUBROTO Jl. Jenderal Gatot Subroto Nomor 251, RT 001 RW 03, Kelurahan Cibangkong, 022-73517501
Kecamatan Batununggal, Kota Bandung
KCP BUAH BATU Jl. Buah Batu No. 261 Bandung 022-7305595
KCP KOPO SAYATI Jl. Raya Kopo Bihbul No. 16 D Bandung 022-5415858
KCP JL AHMAD YANI BANDUNG Jl. A. Yani No. 702 Bandung 022-7202914
KCP BATUNUNGGAL Jl. Batununggal Indah No. 153, Kelurahan Batununggal, Kecamatan Bandung Kidul, 022-7563466
Wilayah Gedebage, Kota Bandung, West Java Province
KCP MOHAMMAD TOHA Jl. Mohammad Toha No. 111 A dan 165, Kelurahan Cigereleng, Bandung 022-42826965/
42826599
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Branch Name Address Phone
KC ASIA AFRIKA Jl. Asia Afrika No. 113 Bandung 022-4214024
KCP SETIA BUDI BANDUNG Jl. Dokter Setiabudhi No. 170 E, Kelurahan Hegarmanah, Kecamatan Cidadap, 022-2032616
Bandung City, West Java Province
KCP CIMAHI Jl. Amir Mahmud no. 294, Cimahi 022-6658188
KCP KOMPLEK SUMBER SARI Ruko Sumber Sari No. 130 Jl. Soekarno Hatta, Bandung 022-6079900
KCP SURYA SUMANTRI Jl. Surya Sumantri No. 56 Bandung 022-2003390
KCP PASIR KALIKI Jl. Pasirkaliki No. 154, Bandung 022-84468050
KCP RANCAEKEK Jl. Rancaekek No. 147, Bandung 022-7797022
KCP JL CIBADAK BANDUNG Jl. Cibadak No. 88 Bandung 022-4207809
KCP KOPO PLAZA Ruko Bumi Kopo Kencana Bl. D-14, Jl. Lingkar Selatan, Bandung 022-6079717
KCP KOTA BARU PARAHYANGAN Ruko Tatar Pancawarna, Jl. Pancawarna no. 11, Kota Baru Parahyangan, Desa 022-86861195
Cipendeuy, Kecamatan Padalarang, Kabupaten Bandung Barat, West Java Province
KCP UJUNG BERUNG Jl AH Nasution 113, Kec Ujungberung, Bandung 022-63734481
KCP GARUT Jl. Ciledug No. 177, RT 001 RW 010, Desa/Kelurahan Kotakulon, 0262-238071
Kecamatan Garut Kota, Kabupaten Garut
KCP TAMAN KOPO INDAH Ruko 1B-20 RT 10 RW 11, Desa Rahayu, Kecamatan Margaasih, Kabupaten Bandung 022-5421334
KC SUKABUMI Jl. Jendral Sudirman No. 72, Kelurahan Benteng, Sukabumi City 0266-214800
KCP CIANJUR Jl. HOS Cokroaminoto No. 98 Cianjur 43215 0263-282800
KCP CIBADAK Jl. Siliwangi No. 81 B, RT 001, RW 018, Kelurahan Cibadak, Kecamatan Cibadak, 0266-534700
Kabupaten Sukabumi, West Java Province
KC TASIKMALAYA Jl. Juda Negara Ruko No. 16-17 Tasikmalaya 0265-338408
KC CIREBON Jl. Siliwangi No. 49 Cirebon 0231-202150
KCP PAGONGAN Komplek Ruko Cirebon Grand Center D.10, Jl. Pagongan Kel. Pekalangan, 0231-237944
Kec. Pekalipan, Kota Cirebon
KANWIL JAKARTA 1 Gedung Sinar Mas Land Plaza, Menara 1 lt. 3 Jl. M.H. Thamrin Kav. 22 No. 51, Jakarta
KC THAMRIN, JAKARTA Jl. MH Thamrin Kav. 22 No. 51, Tower 2 lt. 1, Jakarta 10350 021-2300888
KCP PROKLAMASI Jl. Proklamasi No. 23 Central Jakarta 10320 021-3906889
KCP WISMA KEIAI Wisma KEIAI Lt. Dasar, Jl. Jend. Sudirman Kav. 3-4, Jakarta 021-5724031-36
KCP MALL AMBASADOR Jl. Prof. Dr. Satrio, Lt. Dasar Ruko No. 1, South Jakarta 021-5760136-38
KCP TANAH ABANG Jl. Fachruddin Bl. D 18-19 Tanah Abang, Central Jakarta 10250 021-2303035/3923520
KC SUMMIT MAS, JAKARTA Summitmas Tower II Jl. Jend. Sudirman Kav. 61, Jakarta 021-2526333
KCP WOLTER MONGINSIDI Jl. Wolter Monginsidi No. 64B, Kebayoran Baru, South Jakarta 021-72796941/43
KCP WARUNG BUNCIT Jl. Mampang Prapatan Raya No. 91, South Jakarta 021-7984401-05
KCP PALMERAH Jl. Palmerah Utara 36-38, Jakarta 021-5305119
KCP PERMATA HIJAU Jl. Perak No. 17B , Permata Hijau , Jakarta 12210 021-5357333
KCP SENTRAL SENAYAN 3 Gedung Sentral Senayan 3, Ground Floor, Jl. Asia Afrika 8, Gelora Bung Karno, 021-29228857
Senayan, Central Jakarta 10270
KC MT. HARYONO, JAKARTA Wisma Korindo Lt. 1, Jl. MT. Haryono Kav. 62 Jakarta 021-7976061-5
KCP WISMA MULIA Suite G 01, Wisma Mulia Jl. Jend. Gatot Subroto 42, Kuningan Barat, Mampang 021-52906000
Prapatan Jakarta 12710
KCP GRAHA IRAMA Jl. HR Rasuna Said Kav. 1-2 Ground Floor Blok B Jakarta Selatan 021-5261330-4
KCP SUPOMO Jl. Profesor Supomo SH Blok Z Persil 25 (Supomo No. 55), 021-83780897-8
Kec. Tebet, Kel. Tebet Barat, South Jakarta
KC FATMAWATI, JAKARTA Jl. R.S. Fatmawati No. 28 Jakarta 021-7511900
KCP AMPERA Jl. Ampera Raya 10 Pejaten Barat, Jakarta 12510 021-7180149-50
KCP GRAND WIJAYA Komp.Perkantoran Wijaya Grand Puri, Jl. Wijaya II Blok G No. 35-36, South Jakarta 021-2700620
KCP KEMANG Jl. Kemang Raya No. 6 Jakarta 021-7181404
KCP PANGLIMA POLIM Jl. Panglima Polim Raya No. 79 Jakarta 021-2700811
KCP TB SIMATUPANG Gedung Graha Simatupang, lt. 1 & 2, Jl. T B Simatupang Kav. 38, South Jakarta 021-7813292-94
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Branch Name Address Phone
KCP DEPOK Jl. Margonda Raya No. 38 Depok 021-7751368
KC PONDOK INDAH, JAKARTA Jl. Metro Pondok Indah Kav. II UA No.65-66, Jakarta 12310 021-7500027
KCP BONA INDAH Jl. Karang Tengah, Kompleks Perumahan Bona Indah Blok A2/B Kavling No. 6, 021-7548033
Lebak Bulus, Cilandak, South Jakarta, DKI Jakarta
KCP PAMULANG Jl. Siliwangi Ruko Pamulang Permai 1 Blok SH 19/12, Ds. Pamulang Barat, 021-74701403
Kec. Pamulang, Kab. South Tangerang
KCP BINTARO JAYA Jl. Bintaro Utama 3 A Rukan Blok A No.1 , Pondok Aren, Tangerang 021-7351158-60
KCP KEBAYORAN ARCADE Jl. Ruko Kebayoran Arcade II, Kaveling Blok KA/B2 22, Kelurahan Pondok Jaya, 021-29511826
Kecamatan Pondok Aren, South Tangerang City
KCP BINTARO PERMAI Jl. RC Veteran No. 1, Kel. Bintaro, Kec. Pesanggrahan, South Jakarta 021-73692589
KCP RADIO DALAM Jl. Radio Dalam No. A/1b (Komplek Yado) Kec Kebayoran Baru, North Gandaria 021-72798989
South Jakarta
KC JATINEGARA, JAKARTA Jl. Jatinegara Timur 59 Jakarta 021-2800320/2800333
KCP MATRAMAN Jl. Matraman Raya No. 55 Jakarta 021-8510761-65
KCP PEMUDA Jl. Pemuda RT.007/01 No. 29 Jakarta 021-4714850
KC ROXY MAS, JAKARTA Jl. Hasyim Ashari Blok B1 12 A, Jakarta 021-6329515
KCP CENTRAL PARK Garden Shopping Arcade Blok B/08/BC, Kawasan Podomoro City. 021-29209059
Jl. S. Parman Kav. 5-9 Tanjung Duren Selatan, Grogol Petamburan,
Jakarta Barat
KCP DAAN MOGOT Jl. Daan Mogot Raya Km 1 No. 10, Rukun Tetangga No. 011, Rukun Warga 04, 021-29200611
Kelurahan Jelambar, Kecamatan Grogol Petamburan, West Jakarta.
KCP GREEN VILLE Komp. Pertokoan Green Ville Blok A 17-18 Jakarta 021-5656044
KCP TOMANG Jl. Tomang Raya No. 12A, Jakarta 021-5681750/5681753
KCP JEMBATAN LIMA Jl. Moch. Mansyur No. 65 D, Jakarta 11270 021-6304135
KANWIL JAKARTA 2 Gedung Wisma Eka Jiwa 6 Fl., Jl. Mangga Dua Raya, Jakarta 10730
KC KOTA Jl. Gajah Mada No. 187, West Jakarta 021-2310811
KCP SAMANHUDI Jl. H. Samanhudi No. 55A, Jakarta 021-3448188
KCP GARUDA Jl. Garuda No. 22B, Jakarta 021- 4211844
KCP LINDETEVES TRADE CENTER Lindeteves Trade Center, Ruko RA-47 dan kios C31 No. 10, Ground Floor 2 (GF2) 021-62320643
KCP GLODOK PLAZA Komp. Glodok Plaza, Jl. Pinangsia Raya Blok E No. 9-10, Jakarta 021-628-1100
KCP MANGGA BESAR Jl Mangga Besar Raya No 42C RT. 002 RW. 002, Kelurahan Taman Sari, Kecamatan 021-6261184
Taman Sari, Jakarta Barat 11180
KCP KETAPANG INDAH Komplek Ketapang Indah Blok B-2 No.18 Jakarta Barat 021-6338566
KC PURI KENCANA, JAKARTA Komp. Puri Niaga III, Jl. Puri Kencana B1. M - 8 No. 1 JKL, Jakarta 11610 021-583-56536
KCP PURI SENTRA NIAGA Jl. Kompleks Ruko Sentra Niaga Puri Indah Blok T 1 No. 8, Kecamatan Kembangan, 021-22500505
Kelurahan Kembangan Selatan, Jakarta Barat
KCP TAMAN PALEM Ruko Taman Palem Lestari Blok D10/25, Cengkareng, West Jakarta 021-55959008
KCP KEBUN JERUK INTERCON Komplek Intercon Plaza No. 3 Jl. Meruya Ilir No. 14, Jakarta 021-5841501
KCP KEBON JERUK PLAZA Jl. Raya Perjuangan Blok A No.7-8 Jakarta 021-5308885
KCP DAAN MOGOT BARU Ruko Daan Mogot Baru, Jl. Tanah lot Blok LB V No.31-32, Tangerang 021-5447188
KCP GREEN GARDEN Komp. Perumahan Green Garden Jl. Raya Daan Mogot Km. 3 Blok 22 No. 46, Jakarta 021-5828359
KCP DUTA MAS JELAMBAR Komp. Pertokoan Taman Duta Mas, Blok E1 No. 15 Jl. Tubagus Angke, Jakarta 021-5678021
KC EKAJIWA, JAKARTA Gedung Wisma Eka Jiwa 6 Fl., Jl. Mangga Dua Raya, Jakarta 10730 021-612-1611
KCP HARCO MANGGA DUA Ruko Agung Sedayu Blok G No. 2, Jl. Mangga Dua Raya, Jakarta 10730 021-62202790
KCP PANGERAN JAYAKARTA Jl. Pangeran Jayakarta No. 129, Blok A9-10, Kel. Mangga Dua Selatan, Kec. Sawah 021-6242677
Besar, Central Jakarta 10370
KCP ITC MANGGA DUA Jl. Arteri Mangga Dua, ITC Building Blok D NO. 6-9, Jakarta 021-6016418
KCP MAL MANGGA DUA Gd. Mal Mangga Dua Blok RM No. 1-2, Jl.Mangga Dua Raya, Central Jakarta 10730 021-6129160
KCP KALI BESAR Jl. Kalibesar Barat No. 18-19, Jakarta Barat 021-2600811
KC KELAPA GADING, JAKARTA Jl. Raya Barat Boulevard Blok LC5 No. 9-11, Jakarta 021-4503181
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Branch Name Address Phone
KCP PULO GADUNG Gedung Sapta Mulia, Lantai 1, Jl. Rawa Gelam V Kav. OR.3B, 021-46834867
Kawasan Industri Pulogadung, East Jakarta
KCP KLP. GADING BULEVARD I Jl. Kelapa Gading Boulevard Blok PA-19 No. 11, North Jakarta 14240 021-4514425
KCP KLP. GADING BULEVARD II Jl. Raya Boulevard I-3 no. 4, Jakarta 021-4515253
KCP KLP. GADING KIRANA Jl. Gading Kirana Timur Blok A 13 No. 35, North Jakarta 021-4513212-15
KCP CAKUNG CILINCING PT. Bimaruna Jaya, Jl. Cakung Cilincing Km.1,5, East Jakarta 021-4619401
KC PLUIT, JAKARTA Jl Pluit Kencana Raya No. 80 Blok D Kav. 34, Jakarta 021-6604333
KCP BANDENGAN Jl. Bandengan Utara No. 85/A 10, Jakarta 021-6601469
KCP BUKIT GOLF MEDITERANIA Rukan Exclusive A 6-7, Bukit Golf Mediterania, North Jakarta 021-55966101
KCP TELUK GONG Ruko Duta Indah Square 1, Jl. Raya Teluk Gong No. 15 Blok A No. 1, North Jakarta 021-66670575
KCP MUARA KARANG RAYA Jl Pluit Karang No 197 Blok A7 Kav No. 2 North Jakarta 021-22667767
KCP MUARA KARANG Jl. Pluit Karang Timur Bl. B 8 No. 112 Jakarta 021-660-1478
KCP PESONA INDAH KAPUK Rukan Pesona Indah Kapuk Jl. Kapuk Kamal Raya Blok A No. 3A & 5, Jakarta 021-55951850
KC CEMPAKA MAS, JAKARTA Ruko Grand Cempaka Jl. Letjend. Suprapto Blok A No.34, Cempaka Putih, 021-4215915-20
Jakarta 10640
KCP TANJUNG PRIOK Jl Enggano No. 38, Tanjung Priuk, Jakarta 021-430-0419
KCP SUNTER PARADISE Jl. Bismaraya Blok A5 No. 50, Sunter, Jakarta 021-6452804-05
KCP SUNTER PODOMORO Jl. Sunter Agung Utara Blok A36 d No. 40-41, Sunter, North Jakarta 021-64716300
KCP DANAU SUNTER II Jl. Danau Agung II C3/C4 RT 010/011 No. 77 A-B, North Jakarta 021-6518105
KANWIL JAKARTA 3 Gedung Kantor Cabang Jatinegara Lt.3, Jl. Jatinegara Timur 59,
North Jakarta
KC BEKASI, JTN-JAKARTA Ruko Kalimalang Commercial Center, Jl. Jend. A. Yani Blok A-1 No. 8 Bekasi 021-8849060
KCP KALIMALANG, Pertokoan Duta Permai Bl.B-1 No.14-16, Jl. Kalimalang, Bekasi 021-88954311
KCP PONDOK GEDE Jl. Raya Jatiwaringin No. 93B, Kelurahan Jatiwaringin, Kecamatan Pondok Gede, 021- 85527460
Kota Bekasi, West Java Province
KCP HARAPAN INDAH Ruko Sentra Niaga 2 Blok SN2 No. 7, Bulevar Hijau, Harapan Indah, Medan Satria, 021-88387040
West Bekasi
KCP GRAND WISATA Ruko Grand Wisata Blok AA 9 No. 23, Bekasi 021-82616054
KCP KEMANG PRATAMA Ruko Kemang Pratama Kav. AM No. 07 B, Bekasi 021-82415222
KC LIPPO CIKARANG Komp. Ruko Thamrin Bl. B No. 2 Bl. B No. 2 Lippo Cikarang Jl. MH. Thamrin, 021-89909052
Bekasi 17550
KCP CIBITUNG Komplek Perkantoran Kawasan Industri, MM 2100 Blok C No. 12 A dan B, 021-8981338-40
Cibitung - Bekasi
KCP JABABEKA Jl. Niaga Raya Ruko Capitol No. 2 M , Jababeka II 021-89830717
KCP CIKARANG PLAZA Ruko Cikarang Plaza, Jl. Sumantri Blok No. 17 & 18, Cikarang, West Java 021-8905011-13
KCP DELTAMAS Perumahan Kota Deltamas, Blok B No. 1, Lokasi Palais De Paris, Desa Sukamahi, 021-89970005
Cikarang Centre
KC KARAWANG, JAKARTA Jl. Jend. A. Yani No. 85 Karawang 0276-403304
KCP SENTRA KIIC Sentra KIIC Room #1, Unit C, Sentra KIIC, Jl. Permata Raya Lot-CA 1, 021-8905404-05
Kawasan Industri KIIC, Telukjambe Karawang - West Java 0267-644008, 646382
KCP CIKAMPEK Jl. Jend. A. Yani Ruko No. 60C Cikampek 0264-311761/3
KCP SURYA CIPTA KARAWANG Gedung Suryacipta Square, Jl. Surya Utama Kav.C-1, Kawasan Industri Suryacipta, 0267-8610234
Karawang
KCP BUKIT INDAH Kompleks Sentra Niaga Blok A-II No. 29 Kanto No. 44, Kota Bukit Indah, 0264-8371185/88
Kabupaten Purwakarta
KCP TUPAREV Jl. Tuparev No. 56, Kecamatan Karawang Barat, Kabupaten Karawang, West Java 0267-8490899
KCP PURWAKARTA Jl. Jendral Sudirman No. 59 Purwakarta 0264-311761-3
KC BOGOR, JAKARTA Jl. Suryakencana No. 231 Bogor 0251-8330316
KCP PAJAJARAN Komp. Pertokoan Jl. Pajajaran No. 20 (28 L), Bogor 0251-8317291
KCP CITRA GRAN CIBUBUR Perumahan Citra Gran Kawasan City Walk Blok CW No. 10 and 11, Cibubur 021-29060515-7
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Branch Name Address Phone
KCP BARANANGSIANG Jl. Raya Pajajaran No. 78 N, Bogor 0251-8330082
KCP CIBINONG Jl. Mayor Oking Jayaatmaja No. 27 Komp. Pertokoan Cibinong Indah Bl. A No.3, 021-8753692
Cibinong
KCP KOTA WISATA Ruko Trafalgar Bl. H-2&H-3 Sentra Eropa, Perum. Kota Wisata Jl. Transyogi km 6, 021- 84934504
Cibubur, Bogor
KCP DEWI SARTIKA Jl. Dewi Sartika no.27D,Bogor 0251-8333728
KC CILEGON Jl, Ahmad Yani, Komplek Ruko Cilegon City Square Blok A No. 08 , Kedaleman, 0254-395401
Cibeber , Kota Cilegon
KC TANGERANG, JAKARTA Jl. Daan Mogot No. 33, Tangerang 021-5513626
KCP CITRA RAYA CIKUPA Jl. Boulevard Utama Ruko Square 2 Blok B 5A/01, Perumahan Citra Raya Cikupa, 021-5961190
Tangerang
KCP CBD CILEDUG CBD Ciledug Trade Mall & Shopping Arcade Ruko A3/27, Jl. HOS Cokroaminoto No. 021-73458080
93 Ciledug, Tangerang
KCP TANGERANG CITY Ruko Business Park, Tangerang City A 36, Jl. Jendral Sudirman and 021-29239700
Jl. Perintis Kemerdekaan, Kota Tangerang
KC BUMI SERPONG DAMAI Ruko BSD Sektor 7 Jl. Raya Serpong Blok RN No.56-57, Tangerang 15310 021-5371455
KCP ALAM SUTERA Ruko Sutera Niaga I No. 36 & 37, Ruko Alam Sutera, Tangerang 021-53124750
KCP SUMMARECON SERPONG Jl. Gading Serpong Boulevard Blok AA No. 27 Gading Serpong, Tangerang Banten 021-5467910
KCP KARAWACI Ruko Pinangsia, Karawaci Office Park Blok H No.2 Lippo Karawaci, Kecamatan 021-5469297
Cibodas, Kelurahan West Panunggangan, Tangerang, Banten 15138
KCP SUTERA PALMYRA Ruko Jalur Sutera 25A No 1, Perumahan Alam Sutera, Kecamatan Bencongan, 021-29315001-06
Tangerang, Banten
KCP PASAR MODERN SERPONG Jl. Ruko Golden Madrid 1 Blok C No. 6 BSD, Tangerang 021-5389032
KCP TERAS KOTA Ruko CBD Bidex Blok A/5 BSD, Serpong, Tangerang 021-5389029
KANWIL JAWA TENGAH Jl. Pemuda No. 150 Semarang
KC SEMARANG Jl. Pemuda No. 150 Semarang 024-3511506
KCP JL SUDIRMAN SEMARANG Jl. Jend. Sudirman NO.103 , Semarang 024-7623423
KCP GANG BESEN Jl. Gang Besen No. 20-22, Semarang 024-3546440
KCP BSB CITY Ruko Taman Niaga Bukit Semarang Baru (BSB) Blok E No. 3A, Semarang 024-76670611
KC SULTAN AGUNG Komp. Pertokoan Sultan Agung 1, Jl. Sultan Agung No. 55, Semarang 024-8315590
KCP UNGARAN SEMARANG Jl. Diponegoro No. 758, Ungaran 024-6925765
KCP SETIABUDI BANYUMANIK Ruko Setiabudi, Jl. Setiabudi No. 121 Kav 11, Kelurahan Srondol Kulon, Kecamatan 024-7466081
Banyumanik, Kota Semarang, Central Java Province
KC TEGAL Jl. Jend. Sudirman No. 40 Tegal 0283-358500
KCP PEMALANG Jl. Jendral Sudirman Timur No.31 Candramawa RT 004/004 Desa/Kelurahan South 0284-325800
Wanarejan Kecamatan Taman, Pemalang
KC KUDUS Jl. Dr. Lukmonohadi No. 65 Komp. Rukan Panjunan, Kudus 0291-432 841
KC PEKALONGAN Jl. Diponegoro No. 4 Pekalongan 0285-421337
KC PURWOKERTO Jl. Jend. Sudirman No. 660-662 Purwokerto 0281-638623
KCP CILACAP Jl. Ahmad Yani No. 77, Cilacap 0282-532133
KCP PURBALINGGA Jl. Jendral Ahmad Yani No. 63 Ruko No.3, Kelurahan Kandanggampang, Kecamatan 0281-891851
Purbalingga, Kabupaten Purbalingga, Central Java Province
KC SALATIGA Jl. Diponegoro Nomor 20, Kelurahan Salatiga, Kecamatan Sidorejo, Kota Salatiga, 0298-326280
Central Java Province
KC SOLO Jl. Slamet Riyadi No. 307 Solo 0271-722910
KCP PALUR Jl. Raya Palur No. 295, Desa Palur, Kecamatan Mojolaban, Kabupaten Sukoharjo, 0271-827584
Central Java Province
KCP URIP SUMOHARJO Jl. Urip Sumoharjo No. 29, Kelurahan Kepatihan Wetan, Kecamatan Jebres, 0271-632651
Kotamadya Surakarta, Central Java Province
KCP VETERAN Jl. Veteran No. 140, Solo 0271-656811
KCP ADI SUCIPTO Jl. Adi Sucipto No. 67E, Kelurahan Kerten, Kecamatan Laweyan, Kota Surakarta, 0271-743811
Central Java Province
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Highlights Report Profile and Analysis
Branch Name Address Phone
KCP SOLO BARU Jl. Raya Solo Permai LJ No. 36, Desa Madegondo, Kecamatan Grogol, 0271-7889566
Kabupaten Sukoharjo, Central Java Province
KC MAGELANG Jl. A. Yani No. 11 Magelang 0293-368111
KCP TEMANGGUNG Jl. Diponegoro No. 27, Kelurahan Temanggung I, Kecamatan Temanggung, 0293-492808
Kabupaten Temanggung, Central Java Province
KC YOGYAKARTA Jl. Jend. Sudirman No. 48 Yogyakarta 0274-561416
KCP JL MAGELANG Jl. Magelang No. 119 B Yogyakarta 0274-541751
KCP JL BRIGJEND KATAMSO Jl. Brigjend. Katamso No. 143 Yogyakarta 0274-389281
KCP GEJAYAN Jl. Gejayan CT X/22, Yogyakarta 0274-555606
KANWIL JATIM, BALI & Jl. Jembatan Merah No. 3, Surabaya 031-3520055, 3520057,
NUSA TENGGARA 3520058, 3520059,
3520064
KC SURABAYA Jl. Jembatan Merah No. 3, Surabaya 031-3520055, 3520057,
3520058, 3520059,
3520064
KCP PASAR ATUM Pasar Atum Mall Lt. 2 Stand BA 08-09, Jl. Stasiun Kota, Surabaya 031-3540819
KCP KEDUNGDORO Jl. Kedungdoro No. 74/B2, Surabaya 031-5320530
KCP MERR Ruko Promenade Kav 20 Jl Dr Ir Soekarno Kav 20 Baruk Rungkut Surabaya 031-87860868
KCP PAKUWON CITY Jl. Pakuwon Boulevard II AA2-07, Kelurahan Kejawan Putih Tambak, 031-5967019
Kecamatan Mulyorejo, Kota Surabaya, East Java Province
KCP KAPAS KRAMPUNG Jl. Kapas Krampung No. 188 Surabaya 031-5035418
KC MAYJEND SUNGKONO, Jl. Mayjen Sungkono No. 109 Surabaya 031-5671137
SURABAYA
KCP PEMUDA Gedung Sinarmas Land Plaza, Jl. Pemuda No. 60 - 70, Surabaya 031-5326475
KCP SUPER MAL PAKUWON Supermall Pakuwon Indah, Ruko The Terrace No. 07 - 08, Jl. Puncak Indah Lontar 2 031-7390434-7
Surabaya
KCP ARGOPURO Jl . Argopuro No. 53 A Surabaya 60251 031-5320537
KCP DARMO Jl. Raya Darmo No. 121 Surabaya 031-5672347
KCP CITRALAND SURABAYA Ruko G Walk Galeria Blok M No. 1, Citra Raya, Surabaya 031-7414394-99
KC JEMUR ANDAYANI, SURABAYA Jl. Jemur Andayani No. 19 Surabaya 031-8433620
KCP MAL GALAXY SURABAYA GD. Galaxi Mal Ground Floor No. 73 Jl. Darma Husada Indah Timur No. 37 Surabaya 031-5937175
KCP PONDOK CHANDRA Jl. Palem No. 22-23 Pondok Chandra Surabaya 031-8669531
KCP MANYAR Jl. Ngagel Jaya Selatan Blok D3 -D4 Surabaya 031-5043983/81
KCP KERTAJAYA Jl. Kertajaya No 198 Surabaya 031-5015741
KCP SIDOARJO Jl. Gajah Mada No. 14-16 Sidoarjo Surabaya 031-8962508/09
KC MOJOKERTO Jl. Jaksa Agung Suprapto No 30 Mojokerto 0321-383811
KCP MOJOSARI Kompleks Ruko Royal Mojosari Blok A, No. 10 or RA-10 0321-590811
Jl. Erlangga, Kecamatan Mojosari, Kabupaten Mojokerto, East Java
KC GRESIK, SURABAYA Jl. Veteran No. 1, Kompleks Plaza Matahari Blok A3-4, Gresik 031-3977933
KCP PERAK Jl. Perak Timur No. 192, Surabaya 031-3286445
KCP MARGOMULYO Jl. Margomulyo No.g Blok AA - 06 Surabaya 031-7494785
KCP TUBAN Jl. Basuki Rahmat No. 145, Tuban 0356-322017
KC JEMBER Jl. Gatot Subroto No 48 Jember 0331-484706
KCP BANYUWANGI Jl. A. Yani No.30, Banyuwangi 0333-418811
KC JOMBANG Jl. Merdeka No. 133-135 Jombang 0321-864532
KC KEDIRI JL.Hayam Wuruk No 20 B-C Kediri 0354-685582
KCP TULUNGAGUNG Jl. Jendral Sudirman No. 78, Tulungagung 66212 0355-335811
KCP BLITAR Jl. Veteran No.1, Blitar 0342-814811
KCP MADIUN Jl. Trunojoyo No. 28, Madiun 0351-467811
KC MALANG Jl. Basuki Rahmat No. 91-92 Malang 0341-368875
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Branch Name Address Phone
KCP SOEKARNO HATTA MALANG Jl. Soekarno Hatta A 10 Kav. 07, Komplek Ruko Soekarno Hatta Business Center, 0341-482002
Malang
KCP JL KAWI Jl. Kawi Malang No. 11 Malang 0341-365131
KC PROBOLINGGO Jl. DR. Sutomo No. 78 Probolinggo 0335-422384
KCP PASURUAN Jl. Panglima Sudirman No. 92A, Pasuruan 0343-419737
KC DENPASAR Jl. Udayana No. 1 Denpasar Bali 0361-237250
KCP GATOT SUBROTO DENPASAR Jl. Gatot Subroto Tengah No. 312 Denpasar 0361-411500
KCP JL SUDIRMAN DENPASAR Jl. Sudirman No.8 Denpasar Bali 0361-240411
KCP UBUD Jl. Raya Ubud Gianyar Bali 0361-976595
KCP SINGARAJA Jl. Dipenegoro No. 95 B Singaraja Bali 0362-21234-7
KCP SANUR Kompleks Ruko Sanur Raya No. 14, Jl. By Pass Ngurah Rai, Desa Sanur Kaja, 0361-274844
Kec. Denpasar Selatan, Kota Denpasar
KCP GIANYAR Jl. Dharma Giri No. 8 B, Gianyar Bali 0361-8958199
KC SUNSET ROAD, DENPASAR Jl. Sunset Road No 811, Kuta - Badung, Bali 0361-8477250
KCP KEROBOKAN Jl. Raya Kerobokan No. 58 Br. Taman, Kuta-Badung, Bali 0361-737737
KCP SESETAN Jl. Diponegoro No. 369, Unit D Kel. Pedungan, Kec. Denpasar Selatan, Denpasar, Bali 0361-4481558
KCP KUTA SQUARE Jl. Bakung sari Komp Pertokoan Kuta Square Blok E3 & 4 Kuta Denpasar Bali 0361-756671
KCP NUSA DUA Komp Pertokoan Tragia Nusa Dua Blok E 39-41 Denpasar Bali 0361-772072
KC KUPANG Jl. Siliwangi No. 35 Kupang 0380-822889
KC MATARAM Jl. AA Gde Ngurah NO 48 C-D Cakranegara Mataram Lombok 0370-635027
KANWIL KALIMANTAN Jl. Jend. Ahmad Yani No. 811 Kelurahan Klandasan Ilir Kec. South Balikpapan -
Balikpapan
KC BALIKPAPAN Jl. Jend. Ahmad Yani No. 811 Kelurahan Klandasan Ilir Kec. South Balikpapan - 0542-731176
Balikpapan
KCP BALIKPAPAN BARU Jl. MT. Haryono, Komp. Balikpapan Baru Blok B2 No. 1 Balikpapan 0542-875123
KCP KEBUN SAYUR Jl. Letjen Soeprapto RT 17 No. 24 Balikpapan 0542-735262
KCP BALIKPAPAN PERMAI Kompleks Pertokoan Balikpapan Permai, Jl. Jendral Sudirman No. 640 Balikpapan 0542-744330
KC TARAKAN Jl. Yos Sudarso No. 7 RT 13 Tarakan, North Kalimantan 0551-2028811
KCP KCP TANJUNG REDEB Jl. Durian I No. 41, Kelurahan Tanjung Redeb, Kecamatan Tanjung Redeb, 0554-26611
Kabupaten Berau, Kalimantan Timur
KC BANJARMASIN Jl. Lambungmangkurat no. 68 Banjarmasin 0511-4367711/6
KCP AHMAD YANI BANJARMASIN JL Ahmad Yani Km 2,5 No. 39 A, Banjarmasin 0511-3257811/3273760
KCP BANJAR BARU Jl. A. Yani Km. 37, Komplek rumah toko (ruko) Mawar Business Center Kavling 3, 0511-4777324
Banjarbaru
KC PONTIANAK Jl. Tanjung pura No. 128 Pontianak 0561-739220
KCP AHMAD YANI PONTIANAK Jl. Jendral Ahmad Yani No. B 34, Pontianak, Provinsi West Kalimantan 0561-768333
KCP SANGGAU Jl. Ahmad Yani No 60, Sanggau 0564-24599
KCP SINGKAWANG Jl. Pangeran Diponegoro No. 95 Kecamatan Pasiran Kelurahan Melayu, Singkawang, 0562-636809/636954/
West Kalimantan 636126/ 638251
KCP KETAPANG Jl. MT. Haryono No. 57 Kabupaten Ketapang, West Kalimantan 0534-34580/34578
/34594
KCP SINTANG Jl. MT. Haryono No. 8, RT. 01 RW. 01, Kelurahan Kapuas Kanan Hulu, Kecamatan 0565-24228
Sintang, Kabupaten Sintang, Kalimantan Barat
KC SAMARINDA Jl. Panglima Batur No.1-3-5 Samarinda 0541-732751/528
KCP PAHLAWAN Ruko Permata Kaltim, Jl. Pahlawan No. 6, Samarinda 0541-744811
KCP BONTANG Jl. Bayangkara No 88 Bontang 0548-23123
KCP ANTASARI SAMARINDA Jl. Pangeran Antasari No. 17, Kel. Air Putih Kec. Samarinda Ulu, Samarinda City 0541 7779981
KC SAMPIT Jl. Rahadi Usman No.3, Sampit, Kalimantan Tengah 0531-23464
KCP PANGKALAN BUN Jl Pangeran Antasari No. 128, Kelurahan Raja, Kecamatan Arut Selatan, 0532-28832
Kabupaten West Kotawaringin
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Branch Name Address Phone
KANWIL SULAWESI & IBT Jl. Kajaolalido No. 6, 3 Fl., Makassar
KC MAKASSAR Jl. Kajaolalido No. 6 Makassar 0411-3628515
KCP BANDANG Jl. Bandang No. 55 A Makassar 0411-3615315
KCP VETERAN SELATAN MAKASSAR Jl. Veteran Selatan No. 223A / 459, Makassar 0411-831811
KCP PERINTIS MAKASSAR Jl.Perintis Kemerdekaan Km 9, Komplek Ruko Gunung Mas Kavling 10, 0411-581811
Tamalanrea Jaya, Kecamatan Tamalanrea, Makassar City, South Sulawesi
KCP PANAKKUKANG Komp Panakkukang Mas Jl. Boulevard BL.F No. 5 C Makassar 0411-425116
KCP LATIMOJONG Jl. Gunung Latimojong No 87B, Kelurahan Lariangbangi, Kecamatan Makassar, 0411-3630200
Kota Makassar
KCP PASAR DAYA Jl. Kapasa Raya, Kompleks Pasar Grosir Daya Niaga Modern Blok RA No. 01 and 02, 0411-514699
Kota Makassar, Sulawesi Selatan
KCP CENDRAWASIH Jl. Cendrawasih, Ruko Cendrawasih Square Blok A/10, Kel Sambung, Kec Mamajang, 0411-877445
Makassar
KCP PALOPO Jl. Mangga No. 52 Kelurahan Lagaligo, Kecamatan Wara Kota Palopo, Province South 0471-351352
Sulawesi
KC MAMUJU Jl Diponegoro Kompleks Ruko Ponegoro Mas,Petak No.13-14, Kelurahan Karema, 0426-2323729
Kecamatan Mamuju, Kabupaten Mamuju, West Sulawesi
KC GORONTALO Jl. H. Nani Wartabone No. 32B-C, Gorontalo 96112 0435-828611
KC KENDARI Jl. H. Abdul Silondae No. 82-84, Kendari 0401-3127000
KC MANADO Jl. Kawasan Mega Mas Jl. Pierre Tendean Boulevard Blok I C1 No. 24,25,26 dan Blok I 0431-860543
C2 No. 27,28,29 Manado
KCP WALANDA MARAMIS Jl. Walanda Maramis Manado 0431-878395
KC PALU Komp Palu Plaza Blok I A B No 3-5 Jl. Danau Lindu Palu 0451-423789
KC AMBON Jl. Diponegoro No.75A Ambon 0911-354346/354343
KC TERNATE Jl. Mononutu No. 127 Desa/ Kelurahan Tanah Raja, Kecamatan Kota Ternate, 0921-3122811
Kabupaten Maluku Utara, Propinsi Maluku
KC JAYAPURA Jl. Percetakan Negara No. 8 Irian Jaya 0967-536712
KC SORONG Jl. Basuki Rahmat No 11 Sorong 0951-321412
PREMIER WEALTH
Branch Name Address
PW ALAM SUTRA Ruko Sutera Niaga 1 No. 36 – 37 Jl. Raya Serpong Tangerang 15310
PW BANDUNG MARTADINATA Jl. LL.RE. Martadinata No. 23 Bandung 40115
PW BOGOR Jl. Suryakencana No. 231, Lantai 2 Bogor 16126
PW CEMPAKA MAS Graha Cempaka Mas Jl. Letjend Suprapto Blok A 1-2 No. 33-34, Jakarta Pusat 10640
PW DENPASAR Jl. Udayana No. 1 Denpasar 80232
PW JUANDA (KOTA) JL Gajah Mada No.187. Kel.Glodok Kec.Taman Sari, Jakarta 11120
PW KELAPA GADING Jl. Raya Boulevard Barat Blok LC 5 No. 9-11 Kelapa Gading Permai Jakarta 14240
PW MAKASSAR Jl. Kajaolalido No. 6 Makassar 90111
PW MANGGA DUA MALL Gd. Mal Mangga Dua Blok RM No. 1-2, Mangga Dua Raya Jakarta 10730
PW MEDAN DIPONEGORO Gedung Sinarmas Land Lantai 2 Jl. Diponegoro No.18 Medan 20152
PW MEDAN PALANG MERAH Jl. Palang Merah No. 15 Medan 20152
PW PALEMBANG Jl. Kapten Rivai No. 1293 Palembang 30129
PW PANGLIMA POLIM Jl. Panglima Polim Raya No. 79 Jakarta 12160
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Branch Name Address
PW PERMATA HIJAU Jl. Perak Blok B No. 17 Lantai 2, Permata Hijau Jakarta 12210
PW PLUIT Jl. Pluit Kencana Raya No. 80 – 82, Blok D Kav. 34 Jakarta 14450
PW PONDOK INDAH PLAZA Jl. Metro Pondok Indah Kav II Blok UA No 65-66 Lantai 2 Jakarta 12310
PW PROKLAMASI Jl. Proklamasi No. 23 Jakarta 10320
PW PURI KENCANA Komp. Rukan Puri Niaga III Jl.Puri Kencana Blok M8 No. 1 JKL Jakarta 11610
PW SEMARANG Jl. Pemuda No. 150 Semarang 50132
PW SENTRAL SENAYAN 3 GEDUNG SENTRAL SENAYAN 3, LANTAI DASAR JL. ASIA AFRIKA NO. 8 JAKARTA 10270
PW SOLO JL. SLAMET RIYADI NO. 307 SOLO 57142
PW SURABAYA SINARMAS LAND PLAZA, LANTAI DASAR JL. PEMUDA NO. 60-70 SURABAYA 60271
PW SURABAYA SUNGKONO JL. MAYJEND SUNGKONO NO. 109 SURABAYA 60225
PW THAMRIN SINARMAS LAND TOWER 2, LANTAI DASAR JL. MH THAMRIN KAV.22 NO. 51 JAKARTA 10350
PW WISMA MULIA WISMA MULIA, LANTAI DASAR JL. JEND GATOT SUBROTO 42 JAKARTA 12710
SHARIAH BRANCH OFFICE
Branch Name Address Phone
KCS BANDA ACEH Jl. Panglima Polim No. 50-52, Banda Aceh 0651-26888
KCS DIPONEGORO MEDAN Jl. Diponegoro No. 18, Medan 061-4537888
KCS PALEMBANG Jl. Kapten Rivai No. 1293, Palembang 071-1311909
KCS JAKARTA Jl. Jatinegara Timur No. 59, Jakarta 021-2800811
KCS BANDUNG Jl. Asia Afrika No. 113, Bandung 022-4238010
KCS SEMARANG Jl. Brigjen Sudiarto No. 198 Blok DE, Ruko Maja Mas Semarang 0216-717205
KCS SURABAYA Jl. Juwo No. No. 5 Surabaya 031-566921
KCS BALI Jl. Sunset Road No. 811, Kuta, Kab. Badung Bali 0361-3003811
KCS KAJAOLALIDO MAKASSAR Jl. Kajaolalido No. 6, Makassar 0411-3636616
KCS BANJARMASIN Jl. Lambungmangkurat No. 68, Banjarmasin 0511-4367711
KCS CIREBON Jl. Siliwangi No. 49, Cirebon 0231-207060
KCS YOGYAKARTA Jl. Jend.Sudirman No. 48, Yogyakarta 027-4561416
KCS BALIKPAPAN Jl. Jend. Ahmad Yani No. 811, Balikpapan 0542-731176
KCPS DEPOK Jl. Margonda Raya No. 38, Depok, West Java 021-7751368
KCPS TANGERANG Jl. Daan Mogot No. 33, Tangerang 021-5513626
KCS PADANG Jl. Jendral Sudirman No. 14, Kota Padang, West Sumatra 0751-30811
KCS JAMBI Jl. Sutomo No. 54, Jambi 0741-32141
KCS MALANG Jl. Basuki Rahmat No. 91-92, Malang 0341-368875
KCS SAMARINDA Jl. Panglima Batur No.1-3-5 Samarinda 0541-732751
KCPS KELAPA GADING Jl. Kelapa Gading Boulevard Blok PA-19 No. 11 021-4514425
OVERSEAS BRANCH OFFICE ADDRESS
Branch Name Region Address Phone
One Indiabulls Centre, Tower 2B, 702, 7 Floor, Elphinstone
th
PT Bank Maybank Indonesia Tbk India +91 22 67303400
Road (West), Mumbai 400 013, India
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Management
Discussion
and Analysis
Macro Economic Overview 156 Transactions with Affiliated/Related Parties 214
Global Banking 160 Changes in Laws and Regulations That Have a Significant 215
Community Financial Services (CFS) 164 Impact on The Bank
Shariah Banking 176 Change in Accounting Policy 219
Maybank Finance 182 Compliance as a Taxpayer 220
WOM Finance 185 Marketing Aspects 221
Profitability By Segments 188 Business Outlook 223
Financial Review 190 Business Continuity 224
Consolidated Statement of Financial Position 190 Guidelines and Support of Maybank Group on The 2024 227
Business Sustainability Plan
Consolidated Statement of Incomes and Other Comprehensive 199
Incomes The Bank's Commitment to Environment, Social, and 227
Governance (ESG)
Consolidated Statement of Cash Flows 202
Results and Progress Achieved by Maybank Indonesia 228
Key Financial Ratios 203
Prime Lending Rate 204
Commitments and Contingencies 205
Other Material Information 205
Capital Structure 207
Investment Property 209
Material Commitment for Investment in Capital Goods 209
Realised Capital Investments in The Last Fiscal Year 209
Material Information and Subsequent Events 209
Comparison of Targets And Realisation in 2023 and Projections 209
for 2024
Dividend Distribution Policy 210
Employee And/Or Management Share Ownership Program 211
Realisation of The Use of Proceeds from The Public Offering 211
Important Changes in The Bank and Bank Business Groups in 212
2023
Prohibitions, Restrictions and Significant Constraints on The 212
Transfer of Funds Between The Bank and other Entities in The
Group
Provision of Funds, Commitments, and Other Facilities 212
Other Significant Transactions in Significant Amounts 212
Information on Transactions Related To Investment, Expansion, 213
Divestment, Acquisition, and Restructuring
Material Transactions That Contain Conflicts of Interest and 213
Transactions With Affiliated Parties/Related Parties
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Macroeconomic
Review
As one of Indonesia's leading private banks,
Maybank Indonesia continues to offer a diverse range
of products and services to individual
and corporate customers.
GLOBAL MACROECONOMY The economies of the United States (US) and India continue
The global economy is slowing, with uneven development. to thrive, fueled by household consumption and investment.
Economic activity remains far from pre-pandemic levels, Meanwhile, China's economy is faltering as consumer spending
particularly in developing countries and markets. Despite and investment remain low due to a deteriorating property
showing resilience at the start of the year, spurred by pent-up sector and limited fiscal support. Inflation in leading economies,
demand, particularly in the services sector, economic activity notably the United States, continues to fall, albeit remaining
continued to fall in line with weaker global demand, influenced above target. However, due to its considerable exposure to
by high interest rates. geopolitical crises in numerous locations, the Eurozone (EA)'s
economic recovery could be faster. Meanwhile, China's inflation
In general, several factors influence global economic growth, rate fell as economic growth slowed. The cycle of growing
including ongoing geopolitical tensions in several regions, monetary policy interest rates in industrialised countries,
economic weakness in several key countries, including China, including the FFR, is expected to cease. However, it will continue
and the timing and magnitude of monetary interest rate cuts in high in the first semester of 2024 before perhaps dropping in the
developed countries, particularly the Fed Funds Rate (FFR). The second half of 2024.
International Monetary Fund (IMF) forecasts global economic
growth of 3.0% year on year in 2023, the same as in July 2023, Government bond yields in industrialised countries, notably US
but slower than 3.5% in 2022 (IMF, WEO October 2023). Treasuries, have gradually dropped but remain high, reflecting
the long-term risk premium (term premia) associated with the
amount of fiscal financing and US government debt. Pressure
to strengthen the US dollar exchange rate against major
international currencies has also decreased. These improvements
promote ongoing foreign capital inflows and relieve pressure
on declining currency rates in emerging nations, including
Indonesia.
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Global economic divergence strengthens ASEAN's position as a driver of fresh economic In December 2023, CPI inflation was
growth. The Asian emerging countries' economic performance is expected to increase at 2.61% (yoy), within the range of 3.0±1%,
4.7% year on year, with a relatively low inflation rate of 5.6%, owing to strong domestic and lower than the previous year's
demand. This is reflected in consumption and investment, which remain robust in several rate of 5.51%. The fall in inflation was
countries, including the ASEAN area (ADB, September 2023). impacted by the persistence of various
inflation components as a direct outcome
World GDP Growth of Bank Indonesia's sustained pro-
stability monetary policy and the strong
(%)
coordination between Bank Indonesia's
Country 2023 2022
policies and those of the Central and
World 3.0 3.5 Regional Governments. Meanwhile,
Developed Country 1.6 2.6 monetary policy transmission is running
United States 2.3 2.1 well, with money market interest rates
Euro Zone 0.6 3.3
(IndONIA) moving within the BI-Rate
range of 5.81% on 16 January 2024
Japan 1.5 1.0
(BI, Quarter IV 2023 Monetary Policy
Developing Country 4.0 4.1 Report).
China 5.2 3.0
India 6.7 7.2
ASEAN-5 4.4 5.5 Indonesian GDP Growth
Source: Indonesia Economic Report 2023 in the Latest 3 Years
(%)
5.31 5.05
INDONESIAN MACROECONOMY
Indonesia's economic recovery continues, underpinned by domestic demand. Domestic 3.70
GDP growth in 2023 is expected to be 5.05%, up from 5.31% in 2022, according to the
BPS-Statistics Indonesia. This achievement was fueled, among other things, by household
consumption and investment in response to the acceleration of government spending
at the end of the year, the positive impact of holding general elections, and increased
investments, particularly in construction, in response to the completion of several 2021 2022 2023
National Strategic Projects (PSN) and the continued development of PSN, including the
new Nusantara Capital City (IKN).
Meanwhile, export growth is expected to be muted due to the global economic
slowdown and dropping commodity prices. The trade balance surplus in January-
December 2023 reaching US$36.93 billion. This was influenced by the export
performance of downstream products, especially mineral and coal (nickel, copper, tin,
and bauxite).
The Rupiah exchange rate was relatively stable until 16 January 2024, weakening by
1.24% from the end of December 2023, owing to Bank Indonesia's (BI) stabilisation
policy and the return of foreign portfolio inflows, which were consistent with the
continued attractive returns on domestic financial assets and Indonesia's positive
economic outlook. The Rupiah fared better than other regional currencies, including as
the Malaysian Ringgit, Thai Baht, and South Korean Won, which fell by 1.95%, 2.82%, and
3.24%, respectively (BI, Fourth Quarter Monetary Policy Report, 2023).
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5.05% 2.61% 4.82%
Economic Growth 2023 Inflation 2023 Household Consumption Growth
2.95% 1.65% US$ 146.4 billion
Government Consumption State Budget deficit to GDP Foreign Exchange Reserves
Growth 2023 2023 2023
BANKING INDUSTRY OVERVIEW Banking liquidity capacity (lending capacity) is also enhanced by
Banking credit in 2023 remained strong, boosting domestic expanding pro-market monetary operations techniques, such as
economic development. Credit growth was 10.38% year on year, trading Bank Indonesia Rupiah Securities (SRBI) in the secondary
within the higher range of Bank Indonesia's 9-11% expectation market, which gives banks more flexibility in managing liquidity.
band. This success is consistent with the strong performance Meanwhile, the banking non-performing loan (NPL) ratio
of businesses and households, and it is driven by banks' risk remained low at 2.19% (gross) and 0.75% (net). Overall, high
appetite and well-maintained liquidity capacity. Credit growth banking resilience is backed by businesses and consumers'
was mostly noticeable in the expansion of investment loans and sustained strong repayment capability, which is consistent
working capital loans, which increased by 12.26% and 10.05%, with improving corporate performance and household income
respectively. By economic sector, credit growth was primarily expectations.
driven by the performance of the Transportation, Social Services,
Trade, and Electricity, Gas, and Water sectors. In December 2023, The digital economy and financial transactions continue to
Sharia funding increased by 15.80% year on year, while MSME thrive, aided by a secure, efficient, and dependable payment
credit increased by 8.03%. infrastructure. In 2023, the value of digital banking transactions
was Rp58,478.24 trillion, up 13.48% year on year, and is expected
Banking resilience is robust, as evidenced by the capital adequacy to rise 9.11% year on year to Rp63,803.77 trillion by 2024.
ratio (CAR), which reached a high of 27.86% in November Meanwhile, the transaction value of Electronic Money (EU)
2023. Banking liquidity remains adequate, as evidenced by increased 43.45% (yoy) to Rp835.84 trillion, and is expected to
the December 2023 ratio of liquid assets to third-party funds rise 25.77% (yoy) to Rp1,051.24 trillion in 2024.
(AL/DPK), which stays strong at 28.73%. Maintaining banking
liquidity is consistent with the sustained high level of placements
in liquid marketable securities and the implementation of the
Macroprudential Liquidity Incentive Policy (KLM).
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QRIS transactions increased 130.01% (year on year) to reach Rp229.96 trillion, with 45.78 million users and 30.41 million merchants,
the majority of whom were MSMEs. Meanwhile, the value of payment transactions using ATM cards, debit cards, and credit cards was
Rp8,178.69 trillion, a 0.81% decline year on year. In terms of Rupiah currency management, the amount of currency in circulation (UYD)
in December 2023 increased by 7.33% year on year to Rp1,101.75 trillion (BI, Monetary Policy Report Quarter IV 2023).
MAYBANK INDONESIA POSITION IN THE INDONESIAN BANKING INDUSTRY
As one of Indonesia's leading private banks, Maybank Indonesia continues to offer a diverse range of products and services to individual
and corporate customers through Community Financial Services (Retail Banking and Non-Retail Banking), Global Banking, Sharia
Banking, and automotive financing through its subsidiaries, WOM Finance for motorcycles and Maybank Finance for cars. Maybank
Indonesia is additionally striving to improve its Digital Banking services and capacity through the M2U ID App, M2U ID Web, and other
channels.
Maybank Indonesia is also a member of the Malayan Banking Berhad (Maybank) group, one of ASEAN's leading financial services
providers. As of December 31, 2023, Maybank Indonesia has 337 branches in Indonesia, including Sharia branches, one overseas branch
in Mumbai, India, 22 KCP Mobile, and 765 ATMs (including 26 Cash Recycle Machines), which are linked to over 20,000 ATMs in the ATM
PRIMA, ATM BERSAMA, ALTO, and CIRRUS networks, as well as 3,500 Maybank ATMs in Singapore, Malaysia, and Brunei. Maybank
Indonesia manages Rp115.5 trillion in customer deposits and Rp171.8 trillion in total assets.
Maybank Indonesia's position in the banking industry in Indonesia can also be seen from the Bank's market share in terms of total assets,
lending, and customer deposits, respectively recorded at 1.5%, 1.6% and 1.4% as of December 2023, with detailed information as follows:
in billion Rupiah, unless stated otherwise
Description 2023 2022 2021
Asset Industry 11,765.83 11,113.32 10,112.30
Maybank Indonesia 171.80 160.81 168.71
Market Share 1.5% 1.4% 1.7%
Financing Industry 7,186.94 6,497.62 5,820.64
Maybank Indonesia 116.00 107.82 101.77
Market Share 1.6% 1.7% 1.7%
Third Party Funds Industry 8,457.93 8,153.59 7,479.46
Maybank Indonesia 115.50 105.71 114.90
Market Share 1.4% 1.3% 1.5%
Source: Indonesian Banking Statistics (SPI) and the Bank’s Audited Financial Statements
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Global
Banking
In 2003, Global Banking loans reach Rp41.7 trillion,
increased by 2.6% from Rp40.6 trillion in 2022,
driven by an increase in loans to Financial Institutions.
World economic growth has slowed due to uncertainties in services for corporate customers, and it formed partnerships
the global economy, such as the continuation of geopolitical with several top-tier companies, including state-owned
tensions and economic weakness in a number of major countries, enterprises, to assist infrastructure financing and non-retail
including China, as well as the certainty of the timing and customers in the CFS segment. In addition, Transaction Banking
magnitude of the decline in developed countries' monetary increased the penetration of trade finance products and launched
interest rates, particularly the Fed Funds Rate (FFR). Meanwhile, bundling programmes to boost Current Account balances.
Indonesia's economic recovery remains bolstered by strong
domestic demand, a trade balance surplus, and manageable To show gratitude to our customers, Transaction Banking also
inflation. provided souvenirs to selected customers who had supported
Maybank Indonesia during National Customer Day 2023.
Despite the economic challenges of 2023, Global Banking
continued to perform well, with total loans reaching Rp41.7 TRADE FINANCE
trillion, driven by an increase in loans to Financial Institutions. Maybank Indonesia offers financing solutions for trade finance
Global Banking loans increased by 2.6% from Rp40.6 trillion in transactions and improves services by making it easier for export
2022. This is consistent with the continued increase in trading customers to submit export documents for processing in advance
and business activities, which has fueled the demand for through web-based TradeConnex. In order to improve product
financing. completeness for customer needs, Invoice Financing products
are being developed, specifically Seller Receiveable Financing
TRANSACTION BANKING products with buyer approval.
Maybank Indonesia provides a wide range of facilities and
services, including Letter of Credit (L/C) issuance, Bank
Guarantee, and Cash Management Services, which include
internet banking e-channel solutions (CoOLPAY, Maybank 2
Enterprise, and TradeConnex). The Bank also improves its digital
services by introducing Application Programming Interface (API)
Inquiries for non-retail customers, e-Custody, Securities Services,
and other features.
In 2023, Transaction Banking continued its transformation by
increasing customer product ownership through collaboration
with all product partners and business units, as well as providing
a diverse range of banking solutions tailored to customers' needs.
Transaction Banking also continued to improve facilities and
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Maybank Indonesia also offers special programmes to support This programme includes the CoOLPAY (Corporate Online
customers with their trade transactions, such as reward Payment) facility, which is an internet-based payment system
programmes for new Trade Finance customers, fee discount that serves as a payment gateway for a variety of business
programmes for customers who use Bank Guarantee services, processes such as supplier financing, distributor financing, IB
and reward programmes for customers who increase the volume Buyer Kafalah financing through CoolPay (CoolPay Kafalah), and
of trade transactions at the end of the year. This is done to electronic billing.
boost revenue growth and trade transaction volume. Maybank
Indonesia also offers Maybank E-Gurantee, which supplements SECURITIES SERVICES
services and guarantees customers. Post the COVID-19 pandemic as also the current situation in
the Indonesian Capital Market, which is still in recovery period,
CASH MANAGEMENT Maybank Indonesia, as Custodian Bank, in 2023 continued to
Maybank Indonesia's Cash Management provides end-to- focus on strengthening technology infrastructure by performing
end solutions for corporate customers to effectively manage several modifications, system enhancements, or work flow
the Company's cash flow so as to improve and optimise the simplifications. The process of upgrading the framework and
Company's efficiency and business competitiveness. In 2023, database to the latest updated version of the core Custodian
Maybank Indonesia supported one of the initiatives from Bank system was successfully completed. This effort was made to
Indonesia by becoming one of the Agent Banks for TD Valas DHE. ensure that the Custodian system works faster, safe and has
positive impact in accelerating daily work processes while at the
Cash management Maybank Indonesia also provides programmes same time, mitigating operational risks and addressing cyber
that support the improvement of digitalisation, transactions, security concerns.
funds, and rewards for all customers, among others, through
a free transaction fee programme via the Maybank2E (M2E) Collaboration with the Sharia Business Unit on sharia capital
electronic channel, a special Current Account service of IDR and market products continues, as well as collaboration with
USD programme for selected customers, a reward programme Maybank Global Market related to sharia and Government
for new Cash Pick Up service users, and a special programme Securities product and other securities which currently becoming
to support the implementation of Local Currency Settlement more attractive to the younger generation. Collaboration with
(LCS) between Indonesia – Thailand, Indonesia – China, and the FIG is continued to provide more comprehensive capital
Indonesia – Malaysia. Furthermore, in collaboration with other market product solutions for increasing customer satisfaction.
units, Maybank Indonesia Cash Management assists customers
in managing Natural Resources Export Proceeds by launching GLOBAL MARKETS
the DHE SDA programme, which offers a variety of added value Global Markets offers a diverse range of banking products to
to customers, including special current account services, time both individual and corporate clients, including foreign exchange,
deposits, and back-to-back loans, as well as free transaction fees. fixed income, derivatives (hedging), structured products, and
other services.
Through the services and programmes implemented in 2023,
Cash Management Maybank Indonesia aims to increase the
Current Account (CA) Balance, Net Interest Income (NII), and Fee
Base Income (FBI) for Maybank Indonesia.
ya LCS
bebas bia
io ng k o k Yuan
T
FINANCIAL SUPPLY CHAIN MANAGEMENT
Supply Chain Financing is a leading financing service that
serves communities from upstream to downstream, including
Kirim uang ke Tiongkok semakin mudah & banyak keuntungannya!
producers, distributors, suppliers, resellers, and retailers. Nikmati program spesial biaya Local Currency Settlement (LCS)
Indonesia dan Tiongkok di Maybank.
Syarat & ketentuan:
Maybank Indonesia collaborates with core/principal companies • Berlaku hanya untuk pengiriman dana dalam mata uang China
Yuan (CNY) dengan tujuan negara Tiongkok.
• Berlaku untuk pilihan Bank Koresponden Maybank Shanghai
to provide financing, including the Distributor Financing (MBBECNSH).
• Nikmati bebas biaya selama periode program. Anda tidak dikenakan
biaya sebagai berikut:
Programme, Supplier Financing, Kafalah IB Buyer Financing ⋅ Biaya transfer sebesar Rp90.000,-.
⋅ Biaya Bank Korensponden full amount (OUR) senilai CNY180.
• Transaksi hanya dapat dilakukan di cabang Maybank.
through CoolPay (CoolPay Kafalah), and other banking services. Periode hingga 31 Desember 2023
www.maybank.co.id/remittanceCNY
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The year 2023 remains challenging for Global Markets. Rising products as key differentiators. Maybank Indonesia, through
global interest rates, followed by, rising domestic interest rates, Global Markets, will also maximise its status as an Appointed
have put further pressure on Global Markets' performance. This Cross Currency Dealer (ACCD) bank to expand its market share in
has resulted in an increase in costs of funding during 2023, and a Local Currency Settlement (LCS) transactions involving Ringgit,
decline in the market value of securities assets held. Baht, and Yuan.
The high cost of fund put pressure on the performance of trading Global Markets will continue to strengthen collaboration with
and investment in interest rate instruments such as securities in other product units in the form of bundling products, so as to
2023. On the other hand, Global Markets sales managed to book provide additional benefits to customers, especially in terms of
significant revenue supported by the sale of several products to pricing and transaction costs. In addition, it will also strengthen
customers, such as Structured Products, Derivatives, Securities, its branding to become one of the leaders in its field and utilise
and Foreign Exchange. the full support of its parent company Malayan Banking Berhad,
in terms of fulfilling the funding and liquidity aspect for the Bank.
In 2024, Global Markets will continue to digitise and develop
transaction systems and platforms, which allow customers to Maybank Indonesia through Global Markets has consistently
obtain real-time pricing on forex and secondary bond, leveraging become a primary dealer in fixed-income products, allowing
the convenience of online transactions, and reducing the customers to benefit from bond transactions at more competitive
process of customers do transaction settlements and document price. Global Markets continues to be committed to improving
submissions at branch offices. In terms of product development, the quality of service to customers, providing easy access to
Global Markets continues to be committed to becoming a all products offered, and always up-to-date with innovative
Bank that is able to provide custom-solution products to meet products that can provide solutions to the increasingly diverse
customer needs, including the development of several structured needs of customers.
2023 STRATEGY FOCUS
Throughout 2023, Global Banking implemented various initiatives focused on the business strategy, as follows:
Strategy Focus Initiative
Intensification of Customer Centricity Enhancing the market share of Global Banking by:
• Focusing on attractive sectors to drive optimal returns and capture performance growth, such as
Telecommunications, Automotive, Construction Materials, and others.
• Conducting a review of risk appetite, including but not limited to project financing.
Acceleration of Digitisation and Increasing Fee Income in the Global Markets segment through Sales (Franchise) growth and Transaction
Modernisation of Bank's Technology & IT Banking segment growth by:
Infrastructure • Enhancing customer loyalty through transactional ease via digitisation.
• Launching new open banking capabilities through API for non-retail to fully engage customers.
Regional Growth as One Maybank Promoting active financing through syndication with Maybank Sekuritas, including collaborations with
other financial institutions.
Promoting Sustainable Growth Incorporating an ESG roadmap to support customers' transition to sustainable practices.
Continuing the Strategy of Shariah First Leveraging the strength of Islamic Banking through
• Introducing enhanced Ijarah/IMBT that allows for a more flexible payment profile (IMFZ – Ijarah
Maushufah Fi al-Zimmah).
• Digitalisation of Shariah Trade Products to increase trade volume and fee income (Kafalah Coolpay).
Maintaining High-Quality Assets Proactively managing the loan portfolio to identify potential vulnerable accounts and taking early actions
to mitigate potential increases in credit costs.
2023 PERFOMANCE AND ACHIEVEMENT
Loans
In 2023, the total Global Banking loans amounted to Rp41.7 trillion, showing a 2.6% increase from Rp40.6 trillion in 2022. This
achievement is mainly attributed to the Financial and Insurance Activities sector, reaching Rp12.4 trillion, followed by Utilities and
Infrastructure sector , with total financing amounting to Rp10.5 trillion, as well as Mining & Quarrying sector which stood at Rp6.6
trillion. In 2023, the increase in Global Banking credit growth by portfolio was particularly driven by the Financial Institution portfolio,
which has grown by 87.9% on an annualised basis.
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Loans by Economic Sector Loans by Portfolio
Transfortation
Telecommunication,
& Storage
Media and Technology
2% Overseas Financial
2%
Automotive 1% Institution
Real Estate Local Large
Activities 0% Corporate 34%
5% 22%
Mining and Utilities &
Quarrying Infrastructure
16% 25%
Education, Health Wholesale and
2023 2023
& Other Services Retail Tarde
0% 1%
Agriculture, Forestry
and Fishing
3%
State
Financial & Insurance Owned
Manufacturing Activities Enterprises
15% 30% 43%
Construction
1%
Transfortation
Telecommunication,
& Storage
Media and Technology
3% Overseas Financial
2%
Automotive Local Large 1% Institution
Real Estate
Activities 1% Corporate 19%
4% 23%
Mining and Utilities &
Quarrying Infrastructure
23% 31%
Education, Health
& Other Services
2022 Wholesale and
Retail Tarde
2022
0%
0%
Agriculture, Forestry State
Manufacturing and Fishing Owned
13% 8% Enterprises
Financial & Insurance 57%
Construction Activities
1% 14%
Deposits
Global Banking's total customer deposits in 2023 amounted to Rp30.4 trillion, a significant increase of 25.4% from Rp24.3 trillion in
2022. This was mainly driven by an increase in low-cost funds (CASA) by 18.1% and time deposits by 30.0%, in line with the Bank's focus
on strengthening liquidity by enhancing customer operational accounts through comprehensive cash management and digital banking
solutions. The Low-Cost Funds (CA) ratio of customer deposits was recorded at 36.57% from 38.82% in the previous year.
2024 GLOBAL BANKING DEVELOPMENT PLAN AND STRATEGY
In 2024, Global Banking has set the following strategic focus and initiatives as follows:
1. Reach loan growth by focusing on additional new customers and Relationship Manager productivity improvement by leveraging
Maybank Group's strong presence in the regional;
2. Expand the Financial Institution Business Ecosystem throughout Maybank Group;
3. Intensify cross-border collaboration synergies and deepen existing relationships;
4. Achieve fee-based growth by focusing on trade & cash management transactions through an end-to-end solution and also leveraging
Maybank Group (Inbound & Outbound).
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Community
Financial Services (CFS)
Maybank Indonesia, through CFS segment, continues
to improve the banking intermediation function and strives
to achieve sustainable business growth and continuous service
improvement in order to win the competition and expand
the Bank’s market share.
Maybank Indonesia provides a variety of financial service CFS NON RETAIL
solutions for Retail, SME, and Business Banking customers in the
Community Financial Services (CFS) segment. CFS is one of the FOCUS AND INITIATIVES IN 2023
Bank’s main business pillars that exists in all Maybank Indonesia Maybank Indonesia's CFS Non Retail includes Business Banking,
branch offices. Small and Medium Enterprise Plus (or those classified by the
bank as SME+), and Retail Small and Medium Enterprises (RSME).
In order to grow and develop, CFS is supported by product Throughout 2023, CFS Non-Retail implemented a variety of
development and innovation teams, as well as the digital banking programmes, projects, and initiatives aimed at continuing to
network, portfolio management, and other support teams at grow the business, including the following:
the head office. Throughout 2023, CFS has distributed a variety 1. Increase penetration through the empowerment of various
of the best banking products and services to individuals, small networks in focus industry sectors of each business segment.
and medium-scale businesses, and growing communities in 2. Strengthen relationships with customers to increase share of
Indonesia. Maybank Indonesia, through the CFS segment, wallet and customer banking transaction activities through
continues to improve the banking intermediation function and the Bank by empowering data centers for cross-selling and
strives to achieve sustainable business growth and continuous enforcing account planning discipline.
service improvement in order to win the competition and expand 3. Establish cooperation and collaboration with partners and
the Bank’s market share. business communities to increase new sources of credit
growth & build a financing ecosystem.
4. Continue the development of digitalisation and internal
process improvement in order to accelerate the fulfillment of
customer needs (Speed to Market).
5. Continue fund growth focus on increasing customer financial
transactions through offering integrated banking solutions
by utilising digital banking.
6. Continue collaboration with Trade Finance, Treasury, and
Wealth Management teams to increase product penetration
to CFS Non-Retail customers and increase the portion of
non-interest income to total operating income.
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RSME BANKING SME+ BANKING
Maybank Indonesia has a Retail Small and Medium Enterprises With a deep understanding that growing SME customers have
(RSME) Banking business segment that distributes loans to different financial needs than the larger SMEs, the Bank had
SMEs with a fast and easy process as well as flexible interest established, SME+ Banking segment, which focuses on customers
rates. By emphasising Fast & Hassle Free, RSME Banking with sales turnover of up to Rp400 billion. SME+ Banking
continues to support customers' businesses as they rapidly grow. customers are individuals or medium-sized companies with
Banking products and services for SME entrepreneurs include family-based founders and management and local operational
short- and long-term loans/ financing, for both working capital networks. By focusing on developing relationships with these
and investment, as well as deposits facilities in the form of businesses, the Bank has been able to cross-sell and assist them
savings, current accounts and deposits, cash management, and with cash management services and other facilities that benefit
investments. their operations, employees, suppliers, and customers.
The Bank provides services to SME customers through a network To improve competitiveness, during the year the Bank updated
of Bank branch offices spread throughout Indonesia, supported its systems and services with a more efficient and effective Turn
by competent RSME Relationship Officers. In addition to the Around Time (TAT), which was complemented by comprehensive
branch network, customers can also access banking services and targeted financial products and solutions.
digitally through M2U and/or M2E, wherever they are.
BUSINESS BANKING
The Bank also continues to develop information technology Maybank Indonesia, through Business Banking, provides banking
infrastructure to refine internal processes. SME loan facilities and relationship management solutions for larger domestic
are processed through the Loan Origination System (LOS) with commercial companies with sales turnovers of more than Rp400
embedded Application Scorecard and Behaviour scoring. This billion. It focuses on providing comprehensive financial services
technology supports efficient end-to-end credit processes and both vertically and horizontally to provide optimal benefits
process automation to reduce human intervention without for customers and gain the maximum share of wallets from
compromising prudential principles. In addition, technology customers. The products and services offered to customers are
also empowered the Bank's SME officers to optimise customer not limited to business loans and fund facilities. Business Banking
relationships, one of which is in the form of data analytics, which also collaborates with the retail segment and Global Banking, in
helps to increase customer transaction activities through the order to fulfil the needs of corporate bodies, boards, employees,
Bank. and their supply chains.
Throughout 2023, Maybank Indonesia actively organised various Maybank Indonesia understands the huge need for banking
activities for customers, both online (webinars) and offline, services for cross-border economic relations between Indonesia
with relevant topics. This aims to support and enrich customers' and Japan. Therefore, Maybank Indonesia continues to improve
knowledge, especially in developing their businesses. the provision of financial solutions and banking services
to Japanese companies operating in Indonesia through the
International Strategic Business division, which is dedicated
to providing financial solutions and banking services to these
companies, ranging from retail to corporate banking.
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CFS NON-RETAIL PERFORMANCE AND ACHIEVEMENTS 2023
Maybank Indonesia continues to expand in the non-retail segment by focusing on financing distribution. In 2023, CFS Non-Retail loan
demand grew by 9.3% amidst the improving Indonesian economy. The Business Banking segment grew 12.8%, driven by new customer
growth and more competitive pricing. The RSME segment continued to show consistent positive growth since quarter 2 of 2022 and, by
the end of 2023, grew by 9.7% to Rp13.9 trillion. Meanwhile, SME+ loans managed to grow positively amidst intense competition in the
segment and grew by 1.6%.
In detail, the following table explains the achievement of CFS Non-Retail performance in 2023 and the previous years:
Description (in Rp trillion) 2023 2022 2021
Business Banking Loans 11.8 10.5 12.0
SME+ Loans 5.1 5.0 5.2
RSME Loans 13.9 12.7 12.2
PLANS AND STRATEGIES FOR 2024
In 2024, CFS Non-Retail intends to pursue various initiatives,
plans, and strategies to seize business opportunities and
maintain the Bank’s growth, including:
• Continuing the growth of MSME financing with a focus on
increasing sales force productivity and empowering Sharia
financing and digitalisation.
• Development of digital financing through Digital Loan and
community-based financing
• Deepening relationships with customers to increase the
share of wallet and customer banking transaction activity
through the Bank, through data centre empowerment for
cross selling and account planning discipline.
• Sharpening collaboration between Head Office team and
branch network in terms of new customer acquisition and
business relationship development with existing customers.
• Continuing collaboration with Trade Finance, Treasury and
Wealth Management teams to increase product penetration
to CFS Non-Retail customers and increase the portion of
non-interest income to total operating income.
CFS RETAIL
FOCUS AND INITIATIVE 2023
During 2023, Maybank Indonesia implemented various strategic focuses and initiatives to enhance business growth as follows:
Acceleration of Digitalisation
1 Intensification of
Customer Centricity 2 and Modernisation of Bank’s IT
Infrastructure and Technology
3 Grow Regionally as One
Maybank
• Accelerating the growth of Mortgage • Development of Digital Wealth, • Collaboration with Maybank
(KPR) in the secondary market and Digital Liabilities, Digital Asset Management in the
increasing cross-sell Lending, Digital Payment, and issuance of CPF and in the
• Encouraging new acquisitions in Digital Platform features at the opening of RDN with Maybank
Credit Card and Personal Loan (KTA) M2U apps Sekuritas Indonesia
through digital channels and co- • Integration (API) and • Encouraging all branch
branding initiative providing a single connection offices to promote referral to
• Developing and refining unique to subsidiaries and sister subsidiaries
value proposition through micro- companies through the M2U • Initiating a micro-insurance
segmentation and One Maybank apps business with ETIQA ID
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MASS BANKING Maybank Indonesia, through Priority Customer Service,
Mass Banking is a banking service provided by Maybank maintains its customer-centric focus by offering a variety of
Indonesia for customers in general, and as a media for them to Wealth Management products. In addition, Maybank Indonesia
perform financial management. This service also serves as one has collaborated closely with PT Allianz Life Indonesia in
of the many entry points to introduce customers to Maybank providing protection products, as well as all Investment
Indonesia’s diverse and comprehensive product range, such as Managers, to meet non-interest income targets.
Wealth Management, Credit Card, Mortgage, and Personal Loan
products. This Priority Customer Service, which has exclusive branches,
offers special facilities and quality investment product offerings
WEALTH MANAGEMENT designed as alternative financial solutions to serve and meet
Maybank Indonesia offers services in the Wealth Management, the needs of premier customers. Wealth Management services
which is classified into Privilege, Priority customer segments and provide comprehensive benefits that are personally delivered by
Premier, Bancassurance and Mutual Fund Investment Products. competent, professional, and licenced Relationship Managers
(RMs) to help customers manage their finances.
PRIVILEGE
Privilege is one of Maybank Indonesia’s customer segments, Since 2015, Maybank Indoensia has implemented a premier
focusing on individual customers with a minimum placement strategy by improving the effectiveness and efficiency of
fund of Rp50 million to less than Rp500 million. The Bank segmentation strategies, particularly for Priority Customer
understands that the needs of individual customers with such Services, the Bank's customer-centric step to provide the best
wallet sizes require more comprehensive financial services than possible service to customers. The Bank also provides a variety of
those with wallet sizes below Rp50 million. As such, it is deemed products to meet the needs of each segment of the Bank.
necessary to provide them with personalised services through
face-to-face touch points. The Bank allocates a dedicated The investment instruments available include government bonds,
salesperson (“Personal Financial Advisor,” or PFA) to attend to retail general insurance, open-end mutual funds, including but
the banking needs of these customers. not limited to money market funds, fixed income funds, equity
funds, and closed-end funds, both conventional and sharia, that
Through PFA, the Bank provides comprehensive financial have been specifically designed to provide optimum returns in
solutions for customers, including funding, lending, and wealth the short- and long-term horizons. The products cover a wide
management services. The Bank continues to increase the range of asset classes, including money market, fixed income,
number and supervision of PFAs to reach Privilege segment stocks, and closed-end mutual funds, both conventional and
customers, increase wallet size, and also cross-sell the Bank’s Sharia. Maybank Indonesia has specifically designed these
financial solutions. This step emphasises the Bank’s customer- products to provide the optimum possible short- and long-term
centric approach in order to provide optimal services. returns based on customer risk profiles. The Bank also provides
bond products issued through the Government of the Republic of
The services provided include a series of funding, lending, and Indonesia's initial offerings, both conventional and Sharia, such
wealth management programmes, including the Maybank GIFT, as retail bonds (ORI, SR, SBR, ST, FR) as well as INDON, INDOIS
Arisan Programme, White Card Credit Card Programme, KPR with a USD denomination, as product options that customers can
Programme, KPM Programme, bancassurance, and investment choose based on their needs and risk profile.
programme that have all been specifically designed to provide
high returns in the short and long term.
PRIORITY CUSTOMER SERVICE – PREMIER
Premier is the Priority Customer Service offered by Maybank
Indonesia, aligning with the Bank's transformation to be fully
integrated with the Maybank Group. Priority Customer Service
for premier customers demonstrates consistent and substantial
development from previous years.
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Maybank Indonesia also has a selection of bancassurance also provides access for customers to invest in overseas capital
products, both with a reference business model such as Unit markets, such as in America, Europe, and Asia, through several
Link products and with a distribution business model such as Sharia-based mutual funds, along with the appropriate risk
traditional insurance products. management to suit the customer’s risk profile.
In 2023, the Premier segment was able to post Asset Under 2023 Initiatives
Management (AUM) of Wealth Management products with Maybank Indonesia has launched several Mutual Fund products
a growth of 20% over the last 3-year period (2021-2023). The to provide investment solution options for customers, including:
highest growth occurred in investment products by 25%, 1. ESG-themed Mutual Fund that invests in domestic equity
followed by Bancassurance by 5%. Along with the growth of assets by selecting issuers that are committed to ESG
AUM, Non Interest Income has also grown in the last 3 years by principles.
2%. This achievement is inseparable from the implementation 2. Global Sharia Equity Fund that invests in overseas equity
of business model change initiatives and product additions that assets with various themes and prioritises sharia principles in
have been carried out previously. its management.
3. Sharia Money Market Mutual Fund that invests in
BANCASSURANCE instruments with very low risk and fulfils sharia principles.
In line with the Bank's commitment as a comprehensive
financial service provider, or 'One Stop Financial Solution', in
2023, Maybank Indonesia and Allianz Indonesia continued to
strengthen cooperation by expanding the variety of insurance
products provided to Bank customers, ranging from life insurance
products, health insurance, and general insurance. Maybank
Indonesia further enriches the range of attractive products that
can be marketed to customers to meet customer protection
needs, ranging from life insurance products combined with
investment, term life insurance products, and health insurance
products to asset protection products such as houses, vehicles,
or businesses.
Maybank Indonesia is committed to continuing to be the Maybank Indonesia also always implements good risk
customers’ primary provider of life insurance, health insurance, management in the selection of mutual fund products to be
and general insurance protection solutions in Indonesia. In the distributed. Transparency of information, such as historical
Bank's strategic plan, bancassurance will continue to be one of performance of mutual funds and market developments, is
the leading products to increase non-interest income. conveyed to customers along with general information provided,
such as market outlook, NAV performance, and others. The Bank
2023 Initiatives has also provided and developed online services for customers
In 2023, Maybank Indonesia and Allianz Indonesia have who wish to purchase, switch, and redeem mutual funds, as well
developed Insurance products to meet customer protection as provide unit ownership information at the same time through
needs including: digital services, namely the M2U application.
1. Traditional life insurance and expanded the marketing
distribution channels for Bancassurance products through MORTGAGE (KPR)
telemarketing channels for health insurance, and Personal Through Mortgage Loan (KPR) facilities, Maybank Indonesia
Inconvenience insurance products through the distribution provides convenience for customers to purchase properties,
co-operation business model. including houses, apartments, shophouses, office property, and
2. Sharia life insurance with a reference business model with land/plots, both from new developers as well as from individuals
additional waqf features that can be an option for customer and property agents.
protection needs.
Maybank KPR offers several types of facilities to suit the interests
MUTUAL FUND INVESTMENT PRODUCTS and needs of customers, including Interest-Free Mortgage,
As a mutual fund selling agent, the Bank markets mutual fund Multipurpose Property Loans, and many more. Maybank
products from reputable Investment Managers. Aligning with the Indonesia offers products that are tailored to customer needs,
development of the global and domestic economies and capital in line with the customer-centric strategy, so that customers get
markets, the Bank actively markets various types of mutual fund the type of credit that suits their capabilities and needs.
products suited to different customers’ risk profiles. The Bank
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2023 Initiatives CAR/MOTORCYCLE OWNERSHIP LOAN
By the end of 2023, Maybank Indonesia has collaborated (KPM)
with many major property developers in Indonesia, namely In order to provide customers' needs for motor vehicle
44 developer groups with 276 projects. Maybank Indonesia's ownership, Maybank Indonesia continues to distribute car/
mortgage business is expected to continue to grow in the future motorcycle ownership loans (KPM/Auto Loan) for both four-
in connection with the recalibration of the business model so wheeled and two-wheeled vehicles through its subsidiaries,
that it is increasingly focused on the targeted segments. As of Maybank Finance and WOM Finance. Maybank Indonesia also
November 2023, KPR Maybank Indonesia managed to disburse has an Auto Loan Working Unit, which is tasked with monitoring
new loans, reaching Rp3.34 trillion with an increase of 3,468 the performance of those subsidiaries.
property units.
In addition, until the end of 2023, the outstanding Auto Loan
portfolio on a consolidated basis was recorded to have increased
by 18.8% to Rp23.1 trillion compared to the outstanding at the
end of December 2022 which was recorded at Rp19.5 trillion.
2023 Initiatives
Initiatives undertaken by Auto Loan during 2023 include:
1. Improved supervision of the condition of debtors’ portfolio
and Finco collateral (BPKB) through an audit sampling team
by increasing the frequency of inspections and expanding the
scope of inspection areas.
2. Updated the Product Development Assessment (PDA) Joint
In order to continue to foster good relations with partner Financing Auto Loan for a healthier Joint Finance pattern
developers and property agents, during 2023, Maybank portfolio development plan and adjusted to Maybank Group
Indonesia KPR, together with partner developers, created special policies.
programmes for prospective Maybank Indonesia KPR customers
and held joint activities in the form of Joint Event, Customer In addition, throughout 2023, Auto Loan carried out various
Gathering, Sponsorship Event, Property Expo, Product Launching programmes related to the Finance Company (finco) both
& Socialisation as many as 80 events. These joint programmes with subsidiaries and non-subsidiaries (other finco), namely
and activities are aimed at increasing brand awareness of collaborating with retail risk in updating the PDA or provisions
mortgages at Maybank Indonesia with the hope of increasing of Joint Finance pattern financing products adjusted to the
mortgage disbursements. provisions of the Maybank Group. Auto Loan is also developing
and improving the JF Auto Loan system to produce reporting
KPR Maybank Indonesia also always follows market output in accordance with regulatory requirements.
developments and supports government policies to increase
economic growth as well as policies set by BI. We provide Auto Loan also continues to develop and enhance SSBB system
one-stop solution programmes with attractive pricing and fast application (a system that covers Maybank Indonesia’s Joint
processes for both individual and corporate customers. Financing transactions with Maybank Finance), SSWB (a system
that covers Maybank Indonesia’s Joint Financing transactions
Looking forward, Maybank Indonesia KPR will implement with WOM Finance), and CAMS (a system that covers Maybank
strategies that will be carried out in 2024, including increasing Indonesia’s Joint Financing transactions with Finance Company
primary and secondary market penetration by offering other than subsidiaries). The enhancements made are as follows:
programmes according to the needs of the community and 1. Data improvement in the core system to improve the quality
simplifying the mortgage approval process. The Bank will also of reporting data.
show appreciation and increase the loyalty of existing mortgage 2. Further development of features in CAMS, including updates
customers by providing top-up facilities that can be used for to customer data, especially the addition of validation
various consumptive needs, as well as expanding the mortgage and mapping in accordance with reporting references to
marketing network by offering programmes for employees of regulators.
the Bank's payroll companies. Furthermore, Maybank Indonesia 3. Implementation of debtor data updates from Autoloan
will also increase cooperation and improve relationships with systems (SSBB, SSWB and CAMS) to the Bank's core system
developers and property agents in an effort to increase mortgage (DCIF) as a continuation of DCIF Revamp project.
referrals to Maybank Indonesia.
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CREDIT CARD Existing Maybank credit card customers are given the flexibility
Maybank Indonesia has two types of credit cards, namely to manage Maybank Credit Cards only through the M2U ID App,
Individual Customer Credit Cards and Corporate Credit Cards. namely requests for temporary and permanent credit card limit
Individual Credit Cards for Individuals consist of several types, increases, activation of Maybank Credit cards, reset PIN/Change
including: Maybank Visa Infinite, Maybank Platinum (Visa/ PIN, View CVV and copy Credit Card numbers, Block Cards when
MasterCard/JCB), Maybank Gold (Visa/MasterCard), and cards are lost and unblock cards, replace lost Maybank Credit
Maybank White Card. Cards, and offer Maybank XCash or cash from credit card limits.
Throughout 2023, Maybank Indonesia implemented programs This convenience is provided to ensure that the Bank continues
and initiatives for Credit Card business such as the I Love Friday to deliver the finest service to its existing customers while also
programme which is a discount programme that aims to increase increasing its competitive advantage.
the active rate and usage of Maybank cards as well as to increase
Credit Card sales volume. 2023 Initiatives
In 2023, Maybank Indonesia implemented marketing strategies
In order to increase competitiveness and provide convenience including the following:
and security for customers when transacting using Maybank • Developing Maybank Credit Card digital features on the
Credit Cards, for all Maybank Credit Cards issued as of 5 June M2U ID App platform, with coverage of Maybank Credit Card
2024 onwards, customers can take advantage of the contactless digital onboarding, loyalty management, and new features
feature for transactions at offline merchants that accept for Credit Card card management via M2U ID App.
transactions for the contactless feature at the EDC acquiring • Launching Co-brand Card Partnership with new partners
bank used. This initiative is in line with the development of ease such as Fitness First, and Celebrity Fitness, and continuing to
of transactions, where when transacting with the contactless develop Cobrand partnership cooperation from the previous
feature, the transaction will be carried out directly by the year for Maybank Credit Card BMW/MINI to support the
cardholder without the need to give the card to the merchant acquisition of new Maybank Credit Card customers.
(cashier) so as to avoid important information on the card being • Promoting Personal Loan products more aggressively,
read by other parties during the transaction. especially for existing Maybank customers in accordance
with the Bank’s risk appetite.
Maybank Indonesia collaborates with well-known gyms in
Indonesia to launch two Cobrand Cards: the Maybank Celebrity
Fitness Credit Card and the Maybank Fitness First Credit Card
on 10 December 2023. This collaboration is one of Maybank
Indonesia's strategies for increasing the acquisition of new credit
card customers, especially those who care about health and
healthy living.
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Awards In 2023, Maybank Indonesia has plans and strategies in
In 2023, Maybank Credit Cards received notable awards in developing and marketing funding products as follows:
various categories, which were: 1. Micro Segment Driven
1. JCB Indonesia Clients 2022 Award Providing solutions for customers that suit their diverse
• Best Issuing International Sales Volume Platinum needs for each age cycle. The micro segmentation approach
Product in Indonesia 2022 is based on age demographics and customer life cycle,
• Outstanding Product for Japan Campaign 2022 namely Young Professional, Young Family, Midlifer, and Silver
2. JCB Indonesia Clients 2023 Award Age - Golden Age (SAGA) remains the focus and is further
• Best Issuing International Sales Volume in Platinum developed as Maybank Indonesia’s strategy in 2023 designed
Products in Indonesia 2023 in the process of implementing product marketing and
• Best Japan Dining Campaign 2023 services to customers.
3. VISA Indonesia Client Forum 2023 Award 2. @Work 2.0
Category: The Highest YoY Infinite Credit Card Volume Continuing the renewal of the @Work that has been
Growth running in the previous year, Maybank continues to develop
4. Mastercard Indonesia Client Forum 2022 Award digitalisation processes and integrated product and service
Best Spend for Credit Active Card offering packages that are able to answer the needs of
customers.
PERSONAL LOAN 3. Rejuvenation and Adjustment of Products and Services to
Personal Loan continues to focus on a cross-selling strategy Customer Tendencies in line with Changing Times
through Payroll, Mortgage, Credit Card, Savings and existing Rejuvenation and adjustment of products and services,
Personal Loan customers through a top-up facility. Since July especially in promoting increased penetration and better
2015, special Personal Loan facilities have been extended to experience in low-cost products such as Savings. Adjustment
Maybank payroll customers with a maximum tenure of 5 years to customer tendencies with the times is expected to
and a limit of up to Rp250 million. increase activity and build loyalty to the solutions provided
on an ongoing basis.
2023 Initiatives 4. Product & Program Innovation
In 2023, Maybank Indonesia continued to run Personal Loan Increase the sustainability of third party fund growth by
initiatives and programmes by providing special pricing for continuing to develop product and program prepositions
Maybank employees and cross-sell customers. Meanwhile, the based on segmentation and active transactions in accordance
marketing strategy is to make offers and cross-sell to customers with customer needs and continue to innovate digitally to
(e.g., top up, refill) with telesales as a key marketing channel. be able to cover more customers by optimising M2U as a
marketing and acquisition channel.
In 2023, the outstanding Personal Loans increased by 14.5% and 5. Diversification of Acquisition Funnel
was recorded at Rp594 billion, higher than 2022 at Rp518 billion. Expand acquisition channels in the marketing and acquisition
process by partnering with sister companies, startups,
CUSTOMER DEPOSITS merchants, custodian institutions and communities including
2023 Initiatives schools, religious institutions, hospitals, and others. This
Maybank Indonesia continues its strategy to increase third-party partnership will be able to produce better and sustainable
funds by acquiring new customers, increasing active customer performance both for Partners and of course for Maybank
transactions, and increasing the loyalty and wallet size of existing Indonesia.
customers. For new customers, Maybank Indonesia prioritises
and optimises U by Maybank Savings products with features Maybank Indonesia also runs various other initiatives and
that have been designed in accordance with current customer programs including:
needs, such as Smart Savings, Smart Spending, and QR Cardless 1. 100% NTB Cashback
Withdrawal. Program offer for new customers who conduct transaction
activities after opening an account as NTB (New to the Bank).
Maybank Indonesia also collaborates with sister companies Activities that are given benefits are the first transaction
within the Maybank Group, such as Maybank Sekuritas using a debit card/QR Pay in the M2U ID App/routine
Indonesia, to obtain third-party funds through the development payments via the M2U ID App (on the Electricity, water,
of RDN (Customer Fund Account) savings products with opening telephone menu) will get a maximum cash reward of Rp100
strategies through digital channels. The implementation of thousand.
a segmentation-based approach also focuses on increasing
customer transactions through programmes and improved
product features.
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2. Maybank Gift Program • Bonus Interest 2023 (Phase 2)
Program offering for third party fund deposits to increase Offer a top up program in savings with reward in the
customer acquisition and loyalty of both new and existing form of bonus interest/extra yield up to Rp10 million
customers by providing appreciation in the form of attractive from an increase in monthly average balance with a
gift options. minimum increase of Rp10 million and minimum 3
• Maybank Gift Special Reward Program transactions per month through M2U ID App/Web/Debit
Program offers with attractive schemes, specifically for Card/QR Pay Internet Banking.
placement in U Savings/Sharia Savings products. 4. CATD USD Special Offer
• Maybank Gift Regular Program Special USD interest rate offer with opening Deposit or top
• Program offering for retail/non-retail customers. up Current Account through Branch Office.
• Retention Program 5. Special Case TD IDR
Program offering for third party fund deposits to retain Special interest rate offer by opening of IDR Deposit through
matured program funds, by providing appreciation in the Branch Offices.
form of gifts according to customer needs. 6. Special Gift USD
• Arisan Cash reward offer based on increase in average account
Program offering for third party fund deposits to balance and TRB CASA USD within 3 months observation
increase third party funding by engaging selected groups period.
and installing a regular savings plan through offline 7. RDN Welcome Gift
and online events together with other customers and Program for customers who open Maybank RDN account for
Maybank Indonesia. the first time and conduct stock transactions.
• MPP M2U 8. Merchant Deals 2023
Prize program offering by opening Maybank Savings Offers promos at merchants using Maybank Debit Card.
MyPlanPlus term account through M2U ID App.
• Year End Retention Program Customer Third Party Fund Performance 2023
Program offering for third party fund deposits to retain In 2023, the CFS segment succeeded in growing third party funds
matured program funds, by providing appreciation in the by 4.5% to Rp85.1 trillion from Rp81.4 trillion from the previous
form of gifts to: year.
- Retail customers for conducting financial
transactions via M2U App/Web/Debit Card. 2024 Plan and Strategy
- Non-Retail customers if they register an account on The strategic plan for the development and marketing of funding
M2E. products in 2024 includes continuing to increase third-party
3. Bonus Interest 2022 (Phase 3) funds through the development of products, programmes, and
Offer top up program in savings by providing rewards in the services for customers based on segmentation and supporting
form of bonus interest/extra yield of up to Rp10 million from active transactions through:
an increase in the monthly average balance with a minimum 1. Rejuvenation and customisation of products and services,
increase of Rp10 million and a minimum transaction of 4 especially in promoting increased penetration and better
times per month through M2U ID App/Maybank2u Internet experience in low-cost products such as savings.
Banking. 2. Feature development in existing products as well as new
• Bonus Interest 2023 (Phase 1) product development to address customer needs such as:
Offer top up program in savings with reward in the form - Multicurrency savings products: one savings account
of bonus interest/extra yield up to Rp10 million from an with multiple currencies.
increase in monthly average balance with a minimum - Dynamic Currency Matching feature in Debit Card
increase of Rp10 million and minimum 3 transactions per which gives customers an advantage in making cash
month through M2U ID App/Web/Debit Card/QR Pay withdrawals and purchases abroad.
Internet Banking. 3. Diversification and addition of acquisition channels to obtain
third party funds through cooperation with merchants, other
companies (such as collaboration with a new Securities
Company to expand the reach of Maybank RDN accounts),
other communities, and sister companies of the Maybank
group.
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DIGITAL BANKING in conducting banking transactions and assist customers in
Digital Banking has become a necessity in modern-day banking. managing their finances. These initiatives include:
Digital Banking has become essential to meet the demands of 1. Development of the Digital Wealth feature in M2U, which
an increasingly connected and fast-changing world. Thus, Digital include for the purchase of Government Securities Bonds
Banking is not just a technological advancement but a complete (SBN) and the opening of Gold Savings account through
transformation in the way the Bank interacts with customers and cooperation with strategic partners.
how customers manage their finances. 2. Development of Digital Liabilities features, among others for
the opening of Sharia Customer Fund Accounts (RDN) for
Recognising this, Maybank Indonesia continues to develop stock market investors through cooperation with Maybank
superior products and services through the utilisation of Digital Sekuritas Indonesia.
Banking channels that can be a holistic solution to the needs 3. Development of various Digital Payment features to facilitate
of today's customers. The Bank's Digital Banking products and customers in conducting daily financial transactions,
services are expected to increase Maybank Indonesia's market including the addition of features for payment transactions,
share by targeting segments that provide growth opportunities purchases and electronic money top-ups.
through superior products and convenient and highly 4. To improve customer experience in transactions using
competitive distribution. This is in line with Maybank Indonesia's internet banking, Maybank has also launched an update of
mission, namely Humanising Financial Services where Maybank M2U ID Web which is now also enriched with Digital Wealth
Indonesia always puts customers first in its business strategy, features to provide convenience for customers to manage
and digital is the main enabler to provide a better customer their entire financial portfolio.
experience and improve customers' financial well-being.
In addition to the aforementioned feature additions, the
During 2023, various initiatives have been carried out to develop Bank has also optimised the M2U ID App and improved the
Digital Banking services, including the launch of transaction fundamental capabilities of the system platform architecture,
features for purchasing Government Securities (SBN) through which has adopted the latest technology capabilities that have an
the M2U ID App, opening Sharia Customer Fund Accounts (RDN), impact on the application's ability to process more transactions
opening Gold Savings, updating M2U ID Web internet banking, that will occur, with a much better response time than before. In
and adding transaction features for bill payments, purchases, addition, with this optimisation, the Bank will be able to innovate
and electronic money top-ups. These various developments have by adding new features to its services faster than before, which
made a positive contribution to Maybank Indonesia in the form will greatly help the Bank to be able to adapt to the increasingly
of increasing the number of new customers and users of Digital dynamic and rapidly changing customer needs.
Banking services, increasing customer loyalty, and increasing
transactions and revenue from Digital Banking services. Taking into account the dynamic and competitive business
development, Maybank Indonesia continues to update its
2023 Initiatives strategic journey in order to provide digital banking service
In 2023, Maybank Indonesia will continue to develop Digital solutions that are relevant to customer needs so that it can
Banking services, especially for Digital Wealth, Digital Liabilities, win the competition. Through various development plans
Digital Lending, Digital Payment features and strengthen the implemented in the financial year, it is expected to further
Digital Platform, which aims to further facilitate customers increase the number of active user customers, transactions,
third-party funds, and transaction-based revenue from digital
channels.
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2023 Performance Achievement ATM and CRM Network Development
2023 PERFORMANCE ACHIEVEMENT To assist customers in conducting cash withdrawal and deposit
Maybank Indonesia is one of the pioneers of Digital Banking transactions without relying on branch office operations,
services in Indonesia, launching the first Internet Banking service Maybank Indonesia provides ATM & CRM services that have
in Indonesia in 1998. Digital Banking has become an integral part the advantage of interconnecting with many ATM networks,
of Maybank Indonesia's overall strategy in recent years and going including:
forward. • Three main local networks: ATM Bersama, Prima, ALTO
• International Network: Maybank Group, MasterCard/Cirrus,
As one of the main drivers in increasing third party funds, new Visa/Plus, MEPS, Union Pay and Asia Payment Network
customer acquisition and also as a source of fee-based income,
Maybank Indonesia has developed Digital Banking services with With the connection of the Maybank Indonesia ATM network
a focus on providing a better transaction experience and services with the Maybank ATM network in Malaysia, Singapore, and
that are relevant to customers' financial and lifestyle needs, with Brunei, Maybank Indonesia customers have the convenience
M2U as the main platform for Digital Banking services. M2U of transacting at Maybank ATMs in these countries with no
is equipped with various features and the latest technology, transaction fees. Vice versa, Maybank Malaysia, Singapore,
such as the ability to log in on mobile App and Web with 1 user and Brunei customers can transact free of charge at Maybank
ID, various online services for opening deposit accounts and Indonesia ATMs.
investment products, transferring funds, paying routine bills and
also has innovative services to meet the daily lifestyle needs of In 2023, Maybank Indonesia continues to optimise the
customers. productivity of its ATM network after the New Normal condition
of the COVID-19 pandemic, where the trend of ATM usage is
Through M2U services, Maybank Indonesia has succeeded in decreasing. Maybank Indonesia has optimised the number of
moving most customer transactions from traditional channels ATM machines to obtain optimal results in terms of operational
such as branches and ATMs to digital channels by providing maintenance costs compared to the expected return. Maybank
Omni Channel financial solutions and a Mobile First customer Indonesia also provides cardless cash withdrawal services as a
experience. Various feature development, communication, and form of innovation to facilitate customer transactions by simply
promotion programmes have been implemented, resulting in scanning QR on the ATM machine through the M2U ID App.
benefits for both customers and Maybank Indonesia, such as
improved customer experience and loyalty, an increase in the Data on the development of Maybank Indonesia’s ATM and CRM
number of users and transactions, and increased revenue from networks over the past 3 years are as follows:
digital channels and cross-selling.
Description 2023 2022 2021
The number of active M2U users grew by 12.5%, and customer
ATM 739 869 1.033
financial transactions made through M2U grew by 17.9% in 2023.
CRM 26 26 -
The increase in the number of users and transactions contributed
to revenue growth from digital channels of 34.6% in 2023. Total 765 895 1,033
For business segment customers, Maybank Indonesia also Awards
continues to develop M2E digital services. To facilitate customer In 2023, Maybank Indonesia's Digital Banking received
transactions, the Bank continues to add payment features, recognition with an external award for its outstanding
including bill payments and other payments in M2E. The Bank performance in Mobile Banking. The award was presented at the
also continued programmes to support the acquisition and Asia Trailblazer Awards 2023.
activation of M2E user customers as well as socialisation with
customers through online events and physical meetings. This is
reflected in the increase in the number of active M2E users by
8.8%, and transaction value grew by 11.8%.
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2024 Plan and Strategy 2. Expanding digital services for the MSME segment through
In 2024, Maybank Indonesia will continue to develop products the Digital Lending Platform
and services through the digital platform and develop strategic 3. Developing a digital ecosystem through strategic
cooperation with Maybank Group entities to win market partnerships with a focus on potential industry sectors,
competition. The development of the Bank's Digital Banking improving API capabilities to support the development of
capabilities is aligned to support the direction of development BaaS services, including the development of solutions related
through the Bank's digital platforms, namely M2U and M2E. to opening Savings Accounts and digital Hajj registration.
Looking forward, the Bank has developed a strategic journey CFS RETAIL PERFORMANCE AND
related to the development of Digital Banking, so as to be able to ACHIEVEMENT 2023
provide innovative and relevant digital banking service solutions CFS Retail Lending
to customer needs through the continuous development of CFS Retail segment loans consistently contribute to the growth
digital products and services. In addition, to expand the reach of Bank loans. In 2023, CFS Retail total retail loans grew by 11.5%
of services to customers, the Bank is also developing Bank as to Rp43.5 trillion from Rp39.0 trillion in 2022. This increase was
a Service (BaaS) as a product and service distribution channel. mainly supported by growth in automotive financing by 18.8%,
Through BaaS, the Bank can reach new customer segments credit card and Personal Loans businesses by 20.3%, and the
and business partners, such as fintech startups and other non- mortgage segment by 1.3%, in line with economic recovery and
traditional financial institutions. In optimising digital services for increasing purchasing power. All CFS Retail segment loans also
customers, digitalisation is also carried out on the Bank's back- started to show positive growth at the end of the year. NPL
end and internal processes, such as through Robotic Process (gross) for retail loans was recorded at 2.14%, improving from
Automation (RPA) and other automation processes. 2.21% the previous year.
The focus of the Bank's digital development strategy in 2024 (in Rp trillion)
includes:
Description (Ending 2023 2022 2021
1. Expanding product and service offerings to include CFS Retail Balance)
segment initiatives, including personalised sales advisory,
Car and Motorcycle Loans 23.1 19.5 15.9
development of digital lending product applications in
Mortgages 16.2 16.0 15.3
M2U such as for Credit Card products, Personal Loans and
Car Purchase Loans, development of payment transactions Credit Card and Personal 3.6 3.0 2.6
Loans
including for QRIS TUNTAS and cross-border transactions
and development of various digital wealth products
(secondary sovereign bonds, insurance) in M2U.
CFS RETAIL PLAN AND STRATEGY 2024
For 2024, the Bank has established a plan and strategy for the development of the CFS Retail business with the following details:
Intensification of Customer Centricity Grow Regionally as One Maybank
Acceleration of Digitalisation and Modernisation
• Accelerate mortgage growth in the of Bank’s IT Technology & Infrastructure • Collaborate with Maybank Asset
secondary market and encourage Management for CPF and RDN issuance
increased cross sell • Features development on Digital Wealth, with Maybank Sekuritas Indonesia
• Drive Credit Card & Loan acquisition Digital Liabilities, Digital Lending, Digital • Encouraging all branches to increase
growth through digital channels & co- Payment, and Digital Platform on M2U referrals to subsidiaries;
brands • Integration (API) and building one • Exploring micro insurance business with
• Build and sharpen value proposition connection between subsidiaries & sister ETIQA ID
through micro-segmentation and One companies through M2U application
Maybank
Driving Sustainable Growth Continuing Shariah First Strategy Maintaining Healthy Quality Assets
• Developing electric & hybrid car loan • Increasing penetration of Shariah • Implementing prudent principles in the
portfolio in Maybank Finance financing to CFS segment through Shariah onboarding process, portfolio monitoring
• Provide ESG-based mutual fund products First strategy in all segments and issuing after the credit search process and actively
• Provide solar panel financing to Maybank Shariah Wealth Management products taking preventive actions on loans that
credit card holders show deterioration in quality.
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Shariah
Banking
Maybank Indonesia Syariah Business Unit (UUS) continues to
strengthen its business foundation through the 'shariah first'
strategy. By 2023, the share of Syariah Banking assets is recorded
at 25.9%, the highest in Indonesia.
INITIATIVES AND STRATEGIES 2023 In 2023, Maybank Indonesia UUS has continued to optimise the
In 2023, the economic growth of the Indonesian economy was implementation of the Leverage Model to strengthen its position
well maintained amidst the challenges of the global economic in the Islamic banking sector, including the implementation
slowdown. Indonesia's economic growth has been successfully of the "Shariah First" strategy, which has proven effective
fuelled by the continued increase in mobility and a quite stable in promoting synergy and coordination between Maybank
purchasing power. In addition, increased investment has also Indonesia UUS and all units of the Bank. In addition, Maybank
supported economic growth, along with continued infrastructure Indonesia also continues to position Sharia services and products
development. These developments are also supporting Maybank as banking solutions that can benefit all levels of society
Indonesia Syariah Business Unit (UUS) to continue to grow and (inclusive for all).
achieve good performance.
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A number of initiatives focus on continuously growing the Shariah business portfolio in Maybank Indonesia as well as continuing to
improve Shariah literacy in the larger society, as follows:
a. Increased the CFS Banking segment penetration in selective industries and expanded the retail portfolio to support halal lifestyle &
ecosystem needs and also maintain the momentum of Global Banking segment growth especially for local large corporate customers
through continuous collaboration with Global Market and Transaction Banking (trade and cah management) to provide financial
solutions to customers based on Shariah products.
b. Increased transactions with a community approach and strategic partnerships and utilising the halal ecosystem to increase funding
and also accelerate the penetration of Digital business through M2U and M2E applications and continuous development of Digital
Banking features and capabilities so that they are always relevant to customer needs.
c. Present a comprehensive wealth management concept, in accordance with the needs of the financial, social and spiritual aspects of
customers in accordance with Shariah principles through Shariah Wealth Management.
d. Focused on Shariah based business development and Environmental, Social and Governance (ESG) as well as making UUS a
reference in the sharia finance industry, especially in supporting economic growth and positioning itself as a Shariah Center of
Excellence.
ACHIEVEMENTS IN 2023
In 2023, the profitability and achievements of Maybank Indonesia UUS and its comparison with 2022, as follows:
In billion Rupiah
Description 2023 2022 Growth (%)
Total Assets 41,040 40,041 2.5%
Financing 30,240 26,430 14.4%
- Global Banking 13,076 11,816 10.7%
- CFS Non Retail 8,100 5,920 36.8%
- CFS Retail 9,063 8,694 4.2%
Third Party Funds 35,074 30,043 16.7%
CA 8,580 6,392 34.2%
SA 9,473 7,572 25.1%
TD 17,021 16,079 5.9%
CASA 18,053 13,964 29.3%
Total Assets
In 2023, Maybank Indonesia UUS total assets grew by
Rp1.0 trillion from Rp40.0 trillion in 2022 to Rp41.0 trillion. This growth was driven by an increase in Financing which grew by Rp3.8
trillion or 14.4% (YoY) compared to the previous year, mainly from the CFS Non Retail segment and also an increase in treasury assets.
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Financing In 2023, total Third Party Funds reached IDR35.1 trillion or grew
In 2023, Maybank Indonesia UUS total financing reached Rp30.2 by 16.7% compared to the position in 2022. The increase was
trillion, growing by Rp3.8 trillion, or 14.4% compared to 2022. driven by a surge in low-cost funds (CASA), which grew by Rp4.1
Non-Retail CFS and Global Banking segment financing recorded trillion or 29.3% year-on-year, pushing the CASA ratio to 51.47%
growth of Rp2.2 trillion and Rp1.3 trillion, respectively, up 36.8% from 46.48% in December 2022. This is in line with Maybank
and 10.7%, respectively, from 2022 position. Indonesia UUS' strategy to focus more on raising low-cost funds
and to become the transaction bank of choice for customers.
Third Party Funds
Profit
In line with the increase in business, Maybank Indonesia UUS
recorded profit before tax of Rp504 billion in 2023, grew by
66.8% or Rp202 billion compared to the 2022 position of Rp302
billion.
HUMAN CAPITAL DEVELOPMENT
Maybank Indonesia continues to support the implementation
of the Leverage Model and accelerate the growth of Maybank
Indonesia UUS while maintaining business and operational
compliance with the Sharia principles. With this implementation,
Maybank Indonesia UUS organisational structure always pays
attention to effective and efficient work processes.
The organisational development of Maybank Indonesia UUS
is directly under the President Director (who also doubles as
Director of Sharia Business Unit). Maybank Indonesia UUS has
several working units including business lines and supporting
functions.
In developing Human Resources (HR) competencies, Maybank
Indonesia UUS mobilises all its resources and translates the
required competencies into education and training materials.
Every year, Maybank Indonesia UUS conducts several education
and training methods in order to improve the capability/
competence of its human resources, as follows:
1. Provide Sharia banking training to employees who handle
or deal with Sharia business in the Branch Office and Head
Office in accordance with the level of training required by
each employee.
2. Provide opportunities for members of the Sharia Supervisory
Board (DPS) to attend training/seminars/workshops
in accordance with the self-development needs of DPS
members to support and improve Sharia supervisory
activities at UUS MBI.
3. Training to enhance both external and internal functional
skills in the areas of Risk Management, Business
Development, Super Service Excellence, Sharia Law, Financial
Analysis, Financing Analysis, Sharia Capital Markets (Sukuk),
Trade Finance, and others.
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NETWORK DEVELOPMENT AND OFFICE banking can be seen in the coordination and cooperation
CHANNELLING (mutual partnership) of Maybank Indonesia UUS with Maybank
All Maybank Indonesia Branch Offices can offer Maybank Indonesia and stakeholders in social programmes and community
Indonesia UUS products and all Maybank Indonesia branches empowerment.
have implemented the "Shariah First" strategy, which can
accelerate the business growth of Maybank Indonesia UUS. As of The benevolent fund distribution program of Maybank Indonesia
31 December 2023, the total Sharia Office network was recorded UUS focuses on five sectors, namely:
at 17 Sharia Branch Offices (KCS) and 3 Sharia Sub-Branch Offices 1. Infrastructure Development, Education Facilities for Places
(KCPS). of Worship;
2. Productive Economic Empowerment of Dhuafa Communities;
In carrying out expansion of the Sharia Branch Office (KCS) 3. Education (Development of Outstanding Human Capital and
network, Management determines the approach taken in Dhuafa);
developing the building infrastructure. Initially, the Sharia Branch 4. Donations/Humanitarian Assistance;
is located in the same building as the Conventional Branch, also 5. Islamic Financial Literacy.
known as the Co-location Branch. However, the co-location
branch is ensured to have a clear separation of functions and In 2023, Maybank Indonesia UUS obtained benevolent funds
infrastructure between Sharia and Conventional. of Rp6.3 billion, which were mostly distributed through partner
institutions. Some of the flagship programs for the distribution of
Then, when the business of the Sharia branch is deemed to have benevolent funds in this year are as follows:
grown well and is generating a level of profitability sufficient 1. Productive economic empowerment program for dhuafa
to stand alone, the Sharia branch concerned may be directed and independent Islamic boarding schools in collaboration
to have its own infrastructure separate from the conventional with various institutions such as Lingkar Niaga Solusindo
branch, or also known as a standalone branch. By December (SIRCLO), Sinergi Foundation, Yayasan Asar Humanity,
2023, the number of Sharia Branch networks are as follows: Daarut Tauhid Peduli, Yayasan Ashabul Jannah, Komite
Nasional Ekonomi dan Keuangan Syariah (KNEKS) and the
Types of Shariah Branch Office Total Indonesian Ulema Council's Food, Drugs and Cosmetics
Assessment Institute (LPPOM MUI) in facilitating halal
Shariah Branch 17
certification for food and beverage sellers.
Shariah Sub-Branch 3
2. Educational scholarship assistance to Rumah Yatim, Rumah
Kepemimpinan, and Baiturrahmah Padang University.
3. Certification assistance for Quran teachers in Jabodetabek,
SOCIAL FUNCTION THROUGH BENEVOLENT West Java, Central Java, and East Java in collaboration with
FUND AND ZAKAT MANAGEMENT Rumah Zakat and Dompet Dhuafa.
Maybank Indonesia UUS recognises that the success of its 4. Assistance for facilities and infrastructure as well as mosque
business activities cannot be separated from the support of construction.
all stakeholders. In a sustainable manner, Maybank Indonesia 5. Assistance for orphans in 19 Maybank Indonesia shariah
UUS continues to perform social functions, both in the form branch offices and 1 Maybank branch office in collaboration
of direct contributions to community activities as well as to with BAZNAS, Nurul Hayat, LAZISMU, Rumah Yatim, Dompet
environmental development. Sosial Madani, Baitul Maal Hidayatullah, etc.
6. Idhul Adha sacrificial animal assistance in 19 Maybank
Maybank Indonesia UUS fulfills this function through the Unit Indonesia shariah branch offices and 1 Maybank branch office
for the Management of Benevolent Funds (UPDK), which is in collaboration with BAZNAS, LAZISMU, Rumah Yatim,
conducted in accordance with the provisions of the fatwa Dompet Sosial Madani, Nurul Hayat, Sinergi Foundation, etc.
issued by the National Sharia Council of the Indonesian Ulema 7. Sharia Financial Literacy in several Universities and
Council (DSN MUI). The social role and function of Islamic Communities
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In addition, as of 2019, Maybank Indonesia has officially become PLAN AND STRATEGY 2024
a Zakat Collection Unit (UPZ) of BAZNAS based on the Chairman Maybank Indonesia UUS, as an integral part of Maybank
of the National Amil Zakat Agency's Decree No. 56 of 2019. By Indonesia, generally implements management strategies in line
becoming a UPZ, it is expected to support more transparent with those of the Bank. In addition, Maybank Indonesia UUS will
and accountable management of zakat funds in accordance with continue to optimise the implementation of the Leverage Model,
Sharia principles and governance. In 2023, the total distribution including the Bank's Sharia First strategy, which utilises all of
of zakat to Baznas reached Rp507.8 million. the Bank's facilities and infrastructure to accelerate the growth
of Sharia business while maintaining business and operational
IMPLEMENTATION OF SHARIA compliance with Sharia principles.
GOVERNANCE
Maybank Indonesia UUS always manages Sharia compliance Looking forward, Maybank Indonesia UUS will continue its
based on Sharia governance policies that are aligned with cooperation with Line of Business (LOB) in joint promotion
the Bank's Sharia business activities to ensure that the activities in the form of product campaigns, channeling, linkage
supervision and control functions of Sharia compliance are programmes, sponsorship, advertising, exhibitions and others.
effective and good. This governance policy is set out in a Sharia The Bank will also make Islamic Banking products and solutions
Governance Framework (SGF) as a framework for managing the main products and solutions offered to customers, Sharia
Sharia compliance at the Bank level. An effective Sharia First, with the following key strategies:
governance policy can enhance the supervision and control 1. Maintaining the growth momentum of the Global Banking
of Sharia compliance by the Sharia Supervisory Board, Board segment specifically for Local Large Corporate customers
of Commissioners, UUS Director, Board of Directors, Head of through sustainable collaboration with Global Market and
Sharia Banking and Management over the Bank's Sharia business Trade Sales to provide financial solutions to customers using
activities. Shariah-based products.
2. Maximise Parent and Subsidiary network infrastructure to
Maybank Indonesia UUS also develops Shariah Compliance Policy increase customer growth in the SME and Auto Financing
(SCP) based on Shariah principles as stated in the fatwas of the segments.
National Shariah Council-Majelis Ulama Indonesia (DSN-MUI) 3. Increasing the penetration of CFS Banking segment in
and applicable Shariah banking regulations. The SCP is part of selective industries and expanding retail portfolio through
the Bank’s Shariah Governance Framework (SGF) and is the basis the development of IMBT products and Personal Financing iB
for the preparation of the Bank’s internal regulations concerning products to support halal lifestyle & ecosystem needs.
the fulfillment of Shariah principles in conducting Shariah 4. Focus on enhancing activity in customers’ operational
business activities. The SCP allows the Bank to effectively and accounts to increase low-cost fund contribution.
efficiently communicate and implement Shariah requirements 5. Increasing transactions with a community approach and
to internal stakeholders to ensure Shariah compliance in the strategic partnerships as well as utilising the halal ecosystem
Bank’s Shariah business activities. As a policy, SCP is the basis for through the Muslim online ecosystem/shariah fintech in the
the preparation of the Bank’s internal provisions concerning the CFS Banking segment to increase funding.
fulfillment of Shariah principles in running the business activities. 6. Accelerating penetration in Digital business through M2U &
M2E apps and continuous development of Digital Banking
Maybank Indonesia is committed to continuously update the features and capabilities to keep it relevant to customer
SGF and SCP - by maintaining the main principles/ushul- so that needs.
Maybank Indonesia's business activities continue to be well 7. Focus on the development of Sharia based business and
managed and get relevant guidance. Maybank Indonesia is also Environmental, Social and Governance (ESG) as well as
committed to continuing to conduct socialisation and training the distribution of Benevolent Funds and Zakat that have
to improve understanding and awareness of compliance risk impacts on social and economic aspects.
management, particularly in relation to Sharia principles, on an
ongoing basis.
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8. Maybank Indonesia UUS will continue to improve unique
Syariah features such as IMBT and RPSIA to fulfil institutional
customers/investors needs.
9. Making Maybank Indonesia UUS a reference in the sharia
finance industry, especially in supporting economic growth
and to be positioned as a Sharia Centre of Excellence.
Furthermore, positioning the Sharia Business Unit against the
parent (MBI) in the following matters:
1. Sharia as a key differentiator. Providing unique and
innovative Sharia service solutions.
2. Sharia First strategy - prioritising Shariah services and
solutions for all of the Bank's customers, according to their
needs.
3. Sharia Wealth Management. Presenting a comprehensive
wealth management concept; in accordance with the needs
of the financial, social and spiritual aspects of the customer
in accordance with Sharia principles.
4. Halal Ecosystem. Developing the Halal Ecosystem through
partnerships with existing communities, and building digital
strength to collaborate with digital ecosystem partners from
various sectors (through the concept of BaaS, Banking as a
Service).
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Maybank
Finance
Despite facing challenging economic conditions,
Maybank Finance recorded total sales of Rp12.6 trillion in 2023,
experiencing an increase of 8.0% compared to Rp11.7 trillion
in 2022.
Maybank Finance is committed to delivering exceptional b. Instalment Financing
performance by providing outstanding service and consistently A financing product with a consumer financing scheme
nurturing mutually advantageous long-term partnerships. To for productive-purpose vehicles for a specified duration,
that end, Maybank Finance continues to expand its business by aligned with their economic capability.
optimising its focus on financing four-wheeled vehicles, industrial 2. Multipurpose Financing
machinery, and heavy equipment to achieve sustainable Multipurpose financing here refers to all types of consumer
growth. Maybank Finance is supported by authorised dealers, financing for goods/products and services with the following
showrooms, and suppliers throughout Indonesia. Currently, benefits:
Maybank Finance has 30 branch offices and 11 representative a. Multipurpose fund facilit
offices spread across Indonesia. A consumer financing with a scheme for non-productive
vehicle (passenger cars). The benefit for the debtor is
that they can own the goods for consumtive purposes
PRODUCTS AND SERVICES and instead of business purpose or any other productive
In line with Financial Services Authority Regulation No. 35/ activities within the agreed period.
POJK.05/2018, Maybank Finance's business activities include b. Multipurpose fund facility
Investment Financing, Working Capital Financing, Multifunction Fund Facility shall be a financing service for the
Financing, and other financing activities based on OJK approval. procurement of services which is directly allocated to the
In detail, Maybank Finance's business activities are elaborated as debtor for the consumption instead of business purpose
follows: or any other productive activities within the agreed
1. Investment Financing period.
Investment financing refers to all types of lease financing/ 3. Working Capital Financing
lease for business purposes with the following products and Working capital financing refers to consumer financing that
benefits: will be one in 1 (one) cycle productive business purposes.
a. Finance Lease IDR The benefit for the debtor is that they have funds to run
A financing product with a finance lease scheme their productive business by pledging the vehicle's vehicle
for heavy equipment, industrial machinery, and registration certificate (BPKB) for a certain period during
productivepurpose vehicles. The benefit for the debtor which the pledged vehicle can still be used by the debtor.
is that they can own the goods for productive purposes
within a certain period according to the lessee's
economic capacity.
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4. Selling-Buying Financing using Murabahah Contract INITIATIVES AND STRATEGIES 2023
Murabahah is an agreement of sale and purchase by The positive outcomes in the growth of multifinance industry
informing the acquisition cost and the benefits agreed by the financing in 2023 were aligned with sustained risk management
seller and the buyer. practices. To capitalise on opportunities and ensure ongoing
5. Services Financing with Ijarah Contract performance growth, Maybank Finance executed the following
Services financing using Ijarah contract here is the transfer initiatives and strategies throughout the year:
of rights of use (benefits) of an item within a certain period 1. Focus on financing new cars in the upper-middle segment
of time with rental payments, without being followed by a with a more aggressive approach to financing electric
transfer of ownership of the item itself, the products and and hybrid cars, whose market penetration is expected to
benefits of which are as follows: increase in 2023.
a. IMBT (Ijarah Muntahiyah Bin Tamliq) 2. Enhance the quality of human resources through training
A financing product with a finance lease scheme for programs, e-learning, and knowledge management.
heavy equipment and industrial machinery with Shariah 3. Increase sales by leveraging referrals from Maybank
principles for productive purposes. The consumer Indonesia branches.
benefits by having the opportunity to own the goods for 4. Improve the quality and speed of service to debtors.
productive use over a specific period, tailored to their 5. Continuously develop information technology systems to
economic capacity. accommodate rapid business developments.
b. Umrah Financing 6. Sustain development to provide ease of access to
Umrah financing facilities are provided to consumers information for debtors through mobile system-based
on credit/installments with sharia financing, applying applications.
the Ijarah principle, where Maybank Finance makes 7. Sustain development for the digitalisation of company
full payment to the Travel Agent (Travel Bureau) who operational processes.
collaborates with Maybank Finance, then sells the Umrah
Package benefits to Consumers adding Ujrah/fee.
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8. Create a loyalty program to build long-term relationships with partner dealers and AWARDS IN 2023
debtors. In 2023, Maybank Finance received
9. Provide financing to environmentally friendly corporate debtors. several awards in various categories as
10. Increase the contribution of electric and hybrid car financing by collaborating with follows:
more automotive principal manufacturers (APMs) in Indonesia. 1. Platinum Award – Very Excellent
– The Best Indonesia Sales
PERFORMANCE IN 2023 Marketing Award VI 2023, Category:
Based on Gaikindo data, domestic car sales figures were below the target of 1.05 million Multifinance Company
units throughout 2023. Wholesale car sales reached 1,005,802 units throughout 2023, 2. Top Corporate Finance Award at the
a decrease of 4% compared to the achievement throughout 2022 of 1,048,040 units. 4th Top Corporate Finance Award
Meanwhile, retail sales throughout 2023 reached 998,059 units, down 1.5% compared to 2023
2022 which reached 1,013,582 units. 3. Infobank Multifinance Award 2023 at
the 19th Infobank Multifinance Award
Despite facing challenging economic conditions, Maybank Finance recorded total sales 2023
of Rp12.6 trillion in 2023, experiencing an increase of 8.0% compared to 2022's Rp11,7 4. 3rd Top Digital Corporate Brand
trillion. Meanwhile, total credit in 2023 reached Rp7.7 trillion, experiencing an increase Award 2023 in the Financing category
of 8.5% compared to 2022's Rp7.1 trillion.
PLANS AND STRATEGIES
Gross and net non-performing loans (NPLs) remained under control, recorded at 0.21% FOR 2024
and 0.11% respectively. Maybank Finance's pre-tax profit in 2023 amounted to Rp571 The global and domestic economic
billion, up from Rp566 billion in 2022, representing a 0.9% increase. situation in 2024 is expected to remain
quite challenging, including for the
Performance 2023 2022 Growth multifinance industry. Rising inflation
and a high-interest rate environment
Sale 12,643 11,703 8.0%
will influence the increase in financing
Total Loan 7,723 7,116 8.5%
interest rates. Faced with this possibility,
NPL 0.21% 0.15% 0.06% Maybank Finance continues to enhance
Profit before tax 571 566 0.9% the Company's financial performance
Gearing ratio 1.14 1.08 0.06 by implementing strategies in 2024, as
ROA 7.8% 8.9% (1.1%) follows:
1. Utilising Maybank Indonesia
ROE 12.6% 13.7% (1.1%)
branches across Indonesia to
contribute to increasing sales of four-
Maybank Finance's performance in 2023 is the result of efforts to continuously increase wheeled vehicles.
business volume. Maybank Finance consistently implements various marketing programs 2. Increasing sales of four-wheeled
and financing plans as follows: vehicles with a focus on financing
1. Establishing partnerships with automotive principal manufacturers (APMs) and new cars.
suppliers of heavy equipment and industrial machinery in Indonesia. 3. Boosting sales of electric and hybrid
2. Providing fast and flexible services. vehicles.
3. Offering attractive retention programs to potential Maybank Finance debtors. 4. Enhancing financing for heavy
equipment, industrial machinery, and
commercial vehicles.
5. Continuously developing information
technology systems to anticipate
rapid business developments.
6. Strengthening marketing through
Digital Marketing to reach potential
customers directly.
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WOM
Finance
Amid the challenging macroeconomic conditions of 2023,
WOM Finance managed to achieve revenues of Rp2.00
trillion, representing an increase of 17.8% compared
to Rp1.69 trillion in 2022. The largest contribution to
revenue came from consumer financing, capital financing,
and finance lease.
Despite the declining global conditions and high uncertainty, PRODUCTS AND SERVICES
the Indonesian economy continues to grow well and remains In the course of its operations, the Company provides an array of
resilient. Economic and banking liquidity remains adequate to products and services designed to meet the needs of consumers.
support credit growth. Banking resilience and financial system Those products and services offered are as follows:
stability are also maintained, supported by strong capitalisation - Multipurpose Goods Financing
and low credit risk. • New Bike Financing
• Used Bike Financing
Amid the challenging macroeconomic conditions of 2023, - Multipurpose Services Financing
WOM Finance managed to achieve revenues of Rp2.00 trillion, • Multipurpose Motorku Financing
representing an increase of 17.8% compared to Rp1.69 trillion in • Motorku Funding Facility
2022. The largest contribution to revenue came from consumer • Mobilku Multipurpose Financing
financing, working capital, and leasing. The increase in revenue • Mobilku Funding Facility
led to 19.6% yearly increase in net profit from Rp198 billion in - Investment Financing
2022 to Rp236 billion in 2023. • Sale and Leaseback MobilKu
- Working Capital Financing
• Mobilku Business Capital Facility
• Sale and Leaseback MobilKu
- Purchase Financing (Murabahah Agreement)
• New Motorcycle Sharia Financing
• "MasKu" Precious Metal Sharia Financing
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BUSINESS STRATEGIES AND INITIATIVES IN AWARDS
2023 For its successful business activities in 2023, WOM Finance
In 2023, WOM Finance successfully accomplished several received appreciation from external parties in the form of several
business strategies and initiatives., including the implementation awards, including:
of the Credit Approval Engine aimed at enhancing customer • Indonesia Good Corporate Governance Award - VII - 2023,
service efficiency. WOM Finance also adopted e-Fixed Asset Category: 1st The Best Indonesia GCG - 2023, Category:
Management (eFAM) and engaged in the development Multifinance, Asset (Rp1T - Rp6T) - Public Company.
of existing systems to improve service quality and ensure • Indonesia Enterprise Risk Management Award - V -
compliance with existing regulations. 2023, Category: 1st The Best Indonesia Enterprise Risk
Management - 2023 - Category: Multifinance (Asset Rp 1T -
In an effort to provide convenience to customers, WOM Finance Rp6T) - Public Company.
took tangible measures, particularly through the implementation • Indonesia Finance Award - V - 2023, Category: 1st The Best
of the KAWAN application. Currently, the application has Indonesia Finance - 2023 - Category: Multifinance (Asset Rp
achieved a penetration rate of 40% among WOM Finance's 1T - Rp6T) - Public Company.
active consumers. The KAWAN application serves as a platform • 4th Indonesia's Popular Digital Products Awards 2023,
for WOM Finance customers to apply for financing and make Category: Indonesia Top Digital Innovation Award 2023 Title:
digital installment payments. Top Configurating, Offering, Experience, Innovation 2023.
• Indonesia Best CFO Awards 2023, Category: Best
In 2023, WOM Finance also successfully maintained its ISO/IEC Performance Chief Financial Officer 2023 in Achieving
27001:2013 certification and received several prestigious awards Solid Operational and Financial Performance, Category:
in recognition of its performance. These awards include the Top Multifinance.
Leader on Digital Implementation 2023 by IT Works, Top Digital • BAZNAS Award 2023, Category: Company with the Best
# Stars 5 by IT Works, and The Most Innovative Multifinance CSR/DSKL Health Program.
Company for The Development of Accessible Financing Service • Indonesia Digital Innovation Awards 2023, Category: The
Digitalisation in the Multifinance Category by Warta Ekonomi. Most Innovative Multifinance Company for The Development
of Accessible Financing Service Digitalisation, Category:
PERFORMANCE AND ACHIEVEMENTS IN 2023 Multifinance.
In 2023, WOM Finance once again achieved positive revenue of • 12th Infobank Digital Brand Awards 2023, Category: “The
Rp2.00 trillion, increasing by 17.8% from Rp1.69 trillion in 2022. Best” Company Asset Financing Rp5 Trillion to <Rp10 Trillion.
The largest contribution to revenue was supported by consumer • Indonesia Corporate Secretary and Communication Award
financing, capital financing, and finance lease. - VIII - 2023, Category: The Best Corporate Secretary &
Communication Award – 2023, Category: Multifinance -
WOM Finance recorded expenses of Rp1.67 trillion in 2023, up Public Company.
from Rp1.41 trillion in 2022. Along with the increase in revenue, • Indonesia Best Workplace for Women Award 2023, Category:
WOM Finance's net profit rose by 19.6% annually, reaching Rp236 Best Workplaces for Woman 2023 in Protecting Working
billion in 2023 from Rp198 billion in 2022. Women’s Right, Category: Financial Services Industry.
• Indonesia Financial Leader Awards 2023, Category: Mr.
WOM Finance also recorded total assets growing by 17.5% to Djaja Suryanto Sutandar Best Leader for Sustainability
Rp6.64 trillion from the previous Rp5.65 trillion, with financing Acceleration Through Providing of Innovative Financing
disbursement reaching Rp6.15 trillion, up 22.5% from the Solution, Category: Multifinance, Total Assets 5T - 10T.
previous Rp4.58 trillion. Gross and net Non-Performing Financing • Indonesia Sales & Marketing Award 2023, Category: Gold
(NPF) in 2023 reached 2.06% and 0.87%, respectively. Award - The Best Indonesia Sales Marketing Award-VI- 2023
Category: Multifinance - Public Company.
Performance 2023 2022 Growth • Indonesia CSR Awards 2023, Category: Indonesia Best
CSR Award 2023 with Outstanding Program in Social and
Total financing 6,150 5,021 22.5%
Environmental Development, Category: Multifinance.
NPF 2.06% 1.65% 0.41%
• 19th Infobank Multifinance Awards 2023, Category: The Best
Profit before tax 320 280 14.3% Performance Multifinance Company 2023 (Asset Rp5 Trillion
-< Rp10 Trillion).
• TOP GRC Awards 2023, Category: PT Wahana Ottomitra
Multiartha Tbk TOP GRC Awards 2023 #Stars4 and Djaja
Suryanto Sutandar: President Director Category: The Most
Committed GRC Leader 2023.
• Infobank TOP 100 CEO 2023, Category: Mr. Djaja Suryanto
Sutandar TOP 100 CEO 2023.
• The Next Leaders Forum 2023, Category: Mr. Njauw Vido
Onadi and Ms. Cincin Lisa Hadi as The Next Leaders 2023.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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BUSINESS DEVELOPMENT PLAN AND
STRATEGY FOR 2024
Facing the year 2024, WOM Finance has prepared a series of
plans and strategies that adapt to current conditions and future
assumptions. WOM Finance will continue to develop business
potentials sustainably, both in financing areas and distribution
channels, to further enhance business growth, especially outside
of Java.
WOM Finance conducts the optimisation of its potential
consumer database through the Customer Relationship
Management (CRM) System. Additionally, WOM Finance will
continuously improve the credit initiation process by evaluating
credit policies and procedures to maintain a healthy portfolio
quality.
In the future, WOM Finance will focus on developing the KAWAN
application to provide maximum benefits to consumers through
collaboration with strategic partners. Moreover, establishing a
credit engine to support business growth while maintaining a
focus on a healthy portfolio quality is also part of the plan. WOM
Finance will implement an Integrated Learning Management
System, Talent Management System & Performance Management
System, as well as a Certification Program (upskilling & reskilling)
to continuously enhance the capabilities, competencies, and
productivity of its employees.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 187
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Profitability
By Segments
OPERATING SEGMENT
Maybank Indonesia reports operating segments in accordance with the Bank's internal reporting prepared for making operational
decisions responsible for allocating resources to certain segments and performance assessment.
Maybank Indonesia is organised into three operating segments based on products and services as follows:
• Global Banking segment
• Business Banking segment
• Retail segment
For the years ended 31 December 2023 and 2022, Maybank Indonesia and subsidiaries divided the segment based on business units. The
segment information of Maybank Indonesia and subsidiaries based on operating segments is as follows:
(in million rupiah)
Global Business Head Office
Description 2023 Retail Total
Banking Banking and Others
Interest income - net 3,380,822 665,075 3,109,046 78,680 7,233,623
Inter-segment interest income/(expenses) (2,074,137) 764,736 1,021,444 287,957 -
Interest income after inter-segment income - net 1,306,685 1,429,811 4,130,490 366,637 7,233,623
Operating income/ (expense) - gross 836,652 311,653 1,248,150 (355,887) 2,040,568
Operating expenses (434,592) (529,736) (2,280,697) (2,566,218) (5,811,243)
Operating income/(expense) before allowance for 1,708,745 1,211,728 3,097,943 (2,555,468) 3,462,948
impairment losses - net
Allowance for impairment losses (123,458) (242,093) (618,330) (131,179) (1,115,060)
Operating income - net 1,585,287 969,635 2,479,613 (2,686,647) 2,347,888
Non-operating expense - net 139 (7,707) (2,506) 16,860 6,786
Profit before allocation of indirect costs 1,585,426 961,928 2,477,107 (2,669,787) 2,354,674
Indirect costs (525,561) (739,198) (1,009,949) 2,274,708 -
Income before tax expenses 1,059,865 222,730 1,467,158 (395,079) 2,354,674
Tax expenses (536,924)
Income for the year 1,817,750
Total assets 75,318,479 30,857,283 29,829,534 35,797,774 171,803,070
Total liabilities 40,917,984 39,756,518 46,081,937 14,250,597 141,007,036
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(in million rupiah)
Global Business Head Office
Description 2022 Retail Total
Banking Banking and Others
Interest income - net 3,108,147 1,234,169 2,860,624 5,826 7,208,766
Inter-segment interest income/(expenses) (1,351,281) 328,867 740,312 282,102 -
Interest income after inter-segment income - net 1,756,866 1,563,036 3,600,936 287,928 7,208,766
Operating income/ (expense) - gross 454,833 292,120 1,185,501 (172,176) 1,760,278
Operating expenses (486,367) 292,120 (2,166,606) (2,476,393) (5,646,630)
Operating income/(expense) before allowance for 1,725,332 1,337,892 2,619,831 (2,360,641) 3,322,414
impairment losses - net
Allowance for impairment losses 118,062 (336,349) (464,008) (583,925) (1,266,220)
Operating income - net 1,843,394 1,001,543 2,155,823 43,200,170 2,056,194
Non-operating expense - net 1,893 1,122 (6,144) (12,839) (15,968)
Profit before allocation of indirect costs 1,845,287 1,002,665 2,149,679 (2,957,405) 2,040,226
Indirect costs (499,778) (705,345) (967,812) 2,172,935 -
Income before tax expenses 1,345,509 297,320 1,181,867 (784,470) 2,040,226
Tax expenses (507,015)
Income for the year 1,533,211
Total assets 74,077,837 28,809,414 27,190,112 30,736,555 160,813,918
Total liabilities 36,584,393 39,252,998 43,200,170 12,242,407 131,279,968
GEOGRAPHIC SEGMENT
(in million rupiah)
31 December 2023
Description
Indonesia Overseas Total
Total non-current assets 4,980,437 2,282 4,982,719
Interest income 11,848,692 35,199 11,883,891
31 December 2022
Total non-current assets 4,465,907 2,294 4,468,201
Interest income 10,375,429 25,025 10,400,454
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Financial
Review
FINANCIAL PERFORMANCE ANALYSIS Fee-based income rose 15.6% to Rp2.0 trillion, from Rp1.8 trillion
The following financial performance analysis has been prepared the previous year, as Global Markets (GM) transaction fees grew
based on the Consolidated Financial Statements of PT Bank 33.6% to Rp181 billion from Rp136 billion. The Bank also recorded
Maybank Indonesia Tbk and its subsidiaries for the year ended an increase of 14.1% in non-Global Markets fee income to Rp1.9
31 December 2023. The Financial Statements have been audited trillion from Rp1.6 trillion, mainly supported by fee income on
by Public Accounting Firm Purwantono, Sungkoro & Surja (a asset recovery, fees from the credit card business, and fees from
member firm of Ernst & Young global network) in accordance two-wheeled automotive financing business.
with Independent Auditor’s Report No. 00073/2.1032/
AU.1/07/0703-1/1/II/2024 dated February 23, 2024, and received Total loans disbursed amounted to Rp116.0 trillion, up by 7.6%
an unmodified audit opinion that the consolidated financial from Rp107.8 trillion the previous year, in line with a stable
statements of PT Bank Maybank Indonesia Tbk (Maybank business climate and strengthening people's purchasing power
Indonesia or the Bank) present fairly, in all material respects, the throughout 2023. Retail and non-retail loans managed through
consolidated financial position of PT Bank Maybank Indonesia Community Financial Services (CFS) grew by 10.6% to Rp74.3
Tbk and its subsidiaries as of 31 December 2023, and its trillion from Rp67.2 trillion the previous year. Retail CFS loan
consolidated financial performance and cash flows for the year grew 11.5% to Rp43.8 trillion from Rp39.0 trillion and Non-retail
then ended, in accordance with Indonesian Financial Accounting CFS loan increased 9.3% to Rp30.8 trillion from Rp28.2 trillion.
Standards. The Consolidated Financial Statements are also Meanwhile, Global Banking loan grew 2.6% to Rp41.7 trillion
presented in the last chapter of this Annual Report. from Rp40.6 trillion.
GENERAL DISCUSSION OF THE BANK’S The Bank continued to strengthen its liquidity through low-
FINANCIAL PERFORMANCE cost savings, by optimising digital services in customer funds
As of 31 December 2023, Maybank Indonesia recorded Profit collection. Customer deposits grew by 9.3% to Rp115.50 trillion
Before Tax (PBT) of Rp2.4 trillion and Profit After Tax and Non- from Rp105.71 trillion the previous year, in line with an increase
Controlling Interests (PATAMI) of Rp1.7 trillion. This performance in CASA by 8.6% and in Time Deposits by 10.0%. The increase in
was supported by an increased in the Bank’s Operating Income CASA was supported by Demand Deposits which grew by 10.2%
backed by better loan yields and improved asset composition, and Savings which increased by 6.1%, in line with the Bank's
particularly in the retail and non-retail RSME (Retail Small- strategy to optimise low-cost funds. Time Deposits also grew
Medium Enterprise), and Shariah Banking Unit. As public 10.0% in line with the upward trend since the first semester
consumption and economy in Indonesia continued to improve of 2023. The CASA ratio as of 31 December 2023 was relatively
throughout 2023. stable at 51.08% compared to 51.41% the previous year.
Net Interest Margin (NIM) strengthened by 7 bps to 4.96% in
December 2023. This achievement was supported by better CONSOLIDATED STATEMENT OF FINANCIAL
earnings on assets composition and higher yield assets, despite POSITION
rising cost of deposits as Bank Indonesia (BI) rate increased
throughout the year. ASSETS
Maybank Indonesia's total assets amounted to Rp171.8 trillion
in 2023, up 6.8% from 2022 which was recorded at Rp160.8
trillion. This increase was mainly contributed by growth in loans,
financial investment and securities held, thereby encouraging the
bank's earning assets composition with higher yields to increase
compared to the previous year.
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Detailed information on the Bank's total assets in 2023 is as follows::
(in billion Rupiah)
Change
Asset 2023 2022
Nominal Percentage
Cash 1,570 1,525 45 3.0%
Current account with Bank Indonesia 8,152 9,654 (1,502) -15.6%
Current account with other banks - net 2,192 2,030 162 8.0%
Placements with Bank Indonesia and other banks - net 2,494 2,526 (32) -1.3%
Trading Securities 1,298 480 818 170.4%
Financial Investments - net 30,752 28,595 2,156 7.5%
Securities purchased under resale agreement - net 2,333 1,537 796 51.8%
Derivatives receivables - net 981 676 305 45.2%
Loans and Sharia receivables/financing 116,002 107,815
8,187 7.6%
Shariah - gross
Loans and Sharia receivables/financing 112,480 104,457
8,023 7.7%
Shariah - neto
Acceptance Receivables 786 1,263 (477) -37.8%
Deferred Tax Assets 691 615 76 12.3%
Fixed assets and right-of-use assets - net 3,828 3,444 384 11.2%
Intangible assets - net 364 222 141 63.6%
Prepayments and other assets 3,883 3,790 93 2.5%
Total Assets 171,803 160,814 10,989 6.8%
*) As restated according to DSAK-IAI Press Release regarding ‘Attributing Benefits to Periods of Service’
Cash
The Bank recorded cash earnings of Rp1.6 trillion, up 3.0% from the previous year's position of Rp1.5 trillion. This increase was in line
with the increase in cash balances in Rupiah by 4.7%, while foreign currencies fell by 13.4%. Cash in Rupiah accounted for 92.0%, while
cash in foreign currency has a portion of 8.0%. Cash contributed 0.9% to total Bank Assets.
Current accounts with Bank Indonesia
Current accounts with Bank Indonesia (BI) fell 15.6% to Rp8.2 trillion from Rp9.7 trillion in 2022, with a contribution to total assets of
4.7%. This achievement still meets and exceeds the Bank's minimum statutory reserve requirement (GWM) set by BI.
The Bank's minimum statutory reserves (GWM) on 31 December 2023 for the Rupiah currency consist of the daily primary GWM and
averages, and Macroprudential Liquidity Buffer (PLM) of 7.12%, 8.81% and 26.98% respectively (December 31, 2022: 8.47%, 8.18% and
24.14%) and GWM for Foreign Currency of 4.58% (December 31, 2022: 4.45%).
The Macroprudential Intermediation Ratio (RIM) is within the target range. On 31 December 2023 and 2022, the Bank's Minimum
Capital Requirement (Capital Adequacy Ratio or CAR) is greater than the CAR incentive. The Bank has fulfilled BI’s regulation regarding
Minimum Statutory Reserve Requirement on Commercial Banks.
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Highlights Report Profile and Analysis
Current Accounts with Other Banks Rupiah-denominated Government Securities (SUN) and
In 2023, current accounts with other banks increased 8.0% Government Treasury Notes (SPN) traded rose to Rp1.3 trillion
to Rp2.2 trillion in line with the increase in current accounts, from the previous Rp471.9 billion, while foreign currency SUN
especially in foreign currency (forex). Current accounts with traded fell to Rp41.0 billion from the previous Rp7.9 billion.
other banks in foreign currency rose 20.7% from Rp1.7 trillion billion. The trading securities rating for SUN are BBB (S&P), while
to Rp2.0 trillion. Current accounts with other banks at Maybank SPN is unrated.
Indonesia contributed 1.3% to total assest.
Regarding interest rates, the average annual interest rate
All current accounts with other banks held by Maybank Indonesia for Rupiah-denominated trading securities is 6.93% and in
as of 31 December 2023 and December 31, 2022, based on foreign currency is 3.89% in 2023 compared to the previous
applicable OJK regulations, are classified as current assets. The year of 6.90% and 3.90%. Based on applicable Bank Indonesia
average annual interest rate for current accounts with other regulations, trading securities on 31 December 2023 and
banks for Rupiah and foreign currency is 0.17% and 0.22% December 31, 2022 are classified as current. The account
respectively in 2023, compared with 0.15% and 0.06% in 2022. represented 0.8% of total assets in 2023.
Placements with Other Banks and Bank Indonesia Financial Investment
In 2023, placements with other banks and Bank Indonesia Financial investments are investments in marketable securities
decreased by 1.3% to Rp2.5 trillion compared to 2022, which and equity investments. Investments in marketable securities
was recorded at Rp2.5 trillion. This decrease was mainly caused are categorised either as amortised at cost or at fair value,
by a decrease in placements with Bank Indonesia in Rupiah the movements of which are accounted through other
from previously Rp800.0 billion to Rp200.0 billion. Meanwhile, comprehensive income, and equity. In 2023, the Bank's financial
placements with Bank Indonesia in foreign currency rose to Rp2.3 investments in the form of marketable securities and equity
trillion, up 32.8% from Rp1.7 trillion in the previous year. investments cumulatively reached Rp30.8 trillion, an increase
of 7.5% compared to the previous year of Rp28.6 trillion with a
Based on applicable OJK regulations, all placements with other contribution of 17.9% to total assets.
banks and Bank Indonesia on 31 December 2023 and December
31, 2022 are classified as current. Apart from that, there are no Based on the class of securities issuer, Maybank Indonesia's
collateral placements with Bank Indonesia or other banks. invested in securities issued by the Government and SOEs;
banks; and others. The largest contribution comes from securities
The average annual interest rate on Certificates of Deposit for issued by the Government and SOEs, amounting to 89.6% in
placement with BI is 6.08% in 2023. On the other hand, the 2023 and 87.1% in 2022.
average annual interest rate for call money products and foreign
currency term deposits is 5.94% and 5.06%, respectively. The Other types of financial investment is investments in shares that
portion of placements with other banks and Bank Indonesia to amounted to Rp167.8 billion. The Bank has equity investments
total assets reached 1.5% in 2023. amounting to Rp159.5 billion in PT Maybank Sekuritas Indonesia
and Rp1.7 billion in PT Bank Capital Indonesia Tbk, as well as
Trading Securities long-term equity investments in various companies amounting to
The trading securities owned by Maybank Indonesia are in Rp6.6 billion.
the form of Government Debt Securities, both in Rupiah and
foreign currency. In 2023, this account was recorded to increase
by 170.4%, which was mainly influenced by the increase in
investment in securities traded in Rupiah and foreign currencies.
(in billion Rupiah)
Change
Asset 2023 2022
Nominal Percentage
Efek-efek 30,584 28,429 2,155 7.6%
Penyertaan saham 168 170 (3) -1.5%
Cadangan kerugian penurunan nilai (0) (4) 4 -91.0%
Jumlah – neto 30,752 28,595 2,156 7.5%
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Securities Composition by Issuer
3.3% 7.1% 6.3% 6.6%
Bank Others Bank Others
89.6% 87.1%
Government Government
2023 2022
and SOEs and SOEs
Securities Purchased under Agreements to Resell
In 2023, Maybank Indonesia has securities purchased under resale agreement or reverse repo worth Rp2.3 trillion, while the previous
year's value was Rp1.5 trillion. The increase in this account is in line with the increase in ownership of these securities in Rupiah currency
from Rp1.5 trillion in 2022 to Rp2.3 billion in 2023. The portion of this account in total assets has increased to 1.4% in 2023 from 1,0% in
the previous year.
The types of Rupiah-denominated repo securities that Maybank Indonesia have in 2023 are Government Bonds series FR70 and FR77
with fixed interest rates, and VR 42, VR 65, VR 68, VR 70, and VR 94 series with floating interest rates. As well as types of repo securities
in foreign currency in the form of Sovereign Securities.
Derivative Receivables
In 2023, Maybank Indonesia posted an increase of 45.2% in derivative receivables to Rp981.0 billion from the previous Rp675.8 billion.
This increase was mainly influenced by the increase in derivative claims from third parties to Rp707.3 billion in 2023 from the previous
year's value of Rp507.5 billion.
Loans and Sharia & Consumer Financing/Receivables
Total loans amounted to Rp116.00 trillion in 2023, an increase of 7.6% from the previous year of Rp107.8 trillion following a stable
business climate and strong consumer purchasing power throughout 2023.
By currency, loans in Rupiah increased by 12.0% and loans in foreign currency decreased by 14.2% to Rp100.5 trillion and Rp15.5 trillion.
The proportion of the two types of loans was 86.6% and 13.4% respectively in 2023.
Loans Composition by Currency
13.4% 14,0%
Mata Uang Asing Mata Uang Asing
86.6% 86,0%
2023 2022
Rupiah Rupiah
Loan growth was also supported by increased disbursement in the corporate and retail segments.
Loans in the Corporate segment, namely, Global Banking, grew 2.6% to Rp41.7 trillion from Rp40.6 trillion in the previous year backed by
improved loan disbursement in the Financial Institutions Group (FIG) loans, which increased
by 87.9%.
Community Financial Services (CFS) Retail and Non-Retail loans in total grew 10.6% to Rp74.3 trillion from Rp67.2 trillion.
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In line with the increase in people's purchasing power, CFS Retail segment loans grew 11.5% to Rp43.5 trillion from Rp39.0 trillion,
supported by subsidiary automotive loans that grew 18.8%, credit cards and KTA loans that grew 20.3%, and KPR loans that continued to
grow by 1.3%.
Maybank Indonesia's CFS Non-retail segment consists of Business Banking, Small and Medium Enterprises (or those classified by the
Bank as SME+) and Retail Small and Medium Enterprises (RSME). Non-retail CFS loans increased 9.3% to Rp30.8 trillion from Rp28.2
trillion supported by significant growth in Business Banking loans of 12.8% to Rp11.8 trillion from Rp10.5 trillion last year. The RSME
segment also succeeded in continuing to increase growth by 9.7% to Rp13.9 trillion from Rp12.7 trillion. Meanwhile, the SME+ segment
loan portfolio grew by 1.6%.
Loan composiiton by segment is as follows:
(in billion Rupiah)
Change
Loans by Business Segment 2023 2022
Nominal Percentage
Global Banking 41,721 40,648 1,074 2.6%
Community Financial Services (CFS) 74,281 67,168 7,113 10.6%
CFS - Non Retail 30,810 28,181 2,629 9.3%
CFS - Retail 43,471 38,987 4,484 11.5%
Total 116,002 107,815 8,187 7.6%
Loans Composition by segment
64.0% 62.3%
Community Community
Financial 36.0% Financial 37.7%
Services Perbankan Services Perbankan
2023 2022
(CFS) Global (CFS) Global
In terms of economic sector, the Bank’s loan disbursements were mainly to the business services, trading, restaurant and hotel, and
manufacturing sectors. In 2023, the three credit sectors each grew by 76.8%; 7.3%; dan 4.7%.
The Bank is committed to pursuing a strategy of selective and prudent loan growth. The Bank's risk appetite is stringently implemented,
and the Bank concentrates on selective loan growth in the industrial sector, which is considered to have strong prospects in the future.
(in billion Rupiah)
Change
Loans by Economic Sector 2023 2022
Nominal Percentage
Agriculture and forestry 1,137 2,085 (948) -45.5%
Mining 3,555 6,442 (2,887) -44.8%
Industry 19,547 18,677 870 4.7%
Electricity, gas and water 2,254 2,995 (741) -24.8%
Construction 10,976 12,466 (1,490) -12.0%
Trade, restaurants and hotels 15,098 14,072 1,026 7.3%
Transportation, warehouse and communication 2,297 1,963 334 17.0%
Business services 17,399 9,841 7,558 76.8%
Social/community services 269 291 (22) -7.5%
Others (including consumer financing receivables of 43,469 38,981 4,487 11.5%
subsidiaries)
Total - gross 116,002 107,815 8,187 7.6%
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Loan Interest Rate In 2022, the relevant regulations issued by the regulator are
In 2023, the average annual interest rate charged to debtors by POJK No. 19 of 2022 dated October 27, 2022 concerning "Special
the Bank were 8.73% and 6.17% for loans in Rupiah and in foreign Treatment for Financial Services Institutions in Certain Regions
currency, respectively, whereas in the previous year it was and Sectors in Indonesia Affected by Disasters", as well as
recorded at 8.50% and 4.14%, respectively. Decision of the Board of Commissioners of the Financial Services
Authority No. 34/KDK.03/2022 dated November 25, 2022
Syndicated Loan concerning "Determination of the Accommodation Provision and
The amount of syndicated loan provided by the Bank as of 31 Food and Drink Provision Sector, Textile and Textile Products and
December 2023 and 2022 were Ro9.4 trillion and Rp14.5 trillion, Footwear Sector, Micro, Small and Medium Business Segment,
respectively. The Bank's participation as syndicate leader as and Bali Province as Sectors and Regions Requiring Treatment
of 31 December 2023 is between 8% to 44% (December 31, Especially for Credit or Bank Financing” (valid until March 31,
2022: 2% to 44%) (unaudited) and as a syndicate member as 2024).
of 31 December 2023 is 3% to 16% (December 31, 2022: 4%)
(unaudited) of the total syndicated loans. Non Performing Loans
As of 31 December 2023 and 2022, in accordance with Bank
Joint Financing Loans Indonesia Circular Letter No. 13/30/DPNP dated December
The Bank enters into agreements to provide joint financing 16, 2011, the consolidated non-performing loan (NPL) ratio
facilities, especially with subsidiaries, namely WOM and MIF, to calculated on a gross basis was 2.92% and 3.46% respectively,
finance retail vehicle ownership loans. The Bank's credit risk in and calculated on a net basis was respectively 1.88% and 2.34%.
joint financing lies with the debtors of the subsidiary. Through strict supervision, early restructuring and writing off
several old NPL accounts, the Bank succeeded in reducing its
In 2023, there was no balance in the joint financing facility with NPL balance.
WOM (December 31, 2022: Rp0.02 billion). The total balance of
the joint financing facility with MIF as of 31 December 2023 was The improvement in the NPL ratio was supported by a reduction
Rp9.3 trillion (December 31, 2022: Rp7.3 trillion). The amount is in the number of non-performing loans by 9.8%, while the Loan
recorded under Motor Vehicle loans and Shariah and Other loans. at Risk (LAR) ratio (bank only) improved to 8.94% in December
2023 from 12.72% in the previous year.
Restructured Loans
In accordance to POJK No. 11/POJK.03/2020 dated March 16, The Bank's non-performing loans mainly come from the trade,
2020 and IAI press release on the COVID-19 pandemic impact, restaurant and hotel, agriculture and forestry, and industry,
the Bank has restructured debtors which are affected by which recorded a decrease of 16.9% to Rp1.9 trillion from the
COVID-19, and reported the balance as current collectibility. previous Rp2.3 trillion. The trade, restaurant and hotel sectors
Credit restructuring is performed by lowering the interest rate showed a decrease in non-performing loans by 12.6% to Rp1.2
and/or interest or principal postponement in selected cases. trillion from the previous Rp1.4 trillion.
The amount of restructured loans in 2023 was Rp6.7 trillion, The continued oversight, monitoring and control of credit as well
compared to Rp9.5 trillion (gross) in the previous year. as better business climate has contributed to the improved asset
quality.
In relation to compliance with OJK, the Bank implements POJK
No. 40/POJK.03/2019 dated December 19, 2019 concerning
"Assessment of Commercial Bank Asset Quality" which was
later amended by POJK No. 48/POJK.03/2020 concerning
"Amendments to POJK Number 11/POJK.03/2020 concerning
National Economic Stimulus as a Countercyclical Policy for
the Impact of the Spread of Corona Virus Disease 2019" dated
December 3, 2020, POJK Number 17/POJK.03/2021 dated
September 10, 2021 concerning "Second Amendment to POJK
Number 11/POJK.03/2020 concerning National Economic
Stimulus as a Countercyclical Policy for the Impact of the Spread
of Corona Virus Disease 2019" (valid until March 31, 2023).
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Allowance for Impairment Losses (CKPN)
The amount of allowance for impairment losses on loans calculated based on Statement of Financial Accounting Standards (PSAK) 71
were Rp3.5 trillion and Rp3.4 trillion on 31 December 2023 and 2022, respectively.
Maybank Indonesia reported adequacy ratio for allowance for uncollectible assets on loans were 115.47% and 104.80% on 31 December
2023 and 2022, respectively, has complied with Financial Services Authority regulation.
Acceptance Receivables
In 2023, the Bank posted an acceptance receivables of Rp785.6 billion, down 37.8% from the previous Rp1.3 trillion in 2022. This
decrease is in line with the decrease in the value of this account both in Rupiah and foreign currency in 2023. Based on collectability, all
acceptance receivables are categorised as current in 2023.
Deferred tax assets
In 2023, the Bank's deferred tax assets amounted to Rp690.6 billion compared to Rp614.7 billion in the previous year.
Fixed Assets and Right-of-Use Assets
In 2023, the Bank reported Rp3.8 trillion in fixed assets and right-of-use assets, an increase of 11.2% from the previous year's position of
Rp3.4 trillion. This increase is in line with the increase in asset acquisition costs.
Intangible Assets
Intangible assets consists of software and goodwill respectively in 2023 were recorded at Rp356.5 billion and Rp7.1 billion, compared
with Rp215.2 billion and Rp7.1 billion in the previous year. The increase in software intangible assets is in line with the Bank's strategy
to invest in technology in facing the era of digital development. The Bank continues to strive to develop and perfect digital application
systems, infrastructure development and information technology & cyber security.
Prepaid Expenses and Other Assets
In 2023, Maybank Indonesia recorded prepaid expenses and other assets worth Rp3.9 trillion, or an increase of 2.5% from the previous
year of Rp3.8 trillion. This decrease was mainly caused by an increase in net interest receivables to Rp1.0 trillion in 2023 from the
previous year's value of Rp985.9 billion.
LIABILITIES
(in billion Rupiah)
Changes
Liabilitas 2023 2022
Nominal Percentage
Liabilitas
Obligations due immediately 1,077 1,163 (87) -7.5%
Deposits from customers 115,503 105,706 9,796 9.3%
Deposits from Other Banks 4,783 3,166 1,617 51.1%
Securities purchased under resale agreement 2,017 112 1,905 1,702.5%
Derivatives Payables 963 732 231 31.6%
Acceptances payables 512 845 (333) -39.4%
Securities issued 4,222 5,052 (830) -16.4%
Borrowings 7,745 9,950 (2,205) -22.2%
Taxes Payable 395 422 (27) -6.4%
Accrued expenses and other liabilities 3,691 3,332 359 10.8%
Subordinated bonds 99 800 (700) -87.6%
Total Liabiilities 141,007 131,280 9,727 7.4%
Obligations due Immediately
In 2023, the Bank recorded Rp1.1 trillion of obligatio¬ns due immediately, down 7.5% from the previous year which reached Rp1.2 billion.
This increase was mainly influenced by the decrease in Rupiah-denominated immediate liabilities from Rp1.1 trillion in the previous year
to Rp1.0 billion.
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Deposits from Customers
In 2023, total deposits from customers amounted to Rp115.5 trillion, increased by 9.3% compared to the previous year's position of
Rp105.7 trillion. The Bank’s CASA recorded an increase of 8.6% to Rp59.0 trillion, with Current and Savings accounts recorded at Rp35.8
trillion and Rp23.2 trillion respectively. Time Deposits also recorded an increase of 10.0% to Rp56.5 trillion from Rp51.4 trillion in the
previous year. The Bank continued to strengthen liquidity through low-cost savings, by optimising digital services to collect customer
deposits and cash management to collect operational accounts for corporate customers. As a result, the Bank's Low-Cost Funds ratio
(CASA ratio) recorded at 51.08% in 2023 from 51.41% in 2022.
Customer deposits in Rupiah still have a dominant portion of 76.3% from the previous year’s 78.7%. The contribution of customer
deposits to total liabilities was 81.9% in 2023, compared to 80.5% in the previous year.
(in blllion Rupiah)
Changes
Customers Deposit 2023 2022
Nominal Percentage
Giro 35,753 32,433 3,321 10.2%
Tabungan 23,243 21,913 1,330 6.1%
Deposito berjangka 56,506 51,360 5,146 10.0%
Jumlah 115,503 105,706 9,796 9.3%
Customer Deposit Composition by type of product
31.0% 20.1% 30.7% 20.7%
Current accounts Savings Current accounts Savings
48.9% 48.6%
Time Time
2023 2022
deposits deposits
The average interest rates per annum for the three types of customer deposits are as follows:
2023 2022
Average interest rate per year
Rupiah Forex Rupiah Forex
Current Account 2.83% 1.65% 2.19% 0.71%
Savings 1.10% 0.32% 1.16% 0.28%
Time deposits* 3.05%- 3.86% 0.80%- 3.97% 2.94% - 2.98% 0.64% - 1.00%
*≤ 1 month and > 12 months
Deposits from Other Banks
Deposits from other banks are one of the funding sources for business expansion. In 2023, deposits from other banks were recorded at
Rp4.8 trillion, an increase of 51.1% from the previous year of Rp3.2 trillion. The contribution of this account to total liabilities were 3.4%
and 2.4% for 2023 and 2022 respectively. This increase was mainly from the increase in call money and demand deposits from other
banks.
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Securities Sold under Repurchase Agreements
Maybank Indonesia recorded Rp2.0 trillion of securities sold under repurchase agreements in 2023, an increase from the previous year
which was recorded at Rp111.9 billion.
Derivative Payables
Maybank Indonesia's derivative payables increased by 31.6% to Rp963.1 billion, compared to Rp731.7 billion in the previous year. This
increase was mainly due to an increase in derivative payables from third parties to Rp710.4 billion from Rp535.2 billion.
Acceptance Payables
In 2023, the Bank recorded acceptance payables of Rp512.0 billion, down 39.4% compared to the previous year of Rp845.4 trillion.
Securities Issued
Apart from Third Party Funds (DPK), the Bank also issues debt securities as a source of funding. In 2023, debt securities or outstanding
bonds amounted to Rp4,2 trillion, compared to Rp5.1 trillion in 2022.
From total outstanding bonds, the bonds issued by Maybank Indonesia amounted to Rp1.1 trillion. The remainder is in the form of
bonds issued by subsidiaries, namely Maybank Indonesia Finance of Rp1.6 trillion and WOM Finance of Rp1.5 trillion. More complete
information regarding these debt securities can be seen in the bond overview section and company profile regarding the chronology of
bond listing.
The composition of debt securities in the form of consolidated corporate bonds issued by Maybank Indonesia and subsidiaries is as
follows:
Securities issued composition
25,2% 43,2%
Sustainable 36,4% Sustainable 22,8%
Bonds of Sustainable Bonds of Sustainable
Maybank Bonds of Maybank Bonds of
Indonesia WOM Indonesia WOM
34%
38,4%
2023 2022
MIF Bonds
MIF Bonds
During 2023 and 2022, the Bank and subsidiaries have fulfilled the clauses related to covenant and obligations according to the Bond
Trustee Agreement. The proceeds from the issuance of Maybank Indonesia bonds were used to increase productive assets in order to
develop the Bank's business, especially for lending.
Borrowings
On a consolidated basis, the Bank obtains loans from third parties, most of which are utilised by subsidiaries to support motor vehicle
ownership financing. Loans received in 2023 amounted to Rp7.7 trillion compared to the previous year's value of Rp9.9 trillion. Of the
total loans received, the portion for Motor Vehicle Ownership Financing Facility increased by 22.1% reaching Rp5.0 trillion compared to
the previous year of Rp4.1 trillion.
Loans received in the form of interbank loans also showed a decrease. In 2023, Rupiah-denominated third party interbank loans
amounted to Rp2.8 trillion from Rp5.9 trillion in the previous year.
Tax Payables
In 2023, Maybank Indonesia's recorded Rp395.2 billion of tax payables, compared to Rp422.1 billion in the previous year. This decrease is
in line with the decrease in taxable income from the Bank and its subsidiaries.
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Accrued Expenses and Other Liabilities
The accrued expenses and other liabilities accounts increased in line with the increase in provision for employee benefits, from Rp1.4
trillion in 2022 to Rp1.5 trillion in 2023. Cumulatively this account reached Rp3.7 trillion from Rp3.3 trillion in the previous year.
Subordinated Bonds and Loans
The Bank did not issue subordinated bonds throughout 2023, and at the end of 2023, the balance of total outstanding subordinated
bonds was nil.
However, on 23 August 2023, the Bank has issued Subordinated Long Term Notes (LTN) amounting to Rp100 billion as stipulated in the
Financial Services Authority (OJK) Regulation No. 39/POJK.04/2019 concerning Issuance of Debt Securities and/or Sukuk which are
conducted without going through a public offering with bearing fixed interest rate at 7.90% per annum, with 10 (ten) years tenor since
Issuance Date.
EQUITY
In 2023, the Bank’s total equity amounted to Rp30.8 trillion, up by 4.3% from the amount in 2022 at Rp29.5 trillion. This increase was
mainly due to the increase in retained earnings to Rp17.1 trillion, a growth of 7.2% from the level in the previous year at Rp16.0 trillion.
(in blllion Rupiah)
Changes
Equities 2023 2022
Nominal Percentage
Issued and fully paid capital 3,856 3,856 0 0.0%
Additional paid-in capital 6,357 6,357 0 0.0%
Other equity components 2,150 2,099 50 2.4%
General reserve 771 771 0 0.0%
Retained earnings 17,124 15,969 1,155 7.2%
Non-controlling interest 538 481 57 11.8%
Total 30,796 29,534 1,262 4.3%
CONSOLIDATED STATEMENT OF INCOMES AND OTHER COMPREHENSIVE INCOMES
(in blllion Rupiah)
Changes
Laporan Laba Rugi Konsolidasian 2023 2022
Nominal Percentage
Interest and Syariah income 11,884 10,400 1,483 14.3%
Interest and Syariah expenses 4,650 3,423 1,228 35.9%
Net interest and Syariah income 7,234 6,978 256 3.7%
Total other operating income 2,035 1,760 274 15.6%
Operating income - gross 9,268 8,738 530 6.1%
Total other operating expenses 5,805 5,416 390 7.2%
Operating income before provision - net 3,463 3,322 141 4.2%
Provision Expense 1,115 1,266 (151) -11.9%
Operating income after provision - net 2,348 2,056 292 14.2%
Non-operating expenses - net 7 (16) 23 -142.5%
Profit before tax 2,355 2,040 314 15.4%
Tax expense - net (537) (507) (30) 5.9%
Profit after tax 1,818 1,533 285 18.6%
Non-controlling interest 74 62 12 19.6%
Profit after tax and Controlling Interest (PATAMI) 1,743 1,471 272 18.5%
Earnings per share (full amount) 22.9 19.3 4 18.5%
*) After restatement in accordance with DSAK-IAI press release on ‘Attribution of Benefits in the Service Period
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Net Interest Income
In 2023, the Bank recorded an increase of 3.7% in net interest income to Rp7.3 trillion from 2022 which was recorded at Rp7.0 trillion
supported by higher yield assets and better earnings assets composition. The Bank recorded a Net Interest Margin (NIM) ratio increased
by 7 bps to 4.96% in 2023 from 4.89% in 2022, despite rising cost of deposits inline with the increase in Bank Indonesia (BI) rate
throughout the year.
Interest and Sharia Incomes
In 2023, Maybank Indonesia recorded consolidated interest and sharia income of Rp11.9 trillion, up 14.7% from the position in 2022 at
Rp10.4 trillion due to better earning assets composition in line with increase of loans and better yields. Interest and sharia income was
mainly contributed by an increase in loans, consumer financing receivables and sharia income by 13.5%, 18.8% and 16.0% respectively.
(in blllion Rupiah)
Changes
Interest and Shariah Incomes 2023 2022
Nominal Percentage
Loans 5,648 4,978 670 13.5%
Shariah 2,483 2,090 392 18. 8%
Consumer financing receivables - net 2,116 1,824 292 16.0%
Marketable securities 1,399 1,313 86 6.5%
Placements with Bank Indonesia and other banks 235 188 47 24.8%
Others 4 7 (4) -48.2%
Total Interest and Shariah Income 11,884 10,400 1,483 14.3%
Interest and Shariah Income Compotitions
11,8% 12,6%
Marketable 2,0% Marketable 1,9%
securities Others securities Others
20,9% 47,5% 20,1% 47,9%
2023 2022
Shariah Loans Shariah Loans
17,8% 17,5%
Consumer Consumer
financing financing
receivables receivables
- net - net
Interest Expenses and Sharia
Maybank Indonesia's interest expense rose 35.9% to Rp4.7 trillion in 2023 compared to Rp3.4 trillion in 2022. This increase was mainly
from time deposit expenses, current account, syariah expenses and borrowings by 54.5%, 37.9%, 61.9% dan 69.9% respectively.
Interest expenses on time deposits have the largest portion, namely 31.7% of the total interest expenses on customer deposits in 2023
and 27.9% in 2022. Meanwhile, interest expenses from current accounts and savings (CASA) have a portion of 16.3%, down from 18.1% in
the previous year.
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(in blllion Rupiah)
Changes
Interest and Shariah Expenses 2023 2022
Nominal Percentage
Time deposits 1,475 955 520 54.5%
Savings 1,185 732 453 61.9%
Current Account 596 432 164 37.9%
Shariah 565 332 232 69.9%
Certificate of deposit 331 404 (73) -18.0%
Call money 226 217 9 4.1%
Securities issued 163 185 (22) -12.0%
Subordinated bonds 72 24 48 195.3%
Loans received 37 77 (40) -51.7%
Third party fund guarantee premium - 63 (63) -100.0%
Total Interest and Shariah Expenses 4,650 3,423 1,228 35.9%
Interest and Sharia Expense Compotition
6,4% 8,9%
12,1% Other 9,7% Other
Certificate of Certificate of
deposit deposit
31,7% 27,9%
Time Time
7,9% deposits
14,1% deposits
Securities issued Securities issued
and Subordinated and Subordinated
2023 2022
Bonds Bonds
3,5% 5,4%
Tabungan Savings
25,5% 12,8% 21,4% 12,6%
Shariah Current accounts Shariah Current accounts
Other Operating Income
In 2023, the Bank recorded other operating income (fee based income) of Rp2.0 trillion, increased by 15.6% compared to the position
in 2022 of Rp1.8 trillion. This achievement was from Global Market transaction fee income grew by 33.6% to Rp181 billion from Rp136
billion. In addition, non-Global Markets business also registered increase in fee-based income of 14.1% to Rp1.9 trillion from Rp1.6
trillion, deriving from asset recovery fees, credit card fees and fees from the two wheeler financing.
Other Operating Expenses
Other operating expenses (overhead costs) consists of general and administrative expenses and labor expenses.
In 2023, Maybank Indonesia continued to step up with various marketing campaigns and invest in modernising IT infrastructures as
well as cybersecurity. The Bank also invested in human capital and talent developments to support business growth, resulting in a total
Bank’s overhead costs increase of 7.2% to Rp5.8 trillion from Rp5.4 trillion.
Provision Expenses
Provision expenses are the total allowance for impairment losses on financial instruments and allowance for losses on non-productive
assets. In 2023, the Bank recorded a provision expense of Rp1.1 trillion compared to 2022 which was Rp1.3 trillion.
Amidst challenging economic conditions, the Bank consistently takes conservative steps and proactively reserves provisions for
portfolios across all business segments. The Bank assisted debtors who are still facing challenges by implementing a credit restructuring
program to maintain the quality of the Bank's assets. This proactive effort was able to contribute to reducing the provision expenses.
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Profit Before Income Tax provision expenses have decreased, supported by improvements
In 2023, the Bank posted a profit before income tax of Rp2.3 in asset quality. All of these achievements contributed to
trillion, an increase of 15.41% compared to the previous year's increasing Bank Profits.
position of Rp2.0 trillion.
Earnings Per Share
Net Profit After Tax and Non-Controlling Interests Earnings per share (EPS) in 2023 decreased to Rp22.9 per share,
(Patami) from Rp19.3 per share in 2022.
In 2023, the Bank succeeded in recording a Consolidated Net
Profit After Tax and Non-Controlling Interests (PATAMI) of Rp1.7 Profit For The Current Year Attributable To Owners Of The
trillion, up 18.5% from Rp1.5 trillion in 2022. Parent Entity
This achievement was driven by an improvement in the Bank’s Profit for the year attributable to Owners of the Parent Entity
Operating Income backed by better loan yields and improved amounted to Rp1.7 trillion in 2023 compared to Rp1.5 trillion in
asset composition, particularly in the retail and Retail Small the previous year.
Medium Enterprises loans (classified by the Bank as RSME)
segments, and Shariah Business Unit, as public consumption and Comprehensive Profit For The Current Year Attributable
economy in Indonesia continued to improve throughout 2023. To Owners Of The Parent Entity
The bank also recorded an increase in fee-based income from Comprehensive profit for the current year attributable to the
Global Markets (GM) transactions, recovery income, fee income Owners of the Parent Entity reached Rp1.8 trillion in 2023
related to the credit card and fees from two wheeler financing compared to Rp1.1 trillion in the previous year.
business. Overhead costs have been managed effectively and
CONSOLIDATED STATEMENT OF CASH FLOWS
(in blllion Rupiah)
Changes
Cash Flow Statement 2023 2022
Nominal Percentage
Net cash (used in)/provided by operating activities 5,263 (12,708) 17,971 (141.4%)
Net cash provided by investing activities (4,028) 1,901 (5,929) (311.9%)
Net cash provided by/(used in) financing activities (2,511) 1,894 (4,405) (232.5%)
Net decrease in cash and cash equivalents (1,276) (8,913) 7,637 (85.7%)
Cash and cash equivalents at the beginning of the year 15,740 24,253 (8,513) (35.1%)
Cash and cash equivalents at the end of the year 14,413 15,740 (1,327) (8.4%)
Cash Flows from Operating Activities
In 2023, the Bank reported that net cash obtained from operating activities recorded a surplus of Rp5.3 trillion. In the previous year, net
cash obtained from operating activities recorded a deficit of Rp12.7 billion. This was mainly influenced by deposits from customers and
from other banks which were recorded at Rp11.4 trillion as well as interest and sharia income receipts of Rp11.9 trillion in 2023.
Cash Flows from Investment Activities
In 2023, Maybank Indonesia posted a net cash deficit from investment activities of Rp4.0 trillion, mainly due to the sale of securities
measured at fair value through other comprehensive income worth Rp2.6 trillion. In the previous year, the Bank reported that net cash
obtained from investment activities was a surplus of Rp1.9 trillion due to the sale of securities purchased with agreements to resell
which reached Rp2.0 trillion, which was offset by the purchase of securities measured at fair value through other comprehensive income
valued at Rp293.0 billion.
Cash Flows from Funding Activities
In 2023, Maybank Indonesia reported a deficit of Rp2.5 trillion in net cash obtained from funding activities. In the previous year, the
Bank reported net cash used for funding activities as a surplus of Rp1.9 trillion. In 2023, the Bank recorded cash repayment for its
borrowings. Meanwhile, in 2022, the Bank recorded a /proceeds from borrowinga and proceeds from securities issued.
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KEY FINANCIAL RATIOS
During 2023, the Bank is committed to carrying out its intermediation function in the distribution of loans to various customer segments
while still complying with Bank Indonesia and Financial Services Authority regulations and applicable laws. The Bank also consistently
implements good corporate governance and prioritises the principle of prudence in carrying out business activities.
On an ongoing basis, the Bank meets the applicable provisions regarding compliance ratios regulated by the regulator, including capital,
productive assets, profitability, liquidity and ongoing compliance as follows:
Rasio Keuangan Utama 2023 2022 2021* 2020 2019
Capital
Capital Adequacy Ratio (CAR) 27.74% 26.65% 27.10% 24.31% 21.38%
Tier 1 Capital CAR 26.57% 25.57% 25.89% 22.80% 19.54%
Supplementary Capital CAR 1.17% 1.08% 1.21% 1.51% 1.84%
Asset Quality
1. Non-performing earning assets and non-performing non-producing 1.55% 1.88% 2.71% 2.81% 2.78%
assets to total earning assets and non-producing assets
2. Non-performing earning assets to total earning assets 2.08% 2.49% 2.32% 2.58% 2.62%
3. Non-performing loan ratio (NPL) - Gross 2.92% 3.46% 3.69% 4.00% 3.33%
4. Non-performing loan (NPL) ratio - Net. 1.88% 2.34% 2.56% 2.49% 1.92%
5. Provision for impairment losses on financial assets to earning assets 2.36% 2.45% 2.18% 2.09% 1.72%
Revenues
1. Return on Average Assets (ROA) 1.41% 1.25% 1.34% 1.04% 1.45%
2. Return on Average Equity (ROE) 6.20% 5.44% 6.36% 5.13% 7.73%
3. Net Interest Margin (NIM) 4.96% 4.89% 4.69% 4.55% 5.07%
4. Other Operating Income to Operating Income (BOPO) Ratio 83.13% 83.10% 82.69% 87.83% 85.78%
5. Cost to income ratio (CIR) 63.84% 63.25% 59.62% 59.66% 59.88%
Liquidity
1. Loan to Deposit Ratio (LDR) 96.32% 98.31% 86.18% 89.10% 107.64%
2. Leverage Ratio 15.96% 16.67% 15.74% 14.26% -
3. Liquidity Coverage Ratio (LCR) 210.22% 172.28% 183.97% 212.63% 146.49%
4. Net Stable Funding Ratio (NSFR) 114.19% 108.09% 109.03% 115.07% 106.69%
Compliance
1. a. Percentage of BMPK Violations - - - - -
i. Related Party - - - - -
ii. Unrelated Party
b. Percentage of LLL Exceedance
i. Related Party - - - - -
ii. Unrelated Party - - - - -
2. Statutory Reserve Requirement (GWM)
a. GWM Rupiah
i. Daily 7.12% 8.47% 4.13% 3.88% 6.06%
ii. Average 8.81% 8.18% 3.71% 3.21% 6.14%
b. Foreign Exchange GWM 4.58% 4.45% 4.47% 4.36% 8.41%
3. Net Open Position 3.81% 2.15% 2.86% 6.42% 3.97%
*) After restatement in accordance with DSAK-IAI press release on ‘Attribution of Benefits in the Service Period’
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PRIME LENDING RATE
Maybank Indonesia is obliged to disclose and publish the Prime Lending Rate (SBDK) in Rupiah currency as stipulated in the Financial
Services Authority Regulation (POJK) Number 37/POJK.03/2019 concerning Transparency and Publication of Bank Reports and Financial
Services Authority Circular Letter (SEOJK) Number 9/SEOJK.03/2020 concerning Transparency and Publication of Conventional
Commercial Bank Reports.
SBDK is aimed at improving good governance and encouraging fair competition in the banking industry, among others, by creating a
better market discipline. In addition, the disclosure and publication of the SBDK is the Bank’s effort to provide clarity to customers and
facilitate customers in weighing the benefits, costs and risks of the credit offered.
SBDK is used as the basis for determining the lending rate to be charged by the Bank to customers. The calculation of the base lending
rate only applies to loans denominated in Rupiah. SBDK does not take into account the estimated risk premium component, the amount
of which depends on the Bank’s assessment of the risk of each debtor or group of debtors. Thus, the amount of credit interest rate
charged to debtors is not necessarily the same as the SBDK.
In determining the SBDK, the Bank takes into account 3 (three) components, namely the Cost of Funds for Credit (HPDK) arising
from customer fund raising activities, overhead costs incurred by the Bank in the form of non-interest operating costs incurred for
fund raising and lending activities including tax costs that must be paid, and the profit margin component set by the Bank in lending
activities.
However, the SBDK calculation does not take into account the risk premium component of each customer. The estimated risk premium
is the Bank’s assessment of the prospects for credit repayment by prospective debtors. The calculation of SBDK must be reported to
Bank Indonesia and published for 4 (four) types of loans in Rupiah, namely corporate loans, retail loans, micro loans, and consumer loans
(consisting of mortgages and non-mortgages).
Maybank Indonesia periodically reviews the SBDK through the Assets & Liabilities Management Committee (ALCO) Meeting and has
been published through national newspapers and the company website (https://www.maybank.co.id/others/SBDK).
Maybank Indonesia’s Prime Lending Rate (SBDK) report for the 2023 reporting period is as follows:
Prime Lending Rate 2023 by Business Segment
Consumer Loans
Description Corporate Loans Retail Loans Micro Loans*
Mortgages Non Mortgages
March 8.00% 9.00% N/A 8.00% 8.75%
June 8.00% 9.00% N/A 8.00% 8.75%
September 8.00% 9.00% N/A 8.00% 8.75%
December 8.00% 9.00% N/A 8.00% 8.75%
* In accordance with the decision of the ALCO meeting on March 4, 2020, the calculation of SBDK Micro Credit is no longer published because the
Bank no longer provides micro segment loans.
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COMMITMENTS AND CONTINGENCIES
Maybank Indonesia has commitments to provide loan facilities to customers and contingencies, including in the form of bank guarantees
and stand-by L/Cs. In 2023, the cumulative total of commitment liabilities and contingent liabilities amounted to Rp2,4 trillion and Rp1.9
trillion, respectively. The details of commitments and contingencies held by the Bank and their comparison in the last two years are as
follows:
(in billion Rupiah)
Change
Commitments And Contingencies 2023 2022
Nominal Percentage
Commitments
Commitments Receivables
Others 140 311 (170) -54.9%
Total Commitment Receivables 140 311 (170) -54.9%
Commitment Liabilities
Unused loan commitments granted to customers 1,171 1,186 (14) -1.2%
Outstanding irrevocable L/Cs 1,093 874 219 25.1%
Others 158 311 (153) -49.1%
Total Commitment Liabilities 2,422 2,370 52 2.2%
Contingencies
Contingent receivables
Guarantees received 14 1 13 1335.2%
Total Contingent Receivables 14 1 13 1335.2%
Contingent Liabilities
Guarantees issued in the form of:
Bank guarantees 1,686 1,286 400 31.1%
Standby L/Cs 94 117 (23) -19.8%
Total Contingent Liabilities 1,780 1,403 377 26.8%
OTHER MATERIAL INFORMATION
Solvency And Collectability
Solvency
The Bank evaluates its capacity to fulfill all liabilities, encompassing both short-term and long-term commitments, utilising diverse
metrics such as liquidity ratio, solvency ratio, and profitability ratio. Maybank Indonesia is acknowledged for its outstanding debt-
servicing proficiency, as attested by domestic and international credit rating agencies.
Maybank Indonesia has been granted a corporate rating of idAAA with a Stable outlook by the national credit rating agency, Pefindo.
Simultaneously, the international credit rating agency, Fitch Ratings, has assigned national ratings of AAA(idn) and F1+(idn) for the
long-term and short-term, respectively, accompanied by a Stable outlook for the long-term rating. The bank's involvement in the deposit
insurance program administered by the Deposit Insurance Agency (LPS) additionally reinforces its capacity to meet financial obligations.
Short-Term Debt Paying Ability (Bank Liquidity)
Maybank Indonesia employs liquidity ratios to evaluate its capacity to fulfill short-term obligations. A key metric in assessing robust
liquidity is the Loan to Deposit Ratio (LDR), which compares the disbursed loan amount against the funding base. Furthermore, the
Liquidity Coverage Ratio (LCR) is applied, comparing High-Quality Liquid Assets (HQLA) with the projected net cash outflows over the
ensuing 30 days during a crisis situation. The regulatory framework stipulates a minimum LCR of 100%, as governed by POJK No. 42/
POJK.03/2015 pertaining to LCR.
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In 2023, Maybank Indonesia's LDR ratio reached 96,32%, and the Profitability Ratio
Liquidity Coverage Ratio (LCR) reached 210.22%. The Bank also Maybank Indonesia calculates financial ratios to measure
maintains a Net Stable Funding Ratio (NSFR) to enhance funding profitability and performance efficiency. The calculated ratios
stability. The NSFR ratio is calculated by comparing Available include Return on Assets (ROA), Return on Equity (ROE),
Stable Funding to Required Stable Funding. Maybank Indonesia's Net Interest Margin (NIM), Cost-to-Income Ratio (CIR), and
NSFR ratio is 114.19%, surpassing the regulator's requirement Operating Expense-to-Operating Income Ratio (BOPO).
of 100% as stipulated in POJK No. 50/POJK.03/2017 regarding
NSFR. In 2023, Maybank Indonesia reported ROA and ROE ratios of
1.41% and 6.20%, respectively, while the Net Interest Margin
Overall, considering the aforementioned ratios, Maybank (NIM) was 4.96%. The BOPO ratio was recorded at 83.13%.
Indonesia has met the standards indicative of a "highly liquid"
status, contributing to the assessment of the Bank's financial Loan Collectability And Analysis of Earning Asset Quality
soundness. Maybank Indonesia prudently oversees the quality of its earning
assets, with a particular emphasis on credit, exerting a positive
Ability to Pay Long-Term Debt (Solvency Ratio) influence on the enhancement of the Non-Performing Loan
One parameter utilised in gauging solvency ratios is the capital (NPL) ratio. In 2023, Maybank Indonesia reported a gross NPL
adequacy ratio (CAR). The Capital Adequacy Ratio (CAR) is a ratio (Bank only) of 3.17% and a net NPL ratio of 2.06%, an
metric that signifies the ratio of capital to risk-weighted assets improvement compared to the previous year's figures of 3.81%
(RWA). and 2.59%, respectively. On a consolidated basis, the gross NPL
ratio is 2,92%, and the net NPL ratio is 1,88%, compared to the
Maybank Indonesia consistently ensures that the bank sustains previous year's figures of 3.46% (gross) and 2.34% (net). The
a level of capital adequacy sufficient to fulfill the specified ratios, Loan At Risk (LAR) continues to improve, reaching 8,94% as of
covering credit risk, market risk, and operational risk. As of the December 31, 2023, compared to 12.72% as of December 31, 2022.
year 2023, the recorded CAR ratio for the bank stands at 27,74%,
markedly exceeding the minimum CAR ratio mandated by
regulatory authorities.
The Bank categorises loans extended to customers according to their level of collectability, delineated as follows:
( in Billion Rupiah)
Changes
Description 2023 2022 2021
2023-2022 2022-2021
Current 108,669 100,862 93,922 7.7% 7.4%
Special Mention 4,086 3,353 4,193 21.9% -20.0%
Non Performing 3,247 3,600 3,655 -9.8% -1.5%
Total Loan Overdue 7,333 6,954 7,848 5.5% -11.4%
Total Loan - Gross 116,002 107,815 101,771 7.6% 5.9%
% % Total arrears to the total loans - gross 6.3% 6.4% 7.7% -0.1% -1.3%
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Maybank Indonesia continues its efforts in credit risk CAPITAL STRUCTURE
management to ensure the preservation of the credit Capital Structure Management
collectability level. In 2023, the non-performing loan (NPL) In compliance with OJK Regulation No. 11/POJK.03/2016
amount gross stands at Rp7.3 trillion, accounting for 6.3% of the regarding the Minimum Capital Adequacy Requirement for
total credit, marking a decline from the 2022 figure of 6.4%. Commercial Banks and OJK Regulation No. 34/POJK.03/2016
regarding changes to POJK No. 11/POJK.03/2016, banks are
The Bank diligently monitors the quality of the credit portfolio required to provide a minimum capital in accordance with the
and assists affected customers in managing their obligations. risk profile. The Bank’s minimum capital based on the current risk
Proactively, the Bank provides support to debtors, especially profile is 9%, up to less than 10% of Risk-Weighted Assets (RWA).
those still impacted by the pandemic, by analyzing the debtor's In addition to the minimum capital adequacy requirement in
business conditions and focusing on restructuring. accordance with the risk profile, the Bank is also obligated
to provide additional capital as buffers, with a breakdown as
The restructured loans include, among others, loans with follows: (i) Capital Conservation Buffer; (ii) Countercyclical
extended terms and/or reduced interest rates. In 2023, the Buffer; and/or (iii) Capital Surcharge for Systemically Important
total restructured loans for the Bank amount to Rp6.7 trillion, a Bank. FY2023, the additional capital buffer required is Capital
decrease of 29.6%, or Rp2.8 trillion, compared to the 2022 figure Conservation Buffer of 2.5%, Countercyclical Buffer of 0%, and
of Rp9.5 trillion. Capital Surcharge for Systemically Important Bank of 1%. The
Countercyclical Buffer and Capital Surcharge for Systemically
Compliance Ratio Important Bank requirement will be reviewed by Otoritas Jasa
Throughout the year 2023, Bank Indonesia employs a Keuangan twice a year. All of the required additional capital
combination of monetary, macroprudential, and payment system buffers must be fulfilled by Common Equity Tier 1 (CET 1).
policies, along with the management of the Rupiah, with the aim
of achieving and sustaining the stability of the Rupiah's value. As of 31 December 2023 (unaudited), the Capital Adequacy Ratio
These policies are continuously evaluated over time, considering (CAR) for the Bank only stood at 27.74%, is still well maintained
the dynamics of the global and domestic economies. The policy above the minimum capital requirement after incorporating
mix includes monitoring several compliance ratios, such as the required additional capital as a buffer. In addition, the Tier 1
the Minimum Reserve Requirement (GWM), adherence to the ratio (currently the same as the CET 1 ratio) at 26.57% is also still
Maximum Credit Limit (BMPK), and compliance with the Net above the minimum requirement (Tier 1 of 6% and CET 1 of 4.5%),
Foreign Exchange Position (PDN). which indicates that the Bank has the required capital reserves
to absorb all identified risks and ensures the availability of
In 2023, Maybank Indonesia consistently complies with the sustainable capital to overcome all risks, especially in the event
BMPK ratio as stipulated by the regulatory authority, preventing of a financial and economic crisis that could disrupt financial
any instances of non-compliance or breaches in BMPK, and system stability.
satisfying the GWM and PDN ratios elucidated in the table
provided in the discourse on pivotal financial ratios. The Bank planned to optimise its capital structure. As of 31
December 2023 (unaudited), the Bank’s capital structure consists
of 96% equity and 4% subordinated debt. Going forward, the
Bank will constantly maintain its optimum capital structure in
order to support business growth. In addition, the Bank will also
maintain a sound and robust capital structure to establish more
room for optimum business growth, while at the same time
maintaining a prudent capital level and in compliance with the
prevailing standards.
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(In Billion Rupiah)
2023 2022
Capital
Individual Consolidated Individual Consolidated
Capital
Core Capital (Tier I) 25.04% 26.57% 24.54% 25.57%
Supplementary Capital (Tier II) 1.17% 1.17% 1.12% 1.08%
Total Capital 26.21% 27.74% 25.66% 26.65%
Risk Weighted Assets (RWA)
RWA for credit risk 80.961 92.528 77.959 87.334
RWA for market risk 3.719 3.708 2.284 2.273
RWA for operational risk 10.181 11.254 14.349 18.703
Total RWA 94.879 107.511 94.591 108.309
Capital Ratio
Tier 1 CAR 25,04% 26,57% 24,54% 25,57%
Tier 2 CAR 1,17% 1,17% 1,12% 1,08%
CAR Ratio 26,21% 27,74% 25,66% 26,65%
Management Policy on Capital Structure
The Bank’s management designed an optimal capital structure in the capital planning process and monitored its capital requirements on
a regular basis, which was supported by data analysis. The optimum capital structure will be constantly maintained to ensure a strong
capital level while at the same time providing sufficient room to support business growth.
The capital requirement of the Bank is calculated using Capital Adequacy Ratio (CAR) tools, which reflect the capability to cover
anticipated loss risk borne by the Bank. The higher CAR indicates the higher capability of the bank to absorb risks from its loans or other
earning assets and to contribute to profitability.
Based on the Risk-Based Bank Rating (RBBR) assessment as of June 2023, the Bank’s risk profile stood at Low to Moderate (2), which
implied a minimum total capital of 9% up to less than 10% of Risk-Weighted Assets (RWA). In addition, following POJK No. 34/
POJK.03/2016 regarding changes on POJK No. 11/POJK.03/2016 regarding Minimum Capital Adequacy Requirement for Commercial
Banks, the Bank is required to set aside additional capital as buffers, i.e., a Capital Conservation Buffer of 2.5%, a Countercyclical Capital
Buffer of 0% and a Capital Surcharge for D-SIB buffer of 1%. Thus, the minimum total capital to be fulfilled for 2022 is 13.5% of RWA.
The Bank’s CAR (bank only), after taking into account credit risk, market risk, and operational risk factors as of 31 December 2022
(unaudited), was 27.74%, or still well maintained above the minimum regulatory requirement.
The Basis for Selecting Management’s Policy on Capital Structure
In managing its capital plan, the Bank takes into consideration an economic forecast, potential business growth, risk appetite, stress test
results, and the targeted capital ratio. With these considerations in mind, the Bank will be able to manage through the economic cycle,
take advantage of business growth and strategic opportunities, maximise shareholder returns, and operate the business within its risk
appetite and in compliance with prevailing regulations.
To accomplish this objective, the Bank’s capital management policy is being set to ensure strong capital linkage with the Bank’s
business strategy and future growth, as well as compliance with the regulation. In addition, the Bank will continuously align its capital
management and financial adequacy with risk appetite in the capital planning process and the Internal Capital Adequacy Assessment
Process (ICAAP).
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INVESTMENT IN PROPERTY
Until the period ending on December 31, 2023, Maybank Indonesia does not possess any property assets designated for investment
purposes.
MATERIAL COMMITMENTS FOR INVESTMENTS IN CAPITAL GOODS
Maybank Indonesia does not have any material commitments or ties related to capital goods investments until the conclusion of
the year 2023. Therefore, information pertaining to the entities involved in such commitments, the purpose of these commitments,
expected funding sources, the currency denomination, and the Bank’s planned measures to mitigate risks associated with foreign
currency positions is not presented in this Annual Report.
REALISED CAPITAL INVESTMENTS IN THE LAST FISCAL YEAR
The Bank's capital investments primarily encompass land, buildings, computer hardware, ATM machines, motor vehicles, and software
(including licenses) used for the Bank's operational activities and in line with sustained business expansion.
Maybank Indonesia conducted capital goods investments in 2023 amounting to Rp596 billion, compared to Rp373 billion in the
preceding year. The majority of the Bank's investments are focused on building infrastructure in digital development, modernisation of
IT infrastructure and strengthen cyber resilience. Detailed information regarding capital investments in the years 2023 and 2022 is as
follows:
(In Billion Rupiah)
Investment Value
No Types of Capital Expenditures Investment Objective
2023 2022
1 Land Provide benefit values going forward aim 4 2
at supporting operations needs in line
2 Buildings, including leasehold 33 43
with sustainable business expansion
improvement
3 Office Equipment 337 189
4 Installations 22 11
5 Motor Vehicles 20 21
6 Software (intangible assets) 180 106
TOTAL 596 373
MATERIAL INFORMATION AND SUBSEQUENT EVENTS
Maybank Indonesia has not recorded any material information or events occurring after the accountant's report date.
COMPARISON OF TARGETS AND REALISATION IN 2023 AND PROJECTIONS FOR 2024
TARGETS AND ACHIEVEMENTS IN 2023
SeAs outlined in the Bank's Business Plan (RBB), Maybank Indonesia has established several targets to be achieved for the fiscal year
2023. The comparison between the set targets and the achievements for the fiscal year 2023 is as follows:
No Description Target 2023* Realisation in 2023**
1 Deposits Rp115 trillion Rp116 trillion
2 CASA Rp60 trillion Rp59 trillion
3 Loans Rp105 trillion Rp102 trillion
4 Total Assets Rp165 trillion Rp158 trillion
5 LDR 89.21% 84.25%
6 NPL - gross 3.59% 3.17%
7 ROA 1.03% 1.09%
8 ROE 5.11% 5.77%
9 NIM 3.85% 3.89%
10 CIR 65.31% 66.59%
11 BOPO 85.23% 84.93%
12 CAR 26.13% 26.21%
* Bank Business Plan/RBB Target (Bank only)
** Performance Realisation (Bank only)
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Projections for 2024 4. Developing Banking-as-Service ecosystem and capabilities
Maybank Indonesia menetapkan target atau proyeksi untuk Expanding the collaboration network with digital financial
tahun buku 2024 sebagai berikut: industry players and others to increase the Bank's ability to
meet customers' varied transaction needs.
No Description Projections 2024* 5. Optimising growth of Sharia banking Prioritising Sharia-
based banking services and Wealth Management products
1 Deposits Rp126 trillion
that include retail and non-retail services, by approaching
2 CASA Rp64 trillion
Muslim communities in Indonesia.
3 Loans Rp112 trillion 6. Accelerating One-Maybank
4 Total Assets Rp173 trillion Synergy between Maybank Group entities in Indonesia in
5 LDR 89.07% offering a one-stop solution for all customer financial service
6 NPL - gross 3.20% needs.
7. Increasing the efficiency of support and operational
7 ROA 1.23%
functions
8 ROE 7.04%
Increasing operational efficiency with digitalisation,
9 NIM 3.89% supporting faster and more efficient financial services to
10 CIR 63.08% deliver the best service to customers.
11 BOPO 83.93%
12 CAR 25.31%
DIVIDEND DISTRIBUTION POLICY
* Bank Business Plan/RBB Target (Bank only)
Dividend Policy
The Bank disburses dividends in accordance with the prevailing
In 2024, despite facing challenges related to the implementation regulations in Indonesia, requiring approval from the
of the presidential and legislative elections, Indonesia's economic shareholders during the Annual General Meeting of Shareholders
growth still holds the potential to exceed 5%, with one key (AGM). The Bank has a policy that dividends can be distributed if
factor contributing to this growth being consumer consumption. there is excess cash from operational activities after setting aside
Investment activities may potentially slow down in the event of a certain reserve fund, financing activities, capital expenditures,
political uncertainty. and working capital. The maximum amount of dividends that
can be distributed is 50% of the Bank's Consolidated Net Profit
The inflation rate is also expected to remain under control within each year. However, if necessary, the Bank may decide not to
the target range of 3.0±1.0, serving as a primary measure to distribute dividends to shareholders from time to time, such
safeguard public purchasing power and overall price stability. as when the Bank needs the funds for business expansion,
compliance with capital adequacy requirements, or acquisitions.
Taking these factors into consideration, Maybank Indonesia
has formulated strategic focuses and initiatives to support the Dividends for the 2019 Financial Year
Bank's business growth in 2024. These were elaborated in the In accordance with the decision of the Annual General Meeting
M25+ Uplift Indonesia program, with the aim of strengthening held on March 30, 2020, the Bank distributed dividends for the
Maybank Indonesia in delivering innovative financial services and 2019 fiscal year. From the net profit of the Bank for the 2019
the best of customer journey, and include: fiscal year amounting to Rp1,842,520,250,740, Rp4,83505 (four
1. Increasing the productivity of Global Banking business rupiah, eight three five zero five cents) per share, or 20% of
Increasing collaboration between Global Banking business the net profit with a total maximum of Rp368,504,050,148, was
and the branch networks, as well as adding products & distributed as dividends to shareholders.
services, such as an integrated Trade Finance and Supply
Chain Management (SCM) solution, to provide added value. Dividends for the 2020 Financial Year
2. Increasing the productivity of CFS business In accordance with the decision of the Annual General Meeting
Increasing productivity to provide added value in the held on March 26, 2021, the Bank distributed dividends for the
Community Financial Services (CFS) business, such as 2020 fiscal year. From the net profit of the Bank for the 2020
product & savings features simplification and market fiscal year amounting to Rp1,266,347,622,457, Rp3,32308 (three
expansion. rupiah, three two three zero eight cents) per share, or 20% of
3. Growing MSMEs through digital channels the net profit with a total maximum of Rp253,269,524,491, was
Digital solution for MSME customers to get comprehensive distributed as dividends to shareholders.
business banking services, including digital loan applications,
and other beyond banking features.
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Dividends for the 2021 Financial Year
In accordance with the decision of the Annual General Meeting held on March 25, 2022, the Bank distributed dividends for the 2021
fiscal year. From the net profit of the Bank for the 2021 fiscal year amounting to Rp1,644,969,584,617, Rp6,47496 (six rupiah, four seven
four nine six cents) per share, or 30% of the net profit with a total maximum of Rp493,490,875,385 was distributed as dividends to
shareholders.
Dividends for the 2022 Financial Year
In accordance with the decision of the Annual General Meeting held on March 31, 2023, the Bank distributed dividends for the 2022
fiscal year. From the net profit of the Bank for the 2022 fiscal year amounting to Rp1,471,070,391,742, Rp7,72061 (seven rupiah, seven
two zero six one cents) per share, or 40% of the net profit with a total maximum of Rp588,428,156,697, was distributed as dividends to
shareholders.
Dividends for the 2023 Financial Year
The decision regarding the distribution of dividends from the net profit of the Bank for the 2023 fiscal year will be announced at the
Annual General Meeting in 2024.
Information regarding dividend payments made by the Bank for the last 5 fiscal years is as follows:
% Net Dividend per Share Total Dividend Announcement
Fiscal Year AGMS Date Payment Date
Profit (In Rp Full Amount) Payment (Rp billion) Date
2023 The decision to determine the distribution of dividends from the Bank’s net profit for the fiscal year 2023 will be submitted at the
2024 Annual GMS
2022 31 March 2023 40% 7.72061 1,471.1 3 April 2023 28 April 2023
2021 25 March 2022 30% 6.47496 493.5 29 March 2022 28 April 2022
2020 26 March 2021 20% 3.32308 253.3 30 March 2021 29 April 2021
2019 30 March 2020 20% 4.83505 368.5 30 March 2020 29 April 2020
EMPLOYEE AND/OR MANAGEMENT STOCK OWNERSHIP PROGRAM
As of 2023, Maybank Indonesia has not implemented a stock option program for the Board of Directors, Board of Commissioners,
or employees. Consequently, the Bank refrains from disclosing information concerning the quantity of ESOP/MSOP shares and their
utilisation, the duration, eligibility criteria for employees and/or management, and exercise prices.
REALISATION OF THE USE OF PROCEEDS FROM THE PUBLIC OFFERING
In 2023, Maybank Indonesia issued subordinated Long Term Notes (LTN) in the form of bonds, conducted without a public offering by PT
Bank Maybank Indonesia Tbk, with a principal amount of Rp100 billion. Details of the information regarding the LTN issued by the bank
are as follows:
(Dalam jutaan Rupiah)
Realised Value of Public Offering
Plan of Fund Usage Realisation of Fund Usage
Proceeds
Utilised by
Will be used by
the Company
the Company Remaining
to increase
to increase Proceeds
Types of Public Effective productive
No. Total productive from
Offerings Date Public assets in order
Proceeds assets in order Public
Offering Net Yield Total to develop the Total
from public to develop the Offering
Expenses Company’s
offering Company’s
business,
business,
namely
namely for
for credit
lending
distribution
Subordinated
Long Term Notes
(LTN) Conducted
Without Going
23 August
1 Through Public 100,000 549 99,451 99,451 99,451 99,451 99,451 -
2023
Offering by PT
Bank Maybank
Indonesia Tbk in
the Year 2023.
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IMPORTANT CHANGES IN THE BANK AND BANK BUSINESS GROUPS IN 2023
On December 8, 2023, a share ownership sale transaction involving UBS AG, London, was executed in Maybank Indonesia, and the
particulars are as follows:
Type of Information or Material Facts Sale of Shares Transaction involving PT Bank Maybank Indonesia Tbk
Description of Material Information Sale of UBS AG London's shareholding in the Company totaling 13,953,168,749 shares at Rp252 per share to
Multi Dynamic Fund, Global Agility Fund and Vital Solution Fund.
Prior to the transaction:
Composition of the Company's Shareholders as of December 7, 2023
Name Number of Shares Percentage
Sorak Financial Holding, Pte., Ltd. 34,312,479,550 45.0205%
Maybank Offshore Corporate Services (Labuan), 25,882,393,996 33.9596%
Sdn., Bhd.
UBS AG London 13,953,168,783 18.3076%
Public under 5% 2,067,153,492 2.7123%
TOTAL SHARES 76,215,195,821 100%
After transaction:
Composition of Shareholders of the Company as of December 8, 2023
Name Number of Shares Percentage
Sorak Financial Holding, Pte., Ltd. 34,312,479,550 45.0205%
Maybank Offshore Corporate Services (Labuan), 25,882,393,996 33.9596%
Sdn., Bhd.
Vital Solution Fund 6,653,168,749 8.7295%
Public under 5% 2,067,153,492 2.7123%
TOTAL SHARES 76,215,195,821 100%
Impact of Material Information or Facts The information or material facts disclosed do not have a material impact on the operational activities and
business continuity of the Company.
Other Information With this transaction, the Company has fulfilled the 7.5% Free-Float share portion, as stipulated in PT
Bursa Efek Indonesia Regulation Number I-A regarding "Listing of Shares and Equity Securities other than
Shares Issued by Listed Companies".
PROHIBITIONS, RESTRICTIONS AND SIGNIFICANT CONSTRAINTS ON THE TRANSFER OF
FUNDS BETWEEN THE BANK AND OTHER ENTITIES IN THE GROUP
During 2023, Maybank Indonesia did not record any significant restrictions, limitations, and constraints in the transfer of funds between
the Bank and other entities in the business group.
PROVISION OF FUNDS, COMMITMENTS, AND OTHER FACILITIES
With reference to the Bank’s internal policy regarding the provision of funds to related parties (individuals and groups, including
Executive Officers, Directors, and Commissioners of the Bank), this has been carried out reasonably on reasonable terms with the
approval of the Board of Commissioners. Transactions providing funds to related parties are described in the discussion of Material
Conflict of Interest Transactions and Transactions with Affiliated Parties/Related Parties.
OTHER SIGNIFICANT TRANSACTIONS IN SIGNIFICANT AMOUNTS
There were no other significant transactions conducted by Maybank Indonesia throughout 2023 other than those described in this
Management Discussion and Analysis chapter.
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INFORMATION ON TRANSACTIONS RELATED 1. The name of the transacting party and the nature of the
TO INVESTMENT, EXPANSION, DIVESTMENT, affiliate relationship;
ACQUISITION, AND RESTRUCTURING 2. Explanation of the fairness of the transaction;
3. The reason for the transaction;
Investment 4. Realisation of the transaction in the last fiscal year period;
Maybank Indonesia did not conduct any investment activities in 5. Company policy related to the review mechanism of the
2023, so information about the purpose, transaction value, and transaction; and
source of funds for investment activities is not provided. 6. Fulfillment of related rules and regulations.
Expansion During 2023, there were Affiliated Transactions that fulfilled the
Maybank Indonesia did not carry out any expansion activities in provisions of Bapepam LK Regulation Number IX.E.1 regarding
2023, so no information about the purpose, transaction value, or Affiliated Transactions and Conflict of Interest of Certain
source of funds for expansion activities is presented. Transactions (“Bapepam Regulation IX.E.1”) and/or Financial
Services Authority Regulation No. 42/POJK.04/2020 regarding
Divestment Affiliated Transactions and Conflict of Interest Transactions
During 2023, Maybank Indonesia did not conduct divestment (“POJK 42”) implemented by Maybank Indonesia.
activities so information related to the purpose, transaction
value and source of funds for divestment activities are not Affiliated Transactions in Maybank Indonesia that occurred
presented. before October 21, 2020 were carried out in accordance with
the provisions of Bapepam Regulation IX.E.1. Since October 21,
Acquisition 2020, Affiliated Transactions carried out by Maybank Indonesia
During 2023, Maybank Indonesia did not conduct any acquisition have been carried out in accordance with the provisions of
activities, therefore information related to the purpose, POJK 42, including by applying the “arms’ length” principle and
transaction value and source of funds for acquisition activities conducting procedures to ensure that affiliated transactions are
are not presented. in accordance with generally accepted business practices and
meet the principles of fair dealing.
Restructuring
There were no debt or capital restructuring activities in 2023. In accordance with Bapepam Regulation IX.E.1 and POJK 42,
Therefore, Maybank Indonesia does not provide information Affiliated Transactions are not all required to be reported to the
about restructuring activities, such as their purpose, transaction Financial Services Authority (“OJK”) and the Indonesia Stock
value, or source of funds. Exchange (“IDX”) if they do not meet the criteria that must be
reported to the OJK and IDX.
MATERIAL TRANSACTIONS THAT
CONTAIN CONFLICTS OF INTEREST AND All Affiliated Transactions conducted by Maybank Indonesia in
TRANSACTIONS WITH AFFILIATED PARTIES / 2023 were free of conflicts of interest, according to Financial
RELATED PARTIES Services Authority Regulation No. 42/POJK.04/2020 on
During 2023, Maybank Indonesia did not record any transactions "Affiliated Transactions and Conflict of Interest Transactions."
containing conflicts of interest. Therefore, the Bank does not
present information related to:
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TRANSACTIONS WITH AFFILIATED/RELATED PARTIES
In 2023, Maybank Indonesia conducted transactions with related parties as entities under the same control and/or management in
its business activities. In related party transactions, Maybank Indonesia provides the role of the Board of Commissioners and Audit
Committee in ensuring that the transaction is conducted at arm’s length. Then, the Board of Directors also ensures that related party
transactions have gone through adequate procedures carried out in accordance with generally accepted business practices.
The Bank and its subsidiaries conduct transactions with related parties in accordance with the provisions of Statement of Financial
Accounting Standards (PSAK) No. 7 regarding “Related Party Disclosures.” The types of transactions and balances with related parties,
whether or not conducted on the same normal terms and conditions as those with unrelated parties, are disclosed in the notes to the
consolidated financial statements.
Fairness, Review Mechanism and Regulatory Compliance of Transactions with Related Parties
Transactions with related parties are carried out on the same terms and conditions as transactions with third parties, except for
credit provided to key employees. Transactions conducted by Maybank Indonesia have complied with the regulations of the Capital
Market Supervisory Agency and Financial Institutions No. IX.E.1 concerning “Affiliated Transactions and Conflict of Interest in Certain
Transactions” at the time the transactions were conducted. In the normal course of business, the Bank conducts transactions with
related parties due to ownership and/or management relationships. All transactions with related parties have been carried out with
mutually agreed policies and terms.
Reasons for Related Party Transactions
Transactions with related parties are carried out primarily for the benefit and sustainability of the Bank’s business related to borrowing
and lending funds in the normal course of business.
Value of Related Party Transactions
In terms of affiliated transaction/related party transaction, the Bank disclose the name, relationship, nature and value for the material
of the affiliated transaction/related party transaction as detail on below table. In 2023, the total value of related party transactions on
the asset side amounted to Rp810 billion and on the liability side amounted to Rp2.8 trillion. The following is detailed information about
related parties with Maybank Indonesia and the nature of transactions carried out during 2023:
Related Party Nature of relationship Nature of transaction
Commissioners, Directors and Key management personnel, Loans and Sharia receivables/financing Deposits from customers,
executive officer Management Accrued expenses and other liabilities, Interest income, Interest
expenses, Personnel expenses.
Malayan Banking Berhad Ultimate shareholder Current accounts with other banks, Derivatives receivable,
Acceptances receivable, Prepayments and other assets, Deposits from
other banks, Derivatives payable, Securities issued, Accrued expenses
and other liabilities, Subordinated bonds, Interest income, Interest
expenses, Bank guarantee
Sorak Financial Holdings Pte. Ltd. Shareholder Deposits from customers, Interest expenses
Maybank Offshore Corporate Services Shareholder Deposits from customers, Interest expenses
(Labuan) Sdn. Bhd.
PT Maybank Sekuritas Indonesia Owned by the same ultimate Loans and Sharia receivables/financing, Investment in shares,
shareholder Derivatives receivable, Deposits from customers, Derivatives payable,
Interest income, Interest expenses
PT Maybank Asset Management Owned by the same ultimate Deposits from customers, Interest expenses
shareholder
UBS AG *) Shareholder Acceptance payables, Current accounts with other banks, Interest
income
MBB Labs Private Limited Owned by the same ultimate Deposits from customers, Interest expenses
shareholder
PT Asuransi Etiqa Internasional Indonesia Owned by the same ultimate Loans and Sharia receivables/financing, Deposits from customers,
shareholder Interest income, Interest expenses
Maybank Singapore Limited Owned by the same ultimate Deposits from other banks, Interest expenses
shareholder
*) Since 8 December 2023, UBS AG was no longer the Bank's related party (Notes 27a)
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(In million Rupiah)
Description 2023 2022
Assets
Current accounts with other banks 97 58
Financial investments 160 160
Derivative receivables 274 168
Loans and receivables/Sharia financing 251 109
Right-to-use assets - 1
Prepaid expenses and other assets 29 34
Related party transactions for assets 810 529
Liabilities
Current liabilities 2 6
Customer deposits 408 448
Deposits from other banks 1,439 1,022
Derivative liabilities 253 197
Acceptance liabilities 517 22
Securities issued 76 99
Accrued expenses and other liabilities 2 66
Subordinated bonds 99 470
Related party transactions for liabilities 2,796 2,329
CHANGES IN LAWS AND REGULATIONS THAT HAVE A SIGNIFICANT IMPACT ON THE BANK
Legislation
No Changes and Explanations Impact on Maybank Indonesia
(BI, OJK, BEI)
Bank Indonesia Regulation (“PBI”)/Bank Indonesia Circular Letter (“SEBI”)/Bank Indonesia Board of Governors Regulation (“PADG”)/Financial
Services Authority Regulation (“POJK”)/Financial Services Authority Circular Letter (“SEOJK”)/other regulations:
1. POJK Number 12 of POJK Number 12 of 2023 concerning Sharia Business Units regulates, 1. The Bank identifies and adjusts the
2023 concerning Sharia among others, capitalisation and licensing; Board of Directors, Board relevant current internal provisions
Business Units (UUS) of Commissioners, Sharia Supervisory Board (DPS) and Executive to be adjusted to POJK Number 12 of
Officers and Foreign Workers (TKA); UUS office network and UUS 2023, including adjustments to the
separation and consolidation. MBI Articles of Association, GCG
Manual, and SOPs related to office
networks.
2. Prepare and submit MBI's corporate
plan report, namely the Long
Term Plan which contains a long-
term strategy for UUS business
development.
3. Include short-term implementation
of the long-term strategy for UUS
business development in the Bank
Business Plan (RBB) of MBI and MBI
UUS.
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Legislation
No Changes and Explanations Impact on Maybank Indonesia
(BI, OJK, BEI)
2. POJK Number 17 of POJK Number 17 of 2023 concerning the Implementation of 1. The Bank identifies and adjusts the
2023 concerning the Governance for Commercial Banks (POJK Governance) is an relevant current internal provisions to
Implementation of umbrella provision that harmonises various provisions, both related the POJK on Governance, including
Corporate Governance to governance aspects which are regulated in separate topics in a adjustments to the Guidelines for
for Commercial Banks POJK, other related provisions, including providing strengthening or Committees under the Board of
adjusting policies according to current banking needs that apply to all Commissioners and Committees
Commercial Banks, both conventional and sharia. under the Board of Directors and
adjustments to the Bank's internal
The POJK on Governance regulates, among others, related to: policies.
a. The Bank's obligation to apply the principles of Good Governance 2. The Bank submits reports on the
to the Bank in the implementation of business activities. implementation of governance in a
b. Implementation of Good Governance principles in the Bank, timely manner.
which at least includes openness, accountability, responsibility,
independence and fairness, and is at least manifested in the
implementation of duties, responsibilities, and authorities
of the Board of Directors and Board of Commissioners,
completeness and implementation of committee duties, handling
conflicts of interest, implementation of compliance functions,
implementation of internal audit functions, implementation of
external audit functions, implementation of risk management,
remuneration, provision of funds to related parties and provision
of large funds, integrity of reporting and information technology
systems, the Bank's strategic plan, shareholder aspects,
implementation of anti-fraud strategies, implementation of
sustainable finance, and implementation of governance in bank
business groups, implementation of governance in 2 branch
offices of banks domiciled abroad, and administrative sanctions.
c. The POJK on Governance also regulates the report on the
implementation of governance and the assessment of the
implementation of governance.
3. POJK Number 21 of 1. The POJK is a follow-up to the 2020-2025 Indonesian Banking The Bank need to make adjustments to
2023 concerning Development Roadmap and the Digital Banking Transformation internal policies, service/product/system
Digital Services by Blueprint (2021). development processes, and reporting/
Commercial Banks 2. The POJK is a solution to issues in the implementation of licensing as a result of the issuance of this
(LDBU) Electronic Banking Services (LPE) and Digital Banking Services regulation.
(LPD), including:
1) There are differences in views between the Bank and the OJK
regarding the scope of Electronic Banking Services (LPE) and
Digital Banking Services (LPD), so that their implementation
gives rise to disputes.
2) There are limited number of banks that can provide Digital
Banking Services (LPD), as there are requirements related to a
minimum risk profile.
3) The need to align regulations with the latest regulations,
including those related to security aspects and protecting
customer data in the implementation of LPD, including
carrying out broader collaboration with bank partners.
3. There are several main provisions regulated in this POJK,
including:
1) Redefinition of Digital Banking Services into Electronic
Banking Services into digital banking services;
2) Recategorisation of Digital Services, which is divided into 2,
namely digital services provided by Banks and Digital Services
provided by Banks with Partners;
3) Adjustment of requirements for providing digital services that
focus on Bank’s IT and the formation of units/functions that
handle digital services;
4) Harmonisation of regulations regarding identification and
verification with POJK APU PPT PPSPM;
5) Digital Service licensing mechanisms and documents, as well
as Digital Service licensing related to payment systems;
6) Application of IT Adoption principles and electronic signatures
in the provision of Digital Services;
7) Implementation of consumer protection principles and
personal data protection principles in the provision of Digital
Services.
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Legislation
No Changes and Explanations Impact on Maybank Indonesia
(BI, OJK, BEI)
4. POJK Number 22 The POJK is an umbrella provision that harmonises various provisions 1. The Bank carries out regular training
of 2023 concerning governing PUJK behavior in product and/or service design, provision at least 1 (one) time in 1 (one) year for
Consumer and of product and/or service information, delivery of product and/ employees in the Consumer Protection
Community Protection or service information, marketing of products and/or services, function or unit.
in the Financial preparation of agreements related to products and/or services, 2. The Bank submits the following
Services Sector providing services for the use of products and/or services, and reports:
handling complaints and resolving disputes regarding products and/ a. Financial Literacy and Financial
or services. In addition, this regulation provides for strengthening and Inclusion plan report in the context
adjustment to aspects of consumer and community protection that of preparing and submitting a
have been regulated in another POJK. business plan no later than 30
November 2024;
b. Financial Literacy and Financial
Inclusion realisation report for
those who have the obligation to
prepare and submit a business plan
realisation report no later than 10
July 2024;
c. The first half-yearly Complaint
Service Report will be made no
later than 10 July 2024;
d. Report on the results of self-
assessment regarding compliance
with consumer and public
protection provisions once a year
no later than 30 September of the
current year.
3 The Bank carries out employee
capacity development regarding
Consumer and Community Protection
provisions in the Financial Services
Sector through regular training, at
least 1 (one) time in 1 (one) year for
employees in the Consumer Protection
function or unit.
4. The Bank identifies and adjusts the
relevant internal regulations so that
they are in line with the provisions in
this regulation.
5. SEOJK Number 24/ 1. The SEOJK is a follow-up to the implementation of Article 66 The Bank needs to provide internal Bank
SEOJK.03/2023 POJK Number 11/POJK.03/2022 concerning the Implementation policies and procedures and conduct an
Assessment of Digital of Information Technology by Commercial Banks, in article 66 assessment of the Bank's digital maturity
Maturity Level of paragraph 1 of the POJK it is explained that the Bank is obliged level and reporting as stipulated by this
Commercial Banks to conduct a self-assessment of the Bank's digital maturity level provision.
periodically, at least 1 (one) time in 1 (one) year.
2. The SEOJK on the assessment of digital maturity level of
Commercial Banks is a guide to determine, assess and evaluate
the level of digitalisation of the Bank, so that the condition of the
Bank's digitalisation can be known. The guidelines can also be
used as a monitoring tool for the Bank and the Financial Services
Authority on the development of digital transformation carried
out by the Bank. The assessment of the Bank's digital maturity
level can be one of the references for the Bank to determine the
reliability of IT infrastructure and IT infrastructure management,
so that it can be used by the Bank as a basis for consideration
for developing more comprehensive products and services for
consumers.
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Legislation
No Changes and Explanations Impact on Maybank Indonesia
(BI, OJK, BEI)
6. PBI Number 3 This provision is an update to Bank Indonesia Regulation Number 1. The Bank identifies and makes
Year 2023 on Bank 22/20/PBI/2020 on Bank Indonesia Consumer Protection which adjustments to the relevant current
Indonesia Consumer has been adjusted to various aspects of consumer protection internal provisions to be adjusted to
Protection regulated in Law Number 4 of 2023 on Financial Sector Development PBI Number 3 of 2023 concerning Bank
and Strengthening and Law Number 27 of 2022 on Personal Data Indonesia Consumer Protection and
Protection. fulfils the obligations as stipulated in
this PBI;
The regulatory materials in this PBI include: 2. The Bank submits reports related
a. scope of consumer protection; to Consumer Protection to Bank
b. principles of consumer protection; Indonesia online and/or offline
c. handling of consumer complaints by Bank Indonesia; periodically or incidentally and/or
d. imposition of sanctions on organisers who do not fulfil their other mechanisms determined by Bank
obligations; Indonesia;
e. supervision activities by Bank Indonesia; and
f. coordination mechanism conducted by Bank Indonesia with The Bank pays attention to the status of
related authorities, ministries, and/or institutions. membership in alternative financial sector
dispute resolution institutions to remain
active.
7. PBI Number 7 of 2023 The PBI is issued as a regulation that can ensure the entry, placement, As one of the designated appointed banks,
concerning Foreign and utilisation of DHE SDA in the Indonesian financial system, the the Bank has participated in this program
Exchange of Export accuracy of DPI (Foreign Exchange Import Payment) reporting and and has also developed a product which is
Proceeds and Foreign the effectiveness of its supervisory implementation. also expected to be able to meet customer
Exchange of Import The PBI regulates, among others, the obligation of exporters to place needs for utilisation of the placement of a
Payment a certain amount of funds within a certain time in the Bank and certain amount of funds within a certain
Indonesia Eximbank. time.
8. PBI Number 11 Year The PBI is issued by Bank Indonesia in order to determine and The Bank has made adjustments to
2023 concerning implement macroprudential policies to encourage balanced, quality, the calculation to fulfill the Minimum
Macroprudential and sustainable intermediation, mitigate and manage systemic risk, Statutory Reserve by utilising the
Liquidity Incentive and increase economic inclusion, financial inclusion, and sustainable incentive factors received by the Bank
Policy finance.
To support Indonesia's economic growth, it is necessary to strengthen
liquidity-based macroprudential policy stimulus to deal with the
tendency of banking credit and financing to grow slowly amid global
and domestic challenges.
9. PADG Number 17 The PADG is a follow-up to the Bank Indonesia Regulation on 1. The Bank identifies and adjusts the
Year 2023 on the payment systems and the Bank Indonesia Regulation on payment relevant internal regulations so that
Implementation of system infrastructure providers and to accommodate the addition they are in line with the provisions in
Bank Indonesia - Fast of new BI-FAST services and other aspects, from previously only this regulation.
Payment providing ICT (Individual Credit Transfer) Services. Bank Indonesia 2. The Bank carries out an assessment
reissued the Board of Governors' Regulation on the implementation if there are plans to utilise additional
of BI-FAST. new services provided by Bank
Indonesia. The three (3) new BI-FAST
services are:
1) RFP (Request for Payment) Service;
2) BCT (Bulk Credit Transfer) service;
3) DDT (Direct Debit Transfer)
service.
10. PADG Number 20 The PADG is issued in order to strengthen Bank Indonesia's 1. The Bank includes a statement
Year 2023 on the Consumer Protection policy Number 3 of 2023 on Bank Indonesia's that the Organiser is licensed and
Implementation Consumer Protection and is a technical regulation to support the supervised by Bank Indonesia in
Procedure of Bank implementation of Consumer Protection principles by the Organiser every offer, summary of product and/
Indonesia Consumer regarding the procedures for implementing Bank Indonesia's or service information, promotion,
Protection Consumer Protection. or advertisement of products and/or
services.
2. The Bank carries out product and/or
service education at least 1 (one) time
in 1 (one) semester.
3. The Bank identifies and adjusts the
relevant internal regulations so that
they are in line with the provisions in
this regulation.
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CHANGE IN ACCOUNTING POLICY • Amendment to SFAS 107, “Ijarah”.
Changes in accounting policies and their impact on Maybank This amendment to SFAS 107 is to accommodate the
Indonesia's financial statements are as follows: development in the syariah business, not only on the
financial sector but also the real sector which use ijarah
The Bank and subsidiaries adopted the following accounting arrangement.
standards, which are considered relevant, starting on January 1, • Financial Accounting Standards Board of the Institute
2023: of Indonesia Chartered Accountants (DSAK IAI) Press
• Amendments to SFAS 1, “Presentation of Financial Release regarding “Attributing Benefits to Periods of
Statements on Accounting Policy Disclosure”. Service”.
The amendment to SFAS 1 requires entities to disclose In April 2022, DSAK IAI issued a press release regarding
"material accounting policy information" that was previously “Attributing Benefits to Periods of Service” as an explanatory
"Significant accounting policy" and clarifies that not all material to the relevant requirements of SFAS 24 “Employee
accounting policy information related to transactions, events benefits”, which specifically explains how to attribute
or other material conditions is material to the financial pension benefits to periods of service for pension plans with
statements. specific patterns based on the applicable laws in Indonesia.
In assessing the materiality information, need to consider • Financial Accounting Standards Board of the Institute
the size and nature of the transactions, other events or of Indonesia Chartered Accountants (DSAK IAI) Press
conditions. Release regarding “Attributing Benefits to Periods of
• Amendments to SFAS 1, “Classification of Liabilities as Service” (continued).
Current or Non-current”. The press release was issued in relation to IFRS
The amendment to SFAS 1 clarify that liabilities are classified Interpretation Committee (IFRIC) IAS 19 Employee Benefits
as either current or non-current, depending on the rights Agenda Decision on Attributing Benefit to Periods of Service
to defer settlement of liabilities that exist at the end of the in May 2021. DSAK IAI assesses that the fact pattern of
reporting period. the pension program based on the Labor Law currently in
• Amendments to SFAS 16: Fixed Assets - Proceeds before force in Indonesia is similar to the pattern of facts in the
Intended Use. IFRIC Agenda Decision. With similarity of fact pattern,
This amendment clarifies examples of costs that can be the accounting treatment in the IFRIC Agenda Decision is
directly attributed to the acquisition cost of assets. This relevant to be applied in a pension program based on the
amendment adds the following arrangements: Labor Law.
- Prohibit the deduction of recognition of sales proceeds The Bank and subsidiaries has applied the requirements
and acquisition costs of items produced when transport of the press release and has engaged with an independent
fixed assets to the required locations and conditions in actuary to calculate the impact of change in accounting
accordance with management's intentions in Profit and policy from the beginning of the comparative period
Loss. disclosed.
- Measurement of the cost of acquisition of the item by
applying the measurement requirements in SFAS 14: New and Revised Statements of Financial Accounting Standards.
Inventory.
• Amendment to SFAS 25, “Accounting Policies, Changes in Effective beginning on or after January 1, 2024.
Accounting Estimates and Errors about the Definition of • Financial Accounting Standards Pillars
Accounting Estimates.” These standards provides requirements and guidelines for
This amendment to SFAS 25 introduces the definition of entities to apply the correct financial accounting standards
accounting estimates and clarifies: in preparing general purpose financial statements. There will
- Estimation techniques and valuation techniques are be 4 (four) financial accounting standards that are currently
examples of measurement techniques used in developing applied in Indonesia, namely:
accounting estimates. 1. Pillar 1 International Financial Accounting Standards,
- Changes in accounting estimates as a result of new 2. Pillar 2 Indonesian Financial Accounting Standards
information or new developments that do not constitute (SFAS),
error correction. 3. Pillar 3 Indonesian Financial Accounting Standards
• Amendment to SFAS 46, “Deferred Tax related to Assets for Private Entities/Indonesian Financial Accounting
and Liabilities arising from a Single Transaction”. Standards for Entities without Public Accountability, and
This amendment to SFAS 46 require companies to recognise 4. Pillar 4 Indonesian Financial Accounting Standards for
deferred tax on transaction that, on initial recognition, give Micro Small and Medium Entities.
rise to equal amounts of taxable and deductible temporary
differences.
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• International Financial Accounting Standard New and Revised Statements of Financial Accounting Standards.
This standard is a full-adoption of International Financial
Reporting Standards (“IFRS”) which is translated in a word- Effective beginning on or after January 1, 2025.
for-word basis and there is no modifications from IFRS
Standards, including the effective date. Entities that meet • Amendment of SFAS 10: the Impact of Changes in Foreign
the requirements can apply this standard, from the effective Exchange Rates - Lack of Exchangeability
date. The amendment to SFAS 10 regulated when a country's
• Financial Accounting Standards Nomenclature economic conditions deteriorate, such as hyperinflation, it
This standard regulates the new numbering for financial can cause difficulties in determining whether the country's
accounting standards applicable in Indonesia issued by DSAK currency is exchangeable into another currency, as well
IAI. as the exchange rate to be used when the currency is not
• Amendment of SFAS 73: Lease liability in a Sale and exchangeable.
Leaseback The amendment applies to annual reporting periods
The amendment to SFAS 73 Leases specifies the requirements beginning on or after January 1, 2025. Earlier application is
that a seller-lessee uses in measuring the lease liability permitted.
arising in a sale and leaseback transaction, to ensure the
seller-lessee does not recognise any amount of the gain or
loss that relates to the right of use it retains.
The amendment applies retrospectively to annual reporting
periods beginning on or after January 1, 2024. Earlier
application is permitted. The Group is currently assessing the
impact of the amendment to determine the impact they will
have on the Group’s financial reporting.
• Amendment of SFAS 2 and SFAS 60: Supplier Finance
Arrangements
The amendments to SFAS 2 and SFAS 60 clarify the
characteristics of supplier finance arrangements and require
additional disclosure of such arrangements. The disclosure
requirements in the amendments are intended to assist
users of financial statements in understanding the effects of
supplier finance arrangements on an entity’s liabilities, cash
flows and exposure to liquidity risk.
The amendments will be effective for annual reporting
periods beginning on or after January 1, 2024. Early adoption
is permitted, but will need to be disclosed.The amendments
are not expected to have a material impact on the Group’s
financial statements.
COMPLIANCE AS A TAXPAYER
Maybank Indonesia always fulfills tax obligations for state financing, social development, and the economic progress of a country. The
taxes paid by the Bank to the Government of the Republic of Indonesia in 2023 and 2022 are as follows:
(In billion Rupiah)
Total
No Description
2023 2022
1 Corporate Income Tax 414 394
2 Employee Income Tax Article 21 327 289
3 Income Tax Article 4(2) 696 471
4 Income Tax Article 23/26 31 33
5 VAT 32 31
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MARKETING ASPECTS Marketing Strategy
The implementation of marketing strategies is essential for
Analysis of Market Segments And Competitive Conditions shaping the Bank's image, attracting prospective customers,
In the ever-changing banking industry, market segment and establishing a strong market share. Furthermore, effective
analysis and competitive conditions are critical components for marketing strategy execution not only helps the Bank remain
understanding the dynamics influencing banking performance. competitive in a challenging market, but it also promotes growth,
As part of an effective business strategy, Maybank Indonesia fosters trust, and improves customer satisfaction. Maybank
conducts in-depth evaluations of the market segments it serves Indonesia can achieve its business objectives more effectively
on a regular basis and closely monitors the level of competition by understanding the market and implementing appropriate
in the industry. Domestic economic growth, as well as the strategies in response to changes.
growing number of middle-class community groups, can have a
positive impact on economic activity and the banking industry. The refinement of Maybank Group's strategy through M25+
provides a solid foundation for its growth and resilience in the
Throughout 2023, banking liquidity remains adequate, face of a challenging environment. Maybank Group introduces
strengthening lending capacity, and banking intermediation a comprehensive range of solutions to assist customers and
continues to improve. Banking resilience remains intact, communities, utilising integrated marketing strategies and
as evidenced by strong capitalisation and low credit risk. collaborative services provided by Maybank Indonesia entities.
Furthermore, digital economic and financial transactions A solid Go-To-Market strategy is specifically designed to acquire
continue to perform well in the aftermath of the COVID-19 new customers through microsegmentation, an approach based
pandemic, partly due to a secure, smooth, and reliable payment on moments and life stages classified as Young Professional,
system. Young Family, Midlifers, and Silver Age Golden Age.
Such market developments also have an impact on the Bank's Maybank also reintroduced the annual Maybank Marathon 2023
performance. As a result, in the face of fierce competition in offline in Bali, which helped build the Bank's brand and acquire
the banking industry, Maybank Indonesia constantly updates new customers through collaborative efforts between business
its strategies and policies to ensure that it continues to provide units. Furthermore, the Bank continues to make necessary
banking service solutions that are appropriate and relevant to changes to keep up with the rapid advancements and needs
customer needs and segments. of digitisation. Digital channels are regularly used to maintain
the Bank's online presence, and a variety of engaging offline
As a result, Maybank Indonesia successfully recorded a events and activations are planned to meet the diverse needs of
consolidated net profit of Rp1.7 trillion in 2023, representing a customers.
18.5% annual increase compared to Rp1.5 trillion for the same
period in the previous year. Maybank Indonesia also booked Marketing Campaign
a 11.9% decrease in provision expenses to Rp1.1 trillion, with As part of Maybank Group's M25+ strategy, Islamic banking
controlled overhead costs amounting to Rp5.8 trillion. products and solutions will be the primary offerings to
customers. Maybank Indonesia launched Shariah Wealth
With an understanding of market segments and competitive Management services in 2023, focusing on five pillars: wealth
conditions in the banking industry, Maybank Indonesia remains creation, wealth accumulation, wealth preservation, wealth
disciplined in implementing cost management policies at all purification, and wealth distribution. Customers who use Shariah
organisational levels and within its business activities. This Wealth Management services are expected to find Shariah-based
ensures that every incurred cost contributes to the sustainable financial solutions to manage their wealth, resulting in financial,
improvement of the Bank's revenue. Maybank Indonesia social, and spiritual benefits as well as peace in their current and
continues to leverage various opportunities by providing future lives. The marketing format used to educate customers
innovative banking products and services tailored to the needs includes talk shows and workshops delivered through integrated
and target markets. marketing communication activities via channels such as national
private television, leading radio networks, digital advertising,
social media exposure, and activation events in major cities.
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Maybank Indonesia also actively and consistently communicates The Bank also organised the Maybank Marathon 2023, the
the M2U ID App and all of its benefits, with the goal of making largest marathon event in Maybank Indonesia's history, with over
the Maybank M2U ID App the first choice for digital banking 13,600 registered runners from 50 different countries. Maybank
transactions, savings product opening, expense monitoring, Marathon has officially obtained 'Elite' Label Road Race from
and investing. This television ad format campaign is carried out World Athletics (previously the International Association of
via widely distributed media channels such as television, radio Athletics Federations or IAAF) and become the first marathon in
networks, social media, digital platforms, and outdoor media Indonesia to have achieved this prestigious label.
(billboards). These media channels were chosen to target the
Young Professional and Young Family segments of the Mass Market Share
Banking customer base, resulting in increased brand awareness Maybank Indonesia is constantly striving to develop and
and consideration in these segments. implement marketing strategies and product offerings in order to
provide banking solutions that meet the needs of its customers
Maybank Indonesia also conducts credit card-related by developing flagship products and services. In 2023, Maybank
marketing campaigns. The credit card market, with its fierce Indonesia maintained its market share in the industry, with the
and competitive competition, presents a unique challenge for Bank's market share in assets reaching 1.5%, and 1.6% and 1.4%
Maybank in gaining customer share of wallet. Maybank Credit in credit and deposits, respectively. The 2023 Macroeconomic
Cards collaborates with BMW and MINI to launch a co-branded Overview contains detailed information about the Bank's market
credit card to support customers' lifestyles, focusing on Premier share in assets, credit, and deposits, as well as the growth of
customers in the Midlifers and Silver Age Golden Age segments the Indonesian banking industry, with a focus on Maybank
who are career-oriented and value exclusivity and status. Indonesia's position in the industry.
Furthermore, the COVID-19 pandemic has strongly influenced
people to prioritise a healthy lifestyle, including sports, which Marketing Plan and Strategy 2024
have become an integral part of urban life. Maybank collaborates Looking ahead, Maybank Indonesia outlines its strategic
with Celebrity Fitness and Fitness First to introduce credit cards development and marketing plan for the year 2024 as follows:
that support the healthy lifestyles of the Young Professional 1. Maybank Indonesia will continue several strategic plans
and Young Family segments in the Mass Banking to Privilege and programs initiated since 2023. The branding-related
categories. Credit card product launch events are tailored to projects for Maybank Indonesia in 2024 will primarily focus
the right locations where the target audience is present, such as on our Digital M2U ID App, which serves as the Bank's
launching the BMW and MINI Maybank Credit Cards at GIIAS flagship for acquiring new customers, especially in the Young
2023 and launching Maybank Credit Cards with Celebrity Fitness Professional and Young Family segments within the mass
and Fitness First during Car Free Day at Gelora Bung Karno banking customer category. The M2U ID App, as a digital
Jakarta. platform for financial transactions and solutions, also serves
as the foundation and key to all of Maybank Indonesia's
Work Program in The Marketing Field banking products and services which display our vision as the
In 2023, the launch of the M2U Up-Up Advertising Campaign enabler and the empowerment for our customers' ambitions
by Maybank Indonesia stands as a significant achievement in to realise their full potential.
the bank's marketing efforts. The amplification of this campaign 2. The strategy for Credit Card business is to ensure the
utilises integrated mass media channels to reach the Maybank continuity of delivering the finest service and its competitive
persona profiles, specifically the Young Professional and Young advantage, therefore in 2024 Maybank Indonesia will
Family demographics across Indonesia. The M2U Up-Up ads are launch promotions related to the Virtual Credit Card where
broadcasted through national private television networks, digital customers can experience the convenience of using a credit
media, social media, and radio networks in five major cities in card through the M2U ID App, including flexible reward
Indonesia, and they also utilise billboards in prime locations in management benefits and easy card application. This
major cities. new project for Maybank Credit Cards targets the Young
Professional and Young Family segments in the Mass Banking
Another distinguishing feature of the M2U Up-Up ad campaign is category.
the use of the song "Naik-Naik ke Puncak Gunung" by the late Ibu 3. Maybank Indonesia will continue to strategically
Soed, which is intended to create a nostalgic moment that can communicate Shariah Wealth Management through
help preserve the work of Indonesian national children's songs. leveraging the 5 pillars of Shariah which are Wealth
The combination of floating scenes in the M2U ad video and the Creation, Wealth Accumulation, Wealth Preservation,
soundtrack with this song represent Maybank Indonesia's spirit Wealth Purification and Wealth Distribution. All marketing
of guiding its customers to a better and more prosperous life communication activities will focus on to increase
through the M2U ID App digital service, which serves as a one- understanding amongst Midlifers, Silver Age and Golden
stop solution for customer banking activities. By December 2023, Age that fall under the privilege and premier customer
the M2U Up-Up ad video had received over six million views. category. Communication channels supporting education
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and awareness of this Shariah BUSINESS OUTLOOK
Wealth Management space, such as
through talk shows and community Macroeconomy 2024
engagements will be continued. The global economy is expected to grow more slowly in 2024 than it did in 2023.
4. Maybank Indonesia recognises an According to the World Economic Outlook (WEO) for October 2023, the IMF predicts
opportunity to enable and empower global economic growth to slow from 3.0% in 2023 to 2.9% in 2024. This projection
Retail SME customers (RSME) remains lower than the historical average (2000-2019) of 3.8%. For advanced
through this refinement of becoming economies, growth is expected to slow from 1.5% in 2023 to 1.4% in 2024, with stronger-
the Fast & Hassle Free platform to than-expected momentum in the United States but weaker-than-expected growth in the
enable and empower the customers eurozone.
ambitions and support their business
to realise their full potential. This The domestic economy may face significant uncertainty as a result of both internal and
initiative will be focusing on the key external factors. Externally, there are several factors to be concerned about, including
regions to approach the customers in the conflicts between Israel and Palestine and Russia and Ukraine; the threat of climate
a proximity basis. change disrupting food supply chains; and high inflation, interest rate hikes, and
5. In order to facilitate the movement economic slowdowns in major economies such as China, Europe, and the United States.
of capital towards sustainable
financing and investments, and Internally, challenges are increasing as the presidential and legislative elections
support the transition of low-carbon approach. Investment activities may potentially slow down in the face of political
economy, Maybank Indonesia will uncertainty. However, given the government's sound fiscal policies and strict inflation
have two sports events coming in control, there are opportunities for economic growth from domestic activities,
2024. Maybank Marathon 2024 will particularly from increased consumption following the COVID-19 pandemic, higher
be held as a continuation of success government spending, and the SME segment related to the election organisation.
for the past 12 years, it is still be Considering these factors, Indonesia's economy is projected to grow by 5.05% in 2023
the primary destination for runners and increase to 5.13% in 2024.
and running sports enthusiasts.
Maybank Marathon had officially Banking credit growth is estimated to be around 9.17% at the end of 2023 and slightly
obtained ‘Elite’ Label Road Race increase to 9.46% in 2024. The growth projection will depend significantly on the
from World Athletics (previously, the successful execution of the 2024 elections. If there is a second round of the presidential
International Association of Athletics election, it is expected to result in an economic slowdown as businesses and investors
Federations or IAAF) and become adopt a wait-and-see approach.
the first marathon in Indonesia to
have achieved this prestigious label. As stated in the 2024 State Budget (APBN), the agreed-upon basic macro assumptions
Moreover, in collaboration with include Indonesia's projected economic growth of 5.2%, inflation in the range of 2.8%,
Maybank Group, Maybank Indonesia the exchange rate (Rp/USD) at the level of Rp15,000, and a 10-year government bond
will launch the Maybank Cycling interest rate of 6.7%. Additionally, the assumed crude oil price is USD82/barrel, with oil
Series. This Sports Event is aiming to lifting at 635 (thousand bph) and gas lifting at 1,033 (rbsmph).
create a more equitable society by
equipping communities with lifelong Table of Basic Macroeconomic Assumptions
financial skills and knowledge,
Basic Assumptions Target 2024
addressing communities’ current
Economic Growth 5.2%
and situational needs, as well as
building financial resilience. Maybank Inflation 2.8%
Indonesia believe that Sports is more 10 Year Government Securities Interest Rate 6.7%
than just an event, it is a platform to Nilai Tukar Rp15,000/USD
advocate for change in economical Exchange Rate USD82/barel
and societal impact.
Oil Lifting 635 rpbh
Gas Lifting 1,033 rbsmph
Source: Ministry of Finance
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Implementation of Strategic Plans and Programs in 2024 full support to achieve its goals, particularly in strengthening
In light of the aforementioned economic and banking industry the Bank's position in the coming years. The M25+ strategy is
growth conditions, as well as internal evaluations of risk posture expected to address the diverse needs of Maybank's business
and market sizing, the Bank's Management has developed network in order to remain relevant and meet customer
strategic focus and initiatives to support the Bank's business expectations by providing access to comprehensive financial
expansion endeavors for 2024, as outlined in the Bank's Business solutions and services with a broad reach.
Plan (RBB). The formulation of these strategies is in harmony
with the Corporate Plan and the M25+ Strategy, which include: Potential Factors Significantly Impacting Business
1. The primary focus is on credit growth, with the growth Sustainability
engine targeted at the LLL & MNC (Large Local Corporates) As of the end of 2023, Maybank Indonesia had not identified
segment, RSME, SME+, and KPM segments through the any factors that could have a significant impact on the bank's
Bank's subsidiaries, namely WOM Finance and Maybank business sustainability. This is evident in the Bank's ability to
Finance. Additionally, the Bank will continue to build maintain positive PBT and PATAMI, indicating that the Bank did
momentum in the Business Banking segment. not face business sustainability issues.
2. Prioritising productivity improvement across all business
segments to ensure that each business segment contributes Maybank Indonesia consistently monitors and anticipates
to the overall growth of the Bank. challenges in the banking sector, maintaining a cautious and
3. Fee Income Growth by accelerating growth in Transaction discerning credit allocation strategy to protect asset quality.
Banking, Wealth Products (Banca & Investment), income The Bank is also committed to improving credit approval policy
from digital banking, and sustaining growth momentum in standards in order to promote high-quality credit expansion,
the Global Market to enhance fee income. and it actively monitors credits identified as possible causes
4. Continuing the branch transformation initiative, including for concern. Credit will be allocated to strategic sectors, with a
branch model and coverage, branch service excellence, and focus on sustainable financing, in order to promote long-term
digital branch operations. The Bank is currently conducting economic growth. This strategic approach is expected to help
a comprehensive review of the branch model, ensuring its the Bank establish a larger market, which will evolve alongside
relevance to recent developments in the banking industry. economic growth and eventually have a positive impact on
The findings from this review may potentially lead to changes business sustainability.
in the existing branch model.
Management Assessment of Significant Factors Impacting
BUSINESS CONTINUITY Business Sustainability
Maybank Indonesia regularly conducts evaluations and
Business Continuity Plan assessments to determine its ability to achieve targets and
Maybank Indonesia continues to implement business continuity maintain its business in the strategic planning process. The
management strategies to deal with emergency situations, Bank's management is certain that there are no significant
ensuring consistency in achieving business objectives and uncertainties that could raise doubts about the Bank's ability to
sustainability. This includes constant monitoring of situations maintain business continuity.
and taking action in accordance with government/regulatory
policies and directives. Furthermore, in order to achieve the Maybank Indonesia assesses business sustainability and makes
Bank's Vision and Mission, the Maybank Group, in collaboration every effort to address and refine any potential issues that
with management, has developed comprehensive short, medium, could jeopardise business continuity. There were no material
and long-term business strategies known as M25+. uncertainties that could significantly cast doubt on the Bank's
ability to maintain business continuity as of the preparation
The refinement of these strategies aims to ensure that the entire and publication of the 2023 Annual Report. The Bank has made
Maybank Indonesia organisation remains relevant in meeting numerous efforts to manage potential factors affecting business
customer needs, increasing competitiveness, and creating market sustainability, including preparing and publishing consolidated
differentiation in accordance with the mission of Humanising financial statements based on the most recent and sustainable
Financial Services. M25+ has developed 12 strategic programs, Financial Accounting Standards.
one of which (SP 7) is Uplift Indonesia. By establishing Indonesia
as a key market for Maybank Group, Maybank Indonesia receives
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Based on 2023 performance achievements and the Bank's 2. Rapid changes in market and customer behavior, especially in
history, Management believes that Maybank Indonesia's business the development of information technology and digital, have
continuity remains very good. This assessment is based on the led to a gap between the demand and supply of qualified
Bank's financial ratios being met and its overall health being human resources in the technology and digital field (talent
good enough to support business continuity in the future. gap & war). Additionally, the Bank's IT development priorities
Furthermore, shareholder support and synergy within the for the next two years, starting in 2024, involve core banking
Maybank Group are essential to the Bank's ability to maintain modernisation processes with a focus on human resources
business continuity. directed towards this initiative.
3. From a business perspective, the Bank perceives that credit
Maybank Indonesia is optimistic about facing various challenges growth is still quite challenging in the banking industry
and seizing opportunities, which are supported by competent due to current global and domestic economic conditions,
human resources, adequate business infrastructure, and an resulting in increased competition among banks, impacting
international business network, laying the groundwork for the pressure on Net Interest Margin (NIM).
Management's confidence in the bank's future business growth. 4. Currently, customers have many alternative financing
sources, such as non-traditional financial players (fintech),
Assumptions Used by Management in Conducting The and corporate customers can issue bonds as an alternative
Assessment financing method.
Maybank Indonesia conducts an assessment to determine the
Bank's business continuity by examining current opportunities, Strengths
challenges, strengths, and weaknesses. The following are the 1. The Bank is one of Maybank Group's home markets with a
assessments for each category: regional network in the ASEAN region (with home markets
in Malaysia, Singapore, and Indonesia), strengthening the
Opportunities Bank's operational business network.
The rapid development of various technologies in financial 2. Continuous development of digital banking for both
services has brought about changes to the banking industry individual customers through M2U and corporate customers
and accelerated the transformation towards digital banking, through M2E to ensure that solutions offered to customers
aligning with the needs of current customers. Three aspects are relevant to their current banking needs.
drive the development of digital services for customers: 3. Full banking license to support the digital ecosystem as a
increased digital transactions, digital behavior, and digital financial service gateway provider.
opportunities. This aligns with the growth of internet access and
the increasing middle-class population in Indonesia, representing Weaknesses
a demographic bonus. The Bank sees significant opportunities Areas of improvement that still need attention include
in developing digital solutions and financial services for both customer retention, ongoing transformation activities, and the
individual and corporate customers, especially small and implementation of the latest information technology.
medium-sized enterprises (SMEs) that contribute more than 60% 1. Customer attrition rates are still relatively high, and
to Indonesia's GDP and represent over 90% of all businesses. customer retention processes are becoming more
Indonesian SMEs are expected to enter the global supply chain challenging due to intense competition in the industry from
with technological assistance. fintech and other non-bank entities.
2. Manual processes that require human intervention still
Challenges exist, but the Bank continues the transformation process to
1. Technological advancements require the Bank to establish accelerate automation across all Bank operations.
high standards for the security and privacy protection of 3. Improving the capacity and stability of IT infrastructure
customer data within the ecosystem. Indonesia is considered and security are still in the development process, including
one of the most at-risk countries for cybersecurity attacks, efforts to protect the information and privacy of all
with the number of incidents increasing each year. customers and support future business growth.
4. Lengthy resolution processes for non-performing loans and
low recovery rates.
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Based on the above considerations, management will focus on • BCM secretariat/ORCO conducted refreshment for
segments that are the Bank's main growth engines, supported BCM Coordinators (BCMC) in the BCM Workshop and
by the development of relevant digital banking and the Refreshment training program in April 2023. This aimed
development of information technology infrastructure and to inform them of the latest information regarding BCM
security. and educate BCMCs on the importance of BCP in critical
units. Additionally, in December 2023, the BCM secretariat/
Business Continuity Management ORCO conducted a dissemination session for branch
Business Continuity Management (BCM) is a crucial pillar for teams, including Area Branch Managers, Area Service Ops
Maybank Indonesia in preparing the Bank's resilience to face Managers, Branch Managers, and Service Managers.
natural and non-natural disasters that may occur at any time. • Independent BCP testing by each branch and Enterprise
Maybank Indonesia continuously develops and implements BCM Crisis Simulation Exercise (ECSE): The Bank conducted
as part of the Bank's risk management. Handling operational independent BCP tests for each critical unit to ensure BCP
risk disruptions or disasters is carried out to prevent, endure, processes ran according to schedule and facilities used.
and sustainably respond to potential risks threatening the Bank, Additionally, an ECSE or bank-wide BCP test was conducted
particularly those with a significant impact (catastrophic events) between Critical Business Function (CBF) units at the
that disrupt the Bank's operations. BCM played a vital role when Head Office and several branches. The scenario involved
the entire workforce and branches collectively faced COVID-19 Anticipation of Riots Before the 2024 Election and system
from its emergence in Indonesia in March 2020 until the country disruptions to test the Bank's readiness, evaluate processes
entered the endemic phase in June 2023. and systems in facing operational disturbances during and
after the incident, ensuring the Bank can return to normal
BCM Program in 2023 operations within the specified timeframe and minimising
• Implementation and handling of the ongoing pandemic: potential losses. The ECSE testing in 2023 involved relocating
The BCM secretariat/ORCO continually coordinates, work locations from the main site to alternate sites for
communicates, and resolves operational and business each CBF unit. Coordination was done through an activated
issues with the Board of Directors (BOD) and the Business Command Center via Zoom meeting rooms and offline
Continuity Plan (BCP) team of all units/branches to ensure at Wisma Kodel, 5th floor. The ECSE tested the readiness
that operational and business processes continue to run of teams, communication and escalation, as well as the
smoothly at Maybank Indonesia. One initiative involved implementation of customer service and daily operations.
employing the Split Operation (SO) work process, separating • The BCM secretariat/ORCO also participated as observers
teams working at the Head Office and Branch (Main Site) in tests conducted by vendors used by Maybank Indonesia
into Work from Office (WFO) and alternate sites, either in a (Advantage and SSI) to ensure that the vendors also have
separate building from the main site or working from home good preparedness in responding to potential disasters.
(WFH). • Routine awareness campaigns: Regular campaigns were
• The BCM secretariat/ORCO developed the Business conducted to increase awareness and understanding of the
Continuity Management Procedure in January 2023, adding importance of BCM through emails, desktop wallpapers, and
information and enhancements to several sections according BCM WhatsApp groups, covering disaster preparedness and
to regulatory developments and the current condition of the learning materials from various disasters for future disaster
Bank. preparedness.
• Annual updating of BCP documents: The BCM Coordinator
annually updates BCP documents, including the latest
versions of Risk Assessment (RA), Business Impact Analysis
(BIA), and General and Pandemic BCP, to align with incidents'
situational development and each unit's operational
processes. This ensures more effective, efficient, and
measurable handling of each case according to the Bank's
capabilities.
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BCM Development and Implementation Strategy in 2024 THE BANK'S COMMITMENT TO
In addition to continuing annual programs, BCM will specifically ENVIRONMENT, SOCIAL, AND GOVERNANCE
develop new programs aligned with regulatory provisions, (ESG)
Bank policies, and BCM procedures. Some BCM initiatives and Maybank Indonesia's commitment to ESG involves consistently
programs to be developed in 2024 include: integrating sustainability aspects into every banking activity
• Independent BCP testing by each critical unit to ensure and implementing various efforts that support these goals in
BCP processes continue to run according to schedule and accordance with the 8 sustainability financial principles regulated
facilities, enabling business and operational processes to by OJK. These efforts are aligned with Maybank Group's
remain functional. ESG principles. Maybank Indonesia will continue to strive to
• Increased awareness and knowledge of BCM for all understand the diverse needs of stakeholders while paying
employees through various media, BCM E-Learning, and attention to the impact of the Bank's business operations on the
incident handling videos. development of the communities and customers it serves.
• BCM Workshop focusing on disaster or operational
disturbance management, especially approaching the 2024 Periodically, Maybank Indonesia evaluates policies regarding
Election. sustainability processes within business operations and
• Desktop reviews with several CBF units to ensure BCP investment behavior. This is believed to effectively manage risks
documents in each unit are more aligned with incident while actively contributing to economic and social growth in the
handling, learning from the real conditions during the current regions where the Bank operates.
pandemic.
• BIA assessment for all Bank units to ensure critical units will Sustainable financial strategy at Maybank Indonesia is an
continue their business and operational processes after an integrated process within activities, operations, and social
incident. responsibilities. Consequently, Maybank Indonesia has
• Implementation of the latest BCM system/Government Risk formulated a Sustainable Financial Action Plan (RAKB) in
& Compliance (GRC) system for more efficient digital BCP accordance with the Financial Services Authority (OJK)
document creation and better documentation. Regulation No. 51/POJK.03/2017 for Financial Institutions,
Issuers, and Public Companies. The RAKB has been submitted to
GUIDELINES AND SUPPORT OF MAYBANK OJK concurrently with the submission of the Bank's Business Plan
GROUP ON THE 2024 BUSINESS (RBB).
SUSTAINABILITY PLAN
In order to create long-term meaning and value, Maybank Maybank Indonesia will gradually continue refining the
Group is implementing the 2024 Sustainability Plan, which is implementation of Sustainable Finance. It is expected that
intended to navigate and manage stakeholders' expectations the Bank will be able to adopt and implement ESG practices
in the areas of Environment, Social, and Governance. These in its business operations within a period of 5 years from the
aspects are essential for fostering long-term meaning and commencement of this RAKB implementation. The strategic
value. Maybank Group's 2024 Sustainability Plan aims to create steps to achieve this goal include:
long-term, meaningful, and regionally relevant value. Achieving 1. Enhancing human resource capabilities, including providing
these sustainability goals allows Maybank Group to continue new skills to employees needed to support the realisation of
to innovate and have a greater impact in the regions where it sustainable finance.
operates. 2. Integrating ESG aspects in formulating policies and risk
management in business activities.
Recognising this, Maybank Indonesia has and enforces an 3. Adjusting operational and IT work tools (including Bank
Environmental, Social, and Governance (ESG) Policy, which infrastructure).
serves as a reference for all organisational components. This ESG 4. Creating banking products and services solutions to support
policy is consistent with the Maybank Group's ESG Management sustainable finance, followed by continuous development.
Framework, and its implementation will occur gradually. 5. Gradual improvement in the growth of financing portfolios in
ESG-based business activities.
In implementing sustainable finance, the Bank will consistently
align it with Maybank Group's pillars and commitments. This
is to create a comprehensive sustainability ecosystem within
the Maybank Group and encourage the building of a more
sustainable future for all elements of society.
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RESULTS AND PROGRESS ACHIEVED BY
MAYBANK INDONESIA
2010 First published Sustainability Report with 3 main scopes Education, Activities that support Healthy Living and Environment &
Society.
The scope of the sustainability program has grown to 4 (four) main scopes, namely:
2011 • Education, Activities that support Healthy Living, Community Empowerment and Environment.
• Issuance of the second Sustainability Report
• Launched the IMPACT (IMPlement with Acceleration through Collaboration and Teamwork) transformation program with
a focus on three main areas: continuing profit-enhancing growth, enhancing capabilities and strengthening fundamentals
2012 to ensure business continuity and developing Corporate Responsibility (CR) talent based on the four CR principles of
Community, Environment, Workplace & Marketplace.
• Continuing the focus of CR activities is based on 4 main pillars, namely Community Empowerment, Education, Activities to
Support Healthy Living, Care for the Environment.
• Main Activities Women Empowerment in Small Business Program, Providing scholarships for outstanding students from all
over Indonesia who come from underprivileged families to continue their education at leading universities in Singapore,
Malaysia and Indonesia.
• Organised the first international Marathon BII Maybank Bali Marathon with the theme ‘Push Your Limit’. BII Maybank
Bali Marathon 2012 has received an international certificate for the route traveled from the Association of International
Marathons and Distances Races (AIMS).
• Issuance of the Third Sustainability Report.
• Implemented Banking Education Program including Apprentice Program, Regulatory Seminar, savings education for
elementary school students and training for journalists.
2013 • Continued activities with 4 main focus areas: Education, Activities that support Healthy Living, Community Empowerment
and Environment.
• Realised environmentally friendly Improvement Initiatives including Paperless Account Opening System, Solar-powered
ATM, e-statement based billing, paper and electricity consumption savings.
• Environmentally friendly lending policy initiatives.
• Issuance of the Fourth Sustainability Report.
• Maybank 20/20 Sustainability Plan approved by Maybank Group Board.
• Improve HR competencies through training, education, implementation of performance management and provide attractive
2014 career paths.
• Improve service quality through the development of branch networks and technology-based service facilities.
• Launched PIJAR program to support the development of micro business segment through the implementation of quality
community empowerment banking concept.
• Increased access to micro financing through cooperation with Koperasi Mitra Dhuafa (KOMIDA), Association of Women
Small Business Facilitators (ASPPUK) in Sumatra, Kalimantan, Sulawesi, NTB, NTT and Java, empowerment program for
underprivileged communities through sharia cooperatives, BMT spread across 10 cities.
• Continuing activities with 4 main activity focuses: Education, Activities that support Healthy Living, Community
Empowerment and Environment.
• Issuance of the fifth Sustainability Report, which was prepared based on the Sustainability Reporting Guidelines version 4
(GRI-G4) and
• Financial Services Sector (FSS). This report has been verified by the National Center for Sustainability Reporting (NCSR).
• Awards: Commendation for 1st time G4 Report 2013 and Commendation for 1st Year Sustainability Report 2013 by National
Center for Sustainability Reporting (NCSR).
• Implementation of Maybank 20/20 Sustainability Plan
2015
• Reputational Risk Policy issued by Maybank Group Risk to support the inclusion of Environmental, Social and Governance in
Maybank Group’s investment products & services, precredit practices and supply chain.
• Continued activities with 5 main focus activities: Education, Art & Culture Preservation Activities that support Healthy
Living, Community Empowerment and Environment.
• Issuance of the sixth Sustainability Report.
• Annual Global CSR Award - Platinum Award for Women Empowerment category from Pinaccle Group International, March
19, 2015
• SRA Award 2015 for Sustainability Report (SR) 2014, Runner Up 2 Best SR.
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• Realised Banking Education Program including Apprentice Program, savings education for elementary school students and
2016
training for journalists.
• Continued activities with 5 main activity focuses: Education, Art & Culture Preservation Activities that support Healthy
Living, Community Empowerment and Environment.
• Issuance of the seventh Sustainability Report prepared based on the GRI-G4 version of the Sustainability Reporting
Guidelines and the Sustainability Financial Report (SFR). This report has been verified by the National Center for
Sustainability Reporting (NCSR).
• Continued environmentally friendly lending policy initiatives.
• Improved access to micro financing and community empowerment through cooperation with Mitra Dhuafa Cooperative
(KOMIDA) in Majalaya (West Java), Magelang and Grobogan (Central Java).
• SRA Award 2016 for Sustainability Report (SR) 2015, Commendation for Best Practice in Micro Financing for Women.
• In 2016, the Bank’s CSR program reached 17,069 beneficiaries.
Progress of Business Sustainability Program Development until 2017:
2017 • Continued the CSR program by focusing on 5 pillars: Education, Community Empowerment, Activities that support Healthy
Living, Environment and Art & Culture Preservation.
• Realised Banking Education Program including Apprentice Program, savings education for elementary school students and
training for journalists.
• Continued micro financing and community empowerment programs through cooperation with Mitra Dhuafa Cooperative
(KOMIDA) in Majalaya (West Java), Magelang and Grobogan (Central Java).
• Conducted community empowerment activities for 503 people with disabilities through the Reach Independence &
Sustainable Entrepreneurship (RISE) program in 5 cities in Indonesia.
• Maybank Women Eco Weavers empowerment program received recognition from ASEAN.
• Maybank Indonesia participated in the ASEAN 50th Anniversary celebration through the Maybank Women Eco Weavers
program exhibition.
• Issuance of the eighth Sustainability Report prepared based on the GRI-G4 version of Sustainability Reporting Guidelines
and Sustainability Financial Report (SFR). This report has been verified by the National Center for Sustainability Reporting
(NCSR).
• SRA Award in 2017 for Sustainability Report (SR) in 2016, Runner Up 2 Sustainability Report Category of Financial Services
Company.
• Bronze Award for Best Community Program in Global CSR Award 2017 from Pinnacle Group International.
• Business Sustainability Program Development Process until 2018:
2018
• Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that
support Healthy Lifestyles, Environment and Preservation of Arts and Culture.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring
to women beneficiaries of the micro financing program, weavers and people with disabilities and marginalised communities
participating in the Reach Independence & Sustainable Entrepreneurship program, including students participating in the
Maybank internship program. The number of beneficiaries of this program is 1,743 people.
• Issuance of the ninth Sustainability Report prepared based on the national Sustainability Reporting Guidelines; OJK
regulations (Sustainability Financial Report) and Global Reporting Initiative (GRI) Standard guidelines. The report was also
verified by the independent National Center for Sustainability Reporting (NCSR) which has been working in the field of
Sustainability Reporting for 13 years.
• Continuing empowerment programs for women, communities with disabilities and marginalised communities and increasing
access to funding and micro financing for them through the Maybank Women Eco Weavers program, micro financing
program for members of Koperasi Mitra Dhuafa (KOMIDA) and the Reach Independence & Sustainable Entrepreneurship
(RISE) program with a total of 2,766 beneficiaries until December 2018.
• The launch of the Scale Up Reach Independence & Sustainable Entrepreneurship (RISE) program in Yogyakarta was attended
by the Governor of Yogyakarta Sri Sultan Hamengkubuwono X, Gusti Kanjeng Ratu Hemas, OJK Board of Commissioners for
Consumer Education and Protection,
• Mayor of Yogyakarta as well as representatives of OJK and BI Yogyakarta. The program focuses on training and mentoring
for people with disabilities who have become entrepreneurs.
• The signing of the eMpowering Youth Across ASEAN regional program cooperation between Maybank Foundation and
ASEAN Foundation at ASEAN Secretary, Jakarta. As a commitment of Maybank Group to make social economic changes for
underprivileged communities in synergy with ASEAN youth and local CSOs.
• Asia Sustainability Report Rating (ASRR) 2018 Award for Maybank Indonesia 2017 Sustainability Report; Gold Rank
Sustainability Report.
• Gold Award for Best Excellence in Provision of Literacy & Education in Global CSR Award 2018 from Pinnacle Group
International.
• Developed Sustainable Finance Action Plan (SFAP) in accordance with Financial Services Authority Regulation (POJK) No
51/POJK.03/2017 for Financial Services Institutions, Issuers and Public Companies. Broadly speaking, the RAKB covers the
implementation of sustainable finance, incentives, social and environmental responsibility and sanctions for a period of one
year to five years.
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Business Sustainability Program Development Process until 2019:
2019 • Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that
support Healthy Lifestyles, Environment and Preservation of Arts and Culture.
• Implementation of Sustainable Finance Action Plan (RAKB) in 2019 and preparation of Sustainable Finance Action Plan
for 2020 in accordance with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services
Institutions, Issuers and Public Companies. Broadly speaking, the RAKB covers the implementation of sustainable finance,
incentives, social and environmental responsibility and sanctions for a period of one year to five years.
• Continuing empowerment programs for women, communities with disabilities and marginalised communities and
increasing access to funding and micro financing for them through the Maybank Women Eco Weavers (MWEW) program,
micro financing program for members of Mitra Dhuafa Cooperative (KOMIDA), Reach Independence & Sustainable
Entrepreneurship (RISE) program and micro financing program for communities with disabilities members of PUSPADI Bali
cooperative with a total of 3,255 beneficiaries until December 2019.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring
to women beneficiaries of the micro financing program, weavers and people with disabilities and marginalised communities
participating in the RISE program, including students and students participating in the Maybank internship program. The
number of beneficiaries of this program in 2019 was 1,296 people.
• Implementation of financial education programs for elementary school students with an age range of 9-12 years through
the Cashville Kidz program designed for children to have good financial management and instill the habit of saving from an
early age. The number of beneficiaries of this program in 2019 was 559 students from 5 elementary schools in Jakarta; SDN 3
Menteng, SD Santa Maria, SD Santa Ursula, SD Jubilee and SD Al-Izhar.
• Implementation of the first phase of the eMpowering Youth Across ASEAN program and the signing of the second phase
of regional program cooperation between Maybank Foundation and ASEAN Foundation at ASEAN Secretary, Jakarta. This
cooperation is Maybank Group’s commitment to make economic and social changes for underprivileged communities in
synergy with ASEAN youth and local CSOs. In Indonesia, the 2019 eMpowering Youth program was implemented in 4 areas
namely, Sumedang and Purwakarta West Java, Ende East Nusa Tenggara and Tana Toraja South Sulawesi.
• The issuance of the tenth Maybank Indonesia Sustainability Report which was prepared based on the national Sustainability
Reporting Guidelines; OJK regulations (Sustainability Financial Report) and Global Reporting Initiative (GRI) standards. The
report was also verified by the independent institution National Center for Sustainability Reporting (NCSR) which has been
working in the field of Sustainability Reporting for 14 years.
• Bronze Award for Best Community Program in Global CSR Award 2019 from Pinnacle Group International.
• Asia Sustainability Report Rating (ASRR) 2019 Award for Maybank Indonesia 2018 Sustainability Report; Gold Rank
Sustainability Report.
• Currently, the Bank’s total portfolio that is in accordance with the implementation of sustainable finance is at least 39% of
the Bank’s total loan portfolio.
• Periodically identify the Bank’s credit portfolio that meets the Environmental, Social and Governance (ESG) criteria. The
Bank continues to monitor and is committed to increasing the number of such portfolios that are in line with the Bank’s risk
appetite.
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Process of Business Sustainability Program Development until 2020:
2020 • Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that
support Healthy Lifestyles, Environment and Preservation of Arts and Culture.
• Implementation of Sustainable Finance Action Plan (RAKB) in 2020 and preparation of Sustainable Finance Action Plan
for 2021 in accordance with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services
Institutions, Issuers and Public Companies. Broadly speaking, the RAKB covers the implementation of sustainable finance,
incentives, social and environmental responsibility and sanctions for a period of one year to five years.
• Implementation of the Maybank Fight COVID-19 pandemic support program through various initiatives including;
- donation of 1,100 Personal Protective Equipment (PPE) to 38 referral hospitals in various regions in Indonesia in
collaboration with the Anne Avantie Foundation;
- donations of PPE, medical equipment, masks and food for medical personnel and affected communities in collaboration
with the Banking Consultative Body and the Financial Services Industry Communication Forum of Yogyakarta, Aceh, West
Sumatra and West Sulawesi;
- donation of prepared food packages to 5,000 people affected by the pandemic in Muara Baru slum, Jakarta. A
collaboration between Artemis and HARA Foundation;
- donation of food packages to Ojek Difa and PUSPADI Bali communities;
- supporting 24 members of Ojek Difa to improve their economy amidst the pandemic through an aquaponic catfish
farming entrepreneurship program.
• Maybank Foundation handed over a donation of 150 masks made by Cambodian women weavers, participants of the
Maybank Women Eco Weavers program, to the ASEAN Secretariat. The handover ceremony took place at the ASEAN
Secretariat Building and was witnessed by the Secretary General of ASEAN, Dato Paduka Lim Jock Hoi, State Envoys of
Malaysia, Cambodia and Vietnam to ASEAN and the Maybank Foundation Board of Trustees. In addition, Maybank Indonesia
and Maybank Foundation donated 1,100 fabric masks made by 250 underprivileged women weavers of the Maybank Women
Eco Weavers Program in Cambodia to 5 beneficiary communities of the CSR program, namely: SD Kenalan, Puspadi Bali,
SLB Semin, Ojek Difa and Berdaya Bareng. In addition to donating cloth masks, Maybank Indonesia also provided brief
information material about the COVID-19 pandemic and how to prevent it..
• Continuing the program:
- empowerment for women through Maybank Women Eco Weavers (MWEW) Batch 2 Program in Lembata, East Nusa
Tenggara and Tuban, East Java.
- Reach Independence & Sustainable Entrepreneurship (RISE) 2.0. program for communities with disabilities and
marginalised communities is implemented in 16 cities in Indonesia and partly implemented online. The number of
beneficiaries of the two programs until December 2020 was 1,725 people.
- Micro financing support for the PUSPADI Bali disability community, SLB Semin Gunung Kidul and SD Kenalan Kulon Progo
with a total of 238 beneficiaries.
- Implementation of sustainable banking education and financial literacy programs through training and mentoring for
people with disabilities and marginalised communities participating in the RISE program, including students participating
in the Maybank internship program. The number of beneficiaries of this program in 2020 is 1,655 people.
- Issuance of the tenth Maybank Indonesia Sustainability Report prepared based on the national Sustainability Reporting
Guidelines; OJK regulations (Sustainability Financial Report) and Global Reporting Initiative (GRI) standards. The report
was also verified by the independent institution National Center for Sustainability Reporting (NCSR) which has been
working in the field of Sustainability Reporting for 14 years.
- Asia Sustainability Report Rating (ASRR) 2020 Award for Maybank Indonesia 2018 Sustainability Report; Gold Rank
Sustainability Report.
- The Most Appreciation Corporate Social Responsibility Award in Tempo Country Contributor Award 2020.
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Development of Business Sustainability Program until 2021:
2021 • Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that
support Healthy Lifestyles, Environment and Preservation of Arts and Culture.
• Implementation of Sustainable Finance Action (RAKB) in 2021 and preparation of Sustainable Finance Action Plan for 2022
in accordance with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services Institutions,
Issuers and Public Companies. Broadly speaking, the RAKB covers the implementation of sustainable finance, incentives,
social and environmental responsibility and sanctions for a period of one year to five years.
• Implementation of the Maybank Fight COVID-19 pandemic support program through various initiatives, including;
• donation of medical equipment for health workers in 22 hospitals in 10 provinces in collaboration with BenihBaik.com and
Dompet Kemanusiaan Media Group.
• supported the implementation of the “Gotong Royong” vaccination program for the banking industry initiated by Perbanas
and attended by 54,537 vaccine recipients.
• donation of vitamins, milk and masks as self-protection against COVID-19 for 3,000 underprivileged communities in Jakarta
and West Java in collaboration with the Global Rescue Network (GRN).
Implementation of disaster response programs that occurred during 2021 through various initiatives, including:
• distributed basic food packages to 250 Mamuju earthquake victims in collaboration with the local government.
• supported fundraising for disaster relief organised by the Financial Services Authority (OJK) together with Financial Services
Institutions (IJK) entitled “OJK and IJK Care for Disaster” for disaster relief in Mamuju, Bantul, Semarang and Sumedang.
• built 10 permanent shelters and 1 community center for communities affected by the Central Sulawesi Earthquake and
Tsunami in collaboration with Habitat for Humanity Indonesia.
• donations of emergency supplies such as food, medicine and other logistical items for 210 flood and landslide victims in
Lembata and Adonara in collaboration with the Women-Headed Family Empowerment Foundation (PEKKA)..
Continuing the following program:
• Empowerment for women through the Maybank Women Eco Weavers (MWEW) Batch 2 Program in Lembata, East Nusa
Tenggara and Tuban, East Java through prototyping finalisation activities, digital documentation asset production, virtual
launch, and planting assistance for lawa (chocolate) seed cotton production in collaboration with BALITTAS (Balai Tanaman
Pemanis dan Serat) with a total of 245 program beneficiaries consisting of women weavers, artisans, farmers and virtual
launch participants.
• Reach Independence & Sustainable Entrepreneurship (RISE) 2.0. for 1,320 disabled communities and marginalised
communities from 12 provinces in Indonesia and implemented online.
• Donations to Orphanages and Compensation for Orphans and Dhuafa in the holy month of Ramadan 2021 by distributing
stationery packages, basic food packages and compensation to 210 orphans and dhuafa in 3 orphanages, namely Yayasan An
Nur (Jagakarsa, South Jakarta), Yayasan Al-Afia (Jagakarsa, South Jakarta), Yayasan Kamil Insan (Pademangan, North Jakarta).
• Micro financing support for PUSPADI Bali disability community, and Kenalan Kulon Progo Elementary School with 176
beneficiaries.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring
for people with disabilities and marginalised communities participating in the RISE program, including students and students
participating in the Maybank internship program. The number of beneficiaries of this program in 2021 is 1,325 people.
• Issuance of the twelfth Maybank Indonesia Sustainability Report prepared based on the national Sustainability Reporting
Guidelines; OJK Circular Letter (Sustainability Financial Report) and Global Reporting Initiative (GRI) standards. The report
was also verified by the independent institution National Center for Sustainability Reporting (NCSR) which has been working
in the field of Sustainability Reporting for 15 years.Asia Sustainability Report Rating (ASRR) 2021 Award for Maybank
Indonesia 2020 Sustainable Report; Gold Rank Sustainability Report.
• Indonesia Best CSR Award 2021 with Outstanding Program in Supporting Humanising Financial Services from Warta
Ekonomi.
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Development of Business Sustainability Program until 2022:
2022 • Implementing CSR programs in a sustainable manner that focuses on 5 pillars, namely; Education, Community
Empowerment, Activities that support Healthy Lifestyles, Environment and Preservation of Arts and Culture, as well as
remaining responsive in responding to the distribution of aid for disaster victims..
• Implementation of Sustainable Finance Action Plan (RAKB) in 2022 and preparation of Sustainable Finance Action Plan
for 2023 in accordance with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services
Institutions, Issuers and Public Companies. Broadly speaking, the RAKB covers the implementation of sustainable finance,
incentives, social and environmental responsibility and sanctions for a period of one year to five years.
• Implementation of various programs related to sustainability during 2022, including:
- Organised a Sustainability Day event at Taman Baghawan - Bali on August 27, which is a manifestation of Maybank
Indonesia and Maybank Group’s commitment to encourage sustainable business practices, raise awareness and
encourage sustainability practices to bank participants and partners.
- Supported the implementation of environmental conservation through an integrated tree planting program in Laman
Satong, West Kalimantan with the program theme “High Quality and Affordable Healthcare as a Forest Conservation
Incentives”. This reforestation program involves planting 3000 tree seedlings on 1 hectare of degraded land in Gunung
Palung National Park in collaboration with ASRI Foundation.
- Supported PT Socfindo in the Socfindo Conservation Green House program which aims to preserve rare medicinal orchids
in North Sumatra.
- Supported the holding of the Indonesia Net Zero Summit event held on November 11 in Bali by KADIN and KADIN Net
Zero Hub with the theme “Industrial Decarbonisation at All Cost.” The event was attended by around 400 participants
representing various industries, businesses, organisations and the general public..
• Implementation of disaster response programs that occurred during 2022 through various initiatives, including:
- Handover of the construction program of 10 permanent shelters and 1 community center for communities affected by the
Central Sulawesi Earthquake and Tsunami disaster in collaboration with Habitat for Humanity Indonesia.
- Disbursement of disaster relief funds for Cianjur earthquake victims in collaboration with the Yayasan Benih Baik
Indonesia for the construction of growing houses and psychosocial activities.
• Continuing the program:
- Empowerment for women through the Maybank Women Eco Weavers (MWEW) program through participation in the
exhibition of products made by MWEW women weavers from East Lombok, Central Lombok, Tanah Datar, Sawah Lunto,
Lembata and Tuban at the fashion week event, Indonesia Fashion Week (IFW) 2022 located at the Jakarta Convention
Center on 13 - 17 April.
- Reach Independence & Sustainable Entrepreneurship (RISE) 2.0. in 2022 has provided a total of 3,912 training packages
for people with disabilities in Indonesia conducted online. There was also the launch of a documentary film entitled “A
Time to R.I.S.E” on September 30, 2022.
- Donations to Orphanages and Companionships for Orphans and Dhuafa in the holy month of Ramadan 2022 by
distributing stationery packages, food packages and compensation to 310 orphans and dhuafa children in 5 orphanages
in Jakarta and Tangerang, namely Yayasan Bangun Kecerdasan Bangsa, Yayasan Bina Ummat, Yayasan Rahmani Fikriyyah,
Daarul Berkah Rahman, and Yayasan PAAW.. .
• Micro financing support for PUSPADI Bali disability community, and SD Kenalan Kulon Progo. 2022 is the last year of
implementation of this program with 182 beneficiaries.
• Organising the Maybank Marathon Bali 2022 event and inviting the participation of 40 wheelchair runners in collaboration
with PUSPADI Bali. In addition, it also supports the improvement of the quality of education through donations of
educational equipment to 27 schools around the marathon route.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring
for the disabled and marginalised communities participating in the RISE program, including students participating in
the Maybank internship program and Global Money Week (GMW), as well as students participating in the Cashville Kidz
program. The number of beneficiaries of this program in 2022 is 851 students.
• Issuance of the thirteenth Maybank Indonesia Sustainability Report prepared based on the national Sustainability Reporting
Guidelines; OJK Circular Letter (Sustainability Financial Report) and Global Reporting Initiative (GRI) guidelines.
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Development Process of Business Sustainability Programme until 2023:
2023 • Implementing sustainable CSR programmes that focus on 5 pillars, namely, Education, Community Empowerment,
Preservation of Art and Cultural Heritage, Environmental Diversity, Healthy Living, and Disaster Relief.
• Implementation of the Sustainable Finance Action Plan (RAKB) in 2023 and preparation of the Sustainable Finance Action
Plan for 2024 in accordance with Financial Services Authority Regulation (POJK) No. 51/POJK.03/2017 for Financial Services
Institutions, Issuers, and Public Companies. Broadly speaking, the RAKB covers the implementation of sustainable finance,
incentives, social and environmental responsibility, and sanctions for a period of one to five years.
• Implementation of various programmes with regard to Education:
- Providing students from various universities in Indonesia the opportunity to learn about banking operations and
performance through the Maybank Internship programme. Throughout 2023, 60 students from 29 universities in various
regions of Indonesia, such as the Polytechnic of Manpower, the State University of Jakarta, Bogor Agricultural University,
and several other universities, have participated in this programme.
- A financial literacy programme with MoneyTree aims to teach children aged 9–12 about the importance of money and
money management to become financially savvy. Using a four-episode animated series with four characters, Sens Andola,
Penny Wise, Suzy Spendamore, and Barry Maveric, the programme, called Cashville Kidz, is an innovative and fun financial
education programme.
- To symbolise the launch of the Kasih Orang Tua Asuh programme, which is part of the bank's efforts to raise awareness
among Maybankers to support the education of Indonesian children by becoming foster parents to underprivileged
students so that they can continue to receive a proper education. The series of symbolic activities aims to bring
Maybankers together with foster children in financial literacy education activities. The beneficiaries of this programme
are 872 children from 19 primary schools spread across three regions (Jakarta, Medan, and Makassar).
- As part of Global CR Day, Maybankers based outside the Jabodetabek area, such as in Medan, Lampung, Palembang,
Jambi, Bandung, Solo, Tegal, Purwokerto, Pekalongan, Malang, Surabaya, Sulawesi, Kalimantan, Bali, and Nusa Tenggara,
also conducted various social activities in the form of financial literacy, support for teaching and learning facilities, and
sports facilities for schools. These activities reached approximately 2,520 students from 14 primary schools.
• Implementation of various programmes related to Community Empowerment:
- Implementing an economic empowerment programme for communities with disabilities and marginalised people titled
"Reach Independence & Sustainable Entrepreneurship (RISE) 2.0". RISE 2.0 programme. RISE 2.0 Basic and Standard Level
Training has been conducted for communities with disabilities and marginalised people in West Java, East Java, Central
Java, Riau, Jambi, North Sumatra, Aceh, Bengkulu, Lampung, Riau Islands, NTT, NTB, Maluku, Gorontalo, South Sulawesi,
North Sulawesi, Central Sulawesi, Jabodetabek, South Kalimantan, West Kalimantan, North Kalimantan, and East
Kalimantan, with a total of 2,186 participants.
- Maybank Indonesia conducted an annual programme to coincide with the month of Ramadan, focusing on the provision
of stationery and basic food packages on 14 April 2023. The assistance was received by 300 beneficiaries from 5
orphanages, namely Yayasan Yatim Cinta Dhuafa Bintaro, Yayasan Bukit Cahaya Indonesia, Yayasan Kamil Al Khoiriyah,
Yayasan Baitussoleha, Yayasan Muslimin Jaya, and Yayasan Muslimin Jaya.
• Implementation of various programmes related to Art and Cultural Heritage Preservation:
- Maybank Indonesia engaged the participation of Maybank Women Eco-Weavers from various regions to showcase their
weaving creations at the Maybank Marathon in Taman Bhagawan, Bali, on 26 August 2023. This assistance aims to revive
the MSMEs of women weavers who suffered during the pandemic's economic downturn. To implement this, Maybank
Indonesia and Maybank Foundation have partnered with the Association of Small Business Women Facilitators (ASPPUK)
to open an exhibition stall to showcase and promote natural dye weaving products made by women weavers supported by
the Maybank Women Eco-Weavers programme.
- Maybank Indonesia participated in supporting the preservation of one of the biggest cultures and traditions in Bali with
Ogoh-ogoh activities as part of the Nyepi Day ritual series held on 21 March 2023. Ogoh-ogoh depicts a Hindu character
named Bhuta Kala. The large-sized Ogoh-ogoh, which resembles a giant statue, is carried by a group of people around the
village on the night before Nyepi Day.
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• Implementation of various programmes related to Environmental Diversity:
- To celebrate Indonesia's Independence Day, Maybank Indonesia organised a tree planting and waste segregation event
as part of the implementation of the Sustainable Development Goals (SDGs); Global CR Day 2023 was themed "For My
Indonesian Earth." Global CR Day is an annual initiative of Maybank Group to realise the Company's commitment to
building harmonious and sustainable relationships with communities, the environment, and local and global stakeholders,
in line with Maybank Group's mission of "Humanising Financial Services." Maybank Indonesia draws attention to the
critical situation regarding air quality and pollution in Jakarta, as well as waste management. Activities for Global CR
Day on Saturday 19 August 2023, included planting 1,500 trees under the Becakayu Toll Road (Bekasi-Cawang-Kampung
Melayu) and waste sorting activities for organic and non-organic waste.
- In an effort to reduce the carbon footprint of organising and participating in the Maybank Marathon 2023, Maybank
Indonesia, in collaboration with Jejakin, conducted a mangrove planting activity at Mangrove Arboretum Park, Tanjung
Benoa, Bali, to protect the coastal environment and reduce coastal erosion. The activity took place on Friday 25 August
2023, and resulted in the successful planting of 2,000 mangrove seedlings. According to calculations and research by the
Centre for International Forestry Research (CIFOR), these 2,000 mangrove trees can absorb approximately 58,599 kg of
CO2e within 8 years. This mangrove planting initiative in Bali was undertaken in support of the Maybank Marathon Bali
2023 to help reduce the event's carbon footprint.
- On 26 August 2023, Maybank Indonesia, together with Maybank Group, held a Sustainability Day event, which was the
first series of activities for the Maybank Marathon 2023. The Sustainability Day celebration showcased the sustainability
journey, including the Bank's and the Group's commitments and achievements, with sessions on R.I.S.E. participation,
women's economic empowerment with PT Permodalan Nasional Madani, financial literacy with Citta Financial, mangrove
forest education with Jejakin, sports equipment donation, and other interactive sessions. The event also contributed to
the community by engaging children in eco-friendly activities, supporting 27 schools along the race route, organising
student support, and distributing 14,000 eco-bags.
- Focusing on waste management solutions, especially organic waste management, and providing economic benefits to the
community to better ensure its sustainability aspects, Maybank Indonesia launched the Eco Village Programme, which
includes organic waste processing activities using BSF maggot technology, education on waste sorting and selection (3Rs),
and planting jackfruit trees as trees with economic benefits. The launch event of the Eco Village Programme - Towards
Yogyakarta Asri & Bersih was scheduled to be held on Saturday 25 November 2023, from 14.30 to 16.00, directly at the
Petung Hamlet Area, Bangunjiwo Village, Kasihan District, Bantul Regency, Yogyakarta Special Region Province. The BSF
maggot has the ability to decompose organic waste 2–5 times its body weight in 24 hours. Thus, Maybank's BSF maggot
waste management method will be more effective in processing 500kg of organic waste per day from 10,000 households
in Petung Hamlet. This programme will also support the improvement of the circular economy through the cultivation of
BSF maggots.
• Implementation of various programmes related to healthy living:
- Conducted the Children's Sprint and Wheelchair categories at the Maybank Marathon Bali event. Specifically for the
Wheelchair category, the number of participants reached 36 male and 14 female wheelchair runners from the Bali
Disability Empowerment Centre (PUSPADI Bali). These disabled athletes took part in the 5K race on 27 August, which
was divided into 4 disability categories. This activity is a tangible form of Maybank's support for disabled athletes and
inclusiveness.
- Collaborated with the Indonesian Red Cross (PMI) to hold a blood donation activity, which is a routine programme of
Maybank Indonesia, to increase social awareness and promote a healthy lifestyle among employees as well as meet
blood needs in Indonesia. This activity was participated in by 105 Maybankers on 3 August 2023, in a series of Maybank
Sustainability Series events, and produced 81 blood bags.
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Human
Capital
The Bank's strategic approach to human resource development
is consistent with its overall strategies and business units.
The primary goal is to maximise productivity and gain
a competitive advantage in the market.
In pursuit of the vision of becoming Indonesia's leading financial THE BANK‘S INITIATIVES IN ADDRESSING
services provider and the mission of Humanising Financial COVID-19 PANDEMIC TRANSITION TO
Services, Maybank Indonesia is committed to becoming ENDEMIC
an employer of choice by implementing an innovative and In dealing with the COVID-19 pandemic transition to endemic,
sustainable Human Resources (HR) management framework Maybank Indonesia carried out various initiatives, including:
aimed at creating value and serving the community. Despite 1. Implementation of Work from Home (WFH), Work from
the global economy's ongoing uncertainty and the possibility Office (WFO), and Split-Operations work arrangements.
of a recession, 2023 presents significant challenges. However, 2. Mandatory health declaration for employees who have
the Bank views these challenges as opportunities to strengthen COVID-19 symptoms and meet the predetermined
Maybank Indonesia's fundamentals by honing the focus on the requirements to maintain and ensure a conducive work area.
M25+ strategy and its implementation. This includes developing 3. Availability of Bank policies regarding the prevention
digital capabilities for small and medium-sized enterprises, and handling of COVID-19, including a contact tracking
advancing Islamic banking, and implementing "bank as a mechanism if an employee is confirmed to have COVID-19,
service offering." Maybank Indonesia is constantly working to including a health protocol handbook, and an employee
communicate, monitor, and support the M25+ strategy, which guide to the New Normal.
will effectively propel the Bank's growth. 4. Publishing communication on awareness of #SafetyIsaMust
health protocols and implementation of a clean and healthy
In October 2022, the Bank introduced M25+ with the goal of lifestyle.
meeting a wide range of customer needs while also improving 5. Increase learning through e-learning and webinars that can
the Bank's reputation in the community. The essence of M25+ limit the intensity of in-person interactions and reach more
is the adoption of ethical banking practices through the use of participants.
Agile Ways of Working. This strategy continues to help Maybank 6. All work units and employees are responsible for ensuring
Indonesia stay ahead of the curve in meeting changing customer the cleanliness and hygiene of the work area regularly.
demands. As ethical banking principles are implemented, the 7. Provide personal protective equipment such as masks, hand
center of excellence will continue to play an important role sanitisers.
in fostering collaboration among all internal stakeholders in 8. Availability of the COVID-19 task force at the headquarters
customer interactions and Maybankers' daily activities. and branch offices so that they can monitor the
implementation of health protocols and respond quickly to
handling COVID-19 in the office environment.
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9. Monitoring the implementation of health protocols through 1. Win Turn Around.
regular BCP meetings attended by 3 Directors. Strengthening HR management to optimise employee
10. If an employee is confirmed to have COVID-19 recovered productivity and the spirit of growth in the next normal era.
(with a negative test result), the Bank still requires an a. Continuing the implementation of health protocols
examination by a health worker appointed by the Company based on the principles of Occupational Health and
before the employee can WFO. Safety (K3) in a disciplined and responsible ecosystem
11. The Company ensures that all employees and their families by providing K3 training Floor Warden and First Aider in
have been fully vaccinated against COVID-19. stages.
12. Held Surprise Antigen at selected working areas to anticipate b. Focus on increasing productivity through the optimal
the spread of COVID-19 virus. achievement of HR capabilities and capacities, as well
13. Apply disciplinary action for employees who do not comply as a performance-based remuneration strategy with
with health protocols. positive consequence management.
c. Carrying out organisational revitalisation to ensure an
DEVELOPMENT FRAMEWORK FOR HUMAN optimal work model for the Bank’s business growth,
RESOURCES IN 2023 which is supported by strategic HR recruitment by taking
The Bank's strategic approach to human resource development into account the appropriate workforce composition.
is consistent with its overall strategies and business units. The d. Continuing the involvement of Work Unit Leaders,
primary goal is to maximise productivity and gain a competitive Branch Managers, and line managers as productivity
advantage in the market. To ensure the Bank's sustainability drivers who mitigate operational risk and manage human
in the digital era, the Bank prioritises employee competency resources.
enhancement, the cultivation of a self-learning culture through e. Preparing and coaching internal leaders with Future
digital-learning platforms, and the continuous advancement of Leadership competencies aligned with the SEARCH++
Future Ready Skills. method in the Maybank Group.
f. Ensuring the fulfillment of mandatory and professional
As the pandemic is gradually brought under control and new certifications for certain positions in the Bank so that
norms are more systematically adopted, 2023 will be a year they remain compliant with regulations and can support
of innovation in the Bank's learning methodologies. Maybank daily work.
Indonesia is pioneering a hybrid learning approach that combines g. Continuing development of digitisation to accelerate the
face-to-face and online learning methodologies. learning administration process.
Details of the Bank’s HR development work directions are h. Starting a new approach using a hybrid learning method
outlined in the following: (online and offline).
i. Understand and develop learning outcomes by
implementing Learning Analytics.
j. Encourage engagement initiatives to strengthen
employee pride as a Maybanker (Proud to be Maybanker)
and involve Work Unit Leaders, Branch Managers, and
line managers in engagement sessions to strengthen
team synergy and energy.
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2. Future-Ready towards M25+.
Ensuring the Bank’s readiness in facing futurisation includes workforce futurisation, workplace futurisation, and workstyle
futurisation.
a) Implementing Mobile Work and Hybrid Models as new work patterns, supported by alignment of related HR policies.
b) Developing HR capabilities and readiness in facing futurisation, including accelerating competency development programs and
succession planning for digital teams.
c) Maximising new work patterns to attract, retain and grow employee engagement, including the new generation of talent.
d) Continuing the implementation of innovation and improvement cultures across all lines.
e) Embedding customer centricity as DNA for Human Capital personnel, eliminating complexity and optimising the impact of
digitalisation in Human Capital on employee experience, including cloud adoption.
3. Human Capital Sustainability (HR Sustainability).
a) Adopt a sustainability culture and capability, including encouraging sustainability initiatives in Human Capital.
b) Prepare successors to meet important, critical and future positions.
c) Ensuring the readiness of the Bank’s HR through the implementation of succession planning and accelerated development for
MCP and their successors to overcome existing competency gaps.
d) Implement knowledge management more broadly.
e) Promoting the implementation of Good Corporate Governance (GCG) and a culture of compliance, including preventive and
mitigating actions, as part of the Maybankers’ way of life.
f) Preparing the Bank and the Bank’s HR for the next Employee Relations milestone.
g) Continuing the implementation of mandatory job rotation.
h) Prioritising the fulfillment of mandatory training and certification programs as part of the Bank’s HR competency standards.
RECRUIT RIGHT
In implementing the "Recruit Right" program, the Bank ensures that the recruitment process takes into account not only the necessary
technical and managerial skills, but also personality traits, particularly a commitment to compliance and upholding the company's
integrity. The recruitment process is fair and inclusive, with no discrimination based on specific factors such as ethnicity, religion, race,
or intergroup relations (SARA). Furthermore, the Bank is committed to recruitment based on the 4C principles, which assess candidates
for Competence, Commitment, Ability to Contribute, and Cultural Fit.
Throughout 2023, the Bank successfully recruited a total of 1,105 employees. This includes 987 professional hires from diverse
backgrounds with relevant skills and experience, as well as 118 recent graduates from various universities who are actively participating
in several development programs.
The data for the last 3 (three) years for professional hires and fresh graduates are as follows:
2021 2022 2023
Fresh Graduates 266 593 118
Professional Hires 848 1.161 987
Total 1,114 1,754 1,105
The Bank undertakes recruitment efforts for the Strategic Programme segment as part of its initiative to fortify the bank's position in
expanding and growing various lines of business. Furthermore, the Bank prioritises young talent (Next-Gen) and enhances its employer
branding to attract the high-quality talent needed. Employer branding serves as a strategy to attract talent both from experienced hires
and fresh graduates. In 2023, the Bank has engaged in various activities and initiatives to achieve "Recruit Right."
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1. Strengthening Maybank Indonesia's employer branding. PERFORM RIGHT
a. Enhancing collaborations with various universities to Objectively, Maybank Indonesia manages its human resources
conduct internships, organise campus hiring events, and based on performance, emphasising coaching and one-on-
participate in job/career fairs. one communication between employees and managers. Line
b. Serving as guest speakers at various campus events. managers are equipped with the ability to conduct coaching
c. Conducting periodic mass hiring activities. and have powerful conversations, both of which are critical
d. Organising Maybank Group programs such as the GenM components of the managerial development program.
Global Summit and #Mbassador. Maybank Indonesia also continuously streamlines performance
e. Consistently creating videos depicting the daily lives management processes by utilising technology. The Bank
of Maybankers and topics relevant to the younger monitors and evaluates employees' performance online through
generation. internet networks. To maintain the quality of performance
2. Conducting talent mapping to assist the Bank in identifying management in the Bank, the Human Capital Directorate
talents, both internal and external, to fill various critical collaborates with relevant units to ensure alignment between
positions within the Bank. the Bank's strategy and targets and the Key Performance
3. Implementing online employee recruitment processes Indicators (KPIs) established for each unit and employee. The
through portals to streamline administrative processes and implementation of a coaching culture is part of all employees'
reduce paper usage. Performance Improvement Plans (PIPs).
4. Improving recruitment processes and implementing
potential compliance measurements with rules and integrity Employee performance management is implemented
maintenance in the company during psychometric tests. alongside other HR management processes to ensure process
5. Strengthening Know Your Employee (KYE) checking through effectiveness. Performance assessment results are critical in
tightening SLIK checking. determining employee development, career advancement,
6. Collaboration with Human Capital and stakeholders. Through and remuneration acceptance, in accordance with the Bank's
the establishment of this collaboration, synergy programs meritocracy culture. Career progression and employee
are created to meet stakeholder needs for talent, updates promotion processes are implemented while taking into account
regarding business or market conditions, and so forth. the employees' readiness to assume higher positions.
Various strategies will be implemented to attract and retain As part of its commitment to supporting business goals,
talent while remaining the top choice as "The Best Place to Work Maybank Indonesia's Human Capital continues the Sales
For." In meeting talent needs, the Bank emphasises an honest, Culture program, which promotes a sales culture throughout the
open recruitment process, avoiding various forms of conflict of organisation.
interest in order to avoid misconduct that could jeopardise the
Bank's credibility. Maybank Indonesia's Human Capital makes a significant
contribution to strategic initiatives that support business growth
The overall plan for 2024 is to maintain efficient processes, and the Bank productivity, as well as other transformation
improve quality, and promote innovative approaches to problem projects that require coordination among various units within
solving. the Bank.
Several initiatives are planned for the Talent Acquisition
unit in 2024, including intensifying existing programs and
activities, improving processes held in 2023 such as mass
hiring and collaboration with universities for campus hiring,
youth engagement (company visits, sharing sessions, guest
lectures), internships, content production with enhanced value,
participation in government programs, organising #Mbassador-
related programs, and focusing on employer branding.
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DEVELOP RIGHT Succession Management is the process of identifying talent,
In the face of business competition and rapid and competitive providing fundamental data, and planning appropriate talent
technological developments, as well as the challenges posed development programs. The entire process is planned and
by the ongoing pandemic situation, Maybank Indonesia reviewed annually, in tandem with the talent review process,
is committed to developing the quality and capabilities of which includes Talent Classification for all employees and
its human resources (HR) by providing opportunities for the identification of potential talents as future leaders in
all employees to develop themselves, both personally and critical positions within the Bank. This ensures that the Bank
professionally. HR development is structured, comprehensive, has accurate reference data for the future development and
and hierarchical in order to benefit every employee at every remuneration of its employees.
organisational level in terms of personal and professional
development. The goal is to produce and develop competent Assessment and data collection are not only concerned with
future leaders capable of competing in today's increasingly past performance, but also with each employee's potential for
dynamic business environment. Training and development future development. Talent management also includes Maybank
programs are designed in accordance with Maybank Indonesia's Indonesia's affiliated companies, such as Etiqa, Maybank Asset
strategy to ensure that all programs/activities are carried out Management, Maybank Kim Eng, Maybank Finance, and WOM
efficiently, effectively, and seamlessly to support Maybank Finance. This aims to align the methodologies used in talent
Indonesia's performance improvement. Maybank Indonesia's identification with talent development, thereby creating a larger
training and development design consists of four components: talent pool within the Maybank Indonesia organisation.
training need analysis, training design, training implementation,
and training evaluation. Maybank Indonesia's Human Capital was introduced in 2018
to support the Bank's focus on continuous improvement of
Since the beginning of the COVID-19 pandemic, employee employee capabilities while remaining relevant to the needs and
training methods have been updated to ensure effective dynamic business competency developments. It strengthens the
implementation. Maybank Indonesia takes advantage of this standards and competencies outlined in the Structured Learning
opportunity to optimise various e-learning platforms, as well Program and 6 Future Ready Skills. These competencies include
as launch a new e-learning platform with a learning wallet digital awareness, data-driven decision making, human-centered
feature to provide employees with a new and refreshing learning design, agile, future communication, and risk and governance in
experience. the digital world.
Following that, various leadership development programs for EMPLOYEE COMPETENCY DEVELOPMENT
successors to key positions in branches are implemented on MODEL
a continuous basis to maintain leadership quality and ensure When developing employee competencies, the Bank employs the
leader sustainability. This is supported by maintaining training 70:20:10 development principle to present effective development
delivery quality, with one initiative preparing and equipping programs. According to this principle, every employee receives
internal trainers to improve the effectiveness and efficiency of development opportunities through direct experience (70%),
online training material delivery for internal topics. interaction and relationships or relationship-based (20%), and
formal training (10%), which can take the form of classes or
Maybank Indonesia has completed 367,997 training hours online learning. As an application of these principles, the Bank
(equivalent to 7 learning days per employee), including online also provides a structured training model known as "Structured
through e-learning, and 98% of employees have received training Learning." This training model is intended to cover all aspects of
in 2023. 70:20:10 by offering debriefing classes, on-the-job training, and
mentoring. Some programs include a comprehensive assessment
At Maybank Indonesia, talent management is always focused on through written tests or evaluations by the Board of Examiners
Succession Management to ensure the availability of competent (BOE).
successors with both hard and soft skills who are ready to fill
critical positions in the future. However, the Bank has two types
of critical positions: MCP (Mission Critical Positions) and OCP
(Operations Critical Positions).
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Meanwhile, in order to compile the content of the employee materials from various world-renowned educational institutions
competency development program, the Bank designed a with the main focus/topic around 6 Future Ready Skills or related
program that aligns employee fields of work, positions, and to sustainable finance. Furthermore, the Board of Directors was
levels. The program is then divided into 5 (five) levels based on an provided with the BOD Privilege Program, which, among other
organisational level, as follows: things, consisted of executive speaking, namely public speaking
• The Foundation Level, which focuses on Execution, is activities carried out by the Board of Directors within the scope
intended for Staff and Assistant Manager levels. of institutions/communities/media related to certain topics.
• Intermediate 1 level, which focuses on Building Relationships, There is also the BOD Reachout Program (Region Adoption/
is intended for Manager and Senior Manager levels. Visit), which is a mentoring/coaching activity and online visits to
• Intermediate 2 level, which focuses on Influence and branch offices and regions in Indonesia to support performance
Empowerment, is for the Assistant Vice President and Vice improvement, support the development of key talents, and
President levels. provide direction in maintaining & improving work processes
• The Advance level, which focuses on Strategic Direction and in branch and regional offices. In addition, the BODs are also
Alignment, is for the Senior Vice President and Executive involved as mentors/sponsors of the Bank's internal development
Vice President levels. programs.
• C-Level, which focuses on Visionary Direction and Alignment,
is for the Director level. REALISATION OF EDUCATION AND
TRAINING PROGRAMS
This level functions to assist employees in being able to take To meet the needs of Human Resources (HR) and strengthen
part in training programs according to what is needed for their the organisational bench strength for both business and non-
positions. This is also in line with the leadership competencies business purposes, Maybank recruited 276 young Maybankers
that have been adhered to by Maybank, which are called in 2023 as part of 11 batches of education programs for recent
SEARCH(+) competencies and consist of: graduates. In 2023, the learning process was carried out using
both online and face-to-face methods.
SEARCH:
• Strategic Visioning The programs conducted in 2023 include the Privilege Banking
• Engaging & Developing Talent Program for the marketing funding segment with a total of 3
• Spirit of Achievement batches and 52 participants, the Talenta Service Program for
• Cultivating Relationship Customer Service and Teller with 2 batches and 92 participants,
• Customer Centricity the Management Development Program for the Credit
• Innovation & Change segment with 3 batches and 58 participants, the Management
Development Program for the Mortgage segment with 2 batches
(+) Competencies: and 39 participants, and the Young Maybanker Program for
• Raising The Bar non-business functions at the manager level with 1 batch and 29
• Navigating Complexity participants.
• Global Acumen
Following the end of the pandemic, the Bank began conducting
To develop HR sustainably, employees who are considered face-to-face training sessions to assess the effectiveness of
to have high potential and performance to be included and learning, particularly for technically oriented banking training.
developed as successors will be allowed to undergo a more To supplement relevant and up-to-date learning materials,
specific development program according to the 70:20:10 Maybank Indonesia offers learning media in the form of self-
principle. The entire development program is created and produced instructional videos that all employees can access
implemented in such a way as to help develop the best potential through the MyCampus application. More than 70 instructional
of the talent and also to provide exposure to the Board of videos and interactive e-learning modules on technical and
Commissioners, Directors, and management to enhance non-technical banking are produced internally. External online
leadership and strategic thinking capabilities as well as business learning platforms such as Qubisa, Percipio, and HMM Spark are
analytical acumen. also made available to all employees in order to provide more
diverse learning experiences. These internal and external training
As a form of integrated development at all levels within the platforms are flexible self-learning media that employees can
Maybank Indonesia organisation, an exclusive competency access at any time and from any device.
development program is also provided to the Board of
Commissioners through the BOC Executive Learning Course,
which is an online learning activity with resource persons and
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From a technical banking standpoint, numerous programs In the third quarter of 2023, the Bank launched the SYNERGY
were implemented in 2023 to improve skills and capabilities, x ELEVATE program. This is an innovation competition and
particularly those that support employee performance and learning festival using the Design Thinking and Agile approaches
impact the company's achievements. The training provided that have been in place since 2021. This competition program is
includes improving selling skills, supporting business skills, credit carried out to continue implementing the culture of innovation,
analysis capabilities, and establishing a compliance culture to collaboration, and continuous improvement throughout the
raise awareness of the importance of compliance among all organisation, open to all employees, as a platform to realise
employees. The Bank also monitors new employee participation innovative solutions for various real needs of the Bank. In
in specific programs such as Mortgage, Sales Induction, and addition to these programs, there are still many other training
Credit Induction on a monthly basis. The training aims to programs themed Future Ready Skills through The Guru Series
increase employee productivity and position Maybank Indonesia seminars.
as an operating bank. Furthermore, the Bank consistently follows
mandatory certification programs imposed by regulators. Training and development in the form of online and ongoing
activities include the General Induction Program, Induction
Furthermore, to develop leadership capabilities for talents at Program, Go for Excellence, Roar Habit, Effective Communication
various levels, in 2023, the Bank again implemented structured Skills, Manager as a coach, Problem Solving & Decision Making,
leadership development programs as follows: Digital Leadership, Basic Human Centered Design, Coaching for
a) M25 Unlimited Potential (M25UP) is an initiative program the Best Talent, Outplacement, and Anti Fraud Refreshment.
from the Group Human Capital for Bank leaders, serving as These programs run throughout the year 2023, reaching more
progressive leadership development by combining classroom than 3,000 employees who participated in leadership and power
experiences, industry insights, and action learning projects. skills training.
The strategic goal of this program is to ensure that Bank
Managers and leaders support the Bank's long-term strategic Maybank Indonesia aligns its strategy with each function to
plans. bolster the organisation's accomplishments in 2023. BIGER
b) The Executive Development Program (EDP) is a (BIONIC TIGER) 2023 is a team-building session organised by
comprehensive program for senior leaders of the Bank as an each work unit to enhance collaboration among employees,
effort to shape leaders' mindset toward the M25+ strategy, improve skills in utilising empowering technology and the M2U
develop their potential, and enhance their readiness as digital application, and raise awareness of sustainability efforts in
successors to leadership at the Board of Directors level. line with Maybank's strategy. The session focuses on the themes
c) Conversation with C-Suite (CWC) is a program where Bank of Collaboration, Productivity, and Agility to align the directorate
leaders and talents can interact directly with the Bank's and regional strategies with Maybank's overall strategy.
Executive Committee at the Group level. This program
provides a learning opportunity for Bank leaders and talents In addition, the Bank also organised the Sustainability Series and
from the Executive Committee through their leadership Sustainability Week as part of its initiatives to raise awareness
experiences and connects them with the Bank's goals. and promote learning on the subject of sustainability among
d) Talents in the company, especially BOD successors, are also all Maybank Indonesia employees. During this event, the Bank
given the opportunity to develop themselves through the organised a series of talks on various sustainability topics
Executive Coaching program. With this program, talents are related to the 17 Sustainable Development Goals. Additionally,
expected to develop their leadership. The Coaching Culture there was a Sustainability Market, Blood Donor activities, and
is continued through the Leaders Groom Leaders program, sports activities. Furthermore, alongside talk series and other
where these BOD successors become coaches/mentors for endeavors, the Bank partnered with the Foster Parent Movement
young talents in the Bank. to offer educational support to underprivileged school children
during this occasion.
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The Bank held the M25+ Grand Showcase to raise awareness and knowledge among Maybankers about the most recent M25+ and
ongoing initiatives. During this event, the Bank hosted update talks from speakers on M25+ and digital initiatives. In addition, the
Bank set up booths where employees could learn about the Bank's initiatives. The event lasted one day and was attended by over 400
employees.
Faced with increasingly challenging current conditions, Maybank Indonesia continues to improve the competencies and capabilities
of its Human Capital employees in the HR field in order to remain relevant to current developments. This is accomplished by enrolling
employees in a variety of certification training programs, including the Certified Human Resources Professional (CHRP) training
program, HR Certification, Advanced Human Capital Accomplished (AHCA), Administrative Human Resources Professional (AHRP), and
Basic Human Resources Professional Program.
In 2023, Maybank Indonesia once again organised the Branch Manager Preparation Program and the Service Manager Preparation
Program. These are intensive and holistic development programs aimed at internal successor development, especially for becoming
branch leaders in the Community Financial Services & Operations Directorate.
Following are the preparation programs implemented by Maybank Indonesia:
Number of
Name of Program Batch Year
Participant
1 16 2021
Area Service Operation Manager Preparation Program 2 25 2022
3 9 2022
1 29 2021
2 31 2022
Service Manager Preparation Program 3 25 2022
4 29 2022
5 26 2023
1 15 2021
Branch Manager Preparation Program 2 21 2022
3 27 2023
1 20 2022
Banking Operations Successor Preparation Program 2 17 2022
3 14 2022
The Bank also evaluated the "MyAdventure" program, which took place in 2022, and provided updates tailored to the progress of
learning and Maybank Indonesia's strategy. The updated MyAdventure is also expected to foster and promote a new learning culture,
building on the Company's Learning Culture Campaigns #LearningNeverStops and #BeABetterMe. It aims to foster initiatives and a
culture in which all employees accept responsibility for their own development and actively and sustainably seek to improve their
competencies and capabilities in order to support the Bank's strategy.
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In 2023, the Bank conducted an average of over 53 training hours per employee, with 98% of the employees being given the opportunity
for training. The total cost for employee development was Rp95.64billion. The employee competency development data for 2023, which
highlights opportunities for each level of the organisation in Maybank Indonesia, is presented in the table below:
2023 2022 2021
Types of Education and Training Number of Number of Number of
Batch Batch Batch
Participant Participant Participant
Technical Program
Banking Skills (Treasury, Compliance,
254 7,636 326 13,067 258 12,162
Audit, Operation, Service Quality)
Credit Skills 21 371 47 790 56 1,733
Sales & Consumers 76 3,289 105 3,698 113 4,692
Technical – Non Banking Skills 162 5,163 176 6,508 169 6,270
Leadership & Soft skills 166 6,375 102 3,287 151 10,297
Induction Program 67 839 36 757 70 718
Integrated Program
Privilege Banking Program 3 52 5 135 3 65
Talenta Service 2 98 5 219 3 100
Management Development Program
3 33 3 73 2 48
RSME
Management Development Program
2 39 2 48
Mortgage
Management Development Program
1 25 1 23 - -
Lending (SME+, BB, GB)
Management Development Program
- - 1 25 1 26
(for Operation)
Relationship Management Development
- - 1 17 1 15
Program (RMDP)
Information Technology Development
- - 1 28 1 15
Program (ITDP)
Digital Management Development
- - 1 15 1 15
Program (DMPD)
Young Maybankers Program (YMP) 1 29 - - - -
Certification Program
Risk Management Certification - 2.260 - 2.078 - 2.139
Mutual Fund Certification (Waperd) - 911 - 964 - 445
AAJI Certification - 1.164 - 373 - 408
Treasury - 52 - 48 - 408
No E-learning Completion (%)
1 Operational Risk Management 99%
2 Code of Conduct 100%
3 KYC /APU PPT 100%
4 Information Security Awareness 99%
5 Core Value TIGER 99%
6 Anti Fraud Awareness 99%
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EXPENSES FOR EMPLOYEE COMPETENCY DEVELOPMENT IN 2023
The Bank adopts a hybrid learning method (online and offline), where the proportion of offline implementation has increased. The Bank
continues to strive for effective management of education funds. The change in the training implementation method contributes to the
increased realisation of education and training funds. With this approach, in the fourth quarter of 2023, the education fund ratio realised
by the bank reached 7.12% of the total gross salary for the year 2022. This percentage is believed to align with the employee development
plan set forth by the Bank.
Employee Education & Training Expenses 2023 2022 2021
Ratio 7.12% 3.32% 2.85%
Total Rp95.64 billion Rp76.86 billion Rp63.30 billion
PROFILE AND DEMOGRAPHICS OF HUMAN RESOURCES
The total number of employees at Maybank Indonesia is recorded at 6,965 individuals. This figure takes into account business development
and operational needs in terms of both quantity and quality.
Number of Employees by Organisational Level
Description 2023 2022 2021 2020
Executive Vice President 14 8 10 10
Senior Vice President 79 81 77 78
Vice President 359 321 289 249
Assistant Vice President 529 479 435 406
Senior Manager 811 751 736 717
Manager 1,274 1,276 1,177 1,130
Assistant Manager 3,072 3,106 3,043 3,156
Staff 652 726 854 977
Non Staff 175 174 182 164
TOTAL 6,965 6,922 6,803 6,887
Number of Employees by Directorate
Description 2023 2022 2021 2020
Community Financial Services 4,115 * 498 497 535
Finance 183 179 180 186
Global Banking 170 160 139 138
Human Capital 174 300 177 129
Information Technology 395 320 252 -
Legal, Compliance, Corporate Secretary 110 106 94 94
& Anti Fraud
Operations 996 1,029 1,012 1,033
Risk Management 459 450 446 438
Under President Director 363 3,880 4,006 4,334
TOTAL 6,965 6,922 6,803 6,887
* In 2023, Community Distribution working unit was transferred to Community Financial Services Directorate, previously Under President Director
Number of Employees by Gender
Description 2023 2022 2021 2020
Male 3,108 3,105 3,042 3,020
Female 3,857 3,817 3,761 3,867
TOTAL 6,965 6,922 6,803 6,887
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Number of Employees by Education Level
Description 2023 2022 2021 2020
Doctor/S3 - - - 1
Post Graduate/S2 396 379 352 287
Bachelor Degree/S1 5,428 5,342 5,216 5,,28
Diploma (D1, D2, D3, D4) 766 803 834 951
High school and equivalent 375 397 399 513
Junior high school and equivalent - 1 2 7
Elementary school and equivalent - - - -
TOTAL 6,965 6,922 6,803 6,887
Number of Employees by Employment Status
Description 2023 2022 2021 2020
Permanent 6,667 6,509 6,597 6,653
Non-Permanent 298 413 206 234
TOTAL 6,965 6,922 6,803 6,887
Number of Employees by Age
Description 2023 2022 2021 2020
17-25 366 333 237 97
26-30 1,193 1,268 1,318 1,270
31-35 1,539 1,564 1,613 1,652
36-40 1,398 1,334 1,239 1,260
41-45 936 871 847 887
46-50 651 698 766 818
>50 882 854 783 903
TOTAL 6,965 6,922 6,803 6,887
Number of Employees by Length of Service
Description 2023 2022 2021 2020
Less than 1 year 1,965 1,210 875 656
1 - < 3 year 777 1,028 1,236 1,612
3 - < 5 year 846 964 888 647
5 - < 10 year 1,045 1,166 1,285 1,444
10 - < 15 year 811 872 806 695
15 - < 20 year 458 476 475 498
20 years and above 1,063 1,206 1,238 1,335
TOTAL 6,965 6,922 6,803 6,887
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REWARD RIGHT INDUSTRIAL RELATIONS
Maybank Indonesia has consistently adhered to the Total The Bank develops and implements an industrial relations
Rewards philosophy. This philosophy takes a comprehensive strategy that emphasises compliance with applicable regulations
approach to providing compensation to employees in both and mutual understanding among stakeholders throughout
financial and non-financial forms, including fixed and variable the organisation. This is done to promote a positive work
compensation for both short and long terms. The Total Rewards environment and business sustainability. To maintain such
philosophy integrates each reward component that is consistent harmonious industrial relations, two-way communication is
with the Bank's culture and values in order to attract, retain, central to carrying out activities or routines, such as developing
and motivate employees to achieve the expected business relationships with business partners and disseminating the
results. The Total Rewards philosophy is implemented using Bank's regulations and policies.
the 3P principle (position, performance, and person), as well as
the equality principle for fair and competitive remuneration. To One strategy in the two-way communication program involves
ensure competitive remuneration, the Bank takes part in market involving Employee Unions in the Bank's environment. Employee
surveys conducted by qualified and credible consultants. unions are regarded as strategic work partners in efforts to
maintain harmonious industrial relations and increase employee
In line with efforts to strengthen a performance-based culture, productivity. The Bank and Employee Unions will continue to
the Bank emphasises a performance-based remuneration cultivate a culture of partnership based on mutual trust.
strategy in which employees' variable compensation is heavily
influenced by their contributions and performance, while As part of its commitment to compliance with Good Corporate
also taking into account the Bank's overall performance and Governance (GCG) principles, the Bank fully implements the
capabilities. The Bank's target for annual total cash received by provisions of the prevailing laws and regulations. In 2023, the
talent is higher than the market median, which includes both Bank executed the signing of the Collective Labor Agreement
fixed and variable compensation, such as performance bonuses (PKB) for the period of 2023 – 2025 on December 19, 2023. The
or the Sales Incentive Plan (SIP) for sales employees. endorsement of this PKB for the period of 2023 – 2025 clarifies
the rights and obligations of employees to be adhered to by the
In an effort to improve employee retention and engagement Bank, Labor Organisations, and Employees, serving as a guideline
in accordance with the Bank's Humanising Financial Services in resolving any differences of opinion concerning the Industrial
philosophy, which promotes a family-oriented culture, efforts Relations between the Bank and its Employees.
are being made to provide competitive benefits in addition to
basic salaries and bonuses. These benefits are available to all Here are various initiatives undertaken by the Bank to enhance
employees and include health plans, pension funds, various mutual understanding and trust with employees and Employee
annual and special leave options, and employee loans with low Unions:
interest rates. In 2023, the Bank prioritises employee health by 1. Enhancing the effectiveness of communication channels
organising Health Talks, Healthy Reward Programs, and Health available to employees for expressing aspirations, ideas,
and Wellness Days in collaboration with third parties. opinions, and constructive suggestions for the Bank.
2. Regular education and sharing programs related to labor
As a way to fulfill the Bank's commitment to sustainability, in regulations and other topics supporting the improvement of
addition to continuing education and developing employee employee knowledge and competencies.
habits, the Bank provides additional opportunities for employees 3. Formal and informal approaches with Employee Unions
to own electric vehicles, both two-wheeled and four-wheeled. through bipartite communication media and other
interactive discussions.
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4. Regular education and training programs for Employee Union Initiatives under the Elevating Health & Mental Health Program
executives. pillar include the regular implementation of "Health Talk"
5. Providing facilities and resources to support the programs to enhance knowledge and provide understanding to
implementation of organisational programs for Employee employees about health. This includes seminars with doctors
Unions. specialising in various fields and health-related challenge
6. Granting dispensation for organisational activities and programs. Additionally, the company conducts blood donation
assistance in deducting wages/salaries for membership dues. drives accompanied by preventive care activities, such as body
7. Collaboration in resolving industrial relations disputes in mass checks and free medical examinations for employees.
accordance with applicable regulations and in the best Maybank Indonesia also provides various facilities and
possible manner. alternatives for employees to engage in sports activities every
week, both at the head office and branch offices. These activities
The Bank also maintains positive relationships with the aim to build camaraderie among employees, support a healthy
government (Regulator) through frequent communication and lifestyle, and emphasise the importance of maintaining physical
prioritises government agendas in order to obtain up-to-date health.
information on the implementation of existing regulations. A
good relationship with the government also helps to keep the Furthermore, as part of Maybank Indonesia's commitment to
Bank's industrial relations in harmony. supporting employees' mental health, the Company hosts Mental
Health Talk programs and offers psychological consultations
RETIREMENT AND EMPLOYMENT through the "Teman Maybankers" (Friends of Maybankers)
TERMINATION program. Certified Mental Health First Aiders (MHFA) are trained
In matters of employment termination, PT Bank Maybank on a regular basis to provide basic assistance to coworkers in
Indonesia Tbk consistently adheres to applicable laws and the form of personal counseling. To ensure a positive mindset
internal Bank policies, emphasising the principles of acting in the and mutual support among Maybankers, Maybank Indonesia
best possible manner and maintaining two-way communication. instills a positive culture through "Empowering Messages." These
Following these guidelines, it is hoped that all parties' positions messages are conveyed through short films/videos, motivational
will be balanced and resolved as much as possible without any podcasts, playbooks/posters, and other creatively designed
industrial relations disputes. Regarding the retirement policy, programs.
the Collective Labour Agreement includes provisions for the
retirement age. The Bank organises the Retirement Preparation Under the pillar of Elevating A Positive Workplace Environment,
Period training program to help employees nearing retirement the company has implemented a hybrid working arrangement
age prepare for their retirement period. for certain functions as part of Work-Life Balance & Employee
Wellbeing. This is done to help create a positive work
EMPLOYEE ENGAGEMENT (CULTURE AND environment. To strengthen the bond between Maybankers, the
ENGAGEMENT) company offers opportunities for employees to pursue hobbies
Employees are the greatest asset for Bank Maybank Indonesia, such as cooking classes, beauty classes, banking modeling
representing a crucial part of the company. This principle activities, choir classes (which also had the opportunity to
serves as the foundation for the company to develop employee compete in national competitions this year), and the Maybankers
capabilities as the most valuable corporate asset. Maybank BAIK community, which focuses on social issues. This includes
Indonesia consistently strives to transform in alignment with the "Kasih Orang Tua Asuh" (Foster Parent Love) program and
global workplace trends, addressing and meeting the needs of financial literacy activities in elementary schools.
employees that emphasise the balance between professional
work, personal life, and employee well-being (work-life balance In the current year, the company conducted an Employee
& employee well-being). Through the Engagement Framework, Engagement Survey (EES) as an effort to establish parameters for
the company focuses on three pillars to create the company as the level of employee engagement with the company. This survey
"A Great Place To Work for," namely; Elevating Health & Mental involved independent consultants and achieved a 99% overall
Health Program, Elevating A Positive Workplace Environment, participation rate from Maybank Indonesia employees.
and Elevating Reward Right Program.
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Various initiatives to strengthen the TIGER core values remain - Employee Engagement Programs to ensure a
focused on developing a strong leadership team, fostering a high- comfortable, healthy, and productive work environment,
performance culture, and providing opportunities for personal including initiatives such as mobile work arrangements,
and professional development and growth. The importance healthy lifestyle programs, virtual sports activities, and
of coaching culture and one-on-one communication among other employee engagement activities.
employees, line managers, and the Board of Directors is one • Continuing regular training programs to identify talents for
method of implementing the Elevating Reward Right Program. various positions, such as the Talent Service Program and
This includes activities such as "Martabak for Maybankers," attracting young talents through the Young Maybankers
in which the Board of Directors interacts with employees at Program (YMP).
both the main office and branch locations. The goal of this
activity is to give employees the opportunity to interact directly AWARDS
with the Board of Directors and better understand the bank's Maybank Indonesia was once again honored with several awards
strategy, particularly the M25+ goals. Furthermore, as a token of in 2023 for its achievements in human resource management
appreciation for outstanding contributions and performance that and development. These awards serve as tangible expressions of
align with the TIGER core values and SEARCH Competencies, external recognition, confirming Maybank Indonesia's success in
the Bank presents Best Employee Awards. These awards honor the human resources sector. The awards received are summarised
outstanding achievements and contributions to the community below:
in four categories: Best Manager, Best Executive, Best Non- 1. Best Companies To Work For in Indonesia by HR Asia The
Executive, and Young Maybankers. Media (the only company in Indonesia received it for 8th
consecutive years).
Maybank Indonesia remains committed to implementing the 2. HR Excellence Award by Human Resources Online
most effective employee strategies and programs that promote Gold recognition for:
employee engagement. The Company additionally employs • Best HR Team
an Agile Mindset and Collaborative approach to innovate and • Excellence in HR Communication Strategy
formulate each initiative, encouraging Maybankers to participate • Excellence in HR Innovation
in order to instill a "sense of belonging and customer-oriented" • Excellence in Hybrid Working
mindset in every employees. • Excellence in Total Rewards Strategy;
Silver recognition for:
EMPLOYEE TURNOVER CONTROL • Excellence in Talent Acquisition
Despite successfully navigating the COVID-19 pandemic, the • Excellence in In-House Talent Pipeline Strategy
Bank has managed to keep employee turnover under control in 3. Human Capital on Resilience Award by First Indonesia
2023, with a rate of 6.4% (1.7% lower than the previous year). • The Most Resilience Company
This is evident in the fiercely competitive talent market, both in • Excellence in HC Change Management & Communication
the banking industry and elsewhere. Strategy
• The Best in Workforce Flexibility & Mobility
The efforts made by the Bank to retain and control employee • The Best Labor Relation
turnover include: • The Best Leadership Development Focus on HC (personal
• Placing a strong emphasis on accelerating competitive award)
compensation by aligning employee competencies with job 4. Indonesia Human Resources Award by Warta Ekonomi
requirements (job-person alignment). The Best HR Management for The Outstanding Commitment
• Prioritising tactical referral program campaigns to expedite to Improve Employee Competence and Welfare
the fulfillment of vacant positions. 5. Indonesia Human Capital Award by Economic Review
• Continuously providing various retention programs and • The Best Upskilling & Accelerated Learning Development
benefits for employees, including: • The Best Human Capital Director (personal award)
- Retention strategy through retention programs,
succession planning, and total rewards offerings such as
employee engagement initiatives, continuing scholarship
programs for high-performing/talented employees, well-
being initiatives, and employee benefits (housing loans,
vehicle loans, etc.).
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PLAN AND STRATEGY FOR 2024 2. Readiness for M25+ (Future-Ready)
The development plan for Maybank Indonesia's Human a. Align continuous organisational revitalisation to ensure
Resources in 2024 is outlined as follows: the Bank's readiness for futurisation, encompassing
1. Growth Acceleration for Bank Enhancement workforce futurisation, workplace futurisation, and
Strengthen HR management for the spirit of growth in workstyle futurisation.
optimising employee productivity. b. Develop HR capabilities and readiness for futurisation,
a. Continuously revitalise the organisation to ensure an including accelerating competency development
optimal working model for the Bank's business growth, programs in technology and digital capabilities following
strategically addressing the workforce composition. the M25 Unlimited Potential (M25UP) framework.
b. Strengthen the involvement of Unit Heads, Branch c. Optimise new work patterns to attract, retain, and
Managers, and Line Managers as drivers of productivity, enhance engagement for new-generation talents.
HR management, and operational risk. d. Continue implementing a culture of innovation and
c. Boost productivity by ensuring optimal fulfillment continuous improvement across all lines.
of HR capabilities and capacities, focusing on talent e. Strengthen the digital transformation of HR with a
development in terms of competence, commitment, and customer-centric approach to enhance the employee
contribution. experience.
d. Implement a performance-based reward system and
positive consequence management, supported by 3. HR Sustainability
proactive employee retention efforts amid fierce HR a. Promote sustainability initiatives in Human Capital,
competition. aligning behavior with the Sustainable Development
e. Maximise the impact of hybrid learning methods in HR Goals in the bank's operational activities and daily life.
development to ensure positive outcomes for business b. Ensure the availability and readiness of successors for
growth. critical positions.
f. Drive engagement initiatives to strengthen employees' c. Ensure HR readiness through succession planning and
pride as Maybankers (Proud to be Maybankers) and accelerated development for talents in critical positions
involve Unit Heads, Branch Managers, and Line and their successors to address existing competency
Managers in engagement sessions to enhance team gaps.
synergy and energy. d. Implement knowledge management more extensively.
e. Continue implementing Good Corporate Governance
(GCG) and a culture of compliance, including preventive
actions and mitigations, as part of Maybankers’ way of
life.
f. Ensure the bank's and HR's readiness for the next
Employee Relations milestone.
g. Continue implementing mandatory job rotations.
h. Prioritise the fulfillment of mandatory training and
certification programs as part of the HR competency
standards at Maybank.
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Information
Technology
Maybank Indonesia has consistently led the evolution
of Information Technology (IT) systems to provide dependable,
secure, and user-friendly digital services that meet
the changing needs of customers.
Throughout 2023, Maybank Indonesia has launched a number IT STRATEGIC IT PLAN
of initiatives to accelerate digital advancements, update IT Maybank Indonesia regards technology and systems as critical
infrastructure, strengthen cyber resilience, and cultivate IT components of its competitive capabilities in the face of
talent, all with the goal of providing customers with dependable, changing banking industry dynamics. The Bank's IT vision is
secure, and user-friendly technology services. This aligns to provide high-quality technology services that support the
with Maybank Indonesia's vision of "being a leading financial Bank's business development and add value to customers. This
services provider in Indonesia, supported by fully committed is reflected in the Bank's strategic IT plan, which is built around
and innovative human resources to create value and serve the four pillars: a focus on connectivity, infrastructure modernisation
community." and cyber defense capabilities, the use of business processes
for productivity and efficiency, and workplace environment
Maybank Indonesia recognises the importance of information improvement. The implementation of these four strategic pillars
technology (IT) in enabling the Bank's efficient and competitive requires strengthening Human Resources (HR) in IT, processes,
operational activities. In line with this recognition, Maybank and technology.
Indonesia has consistently led the evolution of IT systems to
provide dependable, secure, and user-friendly digital services
that meet the changing needs of customers. These efforts are
carried out through the development of strategic IT plans that
are aligned with the Bank's Corporate Plan for 2021-2025, which
includes the Digital First Approach, Segment Focus Uplift, Next
Level Customer Experience, Risk and Operation Excellence, Next-
Gen Solution, Open Banking Enabled, Reinvent Workplace, and
Alliance Expansion.
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STRENGTHENING IT HUMAN RESOURCES PROCESS
Adequate and competent IT human resources (HR) are The Bank reviews and updates IT procedures and policies on a
critical factors in the Bank's ability to sustain its digital and regular basis to ensure that the IT unit's working processes are
technological services. To ensure the availability of competent IT up to date and follow appropriate guidelines in accordance with
human resources, the Bank consistently: regulations and industry best practices.
• Improves the internal team's skills and capacity through
planned and continuous technical, non-technical, and Structured and routine socialisation and awareness programs
leadership training. Throughout 2023, the Bank provided for IT procedures and policies are implemented through email,
training to its IT employees, including: e-learning, and online sessions to increase the awareness and
- Training ISO27001-Awareness Refreshment caution principles of the Bank's IT personnel when conducting IT
- Microsoft 365 Administrator development, operations, and security.
- Cyber Security Awareness
- Information Risk Management Assessments of the most recent relevant technological
- Risk and Governance in The Digital World developments are carried out with caution in order to maximise
- ITIL v4.0 Foundation economic benefits to the Bank. The Bank's IT architecture unit
- Design Thinking for Innovation conducts research on banking technology developments and
- IT Agile Leadership regularly disseminates technology standards that serve as a
- Effective Communication Skills reference for IT development in areas such as applications,
- Manager as Coach infrastructure, and security.
- Sustainability Series
- Executive Development Program The Bank consistently implements continuous improvement in
• Enrolling IT employees in certified training programs its IT work processes to ensure that all IT activities are carried
ensures they meet national and international standards. This out with layered controls and cautionary principles.
includes certifications such as CISA (Certified Information
Systems Auditor), CRISC (Certified in Risk and Information To implement good IT governance, the Bank has undertaken the
Systems Control), CEH (Certified Ethical Hacker), ISO 27001, following initiatives:
CompTIA Security+, and IT Governance with COBIT 2019. • IT risk assessment: In order to mitigate risks associated with
• Meets the needs of IT specialists through professional IT operations, the bank consistently identifies, measures,
recruitment, the IT Development Program (ITDP), which monitors, and controls risks effectively, including through
targets young talents with relevant educational backgrounds RCSA (Risk Control Self-Assessment) and KRI (Key Risk
who want to work in banking IT, staff augmentation in Indicator) based on relevant IT risk management policies.
collaboration with third parties, internship programs, and The Bank continuously assesses risks associated with critical
university partnerships. In addition, the IT HR group's IT developments and ensures that all risks are reduced
capacity is used selectively through temporary assignments to an acceptable level. Reporting on IT risks has been
in accordance with applicable regulations. communicated to the Bank's management as a form of risk
monitoring and supervision.
The Bank has also begun to implement agile working practices, • Disaster recovery plan testing: To ensure the continuity of
particularly in specific work areas, in order to foster a culture of banking IT services and operations during disasters, the
innovation and ensure a timely response to system development Bank has a disaster recovery (DR) infrastructure that can
needs. run mission-critical, transactional, and regulatory services
while the main data center's IT system is malfunctioning. The
disaster recovery plan is tested on a regular basis based on
the results of the business impact analysis, which includes all
critical infrastructure and systems, as well as IT users.
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• The Bank successfully obtained the ISO/IEC 27001:2013 b. Modernisation of Technology
Information Security Management Systems certificate To maintain a high level of service to customers, the Bank
in 2023, covering IT Development (design, development, regularly updates its technology infrastructure with the
testing, and maintenance) and Operations for retail goal of increasing capacity, scalability, and flexibility. The
digital channels, branch front-end systems, and customer Bank continues to upgrade its infrastructure, including
onboarding middleware. By obtaining this certificate, rejuvenating:
the Bank is demonstrating that its information security 1. Software infrastructure such as Operating System and
governance adheres to international standards, thereby Database.
increasing customer and stakeholder trust. This enhances the 2. Supporting hardware infrastructure for applications,
Bank's competitiveness and collaboration with other financial including servers, enterprise storage, and network
services providers. devices.
TECHNOLOGY Furthermore, in 2023, the Bank upgraded employee work
Maybank Indonesia believes that technology plays an important tools by replacing over 6,600 notebook and desktop
role in the digitalisation era, supporting the success of business computers and updating their operating systems.
strategies, improving customer experience, and ensuring
customer data security. To realise the value of technology as a To ensure consistent and maximum service to customers, the
competitive advantage, the Bank focuses on three areas: digital Bank initiates the relocation of the Disaster Recovery Center
development and IT systems, technology modernisation, and (DRC) to a location with better facilities supported by Tier-3
cybersecurity. technology. Testing of the Disaster Recovery Plan (DRP) is
continuously conducted with improvements in speed and
a. Digital Development and IT Systems automation in the Switch Over and Switch Back processes
Maybank Indonesia puts emphasis on and supports to ensure that the backup system is always ready to provide
transformation and digital development in all business services as quickly as possible during disasters, especially for
segments and operational areas of the bank through mission-critical, transactional, and regulatory applications.
strategic initiatives such as:
a. Enhancement of features in the M2U application, such c. Cybersecurity
as gold investment, digital credit card application, In response to the evolving challenges of cybersecurity
addition of billers like Shopeepay, Dana, PDAM, PBB DKI, and technological innovations to support business
Smartfren, XL data packages, and 3 data packages. strategies, the Bank is constantly modernising and
b. Improvement of features in the M2E application, improving its cybersecurity defense capabilities. The Bank
including the addition of currencies related to LCS (MYR) has implemented information security devices and tools
in remittance transactions, the development of M2E at endpoints that can capture all anomalous activities,
eOnBoarding to enhance customer experience for both allowing for quick mitigation of any anomalies and improving
new and existing customers in registration and facility cybersecurity. The Bank has successfully implemented a
changes. technology change in user access management with the
c. Development of digital sales tools to increase salesforce highest authorisation, requiring two levels of approval.
productivity. Furthermore, the bank has implemented tools to improve
d. Development related to reporting to regulators and network analysis capabilities and visibility, thereby increasing
other supporting functions, such as PSAK 71, PSAK 73, its ability to identify and protect itself from network security
and Antasena. threats.
e. Development of SIPA (Certificate of Fund Management
Based on ShariahPrinciples Interbank) and SIKA
(Certificate of Commodity Trading Based on
ShariahPrinciples Interbank) instruments.
All of the above development initiatives are carried out
to the fullest extent possible using agile methodology to
expedite the development process and the release of new
features for immediate use by both Bank customers and
internal users.
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The Bank continuously improves the security of application The Bank is constantly identifying customer needs, technological
program code through source code reviews, and it uses advancements, and regulations in order to remain relevant and
Dynamic Assessment Security Tools (DAST) to conduct innovative, ensuring the Bank's future competitiveness. In 2024,
vulnerability assessments while applications are running. digital development will focus on API (BaaS) capability, M2U and
M2E feature enhancements, mobile appraisal development, and
To enhance detection and response capabilities against others.
cybersecurity threats, the Bank collaborates with the
Maybank Group by participating in the 24/7 Regional In 2024, the Bank will continue to modernise its technology
Security Operation Center (RSOC), integrating various to improve the customer experience when using its services,
cyber-threat intelligence sources, and updating Security which include the intellect treasury application, network switch,
Information & Event Management (SIEM) devices. storage, and others.
Continuing from the efforts in 2023, the Bank will continue
to evaluate and refine the effectiveness of parameter settings In terms of cybersecurity, the Bank will continue to innovate
in security devices, including reviewing Secure DNS (Domain and strengthen defense strategies by updating firewalls,
Name System), NAC (Network Access Control), Antivirus, implementing Identity Governance & Administration, a Threat
VDI (Virtual Desktop Infrastructure), Secure Mail Gateway, Vulnerability Management System, and conducting cyber-attack
WAF, and Firewall Rules. simulation programs to validate and improve security control
effectiveness.
IT DEVELOPMENT PLAN FOR 2024 As an essential component of providing technology services, the
The IT development in 2024 is based on the IT strategic plan Bank will continue to improve the development of IT personnel
for 2021-2025, which is consistent with Maybank Indonesia's through technical and non-technical training in IT governance,
corporate plan. To continuously improve its capacity, scalability, infrastructure, IT operations, programming languages, security,
and level of high-service availability to customers, the Bank's and project management. Process refinement is an essential
primary focus is on implementing initiatives to modernise the component that will be implemented consistently, ensuring
core banking, switching, and treasury systems. that the Bank's workflows are up to date and in compliance with
regulations and industry best practices.
Simultaneously, the Bank will continue to implement other
technology initiatives that do not interfere with its top priorities.
This is intended to support the Bank's long-term business growth
strategy, which includes digital development, IT modernisation,
and cybersecurity.
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Marketing and
Networking
Maybank Indonesia strives to implement
effective marketing strategies to remain
competitive in a dynamic market,
thereby supporting the bank's growth
and improving customer satisfaction.
MARKETING
MARKETING STRATEGY 2023 improving customer satisfaction. The Bank is also adaptable to
The year 2023 marks a period of recovery, which will be ongoing changes, employing appropriate strategies to achieve
accompanied by difficult challenges in the banking industry. business goals more effectively.
Overall, banking resilience remains strong, supported by
corporate and household stability, which aligns with corporate Maybank Indonesia also strives to meet the needs of the
performance and improves household income expectations. The community by employing a "microsegmentation" approach
stress-test results from Bank Indonesia show that the banking based on moments and life stages such as Young Professional,
sector remains resilient in the face of a variety of uncertainties. Young Family, Midlifers, and Silver Age Golden Age. This effort
is motivated by the belief that each customer has distinct needs,
On the other hand, Indonesian society is becoming more as well as a commitment to prioritising customer needs and
accustomed to digitising a variety of activities. This ongoing providing solutions for each customer segment.
trend continues to shape the Indonesian population's changing
and diverse needs. The value of digital banking transactions Although conventional media continues to be used, digital
reached Rp58,478.24 trillion in 2023, representing a 13.48% platforms are an important channel for communicating the
increase year on year, and is expected to rise further in the Bank's products and services. This is done to consistently
future. increase market awareness. In addition, Maybank also hosts
the annual Maybank Marathon 2023 in Bali, which contributes
Understanding these dynamics, Maybank Indonesia strives to significantly to the Bank's brand development and customer
implement effective marketing strategies to remain competitive acquisition through cross-functional collaboration.
in a dynamic market, thereby supporting the bank's growth and
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MARKETING PLAN AND STRATEGY 2023 BRANCH NETWORK DEVELOPMENT
In 2023, Maybank Indonesia implemented several strategic
marketing initiatives, as follows: STRATEGY AND INITIATIVES 2023
Maybank Indonesia is committed to continuously strengthening
Maybank Indonesia integrates services through collaboration the distribution network of Branch and Regional Offices in order
among Maybank entities in Indonesia, utilising the Go-To-Market to provide the finest banking services while also supporting the
strategy to provide robust solutions to customers. This is also growth of business communities and the surrounding society.
an effort to highlight Maybank's greatness and credibility in Efforts to optimise the number of branch networks are made
Indonesia by portraying Maybank as a trustworthy entity with by maximising the potential of each office to provide the best
a wide range of solutions for diverse needs across all micro- banking services to customers.
consumer segments.
Following a thorough analysis of various factors, the relocation
The micro-segmentation approach will continue to be of several offices whose performance was subpar was carried out.
implemented as a customer acquisition strategy, with an Moving forward, the relocated offices are expected to improve
emphasis on solutions tailored to the needs of each segment, their performance in terms of maximising business potential.
particularly the Young Professional and Young Family
segments. To increase existing customer engagement, a hyper- In line with its commitment to sustainability programs,
personalisation approach is employed to ensure that the throughout 2023, Maybank Indonesia has replaced some of the
solutions provided align even more closely with the needs and air conditioners in branch offices with inverters and switched to
lifestyles of customers. LED lighting. This program is aimed to be completed by 2025,
aiming to balance economic growth with social sustainability and
Adapting to the rapid developments and demands of digitisation, environmental protection. The main goal is to ensure long-term
digital channels will continue to be utilised in order to maintain prosperity for present and future generations.
Maybank's online presence, while offline activities/activations
will be prioritised through a variety of engaging events that meet In response to current challenges and needs, as well as to
the needs of customers. enhance competitiveness, Maybank Indonesia continues to
transform, refining its digital banking and financial business
towards a better direction. Maybank Indonesia is developing
concepts and innovations as part of the Branch Transformation
Program to enhance overall customer experiences.
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The Bank will also focus on market segmentation by city/
The Bank's transformation of customer experiences encompasses area, strategic location selection, sales strategy, resource and
many aspects of banking services, including operations and productivity, cost efficiency, and operational processes.
customer interactions. Services are based on digital concepts
with features tailored to customer needs, capable of optimising Specifically, Maybank Indonesia will implement Branch
business opportunities while increasing interactions with Optimisation, which will be supported by extensive research
customers and potential customers across all business segments, into the alignment of branch distribution with market potential.
with a focus on providing high-quality customer service. This strategy will also consider the appropriate branch models
to be developed so that each branch can make the greatest
NUMBER OF MAYBANK INDONESIA contribution to the business. Based on the analysis and studies,
BRANCHES Maybank Indonesia will plan the relocation and optimisation
Throughout the year 2023, Maybank Indonesia made several of some branches, taking into account a variety of factors to
changes related to its branch network, including the opening of support the Bank's growth.
1 Syariah Sub-Branch Office (KCPS), the relocation of 1 Syariah
Branch Office (KCS) and 3 Sub-Branch Offices (KCP), as well These initiatives will be supplemented by the development of
as the closure of 8 Sub-Branch Offices (KCP), and 1 Micro Sub- technology and digital capabilities to improve the quality of
Branch Office (KCP Mikro). As of 31 December 2023, Maybank acquisition and customer experience using an agile approach.
Indonesia has 1 Non-Operational Head Office, 10 Regional This concept combines physical and digital interactions to
Offices, 79 Main Branch Offices, and 237 Sub-Branch Offices. deliver satisfactory services. Customers will benefit from a more
modern and sophisticated banking experience in the future, as
Maybank Indonesia is also supported by 22 KCP Mobile units. As this transformation enhances knowledge to maximise the use
for Sharia-based banking services, the Bank has 17 ShariahBranch of all available banking facilities while also serving as a platform
Offices and 3 Shariah Sub-Branch Offices. For banking services for consultation and integrated solutions to meet customers'
outside the country, the bank also has 1 Overseas Branch Office financial needs.
in Mumbai, India.
BRANCH NETWORK EXPANSION PLAN AND
STRATEGY 2023
Maybank Indonesia recognises that the branch network is a
key component to success in addressing future challenges.
In 2024, Maybank Indonesia will continue to adhere to its
previous strategy of limited development/expansion, focusing
on empowering existing branches and improving digital services.
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Operations and
Customer Services
In 2023, the Operations Directorate committed to
strengthening the quality of human resource, playing
an important role in the Bank's ongoing transformation
agenda, and continuously improving customer services to
facilitate business growth.
OPERATIONS Processes and Productivity
1.4. Continuing automation and streamlining of key
operational processes to improve Turn-around-Time
The Operations Directorate has developed operational (TAT) and customer experience through Agile Ways of
development strategies, which outlined in the Operations Working.
Directions 2023. These strategies were categorised into three 1.5. Continuing to increase productivity across units in
pillars with specific focus areas: Operations Directorate, as seen by the productivity
increase in 2023 compared to previous year.
1. Strengthening Business-as-Usual (BAU) 2. Transformation Agenda
Employees and Culture 2.1. Transformation at the Head Office for streamlining
1.1. Emphasis on building a customer-centric culture and and end-to-end loan or financing process automation,
fostering enterprise thinking to strengthen collaboration. leading to improved Service Level Agreement (SLA) and
This has been achieved through a series of customer- customer satisfaction.
centric and enterprise-thinking learning programs, as 2.2. Transformation at Branch Offices to launch more
well as the release of video campaigns and interactive automation features, optimise the front office, middle
online meetings on various examples of service delivery office, back office (FOMOBO) ratio, and determine the
and operations at Head Office and Branch Offices. right branch type.
1.2. Continuing various staff development programs 2.3. Customer Experience Transformation to provide
at various levels, as well as enhancing technical customers with an exceptional experience.
competencies through certifications in trade finance and 3. Enhancing Customer Experience
collateral assessment, and payment system certification 3.1. Continuously striving to improve measured customer
and rupiah currency management (SPPUR). satisfaction through Net Promoter Score (NPS) studies.
1.3. Increasing product knowledge at all customer touch 3.2. Continuously improving Satisfaction, Loyalty, and
points to improve Service Level Agreement (SLA) Engagement (SLE) Index.
through socialisation and training sessions at Branch 3.3. Building consistency as The Best Contact Center in
Offices. Indonesia.
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3.4. Enhancing customer experience through both AWARDS
conventional and digital services achieving recognition As evidence of performance and achievements in 2023, the
as one of the premier banks with The Best Service Operations Directorate received various awards from external
Excellence in Indonesia. sources, both nationwide and globally. These awards include:
1. The 2023 U.S. Dollar Clearing Elite Quality Recognition
Other important aspects of Operations Directions 2023 include: Award for Outstanding Achievement of Best-in-Class MT202
• Strengthening management culture and operational risk STP Rate 100% from J.P. Morgan.
awareness. 2. The 2023 U.S. Dollar Payments Straight through Processing
• Strengthening financial budget management. Excellence Award for Commercial Payments MT 103 STP Rate
• Improving consumer protection. 99.7% from Citi Bank.
3. Best Participant in the BI Payment System (SKNBI and
The Operations Directorate continues the automation process KPDHN) for Bank KBMI 3 and 4 from Bank Indonesia.
through Robotic Process Automation (RPA), with a 50% increase 4. 2nd Rank in Satisfaction, Loyalty, and Engagement (SLE)
in the number of processes shifted to robots compared to 2022. Survey 2024 for Core Capital Bank Group (KBMI) 3 by MRI
and Infobank Magazine, including:
INITIATIVES AND IMPROVEMENTS IN 2023 a. 1st Rank for Marketing Engagement.
Throughout 2023, the Operations Directorate implemented b. 1st Rank for Customer Satisfaction in Security Guard.
a number of initiatives to improve operational efficiency c. 1st Rank for Mobile Banking.
and quality. A total of ninety (90) initiatives are divided into d. 2nd Rank for Customer Satisfaction.
four categories: Productivity Enhancement, Internal Control e. 2nd Rank for Customer Loyalty.
Strengthening, Business Service and Support Enhancement, and f. 2nd Rank for Strong Customer Engagement.
Regulatory Compliance. g. 2nd Rank for Branch Interactivity.
h. 3rd Rank for Customer Satisfaction on Branch Office.
1. Productivity Enhancement i. 3rd Rank for Customer Satisfaction on ATM service.
In the context of Productivity Enhancement, twenty-five (25)
initiatives have been implemented, such as automation on OPERATIONAL DEVELOPMENT STRATEGY
delivery of confirmation letters to Treasury customers and AND PLAN 2024
loan collectability updates automation. The Operations Directorate will commence 2024 with
2. Internal Control Strengthening Operations Directions 2024, an operational development
In terms of Internal Control Strengthening, thirty-two strategy formulated under three (3) pillars, detailed as follows:
(32) initiatives have been executed to strengthen internal
controls within the Operations Directorate, including the 1. Strengthening Business-as-Usual (BAU)
development of a digital Standard Operating Procedure 1.1. Human resource and Community
(SOP) to facilitate branch personnel in understanding • Continuing efforts to develop human resource to
established rules/procedures and a new system for checking shape future leaders with high competence in both
deposit interest transfers to other banks. technical and non-technical skills.
3. Business Service & Support Enhancement • Continuously building a customer-centric mindset to
For Business Service & Support Enhancement, sixteen (16) provide excellent service.
initiatives have been undertaken, such as the launch of a • Participating and contributing to sustainable bank
digital encyclopedia containing comprehensive information growth by giving back to the community for a better
about all products and promotions at Maybank, used by future generation.
frontliners and agents in serving customers. These initiatives 1.2. Agile Operations by adopting agile working methods to
have had a positive impact on the Bank's image in the eyes of respond quickly and flexibly to customer needs without
customers. sacrificing quality.
4. Regulatory Compliance 1.3. Becoming one of the best service providers in serving
In the context of Regulatory Compliance, seventeen (17) customers.
initiatives were carried out in 2023 to ensure compliance
with regulatory requirements, such as redesigning the data
interface system and adding new data entry columns as
requested by regulators.
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2. Transformation Agenda CUSTOMER SERVICES
2.1. Continuing ongoing transformations:
• Transformation in Credit Operations for streamlining Embracing the theme "Passionately Delivering Excellent
and automating end-to-end loan or financing Customer Experience with Customer Centricity" for the year
processing, leading to improved Service Level 2023, the Bank remains committed to providing exceptional and
Agreement (SLA) and customer satisfaction. memorable services to its customers. This aligns with Maybank
• Customer Experience Transformation to provide Indonesia's vision and mission, which focuses on "humanising
customers with an exceptional experience, including financial services."
the transformation of Centralised Customer Care
(CCC) at the Call Center. In accordance with the Bank's 2023 strategy of making customer
2.2. Creating a Center of Excellence through a Centralised centricity a guiding principle in providing excellent service
Operating Model to improve control and productivity. to all customers and stakeholders, it is crucial for the Bank to
continuously promote and enhance the quality of customer
3. Managing Customer Experience service through various trainings, including:
3.1. Voice of Customer as a process of collecting and
analyzing customer feedback (internal and external) 1. I Am Maybank Training: Aimed at building a service
to improve overall service and business performance, culture through fundamental behaviors as Maybankers
measured through: on consistently and sustainably being Proactive, Take
• Increased Net Promoter Score (NPS). Ownership, and Take Accountability. This e-learning training
• Satisfaction, Loyalty, and Engagement (SLE) Index in is mandatory for all staff, and by the end of 2023, more than
the industry. five thousand (5,000) employees have completed the I Am
• Consistency as the Best Contact Center in Indonesia. Maybank e-learning.
• Achieving recognition as one of the premier banks
with The Best Service Excellence in Indonesia. In addition to e-learning, the principles of I Am Maybank
behavior are also socialised through modern and inspiring
Operations Directions 2024, along with the continued adoption approaches, serving as guidelines, so that it can be an
of technology and operational process automation, are expected easy-to-implement guide, especially for frontliners. Various
to support the Bank in achieving its targets and objectives in communication methods, such as comic stories, series
2024. of attitudes through email blasts, and reminders in each
morning briefing material, are used. This communication
material continue to be developed, with the hope that
frontliners will set an example by getting benefits and
providing excellent service to customers consistently and can
also be rolled out to all staff. At least thirty-five (35) forms
of communication have been released in 2023, including
various service education materials dedicated to frontliners
in Branch Offices.
2. Service Standards, Complaint Handling, and Consumer
Protection Training are provided to all staff to offer basic
knowledge of Maybank Indonesia's service standards and
regulations related to customer complaint handling and
customer protection. In 2023, there were twelve (12) general
induction sessions, three (3) Privilege Banking Program
(PBP) sessions, two (2) Management Development Program
SME sessions, two (2) Management Development Program
Mortgage and Talenta Service sessions, and Customer Care
agents, involving more than five hundred (500) staff.
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3. Design Thinking, Manager as Coach, and Agile Mindset ii. Integrating customer interaction tickets through email with
Training are conducted specifically to enhance leadership calls. The goal is to provide a good customer experience
and innovation skills as individual Maybankers in adding when communicating through Maybank Customer Care
value to customers. In 2023, Design Thinking and Manager 1500611 and customercare@maybank.co.id.
as Coach training were attended by more than one hundred iii. Creating MyPedia, a reliable and easy-to-use information
(100) participants. Meanwhile, Agile Mindset training, and knowledge center for all CCC staff to provide good and
conducted through e-learning, were attended by more than accurate service to customers.
one thousand (1,000) staff from various divisions.
Initiatives for CX Transformation in other Centralised Customer
4. WAPERD & WPPE Certification Training is provided to sales Care (CCC) units will continue, and their progress will be
teams in Branch Offices, such as Area Business Managers measured on a regular basis.
(ABMs), Branch/Business Managers (BMs), Premier
Managers (PMs), Relationship Managers (RMs), and Personal As evidence of the Bank's commitment to improving customer
Financial Assistants (PFAs), to continuously equip them engagement and connection through various celebrations and
with knowledge to provide advice on customer financial expressions of gratitude, Maybank Indonesia organised nine (9)
portfolios. This training was conducted gradually in all ten Thematic Days that coincided with various national holidays.
(10) Regions of Maybank Indonesia, involving a total of eight These events aimed to provide added value to customers by
hundred seventy-four (874) staff. creating a distinct atmosphere at the Head Office, Branch
Offices, and Maybank Customer Care.
5. Product and Service Socialisation and Refreshment for
Frontliners are conducted periodically through online Zoom Maybank Indonesia held a series of activities, awards, and
to ensure frontliners always have up-to-date knowledge of appreciations for customers in September 2023, particularly on
products and services. In 2023, seventy (70) socialisation National Customer Day 2023, in recognition of their loyalty and
and refreshment sessions were held through online Zoom, commitment to Bank Maybank Indonesia.
involving staff from Branch Offices, from Regional Directors
to Security Guards. The activities during this special month included courtesy
greetings, environmentally friendly appreciations at all branch
To strengthen the hard and soft skills of Maybank Indonesia's offices, and customer care, including appreciations for business
frontliners, various supporting media are provided as guidelines and corporate customers, delivered directly by the Board of
in delivering customer service tailored to customer needs, Directors and Regional Directors in ten (10) regions spread across
including: the archipelago. Not only that, in the framework of U Account
1. Service Standard Videos: A collection of videos containing 2nd Anniversary, customers could enjoy various promotions and
materials on service procedures as a reference for Customer banking conveniences offered during the National Customer
Service, Tellers, and Security in providing excellent customer Day period, in addition to various promotional programs for
service. credit cards, Maybank QR Pay, Millennial Mortgage, and fee-free
2. E-Playbook: A handy guideline used by frontliners to study remittance transactions.
and master the flow of both financial and non-financial
transaction processes, aiming to enhance customer service In addition to the activities listed above, on National Customer
levels. Day 2023, free medical check-ups and apples were distributed
to customers/visitors at the Thamrin Branch Office, as well as an
In addition to providing training and guidance to staff, in support open online Financial Education Talkshow attended by Maybank
of digital-based services, in 2023, the Bank launched the CX staff and customers.
Transformation initiative for the Centralised Customer Care
(CCC) unit for the period 2023 – 2025. Three (3) initiatives were
implemented in 2023, including:
i. Centralising the provision of e-welcome packs for all new
customers digitally, aimed at providing information and
education to new customers regarding the features and
benefits of their new accounts through email communication.
The Bank hopes that all customers will provide accurate and
up-to-date email data to facilitate communication between
customers and the Bank.
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The overall customer experience is measured for satisfaction through:
a. NPS (Net Promoter Score) Survey, conducted internally by the Bank using an experienced third party. In 2023, Maybank Indonesia
obtained a significantly increased NPS compared to the previous year.
b. Satisfaction, Loyalty, and Engagement (SLE) Survey, conducted independently by a third party in the Banking Industry. In 2023,
Maybank Indonesia achieved a ranking of two (2) in the KBMI 3 category.
With these measurement results, the Bank has the opportunity to:
• Establish benchmarks to continuously improve service quality to provide excellent service to all customers.
• Make immediate improvements to positively impact customer experiences.
• Appreciate customers and stakeholders who have provided feedback for the progress and development of the quality of Bank
products and services
CUSTOMER COMPLAINT MANAGEMENT
The Bank utilises the Consumer Protection Policy and the Customer Complaint Handling Policy as guidelines for dealing with
customer complaints. To manage customer complaints, the Bank established a dedicated department called the Customer Experience
Management Division, which is overseen by the Operations Directorate.
To facilitate customers in submitting complaints, they can do so through:
• Maybank Customer Care 24/7 at the number 1500611 (local access) or +6221 78869811 (access from abroad).
• Customer Care E-mail at customercare@maybank.co.id
• Social Media: Twitter @maybankID, Facebook Maybank, and Instagram @maybankid
• Head Office and Branch Offices throughout Indonesia.
In summary, the bank received 19,495 complaints in 2023 and 92% (ninety-two percent) were resolved within twenty (20) working days
(regulatory provisions) which most of the complaints resolved by maximum in five (5) working days. The timely customer complaint
handling is not inseparable between good complaint handling framework, internal complaint handling SLA, collaboration between the
respective stakeholders and Customer Experience Management and also oversight by Maybank Indonesia’s Senior Management Team.
The data on handling customer complaints in 2023 can be seen in the table below:
Resolved In Process Not Resolved Total
Type of Transaction Complaints Number of
Total % Total % Total % Complaints
ATM and or Debit Card 3,345 100% 7 0% 3,352
Bancassurance 16 100% 0 0% 16
Deposit 1 100% 0 0% 1
Direct Debit 5 100% 0 0% 5
Electronic Banking 9,936 100% 6 0% 9,942
Giro Current Account 1 100% 0 0% 1
Credit Card 4,056 96% 153 4% 4,209
Clearing (Transfer)/Remittance 1,664 100% 0 0% 1,664
Unsecured Credit 21 100% 0 0% 21
Loans/Financing for House/Apartment Ownership 26 100% 0 0% 26
Investment Fund Disbursement (KPR/KPA) 1 100% 0 0% 1
Loan 14 93% 1 7% 15
Mutual Funds 40 100% 0 0% 40
RTGS 2 100% 0 0% 2
Other Payment Systems 90 99% 1 1% 91
Saving Account 108 99% 1 1% 109
Total 19,326 99% 169 1% - - 19,495
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Risk
Management
Risk management strategy continues to be adjusted to the risk
landscape development that has considered material risks as well
as other issues such as cyber risk, climate change, Geopolitical
changes and Artificial Intelligence developments. The rapid
changes in risk characteristics continues to be balanced with the
right strategy and supported by reliable resources and technology
and infrastructure updates to continue to support the acceleration
of business growth and sustainably contribute to national
economic recovery and the development of long-term
financial stability.
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OVERVIEW OF RISK MANAGEMENT IMPLEMENTATION IN BANKING
Maybank Indonesia considers the implementation of comprehensive risk management as an important aspect for the Bank in effectively
managing the various risks. Therefore, the Bank pays great attention to the effective and efficient implementation of risk management in
daily banking operations.
The implementation of good risk management practices is one of the significant factors for the Bank’s success. The implementation
purposes to protect the Bank from losses that may arise resulted from the Bank’s various activities and to maintain the risk level to be
in line with business strategy and growth of the Bank. Therefore, the Bank maintains the balance between risks and benefits in order to
generate sustainable long-term values growth for the shareholders.
The Bank continues to strive to regularly monitoring the risk level, including the overall risk management process carried out based
on the implementation of Good Corporate Governance principles. In managing risk management, corporate governance structure is
required to enhance the four eyes principle and transparency in the risk management process. The Bank also continuously reviews and
refines every policy and procedure that builds the effectiveness of risk management strategies in line with the increasingly complex
business development of the Bank.
Maybank Indonesia implements holistic approach in managing 8 risk categories determined by the Financial Services Authority (FSA),
namely Credit Risk, Market Risk, Liquidity Risk, Operational Risk, Legal Risk, Compliance Risk, Strategic Risk and Reputation Risk, and
also 2 risk categories are related to Sharia, namely Yield Risk and Investment Risk.
RISK MANAGEMENT ACHIEVEMENT IN 2023
Development of applications supporting the Conducting Recovery Plan (RCP) and Liquidity
1
process and analysis of credit Monitoring &
Tracking System, namely in the credit proposal 7 Contingency Plan (LCP) simulations to enhance
the bank's awareness and readiness in facing
module, credit document management module crises.
and pipeline module.
Obtained confirmation of compliance for SWIFT
Updated the Risk Acceptance Criteria (RAC) for
8 Customer Security Programme (CSP) based on
testing from an independent assessor.
2 6 industry sectors to support the sustainability
and mitigate Environmental, Social and
Governance risks.
9 Obtaining ISO 27001 certification for
Information Security Management Systems.
Conducting Enterprise Crisis Simulation
3 Development of 5 new credit risk models and
Exercises (ECSE)/BCP bankwide involving 37
10
validation of 34 models.
Critical Business Function (CBF) units and
representatives from 8 branches at alternate
sites and command centers.
Continued improvement in credit quality post-
4 COVID 19, demonstrated by the improvement of
credit risk parameters such as Non-Performing
Organised Operational Certification attended
by Staff from the Embedded Risk Unit (ERU)
Loans (NPL) and Loan at Risk (LAR).
and Operational Risk & Business Continuity
Digitalisation of credit assessment and decision- 11 (ORCO), conducted annual Operational Risk
Management (ORM) Attestation attended by all
5 making processes for credit cards and SME
credit acquisitions.
Business Operational Risk Coordinators (BORC)
1 and 2, as well as Operational Risk training
attended by ERU and BORC 1, 2, and 3
Implementation of the use of Risk Free Rate Enhancing Cyber Risk awareness through
6 (RFR) based interest rates to replace London
Inter Bank Offered Rate (LIBOR) based interest 12 continuous education for employees regarding
phishing awareness and vigilance against cyber
rates in the Treasury system. attacks.
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MAIN PILLARS OF RISK MANAGEMENT IMPLEMENTATION b. Providing overall risk governance
1. Active Supervision by the Board of Commissioners and Board of Directors and oversight of the risk
The Bank applies the risk governance model purposed to regulate the duties and management framework,
responsibilities division in the risk management process, but at the same time, including monitoring and
also provide independence and separation of duties between the 3 (three) lines of reporting of the Bank’s overall
defence which include the 1st Line, 2nd Line and 3rd Line. risk exposure.
c. Reviewing, analyzing and
evaluating the risk assessment
Maybank Indonesia Three Lines of Defence
and effectiveness of risk
management by Line 1.
Board of Directors, Board Risk Committees & Shariah Supervisory Board
d. Supporting the sustainable and
quality asset growth with optimal
yield through specific credit
management functions such as
External Line of Defence
Executive Level Management -
Risk Management Committee credit evaluation, approval and
monitoring.
1st Line of Defence 2nd Line of Defence 3rd Line of Defence e. Communicating risk strategies
and creating risk awareness
Risk Taken/Owners Risk Control Function Assurance within the organisation.
f. Ensuring compliance with the
applicable laws, regulations,
internal policies, procedures
Day to Day Risks Oversight, Independent and limits (including risk limits).
Management & Control & Assurance & It includes having policies and
Ownership of Risk Challenge 1st line Review procedures in place to detect
and minimise the risk of non-
compliance and to assess the
The Bank has implemented the three lines of defence principle in risk control as a adequacy and effectiveness of
whole. such policies and procedures on
Line 1: an ongoing basis.
a. Having and managing the day-to-day risks inherent in its business and/or
activities, including the risk taking. It includes identifying, assessing, controlling, Line 3:
mitigating, monitoring and reporting its risk exposure and ensuring that it is Providing reasonable assurance
within the established limits in the risk strategy, risk tolerance, risk appetite, and through independent assessment,
risk management framework, policies and procedures. review and validation on the
b. Designing and implementing activities and controls in the end-to-end process. following matters:
c. Reviewing the critical business, owning and being responsible for the a. Framework, policy and
effectiveness of each end-to-end process. risk management tools are
d. Encouraging and facilitating risk management by ensuring effective sufficiently strong and are
implementation and adherence to risk management frameworks, policies, consistent with the applicable
procedures and controls, including monitoring and reporting of risk exposures of regulatory standards.
businesses/functions. b. Control to mitigate risk is
e. Providing clarity to the risk owners regarding risk management practices. sufficient and effective to be
f. Understanding, comprehending and practicing risk management following the applied by Line 1.
Bank’s policies. c. Supervision of Line 1 by Line 2 is
sufficient.
Line 2:
a. Establishing and maintaining risk management framework, policies and
procedures to identify, assess, control, mitigate, monitor and report on specific
risks as the function responsibility, including the Shariah Business Unit.
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Risk Oversight
Committee (ROC)
Risk Information
Information and and Technology Human Human Capital
Board of Management Internal Audit
Technology Oversight Monitoring Capital Disciptinarian
Commissioners Committee Committee
Committee (ITOC) Committee Committee Committee
(RMC)
(ITSC)
Audit
Committee Credit Credit or
(AC) Credit Restructuring Impairment Financing Policy
ALCO Committee Committee Committee Committee
Board of Directors (CRC) (KKP)
Whistleblowing
Governance Committee
Nomination and
Remuneration
Committee (RNC)
Integrated Good Integrated Risk
Corporate Governance Management
Committee Committee (IRMC)
Global Banking Community
(Incl. Overseas Financial Services Operation IT Risk Management
Branch) (Incl. Subsidiaries)
Non Retail Market, Liquidity
Retail Credit Operational SME &
Credit Policy Enterprise Risk & Treasury Credit Risk GB Technology Risk
Portofolio Risk & Business Consumer
& Strategic Risk Management Credit Risk Management Remedial Management
& Policy Continuity Collection
Management Management
1st Line of Defence 2nd Line of Defence 3rd Line of Defence
Maybank
WOM Finance Indonesia
Finance
In order the risks inherent in the Bank to be identified and managed effectively, it is necessary to have appropriate risk management
organisation structure to the size, complexity, capabilities, as well as objectives and internal policies of the Bank.
Board-Level Risk Committees
Risk Oversight Committee (ROC)
The Risk Oversight Committee (ROC) is a Board of Commissioners-level committee that monitors the implementation of
principles and practices for risk management within the Bank’s risk management framework. ROC authorities and responsibilities
include evaluating and reviewing risk management policies and strategies for approval by the Board of Commissioners as well
as providing suggestion/advice to the Board of Commissioners regarding risk monitoring information and responsibilities
implementation.
Audit Committee (AC)
Audit Committee is established by and responsible to the Board of Commissioners in assisting their duties and functions. Audit
Committee is in charge of monitoring and evaluating audit planning and implementation as well as monitoring the follow-up of
audit results in order to assess the adequacy of internal control including the adequate financial reporting process.
Nomination and Remuneration Committee (NRC)
NRC is a Board of Commissioners-level committee that assists the Board of Commissioners in performing supervisory duties and
functions, especially on matters related to remuneration and nomination policies.
Information Technology Oversight Committee (ITOC)
IT Oversight Committee is a committee to assist the Board of Commissioners in fulfilling its oversight responsibilities with respect
to the overall role of technology in executing business strategy of the Company.
Whistleblowing Governance Committee (WBGC)
The Bank has established a Whistleblowing Governance Committee (TKWB)/Whistleblowing Governance Committee (WBGC)
that functions to ensure Whistleblowing reports are followed up with appropriate attention, independence, investigation and
corrective action.
Integrated GCG Committee (IGCG)
It is a committee of the Board of Commissioners of Maybank Indonesia Financial Conglomeration that assists the Board of
Commissioners in performing supervisory duties and functions, such as the adequacy of internal control and the implementation
of integrated functional compliance.
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Management-Level Risk Committees
Risk Management Committee (RMC)
RMC is a Board of Directors-level committee that implements the implementation of Risk Management policies and the overall
risk exposure taken by the Bank individually and on a consolidated basis with the subsidiaries. RMC is also responsible for
evaluating and providing recommendations to the President Director regarding risk management.
Assets & Liabilities Management Committee (ALCO)
ALCO is a Board of Directors-level committee in charge of development, evaluation and implementation, as well as providing
recommendations to the President Director regarding Asset & Liability Management strategy of the Bank.
Credit Committee (CC)
CC is a Board of Directors-level committee that evaluates and takes decisions on loan proposals, Purchase/Sale Marketable
Securities, interbank limits, and post approval monitoring. Furthermore, CC is also responsible for coordinating with ALCO on
credit funding aspects, as well as reviewing limits, internal ratings, and others related to the Bank’s assets.
Credit Restructuring Committee (CRC)
CRC is a Board of Directors-level committee that evaluates and makes decisions on loan restructuring agendas, asset takeover or
transfer plans, asset sales, repossessions, write-offs, collect-offs and other matters related to the rescue and settlement of non-
performing loans.
Information Technology Steering Committee (ITSC)
ITSC is a Board of Directors-level committee providing recommendations on IT-related policies to support the mission
achievement and strategic goals following business policies of the Bank.
Internal Audit Committee (IAC)
This is a committee established to assist the Board of Directors in performing its oversight function. This includes reviewing the
internal control system, the quality of financial statements, and the effectiveness of the internal audit function.
Human Capital Committee
The Human Capital Committee has established with the objective to assist the Board of Directors in providing strategic direction
and making important decisions in accordance with the main needs/key issues in the field of human resources at PT Bank
Maybank Indonesia Tbk.
Human Capital Disciplinarian Committee
Analyse/review the sanctioning plan including deciding the sanctioning of employees who commit violations decided in the
Human Capital (HC) Disciplinarian Committee Meeting.
Credit or Financing Policy Committee (KKP)
KKP is a committee that assists the Board of Directors in formulating policies, overseeing the implementation of policies,
monitoring the development and condition of the credit or financing portfolio and providing suggestions for corrective measures.
Integrated Risk Management Committee
The Committee is responsible for recommending an integrated framework or policy to identify, measure, monitor, manage and
control all significant risk factors to Maybank Indonesia’s Board of Commissioners as the Main Entity for evaluation and approval.
Risk Management Working Unit (RMWU)
Risk Management Work Unit (RMWU) is an independent business work unit that is responsible directly to the Director in charge
of the risk management function. RMWU is in charge of facilitating risk disclosure capabilities and supporting the effectiveness of
the development and implementation of the overall risk management strategy.
2. Adequate Risk Management Policy, Procedure and Limit Setting
Effective Risk Management implementation must be supported by the framework, including Risk Management policies and
procedures as well as clearly defined risk limits in line with the Bank’s vision, mission and business strategy. The Risk Management
policies and procedures is prepared by considering the type, complexity of business activities, risk profile and the risk level to
be taken as well as regulations stipulated by the authority and/or sound banking practices. Also, the implementation of Risk
Management policies and procedures owned by the Bank must be supported by adequate capital and quality human resources.
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A. Policies and Procedures
The Bank designs and implements policies and procedures by considering the characteristics and complexity of business
activities, the risk level to be taken and risk tolerance, risk profile and regulations set by the authority and/or sound banking
practices.
Maybank Indonesia Risk Policy Level Structure consists of the following:
Level 0
Framework
Framework example:
(Risk Management Framework (KKMR),
Level 0 Credit Risk Framework, Market Risk & Liquidity
What we all must do Framework, Operational Risk Management Framework,
Other Risk Management Frameworks)
Level 1 Level 1
What we do at the Bank Level Bank Level Risk Management Policy
Level 2 Level 2
What we do at the Risk Management Policy at the Segmentation of
Segmentation Level Business/Products & Subsidiaries Level
Level 3 Level 3
How do we do it Risk Management Procedure
1. Framework - acting as the policy shield for the Bank’s risk policies (including subsidiaries)
2. Bank-Level Risk Policy - the policy regulating risk management at the bankwide level.
3. Risk Management Policy at Business/Product & Subsidiary Segmentation Level - the policy regulating risk management at
the business/product/activity segmentation level.
4. Bank Risk Management Procedure - is an implementation guideline containing written guidelines that regulate detailed
procedures for risk management at the Bank and Subsidiaries.
The Bank periodically reviews and updates the policies and procedures through the committee/executives in charge to reflect
changes in the market conditions, regulations and business environment.
B. Risk Level to be Taken (Risk Appetite)
Risk Appetite Statements (RAS) is a comprehensive description of the risk appetite of all material risks inherent in the Bank’s
activities. The Risk Appetite Statements (RAS) translate the risk appetite into risk limits and controls to manage risk exposures
arising from the Bank’s business activities.
RAS is the basis for the Bank to apply steps of the Risk Management work program in 2023 so as to be able to minimise and
manage the risk effectively for the long-term returns to the stakeholders according to the risk level taken. Therefore, the RAS is
reflection of risk-taking activities and how to manage them.
Risk appetite aligns the entire stakeholders needs by acting as a risk manager and driver of current and future business
activities. Effective risk appetite can be a strong driving force for the risk culture implementation in the Bank.
3. Adequate Risk Identification, Measurement, Monitoring and Controlling Process as well as Risk Monitoring and Reporting
Risk Management Process and Practice:
IDENTIFICATION MEASUREMENT CONTROL MONITORING REPORTING
New products and • Methodology • Qualitative and • Risk exposures • MIS
business activities • Modeling, quantitative control versus risk control • Reporting to
and initiatives validation, and • Prevention • MIS Management
technical analysis • Recovery plan
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• Risk Identification is carried out by analyzing all sources of risk, which is at least carried out on the products and activities
risks of the Bank and ensuring that the new products and activities risks have passed through appropriate Risk Management
processes prior to being introduced or implemented.
• Risk Measurement is used to measure the Bank risk exposure as the reference for controlling. Risk measurement is required to
be carried out periodically for products and portfolios as well as all business activities of the Bank.
• Risk Control is adjusted to the risk exposure and the risk level to be taken and in line with the risk tolerance. The Bank may take
control using facility of hedging mechanisms, and other risk mitigation methods such as the issuance of guarantees, insurance
strategies, asset securitisation, and credit derivatives as well as additional Bank capital to reduce potential losses.
• Risk Monitoring includes monitoring the magnitude of risk exposure, risk tolerance, internal limit compliance, and the results of
stress testing as well as the consistency of implementing the established policies and procedures.
• Risk Monitoring and Reporting includes management information system (MIS) that is accurate, complete, clear, informative
and timely. Adequate management information system availability is imperative in aggregating, supervising and reporting
risk exposures and reporting expectations to Senior Management and Risk Committees on a regular basis and supporting
compliance with the related policies, limits and regulatory provisions/directives.
3 Level of Risk Management Reporting:
less less
3 BOARD/REGULATORY REPORTING
GRANULARITY
FREQUENCY
2 MANAGEMENT REPORTING
1 OPERATIONAL REPORTING
more more
Reporting Description
Board/Regulatory • Summarising the aggregate risk exposures of the Bank and business.
• Reporting for Regulatory purposes
Management Reflects the risk exposure of the Bank and its subsidiaries.
Operational Detailed reporting on risk exposure, compliance with policies, procedures, etc.
4. Comprehensive Internal Control System
Internal control system in implementing risk management includes the following:
• Suitability among the internal control system with the types and level of risk inherent in the Bank’s business activities.
• Establishment of authority and responsibility for monitoring the compliance with policies, procedures and limits.
• Determination of reporting lines and well-defined segregation of functions from operational work units to work units that
perform the control function.
• Organisational structure that distinctly defines the duties and responsibilities of respective unit and individual.
• Business units are required to submit reports or information periodically on risk exposures managed by the work unit to the Risk
Management Unit.
• Accurate and timely financial and operational activities reporting.
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RISK MANAGEMENT PRACTICE 1. Credit Risk Framework (KKRK)
Risk Management - is the main policy/shield
The risk management process at Bank Maybank Indonesia enables the Bank policy for credit that regulates
Management to identify, measure, monitor and control all risks in running business general policies required to be
activities. implemented Bankwide and as
a foundation for the downline
Management of 8 Main Categories of the Bank Risk and 2 Types of Shariah policies.
Business Unit Risk 2. Credit/Financing Policy by
a) Credit Risk Business Segment, CUS & PDA
Definition: - is a credit policy regulating
Credit risk is the risk due to the failure of other parties in fulfilling obligations Business Segmentation/Cross
to the Bank, including credit risk due to debtor failure, credit concentration risk, Business Unit/Product Program
counterparty credit risk, and settlement risk. and its derivative from the level 1
policy.
In terms of credit risk management, the Bank has credit policy architecture as the 3. Credit Procedures - is an
guideline in order to standardise policies, provisions and procedures at each stage implementation guideline that
of credit process as follows: contains written guidelines
governing in detail regarding
What do we do in credit at Credit Operational Procedures,
the Bank level Credit Risk Framework (KKRK)
Work Guidelines, Program
Product Transactions, including
but not limited to control
Level 2A
Credit/Financing Policy per Business Segment activities in each credit-related
What we do at the Work Unit function.
Segmentation Level
Level 2B
Credit Underwriting Standard (CUS) & Product Development
Assessment (PDA)
How do we do it Level 3
Credit Policy
Credit Process Flow
Non Retail Credit
Target Market Analysis
Credit Initiation
• Industry Limit
Company/Plant Visit Introduction
• Referral, Walk In
Qualitative Analysis Collateral/Guarantee Analysis
Quantitative Analysis • Checking & Investigation: • Collateral Coverage Analysis
• FS Analysis (B/S, I/S) bank, Trade, Market Community • Collateral Valuation (Appraisal)
• Cash Flow Projection Analysis • Macro Economy Analysis • Guarantee Analysis
• Group Exposure Analysis • Insurance Analysis
Credit Proposal Credit Review Credit Approval
Credit Approval
Legal Documentation
• CAC, Loan Ops, Trade Ops
Legal Review on Credit
Offering Letter Agreement & Collateral Security
• Loan Ledger: Withdrawal &/
Repayment
Agreement
• Accrual System
Account Management
• Covenant Monitoring
• Call Program/Report
• Review Date
• Early Warning System
Extention The Facility Y/N Terminate The Facility Remedial
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Non-retail segment includes loans sourced from target markets, which are diverse and complex in nature, thus requiring more
in-depth risk analysis, determination of facility structure and determination of appropriate covenants. Generally, debtors in this
segment are corporate/commercial, Financial Institutions (“FIs”)/Non-Bank Financial Institutions (“NBFIs”) and Sovereigns. Credit
process in this segment begins with analyzing target market based on industry studies by taking into account the industry limits
to manage credit concentration risk in each industry group and also serves as control medium that ensures the funds provision
according to the stipulated target market. Subsequently, credit initiation is carried out followed by credit analysis process that
includes quantitative, qualitative, and collateral/guarantee analysis, which is then followed by review process and decision making
with the four-eyes principle involving business function and review function. On an ongoing basis, account management is carried
out through regular monitoring and review with various supporting tools, so that further follow-up can be carried out immediately
on these accounts.
Retail Credit
Monitoring quality of Credit Underwriting through some parameters such as FID (First
Installment Default), Fraud (New Booking Straight to Write Off), Vintage Analysis, and
Monitoring & Review
applying AQT (Acquisition Quality Trigger) through statistical approach.
• Monitoring & review for credit quality of each Credit Approver.
• Monitoring deviation & deviation review related to credit quality.
• Monitoring rejection rate & top reject reasons.
• Credit Scoring calibration regulary to ensure model accuracy.
• Regular monitoring for KS Value, Population Stability index (PSI), High Score Override,
and quality for Low Score Override.
Incoming Duplicate Survey/ Credit
Pre Screening Data Entry SLIK Checking Credit Scoring Credit Decision
Application Checking Verification Approval
Risk Management Implementation
Applying SLIK Criteria based on risk level
for each product.
Checking for Internal Blacklist, One Obigor
Collectability, Duplicate Reject, Duplicate in
Process, etc.
• Applying Card Rating policy for Carded Segment.
• Applying phone verification & field survey policy.
Credit Scoring is used as part of credit decision
to ensure consistency & credit quality.
Applying delegation limit authority & deviation approval authority in credit decision as
part of Four Eyes Principal.
As shown in the Retail Credit Process chart above, Retail Credit process is systemised by relying on data from Credit Bureau,
SLIK and Scoring Model as well as risk cut offs established based on Portfolio Analytics results. Credit Process is directed towards
automation and increasingly moving to digitalisation to reduce Manual Judgement and potential Human Error in the process. This is
due to the Mass Market and Population Segmentation Assessment nature of Retail Credit Risk Supervision.
Therefore, in handling Retail Credit Risk, we continue to direct the development of data science that we have been doing.
It purposes to sharpen the development of Retail Credit Risk Supervision process which includes the following elements:
1. Population and Segmentation movement Analytics, this method is used for in-depth analysis of the quality movement of each
product and the behaviour profiling of the population segment.
2. Continue Assessment model, to find out whether the current model is applicable or must be recalibrated or re-developed.
3. Product assessment against target market.
4. Effort for Digitalisation with the direction of AI Modelling, and development as a future goal.
5. Improvement on customer experience without sacrificing the predetermined Risk Appetite.
Risk Mitigation Strategy:
Credit risk may arise from various banking functional activities, such as risks arising from lending/financing to debtors/customers, as
well as from treasury activities and investments and trade financing.
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To mitigate the potential impact, the Bank must manage credit risk both at the borrower level and at the portfolio level in all
functional activities of the Bank. In addition to the account monitoring carried out by the Business Units on a daily basis, the Risk
Management Unit also manages credit risk separately, both functionally and organisationally to ensure the integrity of the risk
assessment process.
Through a strong credit culture that includes clear credit policies, thorough credit evaluation and good portfolio management,
the Bank continuously evaluates the credit risk of the portfolio and reviews it with the business units together with the risk
management unit and is actively monitored by management. Furthermore, with the aim of improving credit competencies and
ensuring credit staff’s understanding of the applicable credit policies, the Credit-related Risk Management Work Unit continuously
conducts credit analysis training and socialisation of credit policies, as well as the implementation of e-learning related to credit
policies, both at the head office and branches. The unit also regularly invites industry practitioners as speakers to provide the latest
information on the condition of the industries that the Bank focuses on.
In its objective to provide superior and more effective services, to sustain sound business growth, to generate sustainable profits
whilst upholding the principle of prudence, the Credit-related Credit Risk Management Unit in collaboration with the Business
Units, refines credit/financing policies to ensure better credit risk management, evaluates credit approval authority limits, and
ensures credit underwriting, evaluation, and credit risk mitigation processes are carried out in accordance with these credit policies.
Within the Business Unit, an Embedded Risk Unit (ERU) has been established to strengthen management of the daily risk inherent in
the business and/or its operations. This is conducted by means of effective implementation and compliance with risk management
framework, policies, procedures and controls.
An effective credit approval process has enabled an optimised credit decision process through the delegation of credit approval
authority across branches, regional offices and head office.
The following diagram illustrates the loan approval process from branches to the Loan Officer.
Credit > Rp X billion Credit above RpX billion up to Credit above
Rp Y billion RpY billion
BRANCHES/AREA REGIONAL OFFICE HEAD OFFICE
Credit Application Credit Application
Credit Evaluation Credit Evaluation
Branches/Area No Regional No Credit Committee
Stop
Authority? Authority? Decision
Not
Yes Yes Approved
Recommendation Recommendation
from from Regional
Yes Area Head? Yes Head
No No Approved
Area Credit Regional Credit
Stop Stop
Committee Decision Committee Decision
Not Not
Approved Approved
Approved Approved
DOCUMENTATION, DISBURSEMENT, & OTHER CREDIT ADMINISTRATION PROCESS
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The Credit Risk Management Unit evaluates each credit To optimise the risk control process, the Credit Risk
proposal submitted by business units in a certain number, Management Unit continuously reviews, develops, and
both per debtor and per group of debtors, to ensure improves the systems and tools used as risk monitoring
that all risks have been identified and mitigated. At the tools on an annual basis. As a tool to maximise the process
evaluation stage, the Risk Management Unit also uses the of evaluating, monitoring, and controlling credit risk, a web-
Risk Acceptance Criteria (RAC) which has been designed for based media has been developed called the Monitoring and
several specific industries as an initial filter. Furthermore, the Tracking system (abbreviated as MTREX).
Credit Risk Management Unit provides recommendations
regarding proposal feasibility and if necessary, provides In addition, the Risk Management Unit has also developed
additional conditions/requirements to mitigate any credit the MyMIS application related to the provision of large funds
risk that may arise from the loan. Recommendations for on a daily basis to support the Business Unit in monitoring
credit submissions will be forwarded by the Credit Risk debtor and obligor exposures, so that the Bank can manage
Management Unit to Credit Committee meetings. the provision of funds in accordance with regulatory
requirements.
Credit applications below a certain amount are handled
directly by the business units in accordance with the Credit risk management for the retail segment is also carried
delegation of authority granted. Credit approval authority out through the Loan Origination System (LOS) of each
held by business units is reviewed periodically and evaluated product where the parameters and criteria owned by each
based on criteria that have been recommended by the Credit product are implemented in a system that is managed and
Risk Management Unit and discussed further for approval by regulated by the risk management unit.
the Committee/Authorised Officer.
In addition, the Bank specifically also manages counterparty
In addition to providing credit proposal recommendations, credit risk (CCR), which is a credit risk exposure on
the Credit Risk Management Unit also monitors credit transactions in the Global Market (Treasury) with other
quality for all Bank portfolios by paying attention to early parties, whether related to Pre-Settlement Risk (PSR) and/or
indications of a possible decline in credit quality that may credit risk due to settlement failure (settlement risk).
arise due to changes in market conditions, industry outlook,
macroeconomic and regulatory conditions. The Credit Risk The principle of CCR management begins with the
Management Unit also ensures that the Business Units establishment of effective governance such as the
oversee the quality of the Bank’s credit portfolio through availability of policies as well as detailed job descriptions,
an Early Alert Mechanism (EAM) mechanism, a method of responsibilities and authorities of all stakeholders
early detection of customer conditions through a series (Committees, risk taking units, risk management units
of questions called early alert checklist, which must be and other units involved, including internal audit). Then
assessed by the Business Unit when conducting a business supported by a strong risk management process such as
visit. The outcomes of the business visit are presented identification, risk measurement through the determination
through a web-based media (Call Report System) and can be of PSR and its limits as well as the monitoring and reporting
processed to be followed up by both the Business unit and process of the risk exposure.
the Credit Risk Management unit should there be indications
of a customer’s deteriorating credit quality, and to suggest PSR is the risk where counterparty fails before settlement
needed measures. As an initial measure, Past Due Monitoring and thus terminates the contract prematurely. PSR may
is exercised when a debtor is past due in his obligations so cause the replacement cost risk, which is the potential cost
that measures can be taken as soon as possible. In addition, of replacing a previous transaction, arising from market price
to further improve the credit quality monitoring process, fluctuations and is generally a certain percentage of the
the Credit Risk Management unit has also formed the Asset transaction amount.
Quality Committee which functions to discuss the conditions
of accounts and decide upon action plans to mitigate the The PSR factor is calculated based on the movement or
impact of credit risk. volatility of market price (exchange rates, interest rates) from
historical data one year before by using certain confidence
intervals, and determined for each product or financial
instrument, currency, and transaction period. The magnitude
of a PSR factor will be reviewed periodically or should there
be significant market price movements or changes.
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Settlement Risk is a failed transaction risk settlement carried out on the date of settlement, which is influenced by settlement
arrangements such as exchange time, payment method, role of intermediary and clearing house. The amount of risk is calculated
by the full payment amount on a certain settlement date. Determination of daily settlement limits is used to limit the number of
counterparty’s settlements within one day.
Settlement risk is mitigated through transaction settlement mechanisms such as Good Fund Base, Payment versus Payment (PvP) or
Delivery versus Payment (DvP). In addition, the Bank also develops and oversees collateral or margin limits in derivative transactions
as an effort to mitigate CCR risk.
To measure the level of credit risk, the Bank employs several measuring instruments as below:
• Scorecard: To calculate the approximate default probability of a debtor. The scorecard results are used as a basis for determining
risk categories in credit decision making. Application Scorecard (A-Score) has been implemented in Retail products including
Credit Cards, Personal Loans, Mortgage, Auto 4 Wheelers (Maybank Finance), and SME. Meanwhile, the Behaviour Scorecard
(B-Score) has been implemented in Credit Card and RSME products.
• Internal Borrower Risk Rating (BRR): To determine the debtor’s risk rating and loss expectation for a debtor based on a particular
type of scorecard (Medium Corporate Scorecard, Large Corporate Scorecard, Non-Bank Financial Institution, Contractor,
Property Investor, Real Estate Investor/Developer, Project Finance, etc.), quantitative and qualitative indicators. Internal
Borrower Risk Rating is used as a basis for determining risk categories and is one of the considerations of the Credit Committee
in deciding loans for non-retail credit segmentation, specifically Commercial and Corporate.
• Return on Risk Weighted Asset (RRWA): To calculate the profits generated from business relationships with debtors compared
to risk-weighted assets.
Apart from managing credit risk on debtors, the bank also conducts a portfolio-wide credit risk management process with key stages
of the risk management process and building blocks established to ensure all areas of credit risk are addressed and mitigated at the
portfolio level.
Credit Risk
Management Identification Measurement Control Monit0r Reporting
Process
Portfolio
Building Risk Appetite Model Independent
Credit Policy Monitoring & Stress Testing
Blocks Statement Development Credit Review
Reporting
a. Risk Appetite Statement (RAS)
Risk Appetite Statement (RAS)
RAS is an important component of credit risk management in stating the risk appetite and tolerance level of the Bank for credit
risk.
b. Credit Policy
Credit policies are prepared in managing credit risk as facility to ensure that underwriting standards are in line with the Bank’s
risk appetite and regulatory requirements.
c. Model Development
Credit risk model is developed to ensure consistency in the determination of risk grading of debtors, credit facilities, and
collateral.
d. Portfolio Management and Reporting
Portfolio management is useful in identifying periodic changes in the risk profile of the loan portfolio, as well as in determining
whether the credit risk strategy, policies and models implemented by the Bank are in line with the RAS.
e. Stress Testing
Stress Testing is an analysis conducted under adverse economic scenarios (such as a recession or financial crisis), and is designed
to measure the Bank’s capital adequacy against the effects of economic deterioration.
f. Independent Credit Review
Independent credit review is intended to ensure that the lending process and lending decisions remain consistent with the risk
management strategy of the Bank.
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Success in managing credit risk can Market risk management aims to mitigate the impact of changes in the above market
be achieved by implementing credit variables on the Bank’s financial condition (profitability and/or capitalisation),
lifecycle, starting from offering including setting risk tolerance and limits.
appropriate products, identifying
the right target market, establishing Following the provisions on the implementation of risk management for commercial
prudent risk acceptance criteria, banks and the provisions on the minimum capital requirement for commercial banks,
implementing strong controls in the the Bank clearly separates the trading book from the banking book and establishes
credit initiation and credit approval the criteria for instruments to be designated as trading book and banking book,
process, maintaining a healthy among others, from the intention or purpose of ownership of the instrument. In
credit portfolio, and implementing terms of accounting standards, accounting treatment is determined based on
adequate collection systems and classification using the business model approach as follows:
recovery practices.
Book Business Model Accounting Treatment
b) Market Risk
Banking Hold (Amortised Cost/AC)
Definition:
Hold & Sell a. Measured at Fair Value through Other
Market risk is the risk that the Comprehensive Income/FVOCI, or
fair value or future cash flows of a b. Measured at Fair Value through Profit or
Loss/FVTPL*.
financial instrument will fluctuate
due to changes in market variables, Trading Trading FVTPL
such as: interest rates, exchange Note:
* Only allowed for financial instruments that failed the SPPI (Solely Payment of Principal and
rates, equity prices and commodity Interest) assessment
prices. Market risk is inherent in all
bank portfolios, including positions
on the Trading Book and Banking In general, the governance related to the trading book and banking book can be seen
Book, both on balance sheets and in the following figure:
administrative accounts.
Financing /Accounting Term Period &
Business Activity Capital
Definition of trading book instrument Activities Intention
is any instrument, both financial
instrument or exchange rate Trading Book
- Property Trading
FVTPL
- MtM - Short Term Pillar 1 Risiko -
- Corporate Sales - P&L - Actively Traded MRCC
instrument, held by the Bank for one
or more of the following purposes - Loans & Deposits
- Assets & FVOCI
when first booked: Liabilities
- Book Value
Medium to
Pillar 2 Risk
Banking Book - Accrual - IRRBB &
Other Long Tem
Short-term sale and purchase; - Investments &
- Equity Reserve Liquidity Risk
AC
b. Taking advantage of short-term Reserve
price movements;
c. Locking in arbitrage profits; and/
or Market Risk Management Concept:
d. Hedging risks arising from As the guideline in risk management, the Bank set out basic concepts of market risk
instruments that meet the management principles, as illustrated below:
criteria of short-term buying
and selling, taking advantage of ARKET RISK M
O FM AN
short-term price movements and
L ES A
G
locking in arbitrage profits.
P
EM
CI
IN
Identification
EN
CE
PR
T
There are also no legal obstructions
SUP
VERNAN
Report Measurement
to sell or conduct hedging the overall Market Risk
ERVISIO
Management
above instruments. Process
GO
N
While the definition of banking book Monitor Control
PR
T
is all other positions that are not
EN
IN
EM
included in the trading book. PL
CI
ES AG
OF
MAR M AN
KET RISK
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The principle of risk management starts with describing the governance structure and the roles and responsibilities of all
committees, risk taking unit, such as Global Markets and Corporate Treasury, other units involved, risk management units, and
internal audit units.
Market, Liquidity & Treasury Credit Risk Management (MLTCRM) is an independent work unit appointed to fulfil the Bank’s market
risk management function to support the functions and responsibilities of the Assets and Liabilities Committee (ALCO) and Risk
Management Committee (RMC).
On an ongoing and periodic basis, MLTCRM establishes and/or reviews each market risk management policy and procedure,
measurement methodology and limits or restrictions in market risk management which are always adjusted to the size and
complexity of the bank, the latest market risk management practices, and related regulations.
Meanwhile, the market risk management process is generally described as follows:
1 Identification 2 Measurement 3 Control 4 Monitor 5 Reporting
Product features Metode Alerts if any Separation of duties Daily report,
or characteristics, pengukuran yang news and market and responsibility monthly report,
measurement digunakan untuk movement, position responsibility, ad-hoc report,
tools, controls, mengkuantifikasi monitoring based on policy & procedure, escalation report.
and required risiko, seperti Net control which set. determination.
Open Position (NOP), Stop Loss, triggers,
infrastructure.
PV01, Value at Risk limits included
(VaR), Profit & Loss, empowerment and
Earning at Risk (EaR), approval authority
Economic Value and escalation
of Equity (EVE), exceeding limits.
stress testing, dan
sebagainya.
The Bank also validates the market risk measurement model which includes quantitative and qualitative aspects by an independent
internal party towards the work unit that applies and develops the model or the risk-taking unit. If necessary, validation is carried
out or completed with the results of a review conducted by an external party who has technical competence and expertise in
developing a Risk measurement model.
Market Risk Management Strategy in Trading Book:
In managing market risk in the Trading Book, MLTCRM is responsible for developing and implementing policies, methodologies for
measuring, monitoring and reporting risk exposures to the approved limits.
The Bank adopts several measurement techniques to accurately quantify market risk exposures in the Trading Book, such as, Value
at Risk (VaR), Present Value of a basis point (PV01), Greeks (such as Delta, Gamma, and Vega), Stop Loss Limit, Foreign Exchange Net
Open Position (FX NOP), Stress Test, Back Testing, Jump to Default (JDT) and Credit Spread of a base point (CS01), which are briefly
described in the sections below.
VaR is defined as the maximum potential loss arising from normal market movements in the level of trust and the period of taking
certain positions based on the sensitivity or volatility of each instrument/portfolio variable and also the diversification effect that
reduces the risk position in the portfolio. VaR as a method of measuring risk has several limitations, including (but not limited to):
• VaR uses historical data to forecast future price movements. While future market movements can be far different from past
movements.
• Furthermore, the use of the method for taking a position in 1 (one) day assumes that the overall position in the portfolio can
be liquidated and hedged in 1 (one) day. In times of liquidity difficulties or specific market events, this assumption is likely to be
incorrect.
• In addition, the use of a confidence level of a certain percentage indicates that VaR does not include losses that exceed the
confidence level.
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The following is the result of VaR measurement for the 2023 period ending on 31 December 2023 (in full Rupiah):
29 December 2023 (Unaudited) (in Rupiah)
Exchange Rate Interest Rate
Average 4,588,803,946 6,577,328,203
Highest 35,151,978,983 18,323,704,885
Lowest 234,749,741 2,282,762,911
Per end of period 2,020,290,068 6,215,853,854
In addition to VaR, the Bank uses PV01 to measure losses Credit spread of a basis point risk (CS01) represents the
from an instrument or collection of portfolios when interest change in value of a financial instrument caused by a 1
rates change by 1 (one) basis point. PV01 acts as a measure of basis point change in its credit spread. Credit spread is
sensitivity of the portfolio towards changes in interest rates. the difference between the yield of a risk-free financial
While measuring the sensitivity of market risk to option instrument and a riskier financial instrument for the same
values due to changes in underlying parameters the risk is maturity period.
represented through Greeks. Furthermore, the Bank also sets
a Stop Loss Limit to limit financial losses that can occur on Market Risk Management Strategy in Banking Book:
each portfolio on the Trading Book. In addition to the adequacy of policies, procedures and risk
limits determination in the Banking Book, the Bank also
FX NOP is a mechanism for measuring the total of positions, utilises hedging related to risk management in the Banking
or permissible ownership, of a foreign exchange currency Book by using financial instruments, such as derivative
carried out to mitigate exchange rate risk. financial instruments, which have been approved by ALCO
and in accordance with the prevailing regulations and are
Stress tests are used in monitoring market risks in extreme used only to reduce risk in the Banking Book and are not
market conditions. Because VaR generally does not produce used as a source to generate profit/income.
potential losses stemming from extreme market movements,
the Bank uses stress test scenarios to monitor market risks The management of market risk in the Banking Book
originating from these extreme conditions. The stress test position is mainly focused on managing the risk of market
scenario is based on historical data and future projections interest rates changes by using a repricing gap analysis. In
that are used as hypothetical extreme events. this analysis, assets, liabilities, and administrative account
positions that are sensitive to interest rates are distributed in
The Bank also conducts back testing as the validation a certain time period based on the reprice adjustment period
technique of the VaR model effectiveness which is currently or based on the remaining maturity to produce net repricing
practiced globally. Despite the VaR model estimates gap for that time period.
potential future loss outcomes, the calculations are based
on historical market data. In back testing, the actual From the net repricing gap profile, we can measure the effect
hypothetical loss/profit results in a day are compared with of changes in interest rates on net interest income (earnings
the VaR in a day so that it can be seen how well the VaR perspective), by using the analysis of Earning at Risk (EaR),
model predicts future losses. and on the economic value (economic perspective) of all
balance sheet cash flows by using the Economic Value of
Jump to Default (JTD) risk implies that a financial product, Equity (EVE) analysis.
whose value is directly dependent on the credit quality of
one or more entities, may experience sudden price changes
due to an unexpected default of one of these entities.
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By knowing the impact of changes in interest rates on the Bank’s performance, both all is determined to ensure that
in terms of income and capital, the Bank can immediately restructure its assets and interest rate risk of the Banking Book
liabilities, in terms of the repricing date or type of interest rates (fixed or floating) to position is managed carefully and in
be adjusted due to the projected changes in interest rate in the future, so that the accordance with the pre-determined
risks that arise can be mitigated. risk appetite.
The management of interest rate risk, from the perspective of net interest income The Bank has also validated
and economic value, is carried out by measuring the sensitivity of assets and the behavior model used in the
liabilities, and the position of the Bank’s administrative financial accounts against measurement of interest rate
various scenarios of interest rate changes. There are several approaches or scenarios risk in the Banking Book such as
for interest rate changes used by the Bank, namely the internal approach based on repricing behavior on Non-Maturity
interest rate volatility and a 100-basis point change in all yield curves and a regulator Deposit (NMD) products, in this
standard approach based on 6 scenarios of interest rate changes. case current accounts and savings
and conditional prepayment rate
The Bank also conducts an outlier test in the IRRBB calculation process for capital (CPR) models of loans, especially for
adequacy assessment by comparing the maximum ΔEVE value at the end of the motor vehicle loans and mortgage
reporting quarter based on 6 scenarios of changes in interest rates with core capital loans (KPR). Validation is carried
(Tier 1) at the position at the end of the reporting quarter. out by internal parties who are
independent of the work unit that
In addition, the Bank also conducts stress tests to see the resilience or sensitivity of applies and develops the model
the Bank in facing abnormal market conditions. or risk-taking unit. In the event of
necessary, validation is carried out
or equipped with the results of a
review conducted by external parties
Group Repricing Gap (“GAP”) Bank who have competence and technical
Approach Approach
In Accordance - Static/ expertise in the development of risk
Sensitivity Analysis (“PV01”)
with Group Dynamic measurement models.
Terms Balance
Sheet
Earnings-at-Risk (”EaR”) - Interest Rate The ALM system to measure
shock based
on volatility and manage interest rate risk in
Economic Value of Equity (“IEV”) Banking Book positions has been
or
Impact on Economic Value (“IEV”) implemented so that more complex
Economic Value at Risk (“EVaR”) additional methodologies such as
dynamic simulations can be done
automatically.
Regulator Approach
In Accordance with Regulator Terms
Regarding the management of
Asset Liabilities Yield Analysis interest rate risk of securities
portfolios, the Bank has policies,
Bank Approach Group Approach procedures, methodologies and
- Position - PV01 monitoring procedures carried out on
- Mark to Market - Year to Date Loss
(MtM) - Minimum Holding a daily basis. The risk management
- Decrease in Period process is carried out by setting
corporate bond
prices various types of limits, such as the
- Maximum number position limits for the Fair Value
of sales/month for
FVOCI (AFS) portfolio through Other Comprehensive
Income/FVOCI and Amortised Cost/
AC limit PV01, the limit on the
For interest rate risk control and mitigation in the Banking Book, the Bank decrease in corporate bond prices,
has established controls both quantitatively through setting limits including the limit of losses to the revaluation
empowerment and authority in the approval and escalation of exceedances/triggers; process (mark to market) and the
and qualitatively through management strategies, transfer of risk through the FTP loss limit (year to data/YTD loss) for
instrument and hedging strategy. The limits stipulated in managing interest rate risk FVOCI portfolio.
on the banking book is Earning at Risk (EaR) and Economic Value of Equity (EVE),
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As a foreign exchange bank, the Bank has and implements policies and procedures as well as restrictions for managing the risk of the
Bank’s overall exchange rate.
c) Liquidity Risk
Definition:
Liquidity risk might occur if the Bank is unable to fulfill its financial obligations to customers or counterparties in a timely manner
with reasonable costs or the inability of the Bank to develop its assets. To manage this liquidity risk, a strategic and systematic risk
management process is necessary, which is the responsibility of all parties in the Bank so that the business continues and grows, and
always strives to ensure that any current and future liquidity and funding needs can be met both in normal market conditions and
crisis conditions.
As a guideline in managing liquidity risk, the Bank sets out the basic concepts of risk management, as illustrated below:
GOVERNANCE: MANAGEMENT, COMMITTEE, POLICY, PROCEDURE
OPERATIONAL TOOLS CONTROL
Cash Management Early Warning Limit & Optimalisation
REGULATOR and Primary Indicator of Liquidit
PERSPECTIVE Reserve
Daily Liquidity Liquidity Ratios Stress Test
Operations
INTERNAL
PERSPECTIVE Secondary Reserve LCP & Recovery Plan
Liquidity Gap
Management (RCP)
INFRASTRUCTURE: DATA, TECHNOLOGY, HUMAN CAPITAL
Liquidity risk management is carried out by covering two perspectives: the regulator perspective and internal perspective. The
regulator perspective applies the concept and standard liquidity parameters set by the regulator so that the Bank is required to fulfill
these provisions. While the internal perspective is the concept of risk management along with parameters that are set internally
and adjusted to the complexity, risk appetite, and conditions of the Bank, which are basically more conservative than those of the
regulator perspective.
Liquidity risk management begins with outlining the governance structure and the roles and responsibilities of all committees, risk
taking units such as Global Market (Treasury) and other units involved, risk management units, compliance units and internal audit
units.
In regard to the risk management unit, MLTCRM performs the function of the Bank’s liquidity risk management independently to
support the functions and responsibilities of the Assets and Liabilities Committee (ALCO) and Risk Management Committee (RMC).
On an ongoing and periodic basis, MLTCRM evaluates and updates each liquidity risk management policy and procedure,
methodology or measurement, as well as limit/threshold/trigger determination in liquidity management which is always adjusted to
the size and complexity of the bank, the latest market risk management practices and related regulations.
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Liquidity Risk Management Strategy: LCR is an assessment of short-term liquidity resilience by
In managing liquidity risk, MLTCRM work unit is responsible measuring the adequacy of High-Quality Liquid Assets
for implementing policies, methodologies for measuring, (HQLA) in order to endure in a crisis scenario within 30 days.
monitoring and reporting on liquidity risk exposures and also LCR is calculated by comparing HQLA and the total net cash
for monitoring compliance with guidelines to support the outflow for the next 30 days.
functions of Assets and Liabilities Committee (ALCO) and
Risk Management Committee (RMC). NSFR is an assessment of long-term resilience which assesses
the availability of medium-term and long-term funds as
Continuous measures have been taken to manage liquidity stable funding to support illiquid assets and sustainable
risk. On the asset side, a policy on the purchase of financial business activities. The NSFR is calculated by comparing
instruments has been established, which also includes Available Stable Funding (ASF) with Required Stable Funding
criteria or types of assets that can be purchased, especially and sustainable (RSF).
highly liquid assets, both for trading and for investment.
Meanwhile, on the liabilities side, analysis of types, products, Interbank Taking and FX Swap funding measures the Bank’s
sources of liabilities and maturities is always carried out dependence on interbank loans (wholesale borrowing) and
consistently so that liquidity can be maintained at all times. foreign exchange swap markets, which are determined based
on loan capacity and swaps through the interbank money
The Bank’s liquidity management is carried out centrally market. OCF measures the maximum cumulative net cash
by Global Markets and Corporate Treasury in collaboration flow difference at certain time periods arising from balance
with other business/supporting units, such as credit sheet and administrative accounts. The Bank determines
business, funding, operations, information technology, OCF limits based on potential funding needs for a certain
corporate communications and risk management. Thus, the period of time and the maximum funding capacity that can
need/availability of funding arising from the Bank’s daily be obtained from the interbank money market.
operational activities can be managed properly to maximise
the Bank’s performance. Also, with good cooperation The concentration of depositors (ratio of the 50 largest
between work units, liquidity risk triggered by other risk depositors) is used to measure the extent of dependence on
events (credit risk, market risk, operational risk, legal risk, core depositors to ensure diversification of obligations. The
compliance risk, reputation risk and strategic risk) can be ratio is calculated by comparing the total funding of the 50
detected and mitigated correctly and in a timely manner. largest depositors with total third-party funds.
Moreover, the Bank has also determined and implemented Secondary Reserve is defined as the ratio of the number
measurements of liquidity risk both quantitatively and of secondary reserves to total third party funds, including
qualitatively. Quantitative measurements are performed by demand deposits, savings, time deposits, and Negotiable
means of liquidity restrictions provisions such as Liquidity Certificate Deposit/NCD. The purpose of this ratio is to
Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), ensure that the Bank has adequate liquidity in event the Bank
Operating Cash Flow (OCF), Interbank Taking, Foreign does not have sufficient funds to meet unexpected liquidity
Exchange (FX) swap funding, Secondary Reserve, 50 largest needs stemming from the withdrawal of customer funds.
depositors stress testing, liquidity gap as well as other
liquidity ratios which all aim to manage liquidity risk within The Bank validates the model used in measuring liquidity risk
the established risk appetite. Whereas qualitative control which includes quantitative and qualitative aspects by an
is carried out through the establishment and testing of the independent internal party from the work unit that applies
emergency Liquidity Contingency Plan (LCP) and active and develops the model or risk-taking unit. If necessary,
liquidity management. validation is carried out or completed with the results of a
review conducted by an external party who has technical
competence and expertise in developing a Risk measurement
model.
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In strengthening the implementation of liquidity risk management, the Bank has determined and regularly tested the LCP to ensure
the Bank readiness in dealing with liquidity crises, including overseeing various Early Warning Indicators (EWIs) conducted on a daily
basis.
In general, the process is described in the following diagram:
No
Analysis by MLTCRM Potentially
1 Monitoring Internal EW1 2 and related units 3 Crisis?
Yes
No
Potential to Alert ALCO and/or
6 Worsen? 5 Analysis 4 Task Force?
Yes
Report to ALCO Yes Execute Call Tree to
7 Chairman & the initial 8 Activate LCP 9 gather FCC & FCC
strategy (preliminary) Support
No
No
14 LCP Deactivate 10 Managing the Crisis
Yes
Liquidity condition
13 improved?
Post Deactivation
15 Evaluation RCP Indicator
11 Triggered?
No
Yes
END Recovery Plan or RCP
12 Policy
Active liquidity management is carried out to ensure that the Bank has adequate liquidity, both in normal and crisis conditions, such
as conducting intra-day liquidity management, maintaining relationships with counterparties and ensuring Bank capacity and access
to markets, maintaining high quality liquid assets (High Quality Liquid Assets/HQLA), supervising administrative account activities,
maintaining varied and stable funding sources (core deposits), ensuring compliance with regulators, and monitoring e-channel
activities.
Moreover, several other strategic measures have been taken to mitigate liquidity risk and funding, including restructuring the source
and term of funding through the issuance of bonds and subordinated bonds.
Apart from ensuring the Bank’s liquidity resilience, liquidity management is also carried out in line with the Bank’s business plan
with the purpose of achieving profitability levels based on the predetermined targets. Excessive liquidity levels will cause the
Bank to bear greater liquidity costs and may reduce profits, and conversely, tight liquidity levels may cause the Bank to be unable
to fulfill its agreed financial obligations in a timely manner and/or fulfill these obligations at a higher cost. For this reason, the
Bank determines targets or ranges for certain liquidity ratios, such as LCR and NSFR, internally with optimal levels that meet the
minimum requirements of the Regulator, and conducts regular analysis of liquidity conditions and profitability.
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d) Operational Risk
Definition:
Operational risk is potential of loss due to insufficiency or failure of internal In line with the implementation of
processes, people and systems, or caused by external factors. The Bank has Operational Risk RWA reporting
implemented the management of operational risk, such as procedures that can with Standardised Approach in 2023,
systematically identify the causes of failure in the day-to-day operations of an the Bank has issued procedures as a
organisation, assessing the risk of losses and taking appropriate actions to minimise guideline in preparing the report.
the possibility of such losses.
On an ongoing basis, the Bank
continues to make efforts to
strengthen and improve operational
Risk
Strategy
control processes, especially in the
context of mitigating operational
Governance risks including by continuing
Model to improve the quality and
completeness of work policies and
Reporting procedures in the field with adequate
process flow and control, organising
Definitions Linkage &
Loss Risk Assessment training for Bank personnel
Structures
Data
through the classroom training and
BUILDING BLOCKS
Key Risk Indications Capital Modeling
e-learning to continuously improve
Mitigations
staff understanding and ability in
managing operational risk, as well
Information Technology as optimising the implementation
of operational risk work tools in
their respective work areas. As part
Program Peningkatan Kesadaran dan Pembelajaran yang Terstruktur
of operational risk management,
Business Continuity Management
Structured Awareness & Learning has also been prepared and reviewed
continuously to build the resilience
and capability of the Bank in terms
Risk Mitigation Strategy: of operational recovery in the event
In running financial business, the Bank is required to have effective operational of a disruption in critical functions
risk management. Banking is required to continue to grow, but on the other hand, in accordance with predetermined
current various challenges are increasingly complex, such as the increasingly tolerance limits so that it can still
fierce competition in the industry, advances in science and technology, changes in provide appropriate services to
regulations and best practices at the national and international levels, protection of customers. Crisis management
shareholder interests, and of course various operational loss events that occur in the simulations and their recovery
banking industry both in Indonesia and in the world. are carried out periodically to test
the Bank’s readiness in handling
In response to current challenges and operational risks that may arise, the Bank, possible crises and provide input
while taking into account the vision and growth of the business, has developed and to improve the effectiveness of
implemented an Operational Risk Management Policy supported by adequate and their implementation. The Bank
consistent procedures. The Bank also implements Operational Risk Management periodically carries out the BCP
tools based on an integrated Information Technology (IT) system, to enable effective training in the form of disaster/
and efficient identification, documentation, monitoring and mitigation of operational incident response simulations
risks. conducted jointly by CBF
Headquarters, referred to as the
In addition to external factors above, changes in human behaviour, organisational Enterprise Crisis Simulation Exercise
structures, processes and systems can be a factor in escalating the nature and (ECSE). The implementation of this
level of operational risk. Consequently, continuous assessment, active roles and simulation consists of various types
collaboration between work units, and monitoring risks and effectiveness of dynamic of incident/disaster scenarios, one of
internal controls are effective in achieving successful risk management. To facilitate which is the cyber risk scenario. For
this process, the Bank continues to develop and refine the main operational risk tools CBF Branch Offices conducting BCP
as part of the development of effective operational risk management. training independently. In addition,
the Bank has reviewed and updated
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the Business Continuity Management (BCM) procedure, 2. The Bank also provides a comprehensive Disaster
which includes the addition of Cyber Attack risk in Risk Recovery Plan (DRP) and Business Continuity Plan (BCP)
Assessment documents and training related to Cyber Attack against cyber risk.
as one of the BCP training scenarios.
New Product Management
The Bank also continuously strives to strengthen the control Every new product and product development resulting in
process in mitigating cyber risk by: the increasing operational risk exposure will be discussed
1. Preparing human capital, technology and measures or in the Product Working Group (PWG) which consists of
control procedures needed for effective mitigation which representatives from various work units such as Compliance,
include: Risk Management, Legal, Finance & Accounting, etc., who
- Providing Cyber Risk Management Policies, including together with the work unit that issued the new product
policies, strategies, and procedures to mitigate Cyber assess the risks that may arise and prepare mitigation
Security in accordance with technology standards measures to be submitted to and approved by the Risk
based on the best practices, formulate the provisions Management Committee.
of security that must be met by third parties, third
parties will conform to the Cyber Risk Assessment, as In order to comply with regulatory requirements, the bank
well as the cooperation agreement on the security of updated its product launch procedures to be more detailed
Bank’s confidential data. and comprehensive.
- Establishing a team responsible for handling cyber
threats and ensuring that there is a training program Anti Fraud & Whistle Blowing:
so that employee skills are adequate to carry out As part of efforts to protect customers and other
cyber risk management. stakeholders, the Bank has established the Anti-Fraud Unit
- Organising periodic training and awareness on as a unit that carries out the function of implementing
cyber security assessments at least once a year to anti fraud strategies. The Bank applies the Zero Tolerance
employees. The training subjects on Awareness principle to fraud, where it is very clear that the organisation
include the latest cyber risks should be avoided. does not tolerate fraud and will implement stringent penalty.
Meanwhile, awareness program for customers is
educative information as can be found on webpage In addition, the campaign on anti-fraud and training is
maybank.co.id containing subjects related to data constantly carried out to bolster the Bank’s employee
and transaction security through e-banking as well as vigilance on any possible fraud. The Bank has also established
an explanation about the electronic banking frauds a Whistleblowing Governance Committee (WBGC), whose
that frequently happen. task is to review and assess the adequacy of policies and
- Conducting cyber risk assessment, vulnerability procedures related to whistleblowing, evaluate follow-up on
assessment, security risk assessment on a regular whistleblowing reports and review whistleblowing indicators.
basis to ensure the adequacy and effectiveness of the
Cyber Risk management in MBI. The application of Anti-Fraud Strategy and the
- Conducting threat intelligence program by implementation of the Whistle Blowing policy jointly
continuous monitoring of hacking and malware will support the Bank’s overall risk management system
activities that befall globally and to subvert cyber to ultimately assist in the achievement of organisational
security threats and vulnerabilities from trusted goals and protect the interests of customers and other
external sources. stakeholders.
- Monitoring the sources of cyber threats and devise
countermeasures.
- Conducting regular security assessments such as
penetration testing and vulnerability assessment
either on infrastructure or application.
- Conducting a phishing email simulation to raise
awareness of cyber risks and determine employees’
level of understanding of phishing emails.
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e) Reputation Risk 6. Preparing a monthly report of news coverage on the
Definition: Bank (both positive and negative), as a form of analysis
Reputation risk is the risk associated with a decrease in the and to measure the Bank’s reputation risk mitigation
level of stakeholders trust arising from negative perceptions performance. In addition, news data is also used as a
of the Bank. This risk arises when the Bank’s reputation is reputation risk report to the regulators in Indonesia and
affected by one or more events that have a negative impact for the interest of Maybank Group.
on the Bank’s reputation arising from negative publicity
regarding the Bank’s business activities, which can reduce f) Legal Risk
public confidence in the Bank. Definition:
Legal risk is the potential of lawsuits and/or weaknesses
Risk Mitigation Strategy: in juridical aspects. The weakness of the juridical aspect is
Reputation risk is maintained by managing all risks that caused, by, among other factors, the absence of supporting
have the potential to affect the Bank’s reputation through legislation or weaknesses in the engagement, such as the
good corporate governance and an effective reputation risk failure to fulfill the legal requirements for contracts and
management process. flawed document construction.
Reputation risk management is carried out by the Bank, Legal risks can also arise from changes in the applicable
among others, through the following steps: legal and statutory provisions, as well as the implementation
1. Actively monitoring news in the mass media (print, of court decisions that can cause losses to the Bank. As a
online, television and radio newspapers) related to the company that is bounded by the legal jurisdiction of the
Bank and the financial industry such as information on Republic of Indonesia, the Bank must always comply with
the Bank’s activities and the banking industry including all Indonesian legal regulations including those issued
market developments, regulations, products/services, by relevant regulators, including the Financial Services
etc., which may affect the perception of the public and Authority and Bank Indonesia.
the Bank’s customers;
2. Preparing a written response to the media, if there is In addition, the Bank must also follow all applicable laws and
negative coverage of the Bank, as an effort to balance or regulations in the community, both those which are directly
neutralise negative coverage through facts owned and/or and indirectly related to the Bank’s business activities. Failure
known by the Bank; of the Bank to comply with applicable legal regulations
3. Delivering information through press releases as can result in lawsuits directed to the Bank. If lawsuits filed
fact-based reporting material in the mass media and against the Bank have a material value, it could have a direct
not limited to social and digital media containing impact on the Bank’s financial performance.
education to the public regarding a product, program
and/or service of the Bank. This is an effort to provide Risk Mitigation Strategy:
understanding, create information transparency and To mitigate legal risks that might arise due to lawsuits or
minimise misunderstandings; juridical weaknesses, the Bank established a Corporate Legal
4. Periodically, the Corporate & Brand Communications & Litigation work unit. The Corporate Legal & Litigation unit
Unit provides the latest information on the Bank’s has the following roles:
products and services to the mass media to increase 1). Conducting legal analysis of new products and activities
awareness, brand and corporate image of the Bank; as well as creating standard legal documents related to
5. Related to customer complaints that enter through news these products and activities;
in the mass media against a product, program or service 2) Providing legal analysis/advice to the Board of Directors,
of the Bank, followed up by the Customer Experience all work units and employees at every level of the
Management Unit in accordance with the specified organisation;
deadline (SLA). Furthermore, the Corporate & Brand 3) Providing advice on legal exposures due to the changes
Communications Unit will assist in providing written in provisions or regulations;
responses to the media that reported the customer 4) Examining all agreements under preparation between
complaint according to the handling carried out by the the Bank and third parties;
Customer Experience Management Unit; 5) Conducting periodic examination on agreements that are
binding;
6) Monitoring legal risks at the Bank’s branches.
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With the existence of the Corporate Legal & Litigation work h) Strategic Risk
unit, legal policies and legal document standards related Definition:
to banking products or facilities offered by the Bank to the Strategic risk is the risk resulting from making inappropriate
public, where the legal policies and legal document standards strategic decisions, failure to anticipate changes in the
are made by referring to the provisions of applicable laws and business environment, inability to implement a strategic
regulations as well as taking into account the interests of the decision, or a combination of these. This risk also includes
juridical aspects of the Bank. the Bank’s ability to create a competitive advantage in the
midst of increasingly intense banking competition. Inability
In addition, one of the functions of the Corporate Legal & to face these business challenges, which continue to change
Litigation work unit is to handle any legal issues related to from time to time, will result in failure to achieve the vision
litigation so that legal risks that may arise can be minimised that has been determined.
to a minimum. Legal risk management is carried out by
monitoring the development of legal cases that occur and Risk Mitigation Strategy:
taking lessons learned from these cases. The handling of The Bank formulates risk mitigation for strategic
legal cases carried out at the Bank always takes into account initiatives and service development plans by considering
the potential losses both for amicable settlement of cases or competitiveness and competitive advantage factors, market
through court channels. The Bank also pays special attention conditions, regulations as well as business environment. The
to legal cases that have the potential to cause significant implementation of the Bank’s strategic programs is carried
losses. out with oversight and governance to facilitate acceleration,
risk mitigation and escalation needs and directive in strategic
g) Compliance Risk decision making. The Bank also continues to evaluate the
Definition: long-term strategic plan that has been prepared, by looking
Compliance risk is the risk due to the Bank does not comply at developments that occur as well as market conditions
with and/or does not implement applicable laws and after the pandemic, competition and current performance of
regulations as well as provisions. the Bank.
Risk Mitigation Strategy: As restrictions on community activities and mobilisation
The Compliance Unit continues to review, provide an advice, are eased, the Bank is actively conducting customer visits to
review, and ensure that all Bank policies and procedures obtain feedback on banking and transactional needs, as well
meet applicable regulatory requirements. The Compliance as becoming a strategic partner to provide solutions for each
Unit routinely conducts Compliance Plan Self Assessment customer’s needs.
(CPSA) every 6 (six) months to measure the compliance
level of all Branch Office work units, as well as conducting To support the achievement of business goals and long-
compliance Testing to Branch Offices/Work units. As part term objectives, the Bank has conducted various strategic
of the implementation of the Anti-Money Laundering initiatives during 2023 in accordance with the 5 Strategic
and Terrorism Financing Prevention (APU PPT) program, Thrusts, namely:
a Financial Crime and Compliance (FCC) Work Unit has 1. Increasing customer focus
been established to manage the risk of money laundering, The Bank has provided personalised and customised
terrorism financing and sanctions, through 5 pillars of APU solutions to meet the evolving needs and preferences of
PPT program implementation, namely Active Supervision of our diverse client base
the Board of Directors and Board of Commissioners, Policies • In Global Banking, the Bank has welcomed a
and Procedures, Internal Control, Management Information number of new corporate clients, ranging from local
Systems, Human Resources and Training. Beyond the AML- companies to multinational corporations.
CTF program, the Bank through the FCC Unit has also • In Non-Retail CFS, the Bank has refined its approach
implemented anti-bribery and corruption program to protect to SME customer segmentation, enhancing the
the customers and other stakeholders, by continuing to Bank's ability to customise product offerings and
increase employee awareness in mitigating the risk of bribery solutions to effectively meet the unique needs of the
and corruption with reference to applicable policies and SME segment.
procedures. • In Retail CFS, the Bank has launched various
programs for premier, privilege, and mass banking
segments, and increased automotive financing which
is on the rise nationwide.
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2. Accelerate Digitalisation and Technology Modernisation i) Rate of Return Risk
The Bank has continued feature development on digital Rate of Return Risk is the risk due to changes in the rate of
banking and technology innovation, and upgraded our return paid by the Bank to customers, due to changes in the
digital platforms and infrastructure to provide secure, level of returns received by the Bank from channeling funds,
efficient, and user-friendly services. which can affect the behavior of the Bank’s third-party fund
• The Bank has launched government bond products, customers.
website updates, and new payment options on M2U.
• The Bank has launched Local Currency Settlement Changes in expectations of the level of returns paid by
feature in M2E. Shariah Banks to customers can affect the behavior of
• The Bank has automated several operational the Bank’s third-party fund customers and can trigger the
processes, including the loan disbursement process, transfer of customer funds from the Bank to other banks.
with Robotic Process Automation (RPA) technology.
3. Growing regionally as 1-Maybank Changes in expectations can be caused by internal factors
The Bank strengthened Maybank's position outside such as a decrease in the value of the Bank’s assets and/or
Malaysia, with increased collaboration between entities external factors such as an increase in the return offered by
in Indonesia, including MAM, MSID and Etiqa. other banks.
• Collaboration with MAM, MSID and Etiqa entities
is done through the launch of new products and Rate of Return Risk Mitigation Strategy
services such as RDN opening and VA payments. MBI UUS always maintains the rate of return risk by
• Ongoing collaboration with Maybank group is also competitively managing the rate of return level paid to
conducted for cross-border lending in selected customers against other Shariah banks, which is to manage
industrial companies. MBI UUS cash revenue through the income smoothing
4. Driving Leadership in Sustainability Agenda method where if profit sharing has decreased at the end of
With a commitment to drive the sustainability agenda, the month, then funds are added from the income reserve
the Bank has set a new standard in responsible banking (in accordance with the Fatwa DSN-MUI No. 87/DSN-MUI/
and making positive contributions to the environment XII/2021 concerning the Income Smoothing Method of Third-
and society. Party Funds).
• The Bank has launched the first social lending
program with a leading ultra-micro enterprise in j) Investment Risk
Indonesia Investment Risk (Equity Investment Risk) is the risk due to
• The Bank has launched sustainability initiatives that the Bank’s share in the loss of customers’ businesses financed
have a high impact on the environment, such as tree in profit-sharing based financing using both the net revenue
planting, and MSME events sharing method and the profit and loss sharing method.
5. Achieving Global Leadership in Islamic Banking
In pursuit of its aspiration to become a leader in Islamic In the case of Shariah financing using the net profit and
banking, the Bank has developed and offered innovative loss sharing method, the principal amount of financing
financial solutions that comply with Shariah principles. provided by the Bank to customers will not be recovered if
• The Bank also launched new innovative products the customer’s business goes bankrupt. Meanwhile, financing
such as Shariah Wealth Management (SWM) and uses the net revenue sharing method, the profit sharing is
Kafalah Koolpay to expand Sharia-based services to calculated from the income after deducting the capital.
retail and non-retail customers.
• The Bank also launched new innovative products Investment Risk Mitigation Strategy:
such as Shariah Wealth Management (SWM) and In general, to manage the 10 types of risk in Shariah banking
Kafalah Koolpay to expand Sharia-based services to (BUS/UUS) mentioned above, the Bank continuously
retail and non-retail customers. improves, updates and periodically enhances the policies,
procedures and implementation of risk management to
ensure the conformity with the development of the Bank’s
business and change in the business environment as well as
compliance with the applicable regulations.
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MBI UUS applies the net profit & loss sharing method in the Comprehensive, integrated and effective implementation of risk
Bank’s profit-sharing scheme, where all the Bank’s revenue, management by subsidiaries has the aim to:
both operating and non-operating income, is used in the 1. Support business implementation in accordance with the
profit-sharing calculation. Company’s targets and objectives.
2. Assisting the managements by providing information that
In its efforts to mitigate the risk due to losses in the profit- can be used to make informed, risk-based decisions.
sharing financing provided to customers, the Bank in 3. Assisting in determining adequate reserves to anticipate
managing its business profit sharing can perform At tanazul measurable risk.
‘an al haq on the revenue of its part if the Realisation of 4. Avoiding potential sizeable losses.
Profit Sharing exceeds the Revenue Sharing level offered/ 5. Identifying and maximising the existing business
the Banks’s expected level of the profit sharing. The Bank’s opportunities.
right for the released profit sharing is given to the Customer
as an incentive for the Customer that has contribute a rate The Bank also encourages business synergy and Risk
of return that matches/exceeds the Bank’s expectation Management alignment in order to refine and strengthen the
by considering the ratio of Profit-Sharing Realisation to implementation of risk management within its subsidiaries by
Profit Sharing Projection above 80% accumulated since the implementing the following:
distribution of profit-sharing financing is given to customer. • Implementation of Risk-Based Pricing and improvement in
operational risk monitoring.
RISK MANAGEMENT IN SUBSIDIARIES • Development of a Scorecard model for subsidiaries.
The Bank has two subsidiaries which are engaged in financing • Policy Alignment from the credit process and Risk Appetite
four-wheeled vehicles (PT Maybank Indonesia Finance) so that all subsidiaries have an integrated credit policy with
and financing two-wheeled vehicles (PT Wahana Ottomitra the parent company and the Maybank Group as a whole.
Multiartha Tbk). • Automation Data Connection from Maybank Finance in order
to improve the quality of risk analysis for subsidiaries.
• Continuously carrying out the Zero Fraud Tolerance
The application of Risk Management in its subsidiaries has been Campaign and Enterprise Risk Management implementation.
in place since the Company’s inception and continues to be
refined along with business expansion. The application of Risk In carrying out daily business activities, the Bank’s subsidiaries
Management is based on the directives of the Board of Directors are also confronted with several risks such as:
under the supervision of the Board of Commissioners and the
Bank as the holding company. This aims to ensure effective and Credit Risk
adequate accomplishments as well as in accordance with the Credit risk arises when customers financed by a subsidiary
Company’s traits, complexity and risk profile. experience difficulty in conducting payment according to the
agreed payment schedule.
To ensure that the implementation and supervision of Risk
Management are conducted in a sustainable manner, there are The success in managing credit risk can be achieved by
several steps undertaken by the subsidiaries, such as: implementing a credit cycle, ranging from offering appropriate
1. Active supervision by the Boards of Commissioners and products, identifying the right target market, establishing
Board of Directors. meticulous risk acceptance criteria, authorising strong controls
2. Establishment of Risk Management Divisions. in credit initiation and credit approval, maintaining a healthy
3. Determination and continuous development of clear and loan portfolio, and implementing an appropriate billing and
comprehensive risk management policies and procedures. recovery system.
4. Strict supervision so that identification, measurement,
monitoring and risk control are carried out continuously in In addition to the credit cycle procedures mentioned above,
accordance with business growth. subsidiaries must instill the importance of discipline in
5. Creating and developing a risk management information monitoring and evaluating the performance and quality of
system. portfolios. Portfolio performance is monitored prudently by
6. Conducting a comprehensive internal control system. means of leading, coincident and lagging indicators that enable
subsidiaries to identify risks early and take appropriate and
timely measures.
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Operational Risk The rapid development of information followed by rampant
Operational risk is the risk of loss due to insufficiency or failure misuse of data has had the Bank intensify awareness on
of internal process, human and system or caused by external information security, both electronic and non-electronic
factors. Operational Risk Management is a discipline that can information. To support this matter, the Bank has updated the
systematically identify the causes of failure in the day-to-day Information Risk Management Procedure as an information
operational activities of an organisation, assess the risk of losses security standard and one of the paramount assets for the Bank.
and take appropriate actions to minimise the impact of these The Bank likewise applies several programs to disseminate
losses. information on risk management in the form of posters, email
publications, e-learning, and “Premises Sweep” by conducting
The subsidiaries apply operational risk management by work space inspections to ensure the safekeeping of Bank
complying with Operational Risk Policies and Procedures as confidential information.
determined and implemented at the Head Office, while still
adhering to the regulatory provisions. The Head Office likewise HUMAN CAPITAL & IT INFRASTRUCTURE
has a role in monitoring the implementation of risk management Human Capital (HC) availability in professional risk management
in subsidiaries. and the latest and adequate information technology
infrastructure are two important factors that also measure the
Other Risks success of the functions and duties of the Risk Management Unit.
Apart from these two risks, the subsidiaries are also exposed to
other risks such as: Strategic Risk, Market Risk, Liquidity Risk, One of the emerging risks that has become a serious concern
Compliance Risk, Reputation Risk, and Legal Risk. All these of management is the increasing risk of Cyber crime which is
inherent risks are managed by the subsidiary's management closely related to the increasingly widespread use of the internet
with the support of the Bank's risk management unit to ensure and provides opportunities for perpetrators to commit cyber
alignment with the Bank and Regulators. crimes as well as technological advances that continue to grow
in meeting market needs that almost every activity requires
RISK CULTURE CAMPAIGN Information technology support.
Risk management process will be optimal if each individual in
the organisation enthusiastically participates in identifying, Specifically in dealing with Cybercrime, IT management has
managing and monitoring risk consistently. established security technology systems to be able to identify,
prevent and monitor risk of cybercrime. In addition, the
Therefore, the Bank carries out various comprehensive programs management forewarns all stakeholders both employees and
to strengthen the Risk Culture within the Bank’s organisation customers on the threat of cyber crime on an on-going basis.
by establishing the key values: “ACTION” (Alert, Committed, The Bank has conducted socialisation on these threats via e-mail
Transparent, Integrity, Objective, & Noble); and “AWARE & publications and e-learning, increasing the awareness on cyber
CARE”, namely be AWARE of the risks of every action, as well attacks, including ways to prevent and deal with cyber attacks
as being CARE or having concern and always trying to carry to all employees. In addition, the Bank also carried out several
out mitigation of these risks to protect the bank from potential initiatives such as:
losses that could occur. The Bank also has a motto “Risk is • Periodic Email phishing exercise simulation
Everybody’s Responsibility” means that risk management is a • Adding alerts to every email received from external parties
collective effort of all work units and all Bank personnel.
In mitigating cyber risk, IT management works closely with third
The risk culture campaign program is carried out by utilising a parties that provide cyber attack prevention system services.
variety of media, such as: videos, posters, web portals, e-mails, In addition, the Bank also conducts Cyber Risk Assessment
newsletters, internal Bank articles, desktop wallpapers, as on outsourcing service providers that handle high-risk Bank
well as training at the head office and branch offices. To better data, updates Data Loss Prevention governance, and conducts
understand operational risk, employees can learn through and reviews penetration and vulnerability assessment results
MADAM ORIS (Let's Explore Operational Risk) which is sent regularly. In addition, the Bank has obtained international-based
via email to improve employee understanding of Operational Information Security Management certification, namely ISO
Risk Management. The Bank also organises a number of award 27001 in 2023.
programs related to risk culture, namely: "SuperBanker Story"
which gives appreciation to employees who have implemented
operational risk management well in their area.
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RISK PROFILE In conjunction with the ICAAP process
In accordance with the provisions contained within the Financial Services Authority and in line with the recommendations
Circular Letter (SEOJK) No. 34/SEOJK.03/2016 and the Financial Services Authority of the Basel Committee on Banking
Regulation (POJK) No. 18/POJK.03/2016 concerning Implementation of Risk Supervision (BCBS), throughout 2023,
Management for Commercial Banks and Regulation of the Financial Services Authority the Bank has conducted a number of
(POJK) No. 38/POJK.03/2017 concerning the Implementation of Consolidated Risk Stress Tests aimed at measuring the
Management for Banks Conducting Control of Subsidiaries, the Bank prepares the risk Bank’s resilience under various stress
profile assessment to be reported to the regulator every quarter. scenario conditions.
Individual Bank Risk Profile as of December 31, 2023 (self-assessment) In 2023, scenarios that have been used in
Assessment as of December 31, 2023 bankwide stress tests include:
Risk Profile • Ad-hoc stress test (sensitivity
Risk Level
Inherent Risk KPMR analysis),
Rating
• Bottom Up Stress Test OJK, and
Credit Risk 3 2 2
• Group Stress Test 31 and 32.
Market Risk 2 2 2
Liquidity Risk 2 2 2 BASEL III IMPLEMENTATION
Operational Risk 2 2 2 In conjunction with the implementation
Legal Risk 1 2 1 of Basel III which took effect from January
Reputation Risk 1 2 1 1, 2016, the Financial Services Authority
(OJK) has issued provisions concerning
Strategic Risk 2 2 2
the Minimum Capital Adequacy for
Compliance Risk 2 2 2
Commercial Banks (Financial Services
Composite Risk 2 2 2 Authority Regulation number 11/
POJK.03/2016), where banks are required
INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS to form additional capital as a buffer.
(ICAAP) The additional capital mentioned above
As a guideline for the implementation of ICAAP, the Bank has an ICAAP policy that is is in the form of (i) Capital Conservation
aligned with the Financial Services Authority Regulation (POJK) regarding the Minimum Buffer, (ii) Countercyclical Buffer; and/
Capital Adequacy Requirement (CAR) of Commercial Banks and Maybank Group or (iii) Capital Surcharge for Systemically
provisions. The alignment is intended so that the internal ICAAP policy is in accordance Important Bank (SIB).
with the latest regulations so that all risks can be identified, measured and reported.
Reporting of Commercial Bank Minimum Capital Adequacy according to Risk Profile is The obligation to form a Capital
reported on a semesterly basis to the Financial Services Authority (OJK). Meanwhile, the Conservation Buffer applies to Banks
ICAAP reporting to Maybank Group is reported quarterly. classified as Commercial Bank Business
Activities (BUKU) 3 and BUKU 4.
BUKU grouping refers to the Financial
Capital
D-SIB Services Authority Regulation number
6/POJK.03/2016 concerning "Business
Countercyclical Activities and Office Network Based
Capital Buffer
on Bank Tier 1 Capital". In accordance
Capital with POJK 12/POJK.03/2021 concerning
Conservation
Buffer Commercial Banks, the grouping of Banks
Regulatory
PILLAR 2 Capital based on Tier 1 Capital (KBMI), Maybank
RWA Requirement Indonesia falls into the KBMI 3 category
where the core capital (Tier 1) currently
CAR Based on owned is in the range of Rp14 trillion to
PILLAR 1 Risk Profile
Rp70 trillion.
RWA
On 28 December 2015, Bank Indonesia
also issued PBI Number 17/22/
PBI/2015 concerning Obligation to
In line with the provisions of Maybank Group, the Bank has an ICAAP Procedure that Establish Countercyclical Buffer,
explains the technical ICAAP mechanism. In terms of updating material risks that are where the amount of Countercyclical
carried out periodically (if needed), the Bank conducts a Material Risk Assessment Buffer is set in the range of at least
Process (MRAP) survey to identify material risks that will be taken into account in the 0% - 2.5% of RWA. The obligation to
ICAAP calculation.
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establish a Countercyclical Buffer in accordance with the latest In an effort to fulfill Basel III liquidity’s obligations, the Bank
announcement of macroprudential instruments on the Bank has implemented the Liquidity Coverage Ratio (LCR) reporting
Indonesia website dated 19 November 2020 is 0%. The amount system SO that the LCR calculation and reporting procedure,
of the Countercyclical Buffer will be evaluated at least once every both individually and consolidated, can be carried out
six months to determine whether adjustments to the buffer are automatically on a daily basis.
required.
the Bank has implemented the system and reported Credit Risk
The obligation to establish Capital Surcharge for Domestic RWA using the Standardised approach based on Basel III effective
Systematically Important Bank (D-SIB) refers to the Financial January 2023 position reported in February 2023 reporting.
Services Authority Regulation number 2/POJK.03/2018 regarding Meanwhile, the calculation of Operational Risk RWA using the
Systemic Bank Determination and Capital Surcharge. Standardised approach based on Basel III Reforms in accordance
with SEOJK No. 6/SEOJK 03/2020 began to be applied for the
The Financial Services Authority determines Systemic Banks calculation of December 2022 position reported in January 2023.
and Capital Surcharges based on Financial Services Authority
Regulation No. 2/POJK.03/2018 concerning Determination Recovery Plan
of Systemic Banks and Capital Surcharges. In determining a Maybank Indonesia is one of the leading private banks in
Systemic Bank, indicators such as Bank size, linkages with the Indonesia and is part of the Malayan Banking Berhad (Maybank)
financial system, and the complexity of the Bank’s business group, one of the largest financial service providers in ASEAN.
activities are used. Banks designated as Systemic Banks are Maybank Indonesia is one of the banks in Indonesia appointed
required to establish a Capital Surcharge. The Financial Services by the Financial Services Authority (OJK) as a Systemically
Authority determines Capital Surcharge in 5 buckets and the Important Bank. Based on POJK No. 14/POJK.03/2017 concerning
amount of Capital Surcharge in each bucket is determined: 1.0% Recovery Plans for Systemically Important Bank, Maybank
(bucket 1); 1.5% (buckets 2); 2.0% (buckets 3); 2.5% (buckets of Indonesia is required to prepare and submit a Recovery Plan to
4); and 3.5% (bucket 5) of Risk Weighted Assets (RWA). Capital the OJK.
Surcharge must be met by using primary core capital (Common
Equity Tier 1–CET1). The Recovery Plan is designed to identify credible options
in order to recover from a crisis that has bearing on financial
In the event that the Bank has a systemic importance score that strength, liquidity position, capital position, operational
cannot be classified in the 1 (One) to 4 (four) bucket groups, the capability and reputation should the Bank encounters a crisis.
OJK stipulates: This Recovery Plan aims to ascertain the following matters:
a. Grouping the Systemic Banks into group (bucket) 5 (five) a) Reviewing and documenting the credible and specific
b. Forming 1 (one) group (bucket) above group (bucket) 5 (five) recovery options that will be available to Maybank Indonesia
to deal with various crisis situations;
The OJK has informed that Bank Maybank Indonesia is b) Recovery options that can be rapidly and effectively
designated as a Systematically Important Bank (SIB) in Bucket 1. deployed; and
c) Providing required business, organisational and structural
The obligation to establish a Capital Surcharge for D-SIB applies information and analysis, for regulators and key stakeholders.
to the Banks that are determined to have a systemic impact. The
determination of a Bank with systemic impact is carried out by The Recovery Plan presents an overview of financial-related
the competent regulator where the amount may be greater than crises, ranging from mild to severe, includes coordinating current
the range stipulated in this provision. crisis management plans, such as the Liquidity Contingency Plan
(LCP) and the Capital Contingency Plan (CCP) which focus on
With regards to Basel III liquidity, the OJK has also issued the mild and severe stress levels, while the Recovery Plan focuses on
provisions relating to the Obligation to Fulfill Liquidity Coverage extreme stress levels.
Ratio for Commercial Banks through POJK No. 42/POJK.03/2015
and also POJK No. 50/POJK.03/2017 concerning Obligation to In the Recovery Plan, there are several trigger indicators and
Fulfill the Ratio Net Stable Funding Ratio for Commercial Banks. recovery rates in severe crisis conditions, where potential risks
In accordance with the POJK provisions, the Bank is required are actively monitored to facilitate recovery plans. Recovery Plan
to maintain adequate liquidity and stable funding through indicators such as Capital Adequacy Ratio (CAR) & CET 1 ratio for
measurement ratios, namely LCR and NSFR, and report these capital, Minimum Primary Reserve in Rupiah Liquidity Coverage
ratios to the regulators in accordance with the provisions of Ratio (LCR), Net Stable Funding Ratio (NSFR) for liquidity, Return
POJK.
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on Assets (ROA), Return on Equity (ROE), Operating Expenses on Operating Income (BOPO) for profitability, while for assets quality the
indicators are Gross Non-Performing Loan (NPL) & Net Non-Performing Loan (NPL).
The preparation of the Recovery Plan was carried out by both Bank Maybank Indonesia and Maybank Group as Controlling Shareholder.
Business as Recovery Resolution
usual Phase Phase
Stress event
Stress events (market or idiosyncratic) cause a
decline in the financial position of the Bank
BAU Recovery Actions Resolution Actions
activity Bank remains in control Resolution authority in control
MAYBANK INDONESIA INTEGRATED FINANCIAL CONGLOMERATION
The Bank has actively carried out the integrated risk-based supervisory function on the Financial Conglomerate, as the regulator has
stipulated in the Financial Services Authority Regulation (POJK) No. 17/POJK.03/2014 concerning the Implementation of Integrated Risk
Management for Financial Conglomerates.
Structure of Maybank Financial Institution Ownership in Indonesia
Amanah Raya Trustees Citigroup Nominees (Tempatan)
Permodalan Nasional Investor Institusi &
Berhad (B/O: Amanah Sdn Bhd (B/O: Employees
Berhad Ritel Lainnya
Saham Bumiputera) Provident Fund Board)
30.12% 12.71% 6.76% 50.41%
Malayan Banking Berhad
45.02% Sorak Financial Holdings Pte Ltd
33.96% Maybank Offshore Corporate 100% 100% Maybank Asset Management
Service (Labuan) Sdn Bhd Group Berhad
8.73% 100%
Vital Solution Fund
Maybank Asset Management
Sdn Berhad
12.29% 99%
Public
Asset Management
PT Maybank Asset Management Indonesia
100% Maybank IB Holdings Sdn Bhd
PT Bank Maybank Indonesia Tbk
100% 100%
99.99% 67.49% Etiqa International Holdings Maybank IBG Holding Limited (d/h
Sdn Bhd Maybank Kim Eng Holdings Ltd
PT Maybank PT Wahana
79.87% 85%
Indonesia Ottomitra
Finance Multiartha Tbk PT Asuransi Etiqa Internasional PT Maybank Sekuritas
Indonesia Indonesia*
*) d/h PT Maybank Kim Eng Sekuritas Indonesia
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Main Entity
Malayan Banking Berhad or Maybank as the controlling shareholder appointed Bank Maybank Indonesia as the Main Entity based on the
largest asset criteria supported by the best Risk Management process in the conglomerate.
PT Bank Maybank Indonesia Tbk (MBI)
6 1 • Banking
• Retail Banking, Business Banking, and Global Banking
PT Asuransi
Etiqa PT Maybank Indonesia Finance (MIF)
5
Internasional
Indonesia
(AEII)
2 2 • Financing Company
• Financing of new amd used 4-wheeled vehicle
PT Maybank Maybank
PT Wahana Ottomitra Multiartha Tbk (WOM)
3
Sekuritas Indonesia
Indonesia Finance (MIF) • Financing Company
1 • Financing of new amd used 2-wheeled vehicle
(MSI)
Bank
PT Maybank Asset Management (MAM)
Maybank
Indonesia 4 • Investment Manager
• Mutual Funds and Discretionary Funds
4 (MBI) 3
PT Maybank Sekuritas Indonesia (MSI)
Maybank Asset
Management
Wahana
Ottomitra
5 • Brokers and Security Underwriters
• Advisory, IPO, and Equity Trading
(MAM) Multiartha
(WOM) PT Asuransi Etiqa Internasional Indonesia (AEII)
6 • Insurance Company
• Property and Motor Vehicle Insurance and other products
Collaboration and Synergy between Entities
Collaboration and synergy between entities has been carried out as a commitment in providing the best services to customers.
MBI
AEII MIF
Synergy
and
Collaboration
MSI WOM
MAM
The quality of business collaboration will be further enhanced, including the Risk Management, Compliance and Audit components, to
become the best financial conglomerate in Indonesia through One Maybank Go To Market initiative.
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Progress of Integrated Risk Management Implementation Malayan Banking Berhad or Maybank
The Bank periodically evaluates the integrated risk profile to be reported to the regulator as the Controlling Shareholder (PSP)
every semester, covering all Financial Institutions that are members of the Maybank appointed PT. Bank Maybank Indonesia,
Indonesia Financial Conglomerate. Tbk. as the Main Entity based on the
largest total assets criteria and/or having
The following is the Integrated Risk Profile based on self-assessment as of 31 December outstanding Quality of Risk Management
2023: Implementation (KPMR) as stipulated by
the OJK.
KPMR (Quality
Inherent Risk of Risk Risk Profile Intra-group transaction risk management
Risk Profile
Rating Management Rating
is a series of methodologies and
Implementation)
procedures used to identify, measure,
Credit Risk 3 2 2
monitor, and control the risk of intra-
Market Risk 2 2 2 group transactions arising from
Liquidity Risk 2 2 2 all Financial Institution business
Operational Risk 2 2 2 activities incorporated in a Financial
Legal Risk 1 2 1
Conglomerate.
Reputation Risk 1 2 1
The Intra-Group Transaction Policy
Strategic Risk 2 2 2 refers to the 4 pillars that have been
Compliance Risk 2 2 2 determined by the OJK, as follows:
Intra-Group Transaction Risk 1 2 1 1. Supervision by the Main Entity’s
Insurance Risk 2 2 2 Board of Directors and Board of
Commissioners
Risk Profile Rating 2 2 2
2. Adequacy of policies, procedures,
and determination of risk limits for
In line with the provisions of the OJK Regulation No. 45/POJK.03/2020 concerning intra-group transactions
Financial Conglomerates, MBI as the Main Entity has submitted a Corporate Charter to 3. Adequacy of the identification
the OJK in accordance with the provisions. The Corporate Charter has been signed by the process, measurement, monitoring
Board of Directors of each Financial Services Institution member of KKMBI. and risk control as well as the intra-
group transaction risk management
Intra-Group Transaction information system
Referring to the Financial Services Authority Regulation (POJK) No. 17/POJK.03/2014 4. A comprehensive internal control
and the OJK Circular Letter (SE) No.14/SEOJK.03/2015 concerning Integrated Risk system for the implementation of
Management for Financial Conglomerates, that Financial Conglomerates shall establish intra-group risk management.
Integrated Risk Management comprehensively and effectively. Maybank Indonesia’s
Financial Conglomerate is composed of the following members:
• PT Bank Maybank Indonesia, Tbk. (MBI),
• PT Maybank Indonesia Finance (MIF),
• PT Wahana Ottomitra Multiartha, Tbk. (WOM),
• PT Maybank Sekuritas Indonesia (MSID),
• PT Maybank Aset Manajemen (MAM), dan
• PT Asuransi Etiqa Internasional Indonesia (EII).
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RISK MANAGEMENT FOCUS IN 2024
Risk Management and Compliance Policy
Key Risk Management Initiatives
• Determining the appropriate risk posture in the recovery
period to support sustainable business growth
• Adjusting credit risk policies to support healthy credit growth
strategies in each segment
Improving Risk Management • Developing Artificial Intelligence (AI)-based unsecured credit
processes as the basis for digital banking development in the
Capability and Efficiency
consumer and retail segments
• Utilising and developing technology to support the bank's first
Strengthening Operational line of defence unit
and Cyber Integrity and Resilience • Developing information technology and cyber risk monitoring
tools and continuously improving the ability to respond to
Achieving Sustainable cyber incidents.
Growth • Reviewing risk management implementation to align with
changes in the broader business, economic and social
environment
• Assisting the Bank's transition to sustainable (Environmental,
Social and Governance/ESG) endeavours through the
development of Risk Acceptance Criteria (RAC) requirements
for industries with high ESG risks.
Strategic goals have been determined to realise the vision The focus area of Technology Risk and Cyber Risk is the 2nd line
to make the principle of sustainability an integral part of of defense where the function includes governance, compliance
the Company’s strategy and culture and to make customers and advisory functions on the current conditions and emerging
as partners to bring about change in a better world through technology/cyber risks that affect IT capabilities in terms of
sustainable growth. Proper Environmental, Social & Governance infrastructure and resilience to cyber attacks.
(“ESG”) risk management is not only something that is good to
do, but also something that can support healthy business growth. The Red Team’s focus area is the 2nd line of defense where its
In addition, the Risk of Climate Change needs to be responded to function is to verify and validate the Company’s cyber security
in a measurable and targeted way in line with the government’s implementation with the following methods
commitment in reducing carbon emissions. − Verification and validation of cyber security based on
vulnerability for example through penetration testing
The paradigm shift in digital banking services requires creative − Verification and validation of cyber security based on
steps in the development of products and services in the virtual scenarios for example: read teaming/purple teaming,
world which is likely to become a community trend in the phishing simulation, social engineering, cyber drill (table top
future. Risk Management must remain relevant to the direction and technical)
of sustainable business growth, amidst the risks of climate
change and digitalisation demands that adapt to the needs and The results above will then become an input for IT which is then
characteristics of customers. implemented to improve the Company’s overall cyber resilience
and cyber security capabilities.
The Bank, through the Technology Risk Management Unit led by
the CISO (Chief Information Security Officer), has a focus area to In addition, the bank's various efforts to become a risk of internal
oversee/improve IT capabilities both in terms of infrastructure and external fraud, including the bank always conducts fraud
and resilience to cyber attacks, with 3 focus areas namely: awareness both to employees and customers such as never
Technology Risk, Cyber Risk and Red Team. sharing personal information, users, PINs, OTPs, passwords to
anyone, educating not to carelessly click on hyperlinks, training
and simulation of phishing emails to employees.
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In line with Indonesia's economic recovery and the lifting of - Conducting dissemination to the work units through
COVID-19 restriction by the government since the end of 2022, the Helpdesk/Command Center policy services
the Bank sees this as the right momentum for credit growth. as well as formal forums aiming to increase the
One of the focuses of the Bank's credit growth is in the SME understanding of the work unit in implementing
segment, which was severely impacted during the COVID-19 credit policies.
pandemic. Growth in the SME segment is of course carried out - Creating assessment on sector/industry and
by applying all the lessons learnt from the portfolio deterioration updating the sector/industry database.
that occurred as a result of the COVID-19 crisis, in order to obtain
future portfolio growth that is more resilient. 2) Limits.
The Bank periodically reviews the implementation of
To support the achievement of business targets and in line with industrial limits to ensure that credit concentration risk
the implementation of risk management and compliance that is maintained and always support business growth.
has been implemented in 2023, the Bank continues to develop
knowledge, understanding and risk awareness to every employee 3) System, Reporting & Monitoring
through training in accordance with the development of the - Regarding the portfolio growth plan for the SME
banking industry in supporting the implementation of effective segment, strict supervision of the active COVID
risk management and compliance. In addition, the Bank continues restructuring portfolio continues to be carried out.
to improve the management of comprehensive risk management The Bank conducts a periodic health check on the
and compliance in 2023, namely: entire COVID restructuring portfolio to be able
to increase more detailed understanding of the
A. Credit Risk Management portfolio. This enables the Bank to implement an
The Bank will continue to improve its efforts and credit risk appropriate account strategy and handling in order
management mechanisms to ensure the Bank’s credit risk to help the customer’s recovery process from the
profile is within the Bank’s risk appetite with the following COVID crisis, and this is in line with the regulations
initiatives: set by the regulator/OJK.
- Continuing the development and implementation
1) Policy and Guideline of the Decision Engine & Alternate Score for
- To support the growth strategy in the SME segment, Credit Card and Unsecured Credit (KTA) customer
the Bank will review several underwriting approaches acquisition processes.
before determining the ideal and appropriate - Developing the business opportunities stemming
framework to handle the expansion of this segment, from subsidiaries (Maybank Finance and WOM
including the possibility of doing fine tuning/ Finance) including strengthening the credit scoring
adjustments to the existing underwriting framework. engine by utilising alternate scores from third
- Periodically issuing new policies and/or review parties.
the Bank’s credit policies and guidelines to - Regularly monitoring and analyzing credit portfolios
ensure that these policies are still effective in while developing proactive data analytics capabilities
supporting business activities and comply with to enhance credit portfolio quality to become more
applicable regulations/ policies of the regulator. predictive.
In order to implement FSA Regulation No. 11/ - Enhancing the role of Credit Risk Review in
POJK.03/2020 concerning National Economic maintaining the quality of the credit process to
Stimulus as a Countercyclical Policy Impact of build a good and prudent credit culture through
the Spread of Coronavirus Disease 2019 as well independent and periodic reviews on approved credit
as the latest provisions regulated through OJK facilities.
Board of Commissioners Decree No. 34/KDK.03 - Development of the RSME Loan Originating System
/2022 concerning the Determination of the (LOS) for credit approval process by integrating the
Accommodation and Drinking Food Provision Sector, Credit Quality Checklist (CQC) into the LOS. The
the Textile and Textile Products and Footwear Sector, CQC serves as a guide for credit decision makers, and
the Micro, Small and Medium Business Segment, and a uniform decision-making process for RSME loans.
Bali Province as Sectors and Regions that Require
Special Treatment of Bank Credit or Financing,
the Bank revised its policies and implementation
provisions to carry out restructuring and handling
related to the COVID-19 situation aligned with these
regulatory regulations/policies and their changes and
developments in current condition/situation.
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- Use of the Retail Consumer Collection System for the Bank uses Risk Assessment (RA), Business Impact
the collection process for the RSME segment. This Analysis (BIA), and Business Continuity Plan (BCP)
is in line with the reorganisation initiative of the to ensure that the Bank has an appropriate method
RSME Asset Quality Management unit to execute for service continuity, especially for Critical Business
the retail billing method for the RSME segment Functions (CBF). The Bank continues to implement the
with the objective of increasing the efficiency and Business Continuity Management strategy in dealing
effectiveness of handling non-performing loans. with emergency conditions to ensure consistency in
- Monitoring and analyzing credit portfolios on a achieving business objectives and business continuity,
regular basis to ensure that portfolio management is including continuously monitoring the situation and
always well maintained. taking steps in accordance with the provisions and
- Developing CRR (Credit Risk Reviewer) system directives of the government/regulator. Database,
applications for database inventory, report reporting and call tree system as part of the BCM
generation and analysis of Credit Risk Review work tools will also be automated as part of the GRC system
unit review results. development. To improve efficiency & effectiveness
- Developing the Monitoring & Tracking (MTREX) in carrying out its functions, the Bank will continue
application as a medium in the process of simplifying to automate the existing processes through system
credit applications, monitoring, tracking and development.
reporting debtor accounts in supporting the debtor/ 3) Knowledge, Culture, and Risk Awareness.
prospective debtor analysis process. The Bank regularly strives to socialise the culture
- Developing the MyMIS application related to the of managing risk and increasing risk awareness
provision of large funds on a daily basis to support comprehensively to all lines of business units and
the monitoring process of debtor and obligor supporting units of the Bank, which is the main key
exposures. to success in risk management by organising various
education and socialisation programs, both in the form
B. Operational Risk Management of: E-Learning, training, meeting forums, organising
1) Policy and Procedure. sharing sessions, publishing articles and case studies
The Bank constantly conducts a review and update through written and online media, as well as in other
on the Operational Risk Management and Business forms of campaigns. Related to the Bank’s various efforts
Continuity Management (BCM) guidelines to ensure the to become a risk of internal and external fraud, including
implementation of policies and procedures in the Bank the Bank always conducts fraud awareness both to
is in accordance with organisational developments, the employees and customers such as never sharing personal
latest environmental conditions, as well as changes in information, users, PINs, OTPs, passwords to anyone,
prevailing laws and regulations. educating not to carelessly click on hyperlinks, training
2) Work Tools and System. and simulation of phishing e-mails to employees.
The Bank continues to maintain and ensure that the
Bank’s operational risk management and BCM processes C. Market Risk Management, Liquidity Risk and Counterparty
are proactive and adequate. The Bank also strives to Credit Risk (CCR)
continue to support the implementation, monitor 1) Policy and Guideline.
utilisation, and maintain the infrastructure of operational The Bank constantly reviews and periodically updates
risk management tools, including Risk & Control Self- all policies and guidelines to suit developments in the
Assessment (RCSA), Key Risk Indicators (KRI), and complexity of market risk exposure, Bank liquidity and
Incident Management & Data Collection (IMDC) carried counterparty credit risk as well as aligns with the latest
out by using the Operational Risk Management System regulations from regulators and best practices in the
(ORMS) application which will be updated as part of the banking industry, both locally and worldwide. In addition,
integrated Governance Risk & Compliance (GRC) system. the Bank will ensure the implementation and alignment
As one of the Bank’s efforts to continuously improve of policies and guidelines related to market risk and
the quality of operational risk management tools, the liquidity management at subsidiaries and overseas
Bank conducts scheduled RCSA and KRI discussions branches.
with related work units to be updated. As for BCM tools,
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2) Limits. - Modelling in Liquidity Risk and Interest Rate Risk
The Bank will review at least annually all market risk in Banking Book (IRRBB). The Bank will update and
limits in the trading book and banking book, liquidity develop the calculation methodology, modelling,
risk, and counterparty credit risk. Limits are reviewed including the assumptions used in measuring
to align with the Bank’s risk appetite, strategy and liquidity risk and IRRBB so that it is in line with
budget; and approved by the relevant committee, such applicable regulations and ensures compliance with
as the Asset and Liabilities Committee (ALCO), or other best practices in the market.
committees. - Pre-Settlement Risk (PSR) Factors in Treasury
3) System, Reporting and Monitoring. Transactions. The Bank manages Counterparty Credit
The Bank will continue to improve the quality of each risk Risk on transactions in the Global Markets (Treasury)
management process, such as identifying, calculating, with other parties, through the determination of the
monitoring and reporting market risk exposures, liquidity pre-settlement risk (PSR) factor for each product
risks and counterparty credit risks accompanied by or financial instrument, currency, and transaction
in-depth analysis of each risk report so that the report period. PSR factor values are tested periodically or
becomes more significant as a basis for business decision should there be significant changes or movements in
making for the management and all stakeholders in the market prices.
Bank. This process will be sustained by an adequate
system, especially for a system that manage market risk D. Enterprise Risk Management
in the Trading Book, interest rate risk in the Banking In line with the assessment of Risk Landscape and material
Book, liquidity risk and counterparty credit risk, such risk identification that is periodically carried out by the Bank,
as the development of treasury systems to be able to the determination of risk measurement and review of Risk
calculate market risk-weighted assets and netting for Appetite and Risk Tolerance will continue to be carried out to
counterparty credit risk exposures in accordance with ensure the growth of the Bank’s portfolio remains supported
regulatory requirements, as well as the development of by a sound risk management and all risks including emerging
liquidity risk systems to be able to produce the necessary risk can be measured and managed with a process that
liquidity risk measurements quickly and accurately. has been defined within the Bank’s Risk Management
4) Measurement Method. Framework.
The Bank will constantly apply risk measurement 1) Adequate Governance
methods that have been tested at this time, either the - Ensuring that the risk management process runs
standard models applied by regulators or models built in accordance with good governance through the
internally to accurately measure potential risk. implementation of effective Committees at the
- To ensure that the method or model used in the Bank’s consolidated level consolidated (including
Market Risk measurement process is conceptual and subsidiaries), as well as at the Maybank Integrated
its implementation is adequate and includes all risk Financial Conglomeration level in Indonesia which in
factors, The Bank will ensure that there is a validation addition to involving a subsidiary, also includes sister
process carried out independently by personnel companies.
appointed as validators, who are not involved in the - In line with the provisions, the Bank as the Main
process of building and developing the model, where Entity has fulfilled its obligation to establish an
the validation process will be carried out periodically. Integrated Risk Management Committee/IRMC and
- Furthermore, to ensure the effectiveness of the an Integrated Risk Management Unit in order to
model used, the Bank also conducts back testing to implement comprehensive and effective Maybank
ensure that the output of the model does not have a Group integrated risk management in Indonesia. The
significant deviation compared to the actual. Integrated Risk Management Committee/IRMC will
- In addition, to estimate or project risk exposures consistently meet at least four times a year.
in extreme market conditions and or in a crisis, the - The Bank will also regularly hold meetings of the
Bank also conducts Stress tests on liquidity risk and Bank’s Risk Management Committee/RMC at least
market risk exposures used to measure the Bank's four times a year and the Bank’s Risk Oversight
resilience in these conditions. Committee/ROC once a month to support risk
management governance.
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2) Reporting c. Alignment of Maybank Group standards and
- In order to implement Integrated Risk Management frameworks is necessary to leverage existing
for the Financial Conglomerate, the Bank as the knowledge, focusing risk management more on
main entity will prepare and submit an Integrated monitoring and mitigation.
Risk Profile report for the end of June and December d. The Bank consistently improves its cyber incident
with coverage of all Financial Services Institutions response capabilities to achieve better cyber
incorporated in the Maybank Indonesia Financial resilience.
Conglomerate. e. The Bank also enhances information security by
- The process of preparing the Risk Profile of the Bank adhering to industry information security standards
and its subsidiaries will be carried out and reported such as ISO27001.
to the Regulator on a quarterly basis, in accordance 2. Work Tools and Systems
with applicable regulations. a. Risk management, particularly technology and cyber
- The Internal Capital Adequacy Assessment Process risks, will utilise and analyze data from within the
(ICAAP) report according to the Risk Profile and the Bank. This data-driven risk management is expected
Risk Based Bank Rating (RBBR) assessment process to benefit identification, prediction, and proactive
for the Bank and its subsidiaries will be submitted mitigation of operational business risks.
on a six-monthly basis in accordance with applicable b. In addition to using and analyzing data from within
regulations. the Bank, the use and analysis of external threat data
- Evaluation and testing (Stress Testing) is conducted are also necessary to proactively mitigate current
by the Bank on a regular basis for internal purposes and future threats.
with the aim to observe the condition of the Bank c. Data-driven risk management development is done
in a stressed scenario in terms of capital, liquidity, gradually by:
profitability, and asset quality. - Assessing and categorising usable data;
- Updating the Recovery Plan document regularly in - Assessing relevant cyber threats to the Bank to
accordance with the provisions, at least once a year. understand their impacts and mitigations;
- Submitting a Resolution Plan document, for - Standardising data sources and mechanisms for
subsequent periodic updates in accordance with the data collection and processing;
OJK regulations, which is at least once every two - Standardising metrics, dashboards, and reporting
years. used;
- The Bank will review the implementation plan of the - Utilising information technology and automation
Integrated Group Reporting Platform (IGRP) System for more effective data processing;
in accordance with the direction from OJK in letter - Developing technology and cyber risk monitoring
S-87/PB.322/2020. media for proactive initiatives.
E. Technology and Cyber Risks - Continuously verifying and validating
The bank will continuously update efforts and mechanisms implemented controls.
for managing technology and cyber risks in line with current 3. Knowledge, Culture, and Risk Awareness
developments and implementations. The following initiatives The bank regularly conducts risk awareness campaigns,
are being undertaken: especially for technology and cyber risks due to their
1. Policies and Procedures rapid changes. Sufficient knowledge and the formation
a. Technology and cyber areas are rapidly evolving, of risk culture and awareness across all business lines
requiring stakeholders to have a unified perspective and supporting units of the Bank are key to successful
and understandable standardisation. technology and cyber risk management. Awareness and
b. The Bank continuously enhances technology and education programs using available media to solicit
cyber areas in alignment with new regulations such feedback from the target audience will enhance the
as POJK No. 11/POJK.03/2022 regarding Information quality and quantity of materials related to technology
Technology Implementation by Commercial Banks and cyber risks. These programs will collaborate with
and SEOJK No. 29 /SEOJK.03/2022 concerning Cyber relevant units for alignment and avoid appearing
Resilience and Security for Commercial Banks. isolated.
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Highlights Report Profile and Analysis
Risk Exposure and Capital Disclosure
C: GENERAL
Key Metrics - As of 31 December 2023
No. Description
AVAILABLE CAPITAL (VALUE)
1 Common Equity Tier 1 (CET1) Capital
2 Tier 1 Capital
3 Total Capital
Risk Weighted Assets (Value)
4 Total Risk Weighted Assets (RWA)
Risk-Based Capital Ratio as a Percentage of RWA
5 CET1 Ratio (%)
6 Tier 1 Ratio (%)
7 Total Capital Ratio (%)
ADDITIONAL CET1 BUFFER AS PERCENTAGE OF RWA
8 Capital Conservation Buffer (2.5% of RWA) (%)
9 Countercyclical Buffer (0 - 2.5% of RWA) (%)
10 Capital Surcharge for Systemic Banks (1% - 2.5%) (%)
11 Total CET1 as Buffer (Row 8 + Row 9 + Row 10)
12 CET1 Component for Buffer
LEVERAGE RATIO AS PER BASEL III
13 Total Exposure
14 Value of Leverage Ratio, including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any)
14b Value of Leverage Ratio, not including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any)
14c Value of Leverage Ratio, including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any), that have considered the average carrying value of SFT assets on a gross basis (%)
14d Value of Leverage Ratio, not including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any), that have considered the average carrying value of SFT assets on a gross basis (%)
LIQUIDITY COVERAGE RATIO (LCR)
15 Total High Quality Liquid Asset (HQLA)
16 Total Net Cash Outflow
17 LCR (%)
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding (ASF)
19 Total Required Stable Funding (RSF)
20 NSFR (%)
The Leverage Ratio as of 31 December 2023 is 15.96%, still above the stipulated provisions of 3%. The largest component of core capital was obtained from agio
amounting to Rp6,357,376 million and past years’ profit amounting to Rp15,380,859 million. The largest total exposure comes from loans amounting to Rp116,002,006
million and marketable securities portfolio amounting to Rp30,030,868 million.
PT WOM Finance Tbk and PT Maybank Indonesia Finance are subsidiaries of PT Bank Maybank Indonesia Tbk, whose main activities are automotive financing. In
calculating the daily average LCR throughout the fourth quarter of 2023 on a consolidated basis, the fulfillment of the Liquidity Coverage Ratio (LCR) is 210.22%. The
consolidated LCR decreased by 9.99% compared to the consolidated LCR position in Q3 2023 at 220.21%. The decrease in consolidated LCR was mainly due to an
average decrease in High Quality Liquid Assets (HQLA) of Rp2.35 trillion, most of which came from level 1 securities owned by the Bank. Meanwhile, the average net
cash outflow decreased by Rp143 billion, which came from a decrease in cash outflow, mainly from loans owned by subsidiaries that had matured.
PT WOM Finance Tbk. and PT Maybank Indonesia Finance is a subsidiary of PT Bank Maybank Indonesia Tbk, where its main activities are engaged in automotive
financing.
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Review Governance Responsibility Statements
(in million Rupiah)
December 2023 September 2023 June 2023 March 2023 December 2022
28,581,706 28,023,942 28,184,274 27,748,587 27,690,278
28,581,706 28,023,942 28,184,274 27,748,587 27,690,278
29,838,633 29,133,877 29,271,186 28,847,676 28,862,066
107,547,948 103,406,047 102,347,847 99,090,826 108,309,200
26.57% 27.10% 27.54% 28.00% 25.57%
26.57% 27.10% 27.54% 28.00% 25.57%
27.74% 28.17% 28.60% 29.11% 26.65%
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%
17.75% 18.18% 18.61% 19.12% 16.66%
179,073,495 176,490,704 171,822,099 167,742,421 166,107,278
15.96% 15.88% 16.40% 16.54% 16.67%
15.96% 15.88% 16.40% 16.54% 16.67%
16.10% 15.84% 16.34% 16.53% 16.34%
16.10% 15.84% 16.34% 16.53% 16.34%
42,896,012 45,251,857 42,437,567 42,344,412 43,767,721
20,405,706 20,549,093 25,405,646 24,635,123 25,404,364
210.22% 220.21% 167.04% 171.89% 172.28%
115,189,804 113,531,621 106,899,306 99,606,782 104,090,663
100,875,696 99,249,717 98,698,786 96,354,535 96,298,946
114.19% 114.39% 108.31% 103.38% 108.09%
The consolidated NSFR with subsidiaries in December 2023 is 114.19% (1.43% lower than the Bank’s individual NSFR), with total Available Stable Funding (ASF) after
weighting of Rp115.19 trillion and total Required Stable Funding (RSF) after weighting of Rp100.88 trillion.
Compared to the ASF position of Bank as individual, consolidated ASF is higher at Rp9.72 trillion which comes from capital, securities issued by subsidiaries, and
subsidiary loans. Meanwhile, RSF was higher at Rp9.66 trillion, most of which came from loans provided by subsidiaries.
On a consolidated basis, the amount of funding that has a maturity of more than 1 (one) year is Rp9.20 trillion, while the amount of loans in the Current and Special
Mention (performing) categories that have a maturity of more than 1 (one) year reaches Rp60.72 trillion.
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D: GENERAL
The Difference Between the Consolidated Coverage in Accordance with Accounting Standards and
The Prudential Requirements
a&b c
Carrying amount as stated in the
published financial statements According to credit risk
framework
ASSETS
Cash 1,570,030 1,570,030
Placements with Bank Indonesia 10,384,671 10,384,671
Placements with other banks 2,338,617 2,338,617
Spot and derivative/forward receivable 981,893 -
Trading securities 30,030,868 28,884,130
Securities sold under re-purchase agreement (repo) receivables 2,051,000 2,051,000
Securities purchased under re-sale agreement (reverse repo) receivables 2,333,122 2,333,122
Acceptances receivable 786,695 786,695
Loan receivables 85,762,283 85,762,283
Shariah financing receivables 30,239,723 30,239,723
Equity investments 167,793 8,289
Other financial assets 1,154,181 1,139,620
Allowance for impairment losses on financial assets -/- (3,612,554) (2,329,880)
Intangible assets 1,612,529 -
Accumulated amortisation of intangible assets -/- (1,248,905) -
Fixed assets and inventories 6,305,171 6,305,171
Accumulated depreciation of fixed assets and inventories -/- (2,476,947) (2,476,947)
Non productive assets 790,880 790,880
Other assets 2,632,020 2,092,850
TOTAL ASSETS 171,803,070 169,880,254
LIABILITIES
Demand deposits 35,753,133
Savings 23,243,230
Time deposits 56,506,145
Electronic money -
Liabilities to Bank Indonesia -
Liabilities to other banks 4,782,896
Spot and derivative/forward liabilities 967,985
Securities sold under repurchase agreement (repo) liabilities 2,017,063
Acceptances liabilities 512,039
Securities issued 4,321,632
Borrowings 7,744,928
Security deposits 44,496
Inter-branch liabilities 481
Other liabilities 5,113,008
Non-controlling interests 537,714
TOTAL LIABILITIES 141,544,750
Qualitative Analysis
The difference in the carrying value according to the market risk framework for Trading Securities is due to the fact that it is recorded using the trade date and the
market value used is based on the dirty price, which is the market value of securities based on the clean price plus the accrual value of the current interest income
to be received.
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(in million Rupiah)
31 December 2023
d e f g
Carrying amount by risks
Does not refer to capital
According to counterparty credit According to securitisation According to market risk
requirements or based on capital
risk framework framework framework
deduction
125,197
3,391,650
144,525
981,893 72,583
4,370,138
0
3,426
626,061
12,625,362
2,888,752
-
141,499
-
20,418
(19,322)
-
-
-
157,167
981,893 - 24,547,456
14,142,190
3,183,815
10,041,139
-
-
1,806,346
71,165
49,999
363,278
-
1,601,746
24,047
7
201,867
-
31,485,599
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E: GENERAL
The Differences Between the Exposure in Accordance with Prudential Requirements and the Carrying Values
in Accordance with Financial Accounting Standards
31 December 2023
a b c d e
Item in accordance with:
Total Counterparty
Credit risk Securitisation Market risk
credit risk
framework framework framework
framework
The carrying amount of assets in accordance with the 195,409,603 169,880,254 - 981,893 24,547,456
consolidated coverage of prudential requirements (as reported
in template LI1)
The carrying amount of liabilities in accordance with the 31,485,599 - - - 31,485,599
consolidated coverage of prudential requirements (as reported
in template LI1)
Total net value in accordance with the consolidated coverage of 163,924,004 169,880,254 - 981,893 (6,938,143)
prudential requirements
Value of off-balance sheet accounts - - -
Valuation differences - - - - -
Differences between netting rules, except those in Row 2 - - - - -
Allowance differences - - - - -
Prudential filters differences - - - - -
Exposure value considered in accordance with the consolidated 163,924,004 169,880,254 - 981,893 (6,938,143)
scope of prudential requirements
Qualitative Analysis
The difference in the carrying value according to the market risk framework for Trading Securities is due to the fact that it is recorded using the trade date and the
market value used is based on the dirty price, which is the market value of securities based on the clean price plus the accrual value of the current interest income
to be received.
Instructions
• The values for rows 1 and 2, columns (b) to (e) are based on the sum of columns (c) to (f) of LI1.
• The value on administrative accounts includes the original exposure on administrative accounts in column (a) and the value under the regulatory framework,
after application of the Credit Conversion Factor (CCF) where appropriate in columns (b) to (e).
• Columns © through column (f) correspond to the respective financial services authority regulations, namely:
1. column (c) i.e. carrying amount in accordance with the provisions of the Financial Services Authority regarding guidelines for the calculation of risk-
weighted assets for credit risk using the standardised approach.
2. column (d) i.e. carrying amount in accordance with the guidelines for the calculation of net charge of derivative transactions in the calculation of risk-
weighted assets for credit risk using the standardised approach.
3. column (e) is the carrying value in accordance with the Financial Services Authority Regulation regarding prudential principles in asset securitisation
activities for commercial banks;
4. column (f) is the carrying value in accordance with the guidelines for the use of standard methods in calculating the minimum capital adequacy obligation
of commercial banks by taking into account market risk.
• Total exposure for prudential requirements: The value listed i.e. the aggregate value is considered as the beginning of the RWA calculation for each risk
category. As per the credit risk framework should refer to the value applied as per the credit risk standardised approach or for exposures at default (EAD) on
credit risk - Internal Rating Based Approach; securitisation exposures should be defined as per the securitisation framework; counterparty credit exposures as
defined as EAD used for counterparty credit risk purposes); and market risk exposures as per the position on the market risk framework.
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F: Description of the Difference Between the Exposure Value in Accordance with Financial
Accounting Standards and The Prudential Requirements
(i) Valuation methodology, including an Valuation of financial instruments in the Trading Book is carried out through several types of fair value
explanation of the extent to which measurements:
mark-to-market and mark-to-model a. Based on market prices (mark-to-market)
methodologies are used. Financial instruments are valued daily based on current market interest rates/prices traded in active
markets and sourced from credible financial data providers (Bloomberg; Reuters) and/or from brokers
active in the market.
b. Based on a specific modeling approach (mark-to-model)
If fair value measurement based on market prices (mark-to-market) cannot be performed, then fair
value measurement is done based on mark-to-model, which is a method of fair value measurement
after benchmarking, extrapolation, or calculation using available market input data. Various valuation
techniques include Discounted Cash Flow, Modeling, and Benchmarking.
(ii) Description of the independent price The independent price verification process is conducted by parties independent of the business unit (in
verification process. this case, by the risk management unit) to ensure that market data used in the valuation process is in line
with standards, quality, and completeness.
The price verification process is carried out at the end of each working day after all necessary market
data has been collected. There are 2 (two) types of tolerance checks for independent price verification:
a. Percentile check
This check is performed to ensure that the market data taken falls within the specified percentile
range. If there are data points outside the percentile range (outliers), then those data points will be
excluded/not used.
b. Time stamp check
This check is performed to ensure that market data is always updated and taken at specified times.
(iii) Procedures for valuation or provision The process and methodology for assessing trading positions for each type of instrument are as follows:
adjustments (including process a. Debt Securities.
description and methodology for Valued daily based on the current market rates traded in active markets and sourced from credible
assessing trading positions with financial data providers (Indonesia Bond Pricing Agency, Bloomberg, Reuters) and/or from brokers
instrument types). active in the market.
b. Foreign Exchange Rates and Derivative Instruments.
Valued daily using discounted cash flow calculated using available market input data.
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G: CAPITAL
Composition of Capital (CC1)
Reference from
Amount Consolidated
No. Component
(in million Rupiah) Statements of
Financial Position 1)
COMMON EQUITY TIER 1 CAPITAL: INSTRUMENTS AND RESERVES
1 Directly issued qualifying common share (and equivalent for non-joint stock companies) capital plus 10,213,284 a
related stock surplus
2 Retained earnings 17,124,265 b
3 Accumulated other comprehensive income (and other reserves) 2,606,161 c
4 Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock companies) -
5 Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1) -
6 Common Equity Tier 1 capital before regulatory adjustments 29,943,710
COMMON EQUITY TIER 1 CAPITAL: REGULATORY ADJUSTMENTS
7. Prudential valuation adjustments -
8. Goodwill (net of related tax liability) (7,128) d
9. Other intangibles other than mortgage-servicing rights (net of related tax liability) (356,496) e
10. Deferred tax assets that rely on future profitability excluding those arising from temporary differences N/A
(net of related tax liability)
11. Cash-flow hedge reserve N/A
12. Shortfall on provisions to expected losses 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 -
15. Defined-benefit pension fund net assets -
16. Investments in own shares (if not already netted off paid-in capital on reported balance sheet) N/A
17. Reciprocal cross-holdings in common equity N/A
18. Investments in the capital of Banking, financial and insurance entities that are outside the scope of N/A
regulatory consolidation, net of eligible short positions, where the Bank does not own more than 10% of
the issued share capital (amount above 10% threshold)
19. Significant investments in the common stock of Banking, financial and insurance entities that are outside N/A
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 (amount above 10% threshold, net of related tax N/A
liability)
22. Amount exceeding the 15% threshold
24. • Mortgage servicing rights N/A
25. • Deferred tax assets arising from temporary differences N/A
26. National specific regulatory adjustments
26a. • Difference between allowance for possible losses and allowance for impairment losses on earning -
assets
26b. • Allowance for losses on non productive assets required to be provided (328,648)
26c. • Deferred tax asset (690,557) f
26d. • Investments in shares of stock - g
26e. • Shortage of capital on insurance subsidiary company -
26f. • 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 (1,382,829)
29. Common Equity Tier 1 capital (CET1) 28,560,881
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Review Governance Responsibility Statements
Reference from
Amount Consolidated
No. Component
(in million Rupiah) Statements of
Financial Position 1)
ADDITIONAL TIER 1 CAPITAL: INSTRUMENTS
30. Directly issued qualifying Additional Tier 1 instruments plus related stock surplus
31 • Classified as equity under applicable accounting standards -
32 • Classified as liabilities under applicable accounting standards -
33. Directly issued capital instruments subject to phase out from Additional Tier 1 N/A
34. Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and held -
by third parties (amount allowed in group AT1)
35. • Instruments issued by subsidiaries subject to phase out N/A
36. Additional Tier 1 capital before regulatory adjustments
ADDITIONAL TIER 1 CAPITAL: REGULATORY ADJUSTMENTS
37. Investments in own Additional Tier 1 instruments N/A
38. Reciprocal cross-holdings in Additional Tier 1 instruments -
39. Investments in the capital of Banking, financial and insurance entities that are outside the scope of N/A
regulatory consolidation, net of eligible short positions, where the Bank does not own more than 10% of
the issued common share capital of the entity (amount above 10% threshold)
40. Significant investments in the capital of Banking, financial and insurance entities that are outside the N/A
scope of regulatory consolidation (net of eligible short positions)
41. National specific regulatory adjustments
41.a. • Investments in Instruments issued by the other bank that meet the criteria for inclusion in additional -
Tier 1
42. Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions -
43. Total regulatory adjustments to Additional Tier 1 capital -
44. Additional Tier 1 capital (AT1)
45. Tier 1 capital (T1 = CET 1 + AT 1) 28,560,881
TIER 2 CAPITAL: INSTRUMENTS AND PROVISIONS
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 99,451 h
47 Directly issued capital instruments subject to phase out from Tier 2 N/A
48 Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and -
held by third parties (amount allowed in group Tier 2)
49. Instruments issued by subsidiaries subject to phase out N/A
50 General PPA reserve on earning assets that must be calculated at a maximum amount of 1.25% of RWA for 1,157,476
Credit Risk
51 Tier 2 capital before regulatory adjustments 1,256,927
TIER 2 CAPITAL: REGULATORY ADJUSTMENTS
52 Investments in own Tier 2 instruments N/A
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities N/A
54 Investments in capital TLAC liabilities of banks, financial and insurance entities outside the consolidated N/A
scope as per provisions, net of short position allowed, whereby the Bank does not held more than 10% of
the issued share capital; previously, the threshold value is 5%, however, this no longer met the criteria (for
systemic banks).
55 Significant investments in the capital banking, financial and insurance entities that are outside the scope N/A
of regulatory consolidation (net of eligible short positions)
56 National specific regulatory adjustments
56a. • Sinking fund -
56b. • Investments in Instruments issued by the other bank that meet the criteria for inclusion in additional -
tier 2
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Reference from
Amount Consolidated
No. Component
(in million Rupiah) Statements of
Financial Position 1)
57 Total regulatory adjustments to Tier 2 capital -
58 Tier 2 capital (T2) 1,256,927
59 Total capital (TC = T1 + T2) 29,817,808
60 Total risk weighted assets 107,547,948
CAPITAL RATIOS AND BUFFERS
61 Common Equity Tier 1 (as a percentage of risk weighted assets) 26.56%
62 Tier 1 (as a percentage of risk weighted assets) 26.56%
63 Total capital (as a percentage of risk weighted assets) 27.73%
64 Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus 3.500%
countercyclical buffer requirements plus G-SIB buffer requirement, expressed as a percentage of risk
weighted assets)
65 • capital conservation buffer requirement 2.500%
66 • Bank specific countercyclical buffer requirement 0.000%
67 • higher loss absorbency requirement 1.000%
68 Common Equity Tier 1 available to meet buffers
• as a percentage of risk weighted assets 17.75%
NATIONAL MINIMAL (IF DIFFERENT FROM BASEL 3)
69 National Common Equity Tier 1 minimum ratio (if different from Basel 3 minimum) N/A
70 National Tier 1 minimum ratio (if different from Basel 3 minimum) N/A
71 National total capital minimum ratio (if different from Basel 3 minimum) N/A
AMOUNTS BELOW THE THRESHOLDS FOR DEDUCTION (BEFORE RISK WEIGHTING)
72 Non-significant investments in the capital and other TLAC liabilities of other financial entities N/A
73 Significant investments in the common stock of financial entities N/A
74 Mortgage servicing rights (net of related tax liability) N/A
75 Deferred tax assets arising from temporary differences (net of related tax liability) N/A
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardised approach (prior to N/A
application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach N/A
78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach N/A
(prior to application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach N/A
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase out arrangements N/A
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) N/A
82 Current cap on AT1 instruments subject to phase out arrangements N/A
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) N/A
84 Current cap on T2 instruments subject to phase out arrangements N/A
85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) N/A
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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H: CAPITAL
Consolidated Statement of Financial Position (CC2)
(in million Rupiah)
Consolidated
Statements of
Financial Position
Consolidated
No. Accounts Under Regulatory Reference No.
Scope
of Consolidation
December 2023
ASSETS
1. Cash 1,570,030
2. Placement to Bank Indonesia 10,384,671
3. Interbank placement 2,338,617
4. Spot and derivative/forward receivables 981,893
5. Securities 30,030,868
6. Securities sold under repurchase agreement (repo) 2,051,000
7. Claims on securities bought under reverse repo 2,333,122
8. Acceptance receivables 786,695
9. Loans and financing 85,762,283
10. Shariah financing ¹⁾ 30,239,723
11. Equity investment 167,793 g
12. Other financial assets 1,154,181
13. Impairment on financial assets -/-
a. Marketable securities (2,397)
b. Loans and sharia financing ¹⁾ (3,522,101)
c. Others (88,056)
14. Intangible assets 1,612,529
i. Goodwill 7,128 d
ii. Other intangible assets 1,605,401 e
Accumulated amortisation of intangible assets -/- (1,248,905)
i. Goodwill (227,939) d
ii. Other intangible assets (1,020,966) e
15. Fixed assets and inventories 6,305,171
Accumulated depreciation of fixed asset and inventories -/- (2,476,947)
16. Non-productive assets
a. Abandoned properties 25,930
b. Foreclosed collaterals 764,941
c. Suspended accounts 9
d. Inter-branch assets ²⁾ 0
17. Other assets 0
Deferred tax assets 690,557 f
Other assets 1,941,463
TOTAL ASSETS 171,803,070
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(in million Rupiah)
Consolidated
Statements of
Financial Position
Consolidated
No. Accounts Under Regulatory Reference No.
Scope
of Consolidation
December 2023
LIABILITIES AND EQUITY
LIABILITIES
1. Current accounts 35.753.133 -
2. Savings 23.243.230 -
3. Time deposits 56.506.145 -
4. Electronic Money 0 -
5. Liabilities to Bank Indonesia 0 -
6. Liabilities to other banks 4.782.896 -
7. Spot and derivative/forward payable 967.985 -
8. Payable on securities sold under repurchase agreements (repo) 2.017.063 -
9. Acceptances payable 512.039 -
10. Securities issued 4.321.632 - h
11. Borrowings 7.744.928 -
12. Security deposit 44.496 -
13. Inter-branch liabilities 2) 481 -
14. Other liabilities 5.113.008 -
15. Minority interest 537.714 -
TOTAL LIABILITIES 141.544.750 -
EQUITY
16. Paid-in capital -
a. Authorised capital 12.864.766 -
b. Unpaid capital (9.008.858) - a
c. Treasury stock -/- 0 - a
17. Additional paid-in capital -
a. Agio 6.357.376 - a
b. Disagio -/- 0 - a
c. Donated capital 0 - a
d. Others (57.313) -
18. Other comprehensive income - -
a. Gains 2.206.902 - c
b. Losses -/- 0 - c
19. Reserves -
a. General reserves 771.182 - c
b. Appropriated reserves 0 -
20. Profit/loss -
a. Previous years 15.969.288 - b
b. Current year 1.743.406 - b
c. Dividend paid (588.429) - b
Total Equity Attributable To Owner 30.258.320 -
TOTAL EQUITY 30.258.320 -
TOTAL LIABILITIES AND EQUITY 171.803.070 -
In terms of assets, there was an increase in loans disbursement of Rp2,221,043 million, offset by a decline in the marketable securities portfolio by Rp3,193,127
million. Meanwhile, on the liabilities side, there was an increase in Current Accounts of Rp1,847,405 million, offset by a decline in Time Deposits of Rp1,802,556
million, compared to the previous period (Q3 2023).
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Review Governance Responsibility Statements
I: CAPITAL
Key Features of Capital Instruments (CCA)
Subordinated Long Term
Notes made without a Public
No Description Filling Guidelines Ordinary Shares Offering PT Bank Maybank
Indonesia Tbk
Year 2023
1 Issuer Please fill in the issuer of the instrument. PT Bank Maybank PT Bank Maybank Indonesia Tbk
Indonesia Tbk
2 Identification number (ISIN) Filled in with a unique identification number ID1000099302 IDH000075407
for the issuance of the instrument (e.g.
exchange-listed number, ISIN, etc.)
3 Applicable law Filled in with the law used, for example: Indonesian law Indonesian law
Indonesian law
3A Means of enabling the performance The OJK provisions do not adopt the TLAC. N/A N/A
obligations under Section 13 of the
TLAC Glossary to be achieved (for other
valid TLAC instruments governed by
foreign law)
Treatment of instrument based on the
provisions of KPMM
4 At transition time OJK provisions regarding CAR do not adopt a N/A N/A
transition period
5 After transition time Filled with options: CET 1, AT 1, Tier 2, or Not CET-1 Tier 2
Eligible
6 Is the instrument eligible for Individual/ Filled in with options: Individual; Consolidated; Consolidation and Consolidation and Individual
Consolidated or Consolidated and or Consolidated and Individual. Individual
Individual
7 Type of Instrument Please fill in the type of instrument with Subordinated Securities Subordinated Long Term Notes
options: Ordinary Shares, Preferred Shares,
Subordinated Securities, Subordinated Loans,
Securities, or other loans.
8 The amount recognised in the KPMM Filled in Millions Rupiah 3,855,908 99,451
calculation
9 Par value of instrument Filled in Millions Rupiah (while for nominal Series A: IDR 900/share 100,000
shares in full value) Series B: IDR 225/share
Series C: IDR 22.5/share
10 Classification in accordance with Filled in with options: Equity; Liabilities - Equity Liabilities - Amortised cost
financial accounting standards Amortised cost; Liabilities - Fair Value Option;
Non-controlling interest.
11 Date of Issuance Filled in: IPO : 21 November 1989 23 August 2023
dd/mm/yyyy Rights Issue I:
15 February 1994
Rights Issue II:
16 January 1997
Rights Issue III:
6 April 1999
Rights Issue IV: 11 July
2002
Rights Issue V: 2010
Rights Issue VI: 2013
Rights Issue VII: 2014
Rights Issue VIII: 2018
12 No maturity date (perpetual) or with Filled with options: Perpetual or With Maturity No maturity With Maturity date
maturity date
13 Maturity Date For instruments with maturity, fill in the N/A 23 August 2023
maturity date: dd/mm/yyyy.
For perpetual instruments
fill in: No maturity date
14 Date of call option, amount being Filled in with options: Yes; No N/A N/A
called, and other requirements of
the call option (if any)
15 Date of call option, amount being Please fill in the call option date (dd/mm/yyyy), N/A N/A
called, and other requirements of other call option terms and withdrawal amount
the call option (if any) (in million rupiah)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 313
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Subordinated Long Term
Notes made without a Public
No Description Filling Guidelines Ordinary Shares Offering PT Bank Maybank
Indonesia Tbk
Year 2023
16 Subsequent call option Filled in if there is a subsequent call option N/A N/A
feature (the number of times the call option
can be exercised).
Coupon / dividend
17 Fixed rate or floating rate dividend/ Filled with options: Floating Fixed
coupon - Fixed: if the coupon or dividend is fixed
during the term of the instrument;
- Floating: if the coupon or dividend is
floating during the term of the instrument;
- Fixed to floating: if the coupon/dividend is
currently fixed, but may change to floating
in the future; or
- Floating to fixed: if the coupon/dividend is
currently floating, but may change to fixed
in the future.
18 Level of coupon rate or other index as Fill in with the coupon rate or index that is the N/A 7,900%
reference reference of the coupon or dividend rate.
19 Existence of dividend stopper Filled with options: Yes or No No No
20 Fully discretionary; partial or Whether the Bank has the full or partial right Mandatory Mandatory
mandatory to cancel coupons or dividends, or cannot
cancel coupons/dividends. Filled with options:
Fully discretionary, Partially Discretionary, or
Mandatory.
21 Existence of step-up feature or other Filled with options: Yes or No No No
incentive
22 Non-cumulative or cumulative Filled in with options: Non-cumulative or Non-cumulative Non-cumulative
cumulative
23 Convertible or non-convertible Filled with options: convertible or non- Not convertible Not convertible
convertible
24 If convertible, state the trigger point Fill in with the conditions (trigger points) when N/A N/A
the instrument is converted, including the
point of non-viability.
25 If convertible, wholly or partially Filled in with an explanation for each trigger N/A N/A
point whether the instrument will be: (i)
definitely converted in full; (ii) possibly
converted in full or in part; or (iii) definitely
converted in part.
26 If convertible, what is the rate of Filled in with an explanation of the conversion N/A N/A
conversion rate of the instrument.
27 If convertible; mandatory or optional Filled with options: Mandatory, Optional, or N/A N/A
N/A
28 If convertible, state the instrument of Filled with options: CET 1, AT 1, Tier 2, or N/A N/A N/A
conversion
29 If convertible, state the issuer of Filled in with an explanation of the issuer of N/A N/A
instrument it converts into the instrument it converts into
30 Write-down feature Filled with options: Yes or No No Yes
31 In the event of write-down, state the Filled with an explanation of the conditions N/A In the event that the OJK has
trigger or trigger points of the write-down feature, determined that the Company is
including the point of non-viability. in a condition that its business
continuity is disturbed by
providing a written notification
to the Company to perform a
Write Down on its obligations to
Subordinated Bonds
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Subordinated Long Term
Notes made without a Public
No Description Filling Guidelines Ordinary Shares Offering PT Bank Maybank
Indonesia Tbk
Year 2023
32 In the event of write-down, state the For each trigger point for the write down N/A Fully/Partially
trigger feature, describe whether the instrument will
be written down: (i) will always be fully written
down; (ii) may be partially written down; (iii)
will always be partially written down.
33 In the event of write-down; permanent Filled with options: Permanent or Temporary N/A Permanent
or temporary
34 In the event of temporary write-down, Filled in with an explanation of the write-up N/A N/A
state the write-up mechanism mechanism.
34a Type of subordination Filled with the type of subordination N/A Subordinated Long Term Notes
35 Hierarchy of instrument at liquidation Filled in with an explanation of the hierarchy of This instrument is Rated as pari passu without
instruments at the time of liquidation. paid-in capital and is preference among holders of
subordinated to other other subordinated bonds or
capital components. debtors
Available to absorb
losses that occur before
liquidation or during
liquidation
36 Existence of non-compliant feature Filled with options: Yes or No No No
37 If Yes, describe the non-compliant Filled with an explanation of non-compliant N/A N/A
feature features.
J: CAPITAL
Qualitative Analysis
Capital instruments issued by the Bank refer to POJK No. 11/ that the subdebt can be recognised as supplementary capital.
POJK.03/2016 concerning Minimum Capital Requirement for Supplementary Capital can be recognised as a maximum of 100%
Commercial Banks, along with its amendments. In the POJK, of the Core Capital. For the purposes of calculating the Minimum
there are capital instruments in the form of Main Core Capital Capital Requirement (“KPMM”) ratio, the above subordinated
(Tier 1) and Supplementary Capital (Tier 2) along with details on LTN is calculated as supplementary capital after the Bank
the features of capital instruments. receives a letter of approval from OJK No. S-100/PB.32/2023
dated 6 October 2023.
For Subordinated Bonds (subdebt) in particular, to be recognised
as Tier 2 Capital must meet the requirements stated in Article 19 The Bank always strives to maintain capital according to the
of the POJK including having a term of 5 years or more and can Bank’s Internal Capital Target (ICT) and to meet the minimum
be repaid after obtaining approval from OJK, having features to capital requirements in accordance with applicable regulations.
convert into ordinary shares or write down mechanism in the
event that a Bank has the potential to be affected by its business Issuance of capital instruments, either through the issuance of
continuity (point of non viability), which is clearly stated in ordinary shares through Pre-emptive Rights (HMETD) or non-
the issuance documentation or agreement, and other features. HMETD or Subordinated Bonds, refers to the Bank’s capital plan.
Banks must submit an application for approval to the OJK so
PT Bank Maybank Indonesia Tbk 2023 Annual Report 315
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316
Main Management Company Management Discussion
Highlights Report Profile and Analysis
K: RISK MANAGEMENT
Disclosure of Bank Risk Management Approach (OVA)
Risk management is an important component in making The Bank regularly identifies risks, including through the
decisions to support the Bank’s business strategy. In all aspects risk landscape survey process, the approval process for new
of the Bank’s business, risk is an inseparable part where in the businesses and new products, evaluation and testing (stress
presence of uncertainty there is always the potential for losses, testing) that are forward-looking and directives from senior
both predictable and unpredictable, which must be considered. management and the Board of Directors in order to determine
Risk management plays a role in balancing the level of risk that business strategies and how to achieve them in the midst of
is willing to be taken in accordance with the Bank’s business various challenges and pressures.
strategy and at the same time maintaining a healthy financial
condition and capital. The 5 (five) main stages of the risk management process are
implemented in a sustainable manner at the Bank, including risk
In implementing effective risk management in daily business identification, risk measurement, risk control, risk monitoring
activities, the Bank includes 4 (four) main pillars of risk and reporting, and monitoring of sustainable financial action
management, including: plans.
a. Active supervision of the Board of Directors, Board of
Commissioners and Sharia Supervisory Board Banks identify 8 (eight) types of risk in accordance with OJK
b. Adequacy of risk management policies, procedures and limits regulations regarding the implementation of risk management
c. Adequacy of risk identification, measurement, monitoring for commercial banks, namely credit risk, market risk, liquidity
and control processes and risk management information risk, operational risk, compliance risk, legal risk, reputation risk
systems and strategic risk. In addition to the eight types of risk, there
d. Comprehensive internal control system are 2 (two) additional risks related to the implementation of
risk management for Sharia Business Units in the Bank, namely
The Bank has and implements a risk management framework return risk and investment risk. In implementing integrated risk
and annexes to the framework that act as an umbrella for all management for the Maybank Indonesia financial conglomerate,
risk management policies and procedures that govern the there are 2 (two) risks that are also identified and managed,
implementation of risk management governance in the Bank. namely intra-group transaction risk and insurance risk.
The main value of risk management at the Bank is the
implementation of a risk culture by the Bank’s employees in
every aspect of the Bank’s business and organisation as an
important component in strengthening risk governance and
establishing risk management principles as the foundation of a
strong risk management structure.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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L.1: LEVERAGE RATIO
Report of Total Exposure in Leverage Ratio
Name Bank : PT Bank Maybank Indonesia Tbk
Report Position : December 2023
(in million Rupiah)
No Description Individual Consolidated
1 Total assets in the statement of financial position of the published financial statements (gross value before 161,784,347 175,415,624
allowance for impairment losses/CKPN)
2 Adjustments for the value of equity participation in banks, financial institutions, insurance companies, - -
and/ or other entities, which must be consolidated in accordance with financial accounting standards, but
is outside the scope of consolidation based on the provisions of the Financial Services Authority.
3 Adjustments for the value of the underlying financial assets portfolio that have been transferred in asset - -
securitisation that meet the sell- out requirements as stipulated in the Financial Services Authority
Regulation concerning the prudential principle in asset securitisation activities for commercial banks.
In the event that the underlying financial asset has been deducted from the total assets in the statement
of financial position, the number on this line is 0 (zero).
4 Adjustments for the temporary exemption from placement of demand deposits with Bank Indonesia in - -
order to comply with the statutory reserve requirement (if any).
5 Adjustments for fiduciary assets that are recognised as a component of the statement of financial position - -
based on financial accounting standards but are excluded from the calculation of total exposure in the
Leverage Ratio.
6 Adjustments for the value of the regular purchase or sale of financial assets using the trading date - -
accounting method
7 Adjustments for the value of cash pooling transaction that meet the requirements stipulated in the - -
Financial Services Authority Regulation
8 Adjustments for the value of derivative transaction exposure 2,923,791 2,923,791
9 Adjustments for the value of SFT exposure, such as reverse repo transactions (50) (50)
10 Adjustments for the value of TRA exposure that has been multiplied by the FKK 5,400,815 5,400,815
11 Adjustments for prudential assessment in the form of capital deduction factor and CKPN (4,886,866) (4,666,685)
12 Other adjustments - -
13 Total exposure in the calculation of Leverage Ratio 165,222,037 179,073,495
Qualitative Analysis
Individual
There was an increase of total exposure in the calculation of Leverage Ratio due to the increase in total assets compared to the previous period,
by Rp999,687 million.
Consolidated
There was an increase of total exposure in the calculation of Leverage Ratio due to the increase in total assets compared to the previous period,
by Rp1,669,263 million
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
L.2: LEVERAGE RATIO
Report of Leverage Calculation
Name Bank : PT Bank Maybank Indonesia Tbk
Report Position : December 2023
No Description
On-Balance Sheet Exposure
1 On-balance sheet exposure including collateral, but excluding derivatives and securities financing transaction (SFTs)
(gross value before deducting impairment provisions)
2 Gross-up for derivatives collateral provided where deducted from balance sheet assets pursuant to the accounting standard.
3 (Deductions of receivable assets for CVM 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 accounting standard applied)
6 (Asset amounts deducted in determining Basel III Tier 1 capital and regulatory adjustments)
7 Total On-Balance Sheet Exposure
Sum of rows 1 to 6
Derivative Exposure
8 Replacement cost associated with all derivatives transactions (where applicable net of eligible cash variation margin and/or with bilateral netting)
9 Add on amounts for PFE associated with all derivatives transactions.
10 (Exempted central counterparty (CCP) leg of client-cleared trade exposures)
11 Adjusted effective notional amount of written credit derivatives.
12 (Adjusted effective notional offsets and add-on deductions for written credit derivatives)
13 Total Derivative Exposure
Sum of rows 8 to 12
Securities Financing Transaction (SFT) Exposure
14 Gross SFT Assets.
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.
17 Agent transaction exposures.
18 Total SFT Exposure
Sum of rows 14 to 17
Other Off-Balance Sheet Exposure
19 Off-balance sheet exposure at gross notional amount.
(gross value before deducting impairment provision)
20 (Adjustment from the result of multiplying commitment payable or contingent payables with credit conversion factor and deducted with impairment
provision)
21 (Impairment provision for off balance sheet inline with accounting standard)
22 Total Other Off-Balance Sheet Exposure
Sum of rows 19 to 21
Capital and Total Exposure
23 Tier 1 Capital
24 Total Exposure
Sum of rows 7,13,18,22
Leverage Ratio
25 Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves)
25a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves)
26 National Minimum Leverage Ratio Requirement
27 Applicable Leverage Buffer
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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(in million Rupiah)
Individual Consolidation
31 December 2023 30 September 2023 31 December 2023 30 September 2023
156,418,332 157,317,138 170,049,609 170,278,839
- - - -
(80,588) (1,762) (80,588) (1,762)
- - - -
(3,338,942) (3,391,073) (3,612,504) (3,694,446)
(1,547,924) (1,482,336) (1,054,181) (940,826)
151,450,878 152,441,967 165,302,336 165,641,805
1,065,231 805,974 1,065,231 805,974
2,921,041 2,223,466 2,921,041 2,223,466
N/A N/A N/A N/A
- - - -
- - - -
3,986,272 3,029,440 3,986,272 3,029,440
4,384,072 2,668,704 4,384,072 2,668,704
- - - -
- - - -
- -
4,384,072 2,668,704 4,384,072 2,668,704
36,322,859 35,720,351 36,322,859 35,720,351
(30,801,845) (30,460,126) (30,801,845) (30,460,126)
(120,199) (109,470) (120,199) (109,470)
5,400,815 5,150,755 5,400,815 5,150,755
23,765,500 23,353,818 28,581,706 28,023,942
165,222,037 163,290,866 179,073,495 176,490,704
14.38% 14.30% 15.96% 15.88%
14.38% 14.30% 15.96% 15.88%
3.00% 3.00% 3.00% 3.00%
N/A N/A N/A N/A
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Highlights Report Profile and Analysis
Name Bank : PT Bank Maybank Indonesia Tbk
Report Position : December 2023
No Description
Disclosures of Mean Values
28 Mean value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables.
29 Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables.
30 Total exposures (including the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT assets.
30a Total exposures (excluding the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT asset.
31 Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT assets.
31a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT assets.
Qualitative Analysis
Individual
Fulfillment of the Leverage Ratio as of 31 December 2023 is 14.38%, still above the stipulated provisions of 3%. The largest component of core capital was obtained
from agio amounting to Rp6,357,376 million and past years’ profit amounting to Rp11,458,666 million. The largest total exposure comes from loans disbursement
amounting to Rp102,381,369 million and marketable securities portfolio amounting to Rp30,181,817 million.
Consolidated
Fulfillment of the Leverage Ratio as of 31 December 2023 is 15.96%, still above the stipulated provisions of 3%. The largest component of core capital was obtained
from agio amounting to Rp6,357,376 million and past years’ profit amounting to Rp15,380,859 million. The largest total exposure comes from loans disbursement
amounting to Rp116,002,006 million and marketable securities portfolio amounting to Rp30,030,868 million.
W: CREDIT RISK
Qualitative Disclosure of Counterparty Credit Risk (CCRA)
QUALITATIVE CCRA:
The Bank uses the Standard Approach Method to get the amount of Derivative Transaction net receivables for the calculation of RWA
in Credit Risk, pursuant to Financial Services Authority Circular Letter No. 48/SEOJK.03/2017. The calculation of RWA in Counterparty
Credit Risk under Derivative Transactions Standard Approach Method calculates both the Banking Book and Trading Book using the
Replacement Cost calculation method for non-margin derivative transactions.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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(in million Rupiah)
Individual Consolidation
31 December 2023 30 September 2023 31 December 2023 30 September 2023
2,846,269 3,055,456 2,846,269 3,055,456
4,384,072 2,668,704 4,384,072 2,668,704
163,684,234 163,677,618 177,535,692 176,877,456
163,684,234 163,677,618 177,535,692 176,877,456
14.52% 14.27% 16.10% 15.84%
14.52% 14.27% 16.10% 15.84%
X: CREDIT RISK
Counterpary Credit Risk Exposure Analysis (CCR1)
(in million Rupiah)
December 31, 2023 December 31, 2022
a b c d e f a b c d e f
Potential Alpha used Potential Alpha used
Replacement Future to calculate Net Replacement Future to calculate Net
EEPE RWA EEPE RWA
Cost (RC) Exposure regulatory Receivables Cost (RC) Exposure regulatory Receivables
(PFE) EAD (PFE) EAD
1 SA-CCR (for 760,879 2,086,458 1.4 3,986,272 1,903,463 520,130 715,479 1,4 1,729,853 905,089
derivative)
2 Internal model N/A N/A N/A N/A
method (for
derivative and
SFTs)
3 Simple N/A N/A N/A N/A
approach for
credit risk
mitigation (for
SFTs)
4 Comprehensive 0 0 0 0
approach for
credit risk
mitigation (for
SFTs)
5 VaR for SFTs N/A N/A N/A N/A
6 Total 1,903,463 905,089
Qualitative Analysis
Pursuant to 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.
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Z: CREDIT RISK
CCR Exposure based on Portfolio Category and Risk Weighting (CCR3)
December 31, 2023
Weighted Risk a b c d e f
No.
Portfolio Category 0% 10% 20% 30% 40% 50% 75% 85% 100%
1 Receivables on 397,285 0 0 0 0 0 0 0 0
sovereigns
a. Receivables 397,285 0 0 0 0 0 0 0 0
on sovereigns
Indonesia
b. The Government 0 0 0 0 0 0 0 0 0
of other
soverigns
2 Receivables on public 0 0 0 0 0 0 0 0 0
sector entities
3 Receivables 0 0 0 0 0 0 0 0 0
on multilateral
development banks
and international
institutions
4 Receivables on banks 0 0 336,503 353,417 1,026,105 292,486 0 0 135,721
a. Short Term 0 0 100,076 0 0 8,879 0 0 0
Receivables
b. Long Term 0 0 236,427 353,417 1,026,105 283,607 0 0 135,721
Receivables
5 Receivables 0 0 47,650 55,806 0 0 32,477 0 0
to Securities
Companies and
Other Financial
Services Institutions
a. Short Term 0 0 0 0 0 0 0 0 0
Receivables
b. Long Term 0 0 47,650 55,806 0 0 32,477 0 0
Receivables
6 Receivables on 0 0 0 0 0 0 84,877 678 140,593
micro, small business
& retail portfolio
7 Receivables on 0 0 335,372 0 0 41,852 0 74,505 630,946
corporate
TOTAL 397,285 0 719,525 409,223 1,026,105 334,338 117,354 75,183 907,259
AA: CREDIT RISK
Net Receivables Credit (CCR6)
(in million Rupiah)
December 31, 2023 December 31, 2022
a b a b
No. Description
Protection Protection Protection Protection
Bought Sold Bought Sold
NOTIONAL VALUES
1 Forward 2,455,489 1,624,386 3,900,079 1,442,492
2 Future 0 0 856,213 5,215,113
3 Option 940,438 940,438 416,066 416,066
4 Spot 2,358,705 579,342 2,381,221 1,516,294
TOTAL NOTIONAL VALUES 5,754,632 3,144,166 7,553,579 8,589,965
FAIR VALUES
1 Fair values positive 46,917 34,745 29,022 65,940
2 Fair values negative 112,970 47,631 122,582 52,100
TOTAL FAIR VALUES 159,887 82,376 151,604 118,040
Qualitative Analysis
The largest change in notional value was the decline in protection sold and protection purchased on futures transactions, and the decline in notional value of
protection sold on spot transactions. In positive fair value (assets) there was an increase in protection purchased
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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(in million Rupiah)
December 31, 2022
g h a b c d e f g h
Total Net Total Net
150% 0% 10% 20% 50% 75% 100% 150%
receivables receivables
0 397,285 78,154 0 0 0 0 0 0 78,154
0 397,285 78,154 0 0 0 0 0 0 78,154
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 2,144,232 0 0 433,210 460,152 0 28 0 893,390
0 108,955 0 0 179,054 0 0 0 0 179,054
0 2,035,277 0 0 254,156 460,152 0 28 0 714,336
0 135,933 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 135,933 0 0 0 0 0 0 0 0
0 226,148 0 0 0 0 9,034 0 0 9,034
0 1,082,675 0 0 180,468 46,665 0 522,141 0 749,274
0 3,986,272 78,154 0 613,678 506,817 9,034 522,169 0 1,729,853
BB: CREDIT RISK
Qualitative Disclosure of Securitisation Exposures (SECA)
Qualitative Analysis
NIL (-)
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Highlights Report Profile and Analysis
CC: CREDIT RISK
Securitisation Exposure Components in the Banking Book (Tabel SEC1)
a b c e f g i j k
Bank as originator Bank as Sponsor Bank as Investor
Traditional Synthetis Subtotal Traditional Synthetis Subtotal Traditional Synthetis Sub-total
1 Retail (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Mortgage loan
b. Credit card
c. Others retail exposure
d. Re-securitisation
2 Wholesale (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Corporate Loan
b. Commercial Loan
c. Rent and Account
Receivable
d. Other Wholesale
e. Re-securitisation
Qualitative Analysis
NIL
EE: CREDIT RISK
Securitisation exposure in the banking book and related to it’s Capital Requirements -
Bank acting as originator or sponsor (SEC3)
a b c d e f g h
Exposure Value (by Risk Weighting) Exposure Values (by Regulatory Approach)
>50% to >100% to
≤20% >20% to 50% 1.250%
100% <1.250%
Weighted Weighted Weighted IRB RBA IRB SFA SA/SSFA
Weighted Weighted
Risk Risk Risk
Risk Risk
Total Exposure (-) (-) (-) (-) (-) (-) (-) (-)
1 Traditional Securitisation
a. Where underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
2 Synthesis Securitisation
a. Where the underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
Qualitative Analysis
NIL
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DD: CREDIT RISK
Securitisation Exposure Components in the Trading Book (Table SEC2)
a b c e f g i j k
Bank as originator Bank as Sponsor Bank as Investor
Traditional Synthetis Subtotal Traditional Synthetis Subtotal Traditional Synthetis Sub-total
1 Retail (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Mortgage loan
b. Credit card
c. Others retail exposure
d. Re-securitisation
2 Wholesale (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Corporate Loan
b. Commercial Loan
c. Rent and Account
Receivable
d. Other Wholesale
e. Re-securitisation
Qualitative Analysis
NIL
i j k l m n o p q
ATMR (by Regulatory Approach) Capital Charge after Cap
1.250% IRB RBA IRB SFA SA/SSFA 1.250% IRB RBA IRB SFA SA/SSFA 1.250%
(-) (-) (-) (-) (-) (-) (-) (-) (-)
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FF: CREDIT RISK
Securitisation Exposure in the banking book and its capital requirements - Bank acting as Investor (SEC4)
a b c d e f g h
Exposure Value (by Risk Weighting) Exposure Values (by Regulatory Approach)
>50% to >100% to
≤20% >20% to 50% 1.250%
100% <1.250%
Weighted Weighted Weighted IRB RBA IRB SFA SA/SSFA
Weighted Weighted
Risk Risk Risk
Risk Risk
Total Exposure (-) (-) (-) (-) (-) (-) (-) (-)
1 Traditional Securitisation
a. Where underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
2 Synthesis Securitisation
a. Where the underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
Qualitative Analysis
NIL
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i j k l m n o p q
ATMR (by Regulatory Approach) Capital Charge after Cap
1.250% IRB RBA IRB SFA SA/SSFA 1250% IRB RBA IRB SFA SA/SSFA 1.250%
(-) (-) (-) (-) (-) (-) (-) (-) (-)
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CRA: MARKET RISK
General Qualitative Disclosure of Credit Risk
BUSINESS MODEL 2. Credit Disbursement Strategy in CFS Banking
The Bank focuses its credit disbursement to sectors deemed a. Focus on accelerating growth in the CFS Non Retail
“attractive” in line with the established risk posture, and include segment (RSME and SME+) and selective growth in
sectors that are the backbone of national economic growth. the Business Banking segment by increasing frontliner
The Global Banking and CFS Banking segments are expected productivity through implementing the “Hunter &
to contribute significant to credit growth in 2023. The Bank’s Farmer” model, as well as improving the credit process
strategy for growing its credit during 2023 is as follows: through automation and reducing turn around time (TAT)
1. Credit Disbursement Strategy in Global Banking b. The KPR segment will focus on primary market
a. Increasing the profitability of the Global Banking acquisitions (10 large developers in 16 cities) as well as
segment credit portfolio, especially by rearranging target expanding portfolio growth in the secondary segment
segmentations and focusing on solutions to customer using new RAC, accelerated credit approval programs
needs as well as increasing the customer base. and partnership collaboration with selective property
b. Focusing on sectors that have better profitability and agents.
provide a fairly high business flow to the Bank as well c. Car Financing (KPM) will focus on financing new cars
as building frontliner capabilities in terms of “industry for the upper middle segment as well as focusing on
experts” financing electric cars.
a) Large Corporate (LLC) Segment: Palm Oil, d. Motorbike financing (2 Wheeler) will focus on improving
Telco, FMCG, Automotive, Chemical Industry, business processes through digitalisation processes
Pharmaceuticals, etc as well as carrying out digital campaign & marketing
b) BUMN Segment (SOE): Pharmacy, Mining and Energy processes to increase sales.
Industry (Power) e. Expanding the credit card business with a focus on
c) FIG Segment: Focuses on large multi-finance customers’ main spending categories in order to increase
companies, securities and fintech, and BPR. sales volume (billing), especially for large e-commerce
c. Focusing on obligor groups to accelerate penetration to such as Tokopedia, and launching electronic credit cards
strategic customers. for the Young Professional & Young Families segment as
d. Offering interest rate swap products or refinancing of well as digital signatures.
term loans with a fluctuating interest rate (floating rate) f. Expansion of portfolio growth for the personal loan
to a fixed interest rate (fixed rate). segment by topping up customers who have good credit
e. Accelerating the credit approval process through quality.
empowering and increasing the capabilities of front
liners in carrying out more in-depth credit analysis as The non-retail segment includes credit sourced from the
well as adding credit approval committee schedules, target market, with a diverse and complex nature, thus
focusing on strengthening the account planning process requiring a more in-depth risk analysis, and determining
to identify customer needs. the appropriate facility structure and covenants. Generally,
f. Collaborating with Transaction Banking, Global Market, debtors in this segment are corporate/commercial, Financial
and Sharia Unit to provide and offer “Synthetic financing” Institutions (“LK”)/Non-Bank LK (“LKBB”), and Sovereign.
to customers at more competitive prices.
g. Re-mapping the FSCM (Financial Supply Chain The credit process in this segment begins with a target
Management) as part of the Transaction Banking market analysis based on industry studies by paying
ecosystem to provide integrated financing solutions to attention to industry limits to manage credit concentration
customers (end to end ecosystem financing). risk in each industry group and also functions as a control
h. Playing an active role in helping customers transition to medium that ensures the provision of funds in accordance
sustainable financing practices as part of the Bank’s ESG with the predetermined target market. Next, credit initiation
roadmap is carried out, followed by a credit analysis process which
includes quantitative, qualitative analysis, as well as analysis
of the collateral/guarantee, which is then continued with
a review process and decision making using the four-eyes
principle which involves the business function and review
function. Continuous management of accounts is carried
out through regular monitoring and reviews with the help of
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various supporting tools, so that immediate follow-up can be Risk Appetite Statements (RAS) are a comprehensive description
carried out on these accounts. of the risk appetite for all material risks inherent in the Bank’s
activities. Risk Appetite Statements (RAS) translate risk appetite
Meanwhile, the retail credit process moves in a systemised into risk limits and controls to manage risk exposure originating
manner by relying on data from the Credit Bureau, SLIK and from the Bank’s business activities.
Scoring Model as well as risk cut offs which are formed based
on the results of Portfolio Analytics. The credit process is Regarding credit risk limits, the Bank has a Credit Committee
directed towards automation and is increasingly moving that is responsible for, among others:
towards digitalisation to reduce manual judgment and the 1. Evaluating and making decisions for loan proposals.
potential for human error in the process. This is due to the 2. Reviewing the disbursement plan which is linked to the
nature of the mass market and population segmentation Bank’s liquidity adequacy.
assessment from Retail Credit Risk Supervision. 3. Reviewing limits, internal ratings, and others related to the
Bank’s assets.
Therefore, in managing retail credit risk, the Bank continues
to pursue the development of data science, as we have done CREDIT RISK MANAGEMENT STRUCTURE
so far. The aim is to be more precise in establishing the Retail AND ORGANISATION
Credit Risk Supervision process, which includes the following In terms of credit risk management, the Bank has a credit policy
components:: architecture that can be used as a guideline in the context of
a. Population and Segmentation movement Analytics, standardising policies, provisions and procedures at each stage
which is used for in-depth analysis of the quality of the credit process as below:
movement of each product as well as profiling behavior
of population segments,
Credit Risk Framework (KKRK)
b. Continue Model assessment, to see whether the current
model is still applicable or whether recalibration or
model re-development must be carried out,
Level 2A
c. Product assessment against target market, Credit/Financing Policy per Business Segment
d. Efforts for Digitalisation directed towards developing AI
Modeling as a future goal, Level 2B
e. Improvement on customer experience without sacrificing Credit Underwriting Standard (CUS) & Product Development
Assessment (PDA)
predetermined Risk Appetite.
Level 3
ADEQUACY OF RISK MANAGEMENT Credit Policy
POLICIES, PROCEDURES AND LIMIT
DETERMINATION
Effective implementation of Risk Management must be 1. Credit Risk Framework (KKRK) – is the primary or umbrella
supported by a framework that includes Risk Management policy for credit that regulates general policies that must
policies and procedures as well as clearly defined risk limits, and be implemented bankwide and as a basis for determining
is in line with the Bank’s vision, mission and business strategy. derivative policies.
The preparation of Risk Management policies and procedures is 2. Credit/Financing Policy per Business Segment, CUS & PDA -
carried out by taking into account, among other things, the type is a credit policy that regulates Business Segmentation/Cross
and complexity of business activities, risk profile and level of risk Work Units/Program Products and is derived from the Credit
to be taken, as well as regulations set by the authorities and/ Risk Framework (KKRK).
or sound banking practices. In addition, the implementation of 3. Credit Procedures - are implementation instructions that
the Bank’s Risk Management policies and procedures must be contain written guidelines that regulate in detail regarding
supported by adequate capital and quality human resources. Credit Operational Procedures, Work Guidelines, Program
Product Transactions, including but not limited to control
The Bank’s policies and procedures are designed and activities in each work unit function related to credit.
implemented by taking into account the characteristics and
complexity of business activities, the level of risk to be taken and
risk tolerance, risk profile and regulations set by the authorities
and/or sound banking practices.
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CREDIT RISK MANAGEMENT, RISK CONTROL, the industry Risk Acceptance Criteria (RAC), which has been
COMPLIANCE AND INTERNAL AUDIT designed for several specific industries as an initial filter in
FUNCTIONS the credit granting process. Furthermore, the Credit Risk
Credit risk can arise from various banking functional activities, Management Unit provides recommendations on the feasibility
such as risks arising from lending/financing to debtors/ of the proposal and, if necessary, provides additional conditions/
customers, as well as from treasury, investment and trade requirements to mitigate potential credit risks that may arise
financing activities. from the granting of credit. Recommendations for credit
applications are forwarded by the Credit Risk Management Unit
In order to mitigate the potentially large impact, the Bank must to the Credit Committee Meeting.
manage credit risk well at the debtor level and at the portfolio
level in all of the Bank’s functional activities. In addition to Credit applications below a certain amount are handled directly
account monitoring carried out by the Business Unit on a daily by the Business Unit in accordance with the delegation of
basis, the Risk Management Work Unit also manages credit risk authority given. Credit approval authority held by business
separately, both functionally and organisationally to ensure the units is reviewed periodically and evaluated based on criteria
integrity of the risk assessment process. recommended by the Credit Risk Management Unit and
discussed further to obtain approval from the Committee/
Through a strong credit culture that include clear credit authorised officials.
policies, comprehensive credit evaluation and good portfolio
management, the Bank continuously evaluates portfolio credit In addition to providing recommendations in the credit
risk and reviews it with business units together with the risk application process, the Credit Risk Management Unit also
management unit and is actively supervised by management. monitors credit quality for the Bank’s entire non-retail portfolio
Furthermore, with the aim of increasing credit competency and by paying attention to early indications of a possible decline
ensuring credit staff’s understanding of applicable credit policies, in credit quality which could be caused by changes in market
the Risk Management Work Unit related to Credit continuously conditions, industry outlook, macroeconomics and regulations.
holds credit analysis training and socialisation of credit policies,
as well as implementing e-learning related to credit policies, both The Credit Risk Management Unit also ensures that the Business
at the head office and branches. The work unit also periodically Unit monitors the conformity of credit classification with the
invites industry practitioners as speakers to provide the latest debtor’s condition on a regular basis through a mechanism called
information regarding the condition of the industries that are the the Early Alert Mechanism (EAM), which is a method of early
Bank’s focus. detection of customer conditions through a series of questions
called an early alert checklist that must be assessed by the
In its aim to provide better and more effective services, as well Business Unit when conducting a business visit.
as to support healthy business growth and generate sustainable
profits while maintaining the principle of prudence, the Credit The results of these business visits are compiled via web-based
Risk Management Unit in collaboration with the Business Unit media (the Call Report system) and can be processed and then
perfects credit/financing policies to ensure management better followed up by both the Business Unit and the Credit Risk
credit risk, evaluate the limits of credit approval authority, Management Unit to monitor any indications of deterioration
and ensure that credit underwriting, evaluation and credit risk in customer credit quality, as well as to propose steps to follow
mitigation processes are carried out in accordance with these up on these conditions. Monitoring is also carried out through a
credit policies. past-due monitoring mechanism where debtors who experience
delays in paying their obligations can be followed up as soon as
Within the Business Unit, an Embedded Risk Unit (ERU) has possible as a first step. Apart from that, to further improve the
also been established to strengthen the management of daily credit quality monitoring process, the Credit Risk Management
risks inherent in the business and/or its activities through Unit has also formed an Asset Quality Committee whose
effective implementation and compliance with risk management function is to discuss the condition of accounts and decide on
frameworks, policies, procedures and controls. action plans to mitigate the impact of credit risk.
An effective credit approval process has enabled an optimal To optimise the risk control process, the Risk Management Unit
credit decision process through delegation of credit approval related to Credit constantly reviews, develops and improves
authority to branches, regional offices and head office. the systems and tools used as risk monitoring tools periodically
every year. As a tool to maximise the process of evaluating,
The Credit Risk Management Unit carries out an independent monitoring and controlling credit risk, a web-based media has
evaluation of each credit proposal submitted by a Business unit been developed called the Monitoring and Tracking system
in a certain amount, both per debtor and per group of debtors, (abbreviated as MTREX).
to ensure that all risks have been identified and mitigated. At
this evaluation stage, the Risk Management Unit also uses
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Credit risk management for the retail segment is also carried In addition, from a compliance perspective, the Compliance Work
out through the Loan Origination System (LOS) for each Unit continues to review, provide advice, review and ensure
product where the parameters and criteria for each product are that all Bank policies and procedures meet applicable regulatory
implemented in a system managed and regulated by the risk requirements. The Compliance Work Unit routinely carries out a
management unit. Compliance Plan Self Assessment (CPSA) every 6 (six) months to
measure the level of compliance of all Branch Office work units,
Apart from that, specifically, the Bank also manages counterparty as well as conducting compliance testing at branch offices/work
credit risk (CCR), which is credit risk exposure for transactions units.
in the Global Market (Treasury) with other parties, both related
to pre-settlement risk (PSR) and/or credit risk due to settlement The internal control system in implementing risk management
failure (settlement risk). includes:
a. Suitability between the internal control system and the type
The principles of CCR management begin with the establishment and level of risk inherent in the bank’s business activities.
of effective governance, such as the availability of policies and b. Determination of authority and responsibility for monitoring
job descriptions, responsibilities and authority of all stakeholders compliance with policies, procedures and limits.
(committees, risk taking units, risk management units and other c. Establishment of reporting lines and clear separation of
units involved, including the Internal Audit Work Unit/ SKAI) in functions from operational work units to work units that
detail. Then it is supported by a strong risk management process carry out control functions.
such as identification, risk measurement through determining d. An organisational structure that clearly describes the duties
PSR and limits as well as monitoring and reporting processes for and responsibilities of each unit and individual.
risk exposure. e. Business units are required to submit reports or information
regarding risk exposure managed by the business unit
PSR is the risk where the counterparty experiences failure before concerned to the Risk Management Work Unit on a regular
settlement, thereby terminating the contract prematurely. PSR basis. Accurate and timely financial reporting and operational
can give rise to the risk of replacement costs, which are potential activities.
costs to replace previous transactions, which arise from market
price fluctuations and are generally a certain percentage of the Another mitigation effort is by involving the Internal Audit
nominal transaction. Work Unit (SKAI) to provide reasonable assurance through
independent assessment, review and validation.
PSR Factors are calculated based on the movement or volatility
of market prices (exchange rates, interest rates) from historical INFORMATION ON CREDIT RISK
data for the past year using certain confidence intervals, and are EXPOSURE REPORTING AND CREDIT
determined for each product or financial instrument, currency, RISK MANAGEMENT FUNCTIONS TO THE
and transaction period. The value of PSR factor will be reviewed BOARD OF DIRECTORS AND BOARD OF
periodically or if there are significant changes or movements in COMMISSIONERS
market prices. It has been regularly reported on the Risk Management
Committee (RMC) or Risk Oversight Committee (ROC) agenda.
Settlement Risk is the risk that transaction settlement fails
to be carried out on the settlement date, which is influenced
by settlement arrangements such as time of value exchange,
payment mechanism, role of intermediaries and clearing house.
The amount of risk is calculated as the full payment amount on
a certain settlement date. Determining daily settlement limits
is used to limit the amount of settlement in one day from a
counterparty.
Settlement risk is mitigated through transaction settlement
mechanisms such as Good Fund Basis, Payment versus Payment
(PvP) or Delivery versus Payment (DvP). Apart from that,
the Bank also develops and supervises collateral or margin
determination in derivative transactions as an effort to mitigate
CCR risk.
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CR1: MARKET RISK
Disclosure of Credit Quality over Asset
1. Bank only
Gross Carrying Value
Past Due Receivables Non Past Due Receivables
a b
1 Credit 3,041,639 99,951,425
2 Securities 0 29,267,341
3 Other Off-Balance Sheet 1,412 36,321,448
4 TOTAL 3,043,051 165,540,214
2. Bank Consolidated with Subsidiaries
Gross Carrying Value
Past Due Receivables Non Past Due Receivables
a b
1 Credit 3,198,320 113,413,639
2 Securities 0 29,114,483
3 Other Off-Balance Sheet 1,412 36,321,448
4 TOTAL 3,199,732 178,849,570
3. Additional Disclosures
The Bank defines matured receivables as receivables where the debtor is unable to meet payments according to the contract terms, while receivables
are impaired when a receivable experiences a significant increase in credit risk, resulting in objective evidence of impairment, including contractual
payment arrears exceeding 90 days, having an internal default rating, collectability that has become non-performing loans (NPLs), and when
restructuring occurs due to increased credit risk.
In accordance with SE OJK No. 24/03/2021, the allowance for impairment loss (CKPN) taken into account in the calculation of net claims are Stage 2 and
Stage 3 CKPN.
The Bank defines past due claims as those claims where the indebted party is unable to meet the payment according to the contractual requirements,
while claims that experience an impairment are those claims that has a significant increase in credit risk resulting in objective evidence of impairment,
including arrears in contractual payments that exceeds 90 days, has an internal default rating, collectibility status as NPL, and when there is a credit
restructuring due to an increase in credit risk.
In accordance with OJK Circular Letter No. 24/03/2021, the CKPN considered in the calculation of net receivables are CKPN stage 2 and stage 3.
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(in million rupiah)
Allowance for Allowance for impairment losses Allowance for Net Receivables
impairment losses Stage 2 & Stage 3 Stage 1 impairment losses (a+b-d)
c d e f g
3,378,976 2,329,878 1,049,098 100,663,186
397 0 397 29,267,341
116,061 23,362 92,699 36,299,498
3,495,434 2,353,240 1,142,194 166,230,025
(in million rupiah)
Allowance for Allowance for impairment losses Allowance for Net Values
impairment losses Stage 2 & Stage 3 Stage 1 impairment losses (a+b-d)
c d e f g
3,651,241 2,462,384 1,188,857 114,149,575
397 0 397 29,114,483
116,061 23,362 92,699 36,299,498
3,767,699 2,485,746 1,281,953 179,563,556
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CR2: MARKET RISK
Disclosures of Past Due Credit and Securities Movements
1. Bank only (in million rupiah)
a
1 Past Due Credit and Securities in prior reporting 3,217,737
2 Past Due Credit and Securities since prior reporting 79,377
3 Credit and Securities Restated to Not Past Due Receivables 38,850
4 Written-Off 215,213
5 Other Changes 0
6 Past Due Credit and Securities for end of reporting period (1+2-3-4+5) 3,043,051
2. Bank Consolidated with Subsidiaries (in million rupiah)
a
1 Past Due Credit and Securities in prior reporting 3,271,639
2 Past Due Credit and Securities since prior reporting 184,292
3 Credit and Securities Restated to Not Past Due Receivables 40,986
4 Written-Off 215,213
5 Other Changes 0
6 Past Due Credit and Securities for end of reporting period (1+2-3-4+5) 3,199,732
3. Additional Disclosure
The mutation data for Subsidiaries based on the latest quarterly reporting data as of March 2023, shows an increase in matured credits and securities
compared to the previous reporting period, compared to those that revert to outstanding receivables. The book value write-off is the value written off
only in the reporting month period.
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CRB (A): MARKET RISK
Additional Qualitative Disclosure related to the quality of credit on Assets
The Bank defines matured receivables as receivables where the debtor is unable to meet payments according to contract terms, while
receivables experiencing impairment occur when a receivable undergoes a significant increase in credit risk, resulting in objective
evidence of impairment. This includes contractual payment arrears exceeding 90 days, having an internal default rating, non-performing
collectability, and when restructuring occurs due to increased credit risk.
In calculating CKPN, the Bank adheres to PSAK 71, which is the accounting standard governing the recognition and measurement of
financial instruments implemented in accordance with the Bank’s internal policies for measuring, monitoring, and managing its financial
assets. The Bank establishes CKPN, which is the expected credit loss of financial assets for 12 months or their entire life, based on the
staging of each financial asset owned, with an approach that includes:
- Collective approach for a portfolio of financial assets that are not individually significant but have similar credit risk characteristics
and are homogenous, as well as individually significant financial assets that do not have objective evidence of impairment.
- Individual approach for individually significant financial assets with objective evidence of impairment.
In calculating using the collective approach, the Bank groups portfolios of financial assets with similar risk characteristics. For most of
the financial asset portfolios held, the Bank uses leverage from Basel models (PD (Probability of Default), LGD (Loss Given Default),
EAD (Exposure at Default)) adjusted to PSAK 71. PD, LGD, and EAD are built based on statistical models from historical data for each risk
group. Statistical methods used include Cohort, Vintage, and Migration methods.
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CRB (B.1): MARKET RISK
Disclosure of Net Receivables by Region
(1) Bank Only
Net Receivable by region
No. Portfolio Category
Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns 0 0 0 36,893,853 0
2 Receivables to Public Sector Entities 2,342,838 0 392,169 5,311,310 0
Receivables to Multilateral Development Banks and International
3 0 0 0 0 0
Institutions
4 Receivables on Banks 12,238 742,703 96,562 6,787,796 5,360
5 Receivables by Covered Bond 0 0 0 0 0
Receivables to Securities Companies and Other Financial Services
6 54,490 0 0 10,606,242 852,275
Institutions
Receivables in the Form of Subordinated Securities, Equity, and
7 0 0 0 8,289 0
Other Capital Instruments
8 Loans Secured by Residential Property 1,076,358 634,329 1,447,688 2,073,536 1,804,824
9 Loans Secured by Commercial Property 2,862,461 1,453,780 1,138,292 2,868,664 1,651,129
10 Credit for Land Acquisition, Soil Processing, and Construction 0 0 0 0 0
11 Employee/Retiree Loans 0 0 0 0 0
12 Receivables on Micro Business, Small Business and Retail Portfolio 2,014,002 1,040,550 986,301 2,068,687 1,736,575
13 Receivables on Corporates 3,814,674 287,717 798,770 8,400,533 2,407,389
14 Past Due Receivables 149,564 75,373 151,490 154,433 152,806
15 Other Assets 404,049 228,060 292,660 4,604,355 496,305
TOTAL 12,730,674 4,462,512 5,303,932 79,777,698 9,106,663
(2) Bank Consolidated with Subsidiaries
Net Receivable by region
No. Portfolio Category
Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns 0 0 0 36,893,853 0
2 Receivables to Public Sector Entities 2,342,838 0 392,169 5,311,310 0
Receivables to Multilateral Development Banks and International
3 0 0 0 0 0
Institutions
4 Receivables on Banks 12,238 742,703 96,960 6,911,562 5,360
5 Receivables by Covered Bond 0 0 0 0 0
Receivables to Securities Companies and Other Financial Services
6 54,490 0 0 10,213,328 850,099
Institutions
Receivables in the Form of Subordinated Securities, Equity, and
7 0 0 0 167,793 0
Other Capital Instruments
8 Loans Secured by Residential Property 1,076,358 634,329 1,447,688 2,073,536 1,804,824
9 Loans Secured by Commercial Property 2,862,461 1,453,780 1,138,292 2,868,664 1,651,129
10 Credit for Land Acquisition, Soil Processing, and Construction 0 0 0 0 0
11 Employee/Retiree Loans 0 0 0 0 0
12 Receivables on Micro Business, Small Business and Retail Portfolio 2,901,806 1,551,971 7,332,688 2,580,395 2,461,000
13 Receivables on Corporates 3,914,189 407,842 834,205 8,749,114 4,484,727
14 Past Due Receivables 152,786 77,468 205,604 154,676 160,671
15 Other Assets 404,049 228,060 292,660 5,029,529 496,305
TOTAL 13,721,215 5,096,153 11,740,266 80,953,760 11,914,115
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31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
0 0 0 0 0 136,447 37,030,300
100,000 1,436,755 0 0 3,305,725 0 12,888,797
0 0 0 0 0 0 0
0 14,443 1 801,170 26,849 46,224 8,533,346
0 0 0 0 0 0 0
0 0 0 0 0 0 11,513,007
0 0 0 0 0 0 8,289
1,162,282 2,375,710 525,951 789,091 7,174,645 0 19,064,414
1,625,141 4,780,267 1,296,861 1,557,276 2,797,187 0 22,031,058
0 0 0 0 0 0 0
0 0 0 0 0 0 0
629,149 1,715,590 449,684 521,220 2,452,965 151,390 13,766,113
771,359 2,283,605 725,944 390,819 3,996,249 296,999 24,174,058
316,348 200,474 176,101 351,347 0 1,999,356
767,501 272,871 312,397 183,206 19,279 8,045,353
13,690,219 3,471,786 4,548,074 20,288,173 650,339 159,054,091
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
0 0 0 0 0 136,447 37,030,300
100,000 1,436,755 0 0 3,305,725 0 12,888,797
0 0 0 0 0 0 0
0 14,443 1 801,170 26,849 46,224 8,657,510
0 0 0 0 0 0 0
0 0 0 0 0 0 11,117,917
0 0 0 0 0 0 167,793
1,162,282 2,375,710 525,951 789,091 7,174,645 0 19,064,414
1,625,141 4,780,267 1,296,861 1,557,276 2,797,187 0 22,031,058
0 0 0 0 0 0 0
0 0 0 0 0 0 0
851,010 2,193,758 568,207 689,450 3,101,973 151,390 24,383,648
795,531 2,390,192 753,381 422,615 4,161,425 296,999 27,210,220
272,966 319,088 200,802 177,144 352,675 0 2,073,880
464,670 767,501 272,871 312,397 183,206 19,279 8,470,527
5,271,600 14,277,714 3,618,074 4,749,143 21,103,685 650,339 173,096,064
PT Bank Maybank Indonesia Tbk 2023 Annual Report 337
Page 340
338
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B.2): MARKET RISK
Disclosure of Net Receivables by Economic Sector
(1) Bank Only
Receivables
Receivables to to Securities
Multilateral Companies
Receivables to Receivables
Receivables on Development Receivables on and
No. Economic Sector Public Sector by Covered
Sovereigns Banks and Banks Other
Entities Bond
International Financial
Institutions Services
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
31 December 2023
1 Agriculture, Hunting and Fishery 0 0 0 0 0 0
2 Mining and Quarrying 0 304,888 0 0 0 0
3 Processing Industry 0 4,931,437 0 0 0 0
4 Electricity, Gas, Hot Air and Cold Air 0 1,586,525 0 0 0 0
5 Water Management, Waste Management, 0 0 0 0 0 0
Garbage Management and Recycling
6 Construction 0 5,335,235 0 0 0 0
7 Wholesale and Retail Trading; Motorcycle and 0 0 0 0 0 0
Automobile and Maintenance
8 Transportation & Warehouse 0 0 0 0 0 0
9 Accommodation and Restaurant 0 0 0 0 0 0
10 Information and Communication 0 0 0 0 0 0
11 Activities in Finance and Insurance 36,893,853 226,097 0 8,533,346 0 11,513,006
12 Real estate 0 0 0 0 0 0
13 Professional, Science, and Technical Activities 0 0 0 0 0 0
14 Activities in Lease and Lease without Option 0 0 0 0 0 0
Rights, Labor, Travel Agents, and Other Business
Support
15 Government, Defence, and Mandatory Social 0 0 0 0 0 0
Security
16 Education 0 0 0 0 0 0
17 Human Health and Social Activity 0 0 0 0 0 0
18 Arts, Entertainment, and Recreation 0 0 0 0 0 0
19 Activities in Other Services 0 0 0 0 0 0
20 Household Activities as Employer; 0 0 0 0 0 0
Activities which Generate Products or Services
by Household, Use for Fulfilling Self-Needs
21 Activities of International Agencies and Other 0 0 0 0 0 0
Extra-International Agencies
22 Household Activities 0 0 0 0 0 0
23 Non-Business 0 0 0 0 0 0
24 Others 136,447 504,616 0 0 0 0
TOTAL 37,030,300 12,888,798 0 8,533,346 0 11,513,006
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 341
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Receivables
Credit
in the Form of Receivables
for Land
Subordinated on Micro
Loans Secured Loans Secured Acquisition,
Securities, Employee/ Business, Receivables on Past Due
by Residential by Commercial Soil Other Assets
Equity, Retiree Loans Small Business Corporates Receivables
Property Property Processing,
and Other and Retail
and
Capital Portfolio
Construction
Instruments
(9) (10) (11) (12) (13) (14) (15) (16) (17)
0 89,938 554,486 0 0 21,923 483,685 25,608 0
0 2,909 49,243 0 0 2,345 3,485,420 2,315 0
0 776,839 7,019,313 0 0 216,743 7,690,896 321,498 0
0 16,130 79,529 0 0 0 479,493 0 0
0 1,793 130,925 0 0 93 999 0 0
0 339,924 650,943 0 0 86,591 2,140,589 114,339 0
0 2,778,066 8,008,455 0 0 833,037 3,558,767 707,365 0
0 116,646 388,034 0 0 51,231 118,989 21,075 0
0 109,774 595,078 0 0 55,766 23,527 28,287 0
0 92,014 104,782 0 0 41,215 692,287 12,940 0
0 0 6,884 0 0 8,630 300,025 2,035 0
0 410,329 1,764,831 0 0 221,568 1,291,571 19,958 0
0 103,953 279,836 0 0 60,626 196,150 30,568 0
0 169,558 569,774 0 0 100,504 947,572 23,921 0
0 0 0 0 0 0 0 0 0
0 9,016 10,872 0 0 6,233 5,057 934 0
0 19,437 69,895 0 0 5,641 2,610 1,375 0
0 29,983 68,005 0 0 24,063 3,113 7,354 0
0 5,717 15,767 0 0 86 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 13,992,386 1,664,409 0 0 12,029,168 1,707,432 652,240 0
0 0 0 0 0 1 0 2 0
8,289 0 0 0 0 649 1,045,876 27,541 8,045,350
8,289 19,064,412 22,031,061 0 0 13,766,113 24,174,058 1,999,355 8,045,350
PT Bank Maybank Indonesia Tbk 2023 Annual Report 339
Page 342
340
Main Management Company Management Discussion
Highlights Report Profile and Analysis
(2) Bank Consolidated with Subsidiaries
Receivables
Receivables to to Securities
Multilateral Companies
Receivables to Receivables
Receivables on Development Receivables on and
No. Economic Sector Public Sector by Covered
Sovereigns Banks and Banks Other
Entities Bond
International Financial
Institutions Services
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
31 December 2023
1 Agriculture, Hunting and Fishery 0 0 0 0 0 0
2 Mining and Quarrying 0 304,888 0 0 0 0
3 Processing Industry 0 4,931,437 0 0 0 0
4 Electricity, Gas, Hot Air and Cold Air 0 1,586,525 0 0 0 0
5 Water Management, Waste Management, 0 0 0 0 0 0
Garbage Management and Recycling
6 Construction 0 5,335,235 0 0 0 0
7 Wholesale and Retail Trading; Motorcycle and 0 0 0 0 0 0
Automobile and Maintenance
8 Transportation & Warehouse 0 0 0 0 0 0
9 Accommodation and Restaurant 0 0 0 0 0 0
10 Information and Communication 0 0 0 0 0 0
11 Activities in Finance and Insurance 36,893,853 226,097 0 8,657,510 0 11,117,917
12 Real estate 0 0 0 0 0 0
13 Professional, Science, and Technical Activities 0 0 0 0 0 0
14 Activities in Lease and Lease without Option 0 0 0 0 0 0
Rights, Labor, Travel Agents, and Other Business
Support
15 Government, Defence, and Mandatory Social 0 0 0 0 0 0
Security
16 Education 0 0 0 0 0 0
17 Human Health and Social Activity 0 0 0 0 0 0
18 Arts, Entertainment, and Recreation 0 0 0 0 0 0
19 Activities in Other Services 0 0 0 0 0 0
20 Household Activities as Employer; 0 0 0 0 0 0
Activities which Generate Products or Services
by Household, Use for Fulfilling Self-Needs
21 Activities of International Agencies and Other 0 0 0 0 0 0
Extra-International Agencies
22 Household Activities 0 0 0 0 0 0
23 Non-Business 0 0 0 0 0 0
24 Others 136,447 504,616 0 0 0 0
TOTAL 37,030,300 12,888,798 0 8,657,510 0 11,117,917
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 343
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Receivables
Credit
in the Form of Receivables
for Land
Subordinated on Micro
Loans Secured Loans Secured Acquisition,
Securities, Employee/ Business, Receivables on Past Due
by Residential by Commercial Soil Other Assets
Equity, Retiree Loans Small Business Corporates Receivables
Property Property Processing,
and Other and Retail
and
Capital Portfolio
Construction
Instruments
(9) (10) (11) (12) (13) (14) (15) (16) (17)
0 89,938 554,486 0 0 21,923 483,685 25,608 0
0 2,909 49,243 0 0 2,345 3,485,420 2,315 0
0 776,839 7,019,313 0 0 216,743 7,690,896 321,498 0
0 16,130 79,529 0 0 0 479,493 0 0
0 1,793 130,925 0 0 93 999 0 0
0 339,924 650,943 0 0 86,591 2,140,589 114,339 0
0 2,778,066 8,008,455 0 0 833,037 3,558,767 707,365 0
0 116,646 388,034 0 0 51,231 118,989 21,075 0
0 109,774 595,078 0 0 55,766 23,527 28,287 0
0 92,014 104,782 0 0 41,215 692,287 12,940 0
0 0 6,884 0 0 8,630 300,025 2,035 0
0 410,329 1,764,831 0 0 221,568 1,291,571 19,958 0
0 103,953 279,836 0 0 60,626 196,150 30,568 0
0 169,558 569,774 0 0 100,504 947,572 23,921 0
0 0 0 0 0 0 0 0 0
0 9,016 10,872 0 0 6,233 5,057 934 0
0 19,437 69,895 0 0 5,641 2,610 1,375 0
0 29,983 68,005 0 0 24,063 3,113 7,354 0
0 5,717 15,767 0 0 86 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 13,992,386 1,664,409 0 0 22,614,105 3,319,102 719,891 0
0 0 0 0 0 32,598 1,424,493 6,876 0
167,793 0 0 0 0 649 1,045,876 27,541 8,470,524
167,793 19,064,412 22,031,061 0 0 24,383,647 27,210,221 2,073,880 8,470,524
PT Bank Maybank Indonesia Tbk 2023 Annual Report 341
Page 344
342
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B.3): MARKET RISK
Disclosure of Net Receivables by Contractual Maturity
(1) Bank Only
31 December 2023
Net Receivables by Contractual Maturity
No. Portfolio Category
3 years to Non -
< 1 year 1 year to 3 years > 5 years Total
5 years Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 13,121,331 4,756,498 2,227,068 8,773,297 8,152,106 37,030,300
2 Receivables to Public Sector Entities 3,125,219 6,026,905 3,638,926 97,748 0 12,888,798
3 Receivables to Multilateral Development 0 0 0 0 0 0
Banks and International Institutions
4 Receivables on Banks 3,167,484 2,182,788 619,986 492,763 2,070,326 8,533,347
5 Receivables by Covered Bond 0 0 0 0 0 0
6 Receivables to Securities Companies 4,004,646 4,899,048 2,609,295 17 0 11,513,006
and Other Financial Services Institutions
7 Receivables in the Form of Subordinated 0 0 0 0 8,289 8,289
Securities, Equity, and Other Capital
Instruments
8 Loans Secured by Residential Property 3,758,656 1,119,074 2,074,739 12,111,946 0 19,064,415
9 Loans Secured by Commercial Property 13,797,433 1,995,920 2,853,721 3,383,985 0 22,031,059
10 Credit for Land Acquisition, Soil 0 0 0 0 0 0
Processing, and Construction
11 Employee/Retiree Loans 0 0 0 0 0 0
12 Receivables on Micro Business, Small 3,767,283 5,503,822 4,076,399 414,709 3,902 13,766,115
Business and Retail Portfolio
13 Receivables on Corporates 13,322,234 2,647,645 6,586,872 1,617,308 0 24,174,059
14 Past Due Receivables 1,010,389 191,749 158,753 638,381 83 1,999,355
15 Other Assets 0 0 0 0 8,045,350 8,045,350
TOTAL 59,074,675 29,323,449 24,845,759 27,530,154 18,280,056 159,054,093
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 345
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(2) Banks Consolidated with Subsidiaries
31 December 2023
Net Receivables by Contractual Maturity
No. Portfolio Category
3 years to Non -
< 1 year 1 year to 3 years > 5 years Total
5 years Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 13,121,331 4,756,498 2,227,068 8,773,297 8,152,106 37,030,300
2 Receivables to Public Sector Entities 3,125,219 6,026,905 3,638,926 97,748 0 12,888,798
3 Receivables to Multilateral Development 0 0 0 0 0 0
Banks and International Institutions
4 Receivables on Banks 3,291,250 2,182,892 620,279 492,763 2,070,326 8,657,510
5 Receivables by Covered Bond 0 0 0 0 0 0
6 Receivables to Securities Companies 3,773,139 4,737,640 2,607,121 17 0 11,117,917
and Other Financial Services Institutions
7 Receivables in the Form of Subordinated 0 0 0 0 167,793 167,793
Securities, Equity, and Other Capital
Instruments
8 Loans Secured by Residential Property 3,758,656 1,119,074 2,074,739 12,111,946 0 19,064,415
9 Loans Secured by Commercial Property 13,797,433 1,995,920 2,853,721 3,383,985 0 22,031,059
10 Credit for Land Acquisition, Soil 0 0 0 0 0 0
Processing, and Construction
11 Employee/Retiree Loans 0 0 0 0 0 0
12 Receivables on Micro Business, Small 5,311,785 11,853,986 6,684,996 528,980 3,902 24,383,649
Business and Retail Portfolio
13 Receivables on Corporates 13,623,057 4,957,475 6,996,366 1,633,325 0 27,210,223
14 Past Due Receivables 1,029,694 231,660 173,434 639,008 83 2,073,879
15 Other Assets 0 0 0 0 8,470,524 8,470,524
TOTAL 60,831,564 37,862,050 27,876,650 27,661,069 18,864,734 173,096,067
PT Bank Maybank Indonesia Tbk 2023 Annual Report 343
Page 346
344
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B.4A): MARKET RISK
Disclosure of Receivables and Provisioning by Region
(1) Bank Only
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 2,888,886 2,105,309 1,702,179 112,383,611 15,282,949
2 Impaired Loss Receivables
a. Non Past Due 13,081 32,733 - 552,307 61,754
b. Past Due 180,468 120,172 199,150 1,063,586 227,537
3 Allowance for impairment losses - Stage 1 14,162 8,795 8,940 900,244 41,786
4 Allowance for impairment losses - Stage 2 2,859 1,602 3,060 230,261 13,847
5 Allowance for impairment losses - Stage 3 72,759 43,090 65,300 642,081 108,024
6 Written-off receivables 52,735 15,237 91,846 206,928 23,209
(1) Bank Only
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 2,675,051 2,218,137 1,946,792 106,673,512 12,620,790
2 Impaired Loss Receivables
a. Non Past Due 30,304 36,523 - 68,275 89,430
b. Past Due 228,465 137,681 263,608 1,186,142 299,971
3 Allowance for impairment losses - Stage 1 11,318 10,361 7,616 1,060,945 34,330
4 Allowance for impairment losses - Stage 2 4,000 1,728 13,097 283,387 25,957
5 Allowance for impairment losses - Stage 3 77,199 38,028 128,517 325,311 140,282
6 Written-off receivables 5,799 3,346 13,231 916,106 50,758
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 347
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(in million rupiah)
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
1,924,357 7,297,386 1,415,343 3,009,972 4,387,326 449,708 152,847,026
405,874 - - - - - 1,065,749
247,827 533,743 314,913 189,725 260,074 - 3,337,195
6,413 38,717 5,610 12,868 12,121 1,159 1,050,815
2,464 3,887 1,584 198,714 8,592 - 466,870
325,564 222,008 119,535 48,532 89,299 - 1,736,192
9,924 162,720 25,311 19,945 13,172 - 621,027
(in million rupiah)
31 December 2022
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
2,077,759 7,671,544 1,410,375 2,607,308 3,494,656 538,314 143,934,238
394,221 14,072 - - - - 632,825
191,863 703,559 376,985 239,400 272,809 - 3,900,483
6,693 34,948 4,894 8,935 7,151 1,196 1,188,387
3,419 12,403 364 95,139 13,581 - 453,075
285,352 293,032 119,430 59,629 70,071 - 1,536,851
19,198 3,847 5,271 6,078 11,772 - 1,035,406
PT Bank Maybank Indonesia Tbk 2023 Annual Report 345
Page 348
346
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B.4B): MARKET RISK
Disclosure of Receivables and Provisioning by Region
(2) Banks Consolidated with Subsidiaries
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(2) (2) (3) (4) (5) (6) (7)
1 Receivables 2,888,886 2,105,309 1,702,179 125,548,773 15,282,949
2 Impaired Loss Receivables
a. Non Past Due 13,081 32,733 - 552,307 61,754
b. Past Due 180,468 120,172 199,150 1,233,839 227,537
3 Allowance for impairment losses - Stage 1 14,162 8,795 8,940 1,041,298 41,786
4 Allowance for impairment losses - Stage 2 2,859 1,602 3,060 276,595 13,847
5 Allowance for impairment losses - Stage 3 72,759 43,090 65,300 728,255 108,024
6 Written-off receivables 52,735 15,237 91,846 501,601 23,209
(2) Banks Consolidated with Subsidiaries
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 2,675,051 2,218,137 1,946,792 118,341,281 12,620,790
2 Impaired Loss Receivables
a. Non Past Due 30,304 36,523 - 68,275 89,430
b. Past Due 228,465 137,681 263,608 1,300,903 299,971
3 Allowance for impairment losses - Stage 1 11,318 10,361 7,616 1,175,160 34,330
4 Allowance for impairment losses - Stage 2 4,000 1,728 13,097 317,505 25,957
5 Allowance for impairment losses - Stage 3 77,199 38,028 128,517 381,589 140,282
6 Written-off receivables 5,799 3,346 13,231 1,131,890 50,758
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 349
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(in million rupiah)
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
1,924,357 7,297,386 1,415,343 3,009,972 4,387,326 449,708 166,012,188
405,874 - - - - - 1,065,749
247,827 533,743 314,913 189,725 260,074 - 3,507,448
6,413 38,717 5,610 12,868 12,121 1,159 1,191,869
2,464 3,887 1,584 198,714 8,592 - 513,204
325,564 222,008 119,535 48,532 89,299 - 1,822,366
9,924 162,720 25,311 19,945 13,172 - 915,700
(in million rupiah)
31 December 2022
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
2,077,759 7,671,544 1,410,375 2,607,308 3,494,656 538,314 155,602,007
394,221 14,072 - - - - 632,825
191,863 703,559 376,985 239,400 272,809 - 4,015,244
6,693 34,948 4,894 8,935 7,151 1,196 1,302,602
3,419 12,403 364 95,139 13,581 - 487,193
285,352 293,032 119,430 59,629 70,071 - 1,593,129
19,198 3,847 5,271 6,078 11,772 - 1,251,190
PT Bank Maybank Indonesia Tbk 2023 Annual Report 347
Page 350
348
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B.5): MARKET RISK
Disclosure of Receivables and Provisioning based on Economic Sectors
(1) Bank Only (in million rupiah)
31 December 2023
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 1,137,364 - 38,678 4,337 1,119 9,689 1,225
2 Mining and Quarrying Industries 3,555,261 - 5,316 7,619 19 3,001 -
3 Processing Industries 19,547,350 515,885 659,819 406,819 10,496 618,041 94,619
4 Procurement of Electricity, Gas, Steam/Hot Water 2,123,428 - - 219,100 89,112 - -
and Cold Water
5 Water Management, Waste Water Management, 130,573 - - 1,168 - - -
Waste Management and Recycling
6 Construction 10,976,422 500,000 176,281 47,380 33,496 356,757 7,489
7 Wholesale and Retail Trade; Car and Motorcycle 14,098,785 36,611 1,264,487 61,834 9,332 489,733 211,160
Repair and Maintenance
8 Transportation and Warehousing 1,157,327 - 37,108 10,215 218 21,195 -
9 Hotel and Food & Beverage 999,390 13,253 80,892 3,744 196,431 47,731 56,743
10 Information and Communication 900,266 - 37,382 3,929 23 23,762 827
11 Financial and Insurance Activities 61,887,767 - 9,272 37,975 318 2,697 -
12 Real Estate 3,613,194 - 38,867 18,520 232 18,205 13,195
13 Professional, Scientific, and Technical Activities 631,897 - 55,716 2,558 19 12,815 482
14 Leasing and Leasing Without Option Right, 1,185,377 - 33,936 7,157 554 7,017 2,605
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense And Compulsory - - - - - - -
Social Security
16 Education Services 31,876 - 1,331 79 - 396 -
17 Human Health and Social Work Activities 98,179 - 1,950 523 - 575 -
18 Art, Entertainment, and Leisure Activities 88,584 - 16,904 249 - 3,236 28
19 Other Service Activities 51,707 - - 122 - 1,757 -
20 Household Activities as Employer; Activities which - - - - - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 29,611,615 - 879,254 217,487 125,501 119,584 232,654
23 Non-Business Field 1 - 2 - - 1 -
24 Others 1,020,663 - - - - - -
Total 152,847,026 1,065,749 3,337,195 1,050,815 466,870 1,736,192 621,027
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 351
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(1) Bank Only (in million rupiah)
31 December 2022
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 2,085,446 - 195,944 8,761 26,497 46,923 3,459
2 Mining and Quarrying Industries 6,442,175 - 6,282 16,497 - 2,917 -
3 Processing Industries 18,677,484 542,880 765,032 423,245 24,462 638,736 31,152
4 Procurement of Electricity, Gas, Steam/Hot Water 2,960,562 - - 232,536 93,849 - -
and Cold Water
5 Water Management, Waste Water Management, 34,793 - - 126 - - -
Waste Management and Recycling
6 Construction 12,466,411 - 173,972 164,825 61,180 43,487 971
7 Wholesale and Retail Trade; Car and Motorcycle 12,828,510 53,547 1,464,361 99,374 14,120 486,745 260,534
Repair and Maintenance
8 Transportation and Warehousing 931,931 - 31,508 6,333 2,545 7,686 471,364
9 Hotel and Food & Beverage 1,243,359 15,353 105,732 2,247 104,261 81,582 857
10 Information and Communication 881,804 - 80,021 660 3,480 33,086 971
11 Financial and Insurance Activities 52,783,975 21,045 9,323 40,096 10 15,203 11,138
12 Real Estate 2,693,956 - 51,007 13,423 414 17,995 -
13 Professional, Scientific, and Technical Activities 589,487 - 64,696 3,380 457 18,423 -
14 Leasing and Leasing Without Option Right, 1,159,462 - 33,175 10,197 1,799 8,085 153
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense And Compulsory - - - - - - -
Social Security
16 Education Services 38,235 - 1,331 100 3 327 -
17 Human Health and Social Work Activities 108,801 - - 567 46 - 530
18 Art, Entertainment, and Leisure Activities 105,042 - 5,981 199 - 1,461 1,587
19 Other Service Activities 36,720 - 5,982 149 - 1,457 193
20 Household Activities as Employer; Activities which 4,297 - - 11 - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 26,858,229 - 906,136 165,661 119,952 132,724 252,444
23 Non-Business Field 127 - - - - 14 53
24 Others 1,003,432 - - - - - -
Total 143,934,238 632,825 3,900,483 1,188,387 453,075 1,536,851 1,035,406
PT Bank Maybank Indonesia Tbk 2023 Annual Report 349
Page 352
350
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B.5): MARKET RISK
Disclosure of Receivables and Provisioning based on Economic Sectors
(2) Banks Consolidated with Subsidiaries (in million rupiah)
31 December 2023
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 1,137,364 - 38,678 4,337 1,119 9,689 1,225
2 Mining and Quarrying Industries 3,555,261 - 5,316 7,619 19 3,001 -
3 Processing Industries 19,547,350 515,885 659,819 406,819 10,496 618,041 94,619
4 Procurement of Electricity, Gas, Steam/Hot Water 2,123,428 - - 219,100 89,112 - -
and Cold Water
5 Water Management, Waste Water Management, 130,573 - - 1,168 - - -
Waste Management and Recycling
6 Construction 10,976,422 500,000 176,281 47,380 33,496 356,757 7,489
7 Wholesale and Retail Trade; Car and Motorcycle 14,098,785 36,611 1,264,487 61,834 9,332 489,733 211,160
Repair and Maintenance
8 Transportation and Warehousing 1,157,327 - 37,108 10,215 218 21,195 -
9 Hotel and Food & Beverage 999,390 13,253 80,892 3,744 196,431 47,731 56,743
10 Information and Communication 900,266 - 37,382 3,929 23 23,762 827
11 Financial and Insurance Activities 61,435,942 - 9,272 39,267 318 2,697 -
12 Real Estate 3,613,194 - 38,867 18,520 232 18,205 13,195
13 Professional, Scientific, and Technical Activities 631,897 - 55,716 2,558 19 12,815 482
14 Leasing and Leasing Without Option Right, 1,185,377 - 33,936 7,157 554 7,017 2,605
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense And Compulsory - - - - - - -
Social Security
16 Education Services 31,876 - 1,331 79 - 396 -
17 Human Health and Social Work Activities 98,179 - 1,950 523 - 575 -
18 Art, Entertainment, and Leisure Activities 88,584 - 16,904 249 - 3,236 28
19 Other Service Activities 51,707 - - 122 - 1,757 -
20 Household Activities as Employer; Activities which - - - - - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 29,611,615 - 879,254 217,487 125,501 119,584 232,654
23 Non-Business Field 13,620,637 - 170,255 139,762 46,334 86,175 294,673
24 Others 1,017,014 - - - - - -
Total 166,012,188 1,065,749 3,507,448 1,191,869 513,204 1,822,366 915,700
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 353
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(2) Banks Consolidated with Subsidiaries (in million rupiah)
31 December 2022
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No, Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 2,085,446 - 195,944 8,761 26,497 46,923 3,459
2 Mining and Quarrying Industries 6,442,175 - 6,282 16,497 - 2,917 -
3 Processing Industries 18,677,484 542,880 765,032 423,245 24,462 638,736 31,152
4 Procurement of Electricity, Gas, Steam/Hot Water 2,960,562 - - 232,536 93,849 - -
and Cold Water
5 Water Management, Waste Water Management, 34,793 - - 126 - - -
Waste Management and Recycling
6 Construction 12,466,411 - 173,972 164,825 61,180 43,487 971
7 Wholesale and Retail Trade; Car and Motorcycle 12,828,510 53,547 1,464,361 99,374 14,120 486,745 260,534
Repair and Maintenance
8 Transportation and Warehousing 931,931 - 31,508 6,333 2,545 7,686 471,364
9 Hotel and Food & Beverage 1,243,359 15,353 105,732 2,247 104,261 81,582 857
10 Information and Communication 881,804 - 80,021 660 3,480 33,086 971
11 Financial and Insurance Activities 52,597,885 21,045 9,323 40,850 10 15,203 11,138
12 Real Estate 2,693,956 - 51,007 13,423 414 17,995 -
13 Professional, Scientific, and Technical Activities 589,487 - 64,696 3,380 457 18,423 -
14 Leasing and Leasing Without Option Right, 1,159,462 - 33,175 10,197 1,799 8,085 153
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense And Compulsory - - - - - - -
Social Security
16 Education Services 38,235 - 1,331 100 3 327 -
17 Human Health and Social Work Activities 108,801 - - 567 46 - 530
18 Art, Entertainment, and Leisure Activities 105,042 - 5,981 199 - 1,461 1,587
19 Other Service Activities 36,720 - 5,982 149 - 1,457 193
20 Household Activities as Employer; Activities which 4,297 - - 11 - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 26,858,229 - 906,136 165,661 119,952 132,724 252,444
23 Non-Business Field 11,856,317 - 114,761 113,461 34,118 56,292 215,837
24 Others 1,001,101 - - - - - -
Total 155,602,007 632,825 4,015,244 1,302,602 487,193 1,593,129 1,251,190
PT Bank Maybank Indonesia Tbk 2023 Annual Report 351
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352
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB (B6): MARKET RISK
Disclosure of Receivables by Due Date
(1) Bank Only (in million rupiah)
31 December 2023 31 December 2022
Receivables by Due Date Receivables by Due Date
No. Exposure Class
> 90 days > 120 days > 90 days > 120 days
to 120 to 180 > 180 days Total to 120 to 180 > 180 days Total
days days days days
a b c d e f g h i j
1 Credit include to Past Due 704,265 152,096 2,476,294 3,332,655 798,966 175,461 2,921,516 3,895,943
Receivables
2 Securities include to Past Due - - 4,540 4,540 - - 4,540 4,540
Receivables
TOTAL 704,265 152,096 2,480,834 3,337,195 798,966 175,461 2,926,056 3,900,483
(2) Banks Consolidated with Subsidiaries in million Rupiah)
31 December 2023 31 December 2022
Receivables by Due Date Receivables by Due Date
No. Exposure Class
> 90 days > 120 days > 90 days > 120 days
to 120 to 180 > 180 days Total to 120 to 180 > 180 days Total
days days days days
a b c d e f g h i j
1 Credit include to Past Due 757,347 214,267 2,531,294 3,502,908 846,041 207,386 2,957,277 4,010,704
Receivables
2 Securities include to Past Due - - 4,540 4,540 - - 4,540 4,540
Receivables
TOTAL 757,347 214,267 2,535,834 3,507,448 846,041 207,386 2,961,817 4,015,244
CRB-A (A): MARKET RISK
Additional Disclosure Related to Treatment of Non-Performing Assets
The Bank defines overdue bills as bills where the debtor is unable to meet payment according to the contract terms, while impairment
occurs when a bill experiences a significant increase in credit risk, resulting in objective evidence of impairment, such as contractual
payment arrears exceeding 90 days, having an internal default rating, collectibility classified as non-performing loans (NPL), and when
restructuring occurs due to increased credit risk.
The Bank defines credit restructuring to include modifications of credit terms, conversion of credit into shares or other financial
instruments, and/or a combination of both.
Gains/losses arising from credit restructuring related to modifications of credit terms are only recognised if the future cash receipts
specified in the new credit terms, including receipts allocated as interest or principal, are greater or lesser than the recorded credit value
before restructuring.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 355
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
CRB-A (B-1): MARKET RISK
Discosure of Performing and Non Performing Asset
(1) Bank only (in million rupiah)
Non Performing
(Substandard, Doubtful, and Loss Quality)
Performing
(Current and Special Impaired
Unimpaired Loss Receivables
Mention Quality) Loss Receivables
Due date > 90 days Due date ≤ 90 days
Allowance
Allowance Gross
Gross for Gross Gross Gross Gross
for Carrying
Carrying impairment Carrying Carrying Carrying Carrying
impairment Value
Value losses Value Value Value Value
losses
a b c d e f g h
1 Securities 32,620,712 2,397 4,540 - - - - -
2 Credit
a. Corporate 70,492,064 1,904,403 2,277,685 955,987 - - - -
b. Retail 28,844,639 347,728 766,981 114,845 - - - -
3 Other Off- Balance Sheet 36,321,447 119,828 1,412 369
Total 168,278,862 2,374,356 3,050,618 1,071,201 - - - -
(2) Banks Consolidated with Subsidiaries (in million rupiah)
Non Performing
(Substandard, Doubtful, and Loss Quality)
Performing
(Current and Special Impaired
Unimpaired Loss Receivables
Mention Quality) Loss Receivables
Due date > 90 days Due date ≤ 90 days
Allowance
Allowance Gross
Gross for Gross Gross Gross Gross
for Carrying
Carrying impairment Carrying Carrying Carrying Carrying
impairment Value
Value losses Value Value Value Value
losses
a b c d e f g h
1 Securities 32,620,712 2,397 4,540 - - - - -
2 Credit
a. Corporate 70,492,064 1,904,403 2,277,685 955,987 - - - -
b. Retail 42,560,989 537,841 923,663 197,001 - - - -
3 Other Off- Balance Sheet 36,321,447 119,828 1,412 369
Total 181,995,212 2,564,469 3,207,300 1,153,357 - - - -
PT Bank Maybank Indonesia Tbk 2023 Annual Report 353
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354
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRB-A (B-2): MARKET RISK
Disclosure of Performing and Non Performing Asset
(1) Bank only
Performing Non Performing
(Current and Special Mention (Substandard, Doubtful, and
Quality) Loss Quality)
Allowance for Allowance for
Gross Carrying Gross Carrying
impairment impairment
Value Value
losses losses
a b c d
1 Securities - - - -
2 Credit
a. Corporate 4,128,738 1,560,683 1,520,461 664,466
b. Retail 656,728 48,645 397,251 42,716
3 Other Off-Balance Sheet 89,172 9,278 - -
TOTAL 4,874,638 1,618,606 1,917,712 707,182
(1) Banks Consolidated with Subsidiaries
Performing Non Performing
(Current and Special Mention (Substandard, Doubtful, and
Quality) Loss Quality)
Allowance for Allowance for
Gross Carrying Gross Carrying
impairment impairment
Value Value
losses losses
a b c d
1 Securities - - - -
2 Credit
a. Corporate 4,128,738 1,560,683 1,520,461 664,466
b. Retail 656,728 48,645 397,251 42,716
3 Other Off-Balance Sheet 89,172 9,278 - -
TOTAL 4,874,638 1,618,606 1,917,712 707,182
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 357
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(in million rupiah)
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
- - - - - -
2,284,816 536,207 609,882 290,865 2,754,501 1,398,077
411,846 9,365 139,978 30,917 502,155 51,079
- - - - 89,172 9,278
2,696,662 545,572 749,860 321,782 3,345,828 1,458,434
(in million rupiah)
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
- - - - - -
2,284,816 536,207 609,882 290,865 2,754,501 1,398,077
411,846 9,365 139,978 30,917 502,155 51,079
- - - - 89,172 9,278
2,696,662 545,572 749,860 321,782 3,345,828 1,458,434
PT Bank Maybank Indonesia Tbk 2023 Annual Report 355
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356
Main Management Company Management Discussion
Highlights Report Profile and Analysis
CRC: MARKET RISK
Qualitative Disclosure related to Risk Management Techniques
In terms of Credit Risk Mitigation, the Bank applies Credit Risk Mitigation Techniques according to the Guidelines for calculating
Risk-Weighted Assets under the Standard Approach, which includes Credit Risk Mitigation in the form of Collateral, Guarantees,
and Guarantees. The types of eligible financial collateral in the Standard Approach Credit Risk Mitigation Technique are Cash, Gold,
Securities issued by the Government of the Republic of Indonesia, Securities rated by Rating Agencies recognised by Bank Indonesia.
Meanwhile, the Recognised Guarantee Issuers include the Government of Indonesia, Governments of other Countries, Commercial
Banks, and Guarantee or Insurance Financial Institutions with criteria established by the Financial Services Authority in the Guidelines
for calculating Risk-Weighted Assets under the Standard Approach.
Additionally, the Bank has and implements internal policies regarding credit collateral that regulate guidelines, types, and requirements,
as well as collateral assessment contained in the Credit Policy in each segment.
CRD: MARKET RISK
Disclosure on the Use of External Credit Ratings
In accordance with the Guidelines for Calculating Risk Weighted Assets for Credit Risk using the Standard Approach, the Bank applies
risk weighting for each asset classification or certain portfolio category in accordance with the external rating obtained from external
Rating Agencies. The Bank has internal policies that regulate Rating Agencies and External Ratings recognized by the Financial Services
Authority as well as procedures for using such ratings. The Bank uses external ratings obtained from external the following Rating
Agencies:
a. PT Pemeringkat Efek Indonesia (PEFINDO), and
b. PT Fitch Ratings Indonesia.
The portfolio categories that use ratings include: Claims on Governments of Other Countries, Claims on Public Sector Entities, Claims on
Banks, Claims on Securities Companies and Other Financial Services Institutions, and Claims on Corporations.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 359
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
CR3: MARKET RISK
Disclosure of Quantitative Related to Credit Risk Mitigation Techniques
(1) Bank Only (in million rupiah)
Secured
Secured Receivables
Receivables Secured Secured
Unsecured by Warranty,
by Credit Risk Receivables by Receivables by
Receivables Guarantee, and/or
Mitigation Collateral Credit Derivatives
Credit Insurance
Techniques
a b c d e
1 Credit 92,279,924 6,411,808 6,411,808 0
2 Securities 29,202,206 65,135 65,135 0
3 Total 121,482,130 6,476,943 6,476,943 0
4 Past Due Credit and Securities 1,971,353 100 100 0
(2) Banks Consolidated with Subsidiaries (in million rupiah)
Secured
Secured Receivables
Receivables Secured Secured
Unsecured by Warranty,
by Credit Risk Receivables by Receivables by
Receivables Guarantee, and/or
Mitigation Collateral Credit Derivatives
Credit Insurance
Techniques
a b c d e
1 Credit 105,691,788 6,411,808 6,411,808 0
2 Securities 29,049,348 65,135 65,135 0
3 Total 134,741,136 6,476,943 6,476,943 0
4 Past Due Credit and Securities 2,045,878 100 100 0
(3) Additional Disclosure
Regarding the use of Credit Risk Mitigation (CRM) Techniques, the Bank has implemented Collateral CRM Techniques using a simple approach for credit exposures
and securities. There have been no significant changes in the asset position exposure in the financial statements.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 357
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
CR4: MARKET RISK
Disclosure of Credit Risk Exposure and Credit Risk Mitigation Techniques Impact
(1) Bank Only (in million rupiah)
Net Receivable before Credit Net Receivable after Credit
RWA and
Conversion Factor and Credit Conversion Factor and Credit
Risk Weight Average
Risk Mitigation Techniques Risk Mitigation Techniques
Portfolio Category
Off- Off- Risk Weight
Balance Balance
Balance Balance RWA Average (e/
Sheet Sheet
Sheet Sheet (c+d))
a b c d e f
1 Receivables on Sovereigns 37,030,299 0 37,030,299 0 68,223 0.18%
2 Receivables to Public Sector Entities 12,467,176 4,001,068 12,467,176 421,622 4,631,214 35.93%
3 Receivables to Multilateral 0 0 0 0 0 0.00%
Development Banks and International
Institutions
4 Receivables on Banks 8,485,611 155,357 7,659,484 43,477 2,903,942 37.70%
Receivables to Securities Companies 11,401,068 1,119,387 11,394,068 111,939 5,124,155 44.53%
and Other Financial Services
Institutions
5 Receivables by Covered Bond 0 0 0 0 0 0.00%
6 Receivables to Corporates - General 20,616,122 13,804,148 16,256,583 2,206,663 16,950,175 91.80%
Corporates Exposure
Receivables to Securities Companies 0 0 0 0 0 0.00%
and Other Financial Services
Institutions
Special Financing Exposure 608,669 71,205 608,669 8,488 617,157 100.00%
7 Receivables in the Form of 8,289 0 8,289 0 20,723 250.00%
Subordinated Securities, Equity, and
Other Capital Instruments
8 Receivables on Micro Business, Small 12,886,074 6,218,466 11,659,805 697,079 8,933,842 72.30%
Business and Retail Portfolio
9 Loans Secured by Residential
Property
Loans Secured by Residential 18,400,926 1,789,710 18,391,401 176,448 11,067,710 59.61%
Property which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Residential 478,148 51,540 478,148 5,154 646,849 133.84%
Property which is Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 19,126,238 8,984,930 19,039,292 900,087 17,284,273 86.68%
Real Estate which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 1,982,198 102,607 1,982,198 10,650 1,872,892 93.98%
Real Estate which is Materially
Dependent on Property Cash Flow
10 Past Due Receivables 1,999,247 1,078 1,999,147 108 2,104,623 105.27%
11 Other Assets 8,045,350 0 8,045,350 0 6,852,635 85.18%
TOTAL 153,535,415 36,299,496 147,019,909 4,581,713 79,078,413 52.16%
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 361
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(2) Banks Consolidated with Subsidiaries (in million rupiah)
Net Receivable before Credit Net Receivable after Credit
RWA and
Conversion Factor and Credit Conversion Factor and Credit
Risk Weight Average
Risk Mitigation Techniques Risk Mitigation Techniques
Portfolio Category
Off- Off- Risk Weight
Balance Balance
Balance Balance RWA Average (e/
Sheet Sheet
Sheet Sheet (c+d))
a b c d e f
1 Receivables on Sovereigns 37,030,299 0 37,030,299 0 68,223 0.18%
2 Receivables to Public Sector Entities 12,467,176 4,001,068 12,467,176 421,622 4,631,214 35.93%
3 Receivables to Multilateral 0 0 0 0 0 0.00%
Development Banks and International
Institutions
4 Receivables on Banks 8,609,775 155,357 7,783,648 43,477 2,928,994 37.42%
Receivables to Securities Companies 11,005,978 1,119,387 10,998,978 111,939 4,913,106 44.22%
and Other Financial Services
Institutions
5 Receivables by Covered Bond 0 0 0 0 0 0.00%
6 Receivables to Corporates - General 23,652,285 13,804,148 19,292,746 2,206,663 19,898,037 92.55%
Corporates Exposure
Receivables to Securities Companies 0 0 0 0 0 0.00%
and Other Financial Services
Institutions
Special Financing Exposure 608,669 71,205 608,669 8,488 617,157 100.00%
7 Receivables in the Form of 167,793 0 167,793 0 259,979 154.94%
Subordinated Securities, Equity, and
Other Capital Instruments
8 Receivables on Micro Business, Small 23,503,609 6,218,466 22,277,340 697,079 16,985,732 73.93%
Business and Retail Portfolio
9 Loans Secured by Residential
Property
Loans Secured by Residential 18,400,926 1,789,710 18,391,401 176,448 11,067,710 59.61%
Property which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Residential 478,148 51,540 478,148 5,154 646,849 133.84%
Property which is Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 19,126,238 8,984,930 19,039,292 900,087 17,284,273 86.68%
Real Estate which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 1,982,198 102,607 1,982,198 10,650 1,872,892 93.98%
Real Estate which is Materially
Dependent on Property Cash Flow
10 Past Due Receivables 2,073,772 1,078 2,073,672 108 2,163,969 104.35%
11 Other Assets 8,470,524 0 8,470,524 0 7,282,965 85.98%
TOTAL 167,577,390 36,299,496 161,061,884 4,581,713 90,621,100 54.71%
(3) Additional Disclosure
In accordance with OJK Regulation No. 24/SEOJK.03/2021 regarding the calculation of Risk-Weighted Assets for Credit Risk using the Standard Approach, in terms
of TRA exposure converted into equivalent credit exposure using FKK as follows:
- FKK 10%, Commitments that the Bank can cancel without notice, or can automatically cancel commitments if there is a deterioration in the borrower’s quality.
- FKK 20%, Commitment obligations in the form of L/C (except SBLC).
- FKK 40%, Commitments regardless of the underlying facility’s term.
- FKK 50%, Contingent liabilities in the form of guarantees issued not in connection with credit granting such as bid bonds, performance bonds, or advance
payment bonds.
- FKK 100%, Guarantees issued in connection with credit granting or takeover of default risk, guarantees, SBLC, acceptances, or TRA which are credit substitutes.
The CKPN considered for the calculation of net billings as referred to, is CKPN for assets identified as experiencing impairment, namely CKPN in stage 2 (fair
assets) and stage 3 (poor assets) in accordance with financial accounting standards regarding financial instruments.
Regarding the use of CRM Techniques, the Bank has implemented Collateral CRM Techniques with a simple approach, for the asset position exposure in the
financial statements as well as commitment obligations or contingent liabilities on TRA.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 359
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
CR5: MARKET RISK
Disclosure of Exposure Based On Asset Class and Weight Risk
(1) Bank Only
Portfolio Category 0% 20% 50%
1 Receivables on Sovereigns 36,893,853 0
Portfolio Category 20% 50%
2 Receivables on Public Sector Entities 9,244,788 7,223,457
Portfolio Category 0% 20% 30%
3 Receivables on Multilateral Development Banks and 0 0
International Institutions
Portfolio Category 20% 30% 40% 50%
4 Receivables on Banks 4,591,043 569,159 609,016 682,737
Receivables to Securities Companies and Other 6,090,493 646,761 0 80,718
Financial Services Institutions
Portfolio Category 10% 15% 20% 25%
5 Receivables by Covered Bond 0 0 0 0
Portfolio Category 20% 50% 75% 80%
6 Receivables on Corporate - General Corporate 1,327,340 1,009,226 0 0
Exposure
Receivables to Securities Companies and Other 0 0 0
Financial Services Institutions
Special Financing Exposure 0 0 0 0
Portfolio Category 100%
7 Receivables in the Form of Subordinated Securities, 0
Equity, and Other Capital Instruments
Portfolio Category 45% 75%
8 Receivables on Micro, Small Business & Retail Portfolio 4,762,423 12,829,721
Portfolio Category 20% 25% 30% 35% 40% 45% 50% 60%
9 Loans Secured by Residential Property
Loans Secured by Residential Property which is Not 1,274,462 926,034 3,104,035 692,419 856,626
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is Not 393 0 3,468 12,024
Materially Dependent on Property Cash Flow
Loans Secured by Residential Property which is 0 0 0 0 1,722,508
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is
Materially Dependent on Property Cash Flow
Special Financing Exposure
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 363
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
(in million rupiah)
100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
136,446 0 0 0 37,030,299
100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 0 0 12,888,798
50% 100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0 0
75% 100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
1,868,093 320,921 0 0 7,702,961
5,702,483 0 0 0 11,506,007
35% 50% 100% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0
85% 100% 130% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
3,333,715 28,288,079 461,910 0 18,463,246
0 0 0 0
679,874 0 0 0 617,157
150% 250% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 8,289 0 8,289
85% 100% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
29,643 1,482,753 0 12,356,884
70% 75% 85% 90% 100% 105% 110% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
3,322,272 9,247,904 663,836 103,047 0 0 18,567,849
5,021 180,304 328,478 0 483,302
6,091,234 8,964,827 11,332,600 0 0 19,939,379
842,242 693,120 143,010 406,432 0 1,992,848
0 0 0 0
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Portfolio Category 50%
10 Past Due Receivables 177,218
Portfolio Category 0% 20%
11 Other Assets 1,564,547 0
No Weight Risk On Balance Sheet Net Receivable
1 < 40% 62,007,191
2 40% - 70% 15,481,312
3 75% 31,879,188
4 85% 8,680,165
5 90% - 100% 33,399,777
6 105% - 130% 260,883
7 150% 1,818,612
8 250% 8,289
9 400% 0
10 1,250% 0
11 Total Net Receivable 153,535,417
(2) Banks Consolidated with Subsidiaries
Portfolio Category 0% 20%
1 Receivables on Sovereigns 36,893,853 0
Portfolio Category 20% 50%
2 Receivables on Public Sector Entities 9,244,788 7,223,457
Portfolio Category 0% 20%
3 Receivables on Multilateral Development Banks and 0 0
International Institutions
Portfolio Category 20% 30% 40% 50%
4 Receivables on Banks 4,714,809 569,159 609,016 682,737
Receivables to Securities Companies and Other 5,935,460 646,761 0 80,718
Financial Services Institutions
Portfolio Category 10% 15% 20% 25%
5 Receivables by Covered Bond 0 0 0 0
Portfolio Category 20% 50% 75% 80%
6 Receivables on Corporate - General Corporate 1,327,340 1,185,827 0 0
Exposure
Receivables to Securities Companies and Other 0 0 0
Financial Services Institutions
Special Financing Exposure 0 0 0 0
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100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
1,434,250 388,857 0 1,999,255
100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
5,737,139 743,664 0 8,045,350
Credit Net Receivable (after Credit Conversion
Off Balance Sheet Net Receivable
Conversion Factor and Credit Risk Mitigation
(before Credit Conversion Factor)
Factor Average Techniques)
4,225,717 10.26% 62,339,907
6,651,492 10.84% 15,672,388
3,865,267 12.23% 31,672,673
4,311,857 24.16% 7,699,075
16,672,005 16.37% 32,072,181
62,431 10.00% 267,426
510,729 10.00% 1,869,685
0 0.00% 8,289
0 0.00% 0
0 0.00% 0
36,299,498 151,601,624
(in million rupiah)
50% 100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
136,446 0 0 0 0
100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 0 0 0
30% 50% 100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0 0
75% 100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
1,868,491 320,921 0 0 0
5,462,426 0 0 0 0
35% 50% 100% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0
85% 100% 130% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
3,333,715 31,147,641 0 461,910 0 0
0 0 , 0 0
679,874 0 0 0 0
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Portfolio Category 100% 150%
7 Receivables in the Form of Subordinated Securities, 0
Equity, and Other Capital Instruments
Portfolio Category 45% 75%
8 Receivables on Micro, Small Business & Retail Portfolio 4,762,423 23,092,302
Portfolio Category 20% 25% 30% 35% 40% 45% 50% 60%
9 Loans Secured by Residential Property
Loans Secured by Residential Property which is Not 1,274,462 926,034 3,104,035 692,419 856,626
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is Not 393 0 3,468 12,024
Materially Dependent on Property Cash Flow
Loans Secured by Residential Property which is 0 0 0 0 1,722,508
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is
Materially Dependent on Property Cash Flow
Special Financing Exposure
Portfolio Category 50%
10 Past Due Receivables 207,676
Portfolio Category 0% 20%
11 Other Assets 1,570,030 0
No Weight Risk On Balance Sheet Net Receivable
1 < 40% 61,981,406
2 40% - 70% 15,688,371
3 75% 41,902,110
4 85% 8,680,165
5 90% - 100% 37,056,674
6 105% - 130% 260,883
7 150% 1,999,494
8 250% 8,289
9 400% 0
10 1,250% 0
11 Total Net Receivable 167,577,392
(3) Additional Disclosure
In accordance with OJK Regulation No. 24/SEOJK.03/2021 regarding the calculation of Risk-Weighted Assets for Credit Risk using the Standard Approach, in terms of TRA
exposure converted into equivalent credit exposure using FKK as follows:
- FKK 10%, Commitments that the Bank can cancel without notice, or can automatically cancel commitments if there is a deterioration in the borrower’s quality.
- FKK 20%, Commitment obligations in the form of L/C (except SBLC).
- FKK 40%, Commitments regardless of the underlying facility’s term.
- FKK 50%, Contingent liabilities in the form of guarantees issued not in connection with credit granting such as bid bonds, performance bonds, or advance payment
bonds.
- FKK 100%, Guarantees issued in connection with credit granting or takeover of default risk, guarantees, SBLC, acceptances, or TRA which are credit substitutes.
The CKPN considered for the calculation of net billings as referred to, is CKPN for assets identified as experiencing impairment, namely CKPN in stage 2 (fair assets) and
stage 3 (poor assets) in accordance with financial accounting standards regarding financial instruments.
Regarding the use of CRM Techniques, the Bank has implemented Collateral CRM Techniques with a simple approach, for the asset position exposure in the financial
statements as well as commitment obligations or contingent liabilities on TRA.
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250% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
159,504 8,289 0 0
85% 100% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
29,643 1,837,707 0 0
70% 75% 85% 90% 100% 105% 110% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
3,322,272 9,247,904 663,836 103,047 0 0 0
5,021 180,304 328,478 0 0
6,091,234 8,964,827 11,332,600 0 0 0
842,242 693,120 143,010 406,432 0 0
0 0 0 0
100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
1,478,216 388,958 0 0
100% 150% Others Net Receivable after Credit Conversion
Factor and Credit Risk Mitigation
Techniques
6,135,553 764,941 0 0
Credit Net Receivable (after Credit Conversion
Off Balance Sheet Net Receivable
Conversion Factor and Credit Risk Mitigation
(before Credit Conversion Factor)
Factor Average Techniques)
4,225,717 10.26% 62,314,122
6,651,492 10.84% 15,879,447
3,865,267 12.23% 41,695,595
4,311,857 24.16% 7,699,075
16,672,005 16.37% 35,729,078
62,431 10.00% 267,426
510,729 10.00% 2,050,567
0 0.00% 8,289
0 0.00% 0
0 0.00% 0
36,299,498 165,643,599
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HH: MARKET RISK
Disclosure of Market Risk using Standard Method
(in million Rupiah)
December 31, 2023
Types of Risk Bank Only Consolidated
Capital Charges RWA Capital Charges RWA
(1) (2) (3) (4) (5) (6)
1 Interest Rate Risk 124,299 1,553,734 124,299 1,553,732
a. Specific Risk - - - -
b. General Risk 124,299 1,553,734 124,299 1,553,732
2 Exchange Rate Risk 91,840 1,148,005 91,013 1,137,668
3 Equity Risk*) - -
4 Commodity Risk*) - -
5 Option Risk - - - -
6 CVA 81,371 1,017,135 81,371 1,017,135
TOTAL 297,510 3,718,873 296,683 3,708,534
*) For banks with subsidiaries that have such risk exposure
(in million Rupiah)
December 31, 2022
Types of Risk Bank Only Consolidated
Capital Charges RWA Capital Charges RWA
(1) (2) (3) (4) (5) (6)
1 Interest Rate Risk 132,098 1,651,222 132,098 1,651,222
a. Specific Risk - - - -
b. General Risk 132,098 1,651,222 132,098 1,651,222
2 Exchange Rate Risk 50,590 632,378 49,734 621,674
3 Equity Risk*) - -
4 Commodity Risk*) - -
5 Option Risk - - - -
6 CVA - - - -
TOTAL 182,688 2,283,600 181,832 2,272,896
*) For banks with subsidiaries that have such risk exposure
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II: MARKET RISK
General Qualitative Disclosures
In managing and calculating the minimum capital requirement both Trading Book and Banking Book positions, while equity risk
for market risk, both in the Trading Book and Banking Book, the originates from Trading Book positions. Currently, the Bank does
Bank adheres to the Regulations and Circulars of the Financial not have equity risk and commodity risk either individually or
Services Authority (OJK) which regulate the Implementation consolidated with its subsidiaries.
of Risk Management for Commercial Banks, the Minimum
Capital Adequacy Requirements for Commercial Banks, The definition of a Trading Book encompasses all financial
Guidelines for the Use of the Standard Method in Calculating instrument positions on the balance sheet and administrative
the Minimum Capital Adequacy Requirements for Commercial accounts, including derivative transactions, held by the Bank for
Banks Considering Market Risk, as well as the Implementation the purpose of:
of Risk Management and Measurement of Interest Rate Risk in a. Trading and freely transferable hedging, whether for
the Banking Book (Interest Rate Risk in the Banking Book) for proprietary trading, client requests, brokerage, or market-
Commercial Banks, along with any amendments. making activities, which include:
1) Short-term held-for-sale positions;
The function of market risk management is carried out by the 2) Positions held for short-term actual and/or potential
Market, Liquidity, & Treasury Credit Risk Management (MLTCRM) profit from price movements; or
unit, which operates directly under the Risk Management 3) Positions held to maintain arbitrage profits;
Director and is independent of operational risk-taking units b. Hedging against other positions within the Trading Book.
and units performing internal control functions. MLTCRM fully c. Meanwhile, the definition of the Banking Book encompasses
supports the functions and responsibilities of the Assets & all other positions that are not included in the Trading Book.
Liability Committee (ALCO) and Risk Management Committee
(RMC) related to market risk management in the Bank. The management of the Portfolio of the Trading Book and
Banking Book in the Bank is clearly separated and conducted by
Market Risk is the risk on the balance sheet and administrative different units. Each book has its own risk management policies
accounts, including derivative transactions, resulting from overall and guidelines so that the performance and risks of each book
changes in market conditions, including the risk of changes in can be identified and managed effectively. In accordance with
option prices. Market Risk includes, among others, interest rate accounting standards, the accounting treatment based on
risk, exchange rate risk, equity risk, and commodity risk. Interest classification using the business model approach is established
rate risk, exchange rate risk, and commodity risk can arise from as follows:
Book Business Model Accounting Treatment
Banking Book Hold Amortised Cost / AC
Hold & Sell a. Fair Value through Other Comprehensive Income / FVOCI.
b. Fair Value through Profit or Loss / FVTPL*.
Trading Book Trading Fair Value through Profit or Loss / FVTPL.
* Note: Only allowed for financial instruments that fail the Solely Payment of Principal and Interest (SPPI) assessment
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Fair value measurement/assessment of financial instruments, In calculating the minimum capital adequacy requirement,
both in the Trading Book and Banking Book, is carried out taking into account market risk both individually and on a
through several types of fair value measurements, namely: consolidated basis with subsidiary companies, the Bank utilises
a. Based on market prices (mark to market) the standard method as stipulated in the circular of the Financial
Financial instruments are valued daily based on the current Services Authority regulating the Guidelines for Using the
market prices/interest rates traded in active markets Standard Method in Calculating the Minimum Capital Adequacy
and sourced from credible financial data providers (such Requirement for Commercial Banks Considering Market Risks,
as Bloomberg; Reuters) and/or from brokers actively which is generally conducted as follows:
participating in the market. a. Interest rate risk calculation.
b. Based on a specific model (mark to model) This includes specific risk calculation (risk of loss due to
If the fair value measurement based on market prices price changes of each financial instrument owned due to
(mark to market) cannot be performed, then the fair value factors related to the issuer of the financial instrument) and
measurement is carried out based on mark to model, which general risk (risk of loss due to changes in market interest
is a method of fair value measurement after comparison rates) performed on financial instruments in the Trading
processes (benchmarked), extrapolation, or calculation using Book exposed to interest rate risk including securities and
available market input data. Several techniques used for derivative instruments related to interest rates such as
measurement/assessment include Discounted Cash Flow, Foreign Exchange Forward, Foreign Exchange Swap, Cross
Modeling, and Benchmarking. Currency Swap, Interest Rate Swap, and Bond/Interest Rate
Futures.
In managing market risk in the Trading Book, the Bank adopts b. Exchange rate risk calculation
several measurement techniques to accurately quantify market Conducted on foreign exchange positions in the Trading
risk exposure in the Trading Book, namely: Value at Risk (VaR), Book and Banking Book exposed to exchange rate risk,
Present Value of One Basis Point (PV01), Year to Date (YtD) and referring to the calculation of net foreign exchange positions
Month to Date (MtD) Stop Loss, Foreign Exchange Net Open as regulated in provisions governing net foreign exchange
Position (FX NOP), Greeks (such as Delta, Gamma, and Vega), positions.
Back Testing, Jump to Default (JTD), Credit Spread of One Basis
Point (CS01), and Stress Tests. Meanwhile, for the Banking According to the circular issued by the Financial Services
Book portfolio, market risk management is primarily done by Authority governing the Calculation of Risk-Weighted Assets
mapping all assets and liabilities, both on the balance sheet and for Market Risk for Commercial Banks, in the calculation of the
administrative accounts, into a re-pricing gap to subsequently minimum capital adequacy requirement, the Bank also per-forms
perform calculations and analysis of the impact of interest rate calculations for Credit Valuation Adjustment (CVA) risk. CVA risk
changes on the economic value of the Bank’s capital (Economic is the risk of loss arising from changes in the CVA value due to
Value of Equity / EVE); or commonly referred to as economic changes in counterparty credit spreads and Market Risk factors
perspective, as well as on changes in net interest income; or affecting the prices of derivative transactions and securities
commonly referred to as earning perspective. In the day-to-day financing transactions (SFTs). The calculation of CVA includes all
management of market risk, the Bank has established various derivative transactions and all SFTs (including repos and reverse
limits to be monitored and reported to management periodically, repos) fair valued by the Bank for accounting purposes.
where for the Trading Book portfolio, these include VaR limit,
YtD & MtD Stop Loss Limit, FX NOP Limit, PV01 Limit, IR and
FX Vega Limit, JTD Limit, and CS01 Limit. Meanwhile, for the
Banking Book portfolio, these include Delta EVE to Tier 1 Capital
Limit, Bonds Position Limit, PV01 Limit, Corporate Bond Price
Decline Limit, Mark to Market Loss Limit, YtD Loss Limit, and
Maximum Selling Amount per Month Limit.
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JJ.1: RISK MANAGEMENT IMPLEMENTATION REPORT
For Interest Rate Risk in Banking Book
REPORT OF IMPLEMENTATION OF RISK MANAGEMENT
(FOR INTEREST RATE RISK IN THE BANKING BOOK/IRRBB)
Name : PT Bank Maybank Indonesia Tbk. (Individual)
Report Position : December 2023
QUALITATIVE ANALYSIS IRRBB risk mitigation is comprehensive and involves business units
from both asset and liability sides, coordinated by the Global Market
& Corporate Treasury unit. The Bank will fund assets using funding
1. Definition of Interest Rate Risk in the Banking Book (IRRBB) for with appropriate characteristics, including repricing attributes,
risk measurement and control. repricing periods, cash flow profiles, and embedded options (natural
Generally, the Bank defines IRRBB as the risk resulting from changes hedging) as much as possible. If residual risk still exists, the Bank can
in interest rates in the market that are contrary to the positions in use various financial instruments for hedging, where each hedging
the Banking Book, which potentially impact the capital and earnings instrument used must be approved by ALCO.
of the Bank both currently and in the future.
3. Periodicity of IRRBB calculation and specific measurements used
The Banking Book positions are the positions held by the Bank to measure sensitivity to IRRBB.
outside of the Trading Book, where the Trading Book itself consists The Bank conducts calculations, measurements, monitoring, and
of financial instruments on the balance sheet and administrative reporting of IRRBB regularly every month, and can also be conducted
accounts, including derivatives transactions, held by the Bank for ad hoc if there are special events/plans that may affect IRBBB
trading and can be freely transferred or hedged in their entirety, exposure, such as plans for large loan disbursements, long-term
whether for proprietary purposes, customer requests, brokerage funding issuances, or changes in market interest rates.
activities, market making, and hedging against other positions
in the Trading Book. Examples of Banking Book positions include Calculations and measurements are made to capture several main
placements in other banks, financial instruments measured at sources of IRRBB, namely:
Fair Value through Other Comprehensive Income (FVOCI) or at Gap risk:
Amortised Cost (AC), loans, customer deposits, loans, and other This risk can cause a decrease in NII or relative changes in the
assets and liabilities. economic value of Bank assets and liabilities caused by differences in
repricing risk from assets and liabilities or changes in interest rates at
The impact of market interest rate movements on capital is measured each time period along the yield curve.
using the Economic Value of Equity (EVE) approach, which represents
the economic value change of the Bank’s capital obtained from Basis risk:
the net present value (NPV) difference of all cash flows of assets, This risk arises from changes in the reference interest rate of a
liabilities, and administrative account transactions before and after financial instrument that has the same tenor but with different
the interest rate movement. Meanwhile, the impact of market reference interest rates, has different tenors but with the same
interest rate movements on earnings is measured by comparing the reference interest rate, or has the same tenor and reference interest
net interest income (NII) in a specific period before and after the rate but with different currencies.
interest rate movement.
Option risk:
2. Risk management strategy and risk mitigation for IRRBB. This risk arises from derivative position option features or embedded
IRRBB risk management begins with the establishment of governance option components on most assets, liabilities, and administrative
tailored to the Bank’s characteristics and complexity. Centrally, account transactions that can change the level and timing of cash
the authority to manage activities and risks in the Banking Book flows.
lies with the Assets & Liabilities Committee (ALCO), which is daily
overseen by the Global Market & Corporate Treasury unit. To support To calculate and measure the above main sources of IRRBB, the Bank
ALCO’s functions, the unit specifically responsible for managing uses several methods/approaches:
IRRBB risk processes is the Market, Liquidity & Treasury Credit Risk EVE:
Management (MLTCRM) unit, which is responsible for creating Measurement based on changes in EVE is a method that measures
policies, procedures, measurement methodologies, and monitoring the impact of interest rate changes on the economic value of the
and reporting on IRRBB risk exposure, as well as monitoring the Bank’s equity. EVE calculates the change in NPV of all cash flows from
implementation and compliance with established policies. To assets, liabilities, and administrative account transactions owned by
complement governance, the Internal Audit unit periodically assesses the Bank until maturity, due to specific interest rate changes. EVE is
the adequacy of the overall IRRBB risk management process. long-term interest rate risk management and provides information on
the capital requirements to support/absorb IRRBB losses in the long
Regarding risks arising from new products/activities, all new term.
products/activities or variations of any products/activities that
may affect IRRBB risk exposure must be approved by management. Net Interest Income (NII) Change / Earning at Risk (EaR):
Material sources and types of risks to be identified and assessed Measurement based on changes in NII is a method that measures the
include repricing attributes, repricing periods, cash flow profiles, and impact of interest rate changes on the Bank’s earnings in the short to
embedded options. By conducting appropriate identification and medium term, generally up to 1 (one) year ahead.
assessment, IRRBB risk control can be effectively implemented.
Yield Spread Analysis:
In managing IRRBB, the Bank establishes measurement This method is used to analyze the movement of yield levels from
methodologies, monitors through various reports submitted assets and liabilities that are sensitive to interest rate changes (rate-
periodically, sets limits, and periodically reviews all measurement sensitive assets / rate-sensitive liabilities), and the magnitude of the
methodologies, models, and existing limits. yield spread generated by the Bank.
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4. Interest rate shock scenarios and stress scenarios in IRRBB c. The methodology used to estimate the Conditional
calculations using the Economic Value of Equity (EVE) and Net Prepayment Rate (CPR) of loans and/or the Time Deposit
Interest Income (NII) methods. Redemption Rate (TDRR) of term deposits.
Standard approach IRRBB calculations using the EVE and NII The Bank estimates the Conditional Prepayment Rate (CPR)
methods are performed for significant currency exposures in the for loans and/or Time Deposit Redemption rates (TDRR) for
banking book (5% of total assets or liabilities), in this case in IDR fixed-term deposits using a non-parametric method. The CPR
and USD. For the EVE method, 6 (six) interest rate change scenarios estimation utilises the single monthly mortality (SMM) rate
are used: parallel up, parallel down, steepener, flatterner, short rate measured over the past year. The SMM estimation is derived
up, and short rate down. Meanwhile, the NII method uses 2 (two) from the historical average prepayment per account for auto
interest rate change scenarios: parallel up and parallel down. The loans and housing loans each month. The prepayment rate is the
basis point interest rate changes used are as follows: ratio of total accelerated payments to the total outstanding loan
amount.
Currency Regarding the analysis of fixed-term deposit behavior (TDRR),
Scenario
Rp USD the bank also employs a non-parametric method, namely vintage
analysis, using the past year’s historical data. TDRR analysis
Parallel 400 200 is conducted for each fixed-term deposit period, derived from
the historical average of prematurely withdrawn fixed-term
Short 500 300 deposits divided by the total outstanding fixed-term deposits.
Long 350 150 However, in this standard approach to IRRBB calculation, TDRR
is not considered because the bank has imposed penalties on
customers who withdraw their deposits prematurely, which can
In addition to the above scenarios, to comprehensively capture offset the economic losses resulting from early redemption.
IRRBB risk, especially in stressful market conditions, the Bank also
calculates IRRBB using the EVE and NII methods with stress scenarios d. Other assumptions, including instruments with behavioral
determined by management according to the assumptions of existing options,
stress conditions. In this standard approach calculation of IRRBB, the Bank has
not yet calculated and included additional (add-on) for products
5. Assumptions for modeling in the Internal Measurement System that have automatic interest rate options, either explicitly
(IMS) used by the Bank. or implicitly. This is due to limitations in historical data and
The calculation of IRRBB as of December 2023 has utilised a system methodologies used.
for calculating and reporting IRRBB, which has been adjusted to the
standard approach as stipulated. e. The methodology for aggregating between currencies and the
correlation of interest rates between significant currencies.
6. Hedging against IRRBB and related accounting treatment. The Bank aggregates EVE exposure for each scenario of interest
As outlined in point 2 above, the Bank will fund assets using funding rate shock between currencies using a methodology consistent
with appropriate characteristics, including repricing attributes, with the standard approach to IRRBB calculation guidelines. In
repricing periods, cash flow profiles, and embedded options (natural the same interest rate shock scenario, only the EVE loss value
hedging) as much as possible. If residual risk still exists, the Bank can from each currency is considered. The bank also aggregates
use various financial instruments for hedging, where each hedging EVE exposure for each scenario of interest rate shock between
instrument used must be approved by ALCO. currencies by considering the correlation of interest rate
movements and generating the maximum smaller ∆EVE.
7. Main assumptions of modeling and parametrics in the calculation
of ∆EVE and ∆NII. 8. Additional information
a. The use of commercial margins and spread components in cash From the calculation of IRRBB for the December 2023 period, the
flow calculations and the discount interest rate used in EVE largest impact on IRRBB for the IDR currency occurred in the scenario
method calculations. of a 400 bps parallel increase in IDR interest rates, and for the USD
The bank, in measuring IRRBB exposure, especially in the currency, it occurred in the scenario of a 200 bps parallel decrease in
December 2023 position reporting, has not yet considered the USD interest rates. For total IRRBB, the greatest impact occurred in
commercial margin and spread components in its cash flow the scenario of a parallel increase in interest rates (parallel up).
calculations.
b. Determining the average reassessment maturity (repricing
maturities) of Non Maturity Deposits (NMD), including QUANTITATIVE ANALYSIS
unique product characteristics that influence repricing
behavior assessment.
The average and longest adjustment period for interest rate
In assessing the repricing behavior of NMD products, such as
adjustments applied to NMD.
checking and savings accounts, the Bank categorises customers
In accordance with the qualitative explanation and analysis in point 7.b.,
into three (3) categories: transactional retail, non-transactional
the average and longest adjustment periods for interest rate adjustments
retail, and wholesale. This categorisation aligns with the
for NMD are 2.78 (two point seven eight) years and 10 (ten) years,
characteristics stipulated in the Financial Services Authority
respectively.
(OJK) regulations concerning Liquidity Coverage Ratio (LCR).
Based on these three categories, the Bank conducts a pass-
through-test (PTT) per account to identify the sensitivity of each
account to changes in market interest rates. Accounts that pass
the PTT are considered to have interest rates sensitive to market
movements and are categorised as non-core deposits placed in
an overnight (O/N) time frame.
For accounts that do not pass the PTT, further assessment is
conducted to identify stable funding and less-stable funding
using percentiles from the last 10 years of historical data. Less-
stable funding is categorised as non-core deposits placed in an
overnight (O/N) time frame, while stable funding is categorised
as core deposits mapped to time frames ranging from O/N to
1 month up to 9 - 10 years, using a volatility rate model, while
adhering to time frame limitations and core deposit proportions
as stipulated by OJK regulations.
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JJ.2: RISK MANAGEMENT IMPLEMENTATION REPORT
For Interest Rate Risk in Banking Book
REPORT OF IMPLEMENTATION OF RISK MANAGEMENT
(FOR INTEREST RATE RISK IN THE BANKING BOOK/IRRBB)
Name : PT Bank Maybank Indonesia Tbk. (Consolidated)
Report Position : December 2022
QUALITATIVE ANALYSIS IRRBB risk mitigation is comprehensive and involves business units
from both asset and liability sides, in coordination with the Global
Market & Corporate Treasury unit. The Bank will endeavor to fund
1. Definition of Interest Rate Risk in the Banking Book (IRRBB) for assets using funding that has appropriate characteristics, both in
risk measurement and control. terms of repricing attributes, interest rate adjustment periods, cash
Generally, the Bank defines IRRBB as the risk resulting from interest flow profiles, and embedded options (natural hedging). If residual
rate movements in the market that are contrary to the Banking Book risks still exist, the Bank can use various financial instruments for
positions, potentially impacting the capital and earnings of the Bank hedging, where each hedging instrument used must be approved by
both currently and in the future. ALCO.
The Banking Book positions are those held by the Bank outside 3. Periodicity of IRRBB calculation and specific measurements used
of the Trading Book positions, where the Trading Book positions to measure sensitivity to IRRBB.
themselves consist of financial instruments on the balance sheet The Bank performs calculation, measurement, monitoring, and
and administrative accounts, including derivatives transactions, reporting of IRRBB periodically every month and can also be done
held by the Bank for trading purposes and can be freely transferred as needed if there are specific events/plans that can affect IRRBB
or hedged in full, whether for proprietary positions, customer exposure, such as plans for large loan disbursements, issuance of
requests, brokering activities, and market making, as well as hedging long-term funding, or changes in market interest rates.
other positions in the Trading Book. Examples of Banking Book
positions include placements with other banks, securities measured Calculations and measurements are carried out to capture several
at Fair Value through Other Comprehensive Income (FVOCI) or at primary sources of IRRBB, namely:
Amortised Cost (AC), loans, customer deposits, loans, and other Gap risk:
assets and liabilities. the risk that may cause a decrease in NII or relative changes in the
economic value of the Bank’s assets and liabilities due to differences
The impact of market interest rate movements on capital is measured in repricing timing (repricing risk) of assets and liabilities or due to
using the Economic Value of Equity (EVE) approach, which is the changes in interest rates at each tenor of the yield curve.
economic value change of the Bank’s capital obtained from the net
present value (NPV) difference of all cash flows of assets, liabilities, Basis risk:
and administrative account transactions before and after interest the risk arising from changes in the reference interest rate of a
rate movements. Meanwhile, the impact of market interest rate financial instrument with the same tenor but with different reference
movements on earnings is measured by comparing net interest interest rates, different tenors but with the same reference interest
income (NII) in a certain period before and after interest rate rate, or the same tenor and reference interest rate but with different
movements. currencies.
2. Risk management strategy and risk mitigation for IRRBB. Option risk:
IRRBB risk management starts with establishing governance the risk arising from the option features of derivative positions
appropriate to the Bank’s characteristics and complexity. Centrally, or option components inherent in most assets, liabilities, and
the authority for managing activities and risks in the Banking administrative account transactions that can change the level and
Book lies with the Assets & Liabilities Committee (ALCO), which timing of cash flows.
is daily managed by the Global Market & Corporate Treasury unit.
To support ALCO’s function, the Market, Liquidity & Treasury To calculate and measure the above primary sources of IRRBB, the
Credit Risk Management (MLTCRM) unit, specifically responsible Bank uses several methods/approaches:
for creating policies, procedures, measurement methodologies, EVE:
and monitoring and reporting IRRBB risk exposure, also monitors Measurement based on changes in EVE is a method that measures
the implementation and compliance with established policies. To the impact of interest rate changes on the economic value of the
complement governance, the Internal Audit unit periodically assesses Bank’s equity. EVE calculates the change in NPV of all cash flows from
the adequacy of the overall IRRBB risk management process. assets, liabilities, and administrative account transactions owned by
the Bank until maturity due to certain interest rate changes. EVE is
Regarding risks arising from new products/activities, all new long-term interest rate risk management and provides information
products/activities or variations of existing products/activities that about the capital needs to support/absorb IRRBB losses in the long
may affect IRRBB exposure must be approved by management. term.
Identified and assessed material sources and types of risk include
repricing attributes, interest rate adjustment periods, cash flow NII Change / Earnings at Risk (EaR):
profiles, and embedded options. By conducting appropriate Measurement based on changes in NII is a method that measures the
identification and assessment, IRRBB risk control can be effectively impact of interest rate changes on the Bank’s earnings in the short/
carried out. medium term, generally up to the next 1 (one) year.
In managing IRRBB, the Bank establishes measurement Yield Spread Analysis:
methodologies, monitors through various reports submitted This method is used to analyze the movement of yield rates from
periodically, sets limits, and periodically reviews all existing assets and liabilities that are sensitive to changes in interest rates
measurement methodologies, models, and limits. (rate-sensitive assets/rate-sensitive liabilities) and the spread of
yields generated by the Bank.
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4. Interest rate shock scenarios and stress scenarios in IRRBB For accounts that do not pass the PTT, further assessment is
calculations using the Economic Value of Equity (EVE) and Net conducted to identify stable funding and less-stable funding
Interest Income (NII) methods. portions using percentiles from historical data for the last 10
Standard approach IRRBB calculations using EVE and NII methods are years. The less-stable funding portion is categorised as non-
performed for banking book exposures in significant currencies (5% core deposits and placed on an overnight (O/N) time scale.
of total assets or liabilities), in this case, in IDR and USD. For the EVE Meanwhile, the stable funding portion is categorised as core
method, 6 (six) scenarios of interest rate changes are used: parallel deposits and mapped to time scales ranging from O/N to 1
up, parallel down, steepener, flatterner, short rate up, and short rate month up to 9 - 10 years using a volatility rate model while
down. Meanwhile, the NII method uses 2 (two) scenarios of interest adhering to time scale limitations and core deposit portion
rate changes: parallel up and parallel down. The basis point changes restrictions as per OJK regulations.
in interest rates used are as follows:
c. Methodology used to estimate Conditional Prepayment Rate
Apart from the above scenarios, to comprehensively capture (CPR) for loans and/or Time Deposit Redemption Rate (TDRR)
IRRBB risks, especially in stressful market conditions, the Bank also for fixed-term deposits.
calculates IRRBB using EVE and NII methods using stress scenarios The Bank estimates CPR value using a non-parametric method,
set by management according to the assumptions of existing stress namely by measuring the single monthly mortality (SMM) rate
conditions. with historical data for the last 1 (one) year. The SMM estimation
is obtained from the average actual prepayment per account
historically from auto loan and housing loan products for each
Currency month. The prepayment rate value is the ratio between the
Scenario
Rp USD total accelerated payment nominal and the total remaining
outstanding nominal loan.
Parallel 400 200
Regarding the analysis of fixed-term deposit behavior (TDRR),
Short 500 300 the Bank also uses a non-parametric method, namely vintage
Long 350 150 analysis, with historical data from the last 1 (one) year. TDRR
analysis is performed for each fixed-term deposit period and is
obtained from the average actual premature withdrawals divided
5. Modeling assumptions in the Internal Measurement System (IMS) by the total outstanding fixed-term deposits. However, in this
used by the Bank. standard approach IRRBB calculation, TDRR is not considered
The calculation of IRRBB as of December 2023 has utilised a system because the Bank has imposed a penalty on customers who
for IRRBB calculation and reporting, which has been adjusted to the withdraw their deposits prematurely, which can compensate for
standard approach as per regulations. the economic losses due to early redemption.
d. Other assumptions, including instruments with behavioral
6. Hedging against IRRBB and related accounting treatment. options.
As outlined in point 2 above, the Bank will endeavor to fund assets In this standard approach IRRBB calculation, the Bank has not
using funding that has appropriate characteristics, including repricing yet calculated and included add-ons for products with automatic
attributes, interest rate adjustment periods, cash flow profiles, and interest rate options, whether explicit or embedded, due to
embedded options (natural hedging). If residual risk persists, the limitations in historical data and methodology used.
Bank may use various financial instruments for hedging, where each
hedging instrument used must be approved by ALCO. e. Methodology for currency aggregation and significant inter-
currency interest rate correlations.
7. Key modeling assumptions and parameters in calculating ∆EVE The Bank aggregates ∆EVE exposure for each inter-currency
and ∆NII. interest rate shock scenario using the methodology specified in
a. Use of commercial margins and spread components in cash the standard approach IRRBB calculation guidelines, where for
flow calculations and discount interest rates used in EVE the same interest rate scenario, only the EVE loss value from
calculations. each currency is considered. The Bank also aggregates ∆EVE
In measuring IRRBB exposure, particularly in reporting the exposure for each inter-currency interest rate shock scenario by
December 2023 position, the Bank has not been able to consider considering interest rate movement correlations and produces
commercial margin components and spread components in its the smallest maximum ∆EVE.
cash flow calculations.
8 Other additional information.
b. Determination of the average repricing maturities for From the IRRBB calculation results for the December 2023 period,
Non-Maturity Deposits (NMD), including unique product the largest impact on IRRBB for IDR currency occurred in the parallel
characteristics influencing repricing behavior. interest rate increase (parallel up) scenario of IDR by 400 bps, and
In assessing repricing behavior for NMD products, such as for USD currency, the largest impact occurred in the parallel interest
current accounts and savings accounts, the Bank categorises rate decrease (parallel down) scenario of USD by 200 bps. For total
customers into 3 (three) categories: transactional retail, IRRBB, the largest impact occurred in the parallel interest rate
non-transactional retail, and wholesale, in accordance with increase scenario (parallel up).
characteristics specified in OJK regulations related to Liquidity
Coverage Ratio (LCR). Based on these 3 categories, the bank
conducts a pass-through-test (PTT) per account to identify the QUANTITATIVE ANALYSIS
sensitivity of the account to changes in market interest rates.
The bank’s PTT uses a parametric method to assess the extent
The average and longest adjustment periods for interest rates applied
of co-movement of interest rate movements per account with
to NMD.
market interest rate movements.
In accordance with the explanation and qualitative analysis in point 7.b.,
the average and longest adjustment periods for interest rates for NMD
Accounts that pass the PTT signify that they have interest rates
are 2.78 (two point seven eight) years and 10 (ten) years, respectively.
sensitive to market interest rate movements and are categorised
as non-core deposits and placed on an overnight (O/N) time
scale.
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KK: MARKET RISK
IRRBB Calculation
Bank Name : PT Bank Maybank Indonesia, Tbk. (Individual)
Position of Report : December 2023
Currency : Rp
(in million Rupiah)
∆EVE ∆NII
Period
December 2023 September 2023 December 2023 September 2023
Parallel up 2,782,855 3,207,918 1,130,240 1,070,889
Parallel down 439,568 226,307 - -
Steepener 88,693 249,901
Flattener 610,574 507,979
Short rate up 1,708,265 1,851,300
Short rate down 72,673 12,851
Absolute Negative Maximum Value 2,782,855 3,207,918 1,130,240 1,070,889
Tier 1 Capital (for ∆ EVE) or Projected Income (for ∆ NII) 23,587,233 23,353,818 5,744,576 5,744,576
Maximum amount divided by Tier 1 capital (for ∆ EVE) or 11.80% 13.74% 19.67% 18.64%
Projected Income (for ∆ NII)
Bank Name : PT Bank Maybank Indonesia, Tbk. (Consolidated)
Position of Report : December 2023
Curency : Rp
(in million Rupiah)
∆EVE ∆NII
Period
December 2023 September 2023 December 2023 September 2023
Parallel up 3,057,809 3,448,913 891,534 868,862
Parallel down 439,568 226,307 76,388 -
Steepener - 142,057
Flattener 773,638 682,191
Short rate up 1,959,080 2,092,517
Short rate down 72,673 12,851
Absolute Negative Maximum Value 3,057,809 3,448,913 891,534 868,862
Tier 1 Capital (for ∆ EVE) or Projected Income (for ∆ NII) 28,455,019 28,023,942 7,575,749 7,575,749
Maximum amount divided by Tier 1 capital (for ∆ EVE) or 10.75% 12.31% 11.77% 11.47%
Projected Income (for ∆ NII)
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LL.1: LIQUIDITY RISK
Report on Calculation for Quarterly Liquidity Coverage Ratio (LCR)
Bank Name : PT Bank Maybank Indonesia Tbk.
Position of Report : December 2023
INDIVIDUAL
December 2023 September 2023
HQLA after haircut,
No Components Outstanding outstanding commitment Outstanding
commitment and and liabilities times run- commitment and
liabilities / contractual off rate or contractual liabilities / contractual
receivables receivables times inflow receivables
rate
1 Total data used in LCR calculation 63 days
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 42,890,292
CASH OUTFLOW
3 Retail deposits and deposits from Micro and Small Business customers, 33,836,895 3,045,255 32,397,689
consist of:
a. Stable Deposit / Funding 6,768,700 338,435 6,700,581
b. Less stable deposit/funding 27,068,196 2,706,820 25,697,107
4 Wholesale Funding, consist of: 39,541,172 12,494,122 39,601,542
a. Operational deposit 20,251,048 4,868,898 19,613,154
b. Non operational deposit and/or Other Non Operational liabilities 19,262,428 7,597,528 19,903,698
c. Marketable securities issued by bank 27,696 27,696 84,691
5 Secured funding -
6 Other cash outflow (additional requirement), consist of: 69,404,010 31,316,210 68,692,841
a. cash outflow from derivative transaction 21,779,323 21,779,323 21,435,360
b. cash outflow from additional liquidity requirement - - -
c. cash outflow from liquidation of funding - - -
d. cash outflow from disbursement of loan commitment and liquidity 1,092,478 104,215 1,162,345
facilities
e. cash outflow from other contractual liabilities related to placement of 2,454 0.39 3,864
funds
f. cash outflow from other funding related contingencies liabilities 37,211,108 114,025 36,786,540
g. other contractual cash outlfow 9,318,646 9,318,646 9,304,733
7 TOTAL CASH OUTFLOW 46,855,586
CASH INFLOW
8 Secured lending - - -
9 Inflows from fully performing exposures - 4,432,743 -
10 Other Cash Inflow - 21,818,060 -
11 TOTAL CASH INFLOW - 26,250,803 -
TOTAL ADJUSTED
VALUE¹
12 TOTAL HQLA 42,890,292
13 TOTAL NET CASH OUTFLOWS 20,604,783
14 LCR (%) 208.16%
Information:
¹ Adjusted value is calculated after haircut, run-off rate, inflow rate, and HQLA components maximum limit, for example, the maximum limit of HQLA is Level 2B and
HQLA is Level 2, and the determined maximum limit of cash inflow that can be calculated in LCR.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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(in million Rupiah)
CONSOLIDATED
December 2023 September 2023
HQLA after haircut, HQLA after haircut, HQLA after haircut,
outstanding commitment Outstanding outstanding commitment Outstanding outstanding commitment
and liabilities times run- commitment and and liabilities times run- commitment and and liabilities times run-
off rate or contractual liabilities / contractual off rate or contractual liabilities / contractual off rate or contractual
receivables times inflow receivables receivables times inflow receivables receivables times inflow
rate rate rate
62 days 63 days 62 days
45,245,676 42,896,012 45,251,857
2,904,740 33,836,895 3,045,255 32,397,689 2,904,740
335,029 6,768,700 338,435 6,700,581 335,029
2,569,711 27,068,196 2,706,820 25,697,107 2,569,711
12,637,301 39,554,034 12,506,985 39,666,860 12,702,619
4,690,981 20,251,048 4,868,898 19,613,154 4,690,981
7,861,630 19,262,428 7,597,528 19,903,698 7,861,630
84,691 40,558 40,558 150,009 150,009
- - -
30,967,634 71,841,002 31,533,304 71,536,011 31,504,524
21,435,360 21,779,323 21,779,323 21,435,360 21,435,360
- - - - -
- - - - -
111,575 1,092,478 104,215 1,162,345 111,575
11.58 45,191 0.39 58,700 11.58
115,954 39,502,870 228,625 39,156,493 234,463
9,304,733 9,421,141 9,421,141 9,723,114 9,723,114
46,509,675 47,085,543 47,111,883
- - - - -
4,744,019 - 4,861,777 - 5,153,646
21,409,144 - 21,818,060 - 21,409,144
26,153,163 - 26,679,837 - 26,562,790
TOTAL ADJUSTED TOTAL ADJUSTED TOTAL ADJUSTED
VALUE¹ VALUE¹ VALUE¹
45,245,676 42,896,012 45,251,857
20,356,511 20,405,706 20,549,093
222.27% 210,22% 220.21%
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LL.2: LIQUIDITY RISK
Liquidity Adequacy Ratio Calculation Report (LCR)
Bank Name : PT Bank Maybank Indonesia Tbk. (Consolidated)
Position of Report : December 2023
ANALYSIS Bank Liquidity Management:
Liquidity risk is actively managed by several working units. The
The average daily Liquidity Coverage Ratio (LCR) throughout the Bank’s strategic liquidity management is performed centrally by
fourth quarter of 2023 stood at 208.16% (individual), still above the Corporate Treasury Liquidity Management (CTLM) unit and
the regulatory requirements. The average LCR experienced a supported operationally by other business/support units, such as
decrease of 14.11% compared to the third quarter of 2023, which the Global Market (GM) Rates business unit that performs daily
was 222.27%, primarily due to a decrease in the average High- liquidity management, credit, funding, operations, information
Quality Liquid Assets (HQLA) by Rp2.35 trillion, mostly from technology, corporate communications, and risk management.
level 1 securities held by the bank. Meanwhile, the average net Thus, the need/availability of funding arising from the Bank’s
cash outflow increased by Rp248 billion, mainly from Individual daily operational activities can be managed properly to maximise
Customer Deposits. the Bank’s performance. Also, with good cooperation between
work units, liquidity risk triggered by other risk events (credit
In Q4 2023, the composition of High Quality Liquid Assets risk, market risk, operational risk, legal risk, compliance risk,
(HQLA) consisted of 95.87% level 1 assets, 3.98% level 2A assets, reputation risk, and strategic risk) can be detected and mitigated
and the rest consisted of level 2B assets. For the composition properly and in a timely manner. Furthermore, new products/
of HQLA level 1, 28.18% came from current accounts with Bank transactions/activities that result in additional assets and
Indonesia and placements with Bank Indonesia, 68.56% of the liabilities, always go through a thorough review and approval
composition came from the purchase of government securities or process before the new products/transactions/activities are
Bank Indonesia. While the rest is in the form of cash. implemented.
In managing its liquidity, the Bank’s main source of funding In addition, the unit that specifically carries out the liquidity risk
currently comes from Third Party Funds (DPK) and if necessary, management process is the Market, Liquidity & Treasury Credit
also from money market instruments for day-to-day liquidity Risk Management (MLTCRM) unit, which is responsible for
management. In addition, to maintain a more stable funding developing policies, procedures, measurement methodologies
structure, the Bank continues to increase funding from retail and monitoring and reporting liquidity risk exposures, as well
customers/funding used for customer operational activities, and as monitoring the implementation and compliance with these
has and will also conduct funding sourced from the issuance of policies to support the functions of the Assets and Liabilities
securities and loans, both medium and long term, as needed to Committee (ALCO).
support the Bank’s overall growth.
To measure liquidity risk, the Bank sets several parameters
such as various liquidity ratios, liquidity gap analysis, and stress
testing, along with their limits. The types of ratios set include:
Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR),
Operating Cash Flow (OCF), Interbank Taking, FX Swap Funding,
Secondary Reserve, and 50 Largest Depositors, all of which aim
to control liquidity risk in accordance with the established risk
appetite.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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In strengthening the implementation of liquidity risk
management, the Bank establishes and periodically tests the
Recovery Plan (RCP) and Liquidity Contingency Plan (LCP) as
well as conducts liquidity stress testing, which aims to ensure
the Bank’s readiness in facing a liquidity crisis, including the
monitoring process of various early warning indicators (EWI) of
liquidity crisis which is carried out on a daily basis.
In addition, several strategic steps were taken to mitigate
liquidity and funding risks, including by restructuring the source
and term of funding through the issuance of securities (NCD,
MTN, Bonds) denominated in Rupiah. On the other hand, the
Bank continues to seek potential medium and/or long term
bilateral loans to support liquidity needs in USD.
CONSOLIDATION ANALYSIS
PT WOM Finance, Tbk and PT Maybank Indonesia Finance
are subsidiaries of PT Bank Maybank Indonesia Tbk, primarily
engaged in automotive financing. In the consolidation calculation
of the average daily Liquidity Coverage Ratio (LCR) throughout
the fourth quarter of 2023, the compliance level was 210.22%.
The consolidated LCR experienced a decrease of 9.99% compared
to the consolidated LCR position in the third quarter of 2023,
which was 220.21%. The decline in consolidated LCR is mainly
due to a decrease in the average High-Quality Liquid Assets
(HQLA) by Rp2.35 trillion, mostly from level 1 securities held by
the bank. Meanwhile, the average net cash outflow decreased
by Rp143 billion, primarily from a decrease in net cash outflow,
mainly from loans of subsidiaries that have matured.
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MM: LIQUIDITY RISK
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (individual)
Position of Report : December 2023
A. NSFR Calculation
September 2023
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1 Capital:
2 Regulatory Capital as per POJK 25,809,027 - - 100,000 25,909,027
KPMM
3 Other capital instruments - - - - -
4 Retail deposits and deposits 29,039,739 18,504,492 3,093,140 1,515,606 47,473,232
from micro and small business
customers:
5 Stable Deposits 7,141,990 413,891 123,963 124,527 7,420,378
6 Less Stable Deposits 21,897,749 18,090,601 2,969,177 1,391,080 40,052,855
7 Wholesale Funding: 22,375,542 39,107,647 5,613,338 2,263,754 29,164,578
8 Operational deposits 19,144,811 - - - 9,572,405
9 Other wholesale funding 3,230,732 39,107,647 5,613,338 2,263,754 19,592,173
10 Liabilities with matching - - - - -
interdependent assets
11 Other liabilities and equity:
12 NSFR derivative liabilities 997,846
13 All other liabilities and equity not 5,483,573 2,060,925 - 1,081,310 1,379,958
included in the above categories
14 TOTAL ASF 103,926,796
1 Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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December 2023
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1.1
1.2
26,268,886 - - 100,000 26,368,886 1.3
- - - - - 2
3
30,112,068 16,781,092 3,209,942 1,530,152 47,007,048 2.1
3.1
7,132,125 408,127 141,865 114,830 7,412,840 2.2
3.2
22,979,943 16,372,965 3,068,077 1,415,322 39,594,208 4
23,964,630 36,808,159 6,597,355 2,427,050 30,744,753 4.1
20,820,328 - - - 10,410,164 4.2
3,144,303 36,808,159 6,597,355 2,427,050 20,334,589 5
- - - - - 6
6.1
1,108,977 6.2 s.d. 6.5
6,096,153 2,017,061 371,113 699,371 1,287,284 7
105,407,971
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Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (individual)
Position of Report : December 2023
A. NSFR Calculation
September 2023
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
15 Total NSFR HQLA 1,476,120
16 Deposits held at other financial 1,985,206 - - - 992,603
institutions for operational
purposes
17 Performing loans and securities 506 43,074,321 13,890,061 50,444,598 64,694,699
18 to financial institutions secured by - 465,545 - - 46,554
Level 1 HQLA
19 to financial institutions secured by 506 1,271,797 924,711 3,879,053 4,532,254
non-Level 1 HQLA and unsecured
performing loans to financial
institutions
20 to non- financial corporate clients, - 35,421,443 10,293,247 28,921,344 42,415,017
retail and small business customers,
government of Indonesia, other
sovereigns, Bank Indonesia, other
central banks and pubic service
entities, of which:
21 meet a risk weight of less than or - 5,113,313 817,996 3,688,419 5,363,127
equal to 35% under SE OJK ATMR
for credit risk
22 Unpledged residential mortgages, - 501,022 1,014,441 8,523,149 8,002,408
of which:
23 meet a risk weight of less than or - 257,157 517,089 4,264,158 3,158,826
equal to 35% under SE OJK ATMR
for credit risk
24 Securities that are unpledged, not - 44,044 322,576 1,168,475 1,176,514
in default and do not qualify as
HQLA, including exchange-traded
equities
25 Assets with matching - - - - -
interdependent liabilities
26 Other assets: 20,713,532 1,906,662 96,816 171,294 22,888,304
27 Physical traded commodities, - -
including gold
28 Cash, securities and other - -
assets posted as initial margin
for derivative contracts or
contributions to default funds of
central counterparty (CCPs)
29 NSFR derivative assets - -
30 20% NSFR derivative liabilities 199,569 199,569
before deduction of variation
margin posted
31 All other assets not included in the 20,713,532 1,707,093 96,816 171,294 22,688,735
above categories
32 Off-balance sheet items 36,963,351 169,741
33 Total RSF 90,221,467
34 Net Stable Funding Ratio (%) 115.19%
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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December 2023
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1,484,345 1
2,070,308 - - - 1,035,154 2
26,690 41,212,406 15,901,368 52,119,136 66,863,827 3
- 184,785 - - 18,479 3.1.1
26,690 2,160,476 728,764 4,744,325 5,436,782 3.1.2
3.13
- 35,454,705 11,009,032 29,650,116 44,059,377 3.1.4.2
3.1.5
3.1.6
- 2,583,262 2,330,340 3,172,273 4,518,779 3.1.4.1
- 495,461 1,042,032 8,601,000 8,079,596 3.1.7.2
- 257,114 534,556 4,351,767 3,224,483 3.1.7.1
- 76,605 256,644 1,599,656 1,526,332 3.2
- - - - - 4
19,697,015 1,793,679 19,568 135,738 21,646,001 5
- - 5.1
- - 5.2
- - 5.3
221,795 221,795 5.4
19,697,015 1,571,884 19,568 135,738 21,424,206 5.5 s.d. 5.12
37,490,860 203,159 12
91,232,485 13
115.54% 14
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MM: LIQUIDITY RISK
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (Consolidated)
Position of Report : December 2023
A. NSFR Calculation
September 2023
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1 Capital: 30,074,703 - - 100,000 30,174,703
2 Regulatory Capital as per POJK 30,074,703 - - 100,000 30,174,703
KPMM
3 Other capital instruments - - - - -
4 Retail deposits and deposits 29,039,739 18,504,492 3,093,140 1,515,606 47,473,232
from micro and small business
customers:
5 Stable Deposits 7,141,990 413,891 123,963 124,527 7,420,378
6 Less Stable Deposits 21,897,749 18,090,601 2,969,177 1,391,080 40,052,855
7 Wholesale Funding: 21,867,394 40,162,861 5,885,818 5,599,664 32,636,728
8 Operational deposits 19,144,811 - - - 9,572,405
9 Other wholesale funding 2,722,583 40,162,861 5,885,818 5,599,664 23,064,322
10 Liabilities with matching - - - - -
interdependent assets
11 Other liabilities and equity:
12 NSFR derivative liabilities 997,846
13 All other liabilities and equity not 5,483,573 2,060,925 850,000 2,523,310 3,246,958
included in the above categories
14 TOTAL ASF 113,531,621
1 Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
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December 2023
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
30,831,023 - - 100,000 30,931,023
30,831,023 - - 100,000 30,931,023 1.1
1.2
- - - - - 1,3
30,112,068 16,781,092 3,209,942 1,530,152 47,007,048 2
3
7,132,125 408,127 141,865 114,830 7,412,840 2.1
3.1
22,979,943 16,372,965 3,068,077 1,415,322 39,594,208 2.2
3.2
23,583,208 37,325,256 6,969,929 5,730,119 34,234,109 4
20,820,328 - - - 10,410,164 4,1
2,762,880 37,325,256 6,969,929 5,730,119 23,823,945 4,2
- - - - - 5
6
1,108,977 6,1
6,096,153 2,017,061 1,419,113 1,943,371 3,055,284 6.2 s.d. 6.5
115,227,464 7
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Highlights Report Profile and Analysis
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (Consolidated)
Position of Report : December 2023
A. NSFR Calculation
September 2023
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
15 Total NSFR HQLA 1,476,120
16 Deposits held at other financial 1,985,206 - - - 992,603
institutions for operational
purposes
17 Performing loans and securities 194 44,874,640 17,088,726 58,541,717 74,039,877
18 to financial institutions secured by - 465,545 - - 46,554
Level 1 HQLA
19 to financial institutions secured by 194 1,271,670 924,442 3,633,294 4,286,295
non-Level 1 HQLA and unsecured
performing loans to financial
institutions
20 to non- financial corporate clients, - 37,221,890 13,492,181 37,264,222 52,006,153
retail and small business customers,
government of Indonesia, other
sovereigns, Bank Indonesia, other
central banks and pubic service
entities, of which:
21 meet a risk weight of less than or - 5,113,313 817,996 3,688,419 5,363,127
equal to 35% under SE OJK ATMR
for credit risk
22 Unpledged residential mortgages, - 501,022 1,014,441 8,523,149 8,002,408
of which:
23 meet a risk weight of less than or - 257,157 517,089 4,264,158 3,158,826
equal to 35% under SE OJK ATMR
for credit risk
24 Securities that are unpledged, not - 44,044 322,576 1,168,475 1,176,514
in default and do not qualify as
HQLA, including exchange-traded
equities
25 Assets with matching - - - - -
interdependent liabilities
26 Other assets: 20,766,653 1,373,970 110,941 205,212 22,456,776
27 Physical traded commodities, - -
including gold
28 Cash, securities and other - -
assets posted as initial margin
for derivative contracts or
contributions to default funds of
central counterparty (CCPs)
29 NSFR derivative assets - -
30 20% NSFR derivative liabilities 199,569 199,569
before deduction of variation
margin posted
31 All other assets not included in the 20,766,653 1,174,401 110,941 205,212 22,257,207
above categories
32 Off-balance sheet items 39,255,351 284,341
33 Total RSF 99,249,717
34 Net Stable Funding Ratio (%) 114.39%
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
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December 2023
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1,484,345 1
2,070,308 - - - 1,035,154 2
26,440 43,129,217 19,301,317 60,721,127 76,798,336 3
- 184,785 - - 18,479 3.1.1
26,440 2,160,358 728,516 4,507,211 5,199,488 3.1.2
3.1.3
- 37,371,634 14,409,229 38,489,221 54,231,179 3.1.4.2
3.1.5
3.1.6
- 2,583,262 2,330,340 3,172,273 4,518,779 3.1.4.1
- 495,461 1,042,032 8,601,000 8,079,596 3.1.7.2
- 257,114 534,556 4,351,767 3,224,483 3.1.7.1
- 76,605 256,644 1,599,656 1,526,332 3,2
- - - - - 4
19,738,735 1,259,057 33,793 175,145 21,206,730 5
- - 5,1
- - 5,2
- - 5,3
221,795 221,795 5,4
19,738,735 1,037,262 33,793 175,145 20,984,935 5.5 S.D. 5.12
39,782,860 317,759 12
100,842,323 13
114.26% 14
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Highlights Report Profile and Analysis
B. NSFR Development Analysis
INDIVIDUAL ANALYSIS
Individual NSFR for the position in December 2023 was 115.54%, where ASF was Rp105.41 trillion and RSF was Rp91.23 trillion.
The NSFR position increased by 0.35% compared to the position in September 2023, mainly due to the increase in ASF (after weighting) by Rp1.48 trillion,
mostly from operational deposits and corporate customer funding. On the other hand, RSF (after weighting) also increased by Rp1.01 trillion, mainly from loans
categorised as Current and Special Mention.
The composition of ASF was mostly derived from deposits from retail customers and funding from corporate customers which in total (after adjusted) reached
Rp77.75 trillion or 73.76% of total ASF, while the rest came from issued capital and securities. Funding with a maturity of more than 1 (one) year is Rp4.66 trillion.
For RSF, its composition is mostly dominated by loans with the category Current and Special Attention (performing) which reached Rp66.86 trillion (after
weighting) or 73.29% of the total RSF. The amount of loans categorised as Current and Special Attention (performing) with maturities of more than 1 (one) year
amounted to Rp49.85 trillion.
CONSOLIDATION ANALYSIS
PT WOM Finance, Tbk. and PT. Maybank Indonesia Finance is a subsidiary of PT Bank Maybank Indonesia Tbk, where the main activity is engaged in automotive
financing.
Consolidated NSFR with subsidiaries position in December 2023 was 114.26% (1.27% lower than individual NSFR Banks), with total ASF (after weighting) of
Rp115.23 trillion and RSF (after weighting) of Rp100.84 trillion.
Compared to the position of ASF Bank as an individual, ASF on a consolidated basis was higher at Rp9.82 trillion originating from Capital, Securities issued by
subsidiaries and subsidiary loans. Meanwhile, the RSF was higher at Rp8.69 trillion, most of which came from loans provided by subsidiaries.
On a consolidated basis, total funding with maturities of more than 1 (one) year is Rp9.20 trillion, while the total loans classified as Current and Special Mention
(performing) with maturities of more than 1 (one) year are Rp60.72 trillion.
NN: LIQUIDITY RISK
Encumbered Assets (ENC)
a b c d
Encumbered Assets Assets deposited or pledged Unencumbered Total
with the central bank but Assets
not yet generating liquidity
Assets in the balance sheets can be 2,100,998.10 4,718,549.22 37,191,203.30 44,010,750.61
presented in details as needed.
Qualitative Analysis
(a) Encumbered assets are bank assets that are restricted for liquidity purposes, legally and contractually by the Bank in times of stress. Encumbered
assets do not include assets that are deposited or agreed with Bank Indonesia but have not been used to generate liquidity. As of June 2023, the
Bank has securities pledged as collateral for repo transactions amounting to Rp2,10 trillion.
(b) The Bank currently has assets deposited or agreed with Bank Indonesia but has not been used to generate liquidity as stipulated in POJK Number
42/POJK.03/2015 regarding the Obligation to Fulfill the Liquidity Coverage Ratio for Commercial Banks, namely in the form of securities that meet
the criteria for Macroprudential Liquidity Buffer (PLM) amounting to Rp4,72 trillion.
(c) Unrestricted assets are assets that qualify as High Quality Liquid Asset (HQLA) as stipulated in POJK Number 42/POJK.03/2015 regarding the
Obligation to Fulfill the Liquidity Coverage Ratio for Commercial Banks. The Bank has unrestricted assets of Rp37,19 trillion, in the form of cash,
government securities, corporate securities and securities received as collateral from reverse repo transactions.
Notes: Figures are in million Rupiah unless otherwise stated
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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OO: LIQUIDITY RISK
Liquidity Risk Management (LIQA)
Bank Liquidity Management: The Bank continues to review and periodically update all policies
Liquidity risk can occur when a bank is unable to meet its and guidelines to be adapted to the Bank’s liquidity conditions as
financial obligations to customers or counterparties in a timely well as harmonise with the latest regulations from regulators and
manner at a reasonable cost. Liquidity risk management is very banking industry best practices both locally and internationally.
important because it can have a significant impact on business In addition, the Bank will ensure the implementation and
continuity. The Bank always strives to ensure that any liquidity alignment of related policies and guidelines regarding the
needs and current and future funding can be met in both normal management of liquidity risk in overseas subsidiaries and
market conditions and crisis conditions. branches.
In managing its liquidity, the Bank’s main source of funding To measure liquidity risk, the Bank determines several
comes from Third Party Funds (DPK) and if needed, also from parameters such as various liquidity ratios, liquidity gap analysis,
money market instruments for day-to-day liquidity management. and stress testing, along with their limits. The Bank will review
In addition, to maintain a more stable funding structure, the at least once a year on all liquidity risk limits, to be adjusted
Bank can issue securities, make medium-term loans, or issue to the risk appetite, strategy and budget set, and approved by
shares to strengthen capital. the competent committee. The types of ratios determined in
managing liquidity risk include: Liquidity Coverage Ratio (LCR),
The Bank’s liquidity management is carried out centrally by the Net Stable Funding Ratio (NSFR), Operating Cash Flow (OCF),
Treasury in collaboration with other business/supporting units, Interbank Taking, FX Swap Funding, Secondary Reserve, and the
such as credit, funding, operations, information technology, 50 Largest Depositors.
corporate communications, and risk management business
units. Thus, the need/availability of funding arising from The In strengthening the implementation of liquidity risk
bank’s daily operational activities can be managed properly to management, the Bank establishes and regularly tests the
maximise the Bank’s performance. Also, with good cooperation Recovery Plan (RCP) and Emergency Funding Plan (LCP) as well
between work units, liquidity risk is triggered by other risk events as makes liquidity stress testing, which aims to ensure the Bank’s
(credit risk, market risk, operational risk, legal risk, financial risk). readiness to face liquidity crises, including is the process of
compliance, reputation risk and strategic risk) can be detected monitoring various early warning indicators (EWI) of liquidity
and mitigated correctly and in a timely manner. Furthermore, crises which is carried out on a daily basis
new products/transactions/activities that result in additional
assets and liabilities, always go through a careful review and In addition, several strategic steps were taken to mitigate
approval process before the product/ the new transaction/ liquidity and funding risks, among others by restructuring the
activity is executed. sources and terms of funding through the issuance of securities
(NCD, MTN, Bonds) denominated in rupiah. On the other hand,
In addition, the unit that specifically carries out the liquidity the Bank is always looking for potential medium and/or long
risk management process is the Market, Liquidity & Treasury term bilateral loans to support liquidity needs in USD
Credit Risk Management (MLTCRM) unit, which is responsible
for making policies, procedures, measurement methodologies
and monitoring and reporting liquidity risk exposures as well
as monitor the implementation of and compliance with these
policies to support the functioning of the Assets and Liabilities
Committee (ALCO).
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Highlights Report Profile and Analysis
PP: OPERATIONAL RISK
General Qualitative Disclosures
Based on OJK Regulation No. 18/POJK.03/2016, operational risk This model establishes clear accountability and facilitates the
is defined as the risk caused by inadequacy or malfunction of three lines of defense, consisting of:
internal processes, human errors, system failures, or external • The first line being the risk owner units managing
events impacting the Bank’s operational activities. day-to-day inherent operational risks in business
and/or activities. This unit should be able to identify,
The main objective of risk management for operational risk is assess, measure, control, mitigate, monitor, and report
to minimise the likelihood of negative impacts resulting from operational risk exposures.
malfunctioning internal processes, human errors, system failures, • The second line being the risk oversight unit providing
and/or external events. supervision and governance, assurance, monitoring, and
reporting of operational risk exposures to the Board
Operational risk management is consistently carried out within of Commissioners/Directors, committees, and senior
the framework and by determining strategies and mitigations to management.
achieve an optimal balance between operational risk exposure, • The third line being the Internal Audit Unit (IAU) as
the effectiveness of control mechanisms, and risk appetite. the third line to formally and consistently execute
responsibilities to ensure operational risks are effectively
1. Bank’s Operational Risk Governance Model managed and in line with the risk appetite set by the Risk
The bank’s operational risk governance model is based Management Committee (RMC).
on the Three Lines of Defense, which aligns with the Risk
Management Framework and is regulated in operational 2. Tools Used by the Bank to Identify and Measure
risk policies and procedures to ensure effective operational Operational Risks
risk management for all parts of the bank. This model also In order to implement effective Operational Risk
provides a formal, transparent, and effective governance Management, the bank is equipped with complementary
structure that encourages active involvement of the Board of operational risk management tools. Operational risk tools
Directors and Commissioners through the Risk Management include:
Committee (RMC) and Risk Oversight Committee (ROC), and • Risk & Control Self-Assessment (RCSA), a tool to identify
Senior Management. and measure forward-looking operational risks, essential
for identifying potential risks from the execution of each
end-to-end process that may result in material losses or
adverse impacts on the Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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• Key Risk Indicators (KRI), measurement tools for 4. Operational Risk Disclosure
monitoring operational risk exposure over time. Effective Regarding the implementation of ATMR calculation for
KRIs can serve as early warning signals of risk changes by Operational Risk using the Standard Approach since
providing an overview of the operational risk exposure January 2023 in accordance with OJK Circular Letter No.
status and control effectiveness in business operations. 06/SEOJK.03/2020 on the Calculation of Risk-Weighted
• Incident Management and Data Collection (IMDC) used Assets for Operational Risk using the Standard Approach for
in identifying, measuring, monitoring, reporting, and Commercial Banks, the Bank provides information on the
managing consistent bank operational risk. This process Implementation Report of Operational Risk Management
also facilitates the formation of a centralised database and the ATMR Calculation Report for Operational Risk as of
of consistent and standardised operational risk incident December 2022 data, which applies throughout 2023 and is
information ready for analysis and reporting. considered in the 2023 KPMM.
3. Mechanisms to Mitigate Operational Risks
• Adequate periodic analysis of actual losses, potential
losses, and near misses regarding operational risk
incidents is crucial to provide input to RMC and ROC
on the operational risk exposures experienced and as
a reference for management for more effective action
recommendations.
• Risk mitigation tools can be used to reduce risk to an
acceptable level as defined in the management’s risk
appetite. These tools can include, but are not limited
to, procedures and systems with adequate controls,
Business Continuity Management (BCM), insurance, and
outsourcing.
• The Bank also enhances human resources through
continuous education and training on operational risks.
This aims to ensure employees’ capabilities in performing
tasks effectively and promptly identifying operational
risks if encountered in daily work activities.
• Reviewing and/or revising existing policies and
procedural systems within the company.
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Highlights Report Profile and Analysis
1. Report on RWA Calculation for Operational Risk of the Bank (Individual)
1.1. Form D1: Historical Loss Data Report
No Business Indicator (BI) and component BI T T-1 T-2
Minimum limit of an operational loss event of Rp300,000,000.00 (three hundred million Rupiahs) or more
1 Total net operating loss after calculating the recovery value (without exception) 1,272.00 15,653.20 9,815.52
2 Total occurrence of operational risk loss 3.00 9.00 17.00
3 Total excluded operational risk loss 00.00 00.00 00.00
4 Total occurrence of excluded operational risk loss 00.00 00.00 00.00
5 Total net operating loss after calculating the recovery value and excluded operational risk losses 1,272.00 15,653.20 9,815.52
Minimum limit of an operational loss event of Rp1,500,000,000.00 (one billion Rupiahs) or more
6 Total net operating loss after calculating the recovery value (without exception)
7 Total occurrence of operational risk loss
8 Total excluded operational risk loss
9 Total occurrence of excluded operational risk loss
10 Total net operating loss after calculating the recovery value and excluded operational risk losses
Details of capital calculation for operational risks
11 Are losses used in calculating the Internal Loss Multiplier (ILM)? (Yes/No) T
12 If line 11 answer is ‘No’, is the internal loss data not use because of a discrepancy of the minimum Y
standards for loss data? (Yes/No)
13 Threshold used in calculating capital for operational risks (in Rupiah full amount) 300,000,000.00
14 Other information (if any) Optional
1.2. Form D3 – Business Indicator Detailed Report
No Business Indicator (BI) and component BI T T-1 T-2
1 Interest, Rent and Dividend Components 3,635,508.95
1a. Interest Income 14,868,503.36 13,174,366.18 13,676,814.46
1b. Interest Expense 10,020,692.03 8,030,818.62 8,349,001.67
1c. Earning Assets 161,576,414.17 152,066,645.74 160,426,906.12
1d. Dividend Income 217,246.64 22,659.13 46.83
2 Services Components 1,511,119.72
2a. Fees and Commission Income 726,900.39 785,365.91 862,928.15
2b. Fees and Commission Expenses 00,00 00,00 00,00
2c. Other Operating Income 609,531.66 1,167,242.60 381,390.45
2d. Other Operating Expenses 254,947.87 460,424.36 523,137.73
3 Financial Components 1,249,742.86
3a. Net Profit Loss Trading Book 00,00 00,00 00,00
3b. Net Profit Loss Banking Book 1,456,031.85 1,017,070.23 1,276,126.51
4 IB 6,396,371.53
5 Business Indicator Components (BIC) 767,564.58
Business Indicator Disclosure
6a. Total BI including divested activities 6,396,371.53
6b. BI reduction due to the exclusion of divested activities 00,00
7 Additional information Optional
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Average
T-3 T-4 T-5 T-6 T-7 T-8 T-9
10 Years
57,093.74 20.39 15,823.98 262,123.56 450.91 9,469.65 6,271.33 37,799.43
12.00 14.00 6.00 11.00 11.00 .00 15.00 19.00 11.70
00.00 00.00 00.00 00.00 00.00 00.00 00.00 .00
00.00 00.00 00.00 00.00 00.00 00.00 00.00 .00
57,093.74 20.39 15,823.98 262,123.56 450.91 9,469.65 6,271.33 37,799.43
1.3. Form D5 – RWA Calculation Report for Operational Risk using Standard Approach
No. Details T
1 Business Indicator Components (BIC) 767,564.58
2 Internal Loss Multiplier Factor (ILM) 1.00000000
3 Operational Risk Minimum Capital (ROC) 767,564.58
4 RWA for Operational Risks 9,594,557.25
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Highlights Report Profile and Analysis
2. Report on RWA Calculation for Operational Risk of the Bank (Consolidated)
2.1. Form D1 – Historical Loss Data Report
No Business Indicator (BI) and component BI T T-1 T-2
Minimum limit of an operational loss event of Rp300,000,000.00 (three hundred million Rupiahs) or more
1 Total net operating loss after calculating the recovery value (without exception) 1.678,16 15.653,20 9.815,52
2 Total occurrence of operational risk loss 3,00 10,00 17,00
3 Total excluded operational risk loss 0,00 0,00 0,00
4 Total occurrence of excluded operational risk loss 0,00 0,00 0,00
5 Total net operating loss after calculating the recovery value and excluded operational risk losses 1.678,16 15.653,20 9.815,52
Minimum limit of an operational loss event of Rp1,500,000,000.00 (one billion Rupiahs) or more
6 Total net operating loss after calculating the recovery value (without exception)
7 Total occurrence of operational risk loss
8 Total excluded operational risk loss
9 Total occurrence of excluded operational risk loss
10 Total net operating loss after calculating the recovery value and excluded operational risk losses
Details of capital calculation for operational risks
11 Are losses used in calculating the Internal Loss Multiplier (ILM)? (Yes/No) T
12 If line 11 answer is ‘No’, is the internal loss data not use because of a discrepancy of the Y
minimum standards for loss data? (Yes/No)
13 Threshold used in calculating capital for operational risks (in Rupiah full amount) 300.000.000,00
14 Other information (if any) Optional
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Average
T-3 T-4 T-5 T-6 T-7 T-8 T-9
10 Years
57.093,74 20,39 15.823,98 262.123,56 450,91 9.792,90 6.271,33 37.872,37
12,00 14,00 6,00 12,00 11,00 18,00 20,00 12,30
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
57.093,74 20,39 15.823,98 262.123,56 450,91 9.792,90 6.271,33 37.872,37
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Highlights Report Profile and Analysis
2.2. Form D3 – Business Indicator Detailed Report
No Business Indicator (BI) and component BI T T-1 T-2
1 Interest, Rent and Dividend Components 3,925,989.96
1a. Interest Incomes 17.509.984,96 15.416.587,63 15.747.870,70
1b. Interest Expenses 10.631.725,26 8.556.869,50 8.949.020,61
1c. Earning Assets 175.564.098,04 164.476.292,91 171.946.945,08
1d. Dividend Incomes 228.256,60 16.556,40 13.441,83
2 Services Components 1,871,945.36
2a. Fees and Commission Incomes 768.184,55 830.861,85 946.677,88
2b. Fees and Commission Expenses 00,00 00,00 00,00
2c. Other Operating Incomes 750.886,12 1.552.866,95 766.358,73
2d. Other Operating Expenses 325.519,71 504.493,55 580.857,45
3 Financial Components 1,250,137.14
3a. Net Profit Loss Trading Book 00.00 00.00 00.00
3b. Net Profit Loss Banking Book 1.456.165,83 1.017.976,08 1.276.269,50
4 Business Indicator (BI) 7.048.072,46
5 Business Indicator Components (BIC) 845.768,70
Business Indicator Disclosure
6a. Total BI including divested activities 7.048.072,46
6b. BI reduction due to the exclusion of divested activities 00.00
7 Additional information Optional
2.3. Form D5 – RWA Calculation Report for Operational Risk using Standard Approach
No. Detail T
1 Business Indicator Components (BIC) 845,768.70
2 Internal Loss Multiplier Factor (ILM) 1.00000000
3 Operational Risk Minimum Capital (ROC) 845,768.70
4 RWA for Operational Risks 10,572,108.75
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RR: LEGAL RISK
General Qualitative Disclosures
Definition: With the existence of the Corporate Legal & Litigation work
Legal risk is the risk due to lawsuits and/or the weakness of the unit, legal policies and legal document standards related
juridical aspect. The weakness of the juridical aspect is caused, to banking products or facilities offered by the Bank to the
among others, by the absence of supporting legislation or public, where legal policies and legal document standards are
the weakness of the engagement, such as the nonfulfillment made by referring to the provisions of the applicable laws and
of the conditions for the validity of the contract and the regulations and taking into account the interests of juridical
incomplete binding of documents. Legal risk may also arise from aspects of the Bank.
changes to the applicable laws and regulations, as well as the
implementation of court decisions that may result in losses for In addition, one of the functions of the Corporate Legal &
the Bank. Litigation work unit is to handle any legal issues related to
litigation so that legal risks that may arise can be minimised
As a company established within the legal jurisdiction of the to a minimum.
Republic of Indonesia, the Bank must always comply with all
Indonesian legal regulations, including those issued by relevant Legal risk management is carried out by monitoring the
regulators, including the Financial Services Authority and Bank development of legal cases that occur and taking lessons
Indonesia. In addition, the Bank must also comply with all forms from these cases. The handling of legal cases carried out at
of applicable laws and regulations in the community, both the Bank always takes into account potential losses, either
directly and indirectly related to the Bank’s business activities. on amicable settlement of cases or through the courts. The
The failure of the Bank to comply with the applicable legal Bank also pays special attention to legal cases that have the
regulations may result in the emergence of lawsuits that will be potential to cause significant losses.
directed to the Bank.
Risk Mitigation Strategy:
To mitigate legal risks that may arise as a result of lawsuits or
juridical weaknesses, the Bank has a Corporate Legal & Litigation
work unit. The Corporate Legal & Litigation work unit has the
following roles:
1. Conducting legal analysis of new products and activities
as well as standardising legal documents related to these
products and activities;
2. Provide legal analysis/advice to the Board of Directors, all
work units and employees at every level of the organisation;
3. Provide advice on legal exposure due to changes in
provisions or regulations;
4. Examine all agreements that will be made between the Bank
and third parties;
5. Conduct periodic inspections of the agreements that have
been made;
6. Monitor legal risks in the Bank’s branches
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Highlights Report Profile and Analysis
SS: REPUTATIONAL RISK
General Qualitative Disclosures
In the Q4-2023, the Reputation Risk composite rating is Low In order to further strengthen the quality of Reputation Risk
(inherent risk rating = Low and KPMR rating = Satisfactory). management implementation, the Bank has formulated a
Reputation Risk Management Policy and has communicated it to
Overall, several components of the risk profile, especially the all work units/divisions/branches of the Bank so that it can run
frequency, materiality and exposure to negative news, show an optimally.
improving level of risk.
The Bank monitors media coverage every day to monitor
The assessment factors are as follows: negative publications or customer complaints that appear in
1. Effect of Reputation of Bank Owners and Related the media and then follow up on solutions. For negative news
Companies and customer complaints that appear in the media, further
Overall, several components of the risk profile in the owner clarification and responses are made in accordance with the steps
of the Bank and related companies reputation influence taken by the Bank.
factor show that the level of risk is still suitable with the
limits set by the Bank. Likewise, for material information or that is important for
stakeholders to know, the Bank also prepares guidelines for
2. Business Ethics Violation frontliners and spokespersons so that they can explain the
Overall, several components of the risk profile in business information correctly and proportionately to customers and
ethics violations indicate a level of risk that is still suitable other stakeholders.
with the limits set by the Bank.
Definition:
3. Product Complexity and Bank Business Cooperation Reputation risk is the risk associated with a decrease in the level
Overall, several components of the risk profile for the of stakeholder trust that arises from negative perceptions of
product complexity factor and the Bank’s business the company. This risk arises when the company’s reputation is
cooperation show a level of risk that is still suitable with the affected by one or more events that have a negative impact on
limits set by the Bank. the company’s reputation, arising from negative publications
about the company’s business activities, or financial condition.
4. Frequency, Materiality and Exposure to Negative Bank Regardless of the truth, negative publications can reduce public
News confidence in the bank, which can have fatal consequences such
Overall, several components of the risk profile for the factors as litigation claims, a decrease in the number of customers,
of frequency, materiality and exposure to negative news business and/or company revenues.
of the Bank show a low level of risk, although there is still
negative news about the Bank, this is still suitable with the Risk Mitigation Strategy:
limits set by the Bank. Reputation risk is maintained through the management of all
risks that have the potential to affect the Bank’s reputation
5. Frequency and Materiality of Customer Complaints through good corporate governance and effective risk
Overall, several components of the risk profile for the management processes. Reputation risk management is
frequency and materiality factor of customer complaints carried out through active monitoring of circulating news,
show a low level of risk, although there are still customer information on market developments, stakeholder perceptions
complaints against the Bank, these are still suitable with the and publications in the mass media managed by the Corporate &
limits set by the Bank. Brand Communications Unit. Customer complaints received by
the Bank will be followed up by the Centralised Customer Care
Reputational risk is maintained by managing all risks with Unit properly and in accordance with the specified deadline.
the potential to affect the Bank’s reputation through good
corporate governance and effective risk management processes.
In managing reputation risk, especially in dealing with what
happened in Q4-2022, the Bank has provided responses and
clarifications so that reputation risk can be mitigated very well.
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TT: STRATEGIC RISK
General Qualitative Disclosures
Definition: 2. Accelerating Digitalisation and Technology Modernisation
Strategic risk is the risk resulting from making inappropriate The Bank continues to develop features in digital banking
strategic decisions, failure to anticipate changes in the business and technological innovations, while enhancing our digital
environment, inability to implement a strategic decision, or a platform and infrastructure to provide secure, efficient, and
combination of these. This risk also includes the Bank’s ability user-friendly services.
to create a competitive advantage in the midst of increasingly • The Bank has launched government bond products,
intense banking competition. Inability to face these business website updates, and new payment options on M2U.
challenges, which continue to change from time to time, will • The Bank has launched the Local Currency Settlement
result in failure to achieve the vision that has been set. feature on M2E.
• The Bank has automated several operational processes,
Risk Mitigation Strategy: including credit disbursement processes, using Robotic
The Bank formulates risk mitigation for strategic initiatives Process Automation (RPA) technology.
and service development plans by considering competitiveness 3. Regional Growth as 1-Maybank
and competitive advantage factors, market conditions, The Bank strengthens Maybank’s position outside Malaysia,
regulations and business environment. Implementation of with increased collaboration among entities in Indonesia,
the bank’s strategic programs is carried out with supervision including MAM, MSID, and Etiqa.
and governance to facilitate acceleration, risk mitigation and • Collaboration with MAM, MSID, and Etiqa entities is
escalation needs and direction in strategic decision making. The done through the launch of new products and services
bank also continues to evaluate the long-term strategic plan that such as RDN opening and VA payments.
has been prepared, by looking at developments that occur as • Ongoing collaboration with the Maybank group is also
well as market conditions after the pandemic, competition and conducted for cross-border loans in selected industries.
current bank performance. 4. Driving Leadership in Sustainability Agenda
With a commitment to drive the sustainability agenda, the
As restrictions on community activities and mobilisation are Bank has set new standards in responsible banking and
eased, the Bank is again actively conducting customer visits to positively contributed to the environment and society.
obtain feedback on banking and transactional needs, as well • The Bank has launched the first social credit distribution
as becoming a strategic partner to provide solutions for each with leading ultra-micro enterprises in Indonesia.
customer’s needs. • The Bank has launched high-impact sustainability
initiatives such as tree planting and SME events.
With the aim of supporting the achievement of business goals 5. Achieving Leading Global Leadership in Islamic Banking
and long-term objectives, the Bank has undertaken various In order to achieve the aspiration of becoming a leader
strategic initiatives throughout 2023 in line with the 5 Strategic in Islamic banking, the Bank has developed and offered
Thrusts: innovative financial solutions compliant with Shariah
1. Enhancing Customer Focus principles.
The Bank has provided personalised and tailored solutions • The Bank has launched the Sharia First strategy and
to meet the evolving needs and preferences of our diverse adjusted Shariah KPIs from business directors, resulting
client base. in an increase in CASA acquisition and Shariah asset
• In Global Banking, the bank has welcomed several new proportion.
corporate clients, ranging from local companies to • The Bank has also launched new innovative products
multinational corporations. such as Shariah Wealth Management (SWM) and Kafalah
• In Non-Retail CFS, the bank has refined its approach Koolpay to expand Sharia-based services to retail and
to SME customer segmentation, enhancing the bank’s non-retail customers.
ability to tailor product offerings and solutions to
effectively meet the unique needs within the SME
segment.
• In Retail CFS, the bank has launched various programs for
premier, privilege, and mass banking segments, as well
as enhanced automotive financing which is experiencing
increasing consumption nationwide.
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UU: COMPLIANCE RISK
General Qualitative Disclosures
Along with the increasing risks in the management of Indonesian The Business & Support Unit, which is the first line of defense, is
banking, the Compliance Directorate always emphasises the responsible for managing compliance risks inherent in day-to-day
implementation of Compliance Culture at all levels of the business/operational activities. Its primary responsibility is to
organisation and business activities of the Bank. This is because manage compliance risk in the Bank’s lines of business.
the management of Compliance Risk is the responsibility of all
business and support units in the Bank. The Compliance Unit, which is the second line of defense, must
supervise the implementation of the Compliance Function,
In accordance with the provisions of the Financial Services including in overseas branches. Supervision of subsidiaries
Authority Regulation No. 46/POJK.03/2017 dated July 12, 2017 and sister companies is conducted within the corridor of the
concerning the Implementation of the Compliance Function of implementation of OJK Regulation on Integrated Governance.
Commercial Banks, Compliance Risk is defined as the risk arising The Compliance Unit is responsible for overseeing and
from the Bank’s failure to comply with and/or not implement the supporting compliance with regulations issued by the Regulators
provisions of laws and regulations, including Sharia Principles for (OJK & BI), particularly in high-risk areas. The Compliance Unit
Sharia Commercial Banks and Sharia Business Units. Meanwhile, is also required to independently supervise the operational
the Basel Committee defines Compliance Risk as the risk of legal activities and procedures established to comply with the
and regulatory sanctions, financial loss or reputational damage regulations issued by the Regulators and mitigate compliance
that may be suffered by the Bank as a result of non-compliance risks and violations.
with applicable laws, regulations and internal policies as well as
codes of ethics and codes of conduct applicable to its business Furthermore, the activities of the Compliance Function are also
activities. the scope for the Internal Audit Unit (SKAI) as the Bank’s third
line of defense in conducting periodic reviews.
The Bank’s Compliance Organisation Structure is led by a
Director in charge of the Compliance Function. In order to create In order to manage the Bank’s Compliance Risk, the Compliance
a Compliance Culture, the Bank has a Compliance Working Unit, Working Unit carries out a number of activities in order to
which is formed separately, independent of the operational support and improve the Compliance Culture at all levels of the
working unit and free from the influence of other working units, organisation, including the following:
and has direct access to the Director in charge of the Compliance 1. Establishment of compliance strategies and programs
Function. The Compliance Working Unit is tasked with effectively (Compliance Program)
managing Compliance Risks faced by the Bank, realising the 2. Identify, measure, monitor, and control Compliance Risk
implementation of Compliance Culture at all levels of the through:
organisation and business activities of the Bank and monitoring a. Self-assessment of Compliance Risk profile.
the fulfillment of commitments that have been made to the b. Self-assessment of the implementation of good
competent authorities as well as assessing and/or evaluating corporate governance both individually and on a
the adequacy and suitability of policies, systems and procedures consolidated basis with subsidiaries.
owned by the Bank against the provisions of Bank Indonesia c. Monitor follow-up on Compliance Risks incurred for
(BI), the Financial Services Authority (OJK) and other applicable compliance status report.
laws and regulations, as well as recommending updates and 3. Monitoring the fulfillment of prudential banking ratios.
improvements to policies, systems and procedures based on 4. Continuous communication with the Syariah Supervisory
regulatory developments. In relation to the implementation Board (DPS) regarding the implementation of the compliance
of Anti-Money Laundering and Countering the Financing of function of the Bank’s Shariah Business Unit (UUS).
Terrorism (AML/CFT) principles, the Bank also has a Financial 5. Conduct reviews related to the submission and reporting of
Crime Compliance Unit that functions to implement AML/CFT new products and activities in order to obtain approval from
programs bankwide by referring to laws and regulations related the Regulator and ensure that new products and activities
to AML/CFT. are in accordance with Regulatory regulations.
Compliance Risk Management is the responsibility of every
employee at different levels of the hierarchy. The Bank’s
Compliance Risk governance structure emphasises the Board of
Directors, Senior Management, business/operational units and
control and reporting functions.
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6. Conducting studies and/or recommending updates and 17. Ensure compliance of working units/branch offices with
improvements to the Bank’s policies, provisions, systems regulations relevant to the Bank’s business and operations
and procedures, based on gap analysis of new provisions issued by Regulators (OJK and BI) and other Regulators
issued by OJK, BI, and other laws and regulations and to see through:
the possibility of simplification as long as it does not conflict a. Compliance Plan Self-Assessment (CPSA) which is a
with the applicable provisions. self-assessment tool for working units and branches
7. Assessing and evaluating the effectiveness, adequacy, to measure the level of compliance with Regulatory
and suitability of the Bank’s policies/procedures and regulations relevant to the Bank’s business and
making efforts to ensure that policies, provisions, systems, operations, and is also one of the control tools in
procedures, and their implementation in the Bank are in conducting compliance tests on working units and
accordance with the applicable Regulatory provisions, this branches.
is done by conducting studies and providing input in the b. Validate the Compliance Plan Self-Assessment (CPSA)
form of, among others, Compliance Review Sheet, electronic that has been done by work units and branch offices.
mail (e-mail), memorandum or in the form of discussions or c. Conduct periodic compliance testing in accordance with
meetings. the Compliance Program & Plan to assess the fulfillment
8. Monitoring the action plan of the work unit on new of work units/branch offices on compliance obligations
regulations issued by OJK, BI, and other laws and regulations. contained in regulations issued by Regulators (OJK and
9. Increase Compliance Awareness Campaign activities, among BI) and other Regulators.
others by publishing Compliance Flash or Compliance Brief,
compliance-related information on computer screens,
posters or other means of communication.
10. Organising a Compliance Workshop aimed at sharing
knowledge for compliance employees and work unit leaders VV-YY: GOVERNANCE
to improve understanding of compliance.
11. Provide training/socialisation to employees in working Remuneration Policy
units and/or branch offices on Compliance Awareness and/
or Banking Regulations in order to increase understanding Explanation of the Remuneration Policy refers to the discussion
and awareness of Compliance Culture which is part of the in the Corporate Governance chapter of this Annual Report.
corporate culture.
12. Submit reports related to the Compliance Function
periodically to the Regulator.
13. Act as Liaison Officer in coordinating audit and supervisory
activities by the Regulator towards the Bank.
14. Monitoring and analyzing the follow-up of audit
commitments conducted by the Regulator and submitting
follow-up reports to the Regulator on a regular basis.
15. Continuous coordination and communication with related
working units and members of the Bank’s Financial
Conglomeration in terms of the implementation of the
integrated Compliance Function and other related reports.
16. Monitoring of regulatory fines received by the Bank,
including the commitment to follow-up improvements
(action plan) from work units/branch offices.
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Good
Corporate
Governance
Good Corporate Governance 402 Transparency of Financial and Non- 549
Corporate Governance Policy Basis 402 Financial Conditions that Have not Been
Disclosed in Other Report
Year-On-Year Focus of Governance 403
Implementation Quarterly Publication Report 550
Corporate Governance Roadmap 407 Provision of Funds to Related Party and 551
Large Exposure
Bank's Governance Structure 408
Provision of Funds for Social and Political 552
Self-Assessment Results of Good 409 Activities
Corporate Governance Implementation
in 2023 Procurement Policy of Goods and Services 553
Information on Major and Controlling 410 Customer Protection Policy 554
Shareholders Corruption Policy & Anti-Fraud Strategy 554
General Meeting of Shareholders 411 Implementation
Board of Commissioners 425 Creditors Policy 555
Board of Directors 438 Dividend Distribution Policy 555
Affiliation between Board of 462 Conflict of Interest Policy (including 556
Commissioners, Board of Directors and Insider Trading)
Majority/Controlling Shareholders Affiliated Transactions and Conflict of 557
Board of Commissioners and Directors 463 Interest Transactions
Diversity Policy Bad Corporate Governance Practices 559
Committees of the Board of 466 Bank Strategic Plan 559
Commissioners Ratio of Highest and Lowest Salary and 559
Remuneration Policy 492 Variable Remuneration Received by
Committees of the Board of Directors 496 Employees
Corporate Secretary 513 Implementation of OJK Public Company 560
Governance Guidelines
Corporate Security Management 518
General Guidelines for Indonesian 564
Compliance Working Unit 519
Corporate Governance (PUGKI)
Administrative Sanctions 521
Implementation of Corporate Governance 574
Anti-Money Laundering and Countering 522 Aspects and Principles in Accordance with
Financing of Terrorism (AML-CFT) Unit the Guidelines of Corporate Governance
Whistleblowing System and Anti-Fraud 524 Principles for Banks Issued by the Basel
Legal Issues 526 Committee in Banking Supervision
Taxation Management and Control 530 Integrated Governance Implementation 576
Report
Internal Audit Working Unit 531
Implementation of the ASEAN Corporate 580
Intern Control System 535 Governance (CG) Scorecards
Investor Relations 538 Board of Commissioners Approval Sheet 590
Risk Management 539 Good Corporate Governance (GCG)
Public Accountant/External Auditor 542 Implementation Report 2023
Access to Company Information and Data 544 Board of Directors Approval Sheet 591
Good Corporate Governance (GCG)
Code of Ethics and Code of Conducts 546 Implementation Report 2023
Corporate Culture 548 Shariah Business Unit Good Corporate 592
Governance (GCG) Report 2023
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Good Corporate Governance
Maybank Indonesia is certain that embracing effective
Corporate Governance will have a beneficial effect on the
Bank's performance, add value to stakeholders, and ensure
adherence to sound business practices.
Maybank Indonesia upholds Good Corporate Governance CORPORATE GOVERNANCE POLICY
(GCG) principles as a commitment to protect the interests of BASIS
shareholders and other stakeholders, while also striving to The implementation of Bank GCG is guided by regulations and
adhere to relevant regulations and ethical standards in the legislation, including:
banking sector. GCG forms a robust cornerstone within the 1. Laws of the Republic of Indonesia related to the Capital
Maybank Indonesia framework, fostering sustainable value Market, Limited Liability Companies, and Banking;
creation over both immediate and extended periods. 2. Financial Services Authority Regulations (POJK) and Financial
Services Authority Circular Letters (SEOJK), especially
Maybank Indonesia's GCG implementation aims to adhere to regarding Governance, Annual Reports, Risk Management,
all GCG principles, encompassing transparency, accountability, Internal Control Systems, Financial Conglomerates,
responsibility, independence, fairness, and equality (TARIF). The and various POJK and SEOJK related to Governance
commitment to applying these GCG principles is internalised implementation;
in the processes and mechanisms of GCG, which refer to three 3. The Indonesian Corporate Governance Roadmap conveyed
aspects: Governance Structure, Governance Process, and through the OJK press release on February 4, 2014;
Governance Outcome. Furthermore, besides enacting GCG, 4. The 2021 Indonesian Corporate Governance General
Maybank Indonesia also prioritises the sustainability dimension Guidelines (PUGKI) issued by the National Committee on
in its banking operations, integrating environmental, economic, Governance Policy (KNKG);
and social aspects alongside governance. 5. The ASEAN Corporate Governance Scorecard (ACGS) issued
by the ASEAN Capital Market Forum (ACMF);
As one of the leading private banks in Indonesia, Maybank 6. The Company's Articles of Association and amendments, and
Indonesia continues to refine its implementation of GCG in Shareholders' General Meeting (RUPS) decisions; and
line with business developments and refers to national and 7. Bank Governance Policies.
international GCG provisions, guidelines, and standards.
Therefore, Maybank Indonesia evaluates the implementation In addition to the above provisions, Maybank Indonesia
of GCG to assess the level of compliance and effectiveness of periodically reviews and evaluates the completeness and
Bank GCG implementation at all levels of positions. The results updating of internal regulations related to GCG. This is
of the GCG assessment recommendations are an integral part of done to ensure that the Bank's GCG soft structure remains
the evaluation process and are used to optimise the best GCG relevant and aligned with organisational needs, Bank strategy
practices at the Bank. implementation, and applicable regulations.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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YEAR-ON-YEAR FOCUS OF GOVERNANCE IMPLEMENTATION
In maintaining and enhancing the quality of GCG implementation, Maybank Indonesia continues to make necessary improvements
and refinements. At the same time, Maybank Indonesia also continuously develops GCG in line with best practices to provide adequate
protection and fair treatment for all shareholders and other stakeholders. From year to year, the implementation of Bank GCG is
consistently directed towards maximising shareholder value for the Bank. The information regarding the development of Bank GCG
implementation over the past 5 years is as follows:
2019 2020
• Changes in the composition of the Integrated Governance • Changes in the composition of the Integrated Governance
Committee within the Maybank Indonesia Financial Committee in the Maybank Indonesia Financial
Conglomerate. Conglomerate, related to PT Bank Maybank Syariah, which is
• Updating of Integrated Governance Guidelines, Integrated no longer affiliated with Maybank Indonesia.
Compliance Guidelines, Integrated Internal Audit Guidelines, • Held the Annual General Meeting of Shareholders at the
and Integrated Risk Management Framework. beginning of the pandemic, where Maybank Indonesia was
• Bestowal of the "SuperBanker Story 2019" award, which aims among the first banks to conduct virtual AGMs.
to encourage initiatives from all Bank personnel to identify • Updated the Integrated Governance Guidelines, Integrated
potential risks, take action, and escalate operational risk Compliance Guidelines, Integrated Internal Audit Guidelines,
issues in their areas. and Integrated Risk Management Framework.
• Bestowal of the "Mentor 2019" award, which appreciates • Updates to policies related to Shareholders' General
various efforts or collaborative work among teams or Meetings to align with new OJK regulations.
multiple work units in identifying potential operational risks • Aligned the performance assessment policy of the Board
and working on the development and implementation of of Commissioners and the Committee Evaluation of the
improved controls/mitigation of operational risks. Board of Commissioners through the Board Effectiveness
• Implementation of anti-fraud awareness programs and Evaluation (BEE), including alignment with applicable
campaigns for all employees. regulations in Indonesia.
• Issuance of several Policies including the Anti-Bribery • Continued initiatives since 2019, the Bank consistently
and Corruption Policy and updates to the Financial Crime provided training/socialisation to employees in units and/
Compliance Policy. or branch offices regarding Compliance Awareness to
• Maybank Indonesia promotes compliance culture enhance understanding and awareness of compliance
awareness, an integral part of the corporate culture, by culture, which is part of the corporate culture. The Bank also
providing socialisation and/or training on Compliance provided socialisation and/or training on Compliance Culture
Culture Awareness to all Bank employees and conducting Awareness to all Bank employees, conducting Compliance
Compliance Safaris to various regions. Safaris to various regions.
• Implementation of Compliance Testing to ensure compliance • Conducted socialisation to all members of the Maybank
with regulations comprehensively. Indonesia Financial Conglomerate regarding OJK Regulation
• Organising a Sustainable Finance Introduction Workshop No. 45/POJK.03/2020 concerning Financial Conglomerates
for Commissioners, Directors, Unit Heads, Relationship (“POJK 45/POJK.03/2020”) and conveyed that KKMBI has
Managers, Credit Analysts, and key employees in the Risk met the financial conglomerate criteria as regulated in POJK
Management, Human Capital & Compliance directorates. 45/POJK.03/2020;
• Organising sharing sessions on the Online Single Submission • Issued the Corporate Charter and submitted it to the OJK
(OSS) to disseminate information about business licensing within the specified period in POJK 45/POJK.03/2020, no
simplification and introduce the Business Identification later than December 31, 2020.
Number (NIB). • Established the Information Management Council (IMC) to
direct and oversee data governance processes and related
data issues at Maybank Indonesia.
• In support of the Information Management Council (IMC)
framework, Maybank Indonesia also issued the Policy on
Management and Disclosure of Permissible Customer
Information.
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• Signing of Integrity Pacts by all Directors, Board of • Signing of Integrity Pacts by all Directors, Board of
Commissioners, and Bank employees based on OJK Commissioners, and Bank employees based on OJK
Regulation Number 39/POJK.03/2019 Regarding the Regulation No. 39/POJK.03/2019 Regarding the
Implementation of Anti-Fraud Strategies for Commercial Implementation of Anti-Fraud Strategies for Commercial
Banks. Banks, with the Integrity Pacts renewed annually.
• Held a Webinar on “Legal Aspects of Banking Consumer • Disclosed audit fees for public accounting firms for the fiscal
Protection” for Commissioners, Directors, and key Bank year 2021.
employees. • Maybank Indonesia disbursed dividends for the fiscal
year 2021 in a timely manner, i.e., 30 days after approval
by Shareholders at the 2021 Annual General Meeting of
Shareholders.
2021
• Conducted the Annual General Meeting of Shareholders, 2022
Maybank Indonesia was among the first banks to hold virtual
AGMs and utilised e-proxy facilities as mandated by POJK • Holding the Annual General Meeting of Shareholders,
No. 16/POJK.04/2020 regarding the Implementation of utilising e-proxy facilities as mandated by POJK No. 16/
Electronic Annual General Meetings of Public Companies; POJK.04/2020 regarding the Implementation of Electronic
• Changed the composition of Maybank Indonesia's Board Annual General Meetings of Public Companies (e-RUPS)
of Commissioners with the appointment of Mr. Putut Eko using the eASY.KSEI application (utilising e-Voting eASY.KSEI
Bayuseno, thus exceeding the number of Independent feature and live streaming webinar of the AGM).
Commissioners stipulated by POJK 55/POJK.03/2016 • Changes in the composition of Maybank Indonesia's Board of
regarding the Governance of Commercial Banks. Commissioners, with the appointment of Dato' Khairussaleh
• Established the formation of the Board-level Whistleblowing Ramli as President Commissioner and Dato' Zulkiflee Abbas
Governance Committee, as part of Maybank Indonesia's Abdul Hamid as Commissioner through the Annual General
strategic initiative to ensure adequate implementation of Meeting of Shareholders held on March 25, 2022. With the
whistleblowing governance; appointment of these Board of Commissioners members,
• Appointed changes in the membership composition of the membership structure and composition of Maybank
the Audit Committee, Risk Monitoring Committee, and Indonesia's Board of Commissioners are in accordance
Nomination and Remuneration Committee in relation to with POJK 55/POJK.03/2016 regarding the Governance of
the new composition of Maybank Indonesia's Board of Commercial Banks.
Commissioners. • Changes in the composition of Maybank Indonesia's Board of
• Updated the Integrated Governance Guidelines, Integrated Directors, with the appointment of Bambang Andri Irawan as
Compliance Guidelines, Integrated Internal Audit Guidelines, Director of Information and Technology through the Annual
and Integrated Risk Management Framework. General Meeting of Shareholders held on March 25, 2022.
• Implemented the performance assessment policy of • In order to strengthen the active oversight function of the
the Board of Commissioners and Committee Evaluation Board of Commissioners over Information Technology,
of the Board of Commissioners through the Board of Maybank Indonesia established the Information and
Commissioners and Committee Effectiveness Evaluation Technology Oversight Committee.
(BEE) framework. • Changes in the composition of the Integrated Governance
• Continued initiatives since 2019, the Bank consistently Committee members in the Maybank Indonesia Financial
provided training/socialisation to employees in units and/or Conglomerate, so that the Committee membership is
branch offices regarding Compliance Awareness to enhance represented by each Financial Conglomerate member LJK.
understanding and awareness of compliance culture, which is • Changes in the composition of the Audit Committee, Risk
part of the corporate culture. Monitoring Committee, and Nomination and Remuneration
• The Bank also provided socialisation and/or training on Committee related to the new composition of the Board of
Compliance Culture Awareness to all Bank employees, Commissioners.
conducting Compliance Safaris to various regions.
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• The Bank also provided socialisation and/or training on 2023
Compliance Culture Awareness to all Bank employees,
conducting Compliance Safaris to various regions. • The Bank held the Annual General Meeting of Shareholders
• Maybank Indonesia disbursed dividends for the fiscal physically and electronically using the KSEI Electronic
year 2022 in a timely manner, i.e., 30 days after approval General Meeting System Application ("eASY.KSEI
by Shareholders at the 2022 Annual General Meeting of Application") provided by PT Kustodian Sentral Efek
Shareholders. Indonesia ("KSEI"), in accordance with the provisions of the
• Continuing initiatives since 2019, the Bank consistently Financial Services Authority ("OJK") Regulation Number 15/
provided training/socialisation to employees in units and/or POJK.04 /2020 regarding the Plan and Implementation
branch offices regarding Compliance Awareness to enhance of General Meeting of Shareholders of Public Companies,
understanding and awareness of compliance culture, which is Financial Services Authority Regulation Number 16/
part of the corporate culture. POJK.04/2020 regarding the Implementation of Electronic
• Implementing the performance assessment policy of General Meeting of Shareholders of Public Companies,
the Board of Commissioners and Committee Evaluation KSEI Regulation Number XI-B regarding Procedures for
of the Board of Commissioners through the Board of Implementing Electronic General Meeting of Shareholders
Commissioners and Committee Effectiveness Evaluation Accompanied by Voting through KSEI Electronic General
(BEE) framework for the year 2022. Meeting System ("eASY.KSEI"), and Article 11 paragraph 1 of
• Bestowal of "The Best Responsibility of the Board" award the Bank's Articles of Association. The Bank has also provided
in the Largest Market Capitalisation Emitent category. an alternative electronic proxy (e-Proxy) for shareholders
The award was presented by the Indonesian Institute for to attend and vote at the Meeting through the eASY.KSEI
Corporate Directorship (IICD) at the 13th IICD Corporate application, as a fulfilment of the provisions of Article 27
Governance Award 2022 event on May 27, 2022. POJK 15
• Creating and conducting socialisation on Internal Regulation • The Bank paid the 2022 Cash Dividend to Shareholders in a
governance aimed at realising good Internal Regulation fair and timely manner. All Shareholders were treated equally
governance in the Bank. and received the Cash Dividend in less than 30 days after it
• Ensuring that Internal Regulation governance is in was approved by the Shareholders in the General Meeting of
accordance with the applicable hierarchy and avoiding Shareholders. The Cash Dividend was paid to all Shareholders
overlaps between issued Internal Regulations. on 28 April 2023, following approval at the Annual General
• Enhancing the quality of training materials for new and Meeting of Shareholders on 31 March 2023
existing employees as well as work references through • In accordance with the Regulation of the Financial Services
internal regulation governance, thus improving the Authority of the Republic of Indonesia Number 17 of
evaluation process of task implementation. 2023 concerning the Implementation of Governance for
• Managing vital documents and company inactive documents Commercial Banks and in order to improve the management
bankwide in accordance with document governance of Shareholders' rights in the implementation of Dividend
standards referring to legislation and based on applicable Distribution, the Bank has an Internal Policy regarding
best practices, thus creating good, safe, structured, and Dividend Distribution, which is contained in the Board
effective company document management in line with of Directors Regulation No. PER.DIR.2024.001/DIR
efforts to provide document usage support for business COMPLIANCE concerning "Guidelines for the Process
purposes and policy formulation. and Mechanism of the Company's Dividend Payment to
• Updating charters for the Risk Monitoring Committee Shareholders", so that the Bank's Dividend Distribution
and Information and Technology Oversight Committee, in to Shareholders can be implemented in accordance with
accordance with current regulations. applicable laws and regulations and guided by good
governance for the Bank, while still taking into account the
interests of the Bank. This Board of Directors Regulation
contains instructions for the implementation of activities
for work units related to the Bank's Dividend Distribution to
Shareholders, so that it is expected that the implementation
of these activities can be carried out more effectively,
accountably, organised and timely, in compliance with
applicable regulations. This Internal Policy has been
communicated to Shareholders and is available on the Bank's
website
PT Bank Maybank Indonesia Tbk 2023 Annual Report 405
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406
Main Management Company Management Discussion
Highlights Report Profile and Analysis
• 2023, the Bank announces the results of the AGM, including • Creating and conducting socialisation on Internal Regulation
each resolution and the voting results for each resolution, to governance aimed at realising good Internal Regulation
the Public on the next business day governance in the Bank.
• Holding the Annual General Meeting of Shareholders, • Ensuring that Internal Regulation governance is in
utilising e-proxy facilities as mandated by POJK No. 16/ accordance with the applicable hierarchy and avoiding
POJK.04/2020 regarding the Implementation of Electronic overlaps between issued Internal Regulations.
Annual General Meetings of Public Companies (e-RUPS) • Enhancing the quality of training materials for new and
using the eASY.KSEI application (utilising e-Voting eASY.KSEI existing employees as well as work references through
feature and live streaming webinar of the AGM). internal regulation governance, thus improving the
• Changes in the composition of the Audit Committee, Risk evaluation process of task implementation.
Monitoring Committee, and Nomination and Remuneration • Managing vital documents and company inactive documents
Committee related to the new composition of the Board of bankwide in accordance with document governance
Commissioners. standards referring to legislation and based on applicable
• The Bank also provided socialisation and/or training on best practices, thus creating good, safe, structured, and
Compliance Culture Awareness to all Bank employees, effective company document management in line with
conducting Compliance Safaris to various regions. efforts to provide document usage support for business
• Maybank Indonesia disbursed dividends for the fiscal purposes and policy formulation.
year 2023 in a timely manner, i.e., 30 days after approval • In connection with the issuance of OJK Regulation No.
by Shareholders at the 2023 Annual General Meeting of 17 of 2023 regarding the Implementation of Governance
Shareholders. for Commercial Banks, the Bank made comprehensive
• Continuing initiatives since 2019, the Bank consistently adjustments to Bank governance policies; among others, to
provided training/socialisation to employees in units and/or the Board of Directors Guidelines, Board of Commissioners
branch offices regarding Compliance Awareness to enhance Guidelines, Committee Guidelines, and other internal
understanding and awareness of compliance culture, which is policies.
part of the corporate culture. • PT Bank Maybank Indonesia Tbk was one of the Winners of
• Implementing the performance assessment policy of the Annual Report Award (ARA) 2022. ARA is organised by
the Board of Commissioners and Committee Evaluation the National Committee on Governance Policy ("KNKG").
of the Board of Commissioners through the Board of The Indonesia Stock Exchange consistently supports the
Commissioners and Committee Effectiveness Evaluation ARA event from year to year, with the aim of encouraging
(BEE) framework for the year 2023. The performance companies to be more open and clear in providing
assessment of the Board of Commissioners is also conducted disclosures regarding corporate governance practices and
by the Board of Directors. sustainability, thereby increasing public trust, including
• Receiving "The Best Responsibility of the Board" award in the investors and shareholders.
Largest Market Capitalisation Emitent category. The award
was presented by the Indonesian Institute for Corporate
Directorship (IICD) at the 14th IICD Corporate Governance
Award 2022 event on September 18, 2023.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Corporate Governance Roadmap
In order to enhance the Bank's compliance and foster trust among stakeholders, Maybank Indonesia is committed to continuously
improving the quality of GCG implementation based on best practices and standards. To achieve this, Maybank Indonesia has developed
and is executing the Bank's GCG roadmap, as follows:
2020 2021
Making GCG part of the Governance Excellence
Bank's operational culture
2023 2022
Carrying out the
Cultivating good
commitment of Sustainable
governance practices as
Governance Excellence/
DNA to become a good
Good Corporate Citizen by
corporate citizen with
implementing sustainable
ethics and responsibility.
governance excellence.
2024
Achieving Maybank
Integrated Governance
Excellence.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 407
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
BANK'S GOVERNANCE STRUCTURE
Bank’s Good Corporate Governance Structure Chat
BANK GOVERNANCE STRUCTURE
General Meeting of Shareholders
Check dan Balances
Board of Commissioners Board of Directors
Supervision Lines
BANKS
SUPPORTING
Audit Committee Risk Management Committee
ORGANS
Risk Oversight Committee Credit Policy Committee
Nomination and Remuneration
Credit Committee
Committee
Integrated Good Corporate Information Technology Steering
Governance Committee Committee
Whistleblowing Governance Integrated Risk Management
Committee Committee
Information and Technology
Other Supporting Committee*)
Oversight Committee
Internal Audit Financial
Risk Corporate Legal Corporate National Anti-
Work Unit Compliance Crime
Management & Litigation Secretary Fraud
(IAU) Compliance
*) The other Supporting Committees have reporting and coordination lines with the Board of Directors as well as a number of independent
Working Units. A description of the other supporting committees is provided below.
Coordination Line
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Maybank Indonesia has a Governance Structure that outlines The implementation of Bank GCG is also supported by a GCG
the positions, functions, division of tasks and responsibilities, Soft Structure in the form of documents that regulate rules,
mechanisms, decision-making processes, and reporting flows division of responsibilities and authorities of the Board of
of the Bank's organs, in accordance with applicable regulations Commissioners and Board of Directors, and each committee
and laws. An adequate Governance Structure will support the under the Board of Commissioners and Board of Directors. These
implementation of GCG principles, resulting in achievements documents serve as the basis for the implementation of the
that meet stakeholders' expectations. functions of the Board of Commissioners, Board of Directors, and
these committees.
The Governance Structure of Maybank Indonesia consists of
the General Meeting of Shareholders (GMS), the Board of Furthermore, Maybank Indonesia also implements the principles
Commissioners, and the Board of Directors, with the GMS of checks and balances, risk management systems, and internal
as the highest organ. The Board of Commissioners is tasked control systems effectively, referring to applicable Governance
with overseeing the management of the Bank by the Board guidelines and standards. The effort to implement GCG practices
of Directors and providing necessary advice to the Board of in line with best practices is a key factor for the Bank to achieve
Directors. its vision, mission, and long-term goals set and consistently
contribute positively to stakeholders.
The Board of Commissioners is supported by supporting organs,
including Committees at the Board of Commissioners level SELF-ASSESSMENT RESULTS OF
in line with applicable provisions. Committees at the Board GOOD CORPORATE GOVERNANCE
of Commissioners level are formed to assist and enhance the IMPLEMENTATION IN 2023
supervisory function carried out by the Board of Commissioners,
consisting of the Audit Committee, Risk Monitoring Committee, Assessment Procedures and Criteria
Nomination and Remuneration Committee, Integrated The Bank conducted a self-assessment on the implementation of
Governance Committee, Whistleblowing Governance Good Corporate Governance within Maybank Indonesia based on
Committee, and Information Technology Monitoring Committee. the provisions of Financial Services Authority Regulation Number
17 of 2023 and Financial Services Authority Circular Letter No.13/
The Board of Directors has a mandate for representation SEOJK.03/2017 regarding the Implementation of Good Corporate
and managerial roles, playing a key role in the Bank's daily Governance for Commercial Banks.
operations and responsible for implementing the Bank's short-
term and long-term strategies and initiatives. The Board of The Bank always applies the principles of Governance consisting
Directors establishes committees at the Director level to assist of Transparency, Accountability, Responsibility, Independence,
in the management of the Bank in compliance with regulatory and Fairness to produce a Governance Rating which is an
requirements, namely the Risk Management Committee, Credit important factor in determining the Bank’s Health Level in
Policy Committee, Credit Committee, Information Technology accordance with OJK Regulation No.4/POJK.03/2016. This
Steering Committee, and Integrated Risk Management assessment is carried out on 3 aspects of the Governance system,
Committee. namely the structure, process and results of Governance on the
following 11 Governance Implementation Assessment Factors
In addition, Maybank Indonesia also establishes other pursuant to OJK Circular Letter No.13/SEOJK.03/2017, as follow:
committees as needed by the Bank, outside of committees 1. Implementation of duties and responsibilities of the Board of
required by applicable regulations and laws. These committees Directors;
are formed under the Board of Directors through the Board 2. Implementation of duties and responsibilities of the Board of
of Directors' decision letter, such as the Assets and Liabilities Commissioners;
Committee (ALCO), Credit Restructuring Committee, Value 3. Completeness and implementation of the Committee’s
Reduction Committee, Internal Audit Committee, Human Capital duties;
Committee, Human Capital Discipline Committee, Information 4. Handling of conflict of interest;
and Technology Steering Committee, and Transformation 5. Implementation of Compliance function;
Steering Committee. 6. Implementation of Internal Audit function;
7. Implementation of External Audit function;
The Board of Directors is also assisted and supported by other 8. Implementation of Risk Management including Internal
Governance organs, including the Corporate Secretary function Control System;
and various working units such as the Internal Audit Unit (SKAI), 9. Provision of funds to related parties and provision of large
Risk Management Directorate, Compliance Task Force, Corporate funds;
Legal & Litigation Working Unit, and Financial Crime Compliance 10. Transparency of the Company’s financial and non-financial
(FCC) & National Anti-Fraud Working Unit. conditions, reports on the implementation of Bank
Governance and internal reporting; and
11. The Bank’s strategic plan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 409
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Method and Parties Conducting Assessment
Assessment of the implementation of Governance is conducted using the self-assessment method. This assessment involves the
Board of Commissioners, Board of Directors, Independent Parties, Executive Officers and independent units in order to produce a
comprehensive and structured assessment of the effectiveness of the Governance system and the quality of the Bank’s Governance
results. This self-assessment also includes the implementation of Governance in subsidiaries in accordance with applicable regulations.
Results of Self-Assessment
The results of the self-assessment of the Bank’s GCG implementation on a consolidated basis as of December 2023 are as follows:
RATING
Factors of Assessment Bank Individuals MIF WOMF
Consolidation
Weight 91.72% Weight 4.54% Weight 3.74%
Governance 2 1 2 2
The results of the self-assessment of Governance in Individual Banks and WOMF each resulted in a score of 2 with the predicate of
GOOD assessment. This is with the fulfillment of several fundamental provisions. The results of the Governance self-assessment at MIF
resulted in a score of 1 with an assessment predicate of VERY GOOD.
INFORMATION ON MAJOR AND CONTROLLING SHAREHOLDERS
Amanah Raya Trustees Citigroup Nominees (Tempatan)
Permodalan Nasional Investment Institution
Berhad (B/O: Amanah Sdn Bhd (B/O: Employees
Berhad & Other Retail
Saham Bumiputera) Provident Fund Board)
30.12% 12.71% 6.76% 50.41%
Malayan Banking Berhad
45.02% Sorak Financial Holdings Pte Ltd
33.96% Maybank Offshore Corporate 100% 100% Maybank Asset Management
Service (Labuan) Sdn Bhd Group Berhad
8.73% 100%
Vital Solution Fund
Maybank Asset Management
Sdn Berhad
12.29% 99%
Public
Asset Management
PT Maybank Asset Management Indonesia
100% Maybank IB Holdings Sdn Bhd
PT Bank Maybank Indonesia Tbk
100% 100%
99.99% 67.49% Etiqa International Holdings Maybank IBG Holding Limited (d/h
Sdn Bhd Maybank Kim Eng Holdings Ltd
PT Maybank PT Wahana
79.87% 85%
Indonesia Ottomitra
Finance Multiartha Tbk PT Asuransi Etiqa Internasional PT Maybank Sekuritas
Indonesia Indonesia*
*) d/h PT Maybank Kim Eng Sekuritas Indonesia
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
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General Meeting of Shareholders
The General Meeting of Shareholders (GMS) is the highest e. Decide on the reduction of the Company’s capital
organ in the Bank that has authority not granted to the Board f. Approve the work plan proposed by the Board of Directors
of Commissioners or the Board of Directors, within the limits g. Deciding the use of net profit including the determination of
set forth in the Law on Limited Liability Companies and/or the the amount of allowance for reserves
Bank’s Articles of Association. The GMS consists of: Annual GMS h. Regulate the procedure for taking dividends that have been
(AGMS) and Extraordinary GMS (EGMS). put into a special reserve
i. Deciding on the merger, consolidation, acquisition, or
The Annual GMS must be held no later than 6 (six) months after separation, the filing of a petition for the Company to
the financial year ends. While the Extraordinary GMS can be held be declared bankrupt, the extension of the period of
at any time based on the need for the interests of the Company. incorporation, and the dissolution of the Company
j. Deciding on the division of duties and management authority
LEGAL BASIS among the Board of Directors in the event that the Board
The legal basis for the implementation of the Maybank Indonesia of Directors consists of 2 or more members of the Board of
GMS held in 2022 refers to the following regulations: Directors
1. Law No. 40 of 2007 concerning Limited Liability Companies. k. Appoint members of the Board of Directors
2. POJK No. 15/POJK.04/2020 concerning the Plan and l. Deciding the provisions on the amount of salary and benefits
Implementation of General Meeting of Shareholders of of members of the Board of Directors
Public Companies. m. Deciding on the authority of the Board of Directors to
3. POJK No. 16/POJK.04/2020 regarding the Implementation represent the Company in the event that the Board of
of the General Meeting of Shareholders of Public Companies Directors is more than 1 person
Electronically. n. Approve to transfer the Company’s assets, or make debt
4. Articles of Association of the Bank. collateral for the Company’s assets, which constitute more
than 50% of the total net assets of the Company in one or
RIGHTS AND AUTHORITIES OF more transactions, whether related to each other or not
SHAREHOLDERS IN THE GMS o. Approve whether or not the Board of Directors can file a
Shareholders have rights over their shares so that their rights bankruptcy petition against the Company to the Commercial
are protected and can be exercised in accordance with laws and Court
regulations and the Bank’s Articles of Association. Shareholders p. Dismiss any member of the Board of Directors at any time by
have the right to attend the GMS, express their opinions and cast stating the reasons thereof
their votes in the decision-making process, and obtain various q. Revoke or uphold the decision of temporary dismissal of
information related to the agenda of the Meeting. In the GMS members of the Board of Directors that has been determined
forum, shareholders are entitled to obtain information relating by the Board of Commissioners
to the Company from the Board of Directors and/or the Board r. Appoint members of the Board of Commissioners
of Commissioners, as long as it is related to the agenda of the s. Determine the provisions regarding the amount of salary
meeting and does not conflict with the interests of the Company. or honorarium and benefits for members of the Board of
Commissioners
Regarding other agenda, the GMS is not entitled to make
decisions, unless all shareholders are present, and/or MECHANISM FOR THE HOLDING OF
represented, at the GMS and agree to the addition of meeting ANNUAL GMS
agenda items. The resolution on the added agenda must be The mechanism for holding the Company’s AGMS in 2022 was
approved unanimously. in accordance with the Bank’s Articles of Association and POJK
No.15/POJK.04/2020 regarding the Plan and Implementation of
The authority of GMS in Maybank Indonesia in line with Law No. the General Meeting of Shareholders of Public Companies, as
40 of 2007 on Limited Liability Companies are as follows: well as POJK No.16/POJK.04/2020 regarding the Implementation
a. Decide on the deposit of shares in the form of money and/or of the Electronic General Meeting of Shareholders of Public
in other forms, for example in the form of immovable objects Companies.
b. Approve whether or not shareholders and other creditors
who have claims against the Company can exercise their The Company’s AGM in 2022 was also held electronically,
rights of collection as compensation for the obligation to in accordance with the provisions in the Financial Services
deposit the price of the shares they have taken Authority Regulation No. 16/POJK.04/2020 concerning the
c. Approve the repurchase of shares that have been issued Implementation of Electronic General Meetings of Shareholders
d. To approve the capital increase of the Company of Public Companies.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 411
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
STAGES OF THE ANNUAL GMS ON 31 MARCH 2023
AGMS 31 March 2023
Activities Terms
Notice of AGM to Regulators Notification Letter of AGMS Plan to the Notification of the GMS plan shall be submitted to OJK at
Financial Services Authority (OJK) and the latest 5 (five) business days prior to the date of the GMS
the Indonesia Stock Exchange (IDX) via announcement to the public.
e-Reporting on 14 February 2023.
In the event that there is an amendment to the agenda of
the meeting, the Public Listed Company must submit the
amendment to OJK at the latest at the time of the invitation
to the GMS.
AGMS Publication Announced through the Indonesia Stock The announcement of the GMS is made through the e-RUPS
Announcement Exchange website, PT Kustodian Sentral Efek provider's website, the stock exchange website and the Public
Indonesia website and the Bank's website Company's website in Indonesian and foreign languages,
www.maybank.co.id on 22 February 2023. at the latest 14 (fourteen) days before the date of the GMS
Announcement.
Report to Proof of the AGMS Announcement on
Regulator the Indonesia Stock Exchange website, PT
Kustodian Sentral Efek Indonesia website and
the Bank’s website has been submitted to
OJK and IDX by e-Reporting on 22 February
2023.
Invitation to Publication Announced through the Indonesia Stock The invitation to the GMS shall be made through the
the AGMS and Exchange website, PT Kustodian Sentral Efek e-RUPS provider’s website, the stock exchange’s website
Explanation Indonesia website and the Bank’s website and the Public Company’s website in Indonesian and foreign
of the AGMS www.maybank.co.id on 9 March 2023. languages, at the latest 21 (twenty-one) days prior to the GMS.
Agenda
Report to Evidence of the AGMS Invitation on the
Regulator Indonesia Stock Exchange website, PT
Kustodian Sentral Efek Indonesia website
and the Bank’s website has been submitted
to OJK and IDX by e-Reporting on 9 March
2023.
The Holding of AGMS on 31 March 2023
Summary of AGMS Publication The Summary of AGMS Minutes was Announcement of the Summary of Minutes of the GMS is
Minutes (Results) announced on the Indonesia Stock Exchange made on the e-RUPS provider’s website, the stock exchange
website, PT Kustodian Sentral Efek Indonesia website and the Public Company’s website in Indonesian and
website and the Bank’s website www. foreign languages, no later than 2 (two) working days after the
maybank.co.id on 3 April 2023. GMS is held.
Report to Proof of announcement shall be submitted to Proof of announcement of the summary of the RUPS minutes
Regulator OJK (Capital Market and Supervisor) and IDX must be submitted to OJK 2 (two) working days after the
(e-Reporting) on 3 April 2023. announcement.
Minutes of the AGMS The minutes of the AGMS were submitted to The minutes of the GMS must be submitted to OJK no later
OJK on 18 April 2023. than 30 (thirty) days after the GMS is held.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Process of Holding AGMS on 31 March 2023
Date and Time Friday, 31 March 2023 at 14:10 - 15:13 WIB
Tempat The Annual General Meeting of Shareholders of the Company is held physically and electronically
using the Electronic General Meeting System KSEI ("eASY.KSEI") provided by PT Kustodian Sentral
Efek Indonesia ("KSEI"), in accordance with the Financial Services Authority Regulation No. 15/
POJK.04/2020 concerning the Plan and Implementation of General Meetings of Shareholders of
Public Companies, Financial Services Authority Regulation No. 16/POJK.04/2020 concerning the
Implementation of Electronic General Meetings of Shareholders of Public Companies, KSEI Regulation
No. XI-B on the Procedures for Conducting Electronic General Meetings of Shareholders accompanied
by Voting through the Electronic General Meeting System KSEI ("eASY.KSEI"), and Article 11 paragraph
1 of the Company's Articles of Association.
In compliance with Article 27 of POJK 15, the Company has provided an electronic proxy ("e-Proxy") as
an alternative for shareholders to attend and vote in the Meeting through the eASY.KSEI application.
Quorum 60,238,392,499 shares (79.04%) out of a total of 76,215,195,821 shares.
Chairman of the AGMS Dato’ Khairussaleh Ramli as President Commissioner of the Company, based on the Circular
Resolution of the Board of Commissioners dated 14 February 2023.
Attendance of members of the Board of Dato’ Khairussaleh Ramli as Chairman of the AGMS and all other members of the Board of
Commissioners including the President Commissioners were physically present at the Meeting.
Commissioner
Attendance of the Chairman of the Audit Mr. Hendar as Chairman of the Audit Committee was physically present at the Meeting.
Committee
Attendance of the Chairman of the Nomination Ms. Budhi Dyah Sitawati as Chairman of the Nomination and Remuneration Committee was
and Remuneration Committee physically present at the Meeting.
Attendance of the Chairman of the Risk Mr. Achjar Iljas as Chairman of the Risk Oversight Committee was physically present at the Meeting.
Monitoring Committee
Attendance of members of the Board of Mr. Taswin Zakaria as President Director and all other members of the Board of Directors were
Directors including the President Director physically present at the Meeting.
Attendance of Sharia Supervisory Board Mr. Muhammad Anwar Ibrahim as Chairman of the Sharia Supervisory Board and Mr. Abdul Jabar
Majid as member of the Sharia Supervisory Board attended the Meeting through teleconference
(video conference).
Mr. Mohammad Bagus Teguh Perwira as member of the Sharia Supervisory Board was physically
present at the Meeting.
Attendance of Compliance Director Mr. Muhamadian as Compliance Director was physically present at the Meeting.
Independent Party to calculate the quorum Notary Aulia Taufani, S.H.
and vote on the AGMS decision
Number of shareholders who raised questions After each discussion on each Agenda of the Meeting, the Chairman of the Meeting provided an
and/or gave opinions opportunity to the shareholders/proxies of shareholders to raise questions/express opinions.
There were no shareholders/proxy of shareholder who raised questions on all Agenda Items.
Mechanism for Decision-Making atthe AGMS Decision-making was conducted by oral and electronic voting.
Most of the Meeting Agenda were approved by deliberation for consensus, except for the Fourth,
Fifth and Eighth Agenda of the Meeting, where the decision was made by oral voting.
In the First Agenda of the Meeting, there were shareholders and/or their proxies who abstained,
amounting to 5,432,300 shares or 0.009% of the total valid shares present at the Meeting.
In the Eleventh Agenda of the Meeting, there were shareholders and/or their proxies who disagreed,
amounting to 43,393,375 shares or 0.072% of the total valid shares present at the Meeting.
Vote counting and validation of votes in the Meeting were conducted by a Notary.
ANNUAL GMS VOTE COUNTING PROCESS
The vote count and voting procedures at the Annual GMS of Maybank Indonesia are described in the GMS Meeting Rules distributed to
shareholders and read out by the Program Director before the Annual GMS begins.
The complete disclosure of voting calculation and procedures is set out in the AGMS Meeting Procedures which are announced/
uploaded on the Indonesia Stock Exchange website, PT Kustodian Sentral Efek Indonesia website and the Bank’s website together with
the Invitation to the AGMS.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 413
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
RESOLUTIONS AND REALISATION OF RESULTS OF THE AGM 2023
The Bank held an AGM on 31 March 2023 resulting in the following agenda and resolutions:
First Agenda:
Approval of the Company’s Annual Report and Ratification of the Company’s Consolidated Financial Statements for the Realisation
Financial Year ended on December 31, 2022
The decision was made by oral voting, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were shareholders and/or proxy of shareholders who abstain, amounting to 5,432,300 shares or 0.009% of the total
valid shares present at the Meeting.
- There were no shareholders and/or proxy of shareholders who disagreed.
The shareholders who voted in favor amounting to 60,232,960,199 shares, or 99.991% of the total valid shares present at the
Meeting. In accordance with the provisions of Article 12 paragraph 7 of the Company's Articles of Association and Article 47
of Financial Services Authority Regulation No. 15/POJK.04/2020, abstaining votes are considered to be the same as votes
in favor of the majority of shareholders who cast votes, thus the total votes in favor amounted to 60,238,392,499 shares or
100% of the total valid shares present at the Meeting.
Therefore, all shareholders present or 60,238,392,499 shares (100%) have decided to:
1. Accept and approve the Company’s Annual Report for the Financial Year ended on 31 December 2022.
2. Ratify the Company’s Consolidated Financial Statements as of 31 December 2022, and for the year then ended, which
have been audited by the Public Accounting Firm “Purwantono, Sungkoro & Surja” (a member firm of Ernst & Young Global
Limited) in accordance with report No. 00086/2.1032/AU.1/07/0240-1/1/II/2023 dated 16 February 2023 with an audit
opinion: “unmodified”.
3. Ratify the supervisory duty report of the Board of Commissioners and Sharia Supervisory Board of the Company for the
Financial Year ended on 31 December 2022.
4. To grant full release and discharge (“acquit et de charge”) to the members of the Board of Directors and Board of
Commissioners of the Company for the management and supervisory actions carried out during the Financial Year 2022, to
the extent that such management and supervisory actions are reflected in the Company’s Annual Report for the Financial
Year ended 31 December 2022, and do not violate prudent banking practices and are not included in the category of
criminal offenses.
Vote Calculation
In favor Against Abstain
60,232,960,199 Nil 5,432,300 shares
(99.991%) (0.009%)
Second Agenda: Realisation
Determination of the Use of the Company’s Net Income for the Financial Year ended on 31 December 2022
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions; 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting;
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%) have decided to:
1. Approve the use of the net profit for the Financial Year 2022 which has been approved in the First Agenda of the Meeting
amounting to Rp1,471,070,391,742 (one trillion - four hundred seventy one billion - seventy million - three hundred ninety
one thousand – seven hundred forty two rupiah), to be allocated as follows:
a. 40% or a maximum of Rp588,428,156,697,- (five hundred eighty eight billion - four hundred twenty eight million – one
hundred fifty six thousand - six hundred ninety-seven rupiah) shall be distributed as Cash Dividend, or Rp7.72061,-
(seven rupiah point seven two zero six one cents) per share;
b. The remaining 60% or Rp882,642,235,045,- (eight hundred eighty two billion - six hundred and forty two billion - two
hundred and thirty five thousand – forty five rupiah) shall be designated as “Retained Earnings” of the Company.
2. Approved the distribution of cash dividends for the Financial Year 2022 to be carried out with the following provisions:
a. Shareholders entitled to receive cash dividends for the Financial Year 2022 are shareholders whose names are registered
in the Company’s Register of Shareholders on 13 April 2023;
b. Cash dividends will be paid on 28 April 2023;
c. The Board of Directors is granted the power and authority to determine matters relating to the implementation of the
cash dividend payment, including but not limited to, among others, regulating the procedure for distributing the cash
dividend and announcing it with due observance of the applicable Exchange regulations.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Third Agenda: Realisation
Appointment of Public Accountant and Public Accounting Firm to audit the Company’s Financial Statements for the Finan-
cial Year 2023 and Determination of Honorarium and Other Requirements related to the Appointment.
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions; 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting;
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%) have decided to:
1. Appoint Mr. “Yasir” and Public Accounting Firm “Purwantono, Sungkoro and Surja” (member firm of Ernst & Young Global
Limited)” as Public Accountant and Public Accounting Firm to audit the Company’s financial statements for the fiscal year 2023;
2. Approved the delegation of authority to the Company’s Board of Commissioners to determine the amount of honorarium in
connection with the appointment of the Public Accounting Firm, with conditions that are considered good;
3. To authorise the Board of Commissioners and the Board of Directors of the Company to do everything related to the
appointment of the Public Accountant Firm, including appointing a Public Accountant and/or a Substitute Public Accountant
Firm, in the event that the Public Accountant Firm “Purwantono, Sungkoro and Surja” for any reason cannot complete the audit
of the Company’s Financial Statements for the financial year 2023.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
Fourth Agenda: Realisation
Determination of Honorarium and/or Other Benefits for Board of Commissioners for the Financial Year 2023
The decision was made by oral voting, where: Has been realised in
- There were no shareholders and/or their proxies who raised questions/opinions. 2023
- There were no shareholders and/or their proxies who abstained;
- There were no shareholders and/or their proxies who disagreed.
Thus, all shareholders present or 60,238,392,499 shares (100%) have decided to:
• Approve the delegation of authority to the President Commissioner, to determine the Honorarium and/or Other Benefits for
members of the Board of Commissioners for the financial year 2023; taking into account the proposals and recommendations of
the Nomination and Remuneration Committee of the Company. The amount of Honorarium and/or Other Benefits for members
of the Board of Commissioners will be included in the Company’s Annual Report for the financial year 2023.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
Fifth Agenda: Realisation
Delegation of Authority to the Board of Commissioners to determine:
a. Salary and/or Other Benefits for members of the Board of Directors for the Financial Year 2023, and
b. Honorarium and/or Other Benefits for members of the Sharia Supervisory Board for the Financial Year 2023.
Decision making is based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were no shareholders and/or proxy of shareholders who abstained.
- There were shareholders and/or their proxies who disagreed.
Thus, the decisions are made based on deliberation for consensus
Therefore, all shareholders present or 60,238,392,499 shares (100%) have decided to:
1. Determine the amount of Bonus of the Company’s Board of Directors for the financial year 2022 in the amount of
Rp28,752,000,000,- (twenty eight billion - seven hundred fifty two million rupiah); where the implementation of the distribution,
including the determination of the amount of Bonus for each member of the Board of Directors as well as the determination of
the amount of variable remuneration, will be carried out with reference to the recommendations of the Company’s Nomination
and Remuneration Committee, with due observance of the applicable provisions regarding the Remuneration of the Board of
Directors. The amount of the Directors’ Bonus will be included in the Company’s Annual Report for the financial year 2023.
2. Approved the delegation of authority to the Board of Commissioners to determine the amount of Salary and/or Other Benefits
for members of the Board of Directors for the financial year 2023; taking into account the proposals and recommendations of the
Company’s Nomination and Remuneration Committee. The amount of Salary and/or Other Benefits for members of the Board of
Directors will be included in the Company’s Annual Report for the financial year 2023.
3. Approved the delegation of authority to the Board of Commissioners to determine the Honorarium and/or Other Benefits for
members of the Sharia Supervisory Board for the financial year 2023; taking into account the proposals a nd recommendations of
the Nomination and Remuneration Committee of the Company. The amount of Honorarium and/or Other Benefits for members
of the Sharia Supervisory Board will be included in the Company’s Annual Report for the financial year 2023.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 415
Page 418
416
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Sixth Agenda: Realisation
Changes in the Composition of Members of the Board of Commissioners, the Board of Directors and Sharia Supervisory
Board of the Company
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%) have decided to:
1. Approve the termination of the term of office of Mr. Edwin Gerungan as Commissioner of the Company and Mr. Hendar as
Independent Commissioner as of the closing of this Meeting.
2. Approve the termination of the term of office of Mr. Effendi, Mr, Steffano Ridwan and Mr. Ricky Antariksa as Director of the
Company as of the closing of this Meeting.
3. Approve the termination of the term of office of Mr. Muhammad Anwar Ibrahim as Chairman of the Sharia Supervisory
Board of the Company and Mr. Mohammad Bagus Teguh Perwira as a Member of the Sharia Supervisory Board of the
Company, as of the closing of this Meeting.
4. Approve the reappointment of Mr. Edwin Gerungan as Commissioner of the Company and Mr. Hendar as Independent
Commissioner of the Company, with their terms of office effective from the closure of this Meeting until the closure of
the Company's Annual General Meeting which will be held in 2026. Regarding the reappointment proposal of Mr. Hendar
as Independent Commissioner of the Company, Mr. Hendar has provided a statement to the Company that he will remain
independent, in order to fulfill the requirements as stipulated in Article 25 of Financial Services Authority Regulation No.
33/2014 concerning the Board of Directors and Board of Commissioners of Issuers or Public Companies.
5. Approve the reappointment of Mr. Effendi, Mr. Steffano Ridwan, and Mr. Ricky Antariksa as Directors of the Company, with
their terms of office effective from the closure of this Meeting until the closure of the Company's Annual General Meeting
which will be held in 2026.
6. Approve the reappointment of Mr. Muhammad Anwar Ibrahim as Chairman of the Sharia Supervisory Board of the
Company and Mr. Mohammad Bagus Teguh Perwira as a Member of the Sharia Supervisory Board of the Company, with
their terms of office effective from the closure of this Meeting until the closure of the Company's Annual General Meeting
which will be held in 2024.
7. Determine that, from the closure of this Meeting, the composition of the Board of Commissioners, Board of Directors, and
Sharia Supervisory Board of the Company shall be as follows:
Board of Commissioners:
- Dato’ Khairussaleh Ramli as President Commissioner
- Edwin Gerungan as Commissioner
- Datuk Lim Hong Tat as Commissioner
- Dato’ Zulkiflee Abbas Abdul Hamid as Commissioner
- Budhi Dyah Sitawati as Independent Commissioner
- Achjar Iljas as Independent Commissioner
- Hendar as Independent Commissioner
- Putut Eko Bayuseno as Independent Commissioner
Board of Directors:
- Taswin Zakaria as President Director
- Thilagavathy Nadason as Director
- Irvandi Ferizal as Director
- Effendi as Director
- Muhamadian as Director
- Widya Permana as Director
- Steffano Ridwan as Director
- Ricky Antariksa as Director
- Bambang Andri Irawan as Director
Sharia Supervisory Board:
- Muhammad Anwar Ibrahim as Chairman
- Abdul Jabar Majid as Member
- Mohammad Bagus Teguh Perwira as Member
8. Approve to delegate authority and power to the Company's Board of Directors to reaffirm and/or reconfirm, in a Notarial
Deed (including making changes and/or additions) regarding the changes to the members of the Board of Commissioners,
Board of Directors, and Sharia Supervisory Board of the Company, and to authorise the Board of Directors with
substitution rights to the Notary to submit registration, obtain acknowledgment or seek approval from the competent
authorities; In short, to take any other actions necessary in accordance with the Company's Articles of Association and
applicable laws and regulations.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 419
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Seventh Agenda: Realisation
Division of Duties and Authorities among Members of the Board of Directors
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%), have decided to:
• Approve the distribution of duties and authorities among members of the Board of Directors for the Financial Year 2023,
submitted to the Board of Directors to be determined through a Board of Directors Resolution.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
Eighth Agenda: Realisation
Report on the Realisation of the Use of Proceeds from Public Offerings during 2022, namely: Sustainable Public Offering
of Shelf Registration Bond IV Bank Maybank Indonesia Phase I Year 2022
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%), have decided to:
• Accept and ratify the Report and Accountability of the Company's Board of Directors regarding the utilisation of funds
from the public offering, namely the Sustainable Public Offering of Shelf Registration Bond IV Bank Maybank Indonesia
Phase I Year 2022, as outlined in the Company's Board of Directors' Report to the Financial Services Authority, through
Letter No. S.2023.001/MBI/DIR FIN-Corporate Finance & Capital Management dated 9 January 2023.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
Ninth Agenda: Realisation
Approval of the Company's Recovery Plan Update, to fulfill with Article 31 POJK Number 14/POJK.03/2017
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%), have decided to:
1. Approve the update of the Company's Recovery Plan as the Recovery Plan update document submitted by the Company’s
Board of Directors to the OJK through letters dated 31 October 2022, and 16 January 2023, along with any further
adjustments required, in line with OJK's evaluation.
2. Authorise the Board of Commissioners and/or the Board of Directors of the Company take all necessary actions in
implementing the Recovery Plan in accordance with applicable regulations.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 417
Page 420
418
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Tenth Agenda: Realisation
Approval of the Company's Resolution Plan to comply with Article 8 of Deposit Insurance Corporation Regulation Number
1 of 2021
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,238,392,499 shares (100%), have decided to:
1. Approve the Company's Resolution Plan as outlined in the Resolution Plan document submitted by the Company's Board
of Directors to the Deposit Insurance Corporation through a letter dated November 29, 2022.
2. Authorise the Board of Commissioners and/or the Board of Directors of the Company's to take all necessary actions in
implementing the Resolution Plan in accordance with applicable regulations.
Vote Calculation
In favor Against Abstain
60,238,392,499 shares Nil Nil
(100%)
Eleventh Agenda: Realisation
Amendment of the Company's Articles of Association
The decision was made by oral voting, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions; 2023
- There were no shareholders and/or proxy of shareholders who abstained from voting;
- There were shareholders and/or proxy of shareholders who disagree amounting to 43,392,375 shares or 0.072% of the total
valid shares present at the Meeting.
Shareholders who agreed were 60,195,000,124 shares or 99.928% of the total valid shares present at the Meeting.
Therefore, with the majority vote, totaling 60,195,000,124 shares (99.928%), the Meeting has decided to:
1. Approve the amendment of several articles in the Company's Articles of Association, as follows:
- Article 10 concerning General Meetings of Shareholders
- Article 11 concerning Venue, Announcement, Convocation, Chairmanship, and Minutes of AGMs
- Article 14 concerning Mergers, Amalgamations, Acquisitions, Divisions, and Dissolutions
- Article 16 concerning Duties and Authorities of the Board of Directors
- Article 23 concerning Work Plans, Fiscal Years, and Annual Reports
- Article 24 concerning Utilisation of Profits and Dividend Distribution
- Article 25 concerning Utilisation of Reserves
2. Approve the delegation of authority to the Company's Board of Directors to restate and/or reaffirm in a Notarial Deed
(including making changes and/or additions) in connection with the changes to the articles in the Company's Articles of
Association, and to authorise the Company's Board of Directors, with substitution rights to the Notary, to register, obtain
receipt of notifications, or obtain approvals from the competent authorities; In short, to take all other actions necessary in
accordance with the provisions of the Company's Articles of Association and applicable laws and regulations.
Vote Calculation
In favor Against Abstain
60,195,000,124 shares 43,392,375 shares Nil
(99.928%) (0.072%)
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS 2023
In 2023, the Company did not hold an Extraordinary General Meeting of Shareholders.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 421
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
DECISIONS AND REALISATION OF THE RESULTS OF THE PREVIOUS YEAR'S AGMS
AND EGMS
All decisions of the previous year's GMS, namely the AGMS on 25 March 2022 and EGMS on 28 September 2022, have been realised in
2022.
The information regarding the decisions and realisation of the AGMS and EGMS in 2022 is described below.
Decision and Realisation of the 2022 AGMS on 25 March 2022.
First Agenda:
Approval of the Company’s Annual Report and Ratification of the Company’s Consolidated Financial Statements for the Realisation
Financial Year ended on December 31, 2021
Decision making is based on deliberation to reach a consensus, where: Has been realised in
- There were shareholders and/or proxy of shareholders who raised questions/opinions. 2022
- There are no shareholders and/or proxy of shareholders who abstain from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,234,081,121 shares (100%) have decided to:
1. Receive and approve the Company’s Annual Report for the Financial Year ended on December 31, 2021.
2. Ratify the Consolidated Financial Statements of the Company as of December 31, 2021, and for the year then ended,
which have been audited by the Public Accounting Firm “Purwantono, Sungkoro & Surja” (a member firm of Ernst & Young
Global Limited) in accordance with report No. 00076/2.1032/AU.1/07/1681-1/1/II/2022 dated February 17, 2022 with an
audit opinion: “unmodified”.
3. Ratified the supervisory duty report of the Board of Commissioners and Sharia Supervisory Board of the Company for the
Financial Year ended on December 31, 2021.
4. To grant full release and discharge (“acquit et de charge”) to the members of the Board of Directors and Board of
Commissioners of the Company for the management and supervisory actions carried out during the Financial Year
2021, to the extent that such management and supervisory actions are reflected in the Company’s Annual Report for
the Financial Year ended December 31, 2021, and do not violate prudent banking practices and are not included in the
category of criminal offenses.
Vote Calculation
In favor Against Abstain
60,234,081,121 shares Nil Nil
(100%)
Second Agenda:
Realisation
Determination of the Use of the Company’s Net Income for the Financial Year ended on December 31, 2021
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2022
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,234,081,121 shares (100%) have decided to:
1. Approve the use of the net profit for the Financial Year 2021 which has been approved in the First Agenda of the Meeting
amounting to Rp1,644,969,584,617 (one trillion - six hundred forty four billion - nine hundred sixty nine million - five hundred
eighty four thousand - six hundred seventeen rupiah), to be allocated as follows:
a. 30% or a maximum of Rp493,490,875,385,- (four hundred ninety-three billion - four hundred ninety million - eight hun-
dred seventy-five thousand - three hundred eighty-five rupiah) shall be distributed as Cash Dividend, or Rp6.47496,- (six
rupiah point four seven four nine six cents) per share;
b. The remaining 70% or Rp1,151,478,709,232 (one trillion - one hundred and fifty one billion - four hundred and seventy
eight million - seven hundred and nine thousand - two hundred and thirty two rupiah) shall be designated as “Retained
Earnings” of the Company.
2. Approved the distribution of cash dividends for the Financial Year 2021 to be carried out with the following provisions:
a. Shareholders entitled to receive cash dividends for the Financial Year 2021 are shareholders whose names are registered
in the Company’s Register of Shareholders on April 6, 2022;
b. Cash dividends will be paid on April 28, 2022;
c. The Board of Directors is granted the power and authority to determine matters relating to the implementation of the
cash dividend payment, including but not limited to, among others, regulating the procedure for distributing the cash
dividend and announcing it with due observance of the applicable Exchange regulations.
Vote Calculation
In favor Against Abstain
60,234,081,121 shares Nil Nil
(100%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 419
Page 422
420
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Third Agenda:
Appointment of Public Accountant and Public Accounting Firm to audit the Company’s Financial Statements for the Finan- Realisation
cial Year 2022 and Determination of Honorarium and Other Requirements related to the Appointment.
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2022
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,234,081,121 shares (100%) have decided to:
1. Appoint Mr. “Muhammad Kurniawan” and Public Accounting Firm “Purwantono, Sungkoro and Surja” (member firm of Ernst
& Young Global Limited)” as Public Accountant and Public Accounting Firm to audit the Company’s financial statements for
the fiscal year 2022;
2. Approved the delegation of authority to the Company’s Board of Commissioners to determine the amount of honorarium in
connection with the appointment of the Public Accounting Firm, with conditions that are considered good;
3. To authorise the Board of Commissioners and the Board of Directors of the Company to do everything related to the ap-
pointment of the Public Accountant Firm, including appointing a Public Accountant and/or a Substitute Public Accountant
Firm, in the event that the Public Accountant Firm “Purwantono, Sungkoro and Surja” for any reason cannot complete the
audit of the Company’s Financial Statements for the financial year 2022.
Vote Calculation
In favor Against Abstain
60,234,081,121 shares Nil Nil
(100%)
Fourth Agenda:
Realisation
Determination of Honorarium and/or Other Benefits for Board of Commissioners for the Financial Year 2022
The decision was made by oral voting, where: Has been realised in
- There were no shareholders and/or their proxies who raised questions/opinions. 2022
- There were shareholders and/or their proxies who abstained, amounting to 4,500 shares or 0.00001% of the total autho-
rized shares present at the Meeting.
- There were shareholders and/or their proxies who disagreed, amounting to 30,000 shares or 0.00005% of the total autho-
rized shares present at the Meeting.
Shareholders who agreed were 60,234,046,621 shares or 99.99994% of the total authorised shares present at the Meeting.
In accordance with the provisions of Article 12 paragraph 7 of the Company’s Articles of Association and Article 47 of the Fi-
nancial Services Authority Regulation Number 15/POJK.04/2020, abstain votes are considered to vote the same as the votes of
the majority of shareholders who cast votes, so that the total number of affirmative votes amounted to 60,234,051,121 shares or
99.99995% of the total valid shares present at the Meeting.
Thus, the Meeting with the most votes, which amounted to 60,234,051,121 shares (99.99995%) has decided to:
- Approve the delegation of authority to the President Commissioner, to determine the Honorarium and/or Other Benefits
for members of the Board of Commissioners for the financial year 2022; taking into account the proposals and recommenda-
tions of the Nomination and Remuneration Committee of the Company. The amount of Honorarium and/or Other Benefits
for members of the Board of Commissioners will be included in the Company’s Annual Report for the financial year 2022.
Vote Calculation
In favor Against Abstain
60,234,046,621 shares 30,000 shares 4,500 shares
(999.99994%) (0.00005%) (0.00001%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 423
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Fifth Agenda:
Delegation of Authority to the Board of Commissioners to determine:
a. Salary and/or Other Benefits for members of the Board of Directors for the Financial Year 2022, and Realisation
b. Honorarium and/or Other Benefits for members of the Sharia Supervisory Board for the Financial Year
2022.
The decision was made by oral voting, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2022
- There were no shareholders and/or proxy of shareholders who abstained.
- There were shareholders and/or their proxies who disagreed, amounting to 506,100 shares or 0.00084% of the total
authorised shares present at the Meeting.
Shareholders who agreed were 60,233,574,921 shares or 99.99916% of the total authorised shares present at the Meeting.
Thus, the Meeting with the most votes, namely 60,233,574,921 shares (99.99916%) has decided to:
1. Determine the amount of Bonus of the Company’s Board of Directors for the financial year 2021 in the amount of
Rp30,890,000,000,- (thirty billion - eight hundred ninety million rupiah); where the implementation of the distribution,
including the determination of the amount of Bonus for each member of the Board of Directors as well as the determina-
tion of the amount of variable remuneration, will be carried out with reference to the recommendations of the Company’s
Nomination and Remuneration Committee, with due observance of the applicable provisions regarding the Remuneration
of the Board of Directors. The amount of the Directors’ Bonus will be included in the Company’s Annual Report for the
financial year 2022.
2. Approved the delegation of authority to the Board of Commissioners to determine the amount of Salary and/or Other
Benefits for members of the Board of Directors for the financial year 2022; taking into account the proposals and recom-
mendations of the Company’s Nomination and Remuneration Committee. The amount of Salary and/or Other Benefits for
members of the Board of Directors will be included in the Company’s Annual Report for the financial year 2022.
3. Approved the delegation of authority to the Board of Commissioners to determine the Honorarium and/or Other Benefits
for members of the Sharia Supervisory Board for the financial year 2022; taking into account the proposals a nd recom-
mendations of the Nomination and Remuneration Committee of the Company. The amount of Honorarium and/or Other
Benefits for members of the Sharia Supervisory Board will be included in the Company’s Annual Report for the financial
year 2022.
Vote Calculation
In favor Against Abstain
60,233,574,921 shares 506,100 shares 4.500 shares
(99.99916%) (0.00084%) (0.00001%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 421
Page 424
422
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Sixth Agenda:
Realisation
Changes in the Composition of Members of the Board of Commissioners and Board of Directors of the Company
The decision was made based on deliberation to reach a consensus, where: Has been realised in
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2022
- There were no shareholders and/or proxy of shareholders who abstained from voting.
- There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,234,081,121 shares (100%) have decided to:
1. Approve the termination of the term of office of Mr. Achjar Iljas as Independent Commissioner of the Company as of the
closing of this Meeting.
2. Accept and approve the resignation of Dato’ Sri Abdul Farid Bin Alias as President Commissioner of the Company,
effective on May 1, 2022, along with gratitude and appreciation for his hard work and services for the progress of the
Company. As for the granting of release and responsibility (acquit et de charge) to him will be determined at the Annual
General Meeting of Shareholders of the Company related to the term of office.
3. Accept and approve the resignation of Mr. David Formula as Director of the Company, effective on May 18, 2022, along
with gratitude and appreciation for his hard work and services for the progress of the Company. The granting of release
and responsibility (acquit et de charge) to him will be determined at the Annual General Meeting of Shareholders of the
Company related to the term of office.
4. Approved to reappoint Mr. Achjar Iljas as Independent Commissioner of the Company, with the term of office
commencing from the closing of this Meeting until the closing of the Annual General Meeting of Shareholders of the
Company which will be held in 2025.
Regarding the proposed reappointment of himself as Independent Commissioner of the Company, Mr. Achjar Iljas has
provided a statement to the Company that he will remain independent, in order to fulfill the requirements as referred
to in Article 25 of OJK Regulation Number 33 of 2014 concerning the Board of Directors and Board of Commissioners of
Issuers or Public Companies.
5. Approved to appoint:
a. Dato’ Khairussaleh Ramli as President Commissioner of the Company with the term of office effective immediately
from May 1, 2022 and after obtaining approval from the relevant Regulator, until the closing of the Annual General
Meeting of Shareholders of the Company which will be held in 2025.
b. Dato’ Zulkiflee Abbas Abdul Hamid as Commissioner of the Company with the term of office effective immediately
from the closing of this Meeting and after obtaining approval from the relevant Regulators, until the closing of the
Annual General Meeting of Shareholders of the Company which will be held in 2025.
6. Determining that as of the closing of this Meeting, the composition of the Company’s Board of Commissioners and Board
of Directors will be as follows:
BOARD OF COMMISSIONERS BOARD OF DIRECTORS
1. Dato’ Sri Abdul Farid Bin Alias : President Commissioner 1) 1. Taswin Zakaria : President Director
2. Dato’ Khairussaleh Ramli : President Commissioner 2) 2. Thilagavathy Nadason : Director
3. Edwin Gerungan : Commissioner 3. Irvandi Ferizal : Director
4. Datuk Lim Hong Tat : Commissioner 4. Effendi : Director
5. Budhi Dyah Sitawati : Independent Commissioner 5. Muhamadian : Director
6. Achjar Iljas : Independent Commissioner 6. Widya Permana : Director
7. Hendar : Independent Commissioner 7. Steffano Ridwan : Director
8. Putut Eko Bayuseno : Independent Commissioner 8. Ricky Antariksa : Director
9. Dato’ Zulkiflee Abbas Abdul Hamid : Commissioner 3) 9. David Formula : Director 4)
With the following provisions:
1. That the term of office of Dato’ Sri Abdul Farid Bin Alias as President Commissioner of the Company will expire on
May 1, 2022;
2. That the appointment of Dato’ Khairussaleh Ramli as President Commissioner of the Company will be effective
immediately after May 1, 2022 and after obtaining approval from the relevant Regulator. Accordingly, the
appointment that will be effective for him will be in accordance with the decision of the relevant Regulator;
3. That the appointment of Dato’ Zulkiflee Abbas Abdul Hamid as Commissioner of the Company will be effective
immediately upon the conclusion of this Meeting and after obtaining approval from the relevant Regulators.
Accordingly, the appointment that will apply to him is in accordance with the decision of the relevant Regulator;
4. That the term of office of Mr. David Formula as Director of the Company will expire on 18 May 2022.
7. Approved to delegate the authority and power to the Board of Directors of the Company to restate and/or reaffirm in
a Notarial deed (including making changes and/or additions) in connection with changes in the Members of the Board
of Commissioners and the Board of Directors of the Company and to authorise the Board of Directors with the right
of substitution to the Notary to apply for registration, obtain receipt of notification or apply for approval from the
competent authority; In short, to take all other necessary actions in accordance with the provisions of the Company’s
Articles of Association and applicable laws and regulations.
Vote Calculation
In favor Against Abstain
60,234,081,121 shares 506,100 shares 4,500 shares
(100%) (0.00084%) (0.00001%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 425
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Seventh Agenda:
Realisation
Division of Duties and Authorities among Members of the Board of Directors
· The decision was made based on deliberation to reach a consensus, where: Has been realised in
· There were no shareholders and/or proxy of shareholders who raised questions/opinions. 2022
· There were no shareholders and/or proxy of shareholders who abstained from voting.
· There were no shareholders and/or proxy of shareholders who disagreed.
Therefore, all shareholders present or 60,234,081,121 shares (100%) have decided to:
· Approve the distribution of duties and authorities among the members of the Board of Directors for the fiscal year 2022,
submitted to the Board of Directors to be determined through a Board of Directors Resolution.
Vote Calculation
In favor Against Abstain
60,234,081,121 shares Nil Nil
(100%)
Eighth Agenda:
Realisation
Approval of the Company’s Recovery Plan Update, to fulfill Article 31 POJK No. 14 of 2017;
The decision was made by oral voting, where: Has been realised in
- There were no shareholders and/or their proxies who raised questions/opinions. 2022
- There were shareholders and/or their proxies who abstained, amounting to 5,432,300 shares or 0.00906% of the total
authorised shares present at the Meeting.
- There were no shareholders and/or proxy of shareholders who expressed disagreement
Shareholders who agreed were 60,228,648,821 shares or 99.99098% of the total authorised shares present at the Meeting.
In accordance with the provisions of Article 12 paragraph 7 of the Company’s Articles of Association and Article 47 of the
Financial Services Authority Regulation Number 15/POJK.04/2020, abstain votes are considered to vote the same as the votes
of the majority of shareholders who cast votes, so that the total number of affirmative votes amounted to 60,234,081,121 shares
or 100% of the total valid shares present at the Meeting.
Thus, all shareholders present or 60,234,081,121 shares (100%) have decided to:
1. Approve the update of the Company’s Recovery Plan as the Recovery Plan update document submitted by the Company’s
Board of Directors to OJK through letters dated September 17, 2021 and February 21, 2022, along with any further adjust-
ments required, in line with OJK’s evaluation;
2. Authorise the Board of Commissioners and/or the Board of Directors of the Company to take all necessary actions in
implementing the Recovery Plan in accordance with applicable regulations.
Vote Calculation
In favor Against Abstain
60,228,648,821 shares Nil 5,432,300 shares
(99.99098%) (0.00902%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 423
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Highlights Report Profile and Analysis
DECISIONS AND REALISATION OF THE RESULTS OF THE 2022 RUPSLB
The Bank held an Extraordinary GMS on 28 September 2022 resulting in the following agenda and resolutions
Single Agenda:
Realisation
Changes of the composition of the Board of Directors of the Company
The decision was made by oral voting, where: Has been realised
- There were no shareholders and/or proxy of shareholders who raised questions/opinions. in 2022
- There were shareholders and/or their proxies who abstained, amounting to 13,000 shares or 0.00002% of the total valid
shares present at the Meeting.
- There were no shareholders and/or proxy of shareholders who expressed disagreement
Shareholders who agreed were 60,237,212,781 shares or 99.99998% of the total valid shares present at the Meeting.
In accordance with the provisions of Article 12 paragraph 7 of the Company’s Articles of Association and Article 47 of the
Financial Services Authority Regulation Number 15/POJK.04/2020, abstain votes are deemed to cast the same vote as the
votes of the majority of shareholders who cast votes, so that the total number of affirmative votes is 60,237,225,181 shares or
100% of the total number of valid shares present at the Meeting.
Thus, all shareholders present or 60,237,225,181 shares (100%) have decided to:
1. Approved to appoint Bambang Andri Irawan as Director of the Company for the term of office effective as of the closing of
this Meeting and after obtaining approval from the Financial Services Authority until the closing of the Company’s Annual
General Meeting of Shareholders in 2025.
2. Determining that as of the closing of this Meeting, the composition of the Company’s Board of Commissioners, Board of
Directors and Sharia Supervisory Board will be as follows:
BOARD OF COMMISSIONERS:
- Dato’ Khairussaleh Ramli : President Commissioner 1)
- Edwin Gerungan : Commissioner
- Datuk Lim Hong Tat : Commissioner
- Dato’ Zulkiflee Abbas Abdul Hamid : Commissioner
- Budhi Dyah Sitawati : Independent Commissioner
- Achjar Iljas : Independent Commissioner
- Hendar : Independent Commissioner
- Putut Eko Bayuseno : Independent Commissioner
BOARD OF DIRECTORS:
- Taswin Zakaria : President Director
- Thilagavathy Nadason : Director
- Irvandi Ferizal : Director
- Effendi : Director
- Muhamadian : Director
- Widya Permana : Director
- Steffano Ridwan : Director
- Ricky Antariksa : Director
- Bambang Andri Irawan : Director 2)
SHARIA SUPERVISORY BOARD:
- Muhammad Anwar Ibrahim : Chairman
- Abdul Jabar Majid : Member
- Mohammad Bagus Teguh Perwira : Member
With the following provisions:
1. That Dato’ Khairussaleh Ramli who was appointed pursuant to the Annual General Meeting of Shareholders of the
Company dated 25 March 2022 will effectively serve as President Commissioner of the Company upon approval from the
Financial Services Authority (“OJK”). Therefore, the appointment that will apply to him is in accordance with the decision
of the OJK;
2. That the appointment of Bambang Andri Irawan as Director of the Company will be effective upon approval from the OJK.
Therefore, the appointment that will be effective for him is in accordance with the decision of the OJK;
3. Approved to delegate authority and power to the Board of Directors of the Company to restate and/or reaffirm in a
Notarial Deed (including making changes and/or additions) in relation to changes in the Members of the Board of
Directors of the Company and to authorise the Board of Directors with the right of substitution to the Notary to apply for
registration, obtain receipt of notification or apply for approval from the competent authority; In short, to take all other
necessary actions in accordance with the provisions of the Company’s Articles of Association and applicable laws and
regulations.
Vote Counting
In Favour Against Abstain
60.237.212.781 Shares Nil 13,000 shares
(99,99998%) (0.00002%)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
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Board of Commissioners
The Board of Commissioners is the Bank’s Governance organ that 10. SEOJK No. 39/SEOJK.03/2016 concerning Capability and
has the duty and responsibility to conduct general and/or specific Appropriateness Assessment for Prospective Controlling
supervision in accordance with the Articles of Association Shareholders, Prospective Members of the Board of
and to provide advice to the Board of Directors regarding the Directors, and Prospective Members of the Board of
implementation of the duties and responsibilities of the Board Commissioners of Banks;
of Directors. The Board of Commissioners also plays an active 11. POJK No. 46/POJK.03/2017 concerning Implementation of
role in monitoring the effectiveness of the implementation of Compliance Function of Commercial Banks;
Corporate Governance in every business activity of the Bank at 12. POJK No. 18/POJK.03/2016 concerning the Implementation
all levels of the Bank’s organisation. of Risk Management for Commercial Banks;
13. Articles of Association of Maybank Indonesia; and
In carrying out its duties and responsibilities, the Board of 14. Other relevant provisions.
Commissioners is assisted is assisted by committees that
support the supervisory function. These committees include the GUIDELINES AND WORK RULES OF
Audit Committee, Risk Oversight Committee, Nomination and THE BOARD OF COMMISSIONERS
Remuneration Committee, Integrated Governance Committee, In carrying out its duties and responsibilities, the Board of
Whistleblowing Governance Committee and Information and Commissioners has a Charter that is continuously updated with
Technology Oversight Committee. improvements and adjustments that refer to the prevailing rules
and regulations in Indonesia. The Code of Conduct is binding for
Members of the Board of Commissioners are appointed through each member of the Board of Commissioners.
the GMS by taking into account the recommendations of the
Nomination and Remuneration Committee. All members of DUTIES AND RESPONSIBILITIES OF
the Maybank Indonesia Board of Commissioners have passed THE BOARD OF COMMISSIONERS
the OJK Fit and Proper Test, thus all members of the Maybank The duties and responsibilities of the Board of Commissioners
Indonesia Board of Commissioners have met the criteria of are regulated in article 19 of the Articles of Association of
having adequate integrity, competence and financial reputation. Maybank Indonesia. The duties and responsibilities of the Board
Maybank Indonesia’s Board of Commissioners is committed to of Commissioners are as follows:
implementing good and transparent Corporate Governance 1. The Board of Commissioners supervises the management
practices and implementing ethical and moral principles policy, the course of management in general, both regarding
seriously. the Company and the Company’s business, and provides
advice to the Board of Directors. Supervision and provision
LEGAL BASIS of advice are carried out for the benefit of the Company
The Board of Commissioners is established based on several in accordance with the purposes and objectives of the
provisions including: Company.
1. Law No. 40 of 2007 concerning Limited Liability Companies. 2. Members of the Board of Commissioners shall carry out
2. Law No. 7 of 1992 on Banking as amended by Law No. 10 of their duties and responsibilities in good faith, with full
1998; responsibility and prudence.
3. POJK No. 33/POJK.04/2014 concerning the Board of 3. Supervision by the Board of Commissioners is carried out,
Directors and Board of Commissioners of Issuers or Public among others, through periodic meetings of the Board
Companies. of Commissioners with the Board of Directors or through
4. POJK No. 55/POJK.04/2015 regarding the Establishment and reports submitted specifically by SKAI, Audit Committee,
Implementation Guidelines for the Audit Committee; Risk Oversight Committee, Nomination and Remuneration
5. POJK No. 45/POJK.03/2015 concerning the Implementation Committee, Compliance Director or through other written
of Governance in Providing Remuneration for Commercial means of communication.
Banks; 4. In certain conditions, the Board of Commissioners shall
6. POJK No. 12 /POJK.03/2021 concerning Commercial Banks; organise the Annual GMS and Other GMS in accordance with
7. POJK No. 17 Year 2023 concerning the Implementation of its authority as stipulated in the laws and regulations and the
Governance for Commercial Banks; Bank’s Articles of Association.
8. SEOJK No.13/SEOJK.03/2017 concerning the Implementation 5. In order to support the effectiveness of the implementation
of Governance for Commercial Banks; of its duties and responsibilities, the Board of Commissioners
9. POJK No. 27/POJK.03/2016 concerning Capability and establishes Board of Commissioners level committees,
Appropriateness Assessment for Main Parties of Financial and ensures that these committees have carried out their
Services Institutions; duties effectively and evaluates the performance of these
committees at the end of each fiscal year through the Board
of Commissioners (BOC) and BOC Committees Effective
Evaluation (BEE) framework.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 425
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The Board of Commissioners level committees are as follows: 13. The Board of Commissioners shall notify the Regulator
- Audit Committee no later than 5 (five) working days from the discovery
- Risk Oversight Committee of violations of laws and regulations in the financial and
- Nomination and Remuneration Committee banking sectors and if there are circumstances or predictions
- Integrated Governance Committee of circumstances that may jeopardise the Bank’s business
- Whistleblowing Governance Committee continuity.
- Information and Technology Monitoring Committee 14. The Board of Commissioners provides sufficient time to carry
out its duties and responsibilities optimally and participate in
Detailed information on these committees is provided in the competency and expertise improvement programs.
Board of Commissioners Committees section. 15. The Board of Commissioners submits a report on the
supervisory duties performed during the previous fiscal year
6. Through the existence of committees, the Board of in the annual report submitted by the Board of Directors to
Commissioners assesses internal and external audit reports, the GMS.
provides direction and ensures that the Board of Directors 16. The Board of Commissioners approves the AML and CFT
has followed up on audit findings and recommendations from Program policy.
SKAI, external auditors, supervisory results of Bank Indonesia 17. Oversee the implementation of the Board of Directors’
and/or the Financial Services Authority and other authorities, responsibility for the implementation of the AML and CFT
provides opinions and direction on the human resource Program, including commitments made by the bank to the
management system and the implementation of risk control Regulator.
systems in the Bank.
7. Each member of the Board of Commissioners is jointly and DUTIES AND RESPONSIBILITIES OF
severally liable for the Bank’s losses caused by the fault or THE PRESIDENT COMMISSIONER
negligence of the member of the Board of Commissioners in The President Commissioner has duties and responsibilities
carrying out his/her duties, unless it can be proven that: including:
- Has conducted supervision in good faith and prudence 1. The President Commissioner carries out the supervisory
for the benefit of the Company and in accordance with function as carried out by other members of the Board of
the purposes and objectives of the Company. Commissioners;
- Has no direct or indirect personal interest in the 2. The President Commissioner together with all members
management actions of the Board of Directors that result of the Board of Commissioners is responsible for setting
in losses. the policy framework and ensuring that the Board of
- Has provided advice to the Board of Directors to prevent Commissioners supports the strategy formulated by the
the loss from arising or continuing. Company and monitors its implementation;
8. In carrying out its duties and responsibilities, the Board of 3. The President Commissioner ensures the rules and
Commissioners actively ensures the implementation of Good regulations and encourages healthy debate on issues
Corporate Governance principles in every business activity at under discussion so as to reflect the level of skepticism and
all levels of the organisation. independence of the Board of Commissioners;
9. In carrying out the supervisory function, the Board of 4. The President Commissioner also ensures that where
Commissioners has the duty and responsibility to direct, necessary resolutions of the BOC are decided by vote to
monitor and evaluate the implementation of the Bank’s ensure that decisions are made collectively and reflect the
overall business strategic policy in order to comply with the will of the majority;
laws and regulations, articles of association and the results of 5. The President Commissioner leads the evaluation of the
the GMS decisions and avoid any form of conflict of interest. suitability and effectiveness of the succession planning
10. The Board of Commissioners provides opinions and direction program for the Board of Commissioners and Board of
to the Board of Directors regarding the determination of the Directors;
Bank’s vision, mission, work culture and values. 6. The President Commissioner also encourages a healthy
11. The Board of Commissioners shall not be involved in working relationship with the President Director and
decision-making related to the Bank’s operational activities, provides necessary support and advice as appropriate;
except in the case of the provision of funds to related 7. The President Commissioner demonstrates the highest
parties, or other matters stipulated in the Bank’s Articles of standards of corporate governance practices and ensures
Association and/or applicable laws and regulations in order that these practices are regularly communicated to
to carry out the supervisory function. stakeholders;
12. The BOC is responsible for ensuring that senior management 8. The President Commissioner chairs the Company’s General
maintains and updates its internal control system to ensure Meeting of Shareholders;
effectiveness and efficiency in terms of operational control, 9. The President Commissioner may summon/convene
internal finance and compliance with laws and regulations. the Board of Commissioners Meeting or the Board of
Commissioners Meeting with the Board of Directors at any
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
time when deemed necessary by the President Commissioner The criteria that must be met by prospective members of the
and has the right to determine other timeframes related Board of Commissioners of Maybank Indonesia, among others,
to the method of summoning the Board of Commissioners are as follows:
Meeting and the Board of Commissioners Meeting with the 1. Fulfill the relevant skills and core competency requirements
Board of Directors; and deemed capable and appropriate to be appointed as a
10. The President Commissioner leads the Board of member of the Board of Commissioners in accordance with
Commissioners Meeting or joint Board of Commissioners the Financial Services Authority Regulation regarding Fit and
Meeting with the Board of Directors. Proper Test;
2. Meet the integrity requirements in accordance with the
AUTHORITY OF THE BOARD OF applicable requirements, among others:
COMMISSIONERS a. Have good morals and character.
The Board of Commissioners has the following authorities: b. Have a strong commitment to comply with applicable
1. The Board of Commissioners may perform management laws and regulations including the Bank’s rules and
actions of the Bank in certain circumstances for a certain regulations and support the policies of the Financial
period of time as stipulated in the Articles of Association or Services Authority.
GMS resolution. c. Have a commitment to the development of healthy Bank
2. Members of the Board of Commissioners, either jointly or operations.
individually, at any time during the Bank’s office hours shall d. Not included in the Failure List of Fit and Proper
be entitled to enter the buildings, offices and premises used Assessment.
by the Bank and shall be entitled to inspect the records and e. Capable of performing legal acts.
documents and assets of the Bank in order to carry out their 3. Fulfill the relevant skills and core competency requirements
obligations. and deemed capable and appropriate to be appointed as a
3. In connection with the implementation of its duties and member of the Board of Commissioners in accordance with
responsibilities, the Board of Commissioners is authorised to the Financial Services Authority Regulation regarding Fit and
communicate directly with employees, the Board of Directors Proper Test.
and other parties. 4. Fulfill Competency Requirements in accordance with the
4. The Board of Commissioners has the authority to temporarily requirements stipulated in the applicable regulations,
suspend a member of the Board of Directors if the member including:
of the Board of Directors acts contrary to the Articles of a. Banking knowledge that is adequate and relevant to his/
Association and/or the prevailing laws and regulations. The her position
temporary dismissal must be notified in writing to the person b. Experience and expertise in banking and/or finance.
concerned along with the reasons. c. Knowledge of the duties and responsibilities of the
Main Entity and an understanding of the main business
BOARD OF COMMISSIONERS activities and main risks of the FSIs within the Bank
APPOINTMENT CRITERIA Financial Conglomerate.
The appointment of Maybank Indonesia Board of Commissioners d. Knowledge of the Indonesian economy, culture and
members is based on the relevant provisions, among others: language, for Commissioner candidates who are foreign
1. OJK Regulation No. 33/POJK.04/2014 concerning Board of nationals.
Directors and Board of Commissioners of Issuers and Public 5. Having a good financial reputation, namely at least in the 5
Companies; (five) years prior to appointment and during office:
2. OJK Regulation No. 17 Year 2023 on the Implementation of a. Does not have bad credit and/or is not a Controlling
Corporate Governance for Commercial Banks; Shareholder, member of the Board of Directors or
3. OJK Regulation No. 27/POJK.03/2016 concerning Capability member of the Board of Commissioners of a legal entity
and Appropriateness Assessment for Main Parties of that has bad credit;
Financial Services Institutions; b. Has never been declared bankrupt or become a member
4. OJK Circular Letter No. 39/SEOJK.03/2016 concerning of the Board of Directors or a Company that was found
Capability and Appropriateness Assessment for candidates guilty of causing a company to be declared bankrupt;
for Controlling Shareholders, Candidates for members of the c. Never been convicted of a criminal offense that is
Board of Directors, and Candidates for Members of the Board detrimental to state finances and/or related to the
of Commissioners of Banks. financial sector.
5. OJK Regulation No. 34/POJK.03/2018 concerning d. Never been a member of the Board of Directors and/or
Reassessment for the Main Party of Financial Services a member of the Board of Commissioners during his/her
Institutions; tenure:
6. OJK Regulation No. 14/POJK.03/2021 concerning i. Has not held an Annual General Meeting of
amendments to POJK No. 34/POJK.03/2018 concerning Shareholders;
Reassessment for the Main Party of Financial Services
Institutions.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 427
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
ii. Has caused a company that the OJK to obtain the necessary approvals in accordance with the Fit and Proper Test
obtained a license, approval provisions. Based on the Financial Services Authority Regulation on Fit and Proper Test,
or registration from the the effective date of appointment of members of the Board of Directors and Board of
Financial Services Authority Commissioners is the date of approval by the Financial Services Authority, although the
to not fulfill the obligation to Bank may hold a General Meeting of Shareholders before obtaining approval from the
submit annual reports and/ Financial Services Authority. The appointment of new members of the Board of Directors
or financial reports to the and Board of Commissioners must be reported to the Financial Services Authority within
Financial Services Authority; 10 (ten) days after the date the appointment becomes effective.
iii. His/her accountability as
a member of the Board of A candidate of a member of the Board of Commissioners who is awaiting approval from the
Directors and/or a member of Financial Services Authority is prohibited from performing duties as a member of the Board
the Board of Commissioners of Directors and/or Board of Commissioners in the company’s operations and/or other
has not been accepted by activities that significantly affect the Bank’s policies and financial condition, even though
the General Meeting of he/she has been approved and appointed by the General Meeting of Shareholders.
Shareholders or has not
provided accountability as COMPOSITION AND MEMBERS
a member of the Board of Based on POJK Regulation No. 17 Year 2023 concerning the Implementation
Directors and/or a member of of Governance for Commercial Banks, the Bank is required to have a Board of
the Board of Commissioners Commissioners with a minimum number of 3 (three) members and at most the same as
to the General Meeting of the number of members of the Board of Directors and at least 50% of the members of
Shareholders. the Board of Commissioners are Independent Commissioners and at least 1 (one) person
must be domiciled in Indonesia. The replacement and/or appointment of members of the
BOARD OF Board of Commissioners has taken into account the recommendations of the Nomination
COMMISSIONERS and Remuneration Committee.
ELECTION PROCESS
Any recommendation to replace and/ As of 2023, the number and composition of Maybank Indonesia’s Board of
or appoint members of the Board of Commissioners has met all applicable requirements as below:
Commissioners at the General Meeting 1. Consists of more than 3 (three) people, namely 8 (eight) people and does not exceed
of Shareholders must consider the the number of Directors, which currently the number of members of the Bank’s
recommendations of the Nomination Board of Directors is 9 (nine) people;
and Remuneration Committee. The 2. Led by the President Commissioner;
Nomination and Remuneration 3. 5 (five) members of the Bank’s Board of Commissioners are domiciled in Indonesia;
Committee recommends suitable 4. 50% of the members of the Bank’s Board of Commissioners are Independent
candidates as members of the Bank’s Commissioners;
Board of Directors and Board of 5. More than 50% of the members of the Board of Commissioners are Indonesian
Commissioners, and ensures that the citizens.
candidates meet the relevant skills and
core competency requirements and In line with the ASEAN Corporate Governance Scorecard principles, the composition of
are deemed capable and appropriate the Board of Commissioners also includes:
to be appointed as members of the 1. 1 (one) female member of the Board of Commissioners who is an Independent
Bank’s Board of Directors and Board of Commissioner (minimum 1 (one) female Independent Commissioner).
Commissioners in accordance with the 2. Members of the Board of Commissioners totaling 8 (eight) persons (minimum 5 (five)
Financial Services Authority Regulation persons and maximum 12 (twelve) persons).
on Fit and Proper Test 3. In terms of expertise, the majority of members of the Board of Commissioners have
working experience in the banking sector.
As needed, Maybank Indonesia may
use professional search firm or other The composition of the Bank’s Board of Commissioners in 2023 is as follows:
external sources of candidate when Name of Commissioner Position
searching for candidate to the Board of
Dato’ Khairussaleh Ramli President Commissioner
Commissioners.
Budhi Dyah Sitawati Independent Commissioner
Once approved by the Board of Achjar Iljas Independent Commissioner
Commissioners, the application for the Hendar Independent Commissioner
appointment of candidates for members Putut Eko Bayuseno Independent Commissioner
of the Bank’s Board of Directors and Board Edwin Gerungan Commissioner
of Commissioners will then be proposed
Datuk Lim Hong Tat Commissioner
to the General Meeting of Shareholders
Dato’ Zulkiflee Abbas Abdul Hamid Commissioner
and in parallel will be submitted to
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Term of Office of the Board of Commissioners
Approval Date
Board of Commissioners Term of Office
No Position Effective Date of Reappointed
Maybank Indonesia GMS Approval until the AGMS
Appointment
1 Dato’ Khairussaleh Ramli President Commissioner 26 March 2022 4 October 2022 - 2025
2 Budhi Dyah Sitawati Independent 27 August 2010 8 April 2011 19 April 2012 2024
Commissioner
24 April 2015
6 April 2018
26 March 2021
3 Achjar Iljas Independent 22 April 2013 20 Februari 2014 24 April 2015 2025
Commissioner
22 April 2016
29 March 2019
25 March 2022
4 Hendar Independent 16 October 2017 22 January 2018 30 March 2020 2026
Commissioner
31 March 2023
5 Putut Eko Bayuseno Independent 26 March 2021 7 September 2021 - 2024
Commissioner
6 Edwin Gerungan Commissioner 31 March 2017 2 March 2018 30 March 2020 2026
31 March 2023
7 Datuk Lim Hong Tat Commissioner 18 October 2018 5 August 2019 26 March 2021 2024
8 Dato’ Zulkiflee Abbas Abdul Commissioner 25 March 2022 6 July 2022 - 2025
Hamid
Board of Commissioners Training Program
Name Training Name Organising Party Location Date
Dato’ Khairussaleh Managing Cyber Risk by Mr Steve Ledzian, Vice
Ramli President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
Budhi Dyah Managing Cyber Risk by Mr Steve Ledzian, Vice
Sitawati President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Sustainability Series - Green Labs Internal Jakarta 07 March 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Maybank Indonesia Economic Outlook 2023, Sustaining
Indonesia Economic Recovery Momentum Internal Jakarta 15 March 2023
LESA 2023 (LEADERSHIP FOR ENTERPRISE The Asia School of
SUSTAINABILITY ASIA) Asian-Sustain Ablers in Actions Business Online 15 March 2023
Maybank Indonesia Sustainability Week 2023 Internal Jakarta 31 July 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
The Guru Series - Fortifying Financial Frontlines:
Navigating Cyber Threats and AI Driven Attack in
Banking Sector Internal Jakarta 14 September 2023
M25+ Grand Showcase Internal Jakarta 16 November 2023
PT Bank Maybank Indonesia Tbk 2023 Annual Report 429
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Board of Commissioners Training Program
Name Training Name Organising Party Location Date
Achjar Iljas Managing Cyber Risk by Mr Steve Ledzian, Vice
President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Sustainability Series - Green Labs Internal Jakarta 07 March 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Maybank Indonesia Sustainability Week 2023 Internal Jakarta 31 July 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
The Guru Series - Fortifying Financial Frontlines:
Navigating Cyber Threats and AI Driven Attack in
Banking Sector Internal Jakarta 14 September 2023
M25+ Grand Showcase Internal Jakarta 16 November 2023
Hendar Managing Cyber Risk by Mr Steve Ledzian, Vice
President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Sustainability Series - Green Labs Internal Jakarta 07 March 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Maybank Indonesia Economic Outlook 2023, Sustaining
Indonesia Economic Recovery Momentum Internal Jakarta 15 March 2023
Maybank Indonesia Sustainability Week 2023 Internal Jakarta 31 July 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
Instiute of Internal
IIA National Conference - Komite Audit Audit (IIA) Indonesia Batam 30 August 2023
The Guru Series - Fortifying Financial Frontlines:
Navigating Cyber Threats and AI Driven Attack in
Banking Sector Internal Jakarta 14 September 2023
Putut Eko Bayuseno Managing Cyber Risk by Mr Steve Ledzian, Vice
President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Sustainability Series - Green Labs Internal Jakarta 07 March 2023
Agile Thinking Training Maybank Group KL 10 March 2023
The Guru Series - Fortifying Financial Frontlines:
Navigating Cyber Threats and AI Driven Attack in
Banking Sector Internal Jakarta 14 September 2023
Edwin Gerungan Managing Cyber Risk by Mr Steve Ledzian, Vice
President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Sustainability Series - Green Labs Internal Jakarta 07 March 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Maybank Indonesia Economic Outlook 2023, Sustaining
Indonesia Economic Recovery Momentum Internal Jakarta 15 March 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
The Guru Series - Fortifying Financial Frontlines:
Navigating Cyber Threats and AI Driven Attack in
Banking Sector Internal Jakarta 14 September 2023
M25+ Grand Showcase Internal Jakarta 16 November 2023
Datuk Lim Hong Tat Managing Cyber Risk by Mr Steve Ledzian, Vice
President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 433
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Board of Commissioners Training Program
Name Training Name Organising Party Location Date
Dato’ Zulkiflee Managing Cyber Risk by Mr Steve Ledzian, Vice
Abbas Abdul Hamid President and Chief Technology Officer (Asia Pacific &
Japan) of Mandiant Maybank Group Online 15 February 2023
Sustainability Series - Green Labs Internal Online 07 March 2023
Agile Thinking Training Maybank Group KL 10 March 2023
Refreshment AML CFT For BOD & BOC Internal Online 15 August 2023
DISCLOSURE OF CONCURRENT POSITIONS
Information on concurrent positions of members of the Board of Commissioners is as follows:
Name of Commissioner Position at the Bank Position Company/Agency Organisation
Dato’ Khairussaleh Ramli President Commissioner President & Group Chief Executive Malayan Banking Berhad (MBB)
Officer
Non-Executive Director Cagamas Holdings Berhad
Non-Executive Director Payments Network Malaysia Sdn Bhd
(Paynet)
Non-Independent Non-Executive Maybank Singapore Limited
Director
Budhi Dyah Sitawati Independent Commissioner President Commissioner PT Bangkit Maju Wisata
Board of Trustee Maybank Foundation
Achjar Iljas Independent Commissioner Advisory Board IAEI
Advisor ASBISINDO
Faculty Member Institut Bank Indonesia
Lecturer of Graduate Studies in Sekolah Tinggi Ekonomi Ahmad
Islamic Finance Dahlan (Institut Teknologi dan Bisnis
Ahmad Dahlan)
Non-permanent Lecturer STIE Indonesia Banking School (IBS)
Jakarta
Hendar Independent Commissioner Non-permanent Lecturer STIE Indonesia Banking School (IBS)
Jakarta
Advisor PT Visa Worldwide Indonesia
Putut Eko Bayuseno Independent Commissioner Komisaris PT Agincourt Resource
Edwin Gerungan Commissioner Independent Non-Executive Director Malayan Banking Berhad
President Commissioner PT Melchor Tiara Pratama
Datuk Lim Hong Tat Commissioner Senior Advisor Creador (Private Equity Co,)
Senior Advisor Areca Capital Sdn Bhd
Independent Non-Executive Director Malaysia Smelting Corporation
Berhad (MSC)
Dato’ Zulkiflee Abbas Abdul Commissioner Independent Non Executive Director Malayan Banking Berhad
Hamid
Independent Non Executive Director/ Maybank Islamic Berhad
Chairman
INDEPENDENCE OF THE BOARD OF COMMISSIONERS
The Board of Commissioners upholds the principle of independence in carrying out its duties and responsibilities, and always prioritises
the interests of the Bank above its own interests. The Board of Commissioners also maintains that in carrying out its duties it cannot be
influenced by any party.
CONFLICT OF INTEREST POLICY FOR THE BOARD OF COMMISSIONERS
Throughout 2023, the Bank ensures that all members of the Board of Commissioners have no conflict of interest or potential conflict
of interest with Maybank Indonesia. All members of the Board of Commissioners must avoid potential conflicts of interest or always
position themselves to not be in a potential conflict of interest in any situation as stated in the in the Company’s article of association.
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In the event of a conflict of interest, members of the Board of 2. Ensuring that the Board of Directors has followed up on audit
Commissioners are prohibited from taking actions that may findings and recommendations from the Internal Audit Unit,
harm or reduce the Bank’s profits and must disclose the potential including improvements to the findings of external, internal
conflict of interest in every decision. and regulatory audits.
3. Actively supervise the Bank’s risk management process,
Any decision regarding a transaction that has a conflict of including in conducting a self-assessment of the Bank’s
interest to the Board of Commissioners, must be taken at an health level using Risk Based-Bank Rating (RBBR). During
Extraordinary General Meeting of Shareholders specifically 2022, monitored the Bank’s bankwide risk management
convened for that purpose, which is attended by independent process, asset quality, governance, and profitability
shareholders or shareholders who do not have a conflict of through the Risk Oversight Committee. In addition, it
interest in the transaction in accordance with the prevailing laws also reviewed risk management policies, especially those
in the field of capital markets and the regulations of the Stock recommended by regulators such as the credit restructuring
Exchange where the Company’s shares are listed. program to overcome the impact of the Covid-19 pandemic,
and evaluated the suitability of these policies and their
In the event that the member of the Board of Commissioners implementation.
appointed by the Board of Commissioners to chair the Meeting 4. Reviewing the Bank’s financial performance on a regular
has a conflict of interest over the matter to be decided at the basis.
General Meeting of Shareholders, the General Meeting of 5. In order to support the effectiveness of the implementation
Shareholders shall be chaired by another member of the Board of the duties and responsibilities of the Board of
of Commissioners who does not have a conflict of interest Commissioners, in each meeting the Board of Commissioners
appointed by the Board of Commissioners. receives reports from each Committee, namely: Audit
Committee, Risk Oversight Committee, Nomination
If all members of the Board of Commissioners have a conflict of and Remuneration Committee, Integrated Governance
interest, the General Meeting of Shareholders shall be chaired Committee, Whistleblowing Governance Committee and
by a member of the Board of Directors appointed by the Board of Information and Technology Monitoring Committee.
Directors. 6. Provided input and direction on the implementation of
the Bank’s M25+ strategy plan in order to accelerate the
LENDING POLICY FOR THE BOARD OF achievement of Maybank’s performance.
COMMISSIONERS
Pursuant to the prevailing policies, rules and regulations, the ORIENTATION PROGRAMMES FOR
Board of Commissioners and their families and other parties NEW COMMISSIONERS
affiliated with them may not borrow money from the Bank. If Maybank Indonesia have orientation program for new members
there is any, it is carried out with fairness and conducted at arms of the Board of Commissioners. This orientation program aims to
length in accordance with market prices. provide input to new Commissioners to gain an understanding of
the Company, the latest business developments so that they can
BOARD OF COMMISSIONERS carry out their duties effectively and efficiently.
SUPERVISION FOCUS 2023
During 2023, the Board of Commissioners has supervised the ANNUAL PERFORMANCE
management of the Bank by the Board of Directors. The Board ASSESSMENT OF COMMITTEE OF THE
of Commissioners also ensured that the Bank has implemented BOARD OF COMMISSIONERS
the strategic policies set and the implementation of Governance Assessment Procedure
in all Bank activities has been running well. The Board of Assessment of the performance of committees under the Board of
Commissioners gives primary attention to the achievement of Commissioners is conducted annually using the self-assessment
business targets with due regard to risk management based method and peer assessment. Performance assessment for
on prudential principles and compliance with all applicable committees is conducted by each committee member who is
regulations. Assisted by its committees, the Board of a member of the Board of Commissioners. Assessment of the
Commissioners has provided recommendations and input on performance of the Board of Commissioners committees is
various aspects of the Bank’s business and business support. conducted through the Board of Commissioners (BOC) and
BOC Committees Effectiveness Evaluation (“BEE”) framework
The focus of the Board of Commissioners’ supervision covers conducted by each Commissioner using a survey application.
several important aspects in 2023, which include, among others: In addition to being conducted by members of the Board of
1. Analyze, provide input, and together with the Board of Commissioners, an assessment of the performance of the Board
Directors approve the Bank’s Business Plan (RBB), 2023 of Commissioners Committees is also conducted by the Board
including the realisation of the RBB in the previous period. of Directors using the 360⁰ Management (Board of Directors)
Evaluation BEE framework. The evaluation is conducted by the
Corporate Secretary and the final results are submitted to the
Board of Commissioners in the form of a BEE Report.
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Assessment Criteria COMMITTEE RECOMMENDATIONS TO
The performance assessment criteria of the committees under THE BOARD OF COMMISSIONERS
the Board of Commissioners are as follows: On an ongoing basis, the Board of Commissioners supervises
• Collective Assessment and provides direction and/or advice to the Board of Directors
This assessment is an assessment conducted by each in relation to recommendations submitted through the Audit
member of the Board of Commissioners on the overall Committee, Risk Oversight Committee, Nomination and
performance of the committee. This assessment generally Remuneration Committee, Integrated Governance Committee,
covers the structure and composition of the committee, Whistleblowing Governance Committee and IT Oversight
strategic thinking, oversight and governance, as well as the Committee which are discussed at the Board of Commissioners
effectiveness of the committee in discussing issues/problems meeting.
of the Company and in providing recommendations to the
Company. There are several important agendas during 2023, including:
• Individual Assessment 1) Based on the recommendations of the Risk Oversight
This assessment is an assessment conducted by each Committee, The Board of Commissioners has approved the:
member of the Board of Commissioners on the performance • Review of ROC Charter
of the committee of which he/she is a member. • Review of Credit Underwriting Standard (CUS)Global
Banking (GB) 2023
Assessment Results • Annual Review of ICAAP 2023
The Bank has established committees that support the • Annual Review of Capital Management Framework
implementation of the duties and supervisory functions of the • Risk Appetite Statement (RAS) tahun 2023
Bank’s Board of Commissioners, namely the Audit Committee, • Industry Limit for 2023.
Risk Oversight Committee, Nomination and Remuneration • Review of Information Technology Risk Management
Committee, Integrated Governance Committee, Whistleblowing Framework
Governance Committee and Information and Technology • The Outsourcing Company Regulations 2023
Oversight Committee. • Annual Review of Kebijakan Klasifikasi Kredit/
Pembiayaan dan Penurunan Nilai
The basis for assessing the implementation of the duties • Credit Approval Escalation
of the Board of Commissioners Committee is to measure • Changes in CUS & PDA Approval Process
the effectiveness of the Committee in supporting the • Update of Cybersecurity Risk Management Per.Pur.
implementation of the duties and responsibilities of the Bank’s • Adjustment on Credit Approval Authority
Board of Commissioners using the following parameters: • Revision of Customer’s Power of Attorney (POA)
1. Are the BoC Committees effective in assisting the BoC to • The implementation Regulator’s Legal Lending Limit
discharge its roles and responsibilities? (LLL) for Bank Mandiri Obligor
2. Is the BoC Committees Chair effective in discharging his/her • Climate Risk Policy
roles and responsibilities? • Company Regulation regarding Personal Data Protection
3. How is the Interface between BoC Committees and the BoC? • Annual Review of Risk Management Framework & Risk
Document 2023
The results of the overall assessment of the implementation of • Annual Review of Recovery Plan FY2024
the duties of the Maybank Indonesia Board of Commissioners • Appointment of Alternate Chairman of RMC & CPC
Committee for 2023 remain positive, indicating that the support • Review of AML/CFT/CPF Policy
and implementation of functions provided to the Board of • MBI Securities Investment Management Framework
Commissioners in carrying out its duties and responsibilities are
rated Satisfactory. Likewise, the results of the assessment given The Board of Commissioners approves the Risk Based
by the Board of Directors on the performance of the Board of Soundness Level on a semesterly basis, as well as provides
Commissioners Committee are considered Satisfactory. various advice and or responses in the management of
risk management, based on periodic reviews by the Risk
Oversight Committee as reported in the information on the
implementation of the duties of this committee.
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2) Based on the input from the Audit Committee, the Board of 4) Based on the recommendation of the Nomination and
Commissioners provided recommendations to the Board of Remuneration Committee, the Board of Commissioners has:
Directors including: a. Approved the nomination of candidates for the
a. Approve the issuance of the Bank and Consolidated appointment and/or replacement of members of the
Financial Statements as well as the audited published Board of Directors, Board of Commissioners, and Shariah
financial statements for 2022 and the interim financial Supervisory Board, which will be submitted to the
statements (unaudited) for the 1st, 2nd and 3rd quarters General Meeting of Shareholders.
of 2023. The Audit Committee’s recommendations b. Approved the nomination of candidates for Independent
related to the presentation of the Financial Statements, Committee Members and Executive Vice President
accounting treatment and conformity with generally candidates to fill the required positions.
accepted accounting principles, including the adequacy c. Approved the recommendations submitted for changes
of the published financial statements and their reporting in the composition of the Board of Commissioners
to the competent authorities. Committees for the 2021-2024 period.
b. Provide various responses and or advice to the Board of d. Approved the remuneration for members of the Board
Directors related to the results of the implementation of Directors, Board of Commissioners, and Shariah
of the audit by the internal auditor and oversee the Supervisory Board, which will be submitted to the
implementation of follow-up by the Board of Directors General Meeting of Shareholders.
on these findings. e. Approved the remuneration for candidates for
c. Approved the changes of the SKAI Annual Audit Plan Independent Committee Members and candidates for
(AAP) for 2023 and the SKAI AAP for 2024. Executive Vice President.
d. Provide various responses and or advice to the Board of f. Approve the recommendations of the Nomination and
Directors on the status and follow-up of audit results by Remuneration Committee regarding the implementation
regulators and groups. of remuneration policies and employee retention
e. Approved the appointment of a Public Accounting strategies in general, taking into account the principles
Firm (KAP) that has been registered with OJK and of governance in providing remuneration in accordance
officially affiliated with one of the world’s major Public with applicable regulatory provisions, including and not
Accounting Firms to audit the Bank’s consolidated limited to Material Risk Taker officials.
financial statements for the fiscal year 2023 and the g. Approve recommendations on the Bank’s Material Risk
determination of honorarium for the KAP and other Taker positions based on the review conducted by the
requirements in connection with the appointment of the Nomination and Remuneration Committee, including
KAP. recommendations on 2 (two) new Material Risk Taker
f. Approved the changes of Audit Committee Charter positions.
h. Approved the evaluation results of the Board of
3) Based on the direction provided by the Integrated Directors’ performance in 2021 and approved the
Governance Committee, the Board of Commissioners framework for evaluating the Board of Directors’
provided recommendations to the Board of Directors performance in 2022.
including: i. Approved the performance assessment framework of the
a. Provide recommendations regarding the submission of Board of Commissioners and Board of Commissioners
the Integrated Governance Implementation Report for level Committees in 2022, namely Board Effectiveness
semester 1 and semester 2 of 2023 and annual 2022 to Evaluation.
OJK; j. Reviewed the talent management process, including
b. Providing recommendations related to the submission building a succession plan for members of the Board of
of semi-annual Risk Profile Report and Minimum Capital Directors.
Adequacy Report to OJK; k. Provide recommendations and ensure that members
c. Supervise and provide recommendations on the of the Board of Directors and Board of Commissioners
implementation of the integrated work units that receive appropriate and continuous development in
have been established in order to support the order to keep abreast of the latest developments in the
implementation of supervision by the TKT Committee, industry.
including the Integrated Internal Audit Work Unit,
Integrated Compliance Work Unit and Integrated Risk 5) The following are recommendations/inputs provided by the
Management Work Unit. Reports on the implementation Whistleblowing Governance Committee during 2023:
of the functions of each of these working units were a. Provide input regarding Anti-Fraud education measures,
reported periodically to the Integrated Good Corporate in order to provide a better understanding of the purpose
Governance Committee and inform to the Board of of the Whistleblowing Channel and improve the quality
Commissioners. of information reported by Whistleblowers.
d. Periodic evaluation of the framework of Integrated
Risk Management Work Unit and Integrated Capital
Management Procedure.
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b. Provide input regarding improvement of the ANNUAL PERFORMANCE
whistleblowing related information on the Maybank ASSESSMENT OF THE BOARD OF
Indonesia’s website, in order to provide education and COMMISSIONERS (INCLUDING THE
also to improve the quality of information reported by PRESIDENT COMMISSIONER)
Whistleblowers Policy and Procedure for Annual Performance Assessment
of the Board of Commissioners
6) Based on recommendations from the IT Oversight Assessment of the Board of Commissioners’ performance
Committee, the Board of Commissioners has: is conducted annually, and is carried out by the Board of
a. Recommend IT Management Framework to Align with Commissioners (“BOC”) and the BOC Committees Effectiveness
OJK Regulation No. 11 /POJK.03/2022 dated 6 July 2022 Evaluation exercise (“BEE”). The assessment is done by
regarding the Implementation of Information Technology themselves by means of self-assessment, and by colleagues
by Commercial Banks through peer’s assessment. In addition to being conducted by
b. Recommend Core Banking Modernisation Proposal, Risk members of the Board of Commissioners, the assessment of the
Assessment, and Kick Off Preparation performance of the Board of Commissioners Committee is also
c. Recommend IT Oversight Committee Charter to conducted by the Board of Directors using the 360⁰ Management
align with OJK Regulation Number 17 Year 2023 (Board of Directors) Evaluation BEE framework.
dated 14 September 2023 regarding Good Corporate
Governance for Commercial Banks and OJK Regulation The evaluation is administered by the Corporate Secretary and
No. 11 /POJK.03/2022 dated 6 July 2022 regarding the final results are submitted to the Board of Commissioners in
the Implementation of Information Technology by the form of a BEE Report.
Commercial Banks.
The assessment process includes an evaluation in terms of
7) Provided input in the GMS in terms of the appointment of competence and expertise/experience, the performance of the
a Public Accounting Firm (KAP) that has been registered Board of Commissioners committees, the effectiveness of the
with OJK and officially affiliated with one of the world’s implementation of the Board of Commissioners’ responsibilities
major Public Accounting Firms to audit the Bank’s and self-assessment and peer assessment of the implementation
financial statements for the fiscal year 2023 as well as of the supervisory function by each member of the Board of
the determination of honorarium for the KAP and other Commissioners. Furthermore, the results of the assessment will
requirements in connection with the appointment of the be submitted to the Board of Commissioners.
KAP.
The Board of Commissioners Performance Appraisal is conducted
8) Provide input and determine changes in the membership annually internally, and every 3 (three) years independently
of the Risk Oversight Committee, Audit Committee, and with the support of external consultants or experts. 2023 will be
Nomination and Remuneration Committee in connection the third year since the implementation of BEE was carried out
with the resignation of one of its members. by external consultants. Maybank Indonesia appointed Ernst &
Young Consulting Sdn. Bhd. (“EY”) as an external consultant for
the implementation of BEE for year 2023.
Board of Commissioners Performance Assessment Criteria
The criteria for evaluating the performance of the Board of Commissioners are designed to evaluate the Board of Commissioners’
performance both collegially and individually. The performance standards for the Board of Commissioners are separated into 3 (three)
parts, each of which covers the following topics:
Part A Part B Part C
A. BOC Effectiveness in leading M25+ A. Independence A. BoC Effectiveness in leading M25+ for the
1. BoC Effectiveness in leading M25+ for the B. Contribution and and Commitment current year of assessment
current year of assessment C. Competency, Skills and Expertise B. BoC Readiness in effectively leading M25+
2. BoC Readiness in effectively leading D. General Comments moving forward
M25+ moving forward C. Leadership and Culture
B. BOC Leadership and Culture D. Overall BOC Performance
1. Overall BOC Performance E. BoC Dynamics
2. BoC Dynamics F. Leadership by President Commissioner
3. Leadership by President Commissioner G. BOC Composition
4. Interactions with Management H. BOC Responsibilities
5. BOC Composition I. BOC Committees
C. BOC Responsibilities J. BOC Administration and Operations
D. BOC Committees K. Continuous Development
E. BOC Administration and Operations
1. BOC Process
2. Continuous Development
3. Remuneration
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1. Part A: BOC and BOC Committee Effectiveness Evaluation Based on the overall results of the BEE assessment, the following
to evaluate the overall performance of the BOC. are the three strengths of the Maybank Indonesia Board of
Commissioners:
2. Part B: Commissioners’ Self and Peer Evaluation 1. Competent and professional, supported by diverse
to evaluate individual BOC member’s contribution to the background, knowledge, experience and network.
BOC and aspects on personal qualities and attributes. 2. Responsible, having a strong commitment to fulfill legal
obligations, comply with regulations and improve GCG.
3. Part C : 360⁰ Management (Board of Directors) Evaluation 3. Solid relationship among Board of Commissioners members,
BEE collaborative, open to discussion and debate.
In order to get a broader view of the BEE result, the Board of
Directors will also evaluate the performance of the Board of Other matters that are considered by the BOC to be of strength:
Commissioners in 2023. 1. Effective leadership exemplified by the President
Commissioner
The Process and the Party Conducting the Assessment The President Commissioner facilitates a consultative
The process and the party conducting the assessment of the environment and encourages contributions from all
performance of the Board of Commissioners are as follows: Commissioners
1. Assessment is conducted individually (self-assessment) and 2. Effective Board of Commissioners Process and
by peers (self and peers assessment). Administration
2. Assessment of the Board of Commissioners is also conducted
by the Board of Directors. Administrative tools that support the administrative processes of
3. Each Commissioner and member of the Board of Directors the BOC include effective and timely support from the Corporate
fills out an assessment questionnaire through an electronic Secretary.
survey application sent directly by the External Consultant
(EY). While the Board of Commissioners considers these areas to
4. The results of the evaluation of the Board of Commissioners be the strengths of the Board of Commissioners, they also
performance assessment are presented by the external consider that the Board of Commissioners should enhance their
consultant (EY) in the Nomination and Remuneration knowledge in the areas of Environment, Social & Governance
Committee meeting and the Board of Commissioners (ESG), sustainable financing and digital in line with current
meeting. If necessary, the President Commissioner may developments.
provide input and improvements on the results of the Board
of Commissioners performance assessment both collegially INDEPENDENT COMMISSIONER
and individually. Independent Commissioner is a member of the Board of
Commissioners who has no financial, management, share
Recommendations on Assessment Results ownership and/or family relationship with members of the Board
The assessment results will be used as a reference in determining of Commissioners, members of the Board of Directors and/or
the improvement steps that need to be taken by the Board of controlling shareholders or with the Bank that may hinder or
Commissioners. inhibit his/her position to act independently in accordance with
the principles of governance. Independent Commissioners are
Results of the Board of Commissioners Performance responsible for supervising and representing the interests of
Assessment in 2023. minority shareholders.
The results of the 2023 Board of Commissioners Performance
Appraisal are still positive, with the overall assessment result Criteria and Number of Independent Commissioners
being Satisfactory. In 2023, the Board of Commissioners The criteria and number of Independent Commissioners of
continues to carry out its supervisory function well in ensuring Maybank Indonesia are in accordance with the following
that the Bank’s performance achievements can meet the provisions:
expectations of shareholders and all stakeholders. 1. POJK No. 33/POJK.04/2014 concerning Directors and Board
of Commissioners of Issuers or Public Companies;
2. OJK Regulations No. 17 Year 2023 concerning the
Implementation of Governance for Commercial Banks; and
3. OJK Regulations No. 13/SEOJK.03/2017 concerning the
Implementation of Governance for Commercial Banks.
4. OJK Regulations No. 12 /POJK.03/2021 concerning
Commercial Banks;
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Maybank Indonesia’s Independent Commissioner criteria have met the criteria as stipulated in OJK Regulations No. 33/POJK.04/2014,
Article 21 paragraph 2, as follows:
Budhi Dyah Putut Eko
Independent Commissioner Criteria Achjar Iljas Hendar
Sitawati Bayuseno
a. Not a person who works or has the authority and
responsibility to plan, lead, control or supervise the
activities of the Issuer or Public Company within the last
√ √ √ √
6 (six) months, except for reappointment as Independent
Commissioner of the Issuer or Public Company in the
following period;
b. Does not have shares either directly or indirectly in the
√ √ √ √
Issuer or Public Company;
c. Have no affiliation with the Issuer or Public Company,
members of the Board of Commissioners, members of
√ √ √ √
the Board of Directors, or major shareholders of the
Issuer or Public Company; and
d. Has no direct or indirect business relationship related to
√ √ √ √
the business activities of the Issuer or Public Company.
Number of Independent Commissioners
As of 31 December 2023, Maybank Indonesia’s Board of Commissioners consists of 8 (eight) members, with 4 (four) of them are
Independent Commissioners, or 50% (fifty percent) of the total number of members of the Board of Commissioners. Therefore, the
composition of Maybank Indonesia’s Board of Commissioners has fulfilled the provisions of OJK Regulations No. 17 Year 2023 concerning
the Implementation of Governance for Commercial Banks and OJK SE No. 13/SEOJK.03/2017 concerning the Implementation of
Governance for Commercial Banks which stipulates that at least 50% (fifty percent) of the total members of the Board of Commissioners
are Independent Commissioners.
Statement of Independence of Each Independent Commissioner
All member of the Independent Commissioners of Maybank Indonesia have signed Independent Statement Letters and have been
submitted to OJK. In each of the statement letters, the Independent Commissioners stated that:
1. Has no financial, management, share ownership, and/or family relationship to the second degree with members of the Board of
Commissioners, Board of Directors, and/or controlling shareholders or relationship with the Bank that may affect the ability to act
independently as referred to in the provisions regarding the implementation of Governance for Commercial Banks;
2. If in the future, it is found that the Independent Commissioner has relationships as referred to in point 1 above, then the
Independent Commissioner is willing to relinquish the position and is willing to be replaced.
There are 3 (three) Independent Commissioners who have been reappointed after serving 2 consecutive terms, namely Budhi Dyah
Sitawati (last reappointed at the 2021 AGMS), Achjar Iljas (last reappointed at the 2022 AGMS) dan (last reappointed at the 2023
AGMS). Prior to the re-appointment, Maybank Indonesia has fulfilled the following matters:
a. That, the meeting of the members of the Board of Commissioners considers that the Independent Commissioner can still act
independently; and
b. That, the Independent Commissioner has declared in the GMS regarding his/her independence.
The statement of independence of the Independent Commissioner as mentioned above has been disclosed in the Bank’s Corporate
Governance implementation report.
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Board of Directors
The Board of Directors is an organ of Governance that is authorised and entirely SCOPE OF DUTIES AND
responsible for the management of the Bank for the benefit of the Bank, in accordance with AUTHORITY OF EACH
the Bank’s purposes and objectives. It represents the Bank, both inside and outside the MEMBER OF THE BOARD
court, in accordance with the provisions of the articles of association and applicable laws OF DIRECTORS
and regulations. The Board of Directors has full collegial responsibility for the management The scope of work and responsibilities
of the Bank in accordance with the provisions of the Bank’s Articles of Association. of each member of the Board of
Directors is determined based on
All members of the Board of Directors carry out their duties per the division of duties article 16.9 of the Bank’s Articles of
and authority, aiming to achieve management effectiveness and maximum results. The Association. The distribution of duties
Board of Directors also upholds a professional, objective, strategic-minded attitude and and authorities among the members of
prioritises the interests of the Bank to increase added value for stakeholders and ensure the Board of Directors for 2023, based
business sustainability. on the Resolution of the Annual General
Meeting of Shareholders of Maybank
LEGAL BASIS Indonesia dated March 31, 2023, which
Legal basis for the appointment of the Board of Directors: approved the duties and authorities
1. Law No. 40 of 2007 on Limited Liability Companies. among the members of the Board of
2. Law No. 7 of 1992 on Banking was amended by Law No. 10 of 1998. Directors for the fiscal year 2022. Based
3. SE OJK No. 28 /SEOJK.03/2022 on Risk Management Certification for Commercial on the resolution of the AGMS, the duties
Bank Human Resources and authorities are determined through
4. POJK No. 27 /POJK.03/2016 on Fit and Proper Test for Main party of Financial Service a Decree of the Board of Directors. The
Institution. division of duties and authorities among
5. POJK No. 33/POJK.04/2014 on Directors and Board of Commissioners of Issuers or members of the Board of Directors of
Public Companies. Maybank Indonesia is as follows:
6. POJK No. 17 Year 2023 on the Implementation of Governance for Commercial Banks.
7. SEOJK No.13/SEOJK.03/2017 on the Implementation of Governance for Commercial Taswin Zakaria - President Director
Banks. – Responsible for strategising, plan and
8. POJK No. 27/POJK.03/2016 on Capability and Appropriateness Assessment for Main lead the Bank’s banking operations
Parties of Financial Services Institutions. to meet the objectives and targets
9. SEOJK No. 39/SEOJK.03/2016 on Capability and Appropriateness Assessment as part of Maybank Group’s regional
for Prospective Controlling Shareholders, Prospective Members of the Board of strategies to become the top regional
Directors, and Prospective Members of the Board of Commissioners of Banks. financial services;
10. POJK No. 46/POJK.03/2017 on the Implementation of the Compliance Function of – Facilitates the growth of the Bank’s
Commercial Banks. operations by leveraging the Group’s
11. POJK No. 18/POJK.03/2016 on the Implementation of Risk Management for business capabilities and client
Commercial Banks. networks.
12. POJK NO. 15/POJK.04/2020 on the plan and organisation of the General Meeting of
Shareholders of Public Companies.
13. Other related laws and regulations.
COMPOSITION OF THE BOARD OF DIRECTORS
The composition of the Bank’s Board of Directors as of December 31, 2023, is as follows:
No Nama Jabatan
1 Taswin Zakaria President Director
2 Thilagavathy Nadason Director
3 Irvandi Ferizal Director
4 Effendi Director
5 Widya Permana Director
6 Muhamadian Director of Compliance
7 Steffano Ridwan Director
8 Ricky Antariksa Director
9 Bambang Andri Irawan Director
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Thilagavathy Nadason – Director of Finance Steffano Ridwan – Director of Community Financial
– Responsible for leading, directing, and controlling the Bank’s Services (CFS)
financials and relationships with the investors to maintain - Responsible for setting and managing the business strategies
the short and long-term financial health of the business; and implementing and monitoring its progress in order to
– Planning, directing, and coordinating the activities related successfully provide the whole range of retail banking and
to accounting, fiscal reports, and debt management, business banking services to the customers.
including investments, business licensing administration, - Responsible for developing new products and improving
and tax administration, also to ensure cost-effectiveness of the performance of the business, also developing the Bank’s
operations and conformance with the standard regulations; channels to ensure market penetration and business growth
– Provides supervision to the Bank’s subsidiaries. - Provides supervision to the Bank’s subsidiaries
Irvandi Ferizal – Director of Human Capital Ricky Antariksa –Director of Global Banking
Responsible for planning, developing, and implementing Responsible for setting, implementing, and monitoring the global
effective Human Resources (HR) strategies that aligned with the banking business strategies in providing holistic offerings of
Bank’s vision and its current and long-term business objectives; corporate banking, financial institutions, and global markets/
Represents the Bank on HR matters, provides strategic and treasury products, as well as global transaction services, such
expert Human Resources advice to the President Director, and as transaction banking and cash management to local and
other executives, as well as collaborating with the Board of international corporate clients.
Directors on a range of strategic issues.
Bambang Andri Irawan – Director Information and
Effendi – Director of Risk Management Technology
Responsible for reviewing, assessing, and developing policies - Responsible for setting directions and overseeing the
to ensure that the Bank manages its risks effectively, including implementation of Information Technology
operational risk, credit risk, and market risk; Assuring that - Actively provides solutions for the business team,
the Bank’s risk policies are adherence to existing policies and supporting the banking operations, in particular achieving
guidelines, such as the adequacy of documentations to ensure the organisation’s objectives, providing digital solutions,
the security of collateral and/or to minimise bad debts or non- increasing the automation process and the digital
performing loans. transformation that creates additional benefits for the Bank;
- Ensures the implementation of the initiatives and projects in
Widya Permana – Director of Operations the IT directorate are impactful and aligned with the Bank’s
Responsible for providing efficient operations and overseeing needs as well as the prevailing policies and regulations.
the overall development and coordination of banking operations,
ensuring cost-effectiveness of operations and conformance with GUIDELINES AND WORK RULES OF
the standard regulations to support the Bank’s businesses and in THE BOARD OF DIRECTORS
line with the customers’ expectations, both internal and external The Board of Directors of the Bank has guidelines, and work
customers. rules called the Board of Directors Manual as guidelines and
references for carrying out their duties as Directors.
Muhamadian – Director of Compliance
- Continuously performs the required duties and obligations COMPOSITION AND CRITERIA
to adhere to all rules and regulations and supervises any risks The composition and criteria of the Bank’s Board of Directors are
that may arise out of a failure to comply with the applicable in accordance with the prevailing regulations, among others, as
regulations. follows:
- Responsible for the maintenance of fair, consistent, and 1. The number of members of the Board of Directors is more
transparent communications regarding matters related to than 3 (three) people, namely 9 (nine) people.
corporate governance, material transactions, and corporate 2. All members of the Board of Directors are domiciled in
actions. Indonesia.
- Provides support in administrative, information, utilities, 3. All members of the Board of Directors have at least 5 (five)
and resources to facilitate the Board of Directors (BOD) and years of experience in the operational field and at least as an
the Board of Commissioners (BOC) in performing their tasks Executive Officer of the Bank.
and responsibilities, also monitors compliance with capital 4. No concurrent positions of the Bank’s Directors violate the
market laws and regulations and ensures that the BOD are applicable regulatory provisions, namely POJK No. 17 Year
informed of changes in the laws and regulations and their 2023 on the Implementation of Governance for Commercial
implications. Banks excludes the implementation of functional duties to
become a member of the Board of Commissioners in non-
bank subsidiaries controlled by the Bank from the scope of
prohibited concurrent positions.
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INDEPENDENCE OF BOARD OF DIRECTORS
The Board of Directors has no financial relationship, management relationship, share ownership and/or family relationship with other
members of the Board of Directors, Board of Commissioners, and/or Controlling Shareholders or relationship with the Bank so that the
Board of Directors of Maybank Indonesia is able to carry out its duties and responsibilities independently.
TERM OF OFFICE FOR BOARD OF DIRECTORS
1. The members of the Board of Directors shall be appointed by the respective General Meeting of Shareholders for a term
commencing on the date specified at the General Meeting of Shareholders appointing them until the closing of the 3rd (third)
Annual General Meeting of Shareholders after the date of their appointment.
2. The members of the Board of Directors whose term of office has expired may be reappointed.
Composition and Basis for Appointment of Directors in 2023::
Basis of Appointment Term of
No Name Title Re-appointed Office until
AGM Approval Effective Date the AGMS
- 2015
President Director 12 March 2014
24 April 2015 2018
1 Taswin Zakaria (BI/OJK APPROVAL)
6 April 2018 2021
Director of UUS 9 October 2014
26 March 2021 2024
- 2012
5 June 2012 2015
2 Thilagavathy Nadason Director 20 March 2009 4 August 2009 24 April 2015 2018
6 April 2018 2021
26 March 2021 2024
- 2018
3 Irvandi Ferizal Director 1 December 2015 21 January 2016 6 April 2018 2021
26 March 2021 2024
- 2020
4 Effendi Director 31 March 2017 21 July 2017 30 March 2020 2023
31 March 2023 2026
- 2021
5 Widya Permana Director 18 October 2018 18 January 2019
26 March 2021 2024
- 2021
6 Muhamadian Director 18 October 2018 18 January 2019
26 March 2021 2024
- 2023
7 Steffano Ridwan Director 30 March 2020
2 June 2020 31 March 2023 2026
- 2023
8 Ricky Antariksa Director 30 March 2020
13 July 2020 31 March 2023 2026
9 Bambang Andri Irawan Director 28 September 2022 15 November 2022 - 2025
The Board of Directors of Maybank Indonesia does not have concurrent positions as members of the Board of Directors, members of
the Board of Commissioners, Syariah Supervisory Board, or Executive Officers at other banks, companies, and/or institutions, except for
concurrent positions if the Directors responsible for supervising the Bank’s participation in subsidiaries carry out functional duties as
members of the Board of Commissioners at non-bank subsidiaries controlled by the Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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BOARD OF DIRECTORS TRAINING PROGRAM
To comply with the health protocols during the COVID-19 pandemic, most of the Board of Directors Training Program was conducted
through video conferences.
Name Training Name Organiser Location Date
Taswin Zakaria Sustainability Series - Green Labs Maybank Indonesia SS3 Lt. 28 7 March 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
Thilagavathy M25+ Chapter Leads Sharing Session Maybank Group Online 4 January 2023
Nadason
Session with GCOO : ESG Initiatives & Updates Maybank Group Online 4 January 2023
Sustainability Series - Green Labs Maybank Indonesia SS3 Lt. 28 7 March 2023
M25+ CHAPTER LEADS SHARING SESSION Maybank Group Online 4 January 2023
Session with GCOO : ESG Initiatives & Updates Maybank Group Online 4 January 2023
M25+ TOWNHALL with DATO' KHAIRUSSALEH RAMLI Maybank Group Hybrid 27 January 2023
BCG and AC Ventures' report launch: Shaping the Future BCG X AC Ventures Offline 29 March 2023
of Fintech in Indonesia
Join BCG & KADIN: An Evening of Innovation, AI & Data BCG X Sea Events Offline 4 May 2023
Personalisation
M25 UNLIMITED POTENTIAL (M25UP) PROGRAMME Maybank Group Offline 8 May 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
Seminar Internasional The Future of Digitalisation in External Ballroom 1 August 2023
Multifinance Industry Pullman Hotel
Jakarta
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
The Guru Series - Fortifying Financial Frontlines: Maybank Indonesia SS3 14 September 2023
Navigating Cyber Threats and AI Driven Attack in
Banking Sector
M25+ Grand Showcase Maybank Indonesia SS3 Lt. 28 16 November 2023
Irvandi Ferizal M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank KL 9 January 2023
IT Agile Leadership Training IT & Strategy Aston Bogor 16 February 2023
Transformation &
Digital
Sustainability Series - Green Labs Maybank Indonesia SS3 Lt. 28 7 March 2023
LESA 2023 (LEADERSHIP FOR ENTERPRISE The Asia School of Online 15 March 2023
SUSTAINABILITY ASIA) ASIAN-SUSTAIN ABLERS IN Business
ACTIONS
Webinar Exploring Human Capabilities to Pursue Core PT Kuadran Satu Online 30 March 2023
Strategies in Digital Era Komunika
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
The Guru Series - Fortifying Financial Frontlines: Maybank Indonesia SS3 14 September 2023
Navigating Cyber Threats and AI Driven Attack in Banking
Sector
Stakeholder Management for Boards IMD IMD, 9 October 2023
Switzerland
Strategy Governance for Boards IMD IMD, 11 October 2023
Switzerland
Team Dynamics for Boards IMD IMD, 13 October 2023
Switzerland
M25+ Grand Showcase Maybank Indonesia SS3 Lt. 28 16 November 2023
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Name Training Name Organiser Location Date
Widya Permana M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank KL 9 January 2023
Abridge BOD Workshop - Client Engagement Guide Book Maybank Indonesia SS3 Lt. 28 7 March 2023
and Sustainable Product Framework
SUSTAINABILITY SERIES - GREEN LABS Maybank Indonesia SS3 Lt. 28 7 March 2023
The Guru Series : Countdown to Innovation Maybank Indonesia Online 12 May 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
Enterprise Crisis Simulation Exercise (ECSE) 2023 Maybank Indonesia Wisma Kodel, 23 September 2023
Jakarta
Customer Focused Innovation Stanford University San Fransisco, 9 October 2023
USA
Workshop The Future Risk Management Maybank Indonesia Online 13 October 2023
M25+ Grand Showcase Maybank Indonesia SS3 Lt. 28 16 November 2023
Effendi M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank KL 30 January 2023
Sustainability Series - Green Labs Maybank Indonesia SS3 Lt. 28 7 March 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
Oxford Social Finance Program University of Oxford - Oxford 11 September 2023
Säid Business School University, UK
Group Risk Team Effectiveness Program Maybank Group Maybank KL 17 November 2023
Ricky Antariksa M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank KL 20 February 2023
Sustainability Series - Green Labs Maybank Indonesia SS3 Lt. 28 7 March 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
Refreshment Treasury Advance 16 September 2023
The Guru Series - Fortifying Financial Frontlines: Maybank Indonesia SS3 14 September 2023
Navigating Cyber Threats and AI Driven Attack in Banking
Sector
M25+ Grand Showcase Maybank Indonesia SS3 Lt. 28 16 November 2023
Oxford Strategic Leadership Program University of Oxford - Oxford 3 December 2023
Säid Business School University, UK
Muhamadian M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank KL 9 January 2023
Group Corporate Legal and Legal Services Regional Group Corporate Legal Asia School 3 March 2023
Training 2023 and Legal Services Of Business
Academic
M25 + Governance Risk Workshop Maybank Group Kuala Lumpur 10 May 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & SANCTIONS TRAINING FOR THE BOD/BOC Maybank Indonesia Online 15 August 2023
The Guru Series - Fortifying Financial Frontlines: Maybank Indonesia SS3 14 September 2023
Navigating Cyber Threats and AI Driven Attack in Banking
Sector
M25+ Grand Showcase Maybank Indonesia SS3 Lt. 28 16 November 2023
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Name Training Name Organiser Location Date
Steffano Ridwan M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank 30 January 2023
Academy
Sustainability Series - Green Labs Maybank Indonesia SS3 Lt. 28 7 March 2023
Agile Training - Exploring Agility Maybank Indonesia Ancol, Jakarta 10 June 2023
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
Bambang Andri M25 Unlimited Potential (M25UP) Programme Maybank Group Maybank 7 February 2023
Irawan Academy
IT Agile Leadership Training IT & Strategy ASTON 16 February 2023
Transformation & BOGOR
Digital
Mastersystem - Transforming Financial Services for Mastersystem Mastersystem 10 May 2023
Indonesia's Digital Economy
Maybank Indonesia Sustainability Week 2023 Maybank Indonesia SS3 Lt. 28 31 July 2023
AML/CTF & Sanctions training for the BOD/BOC Maybank Indonesia Online 15 August 2023
Sustainability Day 2023 Maybank Indonesia Taman 26 August 2023
Begawan – Bali
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CONCURRENT POSITIONS OF BOARD OF DIRECTORS
No Name of Director Title Position Outside the Bank Company/Agency/Organisation
1 Taswin Zakaria President Director - Pengurus - Perbanas (since 27 July 2016)
- Pengurus - Indonesian Bankers Association
(since May 2019)
2 Thilagavathy Nadason Director Commissioner PT Wahana Otomitra Multiartha Tbk
(non-bank subsidiaries controlled by
the Bank)
3 Irvandi Ferizal Director - -
4 Effendi Director - -
5 Widya Permana Director - -
6 Muhamadian Director - -
7 Steffano Ridwan Director Commissioner PT Maybank Indonesia Finance
(non-bank subsidiaries controlled by
the Bank)
8 Ricky Antariksa Director - -
9 Bambang Andri Irawan Director - -
DUTIES AND RESPONSIBILITIES 8. The Board of Directors submits the Annual Work Plan,
OF MEMBERS OF THE BOARD OF which also contains the Annual Budget, to the Board of
DIRECTORS Commissioners for approval prior to the commencement
The duties and responsibilities of the members of the Board of of the new financial year in accordance with applicable
Directors are as follows: regulations.
1. The Board of Directors is fully responsible for carrying 9. The Board of Directors prepares and establishes the Bank’s
out its duties to conduct business development and risk Organisational structure along with job descriptions,
management of the Bank professionally by prioritising authorities, and responsibilities and ensures optimal
the Bank’s prudential principles and the principles of good management of the Bank’s resources.
corporate governance in every business activity of the Bank 10. The Board of Directors discloses the Bank’s strategic
at all levels of the Bank’s organisation. employment policies using easily accessible media,
2. The Board of Directors carries out its duties and determines remuneration in accordance with the Bank’s
responsibilities in managing the Bank in accordance with its conditions and capabilities as well as the Bank’s peer group
authority as stipulated in the Bank’s Articles of Association. environment, and creates a good career path for employees.
It is always guided by the prevailing laws and regulations in 11. Each member of the Board of Directors is jointly and
Indonesia. severally liable for the Bank’s losses caused by the fault
3. Each member of the Board of Directors must carry out their or negligence of the member of the Board of Directors in
duties and responsibilities in good faith, responsibly, and carrying out their duties unless it can be proven that:
prudently. • The loss is not due to his/her fault or negligence.
4. In carrying out their duties and responsibilities for the • Has carried out management in good faith, full
management of the Bank, the Board of Directors must hold responsibility, and prudence for the interests and in
an Annual GMS and Other GMS as stipulated in the laws and accordance with the purposes and objectives of the Bank.
regulations and the Articles of Association. • Has no conflict of interest either directly or indirectly
5. The Board of Directors is accountable for implementing its over the management actions that resulted in the
duties and responsibilities to the shareholders through the loss. Have taken measures to prevent the incidence or
GMS. continuation of such losses.
6. The Board of Directors is entitled to represent the Bank in 12. To support the effective implementation of the duties and
and out of Court on all matters and, in all events, bind the responsibilities of the Board of Directors, Board of Directors
Bank with other parties and carry out all actions regarding level committees were established, which are also required
management and ownership but with restrictions, as by the relevant regulatory provisions to support the duties
stipulated in the Bank’s Articles of Association. and responsibilities of the Board of Directors, including the
7. The Board of Directors develops business strategies in Risk Management Committee, Internal Audit Committee,
accordance with the Bank’s vision and mission as set out Assets & Liabilities Management Committee (ALCO),
in the Annual Bank Business Plan and is responsible for Information Technology Steering Committee and Integrated
overseeing the realisation of its implementation regularly. Risk Management Committee. In addition to the committees
required by the regulatory provisions, the Bank also has
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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other supporting committees that assist the duties of the CRITERIA FOR APPOINTMENT OF
Board of Directors in accordance with the Bank’s business DIRECTORS
needs, including the Credit Committee, Credit Restructuring The appointment of members of the Bank’s Board of Directors
Committee, Impairment Committee, Human Capital and Board of Commissioners is based on the relevant provisions,
Committee, and Personnel Committee. These committees are among others:
formed based on the decision of the Board of Directors, with - POJK No. 17 Tahun 2023 on Corporate Governance for
the division of duties and responsibilities of each regulated Commercial Banks;
in the internal provisions of each Committee. The Board of - POJK No. 33/POJK.04/2014 concerning Directors and Board
Directors evaluates the performance of these committees of Commissioners of Issuers and Public Companies;
at the end of each financial year. Detailed information on - POJK No. 27/POJK.03/2016 concerning Fit and Proper Tesfor
these committees is presented in the Board of Directors Main Parties of Financial Services Institutions;
Committees section. - SEOJK No. 39/SEOJK.03/2016 concerning Fit and Proper
13. The Board of Directors also established an Internal Audit Test for candidates for Controlling Shareholders, Candidates
Unit (SKAI), Risk Management Unit (SKMR), and Compliance for members of the Board of Directors, and Candidates for
Unit to support the implementation of its duties and Members of the Board of Commissioners of Banks;
responsibilities. - POJK No. 34 /POJK.03/2018 concerning Reassessment for
14. In carrying out its duties and responsibilities, the Board Main Parties of Financial Services Institutions;
of Directors does not use individual advisors and/or - Other related regulations.
professional services as consultants except for special
projects, which have been based on clear contracts covering The criteria that must be met by the candidates of members of
the scope of work, responsibilities, period of work, and costs, the Board of Directors of Maybank Indonesia, among others, are
as well as consultants who are independent and have the as follows:
qualifications to work on special projects. 1. Fulfill the relevant skills and core competency requirements
15. In the framework of general control, as stipulated in the and are deemed capable and appropriate to be appointed as
Internal Audit Professional Standards, the Board of Directors Directors in accordance with the Financial Services Authority
has the responsibility of creating an internal control Regulation regarding Fit and Proper Test;
structure, ensuring the implementation of the internal audit 2. Fulfill the integrity requirements in accordance with the
function at all levels of management, and following up on applicable requirements, among others:
audit findings in accordance with policies or directions given a. Have good morals and character.
by the Board of Commissioners. b. Have a strong commitment to comply with applicable
16. The Board of Directors is responsible for properly following laws and regulations, including the Bank’s rules and
up on audit findings and recommendations from the Bank’s regulations, and support the policies of the Financial
internal audit unit, external auditors, supervisory results Services Authority.
of Bank Indonesia, the Financial Services Authority, and/or c. Have a commitment to the development of healthy Bank
supervisory results of other authorities. operations
17. The Board of Directors implements the Code of Conduct and d. Not included in the Failure List of Fit and Proper
Code of Ethics and Code of Conduct applicable in the Bank, Assessment.
including provisions regarding handling conflicts of interest e. Capable of performing legal acts.
that are binding and must be adhered to. 3. Fulfill the relevant skills and core competency requirements
18. The Board of Directors ensures the accuracy and quality, as and are deemed capable and appropriate to be appointed as
well as the accuracy of reports and financial data presented Directors and Board of Commissioners in accordance with
for internal and external purposes in accordance with the Financial Services Authority Regulation regarding Fit and
applicable regulations. Proper Test.
19. The BOD shall provide all information relating to the Bank as 4. Fulfill Competency Requirements in accordance with the
required by the BOC to carry out their duties. requirements stipulated in the applicable regulations,
20. The Board of Directors is responsible for any information including:
relating to the Bank submitted to the public by the Corporate a. Banking knowledge that is adequate and relevant to his/
Secretary. her position
21. The BOD is responsible for implementing the Bank’s social b. Experience and expertise in banking and/or finance, and
responsibility programs. c. Ability to perform strategic management in the context
22. Carry out other duties and responsibilities stipulated in of healthy Bank development;
the Articles of Association, laws and regulations, and those d. Knowledge of the duties and responsibilities of the Main
stipulated in the General Meeting of Shareholders, Board of Entity as well as an understanding of the main business
Directors Meeting, Company regulations, and relevant laws activities and main risks of the FSIs within the Financial
and regulations Conglomerate Bank.
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e. Personal skills, which include a good reputation, strong The Nomination and Remuneration Committee recommends
leadership skills and a wide network, especially in suitable candidates for the position of Directors of the Bank
the financial industry, and the ability to build good and also ensures that the candidates meet the relevant skills
relationships with regulators. and core competency requirements and are deemed capable
5. Financial Reputation requirements include: and appropriate to be appointed as Directors of the Bank in
a. Not having bad credit and/or not being a Controlling accordance with the OJK Regulation on Fit and Proper Test.
Shareholder, member of the Board of Directors, or
member of the Board of Commissioners of a legal entity After the recommendation submitted by the Nomination
with bad credit; and Remuneration Committee is approved by the Board of
b. Has never been declared bankrupt or become a member Commissioners, the application for the candidate’s appointment
of the Board of Directors or a Company found guilty of will be proposed to the General Meeting of Shareholders for
causing a company to be declared bankrupt within the approval, followed by the Fit and Proper Test process. Based on
last 5 (five) years before nomination; the OJK Regulation on Fit and Proper Test, the effective date
c. Never been convicted of a criminal offense that is of appointment of a member of the Board of Directors is the
detrimental to state finances and/or related to the date of OJK approval. However, the Bank may hold a General
financial sector. Meeting of Shareholders before obtaining approval from OJK.
d. Never been a member of the Board of Directors and/or a The appointment of a new member of the BOD must be reported
member of the Board of Commissioners during the term to OJK within 10 (ten) days after the date their appointment
of office: becomes effective.
i. Has not held an Annual General Meeting of
Shareholders; A prospective member of the Board of Directors who is awaiting
ii. Has caused a company that obtained a license, approval from OJK is prohibited from performing duties as a
approval or registration from the Financial Services member of the Board of Directors in the company’s operations
Authority to not fulfill the obligation to submit and/or other activities that significantly affect the Bank’s policies
annual reports and/or financial reports to the and financial condition, even though they have been approved
Financial Services Authority; and appointed by the General Meeting of Shareholders.
iii. His/her accountability as a member of the Board
of Directors and/or a member of the Board of CONFLICT OF INTEREST POLICY FOR
Commissioners has not been accepted by the BOARD OF DIRECTORS
General Meeting of Shareholders or has not provided Throughout 2023, the Bank ensured that all members of the
accountability as a member of the Board of Directors Board of Directors have no conflict of interest or potential
and/or a member of the Board of Commissioners to conflict of interest with Maybank Indonesia. This is in line with
the General Meeting of Shareholders. the commitment of the Board of Directors that all members of
6. The majority of members of the Board of Directors must have the Board of Directors must avoid potential conflicts of interest.
at least 5 (five) years of experience in banking operations.
7. Domiciled in Indonesia. In the event of a conflict of interest, members of the Board of
8. Not serving as a member of the Board of Directors, Board of Directors are prohibited from taking actions that may harm
Commissioners, or Executive Officers in other companies, or reduce the Bank’s profits and must disclose the potential
except as regulated by applicable regulations. conflict of interest in every decision. Any decision regarding
9. The majority of members of the Board of Commissioners a transaction that has a conflict of interest to the Board of
and Board of Directors are prohibited from having family Directors must be taken at an Extraordinary General Meeting of
relationships up to the second degree with other members of Shareholders specifically held for that purpose, which is attended
the Board of Commissioners and/or members of the Board of by independent shareholders or shareholders who do not have
Directors. a conflict of interest in the transaction in accordance with the
applicable laws in the capital market sector and the regulations
BOARD OF DIRECTORS ELECTION of the Stock Exchange where the Company’s shares are listed.
PROCESS
Any recommendation to replace and/or appoint members of In the event that all members of the Board of Commissioners
the Board of Directors at the General Meeting of Shareholders have a conflict of interest and no one can be appointed to chair
must consider the recommendations of the Nomination and the General Meeting of Shareholders, it shall be chaired by one
Remuneration Committee. of the members of the Board of Directors appointed by the
Board of Directors. In the event that the member of the Board
As needed, Maybank Indonesia may use professional search of Directors appointed by the Board of Directors to chair the
firm or other external sources of candidate when searching for Meeting has a conflict of interest over the matter to be decided
candidate to the Board of Directors. at the General Meeting of Shareholders, the General Meeting
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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of Shareholders shall be chaired by a member of the Board of The assessment is based on several things including the
Directors who does not have a conflict of interest. following:
• The Risk Management Committee has provided
LENDING POLICY FOR THE BOARD OF recommendations and/or approval of policies, strategies and
DIRECTORS guidelines for the implementation of risk management of the
The Bank provides loans to the Board of Directors at normal rates Bank and its subsidiaries.
and terms, as it does with parties unrelated to the Bank. Loans by • The Asset and Liability Management Committee (ALCO) has
the Board of Directors will be calculated as Maybank Indonesia’s provided strategic direction and ensured tactical follow-up
Maximum Lending Limit in accordance with POJK No. 32 / to create an evolving balance sheet structure. The committee
POJK.03/2018 concerning Maximum Lending Limit and Provision also continues to maximise the Bank’s profitability to achieve
of Large Funds for Commercial Banks. If any, it will be carried out performance objectives within defined risk parameters
at arm’s length and in accordance with market prices. through asset and liability management.
• The Internal Audit Committee (IAC) has performed duties
ORIENTATION PROGRAMMES FOR including ensuring that Management has responded and
NEW DIRECTORS followed up in a timely and effective manner on all audit
The Bank has an orientation program for new members of the findings and recommendations provided by internal audit.
Board of Directors, which is regulated by the guidelines and work The IAC has also renewed the IAC Charter in May 2022.
rules of the Board of Directors. This orientation program aims • The Information Technology Steering Committee has
to provide input to new members of the Board of Directors to updated and implemented the Information Technology
gain an understanding of the Company in a relatively short time Strategic Plan in accordance with the strategic plan of the
so that they can carry out their duties effectively and efficiently. Bank’s business activities.
All members of the Board of Directors of Maybank Indonesia, • The Integrated Risk Management Committee has reviewed,
including those who have just joined in 2023, have undergone improved and assessed the adequacy of the Integrated Risk
the Board of Directors orientation program. Management framework/policy in the process of identifying,
measuring, monitoring and reporting risks and the extent
ASSESSMENT OF THE PERFORMANCE to which Maybank Indonesia Financial Conglomerate Bank
OF THE COMMITTEES OF THE BOARD (KKMBI) operates effectively.
OF DIRECTORS • The Credit Committee in making credit decisions is guided
Assessment Procedure by the provisions of the Bank Credit Policy (KPB), Credit
The performance assessment of the committees of the Board Policy Level 2 (2a and 2b) both Global Banking and Business
of Directors is conducted at the end of the year. Evaluation Banking, Credit Policy Level 3 both Global Banking and
of the effectiveness of the performance of each committee is Business Banking, Circular Letter (SE) as well as applicable
carried out by each member of the committees through the self- Bank Indonesia (BI)/OJK regulations and related laws and
assessment method. government regulations.
• The Credit Restructuring Committee in making credit
Assessment Results decisions is guided by the provisions of the Bank’s Credit
The Bank established committees to support the implementation Policy (KPB), Tier 2 Credit Policy both Global Banking and
of the duties of the Board of Directors in carrying out banking Business Banking, Tier 3 Credit Policy both Global Banking
operations by prioritising prudential principles. and Business Banking, as well as Circular Letters (SE) and
applicable Bank Indonesia (BI)/OJK regulations and related
These committees include the Risk Management Committee, laws and government regulations.
Asset and Liability Management Committee (ALCO), Internal • The Impairment Committee has performed its duties
Audit Committee, Information Technology Steering Committee, in monitoring the loan portfolio and securities that are
Integrated Risk Management Committee, Credit Committee, impaired and have a significant impact on the Bank’s financial
Credit Restructuring Committee, Impairment Committee, statements each period.
Human Capital Committee and Personnel Committee. • The Human Capital Committee has established strategic
direction by considering Human Capital policies in order
The committees under the Board of Directors are responsible for to provide a positive impact and continuous improvement
providing a second opinion, or advice, which should be worthy on organisational activities in the Company and the
of consideration, before the Board of Directors makes decisions, development of human resources in it.
both tactical and strategic, to be implemented. Throughout
2023, the Board of Directors assessed that the committees
have performed their duties and responsibilities very well in
accordance with regulatory requirements and the Bank’s internal
regulations.
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• The Personnel Committee has analyzed/reviewed the plan The agreed KPIs of the Board of Directors are then compiled
for sanctioning employees who commit violations or fraud, in the form of a Balanced Scorecard. The Nomination and
based on one of the results of the Investigation report by the Remuneration Committee evaluates and recommends the Board
Anti-Fraud Work Unit or SKAI. of Directors’ Balanced Scorecard to the Board of Commissioners,
• Transformation Steering Committee and reviews the performance of the Board of Directors based on
• Credit Policy Committee the approved Balanced Scorecard.
The KPIs for the Board of Directors for 2022 were approved
ASSESSMENT OF BOARD OF at the Board of Commissioners meeting and the Bank’s
DIRECTORS’ PERFORMANCE performance progress is monitored regularly through financial
(INCLUDING PRESIDENT DIRECTOR - and business performance reports presented by the President
CHIEF EXECUTIVE OFFICER) Commissioner, Finance Director and Business Director at the
Procedure for Performance Appraisal of the Board of Board of Commissioners meeting.
Directors
The Bank’s strategic goals are converted into Key Performance Criteria for the Assessment of the Board of Directors
Indicators (KPIs) that are agreed upon by the Board of Directors Performance
and cascaded down to all levels to create and implement work Performance assessment conducted on annual basis to assess all
plans that are aligned with the Bank’s strategy and support each members of Board of Directors including CEO/President Director.
other to achieve the Bank’s performance targets. In 2023, the KPIs used for the performance assessment of the
Board of Directors are as follows:
Aspect Indicator
Financial Performance Measurement of the Bank’s financial performance and business portfolio growth, which includes the Bank’s
incomes and revenues, lending, third party fund, productivity and management of the Bank’s expenses in order to
improve efficiency.
Customer Service Measurement of customer service effectiveness, which includes customer satisfaction survey results, Service Level
Agreement (SLA) fulfillment, digital penetration, and increased customer product holding.
Governance and Compliance The Bank’s commitment to governance and regulatory compliance as measured by the rating and number of audit
findings, reduction in the number of incidents and fraud, corporate governance score, and asset quality.
Process Improvement Continuous process improvement in order to improve financial performance, productivity of the Bank, growth in
the number of customers and transactions, including the Bank’s transformation project.
Human Resources The Bank’s commitment to human resource management, where the measurement indicators are adjusted to
the focus or needs of the Bank in the current year, for example the level of employee engagement and initiatives
related to employee development.
The Party Conducting the Assessment
The party involved in the assessment of the performance of the Board of Directors is the President Director, the Nomination and
Remuneration Committee and the Board of Commissioners.
Recommendation of Assessment Result
The results from the assessment will be used as a reference in determining further goals and improvement steps that need to be taken
by the Board of Directors.
MEETINGS OF THE BOARD OF COMMISSIONERS, MEETINGS OF THE BOARD OF
DIRECTORS AND JOINT MEETINGS OF THE BOARD OF COMMISSIONERS AND
THE BOARD OF DIRECTORS
1. Meetings of the Board of Commissioners shall be held periodically at least 1 (one) time in 2 (two) months and/or may be held at any
time when deemed necessary by the President Commissioner or by 2 (two) or more other members of the Board of Commissioners
or by a meeting of the Board of Directors or at the request of 1 (one) or more shareholders who together represent 1/10 (one-tenth)
of the total number of shares with valid voting rights.
2. The Board of Commissioners prepares the schedule of the Board of Commissioners Meeting and the Board of Commissioners
Meeting by inviting the Board of Directors for the next fiscal year before the end of the fiscal year.
3. The Board of Commissioners shall hold a Board of Commissioners Meeting together with the Board of Directors on a regular basis at
least 1 (one) time in 4 (four) months.
4. Invitation to the Board of Commissioners Meeting shall be made by the President Commissioner or one of the members of the Board
of Commissioners or by the Corporate Secretary or Corporate Secretary Unit.
5. Invitations and materials for the BOC Meeting shall be delivered to the participants of the BOC Meeting at the latest 5 (five)
calendar days before the Meeting is held or such other period as determined by the President Commissioner.
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6. Meetings of the BOC are valid and entitled to make binding 11. Minutes of the Board of Commissioners Meeting shall
decisions only if more than 1/2 (one-half) of the total be signed by all members of the Board of Commissioners
number of incumbent members of the BOC are present or present and submitted to all members of the Board of
represented at the meeting. Commissioners and if the meeting is held jointly with the
7. Members of the BOC may participate in the Meeting Board of Directors, all members of the Board of Directors
through teleconference, electronic means or other means of present at the meeting must also sign the Minutes of the
communication that enable all persons participating in the Meeting.
Meeting to communicate with each other simultaneously 12. The Minutes of Meeting of the Board of Commissioners shall
and instantly. state the physical presence of each member of the Board of
8. The Meeting of the BOC shall be chaired by the President Commissioners and teleconference/telepresence presence.
Commissioner, in the event that the President Commissioner Attendance at teleconference/telepresence meetings is
is unable to attend or is absent, which does not need to be accompanied by recordings (audio/visual) of the Meeting.
proven to a third party, the Meeting of the BOC shall be 13. The Board of Commissioners may also adopt legal and
chaired by one of the members of the BOC elected by the binding resolutions without holding a Meeting of the Board
members of the BOC present and or represented in the of Commissioners, provided that all incumbent members of
Meeting of the BOC. the Board of Commissioners give their approval by signing
9. Resolutions of the Meeting of the BOC shall be adopted the proposed resolution (Circular Resolution). A Circular
based on deliberation for consensus. In the event that a Resolution shall have the same force as a resolution validly
decision based on deliberation for consensus is not reached, adopted in a Meeting of the Board of Commissioners.
the decision shall be made by voting based on the affirmative 14. Minutes of the Meeting of the Board of Commissioners must
votes of more than 1/2 (one-half) of the total number of accurately record the decisions taken and the views of the
incumbent members of the BOC. relevant members of the Board of Commissioners, including
10. Minutes of the Meeting of the Board of Commissioners shall any of dissenting opinion.
be prepared by the Corporate Secretary or by the Head of the 15. The Board of Commissioners Meeting and the Board of
Corporate Secretary Work Unit and shall then be submitted Commissioners Meeting inviting Directors for 2023 have
to all members of the Board of Commissioners, and if the been scheduled at the end of 20221.
Meeting is held jointly with the Board of Directors, it shall
also be submitted to all members of the Board of Directors.
Attendance of Board of Commissioners Members in the Board of Commissioners Meeting in 2023
Board of Commissioners
No Date
DKR BDS AI EG HR DLHT PEBS DZA
1 25 January 2023 √ √ √ √ √ √ √ √
2 24 February 2023 √ √ √ √ √ √ √ √
3 31 March 2023 √ √ √ √ √ √ √ √
4 22 May 2023 √ √ √ √ √ √ √ √
5 28 July 2023 √ √ √ √ √ √ √ √
6 28 August 2023 √ √ √ √ √ √ √ √
7 25 September 2023 √ √ √ √ √ √ √ √
8 24 November 2023 √ √ √ √ √ √ √ √
TOTAL 8 8 8 8 8 8 8 8
ATTEND 8 8 8 8 8 8 8 8
ABSENT 0 0 0 0 0 0 0 0
PERCENTAGE (%) 100% 100% 100% 100% 100% 100% 100% 100%
All members of the Board of Commissioners attended more than 100% (One Hundred Percent) of the Meetings during 2023
Note:
√ Physically present
√* Attend via Teleconference
X Absent
DKR - Dato' Khairussaleh Ramli | BDS - Budhi Dyah Sitawati | AI - Achjar Iljas | EG - Edwin Gerungan |
HR - Hendar | DLHT - Datuk Lim Hong Tat | PEBS - Putut Eko Bayuseno | DZA - Dato' Zulkiflee Abbas Abdul Hamid
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Attendance of Board of Commissioners Members in Special Board of Commissioners Meetings in 2023
Board of Commissioners Board of Directors
Date
DKR BDS AI EG HR DLHT PEBS DZA TZ TN IF EH MR WP SR RA BAI
16 February 2023 √ √ √ √ √ √ √ √ X √ √ √ √ √ √ X √
27 April 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
24 October 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
30 October 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
TOTAL 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4
ATTEND 4 4 4 4 4 4 4 4 3 4 4 4 4 4 4 3 4
ABSENT 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0
PERCENTAGE (%) 100% 100% 100% 100% 100% 100% 100% 100% 75% 100% 100% 100% 100% 100% 100% 75% 100%
All members of the Board of Commissioners attended more than 100% (One Hundred Percent) of the Meetings during 2023
All members of the Board of Directors attended more than 75% (Seventy Five Percent) of the Meetings during 2023
Note:
√ Physically present
√* Attend via Teleconference
X Absent
DKR - Dato' Khairussaleh Ramli | BDS - Budhi Dyah Sitawati | AI - Achjar Iljas | EG - Edwin Gerungan | HR - Hendar | DLHT - Datuk Lim Hong Tat |
PEBS - Putut Eko Bayuseno | DZA - Dato' Zulkiflee Abbas Abdul Hamid
TZ - Taswin Zakaria | TN - Thilagavathy Nadason | IF - Irvandi Ferizal | EH - Effendi Hengki | MR - Muhamadian Rostian | WP - Widya Permana |
SR - Steffano Ridwan | RA - Ricky Antariksa | BAI - Bambang Andri Irawan
Attendance of Board Members in the Joint Meeting of the Board of Commissioners and Board of Directors in 2023
Board of Commissioners Board of Directors
Date
DKR BDS AI EG HR DLHT PEBS DZA TZ TN IF EH MR WP SR RA BAI
25 January 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
24 February 2023 √ √ √ √ √ √ √ √ √ √ X √ √ √ √ √ √
23 June 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
4 July 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
3 November 2023 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
TOTAL 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5
ATTEND 5 5 5 5 5 5 5 5 5 5 4 5 5 5 5 5 5
ABSENT 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
PERCENTAGE (%) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 80% 100% 100% 100% 100% 100% 100%
All members of the Board of Commissioners attended more than 100% (One Hundred Percent) of the Meetings during 2023
All members of the Board of Directors attended more than 80% (Eighty Percent) of the Meetings during 2023
Note:
√ Physically present
√* Attend via Teleconference
X Absent
DKR - Dato' Khairussaleh Ramli | BDS - Budhi Dyah Sitawati | AI - Achjar Iljas | EG - Edwin Gerungan | HR - Hendar | DLHT - Datuk Lim Hong Tat |
PEBS - Putut Eko Bayuseno | DZA - Dato' Zulkiflee Abbas Abdul Hamid
TZ - Taswin Zakaria | TN - Thilagavathy Nadason | IF - Irvandi Ferizal | EH - Effendi Hengki | MR - Muhamadian Rostian | WP - Widya Permana |
SR - Steffano Ridwan | RA - Ricky Antariksa| BAI - Bambang Andri Irawan
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BOARD OF COMMISSIONER MEETING AGENDA IN 2023
Date Board of Commissioner Meeting Agenda
25 January 2023 1. Minutes of the Meeting of the BOC held on 29 November 2022.
2. Matters Arising
3. GB 2023 Initiatives : Corporate Banking, Transaction Banking & GM
4. CFS 2023 Initiatives
5. IT Update
6. Enterprise Risk Dashboard
7. Integrated Good Corporate Governance recomendation for BOC approval
7.1 Approval for IGCG Rating for OJK Report S2 2022
7.2 Approval for Integrated Risk Profile S2 2022
7.3 Approval for Integrated Capital Adequacy Ratio December 2022
7.4 Approval for Integrated Capital Management Framework
7.5 Approval for Integrated Capital Contingency Plan
8. Risk Oversight Committee recomendation for BOC approval
8.1 Review of ROC Charter
8.2 Risk Based Bank Rating (RBBR) Bank Maybank Indonesia & Consolidated as of December 2022
8.3 Credit Underwriting Standard Global Banking
9. Report by Chairman of the Audit Committee (“AC”)
10. Report by Chairman of the Risk Oversight Committee (“ROC”)
11. Report by Chairman of the Integrated Good Corporate Governance ("IGCG")
12. Report by Chairman of the Whistleblowing Governance Committee ("WBGC'')
24 February 2023 1. Minutes of the Meeting of the BOC held on 25 January 2023
2. Matters Arising
3. CFS 2023 Initiatives: Wealth Management & Retail i.e. Mortgage, Card, WOM & MIF
4. GB Initiative: Collaboration with MAM, MSI and AEII
5. Syariah 2023 Initiatives: GB & CFS
6. Community Distribution 2023 Initiatives, including Assessment of Businesses
7. LCCA Update
8. Annual Report & Sustainability Report
9. Utilisation of Net Profit and Divident Payout
10. Enterprise Risk Dashboard
11. Audit Committee recomendation for BOC approval
11.1 Appointment of Public Accountant and Public Accountant Firm
12. Risk Oversight Committee recomendation for BOC approval
12.1. Annual Review Capital Management Framework
12.2. ICAAP Policy
13. Report by Chairman of the Audit Committee (“AC”)
14. Report by Chairman of the Risk Oversight Committee (“ROC”)
15. Board Effectiveness Evaluation Report
16. Report by Chairman of the Nomination and Remuneration (“NRC”)
31 March 2023 1. Minutes of the Joint BOC and BOD Meeting and BOC Meeting held on 24 February 2023
2. Matters arising
3. CEO Report
4. Group Financial Performance
4.1 Consolidated Financial Performance
4.2 Global Banking Performance
4.3 CFS Performance
4.4 Sharia Banking Performance
5. MBI Equity Participation in Indonesia's Central Counterparty (CCP)
6. M25+ Update
7. Digital Strategy
8. Operations Update & Strategic Initiatives
9. Risk Oversight Committee (ROC) recomendation for BOC approval
9.1. Annual Review of Risk Appetite Statement FY2023
9.2. Annual Review of Industry Limit 2023
9.3. Company Regulation on IT Risk Management Framework (Peraturan Perusahaan tentang Kerangka Kerja
Manajemen Risiko Teknologi Informasi)
9.4. Outsourcing Company Regulation
9.5. Credit Classification and Impairment Policy
10. Information Technology Oversight Committee (ITOC) recomendation for BOC approval
10.1. Changes on IT Management Framework to Align with New OJK Regulation
11. Report by Chairman of the Audit Committee (“AC”)
12. Report by Chairman of the Risk Oversight Committee (“ROC”)
13. Reports by Chairman of Information Technology Oversight Committee (ITOC)
14. Reports by Chairman of the Nomination & Remuneration ("NRC")
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BOARD OF COMMISSIONER MEETING AGENDA IN 2023
Date Board of Commissioner Meeting Agenda
22 May 2023 1. Changes in 2023 AOA
2. Minutes of the Meeting of the BOC held on 31 March 2023 and Special BOC Meeting held on 27 April 2023
3. Matters Arising
4. CEO Report
5. Group Financial Performance
5.1. Consolidated Financial Performance
5.2. Global Banking Performance
5.3. CFS Performance
5.4. Sharia Banking Performance
6. IT Update
7. Sustainability Update
8. HC Update
9. Changes in 2023 Approved AOP Budget
10. Integrated Good Corporate Governance recomendation for BOC approval
10.1 Submission of Integrated Governance Implementation Report
10.2 Submission of Annual Review of Integrated Risk Appetite Statement (IRAS) FY2023
11. Risk Oversight Committee recomendation for BOC approval
11.1 Changes to the CUS and PDA Approval Process
11.2 Approval of SEOJK 29 Fulfillment (Cyber Security and Resilience for Commercial Banks)
11.3 Credit Decision Authority
12. Report by Chairman of the Integrated Good Corporate Governance Committee ("IGCG")
13. Report by Chairman of the Audit Committee ("AC")
14. Report by Chairman of the Risk Oversight Committee ("ROC")
15. Report by Chairman of the Whistleblowing Governance Committee ("WBGC'')
16. Report by Chairman of the Nomination and Remuneration Committee ("NRC")
28 July 2023 1. Minutes of the Join BOC and BOD Meeting BOC Meeting held on 23 June 2023 and 4 July 2023
2. Matters Arising
3. CEO Report
4. Group Financial Performance
4.1. Consolidated Financial Performance
4.2. Global Banking Performance
4.3. CFS Performance
4.4. Sharia Banking Performance
5. GB Initiatives Progress vs Plan: Corporate Banking, Transaction Banking, Global Markets
6. CFS Initiatives Progress vs Plan: Non-retail
7. Recommendation for Core Banking
8. Unauthorised Credit Card Limit
9. June 2023 Financial results & press release
10. Enterprise Risk Dashboard
11. Risk Oversight Committee ("ROC") recomendation for BOC approval
11.1. RBBR and GCG Self-Assessment June 2023
12. Audit Committee ("AC") recomendation for BOC approval
12.1. Approval of Annual Audit Plan Revision (AAP)
13. Integrated Good Corporate Governance ("IGCGC") recomendation for BOC approval
13.1 Submission of Integrated Governance Implementation Assessment Report as of 30 June 2023
13.2 Integrated Capital Adequacy Ratio as of 30 June 2023
13.3 Integrated Risk Profile as of 30 June 2023
14. Report by Chairman of the Audit Committee ("AC")
15. Report by Chairman of the Risk Oversight Committee ("ROC")
16. Report by Chairman of the Integrated Good Corporate Governance Committee ("IGCG")
17. Report by Chairman of the Information Technology Oversight Committee ("ITOC")
18. Report by Chairman of the Whistleblowing Governance Committee ("WBGC")
19. Report by Chairman of the Nomination & Remuneration Committee ("NRC")
28 August 2023 1. Minutes of the BOC Meeting held on 28 July 2023
2. Matters Arising
3. CEO Report
4. Group Financial Performance
4.1 Consolidated Financial Performance
4.2 Global Banking Performance
4.3 CFS Performance
4.4 Sharia Banking Performance
5. CFS Initiatives Progress vs Plan: Wealth Management & Retail
6. Community Distribution Initiatives Progress vs Plan
7. Sharia Initiatives Progress vs Plan: GB & CFS
8. Enterprise Risk Dashboard
9. Fulfillment of Free Float – MBI Shareholders
10. Risk Oversight Committee ("ROC")recomendation for BOC approval
10.1. Climate Risk Policy
11. Report by Chairman of the Risk Oversight Committee ("ROC")
12. Report by Chairman of the Audit Committee ("AC")
13. Report by Chairman of the Nomination and Remuneration Committee ("NRC")
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BOARD OF COMMISSIONER MEETING AGENDA IN 2023
Date Board of Commissioner Meeting Agenda
25 September 2023 1. Minutes of the Meeting of the BOC held on 28 August 2023
2. Matters Arising
3. CEO Report
4. Group Financial Performance
4.1 Consolidated Financial Performance
4.2 Global Banking Performance
4.3 CFS Performance
4.4 Sharia Banking Performance
5. Budget Challenge
6. M25 Update
7. Digital Banking Update
8. IT & Cybersecurity Strategy
9. Corporate Brand & Marketing Communication
10. Enterprise Risk Dashboard
11. Risk Oversight Committee recomendation for BOC approval
11.1. Approval of Company Regulations Regarding Personal Data
Protection
12. Report by Chairman of the Audit Committee ("AC")
13. Report by Chairman of the Risk Oversight Committee ("ROC")
14. Report by Chairman of the Nomination and Remuneration Committee ("NRC")
15. Independent Risk assessment update on MBI Core Banking Replacement Program
24 November 2023 1. Minutes of the Meeting of the Join BOD and BOC held on 3 November 2023 and Special BOC Meeting held on 24
October 2023
2. Matters Arising
3. CEO Report
4. Group Financial Performance
4.1 Consolidated Financial Performance
4.2 Global Banking Performance
4.3 CFS Performance
4.4 Sharia Banking Performance
5. Approval of Bank Business Plan (RBB) 2024
6. Sustainable Finance Action Plan (RAKB)
7. Sustainability Update
9. Information Technology (IT) Update
10. Capital Infusion in MBI India
11. Enterprise Risk Dashboard (ERD)
12. Risk Oversight Committee recomendation for BOC approval
12.1. Review of ROC Charter
12.2. Alternate of Chairman Risk Committee Authority Approval
12.3. Review of Risk Management Framework
12.4. Update on AMLCFTCPF Policy 2023
12.5. MBI Investment Management Framework
13. Audit Committee recomendation for BOC approval
13.1. Approval on AC charter
14. Whistleblowing Governance Committee recomendation for BOC approval
14.1. Approval on WBGC charter
15. Information Technology Oversight Committee recomendation for BOC approval
15.1. Approval on ITOC charter
16. Report by Chairman of the Audit Committee ("AC")
17. Report by Chairman of the Risk Oversight Committee ("ROC")
18. Report by Chairman of the Information Technology Oversight Committee ("ITOC")
19. Report by Chairman of the Nomination and Remuneration Committee ("NRC")
SPECIAL BOARD OF COMMISSIONER MEETING AGENDA IN 2023
Date Special Board of Commissioner Meeting Agenda
16 February 2023 1. Approval of MBI Consolidated Financial Statements 31 December 2022
2. Approval of Press Release
27 April 2023 1. Approval of MBI Consolidated Financial Statement 31 March 2023
2. Approval of Press Release
24 October 2023
30 October 2023 1. Approval of MBI Consolidated Financial Statement 30 September 2023
2. Approval of Press Release
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JOINT MEETING AGENDA OF BOARD OF COMMISSIONER AND BOARD OF DIRECTOR IN 2023
Date Joint Meeting Agenda of Board of Commissioner and Board of Director
25 January 2023 1. Minutes of the Meeting of the Joint BOC and BOD held on 29 November 2022
2. CEO Report for December 2022
3. MBI Group Financial Performance Report for December 2022
3.1 Consolidated Financial Performance
3.2 Global Banking Performance
3.3 CFS Performance
3.4 Sharia Banking Performance
24 February 2023 1. Minutes of the Meeting of the Joint BOC and BOD held on 25 January 2023
2. Minutes of the Special BOC Meeting held on 16 February 2023
3. CEO Report for January 2023
4. MBI Group Financial Performance Report for January 2023
4.1 Consolidated Financial Performance
4.2 Global Banking Performance
4.3 CFS Performance
4.4 Sharia Banking Performance
23 June 2023 1. MBI Revised Business Plan (RBB) 2023
4 July 2023 1. Minutes of the Meeting of the BOC held on 22 May 2023
2. Matters Arising
3. CEO Report
4. Group Financial Performance
4.1. Consolidated Financial Performance
4.2. Global Banking Performance
4.3. CFS Performance
4.4. Sharia Banking Performance
5. Strategy Progress Update on WOM & MIF
6. Operations Update & Call Center transformation
7. Branding Strategy
8. M25 UP update
9. Risk Oversight Committee recomendation for BOC approval
9.1. Revised POA - Individual & Non Individual
9.2. Utilisation of Regulator Legal Lending Limit (LLL) for Obligor Bank Mandiri
10. Report by Chairman of the Audit Committee ("AC")
11. Report by Chairman of the Risk Oversight Committee ("ROC")
12. Report by Chairman of the Nomination & Remuneration Committee ("NRC")
3 November 2023 1. Minutes of the Meeting of the BOC held on 25 September 2023
2. Matters Arising
2. CEO Report
3. Group Financial Performance
3.1 Consolidated Financial Performance
3.2 Global Banking Performance
3.3 CFS Performance
3.4 Sharia Banking Performance
4. Annual Operating Plan (AOP)
5. Long Term strategy for UUS Development
6. HC Update
7. LCCA Update
8. Operations & Call Center transformation update and Community Distribution (branch pilot)
9. Enterprise Risk Dashboard
11. Risk Oversight Committee recomendation for BOC approval
11.1. Review of Risk Management Framework & Risk Document
11.1. Annual review of Recovery Plan FY2024
12. Audit Committee recomendation for BOC approval
12.1. Approval on Annual Audit Plan (AAP) 2024
13. Information Technology Oversight Committee recomendation for BOC approval
13.1. Core Banking Project preparation update and seeking for final approval
14. Integrated Good Corporate Governance recomendation for BOC approval
14.1. Annual Review Policy of Integrated Risk Management Implementation (KPMRT)
14.1. Annual Review Term of Reference Integrated Risk Management Committee
15. Report by Chairman of the Audit Committee ("AC")
16. Report by Chairman of the Risk Oversight Committee ("ROC")
17. Report by Chairman of the Integrated Good of Corporate Governance Committee ("IGCG")
18. Report by Chairman of the Whistleblowing Governance Committee ("WBGC")
19. Report by Chairman of the Information Technology Oversight Committee ("ITOC")
20. Report by Chairman of the Nomination & Remuneration Committee ("NRC")
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BOARD OF DIRECTORS MEETING
1. Meetings of the Board of Directors shall be held periodically at least 1 (one) time in every month and/or may be held at any time
when deemed necessary by the President Director or by one or more other members of the Board of Directors or at the request
of one or more members of the Board of Commissioners or at the written request of 1 (one) or more shareholders who together
represent 1/10 (one-tenth) of the total number of shares with valid voting rights.
2. The Board of Directors shall hold a joint Board of Directors Meeting with the Board of Commissioners on a regular basis at least 1
(one) time in 4 (four) months.
3. The Board of Directors must schedule the Meeting of the Board of Directors and the meeting held jointly with the Board of
Commissioners for the following year before the end of the fiscal year.
4. The invitation to the Meeting of the Board of Directors shall be made by the President Director or one of the members of the Board
of Directors or by the Corporate Secretary or by the Head of the Corporate Secretary Work Unit.
5. The invitation of the Meeting of the Board of Directors held jointly with the Board of Commissioners must also be submitted to each
member of the Board of Commissioners with the same terms and conditions as referred to in this Article.
6. The Meeting of the Board of Directors shall be chaired by the President Director, in the event that the President Director is unable
to attend or is absent, which does not need to be proven to a third party, the Meeting of the Board of Directors shall be chaired by
one of the Directors elected by the members of the Board of Directors present and or represented at the Meeting of the Board of
Directors.
7. The Meeting of the Board of Directors shall be valid and entitled to make binding decisions if more than 1/2 (one-half) of the total
number of members of the Board of Directors who are currently serving are present or represented in the meeting.
8. Resolutions of the Meeting of the Board of Directors must be adopted based on deliberation for consensus. In the event that a
decision based on deliberation for consensus is not reached, it shall be made by voting based on the affirmative votes of more than
1/2 (one-half) of the total number of members of the Board of Directors currently in office.
9. Minutes of the Meeting of the Board of Directors shall be prepared by the Corporate Secretary or by the Head of the Corporate
Secretary Work Unit and shall then be submitted to all members of the Board of Directors.
10. The Board of Directors may also adopt legal and binding resolutions without holding a Meeting of the Board of Directors, provided
that all incumbent members of the Board of Directors give their approval by signing the proposed resolution (Circular Resolution). A
Circular Resolution shall have the same force as a resolution validly adopted in a Meeting of the Board of Directors.
11. Minutes of the Meeting of the Board of Directors shall state the physical presence of each member of the Board of Directors and
teleconference/telepresence presence. Attendance at teleconference/telepresence meetings is accompanied by recordings (audio/
visual) of the Meeting.
12. The minutes of the BOD Meeting must accurately record the decisions taken and the views of the relevant members of the BOD,
including any of dissenting opinion.
Attendance of Directors in Board Meetings During 2023
No Date TZ TN IF EH WP MR SR RA BAI
1 09 January 2023 √* √* X √* X X √* √* √*
2 18 January 2023 √* √* √* √* √* √* √* √* √*
3 30 January 2023 √* √* √* X √* √* X √* √*
4 07 February 2023 √* √* √* √* √* √* √* √* X
5 13 February 2023 √* √* √* √* X √* √* √* √*
6 21 February 2023 √* √* X √* √* √* √* X √*
7 28 February 2023 √* √* X √* √* √* √* X √*
8 06 March 2023 √* X √* √* √* √* √* √* √*
9 13 March 2023 √* X √* √* √* √* √* √* √*
10 27 March 2023 √* √* √* √* √* √* √* √* √*
11 03 April 2023 X √* √* X √* √* √* √* √*
12 11 April 2023 X √* √* √* √* √* √* √* √*
13 18 April 2023 √* √* √* X √* √* √* √* √*
14 02 May 2023 √* X √* √* √* √* X √* √*
15 08 May 2023 √* X √* X √* X √* X √*
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Attendance of Directors in Board Meetings During 2023
No Date TZ TN IF EH WP MR SR RA BAI
16 17 May 2023 √* √* √* √* √* √* X √* √*
17 23 May 2023 √* √* √* √* √* √* √* √* √*
18 29 May 2023 √* √* √* √* √* √* √* √* √*
19 05 June 2023 √* √* √* √* √* √* √* √* √*
20 12 June 2023 √* √* √* √* √* √* √* √* X
21 21 June 2023 √* √* √* √* √* √* √* √* √*
22 26 June 2023 √* √* √* √* √* √* √* √* √*
23 03 July 2023 √* √* √* √* √* X √* √* √*
24 12 July 2023 √* X √* √* √* √* √* √* √*
25 17 July 2023 √* √* √* √* X √* √* √* √*
26 24 July 2023 √* √* √* √* X √* √* √* √*
27 31 July 2023 X √* √* √* √* √* √* √* √*
28 07 August 2023 √* √* √* √* √* √* √* √* √*
29 15 August 2023 √* √* √* √* √* √* X √* √*
30 21 August 2023 √* √* √* √* √* √* √* √* √*
31 06 September 2023 √* √* X √* √* √* √* √* √*
32 11 September 2023 X √* √* X √* √* √* √* √*
33 19 September 2023 √* √* √* X X √* √* √* √*
34 26 September 2023 √* X √* √* √* √* X X √*
35 02 October 2023 √* X X √* √* √* √* √* √*
36 09 October 2023 √* √* X √* X √* √* √* √*
37 16 October 2023 √* √* X √* √* √* √* √* √*
38 23 October 2023 √* √* √* √* √* √* X √* √*
39 31 October 2023 √* √* √* √* √* √* √* √* √*
40 07 November 2023 X √* √* X √* √* √* √* √*
41 13 November 2023 √* √* √* √* √* √* √* √* √*
42 22 November 2023 √* √* √* √* √* √* √* √* √*
43 04 December 2023 √* X √* √* √* √* √* X √*
44 18 December 2023 √* √* √* X √* √* √* √* √*
TOTAL 44 44 44 44 44 44 44 44 44
ATTEND 39 36 37 36 38 41 38 39 42
ABSENT 5 8 7 8 6 3 6 5 2
Note:
√ Physically present
√* Attend via Teleconference
X Absent
TZ - Taswin Zakaria | TN - Thilagavathy Nadason | IF - Irvandi Ferizal | EH - Effendi Hengki | MR - Muhamadian Rostian | WP - Widya Permana |
SR - Steffano Ridwan | RA - Ricky Antariksa| BAI - Bambang Andri Irawan
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Review Governance Responsibility Statements
BOARD OF DIRECTORS MEETING AGENDA IN 2023
In 2023, the agenda of the Board of Directors meeting is as follows:
No Date Board of Director Meeting Agenda
1 9 January 2023 1. Minutes of the Meeting of the BOD held on 19 December 2022
2. Funding & Liquidity Update
3. Procurement of Furniture for Project New HO SS3
4. Approval Strategi UUS
5. CFS Productivity Review
2 18 January 2023 1. Minutes of the Meeting of the BOD held on 9 January 2023
2. Funding & Liquidity Update
3. Project New HO SS3 – Approval
4. Final Execution SSSA 2023
5. Update CPF underlying PSAB
6. Implementation Plan for Maybank Marathon Bali 2023
7. Reserved Matters
3 30 January 2023 1. Minutes of the Meeting of the BOD held on 18 January 2023
2. Funding & Liquidity Update
3. Update CPF underlying PSAB
4 7 February 2023 HCC Update
1. Minutes of the Meeting of the BOD held on 30 January 2023
2. Foreign Currency TD Pass-on to BI From Export Proceeds
3. Funding & Liquidity Update
5 13 February 2023 1. Minutes of the Meeting of the BOD held on 7 February 2023
2. Funding & Liquidity Update
3. Fulfillment of Free Float - MBI
4. Renewal Maintenance Broadcom CA Software
5. Maintenance HSM
6. Approval Loose Furniture, Zoom Point (Audio Video) and Work B Phase 2
7. Utilisation net profit
8. Report on DPS for the 2nd Semester of 2022
6 21 February 2023 1. Minutes of the Meeting of the BOD held on 13 February 2023
2. Funding & Liquidity Update
3. Legal Action
4. SLE – MRI Infobank
5. Implementation Plan & Budget for Economic Outlook Event 2023
6. MBI Sustainable Business Plan
7 28 February 2023 1. Minutes of the Meeting of the BOD held on 21 February 2023
1. Funding & Liquidity Update
2. Persetujuan Perubahan pada Per.Dir Persetujuan Pengeluaran Biaya
3. Result Customer Survey (NPS) - Nielsen
4. BRRM Nielsen 2022
5. Financial Performance Update
6. Region Performance Update
8 6 March 2023 1. Minutes of the Meeting of the BOD held on 28 February 2023
2. Funding & Liquidity Update
3. Addition of MPP CFS Business Premier and SME 2023
4. SCV reporting
9 13 March 2023 1. Minutes of the Meeting of the BOD held on 6 March 2023
2. Funding & Liquidity Update
3. Plan for the RUPS PT Maybank Indonesia Finance
4. Addition of MPP CFS Business Premier dan SME 2024
10 27 March 2023 1. Minutes of the Meeting of the BOD held on 27 March 2023
2. Cost Approval for Project IBM Developer
3. Cost Approval for DLP Forcepoint License
4. Cost Approval for Decision Engine Infrastructure
5. MBI Syariah Strategy
6. EY Management Letter
7. Funding & Liquidity Update
8. Credit Ops Transformation
9. Region Performance Update
10. Financial Performance Update
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No Date Board of Director Meeting Agenda
11 3 April 2023 1. Minutes of the Meeting of the BOD held on 27 March 2023
2. Funding & Liquidity Update
3. Access to Paid Dukcapil
4. IBM Hardware Maintenance
5. Per Dir Persetujuan Pengeluran Biaya
12 11 April 2023 1. Minutes of the Meeting of the BOD held on 3 April 2023
2. Funding & Liquidity Update
3. PCE Modernisation : Infrastructure
4. BCPI
13 18 April 2023 1. Minutes of the Meeting of the BOD held on 11 April 2023
2. Funding & Liquidity Update
3. Core Banking Modernisation
14 2 May 2023 1. Minutes of the Meeting of the BOD held on 18 April 2023
2. Funding & Liquidity Update
3. Cost Approval for Decision Engine Infrastructure
4. Email Data Loss Prevention (DLP)
5. Customer Update
15 8 May 2023 1. Minutes of the Meeting of the BOD held on 2 May 2023
2. Funding & Liquidity Update
3. Monthly Sustainability Update
4. DRP Plan Update
16 17 May 2023 1. Minutes of the Meeting of the BOD held on 8 May 2023
2. Funding & Liquidity Update
3. Changes on approved AOP 2023 due to budget warrant
4. Tax Dispute Update
5. Microsoft License Agreement Approval
17 23 May 2023 1. Minutes of the Meeting of the BOD held on 17 May 2023
2. April Performance Review by LOB
3. Funding & Liquidity Update
4. Business Case approval for Saving Product streamline (Liquidity Activation project)
5. ACCD Between LCS Indonesia – India
6. Regional Security Operation Center (RSOC) & Dynamic Application Security Test (DAST)
7. Microsoft License Agreement Approval
18 29 May 2023 1. Minutes of the Meeting of the BOD held on 23 May 2023
2. Funding & Liquidity Update
3. Customer Update
19 5 June 2023 1. Minutes of the Meeting of the BOD held on 29 May 2023
2. Approval for Firewall Tier-3 (Server Farm) Refreshment and CyberArk Enhancement
3. Funding & Liquidity Update
4. Update Development Spin-Off Regulation
5. Operation & Strategic Initiative
20 12 June 2023 1. Minutes of the Meeting of the BOD held on 5 Jun 2023
2. Approval of Cyber Ark Enhancement
3. Approval of Bank Business Plan Revision
4. Funding & Liquidity Update
5. Privilege Segment Unique Value Proposition (UVP) Progress Update
21 21 June 2023 1. Minutes of the Meeting of the BOD held on 12 Jun 2023
2. New Proposal Allianz Utama
3. Funding & Liquidity Update
4. Marketing Effectiveness
22 26 June 2022 1. Minutes of the Meeting of the BOD held on 21 June 2023
2. Cost Approval for Streamline Product
3. Sustainability Update
4. Funding & Liquidity Update
23 3 July 2023 1. Minutes of the Meeting of the BOD held on 26 June 2023
2. Approval of Endpoint DLP (Forcepoint)
3. Approval for Go Live Upgrade zOS dan Cobol (Mainframe Corebanking)
4. Funding & Liquidity Update
5. Financial performance
6. Regional performance
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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No Date Board of Director Meeting Agenda
24 12 July 2023 1. Minutes of the Meeting of the BOD held on 3 July 2023
2. Approval for Moody’s Analytics Upgrade
3. Approval for MBI Strategy
4. Approval for Core Banking Modernisation
5. Budget Approval for Liquidity Activation Program
6. Funding & Liquidity Update
7. The process of increasing the temporary credit card limit through the Contact Center.
25 17 July 2023 1. Minutes of the Meeting of the BOD held on 12 July 2023
2. Approval for Digital Resources Augmentation
3. Funding & Liquidity Update
4. Update Development Spin-Off Regulation
5. New requirement KSEI for RDN
26 24 July 2023 1. Minutes of the Meeting of the BOD held on 17 July 2023
2. Approval for Final Design Lantai Executive – 26 – 28 SS3 dan update on the renovation project for HO SS3
3. Approval for Rapacity ESB Server
4. Funding & Liquidity Update
5. BOC Offsite Meeting in Medan
6. The process of increasing the temporary credit card limit through the Contact Center.
27 31 July 2023 1. Minutes of the Meeting of the BOD held on 24 July 2023
2. SP 7: Budget Approval for IWM, Digital Sales Tool dan Digital SME
3. Funding & Liquidity Update
4. Discussion of Written Letter from KSEI
5. Sustainability Revised Plan on LED and AC Inverter 2024
28 7 August 2023 1. Minutes of the Meeting of the BOD held on 31 July 2023
2. Approval for Project RSOC & Bulk Purchased
3. Funding & Liquidity Update
4. SE and memo cleansing Update
5. Discussion regarding KSEI's Letter
29 15 August 2023 1. Minutes of the Meeting of the BOD held on 7 August 2023
2. Approval of The Implementation of National Customer Day 2023
3. Approval of IWM Project update – SP7
4. Approval of Endpoint replacement phase-3
5. Funding & Liquidity Update
6. FCC Update on Group Compliance Review
30 21 August 2023 1. Minutes of the Meeting of the BOD held on 15 August 2023
2. Compliance Culture Survey (CCS) FY2023
3. Approval Project Enterprise Data Science Platform
4. Approval of consultant selection to do Risk Assessment for Core Banking Project
5. Funding & Liquidity Update
6. MBI Country & SP7 Update
31 6 September 2023 1. Minutes of the Meeting of the BOD held on 21 August 2023
2. Approval of Greyamp contract extension period of 2023 – 2024
3. Approval of Manchester United Cobrand Card Above BAU Budget
4. Assessment to adopt MAE in Indonesia progress update
5. Funding & Liquidity Update
6. BOC offsite meeting Progress Update
32 11 September 2023 1. Minutes of the Meeting of the BOD held on 6 September 2023
2. Approval of Project DB Analytics Storage
3. Approval of Additional Working Space for IT Directorate
4. Funding & Liquidity Update
5. Update Business Allignment & CEO Roadshow
33 19 September 2023 1. Minutes of the Meeting of the BOD held on 11 September 2023
2. Discussion on BI Letter to Company
3. Approval for IT Project Purchase of Exceed Turbo X Premium Licenses
4. Approval for Mumbai Branch SWIFT Centralisation
5. RAKB 2024 – 2028 Plan and Taskforce Update
6. Funding and Liquidity Update
6.01 Position Limit & PV01 for FVOCI AFS IDR Bond Portofolio
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Highlights Report Profile and Analysis
No Date Board of Director Meeting Agenda
34 26 September 2023 1. Minutes of the Meeting of the BOD held on 19 September 2023
2. Approval of Product Working Group Digital Lending SME
3. Approval Credit Card Authorisation
4. Approval of Extension of Greyamp contract
5. Funding and liquidity update
6. Maybank Marathon 2023 Post Mortem Report
7. Customer Survey 2023 (“NPS 2023”)
35 2 October 2023 1. Minutes of the Meeting of the BOD held on 26 September 2023
2. M25 Governance MBI
3. BANKTRADE Enhancement due to SWIFT Changes November 2023
4. Funding and Liquidity update
5. Ratification for Silverlake Additional Mandays Payment (Virtual CC)
6. Update on SP9 Project (Net Zero and Finance Emission)
36 9 October 2023 1. Minutes of the Meeting of the BOD held on 2 October 2023
2. Funding and Liquidity update
37 16 October 2023 1. Minutes of the Meeting of the BOD held on 9 October 2023
2. Approval on Marketing Communication Proposal
3. Funding and Liquidity update
4. Carbon Market Update
38 23 October 2023 1. Minutes of the Meeting of the BOD held on 16 October 2023
2. Long Term Strategy for UUS Business Development
3. SP7 Resourcing
4. Pre-PSC Project Core Banking Replacement
5. Funding and Liquidity Update
6. Business Alignment Update
39 31 October 2023 1. Minutes of the Meeting of the BOD held on 23 October 2023
2. Board offsite meeting in Jogjakarta on 24 November 2023
3. Procurement of Executive Floor Audio Video (floors 26, 27 and 28).
4. PMO Short Listed result Update
5. Progress update on BOC Matters Arising regarding Branch & Customer Experience Transformation
6. Funding and Liquidity Update
7. Financial Performance Update
40 7 November 2023 Update on KC Kota
1. Minutes of meeting on 31 October 2023
2. Cost Approval MVP3 BaaS – Account Opening & Binding API
3. Revamp Product – Multi currency
4. Funding and Liquidity Update
5. Plan for sunset of M2U Web classics
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
No Date Board of Director Meeting Agenda
41 13 November 2023 Update regarding KC Kerobokan
Update progress of BOC offsite meeting
1. Minutes of the Meeting of the BOD held on 7 November 2023
2. Capital Infusion in MBI India
3. Approval Rencana Bisnis Bank (RBB) 2024
4. Firewall Tier-1 (Perimeter) Refreshment
5. Core banking Hardware Refreshment
6. Funding and Liquidity Update
42 22 November 2023 Update on KC Kota (only attended by BOD member)
1. Minutes of the Meeting of the BOD held on 13 November 2023
2. Pre-alignment agenda and content of Strategy Session
3. Appointment of Annual Report and Sustainability Report vendor
4. Update on RAKB, BOC matters arising and CSR activity in Jogjakarta
5. Update on IT Digital and PMO Core Banking
6. Funding and Liquidity Update
43 4 December 2023 1. Minutes of the Meeting of the BOD held on 22 November 2023
2. Ratification on BOD approval email re. RMC, KKP, KK and KRK Charter.
3. Sales and Service Summit Award 2024
4. Approval of Renewal contract of Cyber-3 Data center Building
5. Approval of Voice Recording Collection Replacement
6. CCS Result Update
7. Funding and Liquidity Update
8. Strategic workforce Planning
44 18 December 2023 1. Minutes of the Meeting of the BOD held on 4 December 2023
2. Approval of approintment Interior renovation cost
3. Renewal of General Insurance FY2024
4. Sitecore Upgrade
5. MAE Update
6. Funding and Liquidity Update
7. Branch Network Optimisation
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Affiliation between Board of Commissioners,
Board of Directors and Majority/Controlling
Shareholders
Maybank Indonesia’s Board of Commissioners and Board of Directors have no affiliation, either family or financial, with fellow members
of the Board of Commissioners, Board of Directors and Controlling Shareholders, but there are Non-Independent Commissioners
as much as 50% (fifty percent) of the members of the Bank’s Board of Commissioners who have affiliation in the form of financial
relationships with the Bank’s Controlling Shareholders. Maybank Indonesia’s Board of Commissioners and Board of Directors have
integrity and independence and have no conflict of interest that may interfere with their ability to carry out their duties professionally
and objectively.
Affiliation Criteria with reference to OJK Regulation No.42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest
Transactions, as follows:
1. Family relationship due to marriage and descent to the second degree, both horizontally and vertically;
2. Relationship between the party and the employee, director, or commissioner of the party;
3. Relationship between 2 (two) companies in which there are 1 (one) or more members of the same board of directors or board of
commissioners;
4. Relationship between the company and the party, either directly or indirectly, controlling or controlled by the company;
5. Relationship between 2 (two) companies that are controlled, either directly or indirectly, by the same party; or
6. Relationship between the company and the major shareholder.
BOARD OF COMMISSIONERS
Family Relationship with Financial Relationship with
Name BoC BoD PSP BoC BoD PSP
Yes No Yes No Yes No Yes No Yes No Yes No
Dato’ Khairussaleh Ramli - √ - √ - √ - √ - √ √ -
Budhi Dyah Sitawati - √ - √ - √ - √ - √ - √
Achjar Iljas - √ - √ - √ - √ - √ - √
Dr. Hendar, SE, MA - √ - √ - √ - √ - √ - √
Putut Eko Bayuseno - √ - √ - √ - √ - √ - √
Edwin Gerungan - √ - √ - √ - √ - √ √ -
Datuk Lim Hong Tat - √ - √ - √ - √ - √ √ -
Dato’ Zulkiflee Abbas Abdul Hamid - √ - √ - √ - √ - √ √ -
BOARD OF DIRECTORS
Family Relationship with Financial Relationship with
Name BoC BoD PSP BoC BoD PSP
Yes No Yes No Yes No Yes No Yes No Yes No
Taswin Zakaria - √ - √ - √ - √ - √ - √
Thilagavathy Nadason - √ - √ - √ - √ - √ - √
Irvandi Ferizal - √ - √ - √ - √ - √ - √
Effendi - √ - √ - √ - √ - √ - √
Widya Permana - √ - √ - √ - √ - √ - √
Muhamadian - √ - √ - √ - √ - √ - √
Steffano Ridwan - √ - √ - √ - √ - √ - √
Ricky Antariksa - √ - √ - √ - √ - √ - √
Bambang Andri Irawan - √ - √ - √ - √ - √ - √
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Board of Commissioners and Directors
Diversity Policy
To support the effectiveness of the supervisory duties of the b. 1 (one) member with expertise/work experience in the
Board of Commissioners and the management of the Bank, field of law;
Maybank Indonesia implements a policy of diversity in the c. 1 (one) member with expertise/work experience in the
composition of members of the Board of Commissioners and banking industry, and
Board of Directors. This is important considering the diversity of d. 1 (one) member with expertise/work experience in risk
expertise, experience, and educational background is one of the management.
advantages in improving the Bank’s performance so that it can be 2. Citizenship
at the forefront and provide satisfaction for stakeholders. The majority (more than 50% (fifty percent)) of members of
the Board of Commissioners are Indonesian citizens.
The diversity of the composition of the Board of Commissioners 3. Gender
and Directors of Maybank Indonesia is regulated in the Appendix Considering the gender diversity of the members of the
of Circular Letter of the Financial Services Authority Number Board of Commissioners.
32/SEOJK.04/2015 concerning Guidelines for Public Company 4. Age
Governance. The appointment of the Board of Commissioners Members of the Board of Commissioners have a diversity of
and the Board of Directors is made by considering the experience age levels.
and understanding of the banking industry, integrity, and 5. Independence
dedication of each individual in accordance with the needs, 50% (fifty percent) of the members of the Board of
vision, mission, and strategy of the Bank. Commissioners are Independent Commissioners.
The composition of the Board of Commissioners and Board of The term of office of an Independent Commissioner is as
Directors is a combination of characteristics in accordance with stipulated in the articles of association of Maybank Indonesia
the needs of Maybank Indonesia, including in terms of the organs and may be reappointed with due observance of applicable
of the Board of Commissioners and Board of Directors. These regulations. Maybank Indonesia have a term limit of nine (9)
characteristics are reflected in the determination of expertise, years for Independent Commissioners and Non- Independent
knowledge, and experience required in carrying out the functions Commissioners. The provisions regarding the term limit of nine
and duties of the Board of Commissioners and Board of Directors (9) years implemented in 2022.
and supporting the achievement of the Bank’s vision and mission
to continue to grow and develop. Considering the Company’s DIVERSITY OF BOARD OF DIRECTORS
needs for the composition of the Board of Commissioners and COMPOSITION
Directors of Maybank Indonesia is a positive thing, especially The diversity factor of the composition of the Board of Directors,
regarding providing recommendations and decision-making. among others, consists of:
1. Expertise/Experience, having at least:
Diversity policy in the composition of the Bank’s Board of a. 1 (one) member with expertise/work experience in the
Commissioners and Directors, among others: field of economics/business/finance and/or
1. Having objectivity, integrity, expertise, knowledge, b. 1 (one) member with expertise/work experience in the
experience, mindset, and relevant abilities. banking industry, and
2. Special attention to the composition and balance of the c. 1 (one) member with expertise/work experience in risk
Board of Commissioners and the Board of Directors. management.
3. The composition and number of the Board of Commissioners 2. Citizenship
and the Board of Directors must align with applicable The majority (more than 50% (fifty percent)) of the members
regulatory regulations. of the Board of Directors are Indonesian citizens.
4. Management of dual positions that must align with 3. Gender
applicable regulatory regulations. Considering the gender diversity of the members of the
5. Other diversity in accordance with the Bank’s strategy. Board of Directors.
4. Age
DIVERSITY OF THE COMPOSITION OF Members of the Board of Commissioners have a diversity of
THE BOARD OF COMMISSIONERS age levels.
The diversity factor of the composition of the Board of 5. Independence
Commissioners, among others, consists of the following: a. The President Director is independent of the Bank’s
1. Expertise/Experience, having at least: controlling shareholder.
a. 1 (one) member with expertise/work experience in the b. Members of the Board of Directors meet the criteria of
field of economics/business/finance and/or independence in accordance with the prevailing rules
and regulations.
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
ACHIEVEMENT OF DIVERSITY POLICY OF BOARD OF COMMISSIONERS AND
DIRECTORS COMPOSITION
By the end of 2023, the composition of the Bank’s Board of Commissioners and Board of Directors has fulfilled the diversity aspects
mentioned above. It aligns with the Bank’s strategy, vision, and mission. In 2023, the diversity of the composition of the Board of
Commissioners and the Board of Directors was reflected in education, nationality, age, and gender, which can be seen in the table below:
Citizenship of Board of
Education Level Education Level Commissioner and Board of
Board of Commissioners Board of Directors Directors
5 6 13
2 2
4
1 1
S1 S2 S3 S1 S2 S3 Indonesia Malaysia
Independent Composition of the Board of Commissioners
4 4
2023
Affiliated Independent
Gender of the Board of Commissioners Gender of the Board of Directors
1 7 1 8
2023 2023
Female Male Female Male
Age of the Board of Commissioners Age of Directors
4 4 2 7
2023 2023
65-75 years 50-64 years 65-75 years 50-64 years
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
BoD Skill BoC Skill
Corporate Governance 9 Corporate Governance 7
Strategy planning & business strategy 9 Strategy planning & business strategy 7
International business/relations 3 International business/relations 4
Commercial Banking 7 Commercial Banking 7
Investment Banking 4 Investment Banking 1
Securities and derivatives 5 Securities and derivatives 2
Islamic Banking 3 Islamic Banking 3
International banking 4 International banking 4
Marketing 6 Accounting and finance 5
Insurance and Takaful 1 Corporate finance 3
Accounting and finance 6 Treasury 2
Corporate finance 5 Taxation 2
Treasury 5 Asset management 1
Taxation 1 Audit 4
Asset management 4 Risk management 6
Audit 4 Legal and compliance 4
Risk management 9 Information and communication technology 1
Legal and compliance 7 Human resources management 7
Information and communication technology 5 Change management 5
Human resources management 3 Entrepreneurship 2
Change management 9 Sustainability & climate change 2
Entrepreneurship 4 Monetary 3
Disruptive technology /digital 6 Philosophy 1
Cybersecurity 3
Sustainability & climate change 5
Monetary 3
Psychology 1
Digital, Technology, and Innovation 2
BoD Experience BoC Experience
International posting 4 International posting 6
Government/agency/regulatory bodies 3 Government/agency/regulatory bodies 5
Professional services/bodies 2 Professional services/bodies 3
Private enterprise 5 Private enterprise 6
BoD Industry BoC Industry
Banking 9 Banking 7
Capital markets 3 Capital markets 5
Insurance 3 Public sector 3
Property 2 Telco/IT 1
Public sector 2 FMCG 1
Telco/IT 3 Hospitality & Tourism 1
Pharma 2 Manufacturing 1
FMCG 4 Oil & Gas 1
Hospitality & Tourism 2
Power & Utilities 1
Manufacturing 3
Transportation 2
Oil & Gas 1
Construction 1
Plantation 2
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Committees of the Board of Commissioners
AUDIT COMMITTEE Audit Committee Charter
The Board of Commissioners established the Audit Committee to In carrying out its duties and responsibilities, the Bank's Audit
carry out supervisory functions in the areas of implementation Committee refers to the Audit Committee Charter that regulates,
and reporting of financial records, adequacy of risk management among others, the duties and responsibilities, membership, work
and internal control effectively and independently. In addition, procedures and meetings in terms of the implementation of the
the Audit Committee also supervises compliance with applicable Audit Committee activities. The Audit Committee Charter was
laws and regulations. last updated on 7 December 2023 and has been uploaded to the
Bank's website (www. maybank.co.id). Furthermore, the Audit
Legal Basis Committee charter is reviewed periodically to comply with the
- POJK No. 33/POJK.04/2014 concerning the Board of prevailing regulations.
Directors and Board of Commissioners of Issuers or Public
Companies Structure and Membership
- POJK No. 55/POJK.04/2015 concerning the Establishment The membership, composition and independence of the
and Guidelines for the Implementation of the Audit Audit Committee members have met the requirements of the
Committee Work competent authorities. The Audit Committee consists of 1 (one)
- POJK No. 1/POJK.03/2019 concerning the Implementation of Independent Commissioner as Chairman, 2 (two) Independent
the Internal Audit Function for Commercial Banks Commissioners as members and 2 (two) Independent Parties
- POJK No. 09 of 2023 concerning the Use of Public with competence and qualifications in accounting and banking
Accountant Services and Public Accounting Firms in Financial finance.
Services Activities
- POJK No. 17 of 2023 concerning the Implementation of Based on the latest Decree of the Board of Directors of PT Bank
Governance for Commercial Banks Maybank Indonesia Tbk. No. SK.2023.002/PRESDIR dated 12
- SEOJK No. 18/SEOJK.03/2023 concerning Procedures for the April 2023, the composition of the Audit Committee Members is
Use of Public Accountant Services and Public Accounting as follows:
Firms in Financial Services Activities
- The Bank’s Articles of Association regarding the duties and
authorities of the Board of Commissioners
No Member Position on the Committee Position at Maybank Period
1 Hendar Chairperson and Member Independent Commissioner 2021 - 2024
2 Achjar Iljas Member Independent Commissioner 2021 - 2024
3 Putut Eko Bayuseno Member Independent Commissioner 2021 - 2024
4 Yetti Septirawati Member Independent Party 2022 - 2024
5 Budi Rahayu Executive Secretary concurrently Member Independent Party 2021 - 2024
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Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Qualification and Profile of Audit Committee Members
Member Career Background Education
Serves as Chairman of the Audit Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Hendar
Serves as a Member of the Audit Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Achjar Iljas
Serves as a Member of the Audit Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Putut Eko Bayuseno
Serves as a Member of the Audit Committee. She obtained his Accountant degree from
Indonesian citizen. She served as an independent audit committee member of the Faculty of Economics, Padjadjaran
PT Bank Maybank Indonesia, Tbk since 19 October 2022. University and Master in Business
Currently, she also serves as a commissioner in a Fintech company in Jakarta. Management from Asian Institute of
Her career began as a staff in the Mechanisation Desk (information Management - Manila. She also holds the
technology) of Bank Indonesia (BI). After undergoing a study assignment to Chartered Accountant (CA) certification.
take a master degree, she was placed in the bank supervision work unit at BI
headquarters until she reached the level of Senior Bank Examiner. She was
then transferred to the Information Management work unit until she reached
Yetti Septirawati the Executive Analyst level before returning to the banking supervision field
and was promoted to Director in the Bank Licensing work unit. In 2014, she
was assigned to the Financial Services Authority (OJK) and promoted to Head
of Department (Executive Director level at BI) in OJK’s Banking Supervision
Quality Control Department (DPKP). 1 January 2017 was the official date of his
move from BI to OJK with retirement status. Subsequently, she was transferred
to become Head of the Risk Management and Quality Control Department
(DRPK) in OJK’s Internal Audit, Risk Management and Quality Control, which
became her last work unit before she retired from OJK at the end of 2021.
Serves as a Member of the Audit Committee. She obtained his Diploma in accounting
Indonesian citizen. She served as an independent audit committee member of III in 1988 and Diploma IV in 1994 from
PT Bank Maybank Indonesia, Tbk on 1 May 2020. the State College of Accountancy (STAN)
She started her career at the Financial and Development Supervisory Agency and obtained her State Accountant
(BPKP) from 1988 to 1993. She was an audit partner at the Public Accounting Register in 1994. She is also a graduate
Firm (KAP) Kanaka Puradiredja, Suhartono from 2000 to 2013 and currently of the University of Indonesia Master of
she is one of the Audit Partners at KAP Heliantono & Rekan (on leave status). Social & Political Faculty majoring in Tax
She has served as Director of Finance and acted as Project Service Director Administration in 2003. She obtained
at the APEC CEO Summit from 2013 to 2014. From 2014 to 2023, she was his Indonesian Public Accountant (CPA)
Budi Rahayu appointed as a member of the Audit Committee in several entities. From 2016- Certification in 2009 and Chartered
2019 she was a board member of the Indonesian Audit Committee Association Accountant (CA) Indonesia in 2012. Finally
(IKAI) and from 2019-2022 she was a member of the CACP certification board in 2016 she received the Audit Committee
Practitioner (CACP) certification.
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Criteria or Indicators Analysis Supporting Documents
Completeness and Implementation of Committee Duties
Governance Structure
a) Members of the audit committee shall The Chairman of the Audit Committee, Mr. Hendar, is an Independent Decree of the Board of Directors
at least consist of an Independent Commissioner with expertise in banking, economics and finance, of PT Bank Maybank Indonesia
Commissioner, an Independent with 2 members from the Independent Commissioners, namely 1) Mr. Tbk No. SK.2023.002/PRESDIR
Party with expertise in finance or Achjar Iljas who has expertise in banking, economics and finance and dated 12 April 2023.
accounting, and an Independent Party 2) Mr. Putut Eko Bayuseno who has expertise in law and 2 members
with expertise in law or banking. from independent parties, namely 1) Ms. Yetti Septirawati is an
expert in accounting and banking 2) Ms. Budi Rahayu is an expert in
accounting and auditing.
b) The audit committee is chaired by an The Chairman of the Audit Committee Mr. Hendar is an Independent Decree of the Board of Directors
Independent Commissioner Commissioner of PT Bank Maybank Indonesia
Tbk No. SK.2023.002/PRESDIR
dated 12 April 2023.
c) At least 51% (fifty-one percent) of 100% OF THE MEMBERS OF THE AUDIT COMMITTEE ARE Decree of the Board of Directors
the audit committee members are INDEPENDENT COMMISSIONERS AND INDEPENDENT PARTIES of PT Bank Maybank Indonesia
Independent Commissioners and Tbk No. SK.2023.002/PRESDIR
Independent Parties. dated 12 April 2023.
d) Audit committee members have All members of the Audit Committee have no record of disgraceful Statement Letter as of 31
integrity, morals, and good morals. integrity, are not involved in civil and criminal law cases, and have December 2023 signed by each
good morality member
Term of Office Duties and Responsibilities
The composition of the Audit Committee as mentioned As stipulated in the Audit Committee Charter, the duties and
above is valid until the closing of the Annual General Meeting responsibilities of the Audit Committee are as follows:
of Shareholders in 2024, unless any member of the Audit
Committee resigns, or no longer works for the Company, or if the Internal Control and Risk Management
Board of Commissioners decides to change the composition of The Audit Committee is responsible for:
the Audit Committee (whichever occurs first). In the event that a. Evaluate whether the Management implements an adequate
there is a replacement of Audit Committee members, it must be internal control system and runs effectively, based on reports
approved by the Board of Commissioners. such as from internal auditors and external auditors including
OJK.
Independence of the Audit Committee b. Evaluate whether the auditors’ recommendations have been
All members of the Audit Committee have met all independence followed up by the Management.
criteria and are able to carry out their duties independently, c. The Audit Committee may coordinate with the Risk
uphold the interests of the Bank and cannot be influenced by any Monitoring Committee if deemed necessary.
party. This can be seen from the membership which consists of
1 (one) Chairman who is an Independent Commissioner, 2 (two) Financial Information
Members who are also Independent Commissioners and 2 (two) The Audit Committee is tasked with improving the quality of
Members who are Independent Parties. financial information disclosure, by:
a. Reviewing financial information including financial
projections published to the public and/or authorities.
b. Ensuring that the financial statements have been prepared in
accordance with accounting standards and other applicable
regulations.
c. Reviewing and reporting to the Board of Commissioners on
complaints relating to the Bank’s accounting and financial
reporting processes.
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Internal Auditor c. Ensure that significant findings are immediately submitted
The Audit Committee is responsible for: to the Audit Committee for discussion, to be submitted and
a. Evaluate the Internal Audit Charter to be approved by the brought to the attention of the Board of Commissioners.
Board of Commissioners. d. Ensure that Management conducts follow-up on the Public
b. Evaluate the annual work plan of the Internal Audit Unit Accountant’s findings.
(SKAI) and provide inputs if necessary. e. Provide an independent opinion in the event of a difference
c. Ensure that there are no restrictions on SKAI. of opinion between Management and the Public Accountant
d. Ensure that significant Internal Audit findings are on the services provided.
immediately submitted to the Audit Committee and discuss
them for the attention of the Board of Commissioners. Other Tasks
e. Recommend to the Board of Commissioners that SKAI The above-mentioned duties and responsibilities do not limit
conduct special audits when there are allegations of fraud or the Audit Committee to act otherwise insofar as it does not
deviations from laws and regulations. conflict with OJK Regulations and the prevalence of domestic and
f. Reviewing the report on the Implementation and Main Points international practices. The Audit Committee is also responsible
of Internal Audit Results that will be submitted to OJK. for other relevant tasks assigned by the Board of Commissioners
g. Evaluating the effectiveness of the SKAI function, by including but not limited to the appointment and/or removal
ensuring that Management follows up on recommendations of the Public Accountant/External Auditor’s office based on
submitted by SKAI. independence, the scope of the assignment and fair value of
h. Evaluate and provide recommendations to the Board of service fee.
Commissioners on the appointment, performance appraisal,
replacement and dismissal of the Head of SKAI. Compliance with Laws and Regulations
The Audit Committee is tasked with ensuring compliance with
Public Accountant/External Auditor laws and regulations, particularly in the Capital Market and
The Audit Committee is responsible for: banking sectors.
a. Reviewing the independence, performance of the Public
Accountant, fees (service fees) and other criteria in order to Audit Committee Meetings and Attendance
provide recommendations to the Board of Commissioners for During 2023, the Audit Committee held 19 meetings with the
the determination of the Public Accountant to be appointed agenda of discussion related to internal control, historical
by the GMS. financial information and discussion of the implementation
b. Reviewing the adequacy of the Public Accountant’s audit to of the audit of Financial Statements with external audit. Each
ensure that important risks have been considered, including meeting was attended by more than half of the Audit Committee
reviewing the terms of the engagement. members or always met the applicable quorum.
Audit Committee Meeting Agenda
The main agenda of the Audit Committee Meeting throughout 2023 is as follows:
No. Date Main Agenda of Audit Committee Meeting
1. 11 January 2023 Discussion of audit progress on the Consolidated Financial Statements for the 2022 financial year with EY
2. 20 January 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
3. 15 February 2023 Discussion on the Consolidated Financial Statements (audited) for the 2022 financial year
4. 20 February 2023 Discussion on evaluation of KAP in 2022 and audit proposal on the Consolidated Financial Statements for the 2023
financial year
5. 22 February 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
6. 28 March 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
7. 27 April 2023 DISCUSSION ON INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) AS OF 31 MARCH 2023
8. 15 May 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
9. 20 June 2023 Implementation of Internal Audit Assignment and Discussion of Audit Finding
10. 06 July 2023 Discussion on the progress of review assignment on the Consolidated Financial Statements as of 30 June 2023 with
EY
11. 25 July 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
12. 27 July 2023 Discussion on Interim Consolidated Financial Statements (unaudited) as of 30 June 2023
13. 22 August 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
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Highlights Report Profile and Analysis
No. Date Main Agenda of Audit Committee Meeting
14. 18 September 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
15. 20 October 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
16. 25 October 2023 Discussion on Interim Consolidated Financial Statements (unaudited) as of 30 September 2023
17. 21 November 2023 Implementation of Internal Audit Assignment and Discussion of Audit Findings
18. 30 November 2023 Kick off meeting of EY audit of Consolidated Financial Statements for the 2023 financial year
19. 21 December 2023 Discussion of audit progress on the Consolidated Financial Statements for the 2023 financial year with EY
Attendance at Audit Committee
Name Position Percentage of Attendance (%)
Meetings
Hendar Chairman of the Audit Committee 18 95%
Achjar Iljas Audit Committee Member 19 100%
Putut Eko Bayuseno Audit Committee Member 18 95%
Yetti Septirawati Audit Committee Member 18 95%
Budi Rahayu Audit Committee Member 19 100%
Implementation of Audit Committee Activities during In terms of reviewing the adequacy of the financial reporting
2023 process, the Audit Committee also provides recommendations
For the fiscal year 2023, the Audit Committee has carried out its that the financial statements have been prepared based on
functions to assist the Board of Commissioners by referring to generally accepted accounting standards and existing regulations
the Audit Committee Charter, among others: and ensures the implementation of audits by the Public
• Reviewing financial information that will be released by the Accounting Firm (KAP) in accordance with applicable auditing
Bank to the public and/or authorities, in the form of draft standards in Indonesia.
financial projections contained in the Bank’s Business Plan
(including revisions) that will be submitted to OJK, as well as The implementation of the Audit Committee’s duties is carried
draft quarterly and annual financial statements publications, out through written communication (reporting) and by holding
as well as the full financial statements (long-form report). regular meetings, both with SKAI, Internal Audit Committee
• Provide recommendations to the Board of Commissioners to (IAC), Compliance work unit, Finance and Accounting Division
be decided by the Annual GMS regarding the appointment (FAD) work unit, related business work units and with KAP.
of a Public Accountant (AP) based on, among others:
independence, scope of assignment, and service fees. Regarding the review of risk management implementation
Recommendations are also based on the results of the activities carried out by the Board of Directors, the Bank has
evaluation of the Implementation of Providing Audit Services a Risk Monitoring Committee established by the Board of
for Annual Historical Financial Information for the previous Commissioners.
year period. The evaluation report has also been submitted
to OJK. Work Program and Activities of the Audit Committee
• Monitoring and evaluating the planning and implementation During 2023, the Audit Committee carried out activities in
of audits as well as monitoring the follow-up of audit accordance with its duties and responsibilities. This can be seen
results, both audits by the Internal Audit Work Unit (SKAI) through the work program and its realisation (in general) well.
and external auditors and regulators, in order to assess the
adequacy of internal control.
• Reviewing compliance with laws and regulations related to
the Bank’s activities.
• Assisted the Board of Commissioners in preparing the
Business Plan Supervision Report every semester and has
been submitted to OJK.
• Assisted the Board of Commissioners in preparing the annual
Bank Payment System Supervision Report (starting in 2022)
and has been submitted to BI.
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Review Governance Responsibility Statements
Training of Audit Committee Members during 2023
Name of Training/Seminar/ Date
Name Position Workshop/Knowledge Organiser Location
Sharing Start End
Hendar Chairman and Member of the Audit Committee
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Achjar Iljas Audit Committee Member
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Putut Eko Audit Committee Member
Bayuseno
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Yetti Audit IIA Indonesia National 30 August 2023 31 August 2023 IIA Indonesia Batam
Septirawati Committee Conference "Staying Relevant"
Member
IIA Indonesia National 19 October 2023 19 October 2023 IKAI Jakarta
Conference 2023: Guarding the
Company's Sustainability and
Growth through Risk Monitoring
and Control
Challenging & Benefits in 22 Desember 2023 22 Desember 2023 IAI Jakarta
adopting IFRS S1 & S2
Budi Rahayu Audit Latest PSAK Update in the 31 January 2023 31 January 2023 IAPI Online
Committee Preparation of Financial
Member Statements
PSAK Syariah Series (PSAK 101, 30 March 2023 31 March 2023 IAPI Online
PSAK 102, PSAK 105, PSAK 106,
and PSAK 110)
IIA Indonesia National 30 August 2023 31 August 2023 IIA Indonesia Batam
Conference "Staying Relevant"
Code of Ethics for Public 21 September 2023 22 September 2023 IAPI Online
Accountants (KEPAP) Series
IKAI 2023 National Conference: 19 October 2023 19 October 2023 IKAI Jakarta
Guarding the Company's
Sustainability and Growth
through Risk Monitoring and
Control
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Highlights Report Profile and Analysis
NOMINATION AND 7. Financial Services Authority Regulation No. 27/POJK.03/2016
REMUNERATION COMMITTEE concerning Capability and Appropriateness Assessment for
The Nomination and Remuneration Committee is established Main Parties of Financial Services Institutions.
to review and provide recommendations to the Board of 8. Circular Letter of the Financial Services Authority No. 39/
Commissioners in carrying out its oversight function on the SEOJK.03/2016 concerning Capability and Appropriateness
implementation of nomination and remuneration policies for Assessment for candidates for Controlling Shareholders,
the Board of Commissioners, the Board of Directors, Shariah Candidates for members of the Board of Directors, and
Supervisory Board, Independent members of the Board of Candidates for Members of the Board of Commissioners of
Commissioners Committees, and Executive Vice President. Banks.
9. Financial Services Authority Regulation Number 59/
Legal Basis POJK.03/2017 concerning the Implementation of Governance
The Nomination and Remuneration Committee is established in Providing Remuneration for Shariah Commercial Banks
based on the following provisions:: and Shariah Business Units.
1. Financial Services Authority Regulation No. 17 Year 2023 10. Articles of Association of the Bank.
on the Implementation of Corporate Governance for
Commercial Banks. Nomination and Remuneration Committee Charter
2. Financial Services Authority Circular Letter No. 13/ The Nomination and Remuneration Committee has a Nomination
SEOJK.03/2017 Concerning the Implementation of and Remuneration Committee charter that regulates the duties
Governance for Commercial Banks. and responsibilities, membership and structure, meetings
3. Bank Indonesia Regulation No. 11/33/PBI/2009 on the and activities, authority, term of office, and procedures of the
Implementation of Good Corporate Governance for Shariah Nomination and Remuneration Committee. The Bank’s disclose
Commercial Banks and Shariah Business Unit. the Charter of the Nomination and Remuneration Committee on
4. Financial Services Authority Regulation No. 34/ the Bank’s website, and is reviewed periodically to comply with
POJK.04/2014 on the Nomination and Remuneration applicable regulations.
Committee of Issuers or Public Companies.
5. Financial Services Authority Regulation Number 45/ Composition of Nomination and Remuneration
POJK.03/2015 concerning the Implementation of Governance Committee Members
in Providing Remuneration for Commercial Banks. The membership, composition, and independence of the
6. Circular Letter of the Financial Services Authority No. 40/ Nomination and Remuneration Committee members have
SEOJK.03/2016 on the Implementation of Governance in met the applicable regulations. Members of the Nomination
Providing Remuneration for Commercial Banks. and Remuneration Committee are appointed by the Board of
Commissioners based on the Decree of the Company’s Board of
Directors No. SK.2023.001/DIRHC dated 13 April 2023.
Composition of Nomination and Remuneration Committee Members in 2023:
No Name Position in the Company Position in the Committee TERM OF OFFICE
1 Budhi Dyah Sitawati Independent Commissioner Chairperson and Member 2021-2024
2 Hendar Independent Commissioner Member 2021-2024
3 Edwin Gerungan Commissioner Member 2021-2024
4 Dato’ Khairussaleh Ramli President Commissioner Member 2021-2024
5 Nelda Victoria Siburian Executive Officer Member and concurrent Executive 2021-2024
Secretary
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Qualification and Profile of Nomination and Remuneration Committee Members
Membership Profile Career Background Education
She serves as Chairman and member of the Nomination and Remuneration Listed in the Board of Commissioners
Committee. Details of her experience and qualifications can be found in the Profile.
Board of Commissioners Profile in the Company Profile chapter.
Budhi Dyah Sitawati
He serves as a member of the Nomination and Remuneration Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Hendar
He serves as a member of the Nomination and Remuneration Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Edwin Gerungan
He serves as a member of the Nomination and Remuneration Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Dato’ Khairussaleh
Ramli
She serves as Member and Executive Secretary of the Nomination and Listed in the Executive Officer Profile.
Remuneration Committee. Full profiles are listed in the Executive Officer
Profiles.
Nelda Victoria Siburian
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Highlights Report Profile and Analysis
Training of Nomination and Remuneration Committee Members during 2023
Name of Training/Seminar/ Date
Name Position Workshop/Sharing Organiser Location
Knowledge Start End
Budhi Dyah Chairperson and Member of Nomination and Remuneration Committee
Sitawati
Details of her training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in
this Corporate Governance chapter.
Hendar Member of Nomination and Remuneration Committee
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Edwin Member of Nomination and Remuneration Committee
Gerungan
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Dato’ Member of Nomination and Remuneration Committee
Khairussaleh
Ramli Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Nelda Victoria Member of Sustainability Series 7 March 2023 8 March 2023 Internal Bank Onsite
Siburian Nomination
BORC Training 31 May 2023 31 May 2023 Internal Bank Online
and
Remuneration Exploring Agility 10 June 2023 10 June 2023 Internal Bank Online
Committee
Sustainability Week 30 July 2023 30 July 2023 Internal Bank Onsite
Women in Leadership 1 August 2023 1 August 2023 Internal Bank Onsite
The Guru Series - Cyber Threats 14 September 2023 14 September 2023 Internal Bank Onsite
Women Leadership Conference 9 October 2023 11 October 2023 Eksternal Bank Onsite
OKR Workshop 1 November 2023 1 November 2023 Internal Bank Onsite
Strategic Workshop Planning 2 November 2023 3 November 2023 Internal Bank Onsite
M25+ Grand Showcase 16 November 2023 16 November 2023 Internal Bank Onsite
Term of Office Duties and Responsibilities
The composition of the Nomination and Remuneration he Nomination and Remuneration Committee has duties and
Committee valid until the closing of the Annual General Meeting responsibilities to provide recommendations to the Board of
of Shareholders in 2024, unless any member of the Nomination Commissioners as follows:
and Remuneration Committee resigns, or no longer works for
the Company, or if the Board of Commissioners decides to A. Nomination Area
change the composition of the Nomination and Remuneration 1. Provide recommendations to the Board of
Committee (whichever occurs first). Commissioners regarding the composition of the
positions of members of the Board of Directors and/
Independence of Nomination and Remuneration or members of the Board of Commissioners (number,
Committee Members competence, ability, and balance of independent and
All members of the Nomination and Remuneration Committee non-independent status).
have met all independence criteria and are able to carry out 2. Determine the procedures, policies, and criteria required
their duties independently, uphold the interests of the Bank and in the nomination process for the appointment and/
cannot be influenced by any party. or replacement of the Board of Commissioners, Board
of Directors, Shariah Supervisory Board, independent
members of the Board of Commissioners Committees,
and Executive Vice President.
3. Provide recommendations regarding candidates to
become members of the Board of Commissioners,
Board of Directors, and Shariah Supervisory Board,
based on the competence, ability, and experience
of each individual to be nominated to the Board of
Commissioners, and then submitted to the General
Meeting of Shareholders.
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Functional Good Corporate Corporate Social Consolidated Financial
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4. Provide recommendations to the Board of Task Implementation Report 2023
Commissioners regarding candidates to become During 2023, the Nomination and Remuneration Committee has
independent members of the Board of Commissioners carried out activities and provided several recommendations
Committees based on the competence, ability, and including the following:
experience of the nominated individuals. 1. Provide recommendations in the candidate nomination
5. Review and approve suitable candidates to serve as process for the appointment and/or replacement of
Executive Vice President based on the endorsement of members of the Board of Directors, members of the Board
the Board of Directors. of Commissioners, and the Shariah Supervisory Board to be
6. Assist and/or recommend to the Board of Commissioners submitted to the Board of Commissioners, which will then be
regarding the promotion, confirmation and termination submitted to the General Meeting of Shareholders.
of service of members of the Board of Directors. 2. Provide recommendations to the Board of Commissioners
7. Assist and/or provide recommendations to the Board of for the appointment and/or replacement of members of the
Commissioners regarding the terms and conditions of Board of Commissioners Committees.
appointment or dismissal of members of the Board of 3. Review and approve suitable Executive Vice President
Commissioners. candidates based on support from the Board of Directors.
8. Evaluate and provide recommendations to the Board
of Commissioners on potential candidates for the 4. Provide recommendations to the Board of Commissioners
nomination of the Board of Commissioners and President regarding the remuneration of the Board of Directors and
Director of the Bank’s subsidiaries. Board of Commissioners to be submitted to the General
9. Undertake the process of identifying the quality of Board Meeting of Shareholders.
of Directors and/or Board of Commissioners members 5. Provide recommendations to the Board of Commissioners
aligned with the Bank’s strategic directions. regarding the remuneration of the Shariah Supervisory Board
and independent members of the Board of Commissioners
B. Remuneration Area Committees to be submitted to the Board of Commissioners.
1. Provide recommendations to the Board of 6. Provide recommendations to the Board of Commissioners
Commissioners regarding procedures for reviewing the in connection with the implementation of remuneration
structure, policies and remuneration plans as well as policies for employees in general, taking into account the
terms and conditions for the Board of Commissioners principles of governance in providing remuneration for
and Board of Directors to be submitted to the General Commercial Banks and Shariah Business Units, including and
Meeting of Shareholders. not limited to Material Risk Taker officials.
2. Evaluate and provide recommendations to the Board 7. Assess and evaluate the overall performance, development,
of Commissioners regarding remuneration policies and effectiveness of the members of the Board of Directors.
and/or plans and terms and conditions of service for 8. Provide recommendations and ensure that members of the
independent members of the Board of Commissioners Board of Directors and Board of Commissioners receive
and Shariah Supervisory Board Committees. appropriate and continuous development in order to be
3. Provide recommendations to the Board of aware of the latest developments in the industry.
Commissioners in connection with remuneration policies 9. Review the talent management process, including
for employees in general, including and not limited to the establishing succession and development planning for
determination of Material Risk Taker officials every year. members of the Board of Directors.
4. Ensure remuneration decisions are based on risk and 10. Approved the Board of Commissioners and Board of
performance considerations, alignment with financial Commissioners-level Committee performance assessment
performance as well as fulfillment of reserves as framework, namely the Board Effectiveness Evaluation
applicable provisions and potential future income of (“BEE”).
the Bank, performance assessment results, equality 11. Conduct a review of Material Risk Taker positions and other
with other similar banks, as well as long-term goals and positions with the potential to be categorised as Material
strategies of the Bank. Risk Takers.
5. Propose and recommend to the Board of Commissioners 12. Reviewed the Bank’s employee retention strategy plan.
the appointment of members of the Board of Directors.
The Bank also have measurable standards to align
the performance-based remuneration of the Board of
Directors with long-term interests of the Bank, such as
claw back provision and deferred bonuses.
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Highlights Report Profile and Analysis
Meetings and Attendance of Nomination and Remuneration Committee
The Nomination and Remuneration Committee hold meetings at least 2 (two) times a year. In accordance with the provisions stipulated
in the Charter, the Nomination and Remuneration Committee is required to hold meetings at least 1 (one) time every 4 (four) months
which can be held in the form of physical or online meetings. Meetings must also be attended by at least 51% of the total members,
including 1 (one) Independent Commissioner and Executive Officer, and attended by the Chairman of the Committee.
During 2023, the Nomination and Remuneration Committee met 8 (eight) times with the attendance rate in accordance with the
Nomination and Remuneration Committee Charter.
The Bank does not have a separate Nomination and Remuneration Committee, therefore the Nomination and Remuneration Committee
meetings discuss the nomination and remuneration agenda in one committee forum. Of the 8 (eight) Nomination and Remuneration
Committee meetings held in 2023, there were at least 8 (eight) meetings that discussed the Nomination and/or Remuneration agenda.
Percentage of
No. Name Position on the Committee Meeting Attendance
Attendance (%)
1. Budhi Dyah Sitawati Chairperson and Member 8 100%
2. Dato’ Khairussaleh Ramli Member 8 100%
3. Hendar Member 8 100%
4. Edwin Gerungan Member 8 100%
5. Nelda Victoria Siburian Member and Executive Secretary 8 100%
Board of Directors Succession Planning RISK OVERSIGHT COMMITTEE
The Nomination and Remuneration Committee reviews and The Board of Commissioners established the Risk Oversight
provides recommendations to the Board of Commissioners Committee to support the effective implementation of duties
on the nomination and succession planning of the Bank’s and responsibilities related to risk management oversight,
Directors to ensure the growth and sustainability of the Bank. the establishment of a risk management culture and the
The Committee will review the Bank’s Board of Directors from identification of significant risks that require the attention of the
various aspects such as resources, nomination succession plans, Board of Commissioners (BOC).
development activities as well as the performance of the Board
of Directors on a regular basis. Succession planning for the Board Legal Basis
of Directors is also conducted in accordance with the provisions The Risk Oversight Committee is established based on the
set out in the Nomination and Remuneration Committee Charter following provisions:
as follows: • Financial Services Authority Regulation (POJK) No. 17 of
1. Review the talent management process, including 2023 concerning the Implementation of Governance for
establishing succession and development planning for Commercial Banks.
members of the Board of Directors. • Circular Letter of the Financial Services Authority (SEOJK)
2. Monitor and provide input to the Board of Directors No. 13/SEOJK.03/2017 on the Implementation of Governance
with respect to the leadership development framework, for Commercial Banks.
succession planning and development for Directors to ensure • The Bank’s Articles of Association regarding the duties and
continuity of succession planning. authorities of the Board of Commissioners.
3. Provide recommendations and ensure that the members of
the Board of Directors receive appropriate and continuous Risk Oversight Committee Charter
development and are aware of the latest developments in the The Bank’s Risk Oversight Committee has a Charter or
industry. Guidelines that contains objective, membership (composition,
qualifications, independence and membership period), duties and
responsibilities, authorities, working and meeting procedures,
reporting and its evaluation. The Risk Oversight Committee
Charter was last updated on 24 November 2023 referring to
POJK No. 17 year 2023 on The Implementation of Governance for
Commercial Banks and has been uploaded on the Bank’s website.
Furthermore, the charter of the Risk Oversight Committee
will always be reviewed periodically in order to comply with
applicable regulations.
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Composition of Risk Oversight Committee Members
The membership and composition, as well as the independence of the members of the Risk Oversight Committee have complied with
OJK regulations. The Bank’s Risk Oversight Committee in 2023 consists of 1 (one) Chairman/concurrent member who is an Independent
Commissioner, 3 (three) members who are Independent Commissioners, 3 (three) members who are Commissioners, and 2 (two)
Independent Parties with competence and qualifications in the fields of economics, banking, finance and risk management.
The membership, composition, and independence of the Risk Oversight Committee members have met the applicable regulations.
Members of the Risk Oversight Committee are appointed by the Board of Commissioners and the latest composition determined based
on the Decree of the Company’s Board of Directors No. SK.2023.001/DIRHC dated 13 April 2023.
No. Name Position in Bank Position in Committee Term of Office
1. Achjar Iljas Independent Commissioner Chairman /Member 2021-2024
2. Budhi Dyah Sitawati Independent Commissioner Member 2021-2024
3. Hendar Independent Commissioner Member 2021-2024
4. Putut Eko Bayuseno Independent Commissioner Member 2021-2024
5. Edwin Gerungan Commissioner Member 2021-2024
6. Datuk Lim Hong Tat Commissioner Member 2021-2024
7. Dato’ Zulkiflee Abbas Abdul Hamid Commissioner Member 2021-2024
8. Farid Harianto Independent Party Member 2021-2024
9. Agus Kretarto Independent Party Member and Executive Secretary 2021-2024
Qualification and Profile of Risk Oversight Committee Members
The following are the profiles and qualifications of the Risk Oversight Committee Members
Membership Profile Career Background Education
Served as the Bank’s Risk Oversight Chairman. Listed in the Board of Commissioners
Profile.
Achjar Iljas
Details of his experience and qualifications can be found in the Board of Listed in the Board of Commissioners
Commissioners Profile in the Company Profile chapter. Profile.
Budhi Dyah Sitawati
She serves as a member of the Risk Oversight Committee. Details of her Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Hendar
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Membership Profile Career Background Education
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Putut Eko Bayuseno
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Edwin Gerungan
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Datuk Lim Hong Tat
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Dato’ Zulkiflee Abbas
Abdul Hamid
He serves as a member of the Risk Oversight Committee. • Ph.D with distinction (1989) and Master
(1988) from University of Pennsylvania/
Dr. Farid Harianto is an economist with expertise in finance. He has served Wharton School.
as special staff to the Vice President of the Republic of Indonesia as well as • Bachelor in Electrical Engineering from
advisor to the Governor of Bank Indonesia and Head of the BI Resolution Team Bandung Institute of Technology (1975)
for Bank Indover. Currently he also serves as President Commissioner of PT
Pertamina Bina Media (Holding Co for BUMN Hospitals, since June 2020),
Commissioner of PT Unggul Indah Cahaya Tbk (since 2004), Indika Energy Tbk
(since 2020) and PT Nusantara Infrastruktur Tbk (since 2020).
Farid Harianto
Over the past twenty-five years, his professional career has spanned the
academic as well as public and private sectors. He served as CEO of Credit
Rating Indonesia (1995-1998) and was later appointed as Deputy Chairman
of the National Banking Restructuring Agency (IBRA: 1998- 2000). During
his tenure at IBRA, he spearheaded the consolidation (closure, merger
and recapitalisation) of the banking sector, as well as the negotiation and
settlement process with controlling shareholders of banks. He was Director
of the Graduate Program at the Institute of Management Education and
Development (1990-1993), and Head of Microeconomic Research PAU
University of Indonesia (1990-1993). He was a visiting lecturer and Chair of
ASEAN and International Studies at the Center of International Studies (CIS),
University of Toronto (1993-1995), and has served as an advisor to various
Indonesian private companies and international organisations including FIAS/
World Bank, Asian Development Bank, CIDA and IDRC. His column appears
monthly in Globe Asia, and his writings have been published in leading
scholarly journals.
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Membership Profile Career Background Education
He served as Member/Secretary of the Risk Monitoring Committee. • Magister Manajemen, Universitas
A Chartered Accountant. Indonesia, 1991
• Akuntan, Sekolah Tinggi Akuntansi
He has served as a Member of the Integrated Risk Monitoring & Governance Negara, 1987
Committee of Bank Maybank Indonesia since 2018. Previously he held the
following positions: Member of Audit Committee of PT Jasa Angkasa Semesta
Tbk and PT Cardiq Aero Services Tbk (2012 - August 2021); Member of Audit &
Risk Oversight Committee of Maybank Indonesia (2012-April 2018); Member
of Audit Committee of PT Indonesia Infrastruktur Finance (2012- March 2018);
Agus Kretarto Member of Audit & Risk Oversight Committee of Bank Barclays Indonesia
(2009 - June 2011); Member of Risk Oversight Committee of BII (2008-2012);
Board Member of DKI Jakarta PAM Regulatory Agency (2005-2011); Member
of Audit Committee of BII (2003-2008); Compliance Director of Bank Harmoni
Internasional (2002-2003); GM Corporate Secretary of PT Mustika Ratu Tbk
(2001), Head of Planning & Development Division and Corporate Secretary
(1995-2000) and Head of SKAI of PT Bank Rama Tbk. (1993-1994); Auditor of
BPKP at State-Owned Banks (1987-1992); and Auditor of several State-Owned
Enterprises, State Projects & World Bank Projects (1982-1984).
Term of Office Duties Implementation Report 2023
The composition of the Risk Oversight Committee as mentioned 1. Periodically review and assess:
above is valid until the closing of the Annual General Meeting of a. Developments in the global economy, domestic, banking,
Shareholders in 2024, unless any member of the Risk Oversight regulatory changes and the business environment in
Committee resigns, or no longer works for the Company, or if the general and evaluate their impact on bank/company risk
Board of Commissioners decides to change the composition of management.
the Risk Oversight Committee (whichever occurs first). b. Monthly Enterprise Risk Dashboard (ERD).
c. Quarterly Risk Profile.
Independence of Risk Oversight Committee Members d. Risk Based Soundness Level (RBBR) semesterly for the
The composition of the Risk Oversight Committee members approval of the Board of Commissioners.
from Independent Commissioners and Independent Parties e. Market risk and liquidity risk.
exceeds the minimum requirement of more than 50% of the total f. Business update covering portfolio development in
members of the Risk Oversight Committee. All independent credit/financing & deposits compared to targets, as well
members of the Risk Oversight Committee have met all as significant mutations, NIM and profitability.
independence criteria and are able to carry out their duties g. Credit risk covering NPL, LAR & Watchlist, 25 largest
independently, and uphold the interests of the Bank. and high risk debtors/obligors. progress of the
remedial process including write-offs and adequacy of
Main Duties provisioning.
1. Review material risk management policies developed by h. Maximum Lending Limit (LLL) and Internal Counterparty
management for recommendation and approval by the BOC; Limit.
and ensure that risk management policies are at least in i. Operational risk dash-board covering risk incidents
accordance with the guidelines for all types of risks set by the including actual losses, potential losses, and near misses,
regulator. KRI and trend of incident frequency,
2. Evaluate the conformity of risk management policies with the j. Information technology (IT) & cyber risk.
implementation of bank policies. k. Evaluate the stress test conducted by management.
3. Review any non-compliance with prudential rules and with l. Evaluate compliance risks, including functions of Anti-
the policy and control framework established by relevant Money Laundering (AML) & Countering Financing of
units. Terrorism (CFT).
4. Monitor and evaluate the implementation of the duties of m. Monitor the status of compliance with established Risk
the Risk Management Committee and the Risk Management Appetite Statements (RAS). recovery plan indicators.
Work Unit. o. Monitor the follow-up of significant findings of external
5. Providing advice to the BOC on relevant information arising supervisors such as OJK & PPATK related to risk
from its risk monitoring and responsibilities. management.
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2. Evaluation of risk management policies conducted during 2023 by the Risk Oversight Committee covering:
a. Review of GB Credit Underwriting Standard.
b. Review of ICAAP Policy.
c. Review of Capital Management Framework.
d. Risk Appetite Statements 2023
e. Industry Limit 2023.
f. Information Technology Risk Management Framework.
g. Company Regulation on Outsourcing.
h. Review of Credit/Financing Classification and Impairment Policy.
i. Escalation of Loan Approval.
j. Changes of CUS & PDA Process.
k. Revision on Cyber Security Risk Management.
l. Adjustment of Credit Approval Authority.
m. Revision of Customer's Proxy Letter.
n. Implementation of Bank Mandiri LLL.
o. Revision of a group LLL and its risk mitigation.
p. Climate Risk Policy.
q. Customer Data Protection.
r. Revision of Risk Management Framework & Risk Document.
s. Recovery Plan for 2024.
t. Revision of Risk Oversight Committee Charter.
u. Appointment of Alt. Chairman of Risk Management Committee and Credit/Financing Policy Committee.
v. Revision of Risk Management Framework.
w. AML/CFT/CPF Policy.
x. Security Investment Management Framework.
Committee Meetings and Attendance Rate
The Risk Oversight Committee Charter provides that regular meetings of the Risk Oversight Committee will be held prior to regular
meetings of the Board of Commissioners. Any ad hoc meeting may be held upon special request. Notice of the time, place, agenda and
materials of the meeting shall be given to each member not less than 48 hours prior to the time of the meeting.
Regarding quorum, the Risk Oversight Committee meetings are attended by at least 51% of the Committee Members, including at least
one Independent Commissioner and Independent Party. Based on the meeting, the Risk Oversight Committee will provide a report to
the BOC. This report may consist of any subject as a recommendation for approval and/or ratification and/or provide information to the
BOC.
During 2023, the Risk Oversight Committee held 12 meetings, with the attendance of members as follows:
Name Position Attendance at Risk Oversight Committee Meetings
Achjar Iljas Chairman and Member 12 times (100%)
Budhi Dyah Sitawati Member 12 times (100%)
Hendar Member 11 times (91.6%)
Putut Eko Bayuseno Member 12 times (80%)
Edwin Gerungan Member 12 times (90%)
Datuk Lim Hong Tat Member 12 times (100%)
Dato’ Zulkiflee Abbas Abdul Hamid Member 12 times (60%)
Farid Harianto Member 11 times (91.6%)
Agus Kretarto Member/Secretary 12 times (100%)
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INTEGRATED GOOD CORPORATE Integrated Good Corporate Governance Committee
GOVERNANCE COMMITTEE Guidelines
Together with the FSIs that are members of the Maybank Maybank Indonesia as the Main Entity has Guidelines that refer
Indonesia Financial Conglomeration (“KKMBI”), Maybank to conservative regulations as a guide for FSIs in KKMBI to
Indonesia implements integrated Corporate Governance implement Governance, so as to encourage quality improvement
comprehensively and effectively based on OJK Regulation No. 18/ in the implementation of IGCG. By implementing IGCG, it will
POJK.03/2014 on the Implementation of Integrated Governance encourage the Financial Conglomerate to have more prudent
for Financial Conglomerates. Maybank Indonesia as the Main Governance in accordance with the principles of transparency,
Entity together with KKMBI Member FSIs continuously improve accountability, responsibility, independency or professionalism,
the Governance structure and process so as to produce good and fairness. The IGCG Guidelines are reviewed periodically to
Integrated Governance. be in accordance with the applicable provisions and conditions.
The IGCG KKMBI Guidelines have been updated several times
The Board of Commissioners of Maybank Indonesia as the Main since its issuance and can be accessed on the Bank’s website.
Entity established the Integrated Good Corporate Governance The Board of Directors of Maybank Indonesia as the Main Entity
Committee (IGCG), with the aim of assisting and facilitating the has submitted these Integrated Good Corporate Governance
Board of Commissioners in carrying out its duties and functions Committee (along with any amendments) to the Board of
of supervising the implementation of Governance at each Directors of the KKMBI Member FSIs to be used as a guideline for
Financial Services Institution (FSI) in KKMBI in accordance with the Member FSIs in preparing the governance guidelines at each
the Integrated Governance Guidelines. The IGCG Committee KKMBI Member FSI.
also functions to provide direction or advice to the Board of
Directors of Maybank Indonesia on the implementation of the Corporate Charter
Integrated Governance Guidelines, and evaluate the Integrated In accordance with POJK No. 45/POJK.03/2020 on Financial
Governance Guidelines and direct them for improvement. Conglomeration ("POJK 45/2020"), the Main Entity is required to
prepare and have a Corporate Charter. Maybank Indonesia as the
Legal Basis for the Establishment of the Integrated Good Main Entity in Maybank Indonesia Financial Conglomeration has
Corporate Governance Committee issued the Corporate Charter in December 2020. This Corporate
1. OJK Regulation No. 18/POJK.03/2014 on the Implementation Charter contains:
of Integrated Governance for Financial Conglomerates. a. objectives, basis of preparation, and scope;
2. OJK Circular Letter No. 15/SEOJK.03/2015 dated 25 May b. structure of the Financial Conglomeration; and
2015 on the Implementation of Integrated Governance for c. duties and responsibilities of the board of directors of the
Financial Conglomerates; Main Entity and the Board of Directors of the Financial
3. OJK Regulation No. 17 Year 2023 on the Implementation of Services Institutions that are members of the Financial
Governance for Commercial Banks; Conglomeration.
4. OJK Regulation No. 45 /POJK.03/2020 concerning Financial
Conglomeration; The scope of duties and responsibilities for the management of
5. Articles of Association of Maybank Indonesia and its the Financial Conglomeration between the Main Entity and the
amendments; member FSIs of the Financial Conglomeration shall be adjusted
6. KKMBI Integrated Good Corporate Governance Guidelines; to the characteristics and complexity of the business of the
7. Corporate Charter; Financial Conglomeration. The Corporate Charter as referred
8. Integrated Good Corporate Governance Committee Charter to shall be signed by the Board of Directors of the Main Entity
9. Decree of the Board of Directors No. 2022.010/PRESDIR and the Board of Directors of the member FSIs of the Financial
dated 31 October 2022 stipulating the membership of the Conglomeration.
Integrated Governance Committee.
Composition of Integrated Good Corporate Governance
Integrated Good Corporate Governance Committee Committee Members
Charter In order to carry out its duties in relation to IGCG in KKMBI,
Maybank Indonesia has an IGCG Committee Charter the Bank’s Board of Commissioners has established IGCG
which serves as a guideline in carrying out the duties and Committee. In accordance with POJK No. 18/2014, the IGCG
responsibilities of the IGCG Committee. The IGCG Committee Committee membership consists of at least:
Charter regulates the membership, structure, authority, duties 1. an Independent Commissioner who is the Chairman of one of
and responsibilities, meetings, activities and work procedures the committees in the Main Entity, as chairman and member;
for the IGCG Committee in carrying out its functions. The 2. an Independent Commissioner representing and appointed
IGCG Committee Charter was issued based on the approval from a FSI within the Financial Conglomerate, as a member;
of Maybank Indonesia Board of Commissioners and stipulated 3. an independent party, as a member; and
by the Board of Directors on 7 December 2017 and has been 4. a member of the Sharia Supervisory Board of the FSI in the
uploaded on the Bank’s website. Financial Conglomerate, as a member.
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5. Membership of the Independent Commissioner, independent party and member of the Sharia Supervisory Board on the Integrated
Good Corporate Governance Committee in the Financial Conglomerate shall not be counted as concurrent positions.
6. The number and composition of Independent Commissioners who become members of the IGCG Committee are adjusted to the
needs of the Financial Conglomerate as well as the efficiency and effectiveness of the IGCG Committee’s duties by taking into
account at least the representation of each financial services sector.
Members of the IGCG Committee of Maybank Indonesia Financial Conglomerate were most recently appointed based on the Decree
of the Board of Commissioners and determined by the Bank’s Board of Directors through the Decree of the Board of Directors
No.SK.2022.010/PRESDIR dated October 31, 2022, with the following composition:
Position in the Financial
Name Position in Committee LJK
Institution
Budhi Dyah Sitawati Chairperson and Member MBI Independent Commissioner
Agus Kretarto Member MBI Independent Party
Abdul Jabar Majid Member MBI Sharia Supervisory Board
I Nyoman Tjager Member MSID Independent Commissioner
Deswandhy Agusman Member MIF Independent Commissioner
Myrnie Zachraini Tamin Member WOM Independent Commissioner
Freddy Hendradjaja Member MAM Independent Commissioner
Didit Mehta Pariadi Member EII Independent Commissioner
Qualification and Profile of Integrated Good Corporate Governance Committee Members
Name Work Experience Background
Chairperson and Member Independent Commissioner of
PT Bank Maybank Indonesia, Tbk
Appointed as Chairperson of the Integrated Good Corporate Governance Committee based on the resolution of the
Board of Commissioners meeting dated 27 October 2017.
Full profile is presented in the Board of Commissioners Profile section in this Annual Report.
Budhi Dyah Sitawati
Independent Party PT Bank Maybank Indonesia, Tbk
Appointed as a member of the Integrated Good Corporate Governance Committee since 6 April 2018.
Full profile is presented in the Independent Party Profile section in this Annual Report.
Agus Kretarto
Sharia Supervisory Board of PT Bank Maybank Indonesia, Tbk
Appointed as a member of the Integrated Good Corporate Governance Committee since the Board of
Commissioners meeting dated 26 May 2017.
Full profile is presented in the Sharia Supervisory Board Profile section in this Annual Report.
Abdul Jabar Majid
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Name Work Experience Background
Independent Commissioner of PT Maybank Sekuritas Indonesia
Appointed as a member of the Integrated Good Corporate Governance Committee on 20 July 2018.
Educational Background
He had completed his undergraduate education at the Faculty of Law, Gadjah Mada University, Yogyakarta (1976),
then obtained a Master of Economics at Fordham University, New York – USA (1987) and completed his Law
Doctoral Program at Gadjah Mada University, Yogyakarta, in 2003.
I Nyoman Tjager Working Experience
He has started his career at the Capital Market Supervisory Agency (BAPEPAM) of the Ministry of Finance in the
Law and Legislation division from 1979 to 1999 and his last position was Head of BAPEPAM's Legal Bureau. In 1999-
2000, he served as Assistant for Minister of State for Investment for National Business Empowerment/Deputy for
National Business Development-Investment Coordinating Board (BKPM), Deputy Minister/Deputy Head of BKPM
and BUMN Development for Restructuring and Privatisation, and Secretary to the Minister of State/Main Secretary
of BKPM and BUMN Development. In 2000-2001 as Director General of BUMN Development, Ministry of Finance.
In 2001-2005 he served as Senior Advisor (Staff Ahli) to the State Minister for State-Owned Enterprises for Small
Business Partnerships. In 2016-2020 as Senior Advisor & Senior Specialist (Experts) for the Special Task Force
Supervisory Commission for Upstream Oil and Gas Business Activities (SKK Migas).
Apart from serving in government, he also served as Commissioner in several companies during 1993-2020, namely
as Commissioner of PT Pelayaran Samudera Djakarta Lloyd, Main Commissioner of PT Kustodian Sentral Efek
Indonesia (KSEI), Commissioner of PT Pupuk Kalimantan Timur Tbk. (Persero), Commissioner of PT Bhakti Capital
Investment Indonesia Tbk., Commissioner and Chairman of the Audit Committee of PT Bank Lippo Tbk, President
Commissioner of PT Bursa Efek Indonesia, Independent Commissioner & Chairman of the Audit Committee of PT
Ancora Indonesia Resources Tbk., Independent Commissioner & Deputy Chair of the GCG Committee , Nomination
& Remuneration of AJB Bumiputera 1912, Deputy President Commissioner/Independent Commissioner & Chairman
of the Audit Committee of PT Indocement Tunggal Prakarsa Tbk., and President Commissioner of PT Hanson
International Tbk., Main Commissioner/Independent Commissioner & Chairman of the Audit Committee of
PT Sorini Agro Asia Corporindo Tbk.
Since 2011 and up to this day, pak Nyoman has served as Member of the Audit Committee & Risk Monitoring
Committee of PT Bank Nationalnobu Tbk., President Commissioner/Independent Commissioner & Chairman of the
Audit Committee of PT Wahana Ottomitra Multiartha Tbk., and Independent Commissioner, Chairman of the Audit
Committee of PT Home Credit Indonesia and PT Sentul City Tbk. During November 2016 – January 2020 he served
as Senior Advisor for Planning for the Supervisory Commission of the Special Task Force for Upstream Oil and Gas
Business Activities (SKK Migas).
Independent Commissioner of PT Maybank Indonesia Finance
Appointed as a member of the Integrated Governance Committee on 22 May 2015.
Educational Background
Indonesian Citizen. He had completed his Bachelor’s degree in Civil Engineering from Bandung Institute of
Technology (1985) and obtained a Master’s of Business Administration from University of Denver, Colorado, USA
(1988).
Deswandhy Agusman Work Experience
Prior to his appointment as the President Commissioner (Independent) of PT Maybank Indonesia Finance, he had
several experience as:
- Executive Development Program and Risk Manager of Citibank (1989-1990);
- Syndication Manager of PT Nomura Indonesia (1990-1992);
- Managing Director, Corporate Finance of PT Peregrine Sewu Securities (1992-1998);
- Director General and Deputy Minister at Ministry of Cooperative and SME (1998 - 2002);
- Commissioner of PT Bank Rakyat Indonesia (Persero) Tbk (1999-2000);
- President Commissioner of PT Permodalan Nasional Madani (1999-2004);
- Commissioner of PT Bank Permata Tbk (2002-2006);
- Member of Finance and Banking Policy Committee of the Ministry of State-owned Enterprise (2010); and
- Commissioner of PT Bank Tabungan Negara (Persero) Tbk (2010-2012).
Concurrent Positions
From 2015 until present, he is concurrently positioned as The Commissioner (affiliated) of PT Maybank Sekuritas
Indonesia.
Affiliate Relations
He does not have any affiliated, financial, management, and family relationship with other members of The Board of
Commissioners, members of The Board of Directors, nor with Majority and Controlling Shareholders.
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Name Work Experience Background
Independent Commissioner of PT Wahana Ottomitra Multiartha, Tbk
Appointed as a member of the Integrated Governance Committee on May 22, 2015.
Educational Background
She obtained a Bachelor’s degree in Accounting, Faculty of Economics from the University of Indonesia, Jakarta
(1987) and a Master’s in Business Law, Faculty of Law from Padjadjaran University, Bandung (2006).
Work Experience
Myrnie Zachraini Tamin 1. Director KAP Hadi Sutanto & Partner (Price Waterhouse) (1987 - 2004).
2. Non-Equity Partner KAP Haryanto Sahari & Partner (PricewaterhouseCoopers) (2004 - 2007).
3. Consultant of Tass Consulting (2007 - 2010).
4. Lecturer of Bakrie Education Foundation (2007 -2009).
5. Member of Audit Committee of PT Indo Tambangraya Megah Tbk (2008 - 2012).
6. Independent Commissioner of PT Wahana Ottomitra Multiartha Tbk (2010 - present).
7. Chairman of Audit Committee of PT Wahana Ottomitra Multiartha Tbk (2011 - 2014).
8. Member of Audit Committee of PT Bumi Resources Tbk (2012 - 2022).
9. Member of Audit Committee of PT Sarana Menara Nusantara Tbk (2013 - 2018).
10. Member of Management Board of Indonesian Audit Committee Association (2013 - 2016).
11. Member of Audit Committee of Koperasi Mitra Dhuafa (Komida) (2014 - present).
12. Member of Integrated Governance Committee of Maybank Indonesia Financial Conglomerate - PT Bank
Maybank Indonesia Tbk (formerly PT Bank International Indonesia Tbk) (2015 - present).
13. Chairman of the Indonesia Audit Committee Association (2016 - 2019).
14. Chairman of Audit Committee of PT Wahana Ottomitra Multiartha Tbk (2016 - 2020).
15. Member of the Audit Committee of PT Profesional Telekomunikasi Indonesia (Protelindo) (2018 - present).
16. Member of Certification Board of Indonesian Audit Committee Association (2019 - 2022).
17. Member of the Audit Committee of PT Medikaloka Hermina Tbk (2020 - present).
18. Member of the Audit Committee of the University of Indonesia (2020 - present).
19. Member of Risk Oversight Committee of PT Bumi Resources Tbk (2022 - present).
20. Chairman of the Nomination and Remuneration Committee of PT Wahana Ottomitra Multiartha Tbk (March
2023 - present).
21. Member of Risk Oversight Committee of PT Wahana Ottomitra Multiartha Tbk (March 2023 - present).
22. Member of the Audit Committee of PT AirAsia Indonesia Tbk (June 2023 - present).
Concurrent Positions
1. Independent Commissioner of PT Wahana Ottomitra Multiartha Tbk (2010 - present).
2. Member of Audit Committee of Koperasi Mitra Dhuafa (Komida) (2014 - present).
3. Member of Audit Committee of PT Profesional Telekomunikasi Indonesia (Protelindo) (2018 - present).
4. Member of Audit Committee of PT Medikaloka Hermina Tbk (2020 - present).
5. Member of the Audit Committee of the University of Indonesia (2020 - present).
6. Member of Risk Oversight Committee of PT Bumi Resources Tbk (2022 - present).
7. Chairman of the Nomination and Remuneration Committee of PT Wahana Ottomitra Multiartha Tbk (March
2023 - present).
8. Member of Risk Oversight Committee of PT Wahana Ottomitra Multiartha Tbk (March 2023 - present).
9. Member of Audit Committee of PT AirAsia Indonesia Tbk (June 2023 - present).
Affiliated Relationship
Has no affiliations in financial relationships and family relationships with members of the Board of Directors of
PT Wahana Ottomitra Multiartha Tbk, other members of the Board of Commissioners of PT Wahana Ottomitra
Multiartha Tbk, and also with the Major Shareholders and Controlling Shareholders of PT Wahana Ottomitra
Multiartha Tbk.
Independent Commissioner of PT Maybank Asset Management
Appointed as a member of the Integrated governance Committee since the Board of Commissioners meeting on 22
july 2022.
Educational background
Indonesian citizens. He has a Master of Business Administration degree in International Finance from Brandeis
University, United States and a Bachelor of Economics degree from the University of Indonesia.
Freddy Hendradjaja Work Experience
He was appointed as Independent Commissioner of PT Maybank Asset Management in June 2022. He has more
than 20 years of experience in the capital markets industry, including serving as Portfolio Manager at Bahana TCW
Investment Management, Head of Alternative Investments at Danareksa Investment Management, Associate
Director at Danareksa Capital, and Chief Investment Officer at Lippo Securities. Currently he also serves as Co-
founder & Commissioner/Chairman of the Board at the P2P lending company PT Kredit Plus Teknologi (Pinjam
Gampang).
He has a license as a Securities Underwriter Representative (WPEE) and Securities Broker-Dealer Representative
(WPPE) based on a decision from the Financial Services Authority (OJK).
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Name Work Experience Background
Independent Commissioner of PT Asuransi Etiqa Internasional Indonesia
Appointed as a member of the Integrated governance Committee since the Board of Commissioners meeting on 31
October 2022.
Background Education
Indonesian citizen, born in 1959, domiciled in Depok. He obtained a Bachelor of Economics degree, Faculty of
Economics from the University of Indonesia (1985) and holds a Master in Accounting Management, faculty of
Economics, University of Indonesia, Depok (1990).
Didit Mehta Pariadi
Work Experience
Currently as Independent Commissioner of PT Asuransi Etiqa Internasional Indonesia and President Commissioner
of PT Jasa Cipta Rembaka a Reinsurance Broker Company since 2020.
He started his career as a Senior Auditor at the Coopers & Lybrand Public Accounting Firm in 1985 - 1987. Then he
started at the Senior Management level as a Member of the Board of Directors at a National consulting services
company, national logistics and domestic delivery services. His career in the General Insurance sector began in
2016 as an Independent Commissioner and Chair of the Audit Committee at PT Asuransi Jasa Indonesia ("Jasindo"),
2 years later he was appointed Director of Finance & Investment (2018-2020) and finally became President Director
of PT Asuransi Jasa Indonesia (2020 - 2021).
Term of Office c. Provide recommendations to the Board of Commissioners
The term of office of the members of the IGCG Committee shall of the Primary Entity for the improvement of the Integrated
not exceed the term of office of each member as stipulated in the Governance Committee Guidelines;
Articles of Association of each FSI, unless the member concerned d. Organising Integrated Good Corporate Governance
resigns from membership of this committee, or no longer works Committee meetings on a regular basis.
for a FSI company that is a Member of the KKMBI.
In terms of conducting evaluations, the Integrated Good
Independence of the Integrated Good Corporate Corporate Governance Committee is authorised to request
Governance Committee information from the Work Units below, namely in the form
All members of the IGCG Committee have met all independence of evaluation results on the implementation of the Integrated
criteria and are able to carry out their duties independently, Governance Committee:
uphold the interests of the company and cannot be influenced by a. integrated compliance function from SKKT;
any party. b. integrated internal audit function from SKAIT;
c. integrated risk management implementation from SKMRT;
Concurrent Position d. integrated minimum capital requirement; and other matters
Membership of Independent Commissioners, independent related to the implementation of integrated governance in
parties, and members of the Sharia Supervisory Board as Maybank Indonesia Financial Conglomeration.
referred to in Article 17 paragraph (1) POJK No. 18/POJK.03/2014
on the Integrated Governance Committee in the Financial The Chairman of the Integrated Good Corporate Governance
Conglomerate shall not be counted as concurrent positions. Committee shall make and submit a report to the Bank’s
Board of Commissioners on each implementation of its duties
Responsibility and Authority of Integrated Good accompanied by recommendations (if necessary in terms of
Corporate Governance Committee obtaining approval).
The duties and responsibilities of the Integrated Good Corporate
Governance Committee include evaluating the implementation Integrated Good Corporate Governance Committee
of the Integrated Good Corporate Governance Committee duties Meeting in 2023
and responsibilities which include: The implementation policy of the Integrated Good Corporate
a. Evaluate the implementation of the Integrated Good Governance Committee within KKMBI is as follows:
Corporate Governance Committee by Member FSIs and the a. Integrated Good Corporate Governance Committee
Main Entity, through: meetings are held in accordance with the provisions required
• Assessment of the adequacy of internal control, by POJK No. 18/POJK.03/2014 the needs of KKMBI, at
• Implementation of integrated compliance and internal audit least 1 (one) time every 1 (one) semester. In 2023, the TKT
functions, and Committee held 4 (four) meetings, thus exceeding the
• Implementation of the Integrated Governance Committee. requirements set out in POJK No. 18/POJK.03/2014.
b. Provide recommendations to the Board of Commissioners b. Meetings may be held if attended by more than 50% of the
of the Main Entity on the results of the evaluation of Integrated Governance Committee members;
the implementation of the Integrated Good Corporate c. Meeting decisions were made based on the principle
Governance Committee; of deliberation to reach consensus. In the event that
deliberation to reach consensus is not achieved, decisions
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shall be made by voting based on the affirmative votes of 16 May 2023
more than 50% of the Committee Members present.
d. Dissenting opinions occurring in the meeting and the reasons 1. Request for recommendation to submit the Annual Report on
for the differences shall be clearly stated in the minutes of the Implementation of IGCG KKMBI in 2022.
the meeting. 2. Integrated Risk Appetite Statement (“RAS”) Monitoring of
e. Minutes of Meeting shall be prepared by the Integrated quarter 1 2023.
Governance Committee Secretariat or by a person present at 3. Implementation Report of Integrated Compliance and AML/
the Meeting appointed by the Chairman of the Meeting and CFT Working Unit for first quarter - 2023.
shall be signed by all Integrated Good Corporate Governance 4. Implementation Report of the Integrated Internal Audit Work
Committee Members present at the relevant Meeting. Unit (SKAIT) for first quarter - 2023.
f. The Integrated Good Corporate Governance Committee
Meeting may be conducted through electronic media. 25 July 2023
During 2023, the KKMBI Integrated Good Corporate Governance 1. Application for rating recommendation for submission of:
Committee Meeting was held 4 (four) times, therefore the a. Integrated Governance Implementation Assessment
committee meeting was held exceeding the minimum number Report for semester I - 2023;
specified in POJK No. 18/POJK.03/2014 and in the KKMBI b. Integrated Risk Profile Report for semester I - 2023;
Integrated Good Corporate Governance Committee Charter, c. Integrated Minimum Capital Adequacy Report as of 30
namely 1 (one) time every semester. June 2023.
2. Integrated Risk Appetite Statement (“RAS”) Monitoring June
The agenda of the Integrated Good Corporate Governance 2023
Committee Meeting in 2023 is as follows: 3. Implementation Report of Integrated Compliance and AML/
CFT Working Unit for the second quarter - 2023.
20 January 2023 4. Implementation Report of the Integrated Internal Audit Work
Unit (SKAIT) for the second quarter - 2023.
1. Follow-up of FSA Supervision of Maybank Indonesia Financial
Conglomeration 24 October 2023
2. Request for rating recommendation for submission of:
a. Integrated Governance Implementation Assessment 1. Submission of follow-up on Maybank Indonesia
Report for semester II - 20212022; Financial Conglomeration's meeting with FSA's Financial
b. Integrated Risk Profile Report for semester II - 20212022; Conglomeration Supervision Department.
c. Integrated Minimum Capital Adequacy Report as of 31 2. Integrated Risk Appetite Statement (“RAS”) Monitoring Q3
December 20212022. 2023.
3. Review on Integrated Capital Management Framework 3. Annual Review Term of Reference Integrated Risk
(“ICMF”) and Integrated Capital Contigency Plan (“ICCP”) of Management Committee;
Maybank Indonesia Financial Conglomeration.Permohonan 4. Annual Review of Integrated Risk Management
rekomendasi Term of Reference Komite Manajemen Risiko Implementation Policy ("KPMRT").
Terintegrasi (TOR IRMC) 5. Implementation Report of Integrated Compliance and AML/
4. Submission of Integrated Risk Appetite Statement ("RAS") CFT Working Unit for the third quarter - 2023.
monitoring information December 2022. 6. Implementation Report of the Integrated Internal Audit Work
5. Implementation Report of Integrated Compliance ("SKKT") Unit (SKAIT) for the third quarter - 2023.
and Integrated AML/CFT Working Unit for 4th quarter - 2022.
Laporan Pelaksanaan Satuan Kerja Kepatuhan Terintegrasi
dan APU/PPT Terintegrasi kuartal IV -2021.
6. Implementation Report of Integrated Internal Audit Working
Unit (SKAIT) for 4th quarter - 2022.
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Frequency and Attendance of Integrated Good Corporate Governance Committee Meetings
During 2023, the Integrated Good Corporate Governance Committee held 4 (four) meetings. The frequency and meeting attendance of
each member of the Integrated Good Corporate Governance Committee are as follows.
Number of
Position in Meeting
Name Position in FSI Attendance in Percentage
Committee Frequency
Meeting
Budhi Dyah Sitawati Independent Commissioner of Maybank Chairman also 4 4 100%
Indonesia Member
Agus Kretarto Independent Party of Maybank Indonesia Member 4 4 100%
Abdul Jabar Majid SSB Member of Maybank Indonesia Member 4 3 75%
I Nyoman Tjager President Commissioner/Independent Member 4 3 75%
Commissioner of PT Maybank Sekuritas
Indonesia
Deswandhy Agusman President Commissioner/Independent Member 4 3 75%
Commissioner of PT Maybank Indonesia
Finance
Myrnie Zachraini Tamin Independent Commissioner of PT Wahana Member 4 3 75%
Ottomitra Multiartha, Tbk
Freddy Hendradjaja Independent Commissioner of Member 4 4 100%
PT Maybank Asset Management
Didit Mehta Pariadi P Independent Commissioner of Member 4 4 100%
PT Asuransi Etiqa Internasional Indonesia
Implementation of Integrated Good Corporate Governance Committee Duties 2023
During 2023, the Integrated Good Corporate Governance Committee focused its activities on supervising and evaluating, among others,
the following matters:
1. Provide recommendations in updating the Integrated Corporate Governance Guidelines;
2. Providing recommendations related to the submission of half year and annual Integrated Governance Implementation Reports to
OJK;
3. Providing recommendations related to the submission of half year Risk Profile Report and Minimum Capital Adequacy Report to
OJK;
4. Providing recommendations in terms of appointment and changes in the composition of the IGCG Committee members in order to
fulfill the representation of members from each FSI member of the Financial Conglomeration;
5. Provide recommendations in terms of reporting to the regulator in the event of changes to the members and membership of the
KKMBI FSI;
6. Supervise and provide recommendations on the implementation of the integrated work units that have been established in order to
support the implementation of supervision by the IGCG Committee, including the Integrated Internal Audit Work Unit, Integrated
Compliance Work Unit and Integrated Risk Management Work Unit. Reports on the implementation of the functions of each of
these working units were reported periodically to the Integrated Governance Committee.
7. Periodic evaluation of the framework of Integrated Risk Management Work Unit and Integrated Capital Management Procedure.
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WHISTLEBLOWING GOVERNANCE COMMITTEE
Based on the spirit of implementing Good Corporate Governance, PT Bank Maybank Indonesia, Tbk. (“the Company”) has implemented
Anti-Fraud strategy , among others by developing policy and mechanism for handling complaints (Whistleblowing) to improve the
effectiveness of the implementation of fraud control system.
On May 11, 2021, Bank has established a Whistleblowing Governance Committee with the objective to ensure whistleblowing reports are
followed up with adequate attention, independence, investigation and remedial action, where necessary.
Legal Basis
• Law of the Republic of Indonesia No. 21 of 2011 on the Financial Services Authority;
• OJK Regulation No. 17 Year 2023 dated 14 September 2023 regarding Implementation of Good Corporate Governance for
Commercial Banks;
• Circular Letter of the Financial Services Authority (SE OJK) No. 13/SEOJK.03/2017 dated March 17, 2017 concerning the
Implementation of Governance for Commercial Banks;
• POJK No.39/POJK.03/2019 dated December 19, 2019 concerning the Implementation of Anti-Fraud Strategies for Commercial Banks;
and
• Other relevant laws and regulations
Whistleblowing Governance Committee Charter
To support the implementation of the duties of the Whistleblowing Governance Committee, the Bank has established a Whistleblowing
Governance Committee Charter which regulates the following matters:
1. Objective
2. Authority
3. Membership
4. Duties and responsibilities
5. Frequency of meetings
6. Meeting Agenda
7. Chairman and Meeting participants
8. Meeting Results and Minutes
9. Reporting
Structure and Membership
The composition of the Whistleblowing Governance Committee as of 31 December 2023 is as follows:
No. Name Position in the Company Position in the Committee
1 Putut Eko Bayuseno Independent Commissioner Chairman and Member
2 Hendar Independent Commissioner Alternate Chairman and Member
3 Budhi Dyah Sitawati Independent Commissioner Member
4 Muhamadian Director, Legal, Compliance, Corporate Secretary and Anti- Member
Fraud
5 Irvandi Ferizal Director, Human Capital Member
6 Effendi Director, Risk Management Member
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Term of Office Implementation of Duties of the Whistleblowing
The term of office of the members of the Whistleblowing Governance Committee
Governance Committee shall not exceed the term of office Throughout 2023, the Whistleblowing Governance Committee
of each member, unless the member concerned resigns from has conducted activities in the form of supervision and
membership of this Committee, or no longer works for the evaluation as well as review of Whistleblowing indicators,
Company, or if the Board of Commissioners decides to change including statistics on reports received from Whistleblowing
the composition of the Committee membership (whichever channels, types of reports, trend analysis, reports that are in the
occurs first). process of investigation and closure of reports, as part of the
Whistleblowing Governance Committee meeting agenda.
Independence
The Whistleblowing Governance Committee Charter stipulates Meetings and Attendance Rate
that the membership composition of the Whistleblowing Based on the Whistleblowing Governance Committee Charter,
Governance Committee is as follows: Committee Meetings are held every quarter but can be held at
1. Chairman : Independent Commissioner any time if necessary. Throughout 2023, the Whistleblowing
2. Alternate Chairman: Independent Commissioner Governance Committee Meeting was held 4 (four) times with the
3. Permanent Member: following attendance rates:
• Independent Commissioner
• Director of Legal, Compliance, Corporate Secretary and No. Date Attendance Rate
Anti-Fraud
1 16 January 2023 83%
• Human Capital Director
2 17 May 2023 83%
• Risk Management Director
3 26 July 2023 83%
Based on the composition of the membership where the 4 19 October 2023 100%
appointed Chairman and Substitute Chairman are from
Independent Commissioners, the independence criteria of the Member Training Program
membership composition has been met. The profiles of each member can be found in this Annual Report.
Duties and Responsibilities
The Whistleblowing Governance Committee is responsible for:
a. Review and assess the adequacy of policies and procedures
related to whistleblowing.
b. Evaluate the follow up of whistleblowing reports in
terms of steps of investigation, the closure, and to make
recommendations, where required
c. Review whistleblowing indicators such as the statistic on
reports received from the whistleblowing channels, nature of
the reports received, trend analysis, reports under on-going
investigation and closure of reports.
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INFORMATION AND TECHNOLOGY Legal Basis
OVERSIGHT COMMITTEE - OJK Regulation No. 33/POJK.04/2014 dated December
Good Corporate Governance (GCG) is crucial in improving the 8, 2014 regarding the Board of Directors and Board of
Bank’s performance, protecting the interests of stakeholders and Commissioners of Issuers or Public Companies.
enhancing compliance with prevailing laws and regulations and - OJK Regulation Number 17 Year 2023 dated 14 September
ethical values. 2023 regarding Good Corporate Governance for Commercial
Banks.
To support the implementation of GCG principles and improve - OJK Circular Letter No. 13/SEOJK.03/2017 dated March
the effectiveness of the supervisory function performed by the 17, 2017 regarding the Implementation of Governance for
Board of Commissioners, the Bank may establish Committees. Commercial Banks.
- OJK Regulation No. 11/POJK.03/2022 dated July 6, 2022
The Information and Technology Oversight Committee (IT regarding the Implementation of Information Technology by
Oversight Committee) is a committee that assists the Board of Commercial Banks.
Commissioners in carrying out its supervisory function. This
committee was established by and responsible to the Board Information and Technology Oversight Committee
of Commissioners on August 29, 2022 in accordance with the Charter
approval of the IT Oversight Committee Charter by the Board of To support the implementation of the IT Oversight Committee’s
Commissioners. duties, the Bank has established the IT Oversight Committee
Charter which regulates the following matters:
1. Purpose
2. Duties, Responsibilities & Authority
3. Structure & Membership
4. Meetings, Quorum & Decision Making
5. Term of Services
6. Performance Evaluation Mechanism
7. Review Period
8. Committee Secretary
9. Charter Approval
10. Confidentiality
11. Compliance to the Law and Regulation
Structure and Membership
The composition of the IT Oversight Committee as of November 27, 2023 is as follows:
No. Name Position in the Company Position in Committee
1 Dato’Zulkiflee Abbas bin Abdul Commissioner Chairman
Hamid
2 Edwin Gerungan Commissioner Member
3 Datuk Lim Hong Tat Commissioner Member
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Term of Office
The term of office of the IT Oversight Committee members may not exceed the term of office of the Board of Commissioners as
stipulated in the Articles of Association. Replacement of IT Oversight Committee members must be approved by the Board of
Commissioners. The number of members of the IT Oversight Committee is at least 3 (three) people, so that any vacancy in the position
of a member must be filled immediately within a period of no later than 3 (three) months.
Independence
The IT Oversight Committee must be entirely independent from the influence of the Board of Directors and accountable only to the
Board of Commissioners. Independence is one of the main criteria that must be possessed by members of the IT Monitoring Committee.
Duties and Responsibilities
1. Review the Company’s technology planning and strategy.
2. Evaluate significant technology investments and expenditures.
3. Monitor and evaluate existing and future technology trends that may affect the Company’s strategic plan, including monitoring
overall industry trends.
4. Receive reports from management on the Company’s technology operations including, among others, software development project
performance, technical operation performance, technology architecture and significant technology investments.
5. Provide recommendations regarding information and technology policies to the Board of Commissioners for approval.
6. Carry out other activities in accordance with the Charter and Articles of Association of the Company.
Implementation of IT Oversight Committee Duties 2022
During 2023, the IT Oversight Committee focused its activities on supervising and evaluating, among others, on the following matters:
1. The first meeting of the IT Oversight Committee on January 25, 2023
2. The second meeting of the IT Oversight Committee on March 29, 2023
3. The third meeting of the IT Oversight Committee on May 22, 2023
4. The forth meeting of the IT Oversight Committee on July 21, 2023
5. The fifth meeting of the IT Oversight Committee on September 22, 2023
6. The sixth meeting of the IT Oversight Committee on November 1, 2023
7. The seventh meeting of the IT Oversight Committee on November 21, 2023
8. Provide the IT Oversight Committee report at the BOC meeting on 31 March 2023, 28 July 2023, 3 November 2023 and 24 November
2023.
Meeting and Attendance
Number of
Name Position Attendance Percentage
Meeting
Dato’Zulkiflee Abbas bin Abdul Hamid Chairman 7 7 100%
Edwin Gerungan Member 7 6 86%
Datuk Lim Hong Tat Member 7 7 100%
Training Program for Members
The profiles of each member can be found in this Annual Report.
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Remuneration Policy
Maybank Indonesia has and implements remuneration policies • Prudential principle in the provision of remuneration based
for members of the Board of Commissioners and Board of on performance and risk.
Directors to encourage the implementation of GCG through a • Fixed and Variable Remuneration
mechanism and implementation of strategic policies, including • Performance Management
for the compensation and benefits and other remuneration for • Material Risk Taker (MRT)
Bank employees. The implementation of the Bank’s remuneration • Information Disclosure
system always upholds the principle of competitiveness, fair
and balanced, and risk-based and ensuring that nobody receives The Bank conducts periodic reviews of the remuneration policy
rewards below the provisions set by the government. to keep it in line with the industry developments and the Bank’s
strategy as well as prevailing provisions from the regulators.
The Bank prepares policy directions and adopts fair and
competitive remuneration practices in accordance to the REMUNERATION POLICY FOR BOARD
contribution and performance of employees while taking OF COMMISSIONERS AND BOARD OF
into account the company’s sustainable financial capacity. DIRECTORS
Remuneration policies and practices that are right on target will Maybank Indonesia implements remuneration policy for the
increase the rate of return on investment on human resources Board of Commissioners and Board of Directors based on
(Return on Investment on Human Capital Investment). The Bank recommendations from the Nomination and Remuneration
always oversees the implementation of the remuneration policy Committee which approved by the Board of Commissioners.
and from time to time makes the necessary amendments to The recommendations include procedures to review the
ensure the achievement of the company’s remuneration policy remuneration structure, policy and remuneration plan, and
objectives, namely to raise corporate value. the terms and conditions for the Board of Commissioners and
Board of Directors to be submitted to the General Meeting of
Maybank Indonesia regulates the Remuneration Policy in the Shareholders (GMS).
Board of Directors Regulation NO.M.2022.010/DIR HC - RODS
which consists some basic principles of remuneration, including: In this regards, the Nomination and Remuneration Committee
ensures that remuneration decisions are in due observance of the
risk and/or performance considerations, consistent with financial
performance and regulatory reserve provisions, the Bank’s future
potential income, performance evaluation results, equality with
other similar banks, and the Bank’s long term target and strategy.
Procedures for Determining Board of Commissioners Remuneration
Nomination and Board of General Meeting of Board of
1 Remuneration
Committee
2 Commissioners 3 Shareholders 4 Commissioners
Remuneration
The Nomination and The Board of Commissioners The GMS determines The distribution of
Remuneration Committee studies the recommendations remuneration for members of remuneration to members of
provides recommendations and proposed remuneration of the Board of Commissioners the Board of Commissioners
and proposals for the Board of the Board of Commissioners and authorises the in accordance with
Commissioners’ remuneration and proposes them to the President Commissioner to GMS decision.
in accordance with their GMS for approval. carry out its distribution to
functions and responsibilities each member of the Board of
as well as remuneration Commissioners.
standards for positions and
similar industries in the
market, to be submitted to
the GMS through the Board of
Commissioners.
BOARD OF COMMISSIONERS REMUNERATION STRUCTURE (FEE STRUCTURE)
In carrying out its duties and responsibilities, the Board of Commissioners receives number of remuneration packages in kind, including
salaries and other fixed income, among other benefits including transportation allowances and other forms of remuneration based on
the Bank’s provisions, as well as other facilities in kind/non-kind, namely other non-permanent income, which may or may not be owned.
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The Remuneration package and facilities (fee structure) received by the Board of Commissioners consists of remuneration structure and
details of nominal amount, as described in the table below:
Amount Received in 1 (One) Year
Type of Remuneration and Facilities Board of Commissioners
Persons In Million Rp
Remuneration (salary, bonus, routine allowance, tantiem, and other facilities in
8 18,831
the form of cash)
Other facilities in kind form (housing, health insurance, and others) which:
a. with transferable ownership; 6 2,248
b. with non-transferable ownership
Total 8 21,079
The Remuneration Package which is grouped based on the income level received by the Board of Commissioners members in 1 (one)
year, as shown in the table below:
Amount of Remuneration per Person in 1 (One) Year *) Number of Commissioners
Above Rp5 billions
Above Rp2 billion to Rp5 billion 8
Above Rp1 billion to Rp2 billion
Above Rp500 billion to Rp1 billion
Under Rp500 million
Notes: *) received in cash
The number of Board of Commissioners who received Variable Remuneration within 1 (one) year and total nominal amount as shown in
the table below:
Amount Received in 1 (One) Year
Remuneration Deemed Variable Board of Commissioners
Persons In Million Rp
Total 0 0
Procedures for Determining Board of Directors Remuneration
Nomination and Board of General Meeting of
1 Remuneration
Committee
2 Commissioners 3 Shareholders 4 Board of Directors
Remuneration
The Nomination and The Board of Commissioners The GMS determines The distribution of
Remuneration Committee studies the recommendations remuneration for members remuneration to members
provides recommendations and proposed remuneration of the Board of Directors and of the Board of Directors in
and proposals for Board of of the Board of Directors and authorises the Board accordance with
Directors remuneration based proposes them to the GMS for of Commissioner to carry GMS decision.
on the formula which refers to approval. out its distribution to each
the Bank’s internal policies, member of the Board of
applicable external regulations, Directors.
comparisons in the banking
industry, the performance of
the Board of Directors and
taking into account the Bank’s
performance, to be submitted
to the GMS through the Board
of Commissioners.
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STRUCTURE OF BOARD OF DIRECTORS REMUNERATION
In carrying out their duties and responsibilities, the Board of Directors receives remuneration packages in kind, including salaries and
other fixed income, allowances (benefits) based on the Bank’s provisions and other forms of remuneration as well as other facilities in
kind/non-in kind, namely irregular income and other facilities, which may or may not be owned.
The Remuneration Package and facilities received by the Board of Directors consists of remuneration structure and details of nominal
amounts, as described in the table below:
Amount Received in 1 (one) Year
Type of Remuneration and Facilities Directors
Persons In Million Rp
Remuneration (salary, bonus, routine allowance, tantiem, and other facilities in
9 85.143
the form of cash)
Other facilities in kind form (housing, health insurance, and others) which:
a. with transferable ownership; 9 6.964
b. with non-transferable ownership
Total 9 92,106
The Remuneration Package grouped by the income level received by the Board of Directors members in 1 (one) year is shown in the table
below:
Amount of Remuneration per Person in 1 (One) Year *) Number of Directors
Above Rp5 billions 7
Above Rp2 billion to Rp5 billion 2
Above Rp1 billion to Rp2 billion
Above Rp500 billion to Rp1 billion
Under Rp500 million
Notes: *) received in cash
The number of Directors who received variable remuneration for 1 (one) year and the nominal stated in the table below:
Amount Received in 1 (one) Year
Variable Remuneration Directors
Persons In Million Rp
Total 9 34,366
BOARD OF DIRECTORS PERFORMANCE INDICATOR FOR REMUNERATION
DETERMINATION
The criteria used in assessing the performance of the Board of Directors refers to the strategy as well as the Bank’s business and
operational plans in the current year. The KPIs used for the performance assessment of the Board of Directors in 2023 are provided
below:
Aspects Indicators
Financial Performance Bank’s financial performance and portfolio growth, which includes profits earned and revenue generated,
credit growth including the quality of credit management, growth of third-party funds, productivity ratio
and cost management to improve efficiency.
M25+ Implementation and Bank's commitment to transform and implement the M25+ strategy to increase Bank's productivity, which
Transformation includes project initiation, continuous process improvement, human resource management, management
of customer satisfaction which measured by Bank's promoter scores and customer engagement index.
Risk Management Bank's commitment to governance and securitycompliance to the regulations towards regulators as well
as managing credit risk, operational risk, and cyber attackcyber-attack risk to ensure that it is always
within the acceptable tolerance level.
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Assessment for the Board of Directors Performance
The Nomination and Remuneration Committee evaluates and recommends the BOD’s Balanced Scorecard to be approved by the Board
of CommissionersC, , and review the on overall performance based on the agreed Balance scorecard.
The Bank’s strategic objectives are converted into Key Performance Indicators (KPI’s) that are agreed upon by the BOD and handed
down to all levels to develop and implement work plans that are aligned with the strategy and coordinating with one and another in
order to achieve the Banks’s Performance target.
The Directors KPI in 2023 were approved in a BOC Meeting and the development of the Bank’s performance was monitored regularly
through financial and business performance reports.
Remuneration for Material Risk Taker (MRT)
Details of the amount of remuneration provided in 1 (one) year include:
1) Fixed remuneration and variable remuneration;
2) Deferred and non-deferred remuneration; and
3) forms of remuneration provided in cash and/or shares or share-based instruments issued by the Bank, as in the table below:
A. Total Remuneration
1. Cash 103,294
2. Shares/share-based instruments issued by the Bank 466
B. Fixed Remuneration *)
1. Cash 58,189
2. Shares/share-based instruments issued by the Bank -
Note: *) Only for MRT and in million Rupiah
C. Variable Remuneration*)
Not Deferred Deferred
1. Cash 40,914 4,192
2. Shares/share-based instruments issued by the Bank 466
Note: *) Only for MRT and in million Rupiah
Quantitative information on the following:
1) Total remaining deferred remuneration exposed to both implicit and explicit adjustment;
2) Total reduction in remuneration caused by explicit adjustments during the reporting period; and
3) Total reduction in remuneration arising from implicit adjustment during the period under review, as in the table below:
Total Reduction during Reporting Period
Deferred
Type of Variable Remuneration*) Explicit Explicit Total
Amount
Adjustment (A) Adjustment (B) (A)+(B)
Cash
8.046 - - -
(in million Rupiah)
Shares/share -based instruments issued by the Bank (in
number of shares and/or in nominal millions, conversion 765 - - -
value of shares)
Note: *) Only for MRT
REMUNERATION PAID TO MEMBERS OF THE NOMINATION AND
REMUNERATION COMMITTEE FOR 1 (ONE) YEAR
No remuneration is paid to members of the Nomination and Remuneration Committee other than those paid monthly as Commissioners
or Executive Officer.
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Committees of The Board of Directors
RISK MANAGEMENT Structure and Membership
COMMITTEE
The Board of Directors established a Anggota
Risk Management Committee (RMC) to Chair President Director
establish, review the implementation and
Vice Chairman/Member Risk Management Director
continuously improve the policies and
methodologies used to manage risk. The Member Finance Director
establishment of the Risk Management Member Global Banking Director /Alternate*1)
Committee is also in line with the rapid Community Financial Services (CFS)
Member
development of the financial services Director /Alternate*2)
industry, especially banking, and in Legal & Compliance, Corporate Secretary Director
Member
order to effectively manage increasingly /Alternate*3)
complex potential risks. Member Operations Director /Alternate*4)
Member Human Capital Director /Alternate*5)
Destination Member IT Director /Alternate*6)
The purpose of the Risk Management
Committee is to support the Board
of Directors in the implementation of Fixed Invitation
responsibilities related to oversight of the Fixed Invitation Head, Internal Audit (SKAI)
risk management framework including
Fixed Invitation Head, Enterprise Risk Management
policies, processes, management,
risk profile, and adequacy of the risk Fixed Invitation Head, Credit Risk Management
management function. Fixed Invitation Head, Retail Credit Portfolio & Policy
Fixed Invitation Head, Non Retail Credit Policy & Strategic Risk Management
Fixed Invitation Head, Operational Risk & Business Continuity
Fixed Invitation Head, Market, Liquidity & Treasury Credit Risk Management
Fixed Invitation Chief Information Security Officer
Non-permanent Invitation
Non-permanent Invitation Pihak internal Bank Maybank Indonesia Grup
Secretary
Secretary Enterprise Risk Management
Alternate
*1) Head, Business Planning, Performance, dan Embedded Risk Unit (ERU)/
Head, Local Corporate & Multinationals
*2) Head, CFS Non-Retail Credit Process/
Head, CFS Retail Credit Process/
Head, Business Planning
*3) Head, Compliance /
Head, Anti-Fraud
Head, Corporate Legal & Litigation
*4) Head, Operation Processing Center /
Head, Branch Control Operations
*5) Head, Business Human Capital
*6) Head IT Architecture, Governance & Planning/
Head IT Infrastructure and Operation
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Duties and Authorisations k. To oversee and provide strategic direction to key business
a. Provide recommendations and/or approval of policies, initiatives and projects and ensure they receive the necessary
strategies and guidelines for the implementation of risk support from all relevant units in Maybank Indonesia in line
management of the Bank and its subsidiaries, including with the company’s objectives.
framework strategies, methodologies, systems and risk l. Providing ratification for material that has been presented at
management tools including contingency plans and ensure a meeting outside the RMC and requires RMC approval.
their implementation covering credit risk, operational risk, m. Approve matters requiring ROC recommendation for BOC
market risk, liquidity risk, legal risk, reputation risk, strategic approval.
risk and compliance risk. n. Carry out other responsibilities delegated by the BOD and
b. Provide recommendations on the improvement or ROC.
refinement of risk management implementation based
on the results of the evaluation of risk management Implementation of Risk Management Committee Duties
implementation. during 2023
c. Provide recommendations on the determination of matters In 2023, the Risk Management Committee regularly reviewed
related to business decisions that deviate from normal and provided recommendations on various matters, among
procedures. others:
d. Conduct a comprehensive review of the Bank’s and 1. Updating of Risk Management Framework and Policy and its
subsidiaries’ portfolio on a regular basis and ensure that risk implementation.
exposures are well managed. 2. Updating of credit policy and its implementation
e. Review stress testing scenarios and their risk impact 3. Updating and monitoring of the Risk Appetite Statement
on capital adequacy, profitability and asset quality and 4. Updating and monitoring of Enterprise Risk Dashboard
recommend necessary corrective actions. 5. Update from Embedded Risk Unit (ERU)
f. Review and approve the Recovery Plan (RCP) for the bank’s 6. Stress Test both related to Regulator, Group and internal
readiness to face any risks and crisis conditions that may Bank requests.
occur can be addressed quickly and appropriately. 7. Bank Health Level, Risk Profile including Minimum Capital
g. Examining the application of Environmental Social Adequacy (CAR) in accordance with Risk Profile and
Governance (ESG) principles in business and investment reporting to the regulator
practices that integrated with the implementation of 8. Sharia Supervisory Board Report
the principles of environmental conservation, social 9. Compliance and regulatory updates
responsibility and good governance. 10. Update on the progress of follow-up on Regulatory findings
h. Approve strategic actions arising from external regulations 11. Update on the Bank’s Recovery Plan
that impact risk management practices.
i. Approve corrective measures to address risk issues that come
to the attention of Bank Indonesia (BI) and/or the Financial
Services Authority (OJK).
j. Approve new products and activities with reference to the
product and activity launch requirements.
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ASSET & LIABILITIES MANAGEMENT (ALM) AND ASSET & LIABILITIES
MANAGEMENT COMMITTEE (ALCO)
Assets &Liabilities Management (ALM)
Assets & Liabilities Management is one of the key components in the management of the Bank. ALM is a critical financial and risk
management discipline, which is applied to the Bank’s on and off balance sheet positions to maintain a risk-reward profile that will generate
the best value for shareholders. ALM is intended to manage and control the Bank’s on and off balance sheet by identifying, measuring and
managing the risks inherent in the on and off balance sheet and income statement.
There are two aspects of the ALM function:
1. Decision-making function: Assets & Liabilities Management Committee (ALCO)
2. ALM support function: ALM-related Work Units
Assets & Liabilities Management Committee (ALCO)
ALCO merupakan wadah utama untuk mencapai tujuan dari ALM dan bertanggung jawab untuk pengembangan, implementasi,
monitoring, dan evaluasi, dari strategi ALM Bank.
ALCO Structure and Membership
Every interested party must be a member of ALCO to ensure the effectiveness of ALCO. When required, other Senior Management may
be invited to the meetings.
The structure and membership of ALCO are as follows:
Member
Chairman Presiden Direktur
Vice Chairman Head, Global Markets & Corporate Treasury
Member Director, Risk Management/ Alternate 1)
Member Director, Global Banking/ Alternate 2)
Member Director, Community Financial Services/ Alternate 3)
Member Director, Finance/ Alternate 4)
Member Director, Operations/ Alternate 5)
Description:
1) Director, Legal, Compliance, Corporate Secretary, and Anti-Fraud
2) Head, GB Business Planning & Performance Management
3) Head, CFS Business Planning & Analysis; or Head, Consumer
4) Head, Financial Planning, Performance Management and Investor Relations Division (FPPMIR); or Head, Financial Accounting Division (FAD)
5) Head, Operations Processing Center (OPC)
Permanent Invitee
Permanent Invitee Director, Legal, Compliance, Corporate Secretary, and Anti-Fraud
Permanent Invitee Director, Human Capital
Permanent Invitee Director, IT
Permanent Invitee Head, Community Distribution
Permanent Invitee Head, Economic Research
Permanent Invitee Head, GM Fixed Income Currencies and Commodities & Derivatives
Permanent Invitee Head, Corporate Treasury Liquidity Management
Permanent Invitee Head, Global Market Rates
Permanent Invitee Head, Market, Liquidity, & Treasury Credit Risk Management
Permanent Invitee Head, Treasury Trading Risk
Permanent Invitee Head, Balance Sheet Risk
Permanent Invitee Head, GB Business Planning & Performance Management
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Permanent Invitee
Permanent Invitee Head, CFS Business Planning & Performance Management
Permanent Invitee Head, Consumer
Permanent Invitee Head, Sharia Banking
Permanent Invitee Head, Financial Planning, Performance Management, and Investor Relations
Permanent Invitee Head, Operation Processing Center
Non-Permanent Invitee
Non-Permanent Invitee Work units other than those mentioned above to discuss specific topics (if needed)
Non-Permanent Invitee Subsidiaries
Secretary
Secretary Head, Corporate Finance & Capital Management
Duties and Responsibilities of ALCO n. Formulate and review strategies in managing market risk
The duties and responsibilities of ALCO are as follows: and liquidity risk relating to the Bank’s balance sheet profile,
a. Provide strategic direction of ALM and ensure tactical follow- capital and funding structure.
up to create an evolving balance sheet structure to achieve o. Provide direction on the management of consolidated assets
performance objectives within defined risk parameters. and liabilities of subsidiaries to achieve the Bank’s overall
b. Review measurement methodologies on a Bank-wide basis in objectives.
terms of market risk (exchange rate, interest rate and value p. Activate the Liquidity Contingency Plan (LCP) when
of securities) and liquidity risk. conditions lead to a liquidity crisis, evaluate the effectiveness
c. Approve strategies related to interest rate, funding and of the Bank’s LCP after the crisis and assess the Bank’s new
liquidity risk management, as well as appropriate assets and position and determine follow-up strategies for restructuring
liabilities management strategies. the Bank’s balance sheet.
d. Approve limits related to market risk and liquidity risk and q. Coordinate with the Credit Committee on aspects of credit
supervise and approve limit that exceed in accordance with funding or financing.
applicable risk management policies.
e. Review and approve the framework, policies and guidelines In carrying out its duties and responsibilities, ALCO is expected
for internal transfer pricing. to review, analyze, and decide when necessary on various items
f. Supervise and manage the bank’s overall liquidity position and ratios of on and off balance sheet, market risk and liquidity
and interest rate risk on a consolidated basis. positions, and market indicators such as:
g. Determine interest rates on earning assets and liabilities a. Current and expected future market and economic
to ensure that interest rates encourage the achievement of conditions.
optimum use of funds and cost of funds and fulfillment of b. The size, structure and behavior of the balance sheet in
liquidity management objectives, and to obtain a balance various currencies.
sheet structure that is consistent with the ALM strategy c. The yield of net interest income.
(liquidity management and minimum reserve requirements). d. Exposure to interest rate risk, including limits thereon.
h. Determine policies regarding fees charged in various e. The bank’s overall foreign exchange exposure (structural
products and services. and non-structural Net Open Position) including the limit
i. Manage the Bank’s capital structure and capital utilisation therein.
among various business units. f. Liquidity risk and concentration risk positions, including
j. Managing the Bank’s investment portfolio. limits.
k. Approve hedging strategies for invested capital and foreign g. Treasury portfolio exposure and its risks.
currency gains to mitigate market risk exposure. h. Ratios and limits in accordance with relevant regulations,
l. Monitor the bank’s compliance with relevant regulations and including the Risk Based Bank Rating (RBBR) report from OJK
guidelines from regulators. - Bank Indonesia.
m. Approve new products in terms of interest rate setting and i. Asset based on risk/return on asset/capital adequacy ratio,
matters relating to exposure to market and liquidity risks. etc.
j. Determination of interest rates for assets and liabilities
(including proposed and reference interest rates).
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INTERNAL AUDIT COMMITTEE
In order to ensure that Management is aware of all internal audit findings that require Management’s attention, Maybank Indonesia
established an Internal Audit Committee (IAC). The Internal Audit Committee also discusses the impact and implications of the findings
on the Bank, follows up on all significant internal audit findings and monitors and ensures that all improvement commitments are
implemented in a timely manner.
Internal Audit Committee Charter
The Internal Audit Committee Charter is set out in the IAC Charter which was last updated in December 2023.
Structure and Membership
Structure Position Holders
Chair Director of Finance
Member a. Director of Risk Management / Substitute ¹
b. Director of Community Financial Services / Substitute ²
c. Director of Legal, Compliance & Corporate Secretary & Anti-Fraud/ Substitute ³
d. Director of Human Capital / Substitute ⁴
e. Director of Operations / Substitute ⁵
f. Director of Information Technology / Substitute ⁶
g. Head, Community Distribution / Substitute ⁷
h. Head, Local Corporate and Multinationals / Substitute ⁸
Fixed Invitation Head, Internal Audit (SKAI)
Secretary Strategic Operations, Head (SKAI)
1 Head, Operational Risk & Business Continuity/Head, Enterprise Risk Management
2 Head, Business Banking/Head, RSME Banking/Head, SMEPlus Banking/Head, Quality Assurance, Segment, Strategy & QA
3 Head, Corporate Legal & Litigation/Head, Compliance Monitoring & Training 1/ Head, Compliance Monitoring & Training 2
4 Head, Business Human Capital 2
5 Head, Branch Control Operations/Head, Operation Processing Center
6 Head, IT Governance & Planning & Project Management
7 Head, Premises, Branch Planning & Infrastructure Management
8 Head, Public Sector/Head, Embedded Risk Unit/Head, NBFI Relationship Management/Head, LC/MNC Relationship Management
Duties and Responsibilities
Meeting Policy
• The Internal Audit Committee holds regular meetings with a schedule that is adjusted to the Audit Committee meetings.
• The Chairman of the Committee will chair the meeting. If the Chairman is absent, the Director of Risk Management will chair the
meeting.
Meeting Quorum
Provisions regarding quorum requirements in Internal Audit Committee meetings are as follows:
• To fulfill the quorum requirement, each Internal Audit Committee meeting is attended by at least 5 (five) Committee members, of
which at least 2 (two) are Directors.
• Membership automatically applies to Acting/Pjs/Care Taker Head position holders.
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Internal Audit Committee Meeting 2023 INFORMATION AND TECHNOLOGY
In 2023, the Internal Audit Committee held 10 meetings, where STEERING COMMITTEE
all meetings have met the quorum requirements as specified in Referring to POJK No.11/POJK.03/2022 dated 7 July 2022 on
the IAC Charter, with the agenda including the following: the Implementation of Information Technology by Commercial
1. Discussion of internal audit reports issued during the period Banks and SE OJK No. 21/SEOJK.03/2017 dated 6 June 2017
of November 2022 to October 2023. regarding the Implementation of Risk Management in the Use
2. Presentations from related units regarding the status of of Information Technology by Commercial Banks, the IT Steering
follow-up on internal audit recommendations that require Committee is required to have an IT Steering Committee Charter.
Management’s attention.
3. Monitoring the status of follow-up on internal audit findings. Membership and Invitation to the IT Steering Committee:
4. Discussion of requests for changes to the deadline for I. IT Steering Committee members and who have voting rights:
fulfilling commitments to internal audit recommendations 1. President Director – Chairman
submitted by related units. 2. Director, Information Technology – Co Chairman
3. Director, Finance
Task Implementation and Work Program Realisation 2023 4. Director, Risk Management
5. Director, Operations
No. Work Program Realisation
6. Director, Global Banking
1 Internal Audit Committee Meeting 12 January 2023
7. Director, Community Financial Services
2 Internal Audit Committee Meeting 14 February 2023 8. Director, Legal, Compliance, Corporate Secretary & Anti
3 Internal Audit Committee Meeting 16 March 2023 Fraud
4 Internal Audit Committee Meeting 13 April 2023 9. Director, Human Capital
5 Internal Audit Committee Meeting 13 June 2023
II. Permanent invitees to the IT Steering Committee
6 Internal Audit Committee Meeting 14 July 2023
1. Chief of Satuan Kerja Audit Intern
7 Internal Audit Committee Meeting 16 August 2023 2. Chief Information Security Officer
8 Internal Audit Committee Meeting 13 September 2023 3. Head, IT Architecture, Digital Delivery & Operation
9 Internal Audit Committee Meeting 18 October 2023 4. Head, IT Community Financial Services Delivery &
10 Internal Audit Committee Meeting 15 November 2023 Operation
5. Head, IT Global Banking Delivery & Operation
6. Head, IT Analytics, Reporting & Corporate Delivery
7. Head, IT Infrastructure & Operation
8. Head, IT Governance, Planning & Project Management
9. Head, IT Security
10. Head, Digital Office
11. Head, Digital Liabilities & Payment, Onboarding
In addition to regular invitations, the IT Steering Committee
can also invite other officials related to the subject matter to be
presented at the IT Steering Committee meeting.
To fulfill the IT Steering Committee meeting quorum required
if at least 5 (five) of the IT Steering Committee members are
attended with the provision that the Chairman or Co-Chairman
must be present in the meeting.
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Authority and Responsibility of Information and g. Monitoring of IT performance, and efforts to improve it
Technology Steering Committee for example by detecting IT obsolescence and measuring
The authority and responsibility of the IT Steering Committee the effectiveness & efficiency of IT security policy
is to provide recommendations to the Board of Directors which implementation.
include: h. Resolving various IT-related problems that cannot be
a. Information Technology Strategic Plan that is in line resolved by the IT user and organiser work units effectively,
with the Bank’s corporate plan. In terms of providing efficiently and in a timely manner.
recommendations, the IT Steering Committee pays attention i. Adequacy and allocation of the Bank’s resources. In the event
to the factors of efficiency, effectiveness and the following that the resources are inadequate and the Bank will use the
matters: services of other parties in the implementation of IT, the
• Implementation plan (road-map) to achieve IT IT Steering Committee must ensure that the Bank has the
requirements that support the Bank’s business strategy. necessary policies and procedures.
The road-map consists of the current state, the future j. Evaluate and approve the implementation of IT projects that
state and the steps that will be taken to achieve the require an investment of more than 1 billion rupiah.
future state.
• Resources needed. Duties Implementation 2023
• Advantages/benefits to be gained when the plan is Throughout 2023, the IT Steering Committee has carried out the
implemented. following duties, among others:
• Obstacles that may arise in implementing the IT • Conduct regular meetings to discuss important/urgent issues
Strategic Plan. effectively and efficiently in accordance with the authority
b. Formulation of key IT policies, standards and procedures and responsibilities that have been determined.
such as IT security policies and risk management related to IT • Provide recommendations to Management in terms of
usage in the Bank. establishing the Bank’s strategic plan related to IT that
c. Conformity between IT development plans/projects with is in line with the Bank’s business plan including the
the IT strategic plan including the suitability of measures to establishment of a road map, and the adequacy of the
mitigate risks. The IT Steering Committee also determines necessary resources.
the priority status of IT projects that are critical (significant • Provide recommendations to Management in the
impact on the Bank’s operational activities) such as the formulation of key IT policies and procedures.
replacement of core banking applications, production servers • To monitor the progress and conformity of the
and network topology. implementation of IT projects both with the project plan and
d. Conformity between IT development/project implementation the established SLA.
and the agreed IT development/project plan (project • Provide advice/views to Management regarding measures to
charter). The IT Steering Committee should supplement minimise the risk of IT investments made by the Bank.
recommendations with analytical results of key IT projects to • Present a report on the state and condition of information
enable the Board of Directors to make efficient decisions. technology systems used by the Bank, in terms of security,
e. Conformity between IT compliance with the needs of availability, capacity and compatibility with the technology
management information systems that support the functions determined and used by the Bank as a whole.
management of the Bank’s business activities.
f. Evaluation of the effectiveness of the Bank’s IT costs/
investments towards the contribution/achievement of
benefits as planned.
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INTEGRATED RISK MANAGEMENT COMMITTEE
The Integrated Risk Management Committee (IRMC) is responsible for recommending an integrated framework or policy to identify,
measure, monitor, manage and control all significant risk factors to the Bank’s Board of Commissioners as the Main Entity for evaluation
and approval.
Structure and Membership
Chair Risk Management Director Bank Maybank Indonesia (MBI)
Alternate Chair/Member President Director of Bank Maybank Indonesia (MBI) or Director of Bank Maybank Indonesia (MBI) who is
Member Director Level
1. Maybank Indonesia: President Director (alternate : Global Banking Director)
2. Maybank Sekuritas Indonesia : President Director (alternate : Operation/Finance Director)
3. Maybank Asset Management: President Director (alternate: Director)
4. Maybank Indonesia Finance: President Director (alternate: Operation Director)
5. Wahana Ottomitra Multiartha: President Director (alternate: Risk Management Director)
6. Asuransi Etiqa Internasional Indonesia: President Director (alternate: Finance Director/Technical
Director)
Executive Officer Level
1. Maybank Indonesia: Head, Enterprise Risk Management
2. Maybank Sekuritas Indonesia: Head, Risk Management (alternate: Head, Compliance)
3. Maybank Asset Management: Head, Compliance & Risk Management (alternate: Head, Risk
Management)
4. Maybank Indonesia Finance: Head, Risk Management (alternate: Head, Legal & Compliance)
5. Wahana Ottomitra Multiartha: Head, Risk Management (alternate: Operational Risk & Enterprise Risk
Management, Dept.Head)
6. Asuransi Etiqa Internasional Indonesia: Head, Risk Management (alternate: Manager, Compliance)
Fixed Invitation 1. Head, Market, Liquidity & Treasury Credit Risk Management MBI
2. Head, Operational Risk & Business Continuity MBI
3. Head, Credit Risk Management MBI
4. Head, Non Retail Credit Policy & Strategic Risk Management MBI
5. Head, Retail Credit Portfolio & Policy MBI
6. Head, Compliance MBI
7. Head, Internal Audit MBI
Invitation Internal parties within Maybank Indonesia Financial Conglomeration who are requested to attend the
Integrated Risk Management Committee meeting
Quorum Meetings of this Committee can only be held when attended by:
1. Chairman; and
2. At least 7 members/more than 50% of total members
Meeting Frequency Quarterly (4 times a year)
Secretary Head, Enterprise Risk Management MBI
Duties and Responsibilities
Roles and responsibilities:
1. Review and recommend strategies, governance, framework/policies, risk tolerance and risk appetite limits related to Integrated Risk
Management for approval by the Board of Commissioners of the Primary Entity.
2. Review, provide input, and assess the adequacy of the Integrated Risk Management framework/policy in identifying, measuring,
monitoring, and controlling risks as well as its effectiveness.
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Special duties: CREDIT COMMITTEE
1. Review periodic reports on risk exposure, risk portfolio The Bank established a Credit Committee to support the process
composition, and risk management of each entity (Enterprise of loan lending and program products in due regard to the
Risk Dashboard - ERD). four-eyes principles. The purpose of the Credit Committee is to
2. Reviewed the impact of risks on capital adequacy, evaluate and make decisions on the following matters:
profitability, and asset quality under stress scenarios, a. Loan proposals including FX and Derivative facilities (either
and recommended follow-up actions to the Board of new, additional, or renewals).
Commissioners of the Lead Entity. b. Purchase/Sale marketable securities
3. Reviewed and recommended to the Board of Commissioners c. Other approval memos (changes of the loan structure; loan
of the Primary Entity on strategic measures arising from amount; tenure, term and condition; collateral/ security;
regulatory rules that impact on the implementation of pricing; and others).
Integrated Risk Management. d. Interbank limits
4. Review and recommend corrective measures to address e. Adjustment over internal rating results.
risk issues as submitted by regulators related to the f. Post approval monitoring.
implementation of Integrated Risk Management. g. Credit application proposed by MBI Mumbai branch (for KK1)
5. Reviewed and assessed the adequacy of processes, h. Loan proposal on related parties Bank (for KK1)
information systems and internal control systems of i. Other matters required by Credit Committee
Integrated Risk Management and its mitigation measures.
6. Provide oversight and strategic direction for significant risk Duties and Responsibilities
issues (including but not limited to significant risks due to a. The Credit Committee approves or rejects non-retail
new products and initiatives) and ensure such tasks receive segment credit, RSME, Mortgage, and Joint Financing
the necessary support and priority across Maybank Indonesia applications, especially the provision of Joint Financing limits
Financial Conglomerate as well as alignment with the to multifinance companies.
direction and objectives of Maybank Group. b. Complying with and following all provisions of the Credit
7. Carry out other responsibilities such as improving the Risk (CRF), Level 2 Credit Policy (2a and 2b), Credit SOP
implementation of Integrated Risk Management as may be (Level 3), and Circular Letter as well as applicable Bank
delegated to the Integrated Risk Management Committee by Indonesia (BI)/FSA regulations and laws relevant to
the Board of Commissioners of the Primary Entity from time government laws and regulations.
to time. c. Coordinating with the Assets and Liabilities Committee in
terms of credit funding.
Duties Implementation Year 2023
During 2023, some of the duties of the Integrated Risk
Management Committee included the following:
• Periodic review of the Terms of Reference of the Integrated
Risk Management Committee
• Periodic review of the Integrated Risk Appetite Statement
(RAS) including its monitoring
• Periodic review of the Integrated Risk Management
Implementation Policy
• Periodic review of Integrated Capital Contingency Plan
• Periodic review of Integrated Capital Management
Framework
• Monitoring of Integrated Enterprise Risk Dashboard (ERD)
• Results of Integrated Risk Profile Assessment including its
reporting
• Monitoring and reporting of Integrated Minimum Capital
Adequacy on a regular basis
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Structure and Membership
Structure Credit Committee (CC) 1 Credit Committee (CC) 2
Chairman President Director Director of Risk Management
Alternate Chairman Director of Risk Management Head, Credit Risk Management
Members - President Director - Global Banking Director
- Global Banking Director - CFS Director
- CFS Director - Risk Management Director
- Risk Management Director - Head of Credit Risk Management
- Head of Credit Risk Management - Head of Shariah Banking
- Head of Shariah Banking - Head of related LOB
- Head of related LOB - Regional Director
- Regional Director
Meeting Quorum Chairman + 2 Business Directors Chairman + 2 Business Directors
Permanent Invitees Representative of Business Unit 1 level below the Director
Non-Permanent Invitees Based on Committee needs
Duties Implementation of in 2023
During 2023, the Credit Committee performed the following duties:
• Providing approval and rejection of applications of non-retail and mortgage segment loans carried out pursuant to prevailing
regulations.
• Ensured that the Bank always complies and follows all provisions of the Credit Risk Framework (CRF), Level 2 Credit Policy (2a
and 2b), Credit SOP (Level 3), and Circular Letter as well as applicable Bank Indonesia (BI)/FSA regulations and laws relevant to
government laws and regulations.
• Coordinate with the Assets and Liabilities Committee in terms of credit funding aspects
CREDIT POLICY COMMITTEE c. To monitor and evaluate:
Credit Policy Committee (CPC) is a committee established by i. The overall development and quality of the credit or
and responsible to Board of Directors (BOD) to assist the Board financing portfolio;
of Directors in carrying out risk management functions related to ii. The appropriateness of the implementation of the credit
credit or financing. or financing approval authority;
iii. The appropriateness of the granting process,
The purpose of CPC is to assist BOD in developing policy, improvement, and quality of credit or financing to Bank's
overseeing the implementation of policies, and monitoring the related parties and certain large debtors;
development and condition of the credit or financing portfolio, as iv. The appropriateness of the implementation of the Legal
well as to provide suggestions for improvement. Lending Limit (LLL);
v. Compliance to the laws and other regulations in the
Duties and Responsibilities implementation of credit or financing granting;
a. To provide input to the BOD in the development of the Bank's vi. Settlement of non-performing loans in accordance to the
Credit Policy (BCP), especially in regard to the formulation of stipulation in the BCP; and
prudential principles in credit or financing. vii. The Bank's efforts to fulfill the adequacy of the allowance
b. To monitor the implementation of the BCP to ensure that for credit or financing losses.
it is applied and executed consistently and consequently. e. To provide suggestion on corrective action to the BOD with a
Formulate solutions in case of obstacles or constraints in the copy to the BOC on matters related to point d; and
implementation of the BCP. The CPC also conducts periodic
reviews of the BCP and provides recommendations to the
management in case changes or improvements to the BCP are
needed, and
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f. In the event of any deviation in the implementation of the BCP related to the fulfillment of sharia principles, the report shall also be
submitted to the sharia supervisory board.
g. To provide ratification on materials that have been presented in other meetings and require CPC approval.
h. To approve materials that require ROC recommendations to be sought for BOC approval.
i. To perform other responsibilities delegated by the BOD and Risk Oversee Committee (ROC).
Structure and Membership
Member
Chairman President Director
Vice Chairman/ Members Risk Management Director
Members - Finance Director
- Global Banking Director
- Community Financial Services (CFS) Director
- Legal, Compliance, Corporate Secretary & Anti-Fraud Director
- Head, Internal Audit (SKAI)
- Head, Credit Operation
Permanent Invitees - Head, Enterprise Risk Management
- Head, Credit Risk Management
- Head, Retail Credit Portfolio & Policy
- Head, Non Retail Credit Policy & Strategic Risk Management
- Head, Operational Risk & Business Continuity
- Head, Market, Liquidity & Treasury Credit Risk Management
Non-Permanent Invitees Bank Maybank Indonesia Group internal parties
Catatan: struktur keanggotaan KKP sesuai persetujuan rapat Dewan Direksi bulan Januari 2024.
Duties Implementation in 2023
Up to 2023, the functions and responsibilities of the CPC were carried out within the Risk Management Committee (RMC), where
discussions of CPC-related agendas were conducted in concurrently with RMC meetings.
Furthermore, in December 2023, the CPC function was segregated into a separate committee, with membership structure approved by the
Board of Directors. The first meeting of the CPC, as a separate committee, was held in January 2024.
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CREDIT RESTRUCTURING COMMITTEE
The Bank established a Credit Restructuring Committee in order to support the credit rescue and settlement process with due regard to
prudential principles and the application of the four-eyes principles.
Structure and Membership
Credit Restructuring Committee Credit Restructuring Committee Credit Restructuring
Structure
(CRC) 1 (CRC) 2 Committee (CRC) 3
Chairman President Director Risk Management Director Head, Credit Risk Management
Alternate Chairman Risk Management Director Head, Credit Risk Management Head, Credit Review CFS
Member - President Director - Risk Management Director - Head, related LOB
- Risk Management Director - Global Banking Director - Head, Credit Risk Management
- Global Banking Director - CFS Director - Head, Credit Review CFS
- CFS Director - Finance Director (CFO) - Head, CFS Non Retail Credit
- Finance Director (CFO) - Head, Credit Risk Management Process or Head CFS Business
- Head, Credit Risk Management - Head, related LOB or Head, SME Approval
- Head, related LOB or Head, SME & Consumer Collection or Head, - Head Shariah Banking
& Consumer Collection or Head, GB & BB Remedial - Regional Director
GB & BB Remedial - Head Shariah Banking
- Head Shariah Banking - Regional Director
- Regional Director
Meeting Quorum Chairman + 2 Business Directors Chairman + 2 Business Directors Chairman
+
Permanent Invitee Business unit representative 1 level below Director
Head, CFS Non Retail Credit
Process atau Head, CFS Business
Approval
+
Head, Related LOB
Non-Permanent Invitee As needed by the committee
Duties and Responsibilities
a. The Credit Restructuring Committee approves or rejects applications for settlement and rescue of non-performing loans/securities.
b. Comply with and follow all provisions of the Credit Risk Framework (CRF), Credit Policy Level 2 (2a and 2b), Credit SOP (Level 3), and
Circular Letter as well as applicable Bank Indonesia (BI)/OJK regulations and related laws and government regulations.
Duties Implementation in 2023
Throughout 2023, the Credit Restructuring Committee carries out duties which includes providing approval and rejection of requests
for settlement and rescue of non-performing loans/securities. The Credit Restructuring Committee also ensured that the Bank always
complied with and follows all provisions of the Credit Risk Framework (CRF), Credit Risk Framework (CRF), Credit Risk Framework (CRF),
Credit Policy Level 2 (2a and 2b), Credit SOP (Level 3) and Circular Letter as well as applicable Bank Indonesia (BI)/OJK regulations and
other relevant laws and government regulations.
In addition, the Credit Restructuring Committee evaluates and makes decisions on the following agendas:
a. Loan restructuring in the context of credit rescue, including FX and Derivative facilities.
b. Acquisition or transfer of Assets/Guarantees (asset settlement/AYDA).
c. Sale/Transfer of Loans, Securities and Foreclosed asset (asset disposal).
d. Write-off and write-off.
e. Updating debtors handled by the Remedial team and debtors included in the credit restructuring program.
f. Other approval memos (changes to loan structure; loan amount; term; terms and conditions; collateral/collateral; pricing; etc.).
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IMPAIRMENT COMMITTEE
The Bank established an Impairment Committee to assist supervisory function over the establishment of allowance for impairment
losses of loans and securities portfolio in accordance with the PSAK and prevailing internal policy. The establishment of the Impairment
Committee has been approved by the Board of Directors through the Board of Directors Meeting dated January 21, 2015.
Objectives
To supervise the financial implications of impairment on loans and securities in accordance with PSAK and related internal prevailing
policy.
Structure and Membership
Member
Chairman Director of Finance
Member – Business Unit Global Banking
Global Banking Director
Head, GB Business Planning & Performance Management
Community Financial Services
Community Financial Services Director
Head, Business Banking
Head, SME Plus Banking
Head, RSME Banking
Head, Consumer
Head, CFS Business Planning & Analytics
Member – Risk Management Risk Management Director
Head, Credit Risk Management
Head, Retail Credit Policy and Portfolio Management
Head, Global Banking and Business Banking Remedial
Head, SME & Consumer Collection
Member - Finance Head Finance & Accounting
Head Financial Planning, Performance Management and Investor Relation
Secretariat
Secretariat Head Accounting Policy and Project
Duties and Responsibilities
1. Conduct reviews on loan and securities accounts, especially those with credit limits above Rp15 billion, which experiencing
significant increase in credit risk and or/ impaired.
2. Conduct reviews, assess and carry out tests on the fairness and adequacy of allowance for impairment losses for loan and securities
that experiencing significant increase in credit risk and/or impaired to compliance with the prevailing PSAK, including the
reclassification of loans and securities that no longer meet the criteria of significant increase in credit risk and/or impaired, and the
assumptions used in calculating allowance for impairment losses.
3. To ratify the amount of allowance for impairment losses for loans and securities that experiencing significant increase in credit risk
and or/impaired.
4. Reviewing the implications of other changes related to allowance for impairment losses that have an impact on financial statements,
such as updating LGD and FL Scalar or changes in PD, FL, EAD and LGD methods and models as per related prevailing internal policy.
5. Conduct reviews on proposed mitigation of impaired from business unit.
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HUMAN CAPITAL COMMITTEE Composition of the Human Capital Committee
Maybank Indonesia established Human Capital Committee a. President Director as Chairman and Member
to review and change Human Resources (HR) policies on an b. Human Capital Director as Member
ongoing basis. This HR policy review and change is also an effort c. Director of Community Financial Services as Member
to realise the implementation of Good Corporate Governance d. Global Banking Director as Member
through control mechanisms and implementation of strategic e. Finance Director as Member
policies, including in the fields of Learning and Development, f. Operations Director as Member
Compensation and Benefit, Talent Management and other g. Risk Management Director as Member
strategic areas. h. Director of Legal, Compliance & Corporate Secretary as
Member
The Bank also optimises its supervisory and advisory functions i. Information Technology Director as Member
to provide strategic direction and make important decisions, j. Human Capital Executive as Secretary/Writer
develop new policies towards better HR empowerment and
support the Bank’s business development, and resolve key HR Duties and responsibilities of the Human Capital
issues that have financial and/or reputational risk implications Committee
for the Bank. a) Provide strategic direction by considering strategic Human
Capital policies and directions to support the organisational
Objective activities and business development of the Bank and its
The Human Capital Committee aims to assist the Board of human resources.
Directors in reviewing and providing strategic direction in b) Make decisions for Executive Officers and organise
the field of human resources of Maybank Indonesia and its development programs for Executive Officers and talent
subsidiaries, including but not limited to: employees.
a) General policy on employment c) Provide direction and make strategic decisions on policies
b) Employee remuneration and benefits (salary increases, related to Human Capital.
bonuses, retention programs, benefits, etc.)
c) Performance Appraisal Management Human Capital Committee Activities 2023
d) Talent Management (talent identification, succession Throughout 2023, the Human Capital Committee met 8 times,
planning, talent development programs, etc.) with agenda discussions covering strategic policy matters
e) Employee training and development program framework and including Learning and Development, Compensation and Benefit,
plan Talent Management and other strategic areas.
f) Organisational structure and ranks
g) Development of a good working climate
h) Development of corporate culture
i) Employee relationship development and engagement
j) HR policy alignment and synergy with subsidiaries
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HUMAN CAPITAL Authority
DISCIPLINARIAN COMMITTEE • In providing recommendations on the type of sanctions, the
The Human Capital Disciplinarian Committee is a committee Human Capital Disciplinarian Committee must still refer to
formed to review and provide decisions related to sanctions, all applicable laws/regulations.
which are related to violations/errors as stipulated in the • Determine ratification (endorsement) of the
provisions governing sanctions and/or fraud and/or other recommendation/sanction decision in the following cases:
violations/errors that have not been regulated or require analysis 1) Sanction recommendations submitted by the Work Unit
from several expert views (sources) to employees at all levels on the occurrence of violations determined based on the
and/or positions. results of the examination from the relevant Work Unit
are supported by complete and accurate evidence.
Committee Composition 2) There are similar types of violations in the Audit Report
The composition of the Committee is as follows: and Investigation Report, where one of these reports
• Chairman: Director of Human Capital has been reviewed and sanctions decided in the previous
• Secretary: Head of Employee Relations and Health Safety Committee Meeting.
• Permanent Member: 3) The Human Capital Discipline Committee can give a
- Employee Relations Head warning to either the relevant work unit or Human
- Head of related work unit Capital - Employee Relations & Health Safety that does
- Head of Business related Human Capital not follow up on the decision that has been determined,
• Resource persons and/or invitees: and include the warning in the monitoring and evaluation
- Work Unit Financial Crime Compliance & National Anti report that will be submitted to the Board of Directors.
Fraud (FCC & NAF)
- Internal Audit Unit (SKAI) Implementation of Sanctions
- Work Unit Operation Risk & Business Continuity • Implementation of sanctions or other actions decided by
- Work Unit General Legal Counsel the Human Capital Disciplinarian Committee, must be
- Work Unit Compliance Monitoring & Training implemented no later than 7 (seven) working days after
- Other necessary work units the Human Capital Disciplinarian Committee’s decision as
outlined in the Minute of Meeting (MoM) is signed.
Duties and Responsibilities of the Human Capital • The relevant Business Human Capital must immediately
Disciplinarian Committee coordinate the Head of the Work Unit to carry out sanctions
• Analyze/review the plan for sanctioning employees who based on the results of the Human Capital Disciplinarian
commit the following types of violations: Committee’s decision on employees who commit violations,
1) Violation of the Code of Ethics and Code of Conduct; or except for sanctions in the form of Termination of
2) Integrity violations; or Employment, Business Human Capital must immediately
3) Fraud; or coordinate with Human Capital - Employee Relations &
4) Procedural violations or rule violations that have a Health Safety regarding its implementation.
significant financial and/or reputational impact on the
Bank; or 2023 Human Capital Disciplinarian Committee Meeting
5) Violations with direct superiors / Heads of Work Units During 2023, the Human Capital Disciplinarian Committee
who potentially have a conflict of interest with the case Meeting was held 7 (seven) times with the agenda to discuss and
or sanction decision. decide on sanctions in 22 (twenty two) cases.
This is based on:
1) Report of Investigation Results (LHI) from the Anti Fraud
(AF) Work Unit; or
2) Audit Report (LHA) from the Internal Audit Work Unit
(SKAI).
• Provide a decision to the relevant work unit, in the form of
the type of sanction that will be imposed on employees who
commit violations.
• Monitoring and evaluating the follow-up to the
implementation of decisions that have been made.
• Submit a report on the results of monitoring and evaluation,
to the Board of Directors periodically.
• Conduct quarterly reviews of violations and sanctions
imposed on employees during a certain period.
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TRANSFORMATION STEERING COMMITTEE
The Board of Directors has established a Transformation Steering Committee (TSC) to oversee the implementation of the Bank's
strategic development initiatives. This formation is in response to the rapid evolution of the financial services industry, especially in
banking, aiming to effectively manage the execution of increasingly complex development initiatives. The Transformation Steering
Committee is also tasked with ensuring that these strategic initiatives are managed and executed efficiently and effectively.
Purpose
The purpose of the Transformation Steering Committee is to assist the Board of Directors in its duty to guide and oversee efforts in
designing, implementing, and managing the Bank's strategic initiatives. This is undertaken with the goal of boosting performance
and competitiveness, thereby effectively navigating the challenges and opportunities presented by the constantly evolving business
landscape.
Structure and Membership
Member
Chair President Director
Member Risk Management Director/Alternate*1)
Member Finance Director/ Alternate*2)
Member Global Banking Director /Alternate*3)
Community Financial Services (CFS)
Member
Director /Alternate*4)
Legal, Compliance & Corporate Secretary Director
Member
/Alternate*5)
Member Operations Director /Alternate*6)
Member Human Capital Director /Alternate*7)
Member IT Director /Alternate*8)
Member Head, Strategy & Transformation Office
Permanent Invitee
Permanent Invitee Head, Community Distribution
Permanent Invitee Head, Digital Banking
Permanent Invitee Head, Pricing & Data Analytics
Permanent Invitee Initiative Owner & Transformation Delivery Team
(TDT) Leads
Non-permanent Invitee
Non-permanent Invitee Bank Maybank Indonesia Group internal parties
Secretary
Secretary Transformation Management Office
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Alternate g. Facilitating communication clearly and consistently within
*1) Head, Non Retail Credit Policy & Strategic Risk Management the organisation and with external stakeholders;
*2) Head, Financial Planning Performance. Management & Inv. h. Determining the scope, schedule, and expected outcomes for
Relation transformation initiatives, including success criteria;
*3) Head, Business Planning, Performance, dan Embedded Risk i. Approving new initiatives and making decisions on their
Unit (ERU) continuation, modification, or termination;
Head, Local Corporate & Multinationals
j. Approving changes in scope and expected outcomes of
*4) Head, CFS Non-Retail Credit Process
Head, CFS Retail Credit Process
Transformation initiatives.
Head, Business Planning k. Confirming the organisational structure and membership for
*5) Head, Compliance transformation initiatives;
Head, Anti-Fraud l. Issuing recommendations and approvals for the budget of
Head, Corporate Legal & Litigation
transformation initiatives;
*6) Head, Operation Processing Center m. Offering guidance and consent for the appointment
Head, Branch Control Operations
of external parties to assist in the implementation of
*7) Head, Business Human Capital
transformation initiatives.
*8) Head IT Architecture, Governance & Planning n. Agree changes to the scope and expected outcomes of
Head IT Infrastructure and Operation
Transformation initiatives.
Roles and Authorities Implementation of Transformation Steering Committee
a. Providing strategy direction to ensure the alignment of Duties during 2023
transformation with the bank's long-term goals; Throughout 2023, the Transformation Steering Committee
b. Overseeing the integration of new technology and digital convened a total of 10 times, with agenda discussions that
innovation to enhance banking operations and customer included monitoring the implementation of developments,
service; providing recommendations, and overseeing the outcomes of
c. Managing operational changes to increase efficiency, ongoing strategic initiatives.
productivity, and service delivery;
d. Maintaining financial discipline and ensuring effective
resource allocation throughout the transformation process;
e. Guiding risk management and compliance efforts to adhere
to regulatory standards and minimise operational risks;
f. Leading human resources strategy and change management
to support staff through transitions and promote continuous
improvement culture;
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Corporate Secretary
PT Bank Maybank Indonesia, Tbk. ("Maybank Indonesia") Legal Basis Of The Appointment Of The Corporate
consistently fosters and maintains good communication Secretary
with regulators, investors, capital market participants, and Muhamadian was appointed as the Corporate Secretary of
the general public. In this regard, Maybank Indonesia has a Maybank Indonesia through Board of Directors Decision No.
Corporate Secretary who plays a vital role in facilitating seamless SK.2023.002/DIR COMPLIANCE dated 21 March 2023. The
communication between the bank and stakeholders while appointment of the Corporate Secretary has been reported
ensuring the timely and accurate distribution of information to to the Financial Services Authority and the Indonesia Stock
all stakeholders. Any information conveyed by the Corporate Exchange through Letter No. S.2023.045-046/MBI/DIR
Secretary to the public is official information from the Bank as an COMPLIANCE-Corporate Secretary dated 24 March 2023, and
Issuer or Public Company. published on the Bank's website (www.maybank.co.id) and the
Indonesia Stock Exchange website on 24 March 2023.
Profile Of The Corporate Secretary
Term Of Office Of The Corporate Secretary
Muhamadian serves as the Corporate Secretary effective from 21
March 2023.*
Note:
*) During the period from21 January 2023, to 20 March 2023,
Maybank Indonesia appointed Esti Nugraheni (54 years
old, residing in Jakarta) as the Acting Corporate Secretary,
Muhamadian, 55 years old, resides in Jakarta. replacing Harris P. Simanjuntak, who previously served as the
Corporate Secretary of Maybank Indonesia and passed away
Muhamadian serves as the Corporate Secretary of Maybank on 20 January 2023. The legal basis for the appointment of
Indonesia. He joined Maybank Indonesia in 2018 as the Legal, Esti Nugraheni as the Acting Corporate Secretary is Board
Compliance, Corporate Secretary & Anti-Fraud Director. of Directors Decision No. SK.2023.001/DIR COMPLIANCE
dated 24 January 2023. The appointment has been reported
Muhamadian holds a Bachelor of Science in Business to the Financial Services Authority and the Indonesia Stock
Administration from the State University of New York at Buffalo, Exchange through Letter No. S.2023.008-009/MBI/DIR
USA. He also attended the Strategic Leadership Programme at COMPLIANCE-Corporate Secretary and published on the
the University of Oxford, Said Business School, England. Bank's website (www.maybank.co.id) and the Indonesia Stock
Exchange website.
As the Corporate Secretary, he acts as the liaison between
Maybank Indonesia and the Capital Market Authority, Bank
Indonesia, the Indonesia Stock Exchange, and other relevant
institutions. He monitors Maybank Indonesia's compliance
with capital market regulations and ensures that the Bank's
management understands changes and their implications.
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2023 Training and Course of Corporate Secretary
No. Date Training & Course Organiser
1 31 January 2023 Opening of Trading by the Indonesia Stock Exchange Indonesia Stock Exchange ("IDX")
(IDX) in Conjunction with the Launch of the Indonesian
Capital Market Roadmap 2023-2027 and Appreciation
for the Assessment Results of the ASEAN Corporate
Governance Scorecard (ACGS) 2021
2 31 January 2023 Socialisation: SEOJK Number 33/SEOJK.04/2022 Financial Services Authority ("FSA")
regarding the Guidelines for the Implementation of
Securities Offerings that are Not Public Offerings
3 14 February 2023 Socialisation: FSA
APOLO - Module on Reporting by Public Accountant/
Accounting Firm (PA/AF) Professionals
4 15 February 2023 Discussion: IDX
One-on-One Meeting on the ASEAN Corporate
Governance Scorecard (ACGS) for the Year 2023
5 22 February 2023 Socialisation: National Committee on
General Guidelines for Corporate Governance in Governance Policy ("KNKG")
Indonesia and the Implementation of the 2022 Annual
Report Award
6 20 – 23 February 2023 Training: Indonesian Archivists Association
Technical Competence in Archiving (PKTK) National & Archival Education and Training
Archives and Company Documents Foundation (YPPK)
7 27 February 2023 Hearing: BEI
Concept of Stock Splitting and Reverse Stock Splitting
by Listed Companies Issuing Equity Securities as per
IDX Regulation No. I-I
8 12 April 2023 Socialisation: KNKG & IDX
"Socialisation of the 2022 Annual Report Award"
9 22 June 2023 Seminar: FSA
Understanding Further the Regulation of the Law on the
Development and Strengthening of the Financial Sector
for the Strengthening of the Banking Sector
10 26 June 2023 Socialisation: IDX
Regulation No. I-L on Suspension of Securities,
Regulation No. I-X on Placement of Listing of Equity
Securities on Special Monitoring Boards, and Regulation
No. II-X on Trading of Equity Securities on Special
Monitoring Boards
11 13 July 2023 Training: Indonesia Corporate Secretary
Deepening Understanding of POJK No. 42/ Association (“ICSA”)
POJK.04/2020 Regarding Affiliate Transactions and
Conflict of Interest Transactions and POJK No. 17/
POJK.04/2020 Regarding Material Transactions and
Changes in Main Business Activities
12 17 July 2023 Socialisation: PERBANAS
Submission of Reports Containing Financial Information
for the Implementation of International Agreements by
Financial Services Institutions
13 20 July 2023 Seminar: FSA
Understanding Further the Regulation of the Law on the
Development and Strengthening of the Financial Sector
for the Strengthening of the Capital Market Sector
14 25 July 2023 Socialisation: FSA
SPRINT Module for Assessing Competency and
Suitability (PKK) of Conventional Commercial Banks
and Representative Offices of Foreign Banks
15 27 July 2023 Seminar: KPEI
Refreshment on the Concept and Mechanism of
OTC SBNT Derivative Transactions through CCP and
Presentation of the Latest Developments related to
SBNT OTC Implementation.
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No. Date Training & Course Organiser
16 1 August 2023 Seminar: FSA
Socialisation of POJK No. 9 of 2023 regarding the Use
of Public Accountant Services and Public Accountant
Offices in Financial Services Activities
17 2 August 2023 Training: Indonesia Corporate Secretary
Law No. 27 of 2022 on Personal Data Protection and the Association (“ICSA”)
Role of Corporate Secretary
18 8 August 2023 Workshop: IDX
Potential Growth of Companies through Sukuk Issuance
19 10 August 2023 46th Anniversary of the Reactivation of the Indonesian FSA, IDX and KSEI
Capital Market
20 22 August 2023 Seminar: FSA
Compliance Refreshment for Issuers and Public
Companies
21 19 September 2023 Socialisation: FSA
POJK on Governance Application for Commercial Banks
22 21 September 2023 Seminar: FSA
Opportunities and Challenges of P2P Lending Fintech
in the Era of the Law on the Development and
Strengthening of the Financial Sector
23 6 October 2023 Seminar: IDX & Association of Indonesian
Explanation of IDX Regulation No. I-A of 2021 regarding Issuers ("AEI")
Free Float Provisions and the Use of Form E009 in the
IDXnet Reporting System
24 23 October 2023 Socialisation: FSA
OJK Regulation No. 13/POJK.04/2023 regarding Policies
in Maintaining Performance and Stability of the Capital
Market in Fluctuating Market Conditions
25 26-27 October 2023 Conducting a Focus Group Discussion (FGD): FSA
Alignment of Institutional Licensing Perceptions,
Management, and Ownership of Conventional
Commercial Banks
26 15 November 2023 Sharing Session: Corporate Legal & Litigation –
Implementation of Digital Notarisation Developments Maybank Indonesia
(Cyber Notary)
27 23 November 2023 Seminar: FSA
Understanding Further the Regulation of the Law on
the Development and Strengthening of the Financial
Sector for the Strengthening of Literacy, Inclusion, and
Consumer Protection
28 23 November 2023 Seminar: Indonesia Corporate Secretary
Deepening OJK Regulation No. 15/POJK.04/2020 on Association ("ICSA")
the Planning and Conduct of General Meetings of
Shareholders of Public Companies
29 27 November 2023 Socialisation: FSA
OJK Regulation No. 9 of 2023 regarding the Use of
Public Accountant Services and Public Accountant
Offices in Financial Services Activities
30 7 December 2023 Socialisation: FSA
Circular Letter of the Financial Services Authority No.
18/SEOJK.03/2023 regarding the Procedures for Using
Public Accountant Services and Public Accountant
Offices in Financial Services Activities (SEOJK AP KAP)
31 20 December 2023 Socialisation: FSA
Criteria for the ASEAN Corporate Governance
Scorecard (ACGS) 2023 and Preparation for the
Assessment of the ASEAN Corporate Governance
Scorecard (ACGS) 2024
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Job Description And Responsibilities Of The Corporate 3. Achieving administrative order and completeness, as well as
Secretary the security of important Bank documents.
In general, the Corporate Secretary has the following duties and 4. Fulfilling the rights of shareholders and the Bank's
responsibilities: obligations to shareholders through the Bank's compliance
1. Keeping abreast of developments in the Capital Market, with applicable laws and regulations for public banking
especially applicable regulations in the field of Capital companies.
Markets. 5. Providing adequate information to the Board of Directors
2. Providing input to the Board of Directors and Board of and/or Board of Commissioners for decision-making by
Commissioners to comply with regulations in the field of the Board of Directors and/or Board of Commissioners and
Capital Markets and corporate law. ensuring that decision-making procedures comply with
3. Assisting the Board of Directors and Board of Commissioners applicable regulations so that the resulting decisions are
in implementing corporate governance, including: valid and accountable.
• Providing information transparency to the public, 6. Proper conduct of AGMS, Board of Directors meetings, and/
including the availability of information on the Bank's or Board of Commissioners meetings, including recording the
website. proceedings of the meetings and documenting and managing
• Submitting reports to the Financial Services Authority the minutes of AGMS, Board of Directors meetings, and/or
and other regulators in a timely manner. Board of Commissioners meetings.
• Organising and documenting the Annual General 7. Proper conduct of all activities involving the Board of
Meeting of Shareholders (AGMS). Directors and/or Board of Commissioners.
• Organising and documenting meetings of the Board of 8. Proper management of documents related to the recording
Directors and/or Board of Commissioners. of share ownership in the Shareholders' Registry and Special
• Providing advice and recommendations regarding Good Registry as referred to in Article 50 of the Limited Liability
Corporate Governance (GCG) principles to management, Company Law and documents related to corporate actions.
committees, and Bank subsidiaries. 9. Obtaining up-to-date knowledge regarding developments
4. Acting as a liaison between the Bank and shareholders, in the capital markets so as to provide input/views to the
Financial Services Authority, and other stakeholders. Board of Directors and/or Board of Commissioners regarding
5. Ensuring that all corporate actions of the Bank comply with capital market regulations, especially aspects of information
applicable laws and regulations, especially Capital Market disclosure, including reporting of corporate actions by the
regulations. Bank.
6. Responsible for managing the storage of important Bank 10. Availability of internal regulations in accordance with the
documents. applicable hierarchy as references for employees in the
7. Managing the Shareholders' Registry and Bank's Special Bank's daily activities.
Registry.
8. Acting as the Secretary of the Bank's Integrated Governance
Committee. Brief Report On The Implementation Of The Corporate
9. Preparing documents and assisting in the Fit & Proper Test Secretary's Functions In 2023
process for candidates for the Board of Commissioners and/ 1. Keeping up with Capital Market Regulations and
or Directors of the Bank. providing input to the Board of Directors and the Board of
Commissioners, especially regarding the issuance of new
regulations by Capital Market authorities or the Financial
Unit Work Objectives Corporate Secretary Services Authority.
Maybank Indonesia has a Corporate Secretary Unit as a 2. Organising the Annual General Meeting of Shareholders on
supporting unit for the duties and responsibilities of the 31 March 2023, and documenting meeting minutes, AGMS
Corporate Secretary. The Corporate Secretary Unit carries out deeds, and reports to regulators and the public regarding the
obligations by providing technical and administrative support conduct of the said AGMS.
and analysis to the Board of Directors/Board of Commissioners/
Shareholders so that corporate governance can be implemented The Annual General Meeting of Shareholders (AGMS)
and executed properly. of Maybank Indonesia is conducted physically and
electronically using the Electronic General Meeting
The objectives of the Corporate Secretary Unit's work include: System Application KSEI ("eASY.KSEI") provided by PT
1. Acting as the Bank's contact person with stakeholders, Kustodian Sentral Efek Indonesia ("KSEI"), in accordance
including regulators, in connection with the Bank's status as with the provisions of Financial Services Authority
a public banking company. Regulation No. 15/POJK.04/2020 regarding the Plan and
2. Making efforts to ensure that the Bank's business activities, Implementation of General Meetings of Shareholders of
including the disclosure of information to authorities and the Public Companies, Financial Services Authority Regulation
public, are conducted in accordance with applicable laws and No. 16/POJK.04/2020 regarding the Implementation of
regulations concerning the Bank's status as a Public Banking
Company.
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General Meetings of Shareholders of Public Companies 10. Reviewing the Bank's website and providing input on
Electronically, KSEI Regulation No. XI-B regarding Procedures information that must be disclosed to the public.
for Holding General Meetings of Shareholders Electronically 11. Providing information transparency to the public by
accompanied by Voting through the Electronic General providing information on the website and reporting to
Meeting System KSEI ("eASY.KSEI"), and Article 11 paragraph the Indonesia Stock Exchange and the Financial Services
1 of the Company's Articles of Association. Authority any material information that is expected to affect
3. Organising a Public Presentation on 23 May 2023, to fulfill investors or securities prices on the Exchange.
the obligation of disclosing information to the public based 12. Providing services for any information needed by
on Indonesia Stock Exchange Regulation No. I-E regarding shareholders regarding the Bank's condition.
the Obligation to Disclose Information. 13. Providing input to policy-making units on internal policies/
4. Organising and attending Board of Commissioners meetings, regulations and acting as a coordinator in the Review Team
Combined Board of Commissioners and Directors meetings, to review the feasibility and sufficiency of data/information
and Board of Directors meetings. in a draft internal regulation.
5. Drafting minutes of Board of Commissioners meetings, 14. Preparing documentation and assisting in the Fit and Proper
Combined Board of Commissioners and Directors meetings, Test process for the President Commissioner, Commissioners,
Board of Directors meetings, Integrated Governance and Directors of the Bank.
Committee meetings, and documenting these meeting
minutes.
6. Organising and attending Committee meetings at the Board Corporate Secretary
of Commissioners level, including the Integrated Governance Muhamadian
Committee meeting where the Bank is the Lead Entity in the Maybank Indonesia, Sentral Senayan III, Lantai 25
Maybank Indonesia Financial Conglomerate. Jl. Asia Afrika No. 8, Gelora Bung Karno, Senayan, Jakarta 10270,
7. Conducting Self-Assessment and preparing Corporate Indonesia
Governance Implementation Reports for the first and second Tel. : +6221 29228888
semesters of 2023. Fax. : +6221 29228914
8. Preparing Integrated Financial Conglomerate Corporate e-mail : CorporateSecretary@maybank.co.id
Governance Implementation Reports for the first and second
semesters of 2023.
9. Providing recommendations for changes and adjustments to
the Board of Commissioners and Board of Directors' Working
Procedures Guidelines and Committee Guidelines at the
Board of Commissioners and Board of Directors levels in
accordance with current regulations.
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Corporate Security Management
ESTABLISHMENT • Responsible for controlling the overall budget of outsourced
The establishment of Corporate Security Management aims to personnel of the Bank’s Security Unit.
centralise the management of the Bank’s physical security, so
that it becomes more focused and effective. In organisational • Responsible for the security protection of executives such
structure, Corporate Security Management is under the as the Board of Directors, the Board of Commissioners, and
Directorate of Legal, Compliance & Corporate Secretary based on other important parties (VIP) in Maybank Indonesia.
STO 2019.005 dated 15 July 2019 concerning the Organisational • Responsible for conducting education/socialisation programs
Structure of the Directorate of Legal, Compliance & Corporate to all employees to raise awareness on the implementation
Secretary, which was last amended based on STO 2020.014 dated of physical security and prevention of violence in the work
6 November 2020. The Head of Corporate Security Management environment.
reports directly to the Head of Corporate Secretary. • Together with the Business Continuity Management work
unit to develop procedures for handling emergencies/crisis
DUTIES & RESPONSIBILITIES and incidents that have an impact on the Bank.
The Bank’s Corporate Security Management has various duties
and responsibilities as follows: IMPLEMENTATION OF CORPORATE
• Responsible for managing physical security risks and SECURITY MANAGEMENT ACTIVITIES
supervising all efforts to provide security and protection 2023
against various threats to the company, including human The implementation of Corporate Security Management
resources and all company assets/facilities, so as to create a activities throughout 2023 is as follows:
safe situation for the continuity of the Bank’s business. 1. Supporting “Business Continuity Management” activities in
• Responsible for defining in detail and firmly the duties of the implementation of emergency response
each party involved in the implementation of security in
the company (Security Vendors, Security Unit Personnel) 2. Business Continuity Management has implemented
including providing input to Security Vendors regarding Enterprise Crisis Simulation Exercise (ECSE) or BCP Test
routine mental and physical development of Security Unit bankwide in 2023 participated by all working units, Several
personnel to form professionalism. branches and the Board of Directors (BOD) serve as part of
• Responsible for the implementation of security which the crisis management team and as the response team for
includes the protection of assets/facilities of the head incidents related to both natural and non-natural disasters,
office and branch offices, prevention of violence in the work including preparations for elections and demonstrations.
environment, access control systems, security alarms and
CCTV (closed circuit television), and 24-hour Security Control
Room that monitors the security situation and coordinates
with branch offices
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Compliance Unit
COMPLIANCE WORK UNIT HEAD PROFILE
Per December 2023 - vacant.
ORGANISATIONAL STRUCTURE OF COMPLIANCE WORK UNIT
Compliance
GB, SME & Risk Retail, Syariah Branch & Support
Compliance Compliance
Management & Governance Functions IT Compliance
Monitoring & Monitoring &
Compliance Compliance Compliance Advisory
Training 1 Training 2
Advisory Advisory Advisory
The Organisational Structure of the Compliance Working Unit is cited in accordance with the Organisational Structure of the Directorate
of Legal, Compliance, Corporate Secretary & Anti-Fraud No.STO.2022.008.
COMPLIANCE PRINCIPLES BASED ON COMPLIANCE FUNCTION
POJK The Compliance Working Unit (SKK) is established separately,
Maybank Indonesia manages compliance risk and ensures the independent of the operational working units and free from the
implementation of compliance culture in the Bank’s activities, influence of other working units, and has direct access to the
in line with POJK No.46/POJK.03/2017 on the Implementation Director in charge of the Compliance Function. The Compliance
of Compliance Function of Commercial Banks. Compliance risk Working Unit is established at the Bank’s head office, but its
management is important due to the increasing complexity scope covers all office networks and work units in the Bank.
of the Bank’s business activities in line with the development
of information technology, globalisation, and financial market In implementing the compliance program at PT Bank Maybank
integration. In addition, the compliance function itself is one Indonesia Tbk, the Compliance Director is assisted by the
of the indicators in the implementation of Good Corporate Compliance Working Unit to ensure the Bank’s level of
Governance (GCG), which is also an important factor in compliance with Bank Indonesia (“BI”) and Financial Services
assessing the Bank’s health level. Therefore, Maybank Indonesia Authority (“OJK”) Regulations and other applicable laws and
is committed to continuously implement compliance risk regulations and also to monitor the fulfillment of commitments
management based on the following compliance principles:: made by the Bank to the competent authorities.
a. Compliance starts at the top (Tone from the Top),
b. Compliance is the responsibility of all parties, The latest update of the organisational structure of the
c. Compliance is carried out for the fulfillment of applicable Directorate of Legal, Compliance, Corporate Secretary & Anti-
laws and regulations., Fraud is contained in Organisational Structure No.STO.2022.008
d. Implementation of compliance to be carried out with dated 30 May 2022 concerning the Organisational Structure
competence and integrity in accordance with responsibilities, of the Directorate of Legal, Compliance, Corporate Secretary &
e. Stakeholder-oriented, Anti-Fraud which, among others, is related to the adjustment of
f. Dedication to the Bank, and the structure of the Financial Crime Compliance and Anti-Fraud
g. Problem-solving orientation. Unit.
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Highlights Report Profile and Analysis
DUTIES AND RESPONSIBILITIES
SKK functions to assist the Compliance Director in effectively managing compliance risks faced by the Bank, realising the
implementation of Compliance Culture at all levels of the organisation and business activities of the Bank and monitoring the fulfillment
of commitments made to the competent authorities. Broadly speaking, the duties and responsibilities of the SKK are as follows:
Duties and Responsibilities of SKK
• Responsible for establishing measures that support the creation of a culture of compliance in all business activities of the Bank and at all levels of the
organisation.
• Responsible for identifying, measuring, monitoring and controlling the Bank’s compliance risk.
• Responsible for assessing and/or evaluating the adequacy and suitability of policies, systems and procedures owned by the Bank against the
provisions of Bank Indonesia (BI), the Financial Services Authority (OJK) and other applicable laws and regulations, as well as recommending updates
and improvements to policies, systems and procedures based on regulatory developments.
• Act as a contact person in handling compliance issues, submitting applications for new product/service/activity licenses and fulfilling the Bank’s
commitments to BI and OJK.
• Responsible for providing advice to business and support work units in an effort to fulfill regulatory requirements and compliance.
• Responsible as coordinator of the functions/duties of the Integrated Compliance Working Unit (SKKT) in the Maybank Indonesia Financial
Conglomeration (KKMBI).
• Responsible for preparing the Compliance Function Implementation Report and other reports necessary for management to understand the Bank’s
position in the regulatory environment.
• Ensure that the policies, provisions, systems and procedures, as well as business activities carried out by the Bank are in accordance with the
provisions of OJK, BI and statutory provisions.
• Ensure the Bank’s compliance with commitments made by the Bank to OJK, BI and/or other authorised supervisory authorities.
• Conduct monitoring and examination processes to identify potential compliance risks in work units and branch offices in order to improve
compliance culture.
• Improving the culture of compliance in all operational activities of the Bank by conducting Focus Group Discussions (FGDs) and organising training/
refreshment programs on applicable regulations.
IMPLEMENTATION OF COMPLIANCE 5. Conduct reviews related to the submission and reporting of
ACTIVITIES AND EVENTS 2023 new products and activities in order to obtain approval from
Throughout 2023, the Compliance Working Unit has carried regulators and ensure that new products and activities are
out a number of activities in order to support and improve the in accordance with regulatory regulations and cooperate
Compliance Culture bankwide at all levels of the organisation, with related work units in monitoring the submission of new
including the following: products and activities until their realisation.
1. The Compliance Unit establishes strategies and compliance 6. Reviewing and/or recommending the updating and
programs in order to increase compliance awareness and improvement of the Bank’s policies, provisions, systems
reinforce compliance culture through bankwide socialisation, and procedures to comply with applicable regulatory
training, and monitoring. requirements including Sharia principles, including:
2. Identifying, measuring, monitoring, and controlling a. Socialise changes in regulatory provisions and new
Compliance Risk through: regulatory provisions to related work units, including
a. Self-assessment of compliance risk profile in order to making gap analysis.
determine the Bank’s risk profile. b. Updating the Bank’s internal regulations.
b. Self-assessment of the implementation of GCG both 7. Assess and evaluate the effectiveness, adequacy, and
individually and on a consolidated basis together with suitability of the Bank’s policies/procedures and make efforts
subsidiaries. to ensure that policies, provisions, systems, procedures, and
c. Monitor follow-up on compliance risks incurred for their implementation in the Bank are in accordance with
compliance status report. applicable regulatory provisions, including through:
3. Continuous communication with the Syariah Supervisory a. Test compliance with the Bank’s internal policies/
Board (DPS) regarding the implementation of the compliance procedures and the implementation of the Bank’s
function of the Bank’s Syariah Business Unit (UUS). business activities.
4. Monitoring the fulfillment of prudential banking ratios as b. Provide recommendations and opinions on the
part of the implementation of the compliance function with implementation of compliance in the Bank.
regulations from regulators.
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8. Submit reports related to the compliance function COMPLIANCE INDICATOR 2023
periodically to the regulator in accordance with applicable 1. Capital Adequacy Ratio (CAR - credit risk, market risk
regulations or on an ad hoc basis based on requests from the and operational risk) above the minimum required by the
regulator. regulator.
9. Coordinate audit activities and supervision by regulators of 2. There were no exceedances or violations of the provisions of
the Bank. the Maximum Lending Limit (LLL) during 2020.
10. Adequately monitor the fulfillment of the Bank’s 3. Net Non Performing Loan (NPL) does not violate the
commitments to regulators, including the follow-up and maximum limit of 5%.
resolution of the findings/results of regulatory examinations 4. Statutory Reserves (GWM) and Foreign Currency Reserves do
of the Bank. not violate the minimum limit requirements of the Regulator.
11. Continuous coordination and communication with 5. Net Open Position (on and off balance sheet) does not
related work units and members of the Bank’s Financial violate the maximum limit of 20%.
Conglomeration in terms of the implementation of the 6. The self-assessment of Bank’s Soundness Level as of 2023
integrated compliance function and other related reports. is Composite Rating 2 which reflects the Bank’s generally
12. Actively participated in the Banking Compliance Director healthy condition so that it is considered capable of facing
Communication Forum (FKDKP). significant negative influences from changes in business
conditions and other external factors, based on the results of
COMPLIANCE ACTIVITY 2023 the OJK assessment, the Bank's Soundness Level for the June
2023 period is Composite Rating 2.
No Compliance Activity 2023 7. Commitments to external parties can generally be fulfilled
well.
1. Policy Review 415
2. Compliance testing 125 branch
office
6 work unit
3. Training/Socialisation conducted by 117
Compliance
Administrative Sanctions
During the year 2023, there were no material administrative sanctions against the Bank, members of the Board of Commissioners and
members of the Board of Directors, by the Financial Services Authority and other authorities, affecting the continuity of Maybank
Indonesia’s business or sanctions affecting the Bank’s Management.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 521
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Anti-Money Laundering and Countering
Financing of Terrorism (AML-CFT) Unit
PROFILE OF THE HEAD OF THE ANTI-MONEY LAUNDERING AND TERRORISM
FINANCING PREVENTION WORKING UNIT (APU-PPT PPPSPM)
The Head of AML-CFT WMD Working Unit is Rika. Profiles have been included in the Executive Officer Profiles.
ORGANISATIONAL STRUCTURE OF ANTI-MONEY LAUNDERING AND
TERRORISM FINANCING PREVENTION WORKING UNIT (APU-PPT PPPSPM)
Head, Financial
Crime Compliance
FCC Policy & FCC Transaction Monitoring FCC Transaction
Advisory & System Development Monitoring
In order to ensure the Bank's compliance with the Anti-Money Laundering and Countering Financing of Terrorism, Prevention of
Financing of Proliferation of Weapons of Mass Destruction (AML, CFT FPWMD) program bankwide, Maybank Indonesia established a
Financial Crime Compliance (FCC) Special Working Unit. The establishment of the unit is in accordance with the Law on Prevention and
Eradication of Money Laundering No.8 of 2010, Law on Prevention and Eradication of Financing of Terrorism No. 9 of 2013, Financial
Services Authority Regulation Number 8 of 2023 concerning Implementation of Anti-Money Laundering Programs, Prevention of
Terrorism Financing, and Prevention of Funding for the Proliferation of Weapons of Mass Destruction in the Financial Services Sector,
OJK SE No. 32/SEOJK.03/2017 concerning the Implementation of Anti-Money Laundering and Terrorism Prevention Programs in the
Banking Sector and related regulations issued by regulators and the government.
PROGRAM IMPLEMENTATION
Maybank Indonesia implements various AML-CFT FPWMD Programmes in accordance with applicable regulations, as follows:
1. The implementation of the function and active role of monitoring of the Board of Directors and the Board of Commissioners on the
AML-CFT FPWMD Program, among others, is as follows:
a. Conducting discussions related to the implementation of AML-CFT FPWMD Program provisions in several forums, including
meetings of the Board of Directors, Board of Commissioners, Risk Management Committee, Risk Monitoring Committee and
Integrated Governance Committee.
b. Formulation and amendment of AML-CFT FPWMD Program Policy approved by the Board of Directors and/or Board of
Commissioners in accordance with applicable regulations, including policies related to AML-CFT FPWMD Conglomeration and
Anti-Bribery and Corruption policies.
c. Approval of the Board of Directors on system development initiatives to support the implementation of AML-CFT FPWMD
Program.
d. Approval of LTKM reporting by the Compliance Director before it is sent to PPATK, including approval of the Bank’s response to
letters from law enforcement officials and PPATK.
2. The FCC work unit conducts activities related to AML-CFT FPWMD policies and procedures on an ongoing basis in accordance with
the latest regulations from OJK and PPATK Regulators and the Bank’s business development, among others:
a. Issuing internal provisions supporting the implementation of AML-CFT FPWMD Program to ensure that the Bank’s operations
are in accordance with the prevailing rules and regulations.
b. Conduct reviews and provide advisory related to policies and procedures of other work units so that they are in line with the
implementation of the AML-CFT FPWMD Program Policy.
c. Provide recommendations and input to branch offices and work units regarding the implementation of AML-CFT FPWMD
Program procedures.
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3. The effective internal control activities and monitoring of 5. In an effort to prevent the use of the Bank as a medium or
the AML-CFT FPWMD Program in the Bank, among others, is destination for money laundering and/or terrorism financing
carried out through the following: involving internal parties of the Bank and to increase
a. Supervision and monitoring of AML-CFT WMD Program awareness on the implementation of AML-CFT FPWMD
implementation activities in conglomerate groups. Program, the Bank has conducted the following training
b. Monitoring of AML-CFT FPWMD Program activities:
implementation activities in overseas branches. a. Providing training through e-learning modules and online
c. Ensuring the review of Correspondent Banking activities. to employees, including AML-CFT FPWMD training as
d. Audit on the implementation of AML-CFT FPWMD is part of the new employee induction program.
conducted by SKAI periodically every year. b. Launched role specific training for certain work units
4. There are management information system developments that play an important role in the implementation of the
to support the AML-CFT FPWMD Program that have been AML-CFT FPWMD program with advanced level material
completed and are ongoing, including the following: conducted by the FCC Work Unit.
a. System development related to the customer screening c. Implementation of AML-CFT FPWMD related training
process, customer AML-CFT FPWMD risk assessment, to the FCC team in an effort to improve the capability of
and a system to monitor customer transactions. FCC staff.
b. System development to support the AML-CFT FPWMD d. Sending emails to all employees with reminder materials
reporting process through the goAML PPATK system. to increase the Bank’s prudential principles on financial
c. Development of a system to support the implementation crimes.
of Sanctions provisions, including a system for screening
dual-use of goods to prevent terrorism and proliferation The implementation of the Bank’s AML-CFT FPWMD Program
of weapons of mass destruction. also includes supporting law enforcement officials in combating
d. Development of tools to automate the KYC Review/ money laundering and terrorism financing with steps taken by
Customer Data monitoring process conducted by the Bank, among others, following up on correspondence with
branches. law enforcement officials and PPATK relating to cases of money
e. Maintaining AML-CFT FPWMD database including PEP laundering and terrorism financing.
database, OFAC list, UN Terrorist list, List of Suspected
Terrorists and Terrorist Organisations (DTTOT), PPATK has published the results of the Financial Integrity Rating
Proliferation list, and other AML-CFT FPWMD and on Money Laundering/Terrorist Financing (FIR) assessment of
Sanction Program lists. all banks, including Maybank Indonesia. FIR is an assessment
f. Use of the LCCA Portal as a means of centralising all to measure the level of commitment of the Reporting Party
inquiries from branch offices and work units at the in supporting PPATK and law enforcement officials in tracing
Head Office to the FCC Work Unit in order to facilitate financial transactions related to indications of criminal acts
monitoring of follow-up on the questions asked and can of money laundering (TPPU) and criminal acts of terrorism
be a reference for other teams who will ask questions on financing (TPPT) and the level of implementation and compliance
the same topic so that there is no need to ask questions with AML-CFT FPWMD reporting governance. In 2023, the FIR
repeatedly to the FCC Work Unit. score obtained by the Bank from PPATK was 8.09 (Very Good).
The score obtained by Maybank has increased from the previous
year's FIR assessment.
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Highlights Report Profile and Analysis
Whistleblowing System
and Anti-Fraud
The Whistleblowing System policy is a key element in maintaining the Bank’s integrity to improve the Bank’s transparency and combat
practices that could damage the Bank’s activities and reputation. Maybank Indonesia is committed to implement GCG principles in the
Bank’s operations to support business sustainability in accordance with the Bank’s vision and mission. Fraudulent practices are contrary
to GCG principles, therefore the Bank has taken steps in order to prevent fraud and other violations.
In the event that employees have identified or found any indications of violation or fraud act that are detrimental or potentially
detrimental to the Bank, employees are required to submit reports through the Whistleblowing System.
Aside from the employees, third parties are also eligible to submit reports through Whistleblowing System.
WHISTLEBLOWING REPORTS SUBMISSION MECHANISM
The mechanism for submitting Whistleblowing reports can be done through the following media:
Reporting Tools Media Whistleblowing
E-mail WhistleBlowing@maybank.co.id
Short Message Service 0811 1930 1000
Instant Messaging App - WhatsApp 0811 1930 1000
Toll Free Phone 0800 1503034
WHISTLEBLOWER PROTECTION
The Bank’s Whistleblowing Policy applies to all employees, customers and debtors, other parties that provide services to the Bank,
including consultants, vendors, contractors, and other service providers. Every report submitted through the Whistleblowing reporting
media will be documented and followed-up.
All Whistleblowing reports will be protected for its confidentiality by the Bank. If the Whistleblower provides his/her identity clearly, the
Whistleblower has the right to obtain information regarding the follow-up status of his/her report.
PARTIES THAT MANAGE WHISTLEBLOWING REPORTS
In carrying out its functions and supervision, the Board of Commissioners and the Board of Directors have appointed Head of Anti Fraud
and Head of Employee Relations & Health Safety as parties who manage, administer and evaluate each of the Whistleblowing report.
DIRECT REPORTING LINES TO THE BOARD OF COMMISSIONERS AND BOARD OF
DIRECTORS REGARDING WHISTLEBLOWING ACTIVITIES AND WHISTLEBLOWER
REPORTS HANDLING.
The Bank has established a Whistleblowing Governance Committee (WBGC) on 11 May 2021 with purpose to ensure Whistleblowing
reports are followed up with adequate attention, independence, investigation and remedial action (if necessary).
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During 2023, the WBGC Committee has held meetings on 16 January, 17 May, 26 July, and 19 October 2023. The composition of the
WBGC members as of 31 December 2023 are as follow:
No. Name Title Position
1. Putut Eko Bayuseno Independent Commissioner Chairperson and Member
2. Hendar Independent Commissioner Alternate Chairperson and Member
3. Budhi Dyah Sitawati Independent Commissioner Member
4. Muhamadian Director, Legal, Compliance, Corporate Secretary Member
and Anti-Fraud
5. Irvandi Ferizal Director, Human Capital Member
6. Effendi Director, Risk Management Member
Organisational Structure of Anti Fraud Work Unit
Anti-Fraud
Fraud Prevention &
Internal Investigation External Investigation
Detection
WHISTLEBLOWING REPORT IN 2023
In 2023, there were 798 Whistleblowing reports that have been received and followed up with the following details:
Type of Whistleblowing Report Indication 2023 2022
a. Code of Ethics 19 18
b. Violation of Law & Regulation - -
c. Fraud - 1
d. Others 779 1,112
Number of Whistleblowing Reports 798 1,131
SANCTIONS AND FOLLOW-UP ON FRAUD CASES IN 2023
Throughout 2023, the Bank has imposed sanctions on party/perpetrator who has been proven has committed violations as stipulated in
the Board of Directors’ Regulation on Employee Discipline Development Measures and Collective Labor Agreement (CLA) and refers to
the applicable laws and regulations.
IMPLEMENTATION OF FRAUD PREVENTION STRATEGY IN 2023
Throughout 2023, Maybank Indonesia has consistently conducted fraud prevention and detection activities, investigation, reporting
and procedures to impose sanctions towards fraudsters, as well as evaluation and follow-up for improvements that required in
order to prevent the potential of similar fraud incidents in the future. The details have been reported through Anti Fraud Strategies
Implementation Report to the Board of Directors and Commissioners. The Bank has also anticipated the risk of fraud incidents that
comes from internal and external parties. The Management has conducted follow-ups and improvements as well as strengthened the
internal control system.
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Legal Issues
Throughout 2023, there were several civil and criminal disputes or lawsuits faced by Maybank Indonesia at all levels of the judiciary.
Therefore, the Bank analyses the legal risks faced, legal analysis is carried out based on various parameters, the results of legal risk
evaluation on a monthly basis as part of legal risk management as part of risk management.
Maybank as Defendant/Reportee
(unit)
Total
Legal Issues
Civil Criminal
Has been completed (has permanent legal force) 54 5
In the settlement process 113 54
Total 167 59
Notes:
• For civil cases, there were 49 new cases until December 2023.
• For Criminal Cases, there were 3 new cases until December 2023.
Maybank as the Plaintiff/Applicant/ Reporting Party
(unit)
Total
No. Legal Issues
Civil Criminal
1. Cases related to Home Mortgage Loans (KPR) - -
Resolved (have obtained final legal force) - -
In the process of resolution - 1
Total - 1
2. Cases related to the provision of other credits
Resolved (have obtained final legal force) - 1
In the process of resolution - 10
Total - 11
3. Bankruptcy and PKPU Cases
Resolved (have obtained final legal force) - -
In the process of resolution - 1
Total - 1
4. Other Cases
Resolved (have obtained final legal force) - 1
In the process of resolution 1 15
Total 1 16
IMPORTANT CASES FACED BY MAYBANK INDONESIA
Throughout the year 2023, the cases faced by Maybank Indonesia generally involved resistance to the execution of collateral held by
Maybank Indonesia as a separatist creditor. If any of the cases faced by Maybank Indonesia are ruled against by the Court, such rulings
do not have a negative or material impact on the financial condition or business continuity of the Bank. The case database containing
the entire list of cases faced by the Company is monitored and evaluated by the Litigation Work Unit. The Litigation Work Unit is one of
the directorate work units in the organisational structure of the Director in charge of the Compliance function.
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Important Cases faced by Maybank Indonesia and Subsidiaries of Maybank Indonesia
Legal cases Parties Involved
currently faced
by the company/
subsidiaries/
Nominal
members of the Impact on
Subject Matter/ Settlement value of
No Board of Directors/ Company's
Plaintiff Defendant Claim Status claims/
members of the Board Condition
lawsuits
of Commissioners
in office (during the
period of 2023); Case
value >Rp 10 billion
1 Lawsuit for Unlawful Collateral Maybank The collateral District Court Not Significant
Act filed by the Owner Indonesia owner's lawsuit
Collateral Owner (SS) Debtor relates to objection
because Maybank
did not provide
credit restructuring
to the Debtor
and conducted
auction of the
collateral owned
by the Plaintiff as
collateral owner.
2 Lawsuit for Unlawful Debtor Maybank Debtor and District Court Not Significant
Act filed by the Debtor Collateral Indonesia collateral owners'
together with the Owners Auction Officer lawsuit related to
Collateral Owners (PT. Auction objection because
PK, HJ, BH, FP, and ARK) Winner Maybank did not
Private Auction provide credit
Office restructuring to
Land Office the Debtor and has
conducted auction
of collateral to the
Auction Winner.
3 Lawsuit for Unlawful Debtor Maybank The Debtor and District Court Not Significant
Act filed jointly by Collateral Indonesia collateral owner's
the Debtor and the Owners Auction Officer lawsuit objected
Collateral Owners (PT. Private Auction that Maybank did
PK, HJ, BH, FP, and ARK) Office not provide credit
Land Office restructuring to
the Debtor and
conducted an
auction process for
the collateral.
4 Lawsuit for Unlawful Third Parties Ex-Debtor The heirs' lawsuit District Court Not Significant
Act filed by the heirs of Third Parties concerned the
the third party against Involved ownership of the
former Debtor Maybank Maybank former debtors'
(RWO, YP, and YOP) Indonesia assets that were
Land Office used as collateral in
Notary & PPAT Maybank.
5 Unlawful act lawsuit Third Parties Debtor The lawsuit of the District Court Not Significant
filed by the heirs of a Debtor's Child heirs who objected
third party against the Land Office to the process
Debtor (AD) Maybank of changing/
Indonesia transferring assets
Notary & PPAT to the Debtor's
Child without the
knowledge of the
Plaintiffs, where
the assets were
used as collateral at
Maybank.
6 Unlawful act lawsuit ex-Debtor Maybank Ex-debtor lawsuit District Court Not Significant
filed by ex-debtor (SSR) Indonesia regarding objection
Cessor to cessie process
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Main Management Company Management Discussion
Highlights Report Profile and Analysis
Important Cases faced by Maybank Indonesia and Subsidiaries of Maybank Indonesia
Legal cases Parties Involved
currently faced
by the company/
subsidiaries/
Nominal
members of the Impact on
Subject Matter/ Settlement value of
No Board of Directors/ Company's
Plaintiff Defendant Claim Status claims/
members of the Board Condition
lawsuits
of Commissioners
in office (during the
period of 2023); Case
value >Rp 10 billion
7 Unlawful act lawsuit ex-Debtor Maybank Ex-debtor lawsuit District Court Not Significant
filed by ex-debtor (SSR) Indonesia regarding objection
Cessor to cessie process
Auction Officer
Land Office
8 Unlawful Act Lawsuit Debtor Maybank Lawsuit related to District Court Not Significant
filed by the Debtor (L) Indonesia auction objection
Auction Officer
Land Office
Financial
Services
Authority
9 Unlawful Act Lawsuit Debtor Maybank Ex-debtor lawsuit District Court Not Significant
filed by the Debtor ((AK) Indonesia regarding objection
Cessor to cessie process
Auction Officer
10 Unlawful Act Lawsuit Debtor Maybank Lawsuit related to District Court Not Significant
filed by the Debtor (PT Indonesia auction objection
SMPM)
11 Unlawful Act Lawsuit Debtor Maybank Unlawful Acts District Court Not Significant
filed by Maybank related to the
Debtor (CV KP) Plaintiff's objection
to the calculation of
outstanding value
12 Unlawful act lawsuit Third Party Debtors Unlawful Acts Supreme Court Not Significant
filed by third party (AW) Some Parties committed by the
Involved Debtor against the
Maybank Plaintiff for giving a
Land Office blank Bilyet Giro to
the Plaintiff
13 Unlawful act lawsuit Third Party Maybank Unlawful Acts Supreme Court Signifikan Financial Loss
filed by third party (AU) Indonesia committed by
ex-employee of ex-Maybank
Maybank employees who
Bank Indonesia sold fictitious
deposit products to
the Plaintiffs.
IMPORTANT CASES FACED BY CURRENT MEMBERS OF THE BOARD OF
COMMISSIONERS AND THE BOARD OF DIRECTORS
Throughout 2023, none of the members of the Board of Commissioners or the Board of Directors of Maybank Indonesia were implicated
in any civil and/or criminal cases.
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IMPORTANT CASES FACED BY MAYBANK Details of WOM Finance’s information as
INDONESIA SUBSIDIARIES Plaintiff/Reporting Party are as follows:
During 2023, there were no cases categorised as important/material and/or that A. Civil Case Suit as many as 52 (fifty-
could affect the performance of Maybank Indonesia faced by PT Wahana Ottomitra two), namely:
Multiartha, Tbk (WOM Finance) and PT Maybank Indonesia Finance. 1. 45 (forty-five) have been
FINISHED and Inkracht in 2023
LEGAL ISSUES/LITIGATION (WOM FINANCE) consisting of:
Throughout 2023, WOM Finance encountered various civil, industrial relations, and a. 7 (seven) Civil Cases in 2022
criminal disputes or lawsuits across all levels of the judiciary as part of its business b. 38 (thirty-eight) Civil Cases in
operations. 2023
2. 7 (seven) still in process in 2023
WOM Finance performs legal risk analysis based on various parameters, conducting consist of:
monthly evaluations as part of legal risk management integrated within its overall risk a. 7 (seven) Civil Cases in 2023
management framework.
B. 9 (nine) Criminal Cases, namely:
WOM Finance as Defendant/Reportee 1. 7 (seven) have been FINISHED
and Inkracht in 2023 consisting
Total
Legal Issues of:
Civil/PHI Criminal
a. 7 (seven) Criminal Cases in
Has been completed (has permanent legal 2023
9 0
force)
2. 2 (two) still in process in 2023
In the settlement process 11 0 consist of:
Total 20 0 a. 2 (two) Criminal Cases in
2023
Details of WOM Finance's information as the respondent/reported party are as follows:
A. Civil Case Lawsuit as many as 13 (thirteen), namely: Important Cases Faced by
1. 5 (five) have been FINISHED and Inkracht in 2023 consisting of: Current Members of the Board
a. 1 (one) Civil Case in 2020 of Commissioners and Board of
b. 2 (two) Civil Cases in 2022 Directors
c. 2 (two) Civil Cases in 2023 Throughout 2023, none of the members
2. 8 (eight) still in process in 2023 consist of: of the Board of Commissioners and the
a. 1 (one) Civil Case in 2021 Board of Directors of WOM Finance have
b. 7 (seven) Civil Cases in 2023 been implicated in any important civil
and/or criminal cases.
B. Special Civil Cases/PHI as many as 7 (seven), namely:
1. 4 (four) have been FINISHED and Inkracht in 2023 consisting of: Important Cases Faced by WOM
a. 1 (one) PHI case in 2022 Finance
b. 3 (three) PHI cases in 2023 During 2023, there were no cases that
2. 3 (three) still in process in 2023 consist of: were categorised as important/material
a. (three) PHI cases in 2023 and/or that could affect Maybank
Indonesia’s performance faced by WOM
WOM Finance as Plaintiff/Reporting Party Finance.
Total
Legal Issues
Civil Criminal
Has been completed (has permanent legal
45 7
force)
In the settlement process 7 2
Total 52 9
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Highlights Report Profile and Analysis
LEGAL ISSUES/LITIGATION (MIF) Important Cases Faced by
Throughout 2023, while conducting its business operations, MIF encountered various Current Members of the Board of
civil and criminal disputes or lawsuits. At all levels of the judiciary. MIF conducts an Commissioners and Directors
analysis of the legal risks encountered, evaluating them based on diverse parameters. Throughout 2023, none of the members
This includes monthly assessments of legal risk, integral to comprehensive risk of the Board of Commissioners and the
management practices. Board of Directors of MIF were involved
in any civil and/or criminal cases.
MIF as Defendant/Reportee
Important Matters Faced by the MIF
Total
Legal Issues During 2023, there were no cases that
Civil Criminal
were categorised as important/material
Has been completed (has permanent legal 2 2 and/or that could affect Maybank’s
force)
performance faced by PT Maybank
In the settlement process 14 13
Indonesia Finance.
Total 16 15
Notes:
• Civil Cases:
- 12 new cases until December 2023
- 14 cases have not been completed in 2023
• Criminal Cases:
- 5 new cases until December 2023
- 11 cases have not been completed in 2023
MIF as Plaintiff/Reporting Party
Total
Legal Issues
Civil Criminal
Has been completed (has permanent legal 1 5
force)
In the settlement process 7 22
Total 8 27
Taxation Management and Control
Tax management and control is one of the major pillars of the TAX DISPUTES
Bank’s sustainability and stakeholder trust. Maybank Indonesia, Maybank Indonesia is not involved in any tax dispute or
as a corporate entity, is subject to complex tax regulations. litigation, either before the competent tax court and/or other
Maybank Indonesia can ensure operational reliability and legal competent authorities in Indonesia or outside the court based
compliance by using a targeted approach. on applicable taxation laws and regulations, that may have a
material negative impact on the Company’s business activities
In terms of tax management and control, Maybank Indonesia has and operations.
defined taxation policies and procedures that include guidelines
related to tax reporting, fulfilment of tax obligations, and tax
risk management. Furthermore, the deployment of Information
Technology systems helps Maybank Indonesia maintain an
accurate tax recording and reporting system, as well as ensuring
consistency and compliance with tax regulations and related
recording rules and regulations.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Internal Audit Unit
The Internal Audit Unit (SKAI) carries out the internal audit Professional Experience and Time Period:
function independently and objectively by conducting a review Hariseno joined Bank Maybank Indonesia Tbk (MBI) since
of the effectiveness of internal control performed by the 2015 with about 21 years of experience in the banking
operational working units in accordance with the scope of the industry including audit and risk management consulting
audit/assurance as well as advisory assignment. SKAI also plays firm. Prior to being appointed as Head of SKAI in 2019,
an active role in supporting the Bank’s efforts to continuously he served as Head of Credit & Treasury Audit Division
enhance the company’s control environment in maintaining the at MBI. His previous work experience includes heading
soundness and qualified of business growth. several internal control functions, such as Enterprise Risk
Management Group Head at Bank Sahabat Sampoerna,
INTERNAL AUDIT CHARTER Compliance Risk Advisory Head at Bank ANZ Indonesia, SKAI
In carrying out its duties and responsibilities, SKAI refers Quality Assurance Head at Bank Commonwealth Indonesia,
to the Internal Audit Charter which is periodically reviewed as well as being a project stream leader on several projects
and updated. The charter is also a form of compliance with handled by KPMG Indonesia-Siddharta Consulting (Risk
the Financial Services Authority Regulation (POJK) No. Advisory Services Division).
01/ POJK.03/2019 dated 29 January 2019 concerning the
Implementation of the Internal Audit Function in Commercial THE HEAD OF SKAI EDUCATION AND
Banks, as well as POJK No. 56/POJK.04/2015 dated December 23, TRAINING 2023
2015 concerning the Establishment and Guidelines for Preparing Mathematics from ITB, Bachelor in Civil Engineering from Unpar,
an Internal Audit Unit Charter, and the Implementation of and Master in Finance Management from Unkris. Hariseno also
Internal Audit Professional Standards. fellows several professional certifications in internal auditing,
risk management and credit.
The Internal Audit Charter is a formal statement that
confirms the vision and mission, position and independence, The education and/or training attended by the Head of SKAI
accountability, authority, qualifications and code of ethics of during 2023 are as follows:
internal auditors, independence and objectivity, duties and
responsibilities and scope of SKAI. The Internal Audit Charter No Name of Education and/or Training
has been updated and approved by the Board of Commissioners
1 Environment, Social, Governance (ESG) - Save Energy Safe Life
with recommendations from the Audit Committee, and was
2 Exploring Agility
determined by the President Director in May 2022 and has been
published on the Bank’s website. 3 Future Role of Internal Audit in the Financial Service Industry
Internal Auditor Conference 2023: Building Resilience In Tuna
4
APPOINTMENT AND DISMISSAL THE World
HEAD OF SKAI 5 Audit Sharing - Sustainability Financing Validation Process
The Head of SKAI or professionally called as Chief Audit 6 IIA Indonesia National Conference
Executive (CAE) is appointed and dismissed by the President 7 Quarterly Industry Outlook
Director after obtaining approval from the Board of
8 End User Training TeamMate+
Commissioners by considering the recommendations of the
Audit Committee. The appointment and dismissal of the Head of
Internal Audit is reported to the regulator within 10 working days In recent years, the Head of SKAI has also been active as a
after the effective date. The Head of SKAI directly reports to the panelist and moderator in several national conference organised
President Director, and has direct communication with the Board by internal audit professional associations. Further, currently the
of Commissioners through the Audit Committee. Head of SKAI is voluntarily active as one of the Board Member at
Ikatan Audit Intern Bank (IAIB) and Board Member at the Dewan
THE HEAD OF SKAI PROFILE Sertifikasi Qualified Internal Auditor (DSQIA).
• NAME OF THE HEAD OF SKAI
Hariseno Acharyama
• POSITION HISTORY
Legal Basis for Appointment:
Appointed since May 1, 2019 in accordance with Decree No.
SK.PERS.2019.0857/DIR HC on the Appointment of The Head
of Internal Audit Work Unit (SKAI) and has been reported to
the Financial Services Authority (OJK).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 531
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Highlights Report Profile and Analysis
NUMBER OF EMPLOYEES, TRAINING SKAI continuously develops the competencies of auditors to
AND PROFESSIONAL CERTIFICATION enhance their insights and expertise to support internal audit
OF SKAI AUDITORS activities. The auditors participate in external, internal (in-
As of 31 December 2023, the number of staff at SKAI are 80 house) and e-learning training programs. Further, development
personnel. Collectively, SKAI is supported by adequate human of auditor's competencies are also carried out through sharing
resources which have competencies in various audit fields. sessions with Group Audit Malayan Banking Bhd (MBB).
SKAI team have various professional certifications with details as
follows: In 2023, trainings attended by the SKAI team are as follows:
Number of Number of
No Certification Number of
Auditors No Training Name Hours per
Participants
Participant
1 Level 1 Risk Management Certification 43
External Training
2 Level 2 Risk Management Certification 24
Effective Report Writing for
3 Level 3 Risk Management Certification 6 1 2 16
Internal Audit
4 Level 4 Risk Management Certification 1
Training Preparation for
5 Qualified Internal Auditor (QIA) - YPIA 11 2 Certified Fraud Examiner (CFE) 2 40
Examination
Certified Banking Internal Auditor (CBIA) -
6 IAIB 2 Data Analytics for Internal
3 2 15
Auditor
Certified Information Systems Auditor (CISA)
7 - ISACA 11 Psychology and Communication
4 2 16
for Audit
Certified Information Security Manager
8 (CISM) - ISACA 1 Internal Auditor Conference
5 2023: Building Resilience In Tuna 3 16
9 Certified Internal Auditor (CIA) - IIA 1 World
10 Credit Skills Accreditation (CSA) – OMEGA 8 Future Role of Internal Audit in
6 6 16
Certification in Risk Management Assurance the Financial Service Industry
11 (CRMA) - IIA 1 IIA Indonesia National
7 2 16
Bank Internal Audit Certification - Auditor Conference
12 - LSPP 18 Enhancing Financial Performance
8 5 3
Bank Internal Audit Certification - Audit Through Data Analytics
13 Supervisor - LSPP 5 Internal Audit Readiness to
9 5 3
14 Credit Officer Certification - LSPP 3 Adopt Artificial Intelligence
15 Certified Fraud Examiner (CFE) - ACFE 1 10 Lead Auditor ISO 27001:2022 3 35
16 EC-Council Certified Incident Handler (ECIH) 1 The Usage of Internet of Things
11 (IoT) in the Financial Service 7 3
Certified in Governance of Enterprise IT Industry
17 (CGEIT) - ISACA 1
Save The Planet: The Role of
18 Commercial Loan to Business - OMEGA 1 Financial Sector to Support
12 7 7
19 Linux Professional Institute LPIC1 - LPI 1 Carbon Reduction and Electric
Vehicles Development
20 Acunetix (Vulnerability Assessment) - Invicti 1
Managing Environmental,
21 Certified Ethical Hacker (CEH) - EC Council 1 13 Social and Governance Risk and 24 3
Opportunities
22 CERTIFIED ISO 27001 - EXIN 5
Training with Group MBB
23 Certified Bank Accountant - IAI 1
M25 Unlimited Potential
24 Tax Brevet A & B - IAI 1 14 8 32
(M25UP)
25 Certified Network Defender v2 - EC Council 1
Advanced Art of Investigative
15 2 8
Interviewing
Information regarding the formal educational qualifications of Audit Sharing - Sustainability
16 55 1,5
internal auditors in SKAI, the information is as follows: Financing Validation Process
Number of Q3 2023 – Quarterly Industry
No Education Level 17 39 1,5
Auditors Outlook – Indonesia
1 Postgraduate 15 ESG Financing Validation - OJT
18 19 1
Session
2 Bachelor 62
Cyber and Technology Security:
3 Diploma 3 19 Managing a Potential Risk - 8 5
Apprentice Level
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Number of
Number of STRUCTURE AND POSITION OF THE
No Training Name
Participants
Hours per
Participant
SKAI
Based on the Organisational Structure of the Internal Audit
20 End User Training TeamMate+ 69 16
Unit (SKAI) No. STO.2020.03 dated 19 February 2020 which
Insight to Model Risk applied since 1 March 2020, SKAI directly reports to the
21 Management and Model 3 6
Validation
President Director and has direct communication to the Board
of Commissioners through the Audit Committee. The SKAI
Fundamentals Session for New
22 7 6 Organisational Structure includes five Audit Divisions, as follow:
Joiners
1. Wholesale, Treasury & Centralised Operations Audit (WTO)
Pelatihan Internal
2. Corporate Function & International Branch Audit (CFI)
23 General Induction 5 12
3. Retail, Branch & Subsidiaries Audit (RBS)
Training ISO27001-Internal 4. Technology Audit, Analytics & Project (TAP)
24 12 6
Auditor
5. Strategic Operations & Quality Assurance (SOQ)
Sustainability Series & Green Lab
25 3 12
"Train the Advocates"
SKAI MBI also provides guidance and supervision to the internal
Environment, Social, Governance
26 71 1 audit function at subsidiaries, i.e. PT. Maybank Indonesia Finance
(ESG) - Save Energy Safe Life
(MIF) and PT. Wahana Ottomitra Multiartha Tbk (WOM Finance).
27 Exploring Agility 6 8
28 Roar Habbit 3 16
AML-CFT Specialist for Internal
29 6 2
Audit
Training Business Operations
30 3 6
Risk Coordinator
President Director
Board of Commissioners
Audit Internal
Audit Committee
Wholesale, Corporate Strategic
Retail, Branch Technology PT Maybank PT Wahana
Treasury & Function & Operations
& Subsidiaries Audit, Analytics, Indonesia Ottomitra
Centralised International & Quality
Audit & Project Finance Multiartha Tbk
Operations Audit Branch Audit Assurance
SKAI DUTIES AND RESPONSIBILITIES
As stated in the Internal Audit Charter, the duties and responsibilities of SKAI MBI are as follows:
a. Develop annual audit plan based on risk-based approach, including any risks and control concerns by management and regulator.
Annual audit plan and budget allocation is approved by President Director and Board of Commissioners by considering Audit
Committee’s recommendation.
b. Implement annual audit plan as approved, including any special tasks requested by President Director as well as Board of
Commissioners.
c. Provide internal audit report and submit it to President Director and Board of Commissioners and copy to Audit Committee,
Compliance Director, Risk Management Director, related Director and related Unit Head.
d. Monitor and evaluate adequacy of follow-up actions taken by auditee on the audit results and report it to President Director, Board
of Commissioner, Audit Committee, and Compliance Director.
e. In the case of external services used for internal audit activities:
• Ensure the transfer of knowledge from external parties to SKAI members is performed.
• Ensure an external party services do not affect the independence and objectivity of SKAI function and comply with Bank's
Internal Audit Charter.
f. Determine a strategy for implementing internal audit for subsidiaries and formulate the principles of internal audit which includes
methodology for internal audit and quality assurance.
g. Communicate audit findings (if any) related to the implementation of compliance with Shariah principles to the Shariah Supervisory
Board.
h. Consultation with the Shariah Committee Board shall not be interpreted as being non-independent.
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i. Prepare reports to the Regulator, i.e: SKAI conducts periodic meetings with the Board of Directors and
• Report of Implementation and Summary of Audit Results Senior Management through the Internal Audit Committee (IAC)
(LPPHA) on semi-annual basis. SKAI also may reports a meeting, and with the Board of Commissioners through the Audit
strictly confidential information of the audit results (If Committee (AC) meeting. At the periodic meetings SKAI reports
any). The LPPHA report is submitted to OJK at the latest on the achievement of the annual audit plan, significant audit
1 (one) month after end of the semester, i.e. every 31 July findings, and monitoring of follow-up audit results. During 2023,
and 31 January. This report is signed by President Director SKAI has conducted ten times IAC and AC meetings.
and Independent Commissioner who is appointed as the
chairman of the Audit Committee. AUDIT PLAN AND FOCUS 2024
• Special Report on audit finding that might be disrupting In 2024, SKAI will carry out audit by combining desktop auditing
the Bank's business continuity. Target date to submit through data analytics examination and onsite auditing which
the report to OJK is at the latest 3 (three) days since the will be carried out based on the needs and priorities.
finding is identified. This report is signed by President
Director and Independent Commissioner who is In accordance with the 2023 annual audit plan (AAP), SKAI will
appointed as the chairman of the Audit Committee. focus on the following audits:
• Report of independent external review for internal 1. Credit/financing audits for both conventional and shariah
audit performance and its compliance to professional portfolios in the corporate/global banking, commercial/
standard for internal audit as well as improvement business banking, retail small medium enterprise (RSME),
recommendation for better quality of internal audit. SMEPlus, and mortgage segments. SKAI also conducts
External review activities to carried out once in 3 (three) audits on unsecured loans i.e. credit card and personal loan
years for the period from July to June of the next third business.
year. Target date to submit the report to OJK is at the 2. Audit of funding & services areas at all regions consisting of
latest 2 (two) months after the review period. This conventional and sharia branches.
report is signed by President Director and President 3. Audit of information technology (IT) such as core
Commissioner. banking system, SWIFT system, payment system, IT cyber
j. May provide consulting services for the Bank internal control security, IT network management, IT general control, and
development, in which the scope/area must be approved by implementation of IT security management system in
BOC through Audit Committee, and ensure it will not impact accordance with ISO/IEC 27001.
the independence of SKAI. 4. Audit of the implementation of anti-money laundering and
k. Maintain internal auditor professionalism by continuing counter terrorism financing (AML-CFT) principles, anti-
professional development such as taking trainings/ bribery and corruption, treasury activities/global market, risk
certifications program to complete auditor knowledge and management, regulatory reporting, wealth management,
skills that are relevant with Bank’s business complexity. human capital, financial reporting, as well as other
l. Establish a quality assurance program to evaluate and assure centralised operations and corporate function units.
the quality of operations of internal audit activities. 5. Audit of Mumbai Branch Office and Audit of Subsidiary i.e.
m. Continuously develop audit methodology to step up SKAI PT. Wahana Ottomitra Multiartha, Tbk.
efficiency and effectiveness.
n. Establish and review Internal Audit Charter. SKAI also conducts advisory/consulting activities through
the reviews on the adequacy of internal controls in several IT
REPORT ON THE IMPLEMENTATION application development projects categorised as critical, as well
OF SKAI ACTIVITIES IN 2023 as participating as an observer in the IT project vendor selection
During 2023, SKAI has realised and reported 84 audit process. Further, SKAI also acts as an observer in the business
deliverables covering 298 auditable areas in accordance with the continuity plan (BCP) and disaster recovery (DR) testing process.
approved Annual Audit Plan (AAP). All audit assignments have Periodically, SKAI also reviews the Bank’s risk profile report,
been completed and all audit reports have been issued in 2023. financial statements, and sustainability financial implementation.
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Intern Control System
The internal control system is a supervisory process mechanism The implementation of a reliable and effective Bank SPI is the
established by the Bank’s Management on an ongoing basis, with responsibility of all parties involved in the Bank’s organisation,
the quality of its implementation influenced by Management including the Bank’s Management. In addition, the Bank’s
and employees at every level of the organisation. The internal Management is also obliged to improve an effective risk culture
control system is important in implementing a healthy and safe in the Bank’s organisation and ensure that it is embedded
monitoring mechanism for the Bank’s operational activities. at every level. Maybank Indonesia has implemented the
internal control function in its operational activities, including
Maybank Indonesia has implemented internal control functions segregation of duties, dual control, reconciliation, standard work
in its operational activities, including segregation of duties, processes, and implementation guidelines.
dual control, reconciliation, standard work processes, and
implementation guidelines. The separation of functions is carried BASIS FOR ESTABLISHMENT
out to ensure the Bank’s operational activities can run in a The implementation of the internal control system established by
healthy, safe, and controlled manner. the Bank refers to several applicable regulations, among others,
as follows:
Maybank Indonesia designed an internal control system to 1. Financial Services Authority Regulation (POJK) No. 18/
provide adequate assurance, safeguard and secure the Bank’s POJK.03/2016, dated March 16, 2016, concerning the
assets, ensure the availability of accurate reports, improve Implementation of Risk Management for Commercial Banks.
compliance with applicable regulations, reduce the impact of 2. Circular Letter of the Financial Services Authority (SEOJK)
financial losses, irregularities including fraud and violations of No. 34/SEOJK.03/2016, dated September 1, 2016, concerning
prudential aspects, and improve organisational effectiveness and the Implementation of Risk Management for Commercial
increase cost efficiency. Banks.
3. Circular Letter of the Financial Services Authority (SEOJK)
The implementation of the internal control system (SPI) also No. 35/SEOJK.03/2017, dated July 7, 2017, concerning
aims to: Guidelines for Internal Control System Standards for
1. Ensure that all business activities of the Bank are carried Commercial Banks.
out in accordance with the prevailing laws and regulations,
including the Bank’s internal regulations. IMPLEMENTATION OF OPERATIONAL AND FINANCIAL
2. Ensure the availability of complete, accurate, appropriate, INTERNAL CONTROL SYSTEMS AND COMPLIANCE WITH
timely, and relevant financial and Management information. COSO - INTERNAL CONTROL FRAMEWORK
3. To increase the effectiveness and efficiency in using assets Maybank Indonesia implements SPI, which consists of three
and other resources to protect the Bank from the risk of loss. control objectives: operational effectiveness, reliability of
4. Create and improve the effectiveness of risk culture in the financial reporting, and compliance with applicable regulations
Bank’s organisation so that the identification of weaknesses by referring to the internal control framework prepared by
and irregularities can be made early and the fairness of the Committee of Sponsoring Organisations of the Treadway
policies and procedures can be assessed continuously. Commission (COSO). The COSO internal control framework
5. Ensure that SPI is carried out so that the Bank’s operational includes 5 (five) control components, namely:
activities can run in a healthy, safe, and controlled manner.
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COSO Components COSO Principles
Control Environment (CE) 1. Demonstrate Commitment To Integrity And Ethical Values.
2. Exercises Oversight Responsibility.
3. Establishes Structure, Authority, And Responsibility.
4. Demonstrates Commitment To Competence.
5. Enforces Accountability.
Risk Assessment (RA) 6. Specifies Suitable Objectives.
7. Identifies And Analyzes Risk.
8. Assesses Fraud Risk.
9. Identifies And Analyzes Significant Change.
Control Activities (CA) 10. Selects And Develops Control Activities.
11. Selects And Develops General Controls Over Technology.
12. Deploys Through Policies And Procedures.
Information & Communication (IC) 13. Use Relevant Information.
14. Communicates Internally.
15. Communicates Externally.
Monitoring Activities (MA) 16. Conducts Ongoing And/Or Separate Evaluations.
17. Evaluates And Communicates Deficiencies.
The main elements in the implementation of SPI within the Bank anticipate, identify and respond to events and obstacles
that are adjusted to the COSO framework include the following that may affect the achievement of objectives. The Board
aspects: of Commissioners and Board of Directors, through the Risk
a. Supervision by Management and control culture is the Monitoring Committee and Risk Management Committee,
foundation of all Internal Control elements. The foundation ensure that risk management is well implemented.
is the discipline and structure of internal control itself, the
philosophy and style of working Management, and corporate c. Control activities and separation of functions are policies
governance to improve the effectiveness of operations. and procedures to ensure that the Management of Maybank
Indonesia has determined the direction of the company’s
SPI is always carried out effectively and efficiently, there objectives.
are no exceptions in implementing supervisory procedures,
and it always maintains an environment that supports Control activities must involve all Bank employees, including
internal control efforts. In general, the overall quality of the Board of Directors. Therefore, control activities will be
SPI has been running well. Problems arising from internal effective if planned and implemented to control the risks
control weaknesses are reported to the Board of Directors that have been identified. Control activities also include
and followed up consistently to mitigate risks in accordance establishing control policies and procedures and an early
with applicable regulations. The Board of Commissioners, verification process to ensure that these policies and
through its established committees, assesses the control procedures are consistently adhered to and are integral to
environment and conducts independent assessments that each of the Bank’s daily functions or activities.
are communicated to the Board of Directors for follow-up.
Control activities and separation of control functions involve
b. Risk identification, assessment, and management is a all Bank employees, including the Board of Directors. Control
process to identify and analyze risks that may hinder the activities are planned and implemented to control the
achievement of MBI’s objectives and formulate how MBI risks that have been identified. Control activities include
manages these risks. establishing control policies and procedures and an early
verification process to ensure that policies and procedures
Risk identification, assessment, and management is a series are consistently adhered to and are integral to every
of actions carried out by the Board of Directors to identify, function or activity of the Bank. The activities, duties, and
analyze and assess the risks the Bank faces to achieve the set responsibilities of the relevant work units are described in
business objectives. Risks that may affect the achievement other sections of this GCG report.
of the Bank’s objectives are identified, assessed, monitored,
and controlled continuously. Procedures are in place to
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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d. The Accounting, Information, and Communication System INTERNAL CONTROL SYSTEM ADEQUACY STATEMENT
supports identifying and exchanging information in a form Maybank Indonesia realises its commitment to implement SPI
and time frame that enables all Bank employees to carry out thoroughly in every business activity of the Bank by ensuring that
their respective responsibilities. the Bank’s control system has been adequately implemented. The
Board of Directors is responsible for implementing a good SPI
Data collection procedures and information technology to achieve the Bank’s objectives. The Board of Commissioners,
are in place to produce reports on business activities, assisted by the Audit Committee, is responsible for supervising
financial conditions, risk management implementation, and to ensure the implementation of internal control in general,
compliance with regulations that support fulfilling the duties including the Board of Directors’ policies that establish such
of the Board of Directors and the Board of Commissioners. internal control. Overall, the Board of Commissioners, Board of
The Board of Directors identifies important information Directors, and Audit Committee stated that the Bank’s internal
required by the Bank, summarises and communicates it in control system is adequate and able to answer the Bank’s
the right form and time so that employees can carry out their business challenges throughout 2023.
obligations and interested external parties can know the
condition of the Bank. RESULTS OF THE REVIEW OF THE IMPLEMENTATION OF
THE INTERNAL CONTROL SYSTEM 2022
e. Monitoring activities and correcting deviations/weaknesses In line with the SPI Standards for Commercial Banks set by
are ways to assess the quality of existing internal control. the Financial Services Authority through Circular Letter of the
Financial Services Authority (SEOJK) No. 35/SEOJK.03/2017,
The Board of Directors, relevant work units, and the dated July 7, 2017, concerning Guidelines for Internal Control
Internal Audit Unit (SKAI) continuously monitor the overall System Standards for Commercial Banks, SKAI has continuously
effectiveness of internal control implementation. Monitoring provided an assessment of the audit results through the scope of
key risks has been prioritised and has become part of the audit assignments.
Bank’s activities. The Bank continuously monitors and
evaluates the adequacy of SPI in light of changes in internal The audit is conducted by evaluating the adequacy and
and external conditions and must improve the capacity of SPI effectiveness of the design and implementation of internal
to enhance its effectiveness. control for the Bank using the established internal control
framework approach. The results of the audit assessment
SKAI is supported by resources with the collective are submitted through the audit report (LHA), which is then
competence to evaluate SPI over strategies, operational discussed in the Audit Committee meeting and the IAC meeting,
activities, and financial information processing methods. which is held regularly.
SKAI always submits audit findings that require
Management’s attention to the Board of Commissioners
through the Audit Committee and the Board of Directors
through the Internal Audit Committee (IAC) so that the
findings can be followed up immediately. The Board of
Directors is committed and has followed up on the results of
the monitoring carried out and SKAI recommendations.
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Highlights Report Profile and Analysis
Investor Relations
Maybank Indonesia established Investor Relations with strategic DUTIES AND RESPONSIBILITIES
duties and responsibilities by providing information to investors The duties and responsibilities of Investor Relations are as
in an actual, accurate and timely manner regarding the Bank’s follows:
business performance and prospects. Investor Relations also - Project Manager in the preparation of the Bank’s Annual
fosters harmonious relationships with financial/capital market Report.
observers and other financial institutions, including managing, - Key Point of contact for Maybank Indonesia in the rating
analyzing and reporting on all of the Bank’s strategic information, process conducted by local and global rating agencies (such
especially in the economic and financial fields related to the as: Fitch, Pefindo, RAM Rating) and prepare responses to
business environment. questions asked related to the rating process and coordinate
meetings between senior bank management and rating
PROFILE OF THE HEAD OF THE companies.
INVESTOR RELATIONS DIVISION/ - Prepare corporate performance presentations to be
UNIT published on the bank’s website and for Maybank Analyst
Nurmala Damanik Briefing.
Head Financial Planning, Performance Management & Investor - Organising annual Public Expose (PE) (In accordance with
Relations regulations, every Public Company must hold at least 1x a
year).
Indonesian citizen, 57 years old. - Organising meetings with analysts/fund managers/securities
houses/investors and responding to questions asked by
Joined Maybank Indonesia since August 1991 with 30 years of analysts by providing correct and comprehensive information
experience in the banking industry. She has experience as a focal on bank performance.
point in the preparation of Annual Operating Plan, Performance - Prepare presentation materials for senior management
Management, Management Reporting, Expense Controller, related to meetings with external parties (such as: regulators,
Sustainable Finance and Investor Relations. Previously, he served investors, analysts, brokers, fund management).
as Branch Manager of Maybank Indonesia Mumbai and Head - Updating detailed data on the Bank’s performance on a
Auditor for Overseas Branch, Capital Markets, Credit Card and regular basis and following up on questions and requests
Branch Office. for information from external parties related to the Bank’s
performance.
LEGAL BASIS FOR APPOINTMENT
Maybank Indonesia appointed Nurmala Damanik as the person INVESTOR RELATIONS BRIEF REPORT
responsible for implementing investor relations in the Bank 2023
based on Decree No. SK.PERS.2019.4000/DIR HC. During 2023, Investor Relations has carried out duties and
responsibilities including:
• Preparing the Bank’s Annual Report 2022, and successfully
PERIOD OF OFFICE achieved 2nd rank in the Annual Report Award 2022 in
2019 - present Non SOE and Non Regionally-Owned Enterprises Financial
Companies Category.
EDUCATION AND TRAINING • Prepared quarterly Bank performance presentation and
In order to improve the competencies needed for the uploaded to Maybank Indonesia website.
development of the Bank’s business, during the year 2023 • Conducted Annual Review with Rating agencies such as Fitch
Investor Relations has participated in education and training as Ratings Indonesia and Pefindo. The Company’s rating was
follows: maintained at AAA (Triple A) from both rating agencies.
• Sustainability Series, 7-8 March 2023 • Held the Annual Public Expose on 23 May 2023.
• M25 Unlimited Potential (M25UP) Cohort 27, 29 May - 1 June • Provided services for any information required by external
2023 parties regarding the Bank’s recent performance.
• Exploring Agility, 10 June 2023 • Reviewed the Company’s website and provided input on
• SWP Workshop, 2-3 November 2023 information that should be disclosed to the public.
• M25+ Grand Showcase, 16 November 2023
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Risk Management
Maybank Indonesia continues to develop a strong risk These stages have been implemented by the Bank, among others
infrastructure and culture with the aim of providing added as described below:
value to all stakeholders, conducting comprehensive capital • The Bank’s organisational Governance structure has been
management and ensuring sustainable business growth. The supported by adequate organs, consisting of the Audit
implementation of risk management will assist management in Committee, Risk Monitoring Committee, Nomination
monitoring compliance with applicable laws and regulations, and Remuneration Committee, Information Technology
policies, plans, provisions and internal procedures. In addition, Oversight Committee, Whistleblowing Governance
risk management can also reduce systemic risk that can harm the Committee, Integrated Good Corporate Governance
Bank both materially and immaterially. Committee, Risk Management Committee, Assets and
Liabilities Management Committee, Credit Committee,
Maybank Indonesia continues to develop a strong risk Credit Restructuring Committee, Internal Audit Committee,
infrastructure and culture with the aim of providing added Information Technology Steering Committee, Human Capital
value to all stakeholders, conducting comprehensive capital Committee, Human Capital Disciplinarian Committee, Credit
management, and ensuring sustainable business growth. or Finance Policy Committee, Integrated Risk Management
Maybank Indonesia believes that the implementation of Committee, Internal Audit Work Unit, Compliance Work
risk management will help the management in monitoring Unit, Risk Management Work Unit and Integrated Risk
compliance with applicable laws and regulations, policies, plans, Management Work Unit. In addition, the implementation of
provisions and internal procedures. In addition, risk management Integrated Governance is also supported by the performance
can also help reducing systemic risk that can harm the Bank, both of integrated work units, namely the Integrated Compliance
materially and immaterially. Work Unit and the Integrated Internal Audit Work Unit. The
Bank’s organisational structure is constantly updated following
The implementation of risk management in Maybank aims the development of organisational and business needs.
to protect the Bank from various losses that may arise from • Implementation of the three lines of defense and four-eyes
its various activities, as well as to maintain the level of risk in principle as part of the Bank’s commitment to systematically
accordance with the business strategy and growth of the bank. and continuously identify, control, monitor and mitigate risks.
The Board of Commissioners, Audit Committee and Board of • Risk Management Infrastructure and Governance that is in
Directors assessed and stated that the Bank’s risk management accordance with the complexity of business activities, risk
implementation in 2023 was adequate and in accordance with profile, level of risk to be taken, as well as regulations set by
the Bank’s needs, in order to maintain a balance between risks the Regulator.
and benefits, and to generate sustainable long-term value growth • Developing a comprehensive Business Continuity
for shareholders. Management (BCM) that serves as a guide for the Company
to continue running during emergency conditions.
RISK MANAGEMENT SYSTEM • Increase awareness of Risk Management through risk
IMPLEMENTED BY THE BANK awareness campaigns, posters and other internal publication
The Bank has implemented a risk management process consisting media, as well as related training courses conducted at the
of 5 (five) main stages that form a continuous cycle as follows: head office, branch offices and subsidiaries.
IDENTIFICATION MEASUREMENT CONTROL MONITORING REPORTING
New/existing • Metodologi • Controls with • Risk exposure vs • MIS
products, activities, • Pendekatan Model, qualitative and risk control • Report to
and initiatives validasi, dan teknik quantitative controls • MIS Management
analisa • Preventive measures
• Mitigation
techniques
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RISK MANAGEMENT RISKS FACED BY THE BANK
In managing these risks and other potential risks, the Bank must Currently the risks faced by the Bank are categorised on several
carry out appropriate control and mitigation of the risks that bases:
have been identified and measured. a. POJK No.18/POJK.03/2016 concerning the Implementation of
Risk Management for Commercial Banks:
Risk Controls 1. Credit Risk
Appropriateness and effectiveness of controls need to be 2. Market Risk
established to manage risk exposure and ensure alignment with 3. Liquidity Risk
the established risk appetite. Risk appetite aligns the needs of 4. Operational Risk
all stakeholders by acting as a risk manager and driver of current 5. Compliance Risk
and future business activities. An effective risk appetite can be 6. Legal Risk
a strong driving force for the implementation of a risk culture in 7. Reputation Risk
the Bank. 8. Strategic Risk
There are 2 (two) additional risks related to the Bank’s
The Bank exercises qualitative and quantitative risk controls, Syariah Business Unit according to POJK No. 8/
including risk limits and triggers/thresholds, to monitor and POJK.03/2014, namely:
manage identified risk exposures. Risk controls also provide 9. Yield Risk
a means to manage the risk identification process, initiate 10. Investment Risk
discussions, take appropriate preventive steps and consider
actions that need to be taken in accordance with policies and b. POJK No.17/POJK.03/2014 on the Implementation of
procedures. Important to note is the appropriateness of the Integrated Risk Management for Financial Conglomerates
approval process, action plans and exposure reviews to ensure There are 2 (two) additional types of risk related to the
the effectiveness of risk management. The controls that have implementation of integrated risk management for Financial
been implemented by the Bank will be reviewed periodically to Conglomerate Banks based on these provisions, namely:
ensure the effectiveness of the controls against the Bank’s risk 11. Intra-Group Transaction Risk
appetite and risk limits. 12. Insurance Risk
Risk Mitigation In addition to the risks mapped based on these regulatory
Risk mitigation techniques aim to minimise the impact of regulations, in line with technological developments and various
existing risks, or avoid the occurrence of emerging risks. These factors including business competition, market growth, and
techniques include specific hedging, funding strategies, and increasing expectations from regulators, the Bank also faces
insurance. In addition, the Bank has also implemented a Disaster other risks such as information risk and information technology
Recovery Plan (DRP) and Business Continuity Plan (BCP) as part risk as well as non-financial risks such as money laundering and
of Business Continuity Management. outsourcing.
The Disaster Recovery Plan (DRP) and Business Continuity In order to identify and measure these risks, the Bank must
Plan (BCP) are developed and implemented to help strengthen consider a forward-looking approach. This is to ensure the
resilience in the face of risks that seriously impact operational adequacy of measures taken by the Bank to minimise the
activities, including plans to ensure the continuity of critical exposure to risks faced by the Bank.
business functions within a certain period of time during the
recovery process.
The Recovery Plan provides a systematic approach to addressing
potential capital, liquidity or funding disruptions that affect the
Bank’s liquidity health and financial solvency.
The Resolution Plan is a document containing information
about the Bank and the resolution strategy which is one of the
considerations for the Deposit Insurance Agency in handling or
resolving a Bank that has been determined to be a failed Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Review Governance Responsibility Statements
RISK MANAGEMENT SYSTEM 8. Obtain confirmation of compliance for the SWIFT Customer
ADEQUACY STATEMENT Security Program (CSP) based on testing from independent
The Board of Commissioners, Board of Directors and Audit assessors.
Committee state that the Bank’s risk management system is 9. Obtain ISO 27001 certification regarding Information
effective, adequate and capable of managing business risks Security Management Systems.
and opportunities to support the Bank in achieving its business 10. Carrying out bankwide ECSE (Enterprise Crisis Simulation
objectives without compromising financial performance, Exercise) / BCP Test involving 37 CBF (Critical Business
compliance and/or reputation. The Bank’s risk management Function) units and representatives of 8 branches at
system provides tools to anticipate and manage risks by alternate sites and command centers.
considering changes in risk profiles caused by changes in 11. Holding Operational Risk Certification which was attended
business strategy, external factors and regulatory requirements. by staff from the Embedded Risk Unit (ERU) and Operational
Risk & Business Continuity (ORCO), carried out an annual
RESULTS OF REVIEW/EVALUATION ORM Attestation which was attended by all Business
OF THE EFFECTIVENESS OF THE RISK Operational Risk Coordinators (BORC) 1 and 2 as well as
MANAGEMENT SYSTEM IN 2023 Operational Risk Training which was attended by ERU and
In 2023, the Bank conducted evaluation on the implementation BORC 1,2 and 3.
of risk management system. Maybank Indonesia actively 12. Improving Cyber Risk Awareness through continuous
manages its risk profile through monitoring inherent risks and education to employees regarding phishing awareness and
strengthening the quality of risk management, implementing awareness of cyber attacks.
good corporate governance through various risk committees,
and maximising added value for shareholders, managing capital RISK MANAGEMENT DIVISION/UNIT
comprehensively, and ensuring profitability and sustainable LEADER PROFILE
business growth so that the overall risk-based soundness of the In implementing the risk management program at PT Bank
bank is maintained. There were several achievements in terms of Maybank Indonesia Tbk, the Risk Management Director is
Risk Management during 2023, including as follows: assisted by several work unit leaders or executive officers
who manage risk management including Head, Credit Risk
1. Development of applications supporting credit analysis and Management; Head, Operational Risk & Business Continuity;
process Monitoring & Tracking System, namely the credit Head, Enterprise Risk Management; Head, Retail Credit Portfolio
proposal module, credit document management module and & Policy; Head, Non Retail Credit Policy & Strategic Risk
Pipeline module. Management; Head, Market, Liquidity & Treasury Credit Risk
2. Update the Risk Acceptance Criteria (RAC) for 6 industrial Management; Head, GB & BB Remedial; Head, SME & Consumer
sectors to increase support for sustainability and mitigate Collection; and Head, Technology Risk Management (CISO/
Environmental, Social and Governance risks. Chief Information Security Officer). The information regarding
3. Developing 5 new models related to Credit Risk and the profile of each leader has been included in the discussion of
validating 34 models. Senior Officials Profiles in the Company Profile chapter.
4. Credit quality continues to improve after Covid 19 as shown
by improvements in credit risk parameters such as NPL and
LAR (Loan at Risk).
5. Digitalisation of credit assessment and decision processes for
credit cards and credit acquisition for RSME.
6. Implementation of the use of Risk Free Rate (RFR) based on
interest rates to replace the London Inter-Bank Offered Rate
(LIBOR) based interest rates in the Treasury system.
7. Carrying out Recovery Plan (RCP) and Liquidity Contingency
Plan (LCP) simulations to increase awareness and readiness
of the Bank in facing the crisis.
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Highlights Report Profile and Analysis
Public Accountant/External Auditor
In line with POJK No. 13/POJK.03/2017 dated March 27, 2017 NUMBER OF PERIODS OF PUBLIC
concerning Procedures for the Use of Public Accountant Services ACCOUNTANTS AND PUBLIC
and Public Accounting Firms in Financial Services Activities, the ACCOUNTING FIRMS (KAP) AUDITING
Bank has determined the AP and KAP to audit the Bank’s financial THE COMPANY’S FINANCIAL
statements for the fiscal year 2023 through the Annual GMS by STATEMENTS
considering recommendations from the Board of Commissioners In accordance with POJK No.13/POJK.03/2017 concerning the
and the Audit Committee. In 2023, the Public Accounting Firm Use of Public Accountant Services and Public Accounting Firms in
(KAP) that audited the Bank’s consolidated financial statements Financial Services Activities, the use of audit services for annual
is KAP Purwantono, Sungkoro & Surja. The appointment of the historical financial information from the same Public Accountant
KAP is in accordance with the approval of the Annual GMS is a maximum of 3 (three) consecutive financial years. Meanwhile,
and is carried out through a process that is in accordance with restrictions on the use of KAP services depend on the results of
applicable regulations. the Audit Committee’s evaluation of the potential risks of using
the services of the same KAP consecutively for a long period
NAME OF PUBLIC ACCOUTANT of time. In 2023, the appointment of KAP Purwanto, Sungkoro
Name of Public Accountant: Yasir and Surja affiliated with Ernst and Young Global and its Public
Registered No. AP.0703 Accountant is the ninth year for the KAP.
NAME OF PUBLIC ACCOUNTANT FIRM In order to maintain independence during the 2021 general audit,
(KAP) the Public Accountant acting as Partner in Charge has signed an
KAP Purwantono, Sungkoro and Surja Independence Statement Letter stating that he is independent
Registered Public Accountant KMK No.603/KM.1/2015 as defined in POJK No. 13/POJK.03/2017 and the Audit Standards
set by IAPI.
SUPERVISION OF EXTERNAL
AUDITORS
In 2023, the Public Accounting Firm that audits the Bank’s
consolidated financial statements is KAP Purwantono,
Sungkoro and Surja which is affiliated with Ernst and Young
Global. The appointment of KAP Purwantono, Sungkoro and
Surja was carried out through a process in accordance with
applicable regulations. The appointment has been reviewed
and supervised by the Audit Committee, including in terms of
determining the audit fee on a fair basis. Supervision by the
Audit Committee is carried out through regular meetings with
KAP to discuss findings and developments during the audit
conducted by KAP, assist and ensure that there are no obstacles
in the implementation of the audit, and evaluate the quality of
the audit process, ensuring that the audit implementation is in
accordance with applicable regulations and standards.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Information regarding KAP and Public Accountants who have audited the Bank’s Financial Statements in the last 5 (five) years is as
follows:
No Item 2023 2022 2021 2020 2019
1 Name of Public Accoutant Yasir Muhammad Christophorus Benyanto Benyanto
who audited the Annual Kurniawan Alvin Kossim Suherman Suherman
Financial Statements Registered
(last 5 years) Public Auditor Registered Registered Public Registered Registered
No. AP.0703 Public Auditor Auditor No. AP.1681 Public Auditor Public Auditor
No. AP.0240 No. AP.0685 No. AP.0685
2 Name of Public Accoutant KAP Purwantono, KAP Purwantono, KAP Purwantono, KAP Purwantono, KAP Purwantono,
Firm that audited the Annual Sungkoro & Surja Sungkoro & Surja Sungkoro & Surja Sungkoro & Surja Sungkoro & Surja
Financial Statements
(last 5 years) Registered Public Registered Public Registered Public Registered Public Registered Public
Accountant KMK Accountant KMK Accountant KMK Accountant KMK Accountant KMK
No. 603/KM.1/2015 No. 603/KM.1/2015 No. 603/KM.1/2015 No. 603/KM.1/2015 No. 603/KM.1/2015
3 Audit Fee for each type of Audit December Audit December Audit December Audit December Audit December
service provided by the 31, 2022: 31, 2022: 31, 2021: 31, 2020: 31, 2019:
public accountant in the last Rp4,264,000,000 Rp4,056,000,000 Rp5,026,700,000 Rp4,940,300,000 Rp3,547,000,000
fiscal year (Including review (Including review (Including review (Including audit on
of modeling of modeling of validation model the implementation
related to Expected related to Expected related to PSAK 71 of PSAK 71 and 73
Credit Losses Credit Losses Rp1,236,000,000) amounting to
in accordance in accordance Rp950,000,000
with PSAK 71 with PSAK 71 and Rp310,000,000
Rp300,000,000) Rp208,000,000) respectively)
4 Other services from Public Review on Review on Review on Review on Review on
Accounting Firm in the last June 30, 2023: June 30, 2022: June 30, 2021: June 30, 2020: June 30, 2019:
fiscal year Rp1,152,000,000 Rp1,152,000,000 Rp1,112,863,500 Rp1,080,450,000 Rp1,080,450,000
Issuance of Issuance of Issuance of
Comfort Letter Comfort Letter Comfort Letter
and preparation and preparation
of prospectus for of prospectus for
Shelf Registration Shelf Registration
Bond IV issuance: Bond III issuance:
Rp915,000,000 Rp901,250,000
In line with SEOJK No. 16 /SEOJK.04/2021 dated 29 June 2021 concerning the Form and Content of Annual Reports of Issuers or
Public Companies, during 2023, the Bank has received consulting services for Board of Commissioners (“BOC”) and BOC Committees
Effectiveness Evaluation (“BEE”) for the 2023 financial year from Ernst & Young Consulting Sdn. Bhd which was carried out by Michael
Heaney with an assignment period of October 2023 to March 2024 with a total service fee paid of Rp165,785,373.60 or the equivalent of
RM49.720.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 543
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Highlights Report Profile and Analysis
Access to Company Information and Data
On an ongoing basis, Maybank Indonesia continues to update Mass Media Relations
information and provide easy access to information regarding No Activities 2023
the Bank’s activities and performance both internally to the 1 Press Conference 10
Board of Commissioners, and externally to shareholders and
2 Press Release 34
other stakeholders in order to provide a clear and transparent
3 Media Review 29
picture of the Bank’s condition. Some of the information facilities
provided by the Bank are through the Bank’s website, which is 4 Media Training 1
in two languages (Indonesian and English), mass media public 5 Meeting with Media 21
information, the Bank’s official social media channels, mailing 6 Media Visit 2
lists, newsletters, meetings with analysts and other stakeholders,
7 Competition for Media 1
the Bank’s contact facilities, the official IDX website, and so on.
Maybank Indonesia also provides the Annual Report through the News Delivered
Bank’s official website in two languages. In this regard, the Bank
No News Delivered Total Percentage
tasked the Investor Relations unit to continue to build positive
1 Berita Netral & Positif 10,903 99%
reputation for the Bank, by developing relationships with
investors/analysts, both interactively and through the delivery 2 Berita Negatif 47 1%
of information carried out periodically, especially related to the
Bank’s performance. Media Coverage
No Month Total
Maybank Indonesia always provides easy information to all
1 January 535
stakeholders to access information about the Company’s
performance, both financial and non-financial, through 2 February 740
communication channels such as press releases, public 3 March 1.275
exposures, and information posting on websites or social media 4 April 733
owned and managed by the Bank. 5 May 926
6 June 763
The Bank also actively disseminates information to printed media 7 July 849
and electronic media. To obtain further information, customers 8 August 1.709
or prospective customers can contact the following access: 9 September 825
1. Call Center service via telephone: (021) 1500 611. 10 October 942
2. E-mail service to customercare@maybank.co.id.
11 November 989
3. Contacting the Bank’s services at the nearest branch.
12 December 664
Investors can directly contact the Company’s Investor Relations TOTAL 10.903
Service via e-mail: InvestorRelations@maybank.co.id.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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PRESS RELEASE
No Press Release Release Date
1 UUS Maybank Indonesia Announces Winners of ISYEFpreneur Entrepreneurship Competition 17 January 2023
2 Maybank Indonesia Inaugurates the Kota Branch Office in West Jakarta 2 February 2023
3 Maybank Indonesia Records Profit before Tax (PBT) of Rp2.04 Trillion for 2022 17 February 2023
4 Maybank Indonesia Held Economic Outlook 2023 (Event & photo release) 15 March 2023
5 Announcement of Maybank Marathon 2023 29 March 2023
6 Maybank Indonesia and Allianz Indonesia Launches MyProtection Bijak II 31 March 2023
7 Maybank Indonesia Held Annual General Shareholders Meeting 30 March 2023
8 Maybank Indonesia Records 33.3% Increase in Profit before Tax (PBT) to Rp750 Billion in the First Quarter 2023 28 April 2023
9 Maybank Indonesia Held Road to Maybank Marathon 2023, To Support Runners Achieving Personal Best 14 May 2023
10 Maybank Indonesia Held Public Expose 2023 23 May 2023
11 UUS Maybank Indonesia Signed Repo Shariah Agreement 29 May 2023
12 PT DKI CariNIH Collaborates with Maybank Indonesia For Virtual Account Payment 7 June 2023
13 Maybank Indonesia Held its 64th Anniversary Dinner 13 June 2023
14 UUS Maybank Indonesia Distributes Qurban Assistance 27 June 2023
15 UUS Maybank Indonesia Supports MSME Through Sirclo Panen Omset 13 July 2023
16 UUS Maybank Indonesia Facilitates Green Financing to Permodalan Nasional Madani (PNM) 1 August 2023
17 Maybank Indonesia Held Sustainability Week 1 August 2023
18 Signing Agreement BMW and Maybank Marathon
18 August 2023
19 Maybank Indonesia Held Global CR Day Sustainability
19 August 2023
20 Maybank Indonesia Ready to Hold Maybank Marathon 2023 22 August 2023
21 Maybank Indonesia Plants 2,000 Mangrove Seedlings at the 2023 Maybank Marathon 25 August 2023
22 Flag off Maybank Marathon 2023 Begins Tomorrow Morning 26 August 2023
23 A total of 13,600 Runners Took Part In Elite' Label Road Race Maybank Marathon 2023 27 August 2023
24 Celebrating National Customer Day, Maybank Indonesia Gives Surprises to Loyal Customers 5 September 2023
25 Maybank Indonesia Issued IMBT Financing to PLN First Time 18 September 2023
26 UUS Maybank Indonesia Launches Shariah Wealth Management Solution 25 September 2023
27 Maybank Indonesia Inaugurates Mangga Besar Sub-Branch Office (KCP). 4 October 2023
28 UUS Maybank Indonesia Distributes Benevolent Funds to Support Rumah Yatim Scholarship Program 6 October 2023
29 UUS Maybank Indonesia Inaugurates Kelapa Gading Shariah Branch Office (KCPS) 10 November 2023
30 Maybank Indonesia Signs Usage Agreement of Late Ibu Soed's Song for Latest M2U Advertisement 14 November 2023
31 Maybank Indonesia Introduces Shariah Wealth Management Services in Bandung 16 November 2023
32 Maybank Indonesia and Benihbaik.com Build Eco Village in Yogyakarta 25 November 2023
Commemorating International Volunteer's Day, Maybank Indonesia Holds Financial Literacy and Sustainability for 8 December 2023
33
Elementary School Students
34 Supporting a Healthy Lifestyle, Maybank Indonesia Launches Celebrity Fitness and Fitness First Credit Cards 10 December 2023
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Highlights Report Profile and Analysis
INTERNAL COMMUNICATION • MyNet is an application that can only be used and accessed
Communication to all internal employees is conducted through by all employees that contains information related to
the following communication channels: employee/Human Capital matters and activities or programs
• Internal Magazine (Kabar Maybank) which is in electronic and other information for employees.
format and published monthly.
• E-mail blast, or delivery of information to all employees Activities Frequency
related to the Bank’s activities and developments, as well
Kabar Maybank Magazine (edition) 12
as management messages via email from the Corporate
Email blast 318
Communication address.
• Townhall Meeting, a communication forum attended by Townhall meeting 3
management, regional and branch leaders, and work unit
leaders to inform the Bank’s performance in a certain period
as well as initiatives that are being and will be implemented
by the Bank.
Code of Ethics and Code of Conducts
Maybank Indonesia always upholds integrity and is committed to STATEMENT THAT THE CODE OF
implementing high standards in the implementation of the Code ETHICS AND CODE OF CONDUCT
of Ethics and Code of Conduct. This effort is made in order to run APPLIES AT ALL LEVELS OF THE
a sound business practice and implement the principles of Good ORGANISATION
Corporate Governance (GCG). To support its implementation, Maybank Indonesia imposes an obligation to comply with
the Bank has and adopts a standard code of conduct, namely the the Code of Ethics and Code of Conduct to the Board of
Code of Ethics and Code of Conduct, which regulates standards, Commissioners, Board of Directors, Sharia Supervisory Board, all
business conduct, and ethical personal behavior for all employees employees, officers, and all Bank partners to read and understand
and stakeholders in their work environment. the Code of Ethics and Code of Conduct and apply it in carrying
out their respective duties and job responsibilities. The
MAIN CONTENTS OF THE CODE OF implementation and application of the Code of Ethics and Code
ETHICS AND CODE OF CONDUCT of Conduct is the joint responsibility of Maybankers at all levels
Policies related to the regulation of the Bank’s Code of Ethics and of the organisation, as well as one of the Bank’s commitments
Code of Conduct include the following: to implement Good Corporate Governance in achieving the
1. Collective Employment Agreement of PT Bank Maybank established vision and mission. Renewal of commitment to the
Indonesia Tbk Bank’s Code of Ethics and Code of Conduct is also carried out
2. Company Regulation regarding Code of Ethics and Code of annually in order to adjust consistently and continuously.
Conduct of Maybank Indonesia
3. Board of Directors Regulation regarding Conflict of Interest DISSEMINATION/SOCIALISATION,
4. Board of Directors Regulation regarding Employee Discipline IMPLEMENTATION AND
Development Action ENFORCEMENT OF CODE OF ETHICS
AND CODE OF CONDUCT
The main points and contents of the Code of Ethics and Code of On an ongoing basis, Maybank Indonesia conducts socialisation
Conduct owned by Maybank Indonesia are as follows: of the Code of Ethics and Code of Conduct, and all employees
1. Responsibility to the company are required to understand, implement and declare the Bank’s
2. Workplace responsibilities Code of Ethics and Code of Conduct annually. The Head of
3. Ethics in representing the company and interacting with Work Unit and the highest official in the region must ensure
external parties that all employees in their work environment declare a Personal
4. Confidentiality Commitment Statement on the Code of Ethics and Code of
5. Investments and external activities, including those related Conduct.
to conflicts of interest
6. Compliance with anti-money laundering, prevention of Maybank Indonesia applies disciplinary sanctions for employees
terrorism financing, prevention of proliferation financing for who commit violations of the Code of Ethics and Code of
weapons of mass destruction, and anti-bribery, corruption, Conduct in accordance with applicable regulations to increase
collusion, and nepotism. awareness of the implementation and enforcement of the code
of ethics and code of conduct.
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TYPES OF DISCIPLINARY ACTIONS PEMUTUSAN HUBUNGAN KERJA
FOR VIOLATIONS OF THE CODE OF (PHK) DAN TOTAL NOMINAL
ETHICS AND CODE OF CONDUCT KOMPENSASI PHK
For employees who violate the Code of Ethics and Code of The number of employees affected by Termination of
Conduct, Maybank Indonesia imposes disciplinary sanctions in Employment (PHK) and the total nominal amount of layoff
accordance with applicable regulations to increase awareness of compensation paid during 2023, is as shown in the table below:
the application and enforcement of the code of ethics and code
of conduct. The types of disciplinary coaching actions provided Nominal Amount of Termination
include: Compensation paid per Person in 1 Number of Employees
(One) Year
1. Letter of Reprimand
2. Warning Letter 1 Above Rp1 billion 27
3. Warning Letter 2 Above Rp500 million to Rp1 million 36
4. Warning Letter 3 Rp500 million and below 133
5. Termination of Employment (PHK)
* The above number refers to data on employees whose employment
ended other than due to resignation, and received termination
DATA ON THE DISCIPLINARY compensation.
SANCTION IMPOSED IN 2023
During 2023, there were 328 employees who were subject to The number of employees who Resigned and the total amount of
disciplinary sanctions for violating company regulations with the severance pay paid during 2023, as in the table below:
following total details of disciplinary sanction::
Nominal Amount of Termination
Number of Disciplinary Compensation paid per Person in 1 Number of Employees
(One) Year
No. Type of Sanction Sanctions imposed during
2023 Above Rp1 billion -
1. Letter of Reprimand 89 Above Rp500 million to Rp1 million 2
2. Warning Letter 1 167 Rp500 million and below 168
3. Warning Letter 2 42 * The number above refers to data on employees whose employment
ended due to resignation and received separation pay (not
4. Warning Letter 3 30
severance pay).
Total 328
* During 1 (one) year, 1 (one) employee could receive more than 1 (one)
Warning Letter if there is an escalation of violations, or if the validity
period of the Warning Letter has been completed, in accordance
with the provisions regulated by the Company.
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Highlights Report Profile and Analysis
Corporate Culture
Maybank Indonesia always carries out the mission of Humanising 3. Compliance
Financial Services by prioritising customer service, creating a • Uphold and have thorough compliance with SOPs,
conducive work environment for employees as the Bank’s most regulatory rules and other applicable rules.
important asset, and realising responsibility to society and the • Uphold and comply with Maybank Code of Ethics and
community, at all times. The Bank also continues to promote a Conduct.
balance between productivity and personal life of employees • Ensure reporting and resolution of any issues, and find
(work-life balance) in order to internalise a positive work culture. improvements.
• Become an agent of building a culture of compliance in
Maybank Indonesia has launched Perform, Comply, Accountable the work environment.
and Leadership as the Bank’s work culture, with details as 4. Leadership
follows: • Inspiring role model
1. Performance • Can articulate and live the vision, TIGER Values, and
• Set high targets for one’s own performance general goals of the organisation among his/her team.
• Work hard to achieve the targets that have been set • Contributes to the growth and development of others.
• Have high quality standards • Respects different opinions and ideas contributed by
• Innovative and creative. team members.
• Uphold innovation, questioning and adding value to work • Leaves a positive legacy for the company and the team
processes to make them shorter, better and faster. he/she leads.
• Provide continuous high performance for the progress of • Step up, make decisions, and shape team priorities for
Maybank. the good of Maybank Group.
2. Accountability
• Responsible for every job received In implementing the Bank’s Business Plan, Maybank Indonesia
• Accepting the consequences of failure and success always aligns all business achievement efforts with the
sportingly. Company’s culture or values. The Bank’s Corporate Values focus
• Do not make excuses and blame failures on other parties. on empowering human resources to provide better service
• Admitting mistakes and immediately setting corrective to customers and improve the effectiveness of the Bank’s
actions. performance. The corporate values are called TIGER Values, as
• Honoring commitments and keeping promises. follows:
• Daring to act in reporting unethical actions objectively.
• Doing the right thing, deciding with a clear conscience
and without conflict of interest.
TEAMWORK
We work as a team based on mutual respect.
INTEGRITY
We uphold honesty, be professional and maintain a code
of ethics in carrying out our work.
GROWTH
We have a passion for constant growth and innovation
both as a team and individually.
EXCELLENCE & EFFICIENCY
We have a commitment to provide fast and exceptional
performance and service.
RELATIONSHIP BUILDING
We continuously build long-term mutually beneficial
working relationships.
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Transparency of Financial and
Non-Financial Conditions that Have Not Been
Disclosed in Other Report
TRANSPARENCY OF FINANCIAL The Bank must submit the Annual Report to the Financial
CONDITION Services Authority no later than 4 (four) months after the end
of the financial year. The Annual Report must be available to
Annual Publication Report shareholders at the time of the invitation to the Annual General
The Bank’s Annual Publication Report is an Annual Report that Meeting of Shareholders (AGMS).
describes the Bank’s performance within 1 (one) fiscal year
and other information announced to the public and submitted The Annual Report shall be submitted to the Financial Services
to the Financial Services Authority on an annual basis. The Authority through the Financial Services Authority reporting
Annual Report is also a form of accountability of the Board of system and shall be announced on the Bank’s Website on
Directors and Board of Commissioners, to the General Meeting the same date as the submission of the Annual Report to the
of Shareholders, in managing and supervising the Bank within Financial Services Authority. The report announcement on the
1 (one) fiscal year, which is prepared based on the provisions Bank’s Website must be uploaded for at least the last 5 (five)
in the Circular Letter of the Financial Services Authority fiscal years.
regarding the Form and Content of the Annual Report of Issuers
or Public Companies and the Circular Letter of the Financial In addition, the Bank also prepares a Sustainability Report, which
Services Authority regarding Transparency and Publication of is a report announced to the public that contains the economic,
Conventional Commercial Bank Reports. financial, social, and environmental performance of a financial
services institution, Issuer, and Public Company in running a
The contents of the Annual Report include, among others: sustainable business.
a. General Information
b. Financial Performance Information The Sustainability Report is an integral part of the Annual
c. Risk Exposure and Capital Information Report but can be presented separately with the Annual Report.
d. Governance Information Submission of the Sustainability Report presented separately
e. Sustainability Report (may be presented separately with the with the Annual Report must be submitted together with the
Annual Report) submission of the Annual Report.
f. Annual Financial Statement
g. Information related to the Bank’s Business Group The address of the Bank’s website that contains the Annual
h. Additional information for Banks that are Issuers and/or Report and Sustainability Report can be accessed at:
Public Companies • Annual Report:
i. Other disclosures as stipulated in the Financial Accounting https://www.maybank.co.id/corporateinformation/
Standards InvestorRelation/annual-report
j. Other information specified by the Financial Services • Sustainability Report:
Authority https://www.maybank.co.id/corporateinformation/csr/
sustainibility-repots
Annual financial statements contained in the Annual Report
must be prepared for 1 (one) fiscal year and presented at least
in the form of comparison with the comparative period report
in accordance with Financial Accounting Standards in Indonesia
and have been audited by a Public Accountant. The Public
Accountant’s opinion on the financial statements must be stated
in the Annual Report.
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Quarterly Publication Report
QUARTERLY PUBLICATION REPORT MONTHLY PUBLICATION REPORT
The Quarterly Publication Report is a report for the end The Monthly Publication Report includes monthly financial
of March, June, September and December. The Quarterly statements consisting of:
Publication Report includes: a. Statement of Financial Position (Balance Sheet).
a. Financial report. b. Income Statement and Other Comprehensive Income.
b. Financial performance information. c. Statement of Commitments and Contingencies.
c. Information on the composition of shareholders, the
composition of the Board of Directors, the composition of Monthly Publication Reports covering monthly financial
the Board of Commissioners and the composition of the statements are presented individually. The Bank has announced
Sharia Supervisory Board for Sharia Commercial Banks. the Monthly Publication Report on the Bank’s Website. The
d. Other information specified by the Financial Services announcement of Monthly Publication Report on the Bank’s
Authority. Website is made no later than the end of the following month
after the end of the reporting month. The Bank is required to
Financial statements in the Quarterly Publication Report are maintain the announcement of Monthly Publication Report on
presented in the form of: the Bank’s Website for at least the last 2 (two) financial years.
a. Individual financial statements; and
b. Consolidated financial statements. The Bank submits Monthly Publication Reports online through
the Financial Services Authority reporting system (Apolo).
Financial statements in the Quarterly Publication Report Submission of Monthly Publication Reports online through the
must be presented at least in the form of comparison with Financial Services Authority reporting system (Apolo) is carried
the comparative period report in accordance with financial out in accordance with the procedures, format, and timeframe
accounting standards. Maybank Indonesia as part of a business in the provisions regarding the Financial Services Authority
group, must add Quarterly Publication Report with: reporting system. The period of Monthly Publication Reports
a. Parent Entity consolidated financial statements which submitted are January, February, April, May, July, August, October
include financial statements of all entities in the business and November.
group in the financial sector; or
b. Consolidated financial statements of the Parent Entity TRANSPARENCY OF THE COMPANY’S
which includes the financial statements of all entities in the NON- FINANCIAL CONDITION
business group in the financial and non-financial sectors. The Bank’s non-financial transparency includes:
1. Corporate Governance Information, which includes the
To fulfill the publication requirements, Maybank Indonesia Annual Corporate Governance Report, Vision, Mission,
published the Financial Statements for the end of March, June Corporate Values, Composition and Profile of the Board of
and September 2023 through the company's website and for Commissioners and Board of Directors, as well as internal
the end of December 2023 position has also been published provisions related to governance ranging from the Articles
through Kontan newspaper. The Quarterly Publication Financial of Association to the Charter of Committees which are also
Statements and Consolidated Financial Statements have been published through the Bank’s website.
submitted to: 2. Information on the Bank’s products and services including
a. OJK (Bank Supervision Department) its office network is published through the Annual Report,
b. OJK (Capital Market Supervisor) leaflets, brochures or other written forms in each branch
c. Indonesia Stock Exchange office or in the form of electronic information provided on
the Bank’s website, or the Bank’s hotline service so that
In addition, the Consolidated Financial Statements as of the customers, investors and the wider community can easily
end of December 2022 have also been submitted to the Deposit access information on the Bank’s products and services.
Insurance Corporation. The Bank has announced the Quarterly 3. Information on Complaint Submission Procedures and
Publication Report in accordance with applicable regulations. The publication of reports submitted on the Bank’s website for
Quarterly Publication Report has also been announced through the implementation of consumer protection provisions.
the company’s website and online through the Financial Services 4. Information on ownership structure transparency in the
Authority reporting system (Apolo). The Quarterly Publication Bank’s Annual Report and website.
Report is signed at least by the President Director and 1 (one) 5. Other information aimed at supporting information
member of the Bank’s Board of Directors in charge of the disclosure, financial education and services to the public.
accounting function.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Provision of Funds to Related Party
and Large Exposure
As of December 31, 2023, the provision of funds to related parties and core debtors are as follows:
No Provision of Funds Debtors Nominal (Million Rupiah)
1. To Related Party 238 2,443,155
2. To Core Debtor:
- Individual 2 1,276,899
- Group 23 35,435,540
Provision of funds to related parties and to core debtors was carried out in line with the provisions of the Financial Services Authority
Regulation on the Maximum Lending Limit (LLL) and Large Exposure for Commercial Banks, and there were no LLL exceedances or
violations throughout 2023.
Periodically, the Bank submits reports to the Regulator including:
• Monthly Report on Maximum Lending Limit and Large Exposure individually
• Quarterly Report on Maximum Lending Limit and Large Exposure on a consolidated basis with Subsidiaries
• Six-monthly Report of List of Related Parties to the Bank
• Monthly Report of the Bank’s Core Debtors
The Bank has automated the reporting of the Maximum Lending Limit and Large Exposure, both individually for the Bank and
consolidated with subsidiaries, as well as the provision of Funds to Core Debtors. The Bank also has internal policies regarding the
management of the provision of funds to Related Parties and other than Related Parties to the Bank, as well as establishing internal
policies regarding the limit of provision of funds, such as the determination of internal limits on the provision of funds for debtors and
obligors.
The details of the Provision of Funds Report to Related Parties with the Bank (related party) for the position as of December 31, 2023, are
as follows:
Total Balance/Related Party
No Company’s Name
(Million Rupiah)
1 Malayan Banking Berhad
Not Excluded from LLL 345,871
Excluded from LLL 733,679
2 Maybank Sekuritas Indonesia
Not Excluded from LLL 132,764
Excluded from LLL 0
3 MOCS, Sdn Bhd 0
4 Sorak Financial Holding, Pte Ltd 0
5 Maybank Asset Management
Not Excluded from LLL 165
Excluded from LLL 0
6 Asuransi Etiqa Internasional Indonesia
Not Excluded from LLL 0
Excluded from LLL 124,065
7 Commissioners, Directors, Executive Officers and family relationships
Not Excluded from LLL 58,956
Excluded from LLL 45,654
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Total Balance/Related Party
No Company’s Name
(Million Rupiah)
8 PT Maybank Indonesia Finance
Not Excluded from LLL 65,018
Excluded from LLL 0
9 PT Wahana Ottomitra Multiartha
Not Excluded from LLL 332,375
Excluded from LLL 0
10 Investments in Subsidiaries:
PT Maybank Indonesia Finance 32,370
PT Wahana Ottomitra Multiartha 551,776
11 PT Lombok Saka
Not Excluded from LLL 17,449
Excluded from LLL 0
12 PT Bramanta Wana Parahita
Excluded from LLL 3,013
Information on Provision of Funds to the 10 largest debtors/obligors (Large Exposure) are as follows:
No Debtor/Obligor Name Collectibility Balance (Million Rupiah)
1 A 1 3,828,727
2 B 1 3,322,247
3 C 1 3,228,032
4 D 1 2,850,506
5 E 1 2,757,886
6 F 1 2,656,055
7 G 1 2,647,853
8 H 1 2,141,673
9 I 1 1,969,232
10 J 1 1,943,853
Provision of Funds for Social and Political
Activities
Based on the Bank’s internal policy as well as the Board of In terms of social activities, Maybank Indonesia has implemented
Directors Regulation related to Standard Operating Procedure several CSR Programmes that have a positive impact on a wider
(SOP) for CSR, the Bank and its employees must not be involved audience for the long term and sustainably. The implementation
in political activities, including providing funds for political of social activities will be reported in a special section on
purposes. During 2022, the Bank made no provision of funds Corporate Social Responsibility in this Annual Report.
for political activities. This policy is implemented to maintain
the independence and professionalism of the Bank and its
employees.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Procurement Policy of
Goods and Services
POLICY ACTIVITIES RELATED TO CRITERIA
Maybank Indonesia establishes a policy on procurement of goods AND SELECTION OF PARTNERS
and services as a guideline for the Bank in realising the purchase (SUPPLIERS)
of goods/services needed by work units to support the Bank’s In 2023, the selection process of prospective partners has been
operations or services to customers. The goods/services must carried out with reference to the applicable regulations, including
meet several important aspects, among others, in accordance SLIK checking, taking into account on the legality requirements,
with the established quality standards (requirements), the reputation (track record), existence and readiness of partners in
best price, the mechanism for delivery of goods/services, the providing goods/services needed by Maybank Indonesia.
mechanism for payment of bills and other matters as required by
the Bank. In accordance with applicable regulations, partners who are
selected to cooperate with Bank Maybank Indonesia through
Maybank Indonesia is committed to implementing a transparent a tender process, must have been registered in the Register of
and objective goods/services procurement process so that all Partners of PT Bank Maybank Indonesia Tbk. where the partners
partners are treated fairly. Partners are also not allowed to have previously passed the selection (scoring process) conducted
participate in the procurement process improperly such as by the Maybank Indonesia Vendor Relations team. In addition,
manipulating, misrepresenting important facts, or engaging in these partners must comply with the signed Maybank Indonesia
other fraudulent practices. Code of Ethics and Code of Conduct and behave professionally
in providing goods/services or carrying out cooperation on a
The Bank appreciates vendors who have participated in the project provided by Maybank Indonesia. In operational services
tender process in accordance with the established procedures to meet the needs of work units, Maybank Indonesia has been
and also to the selected vendors who realise the procurement of supported by the Procurement Management System (PMS)
goods/services needed. During the year 2023, tender participants and - Vendor Relation Management System (VRM) so that the
have followed/seen directly the tender process which was procurement process of goods/services and Vendor Registration
carried out in a transparent and objective manner where the Process can be realised effectively and efficiently.
tender was carried out by a credible tender team and at the
end of the tender process, the tender results were notified to
the participating tender participants. Overall, this policy is also
a manifestation of GCG values, namely TARIF (Transparent,
Accountable, Responsible, Independent and Fair).
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Customer Protection Policy
The Customer Protection Policy is closely related to the customer In line with this, Maybank Indonesia also focuses on various
complaint management policy, where in Maybank Indonesia the design activities, programs and provisions to improve customer
action is made in line with Maybank’s Mission of “Humanising protection of deposits and confidentiality of customer data by
Financial Services”, while still referring to the applicable continuing to be guided by applicable rules and regulations.
Consumer Protection and Complaint Handling regulations.
The Bank also set a Service tagline “Serve with CARE, Winning Maybank Indonesia implements an information technology
Our Customers” which shows the level of commitment from system that can protect and maintain all customer data and
Top Down Management through a strategic focus on increasing other protection activities, especially in terms of control and
Customer Engagement through the addition of the latest service monitoring awareness in minimising risks that have an impact on
innovations in the Electronic Channels area, development of the the security and comfort of customers as Maybank’s partners.
“Relationship Management” system, improvement/simplification
of end-to-end service processes and increasing the level of
communication in the CARE (Customers Are Really Everything)
campaign and Customer Centric Culture, which is the platform
for the transformation process of “Customer Experience” at
Maybank. This commitment is a tangible manifestation of the
Bank’s attention to the importance of Customer Perceived Values
for sustainable business growth at Maybank.
Corruption Policy
& Anti-Fraud Strategy Implementation
The Bank has in place an Anti Bribery and Corruption (AB&C) Policy that is aligned with supporting regulations, such as the provisions
of the Code of Ethics and Code of Conduct, Strategic Procurement, and provisions regarding the Implementation of Anti-Fraud Strategy.
The scope of Maybank Indonesia Policy generally regulates the following matters:
1. Bribery and corruption risk management
2. Provisions regarding the provision and acceptance of benefits or gifts and business meals
3. Business relationships with Suppliers, Vendors or Related Persons/Other Third Parties
4. Contributions to political, fundraising and charitable activities
5. Monitoring of
6. Record keeping and documentation
7. Whistleblowing
8. Training and Awareness
In addition, Maybank Indonesia also continues to optimise the existence of effective programs to support the implementation of the
Anti-Bribery and Corruption Policy within the Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Creditors' Rights Safeguard
To ensure the safeguarding of creditor rights and maintain Protection of creditors’ rights is contained in the contract agreed
creditor confidence, the Bank implements an honest and upon by both parties. As part of the implementation of creditor
transparent information disclosure system and treats all rights, the Bank also always carries out its obligations as agreed
creditors with equal treatment without discrimination. in a timely manner and strives to avoid delays or omissions that
could potentially cause losses to both parties.
By disclosing information, all creditors and business partners
may obtain relevant information according to their needs, Maybank Indonesia prioritises legal risk mitigation by ensuring
allowing each party to make objective decisions based on fair, that agreements with creditors and business partners adhere to
reasonable, and accurate considerations. the applicable laws and regulations to avoid issues that could
undermine the agreement, such as contract law violations and
insufficient collateral binding.
Dividend Distribution Policy
Description of Dividend Distribution Policy Along with Regulation contains implementation guidelines for activities
the Amount of Dividends Distributed (3 years) related to the Bank's Dividend Distribution to Shareholders, with
Dividends represent one form of profit distribution from the the aim of ensuring that these activities can be carried out more
company to shareholders based on the net profit obtained in effectively, accountably, organised, and timely, in compliance
the respective financial year (after deducting reserves) and can with applicable regulations.
only be distributed if the company has a positive profit balance,
namely the net profit of the company in the respective financial Board of Directors Regulation No. PER.DIR.2024.001/DIR
year after deducting the accumulated losses of the company COMPLIANCE concerning "Guidelines for the Process and
from previous financial years. Mechanism of Payment of Dividends to Shareholders" has been
communicated to Shareholders and is available on the Bank's
The Bank distributes dividends based on the provisions of website.
regulations applicable in Indonesia, especially those related
to the capital market, stock exchanges, taxation provisions, Dividends for Financial Year 2021
and banking regulations, and they must be approved by the In line with the decision made at the AGMS held on 25 March
shareholders in the Annual General Meeting of Shareholders 2022, the Bank paid dividends for the financial year 2021. Of total
(AGMS). net profits of Rp1,644,969,584,617 for the financial year 2021,
as much as Rp6.47496 (six rupiah point four seven four nine six
In accordance with the Financial Services Authority of the cents) per share, or 30% of the maximum total net profit in the
Republic of Indonesia Regulation No. 17 of 2023 regarding the amount of Rp493,490,875,385, has been paid as dividends to the
Implementation of Governance for Commercial Banks and in shareholders.
order to improve the management of shareholders' rights in
the implementation of Dividend Distribution, the Bank has an
Internal Policy regarding Dividend Distribution, as stipulated
in Board of Directors Regulation No. PER.DIR.2024.001/DIR
COMPLIANCE concerning "Guidelines for the Process and
Mechanism of Payment of Dividends to Shareholders," so that
the Dividend Distribution of the Bank to Shareholders can be
carried out in accordance with applicable laws and regulations
and guided by good governance for the Bank, while still
considering the interests of the Bank. This Board of Directors
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Dividends for Financial Year 2022
In line with the decision made at the AGMS held on 31 March 2023, the Bank paid dividends for the financial year 2022. Of total net
profits of Rp1,471,070,391,742,- for financial year 2022, as much as Rp7.72061,- (seven rupiah point seven two zero six one cents) per
share, or 40% of the maximum total net profit with the amount of Rp588,428,156,697,- has been paid as dividends to the shareholders.
Dividends for Financial Year 2023
The decision to determine the distribution of dividends from the Bank's net profit for the financial year 2023 will be submitted at the
2024 Annual GMS.
Description of Employee Share Ownership Program (ESOP/MSOP)
In 2023, the Bank did not implement Ownership Programme for employees and/or Management.
Conflict of Interest Policy
(including Insider Trading)
In order to realise the vision and mission of the company, The Bank has a Conflict of Interest Policy that aims to set rules,
maintain and maintain the trust of the public and customers, identify, reduce and manage potential conflicts of interest that
the Bank has developed a Conflict of Interest policy that must may arise as a result of the implementation of activities by the
be followed by all stakeholders in the Bank. In view of the above, Bank’s business units. This policy reaffirms the prohibition of
all business/activities outside the interests of the Bank and are the use of Insider Trading in personal transactions conducted by
the personal interests of employees and other related parties employees and/or management.
need to pay attention to applicable laws and regulations, internal
policies, ethical standards and company interests to avoid In the last three years there have been no allegations of insider
conflicts of interest that have the potential or can actually harm trading involving Directors/Commissioners, management and
and disrupt the Bank’s reputation. employees of Maybank Indonesia.
Every employee and management must carry out their duties and
responsibilities honestly, while working in the company must be
free from all interests outside the interests of the Bank which can
clearly adversely affect the implementation of their duties and
obligations in the company. In the event of a potential conflict
of interest in conducting transactions/business relationships/
investments, each employee and management is required to
notify or declare to the company through their direct supervisor/
Work Unit Head in accordance with applicable regulations.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Affiliated Transactions and Conflict of
Interest Transactions as per Financial
Services Authority Regulation No. 42/
POJK.04/2020 regarding "Affiliated
Transactions and Conflict of Interest
Transactions"
Affiliated Transactions at Maybank Indonesia have been conducted in compliance with the guidelines outlined in Financial Services
Authority Regulation No. 42/POJK.04/2020 regarding Affiliated Transactions and Conflict of Interest Transactions ("POJK 42").
This involves adhering to the "arms' length" principle and implementing procedures to guarantee that such transactions align with
widely recognised business standards and adhere to principles of equitable dealing. Maybank Indonesia has established internal
regulations overseeing Affiliated Transactions and Conflict of Interest Transactions, aligning with existing laws and regulations, market
requirements, and contemporary best practices in the capital market.
In 2023, Maybank Indonesia conducted Affiliated Transactions in compliance with POJK 42 regulations.
As per POJK 42 guidelines, Affiliated Transactions are only mandated to be reported to the Financial Services Authority ("OJK") and the
Indonesia Stock Exchange ("IDX") if they meet the specific criteria outlined by OJK and IDX. Transactions that do not meet these criteria
are not required to be reported.
Transactions with Affiliated Parties reported to OJK and IDX are presented in the following table:
Nature of Affiliation with Maybank
No. Affiliated Party Object of Affiliated Transaction
Indonesia
1 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Affiliated Transaction is the Transaction
Maybank Indonesia and MBB is based on of providing Monitoring Alert services and Communication
the relationship between the company Surveillance System support from MBB to Maybank
and the ultimate shareholder. Indonesia.
MBB is the Major Shareholder of Maybank
Indonesia.
2 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Affiliated Transaction is the reimbursement
Maybank Indonesia and MBB is based on of TeamMate Application Annual License Maintenance Fee
the relationship between the company from Maybank Indonesia to MBB.
and the ultimate shareholder.
MBB is the Major Shareholder of Maybank The amount of TeamMate Application Annual License
Indonesia. Maintenance Fee which is the obligation of Maybank
Indonesia has been paid by MBB to Commerce Clearing
House (CCH, Malaysia) Sdn. Bhd. Maybank Indonesia is then
obliged to make a reimbursement payment for the TeamMate
Application Annual License Maintenance Fee to MBB.
3 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Affiliated Transaction is the reimbursement
Maybank Indonesia and MBB is based on of LinkedIn Premium Fee for Talent Enterprise Programme
the relationship between the company from Maybank Indonesia to MBB.
and the ultimate shareholder.
MBB is the Major Shareholder of Maybank The amount of LinkedIn Premium Fee for Talent Enterprise
Indonesia. Programme which is the obligation of Maybank Indonesia has
been paid by MBB to LinkedIn Singapore. Maybank Indonesia
is then obliged to make reimbursement payments of LinkedIn
Premium Fees for the Talent Enterprise Program to MBB.
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Nature of Affiliation with Maybank
No. Affiliated Party Object of Affiliated Transaction
Indonesia
4 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Transaction is the reimbursement payment
Maybank Indonesia and MBB is based on of Etiqa Insurance Premium - Bankers Comprehensive Crime
the relationship between the company and Civil Liability (BCPI) & Cyber Insurance ("Insurance") from
and the ultimate shareholder. Maybank Indonesia to Malayan Banking Berhad.
MBB is the Major Shareholder of Maybank The holder of this Insurance Policy is Malayan Banking
Indonesia. Berhad. The insured entities in this Insurance Policy are MBB
and all subsidiaries of MBB, so Maybank Indonesia is one of
the insured entities in this Insurance Policy.
The amount of Insurance Premium which is the obligation of
Maybank Indonesia has been paid by MBB to Etiqa. Maybank
Indonesia is then obliged to make reimbursement payments
of Insurance Premiums to MBB.
5 PT Maybank Asset Management The Affiliate Relationship between The object of the Transaction is a space of ± 621.18 m2 owned
(“MAM”) Maybank Indonesia and MAM is based by PT Senayan Trikarya Sempana which is located at Gedung
on the relationship between 2 (two) Sentral Senayan III, MZ floor, Jalan Asia Afrika No.8, Gelora
companies that are indirectly controlled Bung Karno, Central Jakarta ("Leased Space").
by the same party. The Major Shareholder
of MAM and Maybank Indonesia is Maybank Indonesia is the Leaseholder of the Lease Room
Malayan Banking Berhad. owned and managed by PT Senayan Trikarya Sempana and
Maybank Indonesia transfers part of the lease rights to the
Lease Room to MAM as the Transferee of the Lease Rights in
this Transaction.
6 PT Maybank Sekuritas Indonesia The Affiliate Relationship between The object of the Transaction is a space of ± 1,864.22 m2
(“MSI”) Maybank Indonesia and MSI is based owned by PT Senayan Trikarya Sempana which is located at
on the relationship between 2 (two) Gedung Sentral Senayan III, 22nd floor, Jalan Asia Afrika No.8,
companies that are indirectly controlled Gelora Bung Karno, Central Jakarta ("Leased Space").
by the same party. The Major Shareholder
of MSI and Maybank Indonesia is Malayan Maybank Indonesia is the Leaseholder of the Lease Room
Banking Berhad. owned and managed by PT Senayan Trikarya Sempana and
Maybank Indonesia transfers part of the lease rights to the
Lease Room to MSI as the Transferee of the Lease Rights in
this Transaction.
7 Maybank Shared Services, Sdn. The Affiliated Relationship between The object of the Transaction is the reimbursement of
Bhd. (“MSS”) Maybank Indonesia and MSS is based on maintenance fees and Kondor + application licenses from
the relationship between two companies Maybank Indonesia to Maybank Shared Services, Sdn. Bhd.
that are controlled, either directly or
indirectly by the same party. The amount of maintenance fee and Kondor+ application
MSS is an affiliated company with license which is the obligation of Maybank Indonesia has
Maybank Indonesia, because MSS and been paid by MSS to Finastra. Maybank Indonesia is then
Maybank Indonesia are controlled, either obliged to make reimbursement payments for maintenance
directly or indirectly by the same party, costs and Kondor + application licenses to MSS.
namely Malayan Banking Berhad.
Throughout 2023, all Affiliated Transactions conducted by Maybank Indonesia were found to be free from conflict of interest, as
defined in Financial Services Authority Regulation No. 42/POJK.04/2020 regarding "Affiliated Transactions and Conflict of Interest
Transactions."
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Bad Corporate
Governance Practices
No Description Year 2023
1 Reported as a company that pollutes the environment Nil
2 Important cases that are being faced by the company, subsidiaries, members of the board of directors Nil
and/or members of the board of commissioners who are currently serving are not disclosed in the
Annual Report.
3 Non-compliance in fulfilling tax obligations Nil
4 Discrepancies in the presentation of annual reports and financial statements with applicable Nil
regulations and PSAKs
5 Cases related to labor and employees Nil
6 There is no disclosure of operating segments in listed companies Nil
7 There are discrepancies between hardcopy and softcopy Annual Reports Nil
Bank Strategic Plan
Maybank Indonesia’s strategy plan is presented in the Management Discussion and Analysis chapter, the Business Prospects sub-
chapter. Maybank Indonesia describes the Bank's business prospects in connection to industry conditions, the broader economy, and
international markets, backed up by quantitative data from credible sources. Furthermore, in the sub-chapter, Maybank Indonesia
describes the Bank’s future plans, strategies, and policies.
Ratio of Highest and Lowest Salary and
Variable Remuneration Received by
Employees
Employee Salary Ratio
Magnitude of Ratio
Ratio Type
2022 2023
Ratio of highest and lowest employee salary 46.41 47.14
Ratio of highest and lowest Directors’ salary 3.06 3.06
Ratio of highest and lowest Commissioner’s salary 1.27 1.27
Salary ratio of highest Directors and highest employees 3.34 3.29
Variable Remuneration for Employees in 2023
Amount received in 1 year
Variable Remuneration Employees
People Rp (Million)
Total 6,355 198,354.05
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Implementation of OJK Public Company
Governance Guidelines
In line with the Financial Services Authority Regulation (POJK) Number 21/POJK.04/2015 on the Implementation of Public Company
Governance Guidelines and Financial Services Authority Circular Letter (SEOJK) Number 32/SEOJK.04/2015 on Public Company
Governance Guidelines, Maybank Indonesia implements 5 (five) aspects and 8 (eight) principles of Good Corporate Governance and 25
(twenty-five) recommendations. Maybank Indonesia has implemented these Governance aspects and principles using the “comply or
explain” approach. In general, Maybank Indonesia has complied with these recommendations with the following details:
Aspects Principle Recommendation Implementation
1. Relationship between Principle 1: a.1. Public companies have a method or technical Comply
Public Listed Company Increasing the Value of procedure for collecting votes (voting) both
and Shareholders Organising the General openly and privately that prioritises the The Bank has complied with this recommendation.
in Guaranteeing Meeting of Shareholders independence and interests of shareholders.
The procedure for voting is set out in the Bank’s
Shareholders’ Rights (GMS)
Articles of Association.
In the implementation of each General Meeting of
Shareholders, the voting mechanism is part of the
meeting rules that are informed to shareholders
through announcements on the Company’s website
and read out at the beginning of the General
Meeting of Shareholders.
a.2 All members of the Board of Directors and Board Comply
of Commissioners of the company are present at
the annual GMS. The Bank has fulfilled this recommendationAll
members of the Board of Directors and Board of
Commissioners attended the 2023 AGM.
a.3 The summary of the minutes of the GMS is Comply
available on the company’s website for at least
1 (one) year. Summary of GMS Minutes for 2022, both in
Bahasa Indonesia and English has been announced
at the latest 1 (one) working days after the
implementation of the GMS uploaded on the
Maybank Indonesia Website, OJK, KSEI eAsy
and IDX Electronic Reporting System. Maybank
Indonesia Website, presents information related to
the implementation of GMS, including Summary
of GMS Minutes in the last 5 (five) years. Maybank
Indonesia also displays the summary of GMS
minutes in Indonesian and English uploaded 1
(one) working days after the GMS on the Maybank
Indonesia Website.
Principle 2: 2.1 Public companies have a communication policy Comply
Improving the Quality with shareholders or investors.
of Open Company The Bank has developed a policy on communication
Communication with with shareholders and investors as recommended.
Shareholders or Investors
2.2 Public Listed Company discloses its communication Comply
policy with shareholders or investors on its website.
The Bank has fulfilled this recommendation.
Maybank Indonesia’s communication policy
with shareholders or investors on the Maybank
Indonesia website.
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2. Functions and Roles Principle 3: 3.1 Determination of the number of members of Comply
of the Board of Strengthening the the Board of Commissioners considers the
Commissioners Membership and condition of the public company. Membership and Composition of the Board of
Composition of the Board Commissioners Maybank Indonesia has fulfilled the
of Commissioners provisions of Article 20 POJK No. 33/POJK.04/2014
concerning Directors and Board of Commissioners
of Issuers or Public Companies, namely the number
of members of the Board of Commissioners is more
than 2 (two) people. The number of Maybank
Indonesia’s Board of Commissioners is 8 (eight)
members consisting of 4 (four) Independent
Commissioners and 4 (four) Non-Independent
Commissioners. In addition to the requirements
of relevant regulations, consideration are
also made of the Bank’s own conditions when
determining the number of members of the Board
of Commissioners.
3.2 Determination of the composition of the Comply
Board of Commissioners takes into account
the diversity of expertise, knowledge and Determination of the composition of the Bank’s
experience required. Board of Commissioners takes into account the
diversity of expertise, knowledge and experience
in accordance with the needs and strategic plans of
the Bank. The fulfillment of this recommendation
refers to the prevailing regulations.
Principle 4: 4.1 The BOC has a self-assessment policy to assess Comply
Strengthening the the performance of the BOC.
Membership and The Bank has a policy for self-assessment and
Composition of the Board peer-assessment of the performance of the
of Commissioners Board of Commissioners through the Board of
Commissioner (“BOC”) and BOC Committees
Effectiveness Evaluation (“BEE”) framework, so the
Bank has fulfilled this recommendation.
4.2 Self-assessment policy to assess the Comply
performance of the Board of Commissioners,
disclosed in the company’s annual report.
The self-assessment and peer assessment policies
for assessing the performance of the Board of
Commissioners and Board of Commissioners
Committees are disclosed in the 2023 Annual
Report.
4.3 The Board of Commissioners has a policy Comply
regarding the resignation of members of the
Board of Commissioners if they are involved in Policies related to resignation for members of the
financial crimes. Board of Commissioners of Maybank Indonesia
are regulated in the Articles of Association. Article
18 paragraph (7) letter e of Maybank Indonesia’s
Articles of Association states that the term of
office of the Board of Commissioners ends if one
of them no longer meets the requirements of the
applicable legislation.
4.4 The Board of Commissioners or the committee Comply
that carries out the nomination and
remuneration function develops a succession The Bank has a Nomination and Remuneration
policy in the process of nominating members Committee that has developed policies on the
of the board of directors. nomination process and succession planning for
members of the Board of Directors.
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3. Functions and Roles of Principle 5: 5.1 The determination of the number of members Comply
the Board of Directors Strengthening the of the Board of Directors considers the
Membership and condition of the public company as well as the The composition of the Board of Directors of
Composition of the Board effectiveness in decision making. Maybank Indonesia has fulfilled the provisions
of Directors of Article 20 POJK 33/POJK.04/2014 concerning
Directors and Board of Commissioners of Issuers or
Public Companies, namely the Board of Directors
of Issuers or Public Companies consists of at least
2 (two) members of the Board of Directors. The
number of Directors of Maybank Indonesia as
of December 31, 2023 is 9 (nine) people and the
determination has been based on the strategic
needs of Maybank Indonesia. The effectiveness
in decision making of the Board of Directors is
regulated in the Articles of Association of Maybank
Indonesia. The Articles of Association could be
accessed through Maybank Indonesia’s official
website.
5.2 Determination of the composition of the Comply
members of the Board of Directors pays
attention to the diversity of expertise, Determination of the composition of the Board of
knowledge and experience required. Directors of Maybank Indonesia takes into account
the diversity of expertise, knowledge, educational
background and experience required by the Bank
and the fulfillment of this recommendation,
Maybank Indonesia also refers to applicable
regulations.
5.3 Members of the Board of Directors in charge of Comply
accounting or finance have expertise and / or
knowledge in the field of accounting Ms. Thilagavathy Nadason - Finance Director
of Maybank Indonesia has good expertise and
knowledge in accounting as in her educational
background and experience listed in the Profile of
the Board of Directors in this annual report.
Principle 6: 6.1 The Board of Directors has a self-assessment Comply
Improving the Quality of policy to assess the performance of the Board
the Implementation of the of Directors. The performance assessment mechanism of
Duties and Responsibilities the Board of Directors is carried out through
of the Board of Directors a comparison between targets and actual
achievements of the Bank, in accordance with
the areas of responsibility of each member of
the Board of Directors in accordance with the
established Balance Scorecard.
6.2 The self-assessment policy to assess the Comply
performance of the Board of Directors is
disclosed in the annual report of the public The self-assessment policy for assessing the
company. performance of the Board of Directors has been
disclosed in the 2023 Annual Report.
6.3 The Board of Directors has a policy regarding Comply
the resignation of members of the Board
of Directors if they are involved in financial Policies related to resignation for members of
crimes. the Board of Directors of Maybank Indonesia are
regulated in the Articles of Association. Article
15 paragraph (10) letter e of Maybank Indonesia’s
Articles of Association states that the term of
office of the Board of Directors ends if one of them
no longer meets the requirements of the applicable
legislation.
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4. Stakeholder Principle 7: 7.1 Publicly listed companies have Comply
Participation Improving Corporate policies to prevent the occurrence of
Governance Aspects insider trading. The Bank has a Code of Ethics and Code of Conduct
through Stakeholder policy that prohibits insider trading.
Participation
7.2 Publicly listed companies have an anti- Comply
corruption and anti-fraud policy
Maybank Indonesia Anti-Bribery and Corruption
policies and procedures. The implementation of
the Anti-Bribery and Corruption framework is
described in this Annual Report.
7.3 Publicly listed companies have a policy on Comply
the selection and improvement of supplier or
vendor capabilities. The Bank has a policy on the selection and
upgrading of suppliers or vendors so the Bank has
fulfilled this recommendation.
7.4 Publicly listed companies have a policy on the Comply
fulfillment of creditors’ rights.
In order to protect creditors' rights, the Bank
implements an honest and transparent information
disclosure system and treats all creditors equally
without discrimination.
With information disclosure, all creditors and
business partners have the right to obtain relevant
information according to their needs so that each
party can make objective decisions based on fair,
reasonable, and accurate considerations.
Protection of creditor rights is stipulated in the
agreement agreed by both parties. As part of the
implementation of creditors' rights, the Bank
also always carries out its obligations as agreed
in a timely manner and strives to avoid delays or
negligence that have the potential to cause losses
to both parties.
7.5 Publicly listed companies have a whistle Comply
blowing system policy
The Bank has a whistleblowing system policy
which information can be accessed on the
Maybank Indonesia website. In addition, the
Board of Commissioners of Maybank Indonesia
has also established a Whistleblowing Governance
Committee in order to support the supervisory
function of the Board of Commissioners in terms of
whistleblowing governance in Maybank Indonesia.
The implementation of the whistleblowing policy
and the duties of the Whistleblowing Governance
Committee are disclosed in this annual report.
7.6 The Company has a policy for the provision Comply
of long-term incentives to Directors and
employees. In terms of providing long-term incentives to
Commissioners and Directors, Maybank Indonesia
refers to POJK No. 45/POJK.03/2015 concerning
the Implementation of Governance in Providing
Remuneration for Commercial Banks.
5. Information Principle 8: 8.1 Publicly listed companies utilise information Comply
Improving the technology to a greater extent than websites
Implementation of as a medium for information disclosure. Maybank Indonesia has a website as a media for
Information Disclosure information disclosure so that the Bank has fulfilled
this recommendation.
8.2 The annual report of a publicly listed company Comply
discloses the ultimate beneficial owner in
the ownership of shares of a publicly listed As in this Annual Report, the Bank discloses
company of at least 5% (five percent), in that the beneficial owners have fulfilled this
addition to the disclosure of the ultimate recommendation by disclosing the structure of the
beneficial owner in the ownership of shares of main and controlling shareholders.
a publicly listed company through the major
shareholders and controlling shareholders.
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General Guidelines for Indonesian
Corporate Governance (PUGKI)
The National Committee on Governance Policy (KNKG) issued the General Guidelines for Indonesian Corporate Governance (PUGKI)
2021 which serves as a guideline for global standard corporate governance practices. The guidelines are recommended especially for
corporations listed on the capital market and managing public funds, including Maybank Indonesia.
PUGKI 2021 consists of eight principles divided into three groups of principles:
1) the first group of principles, which regulates the management and supervisory functions of the corporation, namely the Board of
Directors and the Board of Commissioners, is presented in principles 1 through 3;
2) the second group of principles, which govern the processes and outputs produced by the Board of Directors and the Board of
Commissioners, are presented in principles 4 through 6; and
3) the third group of principles, which governs the owners of resources, who will primarily benefit from the implementation of
corporate governance, are presented in principles 7 and 8.
Maybank Indonesia implements PUGKI 2021 principles and recommendations based on the “comply or explain” approach with details of
its implementation, as follows:
Principle Recommendation Implementation at Maybank Indonesia
Principle 1: 1.1 Roles and 1.1.1 To achieve sustainable value creation, the BOD Comply
Roles and Responsibilities exercises its leadership role and seeks to achieve the
Responsibilities of the Board of following governance outcomes: The Board of Directors sets high standards of business ethics
of the Board of Directors a. competitive and focused on long-term and ensures the implementation of a code of ethics that
Directors and Board performance; creates a corporate culture of integrity. This is done, among
of Commissioners b. ethical and responsible in conducting business; others, by implementing the TIGER work culture. The Board
c. contributing positively to society and the of Directors has made the optimisation of the application
environment; and of the latest information technology as one of the pillars
d. having the ability to survive and grow (corporate of strategy in achieving both short and long term business
resilience). targets.
1.1.2 The Board of Directors shall ensure that the mission,
vision, goals, objectives, strategies, and annual and The Bank’s risk management and internal control systems
medium-term plans of the corporation are consistent are always aligned with the Bank’s vision, mission, goals,
with long-term goals, by effectively utilising innovation objectives and corporate strategies as well as complying with
and technology. prevailing laws and standards. The Board of Directors ensures
1.1.3 The Board of Directors ensures that the corporation that everyone involved in the preparation and disclosure
implements an appropriate and effective risk of corporate information has the relevant professional
management and internal control system that is certification issued by a reputable institution.
aligned with the corporation’s vision, mission, goals,
objectives, and strategies and complies with applicable Periodically, the Board of Directors also submits a report
laws and standards. commenting on the Quarterly Financial Report and is
1.1.4 The Board of Directors ensures the integrity of the published together with the Quarterly Financial Report.
corporation’s accounting and financial reporting
systems and the timely and accurate disclosure of all The Board of Directors and the Management have ensured
material information regarding the corporation. that the Sustainability Report is prepared based on a
1.1.5 The Board of Directors ensures that sustainability reporting framework that is appropriate to the size and
reporting has been properly prepared. complexity of the corporation and meets national and/or
1.1.6 The Board of Directors establishes a framework for global standards. The Board of Directors ensured that the
corporate information technology (IT) governance Bank has an Information and Technology resource allocation
that is aligned with the corporation’s business needs policy that ensures adequate and optimal investment and
and priorities, drives business opportunities and allocation of Information and Technology resources. The
performance, strengthens risk management, and Board of Directors ensures that the Syariah Business Unit has
supports corporate goals and strategies. adequate and effective supporting tools.
1.1.7 For corporations that carry out business activities
based on Sharia principles, the Board of Directors The Maybank Indonesia Board of Directors Charter is
needs to ensure adequate authority and availability of reviewed periodically. In addition to the BOD Charter, the
supporting tools so that the Sharia Supervisory Board roles of individual Directors are determined annually by
can carry out its role effectively. resolution of the General Meeting of Shareholders. The
1.1.8 The Charter of the Board of Directors is periodically division of duties and authorities among members of the
reviewed. The Charter includes, among others, the Board of Directors for 2022, based on the Resolution of
division of roles of individual Directors, which can be the Annual General Meeting of Shareholders of Maybank
regulated in the Charter of the Board of Directors or by Indonesia dated March 25, 2022, which approved the duties
a resolution of the Board of Directors. and authorities among members of the Board of Directors for
1.1.9 The Board of Directors has a policy regarding the the fiscal year 2022. Based on the resolution of the AGMS,
resignation of members of the Board of Directors the duties and authorities are determined through a Board of
if they are involved in financial crimes and proven Directors Resolution.
guilty.
The process of selection, appointment, dismissal, and/or
replacement of members of the Board of Commissioners,
Board of Directors and Independent Parties as Members
of the Bank’s Board of Commissioners Level Committee, is
regulated in the Nomination and Remuneration Committee
charter.
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1.2 Performance 1.2.1 The BOC conducts an annual formal evaluation Applied
Appraisal objectively and independently to determine the
- Board of effectiveness of the BOD and each individual Director. The Board of Commissioners through the Nomination
Directors and and Remuneration Committee assess the performance of
its Members 1.2.2 The BOC, with consideration from the Nomination the Board of Directors using the criteria as described in
and Remuneration Committee, is responsible for assessment of Board of Directors’ performance
determining the performance evaluation criteria and (Including President Director - Chief Executive Officer) in this
assessing the performance of the President Director Annual Report.
and other members of the BOD.
The BOC ensures that the President Director’s performance
evaluation is based on pre-determined criteria that have been
communicated to him in advance. The criteria or performance
evaluation should incentivise the President Director to
fulfill his role in supporting the achievement of corporate
objectives and sustainable value creation.
1.3 Roles and 1.3.1 The BOC reviews the corporate strategy at least Applied
Responsibilities annually and approves the mission, vision and
of the Board of corporate strategy formulated by the BOD. The BOC Supervision over the formulation and implementation of the
Commissioners also reviews, advises and approves the business plan Bank’s strategies and policies is carried out by the Board of
and long-term financial plan and short-term financial Commissioners by providing the necessary support, advice
plan of the corporation. The BOC advises and monitors and consultation in the preparation of the RBB and the
the BOD on the management of their implementation. achievement of the targets set out in the RBB.
The Board of Directors and the Board of Commissioners
are involved in decisions that are very important to the In accordance with the Bank’s Articles of Association, the
corporation, regulated in the articles of association of Board of Commissioners provides decisions regarding several
the corporation. matters including to purchase or otherwise acquire/obtain
1.3.2 The type of decision that requires the approval of immovable property (rights to land and/or buildings) and/or
the Board of Commissioners must be disclosed in the companies, which are not in the context of saving receivables;
annual report. To sell or otherwise transfer the rights of immovable
1.3.3 Taking into account the recommendations of the property (rights to land and/or buildings) and/or companies,
Nomination and Remuneration Committee, the Board excluding the sale of former collateral in the context of saving
of Commissioners proposes to, and to be decided receivables; To encumber, mortgage or otherwise pledge/
by, the GMS the appointment and/or dismissal of collateralise the Company’s assets; To take part or participate
members of the Board of Directors and members or dispose of, either partially or wholly, in other companies
of the Board of Commissioners. In proposing the or entities or organise new companies that are not in the
above, the Board of Commissioners pays attention to context of receivables rescue, in accordance with applicable
diversity, nondiscriminatory elements and provides regulations; To borrow money or receive credit facilities or
equal opportunities without distinguishing ethnicity, other banking facilities that are not the Company’s daily
religion, race, intergroup and gender. The Board of business activities in the amount determined from time to
Commissioners ensures that the nomination and time by the Board of Commissioners Meeting, unless the
election process for members of the Board of Directors provisions of the law determine the approval of the Board of
and members of the Board of Commissioners is formal Commissioners; To conduct Foreign Exchange Transactions
and transparent. and derivatives in the form of interest rates or foreign
1.3.4 The Board of Commissioners or the Committee exchange with banks, both at home and abroad, where the
carrying out the nomination function develops a Company must sign agreements such as ISDA (International
succession policy in the nomination process for Swap Dealers Association), ICOM (International Currency
members of the Board of Directors. Each year the Options Market) or other equivalent agreements; To lend
Board of Commissioners reviews the report on the money or provide credit facilities or other banking facilities
implementation of the development and succession that are not part of the Company’s day-to-day business
plan submitted by the President Director. activities in an amount determined from time to time by the
1.3.5 The Board of Commissioners a). proposes to the Board of Commissioners Meeting, unless statutory provisions
GMS, which may be preceded by a proposal from the require the approval of the Board of Commissioners; To issue
Committee carrying out the remuneration function, the bank guarantees or in any other way become a guarantor
amount of remuneration for members of the Board of (borg) or avalis to guarantee the payment of debts or financial
Directors and members of the Board of Commissioners obligations of other persons/parties.
that is aligned with sustainable corporate development
and the long-term interests of the corporation and In addition, the Board of Commissioners approves loans to
shareholders; b). periodically reviews the remuneration parties related to the Bank, in accordance with the provisions
system of the Board of Directors and the Board of of the applicable authorities.
Commissioners.
1.3.6 The Board of Commissioners oversees the effectiveness The Board of Commissioners plays an active role in the
of corporate governance policies and their appointment and/or dismissal process of members of
implementation and proposes changes if necessary. the Board of Directors and members of the Board of
1.3.7 The Board of Commissioners monitors and directs that Commissioners, taking into account diversity, expertise/
the corporation implements appropriate and effective experience, nationality, gender, age level and independence.
risk management and internal control systems that
are aligned with the goals, objectives and strategies of
the corporation and comply with applicable laws and
regulations, codes of conduct and standards.
1.3.8 The BOC oversees and directs the integrity of the
Corporation’s accounting and financial reporting
systems, as well as the independence of the internal
and external audit functions.
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1.3.9 The BOC monitors, reviews and approves the In order to prepare for leadership regeneration, the Bank
Corporation’s annual report and sustainability has and implements a succession policy for the Board of
report and ensures their integrity, and oversees the Directors and/or Senior Management which regulates several
Corporation’s disclosure and communication processes. matters as stated in the Annual Report. The Nomination and
1.3.10 The Board of Commissioners Charter is periodically Remuneration Committee discusses the remuneration of
reviewed. the Board of Commissioners by considering information on
1.3.11 The BOC has a policy regarding the resignation of BOC the range and standard of remuneration with industry peers
members if they are involved in financial crimes and in the market and the Bank’s ability; the Nomination and
proven guilty. Remuneration Committee provides recommendations for
1.3.12 Independent Commissioners are expected to further discussion at the Board of Commissioners Meeting;
contribute to honest, objective, active and constructive the Board of Commissioners studies the recommendations of
discussions at BOC meetings. the Nomination and Remuneration Committee and proposes
1.3.13 The President Commissioner serves as the coordinator the remuneration to the GMS; and the GMS determines the
of the BOC and ensures its effectiveness. The President remuneration for the Board of Commissioners.
Commissioner encourages a culture of openness and
constructive dialog that allows a wide range of views The Board of Commissioners continues to assess the
to be expressed, including coordinating the setting quality of GCG implementation, both independently (self-
of appropriate board meeting agendas and ensuring assessment) and in collaboration with third parties to obtain
sufficient time is available to discuss all agendas. In more independent assessment results. On an individual and
addition, there should also be opportunities for the consolidated basis, the Bank’s GCG Rating is 2 (GOOD),
BOC to meet with the BOD and senior management. reflecting that the Bank’s management has implemented
adequate GCG principles. The Board of Commissioners
regularly and periodically monitors the effectiveness of the
Bank’s risk management system and internal control system.
As part of the Bank’s strategy setting process, the Board of
Commissioners determines the risk appetite as a direction
for business units on the level of risk to be taken, taking into
account external and internal conditions as well as the Bank’s
capabilities and limitations. The Board of Commissioners,
through the established Committees, periodically assesses
the control environment and conducts independent
assessments that are communicated to the Board of Directors
for follow-up.
The preparation of the Annual Report and Sustainability
Report is reviewed and approved by the BOC.
The BOC Charter is reviewed and updated periodically.
The process of selection, appointment, dismissal and/or
replacement of members of the Board of Commissioners,
Board of Directors and Independent Parties, is regulated in
the Nomination and Remuneration Committee Charter.
All Independent Commissioners of the Bank have passed
the Fit and Proper Test and have obtained OJK approval as
Independent Commissioners and are appointed based on
GMS approval. The President Commissioner of the Bank
has duties and responsibilities including coordinating the
implementation of the duties and responsibilities of the
Board of Commissioners, as well as providing proposals for
holding meetings including meeting agendas.
1.4 Establishment 1.4.1 The Corporation has committees under the Board of Applied
of the Commissioners consisting of at least: Audit Committee,
Committee Nomination and Remuneration Committee and Risk 1.4.1 Committees at the Board of Commissioners level
Management Monitoring Committee. consist of the Audit Committee, Risk Monitoring
1.4.2 The Board of Commissioners ensures that the members Committee, Nomination and Remuneration
of the Audit Committee are entirely independent Committee, and Integrated Governance Committee.
and other committees formed by the Board of As a reinforcement in carrying out the duties and
Commissioners have a majority of independent parties, supervisory functions of the Board of Commissioners,
and all committee members are competent, committed, the Bank established additional committees, namely
and have sufficient authority to carry out their roles the Whistleblowing Governance Committee and the
effectively and independently. Information and Technology Monitoring Committee.
1.4.3 To ensure objective and independent monitoring of the 1.4.2 The Board of Commissioners ensures that all
Audit Committee’s duties, the President Commissioner members of the Audit Committee have met all
may not be the chairman of the Audit Committee, independence criteria and are able to perform their
except in exceptional circumstances which must be duties independently. All members of the Bank’s
explained in the annual report. Audit Committee are Independent Commissioners and
Independent Parties, thus meeting the independence
requirements.
1.4.3 The Bank's Audit Committee consists of 5 (five)
members, consisting of 3 (three) Independent
Commissioners, one of whom is the Chairman
concurrently as member, and 2 (two) Independent
Party members with competencies and qualifications
in accounting and banking finance. The number,
composition, membership composition and
independence of all members of the Audit Committee
have fulfilled the applicable provisions as in OJK
Regulation on the Implementation of Governance
for Commercial Banks and OJK Regulation No.
55/POJK.04/2015 on the Establishment and
Implementation Guidelines for the Audit Committee
and other related provisions. Provisions regarding
the implementation of Maybank Indonesia Audit
Committee duties are regulated in the Audit
Committee Charter.
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1.5 Performance 1.5.1 The BOC conducts a formal annual objective evaluation Applied
Appraisal to determine the effectiveness of the Board, its
- Board of committees, and each individual Commissioner. Maybank Indonesia Board of Commissioners undergoes
Commissioners an annual formal evaluation through the Board of
and its Commissioners ("BOC") and BOC Committees Effectiveness
Members Evaluation ("BEE") framework. This evaluation is conducted
to assess the effectiveness of the Board of Commissioners
(including the President Commissioner) and its Committees
in carrying out their duties. The criteria and results of the
BEE assessment are based on several factors outlined in this
Annual Report.
1.6 Conflict of 1.6.1 Members of the Board of Directors who hold Applied
Interest concurrent positions outside the corporation must
obtain approval from the Board of Commissioners. A 1.6.1 Members of the Bank's Board of Directors who hold
Commissioner informs the Board of Commissioners concurrent positions outside the corporation have
and the chairman of the committee that carries out obtained approval from the Board of Commissioners.
the nomination function, before accepting a new Especially for members of the Board of Directors
appointment as a Director or Commissioner of a who have concurrent positions in order to carry out
publicly listed corporation, other Directorships or other supervisory duties on non-Bank subsidiaries. This
positions with significant time commitments. dual position is an assignment from the Bank as the
1.6.2 The BOC monitors and manages potential conflicts of shareholder. In addition, before accepting a new
interest of management, members of the BOD, BOC appointment as a Director or member of the Board of
and shareholders, including misuse of corporate assets Commissioners, the Nomination and Remuneration
and abuse in related party transactions. Commissioners Committee has ensured that the candidate does not
who have a conflict of interest do not participate in hold a position that is prohibited in the OJK Regulation.
monitoring and decision-making on potential conflicts
of interest involving the Commissioner or an affiliate of 1.6.2 In carrying out their duties and responsibilities,
the Commissioner concerned. all members of the Board of Commissioners are
committed to avoiding potential conflicts of interest or
always positioning themselves not to be in a potential
conflict of interest in any situation as stipulated in the
applicable provisions and regulations.
In the event of a conflict of interest, members of the
Board of Commissioners are prohibited from taking
actions that may harm or reduce the Bank’s profits and
must disclose the potential conflict of interest in every
decision making.
1.7 Competency 1.7.1 The BOC ensures that members of the BOD and Applied
Improvement BOC understand their roles and responsibilities, the
for Members characteristics and operations of the corporation, The Board of Commissioners and the Board of Directors
of the Board relevant laws and standards and other applicable have participated in education and training with the aim of
of Directors obligations. The Board of Directors through the enhancing strategic capabilities, mining business knowledge,
and Board of corporate secretary supports all Board members in improving leadership, developing new skills, as well as
Commissioners updating and refreshing their skills and knowledge improving and maintaining the quality of their banking
required to perform their roles on the Board. services. The details of the education and training attended
by the Board of Commissioners and Board of Directors are set
out in the Annual Report.
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Prinsip 2: 2.1 Composition 2.1.1 In determining Director candidates, the BOC through Applied
Composition and of the Board the Nomination and Remuneration Committee does
Remuneration of Directors not rely solely on recommendations from the BOC, 2.1.1 Maybank Indonesia may use the services of
of the Board of and Board of management or majority shareholders. The BOC independent and reputable third parties (search firms)
Directors and Board Commissioners through the Nomination and Remuneration Committee in the selection process of the Board of Directors and
of Commissioners may use independent sources to determine qualified the Board of Commissioners candidates. Third parties
candidates. appointed (search firms) by the Bank will assist the
2.1.2 The Board of Commissioners ensures that the criteria selection process.
in selecting members of the Board of Directors include 2.1.2 Candidates for the Board of Directors of the Bank
at least the knowledge, skills and expertise required to must at least meet the requirements and criteria as
appropriately fulfill the role of the Board of Directors stipulated in the prevailing laws and regulations,
and pay attention to the fulfillment of the diversity of both requirements and criteria in terms of integrity,
the Board of Directors. competence, reputation, domicile, independence,
2.1.3 The corporate policy on diversity in the Board of or other specific criteria according to the field of the
Directors and Board of Commissioners is disclosed in Director.
the Annual Report. 2.1.3 In general, the number of members of the Board of
2.1.4 The BOC ensures that the policies and procedures Commissioners and the Board of Directors has been
for selection and nomination of Commissioners are based on the need to achieve the Bank’s goals and
clear and transparent so as to produce the desired objectives and adjusted to the Bank’s conditions which
composition of the Board. The BOC uses independent include the characteristics, capacity, and size of the
sources to determine qualified candidates. Bank and the diversity of the composition of the Board
2.1.5 The Board of Commissioners/Committee performing of Directors as disclosed in this Annual Report.
the nomination function establishes nomination 2.1.4 In order to achieve the composition of the Board of
procedures and criteria consistent with the Board of Directors and the Board of Commissioners as desired
Commissioners’ approved skills matrix and ensures that by the Bank, the process of selection, appointment,
candidate profiles meet the requirements set out in the dismissal, and/or replacement of members of the
skills matrix and nomination criteria. Board of Commissioners, Board of Directors, and
2.1.6 The composition of the BOC should be such that its Independent Committee members is conducted openly
members as a group reflect the diversity in terms of and transparently. In this regard, the Bank's selection
skills, expertise, knowledge, experience, age, cultural and nomination process adhere to the Nomination
background and gender required to properly fulfill the and Remuneration Committee Charter. The Bank
role of the BOC. may engage the services of independent third parties
2.1.7 To enable the BOC to provide independent advice and (search firms) with a good reputation in the selection
supervision to the BOD and for roles where there is process of Board of Commissioners candidates.
a potential conflict of interest, the BOC consists of a 2.1.5 Through the Nomination and Remuneration
sufficient number of Independent Commissioners, with Committee, the Bank established nomination
term limits and disclosure of the term of membership procedures and criteria that are in line with the
of the BOC and their independence from a corporate Bank's needs and profile, measured from the matrix of
perspective. expertise, experience, and industry mastered by each
2.1.8 To facilitate the effective functioning of the BOD Commissioner desired by the Board of Commissioners.
and BOC and to enhance investor and stakeholder The expertise, experience, and industry matrix are
confidence, the Nomination and Remuneration obtained from the BEE framework subsequently
Committee ensures that there is a formal, rigorous and approved by the Board of Commissioners. In addition,
transparent process for the appointment and removal candidates for Bank's Board of Commissioners must
of BOD and BOC members. at least meet the requirements covering integrity,
competence, and good reputation, as stipulated in the
OJK Regulation regarding Corporate Governance for
Commercial Banks and Assessment of the Ability and
Suitability of Key Parties.
2.1.6 The Bank has arranged for diversity in the composition
of the Board of Commissioners, reflecting diversity in
terms of abilities, expertise, knowledge, experience,
age, cultural background, and gender needed to fulfill
the role of the Board of Commissioners as required by
the Bank.
2.1.7 The composition and number of Maybank Indonesia’s
Board of Commissioners are in accordance with the
provisions of the OJK Regulation regarding Corporate
Governance for Commercial Banks. As of 31 December
2023, the number of Independent Commissioners of
the Bank amounted to 4 (four) members out of a total
of 8 (eight) members of the Board of Commissioners, or
equivalent to 50% (fifty percent).
2.1.8 The Nomination and Remuneration Committee
assesses and provides recommendations on candidates
nominated as members of the Board of Directors,
Board of Commissioners, to be submitted to the Board
of Commissioners and subsequently proposed to the
GMS. In addition, the Nomination and Remuneration
Committee of Independent Parties who will become
members of the Committee to be submitted to the
Board of Commissioners
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2.2 Remuneration 2.2.1. The remuneration policy for members of the BOD Applied
of Directors consists of a remuneration structure that is oriented
and Board of towards sustainable corporate development and 2.2.1 As in the functions and duties of the Nomination and
Commissioners encourages the achievement of long-term goals. Remuneration Committee, the Bank operates a Risk
The remuneration of the BOD shall be proposed, Based remuneration policy. Until 2023, the policy is still
possibly through the Nomination and Remuneration relevant. The Bank’s remuneration policy is prepared
Committee, by the BOC to be decided by the GMS. by prioritising a competitive, fair and balanced
The amount of remuneration proposed to the GMS is remuneration system, based on applicable laws and
determined by considering the role of each member regulations.
of the BOD and the economic situation and corporate 2.2.2 The Bank prepares the structure, policy, and amount
performance. of remuneration for each member of the Board of
2.2.2 The remuneration policy for members of the Board of Commissioners by taking into account the duties,
Commissioners consists of a remuneration structure authority, performance, and responsibilities of the
that is oriented towards sustainable corporate Board of Commissioners. The Bank also takes into
development and encourages the achievement of long- account the remuneration prevailing in similar
term goals. The amount of remuneration proposed by industries (peers group) and the Bank’s ability.
the Board of Commissioners to the GMS is determined 2.2.3 The Nomination and Remuneration Committee
by considering the role of each member of the Board discusses the remuneration of the Board of
of Commissioners and the economic situation and Commissioners by considering information on the
corporate performance. In addition, it must also range and standard of remuneration with similar
consider his position as President Commissioner and industries (peers group) in the market and the Bank’s
chairman and his membership in committees. ability. The Bank has a procedure for conducting
2.2.3 To ensure that remuneration packages are determined periodic independent reviews of the remuneration
based on the achievements, qualifications and provided to the Board of Commissioners through the
competencies of Directors and Commissioners by Board Remuneration Review framework. This is done to
taking into account the performance of corporate ensure that the remuneration package aligns with the
operations, individual performance and market performance, qualifications, and competencies of the
conditions, the Nomination and Remuneration Board of Commissioners, while considering corporate
Committee ensures that there is a fair and transparent operational performance, individual contributions, and
procedure for determining the remuneration policy for market conditions.
members of the Board of Directors and the Board of
Commissioners.
Prinsip 3: 3.1 Nature of 3.1.1 There are open discussions between the Board of Applied
Working Working Directors and the Board of Commissioners as well
Relationship Relationship as between members of the Board of Directors and 3.1.1 Discussions between the Board of Directors and the
between the members of the Board of Commissioners. However, Board of Commissioners can be conducted through
Board of Directors it is still important to maintain the confidentiality joint Board of Commissioners meetings with the Board
and the Board of of information to avoid leakage of confidential of Directors. Through these meetings, the Board of
Commissioners information. Commissioners discusses various matters, including
3.1.2 In accordance with their respective duties and roles, follow-up reports from the Minutes of the Board
the BOD cooperates with the BOC in formulating the of Commissioners Meeting; financial performance
corporate mission, vision and strategy and regularly reports; and reports of committees under the Board
discusses their implementation. of Commissioners and other discussions. The conduct
3.1.3 The Corporate Secretary has an important role of meetings is carried out with proper administrative
in supporting the effectiveness of the working processes so that confidential information is well
relationship between the Board of Directors and preserved in accordance with applicable regulations.
the Board of Commissioners, encouraging the 3.1.2 Every year, the Bank’s strategies and policies in the
implementation of good corporate governance short and medium term are prepared in the form of
practices, including effective communication with a Corporate Plan and Bank Business Plan (RBB) in
shareholders and other stakeholders. accordance with the established Vision and Mission.
Periodically, the Board of Directors together with
the Board of Commissioners and the Bank’s senior
management conduct periodic evaluations of the
Bank’s strategies and policies and their implementation
at all levels of the organisation.
3.1.3 The Bank appoints a Corporate Secretary with
detailed information as in this Annual Report in
the profile of the Corporate Secretary. The Bank’s
Corporate Secretary is responsible for maintaining
the Bank’s image and protecting the Bank’s interests
by establishing communication and good relations
with all parties and as a liaison between the Bank and
Shareholders and other Stakeholders.
3.2 Access to 3.2.1 The BOD is responsible for ensuring that the BOC has Applied
information for access to accurate, relevant and timely information.
the Board of The BOC itself ensures that it obtains adequate The Board of Directors through the Corporate Secretary
Commissioners information. The BOD provides information to the provides access to accurate, relevant and timely information
BOC regularly, without delay and in a comprehensive to the Board of Commissioners. The Corporate Secretary also
manner on all issues relevant to the corporation. The administers, distributes and follows up on incoming letters
BOC may at any time request the BOD to provide received by the Bank and addressed to the Board of Directors
additional information. and/or Board of Commissioners.
3.3 Tanggung 3.3.1 Impact of ownership structure on the corporation. The Applied
jawab Direksi Board of Directors and the Board of Commissioners
dan Dewan consider their responsibilities in the context of the The Board of Directors and Board of Commissioners of
Komisaris corporation’s shareholding structure and inter- the Bank always understand the shareholder ownership
atas Dampak shareholder relationships that may impact the structure and the relationship between the shareholders of
Struktur management and operation of the corporation. the corporation, and consider the impact on control over
the corporation, including written and unwritten family
agreements as controlling shareholders, agreements between
shareholders, or business group policies of which the
corporation is a part. In this regard, the Bank observes the
provisions as stipulated in OJK Regulation
No. 42/POJK.04/2020 concerning Affiliate Transactions and
Conflict of Interest Transactions.
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Prinsip 4: 4.1 Code of Ethics 4.1.1 This statement is set out in the Code of Conduct Applied
Ethical and and Conduct and Business Ethics which must clearly express the
Responsible corporation’s expectation that each member of the 4.1.1 The Bank has a Code of Ethics and Code of Conduct
Behavior Board of Directors and Board of Commissioners and that must be adhered to by the Board of Directors and
employees will: a. Act in the best interests of the Board of Commissioners. The implementation and
corporation; b. Act honestly and with a high standard application of the Code of Ethics and Code of Conduct
of integrity; c. Be independent and act based on is the responsibility of all employees at all levels of the
complete information, in good faith, with due diligence organisation, as well as one of the Bank’s commitments
and prudence; d. Comply with laws and regulations to implement Good Corporate Governance in achieving
applicable to the corporation and its operations; e. its vision and mission. Every year, the Board of
Avoid actions that violate laws and regulations or Directors and Board of Commissioners sign an Integrity
unethical actions based on the corporation’s ethical Pact, stating the commitment of the Board of Directors
guidelines; f. Not engaging or participating in any and Board of Commissioners to always comply with the
activity that would create a conflict of interest with Code of Conduct and Good Business Ethics.
the best interests of the corporation or that would 4.1.2 The Bank has an Anti-Bribery and Corruption (AB&C)
negatively impact the reputation of the corporation; Policy that is aligned with relevant supporting
g. Not taking advantage of property or information regulations, including provisions of the Code of
that applies to the corporation and its operations. Ethics and Code of Conduct guidelines, Strategic
Not taking advantage of property or information Procurement, and provisions regarding the
owned by the corporation, other asset holdings or its Implementation of Anti-Fraud Strategies. The scope
customers for personal interests or that cause harm of Maybank Indonesia's Policy generally covers the
to the corporation and its customers. h. Not utilising following:
his position or opportunities generated by his position 1. Management of bribery and corruption risks
for personal gain; i. Avoiding the act of requesting 2. Provisions regarding the giving and receiving of
or receiving from third parties payments, gratuities benefits or gifts and business entertainment
or other benefits for himself or for others that cause 3. Business relationships with Suppliers, Vendors,
conflicts of interest / provide benefits to third parties or Other Related Individuals/Third Parties
in violation of statutory regulations; j. Respect and Customer Centric Culture, which serve as
differences of opinion and the rights of each member the platform for the transformation process
of the Board of Directors, Board of Commissioners, of "Customer Experience" at Maybank. This
and employees; k. Ensure complete, fair, accurate, commitment is a tangible manifestation of the
timely, and understandable disclosures in reports and Bank's concern for the importance of Customer
documents submitted by the corporation to regulators Perceived Values for sustainable business growth
and in other public communications; at Maybank. In line with this, Maybank Indonesia
4.1.2 The Board of Directors establishes policies and also focuses on various activity designs, programs,
practices on anti-money laundering and terrorism and provisions to enhance customer protection
financing, anti-bribery, anti-corruption, anti-fraud, for deposits and customer data confidentiality by
involvement in politics by referring to national continuously adhering to applicable regulations
or international standards regarding anti-money and provisions. Maybank Indonesia implements
laundering, anti-bribery, anti-corruption, anti-fraud or information technology systems that can protect
other related standards. and safeguard all customer data as well as other
protection activities, especially in terms of control
and monitoring awareness to minimise risks that
impact the security and comfort of customers as
Maybank's partners.
4. Contributions to political activities, fundraising, and
charity
5. Monitoring
6. Recording and documentation
7. Whistleblowing
8. Training and Awareness. Additionally, Maybank
Indonesia continues to optimise effective programs
to support the implementation of Anti-Bribery and
Corruption Policies within the Bank's environment.
The Bank has a policy to enforce compliance on indications
of fraud as stipulated in agreements with third parties,
where the Agreement states that Commissioners/Directors/
Employees or any other party representing the Bank are
prohibited from requesting and/or receiving any amount of
money and/or gifts or anything in any form outside of what is
stipulated in the Agreement.
4.2 Values and 4.2.1 The corporation articulates, fosters and expresses Applied
Organisational corporate culture and values
Culture The Board of Directors implements the Bank’s values, namely
Teamwork, Integrity, Growth, Excellence and Efficiency, and
Relationship Building or TIGER, so that Maybankers can
carry out the Bank’s operations properly and prevent various
acts of fraud, money laundering and terrorism financing,
anti-corruption, offering or receiving bribes and payments,
or other inducements to commit acts that violate laws and
regulations or are unethical.
4.3 Enforcement 4.3.1 The corporate code of conduct and code of ethics are Applied
and effectively communicated to the Board of Directors,
Communication Board of Commissioners, and all employees, integrated Dissemination or socialisation of the Code of Ethics and
of Ethical into corporate strategy and operations including risk Code of Conduct is carried out periodically through various
Guidelines, management systems and remuneration structures, available media to foster awareness and understanding to
Values and and enforced. implement behavior in accordance with the Bank’s core
Culture values. Each year, members of the Board of Commissioners
and its committees, members of the Board of Directors and
officials one level below, as well as all employees are required
to provide a statement of commitment to the implementation
of the Code of Ethics and Code of Conduct.
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Prinsip 5: 5.1 Internal 5.1.1 The Board of Directors periodically reviews the Applied
Risk Management, Control and appropriateness of the design and operational
Internal Control Compliance effectiveness of the Corporation’s systems of The Board of Directors has implemented the Internal Control
and Compliance governance, risk management, internal control and System in accordance with the principles of control and the
compliance and reports the implementation and overall evaluation conducted by the Bank shows that the
results of the review to the shareholders through the quality of the Bank’s Internal Control System is running well.
Corporation’s annual report. The Board of Directors and Board of Commissioners stated
that the Bank has an effective and adequate internal control
system in managing the risks faced by the Bank within the
risk appetite in supporting the achievement of the Bank’s
objectives.
5.2. Risk 5.2.1. Strategy and risk are integrated, disclosed Applied
Management transparently, incorporated into the implementation
of duties and responsibilities of the Board of Directors 5.2.1 The Board of Commissioners and Board of Directors
and Board of Commissioners, as well as in discussions continue to manage credit risk well and improve
at Board of Commissioners and Board of Directors infrastructure to encourage the growth of business
meetings. banking customers. Balancing risk, compliance culture
5.2.2 The Risk Management Oversight Committee assists and capital adequacy is also a strategic pillar policy of
the Board of Commissioners by creating a transparent, the Bank.
focused and independent mechanism for overseeing 5.2.2 The Board of Commissioners has a Risk Monitoring
corporate risk management. Committee that ensures that the implementation of
the Bank’s risk management continues to fulfill the
elements of adequate risk management procedures and
methodologies, so that the Bank’s business activities
can be controlled at an acceptable and profitable limit.
5.3. Integrasi 5.3.1 The Board of Directors establishes an integrated Applied
Governansi, system of governance, risk management, and
Manajemen compliance (GRC), by handling various uncertainties in 5.3.1 The Board of Directors ensures coordination and
Risiko dan an integrated manner and with high integrity, to ensure capability enhancement among key GRC systems,
Kepatuhan that the corporation can achieve its objectives. which include governance, strategic management,
5.3.2 The Board of Directors ensures that the section performance management, risk management,
in charge of the compliance function does not compliance management, and internal audit systems
concurrently carry out functions that have the to keep the corporation on track in achieving its
potential to cause conflicts of interest. objectives.
5.3.2 As per OJK Regulation No. 46/POJK.03/2017
concerning the Implementation of Compliance
Functions in Commercial Banks, the Bank's Board of
Directors has designated a Director to supervise the
compliance function and established a compliance
unit. The Director overseeing compliance does
not oversee business and operational functions,
risk management decision-making in the Bank's
business activities, treasury operations, finance and
accounting, logistics and procurement of goods or
services, information technology, and/or internal audit.
This ensures the avoidance of conflicts of interest
in performing their duties. Moreover, the Director
overseeing compliance fulfills their role and duty to
promote a Culture of Compliance, thereby supporting
sound Governance practices.
5.4. Internal Audit 5.4.1 The Board of Commissioners through the Audit Comply
Committee monitors and ensures that the internal
audit function assists the Corporation to achieve its The Board of Commissioners has an Audit Committee tasked
objectives by bringing an objective and disciplined with reviewing and clarifying financial information, selecting,
approach to evaluating and improving the effectiveness appointing and supervising the work of independent auditors,
of risk management, internal control, and corporate evaluating the effectiveness of the implementation of the
governance. internal audit function, and internal control.
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Prinsip 6: 6.1 Disclosure 6.1.1 The corporation has disclosure and transparency Applied
Disclosure and Policy policies and procedures that ensure disclosure
Transparency of material information and safeguard sensitive 6.1.1 The Bank has internal provisions/guidelines in
information and corporate secrets. disclosing material information and safeguarding
6.1.2 The right of shareholders to obtain on a regular and sensitive and confidential information.
timely basis relevant material information about the 6.1.2 The Bank has and discloses a written policy in
corporation must be fulfilled. implementing continuous disclosure obligations based
on applicable regulations.
6.2 Financial 6.2.1 The Corporation discloses systems and procedures to Applied
Statements and ensure that interim financial statements that are not
Sustainability materially audited or reviewed by external auditors 6.2.1 The Bank has systems and procedures governing
are accurate, complete, and provide investors with internal control over financial reporting, including
appropriate information to make informed investment interim financial statements, the role of risk
decisions. management/compliance/management oversight and
6.2.2 The Audit Committee ensures the quality of financial internal audit functions in ensuring the integrity of
statement audits conducted by the external auditor. interim financial statements, and the role of the Audit
This includes recommending the appointment, Committee in reviewing interim financial statements to
re-appointment and, if necessary, dismissal and be published.
remuneration of the external auditor. 6.2.2 The Bank’s Audit Committee ensures the quality
6.2.3 Sustainability reports shall be prepared and disclosed of financial statement audits conducted by
accurately and prepared in accordance with national or external auditors. This includes recommending the
international sustainability reporting frameworks. appointment, re-appointment and, if necessary,
6.2.4 The corporation publishes an integrated annual report dismissal and remuneration of the external auditors.
that puts historical performance into context and 6.2.3 Maybank Indonesia's sustainability report is prepared
describes the corporation’s risks, opportunities and and disclosed accurately and compiled in accordance
future prospects, thereby helping shareholders and with the sustainability reporting framework as
stakeholders understand the corporation’s strategic stipulated in OJK Regulation No. 51/POJK.03/2017
objectives and its progress in creating sustainable regarding the Implementation of Sustainable
value. Finance for Financial Institutions, Issuers, and Public
Companies, as well as other relevant national or
international provisions.
6.2.4 The Bank’s Annual Report has put the historical
performance in context and described the risks,
opportunities and future prospects of the corporation.
6.3 Information 6.3.1 Information dissemination channels should provide Applied
Dissemination equal, timely and relatively inexpensive access to
information relevant to users. The Bank regularly holds meetings with financial analysts,
interactions and discussions with investors and analysts
in the form of teleconferences and in-house meetings,
organising Annual Reviews with national and international
rating agencies, and organising Annual Public Expose.
Prinsip 7: 7.1 Shareholder 7.1.1 The corporation has a communication policy that Applied
Protection of Rights facilitates and encourages shareholder or investor
Shareholder Rights participation. 7.1.1 The rights, authorities and responsibilities of shareholders
7.1.2 Corporations that are parent entities ensure that their are regulated in detail in the Bank’s Articles of Association
corporate governance policies apply to subsidiaries which can be accessed through the Bank’s website (www.
and entities under common control in which the maybank.co.id).
corporation has a significant investment. 7.1.2 The Bank is the Principal Entity within the Maybank
7.1.3 The corporation has rules and procedures governing Indonesia Financial Conglomerate. As stipulated in
acquisitions, takeovers and extraordinary transactions OJK Regulation No. 18/POJK.03/2014 regarding the
such as mergers and sales of substantial corporate Implementation of Integrated Governance in Financial
assets to ensure transactions occur transparently Conglomerates, the Bank ensures that governance
and at arm’s length and protect the rights of all policies issued by the Principal Entity can be applied
shareholders according to class. effectively by all financial conglomerate member
entities, including subsidiaries.
7.1.3 The Bank has rules and procedures as regulated in its
Articles of Association, which can be accessed through
the Maybank Indonesia website.
7.2 Fair Treatment 7.2.1 The corporation has rules and procedures that ensure Applied
of Shareholders a). all shareholders of the same series in a class of
shares shall be treated equally, b). disclosure of 7.2.1 In accordance with the Articles of Association, the
such rules and procedures as well as disclosure of Bank’s shares consist of Class A Shares, Class B Shares
the capital structure and arrangements that allow and Class D Shares, unless otherwise specified. The
certain shareholders to obtain influence or control term “Shareholders” means Class A Shareholders,
disproportionate to their shareholding. Class B Shareholders, and Class D Shareholders, unless
7.2.2 The corporation has rules and procedures that ensure otherwise specified.
related party transactions are approved and executed 7.2.2 The Bank has policies and procedures governing related-
in a manner that ensures conflicts of interest are party transactions or affiliated parties, ensuring that
appropriately managed, and protects the interests of these transactions comply with applicable regulations,
the corporation and its shareholders. are managed properly, and safeguard the interests of the
7.2.3 The Corporation has and discloses policies to prevent Bank and the shareholders. The issuance of such policies
insider trading. The corporation has clear rules and procedures refers to OJK Regulation
regarding any trading in the corporation’s shares No. 42/POJK.04/2020 regarding Affiliate Transactions
by Directors, Commissioners and insiders to ensure and Conflict of Interest Transactions, as well as other
that no one may benefit directly or indirectly from related regulations.
information that is not/not yet available in the market. 7.2.3 Disclosure to prevent insider trading, one of which is
contained in the Code of Ethics and Code of Conduct
which emphasises the prohibition of the use of Insider
Information (Insider Trading) in personal securities
transactions by employees and management (in this
case members of the Board of Commissioners and
Directors) of the Bank.
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7.3 General 7.3.1 The corporation makes a call for the GMS with the Applied
Meeting of agenda and materials for the GMS as complete and
Shareholders early as possible (at least 28 days before the GMS) to 7.3.1 The Bank announces the invitation to the General
provide sufficient time and materials for shareholders Meeting of Shareholders (RUPS), with its agenda and
to properly study the meeting agenda. The meeting materials, 21 (twenty-one) days prior to the meeting,
invitation and all GMS information are disclosed excluding the RUPS date.
through electronic means such as through the 7.3.2 Decision making in the AGMS is carried out by
corporation’s website. deliberation for consensus. If deliberation for
7.3.2 The corporation has and discloses rules and procedures consensus is not reached, then the decision making in
that facilitate shareholders in participating and voting the AGMS is carried out by voting. Voting is carried out
effectively at the AGM. on each AGMS Agenda.
7.3.3 Shareholders participate effectively in determining the 7.3.3 Shareholders have the authority, among others:
appointment of members of the Board of Directors and (i) appoint and dismiss members of the Board of
Board of Commissioners. Commissioners and the Board of Directors, (ii) evaluate
7.3.4 The corporation ensures transparency and the performance of the Board of Commissioners
accountability of the external auditor at the GMS. and the Board of Directors, (iii) temporarily dismiss
7.3.5 Submission of voting results and a complete summary members of the Board of Directors, (iv) approve
of the GMS minutes are announced to the public on the amendments to the Bank’s Articles of Association,
next business day. (v) approve the annual report, (vi) approve the
remuneration of the Board of Commissioners and the
Board of Directors, and (vii) approve the proposed
allocation of the use of the Bank’s profit including
dividend distribution.
7.3.4 The process of appointing an external auditor at the
RUPS is conducted transparently and accountably.
The profile of the external auditor to be appointed
is displayed on the websites of the Bank, the stock
exchange, and the KSEI (Indonesian Central Securities
Depository) at the time of the invitation.
7.3.5 The complete voting results and summary of the RUPS
minutes of the Bank are announced to the public no
later than the next business day.
Prinsip 8: 8.1 Key 8.1.1 The Corporation through the Corporate Secretary Applied
Respect for stakeholder conducts regular, transparent and effective
Stakeholders engagement communication with key stakeholders and engages Through the corporate secretary, the Bank conducts
them to understand their expectations and grievances regular, transparent, and effective communication with
and the impact of the Corporation on them. key stakeholders, involving them to understand their
expectations, complaints, and corporate impacts on them.
8.2 Integration of 8.2.1 The BOC together with the BOD are responsible, Applied
Sustainability accountable and transparent for sustainability
in the Business governance, including setting corporate sustainability The Board of Commissioners, together with the Board of
Model strategies, priorities and targets. The BOD and BOC Directors, ensures that the corporate sustainability strategy,
incorporate sustainability considerations when priorities, and targets, as well as performance against these
carrying out their roles, including among others in targets, are communicated to stakeholders by prioritising
the development and implementation of corporate transparent sustainability governance, including setting
strategies, business plans, key action plans and risk corporate sustainability strategies, priorities, and targets.
management.
8.3 Protection of 8.3.1 The Board of Directors ensures and discloses that the Applied
Stakeholders corporation’s operations reflect the application of
high ethical, social and environmental responsibility 8.3.1 The Bank has a Maybank Indonesia Code of Ethics and
standards throughout the corporation and ensures that Personnel Behavior that regulates the attitudes, actions
appropriate policies and procedures are in place to and responsibilities of employees and people working
respect and comply with the rights of stakeholders. for and on behalf of the Bank to work professionally
8.3.2 Directors encourage the employees to work in the and ethically.
long-term interests of the corporation and promote 8.3.2 The Board of Directors encourages employees to
sustainability. work for the long-term interests of the corporation
and prioritise sustainability, conveyed by the Board of
Directors through regular town hall meetings.
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Implementation of Corporate Governance
Aspects and Principles in Accordance with
the Guidelines of Corporate Governance
Principles for Banks Issued by the Basel
Committee in Banking Supervision
On an ongoing basis, Maybank Indonesia implements aspects and principles of Corporate Governance in accordance with the Guidelines
of Corporate Governance Principles for Banks issued by the Basel Committee in Banking Supervision. Some of the best practices from
the guidelines that can be used as a reference in the implementation of Corporate Governance and its application within the Bank are as
follows:
Principle Explanation Implementation at Maybank Indonesia
Principle 1 The Board of Commissioners has The duties and responsibilities of the Bank's Board of Commissioners are carried out
Responsibility of the responsibilities including: approval and independently and shall ensure the implementation of Good Corporate Governance
Board of Commissioners. supervision of the implementation of in the Company's business activities at all levels of the organisation. In terms of
business strategies, structures, and carrying out the supervisory function, the Board of Commissioners shall direct,
governance mechanisms and corporate monitor and evaluate the implementation of the Company's strategies and policies.
culture.
Principle 2 Members of the Board of Commissioners The qualifications and composition of the Board of Commissioners of Maybank
Qualification and must have qualities in accordance with their Indonesia have met the requirements and other provisions as stipulated in the
Composition Board duties and responsibilities, both individually prevailing laws and regulations in the territory of the Republic of Indonesia.
Commissioners. and collegially. The Board of Commissioners
must understand its role in supervision and The composition of the Board of Commissioners of Maybank Indonesia has fulfilled
implementation of corporate governance, the provisions, among others, more than 50% (fifty percent) of the total members of
and be able to carry out sound and objective the Board of Commissioners of Maybank Indonesia are Independent Commissioners.
decision making. The Company's Independent Commissioner has signed a statement letter stating
the fulfillment of all criteria and independence of his position in accordance with the
criteria stipulated in the applicable laws and regulations and the statement letter
has been submitted to OJK.
Based on the composition of the Board of Commissioners, criteria, and
independence criteria that have been met, the Maybank Indonesia Board of
Commissioners is able to carry out sound and objective decision making.
Principle 3 The Board of Commissioners must In order to support the implementation of the supervisory function of the Board of
Structure and Mechanism establish appropriate governance Commissioners, Maybank Indonesia has committees at the Board of Commissioners
Board of Commissioners. structures and practices in carrying out level, namely:
its duties and periodically review their 1. Audit Committee
effectiveness. 2. Risk Oversight Committee
3. Nomination and Remuneration Committee
4. Integrated Governance Committee
5. Whistleblowing Governance Committee
6. Information and Technology Oversight Committee
Principle 4 Under the direction and supervision of The Board of Directors manages the Company under the direction, supervision
Board of Directors. the Board of Commissioners, the Board and oversight of the Board of Commissioners, which can be seen from the business
of Directors is able to manage the Bank's achievements that have increased from the previous year.
activities in accordance with business
strategy, risk appetite, remuneration policy All Bank policies that affect risk appetite, remuneration policies and others, outside
and other policies approved by the Board of of Maybank Indonesia's operational activities must be approved by the Board of
Commissioners. risk, remuneration policy Commissioners. This is also as stipulated in the Articles of Association of Maybank
and other policies approved by the Board of Indonesia.
Commissioners.
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Principle Explanation Implementation at Maybank Indonesia
Principle 5 In a business group, the Board of Maybank Indonesia is the Main Entity of Maybank Indonesia Financial
Governance Structure of Commissioners of the parent company Conglomeration. Maybank Indonesia Financial Conglomeration implements
Business Group. has overall responsibility for the business Integrated Governance, Integrated Risk Management, and Integrated
group and ensures the establishment and Minimum Capital Adequacy applicable to the member entities of the Financial
implementation of sound governance Conglomeration.
practices in relation to the structure, business
and risks of the business group and entities. Maybank Indonesia has a committee at the Board of Commissioners level, namely
The Board of Commissioners and Board of the Integrated Governance Committee and a committee at the Board of Directors
Directors must understand the organisational level, namely the Integrated Risk Management Committee, each of which consists
structure of the business group and the risks of representatives from all financial conglomerate member entities. With these two
faced. committees, the Board of Commissioners and Board of Directors understand the
organisational structure of the business group and the risks faced.
Principle 6 Banks must have a qualified risk management Maybank Indonesia has an independent risk management function under the Risk
Risk Management function, be independent, have qualified Management Director. Maybank Indonesia carries out the process of Identification,
Function resources and have access to the Board of Measurement, Monitoring, Risk Control, and Risk Management Information System
Commissioners. through the Enterprise Risk Management (ERM) framework.
Maybank Indonesia continuously improves the capability and knowledge of all
employees, especially in terms of vigilance and risk management, by organising
regular training both internally and externally. The risk management function has
access to the Board of Commissioners through the Risk Monitoring Committee.
Principle 7 Risks must be identified, monitored and In managing risks, Maybank Indonesia has identified, measured and assessed risks
Identification, Monitoring controlled for all activities of the Bank. by compiling risk profiles periodically. Risk measurement and assessment can run
and Risk Control. activities of the Bank. The quality of the well in accordance with the Risk Management Policy that has been established. and
risk management and internal control adjusted to the level of risk faced by Maybank Indonesia.
infrastructure must able to keep up
with changes in the Bank's risk profile,
external risk conditions and industry
practices.
Principle 8 Effective risk governance implementation Maybank Indonesia conducts Risk Based Bank Rating (RBBR) Assessment every
Risk Communication. requires accurate risk communication within semester and the results are submitted to the Risk Management Committee
the Bank, both between organisations consisting of the Board of Directors of Maybank Indonesia. Furthermore, the
and through reporting to the Board of RBBR assessment is submitted to the Board of Commissioners through the Risk
Commissioners and Board of Directors. Monitoring Committee for approval.
Principle 9 The Board of Commissioners is responsible Maybank Indonesia has a Compliance Working Unit that is independent of the
Compliance. for overseeing management in relation to operational working unit and free from the influence of other working units, and
the Bank's compliance risk. The Board of reports directly to the Director in charge of the Compliance Function.
Commissioners must establish a compliance
function and approve policies and processes Maybank Indonesia's Board of Commissioners conducts active supervision of the
for identifying, assessing, monitoring, Compliance Function, by evaluating the implementation of the Bank's Compliance
reporting and advising on compliance Function at least 2 (two) times a year; and. providing suggestions to improve the
risk. quality of the implementation of the Bank's Compliance Function.
Based on the results of the evaluation of the implementation of the Compliance
Function, the Board of Commissioners submits suggestions/advice to improve the
quality of the implementation of the Compliance Function to the President Director
with a copy to the director in charge of the Compliance Function.
The Board of Commissioners approves the policy and process of identification,
assessment, monitoring, and reporting, as well as provides necessary
recommendations related to the Bank's compliance risk through the Board of
Commissioners Meeting.
Principle 10 The internal audit function shall report its As mandated in the regulations governing the implementation of internal audit,
Internal Audit. independent assurance activities to the Maybank Indonesia has an Internal Audit Unit ("SKAI") that reports directly to the
Board of Commissioners and shall support President Director and communicates with the Board of Commissioners through the
the Board of Commissioners and the Board Audit Committee.
of Directors in promoting implementation of
effective governance processes and the long- SKAI periodically submits reports to the President Director or the Board of
term health of the Bank. Commissioners. In the event that the report is submitted to the President Director,
Periodically, external audit is asked to provide a copy is submitted to the Board of Commissioners, the Audit Committee, and the
an opinion on the quality of internal audit. Director in charge of the compliance function.
Principle 11 The Bank's remuneration structure must Maybank Indonesia has a Nomination and Remuneration Committee whose legal
Compensation. support the implementation of corporate basis for the establishment and implementation of its duties are in accordance with
governance and risk applicable laws and regulations, thus supporting the implementation of overall
management. governance and risk management.
Principle 12 The implementation of governance from Maybank Indonesia always prioritises disclosure and transparency to shareholders,
Disclosure and the Bank to shareholders, depositors, depositors, other relevant stakeholders and market participants in accordance with
Transparency. other relevant stakeholders and market applicable regulations. and market participants in accordance with applicable rules
participants must be carried out and regulations.
transparently.
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Highlights Report Profile and Analysis
Integrated Governance
Implementation Report
BACKGROUND In the event that the structure of the Financial Conglomerate
The implementation of Integrated Governance (“IGCG”) in the is a group due to ownership and control linkages, the
Financial Conglomerate refers to the following regulations: controlling shareholder of the Financial Conglomerate must
• Financial Services Authority (“OJK”) Regulation No. 18/ appoint a Main Entity. Malayan Banking Berhad (“MBB”) as
POJK.03/2014 on the Implementation of Integrated the controlling shareholder of Maybank Group in Indonesia
Governance for Financial Conglomerates (“POJK has appointed the Bank as the Main Entity through its letter
No.18/2014”); dated March 27, 2015. This appointment is based on the criteria
• OJK Circular Letter No. 15/SEOJK.03/2015 on the of the largest amount of assets and/or having good quality
Implementation of Integrated Governance for Financial risk management implementation. In addition, the criteria
Conglomerates (“SEOJK No.15/2015”); and for Maybank Indonesia Financial Conglomeration also meet
• OJK Regulation No. 45/POJK.03/2020 on Financial the provisions as stipulated in POJK 45/2020 that financial
Conglomeration. conglomerates have total group or group assets greater than
or equal to Rp100,000,000,000,000,000.00 (one hundred
Based on POJK No.18/2014, each Financial conglomerate is trillion). Maybank Indonesia Financial Conglomeration consists
required to have IGCG Guidelines with reference to conservative of Maybank Indonesia as the Main Entity (EU), and other FSIs as
regulations to serve as a guide for Financial Services Institutions subsidiaries and/or related companies, namely:
(“FSIs”) in the Financial Conglomerate to implement Governance. • PT Maybank Indonesia Finance (“MIF”) - financing company;
• PT Wahana Ottomitra Multiartha, Tbk - (“WOM”) - finance
The Bank has implemented IGCG in order to improve the quality company;
of IGCG implementation, in order to encourage Maybank • PT Maybank Asset Management (“MAM”) - investment and
Indonesia Financial Conglomerate to have more prudent advisory manager;
Governance in accordance with the principles of transparency, • PT Maybank Sekuritas Indonesia (formerly PT Maybank Kim
accountability, responsibility, independency or professionalism, Eng Securities) (“MSID”) - securities broker; and
and fairness, and to encourage financial system stability that • PT Asuransi Etiqa Internasional Indonesia (formerly PT
grows sustainably, so as to increase national competitiveness. Asuransi Asoka Mas) (“AEII”) - insurance company).
MAYBANK INDONESIA FINANCIAL Maybank Indonesia, as the Main Entity, has established an
CONGLOMERATE Integrated Governance Committee consisting of representatives
Based on POJK No.18/2014, a Financial Conglomerate is required from all Financial Services Institutions (FSIs) that are members
to implement IGCG comprehensively and effectively and of the Financial Conglomeration. In 2022, the membership
has a structure consisting of the Main Entity and Subsidiary composition of the Integrated Governance Committee in KKMBI
Companies and/or Related Companies and their subsidiaries. The has undergone changes, while the latest changes have been
said Financial Conglomerate includes types of Financial Services determined through the Board of Directors’ decision letter
Institutions such as; banks, finance companies, securities No.SK.2022.010/PRESDIR dated October 31, 2022.
companies, insurance and reinsurance companies.
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MAYBANK INDONESIA FINANCIAL CONGLOMERATE STRUCTURE
The structure of Maybank Indonesia Financial Conglomeration can be seen in the Functional Review chapter in the Risk Management
section on page ........
Amanah Raya Trustees Citigroup Nominees (Tempatan)
Permodalan Nasional Investor Institusi &
Berhad (B/O: Amanah Sdn Bhd (B/O: Employees
Berhad Ritel Lainnya
Saham Bumiputera) Provident Fund Board)
30.12% 12.71% 6.76% 50.41%
Malayan Banking Berhad
45.02% Sorak Financial Holdings Pte Ltd
33.96% Maybank Offshore Corporate 100% 100% Maybank Asset Management
Service (Labuan) Sdn Bhd Group Berhad
8.73% 100%
Vital Solution Fund
Maybank Asset Management
Sdn Berhad
12.29% 99%
Public
Asset Management
PT Maybank Asset Management Indonesia
100% Maybank IB Holdings Sdn Bhd
PT Bank Maybank Indonesia Tbk
100% 100%
99.99% 67.49% Etiqa International Holdings Maybank IBG Holding Limited (d/h
Sdn Bhd Maybank Kim Eng Holdings Ltd
PT Maybank PT Wahana
79.87% 85%
Indonesia Ottomitra
Finance Multiartha Tbk PT Asuransi Etiqa Internasional PT Maybank Sekuritas
Indonesia Indonesia*
*) d/h PT Maybank Kim Eng Sekuritas Indonesia
INTEGRATED GOVERNANCE GUIDELINES
As stipulated in POJK No.18/2014, the Governance framework for Financial Conglomerates is a minimum guideline that must be
complied with by the Financial Conglomerate so as to achieve a common level of governance implementation across all FSIs in the
Financial Conglomerate. The preparation of the IGCG framework refers to POJK No.18/2014 and the governance provisions applicable
to each FSI in the Financial Conglomerate. In order to implement Corporate Governance in an integrated manner with all FSIs within the
Financial Conglomerate.
In order to implement IGCG by the FSIs of Maybank Indonesia Financial Conglomerate Members, the Bank has done the following:
1. Establish an IGCG Committee;
2. Issuing IGCG Guidelines;
3. Issuing the IGCG Committee Charter;
4. Having integrated work units, namely:
a. Integrated Compliance Working Unit (“SKKT”);
b. Integrated Internal Audit Work Unit (“SKAIT”);
c. Integrated Risk Management Work Unit (“SKMRT”);
5. Issuing policies related to the implementation of integrated risk management and integrated capital;
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6. Issuing the Corporate Charter;
7. Holding IGCG Committee Meetings more than required by POJK No. 18/POJK.03/2014;
8. Delivered the IGCG Guidelines to all FSIs that are members of Maybank Indonesia Financial Conglomeration;
9. Submitting the Integrated Governance Implementation Assessment Report every semester;
10. Submitting the Annual Report on the Implementation of Integrated Governance;
11. and other related activities.
The IGCG Guidelines are prepared by the Bank’s Board of Directors and based on the recommendations of the IGCG Committee
and approved by the Board of Commissioners. The IGCG Guidelines include at least 2 (two) major parts of the Guidelines with their
respective applications, which include:
1. IGCG Framework for the Main Entity; and
2. IGCG Framework for Financial Services Institution (FSI) members of Maybank Indonesia Financial Conglomeration.
Framework of the Guidance for the ICGC of Member
Main Entity ICGC Guidance Framework
Financial Institutions
1. Requirements of the Main Entity’s Board of Directors and the Main 1. Requirements for candidates for members of the Board of Directors
Entity’s Board of Commissioners; and candidates for members of the Board of Commissioners;
2. Duties and responsibilities of the Main Entity Board of Directors and 2. Requirements for prospective members of the Sharia Supervisory
the Main Entity Board of Commissioners; Board;
3. Duties and responsibilities of the Integrated Governance Committee; 3. Structure of the Board of Directors and Board of Commissioners;
4. Duties and responsibilities of the Integrated Compliance Working Unit; 4. Structure of the Sharia Supervisory Board;
5. Duties and responsibilities of the Integrated Internal Audit Work Unit;
5. Independence of the actions of the Board of Commissioners;
and
6. Implementation of the management function of the Financial Services
6. Implementation of integrated risk management.
7. Integrated Governance Guidelines Institution by the Board of Directors;
7. Implementation of the supervisory function by the Board of
Commissioners;
8. Implementation of the supervisory function by the Sharia Supervisory
Board;
ASSESSMENT OF INTEGRATED GOVERNANCE IMPLEMENTATION FOR
FINANCIAL CONGLOMERATES
Maybank indonesia is required to prepare an assessment report on the implementation of igg every semester and an annual report
on the implementation of igg which is then submitted to the financial services authority in accordance with the provisions of pojk no.
18/2014 And se ojk no. 15/2015, As the main entity.
Throughout 2023, the bank as the main entity has conducted an igg implementation assessment for semester 1 and semester 2
reporting positions. The igg implementation assessment for financial conglomerates is an assessment of 3 (three) aspects of integrated
governance, namely the structure, process, and results of integrated governance.
1. Structure
Aims to assess the adequacy of the igg structure so that the process of implementing integrated governance provides results in
accordance with the expectations of stakeholders.
2. Process
Aimed at assessing the effectiveness of the igg implementation process supported by the adequacy of the integrated governance
structure so as to provide results in accordance with stakeholder expectations.
3. Governance outcome
A. Aims to assess the quality of results that meet stakeholders’ expectations, including qualitative and quantitative aspects, among
others:
- Financial conglomerate performance such as efficiency and capitalisation;
- Adequacy of transparency of the annual report on the implementation of igg;
- Objectivity in conducting assessments or audits;
- The level of compliance with applicable regulations and the resolution of problems faced by fsis such as fraud, violations
of provisions related to fsi reports to the financial services authority; in accordance with their respective financial services
sectors.
B. The results of the assessment of the implementation of integrated governance are categorised into 5 (five) assessment ratings,
namely:
- 1st rank;
- 2nd rank;
- 3rd rank;
- 4th rank; and
- 5th rank.
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ASSESSMENT FACTORS FOR THE IMPLEMENTATION OF IGG FOR FINANCIAL
CONGLOMERATES
Assessment of the implementation of integrated governance includes at least 7 (seven) assessment factors of the implementation of
integrated governance, namely:
1. Implementation of duties and responsibilities of the board of directors of the main entity;
2. Implementation of duties and responsibilities of the board of commissioners of the main entity;
3. Duties and responsibilities of the integrated governance committee;
4. Duties and responsibilities of the integrated compliance working unit;
5. Duties and responsibilities of the integrated internal audit work unit;
6. Implementation of integrated risk management;
7. Formulation and implementation of integrated governance guidelines.
Comparison of igcg implementation report ratings for june and december 2023.
No. Indicator June 2023 December 2023
1. Board of Directors of the Main Entity 1 1
2. Board of Commissioners of the Main Entity 1 1
3. Governance Committee 1 1
4 Integrated Compliance Unit 1 1
5. Integrated Audit Unit 1 1
6. Implementation of Integrated Risk Management 1 1
7. Integrated Governance Guidelines Integrated 1 1
Rating “1” “1”
*) Rating adjustment is done by conservative calculation
RESULT OF SELF-ASSESSMENT OF MAYBANK INDONESIA FINANCIAL
CONGLOMERATE IGCG IMPLEMENTATION
The results of the self-assessment of the implementation of IGCG of Maybank Indonesia Financial Conglomerate for 1st Semester and
2nd Semester year 2023 are each and consecutively given “Rating 1” (“Very Good”). If there are weaknesses in the application of TKT
principles, then in general these weaknesses are not significant and can be resolved with normal actions by the Bank’s management.
ANNUAL REPORT ON THE IMPLEMENTATION OF INTEGRATED GOVERNANCE
The Bank as the Main Entity in the Maybank Indonesia Financial Conglomeration, has submitted the Annual Report on the
Implementation of Integrated Governance in 2022. The Annual Report was prepared with reference to:
1. Financial Services Authority Regulation No. 18/POJK.03/2014 dated November 19, 2014 regarding the Implementation of Integrated
Governance for Financial Conglomerates;
2. Circular Letter of the Financial Services Authority No. 15/SEJK.03/2015 dated May 25, 2015 regarding the Implementation of
Integrated Governance for Financial Conglomerates;
3. Financial Services Authority Regulation No. 17 year 2023 regarding the Implementation of Governance for Commercial Banks;
4. Circular Letter of the Financial Services Authority No. 13/SEJK.03/2017 dated March 17, 2017 on the Implementation of Governance
for Commercial Banks.
The Annual Report on the Implementation of TKT of Maybank Indonesia Financial Conglomerate consists of:
1. Self-Assessment Report on the Implementation of Integrated Governance during the fiscal year;
2. Financial Conglomerate Structure;
3. Shareholding structure of the Financial Conglomerate that describes the parties that are shareholders of the Financial Services
Institutions (FSIs) in the Financial Conglomerate up to the ultimate shareholders;
4. The management structure of the Bank as the Main Entity and the Financial Services Institutions (Subsidiaries) within the Financial
Conglomerate;
5. Intra-group transaction policy;
6. TKT Committee;
7. Maybank Indonesia Governance Implementation Report, which consists of:
a. Transparency of Governance Implementation as referred to in point IX of Circular Letter of Financial Services Authority No. 13/
SEOJK.03/2017 concerning Implementation of Governance for Commercial Banks; and
b. Governance Implementation Self-Assessment Report as referred to in Appendix IV to the Circular Letter of the Financial Services
Authority No. 13/SEOJK.03/2017 on the Implementation of Governance for Commercial Banks.
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IMPLEMENTATION OF THE ASEAN
CORPORATE GOVERNANCE SCORECARD
No Principles and Recommendations Page
A RIGHTS AND EQUITABLE TREATMENT OF SHAREHOLDERS
A.1 BASIC SHAREHOLDER RIGHTS
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 (ii) 210-211, 411-418, 555-
A.1.1
approved by shareholders at general meetings for final dividends? In case the company has offered Scrip dividend, 556
did the company paid the dividend within 60 days.
RIGHT TO PARTICIPATE EFFECTIVELY IN AND VOTE IN GENERAL SHAREHOLDER MEETINGS AND SHOULD
A.2 BE INFORMED OF THE RULES, INCLUDING VOTING PROCEDURES, THAT GOVERN GENERAL SHAREHOLDER
MEETINGS.
Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees, allowances,
A.2.1 benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive directors/ 415, 420
commissioners?
Does the company provide non-controlling shareholders a right to nominate candidates for board of directors/
A.2.2 416, 422
commissioners?
A.2.3 Does the company allow shareholders to elect directors/commissioners individually? 416, 422
A.2.4 Does the company disclose the voting procedures used before the start of meeting? 411, 413
Do the minutes of the most recent AGM record that the shareholders were given the opportunity to ask questions
A.2.5 413-424
and the questions raised by shareholders and answers given recorded?
Does the company disclose the voting results including approving, dissenting, and abstaining votes for all
A.2.6 413-424
resolutions/each agenda item for the most recent AGM?
A.2.7 Does the company disclose the list of board members who attended the most recent AGM? 413
Does the company disclose that all board members and the CEO (if he is not a board member) attended the most
A.2.8 413
recent AGM?
411, 413 and in
A.2.9 Does the company allow voting in absentia? the GMS Rules of
Procedure
413
A.2.10 Did the company vote by poll (as opposed to by show of hands) for all resolutions at the most recent AGM? and in the GMS Rules
of Procedure
Does the company disclose that it has appointed an independent party (scrutineers/inspectors) to count and/or
A.2.11 413
validate the votes at the AGM?
Does the company make publicly available by the next working day the result of the votes taken during the most
A.2.12 412-413
recent AGM/EGM for all resolutions?
A.2.13 Does the company provide at least 21 days notice for all AGMs and EGMs? 412-413
Does the company provide the rationale and explanation for each agenda item which require shareholders’ GMS Announcement
A.2.14
approval in the notice of AGM/circulars and/or the accompanying statement? on the Bank's Website
GMS Announcement
Does the company give the opportunity for shareholders to place item/s on the agenda of general meetings and/or and Bank Articles of
A.2.15
to request for general meetings subject to a certain percentage? Association Point 18.5
on the Bank's Website
A.3 MARKETS FOR CORPORATE CONTROL SHOULD BE ALLOWED TO FUNCTION IN AN EFFICIENT AND TRANSPARENT MANNER.
In cases of mergers, acquisitions and/or takeovers requiring shareholders’ approval, does the board of directors/
A.3.1 190, 213-214
commissioners of the company appoint an independent party to evaluate the fairness of the transaction price?
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 general
412
meetings?
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No Principles and Recommendations Page
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 attached to 411
each class of shares (e.g. through the company website / reports/ the stock exchange/ the regulator’s website)? and in Articles of
Association Point 10.6
on Bank's website
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., there is 414-418
no bundling of several items into the same resolution? Minutes Summary
AGMS on Bank's
website
A.6.2 Are the company's notice of the most recent AGM/circulars fully translated into English and published on the same 412
date as the local-language version? and Bank’s website
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, 91-107, 416
experience, and directorships in other listed companies) in seeking election/re-election included? and Bank’s website
A.6.4 Are the auditors seeking appointment/re-appointment clearly identified? 415
and Bank’s website
A.6.5 Were the proxy documents made easily available? Invitation to the GMS
on the Bank's Website
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 days? 122
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 material
214
RPTs to determine whether they are in the best interests of the company and shareholders?
A.8.2 Does the company have a policy requiring board members (directors/commissioners) to abstain from participating Articles of Association
in the board discussion on a particular agenda when they are conflicted? on the Bank's Website
A.8.3 Does the company have policies on loans to directors and commissioners either forbidding this practice or ensuring
432, 447
that they are being conducted at arm's length basis and at market rates?
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' length? 214
A.9.2 In case of related party transactions requiring shareholders' approval, is the decision made by disinterested
212-215
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 63-64, 227-235
Sustainability Report
C.1.1 Does the company identify/report ESG topics that are material to the organisation’s strategy? 64, 223, 480
C.1.2 Does the company identify climate change as an issue? Sustainability Report
C.1.3 Does the company adopt an internationally recognised reporting framework or standard for sustainability (i.e. GRI,
Integrated Reporting, SASB, IFRS Sustainability Disclosure Standards)?
IF A COMPANY PUBLICLY SETS A SUSTAINABILITY-RELATED GOAL OR TARGET, THE DISCLOSURE
222-228, 573
FRAMEWORK SHOULD PROVIDE THAT RELIABLE METRICS ARE REGULARLY DISCLOSED IN AN EASILY
Sustainability Report
ACCESSIBLE FORM
C.1.4 Does the company disclose quantitative sustainability target? 222-228, 573
Sustainability Report
C.1.5 Does the company disclose sustainability-related performance progress in relation to its previously set targets? Sustainability Report
C.1.6 Does the company confirm that its Sustainability Report / Reporting is reviewed and /or approved by the Board or
Board Committee?
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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 matters
Sustainability Report
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 matters
Sustainability Report
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 structure
207-209
is compatible with its strategic goals and its associated risk appetite?
C.4 THE CORPORATE GOVERNANCE FRAMEWORK SHOULD RECOGNISE 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
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? 86-89, 554
C.4.2 Supplier/contractor selection procedures? 553
C.4.3 The company's efforts to ensure that its value chain is environmentally friendly or is consistent with promoting 553
sustainable development? Sustainability Report
C.4.4 The company's efforts to interact with the communities in which they operate? Sustainability Report
C.4.5 The company's anti-corruption programmes and procedures? 554
C.4.6 How creditors' rights are safeguarded? 555
C.4.7 Does the company have a separate report/section that discusses its efforts on environment/economy and social Sustainability Report
issues? and Corporate Social
and Environmental
Responsibility Report
Chapter
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 violation of 76, 524-525, 544
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 employees? 238-239, 249,-250
and Sustainability
Report
C.6.2 Does the company explicitly disclose the policies and practices on training and development programmes for its
242-247
employees?
C.6.3 Does the company have a reward/compensation policy that accounts for the performance of the company beyond
249-251
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 company's 524-525
website or annual report?
C.7.2 Does the company have a policy or procedures to protect an employee/person who reveals alleged illegal/unethical
524
behavior from retaliation?
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 585
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
No Principles and Recommendations Page
D DISCLOSURE AND TRANSPARENCY
D.1 TRANSPARENT OWNERSHIP STRUCTURE
D.1.1 Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more? 120-122
D.1.2 Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial
120-122
shareholders?
D.1.3 Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? 120-122
D.1.4 Does the company disclose the direct and indirect (deemed) shareholdings of senior management? 120-122, 495
D.1.5 Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures and
125
special purpose enterprises/ vehicles (SPEs)/ (SPVs)?
D.2 QUALITY OF ANNUAL REPORT
Does the company's annual report disclose the following items:
D.2.1 Corporate objectives 86
D.2.2 Financial performance indicators 190
D.2.3 Non-financial performance indicators 160-187, 205-228,
D.2.4 Dividend policy 210, 555
D.2.5 Biographical details (at least age, academic qualifications, date of first appointment, relevant experience, and any
91-107
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
402, 519-521, 526-530
governance and where there is noncompliance, identify and explain reasons for each such issue?
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? 492-495
D.3.2 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] details of
492-495
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 executive directors 492-495
and CEO?
D.3.4 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] the details of
492-495
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? 213-214
and Financial
Statements
D.4.2 Does the company disclose the name, relationship, nature and value for each material RPTs? 214
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? 556
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? 543
D.6.2 Does the non-audit fee exceed the audit fees? 543
D.7 MEDIUM OF COMMUNICATIONS
Does the company use the following modes of communication?
D.7.1 Quarterly reporting 550
D.7.2 Company website 141
D.7.3 Analyst briefing 544-546
D.7.4 Media briefings/press conferences 544-546
PT Bank Maybank Indonesia Tbk 2023 Annual Report 583
Page 586
584
Main Management Company Management Discussion
Highlights Report Profile and Analysis
No Principles and Recommendations Page
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?
D.8.2 Is the annual report released within 120 days from the financial year end?
D.8.3 Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board 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) Bank’s website
D.9.2 Materials provided in briefings to analysts and media Bank’s website
D.9.3 Downloadable annual report Bank’s website
D.9.4 Notice of AGM and/or EGM Bank’s website
D.9.5 Minutes of AGM and/or EGM Bank’s website
D.9.6 Company's constitution (company's by-laws, memorandum and articles of association) Bank’s website
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 responsible for
76, 544
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? 425, 439
E.1.2 Are the types of decisions requiring board of directors/commissioners' approval disclosed ? 438-439
and Article of
Association and
website
E.1.3 Are the roles and responsibilities of the board of directors/commissioners clearly stated ? 438-439
CORPORATE VISION/MISSION
E.1.4 Does the company have an updated vision and mission statement? 84
E.1.5 Does the board of directors play a leading role in the process of developing and reviewing the company's strategy
61, 438-439
at least annually?
E.1.6 Does the board of directors have a process to review, monitor and oversee the implementation of the corporate
61
strategy?
E.2 BOARD STRUCTURE
Code of Ethics or Conduct
E.2.1 Are the details of the code of ethics or conduct disclosed? 546-547
E.2.2 Are all directors/commissioners, senior management and employees required to comply with the code/s? 546-547
E.2.3 Does the company have a process to implement and monitor compliance with the code/s of ethics or conduct? 546-547
Board Structure & Composition
E.2.4 Do independent directors/commissioners make up at least 50% of the board of directors/commissioners? 437
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 Article of Association
directors/ commissioners? and website
E.2.6 Has the company set a limit of five board seats that an individual independent/non-executive director/
commissioner may hold simultaneously?
E.2.7 Does the company have any executive directors who serve on more than two boards of listed companies outside of
91-107, 431, 444
the group?
Nominating Committee
E.2.8 Does the company have a Nominating Committee? 472-476
E.2.9 Is the Nominating Committee comprised of a majority of independent directors/commissioners? 472-473
E.2.10 Is the chairman of the Nominating Committee an independent director/commissioner? 472-473
E.2.11 Does the company disclose the terms of reference/ governance structure/charter of the Nominating Committee? 472-475
E.2.12 Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee meet
476
at least twice during the year?
PT Bank Maybank Indonesia Tbk 2023 Annual Report
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Review Governance Responsibility Statements
No Principles and Recommendations Page
Remuneration Committee / Compensation Committee
E.2.13 Does the company have a Remuneration Committee? 472-476
E.2.14 Is the Remuneration Committee comprised entirely of non-executive directors/commissioners with a majority of
472-473
independent directors/commissioners ?
E.2.15 Is the chairman of the Remuneration Committee an independent director/commissioner? 472-473
E.2.16 Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee? 472-475
E.2.17 Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration Committee
476
meet at least twice during the year?
Audit Committee
E.2.18 Does the company have an Audit Committee? 466
E.2.19 Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of
466-467
independent directors/commissioners?
E.2.20 Is the chairman of the Audit Committee an independent director/commissioner? 466-467
E.2.21 Does the company disclose the terms of reference/governance structure/charter of the Audit Committee? 466
E.2.22 Does at least one of the independent directors/commissioners of the committee have accounting expertise
466-467
(accounting qualification or experience)?
E.2.23 Is the meeting attendance of the Audit Committee disclosed and, if so, did the
469-470
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 removal of
470
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? 448-461
E.3.2 Does the board of directors/commissioners meet at least six times during the year? 448-461
E.3.3 Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year? 448-461
E.3.4 Does the company require a minimum quorum of at least 2/3 for board decisions? 448-461
E.3.5 Did the non-executive directors/commissioners of the company meet separately at least once during the year
448-461
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 business days
448-461
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? 513-517
E.3.8 Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on
513-517
relevant developments?
Board Appointments and Re-Election
E.3.9 Does the company disclose the criteria used in selecting new directors/commissioners? 427-428, 439
E.3.10 Did the company describe the process followed in appointing new directors/commissioners? 427-428, 439
E.3.11 Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries Article of Association
whose legislation prescribes a term of 5 years each? and website
Remuneration Matters
E.3.12 Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the
415
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 provision and deferred 492
bonuses?
PT Bank Maybank Indonesia Tbk 2023 Annual Report 585
Page 588
586
Main Management Company Management Discussion
Highlights Report Profile and Analysis
No Principles and Recommendations Page
Internal Audit
E.3.14 Does the company have a separate internal audit function? 531
E.3.15 Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? 531
E.3.16 Does the appointment and removal of the internal auditor require the approval of the Audit Committee? 531
Risk Oversight
E.3.17 Does the company establish a sound internal control procedures/risk management framework and periodically
535, 539
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 controls) and risk 539-541
management systems?
E.3.19 Does the company disclose the key risks to which the company is materially exposed to (i.e. financial, operational
539-541
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
537, 541
Audit Committee commenting on the adequacy of the company's internal controls/risk management systems?
E.4 PEOPLE ON THE BOARD
Board Chairman
E.4.1 Do different persons assume the roles of chairman and CEO? 91, 99
E.4.2 Is the chairman an independent director/commissioner? 91
E.4.3 Is any of the directors a former CEO of the company in the past 2 years? 91-98
E.4.4 Are the roles and responsibilities of the chairman disclosed? 426-427
Lead Independent Director
E.4.5 If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director and has his/her
436-437
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 that the
99-107
company is operating in?
E.5 Board Performance
Directors Development
E.5.1 Does the company have orientation programmes for new directors/commissioners? 432, 447
E.5.2 Does the company have a policy and actual practice and programs that encourages directors/commissioners to
429-431, 421-443
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 succession of
476
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/Managing
448
Director/President?
Board Appraisal
E.5.5 Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose
448
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
435-436, 448
disclose the criteria and process followed for the assessment?
Committee Appraisal
E.5.7 Did the company conduct an annual performance assessment of the board committees and disclose the criteria and
432-433, 447-448
process followed for the assessment?
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Level 2 BONUS ITEMS
No Principles and Recommendations Page
(B)A. Rights of shareholders
(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.
(B)A.1.1 Does the company practice real time secure electronic voting in absentia at general meetings of shareholders? 411, 413
(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 announced to
412
the Exchange, at least 28 days before the date of the meeting?
(B)C. Sustainability and Resilience
(B)C.1
(B).C.1.1 Does the company disclose how it manages climate-related risks and opportunities? 64, 480
and Sustainability
Report
(B).C.1.2 Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? Sustainability Report
and Bank’s website
(B).C.1.3 Does the company disclose the engagement channel with stakeholder groups and how the company responds to 227
stakeholders’ ESG concerns? dan Laporan
Keberlanjutan
(B).C.1.4 Does the company have a unit / division / committee who is specifically responsible to manage the sustainability 82
matters? and Sustainability
Report
(B).C.1.5 Does the company disclose board of directors/commissioners' oversight of sustainability-related risks and 268, 289
opportunities?
(B).C.1.6 Does the company disclose the linkage between executive directors and senior management remuneration and 484
sustainability performance for the previous year?
(B).C.1.7 Is the company’s Whistle Blowing System managed by independent parties / institutions? 524
(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? Audited Financial
Statements
(B)E. Responsibilities of the Board
(B)E.1 Board Competencies and Diversity
(B)E.1.1 Does the company have at least one female independent director/commissioner? 92, 100
(B)E.1.2 Does the company have a policy and disclose measurable objectives for implementing its board diversity and
463-465
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? 473
(B)E.2.2 Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the
474-475
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 directors/ 445-446, 474-475
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/
428, 437, 462
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 the 267, 297, 301
overall risk management framework?
(B)E.6 Board Performance
(B)E.6.1 Does the company have a separate board level Risk Committee? 476, 496, 503
PT Bank Maybank Indonesia Tbk 2023 Annual Report 587
Page 590
588
Main Management Company Management Discussion
Highlights Report Profile and Analysis
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? 402, 411, 572
(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) A.2.1 Is there evidence of barriers that prevent shareholders from communicating or consulting with other
None
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) A.3.1 Did the company include any additional and unannounced agenda item into the notice of AGM/EGM? 414-424
(P) A.3.2 Was the Chairman of the Board and the Chairmen of all Board Committees and the CEO absent from the most
413
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) A.4.1 Shareholders agreement? Bank's Articles of
Association
(P)A.4.2 Voting cap? Bank's Articles of
Association
(P)A.4.3 Multiple voting rights? 411
(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) A.5.1 Is a pyramid ownership structure and/ or cross holding structure apparent? 123
(P) B Equitable treatment of shareholders
(P) B.1 Insider trading and abusive self-dealing should be prohibited.
(P) B.1.1 Has there been any conviction of insider trading involving directors/commissioners, management and employees
556
in the past three years?
(P) B.2 Protecting minority shareholders from abusive action
(P) B.2.1 Has there been any cases of non compliance with the laws, rules and regulations pertaining to material related
None
party transactions in the past three years?
(P) B.2.2 Were there any RPTs that can be classified as financial assistance (i.e not conducted at arms length) to entities
213, 549
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/ commercial/
None
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 time 521
period for material events? None
(P) C.2.2 Is there any evidence that the company is engaging in greenwashing activities? Sustainability Report,
None
(P) D Disclosure and transparency
(P) D.1 Sanctions from regulator on financial reports
(P) D.1.1 Did the company receive a "qualified opinion" in its external audit report? None
(P) D.1.2 Did the company receive an "adverse opinion" in its external audit report? None
(P) D.1.3 Did the company receive a "disclaimer opinion" in its external audit report? None
(P) D.1.4 Has the company in the past year revised its financial statements for reasons other than changes in accounting
None
policies?
(P) E Responsibilities of the Board
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No Principles and Recommendations Page
(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
None
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 issues
None
of governance-related concerns?
(P) E.2 Board structure
(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?
436-437
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, and
440
executive?
(P) E.2.3 Does the company have any independent directors/non- executive/commissioners who serve on a total of more
444
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 (in the
454-465
past 2 years)?
(P) E.4 Board structure and composition
(P) E.4.1 Has the chairman been the company CEO in the last three years? 91
(P) E.4.2 Do non-executive directors/commissioners receive options, performance shares or bonuses? 211, 556
PT Bank Maybank Indonesia Tbk 2023 Annual Report 589
Page 592
590
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Board of Commissioners Approval Sheet
Good Corporate Governance (GCG) Implementation Report 2023
PT Bank Maybank Indonesia Tbk
Board of Commissioners
Dato’ Khairussaleh Ramli
President Commissioner
Edwin Gerungan Datuk Lim Hong Tat Dato’ Zulkiflee Abbas Abdul Hamid
Commissioner Commissioner Commissioner
Budhi Dyah Sitawati Achjar Iljas Hendar Putut Eko Bayuseno
Independent Commissioner Independent Commissioner Independent Commissioner Independent Commissioner
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 593
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Board of Directors Approval Sheet
Good Corporate Governance (GCG) Implementation Report 2023
PT Bank Maybank Indonesia Tbk
Board of Directors
Taswin Zakaria
President Director
Thilagavathy Nadason Irvandi Ferizal Effendi Muhamadian
Director Director Director Director
Widya Permana Steffano Ridwan Ricky Antariksa Bambang Andri Irawan
Director Director Director Director
PT Bank Maybank Indonesia Tbk 2023 Annual Report 591
Page 594
2023
GCG REPORT
Shariah Business Unit
Page 595
INTRODUCTION Since 2014, Maybank Indonesia has implemented the ‘Shariah
To foster sound growth and develop a reliable business First’ and ‘Leverage Business Model’ strategies that give
expansion, PT Bank Maybank Indonesia Tbk Shariah Business precedence to offering shariah products to all Maybank
Unit (hereinafter referred to as Maybank Indonesia SBU) is Indonesia customers. While also consistent with the Maybank
committed to implement Good Corporate Governance (GCG) Group’s, these strategies differentiate the Bank as an Innovative
with consistency while ensuring that its banking management Industry Leader in the shariah banking industry.
remains shariah-compliant in order that the interest of its
different groups of stakeholders are protected. This all adds up To help execute the strategies, Maybank Indonesia SBU has
to a risk mitigation effort as has been mandated by the Financial been very consistent in building stronger governance guidelines
Services Authority (OJK), particularly in managing reputation risk through Shariah Governance Framework (SGF), Shariah
in the Islamic banking industry. Compliance Policy (SCP) and close oversight on the application
of Shariah principles in work units and activities across Maybank
The implementation of Corporate Governance refers to Indonesia.
Bank Indonesia Regulation (PBI) No. 11/33/PBI/2009 dated 7
December 2009 and its Circular Letter (SEBI) No.12/13/DPbS Through an active role and full support of SBU Director and the
dated 30 April 2010 on Good Corporate Governance for Shariah Shariah Supervisory Board, Maybank Indonesia SBU works to
Banks and Shariah Business Units, stipulated that GCG for ensure that GCG principles are applied in every aspect of the
Shariah banking shall be based on five basic principles that aim business and organisation level, as have been manifested in
at protecting stakeholders interests, increase compliance with all the execution of duties and responsibilities of its SBU Director
applicable regulations, and adhere to generally accepted values and Shariah Supervisory Board, Shariah principles application
in Shariah banking industry. The five basic principles are: in funding and distribution, service offering, the application
1. Transparency; transparency in the disclosure of material and of prudence principles in disbursing funds to core financing
relevant information and in the decision-making process. customers and depositing funds by core depositors, and ensuring
2. Accountability; clarity of functions and proper transparency in financial and non-financial aspects, governance,
implementation of accountability of bank organs to ensure as well as internal reporting.
effective business management.
3. Responsibility; conformity of bank management to all DIRECTOR OF MAYBANK INDONESIA
applicable laws and regulations and the principles of sound SBU
bank management. Pursuant to all governance stipulations, Maybank Indonesia
4. Professional; having competence and capability to act SBU Director is fully responsible for SBU management based on
objectively and are free from influence/pressure from any both prudence and Shariah principles. Based on the results of
other party (independent) and having a high commitment to Annual Meeting of Shareholders (“AGM”) of Maybank held on
develop Islamic banking. 11 November 2013, Mr. Taswin Zakaria, who is also the President
5. Fairness; impartiality and equality in fulfilling the rights of Director of Maybank Indonesia (formerly BII), was appointed for
the position. The appointment was approved by OJK in letter
No. S.114/PB.13/2014 dated 9 October 2014 on the Application
for Approval of Candidates for Director of Shariah Business Unit
(SBU) of PT Bank Internasional Indonesia, Tbk.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit 593
Page 596
594
GCG REPORT
SHARIAH BUSINESS UNIT
PROFILE OF MAYBANK INDONESIA SBU DIRECTOR
Indonesian citizen, 55 years old.
President Director of Maybank since11 November 2013
(OJK approval obtained on 12 March 2014)
Experience
Previously an Independent Commissioner of Maybank Indonesia from December 16, 2003 to
November 11, 2013. Has been a member of PERBANAS Supervisory Agency since 2016. Was an
Independent Commissioner of PT Jasa Angkasa Semesta Tbk (2005-2013), President Director of PT
Indonesia Infrastructure Finance (2010-2011), Director of Barclays Bank Plc for Indonesia, and Head
of Asia Regional at Alternate Capital Market/Islamic Finance (2001-2003). He also served as Vice
President of Deutsche Bank AG Jakarta and as Head of the Debt Capital Marketand Liability Risk
Management Division (1997-2001). He launched his banking career at Citibank NA Jakarta as Head of
the Corporate Restructuring and Project Finance Division (1992-1997).
Qualifications
A Bachelor Degree in Accounting, which he earned in 1991 with Cum Laude from Ohio State
University.
Duties and Responsibilities
Taswin Zakaria is responsible for setting business strategy and providing overall direction for the
Taswin Zakaria Bank’s business operations, overseeing the shariah banking business, and supervising Internal Audit
President Director work unit.
Committee Membership:
• Chairman of the Risk Management Committee
• Chairman of Assets & Liabilities Management Committee
• Chairman of IT Steering Committee
• Chairman of Human Capital Committee
• Chairman of Credit Restructuring Committee
• Chairman of Credit Committee
• Member of Integrated Risk Management Committee
Duties and Responsibilities of the Maybank Indonesia SBU Director
The following are duties and responsibilities of the Director of Maybank Indonesia SBU:
Key Accountability Main Activities Result
Responsible for devising 1. Develop SBU business strategy for the next 5 years. Annual Budget Work Plan
development strategy for 2. Prepare the Annual Budget Work Plan (RKAT) of SBU.
the SBU business
Responsible for the 1. Working with Shariah Supervisory Board (SSB), to oversee SBU banking 1. Follow-up supervision of SSB
implementation of SBU activities, both Shariah products and services to comply with Shariah principles and Audit.
management based on and analysing audit findings and/or recommendations from audit results by the 2. GCG report of SBU.
both prudence and Shariah Financial Authority, internal auditors and/ or external auditors. 3. SBU Risk Profile Report.
principles 2. Analysing and following up the SSB half-yearly Oversight Report every that
contains the implementation report on the conformity of the Bank’s products
and services to DSN fatwa and Shariah opinions on operational guidelines and
products issued by SBU.
3. Conducting follow ups on audit findings and/or recommendations audit results
by the Financial Services Authority, internal auditors and / or external auditors.
PROFILE OF MAYBANK INDONESIA SBU HEAD
ROMY HARDIANSYAH BUCHARI
Indonesian citizen, 51 years old.
Served as Head of Maybank Indonesia SBU since 21 June 2019
Experience
Prior to joining Maybank Indonesia SBU, he worked at Emirates Islamic Bank Dubai, UAE from 2013-2019 with his last position as Head of Syndication &
Capital Market. He was Head of Large Corporate and Public Sector at HSBC in Muscat, Oman (2013) after previously joining HSBC Amanah head office
in Dubai (2011-2012), HSBC Singapore and Jakarta (2005-2009). He also has Corporate experience at Al Bilad Bank in Riyadh, Saudi Arabia, from 2009-
2010. He started his career at Proto Engineering, California, USA (1996-1997) and then joined Banking in 1997 at Sumitomo Niaga Bank and ABN-AMRO
and also worked at McKinsey & Company, Jakarta.
Qualifications
A holder of Bachelor Degree in Business from San Jose State University (USA) in 1996.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
Page 597
BUSINESS DEVELOPMENT AND Shariah Governance Framework (SGF) dan Shariah
SERVICES Compliance Policy (SCP)
Maybank Indonesia SBU business development, which gives The Shariah Compliance Policy (SCP) is a summary of Shariah
precedence to shariah business, continued to deliver very strong principles in accordance with the fatwas of the National Shariah
results. With a ‘product & sales support management’ business Council-Majelis Ulama Indonesia (DSN-MUI) and Shariah
model, Maybank Indonesia SBU is a unit that manages and banking regulations to enhance control over the fulfilment of
develops products and supports marketing the products under Shariah principles in the Bank’s Shariah business activities. The
a shariah scheme; and supports the Maybank Indonesia SBU SCP is part of the Bank’s Shariah Governance Framework (SGF)
business with product differentiation purposely developed to and serves as the basis for the preparation of the Bank’s internal
meet customer needs in all shariah segments: Retail, Business provisions relating to the fulfilment of Shariah principles in
and Global Banking. carrying out Shariah business activities.
During 2023, Maybank Indonesia SBU succeeded in executing Maybank Indonesia is committed to continuously updating the
business strategies, work programs and projects to help run the Shariah Governance Framework and Shariah Compliance Policy
Shariah business, namely: (SCP) to keep them relevant to Maybank Indonesia’s business
activities, including updating the Shariah Financing Screening
‘Shariah First’ Strategy Checklist.
In 2023, Maybank Indonesia SBU Management proceeded with
its ‘Shariah First’ strategy where all Maybank Indonesia branch Shariah Banking Socialisation, Education and Awareness
offices offer banking products under shariah scheme to potential Maybank Indonesia SBU always actively participates in Sharia
and existing customers with a priority on product excellence. banking Sosialisation and education activities initiated by OJK
and BI, Indonesian Sharia Bank Association (ASBISINDO), BUS
Product Development & Innovation and SBU and BPRS through ‘Financial Inclusion Month’ and other
In 2023, Maybank Indonesia SBU continues to be committed Sharia awareness activities.
to playing an active role in helping build the Islamic banking
industry by developing and innovating digital products and Socialisation and education activities aim to promote the Syariah
services including the following: banking system to the public through:
1. Multicurrency Current Account iB. (i) Sharia banking education, socialisation & promotion
2. M2U Web Revamp and feature enhancement on M2U ID App. programs that are easy to understand,
3. Development of registration service and payment of hajj (ii) Development of innovative products,
fees. (iii) Improvement of the quality of Sharia banking services that
are in accordance with the real needs of the community & the
E-Learning of Shariah Banking business world of banking service users,
Until 2023, in order to increase staff awareness and (iv) Office network efficiency, including innovation in providing
understanding of Sharia principles, Maybank Indonesia SBU is Sharia banking services that are easy and efficient and reach
still implementing e-learning of Sharia banking. all levels of society,
(v) Increasing competitiveness in terms of competitive banking
As an ongoing effort for the socialisation and education of services and financing costs, and
Shariah banking, Maybank Indonesia SBU also strives to ensure (vi) Increasing competitive investment benefits or returns.
all employees related to Shariah business follow the E-Learning
of Shariah Banking programme, including by monitoring the
completion of e-learning modules and requiring the Foundation
of Shariah Banking and Comprehension of Shariah Banking
modules as mandatory e-learning modules for the appointment
of Maybank Indonesia employees.
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During 2023, Maybank Indonesia SBU Syariah banking socialisation and education activities were as follows:
No Date Event Venue
1 21 February 2023 Socialisation of IMBT and Acquisition of MyProtection Bijak Jakarta Region 1 Grand Mahakam Hotel - Jakarta
2 23 February 2023 Shariah Socialisation for Entrepreneurs of Serang-Cilegon Region & Hotel Horison Ultima Ratu - Serang
Members of KADIN Serang Regency
3 12 March 2023 Inspiring Talks with Muslimah Daily Auditorium Jakarta Design Center
4 14 March 2023 Sharia Equity Investment Literacy at UII Yogya Auditorium Universitas Islam
Indonesia - Jogja
5 16 March 2023 Socialisation of IMBT and Acquisition of MyProtection Bijak Jakarta region 2 Aston Pluit Hotel & Residence
6 15 April 2023 Sharia Equity Investment Literacy in a Dictional Hat with MES Beranda Kitchen- Kebayoran Baru
7 24 May 2023 Sharia Product Socialisation to Members of the Association of Private Gd. Pertemuan Balaikota Tangerang
Elementary Schools in South Tangerang (KCPS Tangerang Event) Selatan
8 25 May 2023 Sharia Equity Investment literacy event with Gunadarma University Auditorium Universitas Gunadarma
9 10 June 2023 Shariah Equity Investment literacy with Syarif Hidayatullah State Islamic Auditorium Universitas Islam
University Negeri Syarif Hidayatullah
10 15-17 June 2023 Shariah Investment Week Jakarta FX Mall - Jakarta
11 12 July 2023 Semarang class MSME workshop Online Webinar
12 15 July 2023 Semarang class MSME workshop Balai Pelatihan Koperasi dan UKM
Provinsi Jawa Tengah
13 18 July 2023 Surabaya MSME Workshop Kantor Lazismu Surabaya
14 22 July 2023 UMKM Workshop Medan class Swiss Bellin Hote - Medan
15 30 July 2023 Jakarta MSME Workshop M Bloc Space - Jakarta
16 12 August 2023 Sharia Equity Investment literacy with Investasi Saham Pemula (ISP) - D’Garden Hall & Resto - Purwokerto
Purwokerto
17 24 August 2023 Sharia Equity Investment literacy with Rumah Kepemimpinan Aula HB Jassin P4TK Bahasa –
Lenteng Agung, Jakarta
18 17 October 2023 Sharia Equity Investment literacy event with Baiturrahmah University Universitas Baiturrahmah - Padang
Padang
19 21 October 2023 Tarrarium Festival "Quality Smart Generation" Multifunction Hall, Lt. 28, SS3
20 25-29 October 2023 Halal Expo Indonesia 2023 Event - JCC Jakarta Convention Center - Jakarta
21 26-29 October 2023 Financial Inclusion Month - OJK FinExpo 2023 - Jogja Pakuwon Mall - Yogyakarta
22 8 November 2023 Investment literacy with the theme "Smart Investors Towards Quality Universitas Ar-Raniry - Aceh
Economy" at UIN Ar-Raniry Aceh
ORGANISATIONAL DEVELOPMENT
To improve its Shariah business, the Management of Maybank Indonesia is aligning Maybank's overall business strategy by developing
Maybank Indonesia UUS as 'Product & Sales Management' in accordance with Shariah principles.
Maybank Indonesia UUS organisational development continues to be carried out to support the implementation of the Leveraged
Business Model and accelerate the growth of Maybank Indonesia UUS while maintaining business and operational conformity with
Shariah principles.
Human Resources (HR) Education and Training
Maybank Indonesia UUS continues to improve its HR capabilities/competencies by providing various training, namely:
1. Provide Shariah banking training to employees who handle or are related to Shariah business at Branch Offices and Head Office in
the form of e-Learning and in class training according to the level of training required by each employee.
2. Provide opportunities for DPS members to take part in training/seminars/workshops in accordance with the self-development needs
of DPS members to support and improve Shariah supervision activities at Maybank Indonesia UUS, including Pre-Ijtima' Sanawi and
Ijtima' Sanawi (Annual Meeting) DPS Year 2023 organised by DSN-MUI.
3. Other related training courses.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
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DEVELOPMENT OF DISTRIBUTION In 2024, the Bank will focus on increasing the productivity and
NETWORK business growth in each Shariah branch as well as using the
The Bank continues to assess the potential for business existing BUK office network to continue expanding regional
development in a number of regions in Indonesia which will coverage and the Shariah financial market. For this reason,
become new locations for opening Shariah Branch Offices, taking Management does not yet have plans to open a new Shariah
into account the provisions in POJK No. 12 of 2023 concerning branch office network in 2024.
Shariah Business Units (UUS). POJK No. 12 of 2023 is based on
the spirit of synergy as is also applied to Shariah Commercial To grow the business in the Shariah branch office network, the
Banks (BUS). With this underlying spirit of synergy, in the future Bank is implementing a sustainable strategy which includes:
banks will be given convenience in developing KCS and KCPS 1. Sales of innovative Shariah products and solutions in the CFS
networks, as well as utilising the BUK (Conventional Commercial Retail segment such as IMBT financing products, Shariah
Bank) branch office network infrastructure, as long as the BUK Wealth Management solutions, Hajj and Umrah solutions,
and UUS have development plans to expand the scope of Sharia- automotive solutions, and others.
based financial services. 2. Sales of innovative Shariah products and solutions in the CFS
Non Retail segment, as will be focused on developing Shariah
The strategy for opening a Shariah Branch Office is also to overdraft products.
demonstrate the existence of Maybank Indonesia UUS and 3. Product such as the Kafalah Coolpay will also be the focus
increase public customer awareness that Maybank Indonesia of development, thereby enabling more efficient financial
UUS has innovative and competitive Shariah financial products transactions.
and services for the needs of the local community. 4. Activate increased sales penetration of Shariah financial
products and services in KC and KCP BUK for the CFS
Regarding the development of the Shariah office network, segment as an implication of the ‘Shariah First’ strategy,
Maybank Indonesia UUS has opened 1 (one) Kelapa Gading through the strengthening of pipeline management, both
Syariah KCP in November 2023, bringing the number of Shariah in terms of financing and funding as well as bancassurance
office networks which previously amounted to 19 (nineteen) and investment products, the aim of which is to continue
offices per September 2023, to 20 (twenty) offices per November to increase the portion Shariah on the Maybank Indonesia
2023, consisting of 17 (seventeen) KCS and 3 (three) KCPS. portfolio as a whole.
SHARIA SUPERVISORY BOARD (SSB)
The number, criteria, dual positions, and duties and responsibilities of SSB Maybank Indonesia SBU are in accordance with the provisions
on GCG and Sharia Business Unit.
Number and Composition of SSB
In 2023, the composition of SSB members is 3 (three) people and one of them is appointed as Chairman with the following composition:
No Name Position GMS Approval Term of Office
1 Dr. H.M. Anwar Ibrahim, MA. Chairman Deed of Statement of Meeting Resolution of AGMS 2023
PT Bank Maybank Indonesia Number 144 dated
24 July 2020
2 Dr. H. Abdul Jabar Majid, MA. Member Deed of Statement of Meeting Resolution of AGMS 2024
PT Bank Maybank Indonesia Tbk. Number 56
dated 23 April 2021
3 Mohammad Bagus Teguh Perwira, Lc., MA Member Deed of Statement of Meeting Resolution of AGMS 2023
PT Bank Maybank Indonesia Number 144 dated
24 July 2020
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SSB Profile
Indonesian citizen, 82 years old.
Chairman of SSB Maybank Indonesia SBU since 20 May 2003 and reappointed through Maybank’s
AGMS on 31 March 2023.
Experience
Active in the Indonesian Ulama Council as Member of Fatwa Commission from 2000 to 2010.
Chairman of SSB in several Islamic Financial Institutions. Has various teaching experiences in his
career (1964 - 2016) including teaching at Institut Ilmu Al Quran, Syarif Hidayatullah State Islamic
University Jakarta, Universitas Indonesia, and Trisakti University.
Qualifications
Bachelor in Islamic and Sharia Studies from Raden Fatah Islamic Institute, Palembang (1964), Master
of Arts (1966 - 1969) and Philosophy of Doctor in Comparative Fiqh and Ushulfiqh from Al-Azhar
University, Cairo (1974 - 1978). Competent as a Capital Market Sharia Expert from The Indonesia
Capital Market Institute and OJK (2016).
DR. H.M. Anwar Ibrahim, MA.
Indonesian citizen, 71 years old.
Member of SSB Maybank Indonesia SBU since 20 May 2003 and reappointed through Maybank
AGMS on 26 Maret 2021.
Experience
His career is filled with teaching activities and currently teaches at Attaqwa Islamic College and
Postgraduate Islamic University 45, Bekasi.
Qualifications
Has several degrees in Islamic Studies, namely Tarbiyah Islamic Education from Sulthan Syarif Qasim
State Islamic Institute, Riau (1975), Bachelor of Ushuluddin Dakwah from Al-Azhar University, Cairo
(1979), Master of Islamic Education from Institute of Islamic Studies, Cairo (1991) and Doctor of
Islamic Studies from Syarif Hidayatullah State Islamic University, Jakarta (2007). Competent as a
Capital Market Sharia Expert from The Indonesia Capital Market Institute and OJK (2016).
DR. H. Abdul Jabar Majid, MA.
Indonesian citizen, 46 years old, domiciled in Bekasi, Indonesia.
Appointed as a member of the Sharia Supervisory Board (SSB) of Maybank Indonesia based on the
resolution of the AGMS of Maybank Indonesia on 31 March 2023.
Experience
Currently, he is a member of the Daily Executive Board - National Sharia Council-Majelis Ulama
Indonesia. He is also a member of SSB PT OCBC NISP Tbk and PT Bank BTN and serves as Chairman of
SSB PT Manulife Aset Manajemen Indonesia. He is also active as a trainer at DSN-MUI Institute.
Qualification
He has a Bachelor’s degree from the Faculty of Dirasat Islamiyah Wal Arabiyah, Al-Azhar University
Cairo-Egypt (1999) and the Islamic Economics Study Programme, Postgraduate School UIN Syarif
Hidayatullah - Jakarta (2007). In addition, he is authorised as a Capital Market Shariah Expert by OJK
and holds a certificate of competence for Shariah Supervisors and a Certified Financial Planner (CFP)
certificate.
Mohammad Bagus Teguh
Perwira, Lc., MA
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
Page 601
Concurrent Position as SSB
In accordance with the provisions regarding concurrent SSB positions, SSB members hold concurrent positions as SSB members at a
maximum of four other Sharia Financial Institutions.
The concurrent positions of SSB members of Maybank Indonesia SBU in 2023 are as follows:
No Name Position Company
1 Dr. H. M. Anwar Ibrahim, MA. Chairman of SSB Bank OCBC NISP (SBU)
2 Dr. H. Abdul Jabar Majid, MA. Chairman of SSB WOM Finance (SBU)
3 Mohammad Bagus Teguh Perwira, Lc., MA Member of SSB 1. Bank OCBC NISP (SBU)
2. Bank BTN (SBU)
Chairman of SSB PT Manulife Asset Manajemen Indonesia (UPIS)
Duties and Responsibilities of SSB To be able to carry out its duties and responsibilities as
DPS is responsible for providing advice and suggestions to mentioned above, SSB is authorised to do the following:
the Director in charge of SBU and overseeing the activities a. Examine and request explanations from authorised officials
of Maybank Indonesia SBU to comply with Sharia Principles. of Maybank and Maybank Indonesia SBU regarding the
Meetings between SSB and Director are scheduled as needed objectives, characteristics, SOP policies and contracts used in
where one of the meeting agendas is an update of SSB meeting products and financial activities in Maybank Indonesia SBU.
activities/results. b. Review and provide recommendations on policies, systems,
SOPs, products related to Sharia principles and contracts
Duties and responsibilities of SSB include, among others: issued by Maybank Indonesia SBU.
a. To assess and ensure the fulfilment of Sharia Principles on c. Conduct inspection, observation, request for information
operational guidelines and products issued by Maybank and/or confirmation to employees of Maybank and/or
Indonesia SBU. Maybank Indonesia SBU and/or Customers to strengthen the
b. Supervise the new product development process of Maybank results of the examination.
Indonesia SBU to be in accordance with DSN - MUI fatwa. d. Request all necessary data and information from the Director
c. Requesting fatwa from the National Sharia Council - in charge of Maybank Indonesia SBU in order to perform its
Indonesian Ulama Council for new products of Maybank duties.
Indonesia SBU for which there is no fatwa.
d. Conduct periodic review on the fulfilment of Sharia Principles The duties and responsibilities of SSB are outlined in the SGF
on the mechanism of fund raising and fund distribution as and SCP as guidelines for the implementation of their duties
well as services of Maybank Indonesia SBU. and responsibilities. The implementation of SSB duties and
e. Requesting data and information related to Sharia aspects responsibilities is assisted by the Shariah Advisory & Assurance
from Maybank Indonesia SBU working unit in order to work unit which is tasked with managing the implementation of
perform its duties. SSB meetings/meetings, administering DPS requests and opinion
f. Submit the results of supervision as outlined in the SSB results as well as the obligation to report the results of SSB
Supervisory Report on a semi-annual basis. supervision to OJK.
g. Always analyse new products and services in the form of SSB
Opinion in which the suitability of products and services to
be launched with Fatwa DSN-MUI is conveyed.
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During 2023, SSB has supervised and provided advice, suggestions, opinions on products and activities of Maybank Indonesia SBU to
always be in accordance with Sharia principles as reflected in several series of Sharia Supervisory Board Meetings below.
Work Programme and Activities of SSB
During 2023, SSB carried out activities in accordance with its duties and responsibilities. This can be seen through the work programme
and its realisation as follows:
No. Work Program Realisation
1 Assess and ensure compliance with Sharia Principles on operational SSB assisted by Shariah Advisory & Assurance unit assesses and
guidelines and products issued by Maybank Indonesia SBU. ensures all policies and SOPs and products issued are in accordance
with Sharia principles
2 Supervise the new product development process of Maybank Every time there is a new product development, SSB asked the
Indonesia SBU to comply with the DSN – MUI fatwa. relevant work unit to present and explain details and ask for an
opinion from SSB.
3 Request a fatwa from the National Sharia Council – Indonesian Ulama SSB did not ask DSN-MUI for a fatwa for new products, considering
Council (DSN-MUI) for the new product of Maybank Indonesia SBU that the products issued by the Bank are in accordance with the
for which there is no fatwa. existing fatwa.
4 Conduct periodic reviews on the fulfillment of Sharia Principles on the SSB, accompanied by the Shariah Advisory & Assurance Unit, in
mechanism of fund collection and distribution of funds as well as the 2023 has conducted periodic reviews of Maybank Syariah Branch
services of Maybank Indonesia SBU. Offices and Syariah Services on-site, including the Yogyakarta, Solo,
Banjarmasin, Banjarbaru, Aceh, and Makassar branch or desktop
review.
5 Request data and information related to Sharia aspects from the In carrying out its duties, SSB actively requested data and information
Maybank Indonesia SBU work unit in the context of carrying out their related to Sharia aspects assisted by the Shariah Advisory &
duties. Assurance unit.
6 Delivering the results of supervision as outlined in the SSB SSB has reported the results of its supervision on a semi-annual
Supervision Report on a semester basis. basis to the OJK with copies to the SBU Board of Commissioners and
Directors.
7 Always carry out an analysis of new products and services in the form Throughout 2023, SSB has issued 9 opinions regarding Sharia
of a SSB Opinion in which the suitability of the products and services products and business activities.
to be launched with the DSN-MUI Fatwa is conveyed.
8 Hold SSB meeting at least 1 (one) time in 1 (one) month. During 2023, SSB has held 22 meetings scheduled every Thursday and
or other days according to the availability of SSB time.
SSB Meeting Frequency and Attendance
SSB held a total of 22 meetings throughout 2023 with the attendance rate of SSB members as follows:
Name Total Attendance % ATTENDANCE
Dr. H. M. Anwar Ibrahim, MA. 22/22 100%
Dr. H. Abdul Jabar Majid, MA. 20/22 91%
Mohammad Bagus Teguh Perwira, Lc., MA* 22/22 100%
SSB meetings are held offline and online through teleconference media. The SSB meeting agenda discusses, among others, requests for
SSB opinion from Maybank Indonesia SBU business units, other work units, as well as with Maybank Management. SSB meeting minutes
are also well documented and administered in accordance with applicable regulations.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
Page 603
SSB Supervisory Report
In accordance with its duties and responsibilities as stated in SGF, SSB oversees the activities of Maybank Indonesia SBU to ensure the
products and services offered adhere to shariah principles. SSB examines Maybank Indonesia SBU activities once in every semester and
attach the results in its oversight Report to OJK.
SSB Remuneration
The remuneration and other facilities policy is determined at the General Meeting of Shareholders (GMS), including remuneration and
other facilities..
In 2023, SSB received a total remuneration of Rp1,525 million.
Total Received in 1 Year
No Type of Remuneration and Other Facilities
People in Million Rupiah
1. Remuneration 3 1.448
2. Other Facilities 3
a. Transferable a. 77
b. Non transferable b. -
Total - 1.525
Total Remuneration *) per person in 1 year Total SSB
More than Rp2 billion -
More than Rp1 billion to Rp2 billion -
More than Rp500 million to Rp1 billion 1
Rp500 million and below 2
*) received in financial form (non natura)
COLLECTION OF CORE DEPOSITS AND FINANCING TO CUSTOMERS OF CORE
FINANCING
Maybank Indonesia SBU has applied the precautionary principle in receiving depositor funds, especially from Core Depositor Customers
and also in providing financing to Core Financing Customers by always referring to regulatory provisions and remaining based on Sharia
principles. Maybank Indonesia SBU provides treatment for Core Financing Customers and Core Depositors following the general policy
of Maybank Indonesia SBU.
TRANSPARENCY OF FINANCIAL AND NON-FINANCIAL CONDITIONS
Internal Fraud and Efforts to Resolve
During 2023, there were no internal frauds at Maybank Indonesia SBU.
Jumlah Kasus yang Dilakukan oleh
Board of Non-permanent
Internal Fraud
Commissioners/Board of Permanent Employee Employee
(in 1 year)
Directors
2022 2023 2022 2023 2022 2023
Total fraud None None None None None None
Has been settled - - - - - -
In settlement process at SBU internal - - - - - -
Settlement has not been attempted - - - - - -
Have been followed up by legal process - - - - - -
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit 601
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Legal Issues
The civil and criminal law issues faced by Maybank Indonesia SBU during the period 2023 are as follows:
Total
No. Legal Issues
Civil Criminal
1 Completed (has had permanent legal status) 1 0
2 In completion process 9 0
Total 10 0
List of Consultants and Advisors In 2023, Maybank Indonesia SBU obtained benevolent funds
In 2023, Maybank Indonesia UUS does not use consultants and/ of Rp 6.3 billion, most of which have been distributed through
or advisors for specialised projects. partner institutions. Some of the flagship programs for the
distribution of benevolent funds this year are as follows:
Distribution of Funds for Social Activities and Use of 1. Productive economic empowerment program for the poor
Benevolent Funds and independent pesantren in collaboration with various
Maybank Indonesia SBU realises that success in carrying out institutions such as Lingkar Niaga Solusindo (SIRCLO),Sinergi
business activities cannot be separated from the support of all Foundation, Asar Humanity Foundation, Daarut Tauhid
stakeholders. On an ongoing basis, Maybank Indonesia SBU Peduli, Ashabul Jannah Foundation, the National Committee
continues to carry out social functions, both in the form of for Sharia Economics and Finance (KNEKS) and the
direct contributions to community activities and environmental Indonesian Ulema Council's Food, Drug and Cosmetics
development. Assessment Institute (LPPOM MUI) in facilitating halal
certification for food and beverage vendors.
Maybank Indonesia SBU realises this function through the 2. Educational scholarship assistance to the Leadership House
Benevolent Fund Management Unit (UPDK) which is carried out and Baiturrahmah University Padang.
in accordance with the provisions of the Fatwa of the National 3. Quran recitation teacher certification assistance in
Sharia Council of the Indonesian Ulama Council (DSN MUI). The Jabodetabek, West Java, Central Java, and East Java in
role and social function of Islamic Banking can be seen from the collaboration with Rumah Zakat and Dompet Dhuafa.
coordination and cooperation (mutual partnership) of Maybank 3. Assistance in providing 16 units of water purifiers in Java,
Indonesia UUS with Maybank Indonesia and stakeholders in Kalimantan and Sumatra in collaboration with the Sedekah
social programs and community empowerment. Air Foundation and Maxmilo Berkah Indonesia.
4. Assistance for facilities and infrastructure as well as mosque
The benevolent fund distribution program of Maybank Indonesia construction.
SBU itself focuses on five sectors, namely: 5. Assistance for orphans in 19 Maybank Indonesia Sharia
1. Development of Infrastructure, Educational Facilities & Branch Offices and 1 Maybank branch office in collaboration
Places of Worship; with BAZNAS, Nurul Hayat, LAZISMU, Rumah Yatim, etc.
2. Economic Empowerment of the Poor Community 6. Eid al-Adha sacrificial animal assistance in 19 Maybank
3. Education (Development of Outstanding and Poor Human Indonesia Syariah Branch Offices and 1 Maybank branch
Resources) office in collaboration with the National Amil Zakat Agency
4. Compensation/Humanitarian Assistance, and other Social (BAZNAS), LAZISMU, Rumah Yatim, Dompet Sosial Madani,
Activities Nurul Hayat, Sinergi Foundation, among others.
5. Islamic Financial Literacy. 7. Sharia Financial Literacy in several Universities and
Communities
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
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In addition, since 2019, PT Bank Maybank Indonesia has officially become a Zakat Collection Unit (UPZ) of Baznas (referring to the
Decree of the Chairman of the National Amil Zakat Agency Number 56 of 2019). By becoming UPZ, it is expected to support more
transparent and accountable management of zakat funds in accordance with sharia principles and governance. The total distribution of
zakat to Baznas during 2023 amounted to Rp507,765,867.
REPORT OF SOURCES AND DISTRIBUTION OF ZAKAT & WAQF FUNDS SHARIA
BUSINESS UNIT PT BANK MAYBANK INDONESIA
Period: 31 December 2023 and 31 December 2022
(in thousand)
December December
No. Description
2023 2022
A. Source and Distribution of Zakat Funds
1. Reception of zakat funds originating from:
a. SBU Internal 537,291 217,484
b. External of SBU - 4,023
c. Profit Sharing Income 90 23
Total Reception 537,381 221,531
2. Distribution of Zakat Funds to Zakat Management Entities
a. Amil Zakat Institution - -
b. Amil Zakat Agency 507,766 200,297
c. Tax Revenue sharing 18 2
d. Others 275 982
Total dispensing 508,059 201,281
B. Source and Distribution of Waqf Funds
1. Receipt of waqf funds originating from:
a. SBU Internal - -
b. External of SBU - -
Total Reception - -
2. of waqf funds to waqf management entities
a. Indonesian Waqf Agency - -
b. Other Nadzir - -
c. Others - -
Total dispensing - -
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REPORT OF SOURCES AND USE OF VIRTUAL FUNDS PT BANK MAYBANK INDONESIA
SHARIA BUSINESS UNIT
Period: 31 December 2022 dan 31 December 2021
(Dalam jutaan)
Desember Desember
No. Uraian
2023 2022
1. Beginning Balance of the Benevolent Fund (beginning of the year) 4.337 4.776
2. Reception of the Fund of Benevolence
a. Infaq and alms - -
b. Productive Benevolence Fund Refund 1.000 1.000
c. Penalties 4.669 4.623
d. Non-Halal Reception - -
e. Others - -
Total Reception 5.669 5.623
3. Use of Benevolence Funds
a. Fund of Benevolence Virtue - -
b. Donation 4.781 4.807
c. Other Uses for Public Interest 1.058 1.256
Total Uses 5.839 6.063
4. Increase (Decrease) of the Benevolence Fund 170 440
5. Ending Balance of the Benevolence Fund
4.167 4.337
Other Reports
In terms of reporting, Maybank Indonesia SBU has been supported by a reliable management information system and competent human
resources, and has an adequate IT security system hence SBU information is available accurately and on time.
Maybank Indonesia SBU has announced the Quarterly Publication of Financial Statements in accordance with applicable regulations,
which are in Indonesian language newspapers that have a wide circulation, namely:
• The first quarter of 2023 was published on PT Bank Maybank Indonesia Tbk website on 2 May 2023.
• Second Quarter 2023 was published on PT Bank Maybank Indonesia Tbk website on 31 July 2023.
• Third Quarter 2023 was published on PT Bank Maybank Indonesia Tbk website on 31 October 2023.
• - The fourth quarter of 2023 was published on PT Bank Maybank Indonesia Tbk website and Kontan daily on 28 February 2023.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
Page 607
GCG SELF ASSESSMENT RESULTS
Self Assessment of GCG implementation is conducted by the Bank to measure the GCG implementation results by Maybank Indonesia
SBU for 1 (one) year as stipulated by the regulator.
The aspects assessed and the rating results are as follows::
2023
No. Factor Weight Ratings Value
(a) (b) (a) x (b)
1 Implementation of the duties and responsibilities of the SBU Director 35% 1.17 0.41
2 Implementation of the duties and responsibilities of the Sharia
Supervisory Board 20% 1.06 0.21
3 Implementation of Sharia principles in fund raising and distribution
activities as well as services 10% 1.20 0.12
4 Distribution of funds to core financing customers and depositing of funds
by core depositors 10% 1.50 0.15
5 Transparency of financial and non-financial conditions, reports on the
implementation of corporate governance and internal reporting 25% 1.33 0.33
Composite Value 1.22
Composite Rating Very Good
Composite Value Composite Predicate
Composite Value < 1,5 Very Good
1,5 ≤ Composite Value < 2,5 Good
2,5 ≤ Composite Value < 3,5 Fair
3,5 ≤ Composite Value < 4,5 Poor
4,5 ≤ Composite Value ≤ 5 Bad
From the assessment of all GCG implementation factors mentioned above, the composite score and predicate of the implementation
of corporate governance (GCG) by PT Maybank Indonesia Tbk SBU in 2023 are 1.22 (VERY GOOD), according to the assigned composite
rating.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit 605
Page 608
606
GCG REPORT
SHARIAH BUSINESS UNIT
GENERAL CONCLUSION OF GCG WEAKNESSES AND STRENGTHS OF
IMPLEMENTATION BASED ON SELF- GCG IMPLEMENTATION IN GENERAL
ASSESSMENT RESULTS The rapid business development and market expansion as well
Based on the self-assessment method and stages above, as dynamic changes in macroeconomic conditions during the
Maybank SBU GCG implementation conclusion and ratings for period of this GCG report is a challenge in itself, especially so
each factor are as follows: that all levels of Maybank SBU can immediately improve the
implementation of GCG principles from the previous period, so
1. Implementation of the Duties and Responsibilities of the that the bank’s business and operational activities are always
Board of Directors in line with the provisions of applicable laws and regulations.
The SBU Director who is also the President Director of PT However, the dynamics of internal and external can have an
Bank Maybank Indonesia Tbk has high competence and impact on the high risk and magnitude of challenges in the
commitment in the development of Maybank SBU by fully implementation of Maybank SBU GCG. However, the active
implementing the Leveraged Business Model and Shariah commitment of the Board of Directors, Board of Commissioners
First at PT Bank Maybank Indonesia Tbk. and SSB along with all other Maybank SBU stakeholders is an
The SBU Director always carries out his duties and important asset to continue to improve GCG implementation
responsibilities prudently by referring to good corporate from time to time.
governance in accordance with applicable regulations. The
duties & responsibilities of the SBU Director have also been IMPLEMENTATION OF GCG IN THE
outlined in the SGF. PREVIOUS PERIOD
The rating for this factor is 1. In the implementation of GCG Maybank SBU 2022, Maybank
SBU is consistent in maintaining the “EXCELLENT” predicate
2. Implementation of the Duties and Responsibilities of the with a composite score of 1.22 as the composite score for the
Sharia Supervisory Board implementation of GCG Maybank SBU in 2021. This is certainly
The SSB carries out its duties and responsibilities in inseparable from the commitment and consistency for the
accordance with applicable regulations. The duties and implementation of GCG carried out by all levels at Maybank SBU
responsibilities of SSB are set out in the SGF. on an ongoing and sustainable basis in all business activities and
The rating for this factor is 1. bank operations.
3. Implementation of Sharia Principles in Fundraising and FOLLOW-UP AND IMPROVEMENT
Distribution of Funds and Services PLAN
Products launched by Maybank SBU, both collection and The implementation of Good Corporate Governance (GCG)
distribution of funds as well as Sharia services have been cannot be separated from a continuous process to provide the
reviewed by SSB and received SSB opinions and are in same understanding at every level of the organisation. Therefore,
accordance with the Fatwa of DSN-MUI and their activities GCG implementation must be integrated into the corporate
are always supervised by SSB. culture that becomes the soul of all parties in Maybank SBU.
The rating for this factor is 1.
Maybank SBU will consistently improve and develop good
4. Fund Distribution to Core Financing Customers and Fund corporate governance so that it can provide benefits of
Deposits by Core Depositors sustainable growth and optimal returns as expected by all
Maybank SBU has applied the precautionary principle in the Maybank SBU stakeholders through business management
distribution of funds to customers has been carried out in that adheres to GCG principles: Transparency, Accountability,
accordance with applicable regulations. Responsibility, Independence and Fairness.
The rating for this factor is 2.
Thus the Maybank SBU GCG Implementation Report is submitted
5. Transparency of Sharia Business Unit Conditions, GCG for proper use.
Reports and Internal Reports
Maybank SBU has announced the Quarterly Published
Financial Statements and GCG Implementation Report
in accordance with applicable regulations. Maybank SBU
business activities are also reported to OJK and presented
through the Bank’s Annual Report. In addition, SBU has
internal reporting supported by an adequate Management
Information System (SIM) owned by the Bank.
The rating for this factor is 1.
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit
Page 609
Approval Sheet
PT Bank Maybank Indonesia Tbk
DIRECTOR
Taswin Zakaria
President Director/SBU Director
SHARIAH SUPERVISORY BOARD
Dr. H. M. Anwar Ibrahim, MA Dr. H. Abdul Jabar Majid, MA. Mohammad Bagus Teguh Perwira, Lc., MA
Chairman Member Member
PT Bank Maybank Indonesia Tbk 2023 GCG Report Shariah Business Unit 607
Page 610
Corporate Social Responsibility Policy on the Implementation of Social and Environmental 611 Responsibility Implementation of Sustainable Finance as the Foundation 611 for the Implementation of Social and Environmental Responsibility by Maybank Indonesia 2023 Sustainability Achievements 612 Economic, Environment, and Social Performance 612
Page 611
Page 612
610
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Corporate Social
Responsibility
For Maybank Indonesia, business success should
not solely oriented towards profit, but also towards
sustainability and well-being.
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 613
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
POLICY ON THE IMPLEMENTATION IMPLEMENTATION OF SUSTAINABLE
OF SOCIAL AND ENVIRONMENTAL FINANCE AS THE FOUNDATION FOR
RESPONSIBILITY THE IMPLEMENTATION OF SOCIAL AND
As integral members of the community, Maybank Indonesia ENVIRONMENTAL RESPONSIBILITY BY
acknowledges the imperative to contribute to the well-being MAYBANK INDONESIA
of society and the environment. Success in business operations The implementation of Corporate Responsibility (CR) represents
stems not only from financial and operational performance but the Bank's commitment to building harmonious and sustainable
also from social performance, which involves community and relationships with communities, the environment, and
environmental development. Moreover, advancements in social stakeholders both locally and globally, in line with the mission of
and community development have the potential to elevate "Humanising Financial Services". This commitment also serves
the Bank's reputation and cultivate stronger bonds with all as the basis for Maybank Indonesia as a good corporate citizen
stakeholders. in compliance with regulatory laws such as Law No. 40 of 2007
concerning Limited Liability Companies and other provisions
Hence, Maybank Indonesia pledges to enact Corporate related to the implementation of Social and Environmental
Responsibility (CR) initiatives aimed at fostering sustainable Responsibility (TJSL) and CR.
economic growth, mindful of maintaining equilibrium between
social and environmental aspects. This commitment serves as the Sustainability implementation is also realized through
basis for implementing Social and Environmental Responsibility sustainable finance to ensure that financing provided does
activities and building business sustainability. Efforts are aimed not support activities that cause environmental damage,
at achieving economic and social welfare for all members overexploitation of natural resources, and efforts that create
of society, including the protection and management of the social disparities. Maybank Indonesia, as a financial institution,
environment. applies the principles of sustainable finance referring to Law
Number 32 of 2009 concerning Environmental Protection and
Management and POJK No. 51/POJK.03/2017 concerning the
Implementation of Sustainable Finance for Financial Institutions,
Issuers, and Public Companies.
Maybank Indonesia applies sustainable finance to create
economic, social, and environmental value beneficial to
many parties. The implementation of sustainable finance
also encourages the implementation of policies and strategic
management to support sustainable development goals.
Maybank Indonesia's implementation of sustainable finance is
documented in the Sustainability Report published annually,
in accordance with SEOJK No. 16/2021 regarding the Form and
Content of Annual Reports of Issuers or Public Companies and
POJK No. 51/POJK.03/2017 concerning the Implementation of
Sustainable Finance for Financial Institutions, Issuers, and Public
Companies.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 611
Page 614
612
Main Management Company Management Discussion
Highlights Report Profile and Analysis
The following outlines Maybank Indonesia's accomplishments in sustainability performance in 2023.
2023 Sustainability
Achievements
Operating and Economic Performance
Rp 2.4 trillion Rp 1.7 trillion Rp 115.5 trillion Rp 116.0 trillion
Profit before tax Profit After Tax and Minority Customer deposits Total Loans
Interest (PATAMI)
Rp 21.7trillion Rp 17.9 trillion 21.2 % 1,064 suppliers
Total Loans under Sustainable Micro Small Medium Enterprises Percentage of Loans under KKUB Number of local suppliers
Business Activity Category (MSME) loan disbursement to Total Loans
(KKUB)
Environmental Performance
7,500 trees 2,004,590 sheets
Number of trees planted Paper usage reduction
*Includes data from WOM Finance and
Maybank Indonesia Finance
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 615
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Operational and Community Performance
4,758 people *
10,209 people *
Rp 5.4 billion *
Number of female employees Number of employees in 2023 Corporate Responsibility (CR)
Fund
Rp 1.2 trillion 3,325 people
Social loan disbursed to MSME Beneficiaries of R.I.S.E 2.0
owned by approximately 287,500 programme
underprivileged women
*) Include subsidiaries
PT Bank Maybank Indonesia Tbk 2023 Annual Report 613
Page 616
614
Main Management Company Management Discussion
Highlights Report Profile and Analysis
Governance Performance
ZERO Rp 103.2 billion *
8,098 participants
Incidents of Corruption Employee training and Sustainability-related training
development fund realisation
ECONOMIC, ENVIRONMENT, AND SOCIAL PERFORMANCE
Economic Performance (Rp trillion)
Description 2023 2022 2021
Net interest and Shariah income 7,234 6,978 7,117
Profit before Tax 2,355 2,040 2,203
Profit after Tax and Minority Non-Interest 1,743 1,471 1,666
Total loans 116,002 107,815 101,771
Customer deposits 115,503 105,706 114,899
Environmental Performance
Description Unit 2023 2022 2021
Fuel (BBM) Usage GJ 34,309.7 32,975.7 30,026.2
Electricity Consumption GJ 123,561.7 121,437.6 123,656.9
Water Usage Megaliter 117.7 69.7 6.7
Social Performance
Description Unit 2023 2022 2021
Women in Board of Commissioners and Board of Directors
% 10 10 13
position
Women at managerial level % 47 46 55
Women workers compared to total workers % 55 55 55
Number of training hours* Hours 1,005,032 504,878 424,648
Employee education and training costs* Rp billion 103.3 80.4 67.4
Realisation of CR funds *
Rp billion 5.4 4.5 6.3
*) Include subsidiaries
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 617
Functional Good Corporate Corporate Social Consolidated Financial
Review Governance Responsibility Statements
Tenun Tuban
One of the handicrafts from the Sekar Kawung group in the Maybank Women Eco Weavers (MWEW)
program is a typical Tuban weaving with the Tuban Tutul Gringsing motif. The motif on this fabric
consists of several symbols, namely the owal awil image which has a meaning of the importance of
harmony of life in the community and there is also a 4-point image in the middle of a small circle that
illustrates the wisdom of Javanese culture, namely "sedulur papat limo pancer". This philosophy teaches
about the unity of human existence when born to earth and the universal values of brotherhood,
balance, and wisdom to achieve a more meaningful and harmonious life.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 615
Page 618
Page 619
PT Bank Maybank Indonesia Tbk Consolidated Financial Statements 2023
Page 620
Page 621
23 23
Page 622
The original consolidated financial statements included herein are in
the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2023 AS OF DECEMBER 31, 2023
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN
TANGGAL TERSEBUT BESERTA ENDED WITH INDEPENDENT
LAPORAN AUDITOR INDEPENDEN AUDITOR’S REPORT
Daftar Isi Table of Contents
Halaman/Pages
Laporan Auditor Independen Independent Auditor’s Report
Consolidated Statement of
Laporan Posisi Keuangan Konsolidasian …………… 1-5 ……………………. Financial Position
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian ...................... 6-7 …. and Other Comprehensive Income
Consolidated Statement of
Laporan Perubahan Ekuitas Konsolidasian............... 8 ................................Changes in Equity
Consolidated Statement of
Laporan Arus Kas Konsolidasian…………………….. 9-11 …………………………….. Cash Flows
Catatan atas Laporan Keuangan Notes to the Consolidated Financial
Konsolidasian……………………………………… 12-351 ……………………………. Statements
***************************
Page 623
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00073/2.1032/AU.1/07/0703- Report No. 00073/2.1032/AU.1/07/0703-
1/1/II/2024 1/1/II/2024
The Shareholders, the Board of Commissioners
Pemegang Saham, Dewan Komisaris, dan Direksi and Board of Directors
PT Bank Maybank Indonesia Tbk. PT Bank Maybank Indonesia Tbk.
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Bank Maybank Indonesia Tbk. financial statements of PT Bank Maybank Indonesia
(“Bank”) dan entitas anaknya (secara kolektif Tbk. (the “Bank”) and its subsidiaries (collectively
disebut sebagai “Grup”) terlampir, yang terdiri referred to as the “Group”), which comprise the
dari laporan posisi keuangan konsolidasian consolidated statement of financial position as of
tanggal 31 Desember 2023, serta laporan laba December 31, 2023, and the consolidated
rugi dan penghasilan komprehensif lain statement of profit or loss and other
konsolidasian, laporan perubahan ekuitas comprehensive income, consolidated statement of
konsolidasian, dan laporan arus kas konsolidasian changes in equity, and consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut, cash flows for the year then ended, and notes to
serta catatan atas laporan keuangan the consolidated financial statements, including
konsolidasian, termasuk informasi kebijakan material accounting policy information.
akuntansi material.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar, financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan respects, the consolidated financial position of the
konsolidasian Grup tanggal 31 Desember 2023, Group as of December 31, 2023, and its
serta kinerja keuangan dan arus kas consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.
i
Page 624
Page 625
Page 626
Page 627
Page 628
Page 629
Page 630
Page 631
Page 632
Page 633
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
ASET ASSETS
Kas 2a,2c,2d,4 1.570.030 1.524.955 Cash
2a,2c,2d,2e, Current accounts with
Giro pada Bank Indonesia 2f,5 8.152.106 9.654.266 Bank Indonesia
2a,2c,2d, Current accounts with other
Giro pada bank lain 2f,2o,6 banks
Pihak berelasi 2ae,44 96.818 57.932 Related parties
Pihak ketiga 2.097.274 1.973.389 Third parties
2.194.092 2.031.321
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1.810) (1.537) impairment losses
Current accounts with other
Giro pada bank lain - neto 2.192.282 2.029.784 banks - net
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 2c,2d,2g,2o,7 2.496.502 2.529.355 and other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (2.016) (3.000) impairment losses
Penempatan pada Bank Placement with Bank Indonesia
Indonesia dan bank lain - neto 2.494.486 2.526.355 and other banks - net
Efek-efek yang diperdagangkan 2c,2d,2h,8 1.297.687 479.836 Trading securities
2b,2c,2d,
Investasi keuangan 2i,2o,9 Financial investments
Pihak berelasi 2ae,44 159.504 159.504 Related parties
Pihak ketiga 30.592.470 28.440.183 Third parties
30.751.974 28.599.687
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (397) (4.391) impairment losses
Investasi keuangan - neto 30.751.577 28.595.296 Financial investments - net
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2d,2j,2o,10 2.338.176 1.609.249 resale agreement
Dikurangi: Pendapatan bunga
yang belum diamortisasi (5.054) (70.957) Less: Unamortized interest
2.333.122 1.538.292
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (50) (1.076) impairment losses
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali - neto 2.333.072 1.537.216 resale agreement - net
Tagihan derivatif 2c,2d,2k,11 Derivatives receivable
Pihak berelasi 2ae,44 273.660 168.248 Related parties
Pihak ketiga 707.331 507.533 Third parties
980.991 675.781
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
1 PT Bank Maybank Indonesia Tbk 2023 Annual Report 631
Page 634
632
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
ASET (lanjutan) ASSETS (continued)
Kredit yang diberikan dan 2c,2d Loans and Sharia
piutang/pembiayaan Syariah 2l,2o,12 receivables/financing
Pihak berelasi 2ae,44 251.301 108.545 Related parties
Pihak ketiga 107.804.976 99.830.098 Third parties
108.056.277 99.938.643
Dikurangi: Less:
Cadangan kerugian Allowance for
penurunan nilai (3.376.813) (3.235.997) impairment losses
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - neto 104.679.464 96.702.646 receivables/financing - net
Piutang pembiayaan konsumen 2d,2n,2o,13 10.206.593 10.059.912 Consumer financing receivables
Dikurangi: Less:
Pendapatan pembiayaan Unearned consumer
konsumen yang belum diakui (2.260.864) (2.183.468) financing receivables
7.945.729 7.876.444
Cadangan kerugian Allowance for impairment
penurunan nilai (145.288) (122.471) losses
Piutang pembiayaan Consumer financing
konsumen - neto 7.800.441 7.753.973 receivables - net
Tagihan akseptasi 2c,2d,2m,2o,14 Acceptances receivable
Pihak berelasi 2ae,44 - 735 Related parties
Pihak ketiga 786.695 1.276.546 Third parties
786.695 1.277.281
Dikurangi: Less:
Cadangan kerugian penurunan Allowance
nilai (1.065) (14.441) for impairment losses
Tagihan akseptasi - neto 785.630 1.262.840 Acceptances receivables - net
Aset pajak tangguhan 2aa,24c 690.557 614.711 Deferred tax assets
Aset tetap dan aset hak-guna 2p,15a,15b 6.305.171 6.184.420 Fixed assets and right-of-use assets
Dikurangi: Akumulasi penyusutan (2.476.947) (2.740.364) Less: Accumulated depreciation
Aset tetap dan aset hak-guna Fixed assets and right-of-use
- neto 3.828.224 3.444.056 assets - net
Aset tidak berwujud - neto 2b,2c,2q,16 363.624 222.325 Intangible assets - net
Beban dibayar dimuka dan 2c,2d,2o,2r, Prepayments and
aset lain-lain 2s,2y,17 other assets
Pihak berelasi 2ae,44 28.658 34.080 Related parties
Pihak ketiga 4.106.618 3.968.774 Third parties
4.135.276 4.002.854
Dikurangi: Less:
Cadangan kerugian Allowance for impairment
penurunan nilai (85.115) (73.525) losses
Cadangan kerugian (167.262) (139.451) Allowance for possible losses
Beban dibayar dimuka dan Prepayments and
aset lain-lain - neto 3.882.899 3.789.878 other assets - net
JUMLAH ASET 49b 171.803.070 160.813.918 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 2
Page 635
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 2c,2d,2t,18 Obligations due immediately
Pihak berelasi 2ae,44 1.775 6.395 Related parties
Pihak ketiga 1.074.823 1.157.054 Third parties
1.076.598 1.163.449
Simpanan nasabah 2c,2d,2u,19 Deposits from customers
Pihak berelasi 2ae,44 407.559 448.346 Related parties
Pihak ketiga 115.094.949 105.257.956 Third parties
115.502.508 105.706.302
Simpanan dari bank lain 2c,2d,2v,20 Deposits from other banks
Pihak berelasi 2ae,44 1.439.158 1.021.657 Related parties
Pihak ketiga 3.343.738 2.144.036 Third parties
4.782.896 3.165.693
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali 2c,2d,2j,21 2.024.149 111.926 agreements
Dikurangi: Beban bunga yang Less: Unamortized
belum diamortisasi (7.086) (21) interest
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali - neto 2.017.063 111.905 agreements - net
Liabilitas derivatif 2c,2d,2k,11 Derivatives payable
Pihak berelasi 2ae,44 252.713 196.534 Related parties
Pihak ketiga 710.428 535.193 Third parties
963.141 731.727
Liabilitas akseptasi 2c,2d,2m,14 Acceptances payable
Pihak berelasi 2ae,44 517 21.635 Related parties
Pihak ketiga 511.522 823.724 Third parties
512.039 845.359
Surat berharga yang diterbitkan 2d,2w,22 Securities issued
Pihak berelasi 2ae,44 76.409 98.799 Related parties
Pihak ketiga 4.145.772 4.953.619 Third parties
4.222.181 5.052.418
Pinjaman diterima 2c,2d,2x,23 7.744.928 9.949.742 Borrowings
Utang pajak 2c,2aa,24a 395.225 422.139 Taxes payable
Beban yang masih harus dibayar 2c,2d,2y, Accrued expenses
dan liabilitas lain-lain 2ac,25 and other liabilities
Pihak berelasi 2ae,44 1.651 65.569 Related parties
Pihak ketiga 3.689.355 3.265.958 Third parties
3.691.006 3.331.527
Pinjaman dan obligasi subordinasi 2d,2w,26 Subordinated loan and bonds
Pihak berelasi 2ae,44 99.451 469.828 Related parties
Pihak ketiga - 329.879 Third parties
99.451 799.707
JUMLAH LIABILITAS 49b 141.007.036 131.279.968 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
3 PT Bank Maybank Indonesia Tbk 2023 Annual Report 633
Page 636
634
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS EQUITY
Ekuitas teratribusi kepada Equity attributable to equity
pemilik entitas induk holders of the parent company
Modal Saham Share Capital
Modal Dasar - Authorized Capital -
476.608.857.231 saham 476,608,857,231 shares,
terdiri dari: consisting of:
388.146.231 saham 388,146,231 Series A
Seri A dengan nilai shares with a par value of
nominal Rp900 Rp900 (full amount)
(nilai penuh) per saham; per share;
8.891.200.000 saham 8,891,200,000 Series B
Seri B dengan nilai shares with a par value
nominal Rp225 of Rp225 (full amount)
(nilai penuh) per saham; dan per share; and
467.329.511.000 saham 467,329,511,000
Seri D dengan nilai Series D shares with a
nominal Rp22,50 par value of Rp22.50
(nilai penuh) per saham (full amount) per share
Modal ditempatkan dan
disetor penuh Issued and paid-up capital
388.146.231 saham Seri A, 388,146,231 Series A shares,
8.891.200.000 saham Seri B 8,891,200,000 Series B shares
dan 66.935.849.590 saham and 66,935,849,590 Series D
Seri D 27 3.855.908 3.855.908 shares
Tambahan modal disetor 28 6.357.376 6.357.376 Additional paid-in capital
Selisih kurs karena penjabaran Differences arising from
laporan keuangan dalam the translation of foreign
mata uang asing 2c,31 42.142 40.657 currency financial statements
Selisih transaksi antara Differences in transaction between
pemegang saham entitas anak 1b (57.313) (57.313) shareholders of a subsidiary
Fixed assets revaluation
Surplus revaluasi aset tetap 2p,15 1.979.935 1.980.314 surplus
Kerugian yang belum Unrealized losses on
direalisasi atas perubahan changes in fair value
nilai wajar investasi keuangan yang of fair value through other
diukur pada nilai wajar melalui comprehensive income
pendapatan komprehensif lain - setelah financial investments - net
pajak tangguhan dan cadangan of deferred tax and expected
atas kerugian kredit ekspektasian 2i,9 (166.273) (165.794) credit loss allowances
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 4
Page 637
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS (lanjutan) EQUITY (continued)
Equity attributable to equity
Ekuitas teratribusi kepada holders of the parent company
pemilik entitas induk (lanjutan) (continued)
Keuntungan aktuarial atas program Actuarial gains on defined
manfaat pasti - setelah benefit plan - net
pajak tangguhan 2ac,47 351.098 301.375 of deferred tax
Cadangan umum 30 771.182 771.182 General reserve
Saldo laba 27b,29 17.124.265 15.969.288 Retained earnings
Jumlah ekuitas teratribusi kepada Total equity attributable to equity
pemilik entitas induk 30.258.320 29.052.993 holders of the parent company
Kepentingan non-pengendali 46 537.714 480.957 Non-controlling interest
JUMLAH EKUITAS 30.796.034 29.533.950 TOTAL EQUITY
JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 171.803.070 160.813.918 EQUITY
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
5 PT Bank Maybank Indonesia Tbk 2023 Annual Report 635
Page 638
636
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN LOSS AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Years Ended December 31
Catatan/
Notes 2023 2022
PENDAPATAN DAN OPERATING INCOME AND
BEBAN OPERASIONAL EXPENSES
Pendapatan dan beban bunga Interest and Sharia income
dan Syariah and expenses
Pendapatan bunga dan Syariah Interest and Sharia income
Pendapatan bunga 9.401.319 8.310.358 Interest income
Pendapatan Syariah 2.482.572 2.090.096 Sharia income
2y,33 11.883.891 10.400.454
Beban bunga dan Syariah Interest and Sharia expense
Beban bunga 3.465.767 2.690.982 Interest expense
Beban Syariah 1.184.501 731.622 Sharia expense
2y,34 4.650.268 3.422.604
Pendapatan bunga dan Syariah neto 7.233.623 6.977.850 Net interest and Sharia income
Pendapatan/(beban) operasional lainnya Other operating income/(expenses)
Pendapatan operasional lainnya: Other operating income:
Provisi dan komisi selain dari Fees and commissions
kredit yang diberikan 2z 393.334 343.444 other than from loans
Keuntungan penjualan efek-efek gains on sale of trading
yang diperdagangkan dan securities and financial
investasi keuangan - neto 2h,2i,35 183.566 55.439 investment - net
Kenaikan nilai efek - Increase in value
efek yang diperdagangkan - neto 2h,36 3.603 1.750 of trading securities - net
Pendapatan lainnya 37 1.460.065 1.281.203 Other fee income
Jumlah pendapatan Total other operating
operasional lainnya 2.040.568 1.681.836 income
Beban operasional lainnya: Other operating expenses:
Kerugian/(keuntungan) Losses/(gains)
transaksi mata uang on foreign exchange
asing - neto 2c 5.943 (78.442) transactions - net
Penyisihan kerugian Provision for impairment
penurunan nilai atas losses on financial
instrumen keuangan - neto 2o,38 1.062.714 1.234.215 instruments - net
Penyisihan kerugian atas Provision for possible losses
aset non-produktif 2o,2r,39 52.346 32.005 on non-earning assets
Umum dan administrasi 40 2.805.233 2.662.020 General and administrative
Tenaga kerja 41,47 3.000.067 2.753.694 Personnel
Jumlah beban operasional Total other operating
lainnya 6.926.303 6.603.492 expenses
Beban operasional lainnya - neto (4.885.735) (4.921.656) Other operating expenses - net
PENDAPATAN OPERASIONAL -
NETO 2.347.888 2.056.194 OPERATING INCOME - NET
PENDAPATAN/(BEBAN) NON-OPERATING INCOME/
NON-OPERASIONAL - NETO 42 6.786 (15.968) (EXPENSE) - NET
LABA SEBELUM INCOME BEFORE
BEBAN PAJAK 2.354.674 2.040.226 TAX EXPENSE
BEBAN PAJAK - NETO 2aa,24b (536.924) (507.015) TAX EXPENSE - NET
LABA TAHUN BERJALAN 49b 1.817.750 1.533.211 INCOME FOR THE YEAR
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 6
Page 639
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) LOSS AND OTHER COMPREHENSIVE
Untuk Tahun yang Berakhir pada Tanggal INCOME (continued)
31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Years Ended December 31
Catatan/
Notes 2023 2022
Pendapatan komprehensif lainnya: Other comprehensive income:
Pos-pos yang tidak akan Items that will not be reclassified
direklasifikasi ke laba rugi: subsequently to profit or loss:
Keuntungan aktuarial atas program Actuarial gains on defined
manfaat pasti 47b 65.225 105.037 benefit plan
Kerugian revaluasi Losses on fixed assets
aset tetap 15 (379) (19.043) revaluations
Pajak penghasilan terkait dengan Income tax relating to
komponen pendapatan components of other
komprehensif lainnya 24c (14.349) (23.107) comprehensive income
50.497 62.887
Pos-pos yang akan direklasifikasi Items that may be reclassified
ke laba rugi: subsequently to profit or loss:
Differences arising from the
Selisih kurs penjabaran laporan translation of foreign currency
keuangan dalam mata uang asing 1.485 1.846 financial statements
Fair value changes of financial
Perubahan nilai wajar investasi keuangan investments measured at fair
yang diukur pada nilai wajar melalui value through other
pendapatan komprehensif lain 1.068 (620.602) comprehensive income
Pajak penghasilan terkait dengan Income tax relating to
komponen pendapatan components of other
komprehensif lainnya 24c (1.547) 174.131 comprehensive income
1.006 (444.625)
Laba/(rugi) komprehensif lainnya - Other comprehensive
Setelah pajak 51.503 (381.738) gains/(losses) - net of tax
Jumlah laba komprehensif Total comprehensive
selama tahun berjalan 1.869.253 1.151.473 income for the year
Laba tahun berjalan yang Income for the year
dapat diatribusikan kepada: attributable to:
Equity holders of the
Pemilik entitas induk 43 1.743.406 1.471.070 parent entity
Kepentingan non-pengendali 46 74.344 62.141 Non-controlling interest
1.817.750 1.533.211
Jumlah laba komprehensif selama Total comprehensive
tahun berjalan yang dapat income for the year
diatribusikan kepada: attributable to:
Equity holders of the
Pemilik entitas induk 1.793.756 1.087.722 parent entity
Kepentingan non-pengendali 75.497 63.751 Non-controlling interest
1.869.253 1.151.473
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 2ab,43 22,87 19,30 (full amount)
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
7 PT Bank Maybank Indonesia Tbk 2023 Annual Report 637
Page 640
The original consolidated financial statements included herein are in the Indonesian language.
638
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Dapat diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent entity
________________________________________________________
Keuntungan/
(kerugian)
yang belum
direalisasi atas
perubahan nilai
wajar investasi
keuangan yang
diukur pada nilai
wajar melalui
pendapatan
komprehensif
lain - setelah pajak
tangguhan dan
cadangan atas
kerugian kredit
ekspektasian/
Selisih kurs Unrealized gains/
karena penjabaran (losses)/ on changes
laporan keuangan in fair value of
dalam mata Selisih transaksi fair value Keuntungan
uang asing/ antara pemegang through other aktuarial atas
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Differences saham Surplus comprehensive program manfaat
arising from entitas anak/ revaluasi income financial pasti-setelah
the translation of Differences in aset tetap/ investment - net pajak tangguhan/ Kepentingan
Tambahan modal foreign currency transaction between Fixed assets of deferred tax Actuarial gains on non-pengendali/
Catatan/ Modal saham/ disetor/Additional financial shareholders revaluation and expected defined benefit plan Cadangan umum/ Saldo laba/ Non-controlling
Notes Share capital paid-in capital statements of a subsidiary surplus credit allowances net of deferred tax General reserve Retained earnings Jumlah/Total interest Jumlah/Total
Saldo 31 Desember 2021 3.855.908 6.357.376 38.811 (57.313 ) 1.999.357 280.677 221.055 771.182 14.991.709 28.458.762 427.677 28.886.439 Balance as of December 31, 2021
Kenaikan atas selisih kurs karena Increase in foreign exchange difference arising from the
penjabaran laporan keuangan cabang translation of overseas branches' foreign
luar negeri dalam mata uang asing 2c - - 1.846 - - - - - - 1.846 - 1.846 currency financial statements
Kerugian revaluasi aset tetap - - - - (19.043 ) - - - - (19.043 ) - (19.043 ) Losses on fixed assets revaluations
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui other comprehensive income
pendapatan komprehensif lain - setelah financial investment - net
pajak tangguhan dan cadangan atas of deferred tax and expected
kerugian kredit ekspektasian 2i - - - - - (446.471 ) - - - (446.471 ) - (446.471 ) credit allowances
Keuntungan aktuarial atas program Actuarial gains on defined benefit plan - net of
manfaat pasti - setelah pajak tangguhan - - - - - - 80.320 - - 80.320 1.610 81.930 deferred tax
Pembagian dividen tunai 29 - - - - - - - - (493.491 ) (493.491 ) (10.471 ) (503.962 ) Distribution of cash dividend
Laba tahun berjalan 46 - - - - - - - - 1.471.070 1.471.070 62.141 1.533.211 Income for the year
Saldo 31 Desember 2022 3.855.908 6.357.376 40.657 (57.313 ) 1.980.314 (165.794 ) 301.375 771.182 15.969.288 29.052.993 480.957 29.533.950 Balance as of December 31, 2022
Kenaikan atas selisih kurs karena Increase in foreign exchange difference arising from the
penjabaran laporan keuangan cabang translation of overseas branches' foreign
luar negeri dalam mata uang asing 2c - - 1.485 - - - - - - 1.485 - 1.485 currency financial statements
Kerugian revaluasi aset tetap - - - - (379) - - - - (379) - (379) Losses on fixed assets revaluations
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui other comprehensive income
pendapatan komprehensif lain - setelah financial investment - net
pajak tangguhan dan cadangan atas of deferred tax and expected
kerugian kredit ekspektasian 2i - - - - - (479) - - - (479) - (479) credit allowances
Keuntungan aktuarial atas program Actuarial gains on defined benefit plan - net of
manfaat pasti - setelah pajak tangguhan - - - - - - 49.723 - - 49.723 1.153 50.876 deferred tax
Pembagian dividen tunai 29 - - - - - - - - (588.429) (588.429) (18.740) (607.169) Distribution of cash dividend
Laba tahun berjalan 46 - - - - - - - - 1.743.406 1.743.406 74.344 1.817.750 Income for the year
Saldo 31 Desember 2023 3.855.908 6.357.376 42.142 (57.313) 1.979.935 (166.273) 351.098 771.182 17.124.265 30.258.320 537.714 30.796.034 Balance as of December 31, 2023
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara The accompanying notes to the consolidated financial statements form an integral part of these
keseluruhan. consolidated financial statements taken as a whole.
8
Page 641
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Years Ended December 31
Catatan/
Notes 2023 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga Proceeds from interest and
dan Syariah 11.865.799 10.529.430 Sharia income
Pembayaran beban bunga dan Payment of interest and
Syariah (4.643.367) (3.141.675) Sharia expense
Beban umum dan administrasi General and administrative
yang dibayar (2.219.888) (2.305.590) expenses paid
Tenaga kerja dan tunjangan
yang dibayar (3.142.859) (2.886.079) Personnel expenses paid
Pendapatan operasional lainnya Other operating income
yang diterima 1.909.525 1.149.310 received
Pembayaran pajak penghasilan badan (671.971) (454.965) Corporate income tax paid
Penerimaan/(pembayaran) Income received/(expenses paid)
pendapatan/(beban) for non-operating
non-operasional - neto 4.348 (16.355) income/(expenses) - net
Cash flows from operating
Arus kas dari aktivitas operasi activities before changes
sebelum perubahan aset in operating assets and
dan liabilitas operasi 3.101.587 2.874.076 liabilities
(Kenaikan)/penurunan aset (Increase)/decrease in
operasi: operating assets:
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - 15.000 and other bank
Efek-efek yang diperdagangkan (814.248) 1.419.358 Trading securities
Tagihan atas wesel ekspor 606.129 (185.129) Receivables from export bills
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah (8.912.750) (7.101.012) receivables/financing
Piutang pembiayaan Consumer financing
konsumen (257.787) (72.673) receivables
Beban dibayar dimuka dan Prepayments and other
aset lain-lain (30.308) 980.266 assets
(Penurunan)/kenaikan (Decrease)/increase in
liabilitas operasi: operating liabilities:
Liabilitas segera (86.851) 353.450 Obligations due immediately
Simpanan dari nasabah Deposits from customers
dan bank lain 11.413.409 (11.189.143) and other banks
Liabilitas lain-lain 243.872 198.161 Other liabilities
Kas neto diperoleh dari/ Net cash provided by/
(digunakan untuk) (used in)
aktivitas operasi 5.263.053 (12.707.646) operating activities
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
9 PT Bank Maybank Indonesia Tbk 2023 Annual Report 639
Page 642
640
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT
Untuk Tahun yang Berakhir pada Tanggal OF CASH FLOWS (continued)
31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Years Ended December 31
Catatan/
Notes 2023 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penerimaan dari penjualan aset tetap 15 11.308 5.039 Proceeds from sale of fixed assets
Penambahan nilai aset hak-guna (72.209) (24.381) Addition in right-of-use assets
Pembelian aset tidak berwujud 16 (180.294) (105.502) Acquisition of intangible assets
Pembelian aset tetap 15 (415.682) (267.533) Acquisition of fixed assets
(Purchase)/sale of securities
(Pembelian)/penjualan efek-efek yang purchased under resale
dibeli dengan janji dijual kembali (794.830) 2.000.044 agreements
(Pembelian)/penjualan efek-efek (Purchase)/sale of
yang diukur pada nilai wajar marketable securities
melalui pendapatan measured at fair value through
komprehensif lain (2.576.358) 293.044 other comprehensive income
Kas neto (digunakan untuk)/
diperoleh dari Net cash (used in)/provided by
aktivitas investasi (4.028.065) 1.900.711 investing activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penjualan/(pembelian) efek-efek Sale/(purchase) of securities
yang dijual dengan sold under repurchased
janji dibeli kembali 58 1.905.158 (162.144) agreements
Penerimaan dari surat Proceeds from securities
berharga yang diterbitkan 58 1.000.000 2.600.000 issued
Penerimaan dari long term Proceeds from subordinated
notes subordinasi 58 100.000 - long term notes
Kenaikan kepentingan Increase in non-
non-pengendali 56.757 53.280 controlling interest
Pembayaran dividen Dividend payment
kepada entitas non-pengendali (18.612) (10.471) to non-controlling interest
Pembayaran liabilitas sewa 58 (200.340) (214.227) Payment of lease liabilities
Pembayaran dividen (588.361) (493.435) Dividend payment
Repayment of subordinated
Pelunasan obligasi subordinasi 58 (800.000) - bonds
Pelunasan surat berharga Repayment of
yang diterbitkan 58 (1.760.300) (2.911.200) securities issued
(Pembayaran)/penerimaan dari (Repayment)/proceeds from
pinjaman diterima 58 (2.204.814) 3.032.433 borrowings
Kas neto (digunakan untuk)/
diperoleh dari Net cash (used in)/provided by
aktivitas pendanaan (2.510.512) 1.894.236 financing activities
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 10
Page 643
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Years Ended December 31
Catatan/
Notes 2023 2022
NET DECREASE
PENURUNAN NETO IN CASH AND CASH
KAS DAN SETARA KAS (1.275.524) (8.912.699) EQUIVALENTS
CASH AND CASH
KAS DAN SETARA KAS EQUIVALENTS AT
AWAL TAHUN 15.739.897 24.252.776 BEGINNING OF YEAR
Pengaruh perubahan kurs Effect of foreign currency
mata uang asing (51.643) 399.820 exchange rate changes
CASH AND CASH
KAS DAN SETARA KAS EQUIVALENTS AT
AKHIR TAHUN 14.412.730 15.739.897 END OF YEAR
PENGUNGKAPAN TAMBAHAN SUPPLEMENTARY DISCLOSURES
Cash and cash equivalents
Kas dan setara kas terdiri dari: consist of:
Kas 4 1.570.030 1.524.955 Cash
Current accounts with
Giro pada Bank Indonesia 5 8.152.106 9.654.266 Bank Indonesia
Current accounts with other
Giro pada bank lain 6 2.194.092 2.031.321 banks
Penempatan pada Placements with Bank
Bank Indonesia dan Indonesia and other
bank lain yang jatuh banks that will mature
tempo dalam 3 bulan within 3 months from
dari tanggal akuisisi 7 2.496.502 2.529.355 the date of acquisition
Jumlah kas dan setara kas 14.412.730 15.739.897 Total cash and cash equivalents
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
11 PT Bank Maybank Indonesia Tbk 2023 Annual Report 641
Page 644
642
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM 1. GENERAL
a. Pendirian a. Establishment
PT Bank Maybank Indonesia Tbk PT Bank Maybank Indonesia Tbk
(“Bank”) adalah perusahaan terbatas yang (the “Bank”) is a limited liability company
didirikan di Republik Indonesia pada tahun established in the Republic of Indonesia in 1959
1959, berdasarkan akta No. 53 tanggal 15 Mei by virtue of notarial deed No. 53 dated May 15,
1959 dari notaris pengganti Soeleman 1959 of substitute notary Soeleman
Ardjasasmita, S.H. Akta telah diubah dengan Ardjasasmita, S.H. The deed was subsequently
akta No. 9 tanggal 4 Agustus 1959 dan No. 21 amended by notarial deeds No. 9 dated
tanggal 6 Oktober 1959 dari notaris August 4, 1959 and No. 21 dated October 6,
Eliza Pondaag, S.H. di Jakarta. Akta pendirian 1959 of Notary Eliza Pondaag, S.H., in Jakarta.
ini telah mendapat pengesahan dari Menteri The deed of establishment was approved by
Kehakiman Republik Indonesia melalui Surat the Minister of Justice of the Republic of
Keputusannya No. J.A.5/112/18 tanggal Indonesia in his Decision Letter
2 November 1959 dan telah didaftarkan ke No. J.A.5/112/18 dated November 2, 1959 and
Kantor Pengadilan Negeri Jakarta dengan was registered in the Jakarta Court of Justice
No. 2116 tanggal 5 November 1959. Bank under registration No. 2116 dated November 5,
mulai beroperasi secara komersial sejak 1959. Bank commenced its commercial
13 Oktober 1959, sesuai dengan izin untuk operations since October 13, 1959, according
melakukan usaha Bank umum dari Menteri to the license as commercial bank obtained
Keuangan Republik Indonesia from the Minister of Finance of the Republic
No. 138412/U.M.II tanggal 13 Oktober 1959, Indonesia No. 138412/U.M.II dated October 13,
serta diumumkan dalam Berita Negara 1959, then also stated in the State Gazette No.
Republik Indonesia No. 37 tanggal 6 Mei 1960 37 amendment No. 122 dated May 6,1960.
Tambahan No. 122.
Pada tanggal 31 Maret 1980 Bank melakukan On March 31, 1980, the Bank merged with
penggabungan usaha (merger) dengan PT Bank Tabungan Untuk Umum 1859,
PT Bank Tabungan Untuk Umum 1859, Surabaya by virtue of notarial deed No. 17
Surabaya. Keputusan merger ini dituangkan dated March 31, 1980 by Notary Arianny
dalam akta notaris Arianny Lamoen Redjo, Lamoen Redjo, S.H.
S.H. No. 17 tanggal 31 Maret 1980.
Sesuai dengan Surat Keputusan Direksi Bank In accordance to Directors of Bank Indonesia
Indonesia No. 21/11/Dir/UPPS tanggal Decree No. 21/11/Dir/UPPS dated
9 November 1988, Bank memperoleh November 9, 1988, the Bank obtained an
peningkatan status menjadi Bank Devisa. Pada approval to upgrade its status to a Foreign
tanggal 5 September 2002, dengan akta No. 16 Exchange Bank. On September 5, 2002, by
dari Notaris Fathiah Helmi, S.H. yang telah virtue of notarial deed No. 16 of Notary Fathiah
mendapat persetujuan Menteri Hukum dan Hak Helmi, S.H., and approval by the Minister of
Asasi Manusia Republik Indonesia Justice and Human Rights of the Republic
melalui Surat Keputusannya of Indonesia in his Decision Letter
No. C-19589.HT.01.04.TH.2002 tanggal No. C-19589.HT.01.04.TH.2002 dated
10 Oktober 2002, Bank menambah aktivitas October 10, 2002, the Bank added banking
perbankan Syariah (Unit Usaha Syariah) dalam activities based on Sharia principles (Sharia
aktivitas komersial Bank. Bank mulai Business Unit) in its commercial activities. The
melakukan kegiatan berdasarkan prinsip Bank commenced its Sharia banking activities
Syariah tersebut sejak bulan Mei 2003. since May 2003.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 12
Page 645
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tahun 2008, Anggaran Dasar Bank telah In 2008, the Bank’s Articles of Association have
mengalami dua kali perubahan. Perubahan been amended twice. The first amendment
pertama dalam rangka penyesuaian dengan was to accommodate the Law
Undang-undang No. 40 Tahun 2007 tentang No. 40 Year 2007 regarding Limited Liability
Perseroan Terbatas dan peraturan Company and its implementation regulations.
pelaksanaannya. Perubahan ini This amendment was notarized by notary
didokumentasikan dalam akta No. 10 dari Engawati Gazali, S.H., in notarial deed No. 10
notaris Engawati Gazali, S.H., tanggal dated July 16, 2008 and was approved by the
16 Juli 2008 dan telah disetujui oleh Menteri Minister of Laws and Human Rights of the
Hukum dan Hak Asasi Manusia Republic of Indonesia through letter
Republik Indonesia melalui Surat No. AHU-56218.AH.01.02.Year.2008 dated
No. AHU-56218.AH.01.02.Tahun.2008 tanggal August 28, 2008, then also stated in the state of
28 Agustus 2008, serta diumumkan dalam Gazette No. 2 amendment No. 527 dated
Berita Negara Republik Indonesia No. 2 tanggal January 6, 2009.
6 Januari 2009 Tambahan No. 527.
Pada tanggal 1 Desember 2008, Bank On December 1, 2008, the Bank held a
menyelenggarakan Rapat Umum Pemegang Shareholders’ Extraordinary General Meeting
Saham Luar Biasa yang menyetujui untuk whereby the shareholders agreed to amend the
mengubah pasal 4 ayat 1 dan pasal 4 ayat 2 Articles of Association article 4(1) and 4(2)
Anggaran Dasar Perseroan sehubungan relating to authorized capital and issued and
dengan modal dan modal dasar yang telah paid-up capital. The decision was notarized by
ditempatkan dan disetor penuh. Keputusan ini notary Ny. Poerbaningsih Adi Warsito, S.H., in
didokumentasikan dalam surat her letter No. 600/ZXI02/XII/2008 dated
No. 600/ZXI02/ XII/2008 notaris December 1, 2008 and was approved by the
Ny. Poerbaningsih Adi Warsito, S.H., tanggal Minister of Laws and Human Rights of
1 Desember 2008 dan telah disetujui oleh the Republic of Indonesia through
Menteri Hukum dan Hak Asasi Manusia letter No. AHU-0008676.AH.01.09.Year 2009
Republik Indonesia melalui Surat dated March 12, 2009.
No. AHU-0008676.AH.01.09.Tahun 2009
tanggal 12 Maret 2009.
Pada tanggal 7 April 2009, Bank On April 7, 2009, the Bank held a Shareholders’
menyelenggarakan Rapat Umum Pemegang Extraordinary General Meeting whereby the
Saham Luar Biasa yang menyetujui untuk shareholders agreed to amend the Articles of
mengubah Anggaran Dasar Perseroan Association relating to conversion of Series C
sehubungan dengan pengkonversian saham shares to Series B shares and to amend certain
Seri C ke saham Seri B serta mengubah articles in the Articles of Association to comply
beberapa pasal Anggaran Dasar untuk with the Capital Market Supervisory Board
disesuaikan dengan Peraturan Badan Regulation No. IX.J.1 dated May 14, 2008. This
Pengawas Pasar Modal No. IX.J.1 tanggal amendment was notarized by notary Engawati
14 Mei 2008. Perubahan ini didokumentasikan Gazali, S.H., in notarial deed No. 6 dated
dalam akta No. 6 dari notaris Engawati Gazali, April 7, 2009 and was approved by the Minister
S.H., tanggal 7 April 2009 dan telah disetujui of Laws and Human Rights of the
oleh Menteri Hukum dan Hak Asasi Republic of Indonesia through letter
Manusia Republik Indonesia melalui Surat No. AHU-AH.01.10-05099 dated May 1, 2009.
No. AHU-AH.01.10-05099 tanggal 1 Mei 2009.
13 PT Bank Maybank Indonesia Tbk 2023 Annual Report 643
Page 646
644
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Melalui Rapat Umum Pemegang Saham Luar Through the Shareholders’ Extraordinary
Biasa tanggal 24 Agustus 2015, telah disetujui General Meeting on August 24, 2015, the
perubahan nama Bank dari “PT Bank change of the Bank’s name from “PT Bank
Internasional Indonesia Tbk” menjadi “PT Bank Internasional Indonesia Tbk” to become
Maybank Indonesia Tbk”. Perubahan nama “PT Bank Maybank Indonesia Tbk” has been
Bank ini telah mendapat persetujuan dari approved. The changes of Bank’s name had
Menteri Hukum dan Hak Asasi Manusia been approved by Minister of Justice and
Republik Indonesia melalui Keputusan Menteri Human Rights through Minister of Justice and
Hukum dan Hak Asasi Manusia Republik Human Rights Decision No. AHU-
Indonesia No. AHU-0941203.AH.01.02 Tahun 0941203.AH.01.02 Year 2015 dated August 26,
2015 tanggal 26 Agustus 2015 tentang 2015 on The Approval of The Company’s
Persetujuan Perubahan Anggaran Dasar Articles of Association Change and from OJK
Perseroan dan dari Otoritas Jasa Keuangan through The Board of Commissioner Decision
(OJK) melalui Keputusan Dewan Komisioner No. 18/KDK.03/2015 dated September 23,
Otoritas Jasa Keuangan No. 18/KDK.03/2015 2015 on The Confirmation to Use The Bank’s
tanggal 23 September 2015 tentang Penetapan Business License Name from PT Bank
Penggunaan Izin Usaha Atas Nama PT Bank Internasional Indonesia Tbk to PT Bank
Internasional Indonesia Tbk menjadi Izin Usaha Maybank Indonesia Tbk.
Atas Nama PT Bank Maybank Indonesia Tbk.
Bank menjalankan kegiatan usaha di bidang The Bank is engaged in general banking
perbankan sesuai dengan undang-undang dan services in accordance with the prevailing laws
peraturan yang berlaku dan melakukan and regulations and in other banking activities
kegiatan perbankan lainnya berdasarkan based on Sharia principles.
prinsip Syariah.
Kantor pusat Bank beralamat di Sentral The Bank’s head office is located at Sentral
Senayan (SS) III, Jalan Asia Afrika No. 8, Senayan (SS) III, Jalan Asia Afrika No. 8,
Gelora Bung Karno - Senayan, Jakarta. Bank Gelora Bung Karno - Senayan, Jakarta. The
memiliki 1 kantor pusat, 80 kantor cabang, 237 Bank has 1 head office, 80 branches,
kantor cabang pembantu, 17 kantor cabang 237 sub-branches, 17 Sharia branches and 3
Syariah dan 3 kantor cabang pembantu Syariah Sharia sub-branches as of December 31, 2023
per 31 Desember 2023 (31 Desember 2022: 1 (December 31, 2022: 1 head office, 80
kantor pusat, 80 kantor cabang, 245 kantor branches, 245 sub-branches, 1 micro sub-
cabang pembantu, 1 kantor cabang pembantu branch, 17 Sharia branches and 2 Sharia sub-
mikro, 17 kantor cabang Syariah dan 2 kantor branches). The Bank’s key management
cabang pembantu Syariah). Manajemen kunci personnel covers members of Board of
Bank cakupannya adalah anggota Dewan Commissioners, Board of Directors, Audit
Komisaris, Dewan Direksi, Komite Audit, Committee, officer who have direct
pejabat yang bertanggung jawab langsung ke responsibility to the Directors, Compliance Unit
Direksi, Kepala Satuan Kerja Kepatuhan, Head, Internal Audit Head, Risk Management
Kepala Satuan Kerja Audit Intern (SKAI), Unit Head, Division Head, Regional Office
Kepala Satuan Kerja Manajemen Risiko, Head, Area Business Manager (ABM), Branch
Kepala Divisi, Kepala Kantor Wilayah, Area Manager Syariah (BMS) and other officers who
Business Manager (ABM), Branch Manager are appointed as Executive Officers by the
Syariah (BMS) dan pejabat lainnya yang Bank’s Director and have significant influence
ditetapkan sebagai Pejabat Eksekutif oleh to the Bank’s policies and/or operations. The
Direksi Bank di mana pejabat tersebut Bank had 6,537 and 6,312 permanent
mempunyai pengaruh yang signifikan terhadap employees as of December 31, 2023 and 2022
kebijakan dan/atau operasional Bank. Jumlah (unaudited), respectively.
karyawan tetap Bank per 31 Desember 2023
dan 2022 adalah masing-masing 6.537 dan
6.312 karyawan (tidak diaudit).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 14
Page 647
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pemegang saham akhir PT Bank Maybank The ultimate shareholder of PT Bank Maybank
Indonesia Tbk adalah Malayan Banking Berhad, Indonesia Tbk is Malayan Banking Berhad, a
sebuah perusahaan perbankan dan jasa banking company and financial services based
keuangan yang berkedudukan di Malaysia. in Malaysia.
Pada bulan Mei 1999, sebagai bagian dari In May 1999, as part of the National Banking
Program Rekapitalisasi Perbankan Nasional, Recapitalization Program, the Indonesian
Pemerintah Indonesia melakukan penyertaan Government made a capital investment in the
modal pada Bank sebesar Rp8.714.000. Pada Bank of Rp8,714,000. In January 2000, the
bulan Januari 2000, Bank mengembalikan dana Bank refunded to the Indonesian Government
rekapitalisasi sebesar Rp2.086.425 kepada the excess of the recapitalization fund of
Pemerintah Indonesia, sehingga jumlah approximately Rp2,086,425 hence, the
penyertaan modal Pemerintah Indonesia pada outstanding capital investment of the
Bank adalah sebesar Rp6.627.575. Indonesian Government in the Bank was
Rp6,627,575.
Pada bulan Juli 2001, Bank Indonesia In July 2001, Bank Indonesia placed the Bank
menetapkan Bank sebagai bank dalam as bank under surveillance and transferred the
penyehatan dan menyerahkan Bank kepada Bank to the Indonesian Bank Restructuring
Badan Penyehatan Perbankan Nasional Agency (IBRA). As the Bank’s condition had
(BPPN). Dengan membaiknya kondisi Bank, improved, in March 2004, the Governor of Bank
pada bulan Maret 2004, Gubernur Bank Indonesia revoked the Bank’s status as bank
Indonesia mencabut status Bank sebagai bank under surveillance.
dalam penyehatan.
Pada tanggal 2 April 2002, Rapat Umum On April 2, 2002, based on the Bank’s
Pemegang Saham Luar Biasa menyetujui Shareholders’ Extraordinary General Meeting,
perubahan modal dasar Bank dengan the shareholders approved the change in the
menambah seri saham yaitu saham Seri D authorized share capital by adding Series D
dengan nilai nominal Rp5 (nilai penuh) per shares with a par value of Rp5 (full amount) per
saham sehingga jumlah modal dasar Bank share. Thus, the authorized share capital
sebesar Rp38.000.000 terdiri dari amounted to Rp38,000,000 which consisted of
3.881.462.307 saham Seri A dengan nilai 3,881,462,307 Series A shares with a par value
nominal Rp500 (nilai penuh) per saham; of Rp500 (full amount) per share;
40.856.044.855 saham Seri B dengan nilai 40,856,044,855 Series B shares with a par
nominal Rp125 (nilai penuh) per saham; value of Rp125 (full amount) per share;
52.595.515.440 saham Seri C dengan nilai 52,595,515,440 Series C shares with a par
nominal Rp125 (nilai penuh) per saham; dan value of Rp125 (full amount) per share; and
4.875.564.761.925 saham Seri D dengan nilai 4,875,564,761,925 Series D shares with a par
nominal Rp5 (nilai penuh) per saham. Risalah value of Rp5 (full amount) per share. The
Rapat Umum Pemegang Saham Luar Biasa ini minutes of this Shareholders’ Extraordinary
telah didokumentasikan dalam akta No. 2 dari General Meeting were documented in Notarial
Notaris Fathiah Helmi, S.H. tanggal Deed No. 2 of Notary Fathiah Helmi, S.H.,
2 April 2002 dan telah dicatat oleh Menteri dated April 2, 2002 and were recorded by the
Hukum dan Hak Asasi Manusia Minister of Justice and Human Rights of the
Republik Indonesia sebagaimana termuat Republic of Indonesia in “Receipt of Report on
dalam Penerimaan Laporan Akta the change in the Bank’s Articles of
Perubahan Anggaran Dasar Bank Association” No. C-05634.HT.01.04.TH.2002
No. C-05634.HT.01.04.TH.2002 tanggal dated April 5, 2002, and registered with the
5 April 2002 dan telah didaftarkan ke Kantor Registration Office of the Department of
Pendaftaran Perusahaan Departemen Trade and Industry Central Jakarta
Perindustrian dan Perdagangan Jakarta No. 3698/RUB.09.05/IV/2002 dated
Pusat No. 3698/RUB.09.05/IV/2002 tanggal April 18, 2002.
18 April 2002.
15 PT Bank Maybank Indonesia Tbk 2023 Annual Report 645
Page 648
646
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tanggal 31 Mei 2002, Bank mengadakan On May 31, 2002, the Bank held a
Rapat Umum Pemegang Saham Luar Biasa Shareholders’ Extraordinary General Meeting,
untuk menyetujui hal-hal sebagai berikut: whereby the shareholders approved the
following:
1. Mengubah nilai nominal saham Bank 1. Changes in the par value of the Bank’s
sebagai berikut: shares as follows:
- Saham Seri A dengan nilai nominal - Series A shares with a par value of
Rp500 (nilai penuh) per saham Rp500 (full amount) per share to
menjadi Rp5.000 (nilai penuh) per Rp5,000 (full amount) per share.
saham.
- Saham Seri B dan C dengan nilai - Series B and C shares with a par value
nominal Rp125 (nilai penuh) per of Rp125 (full amount) per share to
saham menjadi Rp1.250 (nilai penuh) Rp1,250 (full amount) per share.
per saham.
- Saham Seri D dengan nilai nominal - Series D shares with a par value of
Rp5 (nilai penuh) per saham menjadi Rp5 (full amount) per share to
Rp125 (nilai penuh) per saham. Rp125 (full amount) per share.
2. Melakukan reverse stock split, sehingga 2. Conduct reverse stock split, whereby the
jumlah modal dasar Bank sebesar Bank’s authorized share capital
Rp38.000.000 terbagi atas amounting to Rp38,000,000 consisted of
208.841.497.003 saham dengan rincian 208,841,497,003 shares as follows:
sebagai berikut:
- 388.146.231 saham Seri A dengan - 388,146,231 Series A shares with a
nilai nominal Rp5.000 (nilai penuh) per par value of Rp5,000 (full amount) per
saham. share.
- 3.631.648.456 saham Seri B dengan - 3,631,648,456 Series B shares with a
nilai nominal Rp1.250 (nilai penuh) per par value of Rp1,250 (full amount) per
saham. share.
- 5.259.551.544 saham Seri C dengan - 5,259,551,544 Series C shares with a
nilai nominal Rp1.250 (nilai penuh) per par value of Rp1,250 (full amount) per
saham. share.
- 199.562.150.772 saham Seri D - 199,562,150,772 Series D shares with
dengan nilai nominal Rp125 (nilai a par value of Rp125 (full amount) per
penuh) per saham. share.
Pada tanggal 26 Maret 2010, Rapat Umum On March 26, 2010, based on the Bank’s
Pemegang Saham Luar Biasa menyetujui untuk Shareholders’ Extraordinary General Meeting,
mengubah Pasal 4 ayat 2 Anggaran Dasar the shareholders agreed to amend the
Perseroan sehubungan dengan peningkatan Articles of Association article 4(2) related to the
Modal Disetor dan Ditempatkan dengan cara increase in issued and paid-up capital by
pengeluaran saham baru Seri D sejumlah issuing new Series D shares for 6,253,554,529
6.253.554.529 saham dengan nilai nominal shares with a par value of Rp22.50 (full amount)
Rp22,50 (nilai penuh) melalui Penawaran through Limited Public Offering V, as stated in
Umum Terbatas V, sebagaimana tertuang Minutes of Meeting notarized in Notarial Deed
dalam Akta Berita Acara Rapat No. 38 tanggal No. 38 dated March 26, 2010 by Notary
26 Maret 2010 yang dibuat oleh Poerbaningsih Poerbaningsih Adi Warsito, S.H., in Jakarta.
Adi Warsito, S.H., Notaris di Jakarta.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 16
Page 649
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tanggal 27 Juni 2013, Rapat Umum On June 27, 2013, based on the Bank’s
Pemegang Saham Luar Biasa menyetujui untuk Shareholders’ Extraordinary General Meeting,
mengubah Pasal 4 ayat 2 Anggaran Dasar the shareholders agreed to amend the Articles
Perseroan sehubungan dengan peningkatan of Association article 4(2) related to the
Modal Disetor dan Ditempatkan dengan cara increase in issued and paid-up capital by
pengeluaran saham baru Seri D sejumlah issuing new Series D shares for 4,690,165,897
4.690.165.897 saham dengan nilai nominal shares with a par value of Rp22.50 (full amount)
Rp22,50 (nilai penuh) melalui Penawaran through Limited Public Offering VI, as stated in
Umum Terbatas VI, sebagaimana tertuang Minutes of Meeting notarized in Notarial Deed
dalam Akta Berita Acara Rapat No. 107 dated June 27, 2013 by Notary
No. 107 tanggal 27 Juni 2013 yang dibuat oleh Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,
Ir. Nanette Cahyanie Handari Adi Warsito, S.H., in Jakarta.
Notaris di Jakarta.
Pada tanggal 28 November 2014, Rapat Umum On November 28, 2014 based on the Bank’s
Pemegang Saham Luar Biasa menyetujui untuk Shareholders’ Extraordinary General Meeting,
mengubah Pasal 4 ayat 2 Anggaran Dasar the shareholders agreed to amend the Articles
Perseroan sehubungan dengan peningkatan of Association article 4(2) related to the
Modal Disetor dan Ditempatkan dengan cara increase in issued and paid-up capital by
pengeluaran saham baru Seri D sejumlah issuing new Series D shares for 6,774,684,073
6.774.684.073 saham dengan nilai nominal shares with a par value of Rp22.50 (full amount)
Rp22,50 (nilai penuh) melalui Penawaran through Limited Public Offering VII, as stated in
Umum Terbatas VII, sebagaimana tertuang Minutes of Meeting notarized in Notarial Deed
dalam Akta Berita Acara Rapat No. 127 tanggal No. 127 dated November 28, 2014 by Notary
28 November 2014 yang dibuat oleh Aryanti Aryanti Artisari, S.H., M.Kn., in Jakarta.
Artisari, S.H., M.Kn., Notaris di Jakarta.
Pada tanggal 6 April 2018, Rapat Umum On April 6, 2018 based on the Bank's
Pemegang Saham Luar Biasa menyetujui untuk Shareholders' Extraordinary General Meeting,
mengubah Anggaran Dasar Perseroan the shareholders agreed to amend the Articles
sehubungan dengan peningkatan Modal of Association related to the increase in issued
Disetor dan Ditempatkan dengan cara and paid-up capital by issuing new Series D
pengeluaran saham baru Seri D melalui shares with preemptive rights mechanism
mekanisme Hak Memesan Efek Terlebih (Right Issue) for maximum of 12,800,000,000
Dahulu sebanyak-banyaknya sebesar shares with a nominal value of Rp22.50 (full
12.800.000.000 saham dengan nilai nominal amount) through Limited Public Offering VIII, as
Rp22,50 (nilai penuh) melalui Penawaran stated in Minutes of Meeting Notarized in
Umum Terbatas VIII, sebagaimana tertuang Notarial Deed No. 8 dated April 6, 2018 by
dalam Akta Berita Acara Rapat No. 8 tanggal 6 Notary Aulia Taufani, S.H., in Jakarta.
April 2018 yang dibuat oleh Aulia Taufani, S.H.,
Notaris di Jakarta.
17 PT Bank Maybank Indonesia Tbk 2023 Annual Report 647
Page 650
648
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tanggal 31 Maret 2023, Bank On March 31, 2023, the Bank held
menyelenggarakan Rapat Umum Pemegang Shareholders’ Annual General Meeting
Saham Tahunan yang menyetujui untuk whereby the shareholders agreed to amend the
mengubah Anggaran Dasar Perseroan Pasal Articles of Association Article 10 regarding
10 tentang Rapat Umum Pemegang Saham, Shareholders’ General Meeting, Article 11
Pasal 11 tentang Tempat, Pengumuman, regarding Venue, Announcement, Invitation,
Pemanggilan, Pimpinan dan Berita Acara Chairman and Explanation Agenda of RUPS,
RUPS, Pasal 14 tentang Penggabungan, Article 14 regarding Merger, Acquisition,
Peleburan, Pengambilalihan, Pemisahan dan Takeover, Separation and Dissolution, Article
Pembubaran, Pasal 16 tentang Tugas dan 16 regarding Directors’ Duties and Authorities,
Wewenang Direksi, Pasal 23 tentang Rencana Article 23 regarding Working Plan, Book Year
Kerja, Tahun Buku dan Laporan Tahunan, and Annual Report, Article 24 regarding
Pasal 24 tentang Penggunaan Laba dan Utilization of Income and Dividend Distribution
Pembagian Dividen dan Pasal 25 tentang and Article 25 regarding the Utilization of
Penggunaan Cadangan. Perubahan ini Reserve. This amendment was notarized in
didokumentasikan pada Akta Notaris No. 103 Notarial Deed No. 103 Dated March 31, 2023
Tanggal 31 Maret 2023 dari notaris Aulia by notary Aulia Taufani S.H., and was approved
Taufani S.H., dan telah disetujui oleh Menteri by the Minister of Laws and Human Rights of
Hukum dan Hak Asasi Manusia Republik the Republic Indonesia through letter No. AHU-
Indonesia melalui Surat No. AHU-AH.01.03- AH.01.03-0049593 dated April 5, 2023.
0049593 tanggal 5 April 2023.
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
Entitas anak Subsidiaries
Bank memiliki entitas anak berikut pada tanggal The Bank has ownership interests in the
31 Desember 2023 dan 2022: following subsidiaries as of December 31, 2023
and 2022:
Persentase kepemilikan/
Percentage of ownership
Tahun
Jenis usaha/ operasi komersial/ 31 Desember/December 31
Entitas anak/ Domisili/ Nature of Start of commercial
Subsidiaries Domicile business operations 2023 2022
PT Maybank Indonesia Jakarta Pembiayaan/
Finance Multi-financing 1991 99,99% 99,99%
PT Wahana Ottomitra Jakarta Pembiayaan/
Multiartha Tbk Multi-financing 1982 67,49% 67,49%
Jumlah aset/
Total assets
Jenis Tahun
usaha/ operasi komersial/ 31 Desember/December 31
Entitas anak/ Domisili/ Nature of Start of commercial
Subsidiaries Domicile business operations 2023 2022
PT Maybank Indonesia Jakarta Pembiayaan/
Finance Multi-financing 1991 8.073.953 7.350.841
PT Wahana Ottomitra Jakarta Pembiayaan/
Multiartha Tbk Multi-financing 1982 6.635.715 5.646.226
PT Bank Maybank Indonesia Tbk 2023 Annual Report 18
Page 651
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Maybank Indonesia Finance PT Maybank Indonesia Finance
Sejak berdiri, PT Maybank Indonesia Finance From its establishment, PT Maybank Indonesia
(MIF) telah dimiliki mayoritas oleh Bank dengan Finance (MIF) is majority owned by the Bank
kepemilikan saham 99,99%. with share ownership of 99.99%.
MIF didirikan berdasarkan akta notaris No. 163 MIF was established by virtue of notarial deed
tanggal 13 Februari 1991 dari Ricardus Nangkih No. 163 dated February 13, 1991 of Ricardus
Sinulingga, S.H., notaris di Jakarta. Akta Nangkih Sinulingga, S.H., notary in Jakarta.
pendirian ini disahkan oleh Menteri Kehakiman The Deed of establishment was approved by
Republik Indonesia dalam Surat Keputusannya The Minister of Justice of the Republic of
No. C2-2005.HT.01.01 TH91 tanggal 5 Juni Indonesia in his Decision Letter
1991 serta dalam Berita Negara Republik No. C2-2005.HT.01.01 TH91 dated June 5,
Indonesia No. 78 tambahan No. 4827 tanggal 1991 and also stated in the State of Gazette No.
29 September 1992. 78 amendment No. 4827 dated September 29,
1992.
Terdapat perubahan anggaran Dasar MIF There is amendment of MIF’s Articles of
dengan akta notaris No. 105 tanggal Association on notarial deed No. 105 dated
18 November 2015 dari Satria Amiputra A., SE, November 18, 2015 from Satria Amiputra A.,
Ak, SH, MM, MAk, MEcDev, MH, M.Kn, SE, Ak, SH, MM, MAk, MEcDev, MH, M.Kn,
mengenai perubahan nama Perusahaan dari regarding the changes of the Company’s name
PT BII Finance Center menjadi PT Maybank from PT BII Finance Center to PT Maybank
Indonesia Finance dan perubahan dan Indonesia Finance and changes and
penyesuaian pasal No. 3 Anggaran Dasar adjustments in Article No. 3 of the Article of
Perusahaan terkait dengan perubahan nama Association related to the Company’s name
dan penyesuaian Anggaran Dasar Perusahaan changes and adjustments to Regulation of
terhadap Peraturan Otoritas Jasa Keuangan Board of Financial Services Authority (POJK)
(POJK) No. 33/POJK.04/2014. Perubahan No. 33/POJK.04/2014. These changes were
tersebut telah disetujui oleh Menteri Hukum dan approved by the Minister of Laws and Human
Menteri Hak Asasi Manusia Republik Indonesia Rights of the Republic of Indonesia in his
dengan surat keputusannya No.AHU- decision letter No. AHU-0947396.AH.01.02
0947396.AH.01.02 Tahun 2015 tanggal Year 2015 dated December 7, 2015.
7 Desember 2015.
Pada tanggal 30 September 2011, Bank On September 30, 2011, the Bank increased its
melaksanakan penambahan penyertaan saham share-ownership in MIF by 17,370,000 shares
dalam MIF sebesar 17.370.000 saham dengan through exchanging asset in the form of
menggunakan aset inbreng dalam bentuk buildings with fair market value of Rp17,370.
bangunan dengan nilai wajar sebesar Such increase in share-ownership has been
Rp17.370. Penambahan penyertaan tersebut approved by Bank Indonesia as stated in its
sebelumnya telah disetujui oleh Bank Indonesia letter No. 13/104/DPB2/TPB2-5 dated
sebagaimana disebutkan dalam suratnya July 15, 2011. The amendment of MIF articles
No. 13/104/DPB2/TPB2-5 tanggal of association has been acknowledged and
15 Juli 2011. Perubahan anggaran dasar MIF registered by the Ministry of Laws and Human
telah diterima dan dicatat oleh Kementerian Rights of the Republic of Indonesia in its letter
Hukum dan Hak Asasi Manusia Republik No. AHU-AH.01.10-30085 dated September
Indonesia dengan surat No. AHU-AH.01.10- 22, 2011.
30085 tanggal 22 September 2011.
19 PT Bank Maybank Indonesia Tbk 2023 Annual Report 649
Page 652
650
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Maybank Indonesia Finance (lanjutan) PT Maybank Indonesia Finance (continued)
Terdapat perubahan Anggaran Dasar MIF There is amendment of MIF’s Articles of
dengan akta notaris No. 25 tertanggal 8 Maret Association on notarial deed No. 25 dated
2022 dari Satria Amiputra A., SE, Ak, SH, MM, March 8, 2022 from Satria Amiputra A., SE, Ak,
MAk, MH, M.Kn terkait dengan Pasal 9 SH, MM, MAk, MH, M.Kn, related to Article 9 of
Anggaran Dasar Perseroan perihal tempat, the Company's Articles of Association
pemanggilan, dan pimpinan Rapat Umum regarding the place, summons, and chairman of
Pemegang Saham. Perubahan tersebut telah the General Meeting of Shareholders. The
disetujui oleh Menteri Hukum dan Hak Asasi amendment has been approved by the Minister
Manusia Republik Indonesia dengan surat of Law and Human Rights of the Republic of
keputusannya No. AHU-AH.01.03-0162396 Indonesia in his decision letter No. AHU-
Tahun 2022 tanggal 11 Maret 2022. AH.01.03-0162396 Year 2022 dated
March 11, 2022.
Jumlah karyawan entitas anak per The subsidiary had 915 and 836 employees as
31 Desember 2023 dan 2022 adalah masing- of December 31, 2023 and 2022 (unaudited),
masing 915 dan 836 karyawan (tidak diaudit). respectively.
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
Pada tanggal 16 September 2004, Bank telah On September 16, 2004, the Bank signed a
menandatangani Perjanjian Jual Beli Bersyarat Conditional Sale and Purchase Agreement
(CSPA) untuk mengakuisisi PT Wahana (CSPA) to acquire PT Wahana Ottomitra
Ottomitra Multiartha Tbk (WOM). CSPA Multiartha Tbk (WOM). The CSPA was
ini kemudian diubah pada tanggal 8 November amended on November 8, 2004 and May 3,
2004 dan 3 Mei 2005. Akuisisi ini diselesaikan 2005. The acquisition was completed on
pada tanggal 20 Mei 2005, dimana Bank May 20, 2005, with the Bank acquiring 43% of
mengakuisisi 43% dari jumlah saham yang the issued shares of WOM at a purchase price
dikeluarkan WOM dengan harga perolehan of Rp425,700 and with goodwill amounted to
Rp425.700 dan terdapat goodwill sebesar Rp201,470.
Rp201.470.
Berdasarkan CSPA tersebut, Bank Based on the CSPA, the Bank has control over
memperoleh kendali atas WOM. Oleh karena WOM. Thus since the completion date of the
itu sejak tanggal penyelesaian akuisisi tersebut acquisition, WOM’s financial statements have
laporan keuangan WOM dikonsolidasikan ke been consolidated into the Bank’s consolidated
dalam laporan keuangan konsolidasian Bank. financial statements.
Pada tanggal 18 Mei 2005, Bank telah On May 18, 2005, the Bank signed the
menandatangani perjanjian bersyarat dengan conditional agreement with International
International Finance Corporation (IFC) dimana Finance Corporation (IFC) where IFC has right
IFC memiliki hak untuk menawarkan kepada to offer the Bank to purchase 380,000,000
Bank untuk membeli 380.000.000 saham WOM shares of WOM (19% ownership in WOM) at a
(19% kepemilikan di WOM) pada harga yang predetermined price.
telah ditetapkan sebelumnya.
Pada tanggal 29 Juni 2006, Bank mengakuisisi On June 29, 2006, the Bank acquired an
tambahan 3,99% saham yang dikeluarkan additional 3.99% of the issued shares of WOM
WOM dengan harga perolehan Rp42.075 dan at a purchase price of Rp42,075 and with
terdapat goodwill sebesar Rp18.435. goodwill amounting to Rp18,435.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 20
Page 653
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
(lanjutan) (continued)
Pada tanggal 28 Juni 2007, Bank mengakuisisi On June 28, 2007, the Bank acquired an
tambahan 3,04% saham yang dikeluarkan additional 3.04% of the issued shares of WOM
WOM dengan harga perolehan Rp33.473 dan at a purchase price of Rp33,473 and with
terdapat goodwill sebesar Rp15.162. goodwill amounted to Rp15,162.
Melalui surat Bank Indonesia Based on Bank Indonesia letter
No. 7/24/DPwB1/PwB14/Rahasia tanggal No. 7/24/DPwB1/PwB14/Rahasia dated April
29 April 2005, No. 8/9/DPB2/TPB2-1/Rahasia 29, 2005, No. 8/9/DPB2/TPB2-1/Rahasia dated
tanggal 23 Juni 2006 dan June 23, 2006 and No. 9/106/DPB2/TPB2-5
No. 9/106/DPB2/TPB2-5 tanggal 27 Juni 2007 dated June 27, 2007 the Bank has obtained
Bank telah mendapatkan persetujuan dari Bank approval from Bank Indonesia for the
Indonesia atas akuisisi WOM. acquisition of WOM.
Pada tanggal 4 Juli 2011, Bank melaksanakan On July 4, 2011, the Bank increased its share-
penambahan penyertaan saham dalam WOM ownership in WOM by purchasing 239,400,000
dengan membeli sejumlah 239.400.000 saham shares owned by IFC representing 11.97%
milik IFC yang merupakan 11,97% dari total shares of the total issues shares in WOM. The
saham yang telah dikeluarkan dalam WOM. total purchase price is Rp125,110 including fee
Harga pembelian keseluruhan adalah cost amounting Rp276. Such increase in share-
Rp125.110 termasuk biaya transaksi sebesar ownership has been approved by Bank
Rp276. Penambahan penyertaan tersebut Indonesia as stated in its letter
sebelumnya telah disetujui oleh Bank Indonesia No. 13/23/DPB-2/TPB2-5 dated February 7,
sebagaimana disebutkan dalam suratnya 2011.
No. 13/23/DPB-2/TPB2-5 tanggal 7 Februari
2011.
Perubahan dalam bagian kepemilikan Bank An increase or decrease in the Bank’s
pada entitas anak yang tidak mengakibatkan ownership interest that does not result in a loss
hilangnya pengendalian dicatat sebagai of control is accounted for as an equity
transaksi ekuitas, dalam hal ini transaksi transaction, i.e. a transaction with owners in
dengan pemilik dalam kapasitasnya sebagai their capacity as owners. Any difference
pemilik. Sehingga setiap perbedaan antara between the amount by which the non-
jumlah kepentingan non-pengendali controlling interests are adjusted and their fair
disesuaikan dan nilai wajar imbalan yang value of the consideration paid or received shall
diberikan atau diterima diakui secara langsung be recognized directly in equity and attributed
dalam ekuitas dan diatribusikan pada pemilik to the owners of the parent. The difference in
entitas induk. Selisih perbedaan angka tercatat non-controlling value with the fair value of
kepentingan non-pengendali dengan nilai wajar consideration paid on the additional 11.97%
imbalan yang diberikan atas tambahan saham WOM shares amounted to Rp73,681 is
WOM sebesar 11,97% sejumlah recorded as “Difference in Transaction between
Rp73.681 dicatat sebagai “Selisih Transaksi Shareholders of a Subsidiary”.
antara Pemegang Saham Entitas Anak”.
21 PT Bank Maybank Indonesia Tbk 2023 Annual Report 651
Page 654
652
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
(lanjutan) (continued)
Pada bulan Maret 2015, Bank mengakuisisi In March 2015, the Bank acquired an additional
tambahan 6,55% saham yang dikeluarkan 6.55% of the issued shares of WOM at a
WOM dengan harga perolehan Rp154.797 dan purchase price of Rp154,797 and with
terdapat penurunan ”Selisih Transaksi antara “Difference in Transaction between
Pemegang Saham Entitas Anak” sebesar Shareholders of a Subsidiary” decreased by
Rp16.368. Rp16,368.
Pada tanggal 11 Januari 2017, Bank telah On January 11, 2017, Bank has entered into a
menandatangani Perjanjian Pembelian Saham Conditional Shares Purchase Agreement (CSPA)
Bersyarat (CSPA) dengan PT Reliance Capital with PT Reliance Capital Management (RCM).
Management (RCM). Penandatanganan CSPA ini The signing of this CSPA purports to sell, transfer
bertujuan untuk menjual, memindahtangankan and deliver all shares of PT Wahana Ottomitra
dan mengalihkan seluruh saham yang dimiliki Multiartha Tbk (WOM) owned by the Bank to
Bank pada PT Wahana Ottomitra Multiartha Tbk RCM amounting to 2,386,646,729 shares which
(WOM) kepada RCM sebanyak 2.386.646.729 constitute 68.55% of the total issued and paid-up
lembar saham yang merupakan 68,55% dari total shares of WOM (Transfer of Shares).
saham yang ditempatkan dan disetor penuh pada
WOM (Pengalihan Saham).
Sejak tanggal 3 Mei 2017, Perjanjian Pembelian Since May 3, 2017, the Conditional Shares
Saham Bersyarat (Conditional Shares Purchase Agreement (CSPA) between the
Purchase Agreement, “CSPA”) antara Bank Bank and PT Reliance Capital Management
dan PT Reliance Capital Management (“RCM”) (RCM) signed on January 11, 2017 had been
yang telah ditandatangani pada tanggal terminated because up to April 30, 2017 several
11 Januari 2017 telah berakhir karena hingga precedent conditions had not been fulfilled. The
tanggal 30 April 2017 beberapa persyaratan termination status of this CSPA since May
pendahuluan belum dapat dipenuhi. Status 3, 2017 had been enforced and approved by
berakhirnya CSPA ini sejak tanggal Indonesian National Arbitration Council (BANI)
3 Mei 2017 telah dikuatkan dan disahkan oleh based on the arbitration decision dated May 4,
Badan Arbitrase Nasional Indonesia (BANI) 2018. However, there still remains ongoing
berdasarkan putusan arbitrase tertanggal 4 Mei legal proceedings on this matter being brought
2018. Namun, masih terdapat proses hukum by both parties in various jurisdictions. A further
yang sedang berjalan terkait hal ini yang legal proceeding brought against the Bank by
diajukan oleh kedua belah pihak di berbagai RCM at the Central Jakarta District Court has
lembaga yuridiksi. Proses hukum lebih lanjut been dismissed by the Central Jakarta District
terhadap Bank yang diajukan oleh RCM di Court on September 12, 2018.
Pengadilan Negeri Jakarta Pusat telah ditolak
oleh Pengadilan Negeri Jakarta Pusat pada
tanggal 12 September 2018.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 22
Page 655
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
(lanjutan) (continued)
Pada 30 Januari 2019, Perjanjian Perdamaian On January 30, 2019, a Settlement Agreement
telah ditandatangani oleh Bank dan RCM di was signed between the Bank and RCM
mana kedua belah pihak setuju untuk whereby both parties agree to drop all legal
membatalkan semua proses hukum dan proceedings and the return of RCM's deposit by
pengembalian simpanan RCM oleh Bank. RCM the Bank. RCM concurs that the CSPA has
menyetujui bahwa CSPA telah dihentikan sejak been terminated since May 3, 2017.
3 Mei 2017.
Dengan diakhirinya CSPA, Bank tetap secara Upon the CSPA termination, the Bank legally hold
sah memiliki 2.386.646.729 lembar saham yang 2,386,646,729 shares which constitute 68.55% of
mewakili 68,55% saham yang telah disetor dan the total issued and paid-up shares of WOM.
ditempatkan dalam WOM. WOM akan tetap WOM is still the Bank’s controlled subsidiary
merupakan anak perusahaan yang based on the prevailing laws and regulations.
dikendalikan oleh Bank berdasarkan peraturan
perundang-undangan yang berlaku.
Pada tanggal 24 Maret 2021, Bank telah On March 24, 2021, the Bank completed the
memindahkan 1,06% kepemilikan saham WOM transfer of 1.06% equity interest in WOM to a
kepada pihak ketiga. Pemindahan tersebut third party investor. The transfer was
dilakukan dalam rangka mematuhi ketentuan undertaken to ensure compliance with the IDX
BEI No. I-A Kep-00183/BEI/12-2018 Ketentuan Regulation No. I-A Kep-00183/BEI/12-2018
V.1. mengenai batas minimum jumlah saham Regulation V.1. regarding minimum free float
yang dimiliki publik. Namun, Bank tetap requirement for public. However, the Bank
mempertahankan eksposur ekonomisnya. Oleh continues to retains its economic
karena itu, pemindahan kepemilikan tersebut exposure. Therefore, the transfer has not
tidak menyebabkan penurunan kepentingan resulted in a decrease in the Bank’s effective
efektif Bank pada WOM. interest in WOM.
Jumlah karyawan tetap entitas anak per The subsidiary had 2,330 and 2,409 permanent
31 Desember 2023 dan 2022 adalah masing- employees as of December 31, 2023 and 2022
masing 2.330 dan 2.409 karyawan (tidak (unaudited), respectively.
diaudit).
Kantor cabang luar negeri Overseas branch
Bank memiliki lisensi operasional untuk cabang The Bank has operating licenses for the
di luar Indonesia, yakni: Mumbai (cabang following overseas branch: Mumbai (operating
operasional). branch).
Laporan keuangan cabang Bank di luar negeri The financial statements of the overseas
telah digabung dalam laporan keuangan Bank. branches were combined with the Bank’s
financial statements.
23 PT Bank Maybank Indonesia Tbk 2023 Annual Report 653
Page 656
654
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank c. Public offering of the Bank’s shares
Pada bulan Oktober 1989, Bank menjual 12 juta In October 1989, the Bank sold 12 million
lembar saham Seri A dengan nilai nominal Series A shares with a par value of Rp1,000 (full
Rp1.000 (nilai penuh) per saham kepada amount) per share to the public through the
masyarakat melalui pasar modal di Indonesia capital market in Indonesia, in accordance with
sesuai dengan ketentuan Undang-undang the prevailing Capital Market Law.
Pasar Modal yang berlaku. Penjualan saham The Bank has received a notice
Seri A kepada masyarakat ini telah memperoleh of effectivity from the Capital Market
pernyataan efektif dari Badan Pengawas Pasar Supervisory Agency (“BAPEPAM”) through its
Modal (“BAPEPAM”) melalui suratnya No. SI- letter No. SI-058/SHM/MK.10/189 dated
058/SHM/MK.10/189 tanggal 2 Oktober 1989. October 2, 1989 for the sale of Series A shares
to the public.
Pada bulan Februari 1994, Bank melakukan In February 1994, the Bank executed Limited
Penawaran Umum Terbatas I kepada para Public Offering I (“right issue I”) to the
pemegang sahamnya (“rights issue I”). Dalam Shareholders. Through this limited public
penawaran ini telah diterbitkan sejumlah offering, 52,717,184 Series A shares had been
52.717.184 saham Seri A dengan nilai nominal issued with a par value of Rp1,000 (full amount)
Rp1.000 (nilai penuh) per saham, di mana per share in which, each holder of every five
ditentukan bahwa setiap pemegang lima saham Series A shares had the right to purchase one
Seri A mempunyai hak untuk memesan satu new Series A share at Rp4,000 (full amount)
saham Seri A dengan harga Rp4.000 (nilai per share. The rights issue I had been approved
penuh) per saham. Penawaran Umum Terbatas by the shareholders in the Shareholders’
I ini telah mendapat persetujuan dari para Extraordinary General Meeting held on January
pemegang saham dalam Rapat Umum 25, 1994. The Bank has received a notice of
Pemegang Saham Luar Biasa yang diadakan effectiveness from the BAPEPAM through its
pada tanggal 25 Januari 1994, dan memperoleh Decision Letter No. S-130/PM/1994 dated
pernyataan efektif dari BAPEPAM melalui Surat January 24,1994.
Keputusannya No. S-130/PM/1994 tanggal
24 Januari 1994.
Pada bulan Februari 1997, Bank melakukan In February 1997, the Bank sold 1,289,579,469
Penawaran Umum Terbatas II kepada para Series A shares through Limited Public Offering
pemegang sahamnya (“rights issue II”) II (“rights issue II”), in which 286,573,215 Series
sejumlah 1.289.579.469 saham Seri A di mana I warrants were attached. In this offering, each
melekat sejumlah 286.573.215 waran Seri I. holder of 27 Series A shares received a pre-
Setiap pemegang 27 saham Seri A mempunyai emptive rights for 18 new Series A shares with
Hak Memesan Efek Terlebih Dahulu untuk 18 a subscription price of Rp750 (full amount) per
saham baru Seri A dengan harga Rp750 (nilai share, and four Series I warrants were attached
penuh) per saham. Disamping itu, pada setiap to each group of 18 newly issued Series A
18 saham baru Seri A melekat empat Waran shares, free of charge. The subscription right
Seri I yang diberikan secara cuma-cuma. was exercisable in multiples of 9 Series A
Pemesanan pembelian akan dilakukan dalam shares for Rp6,750 (full amount). The total
kelipatan 9 saham Seri A senilai Rp6.750 (nilai proceeds from this rights issue II amounted to
penuh). Jumlah dana yang diperoleh dari Rp967,185. This rights issue II was approved
Penawaran Umum Terbatas II ini adalah by the shareholders in their Shareholders’
sebesar Rp967.185. Penawaran Umum Extraordinary General Meeting held on
Terbatas II ini telah mendapat persetujuan dari December 27, 1996. The Bank received a
para pemegang saham dalam Rapat Umum notice of effectivity from the BAPEPAM through
Pemegang Saham Luar Biasa yang diadakan its Decision Letter No. S-2093/PM/1996 dated
pada tanggal 27 Desember 1996. Bank December 28, 1996 for this rights issue II.
memperoleh pernyataan efektif dari BAPEPAM
melalui Surat Keputusannya No. S-
2093/PM/1996 tanggal 28 Desember 1996.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 24
Page 657
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Bank mengadakan Rapat Umum Pemegang The Bank held a Shareholders’ Extraordinary
Saham Luar Biasa pada tanggal General Meeting on March 31, 1999 where the
31 Maret 1999 untuk menyetujui rencana shareholders approved the Limited Public
Penawaran Umum Terbatas III kepada para Offering III (“rights issue III”) plans for
pemegang sahamnya (“rights issue III”). Dalam 62,101,383,408 new shares (Series B shares
penawaran ini diterbitkan sejumlah with a par value of Rp125 (full amount) per
62.101.383.408 saham baru (Seri B dengan nilai share) and 7,762,672,926 Series II warrants.
nominal Rp125 (nilai penuh) per saham) dan The Bank received a notice of effectivity from
7.762.672.926 waran Seri II. Bank memperoleh the BAPEPAM for rights issue III through its
pernyataan efektif dari BAPEPAM untuk Decision Letter No. S-434/PM/1999 on
Penawaran Umum Terbatas III melalui Surat March 30, 1999, and for the continuation of
Keputusannya No. S-434/PM/1999 tanggal 30 rights issue III through its Decision Letter
Maret 1999 dan untuk Penawaran Umum No. S-857/PM/1999 dated June 8, 1999. The
Terbatas III Lanjutan melalui Surat Keputusannya total proceeds from the rights issue III
No. S-857/PM/1999 tanggal 8 Juni 1999. Jumlah amounted to Rp4,486,424 (for 35,891,396,568
dana yang diperoleh dari Penawaran Umum Series B shares and 4,486,424,571 Series II
Terbatas III ini adalah sebesar Rp4.486.424 warrants), which were received by the Bank in
(untuk 35.891.396.568 saham Seri B dan April and June 1999.
4.486.424.571 waran Seri II) dan telah diterima
oleh Bank pada bulan April dan Juni 1999.
Pada tanggal 20 Mei 2002, Bank telah On May 20, 2002, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted a Statement of Registration
BAPEPAM melalui surat No. 2002.100/CMT- No. 2002.100/CMT-COC to the BAPEPAM
COC sehubungan dengan rencana rights issue regarding its plan for a rights issue or Limited
atau Penawaran Umum Terbatas IV dalam Public Offering IV with pre-emptive rights to the
rangka Penerbitan Hak Memesan Efek Terlebih shareholders of 38,973,254,169 shares with a
Dahulu kepada para pemegang saham par value of Rp125 (full amount) per share. The
sebanyak 38.973.254.169 saham dengan nilai Bank received a notice of effectivity from the
nominal Rp125 (nilai penuh) per saham. Bank BAPEPAM through its Decision Letter
memperoleh pernyataan efektif dari BAPEPAM No. S-1304/ PM/2002 on June 17, 2002 for this
untuk Penawaran Umum Terbatas IV melalui Limited Public Offering IV. On
Surat Keputusannya No. S-1304/PM/2002 June 18, 2002, the Bank held a Shareholders’
tanggal 17 Juni 2002. Pada tanggal 18 Juni Extraordinary General Meeting whereby the
2002, Bank mengadakan Rapat Umum shareholders approved the execution of the
Pemegang Saham Luar Biasa untuk menyetujui Limited Public Offering IV (“rights issue IV”).
pelaksanaan Penawaran Umum Terbatas IV The total proceeds from the Limited Public
kepada para pemegang sahamnya (“rights Offering IV held from July 11, 2002 up to
issue IV”). Jumlah dana yang diperoleh dari July 18, 2002 amounted to Rp4,813,000 (for
Penawaran Umum Terbatas IV yang 38,504,000,000 Series D shares), of which
dilaksanakan pada tanggal 11 Juli 2002 sampai Rp68,827 (for 550,618,490 Series D shares)
18 Juli 2002 adalah sebesar Rp4.813.000 was raised from the public and Rp4,744,173
(untuk 38.504.000.000 saham Seri D), yang (for 37,953,381,510 Series D shares) was
mana sebesar Rp68.827 (untuk 550.618.490 raised from the Government through the
saham Seri D) diperoleh dari masyarakat dan Indonesian Bank Restructuring Agency, who
sebesar Rp4.744.173 (untuk 37.953.381.510 acted as the standby buyer. The proceeds from
saham Seri D) diperoleh dari Pemerintah this rights issue IV were received by the Bank
melalui Badan Penyehatan Perbankan in July 2002.
Nasional yang bertindak sebagai pembeli siaga
(standby buyer). Dana yang diperoleh dari
Penawaran Umum Terbatas IV ini telah diterima
oleh Bank pada bulan Juli 2002.
25 PT Bank Maybank Indonesia Tbk 2023 Annual Report 655
Page 658
656
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Pada tanggal 19 Februari 2010 melalui surat On February 19, 2010, through letter
No. S.2010.120/DIR LEGAL COMP & OTB dan No. S.2010.120/DIR LEGAL COMP & OTB and
tanggal 18 Maret 2010 melalui surat March 18, 2010 through letter
No. S.2010.190/DIR LEGAL COMP & OTB, No. S.2010.190/DIR LEGAL COMP & OTB, the
Bank telah mengajukan Pernyataan Bank submitted a Statement of Registration to
Pendaftaran kepada BAPEPAM sehubungan the BAPEPAM regarding its plan for a rights
dengan rencana rights issue atau Penawaran issue or Limited Public Offering V with pre-
Umum Terbatas V dalam rangka Penerbitan emptive rights to the shareholders of
Hak Memesan Efek Terlebih Dahulu kepada 6,253,554,529 Series D shares with a par value
para pemegang saham sebanyak of Rp22.50 (full amount) per share. The Bank
6.253.554.529 saham Seri D dengan nilai received a notice of effectivity from the
nominal Rp22,50 (nilai penuh) per saham. Bank BAPEPAM through its Decision Letter
memperoleh pernyataan efektif dari BAPEPAM No. S-2725/BL/2010 dated March 26, 2010.
untuk Penawaran Umum Terbatas V melalui This Limited Public Offering V was approved by
Surat Keputusannya No. S-2725/BL/2010 the shareholders in the Shareholders’
tanggal 26 Maret 2010. Penawaran Umum Extraordinary General Meeting held on
Terbatas V ini telah mendapat persetujuan dari March 26, 2010. The proceeds from this rights
para pemegang saham dalam Rapat Umum issue V amounted to Rp1,407,050 (for
Pemegang Saham Luar Biasa pada tanggal 6,253,554,529 Series D shares), which were
26 Maret 2010. Jumlah dana yang diperoleh received by the Bank in April 2010. Part of the
dari Penawaran Umum Terbatas V ini adalah proceeds amounting to Rp4,477 is used for
sebesar Rp1.407.050 (untuk 6.253.554.529 share issuance costs.
saham Seri D) dan telah diterima oleh Bank
pada bulan April 2010. Sebagian dari dana
diperoleh sebesar Rp4.477 digunakan sebagai
biaya emisi efek ekuitas.
Pada tanggal 26 Maret 2013 melalui surat On March 26, 2013, through letter
No. S.2013.036/DIR FIN, tanggal 24 April 2013 No. S.2013.036/DIR FIN, April 24, 2013
melalui surat No. S.2013.50/DIR FIN dan tanggal through letter No. S.2013.50/DIR FIN, and
21 Juni 2013 melalui surat June 21, 2013 through letter
No. S.2013.374/DIR COMPLIANCE, Bank telah No. S.2013.374/DIR COMPLIANCE, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted a Statement of Registration to the
Otoritas Jasa Keuangan (“OJK”) sehubungan Financial Services Authority (“OJK”) regarding
dengan rencana rights issue atau Penawaran its plan for a rights issue or Limited Public
Umum Terbatas VI dalam rangka Penerbitan Offering VI with pre-emptive rights to the
Hak Memesan Efek Terlebih Dahulu kepada shareholders of 4,690,165,897 Series D
para pemegang saham sebanyak shares with a par value of Rp22.50 (full amount)
4.690.165.897 saham Seri D dengan nilai per share. The Bank received a notice of
nominal Rp22,50 (nilai penuh) per saham. Bank effectivity from the OJK through its Decision
memperoleh pernyataan efektif dari OJK untuk Letter No. S-187/D.04/2013 dated
Penawaran Umum Terbatas VI melalui Surat June 26, 2013. This Limited Public Offering VI
Keputusannya No. S-187/D.04/2013 tanggal 26 was approved by the shareholders in the
Juni 2013. Penawaran Umum Terbatas VI ini Shareholders’ Extraordinary General Meeting
telah mendapat persetujuan dari para pemegang held on June 27, 2013. The proceeds from this
saham dalam Rapat Umum Pemegang Saham rights issue VI amounted to Rp1,500,854 (for
Luar Biasa pada tanggal 27 Juni 2013. Jumlah 4,690,165,897 Series D Shares), which were
dana yang diperoleh dari Penawaran Umum received by the Bank in July 2013. Part of the
Terbatas VI ini adalah sebesar Rp1.500.854 proceeds amounting to Rp4,702 is used for
(untuk 4.690.165.897 saham seri D) dan telah share issuance costs.
diterima oleh Bank pada bulan Juli 2013.
Sebagian dari dana diperoleh sebesar Rp4.702
digunakan sebagai biaya emisi efek ekuitas.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 26
Page 659
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Pada tanggal 23 Oktober 2014 melalui surat On October 23, 2014, through letter
No. S.2014.644/DIR COMPLIANCE dan No. S.2014.644/DIR COMPLIANCE and
tanggal 19 November 2014 melalui surat November 19, 2014 through letter
No. S.2014.738/DIR COMPLIANCE, Bank telah No. S.2014.738/DIR COMPLIANCE, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted a Statement of Registration to the
OJK sehubungan dengan rencana rights OJK regarding its plan for a rights issue or
issue atau Penawaran Umum Terbatas VII Limited Public Offering VII with pre-emptive
dalam rangka Penerbitan Hak Memesan Efek rights to the shareholders of 6,774,684,073
Terlebih Dahulu kepada para pemegang saham Series D shares with a par value of Rp22.50
sebanyak 6.774.684.073 saham Seri D dengan (full amount) per share. The Bank received a
nilai nominal Rp22,50 (nilai penuh) per saham. notice of effectivity from the OJK through its
Bank memperoleh pernyataan efektif dari OJK Decision Letter No. S-493/D.04/2014 dated
untuk Penawaran Umum Terbatas VII melalui November 27, 2014. This Limited Public
Surat Keputusannya No. S-493/D.04/2014 Offering VII was approved by the shareholders
tanggal 27 November 2014. Penawaran Umum in the Shareholders’ Extraordinary General
Terbatas VII ini telah mendapat persetujuan Meeting held on November 28, 2014. The
dari para pemegang saham dalam Rapat proceeds from this rights issue VII amounted to
Umum Pemegang Saham Luar Biasa pada Rp1,497,205 (for 6,774,684,073 Series D
tanggal 28 November 2014. Jumlah dana yang Shares), which were received by the Bank in
diperoleh dari Penawaran Umum Terbatas VII December 2014. Part of the proceeds
ini adalah sebesar Rp1.497.205 (untuk amounting to Rp8,238 is used for share
6.774.684.073 saham seri D) dan telah diterima issuance costs.
oleh Bank pada bulan Desember 2014.
Sebagian dari dana diperoleh sebesar
Rp8.238 digunakan sebagai biaya emisi efek
ekuitas.
Pada tanggal 11 April 2018 melalui surat On April 11, 2018, through its letter
No.S.2018.249/DIR COMPLIANCE, Bank telah No.S.2018.249/DIR COMPLIANCE, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted the Registration Statement to OJK
OJK sehubungan dengan Penawaran Umum regarding the plan for Limited Public Offering
Terbatas VIII dalam rangka Penambahan VIII for Capital Increase with pre-emptive rights
Modal dengan Hak Memesan Efek Terlebih (Right issues) to the shareholders maximum of
Dahulu (HMETD/Rights issue) kepada para 12,800,000,000 Series D shares with a par
pemegang saham sebanyak-banyaknya value of Rp22.50 (full amount) per share.
sebesar 12.800.000.000 saham Seri D dengan
nilai nominal Rp22,50 (nilai penuh) per saham.
Pada tanggal 4 Mei 2018 melalui surat On May 4, 2018, through its letter
No.S.2018.437/DIR FIN, Bank telah No.S.2018.437/DIR FIN, the Bank submitted
menyampaikan keterangan tambahan/ additional information/ amendments to the
perubahan atas Pernyataan Pendaftaran Registration Statement in connection with the
sehubungan dengan Penawaran Umum Limited Public Offering VIII for Capital Increase
Terbatas VIII dalam rangka Penambahan with Pre-emptive Rights (Rights issue) in which
Modal dengan Hak Memesan Efek Terlebih the number of shares to be issued is
Dahulu (HMETD/Rights issue) dimana jumlah 8,468,355,091 Series D shares with a nominal
saham yang akan diterbitkan sebesar value of Rp22.50 per share.
8.468.355.091 saham Seri D dengan nilai
nominal Rp22,50 per saham.
27 PT Bank Maybank Indonesia Tbk 2023 Annual Report 657
Page 660
658
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Bank memperoleh Surat Pernyataan Efektif dari The Bank received the Effective Statement
OJK atas Penawaran Umum Terbatas VIII Letter from the OJK for the Right Issue VIII
melalui Surat OJK No. S-52/D.04/2018 tanggal through its Letter No. S-52/D.04/2018 dated
21 Mei 2018. May 21, 2018.
Jumlah dana yang diperoleh dari Penawaran The proceeds from this Rights Issue VIII
Umum Terbatas VIII ini adalah sebesar amounted to Rp1,998,532 (for 8,468,355,091
Rp1.998.532 (untuk 8.468.355.091 saham seri Series D Shares) were received by the Bank in
D) telah diterima oleh Bank pada bulan June 2018. Part of the proceeds amounting to
Juni 2018. Sebagian dari dana diperoleh Rp6,205 were used for share issuance costs.
sebesar Rp6.205 digunakan sebagai biaya
emisi efek ekuitas.
Pada tanggal 31 Desember 2023 dan 2022 As of December 31, 2023 and 2022 all of the
seluruh saham Bank (maksimum 99% sesuai Bank’s shares (maximum of 99% based on
dengan Peraturan Pemerintah No. 29 tahun Government Regulation No. 29 of 1999) or
1999) atau masing-masing sejumlah 75,357,433,911 and 75,357,433,911 shares,
75.357.433.911 dan 75.357.433.911 saham respectively, were listed on the Indonesia Stock
telah dicatatkan pada Bursa Efek Indonesia Exchange (IDX).
(BEI).
d. Susunan pengurus Bank d. Composition of the Bank’s management
Susunan Dewan Komisaris pada tanggal The composition of the Board
31 Desember 2023 dan 2022 adalah sebagai of Commissioners as of December 31, 2023
berikut: and 2022, are as follows:
31 Desember/December 31, 2023
dan/and
31 Desember/December 31, 2022
Presiden Komisaris Dato’ Khairussaleh Ramli President Commissioner
Komisaris Edwin Gerungan Commissioner
Komisaris Datuk Lim Hong Tat Commissioner
Komisaris Dato’ Zulkiflee Abbas Abdul Hamid Commissioner
Komisaris Independen Budhi Dyah Sitawati Independent Commissioner
Komisaris Independen Achjar Iljas Independent Commissioner
Komisaris Independen Hendar Independent Commissioner
Komisaris Independen Putut Eko Bayuseno Independent Commissioner
PT Bank Maybank Indonesia Tbk 2023 Annual Report 28
Page 661
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Susunan pengurus Bank (lanjutan) d. Composition of the Bank’s management
(continued)
Susunan Direksi pada tanggal 31 Desember The composition of the Board of Directors as of
2023 dan 2022 adalah sebagai berikut: December 31, 2023 and 2022, are as follows:
31 Desember/December 31, 2023
dan/and
31 Desember/December 31, 2022
Presiden Direktur Taswin Zakaria President Director
Direktur Keuangan Thilagavathy Nadason Finance Director
Direktur Sumber Daya Manusia Irvandi Ferizal Human Capital Director
Direktur Manajemen Risiko Effendi Risk Management Director
Direktur Operasional Widya Permana Operations Director
Direktur Hukum & Kepatuhan Muhamadian Legal & Compliance Director
Direktur Community Financial Services Steffano Ridwan Community Financial Services Director
Direktur Perbankan Global Ricky Antariksa Global Banking Director
Direktur Teknologi Informasi Bambang Andri Irawan Information Technology Director
Susunan Dewan Pengawas Syariah Bank pada The composition of the Sharia Supervisory
tanggal 31 Desember 2023 dan 2022 adalah Board as of December 31, 2023 and 2022, are
sebagai berikut: as follows:
31 Desember/December 31, 2023
dan/and
31 Desember/December 31, 2022
Ketua Muhammad Anwar Ibrahim Chairman
Anggota Abdul Jabar Majid Member
Anggota Mohammad Bagus Teguh Perwira Member
29 PT Bank Maybank Indonesia Tbk 2023 Annual Report 659
Page 662
660
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Susunan pengurus Bank (lanjutan) d. Composition of the Bank’s management
(continued)
Susunan Komite Audit Bank pada tanggal The Bank’s Audit Committee as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022, are as follows:
berikut:
31 Desember/December 31, 2023
dan/and
31 Desember/December 31, 2022
Ketua Hendar Chairman
Anggota Achjar Iljas Member
Anggota Putut Eko Bayuseno Member
Anggota Yetti Septirawati Member
Sekretaris Eksekutif/ Executive Secretary/
Anggota Budi Rahayu Member
Per tanggal 31 Desember 2023, Sekretaris As of December 31, 2023, Corporate Secretary
Perusahaan Bank adalah Muhamadian of the Bank is Muhamadian based on Board of
berdasarkan Surat Keputusan Direksi Directors Decree No. SK.2023.002/DIR
No.SK.2023.002/DIR COMPLIANCE tanggal COMPLIANCE dated March 21, 2023.
21 Maret 2023.
Per tanggal 31 Desember 2022, Sekretaris As of December 31, 2022, Corporate Secretary
Perusahaan Bank adalah Harris P. Simanjuntak of the Bank is Harris P. Simanjuntak based on
berdasarkan Surat Keputusan Direksi No. Board of Directors Decree
SK.2020.002/DIR COMPLIANCE tanggal No.SK.2020.002/DIR COMPLIANCE dated
2 Desember 2020. December 2, 2020.
Per tanggal 31 Desember 2023 As of December 31, 2023 and 2022, the Internal
dan 2022, Kepala Satuan Kerja Audit Intern Audit Unit (SKAI) Head is Hariseno Acharyama
(SKAI) adalah Hariseno Acharyama based on the Board of Directors Decree
berdasarkan Surat Keputusan Direksi No.SK.PERS.2019.0857/DIRHC dated May 1,
No. SK.PERS.2019.0857/DIRHC tanggal 2019.
1 Mei 2019.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 30
Page 663
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES
Kebijakan akuntansi utama yang diterapkan dalam The principal accounting policies adopted in
penyusunan laporan keuangan konsolidasian Bank preparing the consolidated financial statements of
dan entitas anaknya adalah seperti dijabarkan di the Bank and subsidiaries are set out below:
bawah ini:
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian financial statements
Pernyataan Kepatuhan Statement of Compliance
Laporan keuangan konsolidasian untuk tahun The consolidated financial statements as of and
yang berakhir pada tanggal 31 Desember 2023 for the years ended December 31, 2023 and
dan 2022 disusun dan disajikan sesuai dengan 2022, were prepared and presented in
Standar Akuntansi Keuangan di Indonesia. accordance with Indonesian Financial
Accounting Standards.
Laporan keuangan konsolidasian juga disusun The consolidated financial statements have
dan disajikan sesuai dengan peraturan Badan also been prepared and presented in
Pengawas Pasar Modal dan Lembaga accordance with Capital Market and
Keuangan (“BAPEPAM-LK”) No. VIII.G.7 yang Financial Institution Supervisory Agency
merupakan lampiran Keputusan Ketua (“BAPEPAM-LK”) rule No. VIII.G.7, Attachment
BAPEPAM-LK No. KEP-347/BL/2012 tanggal to Decision of BAPEPAM-LK Chairman
25 Juni 2012 tentang "Penyajian dan No. KEP-347/BL/2012 dated June 25, 2012, on
Pengungkapan Laporan Keuangan Emiten atau the “Financial Statements Presentation and
Perusahaan Publik". Disclosure for Issuers or Public Companies”.
Unit Usaha Syariah (UUS) yang beroperasi Sharia Business Unit (UUS) which operates in
dalam bidang perbankan dengan prinsip banking industry with sharia principles is
syariah disajikan sesuai dengan PSAK presented in accordance to SFAS No. 101
No. 101 tentang “Penyajian Laporan Keuangan regarding “Sharia Financial Statements
Syariah”, PSAK No. 102 tentang “Akuntansi Presentation”, SFAS No. 102 regarding
Murabahah”, PSAK No. 104 tentang “Akuntansi “Murabahah Accounting”, SFAS No. 104
Istishna”, PSAK No. 105 tentang “Akuntansi regarding “Istishna’ Accounting”, SFAS
Mudharabah”, PSAK No. 106 tentang No. 105 regarding “Mudharabah Accounting”,
“Akuntansi Musyarakah” dan PSAK No. 107 SFAS No. 106 regarding “Musyarakah
tentang “Akuntansi Ijarah”, PSAK No. 110 Accounting” and SFAS No. 107 regarding
tentang “Akuntansi Sukuk”, PSAK No.111 “Ijarah Accounting”, SFAS No. 110 regarding
tentang “Wa’d” dan Pedoman Akuntansi “Sukuk Accounting”, SFAS No.111 regarding
Perbankan Syariah Indonesia (PAPSI) yang “Wa’d” and Guidelines for Indonesian Sharia
diterbitkan oleh Bank Indonesia dan Ikatan Bank Accounting (PAPSI) issued by Bank
Akuntan Indonesia (IAI). Indonesia and Indonesian Accountant
Association (IAI).
Laporan keuangan konsolidasian disusun The consolidated financial statements have
berdasarkan harga perolehan kecuali untuk been prepared under the historical cost
beberapa akun yang dinilai menggunakan convention except for certain accounts which
dasar pengukuran lain sebagaimana dijelaskan have been valued on another measurement
pada kebijakan akuntansi dari akun tersebut. basis as explained in the accounting policy for
Laporan keuangan konsolidasian disusun such accounts. The consolidated financial
dengan metode akrual kecuali laporan arus kas statements are prepared under the accrual
konsolidasian. basis of accounting, except the consolidated
statements of cash flows.
31 PT Bank Maybank Indonesia Tbk 2023 Annual Report 661
Page 664
662
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Bank menerapkan amandemen PSAK No. 2 Bank has applied amendment of SFAS No. 2
(Revisi 2016), “Laporan Arus Kas (Prakarsa (2016), ”Statement of Cashflows (Disclosure
Pengungkapan)” yang mengharuskan adanya Initiative)” which requires disclosure of changes
pengungkapan atas perubahan liabilitas yang in liability from funding activity, including
timbul dari aktivitas pendanaan, termasuk changes from cash flow as well as changes
perubahan yang timbul dari arus kas maupun from non cash. The consolidated statements of
perubahan non kas. Laporan arus kas cash flows were prepared based on the direct
konsolidasian disusun dengan menggunakan method with cash flows classified into cash
metode langsung dengan mengelompokkan flows from operating, investing and financing
arus kas dalam aktivitas operasi, investasi dan activities. For the purpose of the consolidated
pendanaan. Untuk tujuan laporan arus kas statements of cash flows, cash and cash
konsolidasian, kas dan setara kas mencakup equivalents include cash, current accounts with
kas, giro pada Bank Indonesia dan giro pada Bank Indonesia and other banks, placements
bank lain, penempatan pada Bank Indonesia with Bank Indonesia and other banks and
dan bank lain dan Sertifikat Bank Indonesia Certificates of Bank Indonesia maturing within
yang jatuh tempo dalam 3 (tiga) bulan dari 3 (three) months from the date of acquisition.
tanggal akuisisi.
Kas adalah mata uang kertas dan logam baik Cash represents currency bills and coins, both
Rupiah dan mata uang asing yang masih in Rupiah and foreign currencies, which are
berlaku sebagai alat pembayaran yang sah. valid as legal instruments of payment.
Kas yang telah ditentukan penggunaannya atau Predetermined cash or cash that cannot be
kas yang tidak dapat digunakan secara bebas used freely cannot be classified under cash.
tidak diklasifikasi dalam kas. Pengertian kas Cash also includes cash in vault, petty cash,
termasuk kas besar, kas kecil, kas ATM, kas ATM cash, cash in transit and currency
dalam perjalanan dan mata uang Rupiah dan withdrawn from circulation and still within the
mata uang asing yang ditarik dari peredaran grace period for exchange with Bank Indonesia
dan yang masih dalam tenggang waktu untuk or related country’s central bank.
penukaran ke Bank Indonesia atau bank sentral
negara yang bersangkutan.
Dalam penyusunan laporan keuangan The preparation of consolidated financial
konsolidasian sesuai dengan standar akuntansi statements in conformity with financial
keuangan di Indonesia, dibutuhkan estimasi accounting standards in Indonesia, requires the
dan asumsi yang mempengaruhi: use of estimates and assumptions that affect:
a. nilai aset dan liabilitas dilaporkan dan a. the reported amounts of assets and
pengungkapan atas aset dan liabilitas liabilities and disclosure of contingent
kontinjensi pada tanggal laporan keuangan assets and liabilities at the date of the
konsolidasian, consolidated financial statements,
b. jumlah pendapatan dan beban selama b. the reported amounts of revenues and
periode pelaporan. expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik manajemen atas kejadian management’s best knowledge of current
dan tindakan saat ini, hasil yang timbul mungkin events and activities, actual results may differ
berbeda dengan jumlah yang diestimasi from those estimates.
semula.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 32
Page 665
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Estimasi-estimasi dan asumsi-asumsi yang Estimates and assumptions are reviewed on an
digunakan ditelaah secara berkesinambungan. ongoing basis. Revisions to accounting
Revisi atas taksiran akuntansi diakui pada estimates are recognized in the period in which
periode dimana taksiran tersebut direvisi dan the estimates are revised and in any future
periode-periode yang akan datang yang period affected.
dipengaruhi oleh revisi estimasi tersebut.
Seluruh angka dalam laporan keuangan Figures in the consolidated financial statements
konsolidasian ini, kecuali dinyatakan lain, are rounded to and stated in millions of Rupiah
dibulatkan menjadi jutaan Rupiah. unless otherwise stated.
b. Akuntansi Bank dan entitas anak b. Bank and subsidiaries accounting
Laporan keuangan konsolidasian meliputi The consolidated financial statements include
laporan keuangan Bank beserta seluruh entitas the financial statements of the Bank and all
anak yang berada di bawah pengendalian subsidiaries that are controlled by the Bank.
Bank.
Dalam hal pengendalian terhadap entitas anak Where an entity either began or ceased to be
dimulai atau diakhiri dalam suatu tahun controlled during the year, the results of
berjalan, maka hasil usaha entitas anak yang operations of subsidiaries are included in the
diperhitungkan ke dalam laporan keuangan consolidated financial statements only from the
konsolidasian hanya sebatas hasil pada saat date that the control commenced or up to the
pengendalian tersebut mulai diperoleh atau date that control ceased.
hingga saat pengendalian atas entitas anak itu
berakhir.
Pengendalian didapat ketika Bank terekspos Control is acquired when Bank is exposed or
atau memiliki hak atas imbal hasil variabel dari has right to variable returns from its involvement
keterlibatannya dengan Entitas Anak dan with a Subsidiaries and has the ability to affect
memiliki kemampuan untuk mempengaruhi those returns through its power over a
imbal hasil tersebut melalui kekuasaannya atas Subsidiaries.
Entitas Anak.
Bank mengendalikan Entitas Anak Jika dan Bank control a Subsidiary if, and only if, Bank
hanya jika Bank memiliki hal berikut ini: has the following:
a) kekuasaan atas Entitas Anak (hak yang a) power over a Subsidiary (existing right that
ada saat ini yang memberi kemampuan kini provide the current ability to direct the
untuk mengarahkan aktivitas relevan yang relevant activities that significantly affect
secara signifikan mempengaruhi imbal returns of a Subsidiary);
hasil Entitas Anak);
b) eksposur atau hak atas imbal hasil variable b) exposure or right to variable returns from its
dari keterlibatannya dengan Entitas Anak; involvement with the Subsidiary; and
dan
c) kemampuan untuk menggunakan c) the ability to use its power over the
kekuasaannya atas Entitas Anak untuk Subsidiary to affect the amount of the
mempengaruhi jumlah imbal hasil Bank. Bank’s returns.
33 PT Bank Maybank Indonesia Tbk 2023 Annual Report 663
Page 666
664
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
b. Akuntansi Bank dan entitas anak (lanjutan) b. Bank and subsidiaries accounting
(continued)
Dalam mencatat akuisisi entitas anak The purchase method of accounting is used to
digunakan metode pembelian. Sebelum account for the acquisition of subsidiaries.
1 Januari 2011, biaya akuisisi diukur sebesar Before January 1, 2011, the cost of an
nilai wajar aset yang diserahkan, saham yang acquisition is measured as the fair value of the
diterbitkan atau liabilitas yang diambil alih pada assets given up, shares issued or liabilities
tanggal akuisisi, ditambah biaya yang berkaitan undertaken at the date of acquisition plus costs
secara langsung dengan akuisisi. Setelah directly attributable to the acquisition. After
1 Januari 2011, biaya transaksi, selain biaya January 1, 2011, transaction cost, excluding
yang berhubungan dengan penerbitan debt or equity instrument issuance cost, which
instrumen utang atau ekuitas yang ditanggung was borne by the Bank in relation with business
oleh Bank dengan kombinasi bisnis dibebankan combination, is charged to expense when
pada saat terjadinya. Kelebihan biaya akuisisi incurred. The excess of the cost of acquisition
atas nilai wajar aset neto entitas anak dicatat over the fair value of the net assets of the
sebagai goodwill (Catatan 2.q.i untuk kebijakan subsidiaries acquired is recorded as goodwill
akuntansi atas goodwill). (Note 2.q.i for the accounting policy on
goodwill).
Seluruh saldo dan transaksi antar perusahaan All significant inter-company balances and
yang signifikan termasuk keuntungan/kerugian transactions, including unrealized gain/loss, are
yang belum direalisasi, dieliminasi untuk eliminated in the consolidation to reflect the
mencerminkan posisi keuangan dan hasil financial position and results of operations of
usaha Bank dan entitas anak sebagai satu the Bank and subsidiaries as one business
kesatuan usaha. entity.
Laporan keuangan konsolidasian disusun The consolidated financial statements are
dengan menggunakan kebijakan akuntansi prepared using uniform accounting policy for
yang sama untuk peristiwa dan transaksi transactions and events in similar
sejenis dalam kondisi yang sama. Kebijakan circumstances. The accounting policies
akuntansi yang digunakan dalam laporan adopted in preparing the consolidated financial
keuangan konsolidasian, telah diterapkan statements have been consistently applied by
secara konsisten oleh entitas anak, kecuali bila the subsidiaries unless otherwise stated.
dinyatakan lain.
Kepentingan non-pengendali atas laba neto dan Non-controlling interest represents the minority
ekuitas entitas anak dinyatakan sebesar shareholders’ proportionate share in the net
proporsi pemegang saham minoritas atas laba income and equity of the subsidiaries, which is
neto dan ekuitas entitas anak tersebut sesuai presented based on the percentage of
dengan persentase kepemilikan pemegang ownership of the minority shareholders in the
saham minoritas pada entitas anak tersebut. subsidiaries.
c. Penjabaran mata uang asing c. Foreign currency translations
i. Mata uang penyajian i. Presentation currency
Laporan keuangan konsolidasian The consolidated financial statements are
dijabarkan dalam mata uang Rupiah, yang presented in Rupiah, which is the functional
merupakan mata uang fungsional Bank dan currency of the Bank and subsidiaries.
entitas anak.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 34
Page 667
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
c. Penjabaran mata uang asing (lanjutan) c. Foreign currency translations (continued)
ii. Transaksi dan saldo dalam mata uang asing ii. Transactions and balances in foreign
currency
Transaksi dalam mata uang asing Transactions denominated in foreign
dijabarkan ke mata uang Rupiah dengan currencies are converted into Rupiah using
menggunakan kurs yang berlaku pada the prevailing exchange rate at the
tanggal transaksi. Pada tanggal pelaporan, transaction date. Per reporting date,
aset dan liabilitas moneter dalam mata uang monetary assets and liabilities
asing dijabarkan ke mata uang Rupiah denominated in foreign currencies are
dengan menggunakan kurs yang berlaku converted into Rupiah using the prevailing
pada tanggal pelaporan tersebut. exchange rate at that date.
Keuntungan dan kerugian selisih kurs yang Exchange gains and losses arising on
timbul dari transaksi dalam mata uang asing transactions in foreign currency and on the
dan dari penjabaran aset dan liabilitas translation of foreign currency monetary
moneter dalam mata uang asing, diakui assets and liabilities are recognized in the
pada laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian, kecuali other comprehensive income, except when
apabila ditangguhkan pada ekuitas karena deferred in equity because meet criteria as
memenuhi kualifikasi/kriteria sebagai qualifying cash flow hedges.
lindung nilai arus kas (cash flow hedges).
Selisih penjabaran mata uang asing atas Translation differences on debt securities
efek utang dan aset moneter keuangan lain and other monetary financial assets
yang diukur berdasarkan nilai wajar dicatat measured at fair value are included in
sebagai bagian dari keuntungan dan foreign exchange gains and losses.
kerugian selisih kurs.
iii. Kantor cabang luar negeri iii. Overseas branches
Cabang Bank yang berkedudukan di luar Branches of the Bank domiciled outside of
negeri menyelenggarakan pembukuannya Indonesia maintain their accounting
dalam mata uang negara tempat records in their respective domestic
kedudukannya. currencies.
Untuk tujuan konsolidasian, laporan For consolidation purposes, the financial
keuangan kantor cabang luar negeri statements of overseas branches are
dijabarkan dalam Rupiah, dengan kurs translated into Rupiah, using these
sebagai berikut: following exchange rates:
Aset dan liabilitas serta komitmen dan Assets and liabilities, commitments and
kontinjensi menggunakan kurs spot contingencies at the Reuters spot rates
Reuters pukul 16.00 Waktu Indonesia at 16.00 Western Indonesian Time
Barat pada tanggal laporan posisi prevailing at the consolidated
keuangan konsolidasian; statement of financial position dates;
Pendapatan, beban, keuntungan dan Revenue, expenses, gains and losses
kerugian menggunakan rata-rata kurs at the average Reuters middle rates at
tengah Reuters pukul 16.00 Waktu 16.00 Western Indonesian Time during
Indonesia Barat yang berlaku selama the period of reporting;
periode laporan;
35 PT Bank Maybank Indonesia Tbk 2023 Annual Report 665
Page 668
666
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
c. Penjabaran mata uang asing (lanjutan) c. Foreign currency translations (continued)
iii. Kantor cabang luar negeri (lanjutan) iii. Overseas branches (continued)
Akun modal dijabarkan dengan Equity accounts are recorded using the
menggunakan kurs historis; dan historical rate; and
Selisih yang timbul dari proses The resulting translation adjustment is
penjabaran tersebut disajikan dalam presented in the consolidated
laporan posisi keuangan konsolidasian statements of financial position as part
pada sisi ekuitas dan pendapatan of the other comprehensive income and
komprehensif lainnya sebagai selisih kurs equity as a differences arising from the
karena penjabaran laporan keuangan translation of foreign currency financial
dalam mata uang asing. statements.
Berikut ini adalah kurs mata uang asing Below are the major exchange rates used
utama yang digunakan untuk penjabaran ke for translation to Rupiah as of
dalam Rupiah pada tanggal December 31, 2023 and 2022, using the
31 Desember 2023 dan 2022 yang Reuters middle rate (at 16.00 Western
menggunakan kurs tengah Reuters (Pukul Indonesia Time) (full amount of Rupiah):
16.00 Waktu Indonesia Barat) (Rupiah
penuh):
31 Desember/December 31
2023 2022
1 Dolar Amerika Serikat (USD)/Rp 15.397 15.568 United States Dollar 1/Rp
100 Yen Jepang (JPY)/Rp 10.888 11.781 Japanese Yen 100/Rp
1 Dolar Singapura (SGD)/Rp 11.676 11.593 Singapore Dollar 1/Rp
1 Euro Eropa (EUR)/Rp 17.038 16.582 European Euro 1/Rp
d. Aset dan liabilitas keuangan d. Financial assets and liabilities
i. Aset dan liabilitas keuangan i. Financial assets and liabilities
Aset keuangan diklasifikasikan sebagai aset Financial assets have classified as financial
keuangan yang diukur berdasarkan biaya assets measured at amortised cost, financial
perolehan diamortisasi, aset keuangan assets measured at fair value through other
diukur dengan nilai wajar melalui comprehensive income, and financial assets
penghasilan komprehensif lain, dan aset measured at fair value through profit or loss.
keuangan diukur dengan nilai wajar melalui
laporan laba rugi.
Sedangkan, liabilitas keuangan Meanwhile, financial liabilities are classified
diklasifikasikan sebagai liabilitas keuangan as financial liabilities measured at amortised
yang diukur berdasarkan biaya perolehan cost and financial liabilities measured at fair
diamortisasi dan liabilitas keuangan yang value through profit or loss.
diukur pada nilai wajar melalui laporan laba
rugi.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 36
Page 669
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran Recognition and Measurement
Klasifikasi aset keuangan menggunakan The classification of financial assets uses
pendekatan model bisnis dan karakteristik the business model approach and
arus kas kontraktual dari aset keuangan contractual cash flow characteristic of the
tersebut. Setelah pengakuan awal, aset financial assets. After initial, recognition,
keuangan diukur dengan biaya perolehan financial assets are measured at amortised
diamortisasi, nilai wajar melalui penghasilan cost, fair value through other comprehensive
komprehensif lain dan nilai wajar melalui income and fair value through profit or loss
laporan laba rugi berdasarkan pada model based on the business model adopted.
bisnis yang diadopsi.
Semua instrumen keuangan pada saat All financial instruments are measured
pengakuan awal diukur sebesar nilai initially at their fair value. In the case that
wajarnya. Dalam hal aset keuangan atau financial assets or financial liabilities are not
liabilitas keuangan tidak diukur pada nilai designated at fair value through profit or
wajar melalui laporan laba rugi, nilai wajar loss, the fair value should be added with
tersebut ditambah biaya transaksi yang attributable transaction costs directly from
dapat diatribusikan secara langsung dengan acquisition or issuance of financial assets or
perolehan atau penerbitan aset keuangan financial liabilities.
atau liabilitas keuangan tersebut.
Aset keuangan Financial assets
a) Aset keuangan yang diukur dengan a) Financial assets measured at amortised
biaya perolehan diamortisasi cost
Aset keuangan yang diukur dengan Financial assets measured at amortised
biaya perolehan diamortisasi adalah cost are financial assets that meet one of
aset keuangan yang memenuhi salah the conditions of financial assets
satu kondisi aset keuangan dikelola managed in a model business that aims
dalam model bisnis yang bertujuan untuk to have the financial assets in order to
memiliki aset keuangan dalam rangka obtain contractual cash flows, and the
mendapatkan arus kas kontraktual, dan contractual terms of financial assets on
persyaratan kontraktual dari aset the certain date increase cash flows
keuangan pada tanggal tertentu solely payments of principle and interest
meningkatkan arus kas semata dari “SPPI” (Solely Payment of Principal and
pembayaran pokok dan bunga “SPPI” Interest).
(Solely Payment of Principal and
Interest).
37 PT Bank Maybank Indonesia Tbk 2023 Annual Report 667
Page 670
668
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Aset keuangan (lanjutan) Financial assets (continued)
a) Aset keuangan yang diukur dengan a) Financial assets measured at amortised
biaya perolehan diamortisasi (lanjutan) cost (continued)
Pada saat pengakuan awal aset Financial assets measured at amortised
keuangan yang diukur dengan biaya cost are initially recognized at fair
perolehan diamortisasi dicatat sebesar value and subsequently measured at
nilai wajar, selanjutnya diukur pada biaya amortised cost using the effective
perolehan diamortisasi dengan interest rate (EIR) method, less
menggunakan metode suku bunga impairment. Amortised cost is calculated
efektif (EIR), dikurangi dengan by taking into account any discount or
penurunan nilai. Biaya perolehan premium on initial acquisition and
diamortisasi dihitung dengan fees/costs that are an integral part of the
memperhitungkan diskonto atau premi effective interest rate (EIR). The
pada awal akuisisi dan fee/biaya sebagai amortization and the losses arising from
bagian tidak terpisahkan dari suku bunga impairment of those financial assets are
efektif (EIR). Amortisasi dan kerugian recognized in the consolidated
yang timbul dari penurunan nilai aset statement of profit or loss and other
keuangan tersebut akan diakui dalam comprehensive income.
laporan laba rugi dan penghasilan
komprehensif lain konsolidasian.
Persyaratan penurunan nilai diterapkan Impairment requirements apply to
pada aset keuangan yang diukur dengan financial assets measured at amortised
biaya perolehan. cost.
b) Aset keuangan yang diukur pada nilai b) Financial assets measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain
Aset keuangan yang diukur nilai wajar Financial assets measured at fair value
melalui penghasilan komprehensif lain through other comprehensive income
adalah aset keuangan yang memenuhi are financial assets that meet one of the
salah satu kondisi aset keuangan conditions of financial assets managed
dikelola dengan model bisnis yang with a business model whose purpose
tujuannya akan terpenuhi dengan will be fulfilled by obtaining contractual
mendapatkan arus kas kontraktual dan cash flow and selling financial assets,
menjual aset keuangan, dan persyaratan and the contractual terms of the financial
kontraktual dari aset keuangan tersebut assets grant rights on a certain date for
memberikan hak pada tanggal tertentu cash flows solely payments of principal
atas arus kas yang semata dari and interest on the principal amount
pembayaran pokok dan bunga dari owed.
jumlah pokok terutang.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 38
Page 671
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Aset keuangan (lanjutan) Financial assets (continued)
b) Aset keuangan yang diukur pada nilai b) Financial assets meassured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain (lanjutan) (continued)
Pada saat pengakuan awal, aset Financial assets measured at fair value
keuangan yang diukur nilai wajar melalui through other comprehensive income
penghasilan komprehensif lain dicatat are initially recognized at fair value and
sebesar nilai wajar, selanjutnya diukur measured subsequently at fair value with
sebesar nilai wajar dengan keuntungan gains or losses arising from the changes
atau kerugian dari perubahan nilai wajar in fair value under other comprehensive
dalam pendapatan komprehensif income, except for impairment on
lainnya, kecuali kerugian penurunan nilai financial assets and foreign exchange
atas aset keuangan dan keuntungan gains or losses.
atau kerugian akibat perubahan kurs.
Persyaratan penurunan nilai diterapkan Impairment requirements apply to
pada aset keuangan yang diukur dengan financial assets measured at fair value
nilai wajar melalui laporan komprehensif through other comprehensive income.
lain.
c) Aset keuangan yang diukur pada nilai c) Financial asset measured at fair value
wajar melalui laporan laba rugi through profit or loss
Aset keuangan yang diukur nilai wajar Financial assets measured at fair value
melalui laporan laba rugi kecuali aset through profit or loss unless those
keuangan tersebut diukur dengan biaya financial assets are measured at
perolehan diamortisasi atau diukur pada amortized cost or measured at fair value
nilai wajar melalui penghasilan through other comprehensive income,
komprehensif lain, dan dimiliki dalam and are held in a business model for
model bisnis yang tujuannya untuk trading purposes.
diperdagangkan.
39 PT Bank Maybank Indonesia Tbk 2023 Annual Report 669
Page 672
670
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Aset keuangan (lanjutan) Financial assets (continued)
c) Aset keuangan yang diukur pada nilai c) Financial asset measured at fair value
wajar melalui laporan laba rugi (lanjutan) through profit or loss (continued)
Setelah pengukuran awal, aset After initial recognition, the financial
keuangan yang dikelompokkan dalam assets included in this category are
kategori ini diukur sebesar nilai measured at fair value, the unrealized
wajarnya, keuntungan atau kerugian gains or losses resulting from changes in
yang belum direalisasi akibat perubahan fair value are recognized in the
nilai wajar instrumen keuangan tersebut consolidated statement of profit or loss
diakui dalam laporan laba rugi dan and other comprehensive income as
penghasilan komprehensif lain “Increase/(decrease) in value of financial
konsolidasian sebagai “Kenaikan/ instruments”.
(penurunan) nilai instrumen keuangan”.
Biaya transaksi yang bisa diatribusikan Transaction costs directly attributable to
langsung pada perolehan aset keuangan the acquisition of financial assets
yang diklasifikasikan sebagai nilai wajar classified as fair value through profit or
melalui laporan laba rugi akan loss will be charged directly at the initial
dibebankan langsung pada saat measurement.
pengukuran awal.
Liabilitas keuangan Financial liabilities
Liabilitas keuangan setelah pengakuan awal Financial liabilities after initial recognition
diukur pada biaya perolehan diamortisasi are measured at amortized cost using the
dengan menggunakan metode suku bunga effective interest rate (EIR) method, except:
efektif (EIR), kecuali:
a. Liabilitas keuangan pada nilai wajar a. Financial liabilities at fair value through
melalui laporan laba rugi. Liabilitas profit or loss. These liabilities, including
tersebut, termasuk derivatif yang derivatives that are liabilities, will then be
merupakan liabilitas, selanjutnya akan measured at fair value.
diukur melalui nilai wajar.
b. Liabilitas yang timbul ketika pengalihan b. Liabilities that arise when the transfer of
aset keuangan yang tidak memenuhi financial assets that do not meet the
syarat penghentian pengakuan atau conditions for termination of recognition
ketika pendekatan keterlibatan or when a sustainable engagement.
berkelanjutan diterapkan.
c. Kontrak jaminan keuangan. c. Financial guarantee contract.
d. Komitmen untuk menyediakan kredit d. Commitment to providing loan or
atau pembiayaan dengan suku bunga financing at market interest rates.
pasar.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 40
Page 673
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Liabilitas keuangan setelah pengakuan awal Financial liabilities after initial recognition
diukur pada biaya perolehan diamortisasi are measured at amortized cost using the
dengan menggunakan metode suku bunga effective interest rate (EIR) method, except:
efektif (EIR), kecuali: (lanjutan) (continued)
e. Imbalan kontijensi yang diakui oleh pihak e. Contingency rewards recognized by the
pengakuisisi dalam kombinasi bisnis acquirer in the business combination
dimana PSAK No. 22 diterapkan. where SFAS No. 22 is applied.
Imbalan kontijensi selanjutnya diukur Contingent consideration is
pada nilai wajar dan selisihnya diakui subsequently measured at fair value and
dalam laporan laba rugi. the difference is recognized in the
income statement.
Jika diketahui bahwa beberapa instrumen If it is known that several financial
keuangan dibuat dari 2 (dua) elemen - instruments are made up of 2 (two) elements
komponen liabilitas dan komponen ekuitas, - the liability component and the equity
maka instrumen keuangan harus dipisahkan component, then the financial instrument
menjadi 2 (dua) komponen sebagai liabilitas should be separated into 2 (two)
keuangan dan yang lainnya sebagai components as financial liabilities and
instrumen ekuitas. others as equity instruments.
Instrumen ekuitas Equity instruments
a) Instrumen ekuitas yang diukur pada nilai a) Equity instruments measured at fair
wajar melalui laporan laba rugi value through profit or loss
Instrumen ekuitas harus diukur pada nilai Equity instruments should be measured
wajar melalui laporan laba rugi. Akan at fair value through profit or loss.
tetapi, Bank dapat menetapkan pilihan However, the Bank may decide
yang tidak dapat dibatalkan saat irrevocable choices upon initial
pengakuan awal atas investasi pada recognition of investments in certain
instrumen ekuitas tertentu yang pada equity instruments which are generally
umumnya diukur pada nilai wajar melalui measured at fair value through profit or
laba rugi sehingga perubahan nilai loss so that changes in fair value are
wajarnya disajikan dalam penghasilan presented in other comprehensive
komprehensif lain. income.
41 PT Bank Maybank Indonesia Tbk 2023 Annual Report 671
Page 674
672
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Instrumen ekuitas (lanjutan) Equity instruments (continued)
b) Instrumen ekuitas yang diukur pada nilai b) Equity instruments measured at fair
wajar melalui penghasilan komprehensif value through other comprehensive
lain income
Ketika pilihan untuk mengukur pada nilai When the choice to measure at fair value
wajar melalui penghasilan komprehensif through other comprehensive income is
lain dilakukan, setelah penghentian executed, after derecognition, gains and
pengakuan, keuntungan dan kerugian losses in other comprehensive income
dalam pendapatan komprehensif lain are not transferred to profit or loss
tidak dipindahkan ke laba atau rugi (without recycling).
(“without recycling”).
Namun, pendapatan dividen dari instrumen However, dividend income of equity
ekuitas harus diakui dalam laporan laba instrument should be recognised in the
rugi. income statement.
Penilaian Model Bisnis Business Model Assessment
Bank menentukan model bisnisnya pada The Bank determines its business model at
tingkat yang paling mencerminkan the level that best reflects how it manages
bagaimana Bank mengelola kelompok aset groups of financial assets to achieve its
keuangan untuk mencapai tujuan bisnisnya: business objective:
a. Risiko yang memengaruhi kinerja model a. The risks that affect the performance of
bisnis (dan aset keuangan yang dimiliki the business model (and the financial
dalam model bisnis itu) dan, khususnya assets held within that business model)
cara risiko itu dikelola. and, in particular, the way those risks are
managed.
b. Bagaimana manajer bisnis b. How managers of the business are
dikompensasi (misalnya, apakah compensated (for example, whether the
kompensasi didasarkan pada nilai wajar compensation is based on the fair value
dari aset yang dikelola atau pada arus of the assets managed or on the
kas kontraktual yang dikumpulkan). contractual cash flows collected).
Frekuensi, nilai, dan waktu penjualan yang The expected frequency, value and timing of
diharapkan juga merupakan aspek penting sales are also important aspect of the
dari penilaian Bank. Bank’s assessment.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 42
Page 675
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Penilaian Model Bisnis (lanjutan) Business Model Assessment (continued)
Penilaian model bisnis didasarkan pada The business model assessment is based
skenario yang diharapkan secara wajar on reasonably expected scenarios without
tanpa mempertimbangkan skenario ‘kasus taking ‘worst case’ or ‘stress case’ scenarios
terburuk’ atau ‘kasus stres’. Jika arus kas into account. If cash flows after initial
setelah pengakuan awal direalisasikan recognition are realised in a way that is
dengan cara yang berbeda dari harapan different from the Bank’s original
awal Bank, Bank tidak mengubah klasifikasi expectations, the Bank does not change the
aset keuangan yang tersisa dalam model classificaton of the remaining financial
bisnis tersebut, tetapi memasukan informasi assets held in that business model, but
tersebut ketika menilai aset keuangan yang incorporates such information when
baru diperoleh atau yang baru dibeli assessing newly originated or newly
kedepannya. purchased financial assets going forward.
Tes SPPI The SPPI Test
Sebagai langkah kedua dari proses As a second step of its classification
klasifikasi, Bank menilai persyaratan kontrak process, the Bank assesses the contractual
dari aset keuangan untuk mengidentifikasi terms of the financial assets to identify
apakah mereka memenuhi tes “SPPI” whether they meet the SPPI (Solely
(Solely Payment Of Principal and Interest). Payment of Principal and Interset) test.
Pokok untuk tujuan pengujian ini Principal for the purpose of this test is
didefinisikan sebagai nilai wajar dari aset defined as the fair value of the financial
keuangan pada pengakuan awal dan dapat assets at initial recognition and may change
berubah selama umur aset keuangan over the life of the financial asset (for
(misalnya, jika ada pembayaran pokok atau example, if there are repayments of principal
amortisasi premi/diskon). or amortization of the premium/discount).
Elemen bunga yang paling signifikan dalam The most significant elements of interests
pengaturan pinjaman biasanya adalah within a lending arrangement are typically
pertimbangan untuk nilai waktu dari uang the consideration for the time value of
dan risiko kredit. Untuk membuat penilaian money and credit risk. To make the SPPI
SPPI, Bank menerapkan penilaian dan assessment, the Bank applies judgement
mempertimbangkan faktor-faktor yang and considers relevant factors such as the
relevan seperti mata uang dimana aset currency in which the financial asset is
keuangan didenominasi, dan periode denominated, and the period for which the
dimana tingkat bunga ditetapkan. interest rate is set.
43 PT Bank Maybank Indonesia Tbk 2023 Annual Report 673
Page 676
674
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Tabel berikut menyajikan klasifikasi The following table presents classification of
instrumen keuangan Bank dan entitas anak financial instruments of the Bank and
berdasarkan karakteristik dari instrumen subsidiaries based on characteristic of
keuangan tersebut: those financial instruments:
Instrumen Keuangan Klasifikasi/Classification Financial Instruments
Aset keuangan: Financial assets:
Aset keuangan diukur pada biaya perolehan
diamortisasi/ Financial assets measured at
Kas amortised cost Cash
Aset keuangan diukur pada biaya perolehan
diamortisasi/ Current accounts with
Giro pada Bank Indonesia Financial assets measured at amortised cost Bank Indonesia
Aset keuangan diukur pada biaya perolehan
diamortisasi/ Current accounts with other
Giro pada bank lain Financial assets measured at amortised cost Banks
Penempatan pada Bank Aset keuangan diukur pada biaya perolehan
Indonesia dan bank diamortisasi/ Financial assets measured at Placements with Bank
lain amortised cost Indonesia and other banks
Aset keuangan diukur pada nilai wajar
melalui laporan laba rugi/
Efek-efek yang Financial assets measured at fair value
diperdagangkan through profit or loss Trading securities
Aset keuangan yang diukur pada biaya
perolehan diamortisasi, aset keuangan yang
diukur pada nilai wajar melalui penghasilan
komprehensif lain/
Financial assets measured at amortised cost,
Financial assets measured at fair value through
Investasi keuangan other comprehensive income Financial investments
Efek-efek yang dibeli Aset keuangan diukur pada biaya perolehan Securities purchased
dengan janji dijual diamortisasi/ under resale agreement
kembali Financial assets measured at amortised cost (reverse repo)
Aset keuangan diukur pada nilai wajar
melalui laporan laba rugi/Financial assets
Tagihan derivatif measured at fair value through profit or loss Derivatives receivable
Kredit yang diberikan dan Aset keuangan diukur pada biaya perolehan Loan and Sharia
piutang/pembiayaan diamortisasi/ receivables/financing
Syariah Financial assets measured at amortised cost
Aset keuangan diukur pada biaya perolehan
Piutang pembiayaan diamortisasi/ Consumer financing
konsumen Financial assets measured at amortised cost receivables
PT Bank Maybank Indonesia Tbk 2023 Annual Report 44
Page 677
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Instrumen Keuangan Financial Instruments
(lanjutan) Klasifikasi/Classification (continued)
Financial assets:
Aset keuangan: (lanjutan) (continued)
Aset keuangan diukur pada biaya perolehan
diamortisasi/
Tagihan akseptasi Financial assets measured at amortised cost Acceptances receivable
Aset keuangan diukur pada biaya perolehan
diamortisasi/
Piutang bunga Financial assets measured at amortised cost Interest receivable
Liabilitas keuangan: Financial liabilities:
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Liabilitas segera measured at amortized cost Obligations due immediately
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Simpanan nasabah measured at amortized cost Deposits from customers
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Simpanan dari bank lain measured at amortized cost Deposits from other banks
Efek-efek yang dijual Liabilitas keuangan yang diukur pada biaya
dengan janji dibeli perolehan diamortisasi/Financial liabilities Securities sold under
kembali measured at amortized cost repurchased agreements
Liabilitas keuangan yang diukur pada nilai wajar
melalui laporan laba rugi/Financial liabilities
Liabilitas derivatif measured at fair value through profit or loss Derivatives payable
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Liabilitas akseptasi measured at amortized cost Acceptances payable
Liabilitas keuangan yang diukur pada biaya
Surat berharga yang perolehan diamortisasi/Financial liabilities
diterbitkan measured at amortized cost Securities issued
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Pinjaman diterima measured at amortized cost Borrowings
Beban yang masih harus Liabilitas keuangan yang diukur pada biaya
dibayar dan liabilitas lain- perolehan diamortisasi/Financial liabilities Accrued expenses and
lain measured at amortized cost other liabilities
Liabilitas keuangan yang diukur pada biaya
Pinjaman dan obligasi perolehan diamortisasi/Financial liabilities Subordinated loan and
subordinasi measured at amortized cost bonds
45 PT Bank Maybank Indonesia Tbk 2023 Annual Report 675
Page 678
676
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Penghentian Pengakuan Derecognition
Bank dan entitas anak menghentikan The Bank and subsidiaries derecognizes a
pengakuan aset keuangan jika, dan hanya financial asset if, and only if, the contractual
jika, hak kontraktual untuk menerima arus rights to receive cash flows from the financial
kas yang berasal dari aset keuangan asset have expired; or the Bank and
tersebut berakhir; atau Bank dan entitas subsidiaries have transferred their rights to
anak mentransfer hak untuk menerima arus receive cash flows from the financial asset or
kas yang berasal dari aset keuangan atau have assumed an obligation to pay the
menanggung liabilitas untuk membayarkan received cash flows fully without material
arus kas yang diterima tersebut secara delay to a third party under a pass through
penuh tanpa penundaan berarti kepada arrangement; and either (a) the Bank and
pihak ketiga di bawah kesepakatan subsidiaries have transferred substantially
pelepasan (pass through arrangement); dan all the risks and rewards of the financial
(a) Bank dan entitas anak telah mentransfer asset, or (b) the Bank and subsidiaries have
secara substansial seluruh risiko dan neither transferred nor retained substantially
manfaat atas aset keuangan, atau (b) Bank all the risks and rewards of the asset, but
dan entitas anak tidak mentransfer maupun have transferred control of the asset.
tidak memiliki secara substansial seluruh
risiko dan manfaat atas aset, namun telah
mentransfer pengendalian atas aset
tersebut.
Liabilitas keuangan dihentikan A financial liability is derecognized when the
pengakuannya pada saat liabilitas obligation under the liability is discharged or
dihentikan atau dibatalkan atau berakhir. cancelled or expired.
Jika suatu liabilitas keuangan yang ada Where an existing financial liability is
digantikan dengan liabilitas yang lain oleh replaced by another liability from the same
pemberi pinjaman yang sama pada keadaan lender on substantially different terms, or
yang secara substansial berbeda, atau the terms of an existing liability are
berdasarkan suatu liabilitas yang ada yang substantially modified, such an exchange or
secara substansial telah diubah, maka modification is treated as derecognition of
pertukaran atau modifikasi tersebut the original liability and the recognition of a
diperlakukan sebagai penghentian new liability, and the difference in the
pengakuan liabilitas awal dan pengakuan respective carrying amounts is recognized
liabilitas baru, dan perbedaan nilai tercatat in the statement of profit or loss and other
masing-masing diakui dalam laporan laba comprehensive income.
rugi dan penghasilan komprehensif lain.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 46
Page 679
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Saling Hapus Offset
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities are
saling hapus dan nilai netonya dilaporkan offset and the net amount is reported in the
dalam laporan posisi keuangan consolidated statements of financial position
konsolidasian jika, dan hanya jika, saat ini if, and only if, there is currently an
terdapat hak yang berkekuatan hukum enforceable legal rights to offset the
untuk saling hapus jumlah keduanya dan recognized amounts and there is an
terdapat intensi untuk diselesaikan secara intention to either settle on a net basis, or to
neto, atau untuk merealisasikan aset dan realize the assets and settle the liabilities
menyelesaikan liabilitas secara bersamaan. simultaneously.
Hal yang berkekuatan hukum harus tidak The legally enforceable right must not be
kontinjen atas peristiwa di masa depan dan contingent on future events and must be
harus dapat dipaksakan di dalam situasi enforceable in the normal course of
bisnis yang normal, peristiwa kegagalan business and in the event of default,
atau kebangkrutan dari entitas atas seluruh insolvency or bankruptcy of the company or
pihak lawan. the counterparty.
Pendapatan dan beban disajikan secara Income and expenses are presented on a
neto hanya ketika diperbolehkan oleh net basis only when permitted by accounting
standar akuntansi. standards.
Tidak terdapat saldo atas aset keuangan There are no outstanding financial assets
dan liabilitas keuangan yang tunduk and financial liabilities which are subject
pada perjanjian saling hapus atau dalam to enforceable master netting arrangements
bentuk perjanjian sejenis per tanggal or similar agreements as of December 31,
31 Desember 2023 dan 2022. 2023 and 2022.
Nilai Wajar Fair Value
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received
untuk menjual suatu aset atau harga yang to sell an asset or paid to transfer a liability
akan dibayar untuk mengalihkan suatu in an orderly transaction between market
liabilitas dalam transaksi teratur antara participants at the measurement date under
pelaku pasar pada tanggal pengukuran current market conditions.
dengan kondisi pasar saat ini.
47 PT Bank Maybank Indonesia Tbk 2023 Annual Report 677
Page 680
678
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Nilai Wajar (lanjutan) Fair Value (continued)
Bank menggunakan teknik penilaian yang Bank uses valuation techniques appropriate
sesuai dengan keadaan dan dimana data in the circumstances and for which sufficient
yang memadai tersedia untuk mengukur data are available to measure fair value,
nilai wajar, memaksimalkan penggunaan maximising the use of relevant observable
input yang dapat diobservasi yang relevan input and minimising the use of
dan meminimalkan penggunaan input yang unobservable input.
tidak dapat diobservasi.
Seluruh instrumen keuangan yang diukur All financial instruments measured at fair
pada nilai wajar dikategorikan sesuai value are categorized according to the
dengan hirarki berikut: following hierarchy:
Tingkat 1: harga kuotasian (tanpa Level 1: quoted prices (unadjusted) in
penyesuaian) di pasar aktif aset atau active markets for identical asset or
liabilitas yang identik. liabilities.
Tingkat 2: teknik lain atas semua input Level 2: other techniques for which all
yang memiliki efek signifikan terhadap inputs which have a significant effect on
nilai wajar yang tercatat dapat the recorded fair value are observable,
diobservasi, baik secara langsung either directly or indirectly.
maupun tidak langsung.
Tingkat 3: teknik yang menggunakan Level 3: techniques which use input that
input yang memiliki pengaruh signifikan have a significant effect on the recorded
terhadap nilai wajar yang tercatat yang fair value that are not based on
tidak berdasarkan data pasar yang observable market data.
dapat diobservasi.
Reklasifikasi Instrumen Keuangan Reclassification of Financial Instruments
Reklasifikasi aset keuangan diizinkan jika Reclassification of financial assets is
(dan hanya jika) Bank dan entitas anak permissible when (and only when) the Bank
melakukan perubahan pada model bisnis and its subsidiaries make changes to the
untuk mengatur aset keuangannya, namun business model to manage their financial
Bank dan entitas anak harus mereklasifikasi assets, but the Bank and subsidiaries must
semua aset keuangan yang terdampak reclassify all affected financial assets
dengan model bisnis yang baru. following the new business model.
Reklasifikasi harus diterapkan secara Reclassifications should be applied
prospektif dari ‘tanggal reklasifikasi’, yang prospectively from 'the date of
didefinisikan sebagai, ‘hari pertama dari reclassification', which is defined as, 'the
periode pelaporan pertama setelah first day of the first reporting period after the
perubahan model bisnis yang menghasilkan change in the business model that results in
reklasifikasi aset keuangan’. Oleh karena the reclassification of financial assets'.
itu, semua keuntungan, kerugian atau Therefore, all previously recognized gains,
bunga yang sebelumnya diakui tidak perlu losses or interest need not be restated.
disajikan kembali.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 48
Page 681
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Reklasifikasi Instrumen Keuangan (lanjutan) Reclassification of Financial Instruments
(continued)
Jika terdapat peristiwa penjualan atas If there is a sales event on the portfolio with
portfolio dengan model bisnis ‘Hold’, dimana the 'Hold' business model, where the Bank
Bank dan entitas anak tidak mampu and its subsidiaries are unable to ensure
memastikan bahwa peningkatan kegiatan that the increase in sales activity is a result
penjualan adalah sebagai akibat dari of changes in the business model,
perubahan dalam model bisnis, maka adjustments/corrections of the previous
penyesuaian/koreksi laporan tahun year's report may be needed to correct
sebelumnya mungkin diperlukan untuk errors.
memperbaiki kesalahan.
Bank dan entitas anak tidak diperkenankan Bank and subsidiaries are not permitted to
untuk mereklasifikasi liabilitas keuangan. reclassify financial liabilities.
Perubahan berikut ini adalah bukan The following changes are not
merupakan reklasifikasi: a reclassification:
a. Item yang sebelumnya telah ditetapkan a. Items previously designated and
dan efektif sebagai instrumen lindung effective as hedging instruments in
nilai pada lindung nilai arus kas atau cash flow hedges or net investment
lindung nilai investasi neto, namun tidak hedges, but no longer meet such
lagi memenuhi kualifikasi seperti itu; qualifications;
b. Item yang kemudian ditetapkan dan b. The items are then designated and
efektif sebagai instrumen lindung nilai effective as hedging instruments in
dalam lindung nilai arus kas atau cash flow hedges or net investment
lindung nilai investasi neto, dan hedges, and
c. Perubahan dalam pengukuran ketika c. Changes in measurement when the
Bank memilih opsi untuk menetapkan Bank chooses the option to set credit
eksposur kredit sebagai diukur pada exposures as measured at fair value
nilai wajar melalui laporan laba rugi. through profit or loss.
Persyaratan untuk reklasifikasi aset Requirement for financial assets
keuangan: reclassification:
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at amortised cost
pada biaya perolehan diamortisasi ke aset to financial assets measured at fair value
keuangan yang diukur pada nilai wajar through profit or loss with requirement of
melalui laporan laba rugi dengan measure fair value at reclassification date.
persyaratan nilai wajarnya diukur pada Gain and losses arising from the difference
tanggal reklasifikasi. Keuntungan dan between previous amortised cost and fair
kerugian yang timbul dari selisih antara value of the financial assets are recognised
biaya perolehan diamortisasi sebelumnya in profit and loss.
dan nilai wajar aset keuangan diakui dalam
laba rugi.
49 PT Bank Maybank Indonesia Tbk 2023 Annual Report 679
Page 682
680
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Reklasifikasi Instrumen Keuangan (lanjutan) Reclassification of Financial Instruments
(continued)
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada nilai wajar melalui laporan laba rugi ke through profit or loss to financial assets
aset keuangan yang diukur pada biaya measured at amortised cost with
perolehan diamortisasi dengan persyaratan requirement of fair value at the
nilai wajar pada tanggal reklasifikasi menjadi reclassification date becomes the new gross
jumlah tercatat bruto yang baru. carrying amount.
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at amortised cost
pada biaya perolehan diamortisasi ke aset to financial assets measured at fair value
keuangan yang diukur pada nilai wajar through other comprehensive income with
melalui penghasilan komprehensif lainnya requirement of measure fair value at
dengan persyaratan nilai wajarnya diukur classification date. Gain and losses arising
pada tanggal reklasifikasi. Keuntungan dan from the difference between previous
kerugian yang timbul dari selisih antara amortised cost and fair value of the financial
biaya perolehan diamortisasi sebelumnya assets are recognised in other
dan nilai wajar aset keuangan diakui dalam comprehensive income.
penghasilan komprehensif lain.
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada nilai wajar melalui penghasilan through other comprehensive income to
komprehensif lain ke aset keuangan yang financial assets measured at amortised cost
diukur pada biaya perolehan diamortisasi with requirement of cumulative gain or loss
dengan persyaratan keuntungan dan previously recognised in other
kerugian kumulatif yang sebelumnya diakui comprehensive income is removed from
dalam penghasilan komprehensif lain equity and applied against the fair value of
dihapus dari ekuitas dan disesuaikan the financial assets at the reclassification
terhadap nilai wajar dari aset keuangan date.
pada tanggal reklasifikasi.
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada nilai wajar melalui laporan laba rugi ke through profit or loss to financial assets
aset keuangan yang diukur pada measured at fair value through other
penghasilan komprehensif lain dengan comprehensive income with requirement of
persyaratkan aset keuangan tetap diukur financial asset continuous to be measured
pada nilai wajarnya, tetapi selanjutnya at fair value but subsequent gain and losses
keuntungan dan kerugian diakui di are recognised in other comprehensive
penghasilan komprehensif lain, bukan di income rather than profit and loss.
laba rugi.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 50
Page 683
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Reklasifikasi Instrumen Keuangan (lanjutan) Reclassification of Financial Instruments
(continued)
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada penghasilan komprehensif lain ke aset through other comprehensive income to
keuangan yang diukur pada nilai wajar financial assets measured at fair value
melalui laporan laba rugi dengan through profit or loss with requirement of
persyaratan aset keuangan tetap diukur financial asset continuous to be recognised
pada nilai wajarnya dan keuntungan dan at fair value and the cumulative gain or loss
kerugian kumulatif yang sebelumnya diakui previously recognised in other
di penghasilan komprehensif lain di comprehensive income is reclassified from
reklasifikasi dari ekuitas ke laba rugi sebagai equity to profit and loss.
penyesuaian reklasifikasi.
Bank dan entitas anak melakukan penilaian Bank and subsidiaries reassess the
kembali terhadap model bisnis setiap business model each reporting period to
periode pelaporan untuk menentukan determine whether there has been change
apakah ada perubahan model bisnis dari in the business model from previous period.
periode sebelumnya.
Perubahan pada model bisnis sangat jarang Changes to the business model are very
terjadi, tetapi jika terjadi perubahan harus rare, but if the changes occur must be
ditentukan oleh manajemen senior Bank determined by senior management of the
dan entitas anak sebagai akibat dari Bank and subsidiaries as a result of external
perubahan eksternal atau internal, signifikan or internal changing, significant to the Bank
terhadap operasional Bank dan entitas and subsidiaries’ operational, and could be
anak, dan bisa dibuktikan pada pihak proven to external parties. In line with this,
eksternal. Sejalan dengan hal tersebut, changes in the business model of the Bank
perubahan pada model bisnis Bank dan and subsidiaries will occur only if the Bank
entitas anak akan terjadi hanya jika Bank and subsidiaries start and stop to carrying
dan entitas anak memulai dan berhenti out significant activity to their operating
untuk melaksanakan aktivitas yang activity.
signifikan terhadap kegiatan operasinya.
Berikut ini bukan merupakan perubahan The following are not considered to be
dalam model bisnis: changes in the business model:
a. Perubahan intensi berkaitan dengan a. Changes in intention related to certain
aset keuangan tertentu (termasuk financial assets (including in conditions
dalam kondisi terjadi perubahan of significant changes to market
signifikan terhadap kondisi pasar). conditions).
b. Hilangnya suatu pasar secara b. Temporary disappearance of a market
sementara untuk aset keuangan. of financial assets.
c. Pengalihan aset keuangan antar bagian c. Transfer of financial assets between
dari entitas dengan model bisnis yang parts of an entity with a different
berbeda. business model.
51 PT Bank Maybank Indonesia Tbk 2023 Annual Report 681
Page 684
682
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Giro Wajib Minimum e. The Minimum Statutory Reserve
Pada tanggal 29 Maret 2018, Bank Indonesia On March 29, 2018, Bank Indonesia issued PBI
mengeluarkan PBI No. 20/3/PBI/2018 tentang No. 20/3/PBI/2018 on The Minimum Statutory
Giro Wajib Minimum dalam Rupiah dan Valuta Reserve in Rupiah and Foreign Currency for
Asing bagi Bank Umum Konvensional, Bank Conventional Commercial Banks, Sharia
Umum Syariah dan Unit Usaha Syariah. Commercial Banks and Sharia Business Units.
Berdasarkan kebijakan tersebut, Bank Based on the regulations, Bank Indonesia
Indonesia memperkenalkan instrumen presented new policy instruments, as follow:
kebijakan baru, yaitu: - Primary GWM became GWM
- GWM Primer menjadi GWM GWM consists of GWM Rupiah and
GWM terdiri dari GWM Rupiah dan Valas. Foreign Currency. GWM is a minimum
GWM adalah simpanan minimum yang reserve that should be maintained by the
wajib dipelihara oleh Bank, dalam bentuk Bank, in the form of current accounts with
saldo Rekening Giro pada Bank Indonesia. Bank Indonesia.
- GWM Sekunder menjadi Penyangga - Secondary GWM became Macroprudential
Likuiditas Makroprudensial (PLM) Liquidity Buffer (PLM)
PLM adalah cadangan likuiditas minimum PLM is a minimum liquidity reserves that
yang wajib dipelihara oleh Bank, berupa should be maintained by Bank, in the form
Sertifikat Bank Indonesia, Sertifikat of Bank Indonesia Certificates, Bank
Deposito Bank Indonesia dan Surat Indonesia Deposit Certificates and
Berharga Negara yang besarnya Treasury Bills which is determined by Bank
ditetapkan oleh Bank Indonesia sebesar Indonesia at certain percentage of the
persentase tertentu dari Dana Pihak Ketiga Bank’s Third Party Fund.
(“DPK”) Bank.
- LFR menjadi Rasio Intermediasi - LFR became Macroprudential
Makroprudensial (RIM) Intermediation Ratio (RIM)
RIM merupakan rasio hasil perbandingan RIM is comparation ratio between loans
antara kredit yang diberikan dan surat and corporate bonds owned by the Bank
berharga korporasi yang dimiliki Bank yang which fulfill the requirements of the Bank’s
memenuhi persyaratan terhadap dana TPF and securities issued by the Bank
pihak ketiga Bank dan surat berharga yang which fulfill the requirements.
diterbitkan Bank yang memenuhi
persyaratan.
- GWM LFR menjadi GWM RIM - LFR GWM became RIM GWM
GWM RIM sebesar hasil perkalian antara RIM GWM requirement is the multiplication
Parameter Disinsentif Bawah atau between Lower Disincentive Parameter
Parameter Disinsentif Atas, selisih antara and Upper Disincentive Parameter, the
RIM Bank dan Target RIM, serta DPK difference between Bank RIM and RIM
Rupiah dengan memperhatikan selisih Target, and Rupiah TPF considering the
antara KPMM Bank dan KPMM Insentif. difference between Bank’s CAR and
Incentive CAR.
PBI tersebut mulai berlaku pada tanggal The regulation was effective on July 16, 2018,
16 Juli 2018, kecuali ketentuan pemenuhan except the regulation regarding daily and
kewajiban GWM dalam valuta asing bagi BUK average Minimum Statutory Reserve in foreign
secara harian dan rata-rata serta ketentuan currency and daily and average Minimum
pemenuhan kewajiban GWM dalam Rupiah Statutory Reserve in Rupiah for Sharia
secara harian dan rata-rata dan GWM dalam Commercial Banks and Sharia Business Units
valuta asing bagi BUS dan UUS yang mulai which would be effective on October 1, 2018.
berlaku pada tanggal 1 Oktober 2018.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 52
Page 685
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Giro Wajib Minimum (lanjutan) e. The Minimum Statutory Reserve (continued)
Berdasarkan Rapat Dewan Gubernur Following Board of Governor of Bank Indonesia
Bank Indonesia pada tanggal 29 Maret 2019, Meeting on March 29, 2019, Bank Indonesia
Bank Indonesia mengeluarkan Peraturan issued Board of Governor Member Regulation
Anggota Dewan Gubernur (PADG) No (PADG) No 21/5/PADG/2019 on “The Third
21/5/PADG/2019 tentang “Perubahan Ketiga Amendment of PADG No 20/11/PADG/2018
atas PADG No 20/11/PADG/2018 tanggal 31 dated May 31, 2018 on RIM and PLM for
Mei 2018 tentang RIM dan PLM bagi Bank Conventional Commercial Bank, Sharia
Umum Konvensional, Bank Umum Syariah dan Commercial Bank and Sharia Business Unit”.
Unit Usaha Syariah”.
Perubahan utama dalam Perubahan Ketiga The main changes in the Third Change of
PADG RIM dan PLM meliputi: PADG RIM and PLM covers:
- Penyesuaian besaran batas bawah Target - Change of lower limit RIM Target from 80%
RIM dari 80% menjadi 84% dan batas atas to become 84% and upper limit RIM Target
Target RIM dari 92% menjadi 94%. from 92% to become 94%.
- Penyesuaian besaran batas bawah Target - Change of lower limit Sharia RIM Target
RIM Syariah dari 80% menjadi 84% dan from 80% to become 84% and upper limit
batas atas Target RIM Syariah dari Sharia RIM Target from 92% to become
92% menjadi 94%. 94%.
Penyesuaian tersebut telah diberlakukan pada The amendment has been effective on July 1,
tanggal 1 Juli 2019 dan pengenaan sanksi 2019 and the penalty related to the changes of
terkait perubahan batas bawah dan batas atas upper and lower limit RIM and Sharia RIM
target RIM dan target RIM Syariah, mulai target will be effective on October 1, 2019.
berlaku pada tanggal 1 Oktober 2019.
Pada tanggal 24 Maret 2020, Bank Indonesia On March 24, 2020, Bank Indonesia issued PBI
mengeluarkan PBI No 22/3/PBI/2020 tentang No 22/3/PBI/2020 on The Amendment of Bank
Perubahan atas Peraturan Bank indonesia No Indonesia Regulation No 20/3/PBI/2018 on The
20/3/PBI/2018 tentang Giro Wajib Minimum Minimum Statutory Reserve in Rupiah and
dalam Rupiah dan Valuta Asing Bagi Bank Foreign Currency for Conventional Commercial
Umum Konvensional, Bank Umum Syariah dan Banks, Sharia Commercial Banks and Sharia
Unit Usaha Syariah. Berdasarkan peraturan Business Units. Based on the regulation, Bank
tersebut, Bank Indonesia mengatur mengenai Indonesia regulates the authority to grant
kewenangan pemberian kelonggaran atas relaxation of daily GWM Rupiah requirement for
kewajiban pemenuhan GWM dalam rupiah Conventional Commercial Banks, Sharia
yang wajib dipenuhi secara harian untuk Bank Commercial Banks and Sharia Business Units
Umum Konvensional, Bank Umum Syariah dan in relation to the macroprudential policies. The
Unit Usaha Syariah dalam rangka kebijakan regulation regarding the relaxation of daily
makroprudensial. Adapun pengaturan GWM Rupiah requirement will be covered in
mengenai pemberian kelonggaran kewajiban other PBI regarding incentives for bank related
pemenuhan GWM tersebut akan diatur dalam to macroprudential policies. This PBI was
PBI lain tentang insentif bagi bank untuk effective on March 26, 2020.
kebijakan makroprudensial. PBI ini mulai
berlaku pada tanggal 26 Maret 2020.
Pada tanggal 28 Juli 2020, Bank Indonesia On July 28, 2020, Bank Indonesia issued PBI
mengeluarkan PBI No. 22/10/PBI/2020 tentang No. 22/10/PBI/2020 on the Second Amendment
Perubahan Kedua atas PBI No. 20/3/PBI/2018 of PBI No. 20/3/PBI/2018 on The Minimum
tentang Giro Wajib Minimum dalam Rupiah dan Statutory Reserve in Rupiah and Foreign
Valuta Asing bagi Bank Umum Konvensional, Currency for Conventional Commercial Banks,
Bank Umum Syariah dan Unit Usaha Syariah. Sharia Commercial Banks and Sharia Business
Units.
53 PT Bank Maybank Indonesia Tbk 2023 Annual Report 683
Page 686
684
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Giro Wajib Minimum (lanjutan) e. The Minimum Statutory Reserve (continued)
Perubahannya meliputi sebagai berikut: The amendments are as follow:
- Pemberian kewenangan Bank Indonesia - Authorization to Bank Indonesia to provide
untuk memberikan jasa giro kepada BUK. current account service to Conventional
Commercial Banks.
- Pengaturan lebih lanjut mengenai besaran - Further regulation regarding the amount of
bagian tertentu dari pemenuhan kewajiban certain portion of the fulfillment of GWM in
GWM dalam Rupiah yang diberikan jasa Rupiah for which current account service
giro, tingkat suku bunga jasa giro dan tata are provided, interest rate for current
cara pemberian jasa giro dalam PADG. account service and procedure for
providing current account service in PADG.
- Pengaturan bahwa penempatan GWM bagi - Regulation that GWM placement for Sharia
BUS dan UUS menggunakan prinsip wadi’ah Commercial Banks and Sharia Business
yad amanah khusus. Units uses a principle of particular wadi’ah
yad amanah.
- Pemberian kewenangan Bank Indonesia - Authorization of Bank Indonesia to provide
untuk memberikan insentif GWM berupa GWM incentives in the form of granting
pemberian (‘athaya) sesuai prinsip syariah (‘athaya) in accordance with sharia
kepada BUS dan UUS. principle to Sharia Commercial Banks and
Sharia Business Units.
- Pemberian insentif GWM berupa pemberian - GWM incentives in the form of granting
(‘athaya) sesuai prinsip syariah kepada BUS (‘athaya) in accordance with sharia
dan UUS diberikan secara sukarela oleh principle to Sharia Commercial Banks and
Bank Indonesia. Sharia Business Units are provided
voluntarily by Bank Indonesia.
- Pengaturan lebih lanjut tentang pemberian - Further regulation regarding the provision
insentif GWM berupa pemberian (‘athaya) of GWM incentives in the form of granting
dalam PADG. (‘athaya) is in PADG.
Perubahan tersebut telah diberlakukan pada The amendment has been effective since
tanggal 1 Agustus 2020. August 1, 2020.
Berdasarkan Rapat Dewan Gubernur Following Board of Governor of Bank Indonesia
Bank Indonesia pada tanggal 29 Juli 2020, Meeting on July 29, 2020, Bank Indonesia
Bank Indonesia mengeluarkan Peraturan issued Board of Governor Member Regulation
Anggota Dewan Gubernur (PADG) (PADG) No. 22/19/PADG/2020 on The Sixth
No. 22/19/PADG/2020 tentang Perubahan Amendment of PADG No. 20/10/PADG/2018
Keenam atas PADG No. 20/10/PADG/2018 on Minimum Statutory Reserve Requirement in
tentang Giro Wajib Minimum Dalam Rupiah dan Rupiah and Foreign Currency for Conventional
Valuta Asing Bagi Bank Umum Konvensional, Commercial Banks, Sharia Commercial Banks
Bank Umum Syariah dan Unit Usaha Syariah. and Sharia Business Units.
Perubahannya meliputi sebagai berikut: The amendments are as follow:
- Pengaturan mengenai kewenangan BI dalam - Regulation regarding BI authority in
memberi jasa giro bagi BUK. providing current account service to
Conventional Commercial Banks.
- Pengaturan mengenai kewenangan BI dalam - The regulation regarding BI authority in
memberi insentif GWM berupa pemberian providing GWM incentives in the form of
(‘athaya) bagi BUS dan UUS. granting (‘athaya) for Sharia Commercial
Banks and Sharia Business Unit.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 54
Page 687
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Giro Wajib Minimum (lanjutan) e. The Minimum Statutory Reserve (continued)
Perubahan tersebut telah diberlakukan pada The amendment has been effective since
tanggal 1 Agustus 2020. August 1, 2020.
Berdasarkan Rapat Dewan Gubernur Bank Following Board of Governor of Bank Indonesia
Indonesia pada tanggal 31 Desember 2021, Meeting on December 31, 2021, Bank Indonesia
Bank Indonesia mengeluarkan PADG No. issued PADG No. 23/31/PADG/2021 regarding
23/31/PADG/2021 tentang Perubahan the Fourth Amendment of PADG No.
Keempat atas PADG No. 21/22/PADG/2019 21/22/PADG/2019 regarding RIM and PLM for
tentang RIM dan PLM bagi BUK, BUS dan UUS. BUK, BUS and UUS. This PADG has been
PADG ini berlaku sejak 3 Januari 2022. effective since January 3, 2022.
Pada tanggal 25 Februari 2022, Bank Indonesia On February 25, 2022, Bank Indonesia issued
mengeluarkan PBI No. 24/4/PBI/2022 tentang PBI No.24/4/PBI/2022 on The Fourth
Perubahan Keempat atas PBI No. Amendment of PBI No. 20/3/PBI/2018 on
20/3/PBI/2018 tentang Giro Wajib Minimum Minimum Statutory Reserve in Rupiah and
dalam Rupiah dan Valuta Asing bagi BUK, BUS Foreign Currency for BUK, BUS and UUS. The
dan UUS. Perubahan dalam peraturan ini change in this regulation is related to the
terkait pelonggaran atas kewajiban pemenuhan relaxation of GWM requirement in rupiah for
GWM dalam rupiah yang dapat diberikan BUK, BUS and UUS for daily and/or average
kepada BUK, BUS dan UUS atas pemenuhan GWM Rupiah requirement according to the
GWM dalam rupiah secara harian dan/atau Bank Indonesia macroprudential policy
secara rata-rata berdasarkan pertimbangan consideration. This PBI has been effective
kebijakan makroprudensial Bank Indonesia. since March 1, 2022.
PBI ini berlaku sejak 1 Maret 2022.
Berdasarkan Rapat Dewan Gubernur Bank Following Board of Governor of Bank Indonesia
Indonesia pada tanggal 1 Juli 2022, Bank Meeting on July 1, 2022, Bank Indonesia issued
Indonesia mengeluarkan PADG No. PADG No. 24/8/PADG/2022 regarding
24/8/PADG/2022 tentang Peraturan Implementation Regulation of Minimum
Pelaksanaan Pemenuhan Giro Wajib Minimum Reserve Requirement Fulfillment in Rupiah and
dalam Rupiah dan Valuta Asing bagi BUK, BUS Foreign Currencies for BUK, BUS and UUS.
dan UUS.
Perubahan pengaturan dalam PADG ini The amendments in this PADG are as follow:
meliputi:
- Kewajiban minimum GWM Rupiah untuk - GWM Rupiah minimum requirement for BUK
BUK naik menjadi 7,5% mulai 1 Juli 2022 increase to become 7.5% starting July 1,
dan 9,0% mulai 1 September 2022; 2022 and 9.0% starting September 1, 2022;
- Kewajiban minimum GWM Rupiah untuk - GWM Rupiah minimum requirement for BUS
BUS dan UUS naik 6,0% mulai 1 Juli 2022 and UUS increase to become 6.0% starting
dan 7,5% mulai 1 September 2022. July 1, 2022 and 7.5% starting September 1,
2022;
- Pemberian remunerasi terhadap - Remuneration for the fulfillment of GWM
pemenuhan kewajiban GWM requirement.
PADG ini berlaku sejak 1 Juli 2022. Pada saat This PADG has been effective since July 1,
PADG ini berlaku, PADG No. 20/10/PADG/2018 2022. When this PADG is effective, PADG No.
yang diubah terakhir dengan PADG No. 20/10/PADG/2018 which was last amended in
24/3/PADG/2022 dicabut. PADG N0. 24/3/PADG/2022 is revoked.
55 PT Bank Maybank Indonesia Tbk 2023 Annual Report 685
Page 688
686
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Giro Wajib Minimum (lanjutan) e. The Minimum Statutory Reserve (continued)
Berdasarkan Rapat Dewan Gubernur Bank Following Board of Governor of Bank Indonesia
Indonesia pada tanggal 1 November 2022, Meeting on November 1, 2022, Bank Indonesia
Bank Indonesia mengeluarkan PADG No. issued PADG No. 24/14/PADG/2022 on the
24/14/PADG/2022 tentang Perubahan Kelima Fifth Amendment of PADG No.
atas PADG No. 21/22/PADG/2019 tentang RIM 21/22/PADG/2019 regarding RIM and PLM for
dan PLM bagi BUK, BUS dan UUS. Perubahan Conventional Commercial Banks, Sharia
pengaturan dalam PADG ini meliputi Commercial Banks and Sharia Business Units.
pelonggaran target RIM atau RIM Syariah bagi The amendment of regulations in this PADG are
Bank tertentu, pengecualian pemenuhan target relaxation of RIM or Sharia RIM target for certain
RIM atau RIM Syariah dan PLM atau PLM Banks, the exception for target fulfillment of RIM
Syariah untuk Bank tertentu, penyesuaian or Sharia RIM and PLM or Sharia PLM for
sumber data dan penyempurnaan pengaturan certain Banks, data source adjustment and the
pemenuhan dan penghentian pemenuhan RIM update on the regulation regarding fulfillment
atau RIM Syariah dan/atau PLM atau PLM and termination of fulfillment for RIM or Sharia
Syariah. Peraturan ini telah berlaku sejak 31 RIM and/or PLM or Sharia PLM. This regulation
Oktober 2022. has been effective since October 31, 2022.
Pada tanggal 24 Maret 2023, PADG No. 2 On March 24, 2023, PADG No. 2 Year 2023 on
Tahun 2023 tentang Perubahan atas PADG No The Amendment of PADG No. 24/8/PADG/2022
24/8/PADG/2022 tentang Peraturan regarding Implementation Regulation of
Pelaksanaan Pemenuhan GWM dalam Rupiah Minimum Reserve Requirement Fulfillment in
dan Valuta Asing Bagi BUK, BUS dan UUS Rupiah and Foreign Currencies for BUK, BUS
ditetapkan. Pada PADG tersebut, terdapat and UUS. In the PADG, there is amendment in
perubahan besaran insentif makroprudensial the macroprudential incentive from previously
dari sebelumnya paling banyak 2% menjadi 2% at the maximum to become 2.8%. This
2,8%. Peraturan ini telah berlaku efektif sejak 1 regulation has been effective since April 1,
April 2023. 2023.
f. Giro pada bank lain dan Bank Indonesia f. Current accounts with other banks and
Bank Indonesia
Giro pada bank lain dan Bank Indonesia setelah Subsequent to initial recognition, current
perolehan awal dinilai sebesar biaya perolehan accounts with other banks and Bank Indonesia
diamortisasi dengan menggunakan metode are measured at their amortized cost using the
suku bunga efektif (EIR). effective interest rate (EIR) method.
Pada setiap tanggal pelaporan, Bank dan At each reporting date, Bank and subsidiaries
entitas anak mengukur penyisihan kerugian measures allowance for expected credit losses
kredit ekspektasian menggunakan metodologi using impairment methodology as disclosed in
penurunan nilai sebagaimana diungkapkan Note 2o.
dalam Catatan 2o.
g. Penempatan pada Bank Indonesia dan bank g. Placements with Bank Indonesia and other
lain banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain merupakan penanaman dana dalam bentuk banks consist of call money, fixed term
call money, penempatan fixed term, deposito placements, time deposits, Deposits Facilities
berjangka, Fasilitas Simpanan Bank Indonesia of Bank Indonesia (FASBI), Sharia Deposits
(FASBI), Fasilitas Simpanan Bank Indonesia Facilities of Bank Indonesia (FASBIS) and
Syariah (FASBIS) dan lain-lain. others.
Penempatan pada Bank Indonesia dinyatakan Placements with Bank Indonesia are stated at
sebesar saldo penempatan dikurangi dengan the outstanding balances, less unearned
pendapatan bunga yang ditangguhkan. interest income.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 56
Page 689
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
g. Penempatan pada Bank Indonesia dan bank g. Placements with Bank Indonesia and other
lain (lanjutan) banks (continued)
Pada awal transaksi penempatan pada bank Placements with other banks are initially
lain dinilai berdasarkan nilai wajar ditambah measured at fair value plus incremental direct
biaya transaksi tambahan langsung, jika ada, transaction cost, if any, and subsequently
dan selanjutnya diukur sebesar biaya perolehan measured at their amortized cost using the
diamortisasi dengan menggunakan metode effective interest rate (EIR) method.
suku bunga efektif (EIR).
Pada setiap tanggal pelaporan, Bank dan At each reporting date, Bank and subsidiaries
entitas anak mengukur penyisihan kerugian measures allowance for expected credit losses
kredit ekspektasian menggunakan metodologi using impairment methodology as disclosed in
penurunan nilai sebagaimana diungkapkan Note 2o.
dalam Catatan 2o.
h. Efek-efek yang diperdagangkan h. Trading securities
Efek-efek yang diperdagangkan terdiri dari Trading securities comprise of Government
Surat Utang Negara dan Surat Perbendaharaan Promissory Notes and State Treasury Notes,
Negara yang dikategorikan aset keuangan yang that are classified as financial assets measured
diukur pada nilai wajar melalui laporan laba at fair value through profit or loss.
rugi.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from the
direalisasi akibat kenaikan atau penurunan nilai increase or decrease in fair value are
wajar disajikan dalam laporan laba rugi dan recognized in the current year consolidated
penghasilan komprehensif lain konsolidasian statements of profit or loss and other
tahun berjalan. Pendapatan bunga dari efek comprehensive income. The interest income
utang dicatat dalam laporan laba rugi sesuai from debt securities is recorded in the
dengan persyaratan dalam kontrak. Atas statements of profit or loss according to the
penjualan portofolio efek yang diperdagangkan, terms of the contract. Upon sale of trading
selisih antara harga jual dengan harga securities portfolio, the difference between the
perolehan diakui sebagai keuntungan atau selling price and the purchase price is
kerugian penjualan pada tahun dimana efek recognized as a gain or loss in the year when
tersebut dijual. the securities are sold.
Tidak ada penyisihan kerugian kredit No loss allowance for expected credit losses is
ekspektasian yang diakui untuk aset keuangan recognized for financial asset measured at fair
yang diukur pada nilai wajar melalui laporan value through profit or loss.
laba rugi.
i. Investasi keuangan i. Financial investments
Investasi keuangan merupakan investasi pada Financial investments represent investments in
efek-efek yang dikategorikan sebagai diukur marketable securities classified as either,
pada biaya perolehan diamortisasi atau diukur measured at amortised cost or fair value
pada nilai wajar melalui penghasilan through other comprehensive income,
komprehensif lain, penyertaan saham dan investment in shares and receivable from
tagihan atas wesel ekspor. export bills.
57 PT Bank Maybank Indonesia Tbk 2023 Annual Report 687
Page 690
688
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
i. Investasi keuangan (lanjutan) i. Financial investments (continued)
Setelah pengakuan awal, investasi keuangan After the initial recognition, financial
dalam instrumen hutang yang diklasifikasikan investments in debt instrument classified as
sebagai diukur pada biaya perolehan measured at amortised cost and receivables
diamortisasi dan tagihan atas wesel ekspor from export bills are measured at amortized
diukur sebesar biaya perolehan diamortisasi cost using the effective interest rate (EIR)
dengan menggunakan metode suku bunga method. Investment in sukuk at acquisition cost
efektif (EIR). Investasi pada sukuk yang diukur is measured at amortized cost using the
pada harga perolehan diukur sebesar biaya straight- line method. Financial investments in
perolehan yang diamortisasi dengan debt instrument classified as fair value through
menggunakan metode garis lurus. Investasi other comprehensive income securities are
keuangan dalam instrumen hutang yang stated at fair value. Unrealized gains or losses
dikategorikan diukur pada nilai wajar melalui from the increase or decrease in fair value, net
penghasilan komprehensif lain dinyatakan of tax, are recognized and presented as an
sebesar nilai wajar. Keuntungan atau kerugian equity component. When the investment is
yang belum direalisasikan dari kenaikan atau disposed of, the cummulative gain or loss, net
penurunan nilai wajar, setelah pajak, diakui dan of tax, previously recognized in other
disajikan sebagai komponen ekuitas. Ketika comprehensive income is recognized in the
investasi tersebut dihapus, keuntungan dan consolidated statement of profit or loss and
kerugian kumulatif setelah pajak, yang other comprehensive income. The losses
sebelumnya diakui di pendapatan komprehensif arising from impairment of such investments are
lainnya, diakui dalam laporan laba rugi dan recognized in the consolidated statement of
penghasilan komprehensif lain konsolidasian. profit or loss and other comprehensive income
Kerugian yang timbul dari penurunan nilai pada and removed from other comprehensive
investasi tersebut diakui dalam laporan laba rugi income.
dan penghasilan komprehensif lain
konsolidasian dan dikeluarkan dari pendapatan
komprehensif lainnya.
Premi dan/atau diskonto diamortisasi sebagai Premium and/or discount is amortized and
pendapatan bunga dengan menggunakan reported as interest income using the effective
metode suku bunga efektif (EIR). interest rate (EIR) method.
Jika Bank mereklasifikasi investasi keuangan If the Bank reclassifies financial investments
dari kategori pengukuran biaya perolehan from the amortised cost to a fair value through
diamortisasi menjadi kategori pengukuran nilai other comprehensive income, its fair value is
wajar melalui komprehensif lain, nilai wajarnya measured on the reclassification date. Gains or
diukur pada tanggal reklasifikasi. Keuntungan losses arising from the difference between the
atau kerugian yang timbul dari selisih antara previous amortised cost and fair value are
biaya perolehan diamortisasi sebelumnya dan recognized in other comprehensive income.
nilai wajar diakui dalam penghasilan Effective interest rates and measurement of
komprehensif lain. Suku bunga efektif dan expected credit loss are not adjusted as a result
pengukuran kerugian kredit ekspektasian tidak of reclassification. The Bank must reassess its
disesuaikan sebagai akibat dari reklasifikasi. business model in each reporting period to
Bank harus melakukan penilaian kembali determine whether there is a change in the
terhadap model bisnisnya pada setiap periode model from the previous period.
pelaporan untuk menentukan apakah ada
perubahan model dari periode sebelumnya.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 58
Page 691
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
i. Investasi keuangan (lanjutan) i. Financial investments (continued)
Pada setiap tanggal pelaporan, Bank mengukur At each reporting date, Bank measure
penyisihan kerugian kredit ekspektasian allowance for expected credit losses using
menggunakan metodologi penurunan nilai impairment methodology as disclosed in Note
sebagaimana diungkapkan dalam Catatan 2o. 2o.
Berdasarkan Peraturan Otoritas Jasa Based on Financial Services Authority
Keuangan POJK No. 22 Tahun 2022, tentang Regulation POJK No. 22 Year 2022,
Kegiatan Penyertaan Modal oleh Bank Umum, concerning the Equity Participation Activities of
penyertaan modal oleh Bank dalam bentuk Banks, capital participation by the Bank in the
saham hanya dapat dilakukan untuk investasi form of shares can only be done for long-term
jangka panjang dan tidak dimaksudkan untuk investment and is not intended to buy and sell
jual beli saham. Karena itu semua investasi shares. Therefore all Bank investments in the
Bank dalam bentuk penyertaan saham form of equity participation are classified as Fair
diklasifikasikan sebagai Diukur pada Nilai Wajar at Fair Value through Other Comprehensive
melalui Penghasilan Komprehensif Lain Income (FVOCI).
(FVOCI).
Keuntungan atau kerugian yang belum Unrealized gains or losses from the increase or
direalisasikan dari kenaikan atau penurunan decrease in fair value of investment in share are
nilai wajar penyertaan diakui dan disajikan recognized and presented as an equity
sebagai komponen ekuitas dan setelah component, and after derecognition, gains and
penghentian pengakuan, keuntungan dan losses in other comprehensive income are not
kerugian dalam pendapatan komprehensif lain transffered to profit or loss (without recycling).
tidak dipindahkan ke laba atau rugi (“without
recycling”).
Tidak ada penyisihan kerugian kredit No loss allowance for expected credit losses is
ekspektasian yang diakui untuk penyertaan recognized for investment in shares.
saham.
Efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
(reverse repo) diakui sebesar harga jual (reverse repo) are recognized as a repo
kembali efek yang bersangkutan dikurangi receivable in the amount of the resale price of
pendapatan bunga yang belum diamortisasi. the related securities, less unamortized interest
Selisih antara harga beli dengan harga jual income. The difference between purchase price
diperlakukan sebagai pendapatan bunga yang and the selling price is treated as unamortized
belum diamortisasi dan diakui sebagai interest income and is recognized as interest
pendapatan bunga selama jangka waktu sejak income over the period commencing from the
tanggal akuisisi hingga tanggal dijual kembali acquisition date to the resale date using the
dengan menggunakan metode suku bunga Effective Interest Rate (EIR) method.
efektif (EIR).
59 PT Bank Maybank Indonesia Tbk 2023 Annual Report 689
Page 692
690
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
j. Efek yang dibeli dengan janji dijual kembali j. Securities purchased under resale
(Reverse Repo) dan efek yang dijual dengan agreement (Reverse Repo) and securities
janji dibeli kembali (Repo) sold under repurchased agreement (Repo)
Efek yang dijual dengan janji dibeli kembali Securities sold under repurchased agreements
(repo) diakui sebesar harga pembelian kembali (repo) are recognized at the agreed repurchase
yang disepakati dikurangi beban bunga yang price less unamortized interests expense. The
belum diamortisasi. Beban bunga yang belum unamortized interest expense represents the
diamortisasi merupakan selisih antara harga difference between the selling price and the
jual dan harga beli kembali yang disepakati dan agreed repurchase price and is recognized as
diakui sebagai beban bunga selama jangka interest expense during the period from the sale
waktu sejak efek dijual hingga dibeli kembali of securities to the date of repurchase by using
dengan menggunakan metode suku bunga Effective Interest Rate (EIR) method. The
efektif. Efek yang dijual tetap dicatat sebagai securities sold are recorded as assets on the
aset dalam laporan posisi keuangan consolidated statements of financial position
konsolidasian karena secara substansi because in substance the ownership of the
securities remains with the Bank as the seller.
kepemilikan efek tetap berada pada pihak Bank
sebagai penjual.
Beban bunga diamortisasi dengan Interest expense is amortized by using EIR
menggunakan metode suku bunga efektif. method.
Pada setiap tanggal pelaporan Bank mengukur At each reporting date, Bank measure
penyisihan kerugian kredit ekspektasian allowance for expected credit losses using
menggunakan metode penurunan nilai impairment methodology as disclosed in Note
sebagaimana diungkapkan dalam Catatan 2o. 2o.
k. Instrumen keuangan derivatif k. Derivative financial instruments
Keuntungan atau kerugian dari kontrak derivatif Gain or loss on a derivative contract not
yang tidak ditujukan untuk lindung nilai (atau designated as a hedging instrument (or
tidak memenuhi kriteria untuk dapat derivative contract that does not qualify as a
diklasifikasikan sebagai lindung nilai) diakui pada hedging instrument) is recognized in the current
laporan laba rugi dan penghasilan komprehensif year consolidated statement of profit or loss
lain konsolidasian tahun berjalan. and other comprehensive income.
Derivatif melekat tidak lagi dipisahkan dari Embedded derivatives are no logger separated
kontrak utama non derivatif yang merupakan from their host non-derivatives contract which
aset keuangan. Bank dan entitas anak are financial asset. The Bank and subsidiaries
mengklasifikasikan aset keuangan secara classify financial assets as a whole based on
keseluruhan berdasarkan model bisnis dan the business model and their contractual term
jangka waktu kontraktualnya sebagaimana as outlined in Note 2d.
diungkapkan dalam Catatan 2d.
Seluruh instrumen derivatif (termasuk transaksi All derivatives instruments (including foreign
valuta asing untuk tujuan pendanaan dan exchange transactions for financing and
perdagangan) dicatat dalam laporan posisi trading) are recognized in the consolidated
keuangan konsolidasian berdasarkan nilai statements of financial position at fair value.
wajarnya. Nilai wajar tersebut ditentukan The fair value is based on the market rate,
berdasarkan harga pasar, kurs Reuters pada Reuters exchange rate at consolidated
tanggal pelaporan laporan posisi keuangan statements of financial position date,
konsolidasian, diskonto arus kas, model discounted cash flows, option pricing models or
penentu harga opsi atau harga yang diberikan broker quoted price on other instruments with
oleh broker (quoted price) atas instrumen similar characteristics.
lainnya yang memiliki karakteristik serupa.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 60
Page 693
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
l. Kredit yang diberikan dan l. Loans and Sharia receivables/financing
piutang/pembiayaan Syariah
Setelah pengakuan awal, kredit yang diberikan After initial recognition, loans are measured at
ke nasabah diukur pada biaya perolehan amortized cost using the effective interest rate
diamortisasi menggunakan metode suku bunga (EIR) method less allowance for impairment
efektif (EIR) dikurangi cadangan kerugian losses. The amortised cost of loan is the
penurunan nilai. Biaya perolehan atas kredit amount at which the loan is measured at initial
yang diberikan diamortisasi dihitung dengan recognition minus principal repayments, plus or
memperhitungkan nilai kredit pada saat minus the cumulative amortization using the
pengakuan awal dikurangi pembayaran pokok, effective interest rate (EIR) method of any
ditambah atau dikurangi dengan amortisasi difference between that initial amount and the
kumulatif menggunakan metode suku bunga maturity amount, and minus any reduction for
efektif (EIR) yang dihitung dari selisih antara impairment or uncollectibility. The amortization
nilai awal dan nilai jatuh temponya, dikurangi is recognized in the consolidated statement of
penurunan untuk penurunan nilai atau nilai profit or loss and other comprehensive income.
yang tidak dapat ditagih. Amortisasi tersebut Allowance for impairment is calculated if there
diakui pada laporan laba rugi dan penghasilan is an objective evidence of impairment using
komprehensif lain konsolidasian. Cadangan the impairment methodology as disclosed in
kerugian atas penurunan nilai dilakukan bila Note 2o.
terdapat bukti objektif penurunan nilai dengan
menggunakan metodologi penurunan nilai
sebagaimana diungkapkan dalam Catatan 2o.
Kredit sindikasi, kredit dalam rangka Syndicated loans, joint financing and
pembiayaan bersama dan penerusan kredit channelling loans are stated at the loan
(channelling) dinyatakan sebesar pokok kredit principal amount based on the risk participation
sesuai dengan porsi risiko yang ditanggung by the Bank and subsidiaries.
oleh Bank dan entitas anak.
Kredit yang diberikan di dalamnya termasuk Loans include murabahah receivables, istishna
piutang murabahah, piutang istishna, receivables, mudharabah financing,
pembiayaan mudharabah, musyarakah dan musyarakah financing and ijarah.
ijarah.
Murabahah adalah akad jual beli barang Murabahah is an agreement for the sale and
dengan harga jual sebesar biaya perolehan purchase of goods with sales price equivalent
ditambah dengan keuntungan (margin) yang to cost plus margin, and the seller should inform
disepakati dan penjual harus mengungkapkan the purchase price to the buyer.
biaya perolehan barang tersebut kepada
pembeli.
Istishna adalah akad jual beli dalam bentuk Istishna is an agreement for the sale and
pemesanan pembuatan barang tertentu dengan purchase based on order to develop certain
kriteria dan persyaratan tertentu yang disepakati goods with certain criteria and agreed terms
antara pembeli (mustashni) dan penjual (shani). between buyer (mustashni) and seller (shani).
Mudharabah adalah kontrak kerjasama usaha Mudharabah is a commercial cooperation
antara pemilik dana (shahibul maal) dengan contract between the owner of funds (shahibul
pengelola dana (mudharib) berdasarkan rasio maal) and a fund manager (mudharib) based on
pendapatan atau keuntungan dan kerugian a predetermined ratio of revenue or profit and
yang telah ditentukan sebelumnya. loss sharing.
61 PT Bank Maybank Indonesia Tbk 2023 Annual Report 691
Page 694
692
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
l. Kredit yang diberikan dan l. Loans and Sharia receivables/financing
piutang/pembiayaan Syariah (lanjutan) (continued)
Musyarakah adalah akad kerjasama antara Musyarakah is an agreement between the
para pemilik modal (mitra musyarakah) untuk investors (musyarakah partner) to combine
menggabungkan modal dan melakukan usaha capital and have a joint-venture in a partnership
secara bersama dalam suatu kemitraan, with nisbah or profit and loss sharing based on
dengan nisbah atau pembagian keuntungan an agreement or with the proportionate capital
dan kerugian sesuai perjanjian atau proporsi contribution.
kontribusi modal.
Ijarah adalah akad sewa menyewa antara Ijarah is a lease agreement between the lessee
pemilik (objek sewa) dan penyewa untuk and the lessor in order to gain income/fee from
mendapatkan imbalan atas objek yang the leased assets.
disewakan.
Pembiayaan mudharabah dan musyarakah Mudharabah and musyarakah financing are
dinyatakan dalam laporan posisi keuangan stated in the consolidated statements of
konsolidasian sebesar saldo pembiayaan financial position at financing balance less
dikurangi dengan cadangan kerugian allowance for impairment losses. The
penurunan nilai. Piutang murabahah dan murabahah receivables and istishna are
istishna disajikan dalam laporan posisi presented in the consolidated statements of
keuangan konsolidasian sebesar nilai neto financial position at the net realizable amount
yang dapat direalisasi, yaitu saldo piutang as the receivables balance less a deferred
dikurangi margin ditangguhkan dan cadangan margin and an allowance for impairment
kerugian penurunan nilai. losses.
Restrukturisasi Kredit Loan Restructuring
Restrukturisasi kredit meliputi modifikasi Loan restructuring may involve a modification
persyaratan kredit, konversi kredit menjadi of the terms of the loans, conversion of loans
saham atau instrumen keuangan lainnya into equity or other financial instruments and/or
dan/atau kombinasi dari keduanya. a combination of both.
Keuntungan/kerugian yang timbul dari Gain/losses on loan restructuring in respect of
restrukturisasi kredit yang berkaitan dengan modification of the terms of the loans are
modifikasi persyaratan kredit hanya diakui bila recognized only if the cash value of total future
nilai tunai penerimaan kas masa depan yang cash receipt specified in the new terms of the
telah ditentukan dalam persyaratan kredit yang loans, including both receipt designated as
baru, termasuk penerimaan yang diperuntukan interest and those designated as loan principal,
sebagai bunga maupun pokok, adalah lebih are greater or less than the recorded amounts
besar atau kecil dari nilai kredit yang diberikan of loans before restructuring.
yang tercatat sebelum restrukturisasi.
Untuk restrukturisasi kredit bermasalah dengan For loan restructuring which involve a
cara konversi kredit yang diberikan menjadi conversion of loans into equity or other financial
saham atau instrumen keuangan lainnya, instruments, a loss on loan restructuring is
kerugian dari restrukturisasi kredit diakui hanya recognized only if the fair value of the equity or
apabila nilai wajar penyertaan saham atau other financial instruments received, reduced by
instrumen keuangan yang diterima dikurangi estimated costs to sell the equity or other
estimasi biaya untuk menjualnya atau financial instruments, is less than the carrying
instrumen keuangan lainnya adalah kurang dari value of loan.
nilai tercatat kredit yang diberikan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 62
Page 695
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
m. Tagihan dan liabilitas akseptasi m. Acceptances receivable and acceptances
payable
Dalam kegiatan bisnis yang dijalankan, Bank In the ordinary course of business, the Bank
memberikan jaminan keuangan, seperti letters provides financial guarantees, consisting of
of credit, bank garansi dan akseptasi. letters of credit, bank guarantees and
acceptances.
Tagihan akseptasi diukur pada biaya perolehan Acceptances receivable are measured at
diamortisasi menggunakan metode suku bunga amortized cost using the effective interest rate
efektif (EIR), dikurangi oleh cadangan kerugian (EIR) method, less allowance for impairment
penurunan nilai. Liabilitas akseptasi diukur losses. Acceptances payable are measured at
pada biaya perolehan diamortisasi amortized cost by using the effective interest
menggunakan metode suku bunga efektif (EIR). rate (EIR) method.
Bank mengukur penyisihan kerugian Bank measure allowances for expected credit
ekspektasian dengan menggunakan losses by using the impairment methodology as
metodologi penurunan nilai sebagaimana disclosed in Note 2o.
diungkapkan dalam Catatan 2o.
Bank hanya membentuk cadangan kerugian Bank calculate allowance of impairment losses
penurunan nilai apabila terdapat indikasi if there is a objective evidence of impairment.
penurunan nilai.
n. Piutang pembiayaan konsumen n. Consumer financing receivables
Piutang pembiayaan konsumen disajikan Consumer financing receivables are presented
setelah dikurangi dengan bagian yang dibiayai net of amounts financed by banks relating to the
bank-bank sehubungan dengan transaksi cooperation transactions in the form of loan
kerjasama penerusan pinjaman dan channeling and joint financing, unearned
pembiayaan bersama, pendapatan consumer financing income and allowance for
pembiayaan konsumen yang belum diakui dan impairment losses.
cadangan kerugian penurunan nilai.
Berdasarkan perjanjian kerjasama pembiayaan Based on consumer joint financing agreements
bersama konsumen tanpa jaminan (without without recourse, the subsidiary only presents
recourse), entitas anak hanya menyajikan porsi the portion of the total installments receivable
jumlah angsuran piutang yang dibiayai entitas financing by the subsidiary (net approach). The
anak (pendekatan neto). Pendapatan consumer financing income is presented net of
pembiayaan konsumen disajikan setelah amounts of the banks’ rights on such income
dikurangi dengan bagian yang merupakan hak relating to the transactions. For consumer joint
bank-bank dalam rangka transaksi tersebut. financing agreements with recourse, consumer
Untuk pembiayaan bersama konsumen dengan financing receivables represent all consumers’
jaminan (with recourse), piutang pembiayaan installments and the total facilities financed by
konsumen merupakan seluruh jumlah angsuran creditors are recorded as liability (gross
dari pelanggan dan kredit yang disalurkan oleh approach).
penyedia dana dicatat sebagai liabilitas
(pendekatan bruto).
63 PT Bank Maybank Indonesia Tbk 2023 Annual Report 693
Page 696
694
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
n. Piutang pembiayaan konsumen (lanjutan) n. Consumer financing receivables
(continued)
Pendapatan pembiayaan konsumen yang Unearned income on consumer financing,
belum diakui, yang merupakan selisih antara which is the excess of the aggregate installment
jumlah seluruh pembayaran angsuran yang payments to be received from the consumer
akan diterima dari konsumen dengan jumlah over the principal amount financed, is
pokok pembiayaan konsumen, diakui sebagai recognized as income over the term of the
pendapatan sesuai dengan jangka waktu respective agreement using the effective
kontrak pembiayaan konsumen interest rate method.
berdasarkan tingkat suku bunga efektif piutang
pembiayaan konsumen.
Selisih neto antara pendapatan administrasi The net difference between the administration
yang diperoleh dari konsumen pada saat income earned from the consumer at the first
pertama kali perjanjian pembiayaan konsumen time the financing agreement is signed and
ditandatangani dan biaya-biaya yang timbul initial direct costs related to consumer financing
pertama kali yang terkait langsung dengan facility is deferred and presented as part of
kredit pembiayaan konsumen ditangguhkan “Consumer Financing Receivables” in the
dan disajikan sebagai bagian dari “Piutang consolidated statements of financial position
Pembiayaan Konsumen” pada laporan posisi and recognized as an adjustment to the yield
keuangan konsolidasian dan diakui sebagai received throughout the consumer financing
penyesuaian atas imbal hasil selama periode period using effective interest rate method and
pembiayaan konsumen berdasarkan tingkat presented as a part of “Net Consumer
suku bunga efektif dan disajikan sebagai bagian Financing Receivables Revenue” under interest
dari “Pendapatan Pembiayaan Konsumen - income in the consolidated statement of profit
Neto” pada pendapatan bunga dalam laporan or loss and other comprehensive income for the
laba rugi dan penghasilan komprehensif lain current year.
konsolidasian tahun berjalan.
Cadangan kerugian kredit ekspektasian Allowance for expected credit losses is
dihitung menggunakan metodologi penurunan calculated using the impairment methodology
nilai sebagaimana diungkapkan dalam Catatan as disclosed in Note 2o.
2o.
Termasuk dalam piutang pembiayaan Included in consumer financing receivables are
konsumen adalah piutang pembiayaan murabahah financing receivables.
murabahah.
Akad murabahah secara substansi merupakan Substantially, murabahah contract is a
suatu pembiayaan, sehingga pengakuan margin financing, so that margin recognition is based
dilakukan berdasarkan standar yang mengatur on standards which regulate financing, as
pembiayaan, seperti yang disebutkan dalam mentioned in consumer financing policy.
kebijakan pembiayaan konsumen.
Piutang yang tak tertagih dihapuskan Receivables are written-off when they are
berdasarkan evaluasi manajemen entitas anak deemed to be uncollectible based on
dan setelah menunggak masing-masing lebih subsidiary’s management evaluation and when
dari 210 (dua ratus sepuluh) hari dan 180 they are overdue for more than 210 (two
(seratus delapan puluh) hari untuk WOM dan hundred and ten) days and 180 (one hundred
MIF. Penerimaan dari piutang yang telah and eighty) days for WOM and MIF,
dihapusbukukan diakui sebagai pendapatan respectively. Collection of receivables
lain-lain pada saat terjadinya. previously written-off is recognized as other
income at the time of occurrence.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 64
Page 697
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan assets
Penurunan nilai aset keuangan Impairment of financial assets
Pada setiap tanggal pelaporan, Bank mengukur At each reporting date, Bank measures the
penyisihan kerugian penurunan nilai instrumen Allowance of impairment losses on financial
keuangan sejumlah kredit ekspektasian instruments over their lifetime expectancy, if the
sepanjang umurnya, jika risiko kredit atas credit risk of the financial instrument has
instrumen keuangan tersebut telah meningkat increased significantly since initial recognition.
secara signfikan sejak pengakuan awal. Jika If at the reporting date, the credit risk of the
pada tanggal pelaporan, risiko kredit atas financial instrument has not increased
instrumen keuangan tidak meningkat secara significantly since initial recognition, the entity
signifikan sejak pengakuan awal, entitas measures the allowance of impairment losses
mengukur penyisihan kerugian untuk instrumen for the financial instrument in the amount of the
keuangan tersebut sejumlah kerugian expected 12-month loss. The aforementioned
ekspektasian 12 bulan. Kerugian dimaksud losses represent expected loan losses arising
merepresentasikan kerugian kredit
from financial instrument defaults that may
ekspektasian yang timbul dari peristiwa gagal
occur 12 months after the reporting date.
bayar instrumen keuangan yang mungkin terjadi
dalam 12 bulan setelah tanggal pelaporan.
Bank dan entitas anak menerapkan pendekatan The Bank and subsidiaries apply a three - stage
tiga tahap berdasarkan kualitas kredit sejak approach based on the change in credit quality
awal pengakuan: since initial recognition:
- Tahap 1 : - Stage 1 :
Tahap 1 ini termasuk aset keuangan yang Stage 1 includes financial assets which
tidak memiliki peningkatan risiko kredit have not had a significant increase in credit
signifikan sejak pengakuan awal atau yang risk since initial recognition or which have
memiliki risiko kredit rendah saat tanggal low credit risk at reporting date.
pelaporan. Kerugian kredit penurunan nilai 12- month ECL is recognised.
12 bulan diakui.
- Tahap 2 : - Stage 2 :
Tahap 2 ini termasuk aset keuangan yang Stage 2 includes financial assets which
memiliki peningkatan risiko kredit signifikan have had a significant increase in credit
sejak pengakuan awal (kecuali memiliki risk since initial recognition (unless they
risiko kredit yang rendah pada tanggal have low credit risk at the reporting date)
pelaporan) namun tidak memiliki bukti but do not have objective evidence of
obyektif penurunan nilai. Kerugian kredit impairment. Lifetime ECL is recognised.
penurunan nilai sepanjang masa diakui.
- Tahap 3 : - Stage 3 :
Tahap 3 ini termasuk aset keuangan yang Stage 3 includes financial assets that have
memiliki bukti objektif penurunan nilai pada objective evidence of impairment at the
tanggal pelaporan. Kerugian kredit reporting date. Lifetime ECL is recognised.
penurunan nilai sepanjang masa diakui.
65 PT Bank Maybank Indonesia Tbk 2023 Annual Report 695
Page 698
696
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan (lanjutan) assets (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial assets (continued)
Sesuai dengan siaran pers dari Ikatan Akuntan In accordance to press conference of
Indonesia (IAI) pada tanggal 10 Januari 2018 Indonesian institute of Accountants on January
dan ISAK 102 khusus untuk transaksi berbasis 10, 2018 and Interpretation of Financial
Syariah pengukuran penurunan nilai dari Acounting Standards (ISFAS) particularly for
kelompok aset keuangan masih belum sharia based transaction impairment losses
mengadopsi PSAK 71. from group of financial assets still has not
adopted SFAS 71.
Bank dan entitas anak menerapkan persyaratan The Bank and subsidiaries applies an
penurunan nilai untuk aset keuangan yang impairment requirement for financial assets
diukur pada biaya perolehan diamortisasi dan measured at amortised cost and financial assets
aset keuangan yang diukur pada nilai wajar measured at fair value through other
melalui penghasilan komprehensif lain. comprehensive income.
Bank mengakui penurunan nilai atas komitmen The Bank recognizes the impairment of loan
pinjaman dan kontrak jaminan keuangan. Untuk commitments and financial guarantee contracts.
kontrak jaminan keuangan, Bank For financial guarantee contracts, the Bank
mempertimbangkan perubahan risiko bahwa considers changes in risk that the debtor
debitur yang ditetapkan dalam kontrak akan specified in the contract will default. For lending
mengalami gagal bayar. Untuk komitmen commitments, the Bank considers changes in
pinjaman, Bank mempertimbangkan perubahan default risk that occur on loans related to loan
risiko gagal bayar yang terjadi pada pinjaman commitments.
yang terkait dengan komitmen pinjaman.
Pengukuran kerugian kredit ekspektasian untuk The measurement of expected credit loss for a
kontrak jaminan keuangan adalah pembayaran financial guarantee contract is a payment
yang diekspektasi untuk mengganti pemegang expected to replace the collateral holder for the
jaminan atas kerugian kredit yang terjadi credit loss incurred less the amount the entity
dikurangi jumlah yang diharapkan entitas untuk expects to receive from the collateral holder,
diterima dari pemegang jaminan, debitur atau debtor or other party.
pihak lain.
Tujuan dari persyaratan penurunan nilai adalah The purpose of the impairment requirements is
untuk mengakui kerugian kredit ekspektasian to recognize expected credit losses over the life
sepanjang umurnya atas semua instrumen of all financial instruments that have
keuangan yang telah mengalami peningkatan experienced a significant increase in credit risk
risiko kredit secara signifikan sejak pengakuan since initial recognition - whether assessed
awal - baik dinilai secara individu atau kolektif - individually or collectively - taking into account
dengan mempertimbangkan semua informasi all reasonable and supported information,
yang wajar dan terdukung, termasuk informasi including estimated information future (forward-
yang bersifat perkiraan masa depan (forward- looking).
looking).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 66
Page 699
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan (lanjutan) assets (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial assets (continued)
Dalam beberapa keadaan Bank tidak memiliki In some circumstances the Bank does not have
informasi yang wajar dan terdukung yang reasonable and supported information available
tersedia tanpa biaya atau upaya berlebihan without fees or excessive efforts to measure
untuk mengukur kerugian kredit ekspektasian expected credit losses throughout its life on
sepanjang umurnya pada instrumen secara individual instruments. Expected credit losses
individual. Kerugian kredit ekspektasian for the entire lifetime are recognized collectively
sepanjang umurnya diakui secara kolektif by considering comprehensive credit risk
dengan mempertimbangkan informasi risiko information. The comprehensive credit risk
kredit komprehensif. Informasi risiko kredit information must include not only arrears
komprehensif tersebut harus memasukan tidak information but also all relevant credit
hanya informasi tunggakan tetapi juga seluruh information, including forward-looking
informasi kredit relevan, termasuk informasi macroeconomic information, to approach the
makroekonomi forward-looking, untuk outcome of recognizing expected credit losses
mendekati hasil dari pengakuan kerugian kredit over the life of when there is a significant
ekspektasian sepanjang umurnya ketika increase in credit risk since initial recognition at
terdapat kenaikan signifikan pada risiko kredit the level of individual instruments.
sejak pengakuan awal pada level instrumen
individu.
Cadangan kerugian penurunan nilai secara Allowance for impairment losses on impaired
individual dihitung dengan menggunakan financial assets that was assessed individually
metode diskonto arus kas (discounted cash is computed using discounted cash flows
flows). Sedangkan cadangan kerugian method. While allowance for impairment losses
penurunan nilai secara kolektif dihitung dengan on impaired financial assets that was assessed
menggunakan metode statistik dari data historis collectively, the Bank uses statistical method of
berupa probability of default di masa lalu, waktu the historical data such as the probability of
pengembalian dan jumlah kerugian yang terjadi defaults, time of recoveries, the amount of loss
(Loss Given Default) yang selanjutnya incurred (Loss Given Default), considering
disesuaikan lagi dengan pertimbangan management’s judgment of current economic
manajemen terkait kondisi ekonomi dan kredit and credit conditions.
saat ini.
Aset keuangan dan cadangan yang terkait Financial assets together with the associated
tersebut dihapuskan jika tidak ada peluang yang allowance are written-off when there is no
realistis untuk pengembalian di masa datang realistic prospect of future recovery and all
dan semua jaminan telah direalisasi atau sudah collateral has been released or has been
diambil alih oleh Bank dan entitas anak. Aset transferred to the Bank and subsidiaries.
keuangan tersebut dihapus buku dengan Financial assets is written-off by reversing
menjurnal balik cadangan kerugian penurunan allowance for impairment losses. Financial
nilai. Aset keuangan tersebut dapat dihapus assets are written-off after all necessary
buku setelah semua prosedur yang diperlukan procedures has been performed and amount of
telah dilakukan dan jumlah kerugian telah loss has been determined.
ditentukan.
67 PT Bank Maybank Indonesia Tbk 2023 Annual Report 697
Page 700
698
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan (lanjutan) assets (continued)
Jika, pada suatu periode berikutnya, jumlah If, in the next period, the amount of allowance
kerugian penurunan nilai berkurang dan for impairment losses is decreased and the
pengurangan tersebut dapat dikaitkan secara decrease can be related objectively to an event
objektif pada peristiwa yang terjadi setelah that occured after the recognition of the
penurunan nilai diakui (seperti meningkatnya impairment losses (i.e. upgrade debtor’s or
peringkat kredit debitur atau penerbit), maka issuer’s credit rating), therefore the impairment
kerugian penurunan nilai yang sebelumnya loss that was previously recognized has to be
diakui harus dipulihkan, dengan menyesuaikan reversed, by adjusting the allowance account.
akun cadangan. Jumlah pemulihan aset The reversal amount of financial assets is
keuangan diakui pada laporan laba rugi dan recognized in the consolidated statement of
penghasilan komprehensif lain konsolidasian. profit or loss and other comprehensive income.
Penerimaan kembali atas aset keuangan yang The recoveries of written-off financial assets, in
diberikan yang telah dihapusbukukan, pada current period is credited by adjusting the
periode berjalan dikreditkan dengan allowance accounts. Recoveries of written-off
menyesuaikan akun cadangan. Penerimaan loans from previous period are recorded as
kembali atas kredit yang diberikan yang telah operational income other than interest income.
dihapusbukukan pada periode sebelumnya
dicatat sebagai pendapatan operasional selain
bunga.
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
depreciation
Aset tetap Fixed assets
Sesuai dengan PSAK No. 16 (Penyesuaian In accordance with SFAS No. 16 (Improvement
2015) tentang “Aset Tetap”, bank mengukur 2015) on “Property, Plant and Equipment”, the
akuntansi untuk aset tetap berkaitan dengan Bank reassessed its accounting for fixed assets
pengukuran atas tanah setelah pengakuan with respect to the measurement of land after
awal. Sebelumnya Bank mengukur semua aset initial recognition. The Bank has previously
tetap dengan menggunakan model biaya, measured all of its fixed assets using the cost
setelah pengakuan awal, aset dinyatakan pada model whereby, after initial recognition, the
biaya perolehan dikurangi dengan akumulasi assets was carried at cost less accumulated
penyusutan dan akumulasi penurunan nilai. depreciation and accumulated impairment
losses.
Pada 1 Januari 2016, Bank memilih untuk On January 1, 2016, the Bank decided to
mengubah metode akuntansi untuk aset tetap change the method of accounting for land
tanah dari model biaya menjadi model classified as fixed assets from cost model to
revaluasi, Bank berkeyakinan bahwa model revaluation model, since the Bank believes that
revaluasi lebih efektif menunjukkan posisi revaluation model more effectively
keuangan atas tanah. demonstrates the financial position of land.
Penilaian atas aset tersebut dilakukan secara Valuations are performed with sufficient
berkala untuk memastikan bahwa nilai wajar regularity to ensure that the fair value of a
aset yang direvaluasi tidak berbeda secara revalued asset does not differ materially from its
material dengan nilai tercatatnya. carrying amount.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 68
Page 701
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Setelah pengakuan awal, Bank menggunakan After initial recognition, the Bank uses the
model revaluasi, tanah akan diukur pada nilai revaluation model, whereby land will be
wajar pada tanggal revaluasi dikurangi dengan measured at fair value at the date of revaluation
akumulasi penurunan nilai. Bank menerapkan less any subsequent accumulated impairment
model revaluasi secara prospektif. losses. The Bank applied the revaluation model
prospectively.
Nilai wajar tanah ditentukan melalui penilaian Fair value of land are determined through an
yang dilakukan oleh penilai yang memiliki assessment conducted by appraisal who have
kualifikasi profesional berdasarkan bukti pasar. professional qualifications based on market
evidence.
Jika jumlah tercatat aset meningkat akibat If the carrying amount of asset increased due to
revaluasi, maka kenaikan tersebut diakui dalam revaluation, the increase value is recognized in
pendapatan komprehensif lain dan other comprehensive income and being
terakumulasi dalam ekuitas pada bagian accumulated in the fixed assets revaluation
surplus revaluasi aset tetap. Namun, kenaikan surplus of the equity. However, the increase is
tersebut diakui dalam laba rugi hingga sebesar recognized in profit or loss to the extent that its
jumlah penurunan nilai aset yang sama akibat revaluation reserves decrease of the same
revaluasi yang diakui sebelumnya dalam laba assets previously recognized in profit or loss.
rugi.
Jika jumlah tercatat aset turun akibat revaluasi, If the carrying amount of asset decreased due
maka penurunan tersebut diakui dalam laba to revaluation, the decrease value is recognized
rugi. Namun, penurunan nilai tersebut diakui in the profit or loss. However, the decrease is
dalam pendapatan komprehensif lain recognized in other comprehensive income to
sepanjang tidak melebihi saldo surplus the extent of any credit balance existing in the
revaluasi aset tetap untuk aset tersebut. fixed assets revaluation surplus in respect of
Penurunan nilai yang diakui dalam pendapatan that asset. The decrease recognized in other
komprehensif lain tersebut mengurangi jumlah comprehensive income reduces the amount
akumulasi dalam ekuitas pada bagian surplus accumulated in equity under the fixed assets
revaluasi aset tetap. revaluation surplus.
Jika nilai wajar dari aset yang direvaluasi If the fair and fluctuative value of the revalued
mengalami perubahan yang signifikan dan asset change significant, it is necessary to
fluktuatif, maka perlu direvaluasi secara revaluate on an annual basis, whereas if the fair
tahunan, sedangkan jika nilai wajar dari aset value of the revaluated asset does not change
yang direvaluasi tidak mengalami perubahan significant and fluctuative, it is necessary to
yang signifikan dan fluktuatif, maka perlu revaluate at least every 3 (three) years.
dilakukan revaluasi paling kurang 3 (tiga) tahun
sekali.
69 PT Bank Maybank Indonesia Tbk 2023 Annual Report 699
Page 702
700
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Aset tetap selain tanah disusutkan dengan Fixed assets other than land are depreciated
menggunakan metode garis lurus (straight-line using the straight-line method. The annual
method). Persentase penyusutan per tahun depreciation rates are as follows:
adalah sebagai berikut:
Persentase/
Percentage
Bangunan: Buildings:
Permanen 5% Permanent
Non-permanen 10% Non-permanent
Aset tetap diluar bangunan: Fixed Assets other than buildings:
Peralatan kantor dan instalasi 14,29% - 20% Office equipment and installation
Kendaraan bermotor 20% - 33,33% Motor vehicles
Mesin ATM 12,50% ATM machines
Apabila aset tetap tidak digunakan lagi dan When assets are retired and disposed, their
dijual, maka harga perolehan dan akumulasi acquisition cost and the related accumulated
penyusutannya dikeluarkan dari laporan depreciation are eliminated from the
keuangan konsolidasian dan keuntungan dan consolidated financial statements, and the
kerugian dari penghentian aset tetap diakui resulting gains and losses on the disposal of
dalam laporan laba rugi dan penghasilan fixed assets are recognized in the consolidated
komprehensif lain konsolidasian. statement of profit or loss and other
comprehensive income.
Pada setiap akhir tahun buku, Bank melakukan At the end of each year, the Bank reviews the
penelaahan atas nilai residu, masa manfaat dan residual values, useful life and depreciation
metode penyusutan dan melakukan method and makes corresponding adjustments
penyesuaian yang diperlukan secara prospektif. prospectively.
Biaya perbaikan dan pemeliharaan dibebankan Repairs and maintenance are charged to the
ke dalam laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian selama tahun other comprehensive income during the
dimana biaya-biaya tersebut terjadi. Biaya financial year in which they are incurred. The
renovasi yang besar dicatat sebagai bagian dari cost of major renovations is recorded as part of
nilai tercatat aset yang bersangkutan apabila carrying amount of the asset when it is probable
terdapat kemungkinan Bank dan entitas anak that future economic benefits in excess of the
akan mendapatkan manfaat ekonomi masa originally assessed standard of performance of
depan dari aset tersebut yang melebihi standar the existing asset will flow to the Bank and
kinerja yang diperkirakan sebelumnya. subsidiaries. Major renovations are depreciated
Renovasi yang besar tersebut akan disusutkan over the remaining useful life of the related
selama sisa masa manfaat aset yang terkait. asset.
Semua biaya dan beban yang terjadi All costs and expenses incurred in connection
sehubungan dengan perolehan hak atas tanah, with the acquisition of land rights are
diakui sebagai biaya perolehan hak atas tanah. recognized as part of the land rights’s
Biaya pengurusan legal hak atas tanah ketika acquisition. The legal cost incurred when the
tanah diperoleh pertama kali diakui sebagai land was first acquired is recognized as part of
bagian dari biaya perolehan aset tanah. the land acquisition cost.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 70
Page 703
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Aset dalam penyelesaian merupakan aset yang Construction in progress consist of assets that
masih dalam proses pembangunan dan belum are still in progress of construction and not yet
siap untuk digunakan serta dimaksudkan untuk ready for use and are intended to be used in
dipergunakan dalam kegiatan usaha. Aset ini business activity. This account is recorded
dicatat sebesar biaya yang telah dikeluarkan. based on the amount paid.
Aset hak-guna Right-of-use assets
PSAK 73 memperkenalkan model akuntansi SFAS 73 introduces a single lessee accounting
penyewa tunggal dan mensyaratkan penyewa model and requires a lessee to recognise
untuk mengakui aset dan liabilitas untuk semua assets and liabilities for all leases with the
sewa dengan pengecualian sewa jangka exemptions of short-term leases and the
pendek dan aset dengan nilai rendah. Penyewa underlying asset is of low value. A lessee is
diharuskan untuk mengakui aset hak-guna required to recognise a right-of-use asset
yang mewakili haknya untuk menggunakan representing its right to use the underlying
aset sewaan dan liabilitas sewa yang mewakili leased asset and a lease liability representing
kewajibannya untuk melakukan pembayaran its obligation to make lease payments. SFAS
sewa. PSAK 73 secara substansial masih 73 substantially carries forward the lessor
menggunakan persyaratan akuntansi atas accounting requirements in SFAS 30 Leases.
pesewa (lessor) sesuai PSAK 30 Sewa. Oleh Accordingly, a lessor continues to classify its
karena itu, penyewa masih akan menggunakan leases as operating leases or finance leases,
klasifikasi sewa dalam sewa operasi atau and to account for those two types of leases
pembiayaan, dan perlakuan atas kedua tipe differently.
sewa tersebut.
Dampak penerapan PSAK 73 adalah Bank The impact of SFAS 73 at the Bank is where
sebagai penyewa atas kontrak sewa properti, the Bank is a lessee in property lease contracts.
data center dan ruang ATM. Bank telah memilih The Bank has elected the simplified approach
simplified approach dalam melakukan transisi of transition and did not restate comparative
dan tidak melakukan penyajian kembali untuk information. Therefore, the comparative
informasi komparatif. Dengan demikian, information continues to be reported under
informasi komparatif tetap dilaporkan sesuai SFAS 30, “Leases”.
dengan PSAK 30, “Sewa”.
Pada tanggal 1 Januari 2020, Bank mengakui On January 1, 2020, the Bank recognised a
liabilitas sewa, sebagai pembayaran sewa yang lease liability, being the remaining lease
tersisa termasuk atas opsi perpanjangan payments including extensions options where
dimana perpanjangan hampir dapat dipastikan, renewal is reasonably certain, discounted using
didiskontokan menggunakan tingkat bunga the incremental borrowing rate at the date of
pinjaman inkremental pada tanggal penerapan initial application. The corresponding right-of-
awal. Aset hak-guna yang diakui adalah jumlah use asset recognised was an amount equal to
yang sama dengan liabilitas sewa, yang the lease liability, adjusted by the amount of
disesuaikan dengan jumlah pembayaran sewa prepaid or accrued lease payments relating to
dibayar dimuka atau terutang terkait sewa those leases.
tersebut.
71 PT Bank Maybank Indonesia Tbk 2023 Annual Report 701
Page 704
702
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset hak-guna (lanjutan) Right-of-use assets (continued)
Beban keuangan dicatat dalam laporan laba Finance expense is recorded in the
rugi konsolidasian. Aset sewa (disajikan consolidated statement of income. Leased
sebagai bagian aset tetap) disusutkan selama assets (presented under fixed assets) are
jangka waktu yang lebih pendek antara umur depreciated over the shorter of the estimated
manfaat aset sewa dan periode masa sewa, jika useful life of the assets and the lease term, if
tidak ada kepastian yang memadai bahwa Bank there is no reasonable certainty that Bank will
akan mendapatkan hak kepemilikan pada akhir obtain ownership by the end of the lease term.
masa sewa.
q. Aset tidak berwujud q. Intangible assets
Aset tidak berwujud terdiri dari perangkat lunak Intangible assets consist of computer software
dan goodwill. and goodwill.
Aset tidak berwujud diakui jika, dan hanya jika, Intangible assets are recognized if, and only if
biaya perolehan aset tersebut dapat diukur when its cost can be measured reliably and it is
secara andal dan kemungkinan besar Bank dan probable that expected future benefits that are
entitas anak akan memperoleh manfaat attributable to it will flow to the Bank and
ekonomis masa depan dari aset tersebut. subsidiaries.
i. Goodwill i. Goodwill
Goodwill merupakan selisih neto antara Goodwill represents the excess of the
harga perolehan investasi dan bagian Bank acquisition cost over the Bank’s share of fair
atas nilai wajar aset neto entitas anak yang value of the acquired subsidiaries’ net
diakuisisi pada tanggal akuisisi. assets at the date of acquisition.
Goodwill tidak diamortisasi dan selanjutnya Goodwill is not amortized and subsequently
disajikan sebesar nilai tercatat dikurangi presented at carrying value less
dengan akumulasi penurunan nilai (Catatan accumulated impairment losses. (Note 2o).
2o).
ii. Perangkat lunak ii. Software
Perangkat lunak yang bukan merupakan Computer software which is not an integral
bagian integral dari perangkat keras yang part of a related hardware is recorded as
terkait dicatat sebagai aset tidak berwujud intangible asset and stated at carrying
dan dinyatakan sebesar nilai tercatat, yaitu amount, which is cost less accumulated
sebesar harga perolehan dikurangi dengan amortization.
akumulasi amortisasi.
Biaya perolehan perangkat lunak terdiri dari Cost of software consists of all expenses
seluruh pengeluaran yang dapat dikaitkan directly attributable to the preparation of
langsung dalam persiapan perangkat lunak such software cost and ready to be used for
tersebut dan siap digunakan sesuai dengan their intended purpose.
tujuannya.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 72
Page 705
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
q. Aset tidak berwujud (lanjutan) q. Intangible assets (continued)
ii. Perangkat lunak ii. Software
Pengeluaran setelah perolehan perangkat Subsequent expenditure on software is
lunak dapat ditambahkan pada biaya capitalized as software only if those
perolehan perangkat lunak atau dikapitalisasi expenditure increases the future economic
sebagai perangkat lunak hanya jika benefits of the software, so that it becomes
pengeluaran tersebut menambah manfaat larger than originally expected performance
ekonomis masa depan dari perangkat lunak standards. Expenditure with no addition of
yang bersangkutan sehingga menjadi lebih future economic benefits from the software
besar dari standar kinerja yang diperkirakan is directly recognized as expenses when
semula. Pengeluaran yang tidak menambah incurred.
manfaat ekonomis masa depan dari
perangkat lunak diakui sebagai beban pada
saat terjadinya.
Perangkat lunak diamortisasi dengan Computer software is amortized by using
menggunakan metode garis lurus selama straight-line method over the estimated
estimasi umur manfaatnya, yaitu 5 (lima) - useful life of software, which is 5 (five) - 10
10 (sepuluh) tahun. (ten) years.
Amortisasi perangkat lunak diakui dalam Amortization is recognized in the
laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian, sejak other comprehensive income from the date
tanggal perangkat lunak tersebut tersedia those software is available for use until the
untuk dipakai sampai berakhirnya masa economic benefits of software is ended.
manfaat dari perangkat lunak tersebut.
Aset tidak berwujud dihentikan pengakuannya An intangible asset shall be derecognized on
jika dilepas atau ketika tidak terdapat disposal or when no future economic benefits
lagi manfaat ekonomi masa depan are expected from its use or disposal. The gain
yang diharapkan dari penggunaan atau or loss arising from the derecognition of an
pelepasannya. Keuntungan atau kerugian yang intangible asset shall be determined as the
muncul dari penghentian pengakuan aset tak difference between the net disposal proceeds,
berwujud ditentukan sebagai selisih antara hasil if any, and the carrying amount of the asset.
neto pelepasan, jika ada, dan jumlah tercatat Gains or losses shall be recognized in profit or
aset. Keuntungan atau kerugian diakui dalam loss when the asset is derecognized.
laba rugi ketika aset tersebut dihentikan
pengakuannya.
r. Agunan diambil alih r. Foreclosed assets
Agunan yang diambil alih disajikan dalam akun Foreclosed assets are presented in the “Other
“Aset Lain-lain”. Assets” account.
Agunan yang diambil alih dinyatakan sebesar Foreclosed assets are stated at net realizable
nilai realisasi neto atau sebesar nilai saldo value or loan outstanding amount, whichever is
outstanding kredit yang diberikan, mana yang lower. Net realizable value is the fair value of
lebih rendah. Nilai realisasi neto adalah nilai the foreclosed assets less estimated costs of
wajar agunan yang diambil alih dikurangi sale the assets. The excess of loan receivable
dengan estimasi biaya untuk menjual agunan over the net realizable value of the foreclosed
tersebut. Selisih lebih saldo kredit di atas nilai assets is charged to allowance for impairment
realisasi neto dari agunan yang diambil alih of the loan losses.
dibebankan ke dalam akun cadangan kerugian
penurunan nilai kredit.
73 PT Bank Maybank Indonesia Tbk 2023 Annual Report 703
Page 706
704
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
r. Agunan diambil alih (lanjutan) r. Foreclosed assets (continued)
Selisih antara nilai agunan yang diambil alih The difference between the value of the
dan hasil penjualannya diakui sebagai foreclosed assets and the proceeds from the
keuntungan atau kerugian pada saat penjualan. sale of such property is recorded as a gain or
loss when the property is sold.
Manajemen mengevaluasi nilai agunan yang Management evaluates the value of foreclosed
diambil alih secara berkala. Cadangan kerugian assets periodically. An allowance for possible
agunan yang diambil alih dibentuk berdasarkan losses on foreclosed assets is provided based
penurunan nilai agunan yang diambil alih. on the decline in value of foreclosed assets.
Beban pemeliharaan agunan yang diambil alih Maintenance expense of foreclosed assets are
dibebankan pada laporan laba rugi dan charged in the current year of consolidated
penghasilan komprehensif lain konsolidasian statement of profit or loss and other
tahun berjalan pada saat terjadinya. comprehensive income as incurred.
s. Beban dibayar dimuka dan aset lain-lain s. Prepayments and other assets
Terdiri dari aset yang tidak material yang tidak Consist of immaterial assets that cannot be
dapat digolongkan dalam pos-pos sebelumnya. classified under the above accounts. Other
Aset lain-lain dinyatakan sebesar nilai tercatat, assets are stated at carrying amount, which is
yaitu harga perolehan setelah dikurangi dengan cost less accumulated amortization, allowance
akumulasi amortisasi, cadangan kerugian for impairment losses or possible losses.
penurunan nilai atau penyisihan kerugian.
Beban dibayar dimuka diamortisasi selama Prepaid expenses are amortized over their
masa manfaat menggunakan metode garis useful lives using the straight-line method.
lurus (straight line method).
t. Liabilitas segera t. Obligations due immediately
Liabilitas segera dicatat pada saat timbulnya Obligations due immediately are recorded
liabilitas, baik dari nasabah maupun dari bank when the payable arise from the customers or
lain. Liabilitas segera dinyatakan sebesar from other banks. Obligations due immediately
jumlah liabilitas Bank. Liabilitas segera diukur are stated at the amount payable by the bank.
sebesar biaya perolehan diamortisasi. Obligations due immediately are measured at
their amortized cost.
u. Simpanan nasabah u. Deposits from customers
Simpanan nasabah adalah dana yang Deposits from customers are deposits of
dipercayakan oleh nasabah (di luar bank lain) customers (excluding other banks) with the
kepada Bank berdasarkan perjanjian Bank based on deposit agreements. Deposits
penyimpanan dana. Simpanan nasabah terdiri from customers consist of demand deposits,
dari giro, tabungan dan deposito berjangka. savings deposits and time deposits.
Simpanan termasuk simpanan Syariah dan Deposits include Sharia deposits and
investasi tidak terikat yang terdiri dari: unrestricted investments consisting of the
following:
a. Wadiah merupakan wadiah yad- a. Wadiah is a wadiah yad-adhamanah
adhamanah yakni titipan dana dalam bentuk savings or demand deposit on which the
giro dan tabungan dimana pemilik dana customer may receive bonus income.
mendapatkan pendapatan bonus.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 74
Page 707
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
u. Simpanan nasabah (lanjutan) u. Deposits from customers (continued)
Simpanan termasuk simpanan Syariah dan Deposits include Sharia deposits and
investasi tidak terikat yang terdiri dari: (lanjutan) unrestricted investments consisting of the
following: (continued)
b. Investasi tidak terikat dalam bentuk b. Unrestricted investments in the form of
tabungan mudharabah yang merupakan mudharabah savings which entitle the
simpanan dana nasabah yang memberikan customer to receive a share of the Sharia
imbalan bagi hasil untuk nasabah dari unit’s income in return for the usage of the
pendapatan unit Syariah atas penggunaan funds in accordance with the pre-defined
dana sesuai dengan nisbah yang telah and predetermined sharing ratio (nisbah).
ditetapkan dan disetujui sebelumnya.
c. Investasi tidak terikat dalam bentuk deposito c. Unrestricted investments in the form of
berjangka mudharabah merupakan simpanan mudharabah time deposits which entitle
dana nasabah yang memberikan imbalan bagi the customer to receive a share of the
hasil untuk nasabah dari pendapatan unit Sharia unit’s income in return for the usage
Syariah atas penggunaan dana sesuai of the funds in accordance with the pre-
dengan nisbah yang telah ditetapkan dan defined and predetermined sharing ratio
disetujui sebelumnya. (nisbah).
Giro, tabungan dan deposito berjangka diakui Demand deposits, savings deposits and time
sebesar nilai wajar pada awalnya dan deposits are initially recognized at fair value
selanjutnya diukur sebesar biaya perolehan and subsequently measured at amortized cost.
diamortisasi. Biaya perolehan diamortisasi Amortized cost is calculated by taking into
dihitung dengan memperhitungkan adanya account any discount or premium related to the
diskonto atau premi terkait dengan pengakuan initial recognition of deposits from customers
awal simpanan nasabah dan biaya transaksi and transaction costs that are an integral part
yang merupakan bagian yang tak terpisahkan of the effective interest rate (EIR).
dari suku bunga efektif (EIR).
v. Simpanan dari bank lain v. Deposits from other banks
Simpanan dari bank lain terdiri dari liabilitas Deposits from other banks represent liabilities
terhadap bank lain, baik lokal maupun luar to other banks, both domestic and overseas
negeri, dalam bentuk giro, tabungan, interbank banks, in the form of demand deposits, savings
call money dengan periode jatuh tempo deposits, interbank call money with maturity
menurut perjanjian kurang dari atau sama period based on agreement less than or equal
dengan 90 (sembilan puluh) hari dan deposito to 90 (ninety) days and time deposits.
berjangka.
Simpanan dari bank lain diakui sebesar nilai Deposits from other banks are initially
wajar pada awalnya dan selanjutnya diukur recognized at fair value and subsequently
sebesar biaya perolehan diamortisasi dengan measured at amortized cost using the effective
menggunakan metode suku bunga efektif (EIR). interest rate (EIR) method. Amortized cost is
Biaya perolehan diamortisasi dihitung dengan calculated by taking into account any discount
memperhitungkan adanya diskonto atau premi or premium related to the initial recognition of
terkait dengan pengakuan awal simpanan dari deposits from other bank and transaction costs
bank lain dan biaya transaksi yang merupakan that are an integral part of the effective interest
bagian yang tidak terpisahkan dari suku bunga rate (EIR).
efektif (EIR).
Simpanan dari bank lain termasuk simpanan Deposits from other banks include Sharia
Syariah dalam bentuk giro wadiah dan investasi deposits in the form of wadiah demand deposits
tidak terikat yang terdiri dari deposito berjangka and unrestricted investments which comprised
mudharabah. mudharabah time deposits.
75 PT Bank Maybank Indonesia Tbk 2023 Annual Report 705
Page 708
706
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
w. Surat berharga yang diterbitkan dan obligasi w. Securities issued and subordinated bonds
subordinasi
a. Surat berharga yang diterbitkan a. Securities issued
Surat berharga yang diterbitkan terdiri dari Securities issued consist of bonds,
obligasi, medium-term notes, sukuk dan call medium-term notes, sukuk and call money
money yang berjangka waktu di atas 90 with tenor of more than 90 (ninety) days.
(sembilan puluh) hari. Kebijakan akuntansi The accounting policies regarding sukuk
untuk sukuk telah diungkapkan dalam has already been disclosed in
Catatan 2d. Note 2d.
Surat berharga yang diterbitkan diakui Securities issued are initially recognized at
sebesar nilai wajar pada awalnya dan fair value and subsequently measured at
selanjutnya diukur sebesar biaya perolehan amortized cost using the effective interest
diamortisasi dengan menggunakan metode rate (EIR) method. Amortized cost is
suku bunga efektif (EIR). Biaya perolehan calculated by taking into account any
diamortisasi dihitung dengan discount or premium on the initial
memperhitungkan adanya diskonto atau acquisition and transaction costs that are
premi terkait dengan pengakuan awal dan an integral part of the effective interest rate
biaya transaksi yang merupakan bagian (EIR).
yang tidak terpisahkan dari suku bunga
efektif (EIR).
b. Pinjaman dan obligasi subordinasi b. Subordinated loan and bonds
Pinjaman dan obligasi subordinasi terdiri Subordinated loan and bonds consist of
dari obligasi subordinasi dan long term subordinated bonds and subordinated long
notes subordinasi diakui sebesar nilai wajar term notes are initially recognized at fair
pada awalnya dan selanjutnya diukur value and subsequently measured at
sebesar nilai biaya perolehan diamortisasi amortized cost using the effective interest
dengan menggunakan metode suku bunga rate (EIR) method. Amortized cost is
efektif (EIR). Biaya perolehan diamortisasi calculated by taking into account any
dihitung dengan memperhitungkan adanya discount or premium on the initial
diskonto atau premi terkait dengan acquisition of subordinated loan and bonds
pengakuan awal pinjaman dan obligasi and transaction costs that are an integral
subordinasi dan biaya transaksi yang part of the effective interest rate (EIR).
merupakan bagian yang tidak terpisahkan
dari suku bunga efektif (EIR).
x. Pinjaman diterima x. Borrowings
Pinjaman diterima merupakan dana yang diterima Borrowings are funds received from other
dari bank lain, Bank Indonesia atau pihak lain banks, Bank Indonesia or other parties with
dengan liabilitas pembayaran kembali sesuai payment obligation based on borrowings
dengan persyaratan perjanjian pinjaman. agreements.
Pinjaman diterima diakui sebesar nilai wajar Borrowings are initially recognized at fair value
pada awalnya dan selanjutnya diukur sebesar and subsequently measured at amortized cost
biaya perolehan diamortisasi dengan using the effective interest rate (EIR) method.
menggunakan metode suku bunga efektif (EIR). Amortized cost is calculated by taking into
Biaya perolehan diamortisasi dihitung dengan account any discount or premium related to the
memperhitungkan adanya diskonto atau premi initial recognition of borrowings and transaction
terkait dengan pengakuan awal pinjaman costs that are an integral part of the effective
diterima dan biaya transaksi yang merupakan interest rate (EIR).
bagian yang tidak terpisahkan dari suku bunga
efektif (EIR).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 76
Page 709
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Pendapatan dan beban bunga dan Syariah y. Interest and Sharia income and expense
Untuk instrumen keuangan yang diukur pada Interest income and expenses for all financial
biaya perolehan diamortisasi dan aset instruments measured at amortized cost and
keuangan yang diklasifikasikan sebagai yang financial assets classified as measured at fair
diukur pada nilai wajar melalui penghasilan value through other comprehensive income is
komprehensif lain, pendapatan maupun beban recorded using the effective interest rate (EIR)
bunganya diakui dengan menggunakan metode method, which is the rate that exactly discounts
suku bunga efektif (EIR), yaitu suku bunga yang estimated future cash payments or receipts
akan mendiskonto secara tepat estimasi through the expected life of the financial
pembayaran atau penerimaan kas di masa instrument or a shorter period, where
datang sepanjang perkiraan umur instrumen appropriate, to the net carrying amount of the
keuangan tersebut atau, jika lebih tepat untuk financial asset or financial liability. The
masa yang lebih singkat, sebagai nilai tercatat calculation takes into account all contractual
neto dari aset atau liabilitas keuangan tersebut. terms of the financial instrument and includes
Perhitungan dilakukan dengan any fees or incremental costs that are directly
mempertimbangkan seluruh syarat dan attributable to the instrument and integral part
ketentuan kontraktual instrumen keuangan of the effective interest rate (EIR).
termasuk fee/biaya tambahan yang terkait
secara langsung dengan instrumen tersebut
yang merupakan bagian tidak terpisahkan dari
suku bunga efektif (EIR).
Nilai tercatat aset dan liabilitas keuangan The carrying amount of the financial asset and
disesuaikan jika Bank merevisi estimasi liability is adjusted if the Bank revises its
pembayaran maupun penerimaan. Nilai tercatat estimates of payments or receipts. The
yang disesuaikan tersebut dihitung dengan adjusted carrying amount is calculated based
menggunakan suku bunga efektif (EIR) awal on the original effective interest rate (EIR) and
dan perubahan nilai tercatat dicatat di laporan the change in carrying amount is recorded in
laba rugi dan penghasilan komprehensif lain the consolidated statement of profit or loss and
konsolidasian. Tetapi untuk aset keuangan other comprehensive income. However, for a
yang telah direklasifikasi, dimana pada tahun reclassified financial asset for which the Bank
berikutnya Bank meningkatkan estimasi subsequently increases its estimates of future
penerimaan kas sebagai hasil dari peningkatan cash receipts as a result of increased
pengembalian penerimaan kas, dampak recoverability of those cash receipts, the effect
peningkatan pemulihan tersebut diakui sebagai of that increase is recognized as an adjustment
penyesuaian suku bunga efektif (EIR) sejak to the effective interest rate (EIR) from the date
tanggal perubahan estimasi. of the change in estimate.
Jika aset keuangan atau kelompok aset If a financial assets or a group of similar
keuangan serupa telah diturunkan nilainya financial assets has been written down as a
sebagai akibat kerugian penurunan nilai, maka result of an impairment loss, interest income is
pendapatan bunga yang diperoleh setelahnya recognized on the unimpaired portion of the
diakui atas bagian aset keuangan yang tidak impaired financial assets using the rate of
mengalami penurunan nilai dari aset keuangan interest used to discount the future cash flows
yang mengalami penurunan nilai, berdasarkan for the purpose of measuring the impaired loss.
suku bunga yang digunakan untuk mendiskonto
arus kas masa datang dalam menghitung
kerugian penurunan nilai.
77 PT Bank Maybank Indonesia Tbk 2023 Annual Report 707
Page 710
708
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Pendapatan dan beban bunga dan Syariah y. Interest and Sharia income and expense
(lanjutan) (continued)
Pendapatan syariah terdiri dari pendapatan dari Sharia income consists of income from
piutang murabahah, bagi hasil pembiayaan murabahah receivables, profit distribution of
musyarakah dan mudharabah, dan pendapatan musyarakah and mudharabah financing and
atas investasi pada efek-efek syariah. income on investment in sharia securities.
Pendapatan murabahah yang termasuk margin Murabahah income which includes deferred
ditangguhkan dan pendapatan administrasi, margin and administrative income, are
diakui dengan menggunakan metode setara recorded using the effective rate of return
tingkat imbal hasil efektif, yaitu tingkat imbal hasil method, which is the rate that exactly discounts
setara yang akan mendiskonto secara tepat estimated future cash payments or receipts
estimasi pembayaran atau penerimaan kas di through the expected life of the financial
masa datang sepanjang perkiraan umur instrument or a shorter period, where
instrumen keuangan tersebut atau, jika lebih appropriate, to the net carrying amount of the
tepat untuk masa yang lebih singkat untuk nilai financial asset or financial liability. The
tercatat bersih dari aset keuangan atau liabilitas calculation takes into account all contractual
keuangan. Perhitungan dilakukan dengan terms of the financial instrument and includes
memperhitungkan seluruh syarat dan ketentuan any fees or incremental costs that are directly
kontraktual dari instrumen keuangan dan biaya attributable to the instrument and are an
tambahan yang timbul secara langsung untuk integral part of the effective financing rate.
instrumen tersebut dan merupakan bagian tidak
terpisahkan dari tingkat imbal hasil efektif margin
pembiayaan.
Pendapatan bagi hasil musyarakah yang Profit sharing for passive partner in
menjadi hak mitra pasif diakui dalam periode musyarakah is recognized in the period when
terjadinya hak bagi hasil sesuai nisbah yang the right arises in accordance with the agreed
disepakati. sharing ratio (nisbah).
Pendapatan bagi hasil pembiayaan Mudharabah income are recognized when cash
mudharabah diakui pada saat diterima atau is received or in a period where the right of
dalam periode terjadinya hak bagi hasil sesuai revenue sharing is due based on agreed portion
nisbah yang disepakati. (nisbah).
Pendapatan pembiayaan konsumen entitas The consumer financing income of subsidiaries
anak dinyatakan sebesar pendapatan bersih is presented net of amounts of the bank’s
setelah dikurangi dengan bagian pendapatan portion on such income relating to the
dari bank-bank yang terkait dengan transaksi cooperation transactions of loan channeling,
kerjasama penerusan pinjaman, pembiayaan joint financing and receivable transfer and
bersama dan pengambilalihan piutang serta appointment as an agent to administer the
penunjukkan selaku pengelola piutang yang transferred receivable (Note 2n).
diambil alih tersebut (Catatan 2n).
Untuk kredit yang diberikan dan pembiayaan For loans and consumer financing receivables
konsumen yang pembayaran angsuran pokok with principal or interest has been past due for
atau bunganya telah lewat 90 hari atau lebih 90 days or more, or where the loans and
setelah jatuh tempo, atau kredit dan pembiayaan consumer financing receivables have been
konsumen yang telah dikategorikan sebagai yang classified as impaired loans, the interest
mengalami penurunan nilai, pendapatan bunga income accrued but not yet collected is
yang sudah diakui tetapi belum ditagih akan reversed.
dibatalkan pengakuannya.
Pendapatan denda atas keterlambatan Penalty income arising from late payments of
pembayaran angsuran pembiayaan konsumen consumer financing installments is recognized
diakui pada saat realisasi. when realized.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 78
Page 711
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Pendapatan dan beban bunga dan Syariah y. Interest and Sharia income and expense
(lanjutan) (continued)
Pelunasan sebelum masa pembiayaan Early repayment is treated as cancellation of an
konsumen berakhir diperlakukan sebagai suatu existing agreement and the resulting gain or
pembatalan kontrak pembiayaan konsumen dan loss is reflected in the consolidated statement
laba atau rugi yang timbul, diakui dalam laporan of profit or loss and other comprehensive
laba rugi dan penghasilan komprehensif lain income for the year.
konsolidasian tahun berjalan.
Entitas anak berhak menentukan tingkat bunga The subsidiaries have the right to set higher
yang lebih tinggi kepada konsumen daripada interest rates to customers than that stated by
tingkat bunga yang ditetapkan oleh bank-bank the banks for the cooperation transactions of
sehubungan dengan transaksi kerja sama loan channeling, joint financing and receivable
penerusan pinjaman, pembiayaan bersama transfer and appointment as an agent to
dan pengambilalihan piutang serta penunjukan administer the transferred receivables. The
selaku pengelola piutang. Selisih bunga yang difference is recognized as revenue from such
terjadi dari transaksi tersebut diakui sebagai transactions by the subsidiaries and presented
pendapatan dan disajikan sebagai Pendapatan as Consumer Financing Revenue under
Pembiayaan Konsumen pada pendapatan interest income in the consolidated statement of
bunga dalam laporan laba rugi dan penghasilan profit or loss and other comprehensive income
komprehensif lain konsolidasian tahun berjalan. for the year.
Beban syariah terdiri dari beban bagi hasil dari Sharia expense consists of expense for profit
simpanan nasabah dengan akad mudharabah distribution on customer deposits with
dan bonus atas simpanan dengan akad wadiah. mudharabah contract and bonus on customers
deposits with wadiah contract.
Beban, kecuali beban yang timbul pertama kali Expenses, except for the initial direct cost
yang terkait langsung dengan piutang relating to the consumer financing receivables
pembiayaan konsumen seperti dijelaskan pada as explained in Note 2n, are recognized when
Catatan 2n, diakui pada saat terjadinya. incurred.
z. Pendapatan dan beban provisi dan komisi z. Fees and commission income and expense
Pendapatan dan beban provisi dan komisi yang Fees and commissions income and expense
jumlahnya material yang berkaitan langsung that have material amount directly related with
dengan kegiatan pembelian aset keuangan the acquisition of financial assets are
diakui sebagai bagian/(pengurang) atau recognized as part/(deduction) or addition of
penambah dari biaya perolehan aset keuangan acquisition cost of related financial assets and
yang bersangkutan dan akan diakui sebagai will be recognized as income and amortized
pendapatan dengan cara diamortisasi using the effective interest rate (EIR) method
berdasarkan metode suku bunga efektif (EIR) during the expected life of financial assets or
sepanjang perkiraan umur aset atau liabilitas liabilities.
keuangan.
Saldo beban dan pendapatan provisi dan The outstanding balances of provision and
komisi yang ditangguhkan atas kredit yang commission income and expense of loans
diberikan yang diakhiri atau diselesaikan terminated or settled prior to maturity are
sebelum jatuh tempo langsung diakui sebagai directly recognized as income in settlement.
pendapatan pada saat penyelesaiannya.
Provisi dan komisi yang tidak berkaitan dengan Provision and commissions that are not related
kredit yang diberikan dan pinjaman yang to loans and borrowings or immaterial period
diterima atau jangka waktu kredit yang loans and borrowings are recognized as
diberikan dan pinjaman yang diterima atau tidak income and expenses at the time the
material, diakui sebagai pendapatan atau transactions incurred.
beban pada saat terjadinya transaksi.
79 PT Bank Maybank Indonesia Tbk 2023 Annual Report 709
Page 712
710
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
z. Pendapatan dan beban provisi dan komisi z. Fees and commission income and expense
(lanjutan) (continued)
Bank dan entitas anak mengakui pendapatan The Bank and subsidiaries recognized its
sesuai dengan ketentuan Pernyataan Standar revenue in accordance with Statement of
Akuntansi Keuangan (PSAK) No. 72 mengenai Financial Accounting Standards (SFAS) No. 72
“Pendapatan dari Kontrak dengan Pelanggan”. regarding “Revenue from Contract with
Customers”.
aa. Perpajakan aa. Taxation
Sesuai dengan PSAK No. 46 (Revisi 2014) In accordance with SFAS No. 46 (Revised
tentang “Pajak Penghasilan”, aset dan liabilitas 2014) on “Income Taxes”, deferred tax assets
pajak tangguhan diakui atas perbedaan and liabilities are recognized for temporary
temporer aset dan liabilitas antara pelaporan differences between the financial and tax bases
komersial dan pajak pada setiap tanggal of assets and liabilities at each reporting date.
pelaporan.
Liabilitas pajak tangguhan diakui atas semua Deferred tax liabilities are recognized for all
perbedaan temporer kena pajak. Aset pajak taxable temporary differences. Deferred tax
tangguhan diakui atas semua perbedaan assets are recognized for all deductible
temporer yang dapat dikurangkan dan saldo temporary differences and carry-forward
rugi pajak yang belum digunakan, apabila besar balance of unused tax losses, if there are
kemungkinannya bahwa jumlah laba fiskal di probable future that taxable income will be
masa datang akan memadai untuk sufficient to be applied against the deductible
dikompensasi dengan perbedaan temporer temporary differences and unused tax losses
yang dapat dikurangkan dan saldo rugi fiskal can be utilized.
yang belum digunakan.
Aset dan liabilitas pajak tangguhan dihitung Deferred tax assets and liabilities are calculated
dengan tarif pajak (dan peraturan pajak) yang at the tax rates (and tax laws) that are effective
berlaku secara efektif atau secara substansial or substantially expected to apply to the year
akan diberlakukan pada tahun dimana aset when the asset is realized or the liability is
tersebut direalisasikan atau liabilitas tersebut settled.
diselesaikan.
Semua perbedaan temporer kena pajak diakui All taxable temporary difference should be
sebagai liabilitas pajak tangguhan, kecuali recognized as deferred tax liability, except
perbedaan temporer kena pajak yang berasal taxable temporary difference arises from:
dari:
a. pengakuan awal goodwill. a. the initial recognition of goodwill.
b. pengakuan awal aset atau liabilitas dari b. the initial recognition of an asset or liability
transaksi yang bukan kombinasi bisnis; dan in a transaction which is not a business
pada waktu transaksi tidak mempengaruhi combination; and at the time of the
laba akuntansi dan laba kena pajak (rugi transaction, affects neither accounting
pajak). profit nor taxable profit (tax loss).
c. investasi pada entitas anak, cabang dan c. investment in subsidiaries, branches and
asosiasi, serta bagian partisipasi dalam associates, and interest in joint ventures
ventura bersama dimana entitas induk, where the parent, investor or venturer is
investor atau venturer mampu able to control the timing of the reversal of
mengendalikan waktu pembalikan the temporary difference; and it is probable
perbedaan temporer dan kemungkinan that the temporary difference will not
besar perbedaan temporer tidak akan reverse in the foreseeable future.
dibalik di masa yang akan datang.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 80
Page 713
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
aa. Perpajakan (lanjutan) aa. Taxation (continued)
Semua perbedaan temporer kena pajak diakui All deductible temporary difference shall be
sebagai aset pajak tangguhan, kecuali recognized as deferred tax asset, except for the
perbedaan temporer kena pajak yang berasal temporary differences arises from:
dari:
a. Pengakuan awal aset atau liabilitas dari a. The initial recognition of an asset or liability
transaksi yang bukan kombinasi bisnis; dan in a transaction which is not a business
pada waktu transaksi tidak mempengaruhi combination; and at the time of the
laba akuntansi dan laba kena pajak (rugi transaction, affects neither accounting
pajak). profit nor taxable profit (tax loss).
b. Investasi pada entitas anak, cabang dan b. Investment in subsidiaries, branches and
asosiasi, serta bagian partisipasi dalam associates, and interest in joint ventures
ventura bersama diakui sebagai aset pajak shall be recognized as a deferred tax asset,
tangguhan sepanjang kemungkinan besar only to the extent that, it is probable that the
terjadi perbedaan temporer akan dibalik di temporary differences will be reversed in
masa depan yang dapat diperkirakan; dan the foreseeable future; and taxable profit
laba kena pajak akan tersedia dalam will be available against which the
jumlah yang memadai sehingga perbedaan temporary difference can be utilized.
temporer dapat dimanfaatkan.
Taksiran pajak penghasilan Bank dan entitas The estimation of income tax of the Bank and
anak dihitung untuk masing-masing subsidiaries is computed for each company as
perusahaan sebagai badan hukum terpisah. a separate legal entity. Current tax assets and
Aset pajak kini (current tax assets) dan liabilitas current tax liabilities for different legal entities
pajak kini (current tax liabilities) untuk badan are not offset in the consolidated financial
hukum yang berbeda tidak disalinghapuskan statements.
(offset) dalam laporan keuangan konsolidasian.
Koreksi terhadap liabilitas perpajakan dicatat Amendments to taxation obligations are
pada saat diterimanya surat ketetapan, atau recorded when an assessment letter is
apabila diajukan permohonan keberatan atau received, or objection or appeal is submitted, or
banding, ketika hasil keberatan atau banding the results of the objection or appeal has been
sudah ditetapkan. determined.
Beban pajak kini ditentukan berdasarkan Current tax expense is determined based on
penghasilan kena pajak untuk tahun berjalan the taxable income for the current year and
dan dihitung menggunakan tarif pajak yang computed using prevailing tax rates.
berlaku.
Bank harus memperhitungkan konsekuensi Bank is required to account for the current and
pajak kini dan pajak masa depan atas future recovery (settlement) of the carrying
pemulihan di masa depan (penyelesaian) dari amount of assets (liabilities) that are recognized
jumlah tercatat aset (liabilitas) yang diakui in the consolidated statements of financial
dalam laporan posisi keuangan konsolidasian position and transactions and other events of
dan transaksi-transaksi serta peristiwa lain the current period that are recognized in the
yang terjadi dalam periode berjalan yang diakui financial statements.
dalam laporan keuangan.
81 PT Bank Maybank Indonesia Tbk 2023 Annual Report 711
Page 714
712
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ab. Laba per saham ab. Earnings per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan yang dapat dividing income for the year attributable to
diatribusikan kepada pemegang saham biasa ordinary equity holders of the parent company
entitas induk dengan jumlah rata-rata by the weighted average number of shares
tertimbang saham yang beredar pada tahun outstanding during the year.
yang bersangkutan.
ac. Dana pensiun dan manfaat karyawan ac. Pension fund and employee benefit
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, iuran Short-term employee benefits such as wages,
jaminan sosial, tunjangan cuti jangka pendek, social security contributions, short-term
bonus dan imbalan non-moneter lainnya diakui compensated leaves, bonuses and other non-
selama periode jasa diberikan. Imbalan kerja monetary benefits are recognized during the
jangka pendek dihitung sebesar jumlah yang period when services have been rendered.
tidak didiskontokan. Short-term employee benefits are calculated
using undiscounted amounts.
Kewajiban pensiun Pension obligations
Sejak Mei 1996, Bank menyelenggarakan Since May 1996, the Bank had a defined
program pensiun Iuran Pasti untuk semua contribution pension plan for all of its local
karyawan tetap. Iuran yang ditanggung Bank permanent employees. Contributions borne by
diakui sebagai beban pada tahun berjalan. the Bank are recognized as expense in the
current year.
Bank dan entitas anak yang berdomisili di The Bank and subsidiaries domiciled in
Indonesia mengakui kerja berdasarkan Indonesia recognize provisions for employee
Undang-undang No. 13/2003 tanggal 25 Maret service entitlements in accordance with Labor
2003 (Bank mengakui penyisihan tersebut Law No. 13/2003 dated March 25, 2003 (the
sebagai tambahan atas manfaat yang akan Bank recognizes the provision in addition to the
diterima karyawan dari program pensiun iuran benefit to be received by the employees from
pasti dan perjanjian kerja bersama). the pension plan and collective employment
agreement).
Bank dan entitas anak menerapkan PSAK The Bank and subsidiaries adopted SFAS
No. 24 (Penyesuaian 2016), “Imbalan Kerja”, No. 24 (Improvement 2016), “Employee
yang mengatur perlakuan akuntansi dan Benefits”, which regulates accounting treatment
pengungkapan atas imbalan kerja, baik jangka and disclosure employee benefit, for both short-
pendek (misalnya pembayaran cuti tahunan term (such as annual leave and sick leave
dan cuti sakit) dan jangka panjang (misalnya, payment) and long-term (such as long-service
pembayaran cuti besar dan manfaat kesehatan leave and post-employment medical benefits).
pasca-kerja).
Imbalan pasca-kerja secara aktuaris ditentukan The post-employment benefits are actuarially
berdasarkan metode Projected Unit Credit. determined using the Projected Unit Credit
Method.
Perkiraan liabilitas pada tanggal laporan posisi The estimated liabilities as of the consolidated
keuangan konsolidasian merupakan nilai kini statement of financial position date represents
imbalan pasti pada tanggal laporan posisi the present value of the defined benefit
keuangan konsolidasian dikurangi nilai wajar obligation as of the consolidated statement of
aset program. financial position date less the fair value of plan
assets.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 82
Page 715
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ac. Dana pensiun dan manfaat karyawan ac. Pension fund and employee benefit
(lanjutan) (continued)
Kewajiban pensiun (lanjutan) Pension obligations (continued)
Biaya imbalan pasca-kerja yang diakui selama The post-employment benefits expense
tahun berjalan terdiri dari biaya jasa dalam laba recognized during the current year consists of
rugi, bunga neto atas liabilitas imbalan pasti service cost in profit and loss, net interest on the
neto dalam laba rugi dan pengukuran kembali net defined benefit liability in profit and loss and
liabilitas imbalan pasti neto dalam penghasilan remeasurement of the net defined benefit
komprehensif lain. liabilities in other comprehensive income.
Bunga neto atas liabilitas imbalan pasti neto Net interest on the net defined benefit liabilites
merupakan komponen pendapatan bunga dari is the interest income component of plan
aset program, biaya bunga atas liabilitas assets, interest expense of defined benefit
imbalan pasti dan bunga atas dampak batas obligation and interest on the effect of asset
atas dari aset. ceiling.
Pengukuran kembali liabilitas imbalan pasti Remeasurements of the net defined benefit
neto terdiri atas: liability consists of:
- Keuntungan dan kerugian aktuarial - Actuarial gains and losses
- Imbal hasil atas aset program, tidak termasuk - Return on plan assets, excluding amount
jumlah yang dimasukkan dalam bunga neto included in net interest on the net defined
atas liabilitas imbalan pasti neto benefit liability
- Setiap perubahan dampak batas atas aset, - Any change in effect of the asset ceiling,
tidak termasuk jumlah yang dimasukkan excluding amount including in net interest on
dalam bunga neto atas liabilitas imbalan pasti the net defined benefit liability
neto
Penangguhan pengakuan keuntungan dan Deferred recognition of actuarial gains and
kerugian aktuarial tidak diizinkan. Keuntungan losses is not allowed. Actuarial gains and
dan kerugian aktuarial langsung diakui dalam losses are recognised directly in other
komponen penghasilan komprehensif lain comprehensive income component in equity
dalam ekuitas dan dapat dialihkan ke pos lain and can be transferred to other post within
dalam ekuitas. equity.
ad. Segmen operasi ad. Operating segment
Segmen operasi adalah komponen Bank dan An operating segment is a Bank’s and
entitas anak yang terlibat dalam aktivitas bisnis subsidiaries’ component that is involved in
yang memperoleh pendapatan dan business activities which derive income and
menimbulkan beban, yang hasil operasinya incur expenses, which the operating results is
dikaji ulang secara regular oleh pengambil reviewed regularly by operational decision
keputusan operasional untuk membuat maker for making decision related to resource
keputusan tentang sumber daya yang that is allocated to the segment and evaluates
dialokasikan pada segmen tersebut dan menilai the performance and provide separable
kinerjanya serta menyediakan informasi financial information. The operating segment
keuangan yang dapat dipisahkan. Segmen has been divided into Global Banking, Business
operasi terbagi dalam kelompok Perbankan Banking, Retail and Head Office and others.
Global, Perbankan Bisnis, Ritel dan Kantor
Pusat lainnya.
83 PT Bank Maybank Indonesia Tbk 2023 Annual Report 713
Page 716
714
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ad. Segmen operasi (lanjutan) ad. Operating segment (continued)
Bank dan entitas anak melaporkan informasi The Bank and subsidiaries report the following
geografis sebagai berikut: geographical information:
(a) Pendapatan dari pelanggan eksternal (a) Revenues from external customers (i)
(i) yang diatribusikan kepada negara attributed to the Bank’s and subsidiaries’
domisili Bank dan entitas anak dan (ii) yang country of domicile and (ii) attributed to all
diatribusikan kepada semua negara asing foreign countries in total from which the
secara total dimana Bank dan entitas anak Bank and subsidiaries derive revenues.
memperoleh pendapatan.
(b) Aset tidak lancar selain instrumen (b) Non current assets, other than financial
keuangan, aset pajak yang ditangguhkan, instruments, deferred tax assets, post-
aset imbalan pasca-kerja dan hak yang employment benefit assets, and rights
timbul akibat kontrak asuransi (i) yang arising under insurance contracts (i) is
berlokasi di negara domisili Bank dan entitas located in the Bank’s and subsidiaries’
anak dan (ii) berlokasi di semua negara country of domicile (ii) located in all
asing secara total dimana Bank dan entitas overseas country in total where the Bank
anak memiliki aset tersebut. and subsidiaries owned the assets.
ae. Transaksi dengan pihak berelasi ae. Transactions with related parties
Bank dan entitas anak melakukan transaksi The Bank and subsidiaries enter into
dengan pihak berelasi sesuai dengan ketentuan transactions with parties which are defined as
Pernyataan Standar Akuntansi Keuangan related parties in accordance with Statement of
(PSAK) No. 7 mengenai “Pengungkapan Pihak- Financial Accounting Standards (SFAS) No. 7
Pihak Berelasi”. regarding “Related Parties”.
Jenis transaksi dan saldo dengan pihak The nature of transactions and balances of
berelasi, baik yang dilaksanakan dengan accounts with related parties, whether or not
ataupun tidak dilaksanakan dengan syarat serta performed on normal terms and conditions
kondisi normal yang sama untuk pihak yang similar to those with third parties, are disclosed
tidak berelasi, diungkapkan dalam catatan atas in the notes to the consolidated financial
laporan keuangan konsolidasian. statements.
Pihak berelasi adalah orang atau entitas yang A related party is a person or entity that is
terkait dengan entitas yang menyiapkan laporan related to the entity that is preparing its financial
keuangannya (entitas pelapor). Yang termasuk statements (in this Standard referred to as the
pihak berelasi adalah sebagai berikut: ‘reporting entity’). The related parties are as
follows:
1) Orang atau anggota keluarga terdekat 1) A person or a close member of that person’s
mempunyai relasi dengan entitas pelapor family is related to a reporting entity if that
jika orang tersebut: person:
a) Memiliki pengendalian atau a) Has control or joint control of the
pengendalian bersama atas entitas reporting entity;
pelapor;
b) Memiliki pengaruh signifikan atas entitas b) Has significant influence over the
pelapor; atau reporting entity; or
c) Merupakan personil manajemen kunci c) Is a member of the key management
entitas pelapor atau entitas induk entitas personnel of the reporting entity or of a
pelapor. parent of the reporting entity.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 84
Page 717
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ae. Transaksi dengan pihak berelasi (lanjutan) ae. Transactions with related parties
(continued)
2) Suatu entitas berelasi dengan entitas 2) An entity is related to a reporting entity if any
pelapor jika memenuhi salah satu hal of the following conditions applies:
sebagai berikut:
a) Entitas dan entitas pelapor adalah a) The entity and the reporting entity are
anggota dari kelompok usaha yang members of the same group (which
sama (artinya entitas induk, entitas anak means that each parent, subsidiary and
dan entitas anak berikutnya terkait fellow subsidiary is related to the others);
dengan entitas lain);
b) Suatu entitas adalah entitas asosiasi atau b) One entity is an associate or joint venture
ventura bersama dari entitas lain (atau of the other entity (or an associate or joint
entitas asosiasi atau ventura Bersama venture of a member of a group of which
yang merupakan anggota suatu the other entity is a member);
kelompok usaha, yang mana entitas lain
tersebut adalah anggotanya);
c) Kedua entitas tersebut adalah ventura c) Both entities are joint ventures of the
bersama dari pihak ketiga yang sama; same third party;
d) Suatu entitas adalah ventura bersama d) One entity is a joint venture of a third
dari entitas ketiga dan entitas yang lain entity and the other entity is an associate
adalah entitas asosiasi dari entitas of the third entity;
ketiga;
e) Entitas tersebut adalah suatu program e) The entity is a post-employment benefit
imbalan paskakerja untuk imbalan kerja plan for the benefit of employees of
dari salah satu entitas pelapor atau either the reporting entity or an entity
entitas yang terkait dengan entitas related to the reporting entity;
pelapor;
f) Entitas yang dikendalikan atau f) The entity is controlled or jointly
dikendalikan bersama oleh orang yang controlled by a person identified in (1); or
diidentifikasi sebagaimana dimaksud
dalam angka 1); atau
g) Orang yang diidentifikasi sebagaimana g) A person identified in (1) (a) has
dimaksud dalam angka 1) huruf a) significant influence over the entity or is
memiliki pengaruh signifikan atas entitas a member of the key management
atau merupakan personil manajemen personnel of the entity (or of a parent of
kunci entitas (atau entitas induk dari the entity).
entitas).
3) Pihak yang bukan merupakan pihak berelasi 3) The following are not related parties:
adalah sebagai berikut:
a) Dua entitas hanya karena mereka a) Two entities simply because they have a
memiliki direktur atau personil director or other member of key
manajemen kunci yang sama atau management personnel in common or
karena personil manajemen kunci dari because a member of key management
satu entitas mempunyai pengaruh of one entity has significant influence
signifikan atas entitas lain; over the other entity;
85 PT Bank Maybank Indonesia Tbk 2023 Annual Report 715
Page 718
716
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ae. Transaksi dengan pihak berelasi (lanjutan) ae. Transactions with related parties
(continued)
3) Pihak yang bukan merupakan pihak berelasi 3) The following are not related parties:
adalah sebagai berikut: (lanjutan) (continued)
b) Dua venturer hanya karena mereka b) Two joint ventures simply because they
mengendalikan bersama atas ventura share joint control of a joint venture;
bersama;
c) Penyandang dana, serikat dagang, c) Fund provider, trade unions, public
entitas pelayanan publik dan departemen service, and ministry and agencies of a
dan instansi pemerintah yang tidak government that does not control, jointly
mengendalikan, mengendalikan bersama control or significantly influence the
atau memiliki pengaruh signifikan atas reporting entity, simply by virtue of their
entitas pelapor, semata-mata dalam normal dealings with an entity (even
pelaksanaan urusan normal dengan though they may restrict the entity or
entitas (meskipun pihak-pihak tersebut participate in decision-making process);
dapat membatasi kebebasan entitas atau and
ikut serta dalam proses pengambilan
keputusan); dan
d) Pelanggan, pemasok, pemegang hak d) A customer, supplier, franchisor,
waralaba, distributor atau agen umum distributor or general agent with whom
dengan siapa entitas mengadakan an entity transacts a significant volume
transaksi usaha dengan volume of business solely because economic
signifikan, semata-mata karena dependence due to circumstances.
ketergantungan ekonomis yang
diakibatkan oleh keadaan.
af. Perubahan kebijakan akuntansi dan af. Change in accounting policies and
pengungkapan disclosures
Bank dan entitas anak telah menerapkan The Bank and subsidiaries adopted the
standar akuntansi berikut pada tanggal following accounting standards, which are
1 Januari 2023 yang dianggap relevan dengan considered relevant, starting on January 1,
Bank: 2023:
Amandemen PSAK 1, “Penyajian Laporan Amendments to SFAS 1, “Presentation of
Keuangan tentang Pengungkapan Financial Statements on Accounting Policy
Kebijakan Akuntansi”. Disclosure”
Amendemen PSAK 1 tersebut mensyaratkan The amendment to SFAS 1 requires entities to
entitas untuk mengungkapkan “informasi disclose "material accounting policy
kebijakan akuntansi material” yang sebelumnya information" that was previously "Significant
“Kebijakan akuntansi signifikan” dan accounting policy" and clarifies that not all
mengklarifikasi bahwa tidak seluruh informasi accounting policy information related to
kebijakan akuntansi terkait dengan transaksi, transactions, events or other material conditions
kejadian atau kondisi material lainnya adalah is material to the financial statements.
material terhadap laporan keuangan.
Dalam menentukan informasi materialitas In assessing the materiality information, need to
diperlukan pertimbangan ukuran dan sifat consider the size and nature of the transactions,
transaksi, kejadian-kejadian serta kondisi- other events or conditions.
kondisi lainnya.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 86
Page 719
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
af. Perubahan kebijakan akuntansi dan af. Change in accounting policies and
pengungkapan (lanjutan) disclosures (continued)
Amandemen PSAK 1, “Penyajian Laporan Amendments to SFAS 1, “Classification of
Keuangan tentang Klasifikasi Liabilitas Liabilities as Current or Non-current”.
sebagai Jangka Pendek atau Jangka
Panjang”.
Amandemen PSAK 1 mengklarifikasi bahwa The amendment to SFAS 1 clarify that liabilities
liabilitas diklasifikasikan sebagai lancar atau are classified as either current or non-current,
tidak lancar, tergantung pada hak untuk depending on the rights to defer settlement of
menunda penyelesaian liabilitas yang ada pada liabilities that exist at the end of the reporting
akhir periode pelaporan. period.
Amandemen PSAK 16, “Aset Tetap tentang Amendments to SFAS 16: Fixed Assets -
Hasil Sebelum Penggunaan yang Proceeds before Intended Use
Diintensikan”.
Amendemen ini mengklarifikasi contoh biaya This amendment clarifies examples of costs that
yang dapat diatribusikan secara langsung ke can be directly attributed to the acquisition cost
dalam nilai perolehan aset. Amandemen ini of assets. This amendment adds the following
menambahkan pengaturan atas: arrangements:
Larangan pengurangan biaya perolehan Prohibit the deduction of recognition of sales
aset pada pengakuan hasil penjualan dan proceeds and acquisition costs of items
biaya perolehan atas item yang dihasilkan produced when transport fixed assets to the
saat membawa aset tetap ke lokasi dan required locations and conditions in
kondisi yang diperlukan sesuai dengan accordance with management's intentions in
intensi manajemen dalam Laba Rugi. Profit and Loss.
Pengukuran biaya perolehan atas item Measurement of the cost of acquisition of
tersebut dengan menerapkan persyaratan the item by applying the measurement
pengukuran dalam PSAK 14: Persediaan. requirements in SFAS 14: Inventory.
Amendemen PSAK 25: “Kebijakan Amendment to SFAS 25, “Accounting
Akuntansi, Perubahan Estimasi Akuntansi Policies, Changes in Accounting Estimates
dan Kesalahan tentang Definisi Estimasi and Errors about the Definition of
Akuntansi”. Accounting Estimates.”
Amendemen PSAK 25 ini memperkenalkan This amendment to SFAS 25 introduces the
definisi estimasi akuntansi dan mengklarifikasi: definition of accounting estimates and clarifies:
Teknik estimasi dan teknik penilaian Estimation techniques and valuation
merupakan contoh dari teknik pengukuran techniques are examples of
yang digunakan dalam mengembangkan measurement techniques used in
estimasi akuntansi. developing accounting estimates.
Perubahan dalam estimasi akuntansi Changes in accounting estimates as a
sebagai hasil informasi baru atau result of new information or new
perkembangan baru yang bukan developments that do not constitute
merupakan koreksi kesalahan. error correction.
87 PT Bank Maybank Indonesia Tbk 2023 Annual Report 717
Page 720
718
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
af. Perubahan kebijakan akuntansi dan af. Change in accounting policies and
pengungkapan (lanjutan) disclosures (continued)
Amendemen PSAK 46: “Pajak Penghasilan Amendment to SFAS 46, “Deferred Tax
tentang Pajak Tangguhan terkait Aset dan related to Assets and Liabilities arising from
Liabilitas yang Timbul dari Transaksi a Single Transaction”
Tunggal”.
Amandemen PSAK 46 ini mengharuskan This amendment to SFAS 46 require companies
perusahaan untuk mengakui pajak tangguhan to recognise deferred tax on transaction that, on
atas transaksi yang pada pengakuan awal initial recognition, give rise to equal amounts of
menimbulkan jumlah yang sama dari perbedaan taxable and deductible temporary differences.
sementara kena pajak dan yang dapat
dikurangkan.
Amendemen PSAK 107: “Ijarah”. Amendment to SFAS 107, “Ijarah”
Amandemen PSAK 107 ini untuk This amendment to SFAS 107 is to
mengakomodasi perkembangan bisnis syariah, accommodate the development in the syariah
tidak hanya di sektor keuangan tetapi juga business, not only on the financial sector but
sektor riil yang menggunakan pengaturan also the real sector which use ijarah
ijarah. arrangement.
Siaran Pers Dewan Standar Akuntansi Financial Accounting Standards Board of
Keuangan Ikatan Akuntan Indonesia (DSAK the Institute of Indonesia Chartered
IAI) mengenai “Pengatribusian Imbalan Accountants (DSAK IAI) Press Release
pada Periode Jasa” regarding “Attributing Benefits to Periods of
Service”
Pada bulan April 2022, DSAK IAI mengeluarkan In April 2022, DSAK IAI issued a press release
siaran pers mengenai “Pengatribusian Imbalan regarding “Attributing Benefits to Periods of
pada Periode Jasa” sebagai bahan penjelasan Service” as an explanatory material to the
terhadap persyaratan yang relevan dari PSAK relevant requirements of SFAS 24 “Employee
24, “Imbalan Kerja”, yang secara khusus benefits”, which specifically explains how to
menjelaskan cara mengatribusikan imbalan attribute pension benefits to periods of service
pensiun pada periode jasa program pensiun for pension plans with specific patterns based
dengan pola tertentu berdasarkan undang- on the applicable laws in Indonesia.
undang yang berlaku di Indonesia.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 88
Page 721
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
af. Perubahan kebijakan akuntansi dan af. Change in accounting policies and
pengungkapan (lanjutan) disclosures (continued)
Siaran Pers Dewan Standar Akuntansi Financial Accounting Standards Board of
Keuangan Ikatan Akuntan Indonesia (DSAK the Institute of Indonesia Chartered
IAI) mengenai “Pengatribusian Imbalan Accountants (DSAK IAI) Press Release
pada Periode Jasa” (lanjutan) regarding “Attributing Benefits to Periods of
Service” (continued)
Siaran pers tersebut diterbitkan sehubungan The press release was issued in relation to IFRS
dengan IFRS Interpretation Committee (IFRIC) Interpretation Committee (IFRIC) IAS 19
Agenda Decision IAS 19 Employee Benefits Employee Benefits Agenda Decision on
mengenai Attributing Benefit to Periods of Attributing Benefit to Periods of Service in May
Service pada bulan Mei 2021. DSAK IAI menilai 2021. DSAK IAI assesses that the fact pattern
bahwa pola fakta program pensiun berbasis of the pension program based on the Labor Law
Undang-Undang Ketenagakerjaan yang berlaku currently in force in Indonesia is similar to the
di Indonesia saat ini memiliki pola fakta serupa pattern of facts in the IFRIC Agenda Decision.
dengan pola fakta dalam IFRIC Agenda With similarity of fact pattern, the accounting
Decision tersebut. Dengan pola fakta yang treatment in the IFRIC Agenda Decision is
serupa tersebut, maka perlakuan akuntansi relevant to be applied in a pension program
dalam IFRIC Agenda Decision relevan untuk based on the Labor Law.
diterapkan dalam program pensiun berbasis
Undang-Undang Ketenagakerjaan.
Bank dan entitas anaknya telah menerapkan The Bank and subsidiaries has applied the
persyaratan dari siaran pers dan telah requirements of the press release and has
melakukan perikatan dengan aktuaris engaged with an independent actuary to
independen untuk menghitung dampak dari calculate the impact of change in accounting
perubahan kebijakan akuntansi ini sejak awal policy from the beginning of the comparative
periode komparatif yang disajikan. period disclosed.
89 PT Bank Maybank Indonesia Tbk 2023 Annual Report 719
Page 722
720
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING AND JUDGMENTS
Dalam proses penerapan kebijakan akuntansi Bank In the process of applying the Bank and
dan entitas anak, manajemen telah melakukan subsidiaries’ accounting policies, management has
pertimbangan profesional dan estimasi dalam exercised professional judgment and estimates in
menentukan jumlah yang diakui dalam laporan determining the amounts recognized in the
keuangan konsolidasian. Beberapa pertimbangan consolidated financial statements. The several
profesional dan estimasi yang signifikan adalah significant uses of the professional judgment and
sebagai berikut: estimates are as follows:
Usaha yang berkelanjutan Going concern
Manajemen Bank dan entitas anak telah melakukan The Bank and subsidiaries’ management has made
penilaian atas kemampuan Bank dan entitas anak an assessment of the Bank and subsidiaries’ ability
untuk melanjutkan kelangsungan usahanya dan to continue as a going concern and is satisfied that
berkeyakinan bahwa Bank dan entitas anak the Bank and subsidiaries has the resources to
memiliki sumber daya untuk melanjutkan usahanya continue its business for the foreseeable future.
di masa mendatang. Selain itu, manajemen tidak Furthermore, the management is not aware of any
mengetahui adanya ketidakpastian material yang material uncertainties that may cast significant
dapat menimbulkan keraguan yang signifikan doubt upon the Bank and subsidiaries’ ability to
terhadap kemampuan Bank dan entitas anak untuk continue as a going concern. Therefore, the
melanjutkan kelangsungan usahanya. Oleh karena consolidated financial statements continue to be
itu, laporan keuangan konsolidasian telah disusun prepared on the going concern basis.
atas dasar usaha yang berkelanjutan.
Klasifikasi Aset dan Liabilitas Keuangan Classification of the Financial Assets and Liabilities
Bank dan entitas anak menetapkan klasifikasi atas Bank and subsidiaries determine the classification
aset dan liabilitas tertentu sebagai aset keuangan of certain assets and liabilities as financial assets
dan liabilitas keuangan dengan mempertimbangkan and financial liabilities by judging if they meet the
bila definisi yang ditetapkan PSAK No. 55 dipenuhi. definition set forth in SFAS No. 55. Accordingly, the
Dengan demikian, aset keuangan dan liabilitas financial assets and financial liabilities are
keuangan diakui sesuai dengan kebijakan akuntansi accounted for in accordance with the accounting
seperti yang diungkapkan pada Catatan 2. policies as disclosed in Note 2.
Nilai wajar atas instrumen keuangan (Catatan 52) Fair value of financial instruments (Note 52)
Bila nilai wajar aset keuangan dan liabilitas When the fair values of financial assets and
keuangan yang tercatat pada laporan posisi financial liabilities recorded on the consolidated
keuangan konsolidasian tidak tersedia di pasar aktif, statements of financial position cannot be derived
nilainya ditentukan dengan menggunakan berbagai from active markets, they are determined using a
teknik penilaian termasuk penggunaan model variety of valuation techniques that include the use
matematika. Masukan (input) untuk model ini of mathematical models. The inputs to these
berasal dari data pasar yang bisa diamati sepanjang models are derived from observable market data
data tersebut tersedia. Bila data pasar yang bisa where possible. But when observable market data
diamati tersebut tidak tersedia, pertimbangan are not available, management’s judgment is
manajemen diperlukan untuk menentukan nilai required to establish fair values. The management’s
wajar. Pertimbangan manajemen tersebut judgments include considerations of liquidity and
mencakup pertimbangan likuiditas dan masukan model inputs such as volatility for long-term
model seperti volatilitas untuk transaksi derivatif derivatives and discount rates, early payment rates
yang berjangka waktu panjang dan tingkat diskonto, and default rate assumptions.
tingkat pelunasan dipercepat dan asumsi tingkat
gagal bayar.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 90
Page 723
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Nilai wajar atas instrumen keuangan (Catatan 52) Fair value of financial instruments (Note 52)
(lanjutan) (continued)
Bank dan entitas anak menampilkan nilai wajar atas The Bank and subsidiaries present the fair value of
instrumen keuangan berdasarkan hirarki nilai wajar financial instruments based on the following fair
sebagai berikut: value hierarchy:
1. Tingkat 1: harga kuotasian (tanpa penyesuaian) 1. Level 1: quoted prices (unadjusted) in active
di pasar aktif aset atau liabilitas yang identik. markets for identical assets or liabilities.
2. Tingkat 2: teknik lain atas semua input yang 2. Level 2: other techniques for which all inputs
memiliki efek signifikan terhadap nilai wajar which have a significant effect on the recorded
yang tercatat dapat diobservasi, baik secara fair value are observable, either directly or
langsung maupun tidak langsung. indirectly.
3. Tingkat 3: teknik yang mengunakan input yang 3. Level 3: techniques which use inputs that have
memiliki pengaruh signifikan terhadap nilai a significant effect on the recorded fair value
wajar yang tercatat yang tidak berdasarkan data that are not based on observable market data.
pasar yang dapat diobservasi.
Penurunan nilai pinjaman yang diberikan dan Impairment losses on loans and receivables (Notes
piutang (Catatan 12 dan 13) 12 and 13)
PSAK 71 mensyaratkan penyertaan informasi tentang SFAS 71 requires inclusion of information about
kejadian masa lalu, kondisi saat ini dan perkiraan past events, current conditions and forecasts of
kondisi ekonomi masa depan. Perkiraan perubahan future economic conditions. The estimates of
dalam kerugian kredit yang diharapkan harus changes in expected credit losses should reflect,
mencerminkan, dan secara langsung konsisten and be directionally consistent with, changes in
dengan, perubahan dalam data terkait yang related observable data from period to period. The
diobservasi dari periode ke periode. Perhitungan calculation of collective expected credit losses of
kerugian kredit ekspektasian secara kolektif atas aset financial assets requires estimation of forward-
keuangan membutuhkan estimasi forward looking dari looking Probability of Default (PD), Loss Given
Probability of Default (PD), Loss Given Default (LGD) Default (LGD) and Exposure at Default (EAD).
dan Exposure at Default (EAD).
Bank dan entitas anak membentuk cadangan The Bank and subsidiaries determine collective
kerugian penurunan nilai kolektif atas eksposur impairment allowance for their loans portfolio, in
pinjaman yang diberikan yang dimiliki, dimana which the evaluation are conducted for each
evaluasi dilakukan terhadap setiap kelompok bisnis business segment based on historical loss
berdasarkan data kerugian historis. experiences.
Bank dan entitas anak juga menelaah aset The Bank and subsidiaries also review their
keuangan yang signifikan secara individual pada individually financial assets at each consolidated
setiap tanggal laporan posisi keuangan statements of financial position dates to assess
konsolidasian untuk menilai apakah penurunan nilai whether an impairment loss should be recorded in
harus dicatat dalam laporan laba rugi dan the consolidated statement of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. In particular,
Secara khusus, pertimbangan manajemen judgment by the management is required in the
diperlukan dalam estimasi jumlah dan waktu arus estimation of the amount and timing of future cash
kas di masa mendatang ketika menentukan flows when determining the impairment losses. In
kerugian penurunan nilai. Dalam estimasi arus kas estimating these cash flows, the Bank makes
tersebut, Bank melakukan penilaian atas kondisi judgments about the borrower’s financial condition
keuangan peminjam dan nilai realisasi neto agunan. and the net realizable value of collateral. These
Estimasi tersebut didasarkan pada asumsi dari estimates are based on assumptions from a number
sejumlah faktor dan hasil akhirnya mungkin of factors and actual results may differ, resulting in
berbeda, yang mengakibatkan perubahan di masa future changes to the amount of impairment
mendatang atas cadangan penurunan nilai. allowance.
91 PT Bank Maybank Indonesia Tbk 2023 Annual Report 721
Page 724
722
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Penurunan nilai efek hutang (Catatan 9) Impairment of debt securities (Note 9)
Bank dan entitas anak juga membentuk cadangan The Bank and subsidiaries also determine collective
kerugian penurunan nilai kolektif atas eksposur efek impairment allowance for their debt securities
hutang yang dimiliki, dimana evaluasi dilakukan portfolio, in which the evaluation are conducted for
terhadap setiap kelompok aset keuangan tersebut each the financial assets segment based on
berdasarkan data kerugian historis. historical loss experiences.
Bank dan entitas anak melakukan penelaahan atas The Bank and subsidiaries review their debt
efek utang yang diklasifikasikan sebagai diukur securities classified as fair value through other
dalam nilai wajar melalui penghasilan komprehensif comprehensive income at each consolidated
lainnya pada setiap tanggal laporan posisi statements of financial position dates to assess
keuangan konsolidasian untuk menilai apakah telah whether they are impaired. This requires similar
terjadi penurunan nilai. Penilaian tersebut judgment as applied to the individual assessment of
memerlukan pertimbangan yang sama seperti yang loans.
diterapkan pada penilaian secara individual atas
kredit yang diberikan.
Penetapan masa sewa untuk kontrak sewa dengan Determination of the lease term for lease contracts
opsi pembaruan dan penghentian (Bank sebagai with renewal and termination options (Bank as a
penyewa) (Catatan 15) lessee) (Note 15)
Bank menentukan masa sewa sebagai periode The Bank determines the lease term as the non-
sewa yang tidak dapat dibatalkan, serta periode cancellable term of the lease, together with any
yang dicakup oleh opsi untuk memperpanjang periods covered by an option to extend the lease if
sewa, jika penyewa cukup pasti untuk it is reasonably certain to be exercised, or any
mengeksekusi opsi tersebut, dan periode yang periods covered by an option to terminate the lease,
dicakup oleh opsi untuk menghentikan sewa, jika if it is reasonably certain not to be exercised.
penyewa cukup pasti untuk tidak mengeksekusi
opsi tersebut.
Aset pajak tangguhan (Catatan 24c) Deferred tax assets (Note 24c)
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for over the
penghasilan terpulihkan (recoverable) pada periode future recoverable taxable income arising from
mendatang sebagai akibat perbedaan temporer deductible temporary difference. Management’s
yang boleh dikurangkan. Pertimbangan manajemen judgment is required to determine the amount of
diperlukan untuk menentukan jumlah aset pajak deferred tax assets that can be recognized, based
tangguhan yang dapat diakui, sesuai dengan waktu upon the likely timing on level of future taxable
yang tepat dan tingkat laba fiskal di masa profits together with future tax planning strategics.
mendatang sejalan dengan strategi rencana
perpajakan ke depan.
Provisi Perpajakan (Catatan 25) Provision for taxes (Note 25)
Bank menentukan provisi perpajakan berdasarkan The Bank provides for tax provision based on
estimasi atas kemungkinan adanya tambahan estimates whether additional taxes will be due.
beban pajak. Jika hasil akhir dari hal ini berbeda Where the final tax outcome of these matters is
dengan jumlah yang dicatat semula, maka different from the amounts that were initially
perbedaan tersebut akan berdampak terhadap laba recorded, such differences will impact the profit or
atau rugi. loss.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 92
Page 725
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Pensiun (Catatan 47) Pension (Note 47)
Program-program pensiun ditentukan berdasarkan Pension plans are determined based on actuarial
perhitungan dari aktuaria. Perhitungan aktuaria valuation. The actuarial valuation involves
menggunakan asumsi-asumsi seperti tingkat assumptions such as discount rate, expected rate
diskonto, tingkat pengembalian investasi, tingkat of returns on investments, future salary increase
kenaikan gaji, tingkat kematian, tingkat rate, mortality rate, resignation rates and others.
pengunduran diri dan lain-lain.
Karena program tersebut memiliki sifat jangka Due to the long-term nature of these plans, such
panjang, maka perkiraan tersebut memiliki estimates are subject to significant uncertainty.
ketidakpastian yang signifikan.
Revaluasi atas tanah (Catatan 15) Revaluation of land (Note 15)
Bank dan entitas anak menggunakan spesialis The Bank and subsidiaries engaged an
penilai independen untuk menilai nilai wajar atas independent valuation specialist to assess fair value
tanah. Tanah dinilai berdasarkan referensi atas for revalued land. Lands were valued by reference
bukti berdasarkan pasar, menggunakan nilai yang to market-based evidence, using comparable prices
dapat diukur setelah disesuaikan dengan faktor adjusted for specific market factors such as location
pasar spesifik seperti lokasi dan kondisi dari tanah. and condition of the land.
4. KAS 4. CASH
31 Desember/December 31
2023 2022
Rupiah 1.444.833 1.380.421 Rupiah
Dolar Amerika Serikat 76.903 117.378 United States Dollar
Mata uang asing lainnya 48.294 27.156 Other foreign currencies
1.570.030 1.524.955
Pada tanggal 31 Desember 2023, saldo dalam mata As of December 31, 2023, the Rupiah balances
uang Rupiah termasuk uang pada mesin include cash in ATMs (Automatic Teller Machines)
ATM (Automatic Teller Machines) sejumlah amounting to Rp129,545 (December 31, 2022:
Rp129.545 (31 Desember 2022: Rp148.483). Rp148,483).
Kas dalam mata uang asing lainnya terdiri dari Dolar Cash in other foreign currencies are denominated
Australia, Dolar Singapura, Euro Eropa, Rupee India, in Australian Dollar, Singapore Dollar, European
Yen Jepang, Poundsterling Inggris dan Baht Thailand. Euro, Indian Rupee, Japanese Yen, Great Britain
Poundsterling and Thailand Baht.
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
93 PT Bank Maybank Indonesia Tbk 2023 Annual Report 723
Page 726
724
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
31 Desember/December 31
2023 2022
Rupiah 6.993.021 8.486.822 Rupiah
Dolar Amerika Serikat 1.159.085 1.167.444 United States Dollar
8.152.106 9.654.266
Giro wajib minimum (GWM) Bank pada tanggal The minimum statutory reserves of the Bank as of
31 Desember 2023 untuk mata uang Rupiah terdiri December 31, 2023 for Rupiah consist of daily
dari GWM utama harian, rata-rata dan Penyangga Primary Minimum Statutory Reserves and
Likuiditas Makroprudensial (PLM) masing-masing averages, and Macroprudential Liquidity Buffer of
sebesar 7,12%, 8,81% dan 26,98% (31 Desember 7.12%, 8.81% and 26.98% (December 31, 2022:
2022: 8,47%, 8,18% dan 24,14%) dan GWM untuk 8.47%, 8.18% and 24.14%), respectively, and
Valuta Asing sebesar 4,58% (31 Desember 2022: Foreign Currencies Minimum Statutory Reserves of
4,45%). 4.58% (December 31, 2022: 4.45%).
Pada tanggal 31 Desember 2023 dan 2022, Rasio On December 31, 2023 and 2022, the Bank’s
Intermediasi Makroprudensial (RIM) berada dalam Macroprudential Intermediation Ratio (RIM) was
kisaran RIM target. Pada tanggal 31 Desember within the RIM target range. On December 31, 2023
2023 dan 2022, Kewajiban Penyediaan Modal and 2022, Capital Adequacy Ratio (CAR) of the
Minimum (KPMM) Bank lebih besar dari KPMM Bank was greater than CAR incentives.
insentif.
Bank telah memenuhi ketentuan BI yang berlaku The Bank has fulfilled BI’s regulation regarding
tentang Giro Wajib Minimum Bank Umum. Statutory Reserve Requirement on Commercial
Bank.
Infomasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang currency
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pihak ketiga Third parties
PT Bank Central Asia Tbk 91.079 78.961 PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 20.333 223.566 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 18.308 24.313 (Persero) Tbk
PT Bank Pan Indonesia Tbk 7.076 7.301 PT Bank Pan Indonesia Tbk
Lain-lain 14.550 5.289 Others
Sub-jumlah - Rupiah 151.346 339.430 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pihak berelasi (Catatan 44) Related parties (Note 44)
Malayan Banking Berhad, Malayan Banking Berhad,
Kuala Lumpur 83.585 41.729 Kuala Lumpur
Malayan Banking Berhad, Shanghai 5.466 2.403 Malayan Banking Berhad, Shanghai
Malayan Banking Berhad, Hongkong 4.768 7.492 Malayan Banking Berhad, Hongkong
Malayan Banking Berhad, London 2.999 2.784 Malayan Banking Berhad, London
UBS AG, Switzerland - 3.524 UBS AG, Switzerland
96.818 57.932
PT Bank Maybank Indonesia Tbk 2023 Annual Report 94
Page 727
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang (lanjutan) currency (continued)
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
JP Morgan Chase N.A., New York 1.104.665 740.603 JP Morgan Chase N.A., New York
Wachovia Bank, Carolina Utara 363.809 39.903 Wachovia Bank, North Carolina
Citibank, N.A., Jakarta 86.466 90.220 Citibank, N.A., Jakarta
Citibank, N.A., New York 74.598 38.723 Citibank, N.A., New York
Standard Chartered Bank, New York 47.712 64.424 Standard Chartered Bank, New York
Development Bank of Singapore, Development Bank of Singapore,
Singapura 47.669 61.924 Singapore
Bank of America 44.763 58.887 Bank of America
Barclays Bank Plc, London 36.040 28.160 Barclays Bank Plc, London
ANZ Banking Group Ltd., Melbourne 31.343 56.203 ANZ Banking Group Ltd., Melbourne
Bank of New York, New York 16.494 15.949 Bank of New York, New York
Wells Fargo Bank, N.A., Wells Fargo Bank, N.A.,
San Francisco 16.335 10.063 San Francisco
Sumitomo Mitsui Banking Sumitomo Mitsui Banking
Corporation, Tokyo 15.550 33.981 Corporation, Tokyo
Deutsche Bank AG, New York 13.510 82.525 Deutsche Bank AG, New York
Shinkin Central Bank 11.264 39.043 Shinkin Central Bank
Reserve Bank of India, Mumbai 6.090 8.525 Reserve Bank of India, Mumbai
PT Bank ICBC Indonesia 5.825 40.432 PT Bank ICBC Indonesia
Bank of Montreal 5.242 4.210 Bank of Montreal
Commonwealth Bank of Australia, Commonwealth Bank of Australia,
Sydney 4.518 6.409 Sydney
United Overseas Bank (UOB), United Overseas Bank (UOB),
Singapura 4.494 - Singapore
UBS AG, Switzerland 4.402 - UBS AG, Switzerland
Lain-lain 5.139 213.775 Others
1.945.928 1.633.959
Sub-jumlah - Mata uang asing 2.042.746 1.691.891 Sub-total - Foreign currencies
Jumlah 2.194.092 2.031.321 Total
Dikurangi: Cadangan
kerugian penurunan nilai (1.810) (1.537) Less: Allowance for impairment loss
2.192.282 2.029.784
Giro pada bank lain dalam mata uang asing Current accounts with other banks in foreign
terutama terdiri dari Dolar Amerika Serikat, currencies are mainly denominated in United
Dolar Australia, Dolar Kanada, Dolar Singapura, States Dollar, Australian Dollar, Canadian Dollar,
Dolar Selandia Baru, Euro Eropa, Franc Swiss, Singapore Dollar, New Zealand Dollar, European
Poundsterling Inggris, Yen Jepang, Yuan Euro, Swiss Franc, Great Britain Poundsterling,
Tiongkok, Rupee India, Ringgit Malaysia, Riyal Japanese Yen, Chinese Yuan, Indian Rupee,
Saudi Arabia, Dolar Hong Kong, dan Baht Malaysian Ringgit, Saudi Arabian Riyal, Hong
Thailand. Kong Dollar and Thailand Baht.
95 PT Bank Maybank Indonesia Tbk 2023 Annual Report 725
Page 728
726
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang (lanjutan) currency (continued)
Tidak terdapat saldo giro pada bank lain yang There were no current accounts with other banks
digunakan sebagai agunan pada tanggal which were under lien as of December 31, 2023
31 Desember 2023 dan 2022. and 2022.
Berdasarkan ketentuan OJK yang berlaku, Based on the prevailing OJK regulation, all
seluruh giro pada bank lain pada tanggal current accounts with other banks as of
31 Desember 2023 dan 2022, digolongkan December 31, 2023 and 2022, were classified as
sebagai lancar. current.
Informasi mengenai transaksi dengan pihak Information on related parties and maturities are
berelasi dan jatuh tempo masing-masing disclosed in Notes 44 and 54.
diungkapkan pada Catatan 44 dan 54.
b. Tingkat bunga rata-rata per tahun b. The average interest rates per annum
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 0,17% 0,15% Rupiah
Mata uang asing 0,22% 0,06% Foreign currencies
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk giro pada bank lain loss allowances of current accounts with other
adalah sebagai berikut: banks is as follows:
31 Desember/December 31, 2023
Stage 1*) Stage 2 Stage 3 Jumlah/Total
Nilai tercatat bruto awal 2.031.321 - - 2.031.321 Beginning gross carrying amount
Perubahan neto 176.732 - - 176.732 Net change
Aset baru 7.350 - - 7.350 New assets originated
Aset dihentikan pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (105) - - (105) (other than write-offs)
Selisih akibat perbedaan kurs (21.206) - - (21.206) Exchange rate differences
Nilai tercatat bruto akhir 2.194.092 - - 2.194.092 Ending gross carrying amount
*) Per 31 Desember 2023 dan 2022, terdapat transaksi Syariah *) As of December 31, 2023 and 2022, there are Sharia transactions
masing-masing sebesar Rp16.337 dan Rp10.067. amounted to Rp16,337 and Rp10,067, respectively.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 96
Page 729
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses (continued)
(lanjutan)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk giro pada bank lain loss allowances of current accounts with other
adalah sebagai berikut: (lanjutan) banks is as follows: (continued)
31 Desember/December 31, 2023
Stage 1**) Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 1.537 - - 1.537 allowances
Perubahan neto 290 - - 290 Net change
Aset baru 29 - - 29 New assets originated
Selisih akibat perbedaan kurs (46) - - (46) Exchange rate differences
Cadangan atas kerugian Ending expected credit loss
kredit ekspektasian akhir 1.810 - - 1.810 allowances
31 Desember/December 31, 2022
Stage 1*) Stage 2 Stage 3 Jumlah/Total
Nilai tercatat bruto awal 3.709.217 44.877 - 3.754.094 Beginning gross carrying amount
Transfer ke Stage 1 44.877 (44.877) - - Transfer to Stage 1
Perubahan neto (2.029.479) - - (2.029.479) Net change
Aset baru 41.492 - - 41.492 New assets originated
Aset dihentikan pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (149) - - (149) (other than write-offs)
Selisih akibat perbedaan kurs 265.363 - - 265.363 Exchange rate differences
Nilai tercatat bruto akhir 2.031.321 - - 2.031.321 Ending gross carrying amount
31 Desember/December 31, 2022
Stage 1**) Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 3.895 1.281 - 5.176 allowances
Transfer ke Stage 1 1.281 (1.281) - - Transfer to Stage 1
Perubahan neto (3.755) - - (3.755) Net change
Aset baru 9 - - 9 New assets originated
Selisih akibat perbedaan kurs 107 - - 107 Exchange rate differences
Cadangan atas kerugian Ending expected credit loss
kredit ekspektasian akhir 1.537 - - 1.537 allowances
*) Per 31 Desember 2023 dan 2022, terdapat transaksi Syariah *) As of December 31, 2023 and 2022, there are Sharia transactions
masing-masing sebesar Rp16.337 dan Rp10.067. amounted to Rp16,337 and Rp10,067, respectively.
**) Per 31 Desember 2023 dan 2022, terdapat cadangan atas **) As of December 31, 2023 and 2022, there are expected credit losses
kerugian ekspektasian transaksi Syariah masing-masing sebesar for Sharia transactions amounted to Rp163 and Rp101, respectively.
Rp163 dan Rp101.
Cadangan kerugian penurunan nilai dihitung Allowance for impairment losses is calculated
sesuai dengan kebijakan pada Catatan 2o. using policy which is inline with Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
97 PT Bank Maybank Indonesia Tbk 2023 Annual Report 727
Page 730
728
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN OTHER BANKS
a. Berdasarkan pihak berelasi, mata uang, a. By related parties, currency, type,
jenis, pihak lawan dan jangka waktu counterparties and contractual period
kontraktual
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain berdasarkan pihak berelasi, mata uang, banks by related parties, currency, type and
jenis dan pihak lawan dapat dirinci sebagai counterparties are as follows:
berikut:
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
Rupiah Rupiah
Sertifikat deposito Certificate of deposit
PT Bank Syariah Indonesia Tbk 200.000 300.000 PT Bank Syariah Indonesia Tbk
Penempatan pada Bank Indonesia Placement with Bank Indonesia
Fasilitas simpanan Deposit facilities of
Bank Indonesia Syariah - 500.000 Bank Indonesia Sharia
Sub-jumlah - Rupiah 200.000 800.000 Sub-total - Rupiah
Mata uang asing Foreign currencies
Call money Call money
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 58.382 - (Persero) Tbk
Reserve Bank of India, Mumbai 5.555 16.930 Reserve Bank of India, Mumbai
63.937 16.930
Deposito berjangka Time deposit
Bank Indonesia 2.232.565 1.712.425 Bank Indonesia
Sub-jumlah - Mata uang asing 2.296.502 1.729.355 Sub-total - Foreign currencies
2.496.502 2.529.355
Dikurangi: Cadangan Less: Allowance for impairment
Kerugian penurunan nilai (2.016) (3.000) losses
Jumlah 2.494.486 2.526.355 Total
PT Bank Maybank Indonesia Tbk 2023 Annual Report 98
Page 731
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
a. Berdasarkan pihak berelasi, mata uang, a. By related parties, currency, type,
jenis, pihak lawan dan jangka waktu counterparties and contractual period
kontraktual (lanjutan) (continued)
Jangka waktu kontraktual penempatan pada Contractual period of placement with Bank
Bank Indonesia dan bank lain adalah sebagai Indonesia and other banks are as follows:
berikut:
31 Desember/December 31
2023 2022
Rupiah Rupiah
Penempatan pada Bank Indonesia - 3 hari/days Placement with Bank Indonesia
Sertifikat deposito 7 hari/days 14 hari/days Certificate of deposits
Mata uang asing Foreign currencies
Deposito berjangka 4 - 14 hari/days 4 hari/days Time deposits
Call money 1 - 31 hari/days 3 hari/days Call money
Berdasarkan ketentuan OJK yang berlaku, Based on the prevailing OJK Regulation, all
seluruh penempatan pada Bank Indonesia dan placements with Bank Indonesia and other
bank lain pada tanggal-tanggal 31 Desember banks as of December 31, 2023 and 2022, were
2023 dan 2022 digolongkan sebagai lancar. classified as current.
b. Berdasarkan sisa umur sampai dengan b. Based on remaining period until maturity:
jatuh tempo:
31 Desember/December 31
2023 2022
Rupiah Rupiah
<= 1 bulan 200.000 800.000 <= 1 month
Mata uang asing Foreign currencies
<= 1 bulan 2.296.502 1.729.355 <= 1 month
2.496.502 2.529.355
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
99 PT Bank Maybank Indonesia Tbk 2023 Annual Report 729
Page 732
730
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
c. Tingkat suku bunga rata-rata per tahun c. The average interest rates per annum
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah Rupiah
Penempatan pada Placements with
Bank Indonesia - 3,25% Bank Indonesia
Sertifikat deposito 6,08% 3,77% Certificate of deposits
Mata uang asing Foreign currencies
Deposito berjangka 5,06% 1,84% Time deposits
Call money 5,94% 2,90% Call money
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, there were
tidak terdapat penempatan pada Bank no placements with Bank Indonesia and other
Indonesia dan bank lain yang dijaminkan. banks which are pledged.
d. Cadangan kerugian penurunan nilai d. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk penempatan pada loss allowances of placement with Bank
Bank Indonesia dan bank lain adalah sebagai Indonesia and other banks is as follows:
berikut:
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 1.729.355 - - 800.000 2.529.355 Beginning gross carrying amount
Aset baru 1.449.667 - - 1.046.835 2.496.502 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (1.729.355) - - (800.000) (2.529.355) (other than write-offs)
Nilai tercatat bruto akhir 1.449.667 - - 1.046.835 2.496.502 Ending gross carrying amount
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal - - - 3.000 3.000 allowance
Aset baru 16 - - 2.000 2.016 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (16) - - (3.000) (3.016) (other than write-offs)
Selisih akibat perbedaan kurs 16 - - - 16 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 16 - - 2.000 2.016 allowance
*) Tidak menerapkan PSAK 71 *) Not implement SFAS 71
PT Bank Maybank Indonesia Tbk 2023 Annual Report 100
Page 733
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
d. Cadangan kerugian penurunan nilai d. Allowance for impairment losses
(lanjutan) (continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk penempatan pada loss allowances of placement with Bank
Bank Indonesia dan bank lain adalah sebagai Indonesia and other banks is as follows:
berikut: (lanjutan) (continued)
31 Desember/December 31, 2022**)
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 9.759.766 - - 4.635.550 14.395.316 Beginning gross carrying amount
Aset baru 1.729.346 - - 800.000 2.529.346 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (9.759.757) - - (4.635.550) (14.395.307) (other than write-offs)
Nilai tercatat bruto akhir 1.729.355 - - 800.000 2.529.355 Ending gross carrying amount
31 Desember/December 31, 2022**)
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal - - - - - allowance
Aset baru - - - 3.000 3.000 New assets originated
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir - - - 3.000 3.000 allowance
*) Tidak menerapkan PSAK 71 *) Not implement SFAS 71
**) Disesuaikan dengan penyajian tahun 2023 **) Conform with the presentation in 2023
Cadangan kerugian penurunan nilai dihitung Allowance for impairment losses is calculated
sesuai dengan kebijakan pada Catatan 2o. using policy which is inline with Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
101 PT Bank Maybank Indonesia Tbk 2023 Annual Report 731
Page 734
732
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
8. EFEK-EFEK YANG DIPERDAGANGKAN 8. TRADING SECURITIES
a. Berdasarkan jenis dan mata uang a. By type and currency
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
Rupiah Rupiah
Surat Utang Negara 870.738 471.892 Government Promissory Notes
Surat Perbendaharaan Negara 385.933 - State Treasury Notes
1.256.671 471.892
Mata uang asing Foreign currency
Surat Utang Negara 41.016 7.944 Government Promissory Notes
1.297.687 479.836
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, all the
seluruh efek-efek yang diperdagangkan trading securities are classified as current.
dikategorikan lancar.
Pada tanggal 31 Desember 2023 dan 2022 As of December 31, 2023 and 2022, there were
tidak terdapat transaksi dengan pihak berelasi. no transactions with related parties.
b. Berdasarkan golongan penerbit efek b. By issuer
31 Desember/December 31
2023 2022
Rupiah Rupiah
Government and state-owned
Pemerintah dan BUMN 1.256.671 471.892 enterprises
Mata uang asing Foreign currency
Government and state-owned
Pemerintah dan BUMN 41.016 7.944 enterprises
1.297.687 479.836
c. Berdasarkan tanggal jatuh tempo dan c. By maturity and rating of marketable
peringkat efek securities
31 Desember/December 31
2023 2022
Rupiah Rupiah
<= 1 tahun 407.578 18.637 <= 1 year
> 1 tahun - 5 tahun 373.577 219.054 > 1 year - 5 years
> 5 tahun - 10 tahun 98.169 97.263 > 5 years - 10 years
> 10 tahun 377.347 136.938 > 10 years
1.256.671 471.892
Mata uang asing Foreign currency
> 1 tahun - 5 tahun 1.689 4.465 > 1 year - 5 years
> 5 tahun - 10 tahun 12.987 2.242 > 5 years - 10 years
> 10 tahun 26.340 1.237 > 10 years
41.016 7.944
1.297.687 479.836
PT Bank Maybank Indonesia Tbk 2023 Annual Report 102
Page 735
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
8. EFEK-EFEK YANG DIPERDAGANGKAN 8. TRADING SECURITIES (continued)
(lanjutan)
c. Berdasarkan tanggal jatuh tempo dan c. By maturity and rating of marketable
peringkat efek (lanjutan) securities (continued)
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, trading
peringkat efek-efek yang diperdagangkan untuk securities’ rating for Government Promissory
Surat Utang Negara (“SUN”), dan Surat Notes (“SUN”), and State Treasury Notes
Perbendaharaan Negara (“SPN”) adalah BBB (“SPN”) were BBB (S&P) and unrated.
(S&P) dan tanpa peringkat.
d. Tingkat bunga rata-rata per tahun: d. The average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 6,93% 6,90% Rupiah
Mata uang asing 3,89% 3,90% Foreign currency
9. INVESTASI KEUANGAN 9. FINANCIAL INVESTMENTS
Investasi keuangan, sebagaimana disebutkan dalam Financial investments, as stated in Note 2i, consisted
Catatan 2i, terdiri dari: of:
31 Desember/December 31
2023 2022
Efek-efek Marketable securities
Biaya perolehan yang diamortisasi 5.395.689 6.904.421 Amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain 25.188.492 21.524.897 comprehensive income
30.584.181 28.429.318
Penyertaan saham Investment in shares
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Pihak terkait (Catatan 44) 159.504 159.504 Related party (Note 44)
Pihak ketiga 8.289 10.865 Third parties
167.793 170.369
Jumlah 30.751.974 28.599.687 Total
Dikurangi : Cadangan kerugian Less : Allowance for
penurunan nilai impairment losses
- Efek-efek (397) (4.391) Marketable securities -
30.751.577 28.595.296
103 PT Bank Maybank Indonesia Tbk 2023 Annual Report 733
Page 736
734
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
Analisis atas perubahan dalam nilai tercatat bruto dan An analysis of change in the gross carrying amount
cadangan atas kerugian kredit ekspektasian terkait and the corresponding expected credit loss
untuk efek-efek adalah sebagai berikut: allowances of marketable securities is as follows:
31 Desember/December 31, 2023
Jumlah/
Stage 1**) Stage 2 Stage 3 Total
Nilai tercatat bruto awal 28.126.282 298.496 4.540 28.429.318 Beginning gross carrying amount
Transfer ke Stage 1 294.274 (294.274) - - Transfer to Stage 1
Aset baru 16.462.652 - - 16.462.652 New assets originated
Perubahan neto (219.451) - - (219.451) Net change
Aset dihentikan pengakuannya Asset derecognized
(selain karena penghapusbukuan) (14.060.887) (4.222) - (14.065.109) (other than write-offs)
Penghapusbukuan - - (4.540) (4.540) Write offs
Selisih akibat perbedaan kurs (18.689) - - (18.689) Exchange rate differences
Nilai tercatat bruto akhir 30.584.181 - - 30.584.181 Ending gross carrying amount
31 Desember/December 31, 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi Amortized cost
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 4.381 10 - 4.391 allowance
Aset baru 380 - - 380 New assets originated
Perubahan neto (174) - - (174) Net change
Aset dihentikan pengakuannya Asset derecognized
(selain karena penghapusbukuan) (4.143) (10) - (4.153) (other than write-offs)
Selisih akibat perbedaan kurs (47) - - (47) Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 397 - - 397 allowance
31 Desember/December 31, 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai wajar diukur melalui pendapatan Fair value through other
komprehensif lain comprehensive income
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 8.584 6.413 4.540 19.537 allowance
Transfer ke Stage 1 6.413 (6.413) - - Transfer to Stage 1
Perubahan neto (6.583) - - (6.583) Net change
Aset baru 5.605 - - 5.605 New assets originated
Aset dihentikan pengakuannya Asset derecognized
(selain karena penghapus bukuan) (2.169) - - (2.169) (other than write-offs)
Penghapusbukuan - - (4.540) (4.540) Write offs
Selisih akibat perbedaan kurs (7) - - (7) Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir *) 11.843 - - 11.843 allowance *)
*)
dicatat pada penghasilan komprehensif lain *) recorded in other comprehensive income
**)
Per 31 Desember 2023 dan 2022, terdapat transaksi Syariah masing-masing **) As of December 31, 2023 and 2022, there are Sharia transactions amounted to
sebesar Rp8.426.009 dan Rp11.442.976. Rp8,426,009 and Rp11,442,976, respectively.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 104
Page 737
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
Analisis atas perubahan dalam nilai tercatat bruto dan An analysis of change in the gross carrying amount
cadangan atas kerugian kredit ekspektasian terkait and the corresponding expected credit loss
untuk efek-efek adalah sebagai berikut: (lanjutan) allowances of marketable securities is as follows:
(continued)
31 Desember/December 31, 2022
Jumlah/
Stage 1**) Stage 2 Stage 3 Total
Nilai tercatat bruto awal 29.097.857 - 4.540 29.102.397 Beginning gross carrying amount
Transfer ke Stage 2 (300.738) 300.738 - - Transfer to Stage 2
Aset baru 12.419.509 - - 12.419.509 New assets originated
Perubahan neto (616.676) (2.242) - (618.918) Net change
Aset dihentikan pengakuannya Asset derecognized
(selain karena penghapusbukuan) (12.715.081) - - (12.715.081) (other than write-offs)
Selisih akibat perbedaan kurs 241.411 - - 241.411 Exchange rate differences
Nilai tercatat bruto akhir 28.126.282 298.496 4.540 28.429.318 Ending gross carrying amount
31 Desember/December 31, 2022
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi Amortized cost
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 5.453 - - 5.453 allowance
Aset baru 4 10 - 14 New assets originated
Perubahan neto (1.155) - - (1.155) Net change
Aset dihentikan pengakuannya Asset derecognized
(selain karena penghapusbukuan) (39) - - (39) (other than write-offs)
Selisih akibat perbedaan kurs 118 - - 118 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 4.381 10 - 4.391 allowance
31 Desember/December 31, 2022
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai wajar diukur melalui pendapatan Fair value through other
komprehensif lain comprehensive income
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 11.653 - 4.540 16.193 allowance
Transfer ke Stage 2 (1.264) 1.264 - - Transfer to Stage 2
Perubahan neto (53) 5.149 - 5.096 Net change
Aset baru 3.421 - - 3.421 New assets originated
Aset dihentikan pengakuannya Asset derecognized
(selain karena penghapus bukuan) (5.235) - - (5.235) (other than write-offs)
Selisih akibat perbedaan kurs 62 - - 62 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir *) 8.584 6.413 4.540 19.537 allowance *)
*)
dicatat pada penghasilan komprehensif lain *) recorded in other comprehensive income
**)
Per 31 Desember 2023 dan 2022, terdapat transaksi Syariah sebesar **) As of December 31, 2023 and 2022, there are Sharia transactions amounted to
Rp8.426.009 dan Rp11.442.976 Rp8,426,009 and Rp11,442,976, respectively
105 PT Bank Maybank Indonesia Tbk 2023 Annual Report 735
Page 738
736
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
Cadangan kerugian penurunan nilai dihitung secara Allowance for impairment losses is calculated using
individual dan sesuai dengan kualitas aset produktif individual assessment and according to earning
untuk perbankan syariah sesuai Catatan 2o. assets quality for sharia banking in Note 2o.
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai telah memadai. impairment losses is adequate.
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Perubahan keuntungan/(kerugian) yang belum Movements in unrealized gains/(losses) on changes
direalisasi atas perubahan nilai wajar investasi in fair value of fair value through other
keuangan yang diukur pada nilai wajar melalui comprehensive income financial investments - net
pendapatan komprehensif lain - setelah pajak of deferred tax and expected credit loss allowances:
tangguhan dan cadangan atas kerugian kredit
ekspektasian:
31 Desember/December 31
2023 2022
Saldo awal - sebelum pajak Beginning balance - before
penghasilan tangguhan (217.898) 402.704 deferred income tax
Perubahan keuntungan/(kerugian)
yang belum direalisasi selama Movement of unrealized
tahun berjalan - neto 146.317 (553.579) gains/(losses) during the year - net
Jumlah yang ditransfer ke laba rugi Amounts transferred to profit and loss
sehubungan dengan perubahan in respect of fair value change
nilai wajar investasi keuangan yang of fair value through other
diukur pada nilai wajar melalui comprehensive income
pendapatan komprehensif lain (145.249) (67.023) financial investments
Jumlah sebelum pajak penghasilan
tangguhan (216.830) (217.898) Total before deferred income tax
Pajak penghasilan tangguhan 50.557 52.104 Deferred income tax
Saldo akhir - neto (166.273) (165.794) Ending balance - net
PT Bank Maybank Indonesia Tbk 2023 Annual Report 106
Page 739
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
a. Berdasarkan jenis, mata uang dan a. By type, currency and OJK
klasifikasi OJK classification
Adapun detail dari masing-masing kategori The details for each category mentioned
tersebut di atas, adalah sebagai berikut: above are as follows:
31 Desember/December 31, 2023
Nilai nominal/ Keuntungan/
Nominal value Saldo yang (kerugian) Nilai tercatat/Carrying amount
Nilai belum yang belum Nilai wajar/Fair value
perolehan/ diamortisasi/ direalisasi/
Acquisition Unamortized Unrealized Lancar/
amount amount gains/(losses) Current Macet/Loss Jumlah/Total
Pihak ketiga Third parties
Rupiah Rupiah
Biaya perolehan
diamortisasi Amortized cost
Surat Utang Negara 4.880.000 3.463 - 4.883.463 - 4.883.463 Government Promissory Notes
Tagihan atas wesel ekspor 131.620 - - 131.620 - 131.620 Export bills receivables
Jumlah biaya perolehan
diamortisasi 5.011.620 3.463 - 5.015.083 - 5.015.083 Total amortized cost
Nilai wajar melalui
penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 10.717.868 - (76.565) 10.641.303 - 10.641.303 Government Promissory Notes
Sukuk Bank Indonesia 3.821.213 - 4.491 3.825.704 - 3.825.704 Sukuk Bank Indonesia
Obligasi korporasi 3.272.268 - (15.830) 3.256.438 - 3.256.438 Corporate bonds
Surat Berharga Syariah
Negara 3.282.671 - (26.725) 3.255.946 - 3.255.946 Sovereign Sharia Securities
Sekuritas Rupiah Bank Indonesia
Bank Indonesia 1.263.877 - (3.267) 1.260.610 - 1.260.610 Rupiah Securities
Sertifikat Deposito 123.524 - (249) 123.275 - 123.275 Negotiable Certificate Deposit
Surat Perbendaharaan
Negara Syariah 81.148 - 73 81.221 - 81.221 State Treasury Notes sharia
Medium-term Notes 50.000 - (433) 49.567 - 49.567 Medium-term Notes
Jumlah nilai wajar melalui
penghasilan Total fair value through other
komprehensif lain 22.612.569 - (118.505) 22.494.064 - 22.494.064 comprehensive income
Jumlah efek-efek - Total marketable securities -
Rupiah 27.624.189 3.463 (118.505) 27.509.147 - 27.509.147 Rupiah
Mata uang asing Foreign currencies
Biaya perolehan
diamortisasi Amortized cost
Tagihan atas wesel ekspor 279.073 - - 279.073 - 279.073 Export bills receivables
Surat Utang Negara 61.588 - - 61.588 - 61.588 Government Promissory Notes
Surat Berharga Syariah
Negara 30.794 - - 30.794 - 30.794 Sovereign Sharia Securities
Obligasi korporasi 9.151 - - 9.151 - 9.151 Corporate bonds
Jumlah biaya perolehan
diamortisasi 380.606 - - 380.606 - 380.606 Total amortized cost
Nilai wajar melalui
penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 1.113.254 - (69.122) 1.044.132 - 1.044.132 Government Promissory Notes
Surat Berharga
Syariah Negara 617.435 - (31.048) 586.387 - 586.387 Sovereign Sharia Securities
Obligasi korporasi 569.931 - (10.676) 559.255 - 559.255 Corporate bonds
Sukuk Bank Indonesia 307.940 - - 307.940 - 307.940 Sukuk Bank Indonesia
Sekuritas Valas Bank Indonesia
Bank Indonesia 153.825 - 26 153.851 - 153.851 Foreign Securities
Medium-term Notes 46.079 - (3.216) 42.863 - 42.863 Medium-term Notes
Jumlah nilai wajar melalui
penghasilan Total fair value through other
komprehensif lain 2.808.464 - (114.036) 2.694.428 - 2.694.428 comprehensive income
Jumlah efek-efek - Total marketable securities -
Mata uang asing 3.189.070 - (114.036) 3.075.034 - 3.075.034 Foreign currencies
Jumlah 30.813.259 3.463 (232.541) 30.584.181 - 30.584.181 Total
107 PT Bank Maybank Indonesia Tbk 2023 Annual Report 737
Page 740
738
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
a. Berdasarkan jenis, mata uang dan a. By type, currency and OJK
klasifikasi OJK (lanjutan) classification (continued)
Adapun detail dari masing-masing kategori The details for each category mentioned
tersebut di atas, adalah sebagai berikut: above are as follows: (continued)
(lanjutan)
31 Desember/December 31, 2022
Nilai nominal/ Keuntungan/
Nominal value Saldo yang (kerugian) Nilai tercatat/Carrying amount
Nilai belum yang belum Nilai wajar/Fair value
perolehan/ diamortisasi/ direalisasi/
Acquisition Unamortized Unrealized Lancar/
amount amount gains/(losses) Current Macet/Loss Jumlah/Total
Pihak ketiga Third parties
Rupiah Rupiah
Biaya perolehan
diamortisasi Amortized cost
Surat Utang Negara 4.980.000 59.930 - 5.039.930 - 5.039.930 Government Promissory Notes
Obligasi korporasi 745.000 - - 745.000 - 745.000 Corporate bonds
Tagihan atas wesel ekspor 55.050 - - 55.050 - 55.050 Export bills receivables
Jumlah biaya perolehan
diamortisasi 5.780.050 59.930 - 5.839.980 - 5.839.980 Total amortized cost
Nilai wajar melalui
penghasilan Fair value through other
komprehensif lain comprehensive income
Sukuk Bank Indonesia 7.740.086 - 4.760 7.744.846 - 7.744.846 Sukuk Bank Indonesia
Surat Utang Negara 5.823.194 - (60.064) 5.763.130 - 5.763.130 Government Promissory Notes
Surat Berharga Syariah
Negara 2.830.360 - (29.379) 2.800.981 - 2.800.981 Sovereign Sharia Securities
Obligasi korporasi 2.729.802 - 2.925 2.728.187 4.540 2.732.727 Corporate bonds
Medium-term Notes 250.000 - 978 250.978 - 250.978 Medium-term Notes
Jumlah nilai wajar melalui
penghasilan Total fair value through other
komprehensif lain 19.373.442 - (80.780) 19.288.122 4.540 19.292.662 comprehensive income
Jumlah efek-efek - Total marketable securities -
Rupiah 25.153.492 59.930 (80.780) 25.128.102 4.540 25.132.642 Rupiah
Mata uang asing Foreign currencies
Biaya perolehan
diamortisasi Amortized cost
Tagihan atas wesel ekspor 961.773 - - 961.773 - 961.773 Export bills receivables
Surat Utang Negara 62.270 - - 62.270 - 62.270 Government Promissory Notes
Surat Berharga Syariah
Negara 31.135 - - 31.135 - 31.135 Sovereign Sharia Securities
Obligasi korporasi 9.263 - - 9.263 - 9.263 Corporate bonds
Jumlah biaya perolehan
diamortisasi 1.064.441 - - 1.064.441 - 1.064.441 Total amortized cost
Nilai wajar melalui
penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 1.178.751 - (90.539) 1.088.212 - 1.088.212 Government Promissory Notes
Surat Berharga
Syariah Negara 630.000 - (43.830) 586.170 - 586.170 Sovereign Sharia Securities
Obligasi korporasi 536.440 - (20.203) 516.237 - 516.237 Corporate bonds
Medium-term Notes 46.543 - (4.927) 41.616 - 41.616 Medium-term Notes
Jumlah nilai wajar melalui
penghasilan Total fair value through other
komprehensif lain 2.391.734 - (159.499) 2.232.235 - 2.232.235 comprehensive income
Jumlah efek-efek - Total marketable securities -
Mata uang asing 3.456.175 - (159.499) 3.296.676 - 3.296.676 Foreign currencies
Jumlah 28.609.667 59.930 (240.279) 28.424.778 4.540 28.429.318 Total
Efek dalam mata uang asing adalah efek dalam Marketable securities in foreign currency
Dolar Amerika Serikat, Rupee India dan Euro are denominated in United States Dollar,
Eropa. Indian Rupee and European Euro.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 108
Page 741
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
b. Berdasarkan golongan penerbit efek b. By issuer
31 Desember/December 31, 2023
Nilai tercatat/
Carrying Nilai wajar/
amount Fair value
Nilai wajar
melalui
penghasilan
komprehensif
Biaya perolehan lain/
diamortisasi/ Fair value through other
Amortized comprehensive
cost income Jumlah/Total
Rupiah Rupiah
Pemerintah dan BUMN 4.883.463 20.232.119 25.115.582 Government and state-owned enterprises
Bank 131.620 276.946 408.566 Banks
Lainnya - 1.984.999 1.984.999 Others
5.015.083 22.494.064 27.509.147
Mata uang asing Foreign currencies
Pemerintah dan BUMN 92.382 2.210.206 2.302.588 Government and state-owned enterprises
Bank 279.073 318.314 597.387 Banks
Lainnya 9.151 165.908 175.059 Others
380.606 2.694.428 3.075.034
5.395.689 25.188.492 30.584.181
31 Desember/December 31, 2022
Nilai tercatat/
Carrying Nilai wajar/
amount Fair value
Nilai wajar
melalui
penghasilan
komprehensif
Biaya perolehan lain/
diamortisasi/ Fair value through other
Amortized comprehensive
cost income Jumlah/Total
Rupiah Rupiah
Pemerintah dan BUMN 5.784.930 17.144.861 22.929.791 Government and state-owned enterprises
Bank 55.050 463.118 518.168 Banks
Lainnya - 1.684.683 1.684.683 Others
5.839.980 19.292.662 25.132.642
Mata uang asing Foreign currencies
Pemerintah dan BUMN 93.405 1.747.942 1.841.347 Government and state-owned enterprises
Bank 961.773 300.664 1.262.437 Banks
Lainnya 9.263 183.629 192.892 Others
1.064.441 2.232.235 3.296.676
6.904.421 21.524.897 28.429.318
109 PT Bank Maybank Indonesia Tbk 2023 Annual Report 739
Page 742
740
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
c. Berdasarkan peringkat efek c. By rating of marketable securities
Nilai tercatat/Carrying amount/
Nilai wajar/Fair value
Lembaga 31 Desember/ 31 Desember/
pemeringkat/ December 31, December 31,
Peringkat Rating company 2023 2022 Rating
Rupiah Rupiah
Biaya perolehan diamortisasi Amortized cost
idAA- Pefindo - 570.000 idAA-
idAAA Pefindo - 175.000 idAAA
Tanpa peringkat 5.015.083*) 5.094.980*) Non-rated
Jumlah biaya perolehan diamortisasi 5.015.083 5.839.980 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
idAAA Pefindo 1.379.277 896.603 idAAA
AAA Fitch 1.311.145 1.078.088 AAA
AA+ Fitch 359.608 271.024 AA+
idA- Pefindo 190.453 - idA-
idA+ Pefindo 117.415 112.382 idA+
idAA- Pefindo 71.383 415.622 idAA-
idAA Pefindo - 205.445 idAA
idSD Pefindo - 4.540 idSD
Tanpa peringkat 19.064.783****) 16.308.958**) Non-rated
Total nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 22.494.064 19.292.662 comprehensive income
Sub-jumlah - Rupiah 27.509.147 25.132.642 Sub-total - Rupiah
Mata uang asing Foreign currencies
Biaya perolehan diamortisasi Amortized cost
BBB S&P 92.382 93.405 BBB
Baa3 Moody’s 9.151 9.263 Baa3
Tanpa peringkat 279.073***) 961.773***) Non-rated
Jumlah biaya perolehan diamortisasi 380.606 1.064.441 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
BBB S&P 2.168.750 1.747.942 BBB
BB+ S&P 318.314 300.664 BB+
Baa3 Moody’s 127.215 183.629 Baa3
BBB Fitch 80.149 - BBB
Total nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 2.694.428 2.232.235 comprehensive income
Sub-jumlah - Mata uang asing 3.075.034 3.296.676 Sub-total - Foreign currencies
30.584.181 28.429.318
*) Terdiri dari Surat Utang Negara (“SUN”) dan tagihan *) Consists of Government Promissory Notes
atas wesel ekspor (“SUN”) and export bills receivables
**) Terdiri dari Surat utang Negara (“SUN”), Surat Berharga **) Consists of Government Promissory Notes
Syariah Negara (“SBSN”) dan Sukuk Bank Indonesia (“SUN”), State Treasury Notes Sharia (“SBSN”)
and Sukuk Bank Indonesia
***) Terdiri dari tagihan atas wesel ekspor ***) Consists of export bills receivables
****) Terdiri dari Surat Utang Negara (“SUN”), Surat ****) Consists of Government Promissory Notes
Berharga Syariah Negara (“SBSN”), Surat (“SUN”), Sovereign Sharia Securities (“SBSN”)
Perbendaharaan Negara Syariah (“SPNS”), Sukuk State Treasury Notes Sharia (“SPNS”), Sukuk
Bank Indonesia dan Sekuritas Rupiah Bank Indonesia Bank Indonesia and Bank Indonesia Rupiah
Securities
PT Bank Maybank Indonesia Tbk 2023 Annual Report 110
Page 743
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
d. Berdasarkan tanggal jatuh tempo d. By maturity
Tabel-tabel berikut ini menunjukan The following tables show the consolidated
pengelompokan berdasarkan tanggal jatuh marketable securities classified based on
tempo dan tujuan investasi dari efek-efek maturity and investment purpose:
konsolidasian:
(i) Biaya yang diamortisasi (i) Amortized cost
31 Desember/December 31
2023 2022
Nilai tercatat/ Nilai tercatat/
Carrying amount Carrying amount
Rupiah Rupiah
< = 1 tahun 2.552.880 899.028 < = 1 year
> 1 tahun - 5 tahun 2.462.203 4.940.952 > 1 year - 5 years
5.015.083 5.839.980
Mata uang asing Foreign currencies
< = 1 tahun 371.455 971.036 < = 1 year
> 1 tahun - 5 tahun 9.151 93.405 > 1 year - 5 years
380.606 1.064.441
5.395.689 6.904.421
(ii) Nilai wajar melalui penghasilan (ii) Fair value through other
komprehensif lain comprehensive income
31 Desember/December 31
2023 2022
Nilai wajar/ Nilai wajar/
Fair value Fair value
Rupiah Rupiah
< = 1 tahun 8.646.519 11.074.830 < = 1 year
> 1 tahun - 5 tahun 5.476.204 7.364.854 > 1 year - 5 years
> 5 tahun - 10 tahun 3.254.968 749.510 > 5 years - 10 years
> 10 tahun 5.116.373 103.468 > 10 years
22.494.064 19.292.662
Mata uang asing Foreign currencies
< = 1 tahun 1.059.295 232.193 < = 1 year
> 1 tahun - 5 tahun 1.265.536 1.414.370 > 1 year - 5 years
> 5 tahun - 10 tahun 369.597 585.672 > 5 years - 10 years
2.694.428 2.232.235
25.188.492 21.524.897
111 PT Bank Maybank Indonesia Tbk 2023 Annual Report 741
Page 744
742
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
e. Tingkat bunga rata-rata per tahun: e. The average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 7,01% 6,71% Rupiah
Mata uang asing 3,49% 3,33% Foreign currency
II. Penyertaan saham II. Investments in shares
Jenis usaha/ 31 Desember/December 31
Nature of
business 2023 2022
Pihak berelasi (Catatan 44) Related parties (Note 44)
PT Maybank Sekuritas
Indonesia Sekuritas/Securities 159.504 159.504 PT Maybank Sekuritas Indonesia
Persentase kepemilikan - 15% Percentage of ownership - 15%
(31 Desember 2022: 15%) (December 31, 2022: 15%)
Pihak ketiga Third parties
PT Bank Capital Indonesia Tbk Usaha Perbankan/Banking 1.675 1.662 PT Bank Capital Indonesia Tbk
Persentase kepemilikan - 0,18% Percentage of ownership - 0.18%
(31 Desember 2022: 0,18%) (December 31, 2022: 0.18%)
Lain-lain 6.614 9.203 Others
167.793 170.369
Berdasarkan Akta Pemindahan Hak Atas Based on Deed of Transfer Right of Shares
Saham No. 16 tanggal 12 Januari 2018 dari No. 16 dated January 12, 2018 of Notary Jose
Notaris Jose Dima Satria, S.H., M.Kn., MIF Dima Satria, S.H., M.Kn., MIF purchased
membeli saham PT Maybank Sekuritas PT Buana Adhiutama’s shares of PT Maybank
Indonesia milik PT Buana Adhiutama sebanyak Sekuritas Indonesia of 7,500,000 shares
7.500.000 lembar saham (dalam nilai penuh) (in full amount) with total nominal amount
dengan nilai nominal seluruhnya sebesar Rp7,500 which represents 15% of ownership of
Rp7.500 yang mewakili 15% kepemilikan atas issued and fully paid capital of PT Maybank
modal yang ditempatkan dan disetor penuh Sekuritas Indonesia with total purchase price
pada PT Maybank Sekuritas Indonesia dengan amounted to Rp107,004. This purchase of
harga pembelian sebesar shares has been stated in the Declaration of
Rp107.004. Pembelian saham ini juga telah Shareholders Resolution of PT Maybank
dinyatakan dalam Pernyataan Keputusan Sekuritas Indonesia which has been notarized
Pemegang Saham PT Maybank Sekuritas by Deed No. 15 dated January 12, 2018 of
Indonesia yang telah diaktakan dengan Akta Notary Jose Dima Satria, S.H., M.Kn and have
Notaris No. 15 tanggal 12 Januari 2018 dari been acknowledged and registered by the
Notaris Jose Dima Satria, S.H., M.Kn. dan telah Ministry of Laws and Human Rights of the
dicatat dan diterima oleh Menteri Hukum dan Republic of Indonesia No. AHU-AH.01.03-
Hak Asasi Manusia Republik Indonesia melalui 0016804 dated January 15, 2018.
suratnya No. AHU-AH.01.03-0016804 tanggal
15 Januari 2018.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 112
Page 745
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
II. Penyertaan saham (lanjutan) II. Investments in shares (continued)
Berdasarkan keputusan Pemegang Saham, UU Based on Shareholders decision Act No.125
No. 125 Tanggal 19 November 2018 dari dated November 19, 2018 notarized by Jose
Notaris Jose Dima Satria, S.H., M.Kn., MIF Dima Satria, S.H., M.Kn., MIF purchased
membeli tambahan 52.500.000 lembar saham additional 52,500,000 shares amounted to
senilai Rp52.500 untuk mempertahankan 15% Rp52,500 in order to maintain 15% ownership
kepemilikan PT Maybank Sekuritas Indonesia. of PT Maybank Sekuritas Indonesia.
Penyertaan lainnya merupakan penyertaan Other investments represent long-term
saham di berbagai perusahaan yang sifatnya investments. These companies are
jangka panjang. Perusahaan-perusahaan PT Aplikanusa Lintas Arta, PT Sarana Sulsel
tersebut adalah PT Aplikanusa Lintas Arta, Ventura, PT Sarana Bali Ventura, PT Sarana
PT Sarana Sulsel Ventura, PT Sarana Bali Sumatera Barat Ventura, PT Sarana Lampung
Ventura, PT Sarana Sumatera Barat Ventura, Ventura, PT Sarana Jambi Ventura, PT Sarana
PT Sarana Lampung Ventura, PT Sarana Kalbar Ventura, PT Sarana Sulut Ventura, PT
Jambi Ventura, PT Sarana Kalbar Ventura, Bhakti Sarana Ventura, PT Penjamin Kredit
PT Sarana Sulut Ventura, PT Bhakti Sarana Pengusaha Indonesia, PT Sarana Riau
Ventura, PT Penjamin Kredit Pengusaha Ventura, PT Sarana Sumut Ventura and
Indonesia, PT Sarana Riau Ventura, PT Berlian Laju Tanker Tbk which was the
PT Sarana Sumut Ventura dan PT Berlian Laju result of conversion of bonds into shares in
Tanker Tbk yang merupakan hasil dari 2017.
konversi obligasi menjadi saham di 2017.
Pada bulan September 2023, Bank telah In September 2023, Bank write-offs its
menghapusbukukan saldo penyertaan di investment in shares of PT Berlian Laju Tanker
PT Berlian Laju Tanker sebesar Rp3.594. amounted to Rp3,594.
Penyertaan saham berdasarkan klasifikasi Investments in shares by OJK classification are
OJK adalah sebagai berikut: as follows:
31 Desember/December 31
Klasifikasi 2023 2022 Classification
Lancar 167.793 170.369 Current
113 PT Bank Maybank Indonesia Tbk 2023 Annual Report 743
Page 746
744
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER RESALE
DIJUAL KEMBALI AGREEMENTS
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang currency
31 Desember/December 31, 2023
Pendapatan
Nilai Nilai bunga yang
suku bunga penjualan belum
Nilai nominal/ Tanggal Tanggal per tahun/ Nilai beli/ kembali/ diamortisasi/ Nilai tercatat/
Nasabah/ Jenis efek-efek/ Nominal dimulai/ jatuh tempo/ Interest rate Purchase Resale Unamortized Carrying
Counterparty Type of securities amount Starting date Due date per annum amount amount interest value
Pihak ketiga/
Third parties
Rupiah / Rupiah
Bank Indonesia Obligasi Pemerintah VR65/ 13 Januari/ 12 Januari/
Government Bonds VR65 449.002 January 13, 2023 January 12, 2024 6,67% 417.233 445.372 (1.005 ) 444.367
Bank Indonesia Obligasi Pemerintah VR94/ 13 Januari/ 12 Januari/
Government Bonds VR94 50.998 January 13, 2023 January 12, 2024 6,67% 47.272 50.460 (114 ) 50.346
Bank Indonesia Obligasi Pemerintah VR68 20 Januari/ 19 Januari/
Government Bonds VR68 200.000 January 20, 2023 January 19, 2024 6,67% 186.567 199.150 (692 ) 198.458
Bank Indonesia Obligasi Pemerintah VR68/ 20 Januari/ 19 Januari/
Government Bonds VR68 200.000 January 20, 2023 January 19, 2024 6,68% 186.567 199.168 (692 ) 198.476
Bank Indonesia Obligasi Pemerintah VR70/ 27 Januari/ 26 Januari/
Government Bonds VR70 200.000 January 27, 2023 January 26, 2024 6,69% 190.809 203.716 (957 ) 202.759
Bank Indonesia Obligasi Pemerintah VR70/ 27 Januari/ 26 Januari/
Government Bonds VR70 100.000 January 27, 2023 January 26, 2024 6,70% 95.405 101.868 (480 ) 101.388
PT Bank MNC Obligasi Pemerintah FR70/ 4 Oktober/ 4 Januari/
Internasional Tbk Government Bonds FR70 150.000 October 4, 2023 January 4, 2024 6,55% 136.367 138.649 (124 ) 138.525
PT Bank MNC Obligasi Pemerintah FR77/ 4 Oktober/ 4 Januari/
Internasional Tbk Government Bonds FR77 50.000 October 4, 2023 January 4, 2024 6,55% 45.539 46.301 (41 ) 46.260
Obligasi Pemerintah VR42/ 29 Desember/ 5 Januari/
Bank Indonesia Government Bonds VR42 1.000.000 December 29, 2023 January 5, 2024 6,00% 948.959 950.066 (949 ) 949.117
Sub-jumlah/
Sub-total-Rupiah 2.400.000 2.254.718 2.334.750 (5.054 ) 2.329.696
Mata Uang asing/
Foreign currencies
Surat Berharga Negara/ 29 Desember/ 1 Januari/
Reserve Bank of India Sovereign Securities 3.426 December 29, 2023 January 1, 2024 6,75% 3.426 3.426 - 3.426
Jumlah/Total 2.403.426 2.258.144 2.338.176 (5.054 ) 2.333.122
Dikurangi: Cadangan kerugian
penurunan nilai/Less: Allowance
for impairment losses (50)
2.333.072
PT Bank Maybank Indonesia Tbk 2023 Annual Report 114
Page 747
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER RESALE
DIJUAL KEMBALI (lanjutan) AGREEMENTS (continued)
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang (lanjutan) currency (continued)
31 Desember/December 31, 2022
Pendapatan
Nilai Nilai bunga yang
suku bunga penjualan belum
Nilai nominal/ Tanggal Tanggal per tahun/ Nilai beli/ kembali/ diamortisasi/ Nilai tercatat/
Nasabah/ Jenis efek-efek/ Nominal dimulai/ jatuh tempo/ Interest rate Purchase Resale Unamortized Carrying
Counterparty Type of securities amount Starting date Due date per annum amount amount interest value
Pihak ketiga/
Third parties
Rupiah / Rupiah
PT Bank MNC Obligasi Pemerintah FR77/ 20 Juli/ 20 Juli/
Internasional Tbk Government Bonds FR77 200.000 July 20, 2022 July 20, 2023 4,40% 188.965 197.395 (4.642 ) 192.753
PT Bank MNC Obligasi Pemerintah FR70/ 26 September/ 26 September/
Internasional Tbk Government Bonds FR70 100.000 September 26, 2022 September 26, 2023 5,52% 93.285 98.506 (3.848 ) 94.658
PT Bank MNC Obligasi Pemerintah FR70/ 21 Oktober/ 23 Oktober/
Internasional Tbk Government Bonds FR70 100.000 October 21, 2022 October 23, 2023 6,35% 92.132 98.096 (4.810 ) 93.286
Obligasi Pemerintah FR74/ 18 November/ 17 November/
Bank Indonesia Government Bonds FR74 805.000 November 18, 2022 November 17, 2023 6,66% 775.925 828.175 (46.079 ) 782.096
Obligasi Pemerintah FR72/ 18 November/ 17 November/
Bank Indonesia Government Bonds FR72 195.000 November 18, 2022 November 17, 2023 6,66% 193.985 207.048 (11.520 ) 195.528
PT Bank Obligasi Pemerintah VR68/ 26 Desember/ 2 Januari/
Nationalnobu Tbk Government Bonds VR68 200.000 December 26, 2022 January 2, 2023 5,87% 179.824 180.029 (58 ) 179.971
Jumlah/Total 1.600.000 1.524.116 1.609.249 (70.957 ) 1.538.292
Dikurangi: Cadangan kerugian
penurunan nilai/Less: Allowance
for impairment losses (1.076)
1.537.216
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in Note 54.
pada Catatan 54.
b. Cadangan kerugian penurunan nilai b. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian amount and the corresponding expected credit
ekspektasian terkait untuk efek-efek yang dibeli loss allowances of securities purchased under
dengan janji dijual kembali adalah sebagai resale agreements is as follows:
berikut:
31 Desember/Desember 31, 2023
Stage 1 Stage 2 Stage 3 Jumlah/Total
Nilai tercatat bruto awal 1.538.292 - - 1.538.292 Beginning gross carrying amount
Aset baru 2.333.122 - - 2.333.122 New assets originated
Aset dihentikan pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (1.538.292) - - (1.538.292) (other than write-offs)
Nilai tercatat bruto akhir 2.333.122 - - 2.333.122 Ending gross carrying amount
115 PT Bank Maybank Indonesia Tbk 2023 Annual Report 745
Page 748
746
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER RESALE
DIJUAL KEMBALI (lanjutan) AGREEMENTS (continued)
b. Cadangan kerugian penurunan nilai b. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian amount and the corresponding expected credit
ekspektasian terkait untuk efek-efek yang dibeli loss allowances of securities purchased under
dengan janji dijual kembali adalah sebagai resale agreements is as follows (continued):
berikut (lanjutan):
31 Desember/Desember 31, 2023
Stage 1 Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian Beginning expected
kredit ekspektasian awal 1.076 - - 1.076 credit loss allowance
Aset baru 50 - - 50 New assets originated
Aset dihentikan pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (1.075) - - (1.075) (other than write-offs)
Selisih akibat perbedaan kurs (1) - - (1) Exchange rate differences
Cadangan atas kerugian Ending expected
kredit ekspektasian akhir 50 - - 50 credit loss allowance
31 Desember/Desember 31, 2022
Stage 1 Stage 2 Stage 3 Jumlah/Total
Nilai tercatat bruto awal 3.538.336 - - 3.538.336 Beginning gross carrying amount
Aset baru 1.538.292 - - 1.538.292 New assets originated
Aset dihentikan pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (3.538.336) - - (3.538.336) (other than write-offs)
Nilai tercatat bruto akhir 1.538.292 - - 1.538.292 Ending gross carrying amount
31 Desember/Desember 31, 2022
Stage 1 Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian Beginning expected
kredit ekspektasian awal 32 - - 32 credit loss allowance
Aset baru 1.076 - - 1.076 New assets originated
Aset dihentikan pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (32) - - (32) (other than write-offs)
Cadangan atas kerugian Ending expected
kredit ekspektasian akhir 1.076 - - 1.076 credit loss allowance
Cadangan kerugian penurunan niai dihitung Allowance for impairment losses is calculated
sesuai dengan kebijakan pada Catatan 2o. using policy which is in line with Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 116
Page 749
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. TAGIHAN DAN LIABILITAS DERIVATIF 11. DERIVATIVES RECEIVABLE AND PAYABLE
Derivatif pada saat permulaan seringkali hanya Derivatives often involve at their inception only a
melibatkan pertukaran janji yang saling mutual exchange of promises with little or no
menguntungkan dengan sedikit atau tanpa transfer considerations. However, these
investasi. Namun demikian, instrumen-instrumen ini instruments frequently involve a high degree of
seringkali melibatkan tingkat leverage yang tinggi leverage and are very volatile. A relatively small
dan sangat fluktuatif. Pergerakan yang relatif kecil movement in the value of the asset, rate or indexes
dari nilai aset, tingkat atau indeks sebagai dasar underlying a derivative contract may have a
sebuah kontrak derivatif dapat memiliki pengaruh significant impact on the profit or loss of the Bank.
yang signifikan terhadap laba atau rugi Bank.
Mayoritas perdagangan derivatif Bank yang terkait Most of the Bank's derivative trading activities relate
dengan deals dengan nasabah biasanya saling to deals with customers which are normally offset
hapus dengan transaksi dengan rekanan lain untuk by transactions with other counterparties in order to
meng-offset risiko pasar. Bank juga dapat offset the market risk. The Bank may also take
mengambil posisi dengan ekspektasi untuk positions with the expectation of profiting from
mendapat laba dari pergerakan yang favourable movements in prices, interest rates or
menguntungkan pada harga, suku bunga maupun indexes.
indeks.
Derivatif di luar pasar (over-the-counter) dapat Over-the-counter derivatives may expose the Bank
menimbulkan risiko-risiko kepada Bank yang to the risks associated with the absence of an
berhubungan dengan ketiadaan pasar terbuka exchange market on which to close out an open
untuk menutup posisi terbuka Bank. position.
a. Berdasarkan jenis, mata uang dan pihak a. By type, currency and related party
berelasi
Tabel di bawah ini memperlihatkan nilai wajar The tables below show the fair values of
dari instrumen derivatif, yang disajikan sebagai derivative financial instruments, recorded as
aset atau liabilitas, beserta jumlah nosionalnya. assets or liabilities, together with their notional
Jumlah nosional tersebut, yang disajikan secara amounts. The notional amount, recorded at
gross, adalah nilai dari underlying aset derivatif, gross, is the amount of a derivative's underlying
tingkat rasio referensi atau indeks yang asset, reference ratio rate or indices and is the
merupakan basis dimana perubahan di dalam basis upon which changes in the value of
nilai derivatif diukur. Jumlah nosional derivatives are measured. The notional amounts
mengindikasikan jumlah transaksi yang belum indicate the volume of transactions outstanding
jatuh tempo di akhir tahun dan tidak at the end of year and indicative of neither the
mengindikasikan risiko kredit maupun pasar. market risk nor the credit risk.
117 PT Bank Maybank Indonesia Tbk 2023 Annual Report 747
Page 750
748
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
a. Berdasarkan jenis, mata uang dan pihak a. By type, currency and related party
berelasi (lanjutan) (continued)
31 Desember/December 31, 2023
Nilai nosional
(kontrak) (ekuivalen
dengan Rp)/
Notional amount Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivatives Derivatives
to Rp) receivable payable
Terkait dengan kontrak Related to exchange rate
nilai tukar contracts
Pihak berelasi (Catatan 44) Related parties (Note 44)
Forward Forward
Rupiah 1.547.399 30.509 111.942 Rupiah
Swap Swap
Rupiah 5.325.658 60.429 - Rupiah
Option Option
Dolar Amerika Serikat 923.820 29.813 411 United States Dollar
Mata uang asing lainnya 16.618 - 108 Other foreign currencies
7.813.495 120.751 112.461
Pihak ketiga Third parties
Forward Forward
Rupiah 2.521.697 19.919 13.483 Rupiah
Swap Swap
Rupiah 46.699.254 422.799 401.300 Rupiah
Mata uang asing lainnya 56.969 - 167 Other foreign currencies
Option Option
Dolar Amerika Serikat 923.820 410 29.812 United States Dollar
Lainnya Others
Rupiah 3.486.189 89.549 11.248 Rupiah
Mata uang asing lainnya 16.618 108 - Other foreign currencies
53.704.547 532.785 456.010
Terkait dengan suku bunga Related to interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Dolar Amerika Serikat 2.971.621 42.252 10.278 United States Dollar
Pihak ketiga Third parties
Swap Swap
Dolar Amerika Serikat 1.462.715 - 30.389 United States Dollar
Terkait dengan kontrak Related to exchange rate
nilai tukar dan suku bunga contracts and interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Rupiah 9.688.000 110.657 129.974 Rupiah
Pihak ketiga Third parties
Swap Swap
Rupiah 13.222.249 174.546 224.029 Rupiah
Jumlah 88.862.627 980.991 963.141 Total
PT Bank Maybank Indonesia Tbk 2023 Annual Report 118
Page 751
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
a. Berdasarkan jenis, mata uang dan pihak a. By type, currency and related party
berelasi (lanjutan) (continued)
31 Desember/December 31, 2022
Nilai nosional
(kontrak) (ekuivalen
dengan Rp)/
Notional amount Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivatives Derivatives
to Rp) receivable payable
Terkait dengan kontrak Related to exchange rate
nilai tukar contracts
Pihak berelasi (Catatan 44) Related parties (Note 44)
Forward Forward
Rupiah 1.303.778 18.145 99.012 Rupiah
Swap Swap
Rupiah 483.488 1.676 148 Rupiah
Option Option
Dolar Amerika Serikat 414.494 21.146 43 United States Dollar
Mata uang asing lainnya 1.572 - 31 Other foreign currencies
2.203.332 40.967 99.234
Pihak ketiga Third parties
Forward Forward
Rupiah 4.033.310 6.300 43.174 Rupiah
Swap Swap
Rupiah 24.683.214 401.251 120.699 Rupiah
Mata uang asing lainnya 7.784 - 277 Other foreign currencies
Option Option
Dolar Amerika Serikat 414.494 43 21.146 United States Dollar
Mata uang asing lainnya 1.572 31 - Other foreign currencies
29.140.374 407.625 185.296
Terkait dengan suku bunga Related to interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Dolar Amerika Serikat 3.580.525 118.211 22 United States Dollar
Pihak ketiga Third parties
Swap Swap
Rupiah 25.408 - 32 Rupiah
Dolar Amerika Serikat 3.369.482 - 111.926 United States Dollar
Future Future
Dolar Amerika Serikat 6.071.325 38.279 568 United States Dollar
9.466.215 38.279 112.526
Terkait dengan kontrak Related to exchange rate
nilai tukar dan suku bunga contracts and interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Rupiah 2.561.039 9.070 97.278 Rupiah
Pihak ketiga Third parties
Swap Swap
Rupiah 5.476.413 61.629 237.371 Rupiah
8.037.452 70.699 334.649
Jumlah 52.427.898 675.781 731.727 Total
Informasi mengenai transaksi dengan pihak Information on related parties and maturities
berelasi dan jatuh tempo diungkapkan masing- are disclosed in Note 44 and 54, respectively.
masing pada Catatan 44 dan 54.
Berdasarkan ketentuan OJK yang berlaku, Based on the prevailing OJK regulations, all
seluruh tagihan derivatif pada tanggal derivatives receivable as of December 31, 2023
31 Desember 2023 dan 2022 digolongkan and 2022 were classified as current.
sebagai lancar.
119 PT Bank Maybank Indonesia Tbk 2023 Annual Report 749
Page 752
750
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
b. Berdasarkan jatuh tempo b. By maturity
Bank memiliki transaksi kontrak valuta The Bank has outstanding cross currency swap
berjangka pertukaran mata uang asing dan and interest rate swap transaction with several
suku bunga dengan beberapa bank asing dan foreign banks and debtors for liquidity
debitur untuk pengelolaan likuiditas dan management and to cover the interest rate
menghadapi risiko perubahan suku bunga atas fluctuation as part of asset and liabilities
aset dan liabilitas Bank. Berdasarkan perjanjian management of the Bank. Based on the
ini, Bank wajib membayar pokok pinjaman agreement, the Bank should pay principal and
beserta bunga dengan suku bunga variable or fixed interest rate. The interest is
mengambang atau tetap. Bunga dibayarkan paid in Rupiah and USD currencies on
dalam mata uang Rupiah dan USD setiap enam a semester, quarterly and monthly basis until
bulan, tiga bulan dan satu bulan sampai dengan maturity date. As of December 31, 2023 and
tanggal jatuh tempo. Per tanggal 2022, the cross currency and interest rate swap
31 Desember 2023 dan 2022 transaksi kontrak transactions will mature from February 24, 2024
valuta berjangka pertukaran mata uang asing until July 7, 2030 and January 3, 2023 until July
dan suku bunga tersebut masing-masing akan 26, 2029, respectively.
jatuh tempo dari tanggal 24 Februari 2024
sampai dengan 7 Juli 2030 dan tanggal
3 Januari 2023 sampai dengan 26 Juli 2029.
Bank memiliki transaksi kontrak pertukaran The Bank has outstanding interest rate swap
suku bunga dengan beberapa bank asing transaction with several foreign banks for
tertentu untuk pengelolaan risiko perubahan liquidity management and to cover the interest
suku bunga atas aset dan liabilitas Bank. rate fluctuation as part of asset and liabilities
Berdasarkan perjanjian ini, Bank wajib management of the Bank. Based on the
membayar bunga mengambang dalam mata agreement, the Bank should pay variable
uang Rupiah dan USD setiap enam bulan, tiga interest rate in rupiah and USD currencies on
bulan, dan satu bulan hingga tanggal jatuh semester, quarterly, and monthly basis until
tempo. Per tanggal 31 Desember 2023 dan maturity date. As of December 31, 2023 and
2022 transaksi kontrak pertukaran suku bunga 2022 interest rate swap transactions will mature
tersebut masing-masing akan jatuh tempo dari from August 8, 2024 until December 14, 2028
tanggal yang berkisar antara 8 Agustus 2024 and February 27, 2023 until December 27,
sampai dengan 14 Desember 2028 dan 2024, respectively.
27 Februari 2023 sampai dengan 27 Desember
2024.
Per 31 Desember 2023 dan 2022, jangka As of December 31, 2023 and 2022, the tenure
waktu kontrak forward mata uang asing of the forward foreign currency contracts were
masing-masing adalah antara 2 - 1.088 hari between 2 - 1,088 days and 3 - 1,347 days,
dan 3 - 1.347 hari, jangka waktu kontrak swap foreign currency swaps were between 2 - 365
mata uang asing masing-masing adalah antara days and 2 - 362 days, future were between
2 - 365 hari dan 2 - 362 hari, jangka waktu nil and 74 - 627 days and option were between
kontrak future masing-masing adalah nihil dan 2 - 1,086 days and 13 - 1,451 days, respectively
74 - 627 hari dan jangka waktu kontrak option and others were between 2 - 339 days and nil.
masing-masing adalah antara 2 - 1.086 hari dan
13 - 1.451 hari dan jangka waktu kontrak lainnya
adalah antara 2 - 339 hari dan nihil.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 120
Page 753
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
c. Suku bunga kontraktual c. Contractual interest rate
Tahun yang Berakhir pada
Tanggal 31 Desember/
Year Ended December 31
2023 2022
Swap Suku Bunga Interest Rate Swap
Mata uang asing Foreign currencies
Yang akan dibayar To be paid
USD SOFR 1M Libor +
Suku bunga mengambang OVERNIGHT 235bps - 3M Libor Variable interest rate
Suku bunga tetap 0,96% - 4,96% 0,70% - 2,68% Fixed interest rate
Yang akan diterima To be received
USD SOFR
Suku bunga mengambang OVERNIGHT 3M Libor Variable interest rate
Suku bunga tetap 0,97% - 4,24% 0,71% - 4,99% Fixed interest rate
Swap Suku Bunga dan Mata Uang Cross Currency and Interest Rate Swap
Rupiah Rupiah
Yang akan dibayar To be paid
Suku bunga tetap 5,20% - 9,00% 4,65% - 9,00% Fixed interest rate
Yang akan diterima To be received
Suku bunga tetap 5,18% - 9,00% 2,98% - 9,00% Fixed interest rate
Mata uang asing Foreign currencies
Yang akan dibayar To be paid
USD SOFR USD SOFR
OVERNIGHT + 81,45bps - OVERNIGHT
USD CME TERM SOFR + 20bps - USD CME
Suku bunga mengambang 6 Months +125bps TERM SOFR 6 Months Variable interest rate
Suku bunga tetap 0,72% - 7,22% 0,00% - 5,61% Fixed interest rate
Yang akan diterima To be received
USD SOFR
OVERNIGHT +45bps -
USD CME TERM SOFR
Suku bunga mengambang 6 Months +125bps 6M Libor Variable interest rate
Suku bunga tetap 0,72% - 7,25% 4,05 % - 5,48% Fixed interest rate
Pertukaran tingkat suku bunga dan mata uang The interest rate and currency exchanges are
dilakukan setiap bulanan, kuartalan dan exercised on a monthly, quarterly and semi
semesteran. annually.
Pada tanggal 31 Desember 2023 dan 2022 As of December 31, 2023 and 2022, the
jangka waktu kontrak swap suku bunga berkisar contract period of interest rate swaps ranged
antara 1 sampai 5 tahun dan 2 sampai 6 tahun. from 1 to 5 years and 2 to 6 years. As of
Pada tanggal 31 Desember 2023 dan 2022, December 31, 2023 and 2022, the remaining
sisa jangka waktu kontrak dari swap suku contract period of cross currency rate swap
bunga dan mata uang berkisar antara 1 sampai ranged from 1 to 7 years and 11 days to 7
7 tahun dan 11 hari sampai 7 tahun. years.
121 PT Bank Maybank Indonesia Tbk 2023 Annual Report 751
Page 754
752
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH FINANCING
a. Berdasarkan jenis, mata uang dan a. By type, currency and collectibility
kolektibilitas
31 Desember/December 31, 2023
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Korporasi 17.783.532 46.700 - - 2 17.830.234 Corporate
Komersial/Usaha Kecil Commercial/Small and Medium
Menengah (“UKM”) Enterprises (“SME”)
UKM 9.034.404 188.084 24.922 76.374 879.379 10.203.163 SME
UKM+ 3.488.517 34.883 36.000 6.068 317.151 3.882.619 SME+
Komersial 6.178.829 19.552 - 18.842 598.356 6.815.579 Commercial
Konsumen Consumer
Kredit Kendaraan
Bermotor 8.259.708 310.657 4.744 5.591 7.033 8.587.733 Auto loans
Kredit Pemilikan
Rumah (“KPR”) 6.660.447 284.725 37.374 21.026 185.455 7.189.027 Mortgage (“KPR”)
Home equity loans
(Maxima) 556.008 82.199 6.140 4.993 61.026 710.366 Home equity loans (Maxima)
Kartu kredit 2.860.595 92.653 10.075 14.240 6.809 2.984.372 Credit card
Pinjaman tanpa
agunan (“PITA”) 568.901 15.800 3.011 4.008 1.982 593.702 Unsecured loans (“PITA”)
Lain-lain*) 5.755.520 557.883 19.026 29.134 29.923 6.391.486 Others*)
Syariah 25.635.898 968.856 49.165 37.261 662.702 27.353.882 Sharia
86.782.359 2.601.992 190.457 217.537 2.749.818 92.542.163
Mata uang asing Foreign currencies
Korporasi 10.315.624 501.259 - - - 10.816.883 Corporate
Komersial/Usaha Kecil Commercial/Small and Medium
Menengah (“UKM”) Enterprises (“SME”)
UKM 206.156 - - 3 - 206.159 SME
UKM+ 168.954 2.661 - - - 171.615 SME+
Komersial 1.430.265 439 - - - 1.430.704 Commercial
Syariah 2.473.341 409.297 - - 6.115 2.888.753 Sharia
14.594.340 913.656 - 3 6.115 15.514.114
Jumlah 101.376.699 3.515.648 190.457 217.540 2.755.933 108.056.277 Total
Dikurangi: Less:
Cadangan kerugian Allowance for
penurunan nilai (3.376.813) impairment losses
104.679.464
*) Terdiri dari pinjaman karyawan dan piutang anak perusahaan. *) Consist of employee loan and receivable of subsidiaries.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 122
Page 755
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
a. Berdasarkan jenis, mata uang dan a. By type, currency and collectibility
kolektibilitas (lanjutan) (continued)
31 Desember/December 31, 2022
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Korporasi 16.274.341 46.943 - - 2 16.321.286 Corporate
Komersial/Usaha Kecil Commercial/Small and Medium
Menengah (“UKM”) Enterprises (“SME”)
UKM 8.774.618 187.975 57.632 53.875 1.003.786 10.077.886 SME
UKM+ 3.280.528 16.983 - 27.385 393.114 3.718.010 SME+
Komersial 5.620.444 4.783 22.659 - 736.873 6.384.759 Commercial
Konsumen Consumer
Kredit Kendaraan
Bermotor 6.629.816 217.152 6.656 6.239 4.060 6.863.923 Auto loans
Kredit Pemilikan
Rumah (“KPR”) 6.349.205 338.758 35.549 33.557 185.098 6.942.167 Mortgage (“KPR”)
Home equity loans
(Maxima) 717.221 89.441 9.406 7.957 62.428 886.453 Home equity loans (Maxima)
Kartu kredit 2.327.426 90.449 10.921 21.564 5.059 2.455.419 Credit card
Pinjaman tanpa
agunan (“PITA”) 492.772 17.377 2.643 4.326 1.316 518.434 Unsecured loans (“PITA”)
Lain-lain*) 4.346.895 354.804 15.764 10.824 14.857 4.743.144 Others*)
Syariah 21.651.796 517.357 68.080 70.845 632.568 22.940.646 Sharia
76.465.062 1.882.022 229.310 236.572 3.039.161 81.852.127
Mata uang asing Foreign currencies
Korporasi 11.997.587 514.656 - - 2 12.512.245 Corporate
Komersial/Usaha Kecil Commercial/Small and Medium
Menengah (“UKM”) Enterprises (“SME”)
UKM 248.373 1 - - 6.228 254.602 SME
UKM+ 265.938 3.612 - - - 269.550 SME+
Komersial 1.526.044 - - - 30.136 1.556.180 Commercial
Syariah 3.058.446 435.493 - - - 3.493.939 Sharia
17.096.388 953.762 - - 36.366 18.086.516
Jumlah 93.561.450 2.835.784 229.310 236.572 3.075.527 99.938.643 Total
Dikurangi: Less:
Cadangan kerugian Allowance for
penurunan nilai (3.235.997) impairment losses
96.702.646
*) Terdiri dari pinjaman karyawan dan piutang anak perusahaan. *) Consist of employee loan and receivable of subsidiaries.
Per 31 Desember 2023 dan 2022, rasio kredit As of December 31, 2023 and 2022, the ratio of
kepada Usaha Mikro dan Kecil terhadap kredit micro and small business loans to the total loans
yang diberikan sesuai dengan Surat Edaran in accordance with Bank Indonesia Circular
Bank Indonesia No. 13/30/DPNP tanggal Letter No. 13/30/DPNP dated December 16,
16 Desember 2011 masing-masing sebesar 2011 are 0.59% and 0.52%, respectively.
0,59% dan 0,52%.
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in Note 54.
pada Catatan 54.
123 PT Bank Maybank Indonesia Tbk 2023 Annual Report 753
Page 756
754
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
b. Jaminan kredit b. Loan collateral
Jaminan pemberian kredit adalah tanah, Loan collaterals are in the form of land,
bangunan, saham, tabungan, giro, deposito buildings, shares of stock, savings, demand
berjangka (Catatan 19), mesin, persediaan dan deposits, time deposits (Note 19), machinery,
jaminan lain yang dapat diterima oleh Bank. inventories and other collaterals that are
acceptable to the Bank.
Pada tanggal 31 Desember 2023 dan As of December 31, 2023 and 2022, total
2022, jumlah kredit yang diberikan yang dijamin loans which were secured by time
dengan deposito berjangka adalah masing- deposits amounted to Rp7,146,677 and
masing sebesar Rp7.146.677 dan Rp6,871,941, respectively.
Rp6.871.941.
c. Berdasarkan sektor ekonomi c. By economic sector
Klasifikasi kredit berdasarkan sektor ekonomi Loans classified by economic sector are as
adalah sebagai berikut: follows:
31 Desember/December 31, 2023
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Pertanian dan perhutanan 1.044.378 9.757 - - 33.865 1.088.000 Agriculture and forestry
Pertambangan 118.480 - - - 5.316 123.796 Mining
Perindustrian 10.325.590 128.768 33.150 31.013 602.738 11.121.259 Manufacturing
Listrik, gas dan air 385.697 - - - - 385.697 Electricity, gas and water
Konstruksi 10.281.923 519.155 7.993 7.176 147.010 10.963.257 Construction
Perdagangan, restoran
dan hotel 13.115.800 200.358 26.406 44.601 1.167.899 14.555.064 Trading, restaurant and hotel
Angkutan, gudang dan Transportation, warehouses
komunikasi 2.070.701 4.368 - 18.842 72.172 2.166.083 and communication
Jasa-jasa dunia usaha 16.248.461 4.488 - - 102.426 16.355.375 Business services
Jasa-jasa sosial/
masyarakat 239.748 7.303 - - 13.717 260.768 Social/public services
Lain-lain *) 32.951.581 1.727.795 122.908 115.905 604.675 35.522.864 Others *)
86.782.359 2.601.992 190.457 217.537 2.749.818 92.542.163
Mata uang asing Foreign currencies
Pertanian dan perhutanan 49.365 - - - - 49.365 Agriculture and forestry
Pertambangan 3.431.465 - - - - 3.431.465 Mining
Perindustrian 8.052.020 367.956 - - 6.115 8.426.091 Manufacturing
Listrik, gas dan air 1.323.043 545.261 - - - 1.868.304 Electricity, gas and water
Konstruksi 13.165 - - - - 13.165 Construction
Perdagangan, restoran
dan hotel 542.672 439 - 1 - 543.112 Trading, restaurant and hotel
Angkutan, gudang dan Transportation, warehouses
komunikasi 131.046 - - - - 131.046 and communication
Jasa-jasa dunia usaha 1.043.412 - - 2 - 1.043.414 Business services
Jasa-jasa sosial/
masyarakat 8.152 - - - - 8.152 Social/public services
14.594.340 913.656 - 3 6.115 15.514.114
Jumlah 101.376.699 3.515.648 190.457 217.540 2.755.933 108.056.277 Total
Dikurangi: Less:
Cadangan kerugian Allowance for
penurunan nilai (3.376.813) impairment losses
104.679.464
*) Terdiri dari kredit konsumen untuk pemilikan rumah, kendaraan bermotor *) This consists of consumer loans for housing, motor vehicles and others.
dan lainnya.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 124
Page 757
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
c. Berdasarkan sektor ekonomi (lanjutan) c. By economic sector (continued)
Klasifikasi kredit berdasarkan sektor ekonomi Loans classified by economic sector are as
adalah sebagai berikut: (lanjutan) follows: (continued)
31 Desember/December 31, 2022
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Pertanian dan perhutanan 1.886.188 - - - 195.944 2.082.132 Agriculture and forestry
Pertambangan 1.083.543 - - 967 5.316 1.089.826 Mining
Perindustrian 9.724.403 129.164 29.901 5.658 654.919 10.544.045 Manufacturing
Listrik, gas dan air 1.128.572 - - - - 1.128.572 Electricity, gas and water
Konstruksi 12.245.861 19.135 - 10.542 144.901 12.420.439 Construction
Perdagangan, restoran
dan hotel 11.924.466 141.635 39.154 73.058 1.306.350 13.484.663 Trading, restaurant and hotel
Angkutan, gudang dan Transportation, warehouses
komunikasi 1.748.266 13.095 12.372 17.025 79.342 1.870.100 and communication
Jasa-jasa dunia usaha 7.694.275 25.271 142 - 123.453 7.843.141 Business services
Jasa-jasa sosial/
masyarakat 267.997 2.986 - - 13.294 284.277 Social/public services
Lain-lain *) 28.761.491 1.550.736 147.741 129.322 515.642 31.104.932 Others *)
76.465.062 1.882.022 229.310 236.572 3.039.161 81.852.127
Mata uang asing Foreign currencies
Pertanian dan perhutanan 3.314 - - - - 3.314 Agriculture and forestry
Pertambangan 5.352.349 - - - - 5.352.349 Mining
Perindustrian 7.715.305 381.772 - - 36.364 8.133.441 Manufacturing
Listrik, gas dan air 1.294.794 571.989 - - - 1.866.783 Electricity, gas and water
Konstruksi 45.973 - - - - 45.973 Construction
Perdagangan, restoran
dan hotel 587.207 - - - - 587.207 Trading, restaurant and hotel
Angkutan, gudang dan Transportation, warehouses
komunikasi 93.153 - - - - 93.153 and communication
Jasa-jasa dunia usaha 1.997.745 1 - - 2 1.997.748 Business services
Jasa-jasa sosial/
masyarakat 6.548 - - - - 6.548 Social/public services
17.096.388 953.762 - - 36.366 18.086.516
Jumlah 93.561.450 2.835.784 229.310 236.572 3.075.527 99.938.643 Total
Dikurangi: Less:
Cadangan kerugian Allowance for
penurunan nilai (3.235.997) impairment losses
96.702.646
*) Terdiri dari kredit konsumen untuk pemilikan rumah, kendaraan bermotor *) This consists of consumer loans for housing, motor vehicles and others.
dan lainnya.
125 PT Bank Maybank Indonesia Tbk 2023 Annual Report 755
Page 758
756
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
d. Berdasarkan pihak berelasi d. Based on related party
31 Desember/December 31
2023 2022
Pihak berelasi (Catatan 44) Related parties (Note 44)
Pinjaman karyawan kunci 106.130 108.449 Key management personnel loans
PT Asuransi Etiqa Internasional PT Asuransi Etiqa Internasional
Indonesia 110.000 - Indonesia
PT Maybank Sekuritas Indonesia 35.171 96 PT Maybank Sekuritas Indonesia
251.301 108.545
Pihak ketiga 107.804.976 99.830.098 Third parties
108.056.277 99.938.643
e. Berdasarkan periode kredit dan sisa umur e. By loan period and maturity
jatuh tempo
Golongan jangka waktu kredit yang diberikan The classification of loans based on loan
berdasarkan periode kredit sebagaimana yang period, as stated in the loan agreements, and
tercantum dalam perjanjian kredit dan waktu the remaining period until maturity were as
yang tersisa sampai dengan saat jatuh follows:
temponya adalah sebagai berikut:
31 Desember/December 31
2023 2022
Berdasarkan Berdasarkan
Berdasarkan sisa umur Berdasarkan sisa umur
periode jatuh tempo/ periode jatuh tempo/
perjanjian Based on perjanjian Based on
kredit/ remaining kredit/ remaining
Based on loan period until Based on loan period until
period maturity period maturity
Rupiah Rupiah
< = 1 tahun 17.074.559 35.248.497 17.036.402 29.014.737 < = 1 year
> 1 - 2 tahun 18.010.022 9.653.629 12.986.582 7.199.489 > 1 - 2 years
> 2 - 5 tahun 27.402.962 29.590.790 21.619.077 24.323.001 > 2 - 5 years
> 5 tahun 30.054.620 18.049.247 30.210.066 21.314.900 > 5 years
92.542.163 92.542.163 81.852.127 81.852.127
Mata uang asing Foreign currencies
< = 1 tahun 3.883.198 6.824.366 3.335.835 5.569.538 < = 1 year
> 1 - 2 tahun 3.458.623 651.572 2.826.704 2.637.044 > 1 - 2 years
> 2 - 5 tahun 1.548.835 7.062.313 2.640.447 8.961.574 > 2 - 5 years
> 5 tahun 6.623.458 975.863 9.283.530 918.360 > 5 years
15.514.114 15.514.114 18.086.516 18.086.516
108.056.277 108.056.277 99.938.643 99.938.643
PT Bank Maybank Indonesia Tbk 2023 Annual Report 126
Page 759
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
f. Tingkat bunga f. Interest rate
Tingkat bunga rata-rata per tahun yang The average interest rates per annum charged
dibebankan kepada debitur oleh Bank adalah to debtors by the Bank are as follows:
sebagai berikut:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 8,73% 8,50% Rupiah
Mata uang asing 6,17% 4,14% Foreign currencies
g. Kredit sindikasi g. Syndicated loans
Jumlah kredit sindikasi yang diberikan oleh Total syndicated loans of the Bank as of
Bank per tanggal 31 Desember 2023 December 31, 2023 and 2022
dan 2022 adalah masing-masing sebesar amounted to Rp9,363,263 and Rp14,538,404,
Rp9.363.263 dan Rp14.538.404. respectively.
Keikutsertaan Bank sebagai pimpinan sindikasi The participation of the Bank as a leader of the
per 31 Desember 2023 adalah antara 8% syndicated loans as of December 31, 2023
sampai 44% (31 Desember 2022: 2% sampai ranged from 8% to 44% (December 31, 2022:
44%) (tidak diaudit) dan sebagai anggota 2% to 44%) (unaudited) and as a member of the
sindikasi per 31 Desember 2023 adalah antara syndicated loans as of December 31, 2023
3% sampai 16% (31 Desember 2022: sebesar ranged from 3% to 16% (December 31, 2022:
4%) (tidak diaudit) dari jumlah kredit sindikasi. are 4%) (unaudited) of total syndicated loans.
h. Kredit dalam rangka pembiayaan bersama h. Joint financing loans
(joint financing)
Bank mengadakan perjanjian pemberian The Bank entered into joint financing
fasilitas pembiayaan bersama, terutama arrangements, mainly with the subsidiaries,
dengan entitas anak, yaitu WOM dan MIF untuk which are WOM and MIF for financing retail
membiayai kepemilikan kendaraan secara purchases of vehicles. The ultimate credit risk
retail. Risiko kredit Bank dalam pembiayaan of the Bank under the joint financing is with the
bersama tersebut berada pada debitur dari customers of the subsidiaries. The outstanding
entitas anak. Jumlah saldo fasilitas pembiayaan balance of the joint financing arrangements with
bersama dengan WOM pada tanggal 31 WOM as of December 31, 2023 is RpNil
Desember 2023 adalah sebesar RpNihil (31 (December 31, 2022: Rp23). The outstanding
Desember 2022: Rp23). Jumlah saldo fasilitas balance of the joint financing arrangements with
pembiayaan bersama dengan MIF pada MIF as of December 31, 2023 is Rp9,254,745
tanggal 31 Desember 2023 adalah sebesar (December 31, 2022: Rp7,333,736). The
Rp9.254.745 (31 Desember 2022: amounts are recorded under Auto Loans and
Rp7.333.736). Jumlah tersebut dicatat dalam Sharia (Note 12a) and loan-others (Note 12c).
Kredit Kendaraan Bermotor dan Syariah
(Catatan 12a) dan kredit lain-lain (Catatan 12c).
127 PT Bank Maybank Indonesia Tbk 2023 Annual Report 757
Page 760
758
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
i. Pinjaman karyawan i. Loans to employees
Pinjaman karyawan Bank terdiri dari kredit yang Loans to the Bank’s employees consist of loans
dibebani bunga khusus dengan jangka waktu granted with special interest rates and with
berkisar antara 1 (satu) sampai dengan 20 (dua terms between 1 (one) to 20 (twenty) years and
puluh) tahun yang dilunasi melalui pemotongan are collected through monthly salary
gaji setiap bulannya. deductions.
Perbedaan antara tingkat bunga pinjaman The difference between the employee loan’s
karyawan dan suku bunga pasar ditangguhkan interest rates and market interest rate is
dan dicatat sebagai beban yang ditangguhkan deferred and recorded as deferred costs for
untuk pinjaman karyawan, bagian dari aset lain- employee loan, part of other assets and will be
lain dan akan diamortisasi menggunakan EIR. amortized using EIR.
j. Kredit restrukturisasi j. Restructured loans
Kredit yang diberikan yang direstrukturisasi Restructured loans include loans with
meliputi antara lain kredit dengan perpanjangan extensions of credit terms and/or reduction of
jangka waktu dan/atau penurunan tingkat interest rates.
bunga.
31 Desember/December 31
2023 2022
Kredit yang direstrukturisasi 6.693.362 9.512.868 Restructured loans
Dikurangi: Less:
Cadangan kerugian Allowance
penurunan nilai (2.243.374) (1.987.411) for impairment losses
Saldo akhir 4.449.988 7.525.457 Ending balance
Sesuai dengan POJK No. 11/POJK.03/2020 In accordance to POJK No. 11/POJK.03/2020
tanggal 16 Maret 2020 dan siaran pers IAI atas dated March 16, 2020 and IAI press release on
dampak pandemi Covid-19, Bank telah the Covid-19 pandemic impact, the Bank has
melakukan restrukturisasi kredit terhadap restructured debtors which are affected by
debitur yang terkena dampak Covid-19, dan Covid-19, and reported the balance as current
melaporkan saldo restrukturisasi kredit tersebut collectibility. Credit restructuring is performed
pada kolektibilitas lancar. Restrukturisasi kredit by lowering the interest rate and/or interest or
dilakukan dengan penurunan suku bunga principal postponement in selected cases.
dan/atau penundaan pembayaran bunga dan
pokok di kasus-kasus tertentu.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 128
Page 761
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
j. Kredit restrukturisasi (lanjutan) j. Restructured loans (continued)
Sehubungan dengan pandemi Covid-19 yang In relation to the Covid-19 pandemic which has
telah menimbulkan ketidakpastian ekonomi, resulted in economic uncertainty, the Bank will
Bank senantiasa melakukan monitoring continuously monitor the current and projected
perubahan ekonomi saat ini dan yang akan economic changes and macro economic
datang dan perkiraan makro ekonomi yang outlook which will affect the Bank’s expected
akan mempengaruhi pembentukan kerugian credit loss calculation. This covers the debtors’
kredit ekspektasian Bank. Hal ini termasuk repayment capacity to the Bank, including the
perkiraan kemampuan debitur dalam debtors with restructured facilities due to Covid-
memenuhi kewajibannya kepada Bank, 19 impact, both during the restructuring period
termasuk di dalamnya debitur yang and Covid-19 pandemic and after the Covid-19.
mendapatkan fasilitas restrukturisasi akibat
dampak Covid-19 selama masa restrukturisasi
dan pandemi Covid-19 maupun setelah
dampak pandemi Covid-19 berakhir.
Sehubungan dengan kepatuhan terhadap OJK, In compliance with OJK, the Bank implements
Bank menerapkan POJK No. 40/POJK.03/2019 POJK No. 40/POJK.03/2019 dated December
tanggal 19 Desember 2019 tentang “Penilaian 19, 2019 regarding “Assessment of
Kualitas Aset Bank Umum” yang kemudian Commercial Banks’ Asset Quality” which was
diubah dengan POJK No. 48/POJK.03/2020 amended subsequently by POJK
tentang “Perubahan atas POJK Nomor No. 48/POJK.03/2020 regarding “Amendment
11/POJK.03/2020 tentang Stimulus on POJK No. 11/POJK.03/2020 regarding
Perekonomian Nasional sebagai Kebijakan National Economic Stimulus as Countercyclical
Countercyclical Dampak Penyebaran Corona Policy Impact of Corona Virus Disease Spread
Virus Disease 2019” tanggal 3 Desember 2020, 2019” dated December 3, 2020, POJK No.
POJK Nomor 17/POJK.03/2021 tanggal 10 17/POJK.03/2021 dated September 10, 2021
September 2021 tentang “Perubahan Kedua regarding “Second Amendment on POJK No.
atas POJK Nomor 11/POJK.03/2020 tentang 11/POJK.03/2020 regarding National
Stimulus Perekonomian Nasional sebagai Economic Stimulus as Countercyclical Policy
Kebijakan Countercyclical Dampak Penyebaran Impact of Corona Virus Disease Spread 2019”
Corona Virus Disease 2019” (berlaku hingga 31 (valid until March 31, 2023).
Maret 2023).
Pada tahun 2022, peraturan-peraturan baru In 2022, new related regulations issued by
terkait yang dikeluarkan oleh regulator adalah regulator are POJK No. 19 Year 2022 dated
POJK No. 19 Tahun 2022 tanggal 27 Oktober October 27, 2022 regarding “Specific
2022 tentang “Perlakuan Khusus untuk Treatment for Financial Service Institutions in
Lembaga Jasa Keuangan pada Daerah dan Certain Areas and Sectors Impacted by
Sektor Tertentu di Indonesia yang Terkena Disaster”, and Financial Services Authority’s
Dampak Bencana”, serta Keputusan Dewan Board of Commisioners Decree No.
Komisioner Otoritas Jasa Keuangan No.
34/KDK.03/2022 dated November 25, 2022
34/KDK.03/2022 tanggal 25 November 2022
regarding “Determination of Accomodation and
tentang “Penetapan Sektor Penyediaan
Akomodasi dan Penyediaan Makan Minum, Food Beverage Sector, Textile, Textile Product
Sektor Tekstil dan Produk Tekstil serta Alas and Footwear Sector, Small, Medium and Micro
Kaki, Segmen Usaha Mikro, Kecil, dan Business Segment, and Bali Province as
Menengah, serta Provinsi Bali sebagai Sektor Sectors and Areas which Require Specific
dan Daerah yang Memerlukan Perlakuan Treatment related to Bank’s Financing and
Khusus terhadap Kredit Atau Pembiayaan Credit” (effective on April 1, 2023 and valid until
Bank” (efektif pada 1 April 2023 dan berlaku March 31, 2024).
hingga 31 Maret 2024).
129 PT Bank Maybank Indonesia Tbk 2023 Annual Report 759
Page 762
760
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
k. Kredit bermasalah berdasarkan sektor k. Non-performing loans based on economic
ekonomi sector
31 Desember/December 31
2023 2022
Kredit Kredit
bermasalah/ Minimum bermasalah/ Minimum
Non- penyisihan/ Non- penyisihan/
performing Minimum performing Minimum
loans allowance*) loans allowance*)
Rupiah Rupiah
Pertanian dan perhutanan 33.865 16.986 195.944 191.119 Agriculture and forestry
Pertambangan 5.316 - 6.283 5.418 Mining
Perindustrian 666.901 396.549 690.478 361.502 Manufacturing
Konstruksi 162.179 62.407 155.443 52.972 Construction
Perdagangan, restoran dan hotel 1.238.906 593.018 1.418.562 791.722 Trading, restaurant and hotel
Angkutan, gudang Transportation, warehouses
dan komunikasi 91.014 51.491 108.739 40.631 and communication
Jasa-jasa dunia usaha 102.426 31.005 123.595 51.816 Business services
Jasa-jasa sosial/masyarakat 13.717 9.562 13.294 10.312 Social/public services
Lain-lain 843.488 526.522 792.705 433.249 Others
3.157.812 1.687.540 3.505.043 1.938.741
Mata uang asing Foreign currencies
Perindustrian 6.115 1.667 36.364 30.136 Manufacturing
Perdagangan, restoran dan hotel 1 1 - - Trading, restaurant and hotel
Jasa-jasa dunia usaha 2 1 2 2 Business services
6.118 1.669 36.366 30.138
3.163.930 1.689.209 3.541.409 1.968.879
*) Kredit bermasalah merupakan kredit yang diklasifikasikan dalam *) Non-performing loans are loans classified in collectibility
kolektibilitas kurang lancar, diragukan dan macet sesuai peraturan substandard, doubtful and loss in accordance with Financial
Otoritas Jasa Keuangan No. 40/POJK.03/2019. Minimun Services Authority regulation No. 40/POJK.03/2019. Minimum
penyisihan dihitung berdasarkan peraturan OJK yang disebutkan allowance is calculated based on the aforementioned OJK
sebelumnya. regulation.
Rasio kredit bermasalah (“NPL”) konsolidasian The consolidated non-performing loans (“NPL”)
per tanggal 31 Desember 2023 dan 2022, ratio as of December 31, 2023 and 2022, in
sesuai dengan Surat Edaran Bank Indonesia accordance with Bank Indonesia Circular Letter
No. 13/30/DPNP tanggal 16 Desember 2011, No. 13/30/DPNP dated December 16, 2011,
dihitung secara bruto masing-masing adalah calculated at gross was 2.92% and 3.46%,
2,92% dan 3,46%, dan dihitung secara neto respectively, and calculated at net were 1.88%
masing-masing adalah 1,88% dan 2,34%. and 2.34%, respectively.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 130
Page 763
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
l. Cadangan kerugian penurunan nilai l. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk kredit yang diberikan loss allowances of loans and sharia
dan piutang/pembiayaan syariah adalah receivables/financing is as follows:
sebagai berikut:
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 62.118.637 7.742.139 3.643.280 26.434.586 99.938.642 Beginning gross carrying amount
Transfer ke Stage 1 1.457.939 (1.323.392) (134.547) - - Transfer to Stage 1
Transfer ke Stage 2 (741.386) 781.152 (39.766) - - Transfer to Stage 2
Transfer ke Stage 3 (372.924) (264.458) 637.382 - - Transfer to Stage 3
Aset baru 27.577.015 157.672 27.710 9.109.457 36.871.854 New assets originated
Perubahan neto (6.649.723) (516.029) (76.204) (2.069.219) (9.311.175) Net change
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (13.109.401) (2.033.834) (284.401) (3.144.606) (18.572.242) (other than write-offs)
Penghapusbukuan - - (668.116) (59.082) (727.198) Write-offs
Selisih akibat perbedaan kurs (107.004) (3.527) (4.570) (28.503) (143.604) Exchange rate differences
Nilai tercatat bruto akhir 70.173.153 4.539.723 3.100.768 30.242.633 108.056.277 Ending gross carrying amount
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 387.309 463.620 1.336.896 1.048.172 3.235.997 allowance
Transfer ke Stage 1 86.323 (55.600) (30.723) - - Transfer to Stage 1
Transfer ke Stage 2 (12.808) 17.009 (4.201) - - Transfer to Stage 2
Transfer ke Stage 3 (4.237) (24.854) 29.091 - - Transfer to Stage 3
Perubahan neto (108.249) 170.047 822.683 259.027 1.143.508 Net change
Aset baru 208.155 15.843 12.202 39.748 275.948 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (101.119) (103.081) (284.401) (71.327) (559.928) (other than write-offs)
Penghapusbukuan - - (668.116) (59.082) (727.198) Write-offs
Selisih akibat perbedaan kurs (425) (1.030) 16.045 (6.104) 8.486 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 454.949 481.954 1.229.476 1.210.434 3.376.813 allowance
31 Desember/December 31, 2022**)
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 55.349.447 8.649.528 4.169.794 25.639.004 93.807.773 Beginning gross carrying amount
Transfer ke Stage 1 904.133 (709.332) (194.801) - - Transfer to Stage 1
Transfer ke Stage 2 (795.103) 832.131 (37.028) - - Transfer to Stage 2
Transfer ke Stage 3 (566.240) (221.556) 787.796 - - Transfer to Stage 3
Aset baru 26.320.020 158.599 29.592 11.459.841 37.968.052 New assets originated
Perubahan neto (5.437.867) 260.234 434.365 (2.396.539) (7.139.807) Net change
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (14.411.026) (1.247.027) (713.434) (8.303.418) (24.674.905) (other than write-offs)
Penghapusbukuan - - (841.770) (251.126) (1.092.896 ) Write-offs
Selisih akibat perbedaan kurs 755.275 19.562 8.765 286.824 1.070.426 Exchange rate differences
Nilai tercatat bruto akhir 62.118.639 7.742.139 3.643.279 26.434.586 99.938.643 Ending gross carrying amount
*) Tidak menerapkan PSAK 71 *) Not implement SFAS 71
**) Disesuaikan dengan penyajian tahun 2023 **) Conform with the presentation in 2023
131 PT Bank Maybank Indonesia Tbk 2023 Annual Report 761
Page 764
762
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
l. Cadangan kerugian penurunan nilai l. Allowance for impairment losses
(lanjutan) (continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk kredit yang diberikan loss allowances of loans and sharia
dan piutang/pembiayaan syariah adalah receivables/financing is as follows: (continued)
sebagai berikut: (lanjutan)
31 Desember/December 31, 2022**)
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 380.389 288.210 1.718.730 744.552 3.131.881 allowance
Transfer ke Stage 1 67.894 (40.595) (27.299) - - Transfer to Stage 1
Transfer ke Stage 2 (7.918) 11.690 (3.772) - - Transfer to Stage 2
Transfer ke Stage 3 (4.350) (11.791) 16.141 - - Transfer to Stage 3
Perubahan neto (109.620) 280.992 1.059.837 482.505 1.713.714 Net change
Aset baru 172.438 14.978 11.710 78.145 277.271 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (113.292) (82.847) (713.434) (18.328) (927.901) (other than write-offs)
Penghapusbukuan - - (841.770) (251.126) (1.092.896) Write-offs
Selisih akibat perbedaan kurs 1.770 2.982 116.752 12.424 133.928 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 387.311 463.619 1.336.895 1.048.172 3.235.997 allowance
*) Tidak menerapkan PSAK 71 *) Not implement SFAS 71
**) Disesuaikan dengan penyajian tahun 2023 **) Conform with the presentation in 2023
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
Jumlah penyisihan penghapusan aset yang Allowance for uncollectible assets required for
wajib dibentuk atas kredit yang diberikan sesuai loans which is in accordance with Financial
dengan ketentuan Otoritas Jasa Keuangan Services Authority regulation for Capital
untuk perhitungan Kewajiban Penyediaan Adequacy Ratio (“CAR”) computation
Modal Minimum (“KPMM”) adalah masing- amounted to Rp2,924,512 and Rp3,087,813 as
masing sebesar Rp2.924.512 dan Rp3.087.813 of December 31, 2023 and 2022, respectively.
pada 31 Desember 2023 dan 2022. Rasio Adequacy ratio for allowance for uncollectible
pemenuhan penyisihan penghapusan aset assets on loans as of December 31, 2023 and
yang wajib dibentuk untuk kredit yang diberikan 2022 amounted to 115.47% and 104.80%,
masing-masing sebesar 115,47% dan 104,80% respectively, has complied with Financial
pada tanggal 31 Desember 2023 dan 2022 Services Authority regulation.
telah sesuai dengan ketentuan Otoritas Jasa
Keuangan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 132
Page 765
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. PIUTANG PEMBIAYAAN KONSUMEN 13. CONSUMER FINANCING RECEIVABLES
a. Piutang pembiayaan konsumen entitas anak a. The subsidiaries’ consumer financing
receivables
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pihak ketiga Third parties
Piutang pembiayaan Consumer financing
konsumen - bruto 10.206.593 10.059.912 receivables - gross
Dikurangi: Less:
Pendapatan pembiayaan Unearned
konsumen yang consumer financing
belum diakui (2.260.864) (2.183.468) receivables
7.945.729 7.876.444
Dikurangi: Less:
Cadangan kerugian Allowance for impairment
penurunan nilai (145.288) (122.471) losses
7.800.441 7.753.973
Akun ini merupakan piutang yang dikenakan This account represents interest-bearing
bunga yang timbul dari kegiatan dalam bentuk receivables arising from financing activities for
penyediaan kendaraan bermotor roda empat four-wheeled and two-wheeled motor vehicles
dan dua kepada konsumen dengan to consumers with periodic installment payment
pembayaran angsuran secara berkala. schedule.
Sebagai jaminan atas piutang yang diberikan, The receivables are secured by fiduciary
entitas anak menerima jaminan dari konsumen transfers of vehicles whereby the subsidiaries
berupa Bukti Pemilikan Kendaraan Bermotor receive the Motor Vehicle Ownership
(“BPKB”) dari kendaraan bermotor yang Certificates (“BPKB”).
dibiayai.
Bagian pinjaman yang dibiayai bank-bank pihak The part of financing which was financed by
ketiga sehubungan dengan transaksi kerjasama third party banks related to joint financing
pembiayaan bersama dengan pembagian risiko without recourse basis as of December 31,
tidak tertagihnya piutang (without recourse) per 2023 and 2022 amounted to RpNil.
tanggal 31 Desember 2023 dan 2022 adalah
sebesar RpNihil.
Pada tanggal 31 Desember 2023 dan 2022 As of December 31, 2023 and 2022 consumer
piutang pembiayaan konsumen masing-masing financing receivables amounting to
sebesar Rp3.733.169 dan Rp3.231.924 Rp3,733,169 and Rp3,231,924 respectively,
digunakan sebagai jaminan atas pinjaman yang were pledged as collateral to the subsidiaries’
diterima entitas anak (Catatan 23) dan masing- borrowings (Note 23) are Rp1,822,802 and
masing sebesar Rp1.822.802 dan Rp1.596.682 Rp1,596,682 respectively, were pledged to the
sebagai jaminan atas utang obligasi (Catatan subsidiary’s bonds issued (Note 22).
22).
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
133 PT Bank Maybank Indonesia Tbk 2023 Annual Report 763
Page 766
764
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES
(continued)
b. Berdasarkan kolektibilitas b. By Collectibility
Berdasarkan POJK No. 35/POJK.05/2018, Based on POJK No. 35/POJK.05/2018,
piutang pembiayaan konsumen digolongkan consumer financing were classified as follow:
sebagai berikut:
31 Desember/December 31
2023 2022
Klasifikasi Classification
Lancar 7.291.750 7.300.133 Current
Dalam perhatian khusus 570.507 517.221 Special mention
Kurang lancar 20.488 15.453 Substandard
Diragukan 33.087 21.228 Doubtful
Macet 29.897 22.409 Loss
7.945.729 7.876.444
c. Menurut sisa umur jatuh tempo c. By Maturity
31 Desember/December 31
2023 2022
Berdasarkan Berdasarkan
Berdasarkan sisa umur Berdasarkan sisa umur
periode jatuh tempo/ periode jatuh tempo/
perjanjian Based on perjanjian Based on
kredit/ remaining kredit/ remaining
Based on loan period until Based on loan period until
period maturity period maturity
Rupiah Rupiah
< = 1 tahun 205.555 1.110.370 205.841 927.481 < = 1 year
> 1 - 2 tahun 925.013 2.371.201 920.060 2.452.288 > 1 - 2 years
> 2 - 5 tahun 6.411.066 4.346.551 6.229.218 4.354.513 > 2 - 5 years
> 5 tahun 404.095 117.607 521.325 142.162 > 5 years
7.945.729 7.945.729 7.876.444 7.876.444
d. Tingkat bunga d. Interest rate
Tingkat bunga rata-rata per tahun yang The average interest rates per annum charged
dibebankan kepada debitur adalah sebagai to debtors are as follows:
berikut:
Tahun yang Berakhir pada
Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah Rupiah
PT Maybank Indonesia PT Maybank Indonesia
Finance Finance
Mobil 7,57% 7,98% Car
PT Wahana Ottomitra PT Wahana Ottomitra
Multiartha Tbk Multiartha Tbk
Motor 34,11% 34,20% Motorcycle
PT Bank Maybank Indonesia Tbk 2023 Annual Report 134
Page 767
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES
(continued)
e. Cadangan kerugian penurunan nilai e. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk piutang pembiayaan loss allowances of consumer financing
konsumen adalah sebagai berikut: receivables is as follows:
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 6.765.782 668.549 62.725 379.388 7.876.444 Beginning gross carrying amount
Transfer ke Stage 1 424.997 (424.111) (886) - - Transfer to Stage 1
Transfer ke Stage 2 (151.323) 151.469 (146) - - Transfer to Stage 2
Transfer ke Stage 3 (55.523) (11.400) 66.923 - - Transfer to Stage 3
Aset baru 4.201.089 95.230 32.309 396.031 4.724.659 New assets originated
Perubahan neto (2.618.135) (49.788) 130.345 (129.249) (2.666.827) Net change
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (1.516.873) (199.453) (26.471) (57.248) (1.800.045) (other than write-offs)
Penghapusbukuan - - (180.722) (7.780) (188.502) Write-offs
Nilai tercatat bruto akhir 7.050.014 230.496 84.077 581.142 7.945.729 Ending gross carrying amount
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 57.757 23.564 33.132 8.018 122.471 allowance
Transfer ke Stage 1 5.678 (5.312) (366) - - Transfer to Stage 1
Transfer ke Stage 2 (2.874) 2.926 (52) - - Transfer to Stage 2
Transfer ke Stage 3 (1.664) (1.518) 3.182 - - Transfer to Stage 3
Perubahan neto (30.421) 7.959 198.840 7.545 183.923 Net change
Aset baru 40.548 12.329 20.017 8.460 81.354 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (11.094) (13.815) (26.471) (2.578) (53.958) (other than write-offs)
Penghapusbukuan - - (180.722) (7.780) (188.502) Write-offs
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 57.930 26.133 47.560 13.665 145.288 allowance
31 Desember/December 31, 2022**)
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 6.833.015 876.573 80.610 172.560 7.962.758 Beginning gross carrying amount
Transfer ke Stage 1 502.715 (500.642) (2.073) - - Transfer to Stage 1
Transfer ke Stage 2 (153.168) 153.988 (820) - - Transfer to Stage 2
Transfer ke Stage 3 (46.093) (12.025) 58.118 - - Transfer to Stage 3
Aset baru 4.389.269 61.638 19.704 299.072 4.769.683 New assets originated
Perubahan neto (3.110.715) 386.364 94.613 (51.834) (2.681.572) Net change
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (1.649.240) (297.347) (30.272) (39.271) (2.016.130) (other than write-offs)
Penghapusbukuan - - (157.156) (1.139) (158.295) Write-offs
Nilai tercatat bruto akhir 6.765.783 668.549 62.724 379.388 7.876.444 Ending gross carrying amount
*) Tidak menerapkan PSAK 71 *) Not implement SFAS 71
**) Disesuaikan dengan penyajian tahun 2023 **) Conform with the presentation in 2023
135 PT Bank Maybank Indonesia Tbk 2023 Annual Report 765
Page 768
766
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES
(continued)
e. Cadangan kerugian penurunan nilai e. Allowance for impairment losses
(lanjutan) (continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk piutang pembiayaan loss allowances of consumer financing
konsumen adalah sebagai berikut: (lanjutan) receivables is as follows: (continued)
31 Desember/December 31, 2022**)
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 75.438 19.515 39.265 1.548 135.766 allowance
Transfer ke Stage 1 7.675 (7.086) (589) - - Transfer to Stage 1
Transfer ke Stage 2 (2.733) 2.958 (225) - - Transfer to Stage 2
Transfer ke Stage 3 (1.652) (624) 2.276 - - Transfer to Stage 3
Perubahan neto (45.581) 9.248 168.700 76 132.443 Net change
Aset baru 38.480 8.248 11.132 7.634 65.494 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (13.871) (8.695) (30.272) (99) (52.937) (other than write-offs)
Penghapusbukuan - - (157.156) (1.139) (158.295) Write-offs
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 57.756 23.564 33.131 8.020 122.471 allowance
*) Tidak menerapkan PSAK 71 *) Not implement SFAS 71
**) Disesuaikan dengan penyajian tahun 2023 **) Conform with the presentation in 2023
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
f. Piutang pembiayaan konsumen f. Restructured consumer financing
restrukturisasi receivables
Perusahaan telah melakukan restrukturisasi The Company has restructured its financing for
pembiayaan untuk debitur yang terkena debtors affected by the Covid-19 pandemic by
dampak pandemi Covid-19 yaitu penundaan tenure extension, grace period, and change of
pokok, perpanjangan tenor dan perubahan due date in accordance with POJK No.
jatuh tempo sesuai dengan POJK No. 14/POJK.05/2020 "Countercyclical Policy
14/POJK.05/2020 ”Kebijakan Countercyclical Impact of the Spread of Coronavirus Disease
Dampak Penyebaran Coronavirus Disease 2019 for Non-Bank Financial Services
2019 bagi Lembaga Jasa Keuangan Non-Bank” Institutions" dated April 17, 2020. As of
tanggal 17 April 2020. Per tanggal 31 December 31, 2023 and 2022, the balance of
Desember 2023 dan 2022, saldo piutang restructured Covid-19 consumer financing
pembiayaan konsumen - bruto restrukturisasi receivables - gross amounted to Rp90,398 and
Covid-19 masing-masing sebesar Rp90.398 Rp335,647, respectively. Based on the
dan Rp335.647. Sesuai dengan kebijakan aforementioned regulation, the restructured
tersebut, kualitas aset pembiayaan financing asset quality is current.
direstrukturisasi ditetapkan lancar.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 136
Page 769
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
a. Tagihan akseptasi a. Acceptances receivable
(i) Berdasarkan pihak, mata uang dan pihak (i) By counterparty, currency and related
berelasi party
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Bank lain - 735 Other banks
Pihak ketiga Third parties
Nasabah 146.291 411.562 Debtors
Bank lain 14.343 20.414 Other banks
160.634 431.976
Sub-jumlah - Rupiah 160.634 432.711 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pihak ketiga Third parties
Nasabah 618.679 834.629 Debtors
Bank lain 7.382 9.941 Other banks
Sub-jumlah - Mata uang asing 626.061 844.570 Sub-total - Foreign currencies
Jumlah 786.695 1.277.281 Total
Dikurangi : Less:
Cadangan kerugian Allowance for impairment
penurunan nilai (1.065) (14.441) losses
Tagihan akseptasi - neto 785.630 1.262.840 Acceptances receivable - net
(ii) Berdasarkan kolektibilitas (ii) By collectibility
31 Desember/December 31
2023 2022
Klasifikasi Classification
Lancar 786.695 1.277.281 Current
137 PT Bank Maybank Indonesia Tbk 2023 Annual Report 767
Page 770
768
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
(lanjutan) (continued)
a. Tagihan akseptasi (lanjutan) a. Acceptances receivable (continued)
(iii)Berdasarkan jatuh tempo (iii) By maturity
31 Desember/December 31
2023 2022
Rupiah Rupiah
< = 1 bulan 64.029 119.457 < = 1 month
> 1 bulan - 3 bulan 68.013 223.747 > 1 month - 3 months
> 3 bulan - 6 bulan 28.592 89.507 > 3 months - 6 months
160.634 432.711
Mata uang asing Foreign currencies
< = 1 bulan 162.839 210.913 < = 1 month
> 1 bulan - 3 bulan 205.406 438.304 > 1 month - 3 months
> 3 bulan - 6 bulan 257.816 195.353 > 3 months - 6 months
626.061 844.570
786.695 1.277.281
(iv) Cadangan kerugian penurunan nilai (iv) Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected
ekspektasian terkait untuk tagihan akseptasi credit loss allowances of acceptance
sebagai berikut: receivables is as follows:
31 Desember/December 31, 2023
Stage 1 Stage 2 Stage 3 Jumlah/Total
Nilai tercatat bruto awal 1.256.236 - 21.045 1.277.281 Beginning gross carrying amount
Aset baru 784.813 1.883 - 786.696 New assets originated
Aset dihentikan
pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (1.256.237) - (21.045) (1.277.282) (other than write-offs)
Nilai tercatat bruto akhir 784.812 1.883 - 786.695 Ending gross carrying amount
PT Bank Maybank Indonesia Tbk 2023 Annual Report 138
Page 771
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
(lanjutan) (continued)
a. Tagihan akseptasi (lanjutan) a. Acceptances receivable (continued)
(iv) Cadangan kerugian penurunan nilai (iv) Allowance for impairment losses
(lanjutan) (continued)
31 Desember/December 31, 2023
Stage 1 Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian Beginning expected credit
kredit ekspektasian awal 1.673 - 12.768 14.441 loss allowance
Aset baru 1.063 1 - 1.064 New assets originated
Perubahan neto (52) - - (52) Net change
Aset dihentikan
pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (1.673) - (12.768) (14.441) (other than write-offs)
Selisih akibat
perbedaan kurs 53 - - 53 Exchange rate differences
Cadangan atas kerugian
kredit ekspektasian Ending expected credit
akhir 1.064 1 - 1.065 loss allowance
31 Desember/December 31, 2022
Stage 1 Stage 2 Stage 3 Jumlah/Total
Nilai tercatat bruto awal 1.659.507 8.453 - 1.667.960 Beginning gross carrying amount
Aset baru 233.531 - 21.045 254.576 New assets originated
Perubahan neto (346.724) - - (346.724) Net change
Aset dihentikan
pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (342.190) (8.453) - (350.643) (other than write-offs)
Selisih akibat
perbedaan kurs 52.112 - - 52.112 Exchange rate differences
Nilai tercatat bruto akhir 1.256.236 - 21.045 1.277.281 Ending gross carrying amount
31 Desember/December 31, 2022
Stage 1 Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian Beginning expected credit
kredit ekspektasian awal 3.828 5 - 3.833 loss allowance
Aset baru 228 - 12.768 12.996 New assets originated
Perubahan neto (2.767) - - (2.767) Net change
Aset dihentikan
pengakuannya
(selain karena Assets derecognised
penghapusbukuan) (655) (5) - (660) (other than write-offs)
Selisih akibat
perbedaan kurs 1.039 - - 1.039 Exchange rate differences
Cadangan atas kerugian
kredit ekspektasian Ending expected credit
akhir 1.673 - 12.768 14.441 loss allowance
Cadangan kerugian penurunan nilai dihitung Allowance for impairment losses is
sesuai dengan kebijakan pada Catatan 2o. calculated using policy which is inline with
Note 2o.
139 PT Bank Maybank Indonesia Tbk 2023 Annual Report 769
Page 772
770
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
(lanjutan) (continued)
a. Tagihan akseptasi (lanjutan) a. Acceptances receivable (continued)
(iv) Cadangan kerugian penurunan nilai (iv) Allowance for impairment losses
(lanjutan) (continued)
Manajemen berpendapat bahwa jumlah Management believes that the allowance
cadangan kerugian penurunan nilai telah for impairment losses is adequate.
memadai.
b. Liabilitas akseptasi b. Acceptances payable
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pihak ketiga Third parties
Bank lain 139.731 355.145 Other banks
Nasabah 9.030 30.274 Debtors
Sub-jumlah - Rupiah 148.761 385.419 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pihak berelasi (Catatan 44) Related parties (Note 44)
Bank lain 517 21.635 Other banks
Pihak ketiga Third parties
Bank lain 355.378 428.364 Other banks
Nasabah 7.383 9.941 Debtors
362.761 438.305
Sub-jumlah - Mata uang asing 363.278 459.940 Sub-total - Foreign Currencies
Jumlah 512.039 845.359 Total
Informasi mengenai transaksi dengan pihak Information on related parties and maturities
berelasi dan jatuh tempo diungkapkan masing- are disclosed in Notes 44 and 54, respectively.
masing pada Catatan 44 dan 54.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 140
Page 773
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK-GUNA 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
31 Desember/December 31
2023 2022
Aset tetap - neto 3.146.342 3.011.201 Fixed assets - net
Aset hak-guna - neto 681.882 432.855 Right-of-use assets - net
3.828.224 3.444.056
a. Aset Tetap a. Fixed Assets
31 Desember/December 31
2023 2022
Biaya perolehan/nilai penilaian
kembali At cost/revalued amount
Kepemilikan langsung: Direct ownership:
Tanah 2.428.488 2.433.936 Land
Buildings, including
Bangunan, termasuk renovasi 696.642 666.446 leasehold improvements
Peralatan kantor 1.627.903 1.571.058 Office equipment
Instalasi 420.078 417.314 Installations
Kendaraan bermotor 90.230 112.483 Vehicles
5.263.341 5.201.237
Akumulasi penyusutan Accumulated depreciation
Kepemilikan langsung: Direct ownership:
Buildings, including
Bangunan, termasuk renovasi 541.906 482.810 leasehold improvements
Peralatan kantor 1.133.885 1.229.775 Office equipment
Instalasi 385.707 393.108 Installations
Kendaraan bermotor 55.501 84.343 Vehicles
2.116.999 2.190.036
Nilai buku neto 3.146.342 3.011.201 Net book value
141 PT Bank Maybank Indonesia Tbk 2023 Annual Report 771
Page 774
772
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Mutasi aset tetap dan akumulasi penyusutan Movements of consolidated fixed assets and
konsolidasian adalah sebagai berikut: accumulated depreciation are as follows:
31 Desember/December 31, 2023
Penjabaran
kurs/ Selisih penilaian
Reklasifikasi/ kembali aktiva
Foreign tetap tanah/
currency Revaluation
1 Januari/ Penambahan/ Pengurangan/ translation/ in fixed asset 31 Desember/
January 1 Addition Deductions Reclassification for land Desember 31
Biaya Perolehan/
Nilai penilaian
kembali At cost/Revalued amount
Kepemilikan langsung: Direct ownership:
Tanah 2.433.936 3.607 2.756 (5.920) (379) 2.428.488 Land
Bangunan, termasuk Buildings, including
renovasi 666.446 32.701 2.346 (159) - 696.642 leasehold improvement
Peralatan kantor 1.571.058 336.965 190.494 (89.626) - 1.627.903 Office equipment
Instalasi 417.314 22.041 19.189 (88) - 420.078 Installation
Kendaraan bermotor 112.483 20.368 42.608 (13) - 90.230 Vehicles
5.201.237 415.682 257.393 (95.806) (379) 5.263.341
Akumulasi Penyusutan Accumulated depreciation
Kepemilikan langsung: Direct ownership:
Bangunan, termasuk Buildings, including
renovasi 482.810 60.240 988 (156) - 541.906 leasehold improvement
Peralatan kantor 1.229.775 133.048 188.771 (40.167) - 1.133.885 Office equipment
Instalasi 393.108 11.857 19.173 (85) - 385.707 Installation
Kendaraan bermotor 84.343 11.741 40.580 (3) - 55.501 Vehicles
2.190.036 216.886 249.512 (40.411) - 2.116.999
Nilai Buku Neto 3.011.201 3.146.342 Net Book Value
31 Desember/December 31, 2022
Penjabaran
kurs/ Selisih penilaian
Reklasifikasi/ kembali aktiva
Foreign tetap tanah/
currency Revaluation
1 Januari/ Penambahan/ Pengurangan/ translation/ in fixed asset 31 Desember/
January 1 Addition Deductions Reclassification for land Desember 31
Biaya Perolehan/
Nilai penilaian
kembali At cost/Revalued amount
Kepemilikan langsung: Direct ownership:
Tanah 2.453.977 2.412 - (3.410) (19.043) 2.433.936 Land
Bangunan, termasuk Buildings, including
renovasi 691.310 43.121 63.243 (4.742) - 666.446 leasehold improvement
Peralatan kantor 1.635.403 189.335 239.754 (13.926) - 1.571.058 Office equipment
Instalasi 460.839 11.209 63.765 9.031 - 417.314 Installation
Kendaraan bermotor 112.739 21.456 21.693 (19) - 112.483 Vehicles
5.354.268 267.533 388.455 (13.066) (19.043) 5.201.237
Akumulasi Penyusutan Accumulated depreciation
Kepemilikan langsung: Direct ownership:
Bangunan, termasuk Buildings, including
renovasi 498.822 54.872 63.039 (7.845) - 482.810 leasehold improvement
Peralatan kantor 1.364.042 122.061 239.234 (17.094) - 1.229.775 Office equipment
Instalasi 436.835 11.170 63.669 8.772 - 393.108 Installation
Kendaraan bermotor 92.235 11.208 19.095 (5) - 84.343 Vehicles
2.391.934 199.311 385.037 (16.172) - 2.190.036
Nilai Buku Neto 2.962.334 3.011.201 Net Book Value
Beban penyusutan yang dibebankan pada tahun The depreciation expenses for the years ended
yang berakhir pada tanggal-tanggal 31 Desember December 31, 2023 and 2022 amounted to
2023 dan 2022 adalah masing-masing sebesar Rp216,886 and Rp199,311, respectively.
Rp216.886 dan Rp199.311.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 142
Page 775
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Pengurangan aset tetap di atas termasuk The above deductions in fixed assets include sale
penjualan aset dengan rincian sebagai berikut: of assets with details as follows:
31 Desember/December 31
2023 2022
Nilai buku 6.295 2.709 Book value
Harga jual 11.308 5.039 Selling price
Laba penjualan aset tetap
(Catatan 42) 5.013 2.330 Gains from sale of fixed assets (Note 42)
Pada tahun 2021 (sebelumnya pernah In 2021 (previously performed in 2016 and
dilakukan juga pada tahun 2016 dan 2018), 2018 as well), Bank performed fixed assets
Bank melakukan penilaian kembali aset tetap revaluation on land located in Indonesia.
berupa tanah yang berada di Indonesia. Based on Independent Appraisal report which
Berdasarkan laporan dari Penilai Independen was performed by independent appraiser
dari KJPP Susan Widjojo dan Rekan yang KJPP Susan Widjojo dan Rekan signed by
ditandatangani Susan Widjojo, MAPPI (Cert) Susan Widjojo, MAPPI (Cert) dated December
pada 28 Desember 2021, metode yang 28, 2021, the methods used are market data
digunakan dalam penilaian kembali aset tetap approach. The revaluation date is on
adalah metode pendekatan data pasar. November 30, 2021.
Tanggal penilaian adalah 30 November 2021.
Penilaian dilakukan sesuai dengan dan tunduk Appraisals are performed based on
kepada ketentuan-ketentuan dari Kode Etik Indonesian Appraisers Ethics Code,
Penilai Indonesia, Standar Penilaian Indonesian Appraisal Standards and
Indonesia dan Peraturan BAPEPAM-LK BAPEPAM-LK rule No. VIII.C.4 concerning
No. VIII.C.4 tentang Pedoman Penilaian dan Guidelines for Valuation and Presentation of
Penyajian Laporan Penilai Properti di Pasar Property Appraisal General Concept and
Modal. Konsep dan Prinsip Umum Penilaian Principal point 17 year 2015, based on
(KPUP) poin 17 tahun 2015, ditentukan references from recent market transactions
berdasarkan transaksi pasar terkini dan and performed under common requirements
dilakukan dengan ketentuan-ketentuan yang and using appraisal approach.
lazim dan menggunakan pendekatan
penilaian.
Dalam pengukuran nilai wajar tanah, Penilai In the fair value measurement of the land, the
Independen memperhitungkan kemampuan Independent Appraisers takes into account a
peserta pasar untuk menghasilkan manfaat market participant’s ability to generate economic
ekonomi dengan penggunaan tertinggi dan benefits by using the assets in its highest and
terbaik atas aset atau dengan menjual aset ke best use or by selling it to another market
peserta pasar lain yang akan menggunakan participant that would use the assets in its
aset pada kondisi tertinggi dan penggunaan highest and best use. The revaluation of land
terbaik. Penilaian kembali yang dilakukan resulted in increase of carrying amount
atas tanah menghasilkan kenaikan nilai amounted to Rp160,604 which was recognized
tercatat sebesar Rp160.604 dan dicatat as part of equity as fixed assets revaluation
sebagai bagian dari ekuitas sebagai surplus surplus and other comprehensive income.
revaluasi aset tetap dan penghasilan
komprehensif lain.
143 PT Bank Maybank Indonesia Tbk 2023 Annual Report 773
Page 776
774
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Tabel berikut menyajikan perbandingan antara The following table presents the comparison
tanah berdasarkan model revaluasi dan model between land based on revaluation model and
biaya pada tanggal 31 Desember 2023 dan cost model as of December 31, 2023 and 2022:
2022:
31 Desember/December 31
2023 2022
Model biaya/ Model revaluasi/ Model biaya/ Model revaluasi/
Cost model Revaluation model Cost model Revaluation model
Tanah 443.580 2.428.488 449.028 2.433.936 Land
Tabel di bawah ini menyajikan instrumen non- The table below shows the non-financial
keuangan yang diakui pada nilai wajar instruments recognized at fair value based on
berdasarkan hirarki yang digunakan Bank the hierarchy used by the Bank in
untuk menentukan dan mengungkapkan nilai determining and disclosing the fair value of
wajar dari instrumen non-keuangan: non-financial instruments:
(i) Tingkat 1: Dikutip dari harga pasar aktif (i) Level 1: Quoted (unadjusted) prices in
untuk aset atau liabilitas yang identik; active markets for identical assets or
liabilities;
(ii) Tingkat 2: Teknik valuasi dimana seluruh (ii) Level 2: Valuation techniques for which all
input yang memiliki efek signifikan inputs which have a significant effect on
terhadap nilai wajar yang tercatat dapat the recorded fair value are observable
diobservasi baik secara langsung atau either directly or indirectly;
tidak langsung;
(iii) Tingkat 3: Teknik valuasi dimana seluruh (iii) Level 3: Valuation techniques which use
input yang memiliki efek signifikan inputs that have a significant effect on the
terhadap nilai wajar yang tercatat tidak recorded fair value that are not based on
dapat diobservasi dari data pasar. observable market data.
31 Desember/December 31, 2023
Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
Level 1 Level 2 Level 3 Total
Tanah - 2.428.488 - 2.428.488 Land
31 Desember/December 31, 2022
Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
Level 1 Level 2 Level 3 Total
Tanah - 2.433.936 - 2.433.936 Land
Nilai wajar tingkat 2 dari tanah dihitung Level 2 fair value of land is calculated using
dengan menggunakan pendekatan the comparable market data approach. The
perbandingan harga pasar. Harga pasar dari approximate market prices of comparable land
tanah yang paling mendekati disesuaikan are adjusted for differences in key attributes
dengan perbedaan atribut utama seperti such as property size, location and use of an
ukuran aset, lokasi dan penggunaan aset. asset. The most significant input into this
Input yang paling signifikan dalam pendekatan valuation approach is price per square meter
penilaian ini adalah asumsi harga per meter. assumptions.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 144
Page 777
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Bank dan entitas anak memiliki sejumlah The Bank and subsidiaries owned numbers of
bidang tanah dengan hak kepemilikan berupa parcels of land with Building Use Rights (Hak
Hak Guna Bangunan yang akan jatuh tempo Guna Bangunan or “HGB”) that will expire
antara tahun 2024 sampai 2053 yang between 2024 and 2053 which are spread all
tersebar di seluruh Indonesia di mana over Indonesia where Bank’s branches are
cabang Bank berada. Manajemen located. Management believes that the land
berpendapat hak atas tanah tersebut dapat rights can be extended.
diperpanjang.
Manajemen berpendapat tidak terdapat indikasi Management believes that there is no
penurunan nilai atas aset tetap yang dimiliki impairment in the value of fixed assets owned
Bank. by the Bank.
Aset tetap Bank, kecuali tanah, diasuransikan Fixed assets of the Bank, except land, were
terhadap risiko kebakaran dan pencurian pada insured against risk of fire and theft as of
tanggal 31 Desember 2023 kepada perusahaan December 31, 2023 with the Bank’s related
asuransi pihak terkait Bank yaitu PT Asuransi party insurance company which is PT Asuransi
Etiqa Internasional Indonesia dan perusahaan Etiqa Internasional Indonesia and the Bank’s
asuransi pihak ketiga Bank yaitu Asuransi Sinar third parties insurance companies which are
Mas, Asuransi Harta Aman, Asuransi Allianz Asuransi Sinar Mas, Asuransi Harta Aman,
Utama Indonesia, Great Eastern Insurance Asuransi Allianz Utama Indonesia, Great
Indonesia dan Zurich Asuransi Indonesia Eastern Insurance Indonesia and Zurich
dengan nilai pertangggungan sebesar Asuransi Indonesia with the insured amount of
Rp2.121.872 dan USD7.405.285 dan pada Rp2,121,872 and USD7,405,285 and as of
tanggal 31 Desember 2022 kepada perusahaan December 31, 2022 with the Bank’s related
asuransi pihak Bank terkait yaitu PT Asuransi party insurance company which is PT Asuransi
Etiqa Internasional Indonesia dan perusahaan Etiqa Internasional Indonesia and the Bank’s
asuransi pihak ketiga yaitu Asuransi Sinar Mas, third parties Insurance companies which are
Asuransi Harta Aman, Asuransi Allianz Utama Asuransi Sinar Mas, Asuransi Harta Aman,
Indonesia, Great Eastern Insurance Indonesia Asuransi Allianz Utama Indonesia, Great
and Zurich Asuransi Indonesia dengan nilai Eastern Insurance Indonesia and Zurich
pertanggungan sebesar Rp2.056.504 dan Asuransi Indonesia with the insured amount of
USD8.327.185. Manajemen berpendapat Rp2,056,504 and USD8,327,185. Management
bahwa nilai pertanggungan tersebut cukup believes that the insurance coverage is
untuk menutupi kemungkinan kerugian atas adequate to cover possible losses on the
aset yang dipertanggungkan. assets insured.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the gross
jumlah tercatat bruto dari setiap aset tetap yang amount of fixed assets which have been fully
telah disusutkan penuh dan masih digunakan depreciated and still being used amounted to,
adalah masing-masing sebesar Rp1.366.726 Rp1,366,726 and Rp1,437,256, respectively.
dan Rp1.437.256.
Penambahan dan pengurangan aset tetap Additions and deductions of the Bank’s fixed
Bank pada tanggal 31 Desember 2023 dan assets as of December 31, 2023 and 2022,
2022 terutama terdiri dari perangkat keras mainly consists of computer hardware, ATM
komputer, mesin ATM, tanah, bangunan dan machines, land, buildings and motor vehicles
kendaraan bermotor yang digunakan untuk used for the Bank’s operational activities.
aktivitas operasional Bank.
145 PT Bank Maybank Indonesia Tbk 2023 Annual Report 775
Page 778
776
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
b. Aset hak-guna b. Right-of-use Assets
Rekonsiliasi kelompok-kelompok utama aset The reconciliation of right-of-use assets by
hak-guna adalah sebagai berikut: major classifications were as follows:
31 Desember/December 31, 2023
Kendaraan
Bangunan/ Bermotor/ Sentra Data/
Premises Motor Vehicle Data Centre Jumlah/Total
Nilai bruto Gross balance
Saldo awal 789.074 64.997 129.112 983.183 Beginning balance
Penambahan selama tahun
berjalan 471.879 - - 471.879 Additions for the year
Penghentian selama tahun
berjalan (413.465) - - (413.465) Termination for the year
Modifikasi selama tahun berjalan 233 - - 233 Modification for the year
Saldo akhir 847.721 64.997 129.112 1.041.830 Ending balance
Akumulasi penyusutan Accumulated depreciation
Saldo awal 466.709 38.891 44.728 550.328 Beginning balance
Penambahan selama tahun
berjalan 186.300 13.052 23.407 222.759 Additions for the year
Penghentian selama tahun
berjalan (413.239) - - (413.239) Termination for the year
Modifikasi selama tahun berjalan 100 - - 100 Modification for the year
Saldo akhir 239.870 51.943 68.135 359.948 Ending balance
Nilai buku neto 607.851 13.054 60.977 681.882 Net book value
31 Desember/December 31, 2022
Kendaraan
Bangunan/ Bermotor/ Sentra Data/
Premises Motor Vehicle Data Centre Jumlah/Total
Nilai bruto Gross balance
Saldo awal 808.364 64.997 72.462 945.823 Beginning balance
Penambahan selama tahun
berjalan 61.344 - 56.650 117.994 Additions for the year
Penghentian selama tahun
berjalan (80.634) - - (80.634) Termination for the year
Saldo akhir 789.074 64.997 129.112 983.183 Ending balance
Akumulasi penyusutan Accumulated depreciation
Saldo awal 352.023 25.839 24.154 402.016 Beginning balance
Penambahan selama tahun
berjalan 195.320 13.052 20.574 228.946 Additions for the year
Penghentian selama tahun
berjalan (80.634) - - (80.634) Termination for the year
Saldo akhir 466.709 38.891 44.728 550.328 Ending balance
Nilai buku neto 322.365 26.106 84.384 432.855 Net book value
PT Bank Maybank Indonesia Tbk 2023 Annual Report 146
Page 779
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP DAN ASET HAK GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
b. Aset hak-guna (lanjutan) b. Right-of-use Assets (continued)
Laporan laba rugi menyajikan saldo berikut Statement of profit or loss shows the following
berkaitan dengan sewa: amounts related to leases:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Beban penyusutan aset hak-guna: Depreciation expenses of right-of-use assets:
- Bangunan 186.300 195.320 Premises -
- Kendaraan bermotor 13.052 13.052 Motor vehicle -
- Sentra data 23.407 20.574 Data centre -
222.759 228.946
Beban bunga: Interest expenses:
- Bangunan 13.296 12.380 Premises -
- Kendaraan bermotor 1.446 2.361 Motor vehicle -
- Sentra data 5.343 5.923 Data centre -
20.085 20.664
Beban berkaitan dengan sewa jangka Expenses relating to short term leases
pendek (kurang dari 12 bulan) 17.010 23.827 (less than 12 months)
259.854 273.437
Penambahan dan pengurangan aset hak-guna Additions and deductions of the Bank’s right-
Bank pada tanggal 31 Desember 2023 dan of-use assets as of December 31, 2023 and
2022 terutama terdiri dari bangunan dan sentra 2022 mainly consists of premises and data
data yang digunakan untuk aktivitas operasional centre used for the Bank’s operational
Bank. activities.
16. ASET TIDAK BERWUJUD 16. INTANGIBLE ASSETS
Aset tidak berwujud terdiri dari perangkat lunak dan Intangible assets consist of computer software and
goodwill. goodwill.
31 Desember/December 31
2023 2022
Perangkat lunak - neto 356.496 215.197 Computer software - net
Goodwill 7.128 7.128 Goodwill
363.624 222.325
147 PT Bank Maybank Indonesia Tbk 2023 Annual Report 777
Page 780
778
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
16. ASET TIDAK BERWUJUD (lanjutan) 16. INTANGIBLE ASSETS (continued)
a. Perangkat lunak a. Computer software
31 Desember/December 31, 2023
Koreksi
translasi/
1 Januari/ Penambahan/ Pengurangan/ Translation Reklasifikasi/ 31 Desember/
January 1 Addition Disposals adjustment Reclassification Desember 31
Perangkat lunak Computer software
Biaya perolehan 1.133.229 180.294 (25.310) (318) 89.568 1.377.463 At cost
Akumulasi amortisasi (918.032) (88.352) 25.225 297 (40.105) (1.020.967) Accumulated amortization
Nilai Buku Neto 215.197 356.496 Net Book Value
31 Desember/December 31, 2022
Koreksi
translasi/
1 Januari/ Penambahan/ Pengurangan/ Translation 31 Desember/
January 1 Additions Disposals adjustment December 31
Perangkat lunak Computer software
Biaya perolehan 1.035.576 105.502 (7.435 ) (414 ) 1.133.229 At cost
Akumulasi amortisasi (848.533 ) (77.468) 7.584 385 (918.032 ) Accumulated amortization
Nilai buku neto 187.043 215.197 Net book value
Penambahan aset tidak berwujud Bank pada Additions and deductions of the Bank’s
tanggal 31 Desember 2023 dan 2022 terutama intangible assets as of December 31, 2023 and
terdiri dari perangkat lunak dan lisensi yang 2022, mainly consists of software and licenses
digunakan untuk aktivitas operasional Bank used for the Bank and subsidiaries operational
dan entitas anak. activities.
b. Goodwill b. Goodwill
Goodwill timbul dari akumulasi pembelian Goodwill arose from the accumulated purchase
50,03% dari jumlah saham yang dikeluarkan of 50.03% of the issued shares of the subsidiary
oleh entitas anak PT Wahana Ottomitra PT Wahana Ottomitra Multiartha Tbk (WOM)
Multiartha Tbk (WOM) (Catatan 1b). (Note 1b).
Sebelum tanggal 1 Januari 2011, goodwill yang Before January 1, 2011, goodwill from the
timbul dari akuisisi WOM sebesar Rp235.067 acquisition of WOM amounted to Rp235,067
diamortisasi menggunakan metode garis lurus, was amortized using straight line method, with
dengan pertimbangan atas estimasi manfaat consideration of the estimated economic value
ekonomis atas goodwill tersebut. Efektif tanggal of the goodwill. Starting January 1, 2011,
1 Januari 2011, sesuai PSAK 22 (Revisi 2009): according to SFAS 22 (Revision 2009):
Kombinasi Bisnis, goodwill tidak diamortisasi Business Combination, goodwill was not
tetapi diuji penurunan nilai setiap tahunnya. amortized anymore, but subject to impairment
Bank secara berkala melakukan evaluasi assessment annually. Bank periodically
terhadap penurunan nilai goodwill tersebut evaluates the goodwill impairment based on
sesuai PSAK 48: Penurunan Nilai Aset. SFAS 48: Impairment of Assets.
Goodwill sejumlah Rp7.128 merupakan hasil Goodwill amounting to Rp7,128 resulted from
bersih akumulasi amortisasi goodwill yang telah the net accumulated amortization of goodwill
dihentikan per tanggal 1 Januari 2011 sesuai which has been ceased as of January 1, 2011
dengan Ketentuan Transisi PSAK 22: Kombinasi in accordance to the Transition Rule SFAS 22:
Bisnis. Business Combinations.
Manajemen berpendapat tidak terdapat indikasi Management believes that there were no
penurunan nilai atas aset tidak berwujud yang indications of impairment in the value of
dimiliki Bank. intangible assets which are owned by the Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 148
Page 781
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
17. BEBAN DIBAYAR DIMUKA DAN ASET LAIN- 17. PREPAYMENTS AND OTHER ASSETS
LAIN
31 Desember/December 31
2023 2022
Tagihan lainnya - neto 1.037.142 1.071.435 Other receivables - net
Piutang bunga - neto 1.001.571 985.860 Interest receivables - net
Agunan yang diambil alih - neto 764.941 780.267 Foreclosed assets - net
Uang muka untuk renovasi Advances for building renovations
dan perbaikan gedung 260.880 193.014 and repairs
Beban ditangguhkan kredit 256.823 245.270 Deferred expense on loans
Uang muka pembelian Advance payment for purchasing
software komputer 136.532 116.048 computer software
Beban dibayar di muka 128.326 100.037 Prepayments
Setoran jaminan 93.808 75.682 Guarantee deposits
Beban ditangguhkan simpanan nasabah 65.774 74.331 Deferred expense on customer deposits
Properti terbengkalai - neto 25.930 21.553 Abandoned properties - net
Tagihan card center dan Mastercard 15.442 15.241 Card center receivables and Mastercard
Keanggotaan golf 14.646 14.880 Golf membership
Bea materai 13.163 13.301 Custom fees
Lain-lain - neto 67.921 82.959 Others - net
3.882.899 3.789.878
Pada tanggal 31 Desember 2023 dan 2022, beban As of December 31, 2023 and 2022, prepayments
dibayar dimuka dan aset lain-lain dengan pihak and other assets with related parties which is
berelasi yang berasal dari tagihan lainnya - neto derived from other receivables - net is amounted to
adalah masing-masing sebesar Rp28.658 dan Rp28,658 and Rp34,080, respectively (Note 44).
Rp34.080 (Catatan 44).
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Tagihan lainnya - neto termasuk pembayaran atas Other receivables - net including payment of tax
pemeriksaan pajak yang masih dalam proses audit which are still in objection or appeal processes
keberatan atau banding (Catatan 24). (Note 24).
Agunan yang diambil alih terutama terdiri dari tanah, Foreclosed assets are mainly comprised of land,
bangunan dan kendaraan bermotor. building and motor vehicle.
Beban dibayar di muka terutama terdiri dari pajak Prepayments are mainly comprised of prepaid tax,
dibayar dimuka, pemeliharaan aset tetap dan fixed assets maintenances and software
pemeliharaan perangkat lunak. maintenances.
149 PT Bank Maybank Indonesia Tbk 2023 Annual Report 779
Page 782
780
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
17. BEBAN DIBAYAR DIMUKA DAN ASET LAIN- 17. PREPAYMENTS AND OTHER ASSETS
LAIN (lanjutan) (continued)
Properti terbengkalai - neto adalah aset tetap yang Abandoned properties - net are fixed assets held by
dimiliki Bank tetapi tidak digunakan untuk kegiatan the Bank but not used for its customary banking
usaha bank yang lazim. business.
Cadangan kerugian untuk properti terbengkalai untuk Allowance for possible losses on abandoned
tahun yang berakhir pada tanggal 31 Desember 2023 properties for the years ended December 31, 2023
dan 2022 masing-masing adalah sebesar Rp1.968. and 2022 amounted to Rp1,968.
Lain-lain - neto terutama terdiri dari tagihan transaksi Others - net are mainly comprised of receivables in
perbankan. relation to banking transactions.
Perubahan cadangan kerugian untuk agunan yang The changes in the allowance for possible losses on
diambil alih adalah sebagai berikut: foreclosed assets are as follows:
31 Desember/December 31
2023 2022
Saldo awal 137.483 128.571 Beginning balance
Penyisihan selama tahun Provision during the
berjalan (Catatan 39) 52.346 32.005 year (Note 39)
Penghapusan selama tahun berjalan (24.535) (23.093) Write-off during the year
Saldo akhir 165.294 137.483 Ending balance
Perubahan cadangan kerugian penurunan nilai The changes in the allowance for impairment losses
untuk tagihan lainnya adalah sebagai berikut: on other receivables were as follows:
31 Desember/December 31
2023 2022
Saldo awal 73.525 28.051 Beginning balance
Penyisihan selama Provision during
tahun berjalan (Catatan 38) 12.040 45.606 the year (Note 38)
Penghapusan selama tahun berjalan (206) (1.956) Write-off during the year
Selisih akibat perbedaan kurs (244) 1.824 Exchange rate differences
Saldo akhir 85.115 73.525 Ending balance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian dan cadangan kerugian penurunan nilai telah possible losses and the allowance for impairment
memadai. losses are adequate.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 150
Page 783
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
18. LIABILITAS SEGERA 18. OBLIGATIONS DUE IMMEDIATELY
31 Desember/December 31
2023 2022
Rupiah Rupiah
Liabilitas pembelian aset tetap dan Liabilities related to purchase of fixed
perangkat lunak 268.411 173.801 assets and software
Pemindahbukuan transaksi ATM 170.153 158.810 Transfer for ATM transactions
Utang dealer 138.158 155.141 Payables to dealers
Titipan asuransi konsumen 96.498 110.157 Insurance advances from customers
Liabilitas terkait kredit yang diberikan 84.445 75.242 Liabilities related to loan
Liabilitas penyelesaian transaksi Settlement liabilities for credit card
kartu kredit dan travel cheque 73.231 58.248 and travel cheque transactions
Liabilitas terkait simpanan nasabah 46.565 57.845 Liabilities related to customers' deposits
Utang notaris dan pihak ketiga 16.147 21.030 Payables to notary and third parties
Titipan konsumen 13.410 12.991 Consumer advances
Liabilitas penyelesaian transaksi ATM 8.025 6.409 Settlement liabilities for ATM transactions
Liabilitas terkait transaksi syariah 7.331 6.433 Liabilities related to sharia transactions
Liabilitas premi asuransi Liabilities related to customers'
nasabah 3.010 4.946 insurance premium
Liabilitas terkait Letter of Credit 26 25 Liabilities related to Letter of Credit
Liabilitas perbankan lainnya 97.620 270.363 Other banking liabilities
Sub-jumlah - Rupiah 1.023.030 1.111.441 Sub-total - Rupiah
Mata uang asing Foreign currencies
Liabilitas pembelian aset tetap dan Liabilities related to purchase of fixed
perangkat lunak 25.786 22.940 assets and software
Liabilitas terkait Letter of Credit 13.884 14.034 Liabilities related to Letter of Credit
Liabilitas terkait simpanan nasabah 5.009 3.508 Liabilities related to customers' deposits
Liabilitas terkait kredit yang diberikan 1.808 6.702 Liabilities related to loan
Liabilitas penyelesaian transaksi Settlement liabilities for credit card
kartu kredit dan travel cheque 571 578 and travel cheque transactions
Liabilitas premi asuransi Liabilities of customers'
nasabah 20 59 insurance premium
Liabilitas terkait transaksi syariah - 845 Liabilities related to sharia transactions
Liabilitas perbankan lainnya 6.490 3.342 Other banking liabilities
Sub-jumlah - Mata uang asing 53.568 52.008 Sub-total - Foreign currencies
Jumlah 1.076.598 1.163.449 Total
Pada tanggal 31 Desember 2023 dan 2022 terdapat As of December 31, 2023 and 2022, there were
transaksi dengan pihak berelasi masing-masing transactions with related parties amounted to
adalah sebesar Rp1.775 dan Rp6.395 (Catatan 44). Rp1,775 and Rp6,395, respectively (Note 44).
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Liabiltas pembelian aset tetap dan perangkat lunak Liabilities related to purchase of assets and
merupakan kewajiban sehubungan dengan software consist of liabilities related with the
pengadaan aktiva tetap dan software. procurement of fixed assets and software.
Pemindahbukuan transaksi ATM terutama terdiri Transfer for ATM transaction mainly consist of
dari kewajiban sehubungan dengan adanya liabilities related to withdrawal and transfer
transaksi penarikan tunai dan pemindahbukuan transactions done by customers using other Bank's
yang dilakukan oleh nasabah Bank menggunakan ATM machine and ATM Bersama (including ATM
mesin ATM milik bank lain dan ATM Bersama Prima and ATM Xlink).
(termasuk ATM Prima dan ATM Xlink).
151 PT Bank Maybank Indonesia Tbk 2023 Annual Report 781
Page 784
782
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
18. LIABILITAS SEGERA (lanjutan) 18. OBLIGATIONS DUE IMMEDIATELY (continued)
Utang dealer merupakan utang sehubungan dengan Payables to dealers are in connection with
transaksi pembelian kendaraan bermotor oleh purchases of vehicles by the subsidiaries for
entitas anak untuk pembiayaan konsumen. consumer financing.
Titipan asuransi konsumen merupakan titipan premi Insurance advances from customers represent
asuransi dari konsumen entitas anak untuk insurance premium received from subsidiaries’
dibayarkan ke perusahaan asuransi sehubungan customers to be paid to insurance companies in
dengan transaksi pembiayaan konsumen. relation to consumer financing transactions.
Liabilitas terkait kredit yang diberikan merupakan Liabilities related to loan consist of other transaction
transaksi lainnya yang terkait dengan kewajiban related to obligation of loan (including insurance
pada bagian kredit (termasuk premi asuransi yang premium paid by debtors that have not been
dibayar oleh debitur yang belum disetor pada deposited to the insurance company).
perusahaan asuransi).
Liabilitas penyelesaian transaksi kartu kredit dan Settlement liabilities for credit card and travel
travel cheque terutama terdiri dari liabilitas kepada cheque transactions mainly consist of payables to
merchant kartu kredit yang belum diselesaikan dan credit card merchants and outstanding travel
travel cheque yang masih beredar. cheques.
Liabilitas terkait simpanan nasabah merupakan Liabilities related to customers' deposits are related
transaksi yang terkait dengan kewajiban to liabilities on the savings and time of deposits.
sehubungan dengan Tabungan dan Deposito.
Utang notaris dan pihak ketiga merupakan transaksi Payables to notary and third parties are related to
yang terkait dengan pemakaian jasa notaris dan the use of notary services and procurement of goods
pengadaan barang atau jasa. or services.
Titipan konsumen merupakan utang yang timbul Consumers’ advances represent payables in
sehubungan dengan penerimaan angsuran dari connection with the installment payment from
konsumen dan penerimaan penjualan agunan yang customers and cash received from sales of
diambil alih yang belum diselesaikan. foreclosed assets that have not been settled.
Liabilitas penyelesaian transaksi ATM terutama Statement liabilities for ATM transaction mainly
terdiri dari kewajiban pada bank lain terkait dengan consist of liabilities to other Banks related to card
penyelesaian transaksi kartu menggunakan mesin transactions settlement using EDC machine through
EDC melalui jaringan Prima dan ALTO. Prima and ALTO network.
Liabiltas terkait transaksi syariah merupakan Liabilities related to sharia transactions are related
transaksi yang terkait dengan pembiayaan syariah to sharia financing transactions and payment of
dan pembayaran dana sosial atau denda oleh social funds or fines by customers (Ta’Widh).
nasabah (Ta’Widh).
Liabilitas premi asuransi nasabah merupakan Liabilities of customers' insurance premium are in
transaksi sehubungan dengan pembayaran premi connection with the payment of customers'
asuransi oleh nasabah. insurance.
Liabilitas terkait Letter of Credit merupakan Liabilities related to Letter of Credit are in connection
transaksi yang terkait dengan kewajiban produk with liabilities to Letter of Credit product.
Letter of Credit.
Liabilitas perbankan lainnya terutama terdiri dari Other banking liabilities mainly consist of
transaksi yang masih dalam proses dan liabilitas transactions, which are still in process and other
segera lainnya. obligations due immediately.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 152
Page 785
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. SIMPANAN NASABAH 19. DEPOSITS FROM CUSTOMERS
31 Desember/December 31
2023 2022
Pihak berelasi (Catatan 44) Related parties (Note 44)
Giro 242.713 242.399 Demand deposits
Tabungan 41.843 33.445 Savings deposits
Deposito berjangka 123.003 172.502 Time deposits
407.559 448.346
Pihak ketiga Third parties
Giro 35.510.420 32.190.159 Demand deposits
Tabungan 23.201.387 21.879.902 Savings deposits
Deposito berjangka 56.383.142 51.187.895 Time deposits
115.094.949 105.257.956
115.502.508 105.706.302
Informasi mengenai transaksi dengan pihak berelasi Information on related parties and maturities are
dan jatuh tempo diungkapkan masing-masing pada disclosed in Notes 44 and 54, respectively.
Catatan 44 dan 54.
a. Giro a. Demand deposits
31 Desember/December 31
2023 2022
Pihak berelasi Related parties
Rupiah 214.521 159.796 Rupiah
Mata uang asing 28.192 82.603 Foreign currencies
242.713 242.399
Pihak ketiga Third parties
Rupiah 21.396.423 20.877.203 Rupiah
Mata uang asing 14.113.997 11.312.956 Foreign currencies
35.510.420 32.190.159
35.753.133 32.432.558
Tingkat bunga rata-rata per tahun: Average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 2,83% 2,19% Rupiah
Mata uang asing 1,65% 0,71% Foreign currencies
Saldo giro yang diblokir atau dijadikan jaminan Total demand deposits which are blocked or
kredit pada 31 Desember 2023 adalah sebesar under lien as of December 31, 2023 amounted
Rp1.063.422 (31 Desember 2022: Rp687.534). to Rp1,063,422 (December 31, 2022:
Rp687,534).
153 PT Bank Maybank Indonesia Tbk 2023 Annual Report 783
Page 786
784
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
a. Giro (lanjutan) a. Demand deposits (continued)
Pada 31 Desember 2023, jumlah giro Wadiah As of December 31, 2023, total Wadiah demand
yang dikelola oleh unit Syariah Bank untuk deposits managed by the Bank’s Sharia unit in
Rupiah dan mata uang asing masing-masing Rupiah and foreign currencies amounted to
sebesar Rp756.959 dan Rp12.928 Rp756,959 and Rp12,928 (December 31, 2022:
(31 Desember 2022: Rp397.980 dan Rp2.347) Rp397,980 and Rp2,347) and for Mudharabah
dan giro Mudharabah masing-masing sebesar demand deposit amounted to Rp4,249,051 and
Rp4.249.051 dan Rp3.561.244 (31 Desember Rp3,561,244 (December 31, 2022:
2022: Rp3.380.778 dan Rp2.610.659). Rp3,380,778 and Rp2,610,659), respectively.
b. Tabungan b. Savings deposits
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2023 2022
Pihak berelasi Related parties
Rupiah 37.323 30.671 Rupiah
Mata uang asing 4.520 2.774 Foreign currencies
41.843 33.445
Pihak ketiga Third parties
Rupiah 20.022.092 18.337.844 Rupiah
Mata uang asing 3.179.295 3.542.058 Foreign currencies
23.201.387 21.879.902
23.243.230 21.913.347
(ii) Berdasarkan jenis: (ii) By type:
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pendidikan 389.963 536.638 Education
Syariah 9.005.858 7.035.870 Sharia
Lain-lain 10.663.594 10.796.007 Others
20.059.415 18.368.515
Mata uang asing Foreign currencies
Pendidikan 5.526 32.757 Education
Syariah 467.416 536.224 Sharia
Lain-lain 2.710.873 2.975.851 Others
3.183.815 3.544.832
23.243.230 21.913.347
PT Bank Maybank Indonesia Tbk 2023 Annual Report 154
Page 787
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
b. Tabungan (lanjutan) b. Savings deposits (continued)
(iii) Tingkat bunga rata-rata per tahun: (iii) Average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 1,10% 1,16% Rupiah
Mata uang asing 0,32% 0,28% Foreign currencies
Saldo tabungan yang diblokir atau dijadikan Total savings deposits which are blocked or
jaminan kredit pada 31 Desember 2023 adalah under lien as of December 31, 2023 amounted
sebesar Rp1.640 (31 Desember 2022: to Rp1,640 (December 31, 2022: Rp2,200).
Rp2.200).
Pada 31 Desember 2023, jumlah tabungan As of December 31, 2023, total Mudharabah
Mudharabah yang dikelola oleh unit Syariah Bank savings deposits managed by the Bank’s Sharia
untuk Rupiah dan mata uang asing masing- unit in Rupiah and foreign currencies amounted
masing sebesar Rp8.890.186 dan Rp463.042 (31 to Rp8,890,186 and Rp463,042 (December 31,
Desember 2022: Rp6.929.397 dan Rp534.581) 2022: Rp6,929,397 and Rp534,581) and for
dan tabungan Wadiah masing-masing sebesar Wadiah savings deposit amounted to Rp115,672
Rp115.672 dan Rp4.374 (31 Desember 2022: and Rp4,374 (December 31, 2022: Rp106,473
Rp106.473 dan Rp1.643). and Rp1,643), respectively.
c. Deposito berjangka c. Time deposits
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2023 2022
Pihak berelasi Related parties
Rupiah 111.815 164.797 Rupiah
Mata uang asing 11.188 7.705 Foreign currencies
123.003 172.502
Pihak ketiga Third parties
Rupiah 46.353.191 43.573.678 Rupiah
Mata uang asing 10.029.951 7.614.217 Foreign currencies
56.383.142 51.187.895
56.506.145 51.360.397
(ii) Berdasarkan periode deposito berjangka: (ii) Based on period of time deposits:
31 Desember/December 31
2023 2022
Rupiah Rupiah
≤ 1 bulan 19.038.527 23.982.908 ≤ 1 month
> 1 bulan - 3 bulan 14.921.565 12.250.904 > 1 month - 3 months
> 3 bulan - 6 bulan 6.495.077 4.533.950 > 3 months - 6 months
> 6 bulan - 12 bulan 5.996.666 2.961.040 > 6 months - 12 months
> 12 bulan 13.171 9.673 > 12 months
46.465.006 43.738.475
155 PT Bank Maybank Indonesia Tbk 2023 Annual Report 785
Page 788
786
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
c. Deposito berjangka (lanjutan) c. Time deposits (continued)
(ii) Berdasarkan periode deposito berjangka: (ii) Based on period of time deposits:
(lanjutan) (continued)
Mata uang asing Foreign currencies
≤ 1 bulan 5.650.824 3.824.040 ≤ 1 month
> 1 bulan - 3 bulan 2.386.170 2.202.962 > 1 month - 3 months
> 3 bulan - 6 bulan 969.164 822.515 > 3 months - 6 months
> 6 bulan - 12 bulan 1.025.208 770.677 > 6 months - 12 months
> 12 bulan 9.773 1.728 > 12 months
10.041.139 7.621.922
56.506.145 51.360.397
(iii) Berdasarkan sisa umur sampai dengan (iii) Based on remaining period until maturity:
saat jatuh tempo:
31 Desember/December 31
2023 2022
Rupiah Rupiah
≤ 1 bulan 23.352.529 27.426.543 ≤ 1 month
> 1 bulan - 3 bulan 14.073.788 11.558.227 > 1 month - 3 months
> 3 bulan - 6 bulan 5.210.749 3.004.346 > 3 months - 6 months
> 6 bulan - 12 bulan 3.823.548 1.740.579 > 6 months - 12 months
> 12 bulan 4.392 8.780 > 12 months
46.465.006 43.738.475
Mata uang asing Foreign currencies
≤ 1 bulan 6.276.698 4.357.274 ≤ 1 month
> 1 bulan - 3 bulan 2.546.387 2.311.015 > 1 month - 3 months
> 3 bulan - 6 bulan 682.121 555.935 > 3 months - 6 months
> 6 bulan - 12 bulan 526.160 397.698 > 6 months - 12 months
> 12 bulan 9.773 - > 12 months
10.041.139 7.621.922
56.506.145 51.360.397
(iv) Tingkat bunga rata-rata per tahun: (iv) Average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah Rupiah
≤ 1 bulan 3,21% 2,98% ≤ 1 month
> 1 bulan - 3 bulan 4,08% 3,22% > 1 month - 3 months
> 3 bulan - 6 bulan 3,95% 3,06% > 3 months - 6 months
> 6 bulan - 12 bulan 3,86% 2,89% > 6 months - 12 months
> 12 bulan 3,05% 2,94% > 12 months
Mata uang asing Foreign currencies
≤ 1 bulan 0,80% 0,64% ≤ 1 month
> 1 bulan - 3 bulan 0,94% 0,61% > 1 month - 3 months
> 3 bulan - 6 bulan 1,00% 0,42% > 3 months - 6 months
> 6 bulan - 12 bulan 1,57% 0,47% > 6 months - 12 months
> 12 bulan 3,97% 1,00% > 12 months
PT Bank Maybank Indonesia Tbk 2023 Annual Report 156
Page 789
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
c. Deposito berjangka (lanjutan) c. Time deposits (continued)
Saldo deposito berjangka yang diblokir Total time deposits which are blocked or under
atau dijadikan jaminan kredit pada lien as of December 31, 2023 amounted to
31 Desember 2023 adalah sebesar Rp6,419,066 (December 31, 2022:
Rp6.419.066 (31 Desember 2022: Rp5,973,083).
Rp5.973.083).
Pada 31 Desember 2023, jumlah deposito As of December 31, 2023, total Mudharabah
Mudharabah yang dikelola oleh unit Syariah time deposits managed by the Bank’s Sharia
Bank dalam Rupiah dan mata uang asing unit in Rupiah and foreign currencies amounted
adalah masing-masing sebesar Rp15.589.311 to Rp15,589,311 and Rp1,431,273
dan Rp1.431.273 (31 Desember 2022: (December 31, 2022: Rp14,584,411 and
Rp14.584.411 dan Rp1.494.429). Rp1,494,429), respectively.
20. SIMPANAN DARI BANK LAIN 20. DEPOSITS FROM OTHER BANKS
31 Desember/December 31
2023 2022
Pihak berelasi (Catatan 44) Related parties (Note 44)
Giro 1.439.158 1.021.657 Demand deposits
Pihak ketiga Third parties
Giro 967.558 1.098.794 Demand deposits
Tabungan 7.517 12.679 Savings deposits
Deposito berjangka 926.281 1.032.563 Time deposits
Call money 1.442.382 - Call money
3.343.738 2.144.036
4.782.896 3.165.693
Informasi mengenai transaksi dengan pihak Information on related parties and maturities are
berelasi dan jatuh tempo diungkapkan masing- disclosed in Notes 44 and 54, respectively.
masing pada Catatan 44 dan 54.
a. Giro dari bank lain a. Demand deposits from other banks
31 Desember/December 31
2023 2022
Pihak berelasi Related parties
Rupiah 490.105 528.960 Rupiah
Mata uang asing 949.053 492.697 Foreign currencies
1.439.158 1.021.657
Pihak ketiga Third parties
Rupiah 886.021 984.384 Rupiah
Mata uang asing 81.537 114.410 Foreign currencies
967.558 1.098.794
2.406.716 2.120.451
157 PT Bank Maybank Indonesia Tbk 2023 Annual Report 787
Page 790
788
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
a. Giro dari bank lain (lanjutan) a. Demand deposits from other banks
(continued)
Pada tanggal 31 Desember 2023, jumlah giro As of December 31, 2023, total Wadiah
Wadiah yang dikelola oleh unit Syariah Bank demand deposits managed by the Bank’s
untuk Rupiah dan mata uang asing masing- Sharia unit in Rupiah and foreign currencies
masing sebesar Rp302 dan RpNihil amounted to Rp302 and RpNil (December 31,
(31 Desember 2022: Rp8.990 dan RpNihil) dan 2022: Rp8,990 and RpNil) and for Mudharabah
giro Mudharabah untuk Rupiah dan demand deposit in Rupiah and foreign
mata asing adalah Rp324 dan currencies amounted to Rp324 and Rp16,975
Rp16.975 (31 Desember 2022: Rp3.956 dan (December 31, 2022: Rp3,956 and Rp8,319),
Rp8.319). respectively.
Tingkat bunga rata-rata per tahun: Average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 1,44% 1,55% Rupiah
Mata uang asing 0,49% 0,25% Foreign currencies
Tidak ada saldo giro dari bank lain yang There were no demand deposits from other
diblokir atau dijadikan jaminan kredit pada banks which were blocked or held under lien as
31 Desember 2023 dan 2022. of December 31, 2023 and 2022.
b. Tabungan dari bank lain b. Saving deposits from other banks
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
Rupiah 7.517 12.679 Rupiah
(ii) Berdasarkan jenis: (ii) By type:
31 Desember/December 31
2023 2022
Rupiah Rupiah
Lainnya 7.517 12.679 Others
(iii) Tingkat bunga rata-rata per tahun: (iii) Average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah 2,84% 2,90% Rupiah
PT Bank Maybank Indonesia Tbk 2023 Annual Report 158
Page 791
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
c. Deposito berjangka dari bank lain c. Time deposits from other banks
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
Rupiah 242.908 250.695 Rupiah
Mata uang asing 683.373 781.868 Foreign currencies
Total 926.281 1.032.563 Total
(ii) Berdasarkan periode deposito berjangka: (ii) Based on period of time deposits:
31 Desember/December 31
2023 2022
Rupiah Rupiah
≤ 1 bulan 14.125 15.273 ≤ 1 month
> 1 bulan - 3 bulan 131.150 151.150 > 1 month - 3 months
> 3 bulan - 6 bulan 2.500 2.500 > 3 months - 6 months
> 6 bulan - 12 bulan 95.133 81.772 > 6 months - 12 months
242.908 250.695
Mata uang asing Foreign currencies
≤ 1 bulan 1.511 - ≤ 1 month
> 1 bulan - 3 bulan 109.542 181.177 > 1 month - 3 months
> 6 bulan - 12 bulan 572.320 600.691 > 6 months - 12 months
683.373 781.868
926.281 1.032.563
(iii) Berdasarkan sisa umur sampai dengan (iii) Based on the remaining period until maturity:
saat jatuh tempo:
31 Desember/December 31
2023 2022
Rupiah Rupiah
≤ 1 bulan 29.125 75.273 ≤ 1 month
> 1 bulan - 3 bulan 141.977 117.115 > 1 month - 3 months
> 3 bulan - 6 bulan 15.640 15.572 > 3 months - 6 months
> 6 bulan - 12 bulan 56.166 42.735 > 6 months - 12 months
242.908 250.695
Mata uang asing Foreign currencies
≤ 1 bulan 1.511 - ≤ 1 month
> 1 bulan - 3 bulan 109.542 181.177 > 1 month - 3 months
> 6 bulan - 12 bulan 572.320 600.691 > 6 months - 12 months
683.373 781.868
926.281 1.032.563
159 PT Bank Maybank Indonesia Tbk 2023 Annual Report 789
Page 792
790
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
c. Deposito berjangka dari bank lain (lanjutan) c. Time deposits from other banks (continued)
(iv) Tingkat bunga rata-rata per tahun: (iv) Average interest rates per annum:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Rupiah Rupiah
≤ 1 bulan 3,15% 2,54% ≤ 1 month
> 1 bulan - 3 bulan 3,81% 2,96% > 1 month - 3 months
> 3 bulan - 6 bulan 4,00% 2,75% > 3 months - 6 months
> 6 bulan - 12 bulan 2,92% 2,61% > 6 months - 12 months
Mata uang asing Foreign currencies
≤ 1 bulan 0,00% - ≤ 1 month
> 1 bulan - 3 bulan 0,10% 0,10% > 1 month - 3 months
> 6 bulan - 12 bulan 3,35% 0,10% > 6 months - 12 months
Tidak ada saldo deposito berjangka dari bank There were no time deposits from other
lain yang diblokir atau dijadikan jaminan kredit banks which are blocked or under lien as of
pada 31 Desember 2023 dan 2022. December 31, 2023 and 2022.
Pada 31 Desember 2023 dan 2022, jumlah As of December 31, 2023 and 2022, total
deposito Mudharabah yang dikelola oleh unit Mudharabah time deposits managed by the
Syariah Bank mempunyai nilai masing-masing Bank’s Sharia unit amounted to Rp58,224 and
sebesar Rp58.224 dan Rp52.886. Rp52,886, respectively.
d. Call money d. Call money
(i) Berdasarkan mata uang dan pihak berelasi: (i) Based on currency and related party:
31 Desember/
December 31, 2023
Pihak Ketiga Third Parties
Rupiah Rupiah
PT Bank Mizuho Indonesia 650.000 PT Bank Mizuho Indonesia
PT BPD Kalimantan Timur 300.000 PT BPD Kalimantan Timur
PT Bank BPD Bali 300.000 PT Bank BPD Bali
PT Bank DBS Indonesia 100.000 PT Bank DBS Indonesia
1.350.000
Mata uang asing Foreign currencies
PT Bank Ganesha Tbk 92.382 PT Bank Ganesha Tbk
1.442.382
PT Bank Maybank Indonesia Tbk 2023 Annual Report 160
Page 793
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
d. Call money (lanjutan) d. Call money (continued)
(ii) Berdasarkan periode call money: (ii) By period of call money:
31 Desember/
December 31, 2023
Rupiah Rupiah
≤ 1 bulan 1.350.000 ≤ 1 month
Mata uang asing Foreign currencies
≤ 1 bulan 92.382 ≤ 1 month
1.442.382
(iii) Berdasarkan sisa umur sampai dengan (iii) Based on remaining period until maturity:
saat jatuh tempo:
31 Desember/
December 31, 2023
Rupiah Rupiah
≤ 1 bulan 1.350.000 ≤ 1 month
Mata uang asing Foreign currencies
≤ 1 bulan 92.382 ≤ 1 month
1.442.382
(iv) Tingkat bunga rata-rata per tahun: (iv) Average interest rate per annum:
Tahun yang Berakhir
pada tanggal
31 Desember/
December 31, 2023
Rupiah Rupiah
≤ 1 bulan 6,16% ≤ 1 month
Mata uang asing Foreign currencies
≤ 1 bulan 6,66% ≤ 1 month
161 PT Bank Maybank Indonesia Tbk 2023 Annual Report 791
Page 794
792
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
21. EFEK-EFEK YANG DIJUAL DENGAN JANJI 21. SECURITIES SOLD UNDER REPURCHASED
DIBELI KEMBALI AGREEMENTS
31 Desember/December 31, 2023
Nilai Beban bunga
Suku bunga pembelian yang belum
Nilai nominal/ Tanggal Tanggal per tahun/ Nilai jual/ kembali/ diamortisasi/ Nilai tercatat/
Nasabah/ Jenis efek-efek/ Nominal dimulai/ jatuh tempo/ Interest rate Sale Purchase Unamortized Carrying
Counterparty Type of securities amount Starting date Due date per annum amount amount interest value
Pihak ketiga/
Third parties
Rupiah/Rupiah
PT Bank Central Obligasi Pemerintah FR100/ 6 Desember/ 8 Januari/
Asia Tbk Government Bonds FR100 500.000 December 6, 2023 January 8, 2024 6,60% 473.297 476.160 (781) 475.379
PT Bank Obligasi Pemerintah FR90/ 21 Desember/ 4 Januari/
Nationalnobu Tbk Government Bonds FR90 200.000 December 21, 2023 January 4, 2024 6,55% 184.421 184.891 (168) 184.723
PT Bank BNP
Paribas Obligasi Pemerintah FR90/ 22 Desember/ 22 Maret/
Indonesia Government Bonds FR90 400.000 December 22, 2023 March 22, 2024 6,35% 346.015 351.569 (5.066) 346.503
Sekuritas Rupiah Bank Indonesia/ 22 Desember/ 5 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 750.000 December 22, 2023 January 5, 2024 6,70% 716.110 717.976 (800) 717.176
Obligasi Pemerintah FR59/ 22 Desember/ 5 Januari/
Bank Indonesia Government Bonds FR59 250.000 December 22, 2023 January 5, 2024 6,70% 242.921 243.554 (271) 243.283
Sub-jumlah/Sub-total - Rupiah 2.100.000 1.962.764 1.974.150 (7.086) 1.967.064
Mata uang asing/
Foreign currencies
Clearing Corporation Surat Berharga Negara/ 29 Desember/ 1 Januari/
of India Limited Sovereign Securities 49.999 December 29, 2023 January 1, 2024 6,77% 49.999 49.999 - 49.999
Jumlah/Total 2.149.999 2.012.763 2.024.149 (7.086) 2.017.063
31 Desember/December 31, 2022
Nilai Beban bunga
Suku bunga pembelian yang belum
Nilai nominal/ Tanggal Tanggal per tahun/ Nilai jual/ kembali/ diamortisasi/ Nilai tercatat/
Nasabah/ Jenis efek-efek/ Nominal dimulai/ jatuh tempo/ Interest rate Sale Purchase Unamortized Carrying
Counterparty Type of securities amount Starting date Due date per annum amount amount interest value
Pihak ketiga/
Third parties
Mata uang asing/
Foreign currencies
Clearing Corporation Surat Berharga Negara/ 30 Desember/ 2 Januari/
of India Limited Sovereign Securities 49.794 December 30, 2022 January 2, 2023 6,52% 47.002 47.028 (9) 47.019
Clearing Corporation Surat Berharga Negara/ 30 Desember/ 2 Januari/
of India Limited Sovereign Securities 39.835 December 30, 2022 January 2, 2023 6,51% 37.602 37.622 (7) 37.615
Clearing Corporation Surat Berharga Negara/ 30 Desember/ 2 Januari/
of India Limited Sovereign Securities 28.880 December 30, 2022 January 2, 2023 6,54% 27.261 27.276 (5) 27.271
Jumlah/Total 118.509 111.865 111.926 (21) 111.905
Pada tanggal 31 Desember 2023 dan 2022 tidak As of December 31, 2023 and 2022, there were no
terdapat transaksi dengan pihak berelasi. transaction with related parties.
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Nilai wajar dari efek yang dijual dengan janji dibeli The fair value of securities sold under repurchased
kembali pada tanggal 31 Desember 2023 dan 2022 agreements as of December 31, 2023 and 2022
adalah masing-masing sebesar Rp2.051.000 dan amounted to Rp2,051,000 and Rp115,211
Rp115.211 yang disajikan di Laporan Posisi respectively, which is presented in the Consolidated
Keuangan Konsolidasian sebagai bagian dari Statements of Financial Position as “Financial
“Investasi Keuangan” (Catatan 9). Investment” (Note 9).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 162
Page 795
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED
a. Berdasarkan mata uang dan pihak berelasi a. By currency and related party
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi MIF 71.424 75.826 Bonds MIF
Obligasi Berkelanjutan Bank Shelf Bonds Bank
Maybank Indonesia 4.985 22.973 Maybank Indonesia
76.409 98.799
Pihak ketiga Third parties
Obligasi Berkelanjutan Bank Shelf Bonds Bank
Maybank Indonesia 1.060.319 2.160.224 Maybank Indonesia
Obligasi MIF 1.549.200 1.642.780 Bonds MIF
Obligasi Berkelanjutan WOM 1.536.253 1.150.615 Shelf Bonds WOM
4.145.772 4.953.619
4.222.181 5.052.418
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Berkelanjutan IV Shelf Bonds IV Bank
Bank Maybank Indonesia Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 5.000 Series B
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (15) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak berelasi Related parties
4.985
163 PT Bank Maybank Indonesia Tbk 2023 Annual Report 793
Page 796
794
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Rating Maturity (in months) per annum Total
Pihak ketiga Third parties
Obligasi Berkelanjutan II Shelf Bonds II
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap I Tahun 2017 Tranche I Year 2017
PT Bank Mandiri 11 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 11, 2024 84 8,50% 300.000 Series B
PT Bank Mandiri 11 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 11, 2027 120 8,65% 100.000 Series C
Obligasi Berkelanjutan III Shelf Bonds III
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap I Tahun 2019 Tranche I Year 2019
PT Bank Mandiri 3 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 3, 2024 60 8,70% 68.000 Series C
Obligasi Berkelanjutan IV Shelf Bonds IV
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 295.000 Series B
PT Bank Mandiri 8 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 8, 2027 60 6,80% 300.000 Series C
Sub-jumlah nominal - Sub-total nominal amount -
Pihak ketiga 1.063.000 Third parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (2.681) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak ketiga 1.060.319 Third parties
Jumlah nilai tercatat 1.065.304 Total carrying amount
*) Pihak ketiga/Third party
PT Bank Maybank Indonesia Tbk 2023 Annual Report 164
Page 797
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
31 Desember/December 31, 2022
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Berkelanjutan II Shelf Bonds II Bank
Bank Maybank Indonesia PT Bank Mandiri 15 Maret/ Maybank Indonesia
Tahap II Tahun 2018 (Persero) Tbk idAAA (Pefindo) March 15, 2023 60 7,15% 18.000 Tranche II Year 2018
Obligasi Berkelanjutan IV Shelf Bonds IV Bank
Bank Maybank Indonesia Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 5.000 Series B
Sub-jumlah nominal - 23.000 Sub-total nominal amount -
Pihak berelasi Related parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (27) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak berelasi 22.973 Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan II Shelf Bonds II
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap I Tahun 2017 Tranche I Year 2017
PT Bank Mandiri 11 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 11, 2024 84 8,50% 300.000 Series B
PT Bank Mandiri 11 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 11, 2027 120 8,65% 100.000 Series C
Obligasi Berkelanjutan II Shelf Bonds II
Bank Maybank Indonesia PT Bank Mandiri 15 Maret/ Bank Maybank Indonesia
Tahap II Tahun 2018 (Persero) Tbk idAAA (Pefindo) March 15, 2023 60 7,15% 627.500 Tranche II Year 2018
Obligasi Berkelanjutan II Shelf Bonds II
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap III Tahun 2018 Tranche III Year 2018
PT Bank Mandiri 26 Oktober/
Seri C (Persero) Tbk idAAA (Pefindo) October 26, 2023 60 8,80% 75.000 Series C
Obligasi Berkelanjutan III Shelf Bonds III
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap I Tahun 2019 Tranche I Year 2019
PT Bank Mandiri 3 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 3, 2024 60 8,70% 68.000 Series C
Obligasi Berkelanjutan IV Shelf Bonds IV
Bank Maybank Indonesia Bank Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 18 Juli/
Seri A (Persero) Tbk idAAA (Pefindo) July 18, 2023 370 hari/days 3,80% 400.000 Series A
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 295.000 Series B
PT Bank Mandiri 8 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 8, 2027 60 6,80% 300.000 Series C
Sub-jumlah nominal - 2.165.500 Sub-total nominal amount -
Pihak ketiga Third parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (5.276) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak ketiga 2.160.224 Third parties
Jumlah nilai tercatat 2.183.197 Total carrying amount
*) Pihak ketiga/Third partiy
165 PT Bank Maybank Indonesia Tbk 2023 Annual Report 795
Page 798
796
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan II Bank Maybank Shelf Bonds II Bank Maybank Indonesia
Indonesia Tahap I Tahun 2017 Tranche I Year 2017
Pada tanggal 11 Juli 2017, Bank menerbitkan On July 11, 2017, the Bank issued Shelf Bonds
Obligasi Berkelanjutan II Bank Maybank II Bank Maybank Indonesia Tranche I Year
Indonesia Tahap I Tahun 2017. Obligasi tersebut 2017. The bonds consisted of 3 (three) series,
terdiri dari 3 (tiga) seri, yaitu Obligasi Shelf Bonds II Bank Maybank Indonesia
Berkelanjutan II Bank Maybank Indonesia Tahap Tranche I Year 2017 Series A, Series B and
I Tahun 2017 Seri A, Seri B dan Seri C. Obligasi Series C. Shelf Bonds II Bank Maybank
Berkelanjutan II Bank Maybank Indonesia Tahap Indonesia Tranche I Year 2017 Series A
I Tahun 2017 Seri A diterbitkan sebesar amounting to Rp435,000 bears fixed interest
Rp435.000 dengan tingkat bunga tetap sebesar rate at 8.00% per annum, with 5 (five) years
8,00% per tahun, berjangka waktu 5 (lima) tahun tenor since Issuance Date, Shelf Bonds II
sejak Tanggal Emisi, Obligasi Berkelanjutan II Bank Maybank Indonesia Tranche I Year 2017
Bank Maybank Indonesia Tahap I Tahun 2017 Series B amounting to Rp300,000 bears fixed
Seri B diterbitkan sebesar Rp300.000 dengan interest rate at 8.50% per annum, with 7 (seven)
tingkat bunga tetap sebesar 8,50% per tahun, years tenor since Issuance Date, and Shelf
berjangka waktu 7 (tujuh) tahun sejak Tanggal Bonds II Bank Maybank Indonesia Tranche I
Emisi, dan Obligasi Berkelanjutan II Bank Year 2017 Series C amounting to Rp100,000
Maybank Indonesia Tahap I Tahun 2017 bears fixed interest rate at 8.65% per annum,
Seri C diterbitkan sebesar Rp100.000 dengan with 10 (ten) years tenor since Issuance Date.
tingkat bunga tetap sebesar 8,65% per tahun,
berjangka waktu 10 (sepuluh) tahun sejak
Tanggal Emisi.
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran bunga on interest payment date of the bonds. The first
obligasi. Tanggal pembayaran bunga obligasi interest payment of the bonds has been made
pertama telah dilakukan pada tanggal on October 11, 2017. The last interest payment
11 Oktober 2017. Tanggal pembayaran bunga and due date of Shelf Bonds II Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche I Year 2017 Series A has
Obligasi Berkelanjutan II Bank Maybank been made on July 11, 2022. The last interest
Indonesia Tahap I Tahun 2017 Seri A telah payment and due date of Shelf Bonds II
dilakukan pada tanggal 11 Juli 2022. Tanggal Bank Maybank Indonesia Tranche I Year 2017
pembayaran bunga obligasi terakhir sekaligus Series B will be made on July 11, 2024. The last
jatuh tempo pokok Obligasi Berkelanjutan II Bank interest payment and due date of Shelf Bonds II
Maybank Indonesia Tahap I Tahun 2017 seri B Bank Maybank Indonesia Tranche I Year 2017
akan dilakukan pada tanggal 11 Juli 2024. Series C will be made on July 11, 2027.
Tanggal pembayaran bunga obligasi terakhir
sekaligus jatuh tempo pokok Obligasi
Berkelanjutan II Bank Maybank Indonesia Tahap
I Tahun 2017 seri C akan dilakukan pada tanggal
11 Juli 2027.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 166
Page 799
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan II Bank Maybank Shelf Bonds II Bank Maybank Indonesia
Indonesia Tahap II Tahun 2018 Tranche II Year 2018
Pada tanggal 15 Maret 2018, Bank menerbitkan On March 15, 2018, the Bank issued Shelf
Obligasi Berkelanjutan II Bank Maybank Bonds II Bank Maybank Indonesia Tranche II
Indonesia Tahap II Tahun 2018. Obligasi Year 2018. Shelf Bonds II Bank Maybank
Berkelanjutan II Bank Maybank Indonesia Tahap Indonesia Tranche II Year 2018 amounting to
II Tahun 2018 diterbitkan sebesar Rp645.500 Rp645,500 bears fixed interest rate at 7.15% per
dengan tingkat bunga tetap sebesar 7,15% per annum, with 5 (five) years tenor since Issuance
tahun, berjangka waktu 5 (lima) tahun sejak Date.
Tanggal Emisi.
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran bunga on interest payment date of the bonds. The first
obligasi. Tanggal pembayaran bunga obligasi interest payment of the bonds has been made
pertama telah dilakukan pada tanggal on June 15, 2018. The last interest payment and
15 Juni 2018. Tanggal pembayaran bunga due date of Shelf Bonds II Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche II Year 2018 has been made
Obligasi Berkelanjutan II Bank Maybank on March 15, 2023.
Indonesia Tahap II Tahun 2018 telah dilakukan
pada tanggal 15 Maret 2023.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
Obligasi Berkelanjutan II Bank Maybank Shelf Bonds II Bank Maybank Indonesia
Indonesia Tahap III Tahun 2018 Tranche III Year 2018
Pada tanggal 26 Oktober 2018, Bank On October 26, 2018, the Bank issued Shelf
menerbitkan Obligasi Berkelanjutan II Bank Bonds II Bank Maybank Indonesia Tranche III
Maybank Indonesia Tahap III Tahun 2018. Year 2018. The bonds consisted of 3 (three)
Obligasi tersebut terdiri dari 3 (tiga) seri, yaitu series, Shelf Bonds II Bank Maybank Indonesia
Obligasi Berkelanjutan II Bank Maybank Tranche III Year 2018 Series A, Series B and
Indonesia Tahap III Tahun 2018 Seri A, Seri B Series C. Shelf Bonds II Bank Maybank
dan Seri C. Obligasi Berkelanjutan II Bank Indonesia Tranche III Year 2018 Series A
Maybank Indonesia Tahap III Tahun 2018 Seri A amounted to Rp235,000 bears fixed interest rate
diterbitkan sebesar Rp235.000 dengan tingkat at 7.80% per annum, with 370 (three hundred
bunga tetap sebesar 7,80% per tahun, berjangka and seventy) days tenor since Issuance Date,
waktu 370 (tiga ratus tujuh puluh) hari sejak Shelf Bonds II Bank Maybank Indonesia
Tanggal Emisi, Obligasi Berkelanjutan II Bank Tranche III Year 2018 Series B amounting to
Maybank Indonesia Tahap III Tahun 2018 Seri B Rp69,000 bears fixed interest rate at 8.60% per
diterbitkan sebesar Rp69.000 dengan tingkat annum, with 3 (three) years tenor since
bunga tetap sebesar 8,60% per tahun, berjangka Issuance Date, and Shelf Bonds II Bank
waktu 3 (tiga) tahun sejak Tanggal Emisi, dan Maybank Indonesia Tranche III Year 2018
Obligasi Berkelanjutan II Bank Maybank Series C amounting to Rp75,000 bears fixed
Indonesia Tahap III Tahun 2018 Seri C interest rate at 8.80% per annum, with 5 (five)
diterbitkan sebesar Rp75.000 dengan tingkat years tenor since Issuance Date.
bunga tetap sebesar 8,80% per tahun, berjangka
waktu 5 (lima) tahun sejak Tanggal Emisi.
167 PT Bank Maybank Indonesia Tbk 2023 Annual Report 797
Page 800
798
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan II Bank Maybank Shelf Bonds II Bank Maybank Indonesia
Indonesia Tahap III Tahun 2018 (lanjutan) Tranche III Year 2018 (continued)
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran on interest payment date of the bonds. The first
bunga obligasi. Tanggal pembayaran bunga interest payment of the bonds has been made
obligasi pertama telah dilakukan pada tanggal on January 26, 2019. The last interest payment
26 Januari 2019. Tanggal pembayaran bunga and due date of Shelf Bonds II Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche III Year 2018 Series A has
Obligasi Berkelanjutan II Bank Maybank been made on November 6, 2019. The last
Indonesia Tahap III Tahun 2018 Seri A telah interest payment and due date of Shelf Bonds II
dilakukan pada tanggal 6 November 2019. Bank Maybank Indonesia Tranche III Year 2018
Tanggal pembayaran bunga obligasi terakhir Series B has been made on October 26, 2021.
sekaligus jatuh tempo pokok Obligasi The last interest payment and due date of Shelf
Berkelanjutan II Bank Maybank Indonesia Bonds II Bank Maybank Indonesia Tranche III
Tahap III Tahun 2018 seri B telah dilakukan Year 2018 Series C has been made on
pada tanggal 26 Oktober 2021. Tanggal October 26, 2023.
pembayaran bunga obligasi terakhir sekaligus
jatuh tempo pokok Obligasi Berkelanjutan II
Bank Maybank Indonesia Tahap III Tahun 2018
seri C telah dilakukan pada tanggal 26 Oktober
2023.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
Obligasi Berkelanjutan III Bank Maybank Shelf Bonds III Bank Maybank Indonesia
Indonesia Tahap I Tahun 2019 Tranche I Year 2019
Pada tanggal 3 Juli 2019, Bank menerbitkan On July 3, 2019, the Bank issued Shelf Bonds III
Obligasi Berkelanjutan III Bank Maybank Bank Maybank Indonesia Tranche I Year 2019.
Indonesia Tahap I Tahun 2019. Obligasi The bonds consisted of 3 (three) series, Shelf
tersebut terdiri dari 3 (tiga) seri, yaitu Obligasi Bonds III Bank Maybank Indonesia Tranche I
Berkelanjutan III Bank Maybank Indonesia Year 2019 Series A, Series B and Series C. Shelf
Tahap I Tahun 2019 Seri A, Seri B dan Seri C. Bonds III Bank Maybank Indonesia Tranche I
Obligasi Berkelanjutan III Bank Maybank Year 2019 Series A amounting to Rp308,000
Indonesia Tahap I Tahun 2019 Seri A bears fixed interest rate at 7.55% per annum,
diterbitkan sebesar Rp308.000 dengan tingkat with 370 (three hundred and seventy) days tenor
bunga tetap sebesar 7,55% per tahun, since Issuance Date, Shelf Bonds III Bank
berjangka waktu 370 (tiga ratus tujuh puluh) hari Maybank Indonesia Tranche I Year 2019 Series
sejak Tanggal Emisi, Obligasi Berkelanjutan III B amounting to Rp624,000 bears fixed interest
Bank Maybank Indonesia Tahap I Tahun 2019 rate at 8.50% per annum, with 3 (three) years
Seri B diterbitkan sebesar Rp624.000 dengan tenor since Issuance Date and Shelf Bonds III
tingkat bunga tetap sebesar 8,50% per tahun, Bank Maybank Indonesia Tranche I Year 2019
berjangka waktu 3 (tiga) tahun sejak Tanggal Series C amounting to Rp68,000 bears fixed
Emisi dan Obligasi Berkelanjutan III Bank interest rate at 8.70% per annum, with 5 (five)
Maybank Indonesia Tahap I Tahun 2019 Seri C years tenor since Issuance Date.
diterbitkan sebesar Rp68.000 dengan tingkat
bunga tetap sebesar 8,70% per tahun,
berjangka waktu 5 (lima) tahun sejak Tanggal
Emisi.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 168
Page 801
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan III Bank Maybank Shelf Bonds III Bank Maybank Indonesia
Indonesia Tahap I Tahun 2019 (lanjutan) Tranche I Year 2019 (continued)
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran on interest payment date of the bonds. The first
bunga obligasi. Tanggal pembayaran bunga interest payment of the bonds has been made
obligasi pertama telah dilakukan pada tanggal on October 3, 2019. The last interest payment
3 Oktober 2019. Tanggal pembayaran bunga and due date of Shelf Bonds III Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche I Year 2019 Series A has
Obligasi Berkelanjutan III Bank Maybank been made on July 13, 2020. The last interest
Indonesia Tahap I Tahun 2019 Seri A telah payment and due date of Shelf Bonds III Bank
dilakukan pada tanggal 13 Juli 2020. Tanggal Maybank Indonesia Tranche I Year 2019
pembayaran bunga obligasi terakhir sekaligus Series B has been made on July 3, 2022. The
jatuh tempo pokok Obligasi Berkelanjutan III last interest payment and due date of Shelf
Bank Maybank Indonesia Tahap I Tahun 2019 Bonds III Bank Maybank Indonesia Tranche I
seri B telah dilakukan pada tanggal 3 Juli 2022. Year 2019 Series C will be made on July 3,
Tanggal pembayaran bunga obligasi terakhir 2024.
sekaligus jatuh tempo pokok Obligasi
Berkelanjutan III Bank Maybank Indonesia
Tahap I Tahun 2019 seri C akan dilakukan pada
tanggal 3 Juli 2024.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
Obligasi Berkelanjutan IV Bank Maybank Shelf Bonds IV Bank Maybank Indonesia
Indonesia Tahap I Tahun 2022 Tranche I Year 2022
Pada tanggal 8 Juli 2022, Bank menerbitkan On July 8, 2022, the Bank issued Shelf Bonds IV
Obligasi Berkelanjutan IV Bank Maybank Bank Maybank Indonesia Tranche I Year 2022.
Indonesia Tahap I Tahun 2022. Obligasi The bonds consisted of 3 (three) series, Shelf
tersebut terdiri dari 3 (tiga) seri, yaitu Obligasi Bonds IV Bank Maybank Indonesia Tranche I
Berkelanjutan IV Bank Maybank Indonesia Year 2022 Series A, Series B and Series C. Shelf
Tahap I Tahun 2022 Seri A, Seri B dan Seri C. Bonds IV Bank Maybank Indonesia Tranche I
Obligasi Berkelanjutan IV Bank Maybank Year 2022 Series A amounting to Rp400,000
Indonesia Tahap I Tahun 2022 Seri A bears fixed interest rate at 3.80% per annum,
diterbitkan sebesar Rp400.000 dengan tingkat with 370 (three hundred and seventy) days tenor
bunga tetap sebesar 3,80% per tahun, since Issuance Date, Shelf Bonds IV Bank
berjangka waktu 370 (tiga ratus tujuh puluh) hari Maybank Indonesia Tranche I Year 2022 Series
sejak Tanggal Emisi, Obligasi Berkelanjutan IV B amounting to Rp300,000 bears fixed interest
Bank Maybank Indonesia Tahap I Tahun 2022 rate at 6.25% per annum, with 3 (three) years
Seri B diterbitkan sebesar Rp300.000 dengan tenor since Issuance Date and Shelf Bonds IV
tingkat bunga tetap sebesar 6,25% per tahun, Bank Maybank Indonesia Tranche I Year 2022
berjangka waktu 3 (tiga) tahun sejak Tanggal Series C amounting to Rp300,000 bears fixed
Emisi dan Obligasi Berkelanjutan IV Bank interest rate at 6.80% per annum, with 5 (five)
Maybank Indonesia Tahap I Tahun 2022 Seri C years tenor since Issuance Date.
diterbitkan sebesar Rp300.000 dengan tingkat
bunga tetap sebesar 6,80% per tahun,
berjangka waktu 5 (lima) tahun sejak Tanggal
Emisi.
169 PT Bank Maybank Indonesia Tbk 2023 Annual Report 799
Page 802
800
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan IV Bank Maybank Shelf Bonds IV Bank Maybank Indonesia
Indonesia Tahap I Tahun 2022 (lanjutan) Tranche I Year 2022 (continued)
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran on interest payment date of the bonds. The first
bunga obligasi. Tanggal pembayaran bunga interest payment of the bonds has been made
obligasi pertama telah dilakukan pada tanggal on October 8, 2022. The last interest payment
8 Oktober 2022. Tanggal pembayaran bunga and due date of Shelf Bonds IV Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche I Year 2022 Series A has
Obligasi Berkelanjutan IV Bank Maybank been made on July 18, 2023. The last interest
Indonesia Tahap I Tahun 2022 Seri A telah payment and due date of Shelf Bonds IV Bank
dilakukan pada tanggal 18 Juli 2023. Tanggal Maybank Indonesia Tranche I Year 2022 Series
pembayaran bunga obligasi terakhir sekaligus B will be made on July 8, 2025. The last interest
jatuh tempo pokok Obligasi Berkelanjutan IV payment and due date of Shelf Bonds IV Bank
Bank Maybank Indonesia Tahap I Tahun 2022 Maybank Indonesia Tranche I Year 2022 Series
seri B akan dilakukan pada tanggal 8 Juli 2025. C will be made on July 8, 2027.
Tanggal pembayaran bunga obligasi terakhir
sekaligus jatuh tempo pokok Obligasi
Berkelanjutan IV Bank Maybank Indonesia
Tahap I Tahun 2022 seri C akan dilakukan pada
tanggal 8 Juli 2027.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
Obligasi-obligasi tersebut tidak dijamin dengan The bonds are not guaranteed with specific
jaminan khusus, tetapi dijamin dengan seluruh guarantee, but guaranteed with all assets of the
harta kekayaan Bank baik barang bergerak Bank, whether present or future fixed or non-
maupun barang tidak bergerak sesuai dengan fixed assets in accordance with the provisions of
ketentuan dalam pasal 1131 dan 1132 Kitab Article 1131 and 1132 of the Civil Laws.
Undang-Undang Hukum Perdata.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 170
Page 803
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Selama berlakunya jangka waktu obligasi dan During the validity period of the bonds and prior
sebelum dilunasinya semua pokok dan bunga to the redemption of all principal and interest of
obligasi, Bank berjanji dan mengikatkan diri, the bonds, the Bank represents and binds itself,
tanpa persetujuan tertulis dari Wali Amanat without written approval from the Trustee shall
tidak akan melakukan hal-hal sebagai berikut: not perform the following actions: (i) securing
(i) mengagunkan sebagian maupun seluruh part or all of the income or asset of the Bank that
pendapatan atau harta kekayaan Bank yang exist in the present or in the future, other than for
ada pada saat ini maupun di masa yang akan the Bank’s business activity; (ii) changing the
datang, di luar kegiatan usaha Bank; (ii) main business activity; (iii) reducing the
melaksanakan perubahan bidang usaha utama; authorized capital and paid up capital, unless
(iii) mengurangi modal dasar dan modal disetor, such reduction is conducted based on request
kecuali jika pengurangan tersebut dilakukan or instruction from the government of the
atas dasar permintaan atau perintah dari Republic of Indonesia and/or competent
Pemerintah Republik Indonesia dan/atau authority (including but not limited to Bank
otoritas yang berwenang (termasuk tetapi tidak Indonesia, Minister of Finance of the Republic of
terbatas pada Bank Indonesia, Menteri Indonesia and/or monetary authority or remedial
Keuangan Negara Republik Indonesia dan/atau authority in the banking sector in accordance
otoritas moneter maupun otoritas penyehatan di with the prevailing regulation); (iv) conducting
bidang perbankan sesuai dengan ketentuan merger, consolidation, acquisition with other
yang berlaku); (iv) mengadakan company which led to the dissolution of the
penggabungan, konsolidasi, akuisisi dengan Bank.
perusahaan lain yang menyebabkan bubarnya
Bank.
Satu tahun setelah tanggal penjatahan, Bank One year after the allotment date, the Bank may
dapat melakukan pembelian kembali (buy back) repurchase (buy back) the bonds partially or fully
untuk sebagian atau seluruh obligasi sebelum prior to due date of the bonds principal. The
tanggal pelunasan pokok obligasi. Bank Bank has the right to treat the repurchase (buy
mempunyai hak untuk memberlakukan back) to be used as the bonds redemption or to
pembelian kembali (buy back) tersebut untuk be subsequently sold at market price following
dipergunakan sebagai pelunasan obligasi atau the provisions of Trustee Agreements and
untuk kemudian dijual kembali dengan harga prevailing regulation.
pasar dengan memperhatikan ketentuan dalam
Perjanjian Perwaliamanatan dan peraturan
perundang-undangan yang berlaku.
Penerimaan dana dari penerbitan obligasi ini The fund received from the bonds issuance was
digunakan untuk meningkatkan aset produktif used to increase earning assets to support
dalam rangka pengembangan usaha Bank, business growth of the Bank, mainly to be
terutama untuk penyaluran kredit. channeled in loans (credit).
171 PT Bank Maybank Indonesia Tbk 2023 Annual Report 801
Page 804
802
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM c. Shelf Bonds WOM
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak ketiga Third parties
Obligasi Berkelanjutan IV
WOM Finance Tahap I Self Bonds IV WOM Finance
Tahun 2021 Tranche I Years 2021
PT Bank Rakyat Indonesia 28 Juli/
Seri B (Persero) Tbk AA(idn) July 28, 2024 36 7,00% 198.000 Series B
Obligasi Berkelanjutan IV
WOM Finance Tahap II Shelf Bonds IV WOM Finance
Tahun 2022 Tranche II Year 2022
PT Bank Rakyat Indonesia 8 April/
Seri B (Persero) Tbk AA(idn) April 8, 2025 36 6,30% 435.000 Series B
Obligasi Berkelanjutan IV
WOM Finance Tahap III Shelf Bonds IV WOM Finance
Tahun 2023 Tranche III Year 2022
PT Bank Rakyat Indonesia 21 April/
Seri A (Persero) Tbk AA(idn) April 21, 2024 370 hari/days 5,95% 221.000 Series A
PT Bank Rakyat Indonesia 11 April/
Seri B (Persero) Tbk AA(idn) April 11, 2026 36 7,00% 685.000 Series B
Sub-jumlah nominal 1.539.000 Sub-total nominal amount
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (2.747) issuance cost
Jumlah nilai tercatat 1.536.253 Total carrying amount
*) Pihak ketiga/Third party
31 Desember/December 31, 2022
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak ketiga Third parties
Obligasi Berkelanjutan III
WOM Finance Tahap III Shelf Bonds III WOM Finance
Tahun 2020 Tranche III Year 2020
PT Bank Rakyat Indonesia 28 Mei/
Seri B (Persero) Tbk AA(idn) May 28, 2023 36 9,60% 32.800 Series B
Obligasi Berkelanjutan III
WOM Finance Tahap IV Shelf Bonds III WOM Finance
Tahun 2020 Tranche IV Year 2020
PT Bank Rakyat Indonesia 10 September/
Seri B (Persero) Tbk AA(idn) September 10, 2023 36 9,15% 172.000 Series B
Obligasi Berkelanjutan IV
WOM Finance Tahap I Self Bonds IV WOM Finance
Tahun 2021 Tranche I Years 2021
PT Bank Rakyat Indonesia 28 Juli/
Seri B (Persero) Tbk AA(idn) July 28, 2024 36 7,00% 198.000 Series B
Obligasi Berkelanjutan IV
WOM Finance Tahap II Shelf Bonds IV WOM Finance
Tahun 2022 Tranche II Year 2022
PT Bank Rakyat Indonesia 18 April/
Seri A (Persero) Tbk AA(idn) April 18, 2023 370 hari/days 4,25% 335.000 Series A
PT Bank Rakyat Indonesia 8 April/
Seri B (Persero) Tbk AA(idn) April 8, 2025 36 6,30% 415.000 Series B
Sub-jumlah nominal 1.152.800 Sub-total nominal amount
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (2.185) issuance cost
Jumlah nilai tercatat 1.150.615 Total carrying amount
*) Pihak ketiga/Third party
PT Bank Maybank Indonesia Tbk 2023 Annual Report 172
Page 805
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan III WOM Finance Shelf Bonds III WOM Finance Tranche III Year
Tahap III Tahun 2020 2020
Pada tanggal 28 Mei 2020, entitas anak, WOM On May 28, 2020, the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan III WOM Shelf Bonds III WOM Finance Tranche III Year
Finance Tahap III Tahun 2020 Dengan Tingkat 2020 With Fixed Interest Rate (“Shelf Bonds III
Suku Bunga Tetap (“Obligasi Berkelanjutan III Tranche III”) with a nominal value of Rp260,300,
Tahap III”) dengan nilai nominal sebesar which were offered at par.
Rp260.300, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan III Tahap III ini These Shelf Bonds III Tranche III are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds III Tranche III
Obligasi Berkelanjutan III Tahap III seri A Series A with a nominal value of Rp227,500 with
dengan nilai nominal Rp227.500 dengan fixed interest rate of 8.50% per annum and Shelf
tingkat suku bunga tetap sebesar 8,50% per Bonds III Tranche III Series B with a nominal
tahun dan Obligasi Berkelanjutan III Tahap III value of Rp32,800 with fixed interest rate of
Seri B dengan nilai nominal sebesar Rp32.800 9.60% per annum.
dengan tingkat suku bunga tetap sebesar
9,60% per tahun.
Bunga Obligasi Berkelanjutan III Tahap III The Shelf Bonds III Tranche III interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds III Tranche
Berkelanjutan III Tahap III Seri A dan B pertama III Series A and B interest has been paid on
telah dibayarkan pada tanggal 28 Agustus August 28, 2020. The last Shelf Bonds III
2020. Bunga Obligasi Berkelanjutan III Tahap Tranche III interest, which falls due at the
III terakhir yang sekaligus jatuh tempo dengan maturity of each series of the Shelf Bonds III
masing-masing seri obligasi telah dibayarkan Tranche III, has been paid on June 8, 2021 for
pada tanggal 8 Juni 2021 untuk Seri A dan pada Series A and on May 28, 2023 for Series B.
tanggal 28 Mei 2023 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan atas Based on results of the annual rating on long-
surat utang jangka panjang sesuai dengan term debentures in accordance with Letter
Surat No. 197/DIR/RATLTR/XII/2022 tanggal No. 197/DIR/RATLTR/XII/2022 dated December
16 Desember 2022 dari Fitch Ratings, Obligasi 16, 2022 from Fitch Ratings, the Shelf Bonds III
Berkelanjutan III Tahap III tersebut mendapat Tranche III are rated at "AA(idn)" (Double A,
peringkat "AA(idn)" (Double A, Negative Rating Negative Rating Watch).
Watch).
173 PT Bank Maybank Indonesia Tbk 2023 Annual Report 803
Page 806
804
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan III WOM Finance Shelf Bonds III WOM Finance Tranche IV Year
Tahap IV Tahun 2020 2020
Pada tanggal 10 September 2020, entitas anak, On September 10, 2020, the subsidiary, WOM
WOM menerbitkan Obligasi Berkelanjutan III issued Shelf Bonds III WOM Finance Tranche IV
WOM Finance Tahap IV Tahun 2020 Dengan Year 2020 With Fixed Interest Rate (“Shelf
Tingkat Suku Bunga Tetap (“Obligasi Bonds III Tranche IV”) with a nominal value of
Berkelanjutan III Tahap IV”) dengan nilai Rp500,000, which were offered at par.
nominal sebesar Rp500.000, yang ditawarkan
pada nilai nominal.
Obligasi Berkelanjutan III Tahap IV ini These Shelf Bonds III Tranche IV are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds III Tranche IV
Obligasi Berkelanjutan III Tahap IV seri A Series A with a nominal value of Rp328,000 with
dengan nilai nominal Rp328.000 dengan fixed interest rate of 8.00% per annum and Shelf
tingkat suku bunga tetap sebesar 8,00% per Bonds III Tranche IV Series B with a nominal
tahun dan Obligasi Berkelanjutan III Tahap IV value of Rp172,000 with fixed interest rate of
Seri B dengan nilai nominal sebesar Rp172.000 9.15% per annum.
dengan tingkat suku bunga tetap sebesar
9,15% per tahun.
Bunga Obligasi Berkelanjutan III Tahap IV The Shelf Bonds III Tranche IV interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds III Tranche
Berkelanjutan III Tahap IV Seri A dan B IV Series A and B interest has been paid on
pertama telah dibayarkan pada tanggal 10 December 10, 2020. The last Shelf Bonds III
Desember 2020. Bunga Obligasi Berkelanjutan Tranche IV interest, which falls due at the
III Tahap IV terakhir yang sekaligus jatuh tempo maturity of each series of the Shelf Bonds III
dengan masing-masing seri obligasi telah Tranche IV, has been paid on September 20,
dibayarkan pada tanggal 20 September 2021 2021 for Series A and on September 10, 2023 for
untuk Seri A dan pada tanggal 10 September Series B.
2023 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan atas Based on results of the annual rating on long-
surat utang jangka panjang sesuai dengan term debentures in accordance with Letter No.
Surat No. 197/DIR/RATLTR/XII/2022 tanggal 197/DIR/RATLTR/XII/2022 dated December 16,
16 Desember 2022 dari Fitch Ratings, Obligasi 2022 from Fitch Ratings, the Shelf Bonds III
Berkelanjutan III Tahap IV tersebut mendapat Tranche IV are rated at "AA(idn)" (Double A,
peringkat "AA(idn)" (Double A, Negative Rating Negative Rating Watch).
Watch).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 174
Page 807
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance Tranche I Year
Tahap I Tahun 2021 2021
Pada tanggal 28 Juli 2021, entitas anak, WOM On July 28, 2021, the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan IV WOM Shelf Bonds IV WOM Finance Tranche I Year
Finance Tahap I Tahun 2021 Dengan Tingkat 2021 With Fixed Interest Rate (“Shelf Bonds IV
Suku Bunga Tetap (“Obligasi Berkelanjutan IV Tranche I”) with a nominal value of Rp500,000,
Tahap I”) dengan nilai nominal sebesar which were offered at par.
Rp500.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan IV Tahap I ini These Shelf Bonds IV Tranche I are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds IV Tranche I
Obligasi Berkelanjutan IV Tahap I seri A dengan Series A with a nominal value of Rp302,000 with
nilai nominal Rp302.000 dengan tingkat suku fixed interest rate of 5.50% per annum and Shelf
bunga tetap sebesar 5,50% per tahun dan Bonds IV Tranche I Series B with a nominal
Obligasi Berkelanjutan IV Tahap I Seri B value of Rp198,000 with fixed interest rate of
dengan nilai nominal sebesar Rp198.000 7.00% per annum.
dengan tingkat suku bunga tetap sebesar
7,00% per tahun.
Bunga Obligasi Berkelanjutan IV Tahap I The Shelf Bonds IV Tranche I interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds IV Tranche
Berkelanjutan IV Tahap I Seri A dan B pertama I Series A and B interest has been paid on
telah dibayarkan pada tanggal 28 Oktober October 28, 2021. The last Shelf Bonds IV
2021. Bunga Obligasi Berkelanjutan IV Tahap I Tranche I interest, which falls due at the maturity
terakhir yang sekaligus jatuh tempo dengan of each series of the Shelf Bonds IV Tranche I,
masing-masing seri obligasi telah dibayarkan has been paid on August 8, 2022 for Series A
pada tanggal 8 Agustus 2022 untuk Seri A dan and will be paid on July 28, 2024 for Series B.
akan dibayarkan pada tanggal 28 Juli 2024
untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No. 208/DIR/RATLTR/XII/2023 No. 208/DIR/RATLTR/XII/2023 dated December
tanggal 8 Desember 2023 dari Fitch Ratings, 8, 2023 from Fitch Ratings, the Shelf Bonds IV
Obligasi Berkelanjutan IV Tahap I tersebut Tranche I are rated at "AA(idn)" (Double A,
mendapat peringkat "AA(idn)" (Double A, Negative Rating Watch).
Negative Rating Watch).
175 PT Bank Maybank Indonesia Tbk 2023 Annual Report 805
Page 808
806
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance Tranche II Year
Tahap II Tahun 2022 2022
Pada tanggal 8 April 2022, entitas anak, WOM On April 8, 2022 the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan IV WOM Shelf Bonds IV WOM Finance Tranche II Year
Finance Tahap II Tahun 2022 Dengan Tingkat 2022 With Fixed Interest Rate (“Shelf Bonds IV
Suku Bunga Tetap (“Obligasi Berkelanjutan IV Tranche II”) with a nominal value of Rp800,000,
Tahap II”) dengan nilai nominal sebesar which were offered at par.
Rp800.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan IV Tahap II ini These Shelf Bonds IV Tranche II are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds IV Tranche II
Obligasi Berkelanjutan IV Tahap II seri A Series A with a nominal value of Rp335,000 with
dengan nilai nominal Rp335.000 dengan tingkat fixed interest rate of 4.25% per annum and Shelf
suku bunga tetap sebesar 4,25% per tahun dan Bonds IV Tranche II Series B with a nominal
Obligasi Berkelanjutan IV Tahap II Seri B value of Rp465,000 with fixed interest rate of
dengan nilai nominal sebesar Rp465.000 6.30% per annum.
dengan tingkat suku bunga tetap sebesar
6,30% per tahun.
Bunga Obligasi Berkelanjutan IV Tahap II The Shelf Bonds IV Tranche II interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds IV Tranche
Berkelanjutan IV Tahap II Seri A dan B pertama II Series A and B interest has been paid on July
telah dibayarkan pada tanggal 8 Juli 2022. 8, 2022. The last Shelf Bonds IV Tranche II
Bunga Obligasi Berkelanjutan IV Tahap II interest, which falls due at the maturity of each
terakhir yang sekaligus jatuh tempo dengan series of the Shelf Bonds IV Tranche II, has been
masing-masing seri obligasi telah dibayarkan paid on April 18, 2023 for Series A and will be
pada tanggal 18 April 2023 untuk Seri A dan paid on April 8, 2025 for Series B.
akan dibayar pada tanggal 8 April 2025 untuk
Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No. 208/DIR/RATLTR/XII/2023 No. 208/DIR/RATLTR/XII/2023 dated December
tanggal 8 Desember 2023 dari Fitch Ratings, 8, 2023 from Fitch Ratings, the Shelf Bonds IV
Obligasi Berkelanjutan IV Tahap II tersebut Tranche II are rated at "AA(idn)" (Double A,
mendapat peringkat "AA(idn)" (Double A, Negative Rating Watch).
Negative Rating Watch).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 176
Page 809
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance Tranche III Year
Tahap III Tahun 2023 2023
Pada tanggal 11 April 2023, entitas anak, WOM On April 11, 2023 the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan IV WOM Shelf Bonds IV WOM Finance Tranche III Year
Finance Tahap III Tahun 2023 Dengan Tingkat 2023 With Fixed Interest Rate (“Shelf Bonds IV
Suku Bunga Tetap (“Obligasi Berkelanjutan IV Tranche III”) with a nominal value of
Tahap III”) dengan nilai nominal sebesar Rp1,000,000, which were offered at par.
Rp1.000.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan IV Tahap III ini These Shelf Bonds IV Tranche III are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds IV Tranche III
Obligasi Berkelanjutan IV Tahap III seri A Series A with a nominal value of Rp221,000 with
dengan nilai nominal Rp221.000 dengan tingkat fixed interest rate of 5.95% per annum and Shelf
suku bunga tetap sebesar 5,95% per tahun dan Bonds IV Tranche III Series B with a nominal
Obligasi Berkelanjutan IV Tahap III Seri B value of Rp779,000 with fixed interest rate of
dengan nilai nominal sebesar Rp779.000 7.00% per annum.
dengan tingkat suku bunga tetap sebesar
7,00% per tahun.
Bunga Obligasi Berkelanjutan IV Tahap III The Shelf Bonds IV Tranche III interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds IV Tranche
Berkelanjutan IV Tahap III Seri A dan B III Series A and B interest will be paid on July 11,
pertama akan dibayarkan pada tanggal 11 Juli 2023. The last Shelf Bonds IV Tranche III
2023. Bunga Obligasi Berkelanjutan IV Tahap interest, which falls due at the maturity of each
III terakhir yang sekaligus jatuh tempo dengan series of the Shelf Bonds IV Tranche III, will be
masing-masing seri obligasi akan dibayar pada paid on April 21, 2024 for Series A and on April
tanggal 21 April 2024 untuk Seri A dan pada 11, 2026 for Series B.
tanggal 11 April 2026 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No. 208/DIR/RATLTR/XII/2023 No. 208/DIR/RATLTR/XII/2023 dated December
tanggal 8 Desember 2023 dari Fitch Ratings, 8, 2023 from Fitch Ratings, the Shelf Bonds IV
Obligasi Berkelanjutan IV Tahap III tersebut Tranche III are rated at "AA(idn)" (Double A,
mendapat peringkat "AA(idn)" (Double A, Negative Rating Watch).
Negative Rating Watch).
Obligasi Berkelanjutan III Tahap III, IV dan These Shelf Bonds III Tranche III, IV and Shelf
Obligasi Berkelanjutan IV tahap I, II dan III ini Bonds IV Tranche I, II and III are secured by the
dijamin secara fidusia dengan piutang entitas fiduciary transfers of the subsidiary's current
anak kepada pihak ketiga sehubungan dengan receivables from third parties in connection with
pembiayaan pembelian kendaraan bermotor the financing of the purchases of motor vehicles
dengan kategori lancar yang nilai seluruhnya with an aggregate amount of not less than
tidak kurang dari 60,00% dari jumlah pokok 60.00% of the principal amount of bonds
yang terutang. payable.
177 PT Bank Maybank Indonesia Tbk 2023 Annual Report 807
Page 810
808
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Sebelum dilunasinya semua pokok dan bunga Prior to the redemption of the entire Bonds WOM
Obligasi WOM serta pengeluaran lain yang principal and payments of the interest and other
menjadi tanggung jawab entitas anak charges which are the responsibility of the
sehubungan dengan penerbitan Obligasi WOM, subsidiary in connection with the issuance of the
entitas anak tanpa persetujuan tertulis dari Wali Bonds WOM, the subsidiary, without written
Amanat tidak diperkenankan melakukan consent of the Trustee shall not undertake,
penggabungan atau peleburan usaha yang among others, merger or business combination,
akan mempunyai akibat yang negatif terhadap which will have a negative effect to the
entitas anak, melakukan peminjaman utang subsidiary, obtain new loans which have more
baru yang memiliki kedudukan lebih tinggi dari priority position than those arising from the
kedudukan utang yang timbul berdasarkan Bonds WOM, except loans obtained to finance
Obligasi WOM, kecuali pinjaman untuk the subsidiary’s business, declare or pay
pembiayaan usaha entitas anak, menyatakan dividends as long as the subsidiary failed in
atau membayar pembagian dividen selama servicing the loans based on the Trusteeship
entitas anak lalai dalam melakukan Agreement, change the main business of the
pembayaran jumlah terutang berdasarkan subsidiary and pledge any of the present or
Perjanjian Perwaliamanatan, mengubah bidang future assets including the rights on the
usaha utama dan menjaminkan aset termasuk subsidiary’s revenues which became the
hak atas pendapatan entitas anak, baik yang collateral based on the Trusteeship Agreement
ada sekarang maupun yang akan diperoleh di and Indebtedness Agreement. The subsidiary
masa yang akan datang yang menjadi jaminan has complied with the covenants in those
berdasarkan Perjanjian Perwaliamanatan dan agreements.
Akta Pengakuan Utang. Entitas anak telah
memenuhi batasan-batasan yang diwajibkan
dalam perjanjian tersebut.
Satu tahun setelah tanggal penjatahan, entitas One year after the allotment date, the subsidiary
anak dapat melakukan pembelian kembali (buy may repurchase (buy back) the bonds partially
back) untuk sebagian atau seluruh obligasi or fully prior to due date of the bonds principal.
sebelum tanggal pelunasan pokok obligasi. The Subsidiary has the right to treat the
Entitas anak mempunyai hak untuk repurchase (buy back) to be used as the bonds
memberlakukan pembelian kembali (buy back) redemption or to be subsequently sold at market
tersebut untuk dipergunakan sebagai price following the provisions of Trustee
pelunasan obligasi atau untuk kemudian dijual Agreements and prevailing regulation.
kembali dengan harga pasar dengan
memperhatikan ketentuan dalam perjanjian
perwaliamanatan dan peraturan perundang-
undangan yang berlaku.
Pada tanggal 31 Desember 2023 dan 2022 As of December 31, 2023 and 2022 the
piutang pembiayaan konsumen yang digunakan consumer financing receivables pledged as
sebagai jaminan atas Obligasi WOM adalah collateral on recourse basis to the Bonds WOM
masing-masing sebesar Rp997.802 dan were amounted Rp997,802 and Rp721,682
Rp721.682. respectively.
Penggunaan dana dari penerbitan obligasi The funds received from the issuance of WOM’s
WOM digunakan untuk meningkatkan dan bonds were used to increase and develop the
mengembangkan usaha entitas anak. subsidiary's business.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 178
Page 811
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF d. Bonds MIF
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee* ) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi Related parties
(Catatan 44) (Note 44)
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2021 dengan PT Bank Mandiri AAA(idn) 23 Juni/ Year 2021 with
Tingkat Bunga Tetap (Persero) Tbk June 23, 2024 36 6,30% 19.500 Fixed Interest Rate
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri AAA(idn) 30 Maret/ Year 2022 with
Tingkat Bunga Tetap (Persero) Tbk March 30, 2025 36 5,80% 52.000 Fixed Interest Rate
Sub-jumlah nominal - Sub-total nominal amount -
Pihak berelasi 71.500 Related parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (76) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak berelasi 71.424 Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan II Shelf Bonds II
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2019 dengan Year 2019 with
Tingkat Bunga Tetap Fixed Interest Rate
PT Bank Mandiri 2 April/
Seri B (Persero) Tbk AAA(idn) April 2, 2024 60 9,35% 350.000 Series B
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2021 dengan PT Bank Mandiri 23 Juni/ Year 2021 with
Tingkat Bunga Tetap (Persero) Tbk AAA(idn) June 23, 2024 36 6,30% 452.500 Fixed Interest Rate
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri AAA(idn) 30 Maret/ Year 2022 with
Tingkat Bunga Tetap (Persero) Tbk March 30, 2025 36 5,80% 748.000 Fixed Interest Rate
Sub-jumlah nominal - Sub-total nominal amount -
Pihak ketiga 1.550.500 Third parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (1.300) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak ketiga 1.549.200 Third parties
Jumlah nilai tercatat 1.620.624 Total carrying amount
*) Pihak ketiga/Third party
179 PT Bank Maybank Indonesia Tbk 2023 Annual Report 809
Page 812
810
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
31 Desember/December 31, 2022
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee* ) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi Related parties
(Catatan 44) (Note 44)
Obligasi Berkelanjutan II Shelf Bonds II
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2018 dengan Year 2018 with
Tingkat Bunga Tetap Fixed Interest Rate
PT Bank Mandiri 17 Mei/
Seri B (Persero) Tbk AAA(idn) May 17, 2023 60 8,00% 2.500 Series B
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2021 dengan PT Bank Mandiri AAA(idn) 23 Juni/ Year 2021 with
Tingkat Bunga Tetap (Persero) Tbk June 23, 2024 36 6,30% 22.500 Fixed Interest Rate
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri AAA(idn) 30 Maret/ Year 2022 with
Tingkat Bunga Tetap (Persero) Tbk March 30, 2025 36 5,80% 51.000 Fixed Interest Rate
Sub-jumlah nominal - 76.000 Sub-total nominal amount -
Pihak berelasi Related parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (174) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak berelasi 75.826 Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan II Shelf Bonds II
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2018 dengan Year 2018 with
Tingkat Bunga Tetap Fixed Interest Rate
PT Bank Mandiri 17 Mei/
Seri B (Persero) Tbk AAA(idn) May 17, 2023 60 8,00% 97.500 Series B
Obligasi Berkelanjutan II Shelf Bonds II
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2019 dengan Year 2019 with
Tingkat Bunga Tetap Fixed Interest Rate
PT Bank Mandiri 2 April/
Seri B (Persero) Tbk AAA(idn) April 2, 2024 60 9,35% 350.000 Series B
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2021 dengan PT Bank Mandiri 23 Juni/ Year 2021 with
Tingkat Bunga Tetap (Persero) Tbk AAA(idn) June 23, 2024 36 6,30% 449.500 Fixed Interest Rate
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri AAA(idn) 30 Maret/ Year 2022 with
Tingkat Bunga Tetap (Persero) Tbk March 30, 2025 36 5,80% 749.000 Fixed Interest Rate
Sub-jumlah nominal - 1.646.000 Sub-total nominal amount -
Pihak ketiga Third parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (3.220) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak ketiga 1.642.780 Third parties
Jumlah nilai tercatat 1.718.606 Total carrying amount
*) Pihak ketiga/Third party
PT Bank Maybank Indonesia Tbk 2023 Annual Report 180
Page 813
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan II Maybank Finance Shelf Bonds lI Maybank Finance Tranche I
Tahap I Tahun 2018 dengan Tingkat Bunga Year 2018 with Fixed Interest Rates
Tetap
Pada tanggal 17 Mei 2018, entitas anak, MIF On May 17, 2018, the subsidiary, MIF issued
menerbitkan Obligasi Berkelanjutan II Maybank Shelf Bonds II Maybank Finance Tranche I Year
Finance Tahap I Tahun 2018 dengan Tingkat 2018 with Fixed Interest Rate (Shelf Bonds II
Bunga Tetap ("Obligasi Berkelanjutan II Tahap Tranche I) with nominal value amounting to
I") dengan nilai nominal sebesar Rp500.000, Rp500,000 which were offered at par. These
yang ditawarkan pada nilai nominal. Obligasi Shelf Bonds II Tranche I are series bonds
Berkelanjutan II Tahap I ini merupakan obligasi consisting of Shelf Bonds II Tranche I Series A
berseri yang meliputi Obligasi Berkelanjutan II with nominal value of Rp400,000 and a fixed
Tahap I Seri A dengan nilai nominal sebesar interest rate of 7.75% per annum and Shelf
Rp400.000 dengan tingkat suku bunga tetap Bonds lI Tranche I Series B with a nominal value
sebesar 7,75% per tahun dan Obligasi of Rp100,000 and a fixed interest rate of 8.00%
Berkelanjutan II Tahap I Seri B dengan nilai per annum.
nominal sebesar Rp100.000 dengan tingkat
suku bunga tetap sebesar 8,00% per tahun.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance, after
penerbitan obligasi ini, setelah dikurangi deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly basis,
sejak tanggal penerbitan emisi, sesuai dengan starting from the issuance date. The first bonds
tanggal pembayaran masing-masing bunga interest payment has been paid on August 17,
obligasi. Pembayaran bunga obligasi pertama 2018. The last interest payment date, which falls
telah dilakukan pada tanggal 17 Agustus 2018. due at the maturity of each series has been paid
Pembayaran bunga obligasi terakhir sekaligus on May 17, 2021 for Series A and on May 17,
jatuh tempo dengan masing-masing seri 2023 for Series B.
obligasi telah dibayarkan pada tanggal 17 Mei
2021 untuk Seri A dan pada tanggal 17 Mei
2023 untuk Seri B.
Obligasi Berkelanjutan II Maybank Finance Shelf Bonds II Maybank Finance Phase I Year
Tahap I Tahun 2018 Seri A dan Seri B telah 2018 Series A and Series B were fully paid on
dilunasi masing-masing pada tanggal 10 Mei May 10, 2021 and May 17, 2023, respectively.
2021 dan 17 Mei 2023.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 196/DIR/RATLTR/XII/2022 Indonesia No. 196/DIR/RATLTR/XII/2022 dated
tanggal 16 Desember 2022, Obligasi December 16, 2022, Shelf Bonds II Tranche I are
Berkelanjutan II Tahap I telah mendapat rated at “AAA(idn)".
peringkat "AAA(idn)".
181 PT Bank Maybank Indonesia Tbk 2023 Annual Report 811
Page 814
812
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan II Maybank Finance Shelf Bonds II Maybank Finance Tranche II
Tahap II Tahun 2019 dengan Tingkat Bunga Year 2019 with Fixed Interest Rates
Tetap
Pada tanggal 2 April 2019, entitas anak, MIF On April 2, 2019, the subsidiary, MIF issued
menerbitkan Obligasi Berkelanjutan II Maybank Shelf Bonds II Maybank Finance Tranche II Year
Finance Tahap II Tahun 2019 dengan Tingkat 2019 with Fixed Interest Rate (“Shelf Bonds II
Bunga Tetap (“Obligasi Berkelanjutan II Tahap Tranche II”) with nominal value amounting to
II”) dengan nilai nominal sebesar Rp1.000.000, Rp1,000,000 which were offered at par. These
yang ditawarkan pada nilai nominal. Obligasi Shelf Bonds II Tranche II are series bonds
Berkelanjutan II Tahap II ini merupakan obligasi consisting of Shelf Bonds II Tranche II Series A
berseri yang meliputi Obligasi Berkelanjutan II with nominal value of Rp650,000 and a fixed
Tahap II Seri A dengan nilai nominal sebesar interest rate of 9.00% per annum and Shelf
Rp650.000 dengan tingkat suku bunga tetap Bonds II Tranche II Series B with a nominal
sebesar 9,00% per tahun dan Obligasi value of Rp350,000 and a fixed interest rate of
Berkelanjutan II Tahap II Seri B dengan nilai 9.35% per annum.
nominal sebesar Rp350.000 dengan tingkat
suku bunga tetap sebesar 9,35% per tahun.
Pengunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly basis,
sejak tanggal penerbitan emisi, sesuai dengan starting from the issuance date. The first bonds
tanggal pembayaran masing-masing bunga interest payment has been paid on July 2, 2019.
obligasi. Pembayaran bunga obligasi pertama The last interest payment date, which falls due
telah dilakukan pada tanggal 2 Juli 2019. at the maturity of each series has been paid on
Pembayaran bunga obligasi terakhir sekaligus April 2, 2022 for Series A and will be paid on April
jatuh tempo dengan masing-masing seri 2, 2024 for Series B.
obligasi telah dibayarkan pada tanggal
2 April 2022 untuk Seri A dan akan dibayarkan
pada tanggal 2 April 2024 untuk Seri B.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 206/DIR/RATLTR/XII/2023 Indonesia No. 206/DIR/RATLTR/XII/2023 dated
tanggal 8 Desember 2023, Obligasi December 8, 2023, Shelf Bonds II Maybank
Berkelanjutan II Maybank Finance Tahap II Finance Tranche II Year 2019 are rated at
Tahun 2019 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
PT Bank Maybank Indonesia Tbk 2023 Annual Report 182
Page 815
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan III Maybank Finance Shelf Bonds III Maybank Finance Tranche I
Tahap I Tahun 2021 dengan Tingkat Bunga Year 2021 with Fixed Interest Rates
Tetap
Pada tanggal 23 Juni 2021, entitas anak, MIF On June 23, 2021, the subsidiary, MIF issued
menerbitkan Obligasi Berkelanjutan III Shelf Bonds III Maybank Finance Tranche I Year
Maybank Finance Tahap I Tahun 2021 dengan 2021 with Fixed Interest Rate (“Shelf Bonds III
Tingkat Bunga Tetap (“Obligasi Berkelanjutan Tranche I”) with nominal value amounting to
III Tahap I”) dengan nilai nominal sebesar Rp500,000 which were offered at par and a fixed
Rp500.000 dan tingkat suku bunga tetap interest rate of 6.30% per annum.
sebesar 6,30% per tahun.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly basis,
sejak tanggal penerbitan emisi, sesuai dengan starting from the issuance date. The first bonds
tanggal pembayaran masing-masing bunga interest payment has been paid on September
obligasi. Pembayaran bunga obligasi pertama 24, 2021. The last interest payment date, which
telah dilakukan pada tanggal 24 September falls due at the maturity will be paid on June 23,
2021. Pembayaran bunga obligasi terakhir 2024.
sekaligus jatuh tempo akan dibayarkan pada
tanggal 23 Juni 2024.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 206/DIR/RATLTR/XII/2023 Indonesia No. 206/DIR/RATLTR/XII/2023 dated
tanggal 8 Desember 2023, Obligasi December 8, 2023, Shelf Bonds III Maybank
Berkelanjutan III Maybank Finance Tahap I Finance Tranche I Year 2021 are rated at
Tahun 2021 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
183 PT Bank Maybank Indonesia Tbk 2023 Annual Report 813
Page 816
814
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan III Maybank Finance Shelf Bonds III Maybank Finance Tranche II
Tahap II Tahun 2022 dengan Tingkat Bunga Year 2022 with Fixed Interest Rates
Tetap
Pada tanggal 30 Maret 2022, entitas anak (MIF) On March 30, 2022, the subsidiary (MIF) issued
menerbitkan Obligasi Berkelanjutan III Shelf Bonds III Maybank Finance Tranche II
Maybank Finance Tahap II Tahun 2022 dengan Year 2022 with Fixed Interest Rate (“Shelf
Tingkat Bunga Tetap (“Obligasi Berkelanjutan Bonds III Tranche II”) with nominal value
III Tahap II”) dengan nilai nominal sebesar amounting to Rp800,000 which were offered at
Rp800.000 dan tingkat suku bunga tetap par and a fixed interest rate of 5.80% per annum.
sebesar 5,80% per tahun.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly
sejak tanggal penerbitan emisi, sesuai dengan basis, starting from the issuance date. The first
tanggal pembayaran masing-masing bunga bonds interest payment has been paid on
obligasi. Pembayaran bunga obligasi pertama June 30, 2022. The last interest payment date,
telah dilakukan pada tanggal 30 Juni 2022. which falls due at the maturity will be paid on
Pembayaran bunga obligasi terakhir sekaligus March 30, 2025.
jatuh tempo akan dibayarkan pada tanggal
30 Maret 2025.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 206/DIR/RATLTR/XII/2023 Indonesia No. 206/DIR/RATLTR/XII/2023 dated
tanggal 8 Desember 2023, Obligasi December 8, 2023, Shelf Bonds III Maybank
Berkelanjutan III Maybank Finance Tahap II Finance Tranche II Year 2022 are rated at
Tahun 2022 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
PT Bank Maybank Indonesia Tbk 2023 Annual Report 184
Page 817
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan II Maybank Finance Shelf Bonds II Maybank Finance Tranche I and
Tahap I dan II, dan Obligasi Berkelanjutan III II, and Shelf Bonds III Maybank Finance
Maybank Finance tahap I dan II ini dijamin Tranche I and II are secured by consumer
dengan piutang berupa piutang pembiayaan financing receivables or leasing and/or other
konsumen atau sewa guna usaha dan/atau receivables related to business activities of the
piutang lain yang timbul sehubungan dengan subsidiary which have not yet matured or do not
kegiatan usaha yang dilakukan entitas anak have payment delinquency which are more than
yang belum jatuh tempo atau tidak tertunggak 90 (ninety) calendar days after the latest payment
pembayarannya melewati jangka waktu 90 matured. Secured value, Shelf Bonds II Maybank
(sembilan puluh) hari kalender setelah Finances Tranche I, Shelf Bonds II Maybank
angsuran terakhir jatuh tempo. Nilai jaminan Finance Tranche II, Shelf Bonds III Maybank
untuk Obligasi Berkelanjutan II Maybank Finance Tranche I and Shelf Bonds III Maybank
Finance Tahap I, Obligasi Berkelanjutan II Finance Tranche II must be 50.00% of the
Maybank Finance Tahap II, Obligasi principal amount of the Bonds at the minimum.
Berkelanjutan III Maybank Finance Tahap I dan
Obligasi berkelanjutan III Maybank Finance
Tahap II adalah sekurang-kurangnya 50,00%
dari pokok obligasi.
Sebelum melunasi semua pokok dan bunga Prior to the redemption of entire principal and
obligasi serta pengeluaran lain yang menjadi interest of bonds and other charges which are
tanggung jawab entitas anak sehubungan the responsibility of the subsidiary in connection
dengan penerbitan obligasi, entitas anak, tanpa with the issuance of the bonds, the subsidiary,
persetujuan tertulis dari Wali Amanat, tidak without written consent of the Trustee, shall not
diperkenankan melakukan tindakan-tindakan, undertake, among others mergers or business
antara lain melakukan penggabungan atau combinations which will have negative effect to
peleburan usaha yang akan mempunyai akibat the subsidiary; conduct other payment in the
yang negatif terhadap entitas anak; melakukan year when the subsidiary does not pay liable
pembayaran lain pada tahun buku selama amount; provide loan to affiliation party more
entitas anak tidak melakukan pembayaran than 30.00% of the subsidiary’s equity; change
jumlah terutang; memberi pinjaman kepada main business of the subsidiary; decrease
pihak afiliasi lebih dari 30,00% ekuitas entitas authorized capital and/or issued capital and/or
anak; mengubah bidang usaha utama entitas paid up capital of the subsidiary; enter into
anak; melakukan penurunan modal dasar cooperation causing the subsidiary to be
dan/atau modal ditempatkan dan/atau modal controlled by the other party; transfer the
disetor entitas anak; mengadakan segala subsidiary’s assets with transaction value more
bentuk kerjasama yang mengakibatkan entitas than 40.00% of equity, except any receivables
anak diatur oleh pihak lain; mengalihkan harta transfer related to normal course of business;
kekayaan entitas anak dengan nilai transaksi and perform issuance of bonds or other similar
melebihi 40,00% dari ekuitas, kecuali instruments with higher preference collateral
pengalihan piutang dalam rangka menjalankan ratio.
kegiatan usahanya sehari-hari; dan melakukan
pengeluaran obligasi atau instrumen lain yang
sejenis dengan jaminan preferen yang memiliki
rasio jaminan lebih tinggi.
185 PT Bank Maybank Indonesia Tbk 2023 Annual Report 815
Page 818
816
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Satu tahun setelah tanggal penjatahan, entitas One year after the allotment date, the subsidiary
anak dapat melakukan pembelian kembali (buy may repurchase (buy back) the bonds partially or
back) untuk sebagian atau seluruh obligasi fully prior to due date of the bonds principal. The
sebelum tanggal pelunasan pokok obligasi. subsidiary has the right to treat the repurchase
Entitas anak mempunyai hak untuk (buy back) to be used as the bonds redemption
memberlakukan pembelian kembali (buy back) or to be subsequently sold at market price
tersebut untuk dipergunakan sebagai following the provisions of Trustee Agreements
pelunasan obligasi atau untuk kemudian dijual and prevailing regulation.
kembali dengan harga pasar dengan
memperhatikan ketentuan dalam perjanjian
perwaliamanatan dan peraturan perundang-
undangan yang berlaku.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022 the
piutang pembiayaan konsumen yang consumer financing receivables pledged as
digunakan sebagai jaminan atas Obligasi MIF collateral on recourse basis to the Bonds MIF
adalah masing-masing sebesar Rp825.000 dan amounted to Rp825,000 and Rp875,000,
Rp875.000. respectively.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the public offering, after
penawaran umum ini, setelah dikurangi dengan deducting issuance cost, will be used by the
biaya-biaya emisi, akan dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary’s license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
e. Lain-lain e. Others
Selama tahun 2023 dan 2022, Bank dan entitas During the year 2023 and 2022, the Bank and
anak telah memenuhi ketentuan tentang subsidiaries have fulfilled the clauses related to
pembatasan-pembatasan dan kewajiban- covenants and obligations according to the
kewajiban sebagaimana disepakati dalam Bonds Trustee Agreements in Notes 22b, 22c
Perjanjian Perwaliamanatan dalam Catatan and 22d.
22b, 22c dan 22d.
Bank dan entitas anak, telah melunasi pokok Bank and the subsidiaries have paid the
dan bunga obligasi secara tepat waktu. principal and interest of the bonds on time.
Obligasi-obligasi ini dicatat di Bursa Efek The bonds are listed on the Indonesia Stock
Indonesia. Exchange.
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 186
Page 819
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA 23. BORROWINGS
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
Rupiah Rupiah
Pinjaman antar bank 1.160.000 4.700.000 Interbank borrowing
Fasilitas Pembiayaan Pemilikan Motor Vehicle Ownership
Kendaraan Bermotor Financing Facilities
PT Bank Pan Indonesia Tbk 1.181.130 1.417.608 PT Bank Pan Indonesia Tbk
PT Bank HSBC Indonesia 900.000 600.000 PT Bank HSBC Indonesia
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 622.222 - (Persero) Tbk
PT Bank Digital BCA 415.800 - PT Bank Digital BCA
PT Bank Mandiri (Persero) Tbk 396.018 1.000.177 PT Bank Mandiri (Persero) Tbk
PT Bank Victoria International Tbk 300.000 300.000 PT Bank Victoria International Tbk
PT Bank Maspion Tbk 267.031 - PT Bank Maspion Tbk
PT Bank KEB Hana Indonesia 216.913 191.292 PT Bank KEB Hana Indonesia
PT Bank DKI 182.997 91.464 PT Bank DKI
PT Bank IBK Indonesia Tbk 145.901 - PT Bank IBK Indonesia Tbk
PT Bank DBS Indonesia 100.000 200.000 PT Bank DBS Indonesia
PT Bank Hibank 100.000 - PT Bank Hibank
PT Bank Shinhan Indonesia 79.060 128.892 PT Bank Shinhan Indonesia
PT Bank Permata Tbk 52.731 102.603 PT Bank Permata Tbk
PT Bank DKI Syariah 23.379 36.159 PT Bank DKI Syariah
PT Bank CTBC Indonesia - 12.497 PT Bank CTBC Indonesia
4.983.182 4.080.692
Sub-jumlah - Rupiah 6.143.182 8.780.692 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pinjaman dari Japan International Loans received from Japan
Cooperation Agency (JICA) International Cooperation Agency (JICA)
Two - Step Loans 458 1.488 Two - Step Loans
Pinjaman antar bank 1.601.288 1.167.562 Interbank borrowing
Sub-jumlah - Mata uang asing 1.601.746 1.169.050 Sub-total - Foreign currencies
7.744.928 9.949.742
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities are disclosed in Note 54.
Catatan 54.
187 PT Bank Maybank Indonesia Tbk 2023 Annual Report 817
Page 820
818
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak Financing Facilities
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 37 tanggal Based on the Credit Agreement No. 37 dated
11 Juni 2013, Bank Panin setuju memberikan June 11, 2013, Bank Panin agreed to provide a
Fasilitas Pinjaman Tetap III dan Fasilitas Fixed Loan Facility III and Overdraft Loan
Pinjaman Rekening Koran kepada entitas anak Facility to subsidiary (WOM) with maximum
(WOM) dengan jumlah maksimum dana yang available fund amounting to Rp500,000 and
disediakan masing-masing sebesar Rp500.000 Rp50,000, respectively, which was used for
dan Rp50.000, yang digunakan sebagai modal working capital for consumer financing and
kerja pembiayaan konsumen dan cadangan working capital provision. The maturity date of
modal kerja. Tanggal jatuh tempo dari masing- each loan is 39 (thirty nine) months and 1 (one)
masing pinjaman adalah 39 (tiga puluh year from the signing date of credit agreement
sembilan) bulan dan 1 (satu) tahun sejak and has expired on September 11, 2016 for
tanggal penandatanganan perjanjian kredit dan Fixed Loan Facility III and on June 11, 2014 for
telah berakhir pada tanggal 11 September 2016 Overdraft Loan Facility.
untuk Fasilitas Pinjaman Tetap III dan berakhir
pada tanggal 11 Juni 2014 untuk Fasilitas
Pinjaman Rekening Koran.
Perjanjian Kredit untuk Fasilitas Pinjaman The Agreement for the Overdraft Loan Facilty
Rekening Koran ini telah mengalami beberapa has been extended several times, the latest
kali perpanjangan, terakhir perpanjangan extention of the facility based on the Credit
fasilitas berdasarkan perubahan terhadap Agreement and Security Agreement No.
Perjanjian Kredit dan Perjanjian Jaminan No. 002/IBD PRK/LEG/19/Per.IV dated May 20,
002/IBD-PRK/LEG/19/Per.IV tanggal 20 Mei 2021 which matured on May 28, 2022.
2021 yang telah jatuh tempo pada tanggal 28
Mei 2022.
Berdasarkan Perubahan terhadap Perjanjian Based on the Amendment to the Credit
Kredit dan Perjanjian Jaminan No. 002/IBD- Agreement and Guarantee Agreement No.
PRK/LEG/19/Per.V tanggal 24 Mei 2022, Bank 002/IBD-PRK/LEG/19/Per.V dated May 24,
Panin setuju untuk memperpanjang sementara 2022, Bank Panin agreed to temporarily extend
jangka waktu fasilitas kredit sampai dengan the term of the credit facility until August 28,
tanggal 28 Agustus 2022. 2022.
Berdasarkan Perubahan terhadap Perjanjian Based on the Amendment to the Credit
Kredit dan Perjanjian Jaminan No. 002/IBD- Agreement and Guarantee Agreement No.
PRK/LEG/19/Per.VI tanggal 19 Agustus 2022, 002/IBD-PRK/LEG/19/Per.VI dated August 19,
Bank Panin setuju untuk memperpanjang 2022, Bank Panin agreed to extend the term of
jangka waktu fasilitas kredit sampai dengan the credit facility until May 28, 2023.
tanggal 28 Mei 2023.
Berdasarkan Perubahan terhadap Perjanjian Based on the Amendment to the Credit
Kredit dan Perjanjian Jaminan No. 002/IBD- Agreement and Guarantee Agreement No.
PRK/LEG/19/Per.VII tanggal 24 Mei 2023, Bank 002/IBD-PRK/LEG/19/Per.VII dated May 24,
Panin setuju untuk memperpanjang jangka 2023, Bank Panin agreed to extend the term of
waktu fasilitas kredit sampai dengan tanggal 28 the credit facility until May 28, 2024.
Mei 2024.
Pinjaman ini dikenakan tingkat suku bunga The loan bears interest rate at 10.50% per
sebesar 10,50% per tahun. annum.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 188
Page 821
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
(lanjutan) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer financing
bersih minimal sebesar 100,00% dari total receivables at 100.00% of the total amount of
plafon pinjaman dengan kategori piutang yang the loan with category day past due not over
tidak memiliki tunggakan lebih dari 90 (sembilan than 90 (ninety) days, not pledged to any third
puluh) hari, tidak dalam keadaan dijaminkan party and also the object of financing should be
kepada pihak ketiga manapun juga, objek covered by insurance, maintain maximum debt
pembiayaan harus diasuransikan serta to equity ratio of 10 times, and maintain
mempertahankan rasio utang terhadap ekuitas maximum Non Performing Loan (“NPL”) net
tidak melebihi 10 kali, serta mempertahankan ratio above 90 (ninety) days of 3.00%.
rasio Non Performing Loan (“NPL”) neto di atas
90 (sembilan puluh) hari maksimal 3,00%.
Berdasarkan Perjanjian Kredit No. 75 tanggal Based on Credit Agreement No. 75 dated
28 Mei 2014, Bank Panin setuju memberikan May 28, 2014, Bank Panin agreed to provide a
Fasilitas Pinjaman Pasar Uang dengan jumlah Money Market Loan Facility with maximum
maksimum dana yang disediakan sebesar available fund of Rp200,000, which was used
Rp200.000 yang digunakan sebagai modal as consumer finance working capital to
kerja pembiayaan konsumen kepada entitas subsidiary.The loan bears interest rate which
anak. Pinjaman ini dikenakan tingkat suku will be determined upon withdrawal.
bunga yang akan ditetapkan pada saat
penarikan.
Perjanjian Kredit untuk Fasilitas Pinjaman The Agreement for the Money Market Loan
Pasar Uang ini telah mengalami beberapa kali Facility has been extended several times, the
perpanjangan, terakhir perpanjangan fasilitas latest extention of the facility based on in the
berdasarkan perubahan terhadap Perjanjian Credit Agreement and Security Agreement
Kredit dan Perjanjian Jaminan No. 002/IBD- No. 002/IBD-MM/LEG/19/Per.IV dated May 20,
MM/LEG/19/Per.IV tanggal 20 Mei 2021 yang 2021 which has matured on May 28, 2022.
telah jatuh tempo pada tanggal 28 Mei 2022.
Berdasarkan perubahan terhadap Perjanjian Based on the amendment to the Credit
Kredit dan Perjanjian Jaminan No. 002/IBD- Agreement and Guarantee Agreement No.
MM/LEG/19/Per.V tanggal 24 Mei 2022, Bank 002/IBD-MM/LEG/19/Per.V dated May 24,
Panin setuju untuk memperpanjang sementara 2022, Bank Panin agreed to temporarily extend
jangka waktu fasilitas kredit sampai dengan the term of the credit facility until August 28,
tanggal 28 Agustus 2022. 2022.
Berdasarkan Perubahan terhadap Perjanjian Based on the Amendment to the Credit
Kredit dan Perjanjian Jaminan No 002/IBD- Agreement and Guarantee Agreement No.
PRK/LEG/19/Per.VI tanggal 19 Agustus 2022, 002/IBD-PRK/LEG/19/Per.VI dated August 19,
Bank Panin setuju untuk memperpanjang 2022, Bank Panin agreed to extend the term of
jangka waktu fasilitas kredit sampai dengan the credit facility until May 28, 2023.
tanggal 28 Mei 2023.
189 PT Bank Maybank Indonesia Tbk 2023 Annual Report 819
Page 822
820
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
(lanjutan) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Perubahan terhadap Perjanjian Based on the Amendment to the Credit
Kredit dan Perjanjian Jaminan No. 002/IBD- Agreement and Guarantee Agreement No.
PRK/LEG/19/Per.VII dan No. 002/IBD- 002/IBD-PRK/LEG/19/Per.VII and No. 002/IBD-
MM/LEG/19/Per.VII tanggal 24 Mei 2023, Bank MM/LEG/19/Per.VII dated May 24, 2023, Bank
Panin setuju untuk memperpanjang jangka Panin agreed to extend the term of the credit
waktu fasilitas kredit sampai dengan tanggal 28 facility until May 28, 2024.
Mei 2024.
Perjanjian ini dijamin dengan jaminan fidusia The agreement is secured by fiduciary transfer
atas piutang pembiayaan konsumen bersih of the Company’s net consumer financing
minimal sebesar 60,00% dari total pokok receivables at 60.00% of the total amount of the
pinjaman dengan kategori piutang yang tidak outstanding loan with category day past due not
memiliki tunggakan lebih dari 90 (sembilan over than 90 (ninety) days, not secured to any
puluh) hari, tidak dalam keadaan dijaminkan third party and also the object of financing
kepada pihak ketiga manapun juga serta objek should be covered by insurance and maintain
pembiayaan harus diasuransikan serta maximum debt to equity ratio of 10 times and
mempertahankan rasio utang terhadap ekuitas
maintain maximum NPL net ratio above 90
tidak melebihi 10 kali serta mempertahankan
(ninety) days of 3.00%.
rasio NPL neto diatas 90 (sembilan puluh) hari
maksimal 3,00%.
Berdasarkan Perjanjian Kredit dan Perjanjian Based on the Credit Agreement and Security
Jaminan No. 21 tanggal 22 Oktober 2020, Bank Agreement No. 21 dated October 22, 2020,
Panin setuju memberikan Fasilitas Pinjaman Bank Panin Agreed to provide a Fixed Loan
Tetap XVII dengan jumlah maksimum dana Facility XVII with maximum available fund
yang disediakan sebesar Rp600.000. Tanggal amounting to Rp600,000. The loan’s maturity
jatuh tempo Fasilitas Pinjaman Tetap XVII date is 30 (thirty) months from the signing date
adalah 30 (tiga puluh tujuh) bulan sejak tanggal of credit agreement. The loan bears interest rate
penandatangan perjanjian kredit. Pinjaman ini at 8.75% per annum during the loan period for
dikenakan tingkat suku bunga sebesar 8,75%
24 (twenty four) months, which remained valid
per tahun untuk jangka waktu pinjaman selama
for the period of Fixed Loan XVII.
24 (dua puluh empat) bulan yang berlaku tetap
selama jangka waktu Pinjaman Tetap XVII.
Berdasarkan Surat No. 381/IBD/EXT/20 tanggal Based on Letter No. 381/IBD/EXT/20 dated
1 Desember 2020, Bank Panin setuju untuk December 1, 2020, Bank Panin agreed to adjust
menyesuaikan kondisi tingkat suku bunga the condition of Fixed Loan Facility XVII interest
Fasilitas Pinjaman Tetap XVII, tingkat suku rate, the interest rate at 8.00% per annum
bunga sebesar 8,00% per tahun untuk jangka during the loan period for 24 (twenty four)
waktu pinjaman selama 24 (dua puluh empat) months, which remained valid for the period of
bulan yang berlaku tetap selama jangka waktu Fixed Loan XVII.
Pinjaman Tetap XVII.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 190
Page 823
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
(lanjutan) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Surat No. 145/IBD/EXT/21 tanggal Based on Letter No. 145/IBD/EXT/21 dated May
4 Mei 2021, Bank Panin setuju untuk kembali 4, 2021, Bank Panin agreed to readjust the
menyesuaikan kondisi tingkat suku bunga condition of Fixed Loan Facility XVII interest
Fasilitas Pinjaman Tetap XVII, tingkat suku rate, the interest rate at 7.00% per annum
bunga sebesar 7,00% per tahun untuk jangka during the loan period for 24 (twenty four)
waktu pinjaman selama 24 (dua puluh empat) months, which remained valid for the period of
bulan yang berlaku tetap selama jangka waktu Fixed Loan XVII.
Pinjaman Tetap XVII.
Berdasarkan Surat No. 160/IBD/EXT/21 tanggal Based on Letter No. 160/IBD/EXT/21 dated May
19 Mei 2021, Bank Panin setuju untuk kembali 19, 2021, Bank Panin agreed to readjust the
menyesuaikan kondisi tingkat suku bunga condition of Fixed Loan Facility XVII interest
Fasilitas Pinjaman Tetap XVII, tingkat suku rate, the interest rate at 6.75% per annum during
bunga sebesar 6,75% per tahun untuk jangka the loan period for 24 (twenty four) months,
waktu pinjaman selama 24 (dua puluh empat) which remain valid for the period of Fixed Loan
bulan yang berlaku tetap selama jangka waktu XVII.
Pinjaman Tetap XVII.
Berdasarkan Surat No. 277/IBD/EXT/21 tanggal Based on Letter No. 277/IBD/EXT/21 dated
31 Agustus 2021, Bank Panin setuju untuk August 31, 2021, Bank Panin agreed to readjust
kembali menyesuaikan kondisi tingkat suku the condition of Fixed Loan Facility XVII the
bunga Fasilitas Pinjaman Tetap XVII sebesar interest rate at 6.12% per annum during the loan
6,12% per tahun untuk jangka waktu pinjaman period for 19 (nineteen) months, which remain
selama 19 (sembilan belas) bulan yang berlaku valid for the period of Fixed Loan XVII.
tetap selama jangka waktu Pinjaman Tetap
XVII.
Fasilitas pinjaman ini telah jatuh tempo dan This loan facility has been due and fully paid on
lunas pada tanggal 21 April 2023. April 21, 2023.
Berdasarkan Perjanjian Kredit dan Perjanjian Based on the Credit Agreement and Security
Jaminan No. 05 tanggal 26 Oktober 2021, Bank Agreement No. 05 dated October 26, 2021,
Panin setuju memberikan Fasilitas Pinjaman Bank Panin agreed to provide a Fixed Loan
Tetap XVIII dengan jumlah maksimum dana Facility XVIII with maximum fund amounting to
Rp800.000. Tanggal jatuh tempo adalah 30 Rp800,000. The loan’s maturity date is 30
(tiga puluh) bulan sejak tanggal penandatangan (thirty) months from the signing date of credit
perjanjian kredit dengan tingkat suku bunga agreement with interest rate at 6.25% per
sebesar 6,25% per tahun. annum.
Berdasarkan Surat No. 339/IBD/EXT/21 Based on Letter No. 339/IBD/EXT/21 dated
tanggal 29 Oktober 2021, Bank Panin setuju October 29, 2021, Bank Panin agreed to
untuk menyesuaikan kondisi tingkat suku readjust the condition of Fixed Loan Facility
bunga Fasilitas Pinjaman Tetap XVIII, tingkat XVIII interest rate, the interest rate at 6.00% per
suku bunga sebesar 6,00% per tahun untuk annum during the loan period for 24 (twenty
jangka waktu pinjaman selama 24 (dua puluh four) months, which remains valid for the period
empat) bulan yang berlaku tetap selama of Fixed Loan XVIII.
jangka waktu Pinjaman Tetap XVIII.
191 PT Bank Maybank Indonesia Tbk 2023 Annual Report 821
Page 824
822
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
(lanjutan) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
minimal sebesar 90,00% dari total pokok customers at 90.00% of the total amount of the
pinjaman dengan kategori piutang yang tidak outstanding loan with category day past due not
memiliki tunggakan lebih dari 90 (sembilan over than 90 (ninety) days, not secured to any
puluh) hari, tidak dalam keadaan dijaminkan third party, the object of financing should be
kepada pihak ketiga, objek pembiayaan harus covered by insurance, maintain maximum debt
diasuransikan, mempertahankan rasio utang to equity ratio of 10 (ten) times and maintain
terhadap ekuitas tidak melebihi 10 (sepuluh) maximum NPL ratio above 90 (ninety) days of
kali dan rasio NPL di atas 90 (sembilan puluh) 3.00%.
hari maksimal 3,00%.
Berdasarkan Perjanjian Kredit dan Perjanjian Based on the Credit Agreement and Security
Jaminan No. 18 tanggal 19 September 2022, Agreement No. 18 dated September 19, 2022,
Bank Panin setuju memberikan Fasilitas Bank Panin agreed to provide a Fixed Loan
Pinjaman Tetap XIX sebesar Rp800.000 yang Facility amounting to Rp800,000, which used as
digunakan sebagai modal kerja pembiayaan consumer finance working capital. The loan’s
konsumen. Tanggal jatuh tempo Fasilitas maturity date is 42 (forty two) months from the
Pinjaman Tetap XIX adalah 42 (empat puluh signing date of credit agreement.
dua) bulan sejak tanggal penandatangan
perjanjian kredit.
Pinjaman ini dikenakan tingkat suku bunga The loan bears interest rate at 6.25% per annum
sebesar 6,25% per tahun untuk jangka waktu during the loan period for 24 (twenty four)
pinjaman selama 24 (dua puluh empat) bulan months and 6.50% per annum during the loan
dan 6,50% per tahun untuk jangka waktu period for 36 (thirty six) months, which remains
pinjaman 36 (tiga puluh enam) bulan yang valid for the period of Fixed Loan XIX.
berlaku tetap selama jangka waktu Pinjaman
Tetap XIX.
Berdasarkan Surat No. 304/IBD/EXT/22 tanggal Based on Letter No. 304/IBD/EXT/22 dated
28 September 2022, Bank Panin menyesuaikan September 28, 2022, Bank Panin readjusted the
kondisi tingkat suku bunga Fasilitas Pinjaman condition of Fixed Loan Facility XIX interest rate,
Tetap XIX, tingkat suku bunga sebesar 6,50% the interest rate at 6.50% per annum during the
per tahun untuk jangka waktu pinjaman selama loan period for 24 (twenty four) months and
24 (dua puluh empat) bulan dan sebesar 6,75% 6.75% per annum during the loan period for 36
per tahun untuk jangka waktu pinjaman selama (thirty six) months, which remains valid for the
36 (tiga puluh enam) bulan yang berlaku tetap period of Fixed Loan XIX.
selama jangka waktu Pinjaman Tetap XIX.
Berdasarkan Surat No. 364/IBD/EXT/22 Based on Letter No. 364/IBD/EXT/22 dated
tanggal 5 Desember 2022, Bank Panin December 5, 2022, Bank Panin readjusted the
menyesuaikan kondisi tingkat suku bunga condition of Fixed Loan Facility XIX interest rate,
Fasilitas Pinjaman Tetap XIX, tingkat suku the interest rate at 7.25% per annum during the
bunga sebesar 7,25% per tahun untuk jangka loan period for 24 (twenty four) months and
waktu pinjaman selama 24 (dua puluh empat) 7.40% per annum during the loan period for 36
bulan dan sebesar 7,40% per tahun untuk (thirty six) months, which remains valid for the
jangka waktu pinjaman selama 36 (tiga puluh period of Fixed Loan XIX.
enam) bulan yang berlaku tetap selama jangka
waktu Pinjaman Tetap XIX.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 192
Page 825
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
(lanjutan) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Surat No. 031/IBD/EXT/23 Based on Letter No. 031/IBD/EXT/23 dated
tanggal 14 Februari 2023, Bank Panin February 14, 2023, Bank Panin readjust the
menyesuaikan kondisi tingkat suku bunga condition of Fixed Loan Facility XIX interest rate,
Fasilitas Pinjaman Tetap XIX, tingkat suku the interest rate at 7.25% per annum during the
bunga sebesar 7,25% per tahun untuk jangka loan period for 24 (twenty four) months and
waktu pinjaman selama 24 (dua puluh empat) 7.25% per annum during the loan period for 36
bulan dan sebesar 7,25% per tahun untuk (thirty six) months, which remain valid for the
jangka waktu pinjaman selama 36 (tiga puluh period of Fixed Loan XIX.
enam) bulan yang berlaku tetap selama jangka
waktu Pinjaman Tetap XIX.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from customers
bersih minimal sebesar 90,00% dari total at 90.00% of the total amount, not secured to
pokok pinjaman, tidak dalam keadaan any third party, maintain maximum debt to equity
dijaminkan kepada pihak ketiga manapun, ratio of 10 (ten) times and maintain maximum
mempertahankan rasio utang terhadap ekuitas NPL net ratio above 90 (ninety) days of 3.00%.
tidak melebihi 10 (sepuluh) kali dan rasio NPL
neto diatas 90 (sembilan puluh) hari maksimal
3,00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) masih memiliki fasilitas pinjaman yang still has unused loan facility from Bank Panin
belum digunakan dari Bank Panin sebesar amounting to Rp250,000 for Overdraft and
Rp250.000 untuk Fasilitas Rekening Koran Money Market Facility.
dan Money Market.
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan surat No. 094/IBD/EXT/21 tanggal Based on letter No. 094/IBD/EXT/21 dated March
22 Maret 2021, entitas anak memperoleh 22, 2021, the subsidiary obtained Fixed Loan
Fasilitas Pinjaman Tetap untuk modal kerja Facilities for working capital financing with total
pembiayaan dengan plafond fasilitas sebesar facility’s plafond amounted to Rp500,000 and this
Rp500.000 dan fasilitas ini akan jatuh tempo facility will mature within 42 months since the
dalam 42 bulan sejak tanggal Perjanjian Kredit. Credit Agreement date. The fund availability
Periode tersedianya dana adalah 6 bulan sejak period of this facility is 6 months after the Credit
tanggal Perjanjian Kredit dan entitas anak Agreement Date and the subsidiary is only able
hanya dapat melakukan penarikan dana selama to withdraw the fund within this period. The
periode ini. Jangka waktu pinjaman maksimal maximum loan period is 36 months and the
36 bulan dimana tanggal jatuh tempo masing- maturity date of each loan can not exceed the
masing pinjaman tidak boleh melebihi tanggal maturity date of this credit facility. Interest rate
jatuh tempo fasilitas. Tingkat suku bunga yang charged is 6.50% per annum.
dikenakan adalah sebesar 6,50% per tahun.
Fasilitas pinjaman ini dijamin dengan jaminan The loan facility is secured by fiduciary collateral
fidusia berupa piutang pembiayaan konsumen in the form of consumer finance receivables given
yang diberikan kepada pihak ketiga sebesar to the third parties at 50% of total principal
50% dari jumlah utang pokok fasilitas pinjaman. amount of the bank loan.
193 PT Bank Maybank Indonesia Tbk 2023 Annual Report 823
Page 826
824
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Pan Indonesia Tbk (Bank Panin) PT Bank Pan Indonesia Tbk (Bank Panin)
(lanjutan) (continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Berdasarkan surat No. 290/IBD/EXT/23 tanggal Based on letter No. 290/IBD/EXT/23 dated
24 Oktober 2023, Perusahaan memperoleh October 24, 2023, the Company obtained Fixed
Fasilitas Pinjaman Tetap untuk modal kerja Loan Facilities for financing source of fund with
pembiayaan dengan limit fasilitas sebesar total facility’s limit amounting to Rp1.000,000 and
Rp1.000.000 dan fasilitas ini akan jatuh tempo this facility will mature within 51 (fifty one) months
dalam 51 (lima puluh satu) bulan sejak tanggal since the Credit Agreement date. The availability
Perjanjian Kredit. Periode tersedianya dana period of this facility is 3 months after the Credit
adalah 3 bulan sejak tanggal Perjanjan Kredit Agreement Date and the Company is only able
dan Perusahaan hanya dapat melakukan to withdraw the fund within this period. The loan
penarikan dana selama periode ini. Jangka period is maximum 48 (forty eight) months where
waktu pinjaman maksimal 48 (empat puluh the maturity date of each loan can not exceed the
delapan) bulan dimana tanggal jatuh tempo maturity date of this loan facility. Interest rate
masing-masing pinjaman tidak boleh melebihi charged is 6.75% per annum.
tanggal jatuh tempo fasilitas. Tingkat suku
bunga yang dikenakan adalah sebesar 6,75%
per tahun.
Fasilitas pinjaman ini tidak menggunakan The facilities does not use collateral (clean
jaminan (clean basis). basis).
Selama periode pinjaman, MIF memiliki During the loan period, MIF has to comply with
kewajiban untuk menjaga gearing ratio the terms of the loan agreement are maintain
maksimal 8 (delapan) kali dari seluruh fasilitas gearing ratio maximum 8 (eight) times from credit
kredit yang diberikan oleh bank, memiliki Rasio facility given by bank, has Non Performing Loan
Non Performing Loan (piutang >90 hari) ratio (receivables >90 days) maximum 3% and
maksimal 3% dan mempertahankan porsi maintain the ownership of PT Bank Maybank
kepemilikan PT Bank Maybank Indonesia Tbk Indonesia Tbk at the subsidiary minimum 51%.
terhadap MIF minimal 51%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (MIF) still
(MIF) masih memiliki fasilitas pinjaman yang has unused loan facility from Bank Panin
belum digunakan dari Bank Panin sebesar amounting to Rp500,000.
Rp500.000.
PT Bank HSBC Indonesia (HSBC) PT Bank HSBC Indonesia (HSBC)
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. Based on the Credit Agreement No.
JAK/100450/U/00149781 tanggal 6 Oktober JAK/100450/U/00149781 dated October 6,
2010, HSBC setuju untuk memberikan Fasilitas 2010, HSBC agreed to provide Working Capital
Pinjaman Modal Kerja (Corporate Facility Loan Facility (Corporate Facility Agreement
Agreement (“CFA”)) dengan jumlah maksimum (“CFA”)) with maximum available fund
dana yang disediakan adalah sebesar amounting to Rp200,000, which was used for
Rp200.000 untuk keperluan pembiayaan motor vehicle financing. The loan bears interest
kendaraan roda dua. Pinjaman ini dikenakan rate at 10.25% per annum and will be fluctuated
tingkat suku bunga sebesar 10,25% per tahun based on Bank’s assessment.
dan akan berfluktuasi sesuai ketetapan Bank.
Pinjaman ini ditujukan untuk membiayai modal The purpose of this loan is to fund the
kerja jangka pendek entitas anak dan bersifat subsidiary’s short term working capital and
berulang. revolving basis.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 194
Page 827
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank HSBC Indonesia (HSBC) (lanjutan) PT Bank HSBC Indonesia (HSBC)
(continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Jangka waktu dari setiap pinjaman adalah Tenure of each loan is maximum 1 (one) year
maksimal 1 (satu) tahun terhitung sejak tanggal from disbursement date and each tranche
pencairan dan setiap tranche harus berjumlah should be in a minimum of Rp5,000 and
minimal sebesar Rp5.000 dan pinjaman pokok principal loan will be paid monthly.
dibayar secara bulanan.
Berdasarkan Surat Fasilitas Perbankan - Based on Letter of Banking Facility -
Tanggal Peninjauan Kembali Fasilitas No. Reconsideration Facility Date No.
JAK/190257/U/180823 tanggal 16 Mei 2019, JAK/190257/U/180823 dated May 16, 2019 this
fasilitas ini dapat ditinjau kembali setiap saat facility can be reconsidered at any time and in
dan dalam kondisi apapun dan fasilitas ini dapat any condition and this facility can be withdrawn
ditarik paling lambat tanggal 15 Juli 2019. not later than July 15, 2019. Up to the
Sampai dengan tanggal laporan keuangan, completion of the financial statements, the
fasilitas tersebut masih berlaku sesuai dengan facility is still valid according to Letter No.
Surat No. CDT/2020/03/0420 tanggal 9 Maret CDT/2020/03/0420 dated March 9, 2020.
2020.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer financing
bersih minimal sebesar 100,00% dari total receivables at 100.00% of the total amount of
plafon pinjaman dengan kategori piutang yang the loan with category day past due not over
tidak memiliki tunggakan lebih dari 90 (sembilan than 90 (ninety) days, not pledged to any third
puluh) hari, tidak dalam keadaan dijaminkan party, maintain maximum debt to equity ratio of
kepada pihak ketiga manapun juga, 10 times, and maintain maximum Non
mempertahankan rasio utang terhadap ekuitas Performing Loan (NPL) net ratio above 90
tidak melebihi 10 kali, serta mempertahankan (ninety) days of 3.00%.
rasio NPL neto di atas 90 (sembilan puluh) hari
maksimal 3,00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) tidak memiliki fasilitas pinjaman yang has no unused loan facility from HSBC.
belum digunakan dari HSBC.
Entitas anak (MIF) Subsidiary (MIF)
Pada tanggal 10 Oktober 2017, berdasarkan On October 10, 2017, based on letter No.
surat No. JAK/000369/U/00388874, entitas JAK/000369/U/00388874, the subsidiary (MIF)
anak (MIF) memperoleh perpanjangan dan obtained demand loan facility and additional
tambahan limit fasilitas pinjaman promes limit with total facility become Rp1,000,000 with
berulang dengan total limit fasilitas menjadi facility period of 1 (one) year until October 10,
Rp1.000.000 dengan jangka waktu 1 (satu) 2018. The facility agreement shall remain valid
tahun hingga 10 Oktober 2018. Perjanjian until all debt has fully discharged.The interest
pemberian fasilitas tetap berlaku pada rate is 6.10% per annum for maximum tenor of
perusahaan hingga seluruh hutang telah 3 (three) months.
dinyatakan lunas. Tingkat suku bunga adalah
6,10% per tahun untuk tenor pinjaman 3 (tiga)
bulan.
195 PT Bank Maybank Indonesia Tbk 2023 Annual Report 825
Page 828
826
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank HSBC Indonesia (HSBC) (lanjutan) PT Bank HSBC Indonesia (HSBC)
(continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Sampai dengan tanggal penyelesaian laporan Until the completion date of financial
keuangan, perpanjangan fasilitas pinjaman statements, the extension of demand loan
promes berulang dari HSBC masih dalam facility from HSBC is still on process.
proses.
Selama periode pinjaman, entitas anak memiliki During the loan period, the subsidiary has to
kewajiban agar piutang tidak memiliki maintain The receivables pledged has no
tunggakan bunga dan/atau angsuran pokok overdue of more than 90 (ninety) days and
lebih dari 90 (sembilan puluh) hari dan menjaga Maintain the composition of subsidiary
agar MBI tetap menjadi pemegang saham shareholders whereby MBI holds subsidiary
minimal 90% dari jumlah modal disetor dan share ownership at least 90% of issued and
ditempatkan. paid up capital.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (MIF) has
(MIF) masih memiliki fasilitas pinjaman yang unused loan facilities from Bank HSBC
belum digunakan dari Bank HSBC sebesar amounting to Rp300,000.
Rp300.000.
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan surat No. INT/07/0329/R tanggal Based on letter No. INT/07/0329/R dated
18 Agustus 2023, Entitas anak (MIF) August 18, 2023, Subsidiary (MIF) obtained
memperoleh Fasilitas Kredit Modal Kerja Working Capital Credit Facility to finance the
pembiayaan piutang kepada end user untuk working capital need for end user which
pembelian kendaraan bermotor roda empat includes consumer financing of brand new four-
khusus passenger kondisi baru buatan Jepang, wheeled vehicles which are limited to
Eropa dan Korea (khusus Hyundai) sebesar Japanese, European and Korean (Hyundai
Rp700.000 dengan jangka waktu pinjaman brand only) amounting to Rp700,000 with the
maksimum 48 (empat puluh delapan) bulan term of loan maximum 48 (forty eight) months
sejak penandatanganan perjanjian kredit dan after the agreement date and with the loan
dengan periode ketersediaan pinjaman selama availability period 12 (twelve) months.
12 (dua belas) bulan.
Fasilitas kredit ini dikenakan tingkat suku bunga The interest rate for this credit facility is 6.00%
sebesar 6,00% per tahun untuk tenor pinjaman per annum for maximum tenor of 36 (thirty six)
maksimal 36 (tiga puluh enam) bulan. months.
Fasilitas pinjaman ini dijamin dengan jaminan The loan facility is secured by fiduciary
fidusia berupa piutang pembiayaan konsumen collateral in the form of consumer finance
yang diberikan kepada pihak ketiga sebesar receivables given to the third parties at 50.00%
50,00% dari jumlah utang pokok fasilitas of total principal amount of the bank loan.
pinjaman. Selama periode pinjaman, entitas During the loan period, the subsidiary has to
anak wajib menjaga gearing ratio maksimal 8 maintaining gearing ratio maximum 8 (eight)
(delapan) kali serta Rasio Non Performing Loan times and Non Performing Loan ratio of
maksimal 3,00% dan mempertahankan porsi maximum 3.00% and maintaining the
kepemilikan PT Bank Maybank Indonesia Tbk ownership of PT Bank Maybank Indonesia Tbk
terhadap entitas anak minimal 51,00%. at the Company of minimum 51.00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (MIF) has
(MIF) masih memiliki fasilitas pinjaman yang unused loan facilities from Bank BNI amounting
belum digunakan dari Bank BNI sebesar to RpNil.
RpNihil.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 196
Page 829
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Digital BCA PT Bank Digital BCA
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 20 tanggal 8 Based on Credit Agreement No. 20 dated June
Juni 2023, Bank Digital BCA setuju untuk 8, 2023, Bank Digital BCA agreed to provide
memberikan Fasilitas Pinjaman Installment Installment Loan Facility with maximum
Loan dengan jumlah maksimum dana yang available fund amounting to Rp500,000, which
disediakan adalah sebesar Rp500.000 untuk will be used for consumer finance working
keperluan modal kerja pembiayaan konsumen. capital. Loan’s maturity date is 36 (thirty six)
Jangka waktu fasilitas ini adalah 36 (tiga puluh months with availability period 3 (three) months
enam) dengan availability period 3 (tiga) bulan from the signing date of credit agreement.
sejak akad kredit.
Pinjaman ini dikenakan tingkat suku bunga The loan bears interest rate at 7.25% per
sebesar 7,25% per tahun yang berlaku tetap annum, which remain valid for a period of
selama jangka waktu Fasilitas Kredit Installment Loan Facility.
Installment Loan.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer financing
bersih minimal sebesar 100,00% dari pinjaman receivables at 100.00% of the total amount of
yang belum dilunasi dengan kategori piutang the outstanding loan with category day past due
yang tidak memiliki tunggakan lebih dari 30 not over than 30 (thirty) days amounting to
(tiga puluh) hari sebesar Rp416.667, tidak Rp416,667, not secured to any third party and
dalam keadaan dijaminkan pada pihak ketiga also the object of financing should be covered
mana pun, mempertahankan rasio utang by insurance, maintain maximum debt to equity
terhadap ekuitas tidak melebihi 10 (sepuluh) ratio of 10 (ten) times, and maintain maximum
kali, serta mempertahankan rasio NPL di atas Non Performing Loan (NPL) gross ratio above
90 (sembilan puluh) hari dibawah 5,00%. 90 (ninety) days under 5.00%.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (WOM)
(WOM) telah menggunakan seluruh fasilitas has fully utilized the loan facility from Bank
pinjaman dari Bank Digital BCA untuk Fasilitas Digital BCA for Installment Loan Facility.
Kredit Installment Loan.
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan perjanjian Kredit dan Perjanjian Based on the Credit Agreement and Security
Jaminan No.43 tanggal 20 September 2019, Agreement No.43 dated September 20, 2019,
Bank Mandiri setuju memberikan Fasilitas Bank Mandiri agreed to provide a Working
Pinjaman Kredit Modal Kerja kepada entitas Capital Loan Facility to subsidiary (WOM) which
anak (WOM) dengan jumlah maksimum maximum amounting to Rp500,000 which was
sebesar Rp500.000 yang digunakan sebagai used as working capital for consumer financing.
modal kerja pembiayaan konsumen. Tanggal The maturity date of Working Capital Loan
jatuh tempo Fasilitas Pinjaman Kredit Modal Facility is 12 (twelve) months from the signing
Kerja adalah 12 (dua belas) bulan sejak tanggal date.
penandatanganan.
Pinjaman ini dikenakan tingkat suku bunga This loan bears an interest rates 9.00% per
sebesar 9,00% per tahun untuk jangka waktu annum, during the loan period for 36 (thirty six)
pinjaman sebesar 36 (tiga puluh enam) bulan months, which remain valid for a period of
yang berlaku tetap selama jangka waktu Working Capital Loan Facility.
Pinjaman Kredit Modal Kerja.
197 PT Bank Maybank Indonesia Tbk 2023 Annual Report 827
Page 830
828
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer financing
bersih minimal sebesar 100,00% dari total receivables at 100.00% of the total amount of
pokok pinjaman dengan kategori piutang yang the outstanding loan with category day past due
tidak memiliki tunggakan lebih dari 90 (sembilan not over than 90 (ninety) days, not secured to
puluh) hari, tidak dalam keadaan dijaminkan any third party and also the object of financing
kepada pihak ketiga manapun juga serta objek should be covered by insurance, maintain
pembiayaan harus diasuransikan maximum debt to equity ratio of 10 times, and
mempertahankan rasio utang terhadap ekuitas maintain maximum Non Performing Loan
tidak melebihi 10 kali, serta rasio Non (“NPL”) ratio above 90 (ninety) days of 5.00%.
Performing Loan (“NPL”) di atas 90 (sembilan
puluh) hari maksimal 5,00%.
Berdasarkan Perjanjian Kredit dan Perjanjian Based on the Credit Agreement and Security
Jaminan No.56 tanggal 25 November 2020, Agreement No.56 dated November 25, 2020,
Bank Mandiri setuju memberikan Fasilitas Bank Mandiri agreed to provide a Working
Pinjaman Kredit Modal Kerja dengan jumlah Capital Loan Facility which maximum available
maksimum dana yang disediakan sebesar fund amounting Rp250,000. The maturity date
Rp250.000. Tanggal jatuh tempo Fasilitas of Working Capital Loan Facility is 60 (sixty)
Pinjaman Kredit Modal Kerja adalah 60 (enam month from the signing date of Credit
puluh) bulan sejak tanggal penandatanganan Agreement. This loan bears an interest rates
perjanjian kredit. Pinjaman ini dikenakan tingkat 8.50% per annum, during the loan period for 12
suku bunga sebesar 8,50% per tahun untuk (twelve) months until 48 (forty eight) months
jangka waktu pinjaman selama 12 (dua belas) which remain valid for a period of Working
sampai 48 (empat puluh delapan) bulan yang Capital Loan Facility.
berlaku tetap selama jagka waktu Pinjaman
Kredit Modal Kerja.
Berdasarkan Surat No. CMB.CM5/MTA.0210/ Based on Letter No. CMB.CM5/MTA.0210/
2021 tanggal 22 Maret 2021, Bank Mandiri 2021 dated March 22, 2021, Bank Mandiri
setuju untuk menyesuaikan kondisi tingkat suku agreed to adjust the condition of Working
bunga Fasilitas Kredit Modal Kerja, tingkat suku Capital Loan Facility interest rate at 7.50% per
bunga sebesar 7,50% per tahun selama 12 (dua annum, during the loan period for 12 (twelve)
belas) sampai 48 (empat puluh delapan) bulan months until 48 (forty eight) months which
yang berlaku tetap selama jangka waktu remain valid for a period of Working Capital
Pinjaman Kredit Modal Kerja. Loan Facility.
Berdasarkan surat No. Based on Letter No. CMB.CM5/MTA.564/2021
CMB.CM5/MTA.564/2021 tanggal 12 Agustus dated August 12, 2021, Bank Mandiri agreed to
2021, Bank Mandiri setuju untuk kembali adjust the condition of Working Capital Loan
menyesuaikan kondisi tingkat suku bunga Facility interest rate, the interest rate at 7.00%
Fasilitas Kredit Modal Kerja, tingkat suku bunga per annum, during the loan period for 12
sebesar 7,00% per tahun untuk jangka waktu (twelve) months until 48 (forty eight) months
pinjaman selama 12 (dua belas) sampai 48 which remain valid for a period of Working
(empat puluh delapan) bulan yang berlaku tetap Capital Loan Facility.
selama jangka waktu Pinjaman Kredit Modal
Kerja.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 198
Page 831
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
bersih minimal sebesar 100,00% dari total customers at 100.00% of the total amount of the
pokok pinjaman dengan kategori piutang yang outstanding loan with category day past due
tidak memiliki tunggakan kurang dari 90 less than 90 (ninety) days, not secured to any
(sembilan puluh) hari, tidak dijaminkan kepada third party and also the object of financing
pihak ketiga manapun juga serta objek should be covered by insurance, maintain
pembiayaan harus diasuransikan maximum debt to equity ratio of 10 (ten) times,
mempertahankan rasio utang terhadap ekuitas and maintain maximum NPL ratio above 90
tidak melebihi 10 (sepuluh) kali, serta rasio NPL (ninety) days of 5.00%.
di atas 90 (sembilan puluh) hari maksimal
5,00%.
Berdasarkan Perjanjian Kredit dan Perjanjian Based on the Credit Agreement and Security
Jaminan No. 34 tanggal 24 September 2021, Agreement No. 34 dated September 24, 2021,
Bank Mandiri setuju memberikan Fasilitas Bank Mandiri agreed to provide a Working
Pinjaman Kredit Modal Kerja dengan jumlah Capital Loan Facility which maximum
maksimum sebesar Rp250.000 untuk modal amounting Rp250,000 which was used for
kerja pembiayaan konsumen. Tanggal jatuh working capital for consumer financing. The
tempo Fasilitas Pinjaman Kredit Modal Kerja maturity date of Working Capital Loan Facility is
adalah 50 (lima puluh) bulan sejak tanggal 50 (fifty) months from the signing date of Credit
penandatanganan Perjanjian Kredit dengan Agreement with interest rates 7.00% per
tingkat suku bunga sebesar 7,00% per tahun annum, during for 12 (twelve) months until 48
selama 12 (dua belas) sampai 48 (empat puluh (forty eight) months which remain valid for a
delapan) bulan yang berlaku tetap selama period of Working Capital Loan Facility.
jangka waktu Pinjaman Kredit Modal Kerja.
Berdasarkan Surat No. Based on Letter No.
CMB.CM5/MTA.0708/2021 tanggal 27 CMB.CM5/MTA.0708/2021 dated September
September 2021, Bank Mandiri setuju untuk 27, 2021, Bank Mandiri agreed to adjust the
menyesuaikan kondisi tingkat suku bunga condition of Working Capital Loan Facility
Fasilitas Kredit Modal Kerja sebesar 6,50% per interest rate at 6.50% per annum during for 12
tahun selama 12 (dua belas) sampai 36 (tiga (twelve) months until 36 (thirty six) months and
puluh enam) bulan dan 7,00% per tahun selama 7.00% per annum during for 48 (forty eight)
48 (empat puluh delapan) bulan yang berlaku months which remain valid for a period of
tetap selama jangka waktu Pinjaman Kredit Working Capital Loan Facility.
Modal Kerja.
199 PT Bank Maybank Indonesia Tbk 2023 Annual Report 829
Page 832
830
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
bersih minimal sebesar 100,00% dari total customers at 100.00% of the total amount of the
pokok pinjaman dengan kategori piutang yang outstanding loan with category day past due
tidak memiliki tunggakan kurang dari 90 less than 90 (ninety) days, not secured to any
(sembilan puluh) hari, tidak dijaminkan kepada third party and also the object of financing
pihak ketiga manapun juga serta objek should be covered by insurance, maintain
pembiayaan harus diasuransikan maximum debt to equity ratio of 10 (ten) times,
mempertahankan rasio utang terhadap ekuitas and maintain maximum NPL ratio above 90
tidak melebihi 10 (sepuluh) kali, serta rasio NPL (ninety) days of 5.00%.
di atas 90 (sembilan puluh) hari maksimal
5,00%.
Berdasarkan Perjanjian Kredit Modal Kerja No. Based on the Working Capital Credit
34 tanggal 16 Juni 2022, Bank Mandiri setuju Agreement No. 34 dated June 16, 2022, Bank
memberikan Fasilitas Pinjaman Kredit Modal Mandiri agreed to provide a Working Capital
Kerja sebesar Rp500.000. Tanggal jatuh tempo Loan amounting to Rp500,000. The maturity
Fasilitas Pinjaman Kredit Modal Kerja adalah 60 date of Working Capital Loan Facility is 60
(enam puluh) bulan sejak tanggal (sixty) months from the signing date of Credit.
penandatanganan Perjanjian Kredit.
Pinjaman ini dikenakan tingkat suku bunga The loan bears an interest rate of 6.50% per
sebesar 6,50% per tahun untuk jangka waktu annum for a loan period of 12 (twelve) to 36
pinjaman selama 12 (dua belas) bulan sampai (thirty six) months and 7.00% for a loan period
36 (tiga puluh enam) bulan dan sebesar 7,00% of more than 36 (thirty six) to 48 (forty eight)
untuk jangka waktu pinjaman lebih dari 36 (tiga months which remain valid for a period of
puluh enam) bulan sampai 48 (empat puluh Working Capital Credit Loan.
delapan) bulan yang berlaku tetap selama
jangka waktu Pinjaman Kredit Modal Kerja.
Berdasarkan Surat No.CMB.CM5/MTA.674/ Based on Letter No. CMB.CM5/MTA.674/2022
2022 tanggal 27 Juli 2022, Bank Mandiri dated July 27, 2022, Bank Mandiri adjust the
menyesuaikan kondisi tingkat suku bunga condition of Working Capital Loan Facility
Fasilitas Kredit Modal Kerja, tingkat suku bunga interest rate, the interest rate at 6.50% per
sebesar 6,50% per tahun untuk jangka waktu annum, during the loan period for 12 (twelve)
pinjaman selama 12 (dua belas) bulan sampai months until 24 (twenty four) months and 7.50%
24 (dua puluh empat) bulan dan 7,50% per per annum, during the loan period for 36 (thirty
tahun untuk jangka waktu pinjaman selama 36 six) months until 48 (forty eight) months which
(tiga puluh enam) bulan sampai 48 (empat puluh remain valid for a period of Working Capital
delapan) bulan yang berlaku tetap selama Loan Facility.
jangka waktu Pinjaman Kredit Modal Kerja.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 200
Page 833
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Surat No. Based on Letter No. CMB.CM5/MTA.697/2022
CMB.CM5/MTA.697/2022 tanggal 8 Agustus dated August 8, 2022, Bank Mandiri adjust the
2022, Bank Mandiri menyesuaikan kondisi condition of Working Capital Loan Facility
tingkat suku bunga Fasilitas Kredit Modal Kerja, interest rate, the interest rate at 6.00% per
tingkat suku bunga sebesar 6,00% per tahun annum, during the loan period for 12 (twelve)
untuk jangka waktu pinjaman selama 12 (dua months until 24 (twenty four) months and 7.00%
belas) bulan sampai 24 (dua puluh empat) bulan per annum, during the loan period for 36 (thirty
dan 7,00% per tahun untuk jangka waktu six) until 48 (forty eight) months which remain
pinjaman selama 36 (tiga puluh enam) bulan valid for a period of Working Capital Loan
sampai 48 (empat puluh delapan) bulan yang Facility.
berlaku tetap selama jangka waktu Pinjaman
Kredit Modal Kerja.
Berdasarkan Surat No. Based on Letter No.
CMB.CM5/MFD.0056/2022 tanggal 5 CMB.CM5/MFD.0056/2022 dated December 5,
Desember 2022, Bank Mandiri menyesuaikan 2022, Bank Mandiri adjust the condition of
kondisi tingkat suku bunga Fasilitas Kredit Working Capital Loan Facility interest rate, the
Modal Kerja, tingkat suku bunga sebesar 7,50% interest rate at 7.50% per annum, during the
per tahun untuk jangka waktu pinjaman selama loan period for 12 (twelve) months until 24
12 (dua belas) bulan sampai 24 (dua puluh (twenty four) months and 7.75% per annum,
empat) bulan dan 7,75% per tahun untuk jangka during the loan period for 36 (thirty six) until 48
waktu pinjaman selama 36 (tiga puluh enam) (forty eight) months which remain valid for a
bulan sampai 48 (empat puluh delapan) bulan period of Working Capital Loan Facility.
yang berlaku tetap selama jangka waktu
Pinjaman Kredit Modal Kerja.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net consumer financing
bersih minimal sebesar 100,00% dari total receivables at 100.00% of the total amount of
pokok pinjaman, tidak dalam keadaan the outstanding loan, not secured to any third
dijaminkan kepada pihak ketiga manapun, party, maintain maximum debt to equity ratio of
mempertahankan rasio utang terhadap ekuitas 10 (ten) times, and maintain maximum NPL net
tidak melebihi 10 (sepuluh) kali, serta rasio NPL ratio above 90 (ninety) days of 5.00%.
neto di atas 90 (sembilan puluh) hari maksimal
5,00%.
Berdasarkan Perjanjian Kredit Jangka Pendek Based on the Short Term Credit Agreement No.
No. 35 tanggal 16 Juni 2022, Bank Mandiri 35 dated June 16, 2022, Bank Mandiri agreed
setuju memberikan Fasilitas Pinjaman Kredit to provide a Short Term Loan Facility which
Jangka Pendek dengan jumlah maksimum dana maximum available fund amounting Rp100,000
yang disediakan sebesar Rp100.000 yang which was used for working capital for
digunakan sebagai modal kerja pembiayaan consumer financing. The maturity date of Short
konsumen. Tanggal jatuh tempo Fasilitas Term Loan Facility is 12 (twelve) months from
Pinjaman Kredit Jangka Pendek adalah 12 (dua the signing date of Credit Agreement.
belas) bulan sejak tanggal penandatanganan
Perjanjian Kredit.
Pinjaman ini dikenakan tingkat suku bunga yang The loan bears an interest rate that will be
akan ditetapkan pada saat penarikan Pinjaman determined at the time of withdrawal of the
Jangka Pendek. Short Term Loan.
201 PT Bank Maybank Indonesia Tbk 2023 Annual Report 831
Page 834
832
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Adendum I No. Based on the I Amendment No.
WCO.KP/302/KJP/2022 tanggal 16 Juni 2023, WCO.KP/302/KJP/2022 dated June 16, 2023,
Bank Mandiri setuju untuk untuk Bank Mandiri agreed to extend the term of the
memperpanjang jangka waktu fasilitas kredit credit facility until June 15, 2024.
sampai dengan tanggal 15 Juni 2024.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net consumer financing
bersih minimal sebesar 100,00% dari total receivables at 100.00% of the total amount of
pokok pinjaman, tidak dalam keadaan the outstanding loan, not secured to any third
dijaminkan kepada pihak ketiga manapun, party, maintain maximum debt to equity ratio of
mempertahankan rasio utang terhadap ekuitas 10 (ten) times, and maintain maximum NPL net
tidak melebihi 10 (sepuluh) kali, serta rasio NPL ratio above 90 (ninety) days of 5.00%.
neto di atas 90 (sembilan puluh) hari maksimal
5,00%.
Berdasarkan Perjanjian Kredit Modal Kerja No. Based on the Working Capital Credit
167 tanggal 26 Juli 2023, Bank Mandiri setuju Agreement No. 167 dated July 26, 2023, Bank
memberikan Fasilitas Pinjaman Kredit Modal Mandiri agreed to provide a Working Capital
Kerja sebesar Rp500.000. Tanggal jatuh tempo Loan Facility amounting to Rp500,000. The
Fasilitas adalah 60 (enam puluh) bulan sejak maturity date is 60 (sixty) months from the
tanggal penandatanganan Perjanjian Kredit. signing date of Credit Agreement.
Pinjaman ini dikenakan tingkat suku bunga This loan bears an interest rate of 7.10% per
sebesar 7,10% per tahun untuk jangka waktu year for a loan term of 12 (twelve) months,
pinjaman selama 12 (dua belas) bulan, sebesar 7.25% for a loan term of more than 12 (twelve)
7,25% untuk jangka waktu pinjaman lebih dari months up to 24 (twenty four) months,
12 (dua belas) bulan sampai dengan 24 (dua amounting to 7.35% for loan terms of more than
puluh empat) bulan, sebesar 7,35% untuk 24 (twenty four) months up to 36 (thirty six) and
jangka waktu pinjaman lebih dari 24 (dua puluh 7.60% for loan terms of more than 36 (thirty six)
empat) bulan sampai dengan 36 (tiga puluh months up to 48 (forty eight) months which
enam) bulan dan sebesar 7,60% untuk jangka remains valid for the term of the Working
waktu pinjaman lebih dari 36 (tiga puluh enam) Capital Credit Loan.
bulan sampai dengan 48 (empat puluh delapan)
bulan yang berlaku tetap selama jangka waktu
Pinjaman Kredit Modal Kerja.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary’s receivables from customers
minimal sebesar 100,00% dari total pokok, tidak at 100.00% of the total amount of the
dalam keadaan dijaminkan, mempertahankan outstanding loan, not secured to any third party,
rasio utang terhadap ekuitas tidak melebihi 10 maintain maximum debt to equity ratio of 10
(sepuluh) kali dan rasio NPL neto di atas 90 (ten) times and maintain maximum NPL net
(sembilan puluh) hari maksimal 5,00%. ratio above 90 (ninety) days of 5.00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Entitas anak (WOM)
(WOM) masih memiliki fasilitas pinjaman yang still has the unused loan facility from Bank
belum digunakan dari Bank Mandiri sebesar Mandiri amounting to Rp500,000 for Working
Rp500.000 untuk Fasilitas Kredit Modal Kerja Capital Loan Facility and Rp100,000 for Short
dan Rp100.000 untuk Fasilitas Kredit Jangka Term Loan Facilities.
Pendek.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 202
Page 835
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan Surat Penawaran Kredit No. Based on Letter of Credit Offering No.
CMB.CM5/MTA.0856/2021 tanggal 25 CMB.CM5/MTA.0856/2021 dated November
November 2021, Entitas anak (MIF) 25, 2021, Subsidiary (MIF) obtained Short-
memperoleh Fasilitas Kredit Jangka Pendek Term Loan Facility to finance working capital
untuk membiayai kebutuhan modal kerja atau needs or short-term cash flow gaps/deficits.
gap/defisit arus kas jangka pendek. Limit The loan facility amounting to Rp600,000 with
fasilitas pinjaman sebesar Rp600.000 dengan drawdown period from December 19, 2021 to
jangka waktu pinjaman dari tanggal 19 December 18, 2022. The interest rate will be
Desember 2021 sampai dengan 18 Desember determined at the time of the loan withdrawal.
2022. Suku bunga ditetapkan pada saat The loan can be withdrawn at once or several
penarikan kredit. Pinjaman dana ditarik times with a minimum withdrawal of Rp10,000
sekaligus atau beberapa kali dengan minimal with a tenor per withdrawal at maximum 30
penarikan Rp10.000 dengan tenor per days.
penarikan maksimum 30 hari.
Berdasarkan Surat Penawaran Kredit No. Based on Letter of Credit Offering No.
CMB.CM5/MFD.0046/2022 tanggal 28 CMB.CM5/MFD.0046/2022 dated November
November 2022, Entitas anak (MIF) 28, 2022, Subsidiary (MIF) obtained Short-
memperoleh Fasilitas Kredit Jangka Pendek Term Loan Facility amounting to Rp600,000
untuk membiayai kebutuhan modal kerja atau with drawdown period from December 19, 2022
gap/defisit arus kas jangka pendek. Limit to December 18, 2023. The interest rate will be
fasilitas pinjaman sebesar Rp600.000 dengan determined at the time of the loan withdrawal.
jangka waktu pinjaman dari tanggal 19
Desember 2022 sampai dengan 18 Desember
2023. Suku bunga ditetapkan pada saat
penarikan kredit.
Berdasarkan Surat Penawaran Kredit No. Based on Letter of Credit Offering No.
CMB.CM5/MFD.0550/SPPK/2023 tanggal 8 CMB.CM5/MFD.0550/SPPK/2023 dated
Desember 2023, Entitas anak (MIF) December 8, 2023, Subsidiary (MIF) obtained
memperoleh Fasilitas Kredit Jangka Pendek Short-Term Loan Facility amounting to
untuk membiayai kebutuhan modal kerja atau Rp600,000 with drawdown period from
gap/defisit arus kas jangka pendek. Limit December 19, 2023 to December 18, 2024. The
fasilitas pinjaman sebesar Rp600.000 dengan interest rate will be determined at the time of the
jangka waktu pinjaman dari tanggal 19 loan withdrawal.
Desember 2023 sampai dengan 18 Desember
2024. Suku bunga ditetapkan pada saat
penarikan kredit.
Selama periode pinjaman, entitas anak memiliki During the loan period, the subsidiary has to
kewajiban menjaga kecukupan piutang maintain consumer financing receivables
pembiayaan konsumen sebesar 50% dari adequacy of 50% of the total amount of the
jumlah fasilitas pinjaman, memastikan piutang outstanding bank loan, maintain that consumer
pembiayaan konsumen yang dijaminkan tidak financing receivables are not overdue more
memiliki tunggakan lebih dari 90 (Sembilan than 90 (ninety) days and maintain Gearing
puluh) hari, menjaga Gearing Ratio maksimal Ratio maximum 10 (ten) times.
sebesar 10 (sepuluh) kali.
203 PT Bank Maybank Indonesia Tbk 2023 Annual Report 833
Page 836
834
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Fasilitas pinjaman ini dijaminkan dengan The facilities are secured by fiduciary collateral
jaminan fidusia berupa piutang pembiayaan in the form of consumer financing receivables
konsumen yang diberikan kepada pihak ketiga given to third party of about 50.00% of total
sebesar 50,00% dari jumlah utang pokok principal amount of bank loan facility.
fasilitas pinjaman.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (MIF) still
(MIF) masih memiliki fasilitas pinjaman yang has unused loan facility from Bank Mandiri
belum digunakan dari Bank Mandiri sebesar amounting to Rp600,000.
Rp600.000.
PT Bank Victoria International Tbk PT Bank Victoria International Tbk
Entitas anak (MIF) Subsidiary (MIF)
Pada tanggal 26 Februari 2021, berdasarkan On February 26, 2021, based on letter No.
surat No. 042/SKM-KPP/VIC/II/21, Entitas anak 042/SKM-KPP/VIC/II/21, Subsidiary (MIF)
(MIF) memperoleh Fasilitas Kredit Jangka obtained Demand Loan Facility amounting to
Pendek untuk membiayai kebutuhan modal Rp300,000 with loan period until March 25,
kerja. Limit fasilitas pinjaman sebesar 2022.
Rp300.000 dengan jangka waktu pinjaman
hingga 25 Maret 2022.
Pada tanggal 7 Maret 2022, berdasarkan surat On March 7, 2022, based on letter No.
No. 036/SKM-KPP/VIC/III/22, Entitas anak 036/SKM-KPP/VIC/III/22, Subsidiary (MIF)
(MIF) memperoleh Fasilitas Kredit Jangka obtained Demand Loan Facility amounting to
Pendek untuk membiayai kebutuhan modal Rp300,000 with loan period until March 25,
kerja. Limit fasilitas pinjaman sebesar 2023.
Rp300.000 dengan jangka waktu pinjaman
hingga 25 Maret 2023.
Pada tanggal 13 Maret 2023, berdasarkan surat On March 13, 2023, based on letter No.
No. 045/SKM-KPP/VIC/III/23, Entitas anak 045/SKM-KPP/VIC/III/23, Subsidiary (MIF)
(MIF) memperoleh Fasilitas Kredit Jangka obtained Demand Loan Facility amounting to
Pendek untuk membiayai kebutuhan modal Rp500,000 with loan period until March 25,
kerja. Limit fasilitas pinjaman sebesar 2024.
Rp500.000 dengan jangka waktu pinjaman
hingga 25 Maret 2024.
Pinjaman ini dijamin dengan piutang This loan facility is secured by subsidiary’s
pembiayaan konsumen entitas anak sebesar consumer financing receivables which is
50,00% dari jumlah utang pokok fasilitas amounted to 50.00% of the principal amount of
pinjaman promes berulang. Piutang yang the bank loan facility for demand loan.
dijaminkan adalah piutang lancar yang tidak Receivables which was pledged are current
memiliki tunggakan bunga dan/atau angsuran receivable which have no interest and/or
pokok lebih dari 90 (sembilan puluh) hari. installment payment deliquency of more than 90
Selama periode pinjaman, entitas anak harus (ninety) days. During the period of loan, the
menjaga agar PT Bank Maybank Indonesia Tbk subsidiary have to maintain PT Bank Maybank
tetap menjadi pemegang saham minimal Indonesia Tbk as a shareholder with minimum
51,10% dari jumlah modal disetor dan 51.10% of total issued and fully paid capital.
ditempatkan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 204
Page 837
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Victoria International Tbk (lanjutan) PT Bank Victoria International Tbk
(continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (MIF) has
(MIF) masih memiliki fasilitas pinjaman yang unused loan facilities from Bank Victoria
belum digunakan dari Bank Victoria sebesar amounting to Rp200,000.
Rp200.000.
PT Bank Maspion Indonesia Tbk PT Bank Maspion Indonesia Tbk
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 18 tanggal 8 Based on Credit Agreement No. 18 dated June
Juni 2023, Bank Maspion setuju untuk 8, 2023, Bank Maspion agreed to provide Fixed
memberikan Fasilitas Pinjaman Fixed Loan Loan Sliding (FLS) Facility with maximum
Sliding (FLS) dengan jumlah maksimum dana available fund amounting to Rp295,000, which
yang disediakan adalah sebesar Rp295.000 will be used for consumer finance working
untuk keperluan modal kerja pembiayaan capital. Loan’s maturity date is 12 (twelve) until
konsumen. Jangka waktu fasilitas ini adalah 12 36 (thirty six) months with availability period 12
(dua belas) bulan sampai dengan 36 (tiga puluh (twelve) months from the signing date of credit
enam) bulan dengan availability period 12 (dua agreement.
belas) bulan sejak akad kredit.
Pinjaman ini dikenakan tingkat suku bunga The loan bears interest rate at 7.25% per
sebesar 7,25% per tahun yang berlaku tetap annum, which remain valid for a period of Fixed
selama jangka waktu Fasilitas Kredit Fixed Loan Sliding (FLS) Facility.
Loan Sliding (FLS).
Berdasarkan Surat No. Based on Letter No.
322/Memo/Corp.JKT/VIII/2023 tanggal 4 322/Memo/Corp.JKT/VIII/2023 dated August 4,
Agustus 2023, Bank Maspion setuju untuk 2023, Bank Maspion agreed to adjust the
menyesuaikan kondisi tingkat suku bunga condition of Fixed Loan Sliding (FLS) interest
Fasilitas Fixed Loan Sliding (FLS), tingkat suku rate, the interest rate at 7.00% per annum
bunga sebesar 7,00% per tahun untuk jangka during the loan period for 36 (thirty six) months,
waktu pinjaman selama 36 (tiga puluh enam) which remains valid for the period of Fixed Loan
bulan yang berlaku tetap selama jangka waktu Sliding (FLS) Facility.
Fasilitas Fixed Loan Sliding (FLS).
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer financing
bersih minimal sebesar 80,00% dari pinjaman receivables at 80.00% of the total amount of the
yang belum dilunasi dengan kategori piutang outstanding loan with category day past due not
yang tidak memiliki tunggakan lebih dari 30 (tiga over than 30 (thirty) days, not secured to any
puluh) hari, tidak dalam keadaan dijaminkan third party, maintain maximum debt to equity
pada pihak ketiga mana pun, mempertahankan ratio of 8 times, and maintain maximum Non
rasio utang terhadap ekuitas tidak melebihi 8 Performing Loan (NPL) ratio above 90 (ninety)
kali, serta mempertahankan rasio NPL di atas days of 5.00%.
90 (sembilan puluh) hari maksimal 5,00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) sudah tidak memiliki Fasilitas Pinjaman does not have unused loan facilities from Bank
yang belum digunakan dari Bank Maspion. Maspion.
205 PT Bank Maybank Indonesia Tbk 2023 Annual Report 835
Page 838
836
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank KEB Hana Indonesia PT Bank KEB Hana Indonesia
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit dan Pengakuan Based on the Credit Agreement and
Hutang No. 53 tanggal 10 Mei 2019, KEB Hana Acknowledgment of Debt No. 53 dated May 10,
setuju untuk memberikan Fasilitas Kredit 2019, KEB Hana agreed to provide the Money
Money Market Line (Uncommitted) dengan Market Line (Uncommitted) Credit Facility with
jumlah maksimum dana yang disediakan maximum amount of Rp100,000. The maturity
adalah sebesar Rp100.000. Tanggal jatuh of facility is 1 (one) year from signing date of
tempo fasilitas ini adalah 1 (satu) tahun sejak credit agreement.
tanggal penandatanganan perjanjian kredit.
Berdasarkan Perjanjian Kredit No. Based on Credit Agreement No. 355/PK/2021
355/PK/2021 tanggal 19 Mei 2021, KEB Hana dated May 19, 2021, KEB Hana agreed to
setuju untuk memperpanjang Fasilitas Kredit extend the Money Market Line (Uncommitted)
Money Market Line (Uncommitted) dengan Credit Facility with maximum amount of
jumlah maksimum dana yang disediakan Rp100,000 which matured on May 23, 2022.
adalah sebesar Rp100.000 yang telah jatuh
tempo pada tanggal 23 Mei 2022.
Berdasarkan Akta Perubahan Perjanjian Kredit Based on the Amendment of the Credit
No. 47 tanggal 10 Maret 2022, KEB Hana setuju Agreement No. 47 dated March 10, 2022, KEB
untuk memperpanjang Fasilitas Kredit Money Hana agreed to extend the Money Market Line
Market Line (Uncommitted) dengan jumlah (Uncommitted) Credit Facility with maximum
maksimum dana yang disediakan adalah amount of Rp100,000 which matured on May
sebesar Rp100.000 yang telah jatuh tempo 23, 2023.
pada tanggal 23 Mei 2023.
Berdasarkan Surat No. 35/005/CBM tanggal 2 Based on letter No. 35/005/CBM dated
Februari 2023, Entitas anak (WOM) sudah tidak February 2, 2023, Subsidiary (WOM) has no
memiliki kewajiban untuk Fasilitas Kredit Money obligations for the Money Market Line
Market Line (Uncommitted) yang sudah (Uncommitted) Credit Facility which has been
dilunaskan atau diselesaikan dengan baik pada paid or settled properly on January 19, 2023.
tanggal 19 Januari 2023.
Berdasarkan Akta Perubahan Perjanjian Kredit Based on the amandment of the Credit
No. 47 tanggal 10 Maret 2022, KEB Hana setuju Agreement No.47 dated March 10, 2022, KEB
memberikan Fasilitas Kredit Working Capital Hana agreed to provide the Working Capital
Installment (WCI) VII sebesar Rp250.000. Installment (WCI) VII Credit Facility with
Tanggal jatuh tempo fasilitas ini adalah 3 (tiga) maximum amount of Rp250,000. The maturity
tahun sejak tanggal pencairan kredit ditambah of facility is 3 (three) years from the credit
dengan availability period selama 3 (tiga) bulan withdrawal date and availability period of 3
sejak tanggal penandatanganan perjanjian (three) months from signing date of credit
kredit. agreement.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 206
Page 839
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank KEB Hana Indonesia (lanjutan) PT Bank KEB Hana Indonesia (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Pinjaman ini dikenakan tingkat suku bunga The loan bears an interest rates 6.00% per
sebesar 6,00% per tahun dengan jaminan annum, and is secured with consumer financing
berupa piutang pembiayaan konsumen sebesar receivables of 100.00% of the amount of credit
100,00% dari jumlah pokok fasilitas kredit facility with category day past due not over than
dengan kategori piutang yang tidak memiliki 90 (ninety) days amounting Rp250,000,
tunggakan lebih dari 90 (sembilan puluh) hari maintain maximum the Gearing Ratio of 8 times,
sebesar Rp250.000, mempertahankan Gearing and maintain maximum NPL net ratio above 90
Ratio tidak melebihi 8 kali, dan (ninety) days of 3.00%.
mempertahankan rasio NPL neto diatas 90
(sembilan puluh) hari maksimal 3,00%.
Berdasarkan Akta Perubahan Perjanjian Kredit Based on the Amendment of the Credit
No. 117 tanggal 19 Januari 2023, KEB Hana Agreement No. 117 dated January 19, 2023,
setuju memberikan Fasilitas Kredit Working KEB Hana agreed to provide the Working
Capital Installment (WCI) II sebesar Rp150.000. Capital Installment (WCI) II Credit Facility
Tanggal jatuh tempo fasilitas ini adalah 3 (tiga) amounted to Rp150,000. The maturity of facility
tahun sejak tanggal pencairan kredit dengan is 3 (three) years from the credit withdrawal date
tingkat suku bunga sebesar 7,25% per tahun. witht an interest rates 7.25% per annum. It is
Jaminan berupa piutang pembiayaan secured with consumer financing receivables of
konsumen sebesar 100,00% dari jumlah pokok 100.00% of the amount of credit facility with
fasilitas kredit dengan kategori piutang yang category day past due not over than 90 (ninety)
tidak memiliki tunggakan lebih dari 90 (sembilan days, maintain maximum the Gearing Ratio of 8
puluh) hari, mempertahankan Gearing Ratio times, and maintain maximum NPL net ratio
tidak melebihi 8 kali, dan mempertahankan above 90 (ninety) days of 3.00%.
rasio NPL neto di atas 90 (sembilan puluh) hari
maksimal 3,00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) sudah menggunakan semua fasilitas has fully utilized the loan facility from KEB Hana.
pinjaman dari KEB Hana.
PT Bank DKI PT Bank DKI
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 64 tanggal Based on Credit Agreement No. 64 dated
31 Agustus 2022, entitas anak (WOM) August 31, 2022, subsidiary (WOM) obtained
memperoleh Fasilitas Pinjaman Kredit Modal Corporate Loan Facility amounting to
Kerja sebesar Rp100.000 untuk keperluan Rp100,000, which was used for consumer
modal kerja pembiayaan konsumen. Tanggal finance working capital. Loan’s maturity date is
jatuh tempo fasilitas ini adalah 42 (empat puluh 42 (forty two) months from the last withdrawal
dua) bulan dari tanggal penandatanganan date with interest rate to 6.00% per annum and
perjanjian Kredit dikenakan tingkat suku bunga loan period of 36 months.
sebesar 6,00% per tahun dan jangka waktu
pinjaman selama 36 bulan.
207 PT Bank Maybank Indonesia Tbk 2023 Annual Report 837
Page 840
838
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank DKI (lanjutan) PT Bank DKI (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
bersih minimal sebesar 100,00% dari pinjaman, customers at 100.00% of the total amount, not
tidak dalam keadaan dijaminkan pada pihak secured to any third party, maintain maximum
ketiga manapun, mempertahankan rasio utang debt to equity ratio of 10 (ten) times, and
terhadap ekuitas tidak melebihi 10 (sepuluh) maintain maximum NPL ratio above 90 (ninety)
kali, serta mempertahankan rasio NPL di atas days of 3.00%.
90 (sembilan puluh) hari maksimal 3,00%.
Berdasarkan Perjanjian Kredit No. 28 tanggal Based on Credit Agreement No. 28 dated May
22 Mei 2023, Bank DKI setuju untuk 22, 2023, Bank DKI agreed to provide Working
memberikan Fasilitas Pinjaman Kredit Modal Capital Loan Facility amounting to Rp150,000,
Kerja sebesar Rp150.000 untuk keperluan which will be used for consumer finance
modal kerja pembiayaan konsumen. Tanggal working capital. Loan’s maturity date is 42 (forty
jatuh tempo fasilitas adalah 42 (empat puluh two) months with the loan bears interest rate at
dua) bulan dengan tingkat suku bunga sebesar 7.25% per annum and loan period of 36
7,25% per tahun dan jangka waktu pinjaman months.
selama 36 bulan.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia sebesar 100,00% dari pinjaman yang at 100.00% of the total amount of the
belum dilunasi dengan kategori piutang yang outstanding loan with category day past due not
tidak memiliki tunggakan lebih dari 90 (sembilan over than 90 (ninety) days, not secured to any
puluh) hari, tidak dalam keadaan dijaminkan third party and also the object of financing
pada pihak ketiga mana pun dan harus objek should be covered by insurance, maintain
pembiayaan diasuransikan, mempertahankan maximum debt to equity ratio of 10 times, and
rasio utang terhadap ekuitas tidak melebihi 10 maintain maximum NPL net ratio above 90
kali, serta mempertahankan rasio NPL neto di (ninety) days of 3.00%.
atas 90 (sembilan puluh) hari maksimal 3,00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) telah menggunakan seluruh fasilitas has fully utilized the loan facility from Bank DKI
pinjaman dari Bank DKI untuk Fasilitas Kredit for Working Capital Loan Facility.
Modal Kerja.
PT Bank IBK Indonesia Tbk PT Bank IBK Indonesia Tbk
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 64 tanggal 8 Based on Credit Agreement No. 64 dated
September 2023, Bank IBK setuju untuk September 8, 2023, Bank IBK agreed to
memberikan Fasilitas Pinjaman Working provide Working Capital Executing Facility with
Capital Executing dengan jumlah maksimum maximum available fund amounting to
dana yang disediakan adalah sebesar Rp150,000, which will be used for consumer
Rp150.000 untuk keperluan modal kerja finance working capital. Loan’s maturity date is
pembiayaan konsumen. Jangka waktu fasilitas 36 (thirty six) months with availability period 6
ini adalah 36 (tiga puluh enam) bulan dengan (six) months from the signing date of credit
availability period 6 (enam) bulan sejak akad agreement.
kredit.
Pinjaman ini dikenakan tingkat suku bunga The loan bears interest rate at 7.25% per
sebesar 7,25% per tahun yang berlaku tetap annum, which remain valid for a period of
selama jangka waktu Fasilitas Kredit Working Working Capital Executing Facility.
Capital Executing.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 208
Page 841
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank IBK Indonesia Tbk (lanjutan) PT Bank IBK Indonesia Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Surat No. 130/RM-BM/X/2023 Based on Letter No. 130/IRM-BM/X/23 dated
tanggal 25 Oktober 2023, Bank IBK setuju October 25, 2023, Bank IBK aggred to
untuk menyesuaikan kondisi tingkat suku bunga readjusted the condition of Working Capital
Fasilitas Working Capital Executing, tingkat Executing Facility interest rate, the interest rate
suku bunga sebesar 7,00% per tahun selama at 7.00% per annum during the loan period.
jangka waktu pinjaman.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer receivables at
bersih minimal sebesar 100,00% dari pinjaman 100.00% of the total amount of the outstanding
yang belum dilunasi dengan kategori piutang loan with category day past due not over than
yang tidak memiliki tunggakan lebih dari 90 90 (ninety) days, not secured to any third party,
(sembilan puluh) hari, tidak dalam keadaan maintain maximum debt to equity ratio of 10
dijaminkan pada pihak ketiga mana pun, times, and maintain maximum Non Performing
mempertahankan rasio utang terhadap ekuitas Loan (NPL) net ratio above 90 (ninety) days of
tidak melebihi 10 kali, serta mempertahankan 4.00%.
rasio NPL neto di atas 90 (sembilan puluh) hari
maksimal 4,00%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) sudah tidak memiliki Fasilitas Pinjaman has no unused loan facilities from Bank IBK.
yang belum digunakan dari Bank IBK.
PT Bank DBS Indonesia PT Bank DBS Indonesia
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perubahan Kedua atas Perjanjian Based on the Second Amendment of Banking
Fasilitas Perbankan No. 184/PFPA-DBSI/XI/1- Facility Agreement No. 184/PFPA-DBSI/XI/1-
2/2020 tanggal 30 November 2020, DBS setuju 2/2020 dated November 30, 2020, DBS agreed
untuk memberikan Fasilitas Perbankan dalam to provide Banking Facility on Uncommitted
bentuk Uncommitted Revolving Credit Facility Revolving Credit Facility with available fund
dengan jumlah dana yang disediakan adalah amounting to Rp150,000 which was used for
sebesar Rp150.000 untuk keperluan modal working capital for consumer financing. This
kerja pembiayaan konsumen. Fasilitas ini akan facility will be ended on October 31, 2021 or
berakhir pada tanggal 31 Oktober 2021 atau other dates where Banking Facility terminates
tanggal lain dimana Fasilitas Perbankan diakhiri early.
lebih awal.
Berdasarkan Surat dari Bank No. Based on Letter of Bank No.
6678/XI/DBSI/IBG-JKT/2021 tanggal 9 6678/XI/DBSI/IBG-JKT/2021 dated November
November 2021, DBS telah memperpanjang 9, 2021, DBS agreed to adjust the maturity date
tanggal jatuh tempo perjanjian untuk jangka of agreement for a periods of 3 (three) months
waktu 3 (tiga) bulan terhitung sejak tanggal 1 from November 1, 2021 until January 31, 2022.
November 2021 sampai tanggal 31 Januari
2022.
Berdasarkan Perubahan Ketiga atas Perjanjian Based on the Third Amendment of Banking
Fasilitas Perbankan No. 013/PFPA-DBSI/I/1- Facility Agreement No. 013/PFPA-DBSI/I/1-
2/2022 tanggal 17 Januari 2022, DBS telah 2/2022 dated January 17, 2022, DBS agreed to
memperpanjang tanggal jatuh tempo perjanjian adjust the maturity date of agreement from
yang mulai berlaku pada tanggal 1 November November 1, 2021 until October 31, 2022.
2021 sampai tanggal 31 Oktober 2022.
209 PT Bank Maybank Indonesia Tbk 2023 Annual Report 839
Page 842
840
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank DBS Indonesia (lanjutan) PT Bank DBS Indonesia (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Perubahan Keempat atas Based on the Fourth Amendment of Banking
Perjanjian Fasilitas Perbankan No. 360/PFPA- Facility Agreement No. 360/PFPA-DBSI/XI/1-
DBSI/XI/1-2/2022 tanggal 30 November 2022, 2/2022 dated November 30, 2022, DBS agreed
DBS telah memperpanjang tanggal jatuh tempo to adjust the maturity date of agreement from
perjanjian yang mulai berlaku pada tanggal 1 November 1, 2022 until October 31, 2023.
November 2022 dan akan berakhir pada
tanggal 31 Oktober 2023.
Pinjaman ini dikenakan tingkat suku bunga The loan bears an interest rate that will be
yang akan ditentukan pada saat penarikan determined at the time of drawdown of the loan
fasilitas pinjaman. facility.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s net consumer financing
bersih minimal sebesar 100,00% dari pinjaman receivables at 100.00% of the total amount of
yang belum dilunasi dengan kategori piutang the outstanding loan with category day past due
yang tidak memiliki tunggakan lebih dari 30 (tiga not over than 30 (thirty) days, not secured to any
puluh) hari, tidak dalam keadaan dijaminkan third party, and maintain maximum debt to
pada pihak ketiga manapun, dan equity ratio of 7 times.
mempertahankan rasio utang terhadap ekuitas
tidak melebihi 7 kali.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (WOM)
(WOM) sudah tidak memiliki fasilitas dari DBS. no longer has facilities from DBS.
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan Perjanjian Fasilitas Perbankan Based on bank facility agreement No. 136/PFP-
No. 136/PFP-DBSI/XI/1-2/2021 tanggal DBSI/XI/1-2/2021 November 12, 2021,
12 November 2021, Entitas anak (MIF) Subsidiary (MIF) obtained committed
memperoleh fasilitas kredit jangka panjang amortizing term loan facility amounted to
sebesar Rp300.000. Fasilitas ini akan jatuh Rp300,000. This facility will matured within 42
tempo dalam 42 bulan sejak tanggal Perjanjian months since the Credit Agreement date with
Kredit dengan tingkat suku bunga sebesar interest rate is 5.73% per annum and loan
5,73% per tahun dan jangka waktu pinjaman period of maximum 36 months.
maksimal 36 bulan.
Selama periode pinjaman, entitas anak wajib During the loan period, the subsidiary has to
menjaga Debt to equity ratio tidak melebihi comply maintain Debt to equity ratio not exceed
10 (sepuluh) kali dan menjaga kepemilikan 10 (ten) times and maintain share ownership of
saham PT Bank Maybank Indonesia Tbk PT Bank Maybank Indonesia Tbk at least 51%.
sekurang-kurangnya 51%.
Pada tanggal 31 Desember 2023, Entitas anak As of December 31, 2023, Subsidiary (MIF) has
(MIF) masih memiliki fasilitas pinjaman yang unused loan facilities from Bank DBS
belum digunakan dari Bank DBS sebesar amounting to RpNil.
RpNihil.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 210
Page 843
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Hibank Indonesia PT Bank Hibank Indonesia
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan Surat Penegasan Persetujuan Based on Letter of Credit Offering No.
Kredit No. 021/OL/KY/VIII/2023 tanggal 18 021/OL/KY/VIII/2023 dated August 18, 2023,
Agustus 2023, entitas anak (MIF) memperoleh the subsidiary (MIF) obtained Uncommitted
Fasilitas Kredit Pinjaman Berjangka Short-Term Loan Credit Facility amounting to
Uncommitted sebesar Rp100.000 dengan Rp100,000 for 1 (one) year with drawdown
jangka waktu selama 1 (satu) tahun, dari period from August 29, 2023 to August 29,
tanggal 29 Agustus 2023 sampai dengan 29 2024.
Agustus 2024.
Suku bunga ditetapkan pada saat penarikan The interest rate will be determined at the time
kredit. Fasilitas pinjaman ini tidak of the loan withdrawal. Thise facilities does not
menggunakan jaminan (clean basis). use collateral (clean basis).
Selama periode pinjaman, entitas anak memiliki During the loan period, subsidiary (MIF) has to
kewajiban untuk memenuhi ketentuan dalam comply with the terms of the loan agreement
perjanjian pinjaman yaitu mempertahankan which is maintaining the ownership of PT Bank
porsi kepemilikan PT Bank Maybank Indonesia Maybank Indonesia Tbk at the company of
Tbk terhadap entitas anak minimal 51%. minimum 51%.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (MIF) has
(MIF) masih memiliki fasilitas pinjaman yang unused loan facilities from Bank Hibank
belum digunakan dari Bank Hibank sebesar amounting to RpNil.
RpNihil.
PT Bank Shinhan Indonesia PT Bank Shinhan Indonesia
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 163 tanggal Based on Credit Agreement No. 163 dated June
24 Juni 2022, Bank Shinhan setuju untuk 24, 2022, Bank Shinhan agreed to provide
memberikan Fasilitas Pinjaman Korporasi Corporate Loan Facility amounting to
sebesar Rp150.000 untuk keperluan modal Rp150,000, which will be used for consumer
kerja pembiayaan konsumen. Tanggal jatuh finance working capital. Loan’s maturity date is
tempo fasilitas ini adalah 39 (tiga puluh 39 (thirty nine) months from the signing date of
sembilan) bulan dari tanggal penandatanganan credit agreement with interest rate to 6.00% per
perjanjian kredit dengan tingkat suku bunga annum.
sebesar 6,00% per tahun.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
bersih minimal sebesar 100,00% dari pinjaman, customers at 100.00% of the total amount, not
tidak dalam keadaan dijaminkan pada pihak secured to any third party, maintain maximum
ketiga manapun, mempertahankan Gearing Gearing Ratio of 8 (eight) times, and maintain
Ratio tidak melebihi 8 (delapan) kali dan maximum NPL ratio above 90 (ninety) days of
mempertahankan rasio NPL di atas 90 4.00%.
(sembilan puluh) hari maksimal 4,00%.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (WOM)
(WOM) telah menggunakan seluruh fasilitas has fully utilized the loan facility from Bank
pinjaman dari Bank Shinhan untuk Fasilitas Shinhan for Corporate Loan Facility.
Pinjaman Korporasi.
211 PT Bank Maybank Indonesia Tbk 2023 Annual Report 841
Page 844
842
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Permata Tbk PT Bank Permata Tbk
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Akta Perjanjian Kredit No. 07 Based on the Deed of Credit Facility Agreement
tanggal 8 Juni 2021, Bank Permata setuju No. 07 dated June 8, 2021, Bank Permata
memberikan Fasilitas Money Market Line agreed to provide Money Market Line amounted
sebesar Rp200.000. Tanggal jatuh tempo to Rp200,000. The maturity of facility is 12
fasilitas ini adalah 12 (dua belas) bulan sejak (twelve) months from the signing date of credit
tanggal penandatanganan perjanjian kredit agreement. The loan bears fixed interest rate
dengan tingkat suku bunga tetap per penarikan per withdrawal according to the Bank
sesuai ketetapan Bank. assessment.
Berdasarkan Akta Perubahan Perjanjian Kredit Based on the Amendment of Credit Facility
Fasilitas Money Market No. 05 tanggal Agreement (Money Market Loan) No.05 dated
2 November 2021, Bank Permata setuju untuk November 2, 2021, Bank Permata agreed to
memperpanjang jangka waktu fasilitas terhitung extend the term of the facility starting from June
sejak tanggal 8 Juni 2022 sampai tanggal 31 8, 2022 until January 31, 2023.
Januari 2023.
Berdasarkan Akta Perubahan Perjanjian Kredit Based on the Amendment of Money Market
Fasilitas Money Market No. 05 tanggal 2 Credit Facility Agreement No. 05 dated
November 2021, Jangka waktu fasilitas November 2, 2021, The term of the facility is
dianggap diperpanjang secara otomatis selama considered to be automatically extended for 3
3 (tiga) bulan terhitung sejak tanggal 31 Januari (three) months from January 31, 2023 to April
2023 sampai dengan tanggal 30 April 2023. 30, 2023.
Berdasarkan Adendum Perjanjian Kredit Based on the Amendment of Money Market
Fasilitas Money Market Nomor Credit Facility Agreement No.
1385/MM/ADD/VIII/2023/CG6 tanggal 21 1385/MM/ADD/VIII/2023/CG6 dated August 21,
Agustus 2023, Bank Permata setuju untuk 2023, Bank Permata agreed to extend the
memperpanjang jangka waktu fasilitas terhitung Facility period from January 31, 2023 to January
sejak 31 Januari 2023 sampai tanggal 31 31, 2024.
Januari 2024.
Berdasarkan Surat Nomor 002/SK/CG6/WB/ Based on the Letter No.
02/2023 tanggal 1 Februari 2024, Bank 002/SK/CG6/WB/02/2023 dated February 1,
Permata setuju untuk memperpanjang jangka 2024, Bank Permata agreed to extend the
waktu fasilitas terhitung sejak 31 Januari 2024 Facility period from January 31, 2024 to April 30,
sampai tanggal 30 April 2024. 2024.
Pinjaman tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the Company’s consumer financing
minimal sebesar 100,00% dari jumlah pokok receivables with a minimum of 100.00% of the
fasilitas kredit dengan kategori piutang memiliki amount of credit facility with category less than
tunggakan kurang dari 90 (sembilan puluh) hari, 90 (ninety) days, not secured to any third party,
tidak dalam keadaan dijaminkan kepada pihak maintain maximum debt to equity ratio of 8
ketiga manapun, mempertahankan rasio utang times, and maintain maximum Non Performing
terhadap ekuitas tidak melebihi 8 kali, dan Loan (“NPL”) ratio above 90 (ninety) days of
mempertahankan rasio NPL di atas 90 4.00%.
(sembilan puluh) hari maksimal 4,00%.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 212
Page 845
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Permata Tbk (lanjutan) PT Bank Permata Tbk (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Akta Perjanjian Pemberian Based on the Deed of Credit Facility Agreement
Fasilitas Perbankan No. 06 tanggal 2 November No. 06 dated November 1, 2021, Bank Permata
2021, Bank Permata setuju memberikan agreed to provide Term Loan 3 (TL3) Facility
Fasilitas Term Loan 3 (TL3) sebesar amounted to Rp300,000. The maturity of facility
Rp300.000. Tanggal jatuh tempo fasilitas ini is 42 (forty two) months from the signing date
adalah 42 (empat puluh dua) bulan sejak of credit agreement. The loan bears fixed
tanggal penandatanganan perjanjian kredit interest rate per withdrawal according to the
dengan tingkat suku bunga tetap per penarikan Bank assessment. The interest rate for
sesuai ketetapan Bank. Tingkat suku bunga withdrawed facility is 6.50%.
yang dikenakan atas fasilitas yang ditarik
adalah 6,50%.
Pinjaman tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary receivables from customers
minimal sebesar 100,00% dari jumlah pokok with a minimum of 100.00% of the amount of
fasilitas kredit dengan kategori piutang memiliki credit facility with category less than 90 (ninety)
tunggakan kurang dari 90 (sembilan puluh) hari, days, not secured to any third party, maintain
tidak dalam keadaan dijaminkan kepada pihak maximum debt to equity ratio of 8 times, and
ketiga manapun, mempertahankan rasio utang maintain maximum NPL ratio above 90 (ninety)
terhadap ekuitas tidak melebihi 8 kali, dan days of 4.00%.
mempertahankan rasio NPL diatas 90
(sembilan puluh) hari maksimal 4,00%.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (WOM)
(WOM) masih memiliki Fasilitas Pinjaman yang has unused loan facilities from Bank Permata
belum digunakan dari Bank Permata sebesar amounting to Rp200,000 for Money Market
Rp200.000 untuk fasilitas pinjaman Money Facility.
Market.
PT Bank DKI Syariah PT Bank DKI Syariah
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kerjasama Penyaluran Based on Cooperation Agreement for the
Pembiayaan berdasarkan Prinsip Mudharabah Distribution of Financing based on Mudharabah
No. 01 tanggal 1 Agustus 2022, Bank DKI Principle No. 01 dated August 1, 2022, Bank
Syariah setuju untuk memberikan Fasilitas DKI Syariah agreed to provide Working Capital
Pinjaman Pembiayaan Modal Kerja kepada Loan Facility to subsidiary amounting to
entitas anak sebesar Rp85.000 untuk keperluan Rp85,000, which will be used for consumer
modal kerja pembiayaan konsumen. Tanggal finance working capital. Loan’s maturity date is
jatuh tempo fasilitas ini adalah 42 (empat puluh 42 (forty two) months from the signing date of
dua) bulan dari tanggal penandatanganan credit agreement with interest rate at 6.00% per
perjanjian Pembiayaan dengan tingkat suku annum.
bunga sebesar 6,00% per tahun.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
bersih minimal sebesar 100,00% dari pinjaman, customers at 100.00% of the total amount, not
tidak dalam keadaan dijaminkan pada pihak secured to any third party, maintain maximum
ketiga manapun, mempertahankan rasio utang debt to equity ratio of 10 (ten) times, and
terhadap ekuitas tidak melebihi 10 (sepuluh) maintain maximum NPL net ratio above 90
kali, serta mempertahankan rasio NPL neto di (ninety) days of 3.00%.
atas 90 (sembilan puluh) hari maksimal 3,00%.
213 PT Bank Maybank Indonesia Tbk 2023 Annual Report 843
Page 846
844
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank DKI Syariah (lanjutan) PT Bank DKI Syariah (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (WOM)
(WOM) sudah tidak memiliki Fasilitas Pinjaman does not have unused loan facilities from Bank
yang belum digunakan dari Bank DKI Syariah DKI Syariah because the availability period has
dikarenakan sudah habis masa ketersedian expired.
tariknya.
PT Bank CTBC Indonesia PT Bank CTBC Indonesia
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 95 tanggal Based on the Credit Agreement No. 95 dated
18 Desember 2019, Bank CTBC setuju December 18, 2019, Bank CTBC agreed to
memberikan Fasilitas Pinjaman Jangka provide an Intermediate Term Loan Facility with
Menengah dengan jumlah maksimum sebesar maximum amount of Rp300,000 for consumer
Rp300.000 untuk modal kerja pembiayaan finance working capital to the subsidiary
konsumen kepada entitas anak (WOM). (WOM).
Pinjaman ini dikenakan tingkat suku bunga The loan bears interest rate at 8.75% per
sebesar 8,75% per tahun untuk jangka waktu annum during the loan period for 36 (thirty six)
pinjaman selama 36 (tiga puluh enam) bulan months, which remain valid for a period of loan
yang berlaku tetap selama jangka waktu facility.
Fasilitas Pinjaman.
Berdasarkan Surat tanggal 17 Januari 2020, Based on the Letter dated January 17, 2020,
Bank CTBC setuju untuk menyesuaikan kondisi Bank CTBC agreed to adjust the interest rate
tingkat suku bunga Fasilitas Pinjaman Jangka condition for the Medium Term Loan Facility
Menengah menjadi sebesar 8,55% per tahun amounting to 8.55% per annum during the loan
untuk jangka waktu pinjaman selama 36 (tiga period for 36 (thirty six) months, which remain
puluh enam) bulan yang berlaku tetap selama valid for the period of Medium Term Loan
jangka waktu Fasilitas Pinjaman Jangka Facility.
Menengah.
Berdasarkan Surat tanggal 26 Februari 2020, Based on the Letter dated February 26, 2020,
Bank CTBC kembali menyesuaikan kondisi Bank CTBC readjusted the interest rate for the
tingkat suku bunga Fasilitas Pinjaman Jangka Medium-Term Loan Facility amounting to
Menengah menjadi sebesar 8,40% per tahun 8.40% per annum during the loan period for 36
untuk jangka waktu pinjaman selama 36 (tiga (thirty six) months, which remain valid for the
puluh enam) bulan yang berlaku tetap selama period of Medium Term Loan Facility.
jangka waktu Fasilitas Pinjaman Jangka
Menengah.
Saldo pinjaman telah jatuh tempo dan dilunasi The loan has matured and was fully paid on
pada tanggal 17 Maret 2023. March 17, 2023.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary net receivables from
bersih minimal sebesar 100,00% dari pinjaman, customers at 100.00% of loan, not secured to
tidak dalam keadaan dijaminkan pada pihak any third party, maintain maximum debt to
ketiga manapun, mempertahankan rasio utang equity ratio of 8 (eight) times, and maintain
terhadap ekuitas tidak melebihi 8 (delapan) kali, maximum NPL ratio above 90 (ninety) days of
serta mempertahankan rasio NPL di atas 90 5.00%.
(sembilan puluh) hari maksimal 5,00%.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 214
Page 847
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank CTBC Indonesia (lanjutan) PT Bank CTBC Indonesia (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Akta Perubahan atas Perjanjian Based on Amandement of the Credit
Kredit No. 111 tanggal 29 Desember 2021, Agreement No. 111 dated December 29, 2021,
Bank CTBC setuju untuk memberikan Fasilitas Bank CTBC agreed to provide an Short Term
Pinjaman Jangka Pendek (Short Term Loan) Loan Facility amounted to Rp200,000. The
sebesar Rp200.000. Tanggal jatuh tempo loan’s maturity date is 24 (twenty four) months
fasilitas ini adalah 12 (dua belas) bulan dari from the date credit agreement was signed.
tanggal Perjanjian Kredit ditandatangani.
Perjanjian tersebut dijamin dengan jaminan The agreement is secured by fiduciary transfer
fidusia atas piutang pembiayaan konsumen of the subsidiary’s net receivables from
minimal 100,00% dari pinjaman yang belum customers at 100.00% of the total amount of the
dilunasi dengan kategori piutang yang tidak outstanding loan with category day past due not
memiliki tunggakan lebih dari 30 (tiga puluh) over than 30 (thirty) days, not secured to any
hari, tidak dalam keadaan dijaminkan pada third party and also the object of financing
pihak ketiga manapun dan harus objek should be covered by insurance, maintain
pembiayaan diasuransikan, mempertahankan maximum debt to equity ratio of 8 times, and
rasio utang terhadap ekuitas tidak melebihi 8 maintain maximum NPL ratio above 90 (ninety)
kali, serta mempertahankan rasio NPL di atas days of 3.00%.
90 (sembilan puluh) hari maksimal 3,00%.
Berdasarkan Surat No. IRM/CORP/2023/0003, Based on Letter No. IRM/CORP/2023/0003
tanggal 7 Februari 2023, Bank CTBC dated February 7, 2023, Bank CTBC notified
memberitahukan bahwa per tanggal 29 that as of December 29, 2022, Subsidiary
Desember 2022, Entitas anak (WOM) sudah (WOM) has no debt obligations to Bank CTBC
tidak memiliki kewajiban hutang kepada Bank for the Short Term Loan Facility.
CTBC atas Fasilitas Pinjaman Jangka Pendek
(Short Term Loan).
PT Bank Central Asia Tbk (BCA) PT Bank Central Asia Tbk (BCA)
Entitas anak (WOM) Subsidiary (WOM)
Berdasarkan Perjanjian Kredit No. 194 tanggal Based on the Credit Agreement No. 194 dated
20 Oktober 2010, BCA setuju untuk October 20, 2010, BCA agreed to provide
memberikan Fasilitas Kredit dalam bentuk Credit Facilities in the form of Local Credit
Kredit Lokal (Rekening Koran) dan Installment (Current Account) and Installment Loan Facility
Loan (“Fasilitas Installment Loan 1”) dengan (“Installment Loan Facility 1”) with maximum
jumlah maksimum dana yang disediakan available fund amounting to Rp25,000 and
sebesar Rp25.000 dan Rp200.000 untuk Rp200,000, which were used for consumer
keperluan modal kerja pembiayaan piutang finance working capital as motor vehicle
kendaraan roda dua. financing.
215 PT Bank Maybank Indonesia Tbk 2023 Annual Report 845
Page 848
846
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Central Asia Tbk (BCA) (lanjutan) PT Bank Central Asia Tbk (BCA) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Perjanjian tersebut dijamin dengan jaminan The agreement was secured by fiduciary
fidusia atas piutang pembiayaan konsumen transfer of the Company‟s consumer financing
sekurang kurangnya sebesar 100,00% dari receivables at least 100.00% of the plafond
plafon fasilitas Kredit Lokal dengan kategori Local Credit Facility with category day past due
piutang yang tidak memiliki tunggakan lebih dari not over than 60 (sixty) days and requires the
60 (enam puluh) hari, mengharuskan Company to maintain maximum Gearing Ratio
Perusahaan untuk mempertahankan Gearing of 10 times, and maintain maximum Non
Ratio tidak melebihi 10 kali, serta Performing Loan (“NPL”) ratio above 60 (sixty)
mempertahankan rasio Non Performing Loan days of 5.00%.
(“NPL”) di atas 60 (enam puluh) hari maksimal
5,00%.
Pada tanggal 13 Maret 2019, Perusahaan telah On March 13, 2019, the Company has secured
mendapatkan penambahan fasilitas additional facilities under the Ninth Amendment
berdasarkan Perubahan ke Sembilan of Credit Agreement No. 37 where BCA agreed
Perjanjian Kredit No. 37 dimana BCA setuju to increased the credit facility in the form of
untuk penambahan fasilitas kredit berupa Installment Loan Facility (“Installment Loan
Fasilitas Installment Loan (“Fasilitas Installment Facility 7”) with maximum available fund
Loan 7”) dengan jumlah maksimum dana yang amounting to Rp500,000 with a maximum
disediakan adalah sebesar Rp500.000 yang maturity of 3 (three) years from the date of any
akan jatuh tempo maksimum 3 (tiga) tahun related withdrawal. The credit facility bears
sejak tanggal setiap penarikan yang terkait. interest rate which will be determined upon
Pinjaman ini dikenakan tingkat suku bunga withdrawal.
yang akan ditentukan pada saat penarikan.
Perjanjian atas Fasilitas Installment Loan The agreement for Installment Loan Facility
(“Fasilitas Installment Loan 7”) tersebut dijamin (“Installment Loan Facility 7”) was secured by
dengan jaminan fidusia atas piutang fiduciary transfer of the Company’s consumer
pembiayaan konsumen minimal sebesar financing receivables at 100.00% of the total
100,00% dari total pokok pinjaman dengan amount of the outstanding loan with category
kategori piutang yang tidak memiliki tunggakan day past due not over than 30 (thirty), requires
lebih dari 30 (tiga puluh) hari, mengharuskan Subsidiary (WOM) to maintain maximum
Entitas anak (MIF) untuk mempertahankan gearing ratio of 8 (eight) times, and maintain
gearing ratio tidak melebihi 8 (delapan) kali, maximum NPL ratio above 60 (sixty) days of
serta mempertahankan rasio NPL di atas 60 5.00%.
(enam puluh) hari maksimal 5,00%.
Berdasarkan Surat No. 40847/GBK/2020 Based on Letter No. 40847/GBK/2020 dated
tanggal 1 Oktober 2020, BCA setuju untuk October 1, 2020, BCA agreed to adjust the
menyesuaikan kondisi tingkat suku bunga conditions for the Installment Loan Facility 7
Fasilitas Installment Loan 7, dimana tingkat interest rate, the interest rate 9.00% per annum
suku bunga sebesar 9,00% per tahun untuk during the loan period for 36 (thirty six) months,
jangka waktu pinjaman selama 36 (tiga puluh which remain valid for the period of the
enam) bulan yang berlaku tetap selama jangka Installment Loan Facility 7.
waktu Fasilitas Installment Loan 7.
Saldo pinjaman telah jatuh tempo dan dilunasi The loan has matured and was fully paid on
pada tanggal 14 Maret 2022. March 14, 2022.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 216
Page 849
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Central Asia Tbk (BCA) (lanjutan) PT Bank Central Asia Tbk (BCA) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Surat No. 40873/GBK/2020 Based on Letter No. 40873/GBK/2020 dated
tanggal 16 Oktober 2020, BCA setuju untuk October 16, 2020, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang telah jatuh tempo pada has matured on October 20, 2020 extended
tanggal 20 Oktober 2020 diperpanjang hingga until January 20, 2021.
tanggal 20 Januari 2021.
Berdasarkan Perubahan Ke sebelas atas Based on Eleventh Amendment Credit
Perjanjian Kredit No. 035/Add-KCK/2021 Agreement No. 035/Add-KCK/2021 dated
tanggal 18 Januari 2021, BCA setuju untuk January 18, 2021, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang telah jatuh tempo pada has matured on October 20, 2020 extended
tanggal 20 Oktober 2020 diperpanjang hingga until October 20, 2021.
tanggal 20 Oktober 2021.
Berdasarkan Surat No. 40931/GBK/2021 Based on Letter No. 40931/GBK/2021 dated
tanggal 18 Oktober 2021, BCA setuju untuk October 18, 2021, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang telah jatuh tempo pada has matured on October 20, 2021 extended
tanggal 20 Oktober 2021 diperpanjang hingga until January 20, 2022.
tanggal 20 Januari 2022.
Berdasarkan Perubahan Kedua belas atas Based on Twelfth Amendment Credit
Perjanjian Kredit No. 606/Add-KCK/2021 Agreement No. 606/Add-KCK/2021 dated
tanggal 6 Desember 2021, BCA setuju untuk December 6, 2021, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang telah jatuh tempo pada has matured on October 20, 2021 extended
tanggal 20 Oktober 2021 diperpanjang hingga until October 20, 2022.
tanggal 20 Oktober 2022.
Berdasarkan Perubahan Ketiga belas atas Based on Thirteenth Amendment Credit
Perjanjian Kredit No. 400/Add-KCK/2022 Agreement No. 400/Add-KCK/2022 dated
tanggal 7 November 2022, BCA setuju untuk November 7, 2022, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang telah jatuh tempo pada has matured on October 20, 2022 extended
tanggal 20 Oktober 2022 diperpanjang hingga until October 20, 2023.
tanggal 20 Oktober 2023.
Berdasarkan Surat No. 41133/GBK/2023 Based on Letter No. 41133/GBK/2023 dated
tanggal 17 Oktober 2023, BCA setuju untuk October 17, 2023, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang telah jatuh tempo pada has matured on October 20, 2023 extended
tanggal 20 Oktober 2023 diperpanjang hingga until January 20, 2024.
tanggal 20 Januari 2024.
Berdasarkan Surat No. 40033/GBK/2024 Based on Letter No. 40033/GBK/2024 dated
tanggal 18 Januari 2024, BCA setuju untuk January 18, 2024, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang akan tempo pada matured on January 20, 2024 extended until
tanggal 20 Januari 2024 diperpanjang hingga April 20, 2024.
tanggal 20 April 2024.
217 PT Bank Maybank Indonesia Tbk 2023 Annual Report 847
Page 850
848
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Central Asia Tbk (BCA) (lanjutan) PT Bank Central Asia Tbk (BCA) (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Berdasarkan Perubahan Keempat belas atas Based on Fourtheenth Amendment Credit
Perjanjian Kredit No. 038/Add-KCK/2024 Agreement No. 038/Add-KCK/2024 dated
tanggal 29 Januari 2024, BCA setuju untuk January 29, 2024, BCA agreed to extend the
memperpanjang Fasilitas Kredit Lokal Local Credit (Current Account) Facility which
(Rekening Koran) yang akan tempo pada matured on April 20, 2024 extended until
tanggal 20 April 2024 diperpanjang hingga January 20, 2025.
tanggal 20 Januari 2025.
Perjanjian Kredit untuk Fasilitas Kredit Lokal The Credit Agreement for the Local Credit
(Rekening Koran) ini telah mengalami beberapa (Current Account) Facility interest rate has been
kali penyesuaian kondisi tingkat suku bunga, adjusted for several times, the latest adjustment
terakhir penyesuaian fasilitas berdasarkan of the facility based on the Letter No.
Surat No. 40203/GBK/2020 tanggal 20 Maret 40203/GBK/2020 dated March 20, 2020, BCA
2020, BCA kembali menyesuaikan kondisi readjusted the interest rate conditions Local
tingkat suku bunga Fasilitas Pinjaman Kredit Credit (Current Account) Facility amounting to
Lokal (Rekening Koran) menjadi sebesar 10.00%. Interest rate conditions is effective
10,00%. Kondisi tingkat suku bunga tersebut from April 8, 2020.
akan berlaku efektif sejak tanggal 8 April 2020.
Berdasarkan Perubahan Kedua belas atas Based on Twelfth Changed Credit Agreement
Perjanjian Kredit No. 606/Add-KCK/2021 No. 606/Add-KCK/2021 dated December 6,
tanggal 6 Desember 2021, tingkat suku bunga 2021, interest rate Local Credit (Current
Fasilitas Pinjaman Kredit Lokal (Rekening Account) Facility is 9.25% per annum which is
Koran) sebesar 9,25% per tahun yang dihitung calculated from debt arising from Local Credit
dari utang yang timbul dari Fasilitas Kredit Lokal (Current Account) Facility.
(Rekening Koran).
Berdasarkan Perubahan Ketiga belas atas Based on Thirteenth Changed Credit
Perjanjian Kredit No. 400/Add-KCK/2022 Agreement No. 400/Add-KCK/2022 dated
tanggal 7 November 2022, tingkat suku bunga November 7, 2022, interest rate Local Credit
Fasilitas Pinjaman Kredit Lokal (Rekening (Current Account) Facility is 8.75% per annum
Koran) sebesar 8,75% per tahun yang dihitung which is calculated from debt arising from Local
dari utang yang timbul dari Fasilitas Kredit Lokal Credit (Current Account) Facility.
(Rekening Koran).
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (WOM)
(WOM) masih memiliki fasilitas pinjaman yang still has the unused loan facility from BCA
belum digunakan dari BCA sebesar Rp25.000 amounting to Rp25,000 for Local Credit
untuk Fasilitas Kredit Lokal (Rekening Koran). (Current Account) Facility.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 218
Page 851
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mitsubishi UFJ Financial Group PT Bank Mitsubishi UFJ Financial Group
(MUFG) (MUFG)
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan perjanjian kredit No. 2020- Based on credit facility agreement No. 2020-
0065470-LN tanggal 16 Januari 2021, Entitas 0065470-LN dated January 16, 2021,
anak (MIF) mendapatkan Fasilitas Kredit dari Subsidiary (MIF) obtained Loan Credit Facility
MUFG sebesar USD15 atau setara Rp200.000 from MUFG amounting to USD15 or equal
dengan tenor per penarikan maksimum 6 Rp200,000 with a tenor per withdrawal at
(enam) bulan dan jangka waktu pinjaman 12 maximum 6 (six) months and drawdown period
(dua belas) bulan terhitung sejak tanggal 12 of (twelve) months from the signing date of
penandatanganan Perjanjian sampai dengan agreement until January 16, 2022. The interest
tanggal 16 Januari 2022. Suku bunga rate will be determined at the time of the loan
ditetapkan pada saat penarikan kredit. withdrawal.
Berdasarkan perjanjian kredit No. 2021- Based on credit facility agreement No. 2021-
0062826-LN tanggal 16 Januari 2022, Entitas 0062826-LN dated January 16, 2022,
anak (MIF) mendapatkan Fasilitas Kredit dari Subsidiary (MIF) Obtained Loan Credit Facility
MUFG sebesar USD15 atau setara Rp200.000 from MUFG amounting to USD15 or equal
dengan tenor per penarikan maksimum 6 Rp200,000 with a tenor per withdrawal at
(enam) bulan dan jangka waktu pinjaman 12 maximum 6 (six) months and drawdown period
(dua belas) bulan terhitung sejak tanggal 12 of (twelve) months from the signing date of
penandatanganan Perjanjian sampai dengan agreement until January 16, 2023. The interest
tanggal 16 Januari 2023. Suku bunga rate will be determined at the time of the loan
ditetapkan pada saat penarikan kredit. withdrawal.
Berdasarkan perubahan perjanjian kredit No. Based on amendment to the credit agreement
2022-0056796-LN tanggal 16 Januari 2023, No. 2022-0056796-LN dated January 16, 2023,
Entitas anak (MIF) mendapatkan Fasilitas Subsidiary (MIF) Obtained Loan Credit Facility
Kredit dari MUFG sebesar USD15 atau setara from MUFG amounting to USD 15 or equal
Rp200.000 dengan tenor per penarikan Rp200,000 with a tenor per withdrawal at
maksimum 6 (enam) bulan dan jangka waktu maximum 6 (six) months and drawdown period
pinjaman 12 (dua belas) bulan terhitung sejak 12 of (twelve) months from the signing date of
tanggal penandatanganan Perjanjian sampai agreement until January 16, 2024. The interest
dengan tanggal 16 Januari 2024. Suku bunga rate will be determined at the time of the loan
ditetapkan pada saat penarikan kredit. withdrawal.
Sampai dengan tanggal penyelesaian laporan Until the completion date of financial
keuangan, perpanjangan Fasilitas Kredit dari statements, the extension of Loan Credit
MUFG masih dalam proses. Facility from MUFG is still on process.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (MIF) has
(MIF) belum menggunakan fasilitas pinjaman not used the facility from MUFG.
dari MUFG.
219 PT Bank Maybank Indonesia Tbk 2023 Annual Report 849
Page 852
850
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan Perjanjian Fasilitas Kredit No. Based on Credit Facility Agreement No.
042/MA/MZH/0123 tanggal 31 Januari 2023, 042/MA/MZH/0123 dated January 31, 2023,
Entitas anak (MIF) memperoleh Fasilitas Subsidiary (MIF) acquires a revolving loan
Pinjaman Berulang tanpa komitmen (on an facility on an uncommitted basis amounting to
uncommitted basis) untuk membiayai Rp200,000 with drawdown period from January
kebutuhan modal kerja atau gap/defisit arus kas 31, 2023 to January 31, 2024. The interest rate
jangka pendek. Limit fasilitas pinjaman sebesar will be determined at the time of the loan
Rp200.000 dengan jangka waktu pinjaman dari withdrawal. Tenor per withdrawal at maximum
tanggal 31 Januari 2023 sampai dengan 31 90 days.
Januari 2024. Suku bunga ditetapkan pada saat
penarikan kredit. Tenor per penarikan
maksimum 90 hari.
Sampai dengan tanggal penyelesaian laporan Until the completion date of financial
keuangan, perpanjangan Fasilitas Pinjaman statements, the extension of revolving loan
Berulang tanpa komitmen dari Mizuho masih facility on an uncommitted basis from Mizuho is
dalam proses. still on process.
Fasilitas pinjaman ini dijamin dengan jaminan The loan facility is secured by fiduciary
fidusia berupa piutang pembiayaan konsumen collateral in the form of consumer finance
yang diberikan kepada pihak ketiga sebesar receivables given to the third parties at 50% of
50% dari jumlah utang pokok fasilitas pinjaman. total principal amount of the bank loan.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (MIF) has
(MIF) belum menggunakan fasilitas pinjaman not used facility from Bank Mizuho.
dari Bank Mizuho.
PT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk
Entitas anak (MIF) Subsidiary (MIF)
Pada tanggal 16 Juli 2021, berdasarkan surat On July 16, 2021, based on letter No. 255/ILS-
No. 255/ILS-JKT/PK/VII/2021, entitas anak JKT/PK/VII/2021, subsidiary (MIF) obtained
(MIF) memperoleh fasilitas pinjaman dalam loan facility of Demand Loan from OCBC NISP
bentuk Demand Loan dari OCBC NISP dengan with maximum facility limit amounted to
batas maksimum fasilitas Rp300.000 dan Rp300,000 and the term of loan maximum 1
jangka waktu pinjaman 1 (satu) tahun yang (one) year ended on July 16, 2022. Interest rate
berakhir pada tanggal 16 Juli 2022. Tingkat will be determined at the withdrawal, based on
suku bunga ditentukan pada saat penarikan money market rate.
berdasarkan suku bunga pasar uang.
Pada tanggal 14 Juli 2022, berdasarkan surat On July 14, 2022, based on letter No. 264/ILS-
No. 264/ILS-JKT/PK/VII/2022, entitas anak JKT/PK/VII/2022, subsidiary (MIF) obtained
(MIF) memperoleh fasilitas pinjaman dalam loan facility of Demand Loan from OCBC NISP
bentuk Demand Loan dari OCBC NISP dengan with maximum facility limit amounted to
batas maksimum fasilitas Rp300.000 dan Rp300,000 and the term of loan maximum 1
jangka waktu pinjaman 1 (satu) tahun yang (one) year ended on July 16, 2023. Interest rate
berakhir pada tanggal 16 Juli 2023. Tingkat will be determined at the withdrawal, based on
suku bunga ditentukan pada saat penarikan money market rate.
berdasarkan suku bunga pasar uang.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 220
Page 853
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank OCBC NISP Tbk (lanjutan) PT Bank OCBC NISP Tbk (continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Pada tanggal 14 Juli 2023, berdasarkan surat On July 14, 2023, based on letter No. 276/ILS-
No. 276/ILS-JKT/PK/VII/2023, entitas anak JKT/PK/VII/2023, subsidiary (MIF) obtained
(MIF) memperoleh fasilitas pinjaman dalam loan facility of Demand Loan from OCBC NISP
bentuk Demand Loan dari OCBC NISP dengan with maximum facility limit amounted to
batas maksimum fasilitas Rp300.000 dan Rp300,000 and the term of loan maximum 1
jangka waktu pinjaman 1 (satu) tahun yang (one) year ended on July 14, 2024. Interest rate
berakhir pada tanggal 14 Juli 2024. Tingkat will be determined at the withdrawal, based on
suku bunga ditentukan pada saat penarikan money market rate.
berdasarkan suku bunga pasar uang.
Selama periode pinjaman, Perusahaan memiliki During the loan period, the Company has to
kewajiban untuk memenuhi ketentuan dalam comply with the terms of the loan agreement
perjanjian pinjaman diantaranya: which include the following:
Selama periode pinjaman, entitas anak (MIF) During the loan period, the subsidiary (MIF) has
memiliki kewajiban untuk menjaga rasio to comply with the terms of the loan agreement
pinjaman terhadap modal maksimum sebesar 8 are maintain gearing ratio maximum 8 (eight)
(delapan) kali dari seluruh fasilitas kredit yang times from credit facility given by bank, also
diberikan oleh bank, serta menjaga piutang maintain receivables which has overdue of
yang memiliki tunggakan bunga dan/atau more than 90 (ninety) days maximum 2.5% from
angsuran pokok lebih dari 90 (sembilan puluh) total receivables.
hari tidak melebih 2,5% dari total piutang.
Fasilitas pinjaman ini dijamin dengan jaminan The loan facility is secured by fiduciary collateral
fidusia berupa piutang pembiayaan konsumen in the form of consumer finance receivables
yang diberikan kepada pihak ketiga sebesar given to the third parties at 50% of total principal
50% dari jumlah utang pokok fasilitas pinjaman. amount of the bank loan facility..
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (MIF) has
(MIF) belum menggunakan fasilitas pinjaman not used facility from Bank OCBC NISP.
dari Bank OCBC NISP.
PT Bank BTPN Tbk PT Bank BTPN Tbk
Entitas anak (MIF) Subsidiary (MIF)
Berdasarkan Lampiran No. 002 untuk Based on Appendix No. 002 for amendment
perubahan dan pernyataan kembali atas and restatement of the original facility
perjanjian fasilitas awal tanggal 13 Januari agreement dated January 13, 2022, the
2022, Entitas anak (MIF) memperoleh subsidiary (MIF) obtained extention credit loan
perpanjangan fasilitas pinjaman kredit dalam facility with facility limit Rp100,000 and
bentuk money market dengan limit fasilitas maximum period of facility is until January 31,
Rp100.000 dan jangka waktu pinjaman hingga 2023.
tanggal 31 Januari 2023.
Berdasarkan Lampiran No. 003 untuk Based on Appendix No. 003 for amendment
perubahan dan pernyataan kembali atas and restatement of the original facility
perjanjian fasilitas awal tanggal 13 Januari agreement dated January 13, 2022, Subsidiary
2023, Entitas anak (MIF) memperoleh (MIF) obtained extention credit loan facility with
perpanjangan fasilitas pinjaman kredit dalam facility limit Rp100,000 and maximum period of
bentuk money market dengan limit fasilitas facility is until January 31, 2024.
Rp100.000 dan jangka waktu pinjaman hingga
tanggal 31 Januari 2024.
221 PT Bank Maybank Indonesia Tbk 2023 Annual Report 851
Page 854
852
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank BTPN Tbk (lanjutan) PT Bank BTPN Tbk (continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Sampai dengan tanggal penyelesaian laporan Until the completion date of financial
keuangan, perpanjangan fasilitas pinjaman statements, the extension of credit loan facility
kredit dalam bentuk money market dari BTPN from BTPN is still on process.
masih dalam proses.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (MIF) has
(MIF) belum menggunakan fasilitas pinjaman not used facility from Bank BTPN.
dari Bank BTPN.
PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk
Entitas anak (MIF) Subsidiary (MIF)
Pada tanggal 12 Juli 2021, berdasarkan surat On July 12, 2021, based on letter No.
No. B.068/ARO/EB/0721, entitas anak (MIF) B.068/ARO/EB/0721, subsidiary (MIF) obtained
memperoleh perpanjangan fasilitas pinjaman loan facility of short term loan with maximum
dalam bentuk kredit jangka pendek dengan facility limit amounting to Rp200,000 and the
batas maksimum fasilitas Rp200.000 dan term of loan maximum of 1 (one) year ended on
jangka waktu fasilitas pinjaman 1 (satu) tahun May 14, 2022. Interest rate will be determined
yang berakhir pada tanggal 14 Mei 2022. at the withdrawal, based on money market rate.
Tingkat suku bunga ditentukan pada saat
penarikan berdasarkan suku bunga pasar uang.
Pada tanggal 15 September 2022, berdasarkan On September 15, 2022, based on letter No. B.
surat No. B.179/HK-EB/0922, entitas anak B.179/HK-EB/0922, subsidiary (MIF) obtained
(MIF) memperoleh perpanjangan fasilitas loan facility of short term loan with maximum
pinjaman dalam bentuk kredit jangka pendek facility limit amounting to Rp100,000 and the
dengan batas maksimum fasilitas Rp100.000 term of loan maximum of 1 (one) year ended on
dan jangka waktu fasilitas pinjaman 1 (satu) May 14, 2023. Interest rate will be determined
tahun yang berakhir pada tanggal 14 Mei 2023. at the withdrawal, based on money market rate.
Tingkat suku bunga ditentukan pada saat
penarikan berdasarkan suku bunga pasar uang.
Pada tanggal 1 Agustus 2023, berdasarkan On August 1, 2023, based on letter
surat No. B.383/ARO/EB/0823, entitas anak No. B.383/ARO/EB/0823, subsidiary (MIF)
(MIF) memperoleh perpanjangan fasilitas obtained loan facility of short term loan with
pinjaman dalam bentuk kredit jangka pendek maximum facility limit amounting to Rp100,000
dengan batas maksimum fasilitas Rp100.000 and the term of loan maximum of 1 (one) year
dan jangka waktu fasilitas pinjaman 1 (satu) ended on May 14, 2024. Interest rate will be
tahun yang berakhir pada tanggal 14 Mei 2024. determined at the withdrawal, based on money
Tingkat suku bunga ditentukan pada saat market rate.
penarikan berdasarkan suku bunga pasar uang.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 222
Page 855
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
PT Bank Danamon Indonesia Tbk (lanjutan) PT Bank Danamon Indonesia Tbk
(continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Selama periode pinjaman, entitas anak (MIF) During the loan period, subsidiary (MIF) has to
memiliki kewajiban untuk menjaga debt comply with the terms of the loan agreement are
networth ratio maksimum 8 (delapan) kali dari maintaining maximum total debt networth ratio
seluruh fasilitas kredit yang diberikan oleh of 8 (eight) times from credit facility given by
bank, memiliki Net Credit Losses (NCL) to Bank, have net Credit Losses (NCL) to average
average portfolio ratio maksimal 4%, menjaga portfolio ratio of maximum 4%, maintaining
receivable overdue lebih dari 90 hari tidak receivables overdue more than 90 days not
melebih 3% dari total piutang dan menjaga total exceeding 3% of total receivables and
debt/portfolio piutang pembiayaan maksimum maintaining maximum total debt/financing
90%. receivables portfolio of 90%.
Pada tanggal 31 Desember 2023, entitas anak As of December 31, 2023, subsidiary (MIF) has
(MIF) belum menggunakan fasilitas pinjaman not used facility from Danamon.
dari Danamon.
Per 31 Desember 2023, entitas anak memiliki As of December 31, 2023, the subsidiaries have
sisa fasilitas pinjaman dari Victoria, HSBC, unused loan facility from Victoria, HSBC,
OCBC, BTPN, Mandiri, Danamon, Panin, BCA, OCBC, BTPN, Mandiri, Danamon, Panin, BCA
Permata, Mizuho dan Bank MUFG. Permata, Mizuho and Bank MUFG.
b. Pinjaman dari Japan International b. Loans received from Japan International
Cooperation Agency (JICA) Cooperation Agency (JICA)
“Two-Step Loans” adalah pinjaman yang The “Two-Step Loans” are loans received from
diterima dari Japan International Cooperation Japan International Cooperation Agency to be
Agency untuk disalurkan kepada nasabah Bank distributed to the Bank’s customers (PT Japan
(PT Japan Indonesia Economic Center Indonesia Economic Center (PT JIAEC)).
(PT JIAEC)).
Akun ini merupakan fasilitas pinjaman dari JICA This account represents credit facilities from
melalui Bank untuk membiayai proyek di JICA through Bank to finance the following
Indonesia sebagai berikut: project in Indonesia:
Fasilitas Kredit/ Tujuan/
Credit Facilities Purpose
JICA Program pembiayaan pembangunan gedung PT JIAEC/Construction
building financing program for PT JIAEC.
Pinjaman ini merupakan fasilitas pinjaman This loan is term loan facility with plafond of
berjangka dengan plafond sebesar JPY80,000,000. Term of facility is 10 (ten)
JPY80.000.000. Fasilitas ini memiliki jangka years and it will mature on March 11, 2024 with
waktu 10 (sepuluh) tahun dan akan jatuh tempo interest rate at 0.82% per annum.
pada tanggal 11 Maret 2024 dengan tingkat
bunga sebesar 0,82% per tahun.
223 PT Bank Maybank Indonesia Tbk 2023 Annual Report 853
Page 856
854
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
c. Pinjaman antar Bank c. Interbank Borrowing
31 Desember/December 31, 2023
Suku bunga
per tahun/
Tanggal dimulai/ Tanggal jatuh tempo/ Interest rate
Starting date Maturity Date per annum Jumlah/Total
Pihak ketiga Third parties
Rupiah Rupiah
Citibank,N.A, 23 Juni/ 21 Juni/
Cabang Indonesia June 23, 2023 June 21, 2024 6,38% 660.000 Citibank,N.A, Indonesia Branch
27 Desember/ 27 Desember/
Bank ICBC Indonesia December 27, 2023 December 27, 2024 6,65% 500.000 Bank ICBC Indonesia
Sub-jumlah - Rupiah 1.160.000 Sub-total - Rupiah
Mata uang asing Foreign currencies
Citibank,N.A, 26 September/ 25 September/
Cabang Indonesia September 26, 2023 September 25, 2024 5,77% 446.513 Citibank,N.A, Indonesia Branch
24 November/ 26 Februari/
PT Bank Rakyat Indonesia Tbk November 24,2023 February 26, 2024 5,77% 215.558 PT Bank Rakyat Indonesia Tbk
PT Bank Danamon 27 Desember/ 27 Desember/
Indonesia Tbk December 27, 2023 December 27, 2024 6,07% 538.895 PT Bank Danamon Indonesia Tbk
28 Desember/ 29 Januari/
MUFG Bank Cabang Jakarta December 28, 2023 January 29, 2024 5,66% 400.322 MUFG Bank Jakarta Branch
Sub-jumlah - Mata uang asing 1.601.288 Sub-total - Foreign currencies
Jumlah 2.761.288 Total
31 Desember/December 31, 2022
Suku bunga
per tahun/
Tanggal dimulai/ Tanggal jatuh tempo/ Interest rate
Starting date Maturity Date per annum Jumlah/Total
Pihak ketiga Third parties
Rupiah Rupiah
28 April/ 28 April/
MUFG Bank Cabang Jakarta April 28, 2022 April 28, 2023 3,85% 500.000 MUFG Bank Jakarta Branch
17 Mei/ 17 Mei/
MUFG Bank Cabang Jakarta May 17, 2022 May 17, 2023 3,85% 1.000.000 MUFG Bank Jakarta Branch
30 Juni/ 30 Juni/
MUFG Bank Cabang Jakarta June 30, 2022 June 30, 2023 3,99% 1.500.000 MUFG Bank Jakarta Branch
21 Oktober/ 19 April/
MUFG Bank Cabang Jakarta October 21, 2022 April 19, 2023 4,90% 200.000 MUFG Bank Jakarta Branch
17 November/ 17 November/
November 17, November 17,
MUFG Bank Cabang Jakarta 2022 2023 6,17% 1.500.000 MUFG Bank Jakarta Branch
Sub-jumlah - Rupiah 4.700.000 Sub-total - Rupiah
Mata uang asing Foreign currencies
1 Agustus/ 27 Januari/
PT Bank Rakyat Indonesia Tbk August 1, 2022 January 27, 2023 2,92% 389.188 PT Bank Rakyat Indonesia Tbk
29 Desember/
December 29, 27 Juni/
PT Bank Rakyat Indonesia Tbk 2022 June 27, 2023 5,10% 778.374 PT Bank Rakyat Indonesia Tbk
Sub-jumlah - Mata uang asing 1.167.562 Sub-total - Foreign currencies
Jumlah 5.867.562 Total
d. Lainnya d. Other
Per 31 Desember 2023 dan 2022, Bank dan As of December 31, 2023 and 2022, the Bank
entitas anak telah mematuhi seluruh and the subsidiaries have complied with all
persyaratan perjanjian dengan bank-bank dan loan covenants, reassured by the banks and
pemberi pinjaman tersebut. the lenders.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 224
Page 857
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN 24. INCOME TAX
a. Utang pajak a. Taxes payable
Utang pajak terdiri dari: Taxes payable consist of:
31 Desember/December 31
2023 2022
Bank Bank
Pajak penghasilan badan 158.327 195.271 Corporate income tax
Pajak penghasilan: Income tax:
Pasal 21 53.712 54.493 Article 21
Pasal 23/26 7.882 4.826 Article 23/26
Pasal 4(2) 66.545 56.388 Article 4(2)
Lainnya 8.421 1.459 Others
Pajak pertambahan nilai 5.829 8.187 Value added tax
300.716 320.624
Entitas anak Subsidiaries
Pajak penghasilan badan dan Corporate income tax and
Pajak penghasilan Pasal 25 82.600 86.760 income tax article 25
Pajak penghasilan (pasal 21, Other income tax (article 21,
23/26, 4(2) dan lainnya) 9.968 14.299 23/26, 4(2) and others)
Pajak pertambahan nilai 1.941 456 Value added tax
94.509 101.515
Konsolidasian Consolidated
Pajak penghasilan badan dan Corporate income tax and
Pajak penghasilan pasal 25 240.927 282.031 income tax article 25
Pajak penghasilan (pasal 21, Other income tax (article 21,
23/26, 4(2) dan lainnya) 146.528 131.465 23/26, 4(2) and others)
Pajak pertambahan nilai 7.770 8.643 Value added tax
395.225 422.139
b. Beban pajak penghasilan b. Income tax expense
Beban pajak penghasilan Bank dan entitas anak Income tax expenses of the Bank and
terdiri dari: subsidiaries consisted of the following:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Bank Bank
Kini 414.464 394.222 Current
Tangguhan (88.708) (95.148) Deferred
325.756 299.074
Entitas anak Subsidiaries
Kini 214.203 220.245 Current
Tangguhan (3.035) (12.304) Deferred
211.168 207.941
Konsolidasian Consolidated
Kini 628.667 614.467 Current
Tangguhan (91.743) (107.452) Deferred
536.924 507.015
225 PT Bank Maybank Indonesia Tbk 2023 Annual Report 855
Page 858
856
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between the Bank’s income
Bank, seperti yang disajikan dalam laporan laba before tax expense as shown in the
rugi dan penghasilan komprehensif lain consolidated statements of profit or loss and
konsolidasian dan penghasilan kena pajak other comprehensive income and taxable
untuk tahun yang berakhir pada tanggal income for the years ended December 31,
31 Desember 2023 dan 2022 adalah sebagai 2023 and 2022, are as follows:
berikut:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Laba sebelum beban pajak Income before tax expense
dan kepentingan non- and non-controlling interest -
pengendali - konsolidasian 2.354.674 2.040.226 consolidated
Dikurangi: Penghasilan sebelum Less: Income before tax expense
pajak - entitas anak 674.731 823.405 - subsidiaries
Laba sebelum beban Income before tax expense
pajak - Bank 1.679.943 1.216.821 - Bank
(Laba)/rugi neto cabang luar negeri (13.861) 1.598 Net (income)/losses from overseas branch
Pendapatan yang
dikenakan pajak final (319) (325) Income subject to final tax
Laba Bank disesuaikan Adjusted income before
sebelum pajak penghasilan 1.665.763 1.218.094 tax of the Bank
Perbedaan waktu Temporary differences
Perbedaan antara komersial Differences between commercial
dan fiskal atas: and tax amounts on:
Penyisihan manfaat Provision
pensiun karyawan 134.252 120.705 for employee benefits
Penyisihan bonus karyawan 66.439 37.017 Provision for employee bonuses
Penyisihan kerugian Provision for possible losses on
aset produktif dan non-produktif 378.988 380.832 earning assets and non-earning assets
Lain-lain (176.460) 33.406 Others
403.219 571.960
Perbedaan tetap Permanent differences
Perbedaan antara komersial Differences between commercial
dan fiskal atas: and tax amounts on:
Dividen dari anak perusahaan (216.633) (22.603) Dividend from subsidiary
Rumah dan kendaraan dinas - 2.318 Office house & vehicles
Penurunan/(kenaikan) nilai Decrease/(increase) in value
efek-efek yang diperdagangkan 6.523 (1.751 ) of trading securities
Lain-lain 25.056 23.898 Others
(185.054) 1.862
Penghasilan kena pajak 1.883.928 1.791.916 Taxable income
PT Bank Maybank Indonesia Tbk 2023 Annual Report 226
Page 859
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between the Bank’s income
Bank, seperti yang disajikan dalam laporan laba before tax expense as shown in the
rugi dan penghasilan komprehensif lain consolidated statements of profit or loss and
konsolidasian dan penghasilan kena pajak other comprehensive income and taxable
untuk tahun yang berakhir pada tanggal income for the years ended December 31,
31 Desember 2023 dan 2022 adalah sebagai 2023 and 2022, are as follows: (continued)
berikut: (lanjutan)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Beban pajak penghasilan Corporate income tax
kini - Bank 414.464 394.222 expenses - Bank
Beban pajak penghasilan Corporate income tax
kini - entitas anak 214.203 220.245 expenses - subsidiaries
628.667 614.467
Dikurangi: Less:
Pajak dibayar dimuka pasal 25 - Bank (256.137) (198.951) Prepaid tax article 25 - Bank
Surat ketetapan pajak - entitas anak (1.532) (10.187) Tax assessment letter - subsidiaries
Pajak dibayar dimuka - entitas anak (130.071) (123.298) Prepaid tax - subsidiaries
Utang pajak Corporate income tax payable
penghasilan - konsolidasian 240.927 282.031 - consolidated
Rekonsiliasi atas beban pajak penghasilan The reconciliation between the Bank’s income
Bank dengan perkalian laba akuntansi Bank tax expense and the accounting income before
sebelum beban pajak penghasilan dan tarif tax expense and prevailing tax rate are as follow:
pajak yang berlaku adalah sebagai berikut:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Laba sebelum beban pajak Income before tax expense
dan kepentingan non- and non-controlling interest -
pengendali - konsolidasian 2.354.674 2.040.226 consolidated
Dikurangi: Laba sebelum beban Less: Income before tax expense
pajak - entitas anak 674.731 823.405 - subsidiaries
Laba sebelum beban pajak - Bank 1.679.943 1.216.821 Income before tax expense - Bank
Dikurangi: Less:
(Laba)/rugi cabang luar negeri (13.861) 1.598 (Gains)/losses from overseas branch
Pendapatan yang
dikenakan pajak final (319) (325) Income subject to final tax
1.665.763 1.218.094
227 PT Bank Maybank Indonesia Tbk 2023 Annual Report 857
Page 860
858
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Rekonsiliasi atas beban pajak penghasilan The reconciliation between the Bank’s income
Bank dengan perkalian laba akuntansi Bank tax expense and the accounting income before
sebelum beban pajak penghasilan dan tarif tax expense and prevailing tax rate are as follow:
pajak yang berlaku adalah sebagai berikut: (continued)
(lanjutan)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Beban pajak penghasilan
yang dihitung dengan tarif Corporate income tax based on
pajak yang berlaku 366.468 267.980 the prevailing tax rate
Penyesuaian pajak tangguhan - 30.684 Adjustment of deferred tax
Pengaruh pajak atas beda tetap Effect of tax on permanent differences
pada tarif pajak yang berlaku (40.712) 410 with prevailing tax rate
Beban pajak penghasilan - Bank 325.756 299.074 Income tax expense - Bank
Beban pajak penghasilan
- entitas anak 211.168 207.941 Income tax expense - subsidiaries
536.924 507.015
Penyesuaian Tarif Pajak Penghasilan Adjustment of Corporate Tax Rate
Per tanggal 31 Desember 2020, berdasarkan As of December 31, 2020, pursuant to article
Pasal 5 ayat 1 dari Peraturan Pemerintah 5 (1) of Government Regulation in Lieu of Law of
Pengganti Undang-Undang Republik Indonesia the Republic of Indonesia No. 1 Year 2020
No. 1 Tahun 2020 tentang Kebijakan Keuangan concerning State Financial Policy and Financial
Negara Dan Stabilitas Sistem Keuangan Untuk System Stability for Handling Corona Virus
Penanganan Pandemi Corona Virus Disease Disease 2019 (Covid-19) and/or In Order to Face
2019 (Covid-19) Dan/Atau Dalam Rangka Threats that Endanger the National Economy
Menghadapi Ancaman Yang Membahayakan and/or Financial System Stability as stipulated
Perekonomian Nasional Dan/Atau Stabilitas into law by The Law of The Republic of Indonesia
Sistem Keuangan sebagaimana yang telah Number 2 Year 2020, corporate tax rate is
ditetapkan menjadi undang-undang dengan adjusted to 22%.
Undang-Undang Republik Indonesia Nomor 2
Tahun 2020, tarif pajak penghasilan wajib pajak
badan dalam negeri disesuaikan menjadi 22%.
Tarif PPh Badan tersebut juga berlaku untuk The corporate income tax rate is also valid for
tahun 2022 sebagaimana yang telah ditetapkan 2022 as stipulated by the Law No. 7 Year 2021
oleh Undang-undang No. 7 Tahun 2021 on the Harmonization of Tax Regulations (UU
tentang Harmonisasi Peraturan Perpajakan HPP) on October 29, 2021.
(UU HPP) pada tanggal 29 Oktober 2021.
Menyesuaikan dengan UU HPP, per In accordance with the UU HPP, starting
31 Oktober 2021, penghitungan pajak October 31, 2021, the calculation of deferred tax
tangguhan telah menggunakan tarif 22%. has used a rate of 22%.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 228
Page 861
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank Bank
Pemeriksaan pajak tahun pajak 2018 Tax Audit for Fiscal Year 2018
Kantor Pajak telah mengeluarkan Surat Perintah Tax Office had issued Tax Audit Notification
Pemeriksaan Pajak kepada Bank untuk tahun Letter to the Bank for fiscal year 2018 (all taxes)
pajak 2018 (semua jenis pajak) pada tanggal 19 dated on April 19, 2021. The Bank has received
April 2021. Bank telah menerima hasil Underpayment Tax Assessment Letter (SKPKB)
pemeriksaan berupa Surat Ketetapan Pajak on Corporate Income Tax, Income Tax Articles
Kurang Bayar (SKPKB) atas Pajak Penghasilan 21, 23 and Value Added Tax dated February 20,
(PPh) Badan, PPh Pasal 21, 23, dan Pajak 2023 amounted to Rp169,894 (including
Pertambahan Nilai (PPN) tertanggal 20 Februari penalties and interests). The amount approved
2023 dengan total Rp169.894 (termasuk denda and already paid by the Bank on March 16, 2023
dan bunga). Jumlah yang disetujui dan sudah was Rp70.
dibayar oleh Bank pada 16 Maret 2023 adalah
Rp70.
Bank tidak menyetujui sebagian besar jumlah The Bank still disputed most of the items
yang tercantum di dalam SKPKB yaitu contained in these SKPKB amounted to
Rp169.824 dan telah dibayarkan pada 17 Mei Rp169,824 and already paid on May 17, 2023
2023 serta mencatat pembayarannya sebagai and recorded the payment as part of other
bagian dari tagihan lainnya (Catatan 17). Pada receivables (Note 17). On May 19, 2023, the
tanggal 19 Mei 2023, Bank telah mengajukan Bank submitted Objection Letter on Corporate
Surat Keberatan untuk PPh Badan dan PPN ke Income Tax and Value Added Tax to the Tax
Kantor Pajak. Hingga tanggal penyelesaian Office. Until the date of completion of the financial
laporan keuangan, Bank belum menerima hasil report, the Bank has not received the results of
Keberatan dari Kantor Pajak. Manajemen the Objection from the Tax Office. The
berpendapat bahwa Kantor Pajak akan management believes that the Tax Office will
mengabulkan Keberatan yang diajukan Bank. approve the objection submitted by the Bank.
Pemeriksaan pajak tahun pajak 2017 Tax audit for fiscal year 2017
Kantor Pajak telah mengeluarkan Surat Perintah Tax Office had issue Tax Audit Notification Letter
Pemeriksaan Pajak kepada Bank untuk tahun to the Bank for fiscal year 2017 (all taxes) dated
pajak 2017 (semua jenis pajak) pada tanggal 24 on November 24, 2020. The Bank has received
November 2020. Bank telah menerima hasil Underpayment Tax Assessment Letter (SKPKB)
pemeriksaan berupa Surat Ketetapan Pajak on Corporate Income Tax, Income Tax Articles
Kurang Bayar (SKPKB) atas Pajak Penghasilan 21, 23, 26, Final Income Tax Article 4(2) and
(PPh) Badan, PPh Pasal 21, 23, 26, PPh Final Value Added Tax dated September 2, 2022
Pasal 4(2) dan Pajak Pertambahan Nilai (PPN) amounted to Rp127,029 (including penalties and
tertanggal 2 September 2022 dengan total interests). The amount approved and already
Rp127.029 (termasuk denda dan bunga). paid by the Bank on September 29, 2022 was
Jumlah yang disetujui dan sudah dibayar oleh Rp66.
Bank pada 29 September 2022 adalah Rp66.
Bank tidak menyetujui sebagian besar jumlah The Bank still disputed most of the items
yang tercantum di dalam SKPKB yaitu contained in these SKPKB which amount of
Rp126.963 dan telah dibayarkan pada 24 Rp126,963 and already paid on November 24,
November 2022 serta mencatat pembayaranya 2022 and recorded the payment as part of other
sebagai bagian dari tagihan lainnya (Catatan receivables (Note 17). On November 30, 2022,
17). Pada tanggal 30 November 2022, Bank the Bank submitted Objection Letter on
sudah mengajukan Surat Keberatan untuk PPh Corporate Tax and Value Added Tax to the Tax
Badan dan PPN ke Kantor Pajak. Office.
Di 20 Oktober 2023 Bank menerima putusan On October 20, 2023 the Bank received the tax
Keberatan, dimana Kantor Pajak mengoreksi objection decision, which tax office rectified the
SKPKB PPh Badan menjadi Rp119.301 dan corporate tax underpayment amount into
PPN menjadi Rp8.947; menerima Keberatan Rp119,301 and VAT into Rp8,947; agreed on tax
PPh Badan Rp928 dan menolak sisanya untuk objection of corporate income tax of Rp928,
PPh Badan sebesar Rp118.373 dan PPN rejected tax objection of Rp118,373 of corporate
sebesar Rp8.947. income tax and Rp8,947 of VAT.
229 PT Bank Maybank Indonesia Tbk 2023 Annual Report 859
Page 862
860
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2017 Tax audit for fiscal year 2017 (continued)
(lanjutan)
Pada 8 Januari 2024, Bank telah mengajukan On January 8, 2024, the Bank submitted appeal
banding atas putusan Keberatan PPh Badan letters on the rejected corporate income tax and
dan PPN yang ditolak dan saat ini sedang VAT objection decision and currently waiting for
menunggu keputusan dari Pengadilan Pajak. the Tax Court decision. The management
Manajemen berpendapat bahwa Pengadilan believes that the Tax Court will approve the
Pajak akan mengabulkan Banding yang appeal submitted by the Bank.
diajukan Bank.
Pemeriksaan pajak tahun pajak 2016 Tax Audit for Fiscal Year 2016
Kantor pajak telah mengeluarkan Surat Perintah Tax Office had issued Tax Audit Notification
Pemeriksaan Pajak kepada Bank untuk tahun Letter to the Bank for fiscal year 2016 (all taxes)
pajak 2016 (semua jenis pajak) pada tanggal 27 dated on November 27, 2019 and the Bank has
November 2019 dan Bank telah menerima Surat received Underpayment Tax Assessment Letter
Ketetapan Pajak kurang Bayar (SKPKB) atas (SKPKB) on Corporate Income Tax, Income Tax
Pajak Penghasilan (“PPh”) Badan, PPh Pasal 21, Articles 21, 23 and 26, Final Income Tax Article
23 dan 26, PPh Final Pasal 4(2) dan Pajak 4(2) and Value Added Tax dated November 30,
Pertambahan Nilai (PPN) pada 30 November 2020 amounted to Rp279,818 (including
2020 dengan total Rp279.818 (termasuk denda penalties and interests). The amount approved
dan bunga). Jumlah yang disetujui dan sudah and already paid by the Bank on December 29,
dibayar oleh Bank pada 29 Desember 2020 2020 was Rp1,502.
adalah Rp1.502.
Bank tidak menyetujui sebagian besar jumlah The Bank still disputed most of the items
yang tercantum di dalam SKPKB yaitu contained in these SKPKB which amount of
Rp278.316 dan telah dibayarkan pada Rp278,316 and has been paid on February 25,
25 Februari 2021, serta mencatat 2021 and recorded the payment as part of other
pembayarannya sebagai bagian dari tagihan receivables (Note 17). On the same date, the
lainnya (Catatan 17). Pada tanggal yang sama bank submitted 4 (four) Objections Letter to the
Bank menyampaikan 4 (empat) Surat Keberatan Tax Office.
ke Kantor Pajak.
Di Desember 2021 dan Januari 2022 Bank On December 2021 and January 2022 the Bank
sudah menerima putusan keberatan, dimana received the tax objection decision, whereby tax
Kantor Pajak menerima keberatan PPh Badan office agreed on Rp12,295 of corporate income
sejumlah Rp12.295, PPh 21 Final Rp532 dan tax, Rp532 of Art.21 Final and rejected the other
menolak sisanya sebesar Rp265.488. Rp265,488.
Pada 24 Maret 2022, Bank telah mengajukan On March 24, 2022, the Bank submitted appeal
banding atas putusan PPh Badan, PPh 21 dan letters on the rejected corporate income tax,
PPN yang ditolak dan saat ini sedang menunggu Article 21 and VAT objection decision and
putusan Pengadilan Pajak atas pengajuan currently waiting for the Tax Court decision.
tersebut.
Pada Desember 2023, Bank telah menerima In December 2023, the bank received the
putusan Pengadilan Pajak dengan mengabulkan decision whereby tax court accepted all the
seluruhnya untuk PPh 21, mengabulkan Income Tax Article 21 appeal, accepted
sejumlah Rp22.090 dan menolak sejumlah Rp22,090 and rejected Rp794 of the VAT appeal.
Rp794 untuk PPN. Bank masih menunggu The Bank is still waiting for the corporate income
putusan untuk PPh Badan dan yakin bahwa tax appeal decision. The management believes
Pengadilan Pajak akan menyetujui permohonan that the Tax Court will approve the appeal
banding yang diajukan. submitted by the Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 230
Page 863
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2015 Tax Audit for Fiscal Year 2015
Kantor Pajak telah mengeluarkan Surat Perintah Tax Office had issued Tax Audit Notification
Pemeriksaan Pajak kepada Bank untuk tahun Letter to the Bank for fiscal year 2015 (all taxes)
pajak 2015 (semua jenis pajak) dan Bank telah and the Bank has received Underpayment Tax
menerima Surat Ketetapan Pajak Kurang Bayar Assessment Letter (“SKPKB”) on Corporate
(“SKPKB”) atas Pajak Penghasilan (“PPh”) Income Tax, Income Tax Articles 21, 23 and 26,
Badan, PPh Pasal 21, 23 dan 26, PPh Final Final Income Tax Article 4(2) and Value Added
Pasal 4(2) dan Pajak Pertambahan Nilai (“PPN”) Tax dated April 27 and 28, 2017 amounting to
tertanggal 27 dan 28 April 2017 sebesar Rp209,718 (including penalties and interests).
Rp209.718 (termasuk denda dan bunga).
Bank telah melakukan pembayaran atas The Bank had paid all of the SKPKB and had
seluruh nilai SKPKB tersebut dan mencatat recorded that payment as part of other
pembayaran tersebut sebagai bagian dari receivables (Note 17) after deducted with part
tagihan lainnya (Catatan 17) setelah dikurangi which already agreed by Bank amounting to
dengan bagian pajak telah disetujui oleh Bank Rp47,458. However, the Bank disputed most of
sebesar Rp47.458. Bank tidak menyetujui the items contained in these SKPKBs and
sebagian hasil keputusan di dalam SKPKB already filed 5 (five) Objection Letters on July
tersebut dan telah menyampaikan 5 (lima) surat 26, 2017.
Keberatan Pajak pada 26 Juli 2017.
Di bulan Juni dan Juli 2018, Bank telah In June and July 2018, the Bank already
menerima putusan atas pengajuan keberatan received the tax objection decision on Income
PPh Pasal 23, 26, PPh Final Pasal 4(2), PPN Taxes Articles 23, 26, Final Tax Article 4(2),
dan PPh Badan, dimana Kantor Pajak menolak VAT and Corporate Income Tax, whereby Tax
Surat Keberatan tersebut. Office rejected the Objection Letters.
Bank telah mengajukan surat banding ke Bank already submitted the appeal letters to Tax
Pengadilan Pajak untuk PPh Pasal 23, 26, PPh Court for Income Taxes Articles 23, 26, Final
Final Pasal 4(2), PPN dan PPh Badan pada Tax Article 4(2), VAT and Corporate Income Tax
September dan Oktober 2018. on September and October 2018.
Pada November 2021, Bank telah menerima In November 2021, the Bank has received the
putusan Pengadilan Pajak untuk PPh Pasal 23, Tax Court's decision for Income Tax Articles 23,
26, PPh Final Pasal 4 (2), dan PPN dengan 26, Final PPh Article 4 (2), and VAT with the
hasil sebagian besar diterima oleh Pengadilan results mostly accepted by the Tax Court. In
Pajak. Pada Desember 2021, Bank telah December 2021, the Bank has received the Tax
menerima putusan Pengadilan Pajak untuk PPh Court's decision for Corporate Income Tax with
Badan dengan hasil sebagian besar diterima the result mostly accepted by the Tax Court and
dan menjadi lebih bayar Rp117.006. become overpaid in the amount of Rp117,006.
Atas putusan Pengadilan Pajak yang sudah Upon the agreed Tax Court decision, Tax Office
disetujui, Dirjen Pajak mengajukan permohonan file a Reconsideration Request and the bank
Peninjauan Kembali dan Bank sudah already responded by submitting letters for Final
menyampaikan Kontra Memori PK untuk putusan PPh Article 4 (2) and VAT on April 6, 2022, and
PPh Final Pasal 4 (2) dan PPN pada 6 April 2022, Corporate Income Tax on April 27, 2022.
serta PPh Badan pada 27 April 2022.
231 PT Bank Maybank Indonesia Tbk 2023 Annual Report 861
Page 864
862
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2015 Tax audit for fiscal year 2015 (continued)
(lanjutan)
Pada November 2022 Bank telah menerima In November 2022, the Bank has received the
putusan Mahkamah Agung atas Peninjauan Supreme Court's decision for Reconsideration
Kembali yang diajukan Dirjen Pajak untuk PPN Request submitted by the Tax Office for VAT
dengan hasil menolak seluruhnya. which results fully rejected.
Atas putusan Pengadilan Pajak yang belum On the rejected Tax Court decision, the Bank
disetujui, Bank telah mengajukan Peninjauan submitted a judicial review to the Supreme
Kembali untuk PPh Badan sejumlah Rp69.719 Court for Corporate Income Tax in the amount
pada 21 Maret 2022. Manajemen berpendapat of Rp69,719 on March 21, 2022. The
bahwa Mahkamah Agung akan mengabulkan management believes that the Supreme Court
Peninjauan Kembali yang diajukan Bank. will approve its the Reconsideration Request.
Pemeriksaan pajak tahun pajak 2014 Tax audit for fiscal year 2014
Kantor Pajak telah mengeluarkan Surat Tax Office had issued Tax Audit Notification
Perintah Pemeriksaan Pajak kepada Bank Letter to the Bank for fiscal year 2014 (all taxes)
untuk tahun pajak 2014 (semua jenis pajak) dan and Bank has received Underpayment Tax
Bank telah menerima Surat Ketetapan Pajak Assessment Letter (“SKPKB”) on Corporate
(“SKPKB”) atas PPh Badan, PPh Pasal 21, 23, Income Tax, Income Tax Articles 21, 23, 23/26,
23/26, PPh Pasal 4(2) Final dan PPN di bulan Final Income Tax Article 4(2) and VAT in July
Juli 2018 sebesar Rp84.285 (termasuk denda 2018 amounting to Rp84,285 (including
dan bunga). Bank telah melakukan pembayaran penalties and interests). Bank has already paid
atas seluruh nilai SKPKB tersebut dan mencatat the underpayment and had recorded that
pembayaran tersebut sebagai bagian dari payment as part of other receivables (Note 17)
tagihan lainnya (Catatan 17) setelah dikurangi after deducted with part which already agreed
dengan bagian pajak telah disetujui oleh Bank by Bank amounting to Rp10,183.
sebesar Rp10.183.
Bank telah menyampaikan keberatan atas The Bank has filed objection letters upon
temuan yang tidak disetujui sebesar Rp74.102 disputed amounting to Rp74,102 on VAT and
untuk PPN dan PPh Badan pada tanggal 24 Corporate Income Tax dated October 24 and
dan 26 Oktober 2018. 26, 2018.
Bank telah menerima putusan atas pengajuan Bank already received the tax objection decision
keberatan PPh Badan pada tanggal 26 Agustus on Corporate Income Tax on August 26, 2019,
2019, dimana kantor pajak menolak seluruh whereby Tax Office rejected the objection
keberatan tersebut. Bank telah mengajukan letters. Bank already submitted appeal letters to
surat banding ke Pengadilan Pajak untuk PPh Tax Court for Corporate Income Tax dated
Badan pada tanggal 30 Agustus 2019. August 30, 2019.
Di bulan September 2019, Bank telah In September 2019, the Bank already received
menerima putusan atas pengajuan keberatan the tax objection decision on VAT, whereby Tax
PPN. Dimana Kantor Pajak mengabulkan Office partially granted the objection letters. The
sebagian surat keberatan PPN tersebut. Bank Bank did not agree on this decision and already
tidak menyetujui sebagian hasil di keputusan submitted appeal letters to the Tax Court.
Keberatan dan telah mengajukan banding ke
Pengadilan Pajak.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 232
Page 865
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2014 Tax audit for fiscal year 2014 (continued)
(lanjutan)
Pada bulan Maret 2023 Bank menerima In March 2023, the Bank received the Tax Court
putusan Pengadilan Pajak atas PPN dengan decision for VAT with the results fully accepted.
hasil dikabulkan seluruhnya. Atas putusan Upon agreed Tax Court decision, Tax Office file
Pengadilan Pajak yang disetujui, Dirjen Pajak a Reconsideration Request and the bank
mengajukan Peninjauan Kembali, dan Bank already responded by submitting letters for VAT
sudah menyampaikan Kontra Memori PK untuk on July 12, 2023.
PPN pada tanggal 12 Juli 2023.
Pada Desember 2023, Bank menerima putusan In December 2023, the Bank received the Tax
Pengadilan Pajak atas PPh Badan dengan hasil Court decision for Corporate Income Tax with
dikabulkan sebagian. Atas putusan Pengadilan the results partially accepted. Due to
Pajak yang tidak disetujui, Bank telah unfavorableTax Court decision, the Bank
mengajukan Peninjauan Kembali untuk PPh submitted a judicial review to the Supreme Court
Badan sejumlah Rp23.845 pada 26 Januari for Corporate Income Tax in the amount of
2024. Manajemen berpendapat bahwa Rp23,845 on January 26, 2024. The
Mahkamah Agung akan mengabulkan management believes that the Supreme Court
Peninjauan Kembali yang diajukan tersebut. will approve the Reconsideration Request.
Pemeriksaan pajak tahun pajak 2013 Tax audit for fiscal year 2013
Kantor Pajak telah mengeluarkan Surat Tax Office had issued Tax Audit Notification
Perintah Pemeriksaan Pajak kepada Bank Letter to the Bank for fiscal year 2013 (all taxes)
untuk tahun pajak 2013 (semua jenis pajak) dan and the Bank has received Underpayment Tax
Bank telah menerima Surat Ketetapan Pajak Assessment Letter (“SKPKB”) on Corporate
Kurang Bayar (“SKPKB”) atas Pajak Income Tax and Value Added Tax dated
Penghasilan (“PPh”) Badan, dan Pajak December 27, 2017 amounting to Rp70,951
Pertambahan Nilai (“PPN”) tertanggal (including penalties and interests). The Bank
27 Desember 2017 sebesar Rp70.951 has also received Nil Tax Assessment Letter for
(termasuk denda dan bunga). Sementara untuk Income Tax Articles 21, 23/26 and Final Income
jenis PPh Pasal 21, 23/26 dan 4 ayat (2) Bank Tax Article 4(2). The Bank has already paid the
menerima Surat Ketetapan Pajak Nihil. Bank SKPKB and recorded that payment as part of
telah melakukan pembayaran atas seluruh nilai other receivables (Note 17) after deducted with
SKPKB tersebut dan mencatat pembayaran part which already recognized by Bank
tersebut sebagai bagian dari tagihan lainnya amounting to Rp15,668. Bank already filed
(Catatan 17) setelah dikurangi dengan bagian objection letters for the Corporate Income Tax
pajak telah diakui oleh Bank sebesar Rp15.668. and Value Added Tax disputed items on March
Bank telah menyampaikan surat keberatan 21, 2018.
untuk temuan PPh Badan dan PPN yang tidak
disetujui pada tanggal 21 Maret 2018.
Pada Maret 2019, Bank telah menerima In March 2019, the Bank already received the
putusan keberatan yang menolak seluruh tax objection decisions, whereby Tax Office
pengajuan keberatan Bank. rejected the objections.
233 PT Bank Maybank Indonesia Tbk 2023 Annual Report 863
Page 866
864
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2013 Tax audit for fiscal year 2013 (continued)
(lanjutan)
Bank telah mengajukan banding atas putusan Bank already submitted appeal letters to the Tax
keberatan PPh Badan dan PPN pada Court on Corporate Income Tax and Value
31 Mei 2019. Added Tax dated May 31, 2019.
Pada Oktober 2021, Bank menerima putusan In October 2021, the Bank received the Tax
Pengadilan Pajak atas PPh Badan dan PPN Court's decision for Corporate Income Tax and
dengan hasil sebagian diterima dan sebagian VAT with the results partially accepted and
ditolak. Bank tidak menyetujui putusan ini dan partially rejected. The Bank did not agree with
pada tanggal 27 Desember 2021 telah this decision and on December 27, 2021
mengajukan Peninjauan Kembali ke submitted a judicial review to the Supreme
Mahkamah Agung untuk putusan yang ditolak, Court for the rejected decision, which amounted
yaitu sebesar Rp6.288 untuk PPh Badan dan to Rp6,288 for Corporate Income Tax and
Rp5.935 untuk PPN. Rp5,935 for VAT.
Atas putusan Pengadilan Pajak yang disetujui, Upon agreed Tax Court decision, Tax Office
Dirjen Pajak mengajukan Peninjauan Kembali, filed a Reconsideration Request and the bank
dan Bank sudah menyampaikan Kontra Memori already responded by submitting Tax Memory
PK untuk PPh Badan dan PPN pada tanggal 16 Cons letters for VAT and Corporate Tax on
Februari 2022. February 16, 2022.
Pada Januari 2023 Bank telah menerima In January 2023, the Bank has received the
putusan Mahkamah Agung atas Peninjauan Supreme Court's decision which fully rejected
Kembali yang diajukan Bank untuk PPh Badan the Judicial Review submitted by the Bank for
dengan hasil menolak seluruhnya. Corporate Income Tax.
Pada Maret 2023 Bank telah menerima putusan In March 2023, the Bank has received the
Mahkamah Agung atas Peninjauan Kembali Supreme Court's decision which fully rejected
yang diajukan Bank untuk PPN dengan hasil the Judicial Review submitted by the Bank for
menolak seluruhnya. VAT.
Bank juga telah menerima putusan Mahkamah The Bank also received the Supreme Court's
Agung atas Peninjauan Kembali yang diajukan decision which fully rejected Reconsideration
Dirjen Pajak untuk PPh Badan dan PPN dengan Request submitted by Tax Office for VAT and
hasil menolak seluruhnya. Corporate Income Tax.
Pemeriksaan pajak tahun pajak 2011 Tax audit for fiscal year 2011
Kantor Pajak telah melakukan pemeriksaan Tax Office conducted tax audit for fiscal year
pajak Bank tahun 2011 (Pajak Penghasilan 2011 (Corporate Income Tax) and issued the
Badan) dan telah menerbitkan Surat Ketetapan Underpayment Tax Assessment Letter
Pajak Kurang Bayar ("SKPKB") PPh Badan ("SKPKB”) Corporate Income Tax amounting to
sebesar Rp470.862 (termasuk bunga). Bank Rp470,862 (including interest). Bank disputed
tidak menyetujui seluruh hasil keputusan di all of the items contained in the SKPKB and filed
dalam SKPKB dan telah menyampaikan Surat an objection letter on September 23, 2015. The
Keberatan pada tanggal 23 September 2015. Bank has received Director General of Taxes’
Bank telah menerima Keputusan Dirjen Pajak decision No. KEP-00582/KEB/WPJ/19/2016
No. KEP-00582/KEB/WPJ/19/2016 tentang regarding Objection on SKPKB Corporate
Keberatan Wajib Pajak atas SKPKB PPh Badan Income Tax and partially granted the objection
dan mengabulkan sebagian keberatan and changed the SKPKB to Overpaid of
sehingga jumlah SKPKB menjadi Lebih Bayar Rp22,064.
sebesar Rp22.064.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 234
Page 867
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2011 Tax audit for fiscal year 2011 (continued)
(lanjutan)
Bank tidak menyetujui sebagian hasil di The Bank did not agree on this decision and
keputusan keberatan dan telah mengajukan already filed an appeal letter to Tax Court on
banding ke Pengadilan Pajak pada tanggal 6 December 6, 2016. The Bank received court
Desember 2016. Bank sudah menerima decision dated December 13, 2021 and partially
putusan Pengadilan tertanggal 13 Desember granted the appeal and changed the SKPKB to
2021 yang mengabulkan sebagian pengajuan overpaid of Rp40,893. Upon the rejected
banding, sehingga jumlah SKPKB menjadi lebih Corporate Income Tax Decision, the Bank
bayar Rp40.893. Atas putusan PPh Badan yang submitted a judicial review to the Supreme
belum disetujui, Bank mengajukan peninjauan Court in the amount of Rp19,971 on March 21,
kembali ke Mahkamah Agung sejumlah 2022.
Rp19.971 pada 21 Maret 2022.
Manajemen berpendapat bahwa Mahkamah The management believes that the Supreme
Agung akan mengabulkan Peninjauan Kembali Court will approve the Reconsideration
yang diajukan tersebut. Request.
Pemeriksaan pajak tahun pajak 2008, 2009 Tax audit for fiscal year 2008, 2009, and 2010
dan 2010
Kantor Pajak telah melakukan pemeriksaan untuk Tax Office conducted tax audit for fiscal year
tahun 2008, 2009 dan 2010 dan menerbitkan 2008, 2009 and 2010 and issued the Tax
Surat Ketetapan Pajak Kurang Bayar (“SKPKB”) Assessment Letter for Underpayment
atas Pajak Penghasilan (“PPh”) Badan, PPh (“SKPKB”) on Corporate Income Tax, Income
Pasal 21, 23 dan 26, PPh Final Pasal 4(2) dan Taxes Articles 21, 23 and 26, Final Income Tax
Pajak Pertambahan Nilai (“PPN”) tertanggal 30 Article 4(2) and Value Added Tax dated July 30,
Juli 2013 dan 31 Juli 2013 sebesar Rp371.094 2013 and July 31, 2013 amounting to
untuk 2008, 16 Agustus 2013 dan 19 Agustus Rp371,094 for year 2008, August 16, 2013 and
2013 sebesar Rp274.398 untuk tahun 2009 dan 1 August 19, 2013 amounting to Rp274,398 for
Agustus 2013 sebesar Rp264.538 untuk tahun year 2009 and August 1, 2013 amounting to
2010 (termasuk denda dan bunga). Bank telah Rp264,538 for year 2010 (including penalties
melakukan pembayaran atas seluruh nilai SKPKB and interests). The Bank has paid all of the
tersebut (Catatan 17). Bank tidak menyetujui assessments (Note 17). However, the Bank
sebagian besar hasil keputusan di dalam SKPKB disputed most of the items contained in these
tersebut dan telah menyampaikan 40 (empat SKPKBs and filed 40 (forty) Objection Letters
puluh) Surat Keberatan sebesar Rp768.232 pada against them amounting to Rp768,232 on
tanggal 28 Oktober 2013 dan 29 Oktober 2013 October 28, 2013 and October 29, 2013 and has
dan telah menerima kembali seluruh Surat received all Decision Letters on Objection from
Keputusan atas Keberatan dari Kantor Pajak the Tax Office in relation to all the Bank’s
terkait dengan Surat Keberatan Bank tersebut Objection Letters where Tax Office approved
dimana Kantor Pajak menyetujui keberatan Bank Bank’s objection amounted to Rp27,490.
sebesar Rp27.490.
Bank telah menyampaikan The Bank has already filed 37 (thirty seven)
37 (tiga puluh tujuh) Surat Banding pada Appeal Letters for those Decision Letter on
tanggal 20 November 2014 dan 17 Desember Objection on November 20, 2014 and
2014 untuk Surat Keputusan atas Keberatan December 17, 2014. This tax underpayment
tersebut. Jumlah kurang bayar pajak based on SKPKBs is presented as part of other
berdasarkan SKPKB tersebut disajikan di receivables (Note 17).
dalam bagian tagihan lainnya (Catatan 17).
235 PT Bank Maybank Indonesia Tbk 2023 Annual Report 865
Page 868
866
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Pemeriksaan pajak tahun pajak 2008, 2009 Tax audit for fiscal year 2008, 2009, and 2010
dan 2010 (lanjutan) (continued)
Pada tahun 2020 Bank telah menerima seluruh In 2020 Bank received tax court decisions on
keputusan Pengadilan Pajak untuk PPh Badan, Corporate Income Tax, Income Tax Article 26
PPh Pasal 26 dan PPN untuk 3 Tahun pajak ini. and Value Added Tax for these 3 years. For
Untuk poin yang belum dikabulkan Pengadilan items that have not been approved yet by Tax
Pajak atas PPh Badan Tahun 2008, 2009, 2010 Court related to Corporate Income Tax years
serta PPN 2008 dan 2009, Bank telah 2008, 2009, 2010, also VAT 2008 and 2009, the
mengirimkan Permohonan Peninjauan Kembali Bank has sent Reconsideration Request to
ke Mahkamah Agung. Bank telah menerima Supreme Court. The Bank already received
putusan Mahkamah Agung untuk PPh Badan, Supreme Court’s decision and accepted the
yaitu menerima untuk tahun 2009 dan 2010 Bank’s Reconsideration Request for Corporate
serta menolak untuk tahun 2008. Sementara Income Tax 2009 and 2010, while rejected the
pengajuan PK PPN ditolak olah Mahkamah 2008. The VAT reconsideration request was
Agung. Sampai dengan tanggal laporan also rejected by the Supreme Court. Up to the
keuangan konsolidasian, Bank telah menerima completion of the consolidated financial
sebagian pengembalian atas kelebihan pajak statements, the Bank has received the refund
yang sudah dibayar yaitu sebesar Rp613.783 partially in the amount of Rp613,783 in 2020.
pada tahun 2020.
Atas sengketa PPh Pasal 26 yang telah Regarding the Income Tax Article 26 dispute
dikabulkan seluruhnya oleh Pengadilan Pajak, which has been fully approved by The Tax
Kantor Pajak telah menyampaikan Kontra Court, Tax Office has sent Reconsideration
Memori Peninjauan Kembali kepada Request to Supreme Court.
Mahkamah Agung.
Bank telah menerima putusan Mahkamah The Bank has received the Supreme Court's
Agung atas Peninjauan Kembali yang diajukan decision which fully rejected the
Dirjen Pajak untuk PPh Pasal 26 dengan hasil Reconsideration Request submitted by Tax
menolak seluruhnya. Office for Income Tax Article 26.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 236
Page 869
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM WOM
Tahun pajak 2021 Tax fiscal year 2021
Pada tanggal 4 September 2023, entitas anak On September 4, 2023, the subsidiary received
menerima Surat Permintaan Penjelasan atas Data Request For Explanation of Data and/or
dan/atau Keterangan (“SP2DK”) No. Information Letter (“SP2DK) No. S-
S-116/P2DK/KPP.1901/2023. Berdasarkan hasil 116/P2DK/KPP.1901/2023. Based on the
penelitian, Kantor Pajak menetapkan kurang research of data and/or Information, Tax Office
bayar atas Pajak Penghasilan Pasal 21 (“PPh confirmed the underpayment of Article 21
Pasal 21”), Pajak Pertambahan Nilai (“PPN”), dan Income Tax, Value Added Tax (“VAT”), and
Pajak Penghasilan Badan dengan jumlah Corporate Income Tax with aggregating amount
keseluruhan Rp2.000. Hasil penelitian tersebut to Rp2,000. The result of the research of data
telah disetujui Manajemen entitas anak serta telah and/or Information was agreed by the
dibayarkan seluruhnya. subsidiary’s Management and has been fully
paid.
Tahun pajak 2020 Tax fiscal year 2020
Pada tanggal 29 Juli 2021, entitas anak menerima On July 29, 2021, the subsidiary received Field
Surat Pemberitahuan Pemeriksaan Lapangan Examination Notification Letter No. Pemb-
No. Pemb-00171/WPJ.19/KP.0104/RIK.SIS/2021 00171/WPJ.19/KP.0104/RIK.SIS/2021
tentang pemeriksaan lapangan untuk semua jenis regarding field examination for all taxes for fiscal
pajak tahun pajak 2020. Pada tanggal 25 Oktober year 2020. On October 25, 2021, the subsidiary
2021, entitas anak menerima Surat Perintah received Change Examination Instruction Letter
Pemeriksaan Perubahan No. PRIN-P- No. PRIN-P-
00172/WPJ.19/KP.0104/RIK.SIS/2021. 00172/WPJ.19/KP.0104/RIK.SIS/2021.
Pada tanggal 29 April 2022, entitas anak On April 29, 2022, the subsidiary received Tax
menerima Surat Ketetapan Pajak (“SKP”) untuk Assessment Letters for fiscal year 2020. Based
tahun fiskal 2020. Berdasarkan SKP tersebut, on the Assessment Letters, the Tax Office
Kantor Pajak menetapkan kurang bayar atas confirmed the underpayment of Article 21
Pajak Penghasilan Pasal 21 (“PPh Pasal 21”), Income Tax, Withholding Tax Articles 23/26,
Pajak Penghasilan Pasal 23/26 (“PPh Pasal Withholding Tax Articles 4.2, Value Added Tax
23/26”), Pajak Penghasilan Pasal 4.2 (“PPh Pasal (“VAT”) with aggregating amount to Rp696. The
4.2”), Pajak Pertambahan Nilai (“PPN”) dengan result of the examination was agreed by the
jumlah keseluruhan Rp696. Hasil pemeriksaan subsidiary’s Management and has been fully
tersebut telah disetujui Manajemen entitas anak paid, and the subsidiary not file tax objection to
serta telah dibayarkan seluruhnya, dan entitas the Tax Office.
anak tidak mengajukan keberatan ke Kantor
Pajak.
Tahun pajak 2019 Tax fiscal year 2019
Pada tanggal 7 Juni 2022, entitas anak menerima On June 7, 2022, the subsidiary received
Surat Permintaan Penjelasan atas Data dan/atau Request For Explanation of Data and/or
Keterangan (“SP2DK”) No. SP2DK- Information Letter (“SP2DK) No. SP2DK-
96/WPJ.19/KP.01/2022. Berdasarkan hasil 96/WPJ.19/KP.01/2022. Based on the research
penelitian, Kantor Pajak menetapkan kurang of data and/or Information, Tax Office confirmed
bayar atas Pajak Penghasilan Pasal 21 (“PPh the underpayment of Article 21 Income Tax,
Pasal 21”), Pajak Penghasilan Pasal 23/26 (“PPh Withholding Tax Articles 23/26,Value Added
Pasal 23/26”), Pajak Pertambahan Nilai (“PPN”), Tax (“VAT”), and Corporate Income Tax with
dan Pajak Penghasilan Badan dengan jumlah aggregating amount to Rp4,111. The result of
keseluruhan Rp4.111. Hasil penelitian tersebut the research of data and/or Information was
telah disetujui Manajemen entitas anak serta telah agreed by the subsidiary’s Management and
dibayarkan seluruhnya. has been fully paid.
237 PT Bank Maybank Indonesia Tbk 2023 Annual Report 867
Page 870
868
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun pajak 2018 Tax fiscal year 2018
Pada tanggal 17 Juli 2019, entias anak On July 17, 2019, the subsidiary received Field
menerima Surat Pemberitahuan Pemeriksaan Examination Notification Letter No. Pemb-
Lapangan No. Pemb- 00202/WPJ.19/KP.0105/RIK.SIS/2019
00202/WPJ.19/KP.0105/RIK.SIS/2019 tentang regarding field examination for all taxes for fiscal
pemeriksaan lapangan untuk semua jenis pajak year 2018.
tahun pajak 2018.
Pada tanggal 17 April 2020, entitas anak On April 17, 2020, the subsidiary received Tax
menerima Surat Ketetapan Pajak (“SKP”) untuk Assessment Letters for fiscal year 2018. Based
tahun 238iscal 2018. Berdasarkan SKP on the Assessment Letters, the Tax Office
tersebut, Kantor Pajak menetapkan kurang confirmed the underpayment of Article 21
bayar atas Pajak Penghasilan Pasal 21 (“PPh Income Tax, Withholding Tax Articles 23/26,
Pasal 21”), Pajak Penghasilan Pasal 23/26 Withholding Tax Articles 4.2, Value Added Tax
(“PPh Pasal 23/26”), Pajak Penghasilan Pasal (“VAT”), and Corporate Income Tax with
4.2 (“PPh Pasal 4.2”), Pajak Pertambahan Nilai aggregating amount to Rp17,672. The result of
(“PPN”), dan Pajak Penghasilan Badan dengan the examination was agreed by the subsidiarys
jumlah keseluruhan Rp17.672. Hasil Management and has been fully paid, except for
pemeriksaan tersebut telah disetujui the VAT underpayment assessment of Rp5,364,
Manajemen entitas anak serta telah dibayarkan Corporate Income Tax of Rp5,936, and Income
seluruhnya, kecuali atas ketetapan kurang Tax Article 21 of Rp29, in which the subsidiary
bayar PPN sebesar Rp5.364, Pajak file a tax objection.
Penghasilan Badan Rp5.936, dan PPh Pasal 21
Rp29, entitas anak mengajukan keberatan
pajak.
Pada tanggal 30 Juni 2020, entitas anak On June 30, 2020, the subsidiary has submitted
mengajukan keberatan pajak atas ketetapan tax objection for VAT underpayment assesment
kurang bayar PPN sebesar Rp5.364, Pajak of Rp5,364, Corporate Income Tax of Rp5,936,
Penghasilan Badan Rp5.936, dan PPh Pasal 21 and Income Tax Article 21 of Rp29.
Rp29.
Pada tanggal 23 Agustus 2021, entitas anak On August 23, 2021, the subsidiary received
menerima Surat Keputusan Keberatan atas Objection Decision Letter on VAT Assessment
Surat Ketetapan Pajak PPN masa Desember Letter for period December 2018 which rejected
2018 yang isinya menolak seluruh keberatan all the subsidiary’s objection. On September 27,
entitas anak. Pada tanggal 27 September 2021, 2021, the subsidiary has filed appeal request to
entitas anak telah mengajukan permohonan Tax Court on rejected decision of Rp5,364.
banding ke Pengadilan Pajak atas keputusan Those appeal request is recorded as claim for
yang ditolak sebesar Rp5.364. Permohonan tax refund in other assets (Note 13).
banding tersebut dicatat sebagai taksiran
tagihan pajak pada aset lain-lain (Catatan 13).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 238
Page 871
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun pajak 2018 (lanjutan) Tax fiscal year 2018 (continued)
Pada tanggal 23 Agustus 2021, entitas anak On August 23, 2021, the subsidiary received
menerima Surat Keputusan Keberatan atas Objection Decision Letter on Corporate Income
Surat Ketetapan Pajak PPh Badan Tahun Pajak Tax (CIT) Assessment Letter for Fiscal Year
2018. Dalam Surat Keputusan Keberatan 2018. On that Objection Decision Letter, Tax
tersebut, Kantor Pajak hanya menyetujui Office only partially agreed on CIT objection
sebagian permohonan keberatan Pajak PPh request amounting to Rp1,401. On September
Badan sebesar Rp1.401. Pada tanggal 27 27, 2021, the subsidiary has filed appeal request
September 2021, entitas anak telah to Tax Court on rejected decision of Rp4,514.
mengajukan permohonan banding ke Those appeal request is recorded as claim for
Pengadilan Pajak atas keputusan yang ditolak tax refund in other assets (Note 13). The
sebesar Rp4.514. Permohonan banding subsidiary did not apply the tax appeal request
tersebut dicatat sebagai taksiran tagihan pajak on rejected decision amounting to Rp21.
pada aset lain-lain (Catatan 13). Entitas anak
tidak mengajukan permohonan banding atas
putusan keberatan yang ditolak sebesar Rp21.
Pada tanggal 23 Agustus 2021, entitas anak On August 23, 2021, the subsidiary received
menerima Surat Keputusan Keberatan atas Objection Decision Letter on Withholding Tax
Surat Ketetapan Pajak PPh Pasal 21 masa (WHT) 21 Assessment Letter for period from
Januari sampai Desember 2018 yang isinya January to December 2018 which agreed all the
menyetujui seluruh permohonan keberatan PPh Company’s objection on WHT 21 amounting to
Pasal 21 sebesar Rp29. Rp29.
Pada tanggal 11 Oktober 2023, entitas anak On October 11, 2023, the subsidiary received
menerima Surat Keputusan Pengadilan Pajak Tax Court Decision Letter No. PUT-
No. PUT-010515.15/2021/PP/M.XVIIIB Tahun 010515.15/2021/PP/M.XVIIIB Year 2023 on
2023 atas Ketetapan Pajak PPh Badan Tahun Corporate Income Tax (CIT) Assessment Letter
Pajak 2018 dan Surat Keputusan Pengadilan for Fiscal Year 2018 and Tax Court Decision
Pajak No. PUT-010516.16/2021/PP/M.XVIIIB Letter No. PUT-010516.16/2021/PP/M.XVIIIB
Tahun 2023 atas Surat Ketetapan Kurang Bayar Year 2023 on VAT Underpayment Assesment
PPN masa Desember 2018 yang isinya Letter period December 2018 which fully
mengabulkan seluruhnya banding entitas anak. granting the subsidiary’s appeal. On the results
Atas hasil putusan pengadilan pajak yang of the tax court decision which is fully granting
mengabulkan seluruhnya banding entitas anak the subsidiary’s appeal on VAT and Corporate
atas PPN dan PPh Badan, pada tanggal 10 Income Tax, on November 10, 2023, subsidiary
November 2023, entitas anak telah menerima has received refund amounted Rp4,673 and
pengembalian sebesar Rp4.673 dan Rp4.514, Rp4,514, meanwhile on the tax collection letter
sedangkan atas surat tagihan pajak ("STP") ("STP") amounting to Rp691 is still in the
sebesar Rp691 masih dalam proses pengajuan process of filing a refund at the tax office.
pengembalian di kantor pajak.
Pada tanggal 9 Desember 2023, entitas anak On December 9, 2023, the subsidiary has filed
mengajukan surat permohonan pengembalian refund letter of STP on VAT Underpayment
STP atas Surat Ketetapan Kurang Bayar PPN Assessment Letter period December 2018
masa Desember 2018 sebesar Rp619. amounted to Rp619.
239 PT Bank Maybank Indonesia Tbk 2023 Annual Report 869
Page 872
870
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun pajak 2018 (lanjutan) Tax fiscal year 2018 (continued)
Pada tanggal 9 Januari 2024, entitas anak On January 9, 2024, the subsidiary received
menerima Surat Permohonan Peninjauan Judicial Review Letter which filed by Director
Kembali yang diajukan oleh Direktur Jenderal General of Taxes Letter No. MPK-122/PAN/2024
Pajak No. MPK-122/PAN/2024 atas putusan on Tax Court Decision Letter No. PUT-
pengadilan pajak No. PUT- 004788.16/2021/PP/M.XVIIIB Year 2023 on VAT
004788.16/2021/PP/M.XVIIIB Tahun 2023 atas Underpayment Assesment Letter period
Surat Ketetapan Kurang Bayar PPN masa December 2016.
Desember 2016.
Pada tanggal 2 Februari 2024, entitas anak telah On February 2, 2024 the subsidiary has filed
menyampaikan Jawaban/Kontra Memori Response/Contra Memorandum for Judicial
Peninjauan Kembali atas Permohonan Review on Judicial Review which filed by Director
Peninjauan Kembali yang diajukan oleh Direktur General of Taxes.
Jenderal Pajak.
Sampai dengan tanggal laporan keuangan Up to the issuance date of the financial
diterbitkan, entitas anak belum menerima putusan statements, the subsidiary has not received
dari Mahkamah Agung. decision from the Supreme Court.
Tahun pajak 2017 Tax fiscal year 2017
Pada tanggal 15 September 2020, entitas anak On September 15, 2020, the subsidiary received
menerima Surat Pemberitahuan Pemeriksaan Field Examination Notification Letter No. Pemb-
Lapangan No. Pemb- 00023/WPJ.19/RIK.SIS/2020 regarding field
00023/WPJ.19/RIK.SIS/2020 tentang examination for all taxes for fiscal year 2017.
pemeriksaan lapangan untuk semua jenis pajak
tahun pajak 2017
Pada tanggal 18 Oktober 2021, entitas anak On October 18, 2021, the subsidiary received
menerima Surat Perintah Pemeriksaan Change Examination Instruction Letter No. PRIN-
Perubahan No. PRIN-P-7/WPJ.19/2021. Pada P-7/WPJ.19/2021. On January 11, 2022, the
tanggal 11 Januari 2022, entitas anak subsidiary received Tax Assessment Letters for
menerima Surat Ketetapan Pajak (“SKP”) fiscal year 2017. Based on the Assessment
terkait hasil pemeriksaan pajak tahun fiskal Letters, the Tax Office confirmed the
2017. Berdasarkan SKP tersebut, Kantor Pajak underpayment of Article 21 Income Tax,
menetapkan kurang bayar atas Pajak Withholding Tax Articles 23/26, Withholding Tax
Penghasilan Pasal 21 (“PPh Pasal 21”), Pajak Articles 4.2, Value Added Tax (“VAT”) and
Penghasilan Pasal 23/26 (“PPh Pasal 23/26”), Corporate Income Tax with aggregating amount
Pajak Penghasilan Pasal 4.2 (”PPh Pasal 4.2”), to Rp45,914. On February 9, 2022, the subsidiary
Pajak Pertambahan Nilai (“PPN”), dan Pajak has fully paid those tax underpayments.
Penghasilan Badan dengan jumlah
keseluruhan Rp45.914. Pada tanggal 9
Februari 2022, entitas anak sudah membayar
seluruh kurang bayar pajak tersebut.
Pada tanggal 8 April 2022, entitas anak On April 8, 2022, the subsidiary has submitted tax
mengajukan keberatan pajak atas ketetapan objection for Corporate Income Tax
kurang bayar Pajak Penghasilan Badan sebesar underpayment assesment of Rp39,326, VAT of
Rp39.326, PPN sebesar Rp384, dan PPh Pasal Rp384, and Income Tax Article 23 of Rp193.
23 Rp193. Keberatan pajak tersebut telah dicatat Those tax objections is recorded as claim for tax
sebagai taksiran tagihan pajak pada aset lain- refund in other assets (Note 13).
lain (Catatan 13).
PT Bank Maybank Indonesia Tbk 2023 Annual Report 240
Page 873
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun pajak 2017 (lanjutan) Tax fiscal year 2017 (continued)
Pada tanggal 6 Februari 2023, entitas anak On February 6, 2023, the subsidiary received
menerima Surat Keputusan Keberatan atas Objection Decision Letter on Corporate Income
Surat Ketetapan Pajak PPh Badan Tahun Pajak Tax (CIT) assessment letter for Fiscal Year
2017. Dalam Surat Keputusan Keberatan 2017. On that objection decision, Tax Office only
tersebut, Kantor Pajak hanya menyetujui partially agreed on CIT objection request
sebagian permohonan keberatan Pajak PPh amounting to Rp2,980. On rejected decision of
Badan sebesar Rp2.980. Atas keputusan yang Rp36,346, on May 5, 2023, the subsidiary has
ditolak sebesar Rp36.346, pada tanggal 5 Mei filed appeal request to Tax Court. Up to the
2023, entitas anak telah mengajukan issuance date of the financial statements, the
permohonan banding ke Pengadilan Pajak. subsidiary has not received decision from the
Sampai dengan tanggal laporan keuangan Tax Court.
diterbitkan, entitas anak belum menerima
putusan dari Pengadilan Pajak.
Pada tanggal 6 Februari 2023, entitas anak On February 6, 2023, the subsidiary received
menerima Surat Keputusan Keberatan atas Objection Decision Letter on VAT assessment
Surat Ketetapan Pajak PPN masa Desember letter for period December 2017 which agreed
2017 yang isinya menyetujui seluruh all the Company’s objection on VAT amounting
permohonan keberatan PPN sebesar Rp384. to Rp384.
Pada tanggal 6 Februari 2023, entitas anak On February 6, 2023, the subsidiary received
menerima Surat Keputusan Keberatan atas Objection Decision Letter on Withholding Tax
Ketetapan Pajak PPh Pasal 23 masa Desember (WHT) 23 Assessment Letter for period
2017 yang isinya menyetujui seluruh December 2017 which agreed all the Company’s
permohonan keberatan PPN sebesar Rp193. objection on VAT amounting to Rp193.
Tahun pajak 2016 Tax fiscal year 2016
Pada tanggal 12 April 2018, entitas anak On April 12, 2018, the subsidiary received Field
menerima Surat Pemberitahuan Pemeriksaan Examination Notification Letter No. Pemb-
Lapangan No. Pemb- 00083/WPJ.19/KP.0105/RIK.SIS/2018
00083/WPJ.19/KP.0105/RIK.SIS/2018 tentang regarding field examination for all taxes for fiscal
pemeriksaan lapangan untuk semua jenis pajak year 2016. On November 23, 2018, the
tahun pajak 2016. Pada tanggal 23 November Company received Change Examination
2018, Perusahaan menerima Surat Perintah Instruction Letter No. PRIN-P-
Pemeriksaan Perubahan No. PRIN-P- 00028/WPJ.19/KP.0105/RIK.SIS/2018. On
00028/WPJ.19/KP.0105/RIK.SIS/2018. Pada December 18, 2019, the Company received Tax
tanggal 18 Desember 2019, Perusahaan Assessment Letters for fiscal year 2016. Based
menerima Surat Ketetapan Pajak (“SKP”) untuk on the Assessment Letters, the Tax Office
tahun fiskal 2016. Berdasarkan SKP tersebut, confirmed the underpayment of Article 21
Kantor Pajak menetapkan kurang bayar atas Income Tax, Withholding Tax Articles 23/26,
Pajak Penghasilan Pasal 21 (“PPh Pasal 21”), Value Added Tax (“VAT”), and Corporate
Pajak Penghasilan Pasal 23/26 (“PPh Pasal Income Tax with aggregating amount to
23/26”), Pajak Pertambahan Nilai (“PPN”), dan Rp26,671. The result of the examination was
Pajak Penghasilan Badan dengan jumlah agreed by the subsidiary’s Management and
keseluruhan Rp26.671. Hasil pemeriksaan has been fully paid, except for the VAT
tersebut telah disetujui Manajemen entitas anak underpayment assessment of Rp5,224 and
serta telah dibayarkan seluruhnya, kecuali atas recorded as claim for tax refund in other assets
ketetapan kurang bayar PPN sebesar Rp5.224 (Note 13).
dan dicatat sebagai taksiran tagihan pajak pada
aset lain-lain (Catatan 13).
241 PT Bank Maybank Indonesia Tbk 2023 Annual Report 871
Page 874
872
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun pajak 2016 (lanjutan) Tax fiscal year 2016 (continued)
Pada tanggal 13 Maret 2020, entitas anak On March 13, 2020, the subsidiary has submitted
mengajukan keberatan pajak atas ketetapan tax objection for VAT underpayment assesment
kurang bayar PPN sebesar Rp5.224. of Rp5,224.
Pada tanggal 1 Maret 2021, entitas anak On March 1, 2021, the subsidiary received
menerima Surat Keputusan Keberatan No. Objection Decision Letter No. KEP-
KEP-00117/KEB/WPJ.19/2021 atas ketetapan 00117/KEB/WPJ.19/2021 on VAT underpayment
kurang bayar PPN tahun 2016 yang isinya assesment year 2016 which rejected the
menolak keberatan entitas anak. subsidiary’s objection.
Pada tanggal 30 April 2021, entitas anak On April 30, 2021, the subsidiary filed an appeal
mengajukan banding ke Pengadilan Pajak atas to the Tax Court on rejected decision of Rp5,224.
keputusan yang ditolak sebesar Rp5.224.
Pada tanggal 11 Oktober 2023, entitas anak On October 11, 2023, the subsidiary received Tax
menerima Surat Keputusan Pengadilan Pajak Court Decision Letter No. PUT-
No. PUT-004788.16/2021/PP/M.XVIIIB Tahun 004788.16/2021/PP/M.XVIIIB Year 2023 on VAT
2023 atas Surat Ketetapan Kurang Bayar PPN Underpayment Assesment Letter period
masa Desember 2016 yang isinya December 2016 which fully granting the
mengabulkan seluruhnya banding entitas anak. subsidiary’s appeal. On the results of the tax court
Atas hasil putusan pengadilan pajak yang decision which is fully granting the subsidiary’s
mengabulkan seluruhnya banding entitas anak appeal on VAT, on November 10, 2023 the
atas PPN, pada tanggal 10 November 2023 subsidiary has received refund amounted
entitas anak telah menerima pengembalian Rp4,602 meanwhile on the tax collection letter
sebesar Rp4.602 sedangkan atas surat tagihan ("STP") amounting to Rp622 is still in the process
pajak ("STP") sebesar Rp622 masih dalam of filing a refund at the tax office
proses pengajuan pengembalian di kantor
pajak.
Pada tanggal 9 Desember 2023, entitas anak On December 9, 2023, the subsidiary has filed
mengajukan surat permohonan pengembalian refund letter of STP on VAT Underpayment
STP atas Surat Ketetapan Kurang Bayar PPN Assessment Letter period December 2016
masa Desember 2016 sebesar Rp622. amounted to Rp622.
Pada tanggal 9 Januari 2024, entitas anak On January 9, 2024, the subsidiary received
menerima Surat Permohonan Peninjauan Judicial Review Letter which filed by Director
Kembali yang diajukan oleh Direktur Jenderal General of Taxes Letter No. MPK-122/PAN/2024
Pajak No. MPK-122/PAN/2024 atas putusan on Tax Court Decision Letter No. PUT-
pengadilan pajak No. PUT- 004788.16/2021/PP/M.XVIIIB Year 2023 on VAT
004788.16/2021/PP/M.XVIIIB Tahun 2023 atas Underpayment Assesment Letter period
Surat Ketetapan Kurang Bayar PPN masa December 2016.
Desember 2016.
Pada tanggal 2 Februari 2024, entitas anak telah On February 2, 2024 the subsidiary has filed
menyampaikan Jawaban/Kontra Memori Response/Contra Memorandum for Judicial
Peninjauan Kembali atas Permohonan Review on Judicial Review which filed by Director
Peninjauan Kembali yang diajukan oleh Direktur General of Taxes.
Jenderal Pajak.
Sampai dengan tanggal laporan keuangan Up to the issuance date of the financial
diterbitkan, entitas anak belum menerima putusan statements, the subsidiary has not received
dari Mahkamah Agung. decision from the Supreme Court.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 242
Page 875
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
c. Aset dan liabilitas pajak tangguhan c. Deferred tax assets and liabilities
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the details
rincian aset dan liabilitas pajak tangguhan Bank of deferred tax assets and liabilities of the Bank
dan entitas anaknya sebagai berikut: and subsidiaries are as follows:
31 Desember/December 31, 2023
Dikreditkan/
(dibebankan)
ke laporan Dikreditkan
laba rugi ke ekuitas
konsolidasian/ konsolidasian/
Credited/ Credited to
(charged) to consolidated
consolidated statements
1 Januari/ statements of changes 31 Desember/
January of income in equity December
Aset pajak tangguhan: Deferred tax assets:
Bank Bank
Keuntungan yang belum
direalisasi atas perubahan Unrealized gains
nilai wajar investasi keuangan on changes in fair value of
yang diukur pada niai wajar melalui financial investments measured
penghasilan komprehensif at fair value through other
lain - neto 52.104 - (1.547) 50.557 comprehensive income - net
Cadangan kerugian atas Allowance for possible
aset produktif losses on earning and
dan non-produktif 105.175 83.377 - 188.552 non-earning assets
Penyisihan imbalan Allowance for employee
kerja karyawan 293.002 29.536 (13.511) 309.027 benefits
Cadangan bonus karyawan 53.516 14.617 - 68.133 Allowance for employee bonuses
Penyusutan aset tetap (33.410) (9.212) - (42.622) Fixed assets depreciation
Lain-lain 112.708 (29.610) - 83.098 Others
583.095 88.708 (15.058) 656.745
Entitas anak Subsidiaries
Penyisihan imbalan Allowance for employee
kerja karyawan 24.737 1.879 (838) 25.778 benefits
Cadangan bonus karyawan 6.586 641 - 7.227 Allowance for employee bonuses
Cadangan kerugian Allowance for imparment
penurunan nilai 4.865 267 - 5.132 losses
Penyusutan aset tetap (4.937) (353) - (5.290) Fixed assets depreciation
Lain-lain 364 600 - 964 Others
31.615 3.034 (838) 33.811
Jumlah aset pajak
tangguhan 614.711 91.742 (15.896) 690.557 Total deferred tax assets
31 Desember/December 31, 2022
Dikreditkan/
(dibebankan)
ke laporan Dikreditkan
laba rugi ke ekuitas
konsolidasian/ konsolidasian/
Credited/ Credited to
(charged) to consolidated
consolidated statements
1 Januari/ statements of changes 31 Desember/
January of income in equity December
Aset pajak tangguhan: Deferred tax assets:
Bank Bank
(Kerugian)/keuntungan yang belum
direalisasi atas perubahan Unrealized (losses)/gains
nilai wajar investasi keuangan on changes in fair value of
yang diukur pada niai wajar melalui financial investments measured
penghasilan komprehensif at fair value through other
lain - neto (122.027) - 174.131 52.104 comprehensive income - net
Cadangan kerugian atas Allowance for possible
aset produktif losses on earning and
dan non-produktif 21.397 83.778 - 105.175 non-earning assets
Penyisihan imbalan Allowance for employee
kerja karyawan 333.049 (18.481) (21.566) 293.002 benefits
Cadangan bonus karyawan 45.373 8.143 - 53.516 Allowance for employee bonuses
Penyusutan aset tetap (37.755) 4.345 - (33.410) Fixed assets depreciation
Lain-lain 95.345 17.363 - 112.708 Others
335.382 95.148 152.565 583.095
243 PT Bank Maybank Indonesia Tbk 2023 Annual Report 873
Page 876
874
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
c. Aset dan liabilitas pajak tangguhan c. Deferred tax assets and liabilities (continued)
(lanjutan)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the details
rincian aset dan liabilitas pajak tangguhan Bank of deferred tax assets and liabilities of the Bank
dan entitas anaknya sebagai berikut: (lanjutan) and subsidiaries are as follows: (continued)
31 Desember/December 31, 2022
Dikreditkan/
(dibebankan)
ke laporan Dikreditkan
laba rugi ke ekuitas
konsolidasian/ konsolidasian/
Credited/ Credited
(charged) to consolidated
consolidated statements
1 Januari/ statements of changes 31 Desember/
January of income in equity December
Entitas anak Subsidiary
Penyisihan imbalan Allowance for employee
kerja karyawan 23.710 2.569 (1.542) 24.737 benefits
Cadangan bonus karyawan 5.744 842 - 6.586 Allowance for employee bonuses
Cadangan kerugian Allowance for imparment
penurunan nilai (8.320) 13.185 - 4.865 losses
Penyusutan aset tetap (2.431) (2.506) - (4.937) Fixed assets depreciation
Lain-lain 2.150 (1.786) - 364 Others
20.853 12.304 (1.542) 31.615
Jumlah aset pajak
tangguhan 356.236 107.452 151.023 614.711 Total deferred tax assets
Manajemen berkeyakinan bahwa aset pajak The management believes that the deferred tax
tangguhan yang timbul dari perbedaan assets that resulted from the temporary
temporer dapat direalisasikan pada periode differences are realizable in future periods.
mendatang.
d. Administrasi d. Administration
Berdasarkan Undang-undang Perpajakan yang Under the prevailing Taxation Laws of
berlaku di Indonesia, Bank dan entitas anak Indonesia, the Bank and subsidiaries
menghitung, menetapkan dan membayar calculates, determines and pays tax payable
sendiri besarnya jumlah pajak yang terutang. based on self-assessment. The Directorate
Direktur Jenderal Pajak ("DJP") dapat General of Taxes (“DGT”) may assess or
menetapkan atau mengubah liabilitas pajak amend taxes within five years from the time the
dalam batas waktu lima tahun sejak saat tax becomes due for the fiscal year 2008 and
terutangnya pajak untuk tahun pajak 2008 dan subsequent years.
tahun-tahun selanjutnya.
Perhitungan pajak penghasilan untuk tahun The income tax calculation for the years ended
yang berakhir pada tanggal 31 Desember 2023 December 31, 2023 and 2022 which uses
dan 2022 yang menggunakan penghasilan kena taxable income from the reconciliation result as
pajak hasil rekonsiliasi sebagaimana disclosed in Note 24b will be and has been the
diungkapkan dalam Catatan 24b akan dan telah basis in filing Annual Corporate Income Tax
menjadi dasar dalam pengisian Surat Return.
Pemberitahuan Tahunan (SPT) Pajak
Penghasilan Badan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 244
Page 877
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
25. BEBAN YANG MASIH HARUS DIBAYAR DAN 25. ACCRUED EXPENSES AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN
31 Desember/December 31
2023 2022
Rupiah Rupiah
Penyisihan imbalan kerja Provision for employee benefits
(Catatan 47b) 1.521.830 1.444.263 (Note 47b)
Beban yang masih harus dibayar 643.419 592.522 Accrued expenses
Liabilitas sewa 528.247 228.996 Lease liabilities
Bunga yang masih harus dibayar 233.645 175.821 Accrued interests
Expected credit loss allowance
Cadangan atas kerugian kredit komitmen on commitments and
dan kontijensi (Catatan 32) 93.556 97.442 contigencies (Note 32)
Pendapatan diterima dimuka 31.452 28.928 Deferred income
Setoran jaminan 20.449 16.987 Margin deposits
Lain-lain 471.174 538.143 Others
Sub-jumlah - Rupiah 3.543.772 3.123.102 Sub-total - Rupiah
Mata uang asing Foreign currencies
Beban yang masih harus dibayar 60.744 74.376 Accrued expenses
Bunga yang masih harus dibayar 29.548 10.278 Accrued interests
Expected credit loss allowance
Cadangan atas kerugian kredit komitmen on commitments and
dan kontijensi (Catatan 32) 26.647 24.657 contigencies (Note 32)
Setoran jaminan 24.047 10.400 Margin deposits
Pendapatan diterima dimuka 4.496 4.940 Deferred income
Liabilitas sewa - 81.695 Lease liabilities
Lain-lain 1.752 2.079 Others
Sub-jumlah - Mata uang asing 147.234 208.425 Sub-total - Foreign Currencies
Jumlah 3.691.006 3.331.527 Total
245 PT Bank Maybank Indonesia Tbk 2023 Annual Report 875
Page 878
876
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
25. BEBAN YANG MASIH HARUS DIBAYAR DAN 25. ACCRUED EXPENSES AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN (lanjutan) (continued)
Pada tanggal 31 Desember 2023 dan 2022, beban As of December 31, 2023 and 2022, accrued
yang masih harus dibayar dan liabilitas lain-lain expenses and other liabilities with related parties
dengan pihak berelasi masing-masing sebesar amounted to Rp1,651 and Rp65,569, respectively
Rp1.651 dan Rp65.569 (Catatan 44). (Note 44).
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Pada tanggal 31 Desember 2023 dan 2022, liabilitas As of December 31, 2023 and 2022, other liabilities
lain-lain termasuk penyisihan liabilitas kontinjensi included a provision for contingent liabilities
masing-masing sebesar Rp272.099 dan amounting to Rp272,099 and Rp393,441,
Rp393.441. respectively.
Mutasi jumlah tercatat liabilitas sewa: Movement of lease liabilities:
31 Desember/December 31
2023 2022
Saldo awal 310.691 401.039 Beginning balance
Penambahan selama tahun berjalan 399.670 93.613 Additions for the year
Penambahan bunga (Catatan 15b) 20.085 20.665 Accretion of interest (Note 15b)
Selisih kurs (1.859) 9.601 Translation differences
Pembayaran (200.340) (214.227) Payments
Sub-jumlah 528.247 310.691 Sub-total
Dikurangi: Bagian yang jatuh tempo dalam Less: Portion that will be due
waktu satu tahun 23.657 85.173 within one year
Bagian Jangka Panjang 504.590 225.518 Long - term Portion
Informasi mengenai jatuh tempo terkait liabilitas Information on lease liabilities maturities is as
sewa adalah sebagai berikut: follows:
31 Desember/December 31
2023 2022
Rupiah Rupiah
< 1 bulan 2.969 83 < 1 month
> 1 bulan - 3 bulan - 74 > 1 month - 3 months
> 3 bulan - 6 bulan 292 2.978 > 3 months - 6 months
> 6 bulan - 12 bulan 20.396 82.038 > 6 months - 12 months
> 12 bulan 504.590 143.823 > 12 months
528.247 228.996
Mata uang asing Foreign currency
> 12 bulan - 81.695 > 12 months
528.247 310.691
PT Bank Maybank Indonesia Tbk 2023 Annual Report 246
Page 879
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
26. PINJAMAN DAN OBLIGASI SUBORDINASI 26. SUBORDINATED LOAN AND BONDS
31 Desember/December 31
2023 2022
Long Term Notes Subordinasi 99.451 - Subordinated Long Term Notes
Obligasi Subordinasi - 799.707 Subordinated Bonds
Bagian Jangka Panjang 99.451 799.707 Long - term Portion
a. Long Term Notes Subordinasi a. Subordinated Long Term Notes
31 Desember/December 31, 2023
Jangka waktu Suku Bunga
(bulan)/ per tahun/
Wali Amanat/ Jatuh Tempo/ Tenor Interest rate Jumlah/
Trustee*) Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Long Term Notes Subordinasi Subordinated Long Term Notes
Yang Dilakukan Tanpa Melalui Conducted Without Going Through
Penawaran Umum PT Bank PT Maybank Sekuritas 23 Agustus/ Public Offering PT Bank Maybank
Maybank Indonesia Tbk Tahun 2023 Indonesia August 23, 2033 120 7,90% 100.000 Indonesia Tbk Year 2023
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds
diamortisasi (549) issuance cost
Jumlah nilai tercatat 99.451 Total carrying amount
*) pihak terkait/related party
Long Term Notes Subordinasi yang Subordinated Long Term Notes Conducted
Dilakukan Tanpa Melalui Penawaran Umum Without Going Through Public Offering PT
PT Bank Maybank Indonesia Tbk Tahun Bank Maybank IndonesiaTbk Year 2023
2023 (“LTN Subordinasi) (“Subordinated LTN”)
Pada tanggal 23 Agustus 2023, Bank On August 23, 2023, the Bank issued
menerbitkan LTN Subordinasi sebesar Subordinated LTN amounting to Rp100,000 as
Rp100.000 sebagaimana diatur dalam stipulated in the Financial Services Authority
ketentuan Peraturan Otoritas Jasa Keuangan (OJK) Regulation No. 39/POJK.04/2019
(OJK) No. 39/POJK.04/2019 tentang concerning Issuance of Debt Securities and/or
Penerbitan Efek Bersifat Utang dan/atau Sukuk which are conducted without going
Sukuk yang dilakukan tanpa melalui through a public offering with bearing fixed
penawaran umum dengan tingkat bunga tetap interest rate at 7.90% per annum, with 10 (ten)
sebesar 7,90% per tahun, berjangka waktu 10 years tenor since Issuance Date.
(sepuluh) tahun sejak Tanggal Emisi.
Bunga LTN Subordinasi dibayarkan setiap 3 The interest rate of the Subordinated LTN will
(tiga) bulan sesuai dengan tanggal be paid on quarterly basis based on interest
pembayaran bunga LTN Subordinasi. payment date of the Subordinated LTN has
Pembayaran bunga LTN Subordinasi pertama been made on November 23, 2023, while the
telah dilakukan pada tanggal 23 November last interest payment of the Subordinated LTN
2023, sedangkan pembayaran bunga LTN and due date wll be made on August 23, 2033.
Subordinasi terakhir sekaligus jatuh tempo
pokok LTN Subordinasi akan dilakukan pada
tanggal 23 Agustus 2033.
247 PT Bank Maybank Indonesia Tbk 2023 Annual Report 877
Page 880
878
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
26. PINJAMAN DAN OBLIGASI SUBORDINASI 26. SUBORDINATED LOAN AND BONDS
(lanjutan) (continued)
a. Long Term Notes Subordinasi (lanjutan) a. Subordinated Long Term Notes (contnued)
Pada saat penerbitan LTN Subordinasi dengan At the issuance of Subordinated LTN with
mengacu kepada ketentuan peraturan Otoritas reference to POJK No.11/POJK.03/2016 Article
Jasa Keuangan (“POJK”) No.11/POJK.03/2016 19 (1) c dated January 29, 2016 as last
Pasal 19 (1) c tanggal 29 Januari 2016 amanded through POJK No.27 of 2022 on
sebagaimana terakhir diubah melalui POJK December 28, 2022 regarding Minimum Capital
No.27 tahun 2022 tanggal 28 Desember 2022, Adequacy for Commercial Bank, then
tentang Kewajiban Penyediaan Modal Subordinated LTN was issued with write down
Minimum (“KPMM”) Bank Umum, maka LTN mechanism feature. In relation to that write
Subordinasi diterbitkan dengan memiliki fitur down mechanism feature, if there is any Non
mekanisme write down. Sehubungan dengan Viability Event as stipulated by FSA, the Bank
adanya fitur mekanisme write down tersebut, irrevocably, without approval from the
maka dalam hal telah terjadi Peristiwa Subordinated LTN holders or calling
Terganggu Kelangsungan Usaha sebagaimana Subordinated LTN Holders General Meeting
ditetapkan oleh OJK, Bank secara tidak dapat (“RUPLTN”), will conduct write down.
ditarik kembali, tanpa memerlukan persetujuan
dari pemegang LTN subordinasi atau tanpa
memanggil Rapat Umum Pemegang LTN
Subordinasi (“RUPLTN”), akan melakukan
write down.
Walaupun Bank akan senantiasa menjaga Although the Bank will always maintain its
kelangsungan usahanya, namun di masa yang viability, in the future the Bank may be stated as
akan datang Bank dapat dinyatakan terganggu non viable by FSA, in which the Bank has to
kelangsungan usahanya oleh OJK, dimana conduct write down of Subordinated LTN.
kondisi ini akan mengharuskan Bank untuk
melakukan write down atas LTN subordinasi
yang telah diterbitkan.
Unuk keperluan perhitungan rasio Kewajiban For the purpose of Capital Adequacy Ratio
Penyediaan Modal Minimum (“KPMM”), LTN (“CAR”) calculation, the Subordinated LTN is
subordinasi di atas diperhitungkan sebagai included as supplementary capital after the
modal pelengkap setelah Bank menerima surat Bank received approval letter from FSA No. S-
persetujuan dari OJK No. S-100/PB.32/2023 100/PB.32/2023 dated October 6, 2023.
tanggal 6 Oktober 2023.
LTN Subordinasi ini tidak dijamin dengan Subordinated LTN is not guaranteed by any
jaminan khusus dan tidak dijamin oleh pihak special guarantee and is not guaranteed by a
ketiga, termasuk tidak dijamin oleh Negara third party, including not guaranteed by the
Republik Indonesia dan tidak dimasukkan Republic of Indonesia and is not included in the
dalam program penjaminan bank yang bank guarantee program implemented by the
dilaksanakan oleh Lembaga Penjaminan Lembaga Penjaminan Simpanan (LPS) or other
Simpanan (LPS) atau lembaga penjaminan guarantee institutions are in accordance with
lainnya sesuai dengan peraturan perundang- applicable laws and regulations and are a
undangan yang berlaku dan merupakan subordinated obligation of the issuer.
kewajiban penerbit yang disubordinasi.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 248
Page 881
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
26. PINJAMAN DAN OBLIGASI SUBORDINASI 26. SUBORDINATED LOAN AND BONDS
(lanjutan) (continued)
a. Long Term Notes Subordinasi (lanjutan) a. Subordinated Long Term Notes (continued)
LTN Subordinasi ini tidak memiliki opsi untuk Subordinated LTN does not have a buy back
pembelian kembali sampai dengan jatuh option until the Subordinated LTN matures.
tempo LTN Subordinasi. Dalam kondisi Under certain conditions as intended in Article
tertentu sebagaimana dimaksud Pasal 5 5 of OJK Regulation Number
Peraturan OJK Nomor 30/POJK.04/2019, 30/POJK.04/2019, the Issuer is obliged to buy
Penerbit wajib melakukan pembelian kembali back the Subordinated LTN even though it has
LTN Subordinasi walau belum mencapai 1 not reached 1 (one) year from the Issuance
(satu) tahun dari Tanggal Penerbitan dan Date and must obtain prior approval from the
wajib memperoleh persetujuan terlebih dahulu RUPLTN.
dari RUPLTN.
Bank menerbitkan LTN subordinasi sebagai The Bank issues Subordinated LTN as
Modal Pelengkap (“Tier 2 Capital”) Complementary Capital (“Tier 2 Capital”) as
sebagaimana ditentukan dalam peraturan specified in applicable regulations and will be
yang berlaku dan akan digunakan untuk used for credit distribution and to stregthen the
penyaluran kredit serta untuk memperkuat long-term funding structure.
struktur pendanaan jangka panjang.
b. Obligasi Subordinasi b. Subordinated Bonds
31 Desember/December 31, 2022
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Subordinasi
Berkelanjutan II Shelf Subordinated Bonds II
Bank Maybank Indonesia 10 Juni/ Bank Maybank Indonesia
Tahap II Tahun 2016 PT Bank Mega Tbk idAA (Pefindo) June 10, 2023 84 9,63% 470.000 Tranche II Year 2016
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (172) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak berelasi 469.828 Related parties
Pihak ketiga Third parties
Obligasi Subordinasi
Berkelanjutan II Shelf Subordinated Bonds II
Bank Maybank Indonesia 10 Juni/ Bank Maybank Indonesia
Tahap II Tahun 2016 PT Bank Mega Tbk idAA (Pefindo) June 10, 2023 84 9,63% 330.000 Tranche II Year 2016
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds’
diamortisasi (121) issuance cost
Sub-jumlah nilai tercatat - Sub-total carrying amount -
Pihak ketiga 329.879 Third parties
Jumlah nilai tercatat 799.707 Total carrying amount
*) pihak ketiga/third party
Obligasi Subordinasi Berkelanjutan II Bank Shelf Subordinated Bonds II Bank Maybank
Maybank Indonesia Tahap II Tahun 2016 Indonesia Tranche II Year 2016
Pada tanggal 10 Juni 2016, Bank menerbitkan On June 10, 2016, the Bank issued Shelf
Obligasi Subordinasi Berkelanjutan II Bank Subordinated Bonds II Bank Maybank Indonesia
Maybank Indonesia Tahap II Tahun 2016 sebesar Tranche II Year 2016 amounting to Rp800,000
Rp800.000 dengan tingkat bunga tetap sebesar bearing fixed interest rate at 9.63% per annum, with
9,63% per tahun, berjangka waktu 7 (tujuh) tahun 7 (seven) years tenor since Issuance Date.
sejak Tanggal Emisi.
249 PT Bank Maybank Indonesia Tbk 2023 Annual Report 879
Page 882
880
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
26. PINJAMAN DAN OBLIGASI SUBORDINASI 26. SUBORDINATED LOAN AND BONDS
(lanjutan) (continued)
b. Obligasi Subordinasi (lanjutan) b. Subordinated Bonds (continued)
Obligasi Subordinasi Berkelanjutan II Bank Shelf Subordinated Bonds II Bank Maybank
Maybank Indonesia Tahap II Tahun 2016 Indonesia Tranche II Year 2016 (continued)
(lanjutan)
Bunga obligasi subordinasi dibayarkan setiap 3 The interest of the subordinated bonds will be
(tiga) bulan sesuai dengan tanggal paid on quarterly basis based on interest
pembayaran bunga obligasi subordinasi. payment date of the subordinated bonds was
Pembayaran bunga obligasi subordinasi made on September 10, 2016, while the last
pertama telah dilakukan pada tanggal 10 interest payment of the subordinated bonds and
September 2016, sedangkan pembayaran due date has been made on June 10, 2023.
bunga obligasi subordinasi berakhir sekaligus
jatuh tempo pokok obligasi subordinasi telah
dilakukan pada tanggal 10 Juni 2023.
Pada saat penerbitan Obligasi Subordinasi At the issuance of Shelf Subordinated Bonds II
Berkelanjutan II Bank Maybank Indonesia Bank Maybank Indonesia Tranche II Year 2016
Tahap II Tahun 2016 dengan mengacu kepada with reference to POJK No. 11/POJK.03/2016
ketentuan Peraturan Otoritas Jasa Keuangan Article 19 (1) c dated January 29, 2016 on
(“POJK”) No.11/POJK.03/ 2016 Pasal 19 (1) c Commercial Bank’s Capital Adequacy Ratio
tanggal 29 Januari 2016, tentang Kewajiban (“CAR”), the subordinated bonds was issued
Penyediaan Modal Minimum (“KPMM”) Bank with write down mechanism feature. In relation
Umum, maka obligasi subordinasi diterbitkan to that write down mechanism feature, if there
dengan memiliki fitur mekanisme write down. is any Non Viability Event as stipulated by FSA,
Sehubungan dengan adanya fitur mekanisme the Bank irrevocably, without approval from the
write down tersebut, maka dalam hal telah subordinated bonds holders or calling
terjadi Peristiwa Terganggu Kelangsungan Subordinated Bonds Holders General Meeting
Usaha sebagaimana ditetapkan oleh OJK, (“RUPOS”), will conduct write down.
Bank secara tidak dapat ditarik Kembali, tanpa
memerlukan persetujuan dari pemegang
obligasi subordinasi atau tanpa memanggil
Rapat Umum Pemegang Obligasi Subordinasi
(“RUPOS”), akan melakukan write down.
Walaupun Bank akan senantiasa menjaga Although the Bank will always maintain its
kelangsungan usahanya, namun di masa yang viability, in the future the Bank may be stated as
akan dating Bank dapat dinyatakan terganggu non viable by FSA, in which the Bank has to
kelangsungan usahanya oleh OJK, dimana conduct write down of subordinated bonds
kondisi ini akan mengharuskan Bank untuk issued.
melakukan write down atas obligasi
subordinasi yang telah diterbitkan.
Per tanggal 31 Desember 2022 peringkat yang As December 31, 2022 rating assigned for the
diberikan untuk obligasi subordinasi adalah subordinated bonds is “idAA” from Pefindo and
“idAA” dari Pefindo dan “AA (idn)” dari Fitch. “AA (idn)” from Fitch.
Untuk keperluan perhitungan rasio Kewajiban For the purpose of Capital Adequacy Ratio
Penyediaan Modal Minimum (“KPMM”), (“CAR”) calculation, the subordinated bonds
obligasi subordinasi di atas diperhitungkan have been included as supplementary capital
sebagai modal pelengkap setelah Bank after the Bank received approval letter from
menerima surat persetujuan dari OJK No.S- FSA No.S-71/PB.32/2016 dated October 14,
71/PB.32/2016 tanggal 14 Oktober 2016. 2016.
Obligasi-obligasi subordinasi tersebut tidak The subordinated bonds are not guaranteed
dijamin dengan jaminan khusus, tetapi dijamin with specific guarantee, but guaranteed with all
dengan seluruh harta kekayaan Bank baik assets of the Bank, whether present or future
barang bererak maupun barang tidak bergerak fixed or non-fixed assets in accordance with the
sesuai dengan ketentuan dalam pasal 1131 provisions of Article 1131 and 1132 of the Civil
dan 1132 Kitab Undang-undang Hukum Laws.
Perdata.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 250
Page 883
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
26. PINJAMAN DAN OBLIGASI SUBORDINASI 26. SUBORDINATED LOAN AND BONDS
(lanjutan) (continued)
b. Obligasi Subordinasi (lanjutan) b. Subordinated Bonds (continued)
Obligasi Subordinasi Berkelanjutan II Bank Shelf Subordinated Bonds II Bank Maybank
Maybank Indonesia Tahap II Tahun 2016 Indonesia Tranche II Year 2016 (continued)
(lanjutan)
Selama berlakunya jangka waktu obligasi- During the validity period of subordinated bonds
obligasi subordinasi dan sebelum semua pokok and prior to the redemption of all subordinated
dan bunganya dilunasi, Bank berjanji dan bonds principal and interest, the Bank
mengikatkan diri, tanpa persetujuan tertulis dari represents and binds itself, without written
Wali Amanat tidak akan melakukan hal-hal approval from the Trustee shall not perform the
sebagai berikut: (i) menggunakan sebagian following actions: (i) securing part or all of the
maupun seluruh pendapatan atau harta income or asset of the Bank that exist in the
kekayaan Bank yang ada pada saat ini maupun present or in the future, other than for the Bank’s
di masa yang akan datang, di luar kegiatan business activity; (ii) changing the main
usaha Bank; (ii) melaksanakan perubahan business activity; (iii) reducing the authorized
bidang usaha utama; (iii) mengurangi modal capital and paid up capital, unless such
dasar dan modal disetor, kecuali jika reduction is conducted based on
pengurangan tersebut dilakukan atas dasar request/instruction from the government of the
permintaan/perintah dari Pemerintah Republik Republic of Indonesia and/or competent
Indonesia dan/atau otoritas yang berwenang authority (including but not limited to Bank
(termasuk tetapi tidak terbatas pada Bank Indonesia, Minister of Finance of the Republic of
Indonesia, Menteri Keuangan Negara Republik Indonesia and/or monetary authority or remedial
Indonesia dan/atau otoritas moneter maupun authority in the banking sector in accordance
otoritas penyehatan di bidang perbankan sesuai with the prevailing regulation); (iv) conducting
dengan ketentuan yang berlaku); (iv) merger, consolidation, acquisition with other
mengadakan penggabungan, konsolidasi, company which led to the dissolution of the
akuisisi dengan perusahaan lain yang Bank.
menyebabkan bubarnya Bank.
Obligasi subordinasi ini tidak mempunyai opsi The subordinated bonds have no buy back
untuk pembelian kembali (buy back) sampai option until its maturity date.
dengan jatuh tempo.
Bank menerbitkan obligasi subordinasi untuk The Bank issued subordinated bonds to
meningkatkan aset produktif dalam rangka increase earning assets to support business
pengembangan usaha, terutama untuk growth, mainly for lending, as well as to
penyaluran kredit, serta untuk memperkuat strengthen long-term funding structure.
struktur pendanaan jangka panjang.
Selama tahun 2022 Bank telah memenuhi During the years 2022 the Bank has fulfilled the
ketentuan tentang pembatasan-pembatasan clauses related to the covenants and obligations
dan kewajiban-kewajiban sebagaimana according to the Bonds Trustee Agreements.
disepakati dalam Perjanjian Perwaliamanatan.
Sesuai dengan Peraturan Otoritas Jasa According to Financial Services Authority
Keuangan No. 11/POJK.03/2016 tanggal 29 Regulation No. 11/POJK.03/2016 dated
Januari 2016 sebagaimana terakhir diubah January 29, 2016 as last amended through
melalui POJK No.27 tahun 2022 tanggal 28 POJK No.27 year 2022 dated December 28,
Desember 2022 tentang Kewajiban Penyediaan 2022 regarding Minimum Capital Adequacy for
Modal Minimum Bank Umum menyatakan Public Bank stated that the principal payment
bahwa pembayaran pokok dan atau imbal hasil and or profit sharing are deferred and
ditangguhkan dan diakumulasikan antar periode accumulated for the cummulative period, if the
(cummulative) apabila pembayaran dimaksud aforementioned payment will cause the
dapat menyebabkan rasio KPMM secara individual or consolidated CAR ratio to not
individual atau rasio KPMM secara konsolidasi comply with the requirement described in the
tidak memenuhi ketentuan sebagaimana regulation.
dimaksud dalam peraturan tersebut.
251 PT Bank Maybank Indonesia Tbk 2023 Annual Report 881
Page 884
882
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM 27. SHARE CAPITAL
a. Modal saham a. Share capital
Modal ditempatkan dan disetor penuh Bank The Bank’s issued and fully paid capital as of
pada tanggal 31 Desember 2023 dan 2022 December 31, 2023 and 2022 are as follows:
adalah sebagai berikut:
31 Desember/December 31, 2023
dan/and
31 Desember/December 31, 2022
Nilai nominal
(nilai penuh)/
Jumlah saham/ Nominal amount
Jenis saham Number of shares (full amount) Rp Types of shares
Saham Seri A 388.146.231 900,00 349.332 Series A Shares
Saham Seri B 8.891.200.000 225,00 2.000.520 Series B Shares
Saham Seri D 66.935.849.590 22,50 1.506.056 Series D Shares
Jumlah 76.215.195.821 3.855.908 Total
Susunan pemegang saham Bank pada tanggal The Bank’s shareholders as of December 31,
31 Desember 2023 dan 2022, berdasarkan 2023 and 2022, based on the statement of
laporan dari Biro Administrasi Efek (BAE) - PT Sinartama Gunita, the shares registration
PT Sinartama Gunita adalah sebagai berikut: bureau (Biro Administrasi Efek (BAE)) are as
follows:
31 Desember/December 31, 2023
Jumlah saham/
Pemegang saham % Number of shares Name of shareholder
Sorak Financial Holdings Pte. Ltd. 45,02 34.312.479.550 Sorak Financial Holdings Pte. Ltd.
Maybank Offshore Corporate Services Maybank Offshore Corporate Services
(Labuan) Sdn Bhd 33,96 25.882.393.996 (Labuan) Sdn Bhd
Vital Solution Fund 8,73 6.653.168.749 Vital Solution Fund
Masyarakat 12,29 9.367.153.526 Public
100,00 76.215.195.821
31 Desember/December 31, 2022
Jumlah saham/
Pemegang saham % Number of shares Name of shareholder
Sorak Financial Holdings Pte. Ltd. 45,02 34.312.479.550 Sorak Financial Holdings Pte. Ltd.
Maybank Offshore Corporate Services Maybank Offshore Corporate Services
(Labuan) Sdn Bhd 33,96 25.882.393.996 (Labuan) Sdn Bhd
UBS AG London 18,31 13.953.168.783 UBS AG London
Masyarakat 2,71 2.067.153.492 Public
100,00 76.215.195.821
PT Bank Maybank Indonesia Tbk 2023 Annual Report 252
Page 885
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Semua saham yang diterbitkan oleh Bank, All shares issued by the Bank, i.e. Series A,
seperti Seri A, Seri B, Seri C dan Seri D adalah Series B, Series C and Series D are common
saham biasa, kecuali untuk saham Seri C yang shares, except for Series C, which have
memiliki hak tambahan. Di antara hak additional rights. Among those additional rights
tambahan tersebut ialah hak untuk menerima is that of preferential treatment if the Bank is
sisa likuidasi Bank lebih dahulu. liquidated.
Sejak tahun 2001, saham Bank telah Since 2001, the Bank’s shares have been
diperdagangkan dengan mekanisme traded on a scriptless mechanism.
“scriptless”.
Saham Seri C hanya dapat dimiliki oleh Negara Series C shares may only be owned by the
Republik Indonesia atau badan hukum yang Government of the Republic of Indonesia,
seluruh sahamnya dimiliki oleh Negara companies wholly-owned by the Government of
Republik Indonesia atau badan hukum publik. the Republic of Indonesia or public legal entity.
Jika saham Seri C dijual atau dialihkan ke pihak If any Series C shares are sold or transferred to
lain yang bukan merupakan badan hukum another party that is a non-Government entity
Pemerintah, saham tersebut akan berubah then such Series C shares will be converted
dengan sendirinya menjadi saham Seri B. automatically into Series B shares.
Sejak tahun 2002, Pemerintah Republik Since 2002, the Government of the Republic of
Indonesia telah mencadangkan sejumlah Indonesia has provided certain of its Series C
tertentu saham Seri C yang dimilikinya untuk shares owned to be transferred to the holders
dialihkan kepada pemegang Sertifikat Bukti of Right Certificate (Sertifikat Bukti Hak - SBH)
Hak-SBH berdasarkan pengumuman Badan based on an announcement by the Indonesian
Penyehatan Perbankan Nasional tanggal 21 Bank Restructuring Agency on December 21,
Desember 2002. SBH ini diberikan oleh 2002. The SBH were provided by the
Pemerintah Republik Indonesia kepada pihak Government of the Republic of Indonesia to
yang telah mengambil bagian dalam pembelian parties that took a part of the purchase of Series
saham Seri B sehubungan dengan proses B shares related to the Bank’s recapitalization
rekapitalisasi Bank di tahun 1999, di mana process in 1999, wherein the holders of SBH
pemegang SBH berhak untuk menerima have a right to receive the proceeds from loans
pembayaran pinjaman yang diklasifikasikan classified as “loss”, which were transferred to
sebagai “macet”, yang sebelumnya telah the Indonesian Bank Restructuring Agency.
dialihkan ke Badan Penyehatan Perbankan
Nasional.
Berdasarkan hasil pelaksanaan penawaran Based on the results of Limited Public Offering
umum terbatas V dengan Hak Memesan Efek V with pre-emptive rights to the Bank’s
Terlebih Dahulu (“HMETD”), Bank telah shareholders, The Bank has added
menambah 6.253.554.529 lembar saham 6,253,554,529 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp140,705 on April 26, 2010 and thus
Rp140.705 pada tanggal 26 April 2010 dan the total share capital issued and paid up
dengan demikian jumlah seluruh saham increased to become 56,281,990,760 shares.
ditempatkan dan disetor Bank meningkat
menjadi 56.281.990.760 lembar saham.
253 PT Bank Maybank Indonesia Tbk 2023 Annual Report 883
Page 886
884
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT V dimaksud With the implementation of PUT V the capital
maka susunan permodalan dan pemegang structure and composition of shareholders have
saham Bank per tanggal 21 April 2010 been changed as of April 21, 2010 as stated in
sebagaimana termuat dalam Akta Pernyataan Minutes of Meeting Notarial Deed No. 42 dated
Keputusan Rapat No. 42 tanggal 14 Mei 2010 May 14, 2010, notarized by Notary
yang dibuat dihadapan Poerbaningsih Adi Poerbaningsih Adi Warsito, S.H., in Jakarta and
Warsito, S.H., Notaris di Jakarta dan telah notified to Minister of Justice and Human Rights
diberitahukan kepada Menteri Hukum dan Hak of the Republic of Indonesia and has been
Asasi Manusia Republik Indonesia, acknowledged and registered under approval
serta telah diterima dan dicatat dibawah and acknowledgement notice No. AHU-
bukti penerimaan dan pemberitahuan AH.01.10-30430 dated November 26, 2010 and
No. AHU-AH.01.10-30430 tanggal 26 has been recorded in Company List Record
November 2010 dan telah didaftarkan dalam No. AHU-0085986.AH.01.09. Tahun 2010
Daftar Perseroan No. AHU-0085986.AH.01.09. dated November 26, 2010. Bank's issued and
Tahun 2010, tanggal 26 November 2010. fully paid capital structure changed to
Struktur modal ditempatkan dan disetor Bank Rp3,407,411 which consists of 56,281,990,760
mengalami perubahan menjadi sebesar shares.
Rp3.407.411 yang terdiri dari 56.281.990.760
saham.
Pada tanggal 23 Mei 2011 sampai dengan 26 On May 23, 2011 up to May 26, 2011, Maybank
Mei 2011, Maybank Offshore Corporate Offshore Corporate Services (Labuan) Sdn
Services (Labuan) Sdn Bhd selaku pemegang Bhd as a controlling shareholder, sold 695,500
saham pengendali, melakukan penjualan shares or 0.00127% and 5,239,500 shares or
saham sejumlah 695.500 saham atau sebesar 0.0093% on June 7, 2011 up to June 8, 2011,
0,00127% dan sejumlah 5.239.500 saham atau and 500 shares on May 3, 2012 in order to fulfill
sebesar 0,0093% pada tanggal 7 Juni 2011 Capital Market and Financial Institutions
sampai dengan 8 Juni 2011 dan sejumlah 500 Supervisory Agency (“BAPEPAM-LK”) rule No.
saham pada tanggal 3 Mei 2012, dalam rangka IX.H.1 on Takeover of Public Company,
memenuhi peraturan Badan Pengawas Pasar Attachment of Decision Letter BAPEPAM-LK
Modal dan Lembaga Keuangan (“BAPEPAM- Head No. Kep-259/BL/2008.
LK”) No. IX.H.1 tentang Pengambilalihan
Perusahaan Terbuka, Lampiran Keputusan
Ketua BAPEPAM-LK No. Kep-259/BL/2008.
Berdasarkan hasil pelaksanaan penawaran Based on the results of Limited Public Offering
umum terbatas VI dengan Hak Memesan Efek VI with pre-emptive rights to the Bank’s
Terlebih Dahulu (“HMETD”), Bank telah shareholders, The Bank has added
menambah 4.690.165.897 lembar saham 4,690,165,897 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp105,529 on July 23, 2013 in order to
Rp105.529 pada tanggal 23 Juli 2013 dalam expand the loan and thus the total share capital
rangka ekspansi kredit dan dengan demikian issued and paid up increased to become
jumlah seluruh saham ditempatkan dan disetor 60,972,156,657 shares.
Bank meningkat menjadi 60.972.156.657
lembar saham.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 254
Page 887
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT VI dimaksud With the implementation of PUT VI the capital
maka susunan permodalan dan pemegang structure and composition of shareholders
saham Bank telah berubah per tanggal 23 Juli have been changed as of July 23, 2013 as
2013 sebagaimana termuat dalam Akta stated in Minutes of Meeting Notarial Deed No.
Pernyataan Keputusan Rapat No. 34 tanggal 27 34 dated August 27, 2013 notarized by Notary
Agustus 2013 yang dibuat di hadapan Ir. Ir. Nanette Cahyanie Handari Adi Warsito,
Nanette Cahyanie Handari Adi Warsito, S.H., S.H., in Jakarta and notified to Minister of
Notaris di Jakarta dan telah diberitahukan Justice and Human Rights of the Republic of
kepada Menteri Hukum dan Hak Asasi Manusia Indonesia and has been acknowledged and
Republik Indonesia, serta telah diterima dan registered under approval and
dicatat di bawah bukti penerimaan dan acknowledgement notice No. AHU-AH.01.10-
pemberitahuan No. AHU-AH.01.10-44438 44438 dated October 28, 2013 and has been
tanggal 28 Oktober 2013 dan telah didaftarkan recorded in Company List Record No. AHU-
dalam Daftar Perseroan 0098911.AH.01.09.Tahun 2013 dated
No. AHU-0098911.AH.01.09.Tahun 2013, October 28, 2013. The Bank's issued and fully
tanggal 28 Oktober 2013. Struktur modal paid capital structure changed to
ditempatkan dan disetor Bank mengalami Rp3,512,940 which consists of
perubahan menjadi sebesar Rp3.512.940 yang 60,972,156,657 shares.
terdiri dari 60.972.156.657 saham.
Pada tanggal 22 November 2013, Sorak On November 22, 2013, Sorak Financial
Financial Holdings Pte. Ltd. selaku pemegang Holdings Pte. Ltd. as a controlling shareholder,
saham pengendali, melakukan penjualan sold 5,675,040,000 shares or 9.31% in order to
saham sejumlah 5.675.040.000 saham atau fulfill Capital Market and Financial Institutions
sebesar 9,31%, dalam rangka memenuhi Supervisory Agency (“BAPEPAM-LK”) rule No.
peraturan Badan Pengawas Pasar Modal dan IX.H.1 on Takeover of Public Company,
Lembaga Keuangan (“BAPEPAM-LK”) No. Attachment of Decision Letter BAPEPAM-LK
IX.H.1 tentang Pengambilalihan Perusahaan Head No. Kep-259/BL/2008.
Terbuka, Lampiran Keputusan Ketua
BAPEPAM-LK No. Kep-259/BL/2008.
Berdasarkan hasil pelaksanaan penawaran Based on the results of Limited Public Offering
umum terbatas VII dengan Hak Memesan Efek VII with pre-emptive rights to the Bank’s
Terlebih Dahulu (“HMETD”), Bank telah shareholders, the Bank has added
menambah 6.774.684.073 lembar saham 6,774,684,073 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp152,430 on December 24, 2014 in
Rp152.430 pada tanggal 24 Desember 2014 order to expand the loan and thus the total
dalam rangka ekspansi kredit dan dengan share capital issued and paid up increased to
demikian jumlah seluruh saham ditempatkan become 67,746,840,730 shares.
dan disetor Bank meningkat menjadi
67.746.840.730 lembar saham.
255 PT Bank Maybank Indonesia Tbk 2023 Annual Report 885
Page 888
886
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT VII dimaksud With the implementation of PUT VII the capital
maka susunan permodalan dan pemegang structure and composition of shareholders have
saham Bank telah berubah per tanggal been changed as of December 24, 2014 as
24 Desember 2014 sebagaimana termuat stated in Minutes of Meeting Notarial Deed No.
dalam Akta Pernyataan Keputusan Rapat No. 4 4 dated February 5, 2015 notarized by Notary
tanggal 5 Februari 2015 yang dibuat di hadapan Aryanti Artisari, S.H., M.Kn., in Jakarta and
Aryanti Artisari, S.H., M.Kn., Notaris di Jakarta notified to Minister of Justice and Human Rights
dan telah diberitahukan kepada Menteri Hukum of the Republic of Indonesia and has been
dan Hak Asasi Manusia Republik Indonesia, acknowledged and registered under approval
serta telah diterima dan dicatat di bawah bukti and acknowledgement notice No. AHU-
penerimaan dan pemberitahuan No. AHU- AH.01.03-0008501 dated February 9, 2015 and
AH.01.03-0008501 tanggal 9 Februari 2015 dan has been recorded in Company List Record No.
telah didaftarkan dalam Daftar Perseroan AHU-0016899.AH.01.11.Tahun 2015 dated
No. AHU-0016899.AH.01.11.Tahun 2015, February 9, 2015. The Bank's issued and fully
tanggal 9 Februari 2015. Struktur modal paid capital structure changed to Rp3,665,370
ditempatkan dan disetor Bank mengalami which consists of 67,746,840,730 shares.
perubahan menjadi sebesar Rp3.665.370 yang
terdiri dari 67.746.840.730 saham.
Berdasarkan hasil pelaksanaan Penawaran Based on the results of Limited Public Offering
Umum Terbatas VIII dengan Hak Memesan VIII with pre-emptive rights to the Bank’s
Efek Terlebih Dahulu (“HMETD”), Bank telah shareholders, the Bank has added
menambah 8.468.355.091 lembar saham 8,468,355,091 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp190,538 on June 28, 2018 hence,
Rp190.538 pada tanggal 28 Juni 2018 sehingga the total share capital issued and paid up
jumlah seluruh saham ditempatkan dan disetor increased to become 76,215,195,821 shares.
Bank meningkat menjadi 76.215.195.821
lembar saham.
Dana hasil Penawaran Umum Terbatas VIII The proceeds from the Limited Public Offering
setelah dikurangi biaya-biaya penerbitan VIII after deducted by the issuance costs of the
saham akan dipergunakan untuk memperkokoh shares will be used to strengthen the capital
struktur permodalan dan seluruhnya akan structure and will be used for credit expansion
digunakan untuk ekspansi kredit dalam rangka to support Bank’s business growth and will
pengembangan usaha Perseroan dan akan impact to the increase in Bank's core capital.
berdampak pada peningkatan modal inti
Perseroan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 256
Page 889
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT VIII dimaksud With the realization of PUT VIII, the capital
maka susunan permodalan dan pemegang structure and composition of shareholders have
saham Bank telah berubah per tanggal 29 Juni been changed as of June 29, 2018 as stated in
2018 sebagaimana termuat dalam Akta Minutes of Meeting Notarial Deed No. 33 dated
Pernyataan Keputusan Rapat No. 33 tanggal July 24, 2018 notarized by Notary Aulia
24 Juli 2018 yang dibuat di hadapan Notaris Taufani, SH., Notary in Jakarta and notified to
Aulia Taufani, SH., Notaris di Jakarta dan telah Minister of Justice and Human Rights of the
diberitahukan kepada Menteri Hukum dan Hak Republic of Indonesia and has been
Asasi Manusia Republik Indonesia, serta telah acknowledged and registered under approval
diterima dan dicatat di bawah bukti penerimaan and acknowledgement notice No. AHU-
dan pemberitahuan No. AHU-AH.01.03- AH.01.03-0234513 dated August 21, 2018 and
0234513 tanggal 21 Agustus 2018 dan telah has been recorded in Company List Record No.
didaftarkan dalam Daftar Perseroan AHU-0109514.AH.01.11.Tahun 2018 dated
No. AHU-0109514.AH.01.11.Tahun 2018, August 21, 2018. The Bank's issued and fully
tanggal 21 Agustus 2018. Struktur modal paid capital structure changed to Rp3,855,908
ditempatkan dan disetor Bank mengalami which consists of 76,215,195,821 shares.
perubahan menjadi sebesar Rp3.855.908 yang
terdiri dari 76.215.195.821 saham.
Pada tanggal 8 Desember 2023, UBS AG On December 8, 2023, UBS AG London sold
London, melakukan penjualan saham sejumlah 13,953,168,749 shares or 18.31% to Vital
13.953.168.749 saham atau sebesar 18,31% Solution Fund amounted to 6,653,168,749
kepada Vital Solution Fund sejumlah shares or 8.73% and the rest to public.
6.653.168.749 saham atau sebesar 8,73% dan
sisanya kepada masyarakat.
Dengan adanya transaksi tersebut, maka PT After the completion of this transaction, PT
Bank Maybank Indonesia, Tbk. telah memenuhi Bank Maybank Indonesia, Tbk. has fulfilled the
7,50% porsi saham Free-Float, sebagaimana 7.50% Free-Float share portion, as regulated in
yang diatur dalam Peraturan PT Bursa Efek PT Bursa Efek Indonesia Regulation Number I-
Indonesia Nomor I-A perihal “Pencatatan A "Registration of Shares and Equity Securities
Saham dan Efek bersifat Ekuitas Selain Saham Other than Shares Issued by Listed
yang Diterbitkan oleh Perusahaan Tercatat”. Companies". The Bank has reported this
Perihal terjadinya transaksi tersebut, Bank telah transaction to the Financial Services Authority
menyampaikannya kepada Otoritas Jasa (OJK) Capital Market Supervisory and the
Keuangan (OJK) Pengawas Pasar Modal dan Indonesian Stock Exchange through Letter No.
PT Bursa Efek Indonesia melalui Surat No. S.2023.206/MBI/DIR COMPLIANCE dated
S.2023.206/MBI/DIR COMPLIANCE tertanggal December 12, 2023 regarding Submission of
12 Desember 2023 perihal Penyampaian Information Disclosure Reports for PT Bank
Laporan Keterbukaan Informasi PT Bank Maybank Indonesia, Tbk. and Letter No.
Maybank Indonesia, Tbk. dan Surat No. S.2023.210/MBI/DIR COMPLIANCE dated
S.2023.210/MBI/DIR COMPLIANCE tertanggal December 15, 2023 regarding Submission of
15 Desember 2023 perihal Penyampaian Ownership Reports/Any Changes in Share
Laporan Kepemilikan/Setiap Perubahan Ownership of PT Bank Maybank Indonesia,
Kepemilikan Saham PT Bank Maybank Tbk. in accordance with Financial Services
Indonesia, Tbk. sesuai dengan Peraturan Authority Regulation Number
Otoritas Jasa Keuangan Nomor 11/POJK.04/2017.
11/POJK.04/2017.
257 PT Bank Maybank Indonesia Tbk 2023 Annual Report 887
Page 890
888
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
b. Saldo Laba b. Retained Earning
Berdasarkan keputusan Rapat Umum Based on the decision of The Annual General
Pemegang Saham Tahunan yang dibuat di Meeting of Shareholder which was notarized by
hadapan Notaris Aulia Taufani, S.H. tanggal Aulia Taufani, S.H. dated March 31, 2023, the
31 Maret 2023, para pemegang saham shareholders approved and ratified the 2022
menyetujui dan mengesahkan laporan tahunan annual report and the consolidated financial
2022 dan laporan keuangan konsolidasian statements as of December 31, 2022.
tanggal 31 Desember 2022.
Berdasarkan keputusan Rapat Umum Based on the decision of The Annual General
Pemegang Saham Tahunan yang dibuat di Meeting of Shareholder which was notarized by
hadapan Notaris Aulia Taufani, S.H. tanggal Aulia Taufani, S.H. dated March 25, 2022, the
25 Maret 2022, para pemegang saham shareholders approved and ratified the 2021
menyetujui dan mengesahkan laporan tahunan annual report and the consolidated financial
2021 dan laporan keuangan konsolidasian statements as of December 31, 2021.
tanggal 31 Desember 2021.
28. TAMBAHAN MODAL DISETOR 28. ADDITIONAL PAID-IN CAPITAL
Tambahan modal disetor terdiri dari: Additional paid-in capital consist of:
31 Desember/December 31
2023 2022
Agio saham 6.383.961 6.383.961 Additional paid-in capital
Biaya emisi efek ekuitas (26.585) (26.585) Share issuance costs
6.357.376 6.357.376
Tambahan modal disetor pada tanggal Additional paid in capital as of December 31, 2023
31 Desember 2023 dan 2022 sebesar Rp6.383.961 and 2022 amounted to Rp6,383,961 resulted from
berasal dari Penawaran Umum Terbatas (PUT) Rights Issue (PUT) before deducted by share
sebelum dikurangi dengan biaya-biaya yang terkait issuance cost related to PUT amounting to
PUT sebesar Rp26.585. Rp26,585.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 258
Page 891
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
29. PENGGUNAAN LABA NETO 29. APPROPRIATION OF NET INCOME
Pada tanggal 25 Maret 2022, Bank mengadakan On March 25, 2022, the Bank held an Annual
Rapat Umum Pemegang Saham Tahunan di mana Shareholders’ General Meeting whereby the
pemegang saham menyetujui pembayaran dividen Shareholders approved the payment of cash
tunai sebesar Rp493.491 yang berasal dari laba dividends of Rp493,491 from the 2021 net income
neto yang dapat diatribusikan kepada pemilik atributable to equity holders of the parent company
entitas induk tahun 2021 sebesar Rp1.644.970. of Rp1,644,970. The cash dividends have been
Dividen tunai telah dibayarkan pada tanggal 28 paid on April 28, 2022.
April 2022.
Pada tanggal 31 Maret 2023, Bank mengadakan On March 31, 2023, the Bank held an Annual
Rapat Umum Pemegang Saham Tahunan di mana Shareholders’ General Meeting whereby the
pemegang saham menyetujui pembayaran dividen Shareholders approved the payment of cash
tunai sebesar Rp588.429 yang berasal dari laba dividends of Rp588,429 from the 2022 net income
neto yang dapat diatribusikan kepada pemilik atributable to equity holders of the parent company
entitas induk tahun 2022 sebesar Rp1.471.070. of Rp1,471,070. The cash dividends have been paid
Dividen tunai telah dibayarkan pada tanggal 28 on April 28, 2023.
April 2023.
30. CADANGAN UMUM 30. GENERAL RESERVE
Bank telah membentuk penyisihan cadangan umum The Bank has set-up a general reserve totalling
dengan jumlah masing-masing sebesar Rp771.182 Rp771,182 as of December 31, 2023 and 2022,
per 31 Desember 2023 dan 2022, sesuai dengan respectively, in accordance with the Indonesian
Undang-undang No. 40 tahun 2007 mengenai Limited Company Law No. 40, year 2007 which
Perseroan Terbatas, yang mengharuskan requires companies to set up a general reserve
perusahaan-perusahaan untuk membuat amounting to at least 20.00% of the issued and fully
penyisihan cadangan umum sebesar sekurang- paid share capital. The law does not set period of
kurangnya 20,00% dari jumlah modal yang time over which this amount should be provided.
ditempatkan dan disetor penuh. Undang-undang
tersebut tidak mengatur jangka waktu untuk
pembentukan penyisihan tersebut.
31. SELISIH KURS KARENA PENJABARAN 31. DIFFERENCES ARISING FROM THE
LAPORAN KEUANGAN DALAM MATA UANG TRANSLATION OF FOREIGN CURRENCY
ASING FINANCIAL STATEMENTS
31 Desember/December 31
2023 2022
Differences arising from
Selisih kurs karena penjabaran laporan translation of foreign currency
keuangan cabang Bank financial statements
di luar negeri 42.142 40.657 of overseas branches
259 PT Bank Maybank Indonesia Tbk 2023 Annual Report 889
Page 892
890
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. KOMITMEN DAN KONTINJENSI 32. COMMITMENTS AND CONTINGENCIES
Bank memiliki tagihan dan liabilitas komitmen dan The Bank has commitment and contingent
kontinjensi, sebagai berikut: receivables and liabilities, which are as follows:
31 Desember/December 31
2023 2022
KOMITMEN COMMITMENTS
Tagihan Komitmen Commitment Receivables
Lainnya 140.165 310.500 Others
Jumlah Tagihan Komitmen 140.165 310.500 Total Commitment Receivables
Liabilitas Komitmen Commitment Liabilities
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik 1.171.381 1.185.735 granted to customers
L/C irrevocable yang masih berjalan 1.092.961 873.687 Outstanding irrevocable L/Cs
Lainnya 157.951 310.500 Others
Jumlah Liabilitas Komitmen 2.422.293 2.369.922 Total Commitment Liabilities
KONTINJENSI CONTINGENCIES
Tagihan kontinjensi Contingent receivables
Garansi yang diterima 14.467 1.008 Guarantees received
Jumlah Tagihan Kontinjensi 14.467 1.008 Total Contingent Receivables
Liabilitas Kontinjensi Contingent Liabilities
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi 1.686.164 1.286.301 Bank guarantees
Shiping guarantiees - - Shiping guarantiees
Standby L/Cs 93.859 117.047 Standby L/Cs
Jumlah Liabilitas Kontinjensi 1.780.023 1.403.348 Total Contingent Liabilities
Tagihan komitmen - lainnya dan liabilitas komitmen Commitment receivables - others and commitment
- lainnya timbul akibat penjualan dan pembelian aset liabilities - others resulted from regular way sales
keuangan reguler yang akan diakui pada tanggal and purchases of financial assets which will be
penyelesaian. recognized on the settlement date.
Liabilitas kontinjensi konsolidasian kepada pihak Outstanding consolidated contingent liabilities to
berelasi per 31 Desember 2023 dan 2022 adalah related parties as of December 31, 2023 and 2022
masing-masing sebesar Rp14.827 dan Rp33.255 were Rp14,827 and Rp33,255, respectively
(Catatan 44). (Note 44).
Tagihan dan kewajiban komitmen dan kontinjensi The commitment and contingent receivables and
berdasarkan kolektibilitas adalah sebagai berikut: liabilities based on collectibility are as follows:
31 Desember/December 31, 2023
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
KOMITMEN COMMITMENTS
Tagihan Komitmen 140.165 - - - - 140.165 Commitment Receivables
Liabilitas Komitmen 2.422.293 - - - - 2.422.293 Commitment Liabilities
KONTINJENSI CONTINGENCIES
Tagihan Kontinjensi 14.467 - - - - 14.467 Contingent Receivables
Liabilitas Kontinjensi 1.776.723 3.300 - - - 1.780.023 Contingent Liabilities
PT Bank Maybank Indonesia Tbk 2023 Annual Report 260
Page 893
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. KOMITMEN DAN KONTINJENSI (lanjutan) 32. COMMITMENTS AND CONTINGENCIES
(continued)
Tagihan dan kewajiban komitmen dan kontinjensi The commitment and contingent receivables and
berdasarkan kolektibilitas adalah sebagai berikut: liabilities based on collectibility are as follows:
(lanjutan) (continued)
31 Desember/December 31, 2022
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
KOMITMEN COMMITMENTS
Tagihan Komitmen 310.500 - - - - 310.500 Commitment Receivables
Liabilitas Komitmen 2.369.729 193 - - - 2.369.922 Commitment Liabilities
KONTINJENSI CONTINGENCIES
Tagihan Kontinjensi 1.008 - - - - 1.008 Contingent Receivables
Liabilitas Kontinjensi 1.399.973 3.375 - - - 1.403.348 Contingent Liabilities
Cadangan atas kerugian kredit ekspektasian atas Expected credit loss allowance on commitments
komitmen dan kontinjensi (Catatan 25) adalah and contingencies (Notes 25) are as follows:
sebagai berikut:
31 Desember/December 31
2023 2022
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik 114.849 110.413 granted to customers
Garansi yang diberikan 5.152 9.570 Guarantee issued
L/C irrevocable yang masih berjalan 197 2.115 Outstanding irrevocable L/Cs
Lainnya 5 1 Others
Jumlah 120.203 122.099 Total
Analisis atas perubahan dalam cadangan atas An analysis of change in the corresponding
kerugian kredit ekspektasian terkait untuk komitmen expected credit loss allowances of commitment and
dan kontinjensi sebagai berikut: contingencies is as follows:
31 Desember/December 31, 2023
Stage 1 Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 88.696 18.421 14.982 122.099 allowance
Transfer ke Stage 1 12.315 (11.955) (360) - Transfer to Stage 1
Transfer ke Stage 2 (1.146) 1.171 (25) - Transfer to Stage 2
Transfer ke Stage 3 (165) (507) 672 - Transfer to Stage 3
Perubahan neto (15.465) 8.371 268 (6.826) Net change
Aset baru 27.152 674 35 27.861 New assets originated
Aset dihentikan
pengakuannya (selain Assets derecognised
karena penghapusbukuan) (14.224) (2.726) (5.623) (22.573) (other than write-offs)
Selisih akibat perbedaan kurs (358) - - (358) Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 96.805 13.449 9.949 120.203 allowance
261 PT Bank Maybank Indonesia Tbk 2023 Annual Report 891
Page 894
892
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. KOMITMEN DAN KONTINJENSI (lanjutan) 32. COMMITMENTS AND CONTINGENCIES
(continued)
Analisis atas perubahan dalam cadangan atas An analysis of change in the corresponding
kerugian kredit ekspektasian terkait untuk komitmen expected credit loss allowances of commitment and
dan kontinjensi sebagai berikut: (lanjutan) contingencies is as follows: (continued)
31 Desember/December 31, 2022
Stage 1 Stage 2 Stage 3 Jumlah/Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 75.819 18.207 55.712 149.738 allowance
Transfer ke Stage 1 9.966 (9.544) (422) - Transfer to Stage 1
Transfer ke Stage 2 (1.290) 1.362 (72) - Transfer to Stage 2
Transfer ke Stage 3 (345) (232) 577 - Transfer to Stage 3
Perubahan neto (4.245) 12.281 8.077 16.113 Net change
Aset baru 19.746 321 1.952 22.019 New assets originated
Aset dihentikan
pengakuannya (selain Assets derecognised
karena penghapusbukuan) (14.760) (3.974) (50.842) (69.576) (other than write-offs)
Selisih akibat perbedaan kurs 3.805 - - 3.805 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 88.696 18.421 14.982 122.099 allowance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai telah memadai. impairment losses is adequate.
33. PENDAPATAN BUNGA DAN SYARIAH 33. INTEREST AND SHARIA INCOME
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Kredit yang diberikan 5.647.981 4.977.619 Loans
Syariah 2.482.572 2.090.096 Sharia
Piutang pembiayaan konsumen - neto 2.116.247 1.824.457 Consumer financing receivables - net
Efek-efek 1.398.713 1.312.929 Marketable securities
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 234.582 188.018 and other banks
Lain-lain 3.796 7.335 Others
11.883.891 10.400.454
PT Bank Maybank Indonesia Tbk 2023 Annual Report 262
Page 895
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
33. PENDAPATAN BUNGA DAN SYARIAH (lanjutan) 33. INTEREST AND SHARIA INCOME (continued)
Berikut adalah rincian pendapatan bunga dan This is a breakdown of interest income and Sharia
Syariah menurut klasifikasi instrumen keuangan according to the classification of financial instrument
untuk tahun yang berakhir pada tanggal for the years ended December 31, 2023 and 2022:
31 Desember 2023 dan 2022:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Biaya perolehan diamortisasi Amortised cost
Kredit yang diberikan 5.647.981 4.977.619 Loans
Piutang pembiayaan Consumer financing
konsumen - neto 2.116.247 1.824.457 receivables - net
Efek-efek 383.533 400.140 Marketable securities
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 234.582 188.018 and other banks
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 193.657 211.797 resale agreement
Lain-lain 3.796 7.335 Others
Syariah Sharia
Pendapatan penyaluran dana 1.761.635 1.638.844 Income from fund distributions
Efek-Efek 676.890 411.687 Marketable securities
Penempatan pada Bank Indonesia Placement with Bank Indonesia and
dan bank lain 44.047 39.565 other banks
Nilai wajar melalui laporan laba rugi Fair value through profit or loss
Efek-Efek 77.087 48.108 Marketable securities
Nilai wajar melalui pendapatan Fair value through other
komprehensif lainnya comprehensive income
Efek-Efek 744.436 652.884 Marketable securities
Jumlah 11.883.891 10.400.454 Total
Pada tahun yang berakhir pada tanggal For the years ended December 31, 2023 and 2022,
31 Desember 2023 dan 2022, termasuk dalam in the interest and sharia income, there is income
pendapatan bunga dan syariah di atas adalah from related party amounted to Rp1,238 and Rp735,
pendapatan dari pihak berelasi dengan jumlah respectively (Note 44).
masing-masing sebesar Rp1.238 dan Rp735
(Catatan 44).
34. BEBAN BUNGA DAN SYARIAH 34. INTEREST AND SHARIA EXPENSE
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Deposito berjangka 1.475.158 954.804 Time deposits
Syariah 1.184.501 731.622 Sharia
Giro 596.299 432.337 Demand deposits
Pinjaman diterima 564.591 332.386 Borrowings
Surat berharga yang diterbitkan 331.313 404.284 Securities issued
Premi penjaminan dana pihak ketiga 225.571 216.605 Premium on third party fund guarantees
Tabungan 163.257 185.492 Savings deposits
Call money 72.265 24.474 Call money
Obligasi subordinasi 37.313 77.319 Subordinated bonds
Sertifikat deposito - 63.281 Certificate deposits
4.650.268 3.422.604
263 PT Bank Maybank Indonesia Tbk 2023 Annual Report 893
Page 896
894
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
34. BEBAN BUNGA DAN SYARIAH (lanjutan) 34. INTEREST AND SHARIA EXPENSE (continued)
Jumlah beban bunga yang berasal dari amortisasi Total interest expenses from the amortization of
biaya provisi dan komisi untuk tahun yang berakhir provision and commissions and transaction costs for
pada tanggal 31 Desember 2023 dan 2022 the years ended December 31, 2023 and 2022
masing-masing adalah Rp5.608 dan Rp5.326. amounted Rp5,608 and Rp5,326, respectively.
Pada tahun yang berakhir pada tanggal For the years ended December 31, 2023 and 2022,
31 Desember 2023 dan 2022, termasuk dalam in the interest and sharia expenses, there is
beban bunga dan syariah di atas adalah beban dari expenses from related party amounted to Rp32,707
pihak berelasi dengan jumlah masing-masing and Rp56,656, respectively (Note 44).
sebesar Rp32.707 dan Rp56.656 (Catatan 44).
35. KEUNTUNGAN PENJUALAN EFEK-EFEK YANG 35. GAINS ON SALE OF TRADING SECURITIES AND
DIPERDAGANGKAN DAN INVESTASI FINANCIAL INVESTMENT - NET
KEUANGAN - NETO
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Efek-efek 183.566 55.439 Marketable securities
36. KENAIKAN NILAI EFEK-EFEK YANG 36. INCREASE IN VALUE OF TRADING
DIPERDAGANGKAN - NETO SECURITIES - NET
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Efek-efek 3.603 1.750 Marketable securities
37. PENDAPATAN OPERASIONAL LAINNYA 37. OTHER OPERATING INCOME - OTHER FEE
- PENDAPATAN LAINNYA INCOME
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Pendapatan kembali piutang Collection of receivables
yang telah dihapusbukukan 333.116 109.396 previously written-off
Administrasi piutang pembiayaan Consumer financing receivables
konsumen 251.461 310.742 administration
Administrasi ritel 173.823 201.706 Retail administration
Administrasi kredit yang diberikan 129.681 153.076 Loan administration
Administrasi kartu kredit 122.105 122.462 Credit card administration
Pendapatan jasa konsultasi 48.022 41.878 Advisory fees
Jasa perbankan 42.443 45.359 Banking services
Komisi reksadana 28.565 34.564 Mutual funds commissions and fees
Pendapatan transfer 20.999 20.857 Transfer fees
Administrasi impor dan ekspor 3.769 3.641 Import and export administration
Perbankan investasi 780 15.700 Investment banking
Lain-lain 305.301 221.822 Others
1.460.065 1.281.203
PT Bank Maybank Indonesia Tbk 2023 Annual Report 264
Page 897
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. PENDAPATAN OPERASIONAL LAINNYA 37. OTHER OPERATING INCOME - OTHER FEE
- PENDAPATAN LAINNYA (lanjutan) INCOME (continued)
Lain-lain terutama terdiri atas pendapatan agen Others mainly consist of bonds sales agent fee,
penjualan obligasi, pendapatan dividen dan dividend income and other income that can not be
pendapatan lain-lain yang tidak dapat classified to other accounts.
diklasifikasikan ke akun lain.
38. PENYISIHAN KERUGIAN PENURUNAN NILAI 38. PROVISION FOR IMPAIRMENT LOSSES ON
ATAS INSTRUMEN KEUANGAN - NETO FINANCIAL INSTRUMENTS - NET
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Current accounts with other banks
Giro pada bank lain (Catatan 6) 319 (3.746) (Note 6)
Penempatan pada bank lain (Catatan 7) (1.000) 3.000 Placement with other banks (Note 7)
Investasi keuangan (Catatan 9) (7.094) 2.102 Financial investments (Note 9)
Penyertaan saham (Catatan 9) 3.594 - Investment in shares (Note 9)
Efek-efek yang dibeli dengan janji Securities purchased under resale
dijual kembali (Catatan 10) (1.025) 1.044 agreements (Note 10)
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah (Catatan 12) 859.528 1.063.084 receivables/financing (Note 12)
Piutang pembiayaan Consumer financing
konsumen (Catatan 13) 211.319 145.000 receivables (Note 13)
Tagihan akseptasi (Catatan 14a) (13.429) 9.569 Acceptances receivable (Note 14a)
Tagihan lainnya (Catatan 17) 12.040 45.606 Other receivables (Note 17)
Komitmen dan kontijensi (Catatan 32) (1.538) (31.444) Commitments and contigencies (Note 32)
1.062.714 1.234.215
39. PENYISIHAN KERUGIAN ATAS ASET NON- 39. PROVISION FOR POSSIBLE LOSSES ON NON-
PRODUKTIF EARNING ASSETS
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Agunan yang diambil alih (Catatan 17) 52.346 32.005 Foreclosed assets (Note 17)
Penyisihan kerugian ini dibentuk agunan yang The provision for possible losses is provided
diambil alih dalam bentuk tanah dan bangunan. forclosed assets in the form of lands and buildings.
265 PT Bank Maybank Indonesia Tbk 2023 Annual Report 895
Page 898
896
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
40. BEBAN UMUM DAN ADMINISTRASI 40. GENERAL AND ADMINISTRATIVE EXPENSES
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Umum 617.914 588.302 General
Jasa outsourcing 540.807 539.415 Outsourcing services
Penyusutan dan amortisasi 573.244 497.812 Depreciation and amortization
Perbaikan dan pemeliharaan aset tetap 349.670 353.756 Repairs and maintenance of fixed assets
Promosi 179.896 166.741 Promotions
Komunikasi perbankan 98.704 103.835 Banking communications
Sewa 88.207 89.184 Rental
Pendidikan, penelitian dan Education, research and
pengembangan 76.909 49.797 development
Premi asuransi 73.480 66.624 Insurance premium
Transportasi dan rumah tangga 67.863 54.786 Transportation and housing
Listrik dan air 53.266 52.272 Electricity and water
Telepon 52.726 46.588 Telephone
Cetakan dan alat tulis 20.495 20.434 Printing and stationery
Beban profesional 12.052 32.474 Professional fees
2.805.233 2.662.020
41. BEBAN TENAGA KERJA 41. PERSONNEL EXPENSES
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Gaji, upah, tunjangan pensiun Salaries, wages, pension and
dan pajak 1.668.270 1.548.798 tax allowances
Tunjangan lainnya 473.688 445.286 Other allowances
Bonus 420.974 359.040 Bonuses
Lain-lain 437.135 400.570 Others
3.000.067 2.753.694
Remunerasi untuk tahun-tahun yang berakhir Remuneration packages for the years ended
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows:
berikut:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Dewan Komisaris 21.885 21.127 The Board of Commissioners
Direksi 116.071 106.555 Directors
Komite Audit 1.852 1.717 Audit Committee
Pejabat Eksekutif 270.454 231.054 Executive Officers
Dewan Pengawas Syariah 1.861 1.867 Sharia Supervisory Board
412.123 362.320
PT Bank Maybank Indonesia Tbk 2023 Annual Report 266
Page 899
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
42. PENDAPATAN/(BEBAN) NON-OPERASIONAL - 42. NON-OPERATING INCOME/(EXPENSE) - NET
NETO
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Laba dari penjualan aset tetap
(Catatan 15) 5.013 2.330 Gains on sale of fixed assets (Note 15)
Denda dan sumbangan (1.364) (5.905) Penalties and donations
Beban kegiatan karyawan (6.013) (3.954) Employee activities expenses
Lain-lain - neto 9.150 (8.439) Others - net
6.786 (15.968)
43. LABA PER SAHAM DASAR 43. BASIC EARNINGS PER SHARE
Laba per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing
laba tahun berjalan yang diatribusikan kepada the income for the year attributable to the equity
pemilik entitas induk dengan rata-rata tertimbang holders of the parent company by the weighted
jumlah saham biasa yang beredar pada tahun average number of ordinary shares outstanding
bersangkutan. during the year.
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Income for the year
Laba tahun berjalan diatribusikan attributable to equity holders
kepada pemilik entitas induk 1.743.406 1.471.070 of the parent company
Jumlah rata-rata tertimbang saham Weighted average number of ordinary
biasa yang beredar (nilai penuh) 76.215.195.821 76.215.195.821 shares outstanding (full amount)
Laba per saham dasar (nilai penuh) 22,87 19,30 Basic earnings per share (full amount)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION
PIHAK BERELASI
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
Dewan Komisaris, Direksi dan pejabat Karyawan kunci/Key management personnel, Kredit yang diberikan dan piutang/pembiayaan Syariah/Loans
eksekutif/Board of Commissioners, Directors and Pengurus/Management and Sharia receivables/financing, Simpanan nasabah/Deposits
executive officer from customers, Beban yang masih harus dibayar dan liabilitas
lain-lain/Accrued expenses and other liabilities, Pendapatan
bunga/Interest income, Beban bunga/Interest expenses, Beban
tenaga kerja/Personnel expenses
Malayan Banking Berhad Pemegang saham akhir/Ultimate shareholder Giro pada bank lain/Current accounts with other banks, Tagihan
derivatif/Derivatives receivable, Tagihan akseptasi/Acceptances
receivable, Beban dibayar dimuka dan aset lain-
lain/Prepayments and other assets, Simpanan dari bank
lain/Deposits from other banks, Liabilitas derivatif/Derivatives
payable, Surat berharga yang diterbitkan/Securities issued,
Beban yang masih harus dibayar dan liabilitas lain-lain/Accrued
expenses and other liabilities, Obligasi subordinasi/Subordinated
bonds, Pendapatan bunga/Interest income, Beban
bunga/Interest expenses, Bank garansi/Bank guarantee
Sorak Financial Holdings Pte. Ltd. Pemegang saham/Shareholder Simpanan nasabah/Deposits from customers, Beban
bunga/Interest expenses
Maybank Offshore Corporate Services (Labuan) Pemegang saham/Shareholder Simpanan nasabah/Deposits from customers, Beban
Sdn. Bhd. bunga/Interest expenses
PT Maybank Sekuritas Indonesia Mempunyai pemegang akhir yang sama/Owned by Kredit yang diberikan dari piutang/pembiayaan Syariah/Loans
the same ultimate shareholder and Sharia receivables/financing, Penyertaan saham/ Investment
in shares, Tagihan derivatif/Derivatives receivable, Simpanan
nasabah/Deposits from customers, Liabilitas derivatif/Derivatives
payable, Pendapatan bunga/Interest income, Beban
bunga/Interest expenses
267 PT Bank Maybank Indonesia Tbk 2023 Annual Report 897
Page 900
898
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION (continued)
PIHAK BERELASI (lanjutan)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Maybank Asset Management Mempunyai pemegang akhir yang sama/Owned by Simpanan nasabah/Deposits from customers, Beban
the same ultimate shareholder bunga/Interest expenses
UBS AG *) Pemegang saham/Shareholder Liabilitas akseptasi/Acceptance payables, Giro pada bank
lain/Current accounts with other banks, Pendapatan
bunga/Interest income
MBB Labs Private Limited Mempunyai pemegang akhir yang sama/Owned by Simpanan nasabah/Deposits from customers, Beban
the same ultimate shareholder bunga/Interest expenses
PT Asuransi Etiqa Internasional Indonesia Mempunyai pemegang akhir yang sama/Owned by Kredit yang diberikan dari piutang/Pembiayaan syariah/Loans
the same ultimate shareholder and Sharia receivables/financing, Simpanan nasabah/Deposits
from customers, Pendapatan bunga/Interest income, Beban
bunga/Interest expenses
Maybank Singapore Limited Mempunyai pemegang akhir yang sama/Owned by Simpanan dari bank lain/Deposits from other banks, Beban
the same ultimate shareholder bunga/Interest expenses
*) Sejak 8 Desember 2023, UBS AG sudah tidak menjadi pihak berelasi Bank *) Since December 8, 2023, UBS AG was no longer Bank’s related party
(Catatan 27a) (Notes 27a)
Dalam menjalankan kegiatan usahanya, Bank In the normal course of business, the Bank entered
melakukan transaksi dengan pihak-pihak berelasi into transactions with related parties in accordance
sesuai dengan kebijakan dan persyaratan yang to mutually agreed upon terms and conditions.
telah disepakati bersama.
Saldo aset produktif, simpanan, pinjaman yang The outstanding balances of earning assets,
diterima dan komitmen dan kontinjensi dari pihak deposits, borrowings and commitments and
berelasi adalah sebagai berikut: contingencies with related parties are as follows:
31 Desember/December 31
2023 2022
ASET ASSETS
Current accounts with other banks
Giro pada bank lain (Catatan 6) 96.818 57.932 (Note 6)
Investasi keuangan (Catatan 9) 159.504 159.504 Financial investments (Note 9)
Tagihan derivatif (Catatan 11) 273.660 168.248 Derivatives receivable (Note 11)
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah (Catatan 12) 251.301 108.545 receivables/financing (Note 12)
Tagihan akseptasi (Catatan 14) - 735 Acceptances receivable (Note 14)
Beban yang dibayar di muka dan Prepayments and
aset lain-lain (Catatan 17) 28.658 34.080 other assets (Note 17)
Persentase terhadap jumlah aset Percentage to total assets
Giro pada bank lain 0,06% 0,04% Current accounts with other banks
Investasi keuangan 0,09% 0,10% Financial investments
Tagihan derivatif 0,16% 0,10% Derivatives receivable
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 0,15% 0,07% receivables/financing
Tagihan akseptasi - 0,00% Acceptances receivable
Beban yang dibayar di muka dan Prepayments and
aset lain-lain 0,02% 0,02% other assets
PT Bank Maybank Indonesia Tbk 2023 Annual Report 268
Page 901
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION (continued)
PIHAK BERELASI (lanjutan)
Saldo aset produktif, simpanan, pinjaman yang The outstanding balances of earning assets,
diterima dan komitmen dan kontinjensi dari pihak deposits, borrowings and commitments and
berelasi adalah sebagai berikut: (lanjutan) contingencies with related parties are as follows:
(continued)
31 Desember/December 31
2023 2022
LIABILITAS LIABILITIES
Liabilitas segera (Catatan 18) 1.775 6.395 Obligations due immediately (Note 18)
Simpanan nasabah (Catatan 19) 407.559 448.346 Deposits from customers (Note 19)
Simpanan dari bank lain (Catatan 20) 1.439.158 1.021.657 Deposits from other banks (Note 20)
Liabilitas derivatif (Catatan 11) 252.713 196.534 Derivatives payable (Note 11)
Liabilitas akseptasi (Catatan 14b) 517 21.635 Acceptances payable (Note 14b)
Surat berharga yang diterbitkan
(Catatan 22) 76.409 98.799 Securities issued (Note 22)
Beban yang masih harus dibayar dan Accrued expenses and
liabilitas lain-lain (Catatan 25) 1.651 65.569 other liabilities (Note 25)
Obligasi subordinasi (Catatan 26) 99.451 469.828 Subordinated bonds (Note 26)
Persentase terhadap jumlah liabilitas Percentage to total liabilities
Liabilitas segera 0,00% 0,00% Obligations due immediately
Simpanan nasabah 0,29% 0,34% Deposits from customers
Simpanan dari bank lain 1,02% 0,78% Deposits from other banks
Liabilitas derivatif 0,18% 0,15% Derivatives payable
Liabilitas akseptasi 0,00% 0,02% Acceptances payable
Surat berharga yang diterbitkan 0,05% 0,07% Securities issued
Beban yang masih harus dibayar Accrued expenses and
dan liabilitas lain-lain 0,00% 0,05% other liabilities
Obligasi subordinasi 0,07% 0,36% Subordinated bonds
KOMITMEN DAN KONTINJENSI COMMITMENTS AND CONTINGENCIES
Liabilitas kontijensi Contingent liabilities
Garansi yang diberikan: Guarantee issued in from of:
Bank garansi (Catatan 32) 14.827 33.255 Bank guarantee (Note 32)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
DAN SYARIAH AND SHARIA
Pendapatan bunga dan syariah (Catatan 33) 1.238 735 Interest and sharia income (Note 33)
Beban bunga dan syariah 32.707 56.656 Interest and sharia expenses
Persentase terhadap jumlah pendapatan Percentage to total interest income
bunga dan beban bunga dan syariah and interest expenses and sharia
Pendapatan bunga dan syariah 0,01% 0,01% Interest and sharia income
Beban bunga dan syariah 0,70% 1,78% Interest and sharia expenses
269 PT Bank Maybank Indonesia Tbk 2023 Annual Report 899
Page 902
900
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION (continued)
PIHAK BERELASI (lanjutan)
Kompensasi atas karyawan kunci adalah sebagai Compensation of key management personnel were
berikut: as follows:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Imbalan jangka pendek 362.629 320.103 Short-term benefits
Imbalan jangka panjang 45.781 38.633 Long-term benefits
Jumlah 408.410 358.736 Total
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING DENOMINATED IN FOREIGN CURRENCIES
a. Posisi aset (sebelum dikurangi dengan a. The balances of monetary assets (before
cadangan kerugian penurunan nilai) dan deducting allowance for impairment losses) and
liabilitas moneter dalam mata uang asing pada liabilities denominated in foreign currencies as
tanggal laporan posisi keuangan konsolidasian of the consolidated statements of financial
adalah sebagai berikut: position date are as follows:
31 Desember/December 31
2023 2022
Aset Assets
Kas (Catatan 4) Cash (Note 4)
Dolar Amerika Serikat 76.903 117.378 United States Dollar
Dolar Singapura 41.663 21.012 Singapore Dollar
Lainnya 6.631 6.144 Others
125.197 144.534
Giro pada Bank Indonesia Current Accounts with
(Catatan 5) Bank Indonesia (Note 5)
Dolar Amerika Serikat 1.159.085 1.167.444 United States Dollar
Giro pada bank lain Current accounts with
(Catatan 6) other banks (Note 6)
Dolar Amerika Serikat 1.632.877 1.183.871 United States Dollar
Ringgit Malaysia 83.584 41.729 Malaysian Ringgit
Euro Eropa 80.988 96.486 European Euro
Yen Jepang 63.660 111.106 Japanese Yen
Dolar Singapura 53.546 64.777 Singapore Dollar
Poundsterling Inggris 36.050 28.169 Great Britain Poundsterling
Dolar Australia 28.182 54.414 Australian Dollar
Yuan Tiongkok 26.926 74.655 Chinese Yuan
Dolar Hong Kong 10.105 5.555 Hong Kong Dollar
Dolar Selandia Baru 7.678 8.199 New Zealand Dollar
Rupee India 6.424 8.718 Indian Rupee
Dolar Kanada 5.242 4.210 Canadian Dollar
Franc Swiss 4.402 3.524 Swiss Franc
Lainnya 3.082 6.478 Others
2.042.746 1.691.891
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain (Catatan 7) and other banks (Note 7)
Dolar Amerika Serikat 2.232.565 1.712.425 United States Dollar
Dolar Singapura 58.382 - Singapore Dollar
Rupee India 5.555 16.930 Indian Rupee
2.296.502 1.729.355
Efek-efek yang
diperdagangkan (Catatan 8) Trading securities (Note 8)
Dolar Amerika Serikat 41.016 7.944 United States Dollar
PT Bank Maybank Indonesia Tbk 2023 Annual Report 270
Page 903
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING (lanjutan) DENOMINATED IN FOREIGN CURRENCIES
(continued)
a. Posisi aset (sebelum dikurangi dengan a. The balances of monetary assets (before
cadangan kerugian penurunan nilai) dan deducting allowance for impairment losses) and
liabilitas moneter dalam mata uang asing pada liabilities denominated in foreign currencies as
tanggal laporan posisi keuangan konsolidasian of the consolidated statements of financial
adalah sebagai berikut: (lanjutan) position date are as follows: (continued)
31 Desember/December 31
2023 2022
Investasi keuangan (Catatan 9) Financial investments (Note 9)
Dolar Amerika Serikat 2.818.460 2.957.610 United States Dollar
Rupee India 136.366 192.893 Indian Rupee
Euro Eropa 120.208 146.173 European Euro
3.075.034 3.296.676
Efek-efek yang dibeli dengan Securities purchased under resale
janji dijual kembali (Catatan 10) agreements (Note 10)
Rupee India 3.426 - Indian Rupee
Tagihan derivatif (Catatan 11) Derivatives receivable (Note 11)
Dolar Amerika Serikat 72.475 177.679 United States Dollar
Lainnya 108 31 Others
72.583 177.710
Kredit yang diberikan dan Loans and sharia
piutang/pembiayaan syariah receivables/financing
(Catatan 12) (Note 12)
Dolar Amerika Serikat 14.974.479 17.464.640 United States Dollar
Rupee India 288.992 295.889 Indian Rupee
Dolar Singapura 136.417 239.091 Singapore Dollar
Euro Eropa 50.113 16.401 European Euro
Yuan Tiongkok 45.571 46.918 Chinese Yuan
Dolar Australia 12.933 17.179 Australian Dollar
Yen Jepang 5.609 6.398 Japanese Yen
15.514.114 18.086.516
Tagihan akseptasi (Catatan 14a) Acceptances receivable (Note 14a)
Dolar Amerika Serikat 606.863 763.325 United States Dollar
Franc Swiss 14.273 13.630 Swiss Franc
Yuan Tiongkok 4.925 6.926 Chinese Yuan
Euro Eropa - 60.689 European Euro
626.061 844.570
Beban dibayar dimuka dan
aset lain-lain Prepayments and other assets
Dolar Amerika Serikat 282.597 359.018 United States Dollar
Rupee India 12.429 9.276 Indian Rupee
Yen Jepang 553 22 Japanese Yen
Lainnya 3.087 2.084 Others
298.666 370.400
25.254.430 27.517.040
271 PT Bank Maybank Indonesia Tbk 2023 Annual Report 901
Page 904
902
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING (lanjutan) DENOMINATED IN FOREIGN CURRENCIES
(continued)
a. Posisi aset (sebelum dikurangi dengan cadangan a. The balances of monetary assets (before deducting
kerugian penurunan nilai) dan liabilitas moneter allowance for impairment losses) and liabilities
dalam mata uang asing pada tanggal laporan denominated in foreign currencies as of the
posisi keuangan konsolidasian adalah sebagai consolidated statements of financial position date are
berikut: (lanjutan) as follows: (continued)
31 Desember/December 31
2023 2022
Liabilitas Liabilities
Liabilitas segera (Catatan 18) Obligations due immediately (Note 18)
Dolar Amerika Serikat 41.363 36.230 United States Dollar
Rupee India 4.041 2.107 Indian Rupee
Lainnya 8.164 13.671 Others
53.568 52.008
Simpanan nasabah (Catatan 19) Deposits from customers (Note 19)
Dolar Amerika Serikat 19.674.069 17.304.263 United States Dollar
Yen Jepang 6.393.460 3.614.272 Japanese Yen
Euro Eropa 541.050 777.065 European Euro
Dolar Singapura 421.801 401.014 Singapore Dollar
Dolar Australia 216.868 200.994 Australian Dollar
Poundsterling Inggris 57.886 81.561 Great Britain Poundsterling
Yuan Tiongkok 30.119 77.932 Chinese Yuan
Rupee India 27.092 103.155 Indian Rupee
Ringgit Malaysia 4.778 2.037 Malaysian Ringgit
Lainnya 20 20 Others
27.367.143 22.562.313
Simpanan dari bank lain (Catatan 20) Deposits from other banks (Note 20)
Dolar Amerika Serikat 1.210.218 739.296 United States Dollar
Dollar Singapura 586.454 637.860 Singapore Dollar
Rupee India 8.163 11.819 Indian Rupee
Lainnya 1.510 - Others
1.806.345 1.388.975
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali (Catatan 21) agreements (Note 21)
Rupee India 49.999 111.905 Indian Rupee
Liabilitas derivatif (Catatan 11) Derivatives payable (Note 11)
Dolar Amerika Serikat 70.890 133.705 United States Dollar
Lainnya 275 308 Others
71.165 134.013
Liabilitas akseptasi (Catatan 14b) Acceptances payable (Note 14b)
Dolar Amerika Serikat 344.080 381.931 United States Dollar
Franc Swiss 14.273 13.630 Franc Swiss
Yuan Tiongkok 4.925 3.690 Chinese Yuan
Euro Eropa - 60.689 European Euro
363.278 459.940
Pinjaman diterima (Catatan 23) Borrowings (Note 23)
Dolar Amerika Serikat 1.601.288 1.167.562 United States Dollar
Yen Jepang 458 1.488 Japanese Yen
1.601.746 1.169.050
Utang pajak Taxes payable
Lainnya 1.065 1.217 Others
Beban yang masih harus dibayar Accrued expenses and
dan liabilitas lain-lain (Catatan 25) other liabilities (Note 25)
Dolar Amerika Serikat 55.491 143.635 United States Dollar
Ringgit Malaysia 44.158 56.647 Malaysian Ringgit
Rupee India 41.523 5.243 Indian Rupee
Lainnya 6.062 2.900 Others
147.234 208.425
31.461.543 26.087.846
Posisi (liabilitas)/aset - neto (6.207.113) 1.429.194 (Liabilities)/assets position - net
PT Bank Maybank Indonesia Tbk 2023 Annual Report 272
Page 905
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING (lanjutan) DENOMINATED IN FOREIGN CURRENCIES
(continued)
b. Posisi devisa neto b. Net open position
Pengelolaan posisi devisa neto Bank dilakukan The Bank’s foreign currency position is being
untuk selalu memenuhi ketentuan Bank managed to meet the Bank Indonesia regulation
Indonesia yang mensyaratkan Bank untuk that require the Bank to maintain aggregate net
memelihara Posisi Devisa Neto ("PDN") open position for all foreign currencies not
keseluruhan untuk seluruh valuta asing tidak exceeding 20.00% of the Bank’s capital (Tier I
melebihi 20,00% dari modal Bank (Tier I dan II). and II).
Berikut ini adalah posisi devisa neto Bank per Following is the Bank’s foreign currency net
tanggal 31 Desember 2023 dan 2022: open position as of December 31, 2023
and 2022:
31 Desember/December 31, 2023
Aset/Assets Liabilitas/Liabilities
Laporan Laporan
Posisi Keuangan Posisi Keuangan
dan Rekening dan Rekening
Administratif/ Administratif/
Statement Statement of
of Financial Position Financial Position
and Off-Balance and Off-Balance Nilai neto absolut/
Mata uang Sheet Sheet Net absolute value Currencies
Dolar Amerika Serikat 69.350.958 70.116.852 765.894 United States Dollar
Dolar Australia 476.523 411.507 65.016 Australian Dollar
Dolar Kanada 5.242 7.985 2.743 Canadian Dollar
Franc Swiss 18.604 22.251 3.647 Swiss Franc
Euro Eropa 1.499.741 1.451.032 48.709 European Euro
Poundsterling Inggris 213.448 193.045 20.403 Great Britain Poundsterling
Dolar Hong Kong 10.104 12.302 2.198 Hong Kong Dollar
Rupee India 209.875 150.617 59.258 Indian Rupee
Yen Jepang 7.036.330 7.073.570 37.240 Japanese Yen
Ringgit Malaysia 83.516 52.925 30.591 Malaysian Ringgit
Dolar Selandia Baru 7.677 - 7.677 New Zealand Dollar
Riyal Saudi Arabia 1.463 - 1.463 Arab Saudi Riyal
Dolar Singapura 1.359.827 1.261.882 97.945 Singapore Dollar
Yuan Tiongkok 76.857 73.251 3.606 Chinese Yuan
Baht Thailand 1.616 - 1.616 Thailand Baht
Jumlah 1.148.006 Total
Modal (Catatan 53) 24.878.144 Capital (Note 53)
Rasio Posisi Devisa Neto Net Open Position Ratio
(Laporan posisi keuangan (Statement of financial position
dan rekening administratif) 4,61% and off-balance sheet)
273 PT Bank Maybank Indonesia Tbk 2023 Annual Report 903
Page 906
904
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING (lanjutan) DENOMINATED IN FOREIGN CURRENCIES
(continued)
b. Posisi devisa neto (lanjutan) b. Net open position (continued)
31 Desember/December 31, 2022
Aset/Assets Liabilitas/Liabilities
Laporan Laporan
Posisi Keuangan Posisi Keuangan
dan Rekening dan Rekening
Administratif/ Administratif/
Statement Statement of
of Financial Position Financial Position
and Off-Balance and Off-Balance Nilai neto absolut/
Mata uang Sheet Sheet Net absolute value Currencies
Dolar Amerika Serikat 50.882.517 51.160.220 277.703 United States Dollar
Dolar Australia 407.079 370.481 36.598 Australian Dollar
Dolar Kanada 4.210 7.703 3.493 Canadian Dollar
Franc Swiss 17.138 21.524 4.386 Swiss Franc
Euro Eropa 1.093.037 1.053.305 39.732 European Euro
Poundsterling Inggris 538.890 565.794 26.904 Great Britain Poundsterling
Dolar Hong Kong 5.554 7.816 2.262 Hong Kong Dollar
Rupee India 281.521 235.475 46.046 Indian Rupee
Yen Jepang 3.908.825 3.934.051 25.226 Japanese Yen
Ringgit Malaysia 46.773 71.571 24.798 Malaysian Ringgit
Dolar Selandia Baru 8.198 - 8.198 New Zealand Dollar
Riyal Saudi Arabia 5.096 - 5.096 Arab Saudi Riyal
Dolar Singapura 1.612.014 1.487.901 124.113 Singapore Dollar
Yuan Tiongkok 128.122 122.218 5.904 Chinese Yuan
Baht Thailand 1.922 - 1.922 Thailand Baht
Jumlah 632.381 Total
Modal (Catatan 53) 24.268.084 Capital (Note 53)
Rasio Posisi Devisa Neto Net Open Position Ratio
(Laporan posisi keuangan (Statement of financial position
dan rekening administratif) 2,61% and off-balance sheet)
46. KEPENTINGAN NON-PENGENDALI 46. NON-CONTROLLING INTEREST
Mutasi kepentingan non-pengendali atas kekayaan The movements of the non-controlling interest’s
neto entitas anak adalah sebagai berikut: share in the net assets of the subsidiaries are as
follows:
31 Desember/December 31
2023 2022
Saldo awal 480.957 427.677 Beginning balance
Bagian kepentingan non-pengendali Net income of subsidiaries attributable
atas laba neto entitas anak to non-controlling interest
tahun berjalan 74.344 62.141 for the current year
Keuntungan aktuarial Actuarial gains on
atas program manfaat pasti - defined benefit plan - net
setelah pajak tangguhan 1.153 1.610 of deferred tax
Pembagian dividen tunai (18.740) (10.471) Distribution for cash dividend
Saldo akhir 537.714 480.957 Ending balance
PT Bank Maybank Indonesia Tbk 2023 Annual Report 274
Page 907
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
Berdasarkan kebijakan Bank, karyawan Under the Bank’s policy, in addition to salaries, the
memperoleh tunjangan dan manfaat selain gaji, employees are entitled to allowances and benefits,
yang antara lain berupa Tunjangan Hari Raya such as yearly allowances (THR), leave allowances,
(THR), tunjangan cuti, bonus, asuransi, dana plan, bonus, insurance, pension plan, death benefit,
pensiun, santunan kematian, jaminan sosial employee social security (Badan Penyelenggara
ketenagakerjaan (Badan Penyelenggara Jaminan Jaminan Sosial Ketenagakerjaan (BPJS
Sosial Ketenagakerjaan (BPJS Ketenagakerjaan), Ketenagakerjaan)), and other benefits based on
dan manfaat lainnya berdasarkan Undang-undang Labor Law No. 13/2003.
Ketenagakerjaan No. 13/2003.
Liabilitas atas imbalan pasca kerja lainnya meliputi The liability for post employment benefits consisted
uang pesangon, uang penghargaan masa kerja dan of severance pay, service pay and compensation
uang penggantian hak sesuai dengan Undang- pay based on Labor Law No. 13/2003 and other
undang Tenaga Kerja No. 13/2003 dan kompensasi compensations.
lainnya.
Imbalan jangka panjang lainnya seperti uang pisah, Other long-term employee benefits such as
penghargaan masa kerja, manfaat cacat/sakit separation pay, service award, disability/longterm
berkepanjangan dan cuti panjang dihitung dengan sick leave benefit and long leave service are
menggunakan metode projected unit credit dan calculated using the projected unit credit method
didiskontokan ke nilai kini. and discounted to present value.
Pada November 2020, Pemerintah telah In November 2020, the Government has signed Law
mensahkan UU No.11 Tahun 2020 tentang Cipta No. 11 Year 2020 regarding Job Creation (Job
Kerja (UU Cipta Kerja) yang Creation Law) which amends/removes/adds several
mengganti/menghapus/menambah sebagian regulations in Law No. 13 Year 2003 regarding
ketentuan dalam UU No.13 Tahun 2003 tentang Employment. Subsequently, in February 2021, the
Ketenagakerjaan. Selanjutnya pada bulan Februari Government issued Government Regulation No. 35
2021, Pemerintah mengeluarkan Peraturan Year 2021 regarding Fixed Term Employment
Pemerintah No. 35 Tahun 2021 tentang Perjanjian Contract (PKWT), Outsourcing, Working Time and
Kerja Waktu Tertentu (PKWT), Alih Daya, Waktu Rest Time and Termination as implementation
Kerja dan Waktu Istirahat dan PHK sebagai guidance for the requirements in Job Creation Law.
peraturan pelaksanaan dari ketentuan UU Cipta One of the latest requirements in the Job Creation
Kerja. Salah satu ketentuan terbaru dalam UUCK Law and the Government Regulation No 35/2021 is
dan PP Nomor 35/2021 tersebut adalah ketentuan the requirement regarding mandatory compensation
mengenai uang kompensasi yang wajib dibayarkan to be paid by the Company when the fixed term
oleh Perusahaan dalam hal berakhinya perjanjian employment contract between the Company and the
kerja waktu tertentu antara Perusahaan dengan Employee has ended. The implementation of the
Pekerja. Dengan berlakunya UU Cipta Kerja berikut Job Creation Law and its implementation guidance
dengan peraturan pelaksanaannya, maka ketentuan will have impact to the obligation for post-
tersebut berdampak pada liabilitas imbalan employment benefit.
pascakerja.
a. Dana Pensiun a. Pension Plan
Dana pensiun iuran pasti Bank dikelola oleh The Bank’s defined contribution pension plan is
Dana Pensiun Lembaga Keuangan AIA (DPLK managed by Dana Pensiun Lembaga
- AIA). Untuk dana pensiun iuran pasti entitas Keuangan AIA (DPLK - AIA). Defined
anak (WOM dan MIF) masing-masing dikelola contribution pension plan for subsidiaries
Dana Pensiun Lembaga Keuangan AIA (DPLK (WOM and MIF) is managed by Dana Pensiun
- AIA) dan Dana Pensiun Lembaga Keuangan Lembaga Keuangan AIA (DPLK - AIA) and
AIG (DPLK - AIG). Semua lembaga tersebut Dana Pensiun Lembaga Keuangan AIG (DPLK
merupakan pihak ketiga Bank dan entitas anak. - AIG). All the respective institutions are Bank
and its subsidiaries third party.
275 PT Bank Maybank Indonesia Tbk 2023 Annual Report 905
Page 908
906
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
a. Dana Pensiun (lanjutan) a. Pension Plan (continued)
Syarat untuk menjadi peserta program pensiun The requirements to become participants of the
Bank adalah pegawai tetap Bank yang ingin Bank’s pension plan are permanent employees
menjadi peserta program pensiun dan berumur who are interested to become participants of
di atas 18 tahun atau telah menikah. the pension plan and above 18 years of age or
are married.
Iuran pensiun DPLK - AIA Bank sampai dengan The contribution for Bank’s DPLK - AIA until
Juni 2015 ditetapkan sebesar 8,76% dari gaji June 2015 is determined at 8.76% of the
karyawan peserta dana pensiun, di mana employees’ salary who join the pension plan, of
5,76% ditanggung Bank dan sisanya sebesar which 5.76% is contributed by the Bank and the
3,00% ditanggung oleh karyawan. Sehubungan remaining 3.00% is contributed by the
dengan pelaksanaan program BPJS Pensiun employee. With regards to the implementation
dari Pemerintah (PP No. 45/2015), maka mulai of new BPJS Pension program from
Juli 2015, program pensiun telah terintegrasi Government (PP No.45/2015), starting
antara Iuran Dana Pensiun DPLK - AIA dengan July 2015, the Bank decided to integrate
Iuran BPJS Pensiun. Iuran pensiun DPLK - AIA pension plan, consisting of DPLK - AIA
ditetapkan menjadi 3,76% ditanggung oleh contribution and BPJS Pension contribution.
Bank dan 2,00% ditanggung oleh karyawan. The contribution for DPLK - AIA is determined
Ditambah dengan kontribusi ke program BPJS at 3.76% contributed by the Bank and 2.00%
Pensiun sebesar 2,00% ditanggung oleh Bank contributed by the employee. These
dan 1,00% akan ditanggung oleh karyawan. contributions will be added with BPJS
Beban pensiun Bank selama periode yang Pension’s contribution which consists of 2.00%
berakhir pada tanggal 31 Desember 2023 dan contribution from the Bank and 1.00%
2022, masing-masing berjumlah Rp31.798 dan contribution from the employee. The Bank’s
Rp30.620 yang termasuk dalam laporan laba pension expense for the periods ended
rugi dan penghasilan komprehensif lain December 31, 2023 and 2022, amounted to
konsolidasian. Rp31,798 and Rp30,620 respectively, included
under the consolidated statements of profit and
loss and other comprehensive income.
Alokasi dari dana pensiun iuran pasti Bank The allocation of Bank’s defined contribution
yang dikelola oleh DPLK-AIA adalah sebagai pension plan which is managed by DPLK-AIA is
berikut: as follow:
31 Desember/December 31
2023 2022
Dana saham 33,03% 37,86% Stocks funding
Dana tetap 64,04% 56,53% Fixed income funding
Dana pasar uang 2,93% 5,61% Money Market funding
Jumlah 100.00% 100.00% Total
PT Bank Maybank Indonesia Tbk 2023 Annual Report 276
Page 909
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan b. Provision for Employee Benefits
Aktuaria dan tanggal laporan aktuaria Bank dan The actuaries and actuarial reports dates of the
entitas anak adalah sebagai berikut: Bank and subsidiaries are as follows:
31 Desember/December 31
2023 2022
Tanggal Tanggal
Laporan Laporan
Aktuaris/ Aktuaris/
Actuarial Actuarial
Aktuaris/ Report Aktuaris/ Report
Actuary Date Actuary Date
Kantor Konsultan Kantor Konsultan
Aktuaria Yusi dan Aktuaria Yusi dan
Rekan (dahulu/ 8 Januari/ Rekan (dahulu/ 8 Januari/
formerly PT Sentra January 8, formerly PT Sentra January 8,
Bank Jasa Aktuaria) 2024 Jasa Aktuaria) 2023 Bank
Kantor Konsultan Kantor Konsultan
Aktuaria Yusi dan Aktuaria Yusi dan
Rekan (dahulu/ 6 Januari/ Rekan (dahulu/ 6 Januari/
PT Maybank Indonesia formerly PT Sentra January 6, formerly PT Sentra January 6, PT Maybank Indonesia
Finance Jasa Aktuaria) 2024 Jasa Aktuaria) 2023 Finance
Kantor Konsultan Kantor Konsultan
Aktuaria Yusi dan Aktuaria Yusi dan
Rekan (dahulu/ 7 Januari/ Rekan (dahulu/ 7 Januari/
PT Wahana Ottomitra formerly PT Sentra January 7, formerly PT Sentra January 7, PT Wahana Ottomitra
Multiartha Tbk Jasa Aktuaria) 2024 Jasa Aktuaria) 2023 Multiartha Tbk
Kewajiban imbalan karyawan adalah sebagai The employees’ benefit obligations are as
berikut: follows:
31 Desember/December 31
2023 2022 2021 2020 2019
Nilai kini kewajiban
Imbalan pasti Present value of defined benefit
diakui dalam obligations recognized
tahun berjalan (1.521.830) (1.444.263) (1.416.914) (1.440.066) (1.537.961) during the year
Perubahan nilai kini kewajiban imbalan pasti The changes in the present value of defined
adalah sebagai berikut: benefit obligation are as follows:
31 Desember/December 31
2023 2022
Nilai kini kewajiban imbalan Present value of defined benefit obligations
pasti pada awal tahun 1.444.263 1.416.914 at the beginning of the year
Biaya jasa 171.127 168.295 Service cost
Manfaat yang dibayarkan (129.827) (122.674) Benefit paid
Biaya bunga 98.345 83.495 Interest cost
Keuntungan aktuaria (62.078) (101.767) Actuarial gains
Jumlah 1.521.830 1.444.263 Total
277 PT Bank Maybank Indonesia Tbk 2023 Annual Report 907
Page 910
908
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits (continued)
Mutasi kewajiban imbalan karyawan adalah Changes in the employee benefits obligations
sebagai berikut: are as follows:
31 Desember/December 31
2023 2022
Saldo awal (1.444.263) (1.416.914) Beginning balance
Beban manfaat karyawan Employee benefit expense
selama tahun berjalan (272.619) (255.060) during the year
Jumlah yang diakui di pendapatan Total amount recognized in
komprehensif lainnya 65.225 105.037 other comprehensive income
Manfaat yang dibayarkan 129.827 122.674 Benefit paid
Saldo akhir (1.521.830) (1.444.263) Ending balance
Tabel di bawah ini mengikhtisarkan komponen The following table summarizes the components
beban manfaat karyawan sesuai dengan of employee benefit costs in accordance with
perjanjian kesepakatan antara Bank, entitas agreements between the Bank, subsidiaries and
anak dan karyawan yang telah sesuai dengan their employees which had complied with
peraturan dan undang-undang yang berlaku. prevailing regulations and laws.
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Biaya jasa kini 171.127 168.295 Current service cost
Beban bunga 98.345 83.495 Interest cost
Kerugian aktuaria neto diakui Net actuarial losses
dalam tahun berjalan 3.147 3.270 recognized during the year
272.619 255.060
PT Bank Maybank Indonesia Tbk 2023 Annual Report 278
Page 911
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits (continued)
Jumlah yang diakui pada pendapatan The total amount recognised in other
komprehensif lainnya ditunjukkan pada tabel di comprehensive income is shown in table below:
bawah ini:
31 Desember/December 31
2023 2022
Pengukuran Kembali Kewajiban Remeasurement of The Net Defined
Imbalan Pasti Neto: Benefit Obligation:
Kerugian aktuarial dari perubahan Actuarial losses from changes in
asumsi keuangan 47.642 (32.481) financial assumption
Keuntungan aktuarial dari Actuarial gains from
penyesuaian pengalaman (112.867) (72.556) experience adjustment
Jumlah yang diakui pada Total amount recognized
pendapatan komprehensif in other comprehensive
lainnya (65.225) (105.037) income
Rekonsiliasi Pendapatan Reconciliation of Other
Komprehensif Lainnya: Comprehensive Income:
Saldo awal (386.379) (283.404) Beginning balance
Jumlah yang diakui pada Total amount recognized in other
pendapatan komprehensif comprehensive income
lainnya selama tahun berjalan (65.225) (105.037) during the year
Lainnya 1.479 2.062 Others
Saldo akhir (450.125) (386.379) Ending balance
279 PT Bank Maybank Indonesia Tbk 2023 Annual Report 909
Page 912
910
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits (continued)
Asumsi utama yang digunakan untuk The principal assumptions used to determine
menghitung estimasi beban dan kewajiban the estimated costs and obligations for
pada 31 Desember 2023 tersebut adalah December 31, 2023, are as follows:
sebagai berikut:
Bank WOM MIF
Tingkat mortalita : TMI’19 TMI’19 TMI’19 Mortality rate:
Tingkat cacat : 10% dari tingkat 10% dari tingkat 10% dari tingkat Disability rate:
kematian/of kematian/of kematian/of
mortality rate mortality rate mortality rate
Tingkat pengunduran diri Resignation rate
Usia kurang dari 30 tahun : 11% per tahun/ 10% per tahun/ 11% per tahun/ Age less than 30 years:
annum annum annum
Usia 30 - 34 tahun : 6% per tahun/ 5% per tahun/ 6% per tahun/ Age 30 - 34 years:
annum annum annum
Usia 35 - 39 tahun : 3% per tahun/ 3% per tahun/ 3% per tahun/ Age 35 - 39 years:
annum annum annum
Usia 40 - 44 tahun : 2% per tahun/ 2% per tahun/ 2% per tahun/ Age 40 - 44 years:
annum annum annum
Usia 45 - 50 tahun : 0% 2% per tahun/ 2% per tahun Age 45 - 50 years:
annum annum
Usia 51 - 52 tahun : 0% 1% per tahun/ 1% per tahun/ Age 51 - 52 years:
annum annum
Usia 53 tahun ke atas : 0% 0% 0% Age 53 years and over:
Kenaikan gaji 7,00% per tahun/ 7,00% per tahun/ 7,00% per tahun/ Salary increase rate
annum annum annum
Tingkat diskonto 6,37 - 7,10% 6,37 - 7,10% 6,37 - 7,10% Discount rate
per tahun/annum per tahun/annum per tahun/annum
Sisa masa kerja karyawan 1 - 34,00 tahun/ 1 - 34,75 tahun/ 1 - 31,08 tahun/ Remaining years of service of employee
years years years
Asumsi utama yang digunakan untuk The principal assumptions used to determine
menghitung estimasi beban dan kewajiban the estimated costs and obligations for
pada 31 Desember 2022 tersebut adalah December 31, 2022, are as follows:
sebagai berikut:
Bank WOM MIF
Tingkat mortalita : TMI’19 TMI’19 TMI’19 Mortality rate:
Tingkat cacat : 10% dari tingkat 10% dari tingkat 10% dari tingkat Disability rate:
kematian/of kematian/of kematian/of
mortality rate mortality rate mortality rate
Tingkat pengunduran diri Resignation rate
Usia kurang dari 30 tahun : 11% per tahun/ 10% per tahun/ 11% per tahun/ Age less than 30 years:
annum annum annum
Usia 30 - 34 tahun : 6% per tahun/ 5% per tahun/ 6% per tahun/ Age 30 - 34 years:
annum annum annum
Usia 35 - 39 tahun : 3% per tahun/ 3% per tahun/ 3% per tahun/ Age 35 - 39 years:
annum annum annum
Usia 40 - 44 tahun : 2% per tahun/ 2% per tahun/ 2% per tahun/ Age 40 - 44 years:
annum annum annum
Usia 45 - 50 tahun : 0% 2% per tahun/ 2% per tahun/ Age 45 - 50 years:
annum annum
Usia 51 - 52 tahun : 0% 1% per tahun/ 1% per tahun/ Age 51 - 52 years:
annum annum
Usia 53 tahun ke atas : 0% 0% 0% Age 53 years and over:
Kenaikan gaji 7,00% per tahun/ 7,00% per tahun/ 7,00% per tahun/ Salary increase rate
annum annum annum
Tingkat diskonto 5,77 - 7,30% 5,77 - 7,30% 5,77 - 7,30% Discount rate
per tahun/annum per tahun/annum per tahun/annum
Sisa masa kerja karyawan 1 - 33,92 tahun/ 1 - 33,50 tahun/ 1 - 31,17 tahun/ Remaining years of service of employee
years years years
PT Bank Maybank Indonesia Tbk 2023 Annual Report 280
Page 913
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits
(continued)
Analisa sensitivitas untuk risiko tingkat Sensitivity analysis for discount rate risk:
diskonto:
Perubahan satu poin persentase dalam tingkat One percentage point change in the assumed
diskonto yang diasumsikan akan memiliki discount rate would have the following effects:
dampak sebagai berikut:
31 Desember/December 31
2023 2022
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak biaya jasa kini (16.213) 18.736 (14.656) 16.848 Effect on current service cost
Dampak kewajiban Effect on the defined
imbalan pasti (107.151) 110.136 (89.520) 99.465 benefit obligations
Perubahan satu poin persentase dalam tingkat One percentage point change in the assumed
kenaikan gaji yang diasumsikan akan memiliki salary increase rate would have the following
dampak sebagai berikut: effects:
31 Desember/December 31
2023 2022
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak biaya jasa kini 17.392 (15.371) 16.474 (14.588) Effect on current service cost
Dampak kewajiban Effect on the defined
imbalan pasti 98.608 (98.858) 96.660 (88.597) benefit obligations
Jatuh tempo dari liabilitas imbalan pasca kerja The undiscounted maturity of the obligation for
tanpa didiskonto adalah sebagai berikut: post employment benefit is as follow:
31 Desember/December 31
2023 2022
Dalam 1 tahun ke depan 141.454 112.000 Within the next 1 year
Dalam 1 sampai 2 tahun 134.087 149.973 Within 1 to 2 years
Dalam 2 sampai 5 tahun 620.907 563.894 Within 2 to 5 years
Dalam 5 sampai 10 tahun 1.179.850 1.189.345 Within 5 to 10 years
Lebih dari 10 tahun 9.099.046 6.076.487 More than 10 years
281 PT Bank Maybank Indonesia Tbk 2023 Annual Report 911
Page 914
912
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
48. JASA KUSTODIAN 48. CUSTODIAN SERVICE
Bank telah memberikan jasa kustodian dan telah The Bank provides a full range of custodian services
memperoleh Izin Jasa Kustodian dari Badan and obtained a license from the Capital Market and
Pengawas Pasar Modal dan Lembaga Keuangan Financial Institutions Supervisory Agency
(“BAPEPAM-LK”) berdasarkan Surat Keputusan (“BAPEPAM-LK”) under its Decision Letter
No. KEP-67/PM/1991 tanggal 21 Juli 1991 dan juga No. KEP-67/PM/1991 dated July 21, 1991 and also
telah memperoleh Sertifikat Kesesuaian Syariah obtained the Compliance Certificate Sharia
Bank Kustodian dengan No. U-158/DSN- Custodian Bank from the National Sharia
MUI/V/2009 tanggal 7 Mei 2009 yang dikeluarkan Board - Indonesian Council of Ulama under
Dewan Syariah Nasional - MUI. No. U-158/DSN-MUI/V/2009 dated May 7, 2009.
Bank menyediakan jasa kustodian termasuk The custodian service of the Bank provides a full
penyelesaian transaksi jual beli dengan atau tanpa range of custodian services including settlement of
warkat (dalam dan luar negeri), pendaftaran efek- script and scriptless trading transactions (domestic
efek dan pemecahan serta penggabungan efek- and offshore transactions), registration of securities
efek, penyimpanan surat berharga/aset berharga and splitting and merging of securities, safekeeping
lainnya, pelayanan aksi korporasi, jasa layanan of securities and other valuable assets, corporate
penyelesaian dan pembayaran, jasa sub-registry, action services, settlement services and payment
jasa layanan pengadministrasian dana/reksa dana agent, sub-registry services, fund/mutual fund
dan jasa agency (Facility, Escrow, Security, administration services and Agency services
Monitoring, Paying dan Receiving Agent). (Facility, Escrow, Security, Monitoring, Paying and
Receiving Agent).
Bank memiliki 42.520 dan 36.779 nasabah The Bank had 42,520 and 36,779 customers
(termasuk individu dan ORI serta sub-rekening (including individual and ORI, also sub-account
nasabah) masing-masing per 31 Desember 2023 customers) as of December 31, 2023 and 2022,
dan 2022. Nasabah kustodian sebagian besar respectively. The customers are primarily individual,
adalah individu, perusahaan swasta, sekuritas, dana private companies, securities companies, pension
pensiun, bank, perusahaan asuransi dan reksadana funds, banks, insurance companies and mutual
(tidak diaudit). funds (unaudited).
Per tanggal 31 Desember 2023 dan 2022 bagian As of December 31, 2023 and 2022 the custodian
kustodian Bank masing-masing memiliki 33 dan 36 services of the Bank had 33 and 36 permanent
orang pegawai tetap (tidak diaudit). employees, respectively (unaudited).
Jumlah pendapatan fee dan komisi kustodian yang Total custodian fees and commissions earned for
diperoleh untuk tahun yang berakhir pada tanggal the years ended December 31, 2023 and 2022 were
31 Desember 2023 dan 2022 adalah masing-masing Rp33,017 and Rp32,817, respectively.
sebesar Rp33.017 dan Rp32.817.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 282
Page 915
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
49. SEGMEN OPERASI 49. OPERATING SEGMENT
Berikut adalah informasi keuangan tertentu untuk The following sets forth certain financial information
Bank dan entitas anak: for the Bank and subsidiaries:
a. Bidang usaha a. Business activities
Bidang Usaha Business Activities
Perbankan konvensional Conventional banking
dan perbankan syariah Bank and sharia banking
Pembiayaan PT Maybank Indonesia Finance Multi-financing
Pembiayaan PT Wahana Ottomitra Multiartha Tbk Multi-financing
b. Segmen usaha b. Business segment
Segmen operasi Operating segment
Segmen operasi dilaporkan sesuai dengan Operating segments are reported in
laporan internal Bank yang disiapkan untuk accordance with the internal reporting provided
mengambil keputusan operasional yang to the chief operating decision maker which is
bertanggung jawab untuk mengalokasikan responsible for allocating resources to certain
sumber daya ke segmen tertentu dan penilaian segments and performance assessments.
atas performanya.
Untuk kepentingan manajemen, Bank For management purposes, the Bank is
diorganisasikan kedalam tiga segmen operasi organized into three operating segments based
berdasarkan produk dan jasa sebagai berikut: on products and services as follows:
- Segmen Perbankan Global - Global Banking segment
- Segmen Perbankan Bisnis - Business Banking segment
- Segmen Ritel - Retail segment
Tidak ada pendapatan dari satu konsumen No revenue from transactions with a single
eksternal atau pihak lain yang mencapai 10% external customer or counterparty amounted to
atau lebih dari total pendapatan Bank untuk 10% or more of the Bank’s total revenue for the
tahun yang berakhir pada tanggal-tanggal years ended December 31, 2023 and 2022.
31 Desember 2023 dan 2022.
Untuk tahun yang berakhir pada tanggal- For the years ended December 31, 2023 and
tanggal 31 Desember 2023 dan 2022, Bank 2022, the Bank and subsidiaries divided the
dan entitas anak membagi segmen segment based on business unit.
berdasarkan unit bisnis.
283 PT Bank Maybank Indonesia Tbk 2023 Annual Report 913
Page 916
914
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
49. SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT (continued)
b. Segmen usaha (lanjutan) b. Business segment (continued)
Segmen operasi (lanjutan) Operating segment (continued)
Berikut ini adalah informasi segmen Bank dan Following is the business segment information
entitas anak berdasarkan segmen operasi: of the Bank and subsidiaries, which are based
on operating segment:
Tahun yang Berakhir pada Tanggal 31 Desember 2023/
Year Ended December 31, 2023
Perbankan Perbankan Kantor Pusat
Global/ Bisnis/ dan Lainnya/
Global Business Ritel/ Head Office Jumlah/
Banking1) Banking2) Retail3) and Others Total
LAPORAN LABA RUGI CONSOLIDATED STATEMENT
DAN PENGHASILAN OF PROFIT OR LOSS AND
KOMPREHENSIF LAIN OTHER COMPREHENSIVE
KONSOLIDASIAN INCOME
Pendapatan bunga - neto 3.380.822 665.075 3.109.046 78.680 7.233.623 Interest income - net
Pendapatan/(beban) bunga Inter-segment interest
antar segmen (2.074.137) 764.736 1.021.444 287.957 - income/(expenses)
Pendapatan bunga Interest income
setelah bunga antar after inter-segment
segmen - neto 1.306.685 1.429.811 4.130.490 366.637 7.233.623 income - net
Pendapatan/(beban) Operating income/
operasional - kotor 836.652 311.653 1.248.150 (355.887) 2.040.568 (expense) - gross
Beban operasi (434.592) (529.736) (2.280.697) (2.566.218) (5.811.243) Operating expenses
Pendapatan/(beban)
operasional sebelum Operating income/(expense)
penyisihan kerugian before allowance for
penurunan nilai - neto 1.708.745 1.211.728 3.097.943 (2.555.468) 3.462.948 impairment losses - net
Penyisihan kerugian Allowance for impairment
penurunan nilai (123.458) (242.093) (618.330) (131.179) (1.115.060) losses
Pendapatan
operasional - neto 1.585.287 969.635 2.479.613 (2.686.647) 2.347.888 Operating income - net
Beban
non-operasional - neto 139 (7.707) (2.506) 16.860 6.786 Non-operating expense - net
Laba sebelum alokasi Profit before allocation of
beban tidak langsung 1.585.426 961.928 2.477.107 (2.669.787) 2.354.674 indirect costs
Beban tidak langsung (525.561) (739.198) (1.009.949) 2.274.708 - Indirect costs
Laba sebelum beban pajak 1.059.865 222.730 1.467.158 (395.079) 2.354.674 Income before tax expenses
Beban pajak (536.924) Tax expenses
Laba tahun berjalan 1.817.750 Income for the year
LAPORAN POSISI CONSOLIDATED STATEMENTS
KEUANGAN KONSOLIDASI OF FINANCIAL POSITION
Jumlah aset 75.318.479 30.857.283 29.829.534 35.797.774 171.803.070 Total assets
Jumlah liabilitas 40.917.984 39.756.518 46.081.937 14.250.597 141.007.036 Total liabilities
1) Perbankan Global terdiri dari corporate banking, tresuri, cabang 1) Global Banking consist of corporate banking, treasury, overseas
luar negeri dan syariah branches and sharia
2) Perbankan Bisnis terdiri dari Usaha Kecil Menengah (UKM), 2) Business Banking consist of Small Medium Enterprise (SME),
komersial, mikro dan syariah commercial, micro and sharia
3) Ritel terdiri dari retail banking, entitas anak dan syariah 3) Retail consist of consumer banking, subsidiaries and sharia
PT Bank Maybank Indonesia Tbk 2023 Annual Report 284
Page 917
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
49. SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT (continued)
b. Segmen usaha (lanjutan) b. Business segment (continued)
Segmen operasi (lanjutan) Operating segment (continued)
Berikut ini adalah informasi segmen Bank dan Following is the business segment information
entitas anak berdasarkan segmen operasi: of the Bank and subsidiaries, which are based
(lanjutan) on operating segment: (continued)
Tahun yang Berakhir pada Tanggal 31 Desember 2022/
Year Ended December 31, 2022
Perbankan Perbankan Kantor Pusat
Global/ Bisnis/ dan Lainnya/
Global Business Ritel/ Head Office Jumlah/
Banking1) Banking2) Retail3) and Others Total
LAPORAN LABA RUGI CONSOLIDATED STATEMENT
DAN PENGHASILAN OF PROFIT OR LOSS AND
KOMPREHENSIF LAIN OTHER COMPREHENSIVE
KONSOLIDASIAN INCOME
Pendapatan bunga - neto 3.029.636 1.155.658 2.786.730 5.826 6.977.850 Interest income - net
Pendapatan/(beban) bunga Inter-segment interest
antar segmen (1.351.281) 328.867 740.312 282.102 - income/(expenses)
Pendapatan bunga Interest income
setelah bunga antar after inter-segment
segmen - neto 1.678.355 1.484.525 3.527.042 287.928 6.977.850 income - net
Pendapatan/(beban) Operating income/
operasional - kotor 454.833 292.120 1.185.501 (250.618) 1.681.836 (expense) - gross
Beban operasi (407.856) (438.753) (2.092.713) (2.397.950) (5.337.272) Operating expenses
Pendapatan/(beban)
operasional sebelum penyisihan Operating income/(expense)
kerugian penurunan before allowance for
nilai - neto 1.725.332 1.337.892 2.619.830 (2.360.640) 3.322.414 impairment losses - net
Penyisihan kerugian Allowance for impairment
penurunan nilai 118.062 (336.349) (464.008) (583.925) (1.266.220) losses
Pendapatan
operasional - neto 1.843.394 1.001.543 2.155.822 (2.944.565) 2.056.194 Operating income - net
Beban
non-operasional - neto 1.893 1.122 (6.144) (12.839) (15.968) Non-operating expense - net
Laba sebelum alokasi Profit before allocation of
beban tidak langsung 1.845.287 1.002.665 2.149.678 (2.957.404) 2.040.226 indirect costs
Beban tidak langsung (499.778) (705.345) (967.812) 2.172.935 - Indirect costs
Laba sebelum beban pajak 1.345.509 297.320 1.181.866 (784.469) 2.040.226 Income before tax expenses
Beban pajak (507.015) Tax expenses
Laba tahun berjalan 1.533.211 Income for the year
LAPORAN POSISI CONSOLIDATED STATEMENTS
KEUANGAN KONSOLIDASI OF FINANCIAL POSITION
Jumlah aset 74.077.837 28.809.414 27.190.112 30.736.555 160.813.918 Total assets
Jumlah liabilitas 36.584.393 39.252.998 43.200.170 12.242.407 131.279.968 Total liabilities
1) Perbankan Global terdiri dari corporate banking, tresuri, cabang 1) Global Banking consist of corporate banking, treasury, overseas
luar negeri dan syariah branches and sharia
2) Perbankan Bisnis terdiri dari Usaha Kecil Menengah (UKM), 2) Business Banking consist of Small Medium Enterprise (SME),
komersial, mikro dan syariah commercial, micro and sharia
3) Ritel terdiri dari retail banking, entitas anak dan syariah 3) Retail consist of consumer banking, subsidiaries and sharia
285 PT Bank Maybank Indonesia Tbk 2023 Annual Report 915
Page 918
916
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
49. SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT (continued)
b. Segmen usaha (lanjutan) b. Business segment (continued)
Segmen geografis Geographic segment
31 Desember/December 31, 2023
Luar negeri/
Indonesia/ Outside Jumlah/
Indonesia Indonesia Total
Jumlah aset tidak lancar 4.980.437 2.282 4.982.719 Total non-current assets
Pendapatan bunga 11.848.692 35.199 11.883.891 Interest income
31 Desember/December 31, 2022
Luar negeri/
Indonesia/ Outside Jumlah/
Indonesia Indonesia Total
Jumlah aset tidak lancar 4.465.907 2.294 4.468.201 Total non-current assets
Pendapatan bunga 10.375.429 25.025 10.400.454 Interest income
50. JAMINAN LEMBAGA PENJAMIN SIMPANAN 50. INDONESIA DEPOSIT INSURANCE
TERHADAP LIABILITAS PEMBAYARAN BANK CORPORATION GUARANTEE ON
UMUM OBLIGATIONS OF COMMERCIAL BANKS
Sejak tahun 1998, Pemerintah menjamin liabilitas Since 1998, the Government guarantees the
bank umum meliputi giro, tabungan, deposito obligations of private banks including demand
berjangka dan deposito on call, obligasi, surat deposits, savings deposits, time deposits and
berharga, pinjaman antar bank, pinjaman yang deposits on call, bonds, marketable securities,
diterima, letters of credit, akseptasi, swap mata uang interbank borrowings, fund borrowings, letters of
dan liabilitas kontinjensi lainnya seperti bank credit, acceptances, currency swap and other
garansi, standby letters of credit, performance contingent liabilities such as bank guarantees,
bonds dan liabilitas sejenis selain yang dikecualikan standby letters of credit, performance bonds and
dalam keputusan ini seperti obligasi subordinasi dan other kinds of liabilities other than those excluded in
liabilitas kepada direktur, komisaris dan pihak this regulation such as subordinated bonds,
berelasi dengan Bank. liabilities to directors, commissioners and related
parties of the Bank.
Pada tanggal 13 Oktober 2008, Presiden Republik On October 13, 2008, the President of the Republic
Indonesia menetapkan Peraturan Pemerintah of Indonesia approved Government Regulation No.
No. 66 Tahun 2008 tentang besaran nilai simpanan 66 year 2008 regarding the amount of deposits
yang dijamin Lembaga Penjamin Simpanan (LPS). guaranteed by Indonesia Deposit Guarantee
Berdasarkan Peraturan tersebut, nilai simpanan Corporation (LPS). Based on such Regulation, the
yang dijamin untuk setiap nasabah pada satu bank guaranteed deposit amount for each customer in a
yang semula berdasarkan Undang-Undang bank which previously according to Law No. 24 year
No. 24 Tahun 2004 ditetapkan maksimum Rp100 2004 amounted to a maximum of Rp100 was
diubah menjadi maksimum Rp2.000. amended to a maximum amount of Rp2,000.
Berdasarkan Undang-undang Republik Indonesia Based on the Law of the Republic of Indonesia
No. 7 Tahun 2009, Peraturan Pemerintah Pengganti No. 7 year 2009, Government Regulation in Lieu of
Undang-undang tentang Lembaga Penjaminan Law on Lembaga Penjamin Simpanan (LPS) has
Simpanan telah ditetapkan menjadi Undang-undang been set into law since January 13, 2009.
sejak tanggal 13 Januari 2009.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 286
Page 919
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO 51. RISK MANAGEMENT
Dalam penerapan manajemen risiko, Bank Risk Management implementation is based on
berpedoman kepada POJK No. 18/POJK.03/2016 POJK No. 18/POJK.03/2016 4 (four) pillars
tentang Penerapan Manajemen Risiko Bagi Bank concerning Implementation of Risk Management for
Umum dengan 4 (empat) pilar utama yang Bank, that covers:
mencakup:
1. Pengawasan aktif Dewan Komisaris dan 1. Board of Commissioners and Board of
Direksi; Director’s active supervision;
2. Kecukupan kebijakan, prosedur dan penetapan 2. Adequacy of policies, procedures and
limit manajemen risiko; determination of risk management limits;
3. Kecukupan proses identifikasi, pengukuran, 3. Adequacy of risk identification measurement,
pemantauan dan pengendalian risiko serta monitoring & control, including Risk
Sistem Informasi Manajemen Risiko; dan Management Information System; and
4. Sistem pengendalian internal yang menyeluruh. 4. Comprehensive of internal control system.
Untuk mewujudkan keempat pilar tersebut, Bank In implementing these four pillars, the Bank applies
menerapkan model tata kelola risiko yang bertujuan a risk governance model to regulate the distribution
untuk mengatur pembagian tugas dan tanggung of roles and responsibilities of each stakeholders
jawab setiap pihak yang terkait dalam proses that involves in risk management process whilst
pengelolaan risiko namun dalam waktu yang sama allowing for independency and segregation of duties
juga memberikan independensi dan pemisahaan between 3 (three) lines of defense comprising of 1st
tugas diantara 3 (tiga) lini pertahanan yaitu: lini 1 line as the risk owners which conduct day-to-day
yang merupakan risk owner management of risks, 2nd line which oversees risk
dan pengelola risiko sehari-hari, lini 2 yang management process done by 1st line and 3rd line
merupakan fungsi pengawasan terhadap proses that provides independent assessment of the
pengelolaan risiko yang dilakukan lini 1 dan lini 3 Bank’s risk management practices.
yang memberikan penilaian independen atas
pelaksanaan manajemen risiko Bank.
Selanjutnya, beberapa Komite dan Satuan Kerja Further, The Risk Management Committees and
Manajemen Risiko di bawah ini dibentuk untuk Unit below were formed to implement active
mewujudkan pengawasan aktif Dewan Komisaris supervision of the Board of Commisioners and
dan Direksi dalam pelaksanaan Manajemen Risiko. Board of Directors in the implementation of Risk
Management.
1. Pada tingkat Dewan Komisaris, yaitu: 1. At Board of Commissioners level, there are:
a. Komite Audit a. Audit Committee (AC)
b. Komite Pemantau Risiko b. Risk Oversight Committee (ROC)
c. Komite Nominasi dan Remunerasi c. Nomination and Remuneration Committee
d. Komite Tata Kelola Terintegrasi d. Integrated Good Corporate Governance
Committee
e. Komite Pemantau Teknologi Informasi e. Information Technology Oversight
Committee (ITOC)
f. Komite Tata Kelola Whistleblowing f. Whistleblowing Governance Committee
(WBGC)
2. Pada Tingkat Direksi, yaitu: 2. At Board of Directors level, there are:
a. Komite Manajemen Risiko a. Risk Management Committee (RMC)
b. Komite Assets & Liabilities Management b. Assets & Liabilities Management
Committee (ALCO)
c. Komite Kredit c. Credit Committee (CC)
d. Komite Restrukturisasi Kredit d. Credit Restructuring Committee (CRC)
e. Komite Pengarah Teknologi Informasi e. Information Technology Steering
Committee (ITSC)
f. Komite Sumber Daya Manusia f. Human Capital Committee (RMC)
g. Komite Impairment g. Impairment Committee
h. Komite Manajemen Risiko Terintegrasi h. Integrated Risk Management Committee
i. Komite Internal audit i. Internal Audit Committee (IAC)
287 PT Bank Maybank Indonesia Tbk 2023 Annual Report 917
Page 920
918
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Selanjutnya, beberapa Komite dan Satuan Kerja Further, The Risk Management Committees and
Manajemen Risiko di bawah ini dibentuk untuk Unit below were formed to implement active
mewujudkan pengawasan aktif Dewan Komisaris supervision of the Board of Commisioners and
dan Direksi dalam pelaksanaan Manajemen Risiko Board of Directors in the implementation of Risk
(lanjutan) Management (continued)
2. Pada Tingkat Direksi, yaitu: (lanjutan) 2. At Board of Directors level, there are:
(continued)
j. Komite Pendisiplinan Sumber Daya j. Human Capital Disciplinarian Comittee
Manusia
k. Komite Kebijakan Perkreditan atau k. Credit or Financing Policy Committee
Pembiayaan
3. Satuan Kerja Manajemen Risiko, yaitu: 3. Risk Management Unit, there are:
a. Satuan Kerja Manajemen Risiko (SKMR) a. Risk Management Unit
b. Satuan Kerja Manajemen Risiko b. Integrated Risk Management Unit
Terintegrasi (SKMRT)
Manajemen Risiko Terintegrasi Integrated Risk Management
Sesuai Peraturan Otoritas Jasa Keuangan (POJK) In accordance with Financial Services Authority
No. 17/POJK.03/2014 tentang Penerapan (POJK) Regulation No. 17/POJK.03/2014 on
Manajemen Risiko Terintegrasi Bagi Konglomerasi Integrated Risk Management Implementation for
Keuangan, Bank telah ditunjuk sebagai Entitas Financial Conglomeration, the Bank has been
Utama dalam Konglomerasi Keuangan Maybank appointed as the Main Entity of Maybank Indonesia
Indonesia. Sebagai tindak lanjut atas penunjukkan Financial Conglomeration. As follow up to the
tersebut, Bank telah membentuk Satuan Kerja appointment, the Bank has established
Manajemen Risiko Terintegrasi, melaksanakan Integrated Risk Management Working Group,
Komite Manajemen Risiko Terintegrasi, conducted Integrated Risk Management Committee,
menyusun Kebijakan Manajemen Risiko established Integrated Risk Management Policy and
Terintegrasi, dan melaporkan Laporan Profil Risiko submitted Integrated Risk Profile Report and
Terintegrasi serta Laporan Kewajiban Penyediaan Integrated Minimum Capital Requirement to
Modal Minimum Terintegrasi kepada Otoritas Jasa Financial Services Authority in periodic basis
Keuangan secara rutin sesuai ketentuan yang according to the relevant regulation.
berlaku.
Profil Risiko Risk Profile
Secara berkala, Bank membuat laporan profil risiko Periodically, the Bank prepares a risk profile report
yang mencerminkan tingkat risiko yang dimiliki Bank that reflects the Bank’s risk in accordance with
berdasarkan 8 (delapan) jenis risiko yang ditetapkan Financial Services Authority’s 8 (eight) types of
Otoritas Jasa Keuangan, yaitu: risiko kredit, risiko risks, which are: credit risk, market risk, liquidity risk,
pasar, risiko likuiditas, risiko operasional, risiko operational risk, legal risk, compliance risk,
hukum, risiko kepatuhan, risiko reputasi, dan risiko reputation risk and strategic risk.
stratejik.
Penilaian profil risiko Bank terkait dengan Unit Usaha The Bank’s risk profile assessment on Sharia
Syariah juga telah memperhitungkan Risiko Imbal Business Unit has accounted the rate of return risk
Hasil (rate of return risk) dan Risiko Investasi (equity and equity investment risk in accordance with
investment risk) sebagaimana diatur dalam Financial Services Authority Regulation (POJK)
Peraturan Otoritas Jasa Keuangan (POJK) No. 8/POJK.03/2014 on Sharia Commercial Bank
No. 8/POJK.03/2014 tentang Penilaian Tingkat and Sharia Business Unit Soundness Assessment.
Kesehatan Bank Umum Syariah dan Unit Usaha
Syariah.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 288
Page 921
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Profil Risiko (lanjutan) Risk Profile (continued)
Penilaian profil risiko terintegrasi konglomerasi Integrated risk profile assessment of Maybank
keuangan Maybank Indonesia juga telah Indonesia financial conglomerates has taken into
mengakomodasi risiko yang dimiliki oleh perusahaan account risk embedded in subsidiaries and sister
anak dan perusahaan terelasi termasuk risiko companies, including insurance risk.
asuransi.
Terhadap penerapan Basel III, khususnya dalam hal On Basel Ill implementation, especially in terms of
permodalan dan likuiditas, Bank mengacu capital and liquidity, the Bank refers to Financial
kepada Peraturan Otoritas Jasa Keuangan (POJK) Services Authority Regulation (POJK)
No.34/POJK.03/2016 tentang Perubahan Atas No.34/POJK.03/2016 on the amendments of POJK
POJK No.11/POJK.03/2016 tentang Kewajiban No.11/POJK.03/2016 concerning Minimum Capital
Penyediaan Modal Minimum Bank Umum, Requirement for Commercial Banks, Financial
Peraturan Otoritas Jasa Keuangan (POJK) Services Authority Regulation (POJK)
No. 42/POJK.03/2015 tentang Kewajiban No. 42/POJK.03/2015 on Liquidity Coverage Ratio,
Pemenuhan Rasio Kecukupan Likuiditas (Liquidity and POJK No. 2/POJK.03/2018 on appointment of
Coverage Ratio) Bagi Bank Umum, dan POJK Systemically Important Bank and Capital Surcharge.
No. 2/POJK.03/2018 tentang Penetapan Bank
Sistematik dan Capital Surcharge.
Dalam perhitungan Aset Tertimbang Menurut Risiko To calculate Credit Risk Weighted Asset, the Bank
untuk Risiko Kredit, Bank telah has implemented credit risk capital adequacy
mengimplementasikan metode perhitungan calculation method that is in line with Financial
kecukupan modal untuk risiko kredit sesuai dengan Services Authority Circular Letter (SEOJK)
Surat Edaran Otoritas Jasa Keuangan (SEOJK) No. 24/SEOJK.03/2021 on Risk Weighted Asset
No.24/SEOJK.03/2021 mengenai Perhitungan Aset (RWA) for Credit Risk Standardized Approach, as
Tertimbang Menurut Risiko (ATMR) untuk Risiko well as SEOJK No.48/SEOJK.03/2017 on the
Kredit Menggunakan Pendekatan Standar, Bagi Calculation of Derivative Net Exposures Transaction
Bank Umum dan juga SEOJK No.48/SEOJK.03/ to calculate Credit Risk Weighted Asset with
2017 tentang Pedoman Perhitungan Tagihan Bersih Standardized Approach.
Transaksi Derivatif dalam Perhitungan Aset
Tertimbang Menurut Risiko untuk Risiko Kredit
dengan Menggunakan Pendekatan Standar.
Sesuai dengan SEOJK No.6/SEOJK.03/2020 In accordance with SEOJK No.6/SEOJK.03/2020
tentang Perhitungan Aset Tertimbang Menurut Risiko concerning Calculation of Risk-Weighted Assets for
untuk Risiko Operasional dengan Menggunakan Operational Risk Using a Standardized Approach for
Pendekatan Standar Bagi Bank Umum, Bank telah Commercial Banks, the Bank has calculated
melakukan perhitungan ATMR Risiko Operasional Operational Risk Weighted Asset using a
dengan menggunakan Standardized Approach. Standardized Approach.
Rencana Aksi Recovery Plan
Bank melakukan pengkinian Rencana Aksi Bank The Bank has regularly reviewed Bank’s Recovery
secara berkala sebagaimana ditetapkan dalam Plan in accordance with POJK No.
POJK No.14/POJK.03/2017 tentang Rencana Aksi 14/POJK.03/2017 concerning Recovery Plan for
(Recovery Plan) Bagi Bank Sistemik. Penyampaian Systemic Banks. The submission of latest revision of
perbaikan pengkinian tahunan Rencana Aksi annual review Recovery Plan has been submitted to
terbaru yang telah disampaikan kepada OJK melalui FSA with reference to letter dated October 31, 2022
surat tertanggal 31 Oktober 2022 dan and January 16, 2023 has obtained approval from
16 Januari 2023 telah memperoleh persetujuan Shareholders on General Meeting on Shareholders
Pemegang Saham dalam Rapat Umum Pemegang (GMS) dated March 31, 2023.
Saham (RUPS) tanggal 31 Maret 2023.
289 PT Bank Maybank Indonesia Tbk 2023 Annual Report 919
Page 922
920
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit Credit Risk
Risiko kredit adalah risiko yang terjadi akibat Credit risk is the risk of loss resulting from defaulting
kegagalan pihak lawan (counterparty) dalam counterparty in fulfilling their obligations. This risk is
memenuhi kewajibannya. Risiko kredit dikelola baik managed both at the transaction and portfolio levels.
pada tingkat transaksi maupun portofolio. Credit risk management practices are designed to
Pengelolaan risiko kredit dirancang untuk menjaga preserve the independence and integrity of the risk
independensi dan integritas proses penilaian risiko, assessment process, and also to diversify the credit
serta diversifikasi risiko kredit. risk.
Di tengah kondisi makro ekonomi yang penuh In the midst of challenging macroeconomic
tantangan, Bank tetap dapat menjaga rasio kredit conditions, Bank is able to maintain its NPL ratio
bermasalah (NPL) dalam batas yang dipersyaratkan within the required limits through continuous
melalui proses pemberian kredit yang selektif dan selective credit process, a rigorous early monitoring
berkelanjutan, proses pemantauan melalui early process and also supported by the handling of
alert yang ketat dan juga didukung oleh penanganan problem loans by Remedial, Asset Quality
kredit bermasalah oleh Remedial, Asset Quality Management and Collection to increase the
Management dan Collection untuk meningkatkan recovery rate of the NPL.
tingkat pengembalian dari NPL.
a) Risiko kredit maksimum a) Maximum credit risk
Untuk aset keuangan yang diakui di laporan For financial assets recognized on the
posisi keuangan konsolidasi, eksposur consolidated financial statement, the maximum
maksimum terhadap risiko kredit sama dengan exposure to credit risk equals to their carrying
nilai tercatat. Untuk bank garansi dan irrevocable amount. For bank guarantees and irrevocable
L/C, eksposur maksimum terhadap risiko kredit L/C, the maximum exposure to credit risk is the
adalah nilai maksimum yang harus dibayarkan maximum amount that the Bank would have to
oleh Bank jika kewajiban atas bank garansi dan pay if the obligations of the bank guarantees and
irrevocable L/C tersebut terjadi. irrevocable L/C issued are called upon.
Analisa eksposur maksimum terhadap risiko Analysis of maximum exposure to credit risk after
kredit setelah memperhitungkan dampak agunan taking into account the impact of collaterals and
dan mitigasi risiko kredit lainnya adalah sebagai other credit risk mitigations are as follows:
berikut:
a) Nilai tercatat dari aset keuangan Bank selain a) The carrying amount of Bank’s financial
kredit dan piutang pembiayaan konsumen assets other than loan and consumer
menggambarkan eksposur maksimum atas financing receivables represent the maximum
risiko kredit. exposure of credit risk.
b) Untuk kredit yang diberikan dan piutang b) For loans and consumer financing
pembiayaan konsumen, Bank menggunakan receivables, Bank uses collaterals to
agunan untuk meminimalkan risiko kredit. minimize the credit risk. The following is the
Berikut adalah kebijakan Bank terkait dengan Bank’s policy regarding collateral:
jaminan:
Nilai dan jenis jaminan yang dibutuhkan The amount and type of collateral required
tergantung pada penilaian risiko kredit dari depends on the counterparty credit risk
pihak lawan. Panduan tentang jenis jaminan assessment. Guidelines regarding collateral
dan parameter penilaian yang bisa diterima acceptability and valuation parameters are
telah diimplementasikan. being implemented.
Umumnya, agunan diperlukan sebagai Generally, collateral is required as a
sumber terakhir pelunasan kredit (‘secondary secondary source of repayment and also as
source of repayment’) dan sebagai salah satu a form of credit risk mitigation. The primary
bentuk mitigasi risiko kredit. Sumber utama source of credit repayment is the cash flow
pelunasan kredit adalah dari hasil usaha generated from business operations of the
debitur. borrowers.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 290
Page 923
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
a) Risiko kredit maksimum (lanjutan) a) Maximum credit risk (continued)
Analisa eksposur maksimum terhadap risiko Analysis of maximum exposure to credit risk after
kredit setelah memperhitungkan dampak agunan taking into account the impact of collaterals and
dan mitigasi risiko kredit lainnya adalah sebagai other credit risk mitigations are as follows :
berikut: (lanjutan) (continued)
Agunan yang dapat diterima oleh Bank dibagi Collaterals acceptable by the Bank are
atas 2 (dua) kelompok besar yaitu: divided into 2 (two) categories, as follows:
a) Agunan setara tunai, yaitu a) Cash collateral, such as time
deposito/tabungan/rekening giro/setoran deposit/saving account/current account/
margin/dana tunai yang diblokir atau margin deposit/cash blocked or booked as
dibukukan pada rekening penampungan escrow account which are kept and
yang disimpan serta dicatat pada Bank, recorded by the bank, government bonds,
obligasi pemerintah, Sertifikat Bank certificate of Bank Indonesia and Stand-
Indonesia dan Stand-By Letters of Credit By Letters of Credit (SBLC) issued by
(SBLC) yang diterbitkan oleh prime Bank; prime bank;
b) Agunan non-tunai yaitu agunan yang tidak b) Non-cash collaterals are collateral not
termasuk dalam jenis jaminan seperti included in collateral as mentioned on
pada agunan tunai di atas. cash collateral above.
b) Risiko kredit konsentrasi b) Concentration of credit risk
Pengungkapan konsentrasi risiko kredit The disclosure on the maximum credit risk
maksimum berdasarkan kategori portofolio concentration by portfolio category is as follows:
adalah sebagai berikut:
31 Desember/December 31, 2023
Lembaga
keuangan
bukan
Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Other Perorangan/ Jumlah/
Government Bank non-Banks company Individual Total
Laporan posisi keuangan Consolidated statements of
konsolidasian financial position
Current accounts
Giro pada Bank Indonesia 8.152.106 - - - - 8.152.106 with Bank Indonesia
Current accounts
Giro pada bank lain - 2.194.092 - - - 2.194.092 with other banks
Penempatan pada
Bank Indonesia Placements with Bank Indonesia
dan bank lain 2.227.898 268.604 - - - 2.496.502 and other banks
Efek-efek yang
diperdagangkan 1.297.687 - - - - 1.297.687 Trading securities
Investasi keuangan 26.132.938 1.277.277 2.012.126 1.329.633 - 30.751.974 Financial investments
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali 2.144.911 184.785 - 3.426 - 2.333.122 under resale agreement
Tagihan derivatif 33.445 582.538 27.498 232.960 104.550 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah 1.000 4.751.825 9.651.524 51.546.655 42.105.273 108.056.277 receivables/ financing
Piutang pembiayaan konsumen - - - - 7.945.729 7.945.729 Consumer financing receivables
Tagihan akseptasi - 21.726 - 764.969 - 786.695 Acceptances receivable
Beban dibayar dimuka dan
aset lain-lain*) 9 50.760 96.988 478.983 390.273 1.017.013 Prepayments and other assets*)
39.989.994 9.331.607 11.788.136 54.356.626 50.545.825 166.012.188
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.527.439) impairment losses
162.484.749
Rekening administratif Off balance sheets
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik - 9.887 - 847.313 314.181 1.171.381 granted to customers
L/C irrevocable yang masih berjalan - - - 1.092.961 - 1.092.961 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi - 71.838 157.474 1.308.386 148.466 1.686.164 Bank guarantees
- 81.725 157.474 3.248.660 462.647 3.950.506
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card
card center dan Mastercard center receivables and Mastercard
291 PT Bank Maybank Indonesia Tbk 2023 Annual Report 921
Page 924
922
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
31 Desember/December 31, 2022
Lembaga
keuangan
bukan
Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Other Perorangan/ Jumlah/
Government Bank non-Banks company Individual Total
Laporan posisi keuangan Consolidated statements of
konsolidasian financial position
Current accounts
Giro pada Bank Indonesia 9.654.266 - - - - 9.654.266 with Bank Indonesia
Current accounts
Giro pada bank lain - 2.031.321 - - - 2.031.321 with other banks
Penempatan pada
Bank Indonesia Placements with Bank Indonesia
dan bank lain 2.212.425 316.930 - - - 2.529.355 and other banks
Efek-efek yang
diperdagangkan 479.836 - - - - 479.836 Trading securities
Investasi keuangan 23.116.675 2.001.039 1.169.642 2.312.331 - 28.599.687 Financial investments
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali 977.625 560.667 - - - 1.538.292 under resale agreement
Tagihan derivatif 27.660 348.762 45.169 103.356 150.834 675.781 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - 3.900.424 3.648.608 54.367.777 38.021.834 99.938.643 receivables/ financing
Piutang pembiayaan konsumen - - - - 7.876.444 7.876.444 Consumer financing receivables
Tagihan akseptasi - 31.091 - 1.236.518 9.672 1.277.281 Acceptances receivable
Beban dibayar dimuka dan
aset lain-lain*) - 38.476 41.760 545.793 375.072 1.001.101 Prepayments and other assets*)
36.468.487 9.228.710 4.905.179 58.565.775 46.433.856 155.602.007
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.382.913) impairment losses
152.219.094
Rekening administratif Off balance sheets
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik - 10.500 - 949.003 226.232 1.185.735 granted to customers
L/C irrevocable yang masih berjalan - - - 850.447 23.240 873.687 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi - 61.664 86.284 976.036 162.317 1.286.301 Bank guarantees
- 72.164 86.284 2.775.486 411.789 3.345.723
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card
card center dan Mastercard center receivables and Mastercard
PT Bank Maybank Indonesia Tbk 2023 Annual Report 292
Page 925
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Konsentrasi risiko kredit maksimum berdasarkan The maximum credit risk concentration by
letak geografis adalah sebagai berikut: geography is as follows:
31 Desember/December 31, 2023
Jawa Tengah
dan
Yogyakarta/ Jawa Timur Indonesia
Central Java dan Bali/ Timur/
Jakarta/ Sumatera/ Jawa Barat/ and East Java East Lain-lain/ Jumlah/
Jakarta Sumatera West Java Yogyakarta and Bali Indonesia Others Total
Laporan posisi
keuangan Consolidated statements of
konsolidasian financial position
Giro pada Bank Current accounts with
Indonesia 6.241.768 - - - - - 1.910.338 8.152.106 Bank Indonesia
Current accounts with
Giro pada bank lain 2.037.505 4.498 - - - 4 152.085 2.194.092 other banks
Penempatan pada
Bank Indonesia Placements with Bank Indonesia
dan bank lain 1.444.112 - - - - - 1.052.390 2.496.502 and other banks
Efek-efek yang
diperdagangkan 1.297.687 - - - - - - 1.297.687 Trading securities
Investasi keuangan 22.181.055 - 295 - 8.248 - 8.562.376 30.751.974 Financial investments
Efek-efek yang dibeli
dengan janji Securities purchased
dijual kembali 2.329.697 - - - - - 3.425 2.333.122 under resale agreement
Tagihan derivatif 980.991 - - - - - - 980.991 Derivatives receivable
Kredit yang diberikan
dan piutang/
pembiayaan Loans and Sharia
Syariah 51.935.332 4.922.121 1.647.483 1.894.923 7.087.899 4.364.896 36.203.623 108.056.277 receivables/financing
Piutang pembiayaan
konsumen - - - - - - 7.945.729 7.945.729 Consumer financing receivables
Tagihan akseptasi 531.388 34.663 32.961 18.492 154.410 - 14.781 786.695 Acceptances receivable
Beban dibayar dimuka
dan aset lain-lain*) 541.255 32.914 21.440 10.942 46.829 60.414 303.219 1.017.013 Prepayments and other assets*)
89.520.790 4.994.196 1.702.179 1.924.357 7.297.386 4.425.314 56.147.966 166.012.188
Dikurangi: Cadangan
kerugian penurunan Less: Allowance for
nilai (3.527.439) impairment losses
162.484.749
Rekening
administratif Off balance sheets
Fasilitas pinjaman
kepada nasabah Unused loan commitments
yang belum ditarik 232.004 38.121 8.959 5.033 495.178 40.111 351.975 1.171.381 granted to customers
L/C irrevocable yang
masih berjalan 653.531 352 5.763 46.279 172.258 - 214.778 1.092.961 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi 763.305 192.252 146.775 55.347 275.083 184.465 68.937 1.686.164 Bank guarantees
1.648.840 230.725 161.497 106.659 942.519 224.576 635.690 3.950.506
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan *) Prepayments and other assets consist of interests receivable-net and card
tagihan card center dan Mastercard center receivables and Mastercard
293 PT Bank Maybank Indonesia Tbk 2023 Annual Report 923
Page 926
924
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
31 Desember/December 31, 2022
Jawa Tengah
dan
Yogyakarta/ Jawa Timur Indonesia
Central Java dan Bali/ Timur/
Jakarta/ Sumatera/ Jawa Barat/ and East Java East Lain-lain/ Jumlah/
Jakarta Sumatera West Java Yogyakarta and Bali Indonesia Others Total
Laporan posisi
keuangan Consolidated statements of
konsolidasian financial position
Giro pada Bank Current accounts with
Indonesia 7.781.758 - - - - - 1.872.508 9.654.266 Bank Indonesia
Current accounts with
Giro pada bank lain 1.674.017 1.277 - 1 - 12 356.014 2.031.321 other banks
Penempatan pada
Bank Indonesia Placements with Bank Indonesia
dan bank lain 1.712.425 - - - - - 816.930 2.529.355 and other banks
Efek-efek yang
diperdagangkan 479.836 - - - - - - 479.836 Trading securities
Investasi keuangan 16.950.510 - - - 13.110 198 11.635.869 28.599.687 Financial investments
Efek-efek yang dibeli
dengan janji Securities purchased
dijual kembali 1.538.292 - - - - - - 1.538.292 under resale agreement
Tagihan derivatif 675.781 - - - - - - 675.781 Derivatives receivable
Kredit yang diberikan
dan piutang/
pembiayaan Loans and Sharia
Syariah 49.549.349 4.847.997 1.892.347 2.001.549 7.000.652 3.940.637 30.706.112 99.938.643 receivables/financing
Piutang pembiayaan
konsumen - - - - - - 7.876.444 7.876.444 Consumer financing receivables
Tagihan akseptasi 542.929 - 20.586 52.966 596.808 - 63.992 1.277.281 Acceptances receivable
Beban dibayar dimuka
dan aset lain-lain*) 510.216 43.915 33.859 23.243 60.974 76.837 252.057 1.001.101 Prepayments and other assets*)
81.415.113 4.893.189 1.946.792 2.077.759 7.671.544 4.017.684 53.579.926 155.602.007
Dikurangi: Cadangan
kerugian penurunan Less: Allowance for
nilai (3.382.913) impairment losses
152.219.094
Rekening
administratif Off balance sheets
Fasilitas pinjaman
kepada nasabah Unused loan commitments
yang belum ditarik 193.580 21.217 9.950 5.169 469.510 38.338 447.971 1.185.735 granted to customers
L/C irrevocable yang
masih berjalan 501.542 1.183 14.456 23.585 237.779 - 95.142 873.687 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi 456.366 169.249 117.878 61.031 233.488 183.659 64.630 1.286.301 Bank guarantees
1.151.488 191.649 142.284 89.785 940.777 221.997 607.743 3.345.723
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan *) Prepayments and other assets consist of interests receivable-net and card
tagihan card center dan Mastercard center receivables and Mastercard
Pengungkapan risiko kredit maksimum tersebut The disclosures of maximum credit risks are
adalah sebelum efek mitigasi melalui penggunaan before the effect of mitigation through the use of
master netting dan perjanjian jaminan. Apabila master netting and collateral agreements.
instrumen keuangan dicatat berdasarkan nilai Where financial instruments are recorded at fair
wajar, angka yang ditunjukkan mencerminkan value, the amounts shown represent the current
pengungkapan risiko kredit saat ini tetapi bukan credit risk exposure but not the maximum risk
pengungkapan risiko maksimal yang dapat timbul di exposure that could arise in the future as a result
masa yang akan datang sebagai akibat perubahan of changes in value.
nilai.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 294
Page 927
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Mitigasi Risiko Kredit Credit Risk Mitigation
Bank telah mengimplementasikan credit risk The Bank has implemented credit risk
management yang mencakup penetapan management which covers setting up
prosedur dan kebijakan kredit, pengaturan limit procedures and credit policies, stipulates a limit
dan mengevaluasinya secara berkala, and conduct regular evaluation, implement
penggunaan Credit Risk Rating untuk kredit Credit Risk Rating for SME/commercial/
UKM/komersial/korporasi, Credit Scoring untuk corporate, Credit Scoring for Consumer,
kredit konsumen, mengevaluasi kebijakan dan evaluates credit policies and procedures to
prosedur kredit untuk memastikan bahwa seluruh ensure that all potential risks have been covered,
risiko yang mungkin timbul dari kegiatan and apply the “Four Eyes Principle” consistently.
pemberian kredit telah tercakup, serta The Bank has managed its credit portfolio
menerapkan prinsip “Four Eyes Principle” secara continuously in a consistent manner and reports
konsisten. Bank telah melaksanakan pengelolaan to the senior management and Board of
portofolio kredit secara konsisten dan Commissioners on a regular basis (monthly).
berkelanjutan serta melaporkannya kepada
manajemen senior dan Dewan Komisaris secara
berkala (bulanan).
Dalam rangka memitigasi risiko kredit Bank, In order to mitigate the Bank’s credit risk, the
berikut ini adalah upaya yang dilakukan secara following efforts are periodically performed:
berkala:
1. Menentukan batas eksposur dari setiap 1. Determining exposure limits for each
segmen industri; industry segmentation;
2. Meninjau kredit berdasarkan jenis industri 2. Reviewing credit based on certain industry
tertentu/limit industri; type/industry limit;
3. Melakukan tes validasi dengan 3. Performing validation on tests by
menerapkan skenario terburuk untuk implementing worst-case scenario to the
portofolio dan untuk beberapa debitur portfolio and to some large debtors.
besar.
Metode pemberian kredit Bank meliputi: The Bank’s credit granting process includes:
1. Evaluasi limit kredit secara keseluruhan 1. Evaluation of overall credit limits at
pada tingkat debitur/counterparty dan borrower/counterparty level, and a group of
kelompok debitur/obligor terkait untuk related borrowers/obligor for both on-
eksposur on-balance sheet dan off- balance sheet and off-balance sheet
balance sheet; exposures;
2. Analisis kemampuan untuk membayar 2. Analysis of repayment capacity and integrity
kembali dan integritas of the borrower/counterparty;
debitur/counterparty;
3. Persyaratan dan kondisi yang mengikat; 3. Legally binding terms and conditions;
4. Penggunaan agunan; dan 4. Use of collateral; and
5. Penilaian kondisi makro ekonomi dan 5. Assessment of macroeconomic and industry
industri. conditions.
295 PT Bank Maybank Indonesia Tbk 2023 Annual Report 925
Page 928
926
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Mitigasi Risiko Kredit (lanjutan) Credit Risk Mitigation (continued)
Bank juga mengembangkan serta menerapkan The Bank also develops and implements Risk
prinsip Risk Governance sebagai bagian dalam Governance principle as part of credit internal
pengendalian internal perkreditan: control:
1. Lini pertama (Pilar Bisnis dan Pendukung) 1. The first Line of Defense (Business and
terutama bertanggung jawab mengelola Support Pillars) is primarily responsible for
risiko spesifik yang merupakan bagian dari managing specific risks assumed in their
aktivitas mereka sehari-hari. day-to-day activities.
2. Lini kedua menyediakan sumber daya 2. The second Line of Defense provides
yang diperlukan untuk mengembangkan specialized resources for developing risk
kerangka kerja risiko, kebijakan, frameworks, policies, methodologies and
metodologi dan perangkat risiko dalam tools for managing Bank’s material risk.
pengelolaan risiko yang bersifat material
terhadap Bank secara keseluruhan.
3. Lini ketiga melibatkan audit internal, yang 3. The third Line of Defense involves internal
secara independen bertugas untuk audit, whose task would be to independently
melakukan review kecukupan dan review the adequacy and effectiveness of
keefektifan proses manajemen risiko. the risk management process.
Untuk memfasilitasi penilaian risiko dari debitur To facilitate risk assessment of corporate,
korporasi, komersial dan UKM, Bank melakukan commercial and SME debtors, the Bank
pemantauan terhadap seluruh aspek dari debitur monitors all aspects of debtors and their industry
dan sektor industrinya. Unit-unit Manajemen sector. The Risk Management Units monitor the
Risiko melakukan pemantauan portofolio portfolio continuously. All relevant information is
yang dimiliki Bank secara berkesinambungan. shared to the business unit to support the
Informasi yang relevan disampaikan kepada unit conduct of risk assessment.
bisnis untuk mendukung pelaksanaan penilaian
risiko.
Bank mengukur dan memantau risiko untuk The Bank measures and monitors risk for each
setiap debitur baik secara individual maupun debtor, on individual and obligor basis, by
obligor, sektor ekonomi maupun seluruh economic sector and credit portfolios. The Bank
portofolio kredit. Bank telah menetapkan standar has set up standards and procedures to support
dan prosedur untuk mendukung proses a process of granting credit by considering risk
pemberian kredit yang mempertimbangkan risiko and return.
dan perolehan hasil.
Kualitas kredit aset keuangan dikelola oleh Bank The credit quality of financial assets is managed
dengan menggunakan panduan dari Otoritas by the Bank using guidance from Financial
Jasa Keuangan. Kualitas kredit berdasarkan Services Authority’s. The credit quality by class
golongan aset untuk beberapa aset keuangan of asset for certain financial assets exposed to
yang memiliki risiko kredit, dijelaskan di Catatan credit risk, are disclosed in Notes 6, 7, 8, 9, 10,
6, 7, 8, 9, 10, 11, 12, 13 dan 14 dalam laporan 11, 12, 13 and 14 to the financial statements.
keuangan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 296
Page 929
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Mitigasi Risiko Kredit (lanjutan) Credit Risk Mitigation (continued)
Bank memiliki kebijakan untuk mempertahankan It is the Bank’s policy to maintain accurate and
akurasi dan konsistensi peringkat risiko di seluruh consistent risk ratings across the credit portfolio.
portofolio kredit. Hal ini akan memudahkan fokus This enable management to focus on the
manajemen risiko yang berlaku dan applicable risks and the comparison of credit
perbandingan eksposur kredit di seluruh lini exposures across all lines of business,
bisnis, daerah geografis dan produk. Sistem geographic regions and products. The rating
peringkat ini didukung oleh berbagai analisis system is supported by a variety of financial
keuangan, dikombinasikan dengan informasi analysis, combined with processed market
pasar yang telah diproses untuk menyediakan information to provide the main inputs for the
masukan utama untuk pengukuran risiko measurement of counterparty risk. All internal
counterparty. Semua peringkat risiko internal risk ratings are tailored to the various categories
yang disesuaikan dengan berbagai kategori dan and are derived in accordance with the Bank’s
diturunkan sesuai dengan kebijakan penilaian rating policy. The attributable risk ratings are
Bank. Peringkat risiko yang timbul dinilai dan assessed and updated regularly.
diperbaharui secara berkala.
Agunan yang diambil alih Foreclosed assets
Selama tahun berjalan, Bank telah mengambil alih During the current year, the Bank took
kepemilikan jaminan sebanyak 55 unit tanah dan possession of 55 units of land and buildings with
bangunan dengan nilai buku sebesar Rp143.516 book value of Rp143,516 and sold 59 units of
dan telah menjual sebanyak 59 unit tanah dan land and building with book value of Rp149,849
bangunan dengan nilai buku sebesar Rp149.849 while the remaining are still in the process of
sedangkan sisanya dalam proses dilakukan being sold.
penjualan oleh Bank.
Penilaian penurunan nilai Impairment assessment
Bank telah menerapkan klasifikasi penurunan nilai Bank has implemented classification of
berdasarkan ketentuan PSAK 71 sejak Januari impairment based on SFAS 71 since January
2020. Klasifikasi penurunan nilai terdiri dari 3 2020. Impairment classification consist of
(tiga) stage: stage 1 atau performing loan yaitu 3 (three) stage: stage 1 or performing loan or non-
kredit yang tidak mengalami penurunan nilai, impaired loan, stage 2 or under performing loan
stage 2 atau under performing loan yaitu kredit or non-impaired loan bit have significant increase
belum mengalami penurunan nilai namun in credit risk since the originated, and stage 3 or
mengalami peningkatan risiko kredit secara non-performing or impaired loan.
signifikan sejak pengakuan awal, dan stage 3 atau
non-performing atau kredit telah mengalami
penurunan nilai.
Pengklasifikasian kredit untuk debitur non-ritel Credit classification for non-retail borrower
ditentukan berdasarkan beberapa kriteria pemicu determined based on timeliness of payment,
(trigger), yaitu berdasarkan ketepatan rating, financial, and event triggers. Meanwhile
pembayaran, peringkat, keuangan dan terjadinya classification for retail borrower classification is
peristiwa tertentu. Sementara klasifikasi untuk emphasizing more on the timeliness of payment
debitur ritel lebih menekankan pada ketepatan and rating.
pembayaran dan peringkat.
297 PT Bank Maybank Indonesia Tbk 2023 Annual Report 927
Page 930
928
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Penilaian penurunan nilai (lanjutan) Impairment assessment (continued)
Bank melakukan penilaian penurunan nilai dalam The Bank addresses impairment assessment in
dua area: penilaian cadangan penurunan nilai two methods: individually assessed allowances
individual dan penilaian cadangan penurunan and collectively assessed allowances.
nilai kolektif.
Bank menentukan cadangan secara individual The Bank determines the allowances appropriate
untuk masing-masing aset keuangan kredit for each individually significant financial assets on
diberikan individu yang signifikan. Beberapa hal an individual basis. Items considered when
yang dipertimbangkan dalam menentukan jumlah determining allowance amounts include the
cadangan antara lain mencakup kemungkinan sustainability of the debtors’ business plan, its
rencana bisnis debitur, kemampuan untuk ability to improve performance once a financial
memperbaiki kinerja setelah adanya kesulitan difficulty has arisen, projected receipts and the
keuangan, proyeksi penerimaan dan expected payout should bankruptcy ensue, the
pembayaran apabila terjadi kebangkrutan, availability of other financial support, the
kemungkinan adanya sumber pembayaran realizable value of collateral and the timing of
lainnya, jumlah yang dapat direalisasikan atas expected cash flows. Impairment allowances are
jaminan dan ekspektasi waktu arus kas. evaluated at each reporting date, unless foreseen
Cadangan penurunan nilai dievaluasi setiap circumstances require more careful attention. The
tanggal pelaporan, kecuali bila terdapat beberapa methodology of individually assessed allowances
kondisi-kondisi yang mengharuskan adanya for financial assets has been disclosed in Note 2o.
pemantauan yang lebih berhati-hati. Metodologi
atas penilaian cadangan penurunan nilai secara
individual untuk aset keuangan telah
diungkapkan dalam Catatan 2o.
Penilaian cadangan penurunan nilai kolektif Collectively assessed allowances
Penilaian cadangan kerugian secara kolektif Allowances are assessed collectively for losses
dilakukan atas aset keuangan yang tidak on financial assets that are not individually
signifikan secara individu. Metodologi atas significant. The methodology of collectively
penilaian cadangan penurunan nilai secara assessed allowances has been disclosed in Note
kolektif ini telah diungkapkan pada Catatan 2o. 2o.
Evaluasi penurunan nilai Impairment assessment
Berikut ini adalah risiko kredit berdasarkan Below are credit risk based on impairment
klasifikasi evaluasi penurunan nilai untuk pos-pos assesment classification for certain financial
aset keuangan tertentu pada tanggal 31 asset as of December 31, 2023 and 2022:
Desember 2023 dan 2022:
Giro pada bank lain Current accounts with other banks
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 151.346 - 151.346 339.430 - 339.430 Rupiah
Mata uang asing 2.042.746 - 2.042.746 1.691.891 - 1.691.891 Foreign currencies
Jumlah 2.194.092 - 2.194.092 2.031.321 - 2.031.321 Total
Cadangan kerugian Allowance for
penurunan nilai (1.810) - (1.810) (1.537) - (1.537) impairment losses
2.192.282 - 2.192.282 2.029.784 - 2.029.784
PT Bank Maybank Indonesia Tbk 2023 Annual Report 298
Page 931
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Penempatan pada Bank Indonesia dan bank lain Placements with Bank Indonesia and other banks
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah Rupiah
Sertifikat Deposito 200.000 - 200.000 300.000 - 300.000 Certificate of Deposits
Penempatan pada Placement with
Bank Indonesia - - - 500.000 - 500.000 Bank Indonesia
200.000 - 200.000 800.000 - 800.000
Mata uang asing Foreign currencies
Deposito berjangka 2.232.565 - 2.232.565 1.712.425 - 1.712.425 Time deposits
Call money 63.937 - 63.937 16.930 - 16.930 Call money
2.296.502 - 2.296.502 1.729.355 - 1.729.355
Jumlah 2.496.502 - 2.496.502 2.529.355 - 2.529.355 Total
Cadangan kerugian Allowance for
Penurunan nilai (2.016) - (2.016) (3.000) - (3.000) Impairment of deposits
2.494.486 - 2.494.486 2.526.355 - 2.526.355
Efek-efek Marketable securities
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah Rupiah
Government Promissory
Surat Utang Negara 15.524.766 - 15.524.766 10.803.060 - 10.803.060 Notes
Sukuk Bank Indonesia 3.825.704 - 3.825.704 7.744.846 - 7.744.846 Sukuk Bank Indonesia
Obligasi korporasi 3.256.438 - 3.256.438 3.473.187 4.540 3.477.727 Corporate bonds
Surat Berharga Syariah
Negara 3.255.946 - 3.255.946 2.800.981 - 2.800.981 Sovereign Sharia Securities
Sekuritas Rupiah Bank Indonesia
Bank Indonesia 1.260.610 - 1.260.610 - - - Rupiah Securities
Tagihan atas wesel ekspor 131.620 - 131.620 55.050 - 55.050 Export bills receivables
Sertifikat Deposito 123.275 - 123.275 - - - Negotiable Certificate of Deposit
Surat Perbendaharaan
Negara Syariah 81.221 - 81.221 - - - State Treasury Notes Sharia
Medium-term Notes 49.567 - 49.567 250.978 - 250.978 Medium-term Notes
27.509.147 - 27.509.147 25.128.102 4.540 25.132.642
299 PT Bank Maybank Indonesia Tbk 2023 Annual Report 929
Page 932
930
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Efek-efek (lanjutan) Marketable securities (continued)
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Mata uang asing Foreign currencies
Government Promissory
Surat Utang Negara 1.105.720 - 1.105.720 1.150.482 - 1.150.482 Notes
Surat Berharga
Syariah Negara 617.181 - 617.181 617.305 - 617.305 Sovereign Sharia Securities
Obligasi korporasi 568.406 - 568.406 525.500 - 525.500 Corporate Bonds
Sukuk Bank Indonesia 307.940 - 307.940 - - - Sukuk Bank Indonesia
Tagihan atas wesel ekspor 279.073 - 279.073 961.773 - 961.773 Export bills receivables
Sekuritas Valas Bank Indonesia
Bank Indonesia 153.851 - 153.851 - - - Foreign securities
Medium-term Notes 42.863 - 42.863 41.616 - 41.616 Medium-term Notes
3.075.034 - 3.075.034 3.296.676 - 3.296.676
Jumlah 30.584.181 - 30.584.181 28.424.778 4.540 28.429.318 Total
Cadangan kerugian Allowance for
penurunan nilai (397) - (397) (4.391) - (4.391) impairment losses
-
30.583.784 30.583.784 28.420.387 4.540 28.424.927
Penyertaan saham Investment in shares
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 167.793 - 167.793 170.369 - 170.369 Rupiah
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreement
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 2.329.696 - 2.329.696 1.538.292 - 1.538.292 Rupiah
Mata uang asing 3.426 - 3.426 - - - Foreign currencies
Jumlah 2.333.122 - 2.333.122 1.538.292 - 1.538.292 Total
Cadangan kerugian Allowance for
penurunan nilai (50) - (50) (1.076) - (1.076) impairment losses
2.333.072 - 2.333.072 1.537.216 - 1.537.216
PT Bank Maybank Indonesia Tbk 2023 Annual Report 300
Page 933
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Tagihan derivatif Derivative receivables
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 908.408 - 908.408 498.071 - 498.071 Rupiah
Mata uang asing 72.583 - 72.583 177.710 - 177.710 Foreign currencies
980.991 - 980.991 675.781 - 675.781
Kredit yang diberikan dan piutang/pembiayaan Loans and Sharia receivables/financing
Syariah
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah Rupiah
Korporasi 17.783.532 46.702 17.830.234 16.274.341 46.945 16.321.286 Corporate
Commercial/Small
Komersial/Usaha Kecil and Medium
Menengah (UKM) 18.769.905 2.131.456 20.901.361 17.580.711 2.599.944 20.180.655 Enterprises (SME)
Konsumen 25.932.536 524.150 26.456.686 21.866.790 542.750 22.409.540 Consumer
Syariah 26.001.456 1.352.426 27.353.882 22.048.623 892.023 22.940.646 Sharia
88.487.429 4.054.734 92.542.163 77.770.465 4.081.662 81.852.127
Mata uang asing Foreign currencies
Korporasi 10.413.427 403.456 10.816.883 12.094.968 417.277 12.512.245 Corporate
Commercial/Small
Komersial/Usaha Kecil and Medium
Menengah (UKM) 1.808.475 3 1.808.478 2.043.968 36.364 2.080.332 Enterprises (SME)
Syariah 2.867.293 21.460 2.888.753 3.472.710 21.229 3.493.939 Sharia
15.089.195 424.919 15.514.114 17.611.646 474.870 18.086.516
Jumlah 103.576.624 4.479.653 108.056.277 95.382.111 4.556.532 99.938.643 Total
Cadangan kerugian Allowance for
penurunan nilai (1.526.815) (1.849.998) (3.376.813) (1.690.700) (1.545.297) (3.235.997) impairment losses
102.049.809 2.629.655 104.679.464 93.691.411 3.011.235 96.702.646
Piutang pembiayaan konsumen Consumer financing receivables
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 7.856.725 89.004 7.945.729 7.810.492 65.952 7.876.444 Rupiah
Cadangan kerugian Allowance for
penurunan nilai (94.670) (50.618) (145.288) (87.407) (35.064) (122.471) impairment losses
7.762.055 38.386 7.800.441 7.723.085 30.888 7.753.973
301 PT Bank Maybank Indonesia Tbk 2023 Annual Report 931
Page 934
932
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Tagihan akseptasi Acceptances receivable
31 Desember/December 31
2023 2022
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 160.634 - 160.634 430.484 2.227 432.711 Rupiah
Mata uang asing 626.061 - 626.061 825.752 18.818 844.570 Foreign currencies
Jumlah 786.695 - 786.695 1.256.236 21.045 1.277.281 Total
Cadangan kerugian Allowance for
Penurunan nilai (1.065) - (1.065) (1.673) (12.768) (14.441) impairment losses
785.630 - 785.630 1.254.563 8.277 1.262.840
Tabel di bawah menunjukkan peringkat kredit per The tables below show credit grading per class of
jenis instrumen (sebelum cadangan kerugian financial assets (gross of allowance for impairment
penurunan nilai): losses):
31 Desember/December 31, 2023
Belum jatuh tempo dan tidak mengalami penurunan nilai/
Neither past due nor impaired Jatuh tempo
dan tidak
mengalami
penurunan Mengalami
Tingkat Tingkat Tanpa nilai/Past-due penurunan
Tingkat tinggi/ standar/ rendah/ peringkat/ but not nilai/ Jumlah/
High grade Standard grade Low grade Unrated impaired Impaired Total
Aset keuangan Financial assets
Current accounts with
Giro pada Bank Indonesia - - - 8.152.106 - - 8.152.106 Bank Indonesia
Current accounts with
Giro pada bank lain 971.602 142.874 112.660 966.956 - - 2.194.092 other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 58.382 205.555 - 2.232.565 - - 2.496.502 and other banks
Efek-efek yang
diperdagangkan 1.297.687 - - - - - 1.297.687 Trading securities
Investasi keuangan 1.989.067 3.928.307 307.868 24.526.732 - - 30.751.974 Financial investments
Securities purchased
Efek-efek yang dibeli dengan under resale
janji dijual kembali - - - 2.333.122 - - 2.333.122 agreements
Tagihan derivatif 439.535 103.878 79.934 357.644 - - 980.991 Derivative receivables
Kredit yang diberikan dan
piutang/pembiayaan Loans and Sharia
Syariah 2.666.445 31.103.160 34.043.747 33.534.567 2.228.705 4.479.653 108.056.277 receivables/financing
Piutang pembiayaan Consumer financing
konsumen - - - 7.291.750 564.975 89.004 7.945.729 receivables
Tagihan akseptasi - - - 786.695 - - 786.695 Acceptances receivables
Beban dibayar dimuka dan Prepayment and other
aset lain-lain*) - - - 1.017.013 - - 1.017.013 assets*)
Jumlah 7.422.718 35.483.774 34.544.209 81.199.150 2.793.680 4.568.657 166.012.188 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.527.439) impairment losses
162.484.749
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card center
card center dan Mastercard receivables and Mastercard
PT Bank Maybank Indonesia Tbk 2023 Annual Report 302
Page 935
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Tabel di bawah menunjukkan peringkat kredit per The tables below show credit grading per class of
jenis instrumen (sebelum cadangan kerugian financial assets (gross of allowance for impairment
penurunan nilai): (lanjutan) losses): (continued)
31 Desember/December 31, 2022
Belum jatuh tempo dan tidak mengalami penurunan nilai/
Neither past due nor impaired Jatuh tempo
dan tidak
mengalami
penurunan Mengalami
Tingkat Tingkat Tanpa nilai/Past-due penurunan
Tingkat tinggi/ standar/ rendah/ peringkat/ but not nilai/ Jumlah/
High grade Standard grade Low grade Unrated impaired Impaired Total
Aset keuangan Financial assets
Current accounts with
Giro pada Bank Indonesia - - - 9.654.266 - - 9.654.266 Bank Indonesia
Current accounts with
Giro pada bank lain 769.891 245.087 317.214 699.129 - - 2.031.321 other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain - 316.930 - 2.212.425 - - 2.529.355 and other banks
Efek-efek yang
diperdagangkan 479.836 - - - - - 479.836 Trading securities
Investasi keuangan 1.649.776 4.296.909 112.382 22.536.080 - 4.540 28.599.687 Financial investments
Securities purchased
Efek-efek yang dibeli dengan under resale
janji dijual kembali - 94.658 - 1.443.634 - - 1.538.292 agreements
Tagihan derivatif 264.523 63.322 43.255 304.681 - - 675.781 Derivative receivables
Kredit yang diberikan dan
piutang/pembiayaan Loans and Sharia
Syariah 29.198.344 31.926.912 4.062.502 28.267.158 1.927.195 4.556.532 99.938.643 receivables/financing
Piutang pembiayaan Consumer financing
konsumen - - - 7.300.133 510.359 65.952 7.876.444 receivables
Tagihan akseptasi - - - 1.256.236 - 21.045 1.277.281 Acceptances receivables
Beban dibayar dimuka dan Prepayment and other
aset lain-lain*) - - - 1.001.101 - - 1.001.101 assets*)
Jumlah 32.362.370 36.943.818 4.535.353 74.674.843 2.437.554 4.648.069 155.602.007 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.382.913 ) impairment losses
152.219.094
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card center
card center dan Mastercard receivables and Mastercard
Peringkat kredit didefinisikan sebagai berikut: The credit grading are defined as follows:
a) Tingkat tinggi: Peringkat dalam kategori ini a) High grade: Rating in this category has an
memiliki kapasitas sangat baik dalam excellent capacity to meet financial
memenuhi komitmen keuangan dengan risiko commitments with very low credit risk.
kredit sangat rendah.
b) Tingkat sedang: Peringkat dalam kategori ini b) Standard grade: Rating in this category has a
memiliki kapasitas yang baik dalam good capacity to meet financial commitments
memenuhi komitmen keuangan dengan risiko with very low credit risk.
kredit sangat rendah.
c) Tingkat rendah: Peringkat dalam kategori ini c) Low grade: Rating in this category has fairly
memiliki kapasitas yang cukup dalam acceptable capacity to meet financial
memenuhi komitmen keuangan dengan risiko commitments with standard credit risk.
kredit sedang.
d) Tanpa peringkat: Kategori ini tidak d) Unrated: This category are currently not
menyediakan peringkat dikarenakan assigned with any ratings due to unavailability
ketidaktersediaan dari model-model peringkat of rating models or exposure and/or
atau risiko pada lembaga pemerintah government-related-agencies.
dan/atau agen-agen yang berhubungan
dengan pemerintah.
303 PT Bank Maybank Indonesia Tbk 2023 Annual Report 933
Page 936
934
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Analisis umur kredit yang diberikan dan piutang The aging analysis of past due but not impaired
pembiayaan konsumen yang jatuh tempo tetapi loans and consumer financing receivables as of
tidak mengalami penurunan nilai pada tanggal December 31, 2023 and 2022, are as follows:
31 Desember 2023 dan 2022 sebagai berikut:
31 Desember/December 31, 2023
Sampai dengan
Jumlah/ 30 hari/ 31 - 60 hari/ 61 - 90 hari/
Total Up to 30 days days days
Komersial/Usaha Commercial/Small and
Kecil Menengah (UKM) 180.084 110.735 20.077 49.272 Medium Enterprises (SME)
Konsumen 1.263.350 977.066 181.413 104.871 Consumer
Syariah 785.271 605.611 116.157 63.503 Sharia
2.228.705 1.693.412 317.647 217.646
31 Desember/December 31, 2022
Sampai dengan
Jumlah/ 30 hari/ 31 - 60 hari/ 61 - 90 hari/
Total Up to 30 days days days
Komersial/Usaha Commercial/Small and
Kecil Menengah (UKM) 172.792 108.375 30.350 34.067 Medium Enterprises (SME)
Konsumen 970.065 719.453 135.904 114.708 Consumer
Syariah 784.338 610.311 109.593 64.434 Sharia
1.927.195 1.438.139 275.847 213.209
31 Desember/December 31, 2023
Sampai dengan
Jumlah/ 30 hari/ 31 - 60 hari/ 61 - 90 hari/
Total Up to 30 days days days
Piutang pembiayaan konsumen 564.974 434.103 98.190 32.681 Consumer financing receivables
31 Desember/December 31, 2022
Sampai dengan
Jumlah/ 30 hari/ 31 - 60 hari/ 61 - 90 hari/
Total Up to 30 days days days
Piutang pembiayaan konsumen 510.359 398.069 86.079 26.211 Consumer financing receivables
Bank melakukan pengukuran Expected Credit Loss Bank specifically requires to measurement of
(ECL) tidak hanya menggunakan informasi masa Expected Credit Loss (ECL) using not only past and
lalu dan saat ini, tetapi juga termasuk informasi current information, but also including forecast
prakiraan (forward looking). Model dibangun untuk information. The model is developed for each
setiap portofolio dengan memodelkan Observed portfolio by modelling quarterly portfolio-level ODRs
Default Rate (ODR) pada tingkat portofolio dengan with a range of quarterly macroeconomic variables
berbagai variable Makro ekonomi dengan metode base on Statistical method with Multiple Logistic of
statistika regresi berganda. Oleh karena itu regression. The ECL calculations are therefore
perhitungan ECL diharapkan memasukkan expected to include forward looking adjustments
penyesuaian berwawasan kedepan (Forward (“FLA”) accounting for the expected future
looking adjustment /FLA) yang konsisten dengan macroeconomic conditions.
kondisi makro ekonomi.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 304
Page 937
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Estimasi perubahan ECL harus mencerminkan, dan Estimates of changes in ECL should reflect, and be
secara konsisten dengan perubahan dalam data directionally consistent with, changes in related
observasi terkait dari periode ke periode (seperti observable data from period to period (such as
perubahan tingkat pengangguran, indeks harga changes in unemployment rates, property residential
perumahan properti, inflasi, PDB, nilai tukar, atau prices index, inflation, GDP, exchange rate, or other
faktor lain yang merupakan indikasi kerugian kredit factors that are indicative of credit losses on the
atas instrumen keuangan atau kelompok instrumen financial instrument or in the group of financial
keuangan dan besarnya perubahan tersebut). instruments and in the magnitude of those changes).
Berdasarkan saran dari Komite Manajemen Risiko, Based on advice from the Risk Management
pakar ekonomi dan pertimbangan berbagai Committee, Internal economists and consideration
informasi aktual dan perkiraan eksternal, Bank of various actual information and external forecast,
merumuskan pandangan Base (base case) tentang Bank formulated a base case for the movement of
pergerakan variable ekonomi yang relevan di masa relevant economic variables in the future as well as
depan serta perkiraan skenario lain yang mungkin forecasts of other possible scenarios and scenario
terjadi (upcase dan downcase) serta bobot yang weighted also. The base case reflects the output
dipakai untuk masing-masing skenario. Pandangan with the highest probability and is used in forward
Base (base case) mencerminkan output dengan looking factor measurement. Another scenario,
probabilitas yang paling tinggi yang digunakan reflects more optimistic outputs and more
dalam perhitungan factor forward looking. Skenario pessimistic outputs. Regarding the Globally
yang lain, mencerminkan keluaran yang lebih pandemic of Covid-19 impact, economists decided
optimis dan keluaran yang lebih pesimis. Terkait for the year 2023 to use scenario weighted for first
dengan adanya pengaruh pandemi Covid-19 secara year (Y1) onwards forecast is 80:10:10 whereas it’s
global, pakar ekonomi menetapkan untuk tahun for base case, up case and down case respectively.
2023 menggunakan bobot per scenario dari tahun
pertama 80:10:10 masing-masing untuk basecase,
upcase dan downcase.
Tahun 1/Year 1 Tahun 2/Year 2
Dasar/Base Target/Range Dasar/Base Target/Range
Pertumbuhan PDB 4,92% 4,34% - 5,16% 4,90% 4,41% - 5,20% GDP Growth
Inflasi 3,68% 3,13% - 4,05% 2,95% 2,51% - 3,27% Inflation
Tingkat Pengangguran 5,32% 4,79% - 6,12% 5,21% 4,69% - 5,99% Unemployment
Ekspor riil 0,51% 0,46% - 0,55% 6,53% 5,88% - 7,19% Export Real
Impor riil -1,20% -1,28% - -1,08% 8,27% 7,44% - 9,10% Import Real
Harga Minyak USD62 - USD67 -
dunia USD77/Barel USD97 USD82/Barel USD102 Brent
Indeks Harga Properti Residensial 1,91% 1,63% - 2,20% 2,22% 1,89% - 2,56% Price Property Index
IDR14.085 - IDR14.005 -
Nilai Tukar IDR15.227 IDR17.511 IDR15.141 IDR17.412 Foreign Exchange
Perkembangan pandemi global Coronavirus The developing Coronavirus Disease 2019 (“Covid-
Disease 2019 (“Covid-19”) secara global telah 19”) global pandemic has had an impact on the
berdampak terhadap kinerja dan kapasitas debitur performance and capacity of debtors in fulfilling
dalam memenuhi kewajiban pembayaran kredit repayment that has led to an increase in credit risk
yang menyebabkan peningkatan dalam risiko kredit of Indonesian banks.
perbankan Indonesia.
305 PT Bank Maybank Indonesia Tbk 2023 Annual Report 935
Page 938
936
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Program stimulus Covid-19 diperpanjang hingga 31 The Covid-19 stimulus program will be extended up
Maret 2024 sesuai Keputusan Dewan Komisioner to 31 March 2024 as per OJK Board of
(KDK) OJK No. 34/KDK.03/2022 tentang Penetapan Commissioners Decree No. 34/KDK.03/2022 on the
Sektor Penyediaan Akomodasi dan Penyediaan Designation of the Accommodation Services Sector
Makan Minum, Sektor Tekstil dan Produk Tekstil and Food & Beverage Supply, Textile & Textile
Serta Alas Kaki, Segmen Usaha Mikro, Kecil dan Products and Footwear Sector, Micro, Small and
Menengah, serta Provinsi Bali sebagai Sektor dan Medium Enterprises Segment, and Bali Province as
Daerah yang Memerlukan Perlakuan Khusus Sectors and Regions that Require Special
Terhadap Kredit atau Pembiayaan Bank. Beberapa Treatment for Bank Credit or Financing. Some
poin yang disampaikan dalam kebijakan tersebut points conveyed in the policy are:
adalah:
1) Kriteria debitur yang memperoleh relaksasi atau 1) Criteria for debtors who that may receive
perlakuan khusus dari wabah Covid-19 relaxation or special treatment from outbreak
Covid-19
2) Peningkatan kualitas kredit menjadi Lancar 2) Improvement of credit quality to current after
setelah restrukturisasi restructuring
3) Skema restrukturisasi sebagaimana diatur oleh 3) Restructuring scheme as regulated by OJK
OJK
4) Stimulus berlaku hingga 31 Maret 2024 4) Stimulus applicable up to March 31, 2024
5) Dalam menerapkan kebijakan yang 5) In implementing the policies to stimulate
mendukung stimulus pertumbuhan ekonomi, economic growth, Banks must apply Risk
bank menerapkan manajemen risiko yang Management practices at minimum as follows:
paling sedikit meliputi:
a. Memiliki pedoman untuk menetapkan a. Owns Guideline(s) in determining which
debitur yang terkena dampak penyebaran customers / borrowers affected by Covid-19
Covid-19, pandemic,
b. Melakukan penilaian terhadap debitur yang b. Performs assessment towards borrowers
mampu terus bertahan dari dampak Covid- who are able to withstand the Covid-19
19 dan masih memiliki prospek usaha pandemic while still retaining its business
sehingga dapat diberikan restrukturisasi prospect; hence, such borrowers are
kredit/pembiayaan, applicable for loan/financing restructuring,
c. Membentuk cadangan untuk debitur yang c. Allocates allowances for borrowers who were
dinilai tidak lagi mampu bertahan setelah assessed to not be able to withstand even
dilakukan restrukturisasi kredit after undergone loan /financing restructuring,
/pembiayaan, dan and
d. Melakukan uji ketahanan secara berkala d. Performs periodical stress testing against
terhadap potensi penurunan kualitas kredit potential quality deterioration of restructured
atau pembiayaan yang direstrukturisasi dan loan/ financing, as well as its effects towards
pengaruhnya terhadap likuiditas dan bank's equity and liquidity.
permodalan bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 306
Page 939
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Selain itu, berdasarkan Surat dari Kepala Eksekutif In addition, based on a Letter from the Chief
Pengawas Perbankan No. S-7/D.03/2020 tentang Executive of Banking Supervision No. S-
“Implementasi PSAK 71 dan 68 selama wabah 7/D.03/2020 concerning "Implementation of SFAS
Covid-19” menyampaikan penerapan PSAK 71 71 and 68 during outbreak Covid-19" convey the
sebagai berikut: application of SFAS 71 as follows:
1) Mematuhi dan melaksanakan POJK 1) Comply and apply POJK 11/POJK.03/2020 and
11/POJK.03/2020 serta mengidentifikasi identify previously good debtor which
debitur berkinerja baik namun menurun deteriorating due to Covid-19.
kinerjanya karena terdampak Covid-19.
2) Menerapkan skema restrukturisasi mengacu 2) Applying restructuring scheme based on an
pada hasil asesmen yang akurat untuk debitur accurate assessment for debtors impacted by
yang terdampak Covid-19 dengan jangka waktu Covid-19 for maximum period of 1 year.
maksimum 1 tahun.
3) Menggolongkan debitur yang mendapatkan 3) Classify restructured debtors to Stage 1 and no
skema restrukturisasi dalam Stage 1 dan tidak additional provision needed.
dibutuhkan tambahan pencadangan.
4) Melakukan identifikasi dan monitoring secara 4) Continuously identify, monitor resctructured
berkelanjutan serta berjaga-jaga untuk debtor and consider whether additional
melakukan pembentukan CKPN apabila debitur provision might be needed in the event of debtor
yang telah mendapatkan fasilitas restrukturisasi performance is deteriorate and cannot be
mengalami penurunan kinerja dan tidak dapat recovered after resctructuring/impact of Covid-
pulih pasca restrukturisasi/dampak Covid-19 19 is over.
berakhir.
Menyikapi kondisi saat ini, Bank telah menyusun In response to the current condition, Bank has
kebijakan khusus dan prosedur pendukungnya established specific policy and supporting
terkait penanganan debitur yang terkena dampak procedures related to handling of debtors affected
Covid-19 yang antara lain mencakup: by Covid-19, which include:
1) Penetapan kualitas aset 1) Determination of asset quality
2) Restrukturisasi kredit atau pembiayaan 2) Restructuring of Loan or financing included other
termasuk penyediaan dana lain earning asset
3) Penurunan nilai kredit 3) Loan impairment
4) Pemantauan dan pelaporan 4) Monitoring dan reporting
Kebijakan Bank diperbaharui sesuai dengan kondisi Bank’s policy is updated according to the conditions
atau perubahan kebijakan regulator. or changes in the regulator’s policy.
307 PT Bank Maybank Indonesia Tbk 2023 Annual Report 937
Page 940
938
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar Market Risk
Risiko pasar adalah risiko dimana nilai wajar atau Market risk is defined as the risk that the fair value
arus kas di masa mendatang dari suatu instrumen or future cash flows of a financial instrument will
keuangan akan berfluktuasi akibat perubahan fluctuate as a result of changes in market variables,
variabel pasar, seperti: suku bunga, nilai tukar, such as interest rates, exchange rates, equity prices
harga ekuitas dan harga komoditas. Risiko pasar and commodity prices. Market risk is embedded in
melekat pada semua portofolio bank termasuk all bank’s portfolio which comprise of Trading Books
posisi pada Trading Book maupun Banking Book. as well as the Banking Book.
Pengelolaan risiko pasar pada Trading Book, diukur Market risk management within Trading Book is
menggunakan beberapa metodologi diantaranya complemented by various measurement tools i.e:
yaitu: Value at Risk (VaR), PV01, PDN Valuta Asing Value at Risk (VaR), PV01, FX NOP (Foreign
(Posisi Devisa Neto Valuta Asing) dan Stop Loss Exchange Net Open Position) and Stop Loss Limit.
Limit.
VaR didefinisikan sebagai kerugian potensial VaR is defined as the maximum potential loss within
maksimum yang berasal dari pergerakan pasar normal market condition on specific level of
yang normal dalam tingkat kepercayaan dan jangka confidence and holding period taking into account
waktu pengambilan posisi tertentu berdasarkan the sensitivity and volatility from each of portfolio
sensitivitas atau volatilitas dari setiap variabel variables as well as diversification effect which
instrumen/portofolio dan juga efek diversifikasi yang offset risk positions in the portfolio.
mengurangi posisi risiko pada portofolio.
Pengukuran PV01 mengkalkulasikan kerugian dari PV01 calculates the loss of an instrument or a set
suatu instrumen atau kumpulan portofolio yang of portfolio corresponding to an increase of 1 basis
diakibatkan oleh kenaikan 1 basis poin pada tingkat point in interest rate. PV01 serves as a sensitivity
suku bunga. PV01 berperan sebagai alat ukur measure of portfolio to a change in interest rate. FX
sensitivitas dari portofolio terhadap perubahan suku NOP is a measure to limit the maximum holding
bunga. PDN Valuta Asing adalah suatu mekanisme position of specific currency in trading activity to
untuk mengukur jumlah posisi yang diperkenankan mitigate the foreign exchange risk. In addition, Stop
terhadap suatu mata uang yang dilakukan untuk Loss Limit is imposed to curb the actual financial
memitigasi risiko nilai tukar. Sedangkan Stop Loss loss for trading book.
Limit ditentukan untuk membatasi kerugian finansial
yang dapat terjadi atas setiap portofolio pada trading
book.
VaR sebagai metode pengukuran dari risiko memiliki VaR as a risk measure possess some limitations.
beberapa keterbatasan. VaR menggunakan data VaR incorporates historical data to forecast future
historis untuk meramalkan pergerakan harga di masa price behavior. While in fact, future price behavior
mendatang. Sedangkan pergerakan pasar di masa could differ substantially from past behavior.
mendatang dapat jauh berbeda dari pergerakan di Furthermore, the application of one-day holding
masa lalu. Selanjutnya, penggunaan metode jangka period method assumes that all positions in the
waktu pengambilan posisi dalam satu hari portfolio can be liquidated or hedged in one day. In
mengasumsikan bahwa keseluruhan posisi dalam liquidity crunch period or specific market events,
portofolio dapat dijual/ dibeli atau di-hedge dalam satu this assumption may not hold. Moreover, 99%
hari. Dalam periode kesulitan likuiditas atau kejadian confidence level assumption implies that VaR does
di pasar yang spesifik, asumsi ini memiliki not account for any losses that occur beyond this
kemungkinan tidak tepat. Selain itu, penggunaan confidence level.
tingkat kepercayaan 99% berarti bahwa VaR tidak
mengikutkan kerugian yang melebihi tingkat
kepercayaan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 308
Page 941
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Berikut adalah hasil pengukuran VaR (tidak diaudit) Following is the VaR (unaudited) calculation during
selama tahun yang berakhir pada 31 Desember the years ended on December 31, 2023 and 2022:
2023 dan 2022:
31 Desember/December 31, 2023
Nilai Tukar/ Suku Bunga/
Foreign Exchange Interest Rate
Rata-rata 4.589 6.577 Average
Tertinggi 35.152 18.324 Highest
Terendah 235 2.283 Lowest
Akhir periode 2.020 6.216 End of period
31 Desember/December 31, 2022
Nilai Tukar/ Suku Bunga/
Foreign Exchange Interest Rate
Rata-rata 2.712 4.280 Average
Tertinggi 9.051 9.939 Highest
Terendah 183 1.908 Lowest
Akhir periode 1.291 4.201 End of period
Risiko pasar non-trading Non-trading market risk
Risiko suku bunga Interest rate risk
2
Pengelolaan risiko suku bunga pada non trading Interest rate risk management in non-trading or
atau Banking Book dilakukan dengan menerapkan Banking Book is done by establishing an adequate
kebijakan dan prosedur yang memadai serta policies and procedures and risk limits settings on
penetapan limit-limit risiko pada Banking Book. banking book. Besides, the Bank also conducts
Selain itu, apabila dibutuhkan Bank juga hedging related to the risk management on banking
melakukan aktivitas lindung nilai (hedging) yang book by applying financial instruments, such as
terkait dengan pengelolaan risiko pada Banking derivative financial instruments that have been
Book dengan menggunakan instrumen-instrumen approved by ALCO and in accordance with the
keuangan, seperti halnya instrumen keuangan applicable regulations, and is used only to reduce
derivatif, yang telah disetujui oleh ALCO dan sesuai the risk on Banking Book and not as a source to
dengan peraturan dari regulator yang berlaku dan generate profit/revenue.
digunakan hanya untuk mengurangi risiko pada
Banking Book, bukan sebagai sumber untuk
menghasilkan suatu keuntungan /pendapatan.
Pengelolaan risiko pasar pada posisi Banking Book Market risk management for banking book or
atau Interest Rate Risk in the Banking Book (IRRBB) Interest Rate Risk in the Banking Book (IRRBB)
dilakukan dengan menggukan dua perspektif yaitu is carried out by using two perspectives, namely
perspektif nilai ekonomis (economic value) untuk the economic value perspective to measure the
mengukur dampak perubahan suku bunga terhadap impact of changes in interest rates on the
nilai ekonomis dari ekuitas Bank; dan persepektif economic value of Bank equity; and the
rentabilitas (earnings) untuk mengukur dampak profitability (earnings) perspective to measure the
perubahan suku bunga terhadap rentabilitas impact of changes in interest rates on the
(earnings) Bank. Pengelolaan Risiko IRRBB tersebut profitability (earnings) of the Bank. IRRBB Risk
dilakukan agar Bank dapat mengidentifikasi Risiko Management aims to identify Risks more
secara lebih akurat dan melakukan tindak lanjut accurately so that appropriate improvements can
perbaikan yang sesuai. Bank mengadopsi beberapa be made. The Bank adopts several measurement
teknik pengukuran yang ditranslasikan menjadi techniques which translate into controls in the
kontrol dalam pengelolaan IRRBB, baik untuk management of IRRBB, both for Internal
pengukuran Internal, Standar Regulator dan Grup. measurements, Regulator Standards and
Groups.
309 PT Bank Maybank Indonesia Tbk 2023 Annual Report 939
Page 942
940
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Tabel berikut menyajikan aset yang memperoleh The following table below presents the interest-
pendapatan bunga dan kewajiban yang earning assets and interest bearing liabilities (not for
memperoleh beban bunga (tidak dengan tujuan trading purposes) at carrying amounts, categorized
diperdagangkan) pada nilai tercatat, dikategorikan by the earlier contractual repricing or maturity dates:
berdasarkan tanggal kontraktual perubahan suku
bunga atau tanggal jatuh tempo, mana yang lebih
dahulu:
31 Desember/December 31, 2023
Lebih dari
Sampai dengan 5 tahun/
Jumlah/ 3 bulan/ 3 - 12 bulan/ 1 - 5 tahun/ More than
Total Up to 3 months months years 5 years
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 2.496.502 2.496.502 - - - and other banks
Investasi keuangan 30.751.974 5.641.019 6.587.975 9.619.094 8.903.886 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.333.122 2.333.122 - - - resale agreement
Kredit yang diberikan dan piutang/ Loans and Sharia receivables/
pembiayaan Syariah 108.056.277 73.121.910 9.657.753 17.019.771 8.256.843 financing
Piutang pembiayaan konsumen 7.945.729 37.115 684.131 7.106.303 118.180 Consumer financing receivables
151.583.604 83.629.668 16.929.859 33.745.168 17.278.909
Simpanan nasabah 115.502.508 76.911.366 14.905.358 7.174.098 16.511.686 Deposits from customers
Simpanan dari bank lain 4.782.896 4.138.645 644.251 - - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 2.017.063 2.017.063 - - - repurchased agreement
Surat berharga yang diterbitkan 4.222.181 - 367.724 2.346.203 1.508.254 Securities issued
Pinjaman diterima 7.744.928 1.883.493 3.273.692 2.387.743 200.000 Borrowings
Pinjaman dan
Obligasi subordinasi 99.451 - - - 99.451 Subordinated Loan and bonds
134.369.027 84.950.567 19.191.025 11.908.044 18.319.391
31 Desember/December 31, 2022
Lebih dari
Sampai dengan 5 tahun/
Jumlah/ 3 bulan/ 3 - 12 bulan/ 1 - 5 tahun/ More than
Total Up to 3 months months years 5 years
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 2.529.355 2.529.355 - - - and other banks
Investasi keuangan 28.599.687 8.778.756 4.719.197 12.996.500 2.105.234 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 1.538.292 239.157 1.299.135 - - resale agreement
Kredit yang diberikan dan piutang/ Loans and Sharia receivables/
pembiayaan Syariah 99.938.643 56.717.215 15.439.728 19.654.470 8.127.230 financing
Piutang pembiayaan konsumen 7.876.444 35.418 609.608 7.074.640 156.778 Consumer financing receivables
140.482.421 68.299.901 22.067.668 39.725.610 10.389.242
Simpanan nasabah 105.706.302 72.277.567 10.401.806 6.449.342 16.577.587 Deposits from customers
Simpanan dari bank lain 3.165.693 2.506.695 658.998 - - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 111.905 111.905 - - - repurchased agreement
Surat berharga yang diterbitkan 5.052.418 645.352 473.761 2.810.690 1.122.615 Securities issued
Pinjaman diterima 9.949.742 2.046.083 6.460.824 1.242.835 200.000 Borrowings
Pinjaman dan
Obligasi subordinasi 799.707 - 799.707 - - Subordinated loan and bonds
124.785.767 77.587.602 18.795.096 10.502.867 17.900.202
PT Bank Maybank Indonesia Tbk 2023 Annual Report 310
Page 943
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Dari profil net repricing gap ini dapat diukur From this repricing gap profile, it is possible to
pengaruh dari perubahan suku bunga terhadap: measure the impact of interest rate changes to:
1. Pendapatan Bunga Neto dengan 1. The Net Interest Income by using static or
menggunakan analisis static atau dynamic dynamic repricing gap analysis;
repricing gap;
2. Akrual atas pendapatan bunga dengan 2. Accrual or reported earning by using Earnings
menggunakan analisis Earning at Risk (EAR) at Risk or EAR analysis (earnings perspective);
(earnings perspective); dan and
3. Nilai ekonomis dari laporan posisi keuangan 3. The economic value of the statements of
Bank dengan menggunakan analisis Economic financial position or Bank's net worth by using
Value of Equity (EVE) (Economic Perspective). Economic Value of Equity (EVE) (Economic
Perspective).
Dengan diketahuinya dampak dari perubahan suku If there is change in interest rate that may affect the
bunga terhadap kinerja Bank, baik dari sisi Bank’s performance, both from earning and capital
pendapatan dan permodalan maka Bank akan dapat side, the Bank can immediately restructure its
segera merestruktur aset dan liabilitas yang dimiliki, assets and liabilities, either from its repricing date or
baik dari sisi jangka waktu penyesuaian suku interest rate type (Fixed or Variable), which are
bunganya (repricing date) ataupun jenis suku adjusted with the future interest rate changes
bunganya (Tetap atau Mengambang) yang projection, so that the risk arising can be mitigated.
disesuaikan dengan proyeksi perubahan suku
bunga di masa mendatang, sehingga risiko yang
timbul dapat dimitigasi.
Pengelolaan suku bunga yang berdasarkan The management of the interest rate risk based on
perspektif pendapatan bunga bersih, dilakukan earning perspective is conducted by measuring the
dengan mengukur sensitivitas aset dan liabilitas sensitivity of the Bank's financial assets and
keuangan Bank terhadap berbagai skenario liabilities against various standard and non-standard
perubahan suku bunga baik standar dan non- interest rate changes scenarios. In addition, the
standar. Di samping itu Bank juga melakukan stress Bank also performs stress test to see the Bank’s
test untuk melihat ketahanan atau sensitivitas Bank tenacity or sensitivity to face abnormal market
dalam menghadapi kondisi pasar yang tidak normal. condition.
Bank telah menetapkan berbagai limit untuk risiko Bank has set up several limits for interest rate risk,
suku bunga yaitu, Earning at Risk (EaR) Limit dan i.e, Earning at Risk (EaR) Limit and Economic Value
Economic Value of Equity (EVE) Limit untuk of Equity (EVE) Limit to ensure that interest rate risk
memastikan bahwa risiko suku bunga pada posisi in the Banking Book is prudently managed based on
Banking Book dikelola dengan hati-hati sesuai the determined risk appetite.
dengan risk appetite yang telah ditentukan.
311 PT Bank Maybank Indonesia Tbk 2023 Annual Report 941
Page 944
942
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Analisis atas sensitivitas Bank, berupa perubahan An analysis of the Bank's sensitivity, in terms of net
pendapatan bunga neto sampai dengan 1 tahun ke interest income changes for the whole 1 year ahead,
depan, atas kenaikan atau penurunan tingkat suku as an impact of the increase or decrease in market
bunga pasar, dengan asumsi bahwa tidak ada interest rates, by assuming no asymetrical
pergerakan asimetris pada kurva imbal hasil dan movement in curves and a constant statements of
posisi laporan posisi keuangan (tidak diaudit) yang financial position (unaudited) are as follows:
tetap adalah sebagai berikut:
Kenaikan paralel 100 bp/ Penurunan paralel 100 bp/
100 bp parallel increase 100 bp parallel decrease
Efek pada Efek pada Efek pada Efek pada
laba rugi ekuitas laba rugi ekuitas
sebelum pajak/ sebelum pajak/ sebelum pajak/ sebelum pajak/
Effect on Effect on Effect on Effect on
profit and loss equity profit and loss equity
before tax before tax before tax before tax
Sensitivitas terhadap risiko Sensitivity to interest
suku bunga rate risk
Per tanggal 31 Desember 2023 As of December 31, 2023
Mata uang asing (41.527) 184.430 10.138 (219.784) Foreign currencies
Rupiah (202.120) (772.243) (19.097) 923.097 Rupiah
Per tanggal 31 Desember 2022 As of December 31, 2022
Mata uang asing (22.758) 74.088 (33.233) (96.890) Foreign currencies
Rupiah (207.312) (463.925) (7.524) (434.047) Rupiah
Bank telah memperbaharui sistem untuk mengukur Bank has updated the system for measuring and
dan mengelola risiko suku bunga pada posisi managing interest rate risk in the Banking Book
Banking Book sehingga metodologi yang lebih hence the more complex additional methodology to
kompleks untuk mengukur risiko bunga sesuai measure the interest rate in accordance with the
dengan standar yang ditetapkan oleh regulator standard method by regulator have been performed
sudah dapat dilakukan secara otomatis. automatically.
Terkait pengelolaan risiko suku bunga pada As for interest rate risk management for marketable
portofolio surat berharga, juga telah dilakukan securities portfolio, it has been performed optimally
secara optimal dimana Bank telah memiliki through adequacy of policy, procedure and
kebijakan, prosedur dan metodologi, serta proses methodology, daily monitoring process, and limit
monitoring yang dilakukan secara harian. Proses setting, such as limit position, PV01 limit, limit on
pengelolaan risiko dilakukan dengan menetapkan decrease of corporate bond price, limit on mark to
berbagai macam limit seperti limit posisi, limit PV01, market loss and year to date (YTD) loss limit and
limit penurunan harga obligasi korporasi, limit limit maximum selling amount per month fo FVOCI
kerugian atas proses revaluasi (mark to market) dan portofolio.
limit kerugian (Year to Date - YTD Loss) dan limit
jumlah maksimum penjualan portofolio FVOCI
dalam 1 bulan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 312
Page 945
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko nilai tukar Foreign exchange risk
Risiko nilai tukar adalah risiko dimana nilai Foreign exchange risk is the risk that the value of a
instrumen keuangan akan berfluktuasi karena financial instrument will fluctuate due to changes in
perubahan dalam nilai tukar mata uang asing. Bank foreign exchange rates. The Bank has set limits on
telah menetapkan limit risiko nilai tukar berupa limit positions by currency. Positions are monitored on a
Posisi Devisa Neto ("PDN") konsolidasi terhadap daily basis and intra day basis, and hedging
modal Bank. Posisi tersebut dimonitor secara harian strategies will be used to ensure positions are
dan strategi lindung nilai (hedging) akan digunakan maintained within established limits.
untuk meyakinkan bahwa posisi dijaga agar dalam
batasan yang telah ditetapkan.
Bank telah mengelola posisi mata uang asing untuk The Bank manages its foreign currency position for
aset dan liabilitas keuangan yang dimiliki oleh Bank its financial assets and liabilities that are owned by
dengan memonitor Posisi Devisa Neto (“PDN"). Per the Bank by monitoring the Bank’s Net Open
tanggal 31 Desember 2023 dan 2022, PDN Bank Position (“NOP”). As of December 31, 2023 and
telah diungkapkan dalam Catatan 45b. 2022, the Bank’s NOP has been disclosed in
Note 45b.
Tabel di bawah menggambarkan posisi mata uang The table below indicates the Bank’s foreign
asing atas aset dan liabilitas moneter Bank per currencies position of monetary assets and liabilities
tanggal 31 Desember 2023 dan 2022 dimana Bank as of December 31, 2023 and 2022 which shows
memiliki eksposur risiko terhadap arus kas masa that the Bank has risk exposure in expected cash
depan. Analisis tersebut menghitung pengaruh dari flows. The analysis calculates the effect of a
pergerakan wajar mata uang asing yang reasonably possible movement of the currency rate
memungkinkan terhadap Rupiah, dengan seluruh against the Indonesian Rupiah, with all variables
variabel lain dianggap konstan, terhadap laporan held constant, on the statements of income (due to
laba-rugi (akibat adanya perubahan nilai wajar aset change in the fair value of currency sensitive
dan liabilitas moneter bank secara keseluruhan monetary assets and liabilities) and equity (due to
yang sensitif terhadap nilai tukar) dan ekuitas (akibat change in the fair value of assets and liabilities)
adanya perubahan nilai wajar atas aset dan liabilitas (before tax).
keuangan) (sebelum pajak).
Peningkatan 1%/ Penurunan 1%/
1% increase 1% decrease
31 Desember 2023 (Tidak Diaudit) December 31, 2023 (Unaudited)
Potensi (kerugian)/keuntungan Potential (losses)/gains on
perubahan nilai tukar (4.651) 4.651 exchange rate change
31 Desember 2022 (Tidak Diaudit) December 31, 2022 (Unaudited)
Potensi (kerugian)/keuntungan (865) 865 Potential (losses)/gains on
perubahan nilai tukar exchange rate change
313 PT Bank Maybank Indonesia Tbk 2023 Annual Report 943
Page 946
944
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Likuiditas Liquidity Risk
Risiko likuiditas dapat terjadi ketika sebuah bank Liquidity risk may arise once a bank is incapable to
tidak dapat memenuhi kewajiban finansialnya meet its financial obligation to the customer or
kepada nasabah atau pihak lawan secara tepat counterparty in timely manner and at a fair price.
waktu dengan biaya yang wajar. Manajemen risiko Liquidity risk management is crucial because it can
likuiditas merupakan hal yang sangat penting have a significant impact on business continuity.
karena dapat berdampak signifikan terhadap The Bank incessantly ensures that liquidity needs at
keberlangsungan bisnis. Bank senantiasa berupaya the present and in the future could be met vis-a-vis
memastikan bahwa setiap kebutuhan likuiditas dan in normal market condition as well as crisis period.
pendanaan saat ini dan masa mendatang dapat
terpenuhi baik dalam kondisi pasar normal maupun
kondisi krisis.
Dalam mengelola risiko likuiditas, unit kerja In managing liquidity ratio, risk management work
manajemen risiko bertanggung jawab untuk unit responsible for implementing policy,
mengimplementasikan kebijakan, metodologi metodology, measurement, monitoring and liquidity
pengukuran, pemantauan dan pelaporan eksposur risk exposure reporting and also monitoring
risiko likuiditas dan juga untuk memantau kepatuhan compliance of the guidelines for supporting function
terhadap pedoman-pedoman tersebut guna of Assets and Liabilities Committee (“ALCO”).
mendukung fungsi dari Assets and Liabilities
Committee (“ALCO”).
Langkah-langkah yang berkelanjutan telah Proper measures have been continually
dilakukan dalam mengelola risiko ini. Di sisi aset, implemented to manage this risk. On the asset side,
kebijakan untuk pembelian instrumen-instrumen policies for financial assets holding for the trading
keuangan untuk posisi trading book telah book are in place detailing the acceptable criteria for
ditetapkan, yang juga meliputi kriteria-kriteria atau trading and investment assets especially for highly
jenis-jenis aset yang dapat dibeli terutama aset-aset liquid assets. While on the liabilities side, the liability
yang sangat likuid, baik untuk trading maupun untuk mix in terms of type and tenor are likewise analyzed
investasi. Sementara itu di sisi liabilitas analisis on a continuous basis to ensure sufficient liquidity at
jenis-jenis liabilitas dan jangka waktunya selalu all times.
dilakukan secara konsisten agar likuiditas bisa
terjaga sepanjang waktu.
Pengelolaan likuiditas Bank dilakukan secara terpusat The Bank’s liquidity management is done centrally
oleh Treasury bekerjasama dengan unit-unit by Treasury cooperating with other
bisnis/pendukung lainnya, seperti antara lain unit bisnis business/supporting units, such as credit, funding,
perkreditan, pendanaan, operasional, teknologi operational, information technology, corporate
informasi, komunikasi perusahaan, communication, and risk management business
dan manajemen risiko. Dengan demikian, unit. Therefore, funding needs/availability arising
kebutuhan/ketersediaan pendanaan yang timbul dari from daily bank operaitonal activities can be
aktivitas operasional bank sehari-hari dapat dikelola managed well to maximize the Bank’s performance.
dengan baik untuk memaksimalkan kinerja Bank. Dan In addition, by good communication between
juga, dengan adanya kerjasama yang baik antar unit working unit, liquidity risk triggered by other risk
kerja, maka risiko likuiditas yang dipicu oleh kejadian events (credit risk, market risk, operational risk, legal
risiko lainnya (risiko kredit, risiko pasar, risiko risk, compliance risk, reputation risk and strategic
operasional, risiko hukum, risiko kepatuhan, risiko risk) can be detected and mitigated well and in
reputasi dan risiko stratejik) dapat dideteksi dan timely manner. Furthermore, new products/
dimitigasi dengan benar dan tepat waktu. Selanjutnya transactions/ activities that impact the bank's assets
produk-produk/transaksi-transaksi/aktivitas-aktivitas and liabilities should be adequately reviewed and
baru yang mengakibatkan adanya penambahan aset approved before such new product/
dan liabilitas, selalu melalui proses review dan transaction/activity is initiated.
persetujuan yang seksama sebelum
produk/transaksi/aktivitas baru tersebut dijalankan.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 314
Page 947
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Disamping itu bank juga telah menetapkan dan In addition, the Bank has determined and
menerapkan pengukuran risiko likuiditas, seperti implemented liquidity risk measurement, such as
berbagai rasio likuiditas, analisis gap likuiditas, dan various liquidity ratios, liquidity gap analysis and
stress testing, serta limit-limit likuiditas, seperti stress testing and the liquidity risk limits, such as
Liquidity Coverage Ratio (LCR), Net Stable Funding Liquidity Coverage Ratio (LCR), Net Stable Funding
Ratio (NSRF), Operating Cash Flow (OCF) Limit, Ratio (NSRF), the Operating Cash Flow (OCF)
Interbank taking limit, FX swap funding limit, Limit, Interbank taking limit, FX swap funding limit,
secondary reserve limit, limit 50 deposan terbesar secondary reserve limit, top 50 depositors limit and
dan limit-limit likuiditas lainnya, yang semuanya other liquidity limits have been set up, to ensure
bertujuan untuk mengendalikan risiko likuiditas agar prudent bank wide liquidity risk in accordance with
sesuai dengan risk appetite yang telah ditetapkan. the determined risk appetite.
Bank dalam memperkuat penerapan manajemen To strengthen liquidity risk management
risiko likuiditas telah menetapkan dan menguji implementation, the Bank has set up and examined
secara berkala Rencana Pendanaan Darurat (LCP) Liquidity Contingency Plan (LCP) to ensure the
untuk memastikan kesiapan Bank dalam Bank's readiness to face liquidity crisis, including
menghadapi krisis likuiditas, termasuk di dalamnya monitoring process of various early warning
adalah proses monitoring atas berbagai indikator indicator performed daily.
peringatan dini (Early Warning Indicator - EWI) krisis
likuiditas yang dilakukan secara harian.
Bank juga telah menyusun Rencana Pemulihan Banks also have Recovery Plan that designed to
(Recovery Plan) yang dibuat untuk identify the credible options in order to recover from
mengidentifikasikan opsi-opsi yang kredibel agar the financial crisis problems that may occur. This
dapat pulih dari krisis atau permasalahan keuangan Recovery Plan includes an executive summary, an
yang mungkin terjadi. Rencana aksi ini mencakup overview of the Bank, the recovery option for each
ringkasan eksekutif, gambaran umum Bank, opsi indicator which are capital, liquidity, profitability, and
pemulihan (recovery options) untuk setiap indikator asset quality as well as the disclosure of the
yaitu permodalan, likuiditas, profitabilitas, dan recovery plan.
kualitas aset serta pengungkapan rencana
pemulihan.
Selain itu beberapa langkah stategis telah diambil Several strategic actions have been taken to
dalam memitigasi risiko likuiditas dan pendanaan, mitigate liquidity risk and funding, among others, by
antara lain dengan cara merestrukturisasi sumber restructuring the source and duration of funding
dan jangka waktu pendanaan melalui penerbitan through the issuance of bonds and subordinated
obligasi dan obligasi subordinasi dalam mata uang bonds denominated in Rupiah. On the other hand,
Rupiah. Di sisi lain, Bank senantiasa mencari the Bank is always looking for potential long-term
potensi pinjaman bilateral jangka panjang guna bilateral loans to support the credit growth in USD
mendukung pertumbuhan kredit dalam mata uang currency.
USD.
Analisis jatuh tempo aset dan liabilitas Bank yang The maturity analysis of assets and liabilities related
berkaitan dengan risiko likuiditas merujuk ke to liquidity risk of the Bank referred to
Catatan 54a. Note 54a.
315 PT Bank Maybank Indonesia Tbk 2023 Annual Report 945
Page 948
946
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo The table below shows the remaining contractual
kontraktual dari liabilitas keuangan berdasarkan maturities of financial liabilities based on
pada arus kas yang tidak didiskonto: undiscounted cashflow:
31 Desember/December 31, 2023
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 6 bulan 1 tahun 3 tahun
s/d 3 bulan/ s/d 6 bulan/ s/d 1 tahun/ s/d 3 tahun/ s/d 5 tahun/ Lebih dari
Sampai dengan More than More than More than More than More than 5 tahun/
1 bulan/ 1 month 3 months 6 months 1 year 3 years More than Jumlah/
Up to 1 month until 3 months until 6 months until 1 year until 3 years until 5 years 5 years Total
LIABILITAS LIABILITIES
Obligations due
Liabilitas segera 1.076.598 - - - - - - 1.076.598 immediately
Deposits from
Simpanan nasabah 86.566.367 18.551.484 6.112.888 4.693.241 403.554 74.004 82.368 116.483.906 customers
Deposits from other
Simpanan dari bank lain 3.879.101 262.460 16.001 644.151 - - - 4.801.713 banks
Efek-efek yang dijual Securities sold under
dengan janji dibeli repurchased
kembali 1.670.560 346.503 - - - - - 2.017.063 agreement
Liabilitas derivatif 963.141 - - - - - - 963.141 Derivatives payable
Liabilitas akseptasi 512.039 - - - - - - 512.039 Acceptances payable
Surat berharga yang
diterbitkan 27.708 - 248.886 1.484.203 2.457.385 427.523 - 4.645.705 Securities issued
Pinjaman diterima 778.188 1.620.523 1.068.394 2.176.957 1.996.717 551.353 - 8.192.132 Borrowings
Beban yang masih harus
dibayar dan liabilitas Accrued expenses and
lain-lain*) 263.193 - - - - - - 263.193 other liabilities*)
Obligasi subordinasi - - - - - - 107.351 107.351 Subordinated bonds
Jumlah 96.083.398 20.434.467 7.446.169 8.998.552 4.857.656 1.052.880 189.719 139.062.841 Total
31 Desember/December 31, 2022
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 6 bulan 1 tahun 3 tahun
s/d 3 bulan/ s/d 6 bulan/ s/d 1 tahun/ s/d 3 tahun/ s/d 5 tahun/ Lebih dari
Sampai dengan More than More than More than More than More than 5 tahun/
1 bulan/ 1 month 3 months 6 months 1 year 3 years More than Jumlah/
Up to 1 month until 3 months until 6 months until 1 year until 3 years until 5 years 5 years Total
LIABILITAS LIABILITIES
Obligations due
Liabilitas segera 1.163.449 - - - - - - 1.163.449 immediately
Deposits from
Simpanan nasabah 82.408.269 17.110.156 3.677.316 2.336.732 572.709 74.488 72.488 106.252.158 customers
Deposits from other
Simpanan dari bank lain 2.200.653 308.931 15.733 644.785 - - - 3.170.102 banks
Efek-efek yang dijual Securities sold under
dengan janji dibeli repurchased
kembali 111.905 - - - - - - 111.905 agreement
Liabilitas derivatif 731.727 - - - - - - 731.727 Derivatives payable
Liabilitas akseptasi 845.359 - - - - - - 845.359 Acceptances payable
Surat berharga yang
diterbitkan 14.347 657.766 487.231 687.623 3.080.082 427.196 - 5.354.245 Securities issued
Pinjaman diterima 1.631.746 296.533 2.897.846 4.001.226 1.345.198 156.702 - 10.329.251 Borrowings
Beban yang masih harus
dibayar dan liabilitas Accrued expenses and
lain-lain*) 186.099 - - - - - - 186.099 other liabilities*)
Obligasi subordinasi - 4.344 832.785 8.689 217.284 - - 1.063.102 Subordinated bonds
Jumlah 89.293.554 18.377.730 7.910.911 7.679.055 5.215.273 658.386 72.488 129.207.397 Total
*) Beban yang masih harus dibayar dan liabilitas lain-lain terdiri atas bunga yang masih *) Accrued expenses and other liabilities consists of accrued interests
harus dibayar
Risiko Operasional Operational Risk (continued)
Berdasarkan Peraturan OJK No. 18/POJK.03/2016, Based on OJK Regulation No. 18/POJK.03/2016,
risiko operasional adalah risiko kerugian akibat operational risk is the risk of loss resulting from
ketidakcukupan atau kegagalan proses internal, inadequate or failure in internal processes, people
manusia dan sistem atau yang disebabkan oleh and systems or from external events. It includes
faktor eksternal. Termasuk risiko hukum namun legal risk but excludes strategic and reputational
tidak termasuk risiko strategis dan risiko reputasi. risk.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 316
Page 949
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Operasional (lanjutan) Operational Risk (continued)
Model tata kelola risiko operasional untuk Bank The operational risk governance model for the Bank
memberikan tata kelola yang formal, transparan dan provides formalized, transparent and consistent
konsisten yang secara jelas menegaskan tugas dan governance which clearly defines the roles and
tanggung jawab serta alur pelaporan untuk responsibilities as well as reporting flow for
mengelola risiko operasional dalam Bank dan managing operational risk at the Bank and
entitas anak secara efektif. Model tata kelola risiko subsidiaries effectively. The bank's operational risk
operasional bank didasarkan pada tiga lini governance model is based on three lines of
pertahanan (Three Line of Defense) yang sejalan defense (Three Line of Defense) which are in line
dengan Kerangka Kerja Manajemen Risiko dan with the Risk Management Framework and have
telah diregulasi dalam kebijakan dan prosedur risiko been regulated in operational risk policies and
operasional untuk memastikan pengelolaan risiko procedures to ensure effective operational risk
operasional yang efektif bagi seluruh bagian di bank. management for all parts of the bank. The
Model tata kelola bertujuan untuk menempatkan Governance model aims to place accountability to
akuntabilitas terhadap risiko operasional yang operational risk that may arise and simultaneously
mungkin timbul serta pada saat yang bersamaan facilitates the segregation of duties independently
memfasilitasi pemisahan tugas secara independen between the risk-taking units, risk control units and
antara risk taking units, unit pengendali risiko dan the functions of the Internal Audit Unit.
fungsi Satuan Kerja Audit Internal.
Manajemen telah membentuk perangkat risiko Management has established operational risk tools
operasional yang saling melengkapi untuk that complement each other to develop an effective
mengembangkan manajemen risiko operasional operational risk management, as follows:
yang efektif, yaitu:
1. Risk and Control Self-Assessment (“RCSA”) 1. Risk and Control Self-Assessment (“RCSA”)
RCSA merupakan proses terstruktur dalam RCSA sets out a structured process for the
mengidentifikasi dan menilai risiko operasional identification and assessment of inherent
yang melekat (inherent) dan keefektifan kontrol operational risk and controls effectiveness in the
pada operasional bisnis, dengan business operations, leveraging on the
memanfaatkan pengetahuan, pengalaman dan knowledge, experience and expert opinions of
expert opinion dari pemilik bisnis proses/risiko. business process/risk owners.
2. Key Risk Indicators (“KRI”) 2. Key Risk Indicators (“KRI”)
Key Risk Indicators (“KRI”) merupakan proses Key Risk Indicators (“KRI”) provides a structured
terstruktur untuk mengukur dan memantau process to measure and monitor the very high or
eksposur risiko yang sangat tinggi atau ekstrim extreme risk exposures within the business
dalam operasional bisnis dengan cara operations by way of establishing indicators that
menetapkan indikator yang berfungsi sebagai serves as early warning signal on key
sinyal peringatan dini pada area risiko operational risk areas with exposure levels
operasional utama dengan tingkat eksposur potentially exceeding tolerable risk
yang berpotensi melebihi toleransi/batas appetite/limits which have been established.
appetite risiko yang telah ditetapkan.
3. Incident Management and Data Collection 3. Incident Management and Data Collection
(“IMDC”) (“IMDC”)
IMDC merupakan proses yang terstruktur IMDC provides a structured process for the
dalam pengelolaan insiden risiko operasional management of operational risk incidents that
yang terjadi, dari mulai ditemukannya hingga have occurred, from the point of discovery until
penyelesaian insiden. Hal ini termasuk resolution. It includes the collection and analysis
pengumpulan data dan analisis dari Kerugian of Actual Losses, Potential Losses and Near
Aktual, Kerugian Potensial dan Insiden Near Misses Incidents.
Miss.
317 PT Bank Maybank Indonesia Tbk 2023 Annual Report 947
Page 950
948
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Operasional (lanjutan) Operational Risk (continued)
Bank telah menetapkan risk appetite untuk risiko The Bank has determined the risk appetite for
operasional yang mengartikulasikan secara efektif operational risk which articulates effectively the risk
tingkat toleransi risiko Bank dan entitas anak. Risk tolerance level of the Bank and subsidiaries. Risk
appetite untuk risiko operasional ditinjau ulang appetite for operational risk is periodically reviewed
secara berkala dan disetujui oleh Komite and approved by the Risk Management Committee.
Manajemen Risiko.
Risiko Reputasi Reputation Risk
Risiko reputasi adalah sebuah risiko yang berkaitan Reputation risk is a risk caused by declining trust
dengan menurunnya tingkat kepercayaan and confidence of stakeholders resulted from
pemangku kepentingan yang diakibatkan dari acquired negative news due to unfavourable
adanya berita negatif yang dipicu kejadian yang event/occurrence and/or perceived image on the
tidak diinginkan, dan/atau suatu persepsi buruk Bank. Every activity carried out by the Bank is prone
terkait Bank. Setiap aktivitas Bank rawan terhadap to reputation risk, and negligence to maintain the
risiko reputasi dan kelalaian dalam menjaga reputasi Bank reputation could immediately damage the
Bank dapat secara langsung merusak persepsi public’s perception, including customers, regulator
publik, termasuk nasabah, regulator dan pemangku and other stakeholders, which may negatively
kepentingan lainnya. Hal ini akan berdampak negatif impact the Bank’s performance, revenue and
terhadap kinerja Bank, pendapatan dan volume business volume managed by the Bank.
bisnis yang dikelola oleh Bank.
Untuk memitigasi risiko reputasi, Bank telah To mitigate the reputation risk, the Bank
merumuskan Kebijakan Manajemen Risiko has established the Reputation Risk
Reputasi dalam Peraturan Direksi Management Policy in the Board of Directors
No. PER.DIR.2020.019/PRESDIR dan telah Regulation No. PER.DIR.2020.019/PRESDIR and
dikomunikasikan ke seluruh divisi/unit kerja/cabang has been communicated to all divisions/business
Bank agar pelaksanaannya dapat berjalan secara units/branches of the Bank in order to be optimally
optimal. Kebijakan Manajemen Risiko Reputasi implemented. The Reputation Risk Management
telah disusun dengan memperhatikan Surat Edaran Policy has been established in accordance with
Otoritas Jasa Keuangan No. 34/SEOJK.03/2016 Circular Letter of Financial Services Authority (OJK)
tanggal 1 September 2016 tentang Penerapan No. 34/SEOJK.03/2016 dated September 1, 2016
Manajemen Risiko bagi Bank Umum, Peraturan regarding the implementation of Risk Management
Otoritas Jasa Keuangan No. 18/POJK.03/2016 for Commercial Banks, Financial Services Authority
tanggal 16 Maret 2016 tentang Penerapan (OJK) Regulation No. 18/POJK.03/2016 dated
Manajemen Risiko Bank Umum serta Surat Edaran March 16, 2016 regarding the implementation of
No. SE.2019.002/DIR RISK MGMT tanggal Risk Management for Commercial Banks and also
30 Januari 2019 tentang Kerangka Kerja existing Circular Letter of Risk Management
Manajemen Risiko (KKMR) versi 3.0. No. SE.2019.002/DIR RISK MGMT dated January
30, 2019 regarding Risk Management Framework
version 3.0.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 318
Page 951
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Reputasi (lanjutan) Reputation Risk (continued)
Divisi Corporate and Brand Communications secara The Bank’s Corporate Communication Division
rutin melakukan pemantauan pemberitaan di media performs routine media monitoring of the news to
tentang Bank termasuk memantau publikasi negatif monitor the news coverage about the Bank,
atau keluhan nasabah yang muncul di including observing negative publications or
media. Sedangkan pengawasan atas keluhan customers’ complaints that appear in the media. The
nasabah yang disampaikan secara langsung ke Customer Experience Management Division
Bank, ditangani oleh Divisi Customer Experience manages the monitoring of customers’ complaints
Management untuk kemudian ditindaklanjuti submitted directly to the Bank for follow-ups. For
penyelesaiannya. Untuk pemberitaan negatif dan negative news publication and customers’
keluhan nasabah yang muncul di media selanjutnya complaints that appear in the media, the Bank will
dibuatkan klarifikasi dan tanggapan sesuai dengan provide clarification and appropriate response and
langkah yang ditempuh Bank. Upaya memitigasi be delivered according to the steps undertaken by
risiko reputasi juga dilakukan ketika Bank the Bank. Efforts to mitigate the reputation risk are
meluncurkan produk/layanan/program baru dengan also undertaken whenever the Bank launches a new
menganalisa risiko reputasi yang mungkin timbul product/service/program by analysing the possibility
dan bagaimana mengantisipasi risiko tersebut. of reputation risk that may arise and anticipate such
Demikian pula, untuk informasi yang bersifat risk. Moreover, for material or important information
material atau yang penting untuk diketahui oleh to be known by the stakeholders, the Bank’s
stakeholder, Divisi Corporate and Brand Corporate and Brand Communications Division and
Communications bersama Divisi Customer Customer Experience Management Division also
Experience Management juga menyiapkan panduan prepare guidelines for front liners and
bagi para frontliner dan spokespersons agar mereka spokespersons so that they can explain the
dapat menjelaskan informasi tersebut secara benar information correctly and proportionately to
dan proporsional kepada nasabah dan stakeholder customers and other stakeholders.
lainnya.
Risiko Hukum Legal Risk
Risiko hukum adalah risiko akibat tuntutan hukum Legal risk is the risk related to legal claims and/or
dan/atau kelemahan aspek yuridis. Kelemahan weakness in the legal aspect. Such weakness in
aspek yuridis tersebut antara lain disebabkan oleh legal aspect is caused, among others, by the lack of
ketiadaan peraturan perundang-undangan yang the supporting legislation or weakness of the
mendukung atau kelemahan perikatan seperti tidak contracts such as incomplete requirements for a
dipenuhinya syarat sahnya kontrak dan pengikatan valid contract and imperfect document contract.
dokumen yang tidak sempurna. Risiko hukum dapat Legal risk can also arise from changes in legal
juga timbul dari adanya perubahan ketentuan hukum provisions and prevailing laws and regulations, and
dan peraturan perundang-undangan yang berlaku, the implementation of court decisions that can result
serta pelaksanaan putusan Pengadilan yang dapat in losses for the Bank.
mengakibatkan kerugian bagi Bank.
319 PT Bank Maybank Indonesia Tbk 2023 Annual Report 949
Page 952
950
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Hukum (lanjutan) Legal Risk (continued)
Sebagai sebuah perusahaan yang berdiri dalam As a company which is governed by the laws of the
yuridiksi hukum Republik Indonesia, Bank harus Republic of Indonesia, the Bank should always
selalu tunduk terhadap segala peraturan hukum comply with all such laws and regulations including
Indonesia termasuk yang dikeluarkan oleh regulator regulations issued by respective regulator among
terkait antara lain Otoritas Jasa Keuangan dan Bank others Financial Services Authority and Bank
Indonesia. Selain itu, Bank juga harus mengikuti Indonesia. In addition, the Bank should also follow
segala bentuk peraturan perundangan yang berlaku all prevailing rules and regulations in the society
di masyarakat baik yang terkait secara langsung whether directly or indirectly related with the
maupun tidak langsung dengan kegiatan usaha business activities conducted by the Bank. Failure
Bank. Kegagalan Bank dalam mengikuti peraturan by the Bank to comply with such prevailing laws and
hukum yang berlaku dapat mengakibatkan pada regulations may give rise to legal claims against the
timbulnya tuntutan hukum yang akan ditujukan Bank. If legal claims against the Bank are material
kepada Bank. Apabila tuntutan-tuntutan hukum yang in amounts, then it may directly affect the Bank’s
diajukan kepada Bank memiliki nilai yang material, financial performance.
maka hal tersebut dapat memberikan dampak
secara langsung terhadap kinerja keuangan Bank.
Untuk memitigasi risiko hukum yang mungkin timbul To mitigate the possible legal risk caused by legal
akibat tuntutan hukum atau kelemahan aspek claims or weaknesses in legal aspects, the Bank has
yuridis, Bank memiliki Unit Corporate Legal yang a Corporate Legal Unit which incorporated in the
tergabung dalam Unit Kerja Corporate Legal and Corporate Legal and Litigation Unit. Corporate Legal
Litigation. Unit Corporate Legal memiliki peranan Unit has the following functions among others:
antara lain sebagai berikut:
1) Melakukan analisa hukum atas produk dan 1) To provide legal analysis on new product and
aktivitas baru serta membuat standar activity and prepare standard legal document
dokumen hukum yang terkait dengan produk related with such new product and activity;
dan aktivitas tersebut;
2) Memberikan analisa/advis hukum kepada 2) To provide legal analysis/advice to Board of
Direksi, seluruh unit kerja dan pegawai pada Directors, all business units and employees
setiap jenjang organisasi; at any level of organization;
3) Memberikan advis atas eksposur hukum 3) To provide advice on legal exposure due to
akibat perubahan ketentuan atau peraturan; change of laws or regulations;
4) Memeriksa segala perjanjian yang akan 4) To review any contracts between the Bank
dibuat antara Bank dengan pihak ketiga; and third party;
5) Melakukan pemeriksaan berkala atas 5) To conduct periodical review on contracts
perjanjian yang telah dibuat; which have been executed;
6) Memantau risiko hukum yang ada di cabang- 6) To monitor legal risk at the branches of the
cabang Bank. Bank.
Dengan adanya Unit Corporate Legal, maka Based on the above, legal policy and legal
kebijakan hukum dan standar dokumen hukum yang document standards related to the product or
terkait dengan produk atau fasilitas perbankan yang banking facilities offered by the Bank to public,
ditawarkan oleh Bank kepada masyarakat, dimana whereby the legal policy and legal document
kebijakan hukum dan standar dokumen hukum standards are intentionally made in accordance with
dimaksud dibuat dengan mengacu kepada the prevailing laws and regulations also considering
ketentuan peraturan perundangan yang berlaku the interests in the legal aspect of the Bank.
serta memperhatikan kepentingan aspek yuridis dari
Bank.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 320
Page 953
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Hukum (lanjutan) Legal Risk (continued)
Selain itu, Bank juga memiliki unit Litigasi yang In addition, the Bank also has a Litigation unit which
tergabung juga didalam unit kerja Corporate Legal also incorporated in the Corporate Legal and
and Litigation yang salah satu fungsinya adalah Litigation Unit, which one of its functions is to handle
menangani setiap permasalahan hukum yang terkait every legal case related to litigation so that the
dengan kasus litigasi agar risiko hukum yang possible legal risk can be minimized as minimum as
mungkin timbul dapat diminimalisir seminimal possible.
mungkin.
Pengelolaan risiko hukum dilakukan dengan The legal risk is also conducted by monitoring the
memantau perkembangan kasus-kasus hukum yang development of legal cases and take `lessons learnt'
terjadi dan mengambil lessons learnt dari kasus- principle from those cases. The management of
kasus tersebut. Penanganan kasus hukum yang legal cases conducted by the Bank at all time
dilakukan pada Bank senantiasa memperhitungkan calculating potential loss, either through settlement
potensi kerugian baik atas penyelesaian kasus or court. The Bank also pays special attention to
secara damai ataupun melalui jalur pengadilan. legal cases which potentially may create significant
Bank juga memberikan perhatian khusus atas kasus loss to the Bank.
hukum yang berpotensi menimbulkan kerugian
secara signifikan.
Risiko Kepatuhan Compliance Risk
Risiko kepatuhan merupakan risiko akibat Bank Compliance risk is the risks resulting from the failure
tidak mematuhi dan/atau tidak melaksanakan of the Bank in fulfilling and/or implementing the
peraturan perundang-undangan dan ketentuan yang prevailing laws and regulations including sharia
berlaku termasuk prinsip syariah bagi unit usaha principles for sharia business unit. In engaging in the
syariah. Dalam menjalankan kegiatan usaha pada banking industry services, the Bank is required to
industri perbankan, Bank diwajibkan untuk selalu always comply with the banking regulations issued
tunduk terhadap peraturan perbankan yang by the government and Bank Indonesia or Financial
diterbitkan baik oleh pemerintah maupun Bank Services Authority. In addition, the Bank is also
Indonesia atau Otoritas Jasa Keuangan. Selain itu, required to comply with several other rules, such as
Bank juga wajib tunduk kepada beberapa ketentuan regulation on Deposit Guarantee Program, Limited
lainnya, seperti peraturan yang mengatur mengenai Liability Company, Taxation and Indonesian Stock
Penjaminan Simpanan, Perseroan Terbatas, Exchange regulations and Fatwa of National Islamic
Perpajakan dan Bursa Efek Indonesia serta Fatwa Council.
dari Dewan Syariah Nasional.
Pada umumnya, risiko kepatuhan melekat pada In general, the compliance risk is embedded in the
Bank sebagai sebuah lembaga perbankan, antara Bank as a banking institution, such as: credit risks
lain: risiko kredit terkait dengan ketentuan Batas related to Legal Lending Limit; Capital Adequacy
Maksimum Pemberian Kredit (“BMPK”); Kewajiban Ratio (“CAR”) regulations; Asset Quality Rating;
Penyediaan Modal Minimum (“KPMM”); Penilaian Good Corporate Governance (“GCG”); market risks
Kualitas Aset; Penerapan tata kelola yang baik related to Net Open Position (“NOP”) regulation,
(“GCG”); risiko pasar terkait dengan ketentuan statutory reserve, monitoring of risk management
Posisi Devisa Neto (“PDN”), Giro Wajib Minimum and also strategic risks related to the Bank's
(“GWM”); Pemantauan Penerapan Manajemen Business Plan regulation, the Annual Business and
Risiko, serta risiko stratejik terkait dengan ketentuan Budget Plan, Transparency and Publication of Bank
Rencana Bisnis Bank (“RBB”), Rencana Kerja Report, and other risks related to certain
Anggaran Tahunan (“RKAT”), Transparansi dan regulations. The inability of the Bank to follow and
Publikasi Laporan Bank, dan risiko-risiko lain yang comply with all laws and regulations related to the
terkait dengan ketentuan tertentu. Bank's business activities may affect the continuity of
Ketidakmampuan Bank untuk mengikuti dan the Bank.
mematuhi seluruh peraturan perundangan yang
terkait dengan kegiatan usaha Bank dapat
berdampak terhadap kelangsungan usaha Bank.
321 PT Bank Maybank Indonesia Tbk 2023 Annual Report 951
Page 954
952
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kepatuhan (lanjutan) Compliance Risk (continued)
Mitigasi risiko kepatuhan dilakukan dalam rangka Compliance risk mitigation is conducted with
pengendalian aspek kepatuhan yang setidaknya regards to control aspects of compliance which at
meliputi: least include:
a) Melakukan upaya-upaya untuk memastikan a) Make efforts to ensure that the policies issued
bahwa kebijakan yang diterbitkan terkait are related to the determination of limit risk, the
dengan penetapan limit risiko, konsistensi consistency of risk management policies, the
kebijakan manajemen risiko, penerapan application of compliance at the organizational
kepatuhan pada jenjang organisasi, kebijakan level, policy divergence in decision making to
penyimpangan dalam pengambilan keputusan align with applicable organizational structure,
guna menyelaraskan dengan struktur compliance monitoring policies and
organisasi yang berlaku, kebijakan whistleblowing polices, in accordance with
pemantauan kepatuhan dan kebijakan applicable regulations;
whistleblowing telah sesuai dengan regulasi
yang berlaku;
b) Melakukan upaya-upaya untuk memastikan b) Make efforts to ensure that procedures related
bahwa prosedur terkait dengan ketepatan to timeliness communication policy to all
waktu pengkomunikasian kebijakan kepada employees, control and analysis of new
seluruh pegawai, pengendalian dan analisa products and activities, reporting obligations
terhadap produk dan aktivitas baru, kewajiban and data system, adequacy of supervision of
pelaporan dan sistem data, kecukupan commissioners and directors, segregation of
pengawasan komisaris dan direksi, pemisahan duties are in accordance with applicable
fungsi telah sesuai dengan regulasi yang regulations;
berlaku;
c) Sumber daya manusia terkait dengan program c) Human resources related to compensation
kompensasi dan pengelolaan kinerja pegawai program and performance management of the
dan pejabat Bank, kecukupan program Bank’s employees and officers, including
pelatihan, termasuk kewajiban mengikuti participating in risk management certification;
sertifikasi manajemen risiko;
d) Keberadaan sistem pemantauan internal terkait d) Existence of internal control system related to
dengan keefektifan dan independensi fungsi effectiveness and independence in audit
audit; dan function; and
e) Keberadaan sistem pemantauan terhadap e) Existence of monitoring system towards
penyimpangan terhadap kebijakan dan deviation of policy and the Bank’s internal
prosedur internal Bank. procedures.
Selain itu, mitigasi risiko kepatuhan juga dilakukan In addition, the mitigation of compliance risk is also
oleh Direktur yang membawahi fungsi kepatuhan conducted by a Director who oversees compliance
dan/atau melalui Satuan Kerja Kepatuhan melalui function and/or via the Compliance Unit by taking,
langkah-langkah antara lain: among other, the following steps:
1) Menyusun rencana kepatuhan untuk setiap 1) Establish compliance plan for each branch and
cabang dan unit bisnis yang disesuaikan business unit which are adjusted to the needs
dengan kebutuhan dan aktivitas masing- and activities of each branch along with self-
masing beserta self-assessment untuk assessment to determine the effectiveness of
menentukan keefektifan standar kepatuhan; the compliance standards;
PT Bank Maybank Indonesia Tbk 2023 Annual Report 322
Page 955
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kepatuhan (lanjutan) Compliance Risk (continued)
Selain itu, mitigasi risiko kepatuhan juga dilakukan In addition, the mitigation of compliance risk is also
oleh Direktur yang membawahi fungsi kepatuhan conducted by a Director who oversees compliance
dan/atau melalui Satuan Kerja Kepatuhan melalui function and/or via the Compliance Unit by taking,
langkah-langkah antara lain: (lanjutan) among other, the following steps: (continued)
2) Melakukan analisa kepatuhan untuk 2) Perform compliance analysis to provide
memberikan saran, masukan serta advice, inputs, and also recommendations for
rekomendasi atas draft kebijakan internal Bank the Bank’s draft internal policy including review
termasuk review terhadap produk dan aktivitas on new products and activities that will be
baru yang akan diterbitkan untuk memastikan launched to ensure that the internal policies
bahwa kebijakan internal yang dikeluarkan oleh established by the management and new
manajemen dan produk/aktivitas baru tersebut products/activities already comply with the
telah sesuai dengan peraturan perundang- prevailing laws and regulations;
undangan yang berlaku;
3) Melakukan pengawasan (monitoring) dan 3) Perform monitoring and ensure the
memastikan kepatuhan terhadap perjanjian dan compliance with the agreements and
komitmen yang dibuat dengan Bank Indonesia commitments made with Bank Indonesia and
dan Otoritas Jasa Keuangan, serta Financial Services Authority, also responsible
bertanggung jawab untuk mengirimkan semua to submit all progress reports of the findings
laporan perkembangan atas temuan dan and corrective actions to Bank Indonesia and
tindakan perbaikan kepada Bank Indonesia dan Financial Services Authority, and also act as
Otoritas Jasa Keuangan sekaligus bertindak liaison officer between Bank Indonesia and
sebagai pejabat perantara antara Bank Financial Services Authority and the Bank;
Indonesia dan Otoritas Jasa Keuangan dengan
Bank;
4) Melakukan upaya-upaya untuk memastikan 4) Ensure that the Bank's policy, regulation,
bahwa kebijakan, ketentuan, sistem dan system and procedure, as well as business
prosedur, serta kegiatan usaha Bank telah activities are complied with the prevailing
sesuai dengan ketentuan Bank Indonesia, regulation of Bank Indonesia and Financial
Otoritas Jasa Keuangan dan peraturan Services Authority;
perundang-undangan yang berlaku;
5) Melakukan sosialisasi dan pelatihan untuk 5) Conduct socialization and training to enhance
meningkatkan pemahaman dan awareness the employees’ understanding and awareness
karyawan terhadap peraturan perundang- on the prevailing laws and regulations, such as
undangan yang berlaku, antara lain melalui through internal training, workshop, LCCA
forum pelatihan internal, workshop, media Site/LCCA Portal;
LCCA Site/LCCA Portal;
6) Menerapkan kebijakan program anti pencucian 6) Implement anti-money laundering and
uang dan pencegahan pendanaan terorisme combating financing of terrorism policy as
yang diatur dalam Peraturan Otoritas Jasa regulated by Financial Service Authority and
Keuangan dan Pusat Pelaporan dan Analisis Financial Transaction Report and Analysis
Transaksi Keuangan; Center;
7) Menerapkan kebijakan strategi anti fraud; 7) Implement a policy of anti fraud strategy;
8) Memastikan penerapan Tata Kelola 8) Ensure that Good Corporate Governance
Perusahaan telah dilakukan oleh Bank, baik (GCG) has been performed by the Bank, both
untuk bank konvensional maupun unit usaha for conventional banks and Islamic business
syariah serta penerapan tata kelola terintegrasi. units and the application of integrated
governance.
323 PT Bank Maybank Indonesia Tbk 2023 Annual Report 953
Page 956
954
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Stratejik Strategic Risk
Risiko stratejik adalah risiko akibat ketidaktepatan Strategic risk is the risk due to inaccurate decision-
dalam pengambilan dan/atau pelaksanaan suatu making and/or implementation of a strategic
keputusan stratejik serta kegagalan dalam decision, and the failure to anticipate changes in
mengantisipasi perubahan lingkungan bisnis. business environment.
Untuk dapat tumbuh dan berkembang menjadi In order to grow and develop into a leading financial
sebuah institusi keuangan terdepan di Indonesia, institution in Indonesia, the Bank needs to adopt
Bank membutuhkan serangkaian strategi. certain strategies. Failure in formulating the right
Ketidakmampuan dalam menyusun strategi yang strategy may deteriorate the Bank’s business in the
tepat dapat menimbulkan kegagalan bisnis Bank di future.
masa yang akan datang.
Risiko ini juga mencakup kemampuan Bank dalam This risk also includes the Bank’s ability to create a
menciptakan keunggulan kompetitif di tengah competitive edge amidst stiff competition in the
kompetisi perbankan yang semakin ketat. banking industry. The inability to cope with such
Ketidakmampuan dalam menghadapi tantangan business challenges, which are constantly changing
bisnis tersebut, yang terus mengalami perubahan from time to time, will lead to failure in accomplishing
dari waktu ke waktu, akan mengakibatkan the determined vision.
kegagalan dalam mencapai visi yang selama ini
telah ditetapkan.
Demi merealisasikan keuntungan yang diharapkan, In order to realise the expected benefit, the
penerapan keputusan-keputusan stratejik secara implementation of strategic decision must be
disiplin perlu dilaksanakan. Untuk menjamin conducted in a disciplined manner. To ensure
implementasi strategi yang tepat, ketika strategi proper strategy implementation, once the strategy is
ditentukan, rencana kerja yang terperinci termasuk determined, detailed action plans including key
inisiatif-inisiatif kunci perlu dikembangkan, dan initiatives have to be developed, and tracked
dipantau kesesuaiannya terhadap target jadwal according to the targeted timeline and benefit.
pelaksanaan dan keuntungan.
Pada akhirnya, kesuksesan strategi Bank harus In the end, success of the Bank’s strategy should be
dapat diukur. Bank memantau ukuran-ukuran kunci measurable. The Bank monitors the following key
berikut ini: measures:
Posisi pasar, diukur dari peringkat aset Market position, measured by asset size rank
Pertumbuhan bisnis, diukur dari pertumbuhan Business growth, measured by year-on-year
tahunan PBT (laba sebelum pajak) PBT (profit before tax) growth
Efisiensi, diukur dari rasio BOPO Efficiency, measured by BOPO ratio
PT Bank Maybank Indonesia Tbk 2023 Annual Report 324
Page 957
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
Tabel di bawah ini menyajikan perbandingan atas The table below presents the comparison by class
nilai tercatat dengan nilai wajar dari instrumen of the carrying amounts and fair value of the
keuangan konsolidasian yang tercatat dalam laporan consolidated financial instruments that are
keuangan. recognized in the financial statements.
31 Desember/December 31, 2023
Nilai tercatat/Carrying value
Nilai wajar
melalui
Biaya penghasilan
Nilai wajar perolehan komprehensif
melalui laba diamortisasi lain/
rugi/ lainnya/ Fair value Jumlah
Fair value Other through other nilai
through amortized comprehensive tercatat/ Nilai wajar/
profit and loss cost income Carrying value Fair value
Aset keuangan: Financial assets:
Giro pada Bank Current accounts with
Indonesia - 8.152.106 - 8.152.106 8.152.106 Bank Indonesia
Current account with
Giro pada bank lain - 2.192.282 - 2.192.282 2.192.282 other banks
Penempatan pada Placements with Bank
Bank Indonesia Indonesia and other
dan bank lain - 2.494.486 - 2.494.486 2.494.486 banks
Efek-efek yang
diperdagangkan 1.297.687 - - 1.297.687 1.297.687 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan
diamortisasi - 5.395.292 - 5.395.292 5.392.876 Amortized cost -
- Nilai wajar melalui
penghasilan Fair value through other -
komprehensif lain - - 25.188.492 25.188.492 25.188.492 comprehensive income
- Penyertaan saham - - 167.793 167.793 167.793 Investment in shares -
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali - 2.333.072 - 2.333.072 2.333.072 under resale agreements
Tagihan derivatif 980.991 - - 980.991 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan receivables/
Syariah - 104.679.464 - 104.679.464 109.884.655 financing
Piutang pembiayaan Consumer financing
konsumen - 7.800.441 - 7.800.441 8.664.466 receivables
Tagihan akseptasi - 785.630 - 785.630 785.630 Acceptance receivables
Beban dibayar dimuka Prepayments and
dan aset lain-lain*) - 1.017.013 - 1.017.013 1.017.013 other assets*)
Jumlah aset 2.278.678 134.849.786 25.356.285 162.484.749 168.551.549 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas segera - 1.076.598 - 1.076.598 1.076.598 Obligations due immediately
Simpanan nasabah - 115.502.508 - 115.502.508 115.502.508 Deposits from customers
Simpanan dari bank lain - 4.782.896 - 4.782.896 4.782.896 Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - 2.017.063 - 2.017.063 2.017.063 repurchased agreements
Liabilitas derivatif 963.141 - - 963.141 963.141 Derivatives payable
Liabilitas akseptasi - 512.039 - 512.039 512.039 Acceptances payable
Surat berharga
yang diterbitkan - 4.222.181 - 4.222.181 4.218.728 Securities issued
Pinjaman diterima - 7.744.928 - 7.744.928 7.954.352 Borrowings
Beban yang masih harus
dibayar dan liabilitas Accrued expenses and other
lain-lain**) - 263.193 - 263.193 263.193 liabilities**)
Pinjaman dan
obligasi subordinasi - 99.451 - 99.451 99.451 Subordinated loan and bonds
Jumlah liabilitas 963.141 136.220.857 - 137.183.998 137.389.969 Total liabilities
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto *) Prepayments and other assets consist of interests receivable-net and
dan tagihan card center dan Mastercard card center receivables and Mastercard
**) Beban yang masih harus dibayar dan liabilitas lain-lain terdiri atas bunga **) Accrued expenses and other liabilities consists of accrued interests
yang masih harus dibayar
325 PT Bank Maybank Indonesia Tbk 2023 Annual Report 955
Page 958
956
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
(lanjutan) (continued)
31 Desember/December 31, 2022
Nilai tercatat/Carrying value
Nilai wajar
melalui
Biaya penghasilan
Nilai wajar perolehan komprehensif
melalui laba diamortisasi lain/
rugi/ lainnya/ Fair value Jumlah
Fair value Other through other nilai
through amortized comprehensive tercatat/ Nilai wajar/
profit and loss cost income Carrying value Fair value
Aset keuangan: Financial assets:
Giro pada Bank Current accounts with
Indonesia - 9.654.266 - 9.654.266 9.654.266 Bank Indonesia
Current account with
Giro pada bank lain - 2.029.784 - 2.029.784 2.029.784 other banks
Penempatan pada Placements with Bank
Bank Indonesia Indonesia and other
dan bank lain - 2.526.355 - 2.526.355 2.526.355 banks
Efek-efek yang
diperdagangkan 479.836 - - 479.836 479.836 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan
diamortisasi - 6.900.030 - 6.900.030 6.922.299 Amortized cost -
- Nilai wajar melalui
penghasilan Fair value through other -
komprehensif lain - - 21.524.897 21.524.897 21.524.897 comprehensive income
- Penyertaan saham - - 170.369 170.369 170.369 Investment in shares -
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali - 1.537.216 - 1.537.216 1.537.216 under resale agreements
Tagihan derivatif 675.781 - - 675.781 675.781 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan receivables/
Syariah - 96.702.646 - 96.702.646 102.780.498 financing
Piutang pembiayaan Consumer financing
konsumen - 7.753.973 - 7.753.973 7.978.244 receivables
Tagihan akseptasi - 1.262.840 - 1.262.840 1.262.840 Acceptance receivables
Beban dibayar dimuka Prepayments and
dan aset lain-lain*) - 1.001.101 - 1.001.101 1.001.101 other assets*)
Jumlah aset 1.155.617 129.368.211 21.695.266 152.219.094 158.543.486 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas segera - 1.163.449 - 1.163.449 1.163.449 Obligations due immediately
Simpanan nasabah - 105.706.302 - 105.706.302 105.706.302 Deposits from customers
Simpanan dari bank lain - 3.165.693 - 3.165.693 3.165.693 Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - 111.905 - 111.905 111.905 repurchased agreements
Liabilitas derivatif 731.727 - - 731.727 731.727 Derivatives payable
Liabilitas akseptasi - 845.359 - 845.359 845.359 Acceptances payable
Surat berharga
yang diterbitkan - 5.052.418 - 5.052.418 5.146.647 Securities issued
Pinjaman diterima - 9.949.742 - 9.949.742 9.998.678 Borrowings
Beban yang masih harus
dibayar dan liabilitas Accrued expenses and other
lain-lain**) - 186.099 - 186.099 186.099 liabilities**)
Pinjaman dan
obligasi subordinasi - 799.707 - 799.707 814.975 Subordinated loan bonds
Jumlah liabilitas 731.727 126.980.674 - 127.712.401 127.870.834 Total liabilities
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto *) Prepayments and other assets consist of interests receivable-net and
dan tagihan card center dan Mastercard card center receivables and Mastercard
**) Beban yang masih harus dibayar dan liabilitas lain-lain terdiri atas bunga **) Accrued expenses and other liabilities consists of accrued interests
yang masih harus dibayar
PT Bank Maybank Indonesia Tbk 2023 Annual Report 326
Page 959
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
(lanjutan) (continued)
Berikut metode dan asumsi yang digunakan oleh The following methods and assumptions are used
Bank dan entitas anaknya untuk perkiraan nilai by the Bank and subsidiaries to estimate the fair
wajar: value of financial instruments:
Nilai wajar aset dan liabilitas keuangan tertentu Fair values of certain financial assets and liabilities
selain derivatif, efek-efek dengan biaya perolehan other than derivatives, amortized cost securities,
yang diamortisasi, piutang pembiayaan konsumen, consumer financing receivables, loans and sharia
kredit yang diberikan dan piutang/pembiayaan receivables/financing, borrowings and securities
syariah, pinjaman diterima dan surat berharga yang issued (call money > 90 days) are approximately the
diterbitkan (call money > 90 hari) mendekati nilai same with their carrying amounts due to the short-
tercatat karena instrumen keuangan tersebut term maturities of these financial instruments.
memiliki jangka waktu jatuh tempo yang singkat.
Nilai wajar tagihan dan liabilitas derivatif dihitung The fair value of derivatives receivable and payable
berdasarkan metodologi yang dijelaskan dalam are calculated based on methodology as disclosed
Catatan 2k dan 11. in Notes 2k and 11.
Nilai wajar dari pinjaman diterima dihitung The fair value of borrowings is calculated using
menggunakan diskonto arus kas berdasarkan discounted cash flows using market interest rate.
tingkat suku bunga pasar.
Nilai wajar untuk surat berharga yang diterbitkan The fair value of securities issued and subordinated
dan obligasi subordinasi dihitung menggunakan nilai bonds are calculated using prevailing market price.
pasar yang berlaku.
Nilai wajar dari kredit yang diberikan dan The fair value of loans and sharia
piutang/pembiayaan syariah, efek-efek dengan receivables/financing, amortized cost securities and
biaya perolehan yang diamortisasi dan piutang consumer financing receivables are determined by
pembiayaan konsumen dinilai menggunakan discounting cash flows using current market interest
diskonto arus kas berdasarkan tingkat suku bunga rate.
pasar terkini.
Tabel di bawah ini menyajikan instrumen keuangan The table below shows the financial instruments
yang diakui pada nilai wajar berdasarkan hirarki recognized at fair value based on the hierarchy used
yang digunakan Bank untuk menentukan dan by the Bank in determining and disclosing the fair
mengungkapkan nilai wajar dari instrumen value of financial instruments:
keuangan:
(i) Tingkat 1: Harga kuotasian (tanpa (i) Level 1: Quoted prices (unadjusted) in active
penyesuaian) di pasar aktif untuk aset atau markets for identical asset or liabilities;
liabilitas yang identik;
(ii) Tingkat 2: Teknik lain atas semua input yang (ii) Level 2: Other techniques for which all inputs
memiliki efek signifikan terhadap nilai wajar which have a significant effect on the recorded
yang tercatat dapat diobservasi, baik secara fair value are observable, either directly or
langsung maupun tidak langsung; indirectly;
(iii) Tingkat 3: Teknik yang menggunakan input (iii) Level 3: Techniques which use inputs that have a
yang memiliki pengaruh signifikan terhadap nilai significant effect on the recorded fair value that
wajar yang tercatat yang tidak berdasarkan are not based on observable market data.
data pasar yang dapat diobservasi.
327 PT Bank Maybank Indonesia Tbk 2023 Annual Report 957
Page 960
958
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
(lanjutan) (continued)
31 Desember/December 31, 2023
Jumlah nilai Nilai wajar/Fair value
tercatat/
Total carrying Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
amount Level 1 Level 2 Level 3 Total
Aset keuangan: Financial assets:
Efek-efek yang diperdagangkan 1.297.687 1.297.687 - - 1.297.687 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan diamortisasi 5.395.292 4.982.562 - 410.314 5.392.876 Amortized cost -
- Nilai wajar melalui penghasilan Fair value through other -
komprehensif lain 25.188.492 24.891.566 296.926 - 25.188.492 comprehensive income
- Penyertaan saham 167.793 - - 167.793 167.793 Investments in shares -
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 2.333.072 - - 2.333.072 2.333.072 resale agreements
Tagihan derivatif 980.991 - 980.991 - 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan receivables/
Syariah 104.679.464 - - 109.884.655 109.884.655 financing
Piutang pembiayaan Consumer financing
konsumen 7.800.441 - - 8.664.466 8.664.466 receivables
Jumlah aset 147.843.232 31.171.815 1.277.917 121.460.300 153.910.032 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas derivatif 963.141 - 963.141 - 963.141 Derivatives payable
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 2.017.063 - 2.017.063 - 2.017.063 repurchased agreements
Surat berharga yang diterbitkan 4.222.181 - 4.218.728 - 4.218.728 Securities issued
Pinjaman diterima 7.744.928 - 7.954.352 - 7.954.352 Borrowings
Pinjaman dan
Obligasi subordinasi 99.451 - 99.451 - 99.451 Subordinated loan and bonds
Jumlah liabilitas 15.046.764 - 15.252.735 - 15.252.735 Total liabilities
31 Desember/December 31, 2022
Jumlah nilai Nilai wajar/Fair value
tercatat/
Total carrying Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
amount Level 1 Level 2 Level 3 Total
Aset keuangan: Financial assets:
Efek-efek yang diperdagangkan 479.836 479.836 - - 479.836 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan diamortisasi 6.900.030 5.907.303 - 1.014.996 6.922.299 Amortized cost -
- Nilai wajar melalui penghasilan Fair value through other -
komprehensif lain 21.524.897 21.227.763 292.594 4.540 21.524.897 comprehensive income
- Penyertaan saham 170.369 - - 170.369 170.369 Investments in shares -
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1.537.216 - - 1.537.216 1.537.216 resale agreements
Tagihan derivatif 675.781 - 675.781 - 675.781 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan receivables/
Syariah 96.702.646 - - 102.780.498 102.780.498 financing
Piutang pembiayaan Consumer financing
konsumen 7.753.973 - - 7.978.244 7.978.244 receivables
Jumlah aset 135.744.748 27.614.902 968.375 113.485.863 142.069.140 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas derivatif 731.727 - 731.727 - 731.727 Derivatives payable
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 111.905 - 111.905 - 111.905 repurchased agreements
Surat berharga yang diterbitkan 5.052.418 - 5.146.647 - 5.146.647 Securities issued
Pinjaman diterima 9.949.742 - 9.998.678 - 9.998.678 Borrowings
Pinjaman dan
Obligasi subordinasi 799.707 - 814.975 - 814.975 Subordinated loan and bonds
Jumlah liabilitas 16.645.499 - 16.803.932 - 16.803.932 Total liabilities
PT Bank Maybank Indonesia Tbk 2023 Annual Report 328
Page 961
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
53. MANAJEMEN MODAL 53. CAPITAL MANAGEMENT
Tujuan utama dari kebijakan Bank atas kebijakan The primary objectives of the Bank’s capital
pengelolaan modal adalah untuk memastikan management policy are to ensure that it has a
bahwa Bank memiliki modal yang kuat untuk strong capital to support the Bank’s current
mendukung strategi pengembangan ekspansi business expansion strategy, to sustain future
usaha Bank saat ini, mempertahankan development of the business, to meet regulator
kelangsungan pengembangan di masa mendatang, capital adequacy requirements and also to ensure
untuk memenuhi ketentuan kecukupan permodalan the efficiency of Bank’s capital structure.
yang ditetapkan oleh regulator serta memastikan
agar struktur permodalan Bank telah efisien.
Bank menyusun Rencana Permodalan berdasarkan The Bank undertakes Capital Planning based on
penilaian dan penelaahan atas kebutuhan assessment and review of the capital situation in
kecukupan permodalan yang dipersyaratkan dan terms of the legal capital adequacy requirement,
mengkombinasikannya dengan tinjauan combined with assessment of economic outlooks
perkembangan ekonomi terkini dan hasil dari and stress test result. The Bank will continue to link
metode stress test. Bank senantiasa akan financial and capital adequacy goals to risk appetite
menghubungkan tujuan keuangan dan kecukupan through the capital planning process and stress
modal terhadap risk appetite melalui proses testing method as well as assess the businesses
perencanaan modal dan stress test, begitu pula based on Bank’s capital and liquidity requirements.
dengan bisnis yang didasarkan pada permodalan
dan persyaratan likuiditas Bank.
Kebutuhan permodalan Bank juga direncanakan The capital needs of the Bank are also discussed
dan didiskusikan secara rutin yang didukung dengan and planned on a routine basis supported by data
data analisis. analysis.
Rencana Permodalan disusun oleh Direksi sebagai Capital Planning is prepared by Board of Directors
bagian dari Rencana Bisnis Bank dan disetujui oleh as part of Bank’s Business Plan and is approved by
Dewan Komisaris. Perencanaan ini diharapkan akan the Board of Commissioners. Capital Planning
memastikan tersedianya modal yang cukup dan ensures that adequate levels of capital and an
terciptanya struktur permodalan yang optimal optimum mix of the different components of capital
berdasarkan komponen permodalan yang berbeda are maintained to support Bank’s strategy.
untuk mendukung strategi Bank.
Bank telah melakukan perhitungan kecukupan The Bank calculates its capital adequacy
modal berdasarkan ketentuan yang berlaku, yaitu requirements based on the prevailing regulation,
POJK Nomor 11/POJK.03/2016 tentang Kewajiban POJK Number 11/POJK.03/2016 regarding the
Penyediaan Modal Minimum Bank Umum. Modal Mandatory Minimum Capital Requirements for
yang dimiliki terdiri atas modal inti (Tier 1) dan modal Commercial Banks. The capital consists of Tier 1
pelengkap (Tier 2). Modal inti (Tier 1) meliputi modal Capital and Tier 2 Capital. Tier 1 Capital consists of
inti utama dan modal inti tambahan. Common Equity Tier 1 and Additional Tier 1
Capital.
Bank telah meningkatkan modal melalui rights issue The Bank had raised share capital through rights
sebesar Rp1.407.050 pada bulan April 2010, issuances of Rp1,407,050 in April 2010,
sebesar Rp1.500.854 pada bulan Juli 2013, sebesar Rp1,500,854 in July 2013, Rp1,497,204 in
Rp1.497.204 pada bulan Desember 2014 dan December 2014 and Rp1,998,532 in June 2018.
sebesar Rp1.998.532 pada bulan Juni 2018. Bank The Bank has also recently completed a
juga telah menyelesaikan penerbitan Obligasi Subordinated Debt issuance realisation of
Subordinasi dengan realisasi sebesar Rp1.500.000 Rp1,500,000 in May 2011, Rp500,000 in
pada bulan Mei 2011, Rp500.000 pada bulan December 2011, Rp1,000,000 in October 2012,
Desember 2011, Rp1.000.000 pada bulan Oktober Rp1,500,000 in July 2014 and Rp800,000 in June
2012, Rp1.500.000 pada bulan Juli 2014 dan 2016.
Rp800.000 pada bulan Juni 2016.
329 PT Bank Maybank Indonesia Tbk 2023 Annual Report 959
Page 962
960
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
53. MANAJEMEN MODAL (lanjutan) 53. CAPITAL MANAGEMENT (continued)
Bank mematuhi semua persyaratan modal yang The Bank has complied with all externally imposed
ditetapkan oleh pihak eksternal sepanjang periode capital requirements throughout the reporting
pelaporan, khususnya berkenaan dengan period, particularly regarding Capital Adequacy
perhitungan Kewajiban Penyediaan Modal Minimum Ratio ("CAR") and calculation of Risk Weighted
("KPMM") dan Aktiva Tertimbang Menurut Risiko Assets ("RWA").
("ATMR").
Kewajiban penyediaan modal Bank dengan The Bank’s capital adequacy ratio with
memperhitungkan risiko kredit, risiko operasional consideration of credit, operational and market
dan risiko pasar: risks:
31 Desember/December 31
2023 2022
Konsolidasi Consolidated
Modal Capital
Tier I 28.581.706 27.690.278 Tier I
Tier II 1.256.927 1.171.788 Tier II
Jumlah Modal 29.838.633 28.862.066 Total Capital
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets
untuk Risiko Kredit 92.584.621 87.333.585 for Credit Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets
untuk Risiko Operasional 11.254.793 18.702.719 for Operational Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets
untuk Risiko Pasar 3.708.534 2.272.896 for Market Risk
Rasio CET 1 26,57% 25,57% CET 1 Ratio
Rasio Tier 1 26,57% 25,57% Tier 1 Ratio
Rasio Tier 2 1,17% 1,08% Tier 2 Ratio
Total rasio 27,74% 26,65% Ratio total
Rasio Kewajiban Penyediaan Minimum Capital Adequacy
Modal Minimum sesuai profil risiko 9,99% 9,99% Ratio based on risk profile
Bank Bank
Modal Capital
Tier I 23.765.500 23.213.357 Tier I
Tier II 1.112.644 1.054.727 Tier II
Jumlah Modal 24.878.144 24.268.084 Total Capital
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets
untuk Risiko Kredit 81.016.495 77.958.681 for Credit Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets
untuk Risiko Operasional 10.180.718 14.348.674 for Operational Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets
untuk Risiko Pasar 3.718.873 2.283.600 for Market Risk
Rasio CET 1 25,04% 24,54% CET 1 Ratio
Rasio Tier 1 25,04% 24,54% Tier 1 Ratio
Rasio Tier 2 1,17% 1,12% Tier 2 Ratio
Total rasio 26,21% 25,66% Ratio total
Rasio Kewajiban Penyediaan Minimum Capital Adequacy
Modal Minimum sesuai profil risiko 9,99% 9,99% Ratio based on risk profile
PT Bank Maybank Indonesia Tbk 2023 Annual Report 330
Page 963
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
54. INFORMASI LAINNYA 54. OTHER INFORMATION
a. Analisa jatuh tempo aset dan liabilitas (sebelum a. Maturity analysis of assets and liabilities (before
cadangan kerugian penurunan nilai) berdasarkan allowance for impairment losses) based on the
jangka waktu kontraktual yang tersisa sejak remaining contractual period from December 31,
tanggal 31 Desember 2023 dan 2022 sampai 2023 and 2022, until maturity are as follows:
dengan jatuh tempo adalah sebagai berikut:
31 Desember/December 31, 2023
Tidak
mempunyai Lebih dari Lebih dari Lebih dari
tanggal 1 bulan s/d 3 bulan s/d 6 bulan s/d
jatuh tempo Sampai 3 bulan/ 6 bulan/ 12 bulan/
kontraktual/ dengan More than More than More than Lebih dari
No 1 bulan/ 1 month 3 months 6 months 12 bulan/
contractual Up to until until until More than Jumlah/
maturity 1 month 3 months 6 months 12 months 12 months Total
Aset Assets
Kas - 1.570.030 - - - - 1.570.030 Cash
Giro pada Bank Current accounts with
Indonesia - 8.152.106 - - - - 8.152.106 Bank Indonesia
Current accounts with
Giro pada bank lain - 2.194.092 - - - - 2.194.092 other banks
Penempatan pada Placements with Bank
Bank Indonesia Indonesia and other
dan bank lain - 2.496.502 - - - - 2.496.502 banks
Efek-efek yang
diperdagangkan - 385.933 11.688 3.167 6.790 890.109 1.297.687 Trading securities
Investasi keuangan 167.793 1.923.890 3.820.880 2.448.683 4.436.696 17.954.032 30.751.974 Financial investment
Efek-efek yang dibeli Securities purchased
dengan janji dijual under resale
kembali - neto - 2.333.122 - - - - 2.333.122 agreements - net
Tagihan derivatif - 135.715 244.060 189.621 75.370 336.225 980.991 Derivatives receivable
Kredit yang diberikan dan
piutang/pembiayaan Loans and Sharia
Syariah - 6.401.568 7.617.929 8.479.308 19.574.058 65.983.414 108.056.277 receivables/financing
Piutang pembiayaan Consumer financing
konsumen - 16.119 60.438 199.799 834.014 6.835.359 7.945.729 receivables
Tagihan akseptasi - 226.868 273.419 286.408 - - 786.695 Acceptances receivable
Beban dibayar dimuka
dan aset lain-lain Prepayments and
- neto 958.133 3.177.143 - - - - 4.135.276 other assets - net
Jumlah aset 1.125.926 29.013.088 12.028.414 11.606.986 24.926.928 91.999.139 170.700.481 Total assets
Liabilitas Liabilities
Obligations
Liabilitas segera - 1.076.598 - - - - 1.076.598 due immediately
Giro - 35.753.133 - - - - 35.753.133 Demand deposits
Tabungan - 23.243.230 - - - - 23.243.230 Savings deposits
Deposito berjangka - 29.629.227 16.620.175 5.893.429 4.349.149 14.165 56.506.145 Time deposits
Simpanan dari bank lain - 3.887.251 251.519 15.640 628.486 - 4.782.896 Deposits from other banks
Efek-efek yang dijual Securities sold
dengan janji dibeli under repurchased
kembali - 1.670.560 346.503 - - - 2.017.063 agreements
Liabilitas derivatif - 85.004 40.071 304.809 236.004 297.253 963.141 Derivatives payable
Liabilitas akseptasi - 151.311 167.146 193.582 - - 512.039 Acceptances payable
Surat berharga
yang diterbitkan - - - 1.042.352 565.455 2.614.374 4.222.181 Securities issued
Pinjaman diterima - 700.322 1.232.952 795.049 1.880.674 3.135.931 7.744.928 Borrowings
Beban yang masih
harus dibayar dan Accrued expenses and
liabilitas lain-lain 120.203 1.523.695 - 292 20.396 2.026.420 3.691.006 other liabilities
Pinjaman dan obligasi Subordinated loan and
subordinasi - - - - - 99.451 99.451 bonds
Jumlah liabilitas 120.203 97.720.331 18.658.366 8.245.153 7.680.164 8.187.594 140.611.811 Total liabilities
Aset/(liabilitas)
neto 1.005.723 (68.707.243) (6.629.952) 3.361.833 17.246.764 83.811.545 30.088.670 Net assets/(liabilities)
331 PT Bank Maybank Indonesia Tbk 2023 Annual Report 961
Page 964
962
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
54. INFORMASI LAINNYA (lanjutan) 54. OTHER INFORMATION (continued)
a. Analisa jatuh tempo aset dan liabilitas (sebelum a. Maturity analysis of assets and liabilities (before
cadangan kerugian penurunan nilai) berdasarkan allowance for impairment losses) based on the
jangka waktu kontraktual yang tersisa sejak remaining contractual period from December 31,
tanggal 31 Desember 2023 dan 2022 sampai 2023 and 2022, until maturity are as follows:
dengan jatuh tempo adalah sebagai berikut : (continued)
(lanjutan)
31 Desember/December 31, 2022
Tidak
mempunyai Lebih dari Lebih dari Lebih dari
tanggal 1 bulan s/d 3 bulan s/d 6 bulan s/d
jatuh tempo Sampai 3 bulan/ 6 bulan/ 12 bulan/
kontraktual/ dengan More than More than More than Lebih dari
No 1 bulan/ 1 month 3 months 6 months 12 bulan/
contractual Up to until until until More than Jumlah/
maturity 1 month 3 months 6 months 12 months 12 months Total
Aset Assets
Kas - 1.524.955 - - - - 1.524.955 Cash
Giro pada Bank Current accounts with
Indonesia - 9.654.266 - - - - 9.654.266 Bank Indonesia
Current accounts with
Giro pada bank lain - 2.031.321 - - - - 2.031.321 other banks
Penempatan pada Placements with Bank
Bank Indonesia Indonesia and other
dan bank lain - 2.529.355 - - - - 2.529.355 banks
Efek-efek yang
diperdagangkan - - - 251 18.386 461.199 479.836 Trading securities
Investasi keuangan 170.369 8.010.239 452.155 2.329.241 2.385.452 15.252.231 28.599.687 Financial investment
Efek-efek yang dibeli Securities purchased
dengan janji dijual under resale
kembali - neto - 179.971 - - 1.358.321 - 1.538.292 agreements - net
Tagihan derivatif - 145.676 179.159 94.395 85.474 171.077 675.781 Derivatives receivable
Kredit yang diberikan dan
piutang/pembiayaan Loans and Sharia
Syariah - 6.741.115 5.074.412 8.036.152 14.732.596 65.354.368 99.938.643 receivables/financing
Piutang pembiayaan Consumer financing
konsumen - 20.639 54.818 136.983 715.041 6.948.963 7.876.444 receivables
Tagihan akseptasi - 330.370 662.051 284.860 - - 1.277.281 Acceptances receivable
Beban dibayar dimuka
dan aset lain-lain Prepayments and
- neto 941.271 3.061.583 - - - - 4.002.854 other assets - net
Jumlah aset 1.111.640 34.229.490 6.422.595 10.881.882 19.295.270 88.187.838 160.128.715 Total assets
Liabilitas Liabilities
Obligations
Liabilitas segera - 1.163.449 - - - - 1.163.449 due immediately
Giro - 32.432.558 - - - - 32.432.558 Demand deposits
Tabungan - 21.913.347 - - - - 21.913.347 Savings deposits
Deposito berjangka - 31.783.817 13.869.242 3.560.281 2.138.277 8.780 51.360.397 Time deposits
Simpanan dari bank lain - 2.208.403 298.292 15.572 643.426 - 3.165.693 Deposits from other banks
Efek-efek yang dijual Securities sold
dengan janji dibeli under repurchased
kembali - 111.905 - - - - 111.905 agreements
Liabilitas derivatif - 82.857 42.717 81.147 109.405 415.601 731.727 Derivatives payable
Liabilitas akseptasi - 255.056 485.508 104.795 - - 845.359 Acceptances payable
Surat berharga
yang diterbitkan - - 645.382 467.463 645.630 3.293.943 5.052.418 Securities issued
Pinjaman diterima - 1.489.188 12.497 4.089.531 1.936.288 2.422.238 9.949.742 Borrowings
Beban yang masih
harus dibayar dan Accrued expenses and
liabilitas lain-lain 122.099 1.454.558 74 2.978 82.038 1.669.780 3.331.527 other liabilities
Pinjaman subordinasi - - - 799.707 - - 799.707 Subordinated bonds
Jumlah liabilitas 122.099 92.895.138 15.353.712 9.121.474 5.555.064 7.810.342 130.857.829 Total liabilities
Aset/(liabilitas)
neto 989.541 (58.665.648) (8.931.117) 1.760.408 13.740.206 80.377.496 29.270.886 Net assets/(liabilities)
PT Bank Maybank Indonesia Tbk 2023 Annual Report 332
Page 965
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
54. INFORMASI LAINNYA (lanjutan) 54. OTHER INFORMATION (continued)
Langkah yang diambil oleh Bank dan entitas anak In relation to the mismatch of the Bank and
sehubungan dengan ketidaksesuaian aset dan subsidiaries’ monetary assets and liabilities that
liabilitas moneter yang jatuh tempo sampai dengan mature up to one month and between one and three
satu bulan dan antara satu sampai dengan tiga months, the Bank has plans to improve its services
bulan, adalah meningkatkan pelayanan kepada to customers, to offer interesting products and
nasabah serta menawarkan produk dan bunga yang interests to customers to maintain stability and
menarik kepada nasabah untuk menjaga stabilitas continuity in deposit amounts. In addition, the Bank
dan kontinuitas jumlah simpanan. Di samping itu, and subsidiaries has intensified its efforts in the
Bank dan entitas anak juga mengintensifkan usaha collection of non-performing debtors and is in the
penagihan kepada debitur bermasalah dan process of negotiation to obtain certain borrowing
memperoleh fasilitas pinjaman dari berbagai bank facilities from both local and offshore banks.
baik dari dalam maupun luar negeri.
b. Per 31 Desember 2023 dan 2022 tidak terdapat b. As of December 31, 2023 and 2022, there were
pelampauan dan pelanggaran Batas no excess and violation of the Legal Lending
Maksimum Pemberian Kredit seperti yang Limit, as stipulated in POJK
ditentukan dalam POJK No.38/POJK.3/2019. No.38/POJK.3/2019.
c. Efektif tanggal 31 Oktober 2023, Bank telah c. Effective October 31, 2023, the Bank entered
mengadakan perjanjian sewa gedung kantor into an irrevocable office space lease
yang tidak dapat dibatalkan untuk periode agreement for a period of 10 (ten) years up to
selama 10 (sepuluh) tahun hingga 30 Oktober October 30, 2033, covering a total office space
2033, dengan luas ruangan sebesar of approximately 25,420.28 square meters in
25.420,28m2 di Sentral Senayan III. Sentral Senayan III. The payment terms of the
Pembayaran atas sewa dilakukan secara lease is in advance on a quarterly basis.
triwulanan di muka.
333 PT Bank Maybank Indonesia Tbk 2023 Annual Report 963
Page 966
964
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
55. REKLASIFIKASI 55. RECLASSIFICATION
Laporan keuangan konsolidasian untuk tahun yang Consolidated financial statements for the year
berakhir pada tanggal 31 Desember 2023 telah ended December 31, 2023 have been reclassified to
direklasifikasi untuk menyesuaikan dengan conform with the presentation of the consolidated
penyajian laporan keuangan anak perusahaan financial statements of subsidiaries as follows:
sebagai berikut:
Sebelum Setelah
reklasifikasi/ reklasifikasi/
Before Reklasifikasi/ After
reclassification Reclassification reclassification
Fixed assets and right-of-use
Aset tetap dan aset hak-guna 6.394.739 (89.568) 6.305.171 assets
Akumulasi penyusutan (2.517.052) 40.105 (2.476.947) Accumulated depreciation
Aset tidak berwujud - neto 314.161 49.463 363.624 Intangible assets - net
Laporan keuangan konsolidasian untuk tahun yang Consolidated financial statements for the year
berakhir pada tanggal 31 Desember 2022 telah ended December 31, 2022 have been reclassified to
direklasifikasi untuk menyesuaikan dengan conform with the presentation of the consolidated
penyajian laporan keuangan konsolidasian untuk financial statements for the year ended December
tahun yang berakhir pada tanggal 31 Desember 31, 2023.
2023
Beban yang direklasifikasi adalah insentif The expenses reclassified are mudharabah
mudharabah, yang direklasifikasikan dari beban incentive, which are reclassified from general and
umum dan administrasi menjadi beban bunga dan administrative expenses to interest and sharia
syariah. expenses.
Sebelum Setelah
reklasifikasi/ reklasifikasi/
Before Reklasifikasi/ After
reclassification Reclassification reclassification
Beban Syariah 3.191.688 230.916 3.422.604 Sharia expenses
General and administrative
Beban umum dan administrasi 2.892.936 (230.916) 2.662.020 expenses
PT Bank Maybank Indonesia Tbk 2023 Annual Report 334
Page 967
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
56. INFORMASI KEUANGAN UNIT USAHA SYARIAH 56. FINANCIAL INFORMATION ON SHARIA UNIT
31 Desember/December 31
2023 2022
ASET ASSETS
Kas 20.394 13.934 Cash
Penempatan pada Bank Indonesia 2.757.172 2.372.508 Placements with Bank Indonesia
Penempatan pada bank lain 16.337 10.067 Placements with other banks
Surat berharga yang dimiliki 8.626.009 11.742.808 Marketable securities
Pembiayaan berbasis piutang 759.259 598.753 Receivables financing
Pembiayaan bagi hasil 28.758.647 25.450.379 Profit sharing financing
Pembiayaan sewa 721.817 381.346 Lease financing
Aset produktif lainnya 368.318 331.710 Other earning assets
Dikurangi: Cadangan kerugian Less: Allowance for impairment losses
penurunan nilai aset produktif on earning assets
Individual (457.874) (132.991) Individual
Kolektif (756.390) (934.521) Collective
Aset tetap dan inventaris 8.441 8.339 Fixed assets and inventories
Aset non-produktif 118.727 108.987 Non-earning assets
Aset lainnya 99.126 89.196 Other assets
JUMLAH ASET 41.039.983 40.040.515 TOTAL ASSETS
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Dana simpanan wadiah 889.933 508.443 Wadiah demand deposits
Dana investasi non-profit sharing 34.184.107 29.534.255 Non-profit sharing investment deposits
Liabilitas kepada bank lain 75.825 74.151 Liabilities to other banks
Liabilitas lainnya 117.303 108.695 Other liabilities
Dana usaha 1.313.954 5.872.572 Business funds
EKUITAS EQUITY
Saldo laba 4.458.861 3.942.399 Retained earnings
JUMLAH LIABILITAS DAN EKUITAS 41.039.983 40.040.515 TOTAL LIABILITIES AND EQUITY
31 Desember/December 31
2023 2022
KOMITMEN DAN KONTINJENSI COMMITMENTS AND CONTINGENCIES
KEWAJIBAN KOMITMEN COMMITMENTS LIABILITIES
Fasilitas pembiayaan kepada Unused loan commitments
nasabah yang belum ditarik 5.010.867 7.312.843 granted to customers
Lainnya 214.778 95.142 Others
KEWAJIBAN KONTINJENSI CONTINGENT LIABILITIES
Garansi yang diberikan 11.568 10.533 Guarantees Issued
335 PT Bank Maybank Indonesia Tbk 2023 Annual Report 965
Page 968
966
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
56. INFORMASI KEUANGAN UNIT USAHA SYARIAH 56. FINANCIAL INFORMATION ON SHARIA UNIT
(lanjutan) (continued)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
PENDAPATAN DAN BEBAN OPERATING INCOME AND EXPENSES
OPERASIONAL PENYALURAN DANA FROM FUND DISTRIBUTION
PENDAPATAN PENYALURAN DANA INCOME FROM FUND DISTRIBUTION
Pendapatan dari Piutang 41.736 39.360 Income from Receivables
Pendapatan dari Bagi Hasil 1.676.883 1.576.482 Income from Profit Sharing
Pendapatan Sewa 30.659 20.297 Lease Income
Lainnya 733.294 453.957 Others
JUMLAH PENDAPATAN TOTAL INCOME FROM
PENYALURAN DANA 2.482.572 2.090.096 FUND DISTRIBUTION
BAGI HASIL UNTUK
PEMILIK DANA INVESTASI PROFIT SHARING FOR INVESTORS
Non-Profit Sharing (1.183.351) (730.620) Non-Profit Sharing
JUMLAH BAGI HASIL (1.183.351) (730.620) TOTAL PROFIT SHARING
PENDAPATAN SETELAH INCOME AFTER PROFIT
DISTRIBUSI BAGI HASIL 1.299.221 1.359.476 SHARING DISTRIBUTION
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL SELAIN EXPENSES OTHER THAN
PENYALURAN DANA FUND DISTRIBUTION
PENDAPATAN OPERASIONAL LAINNYA OTHER OPERATING INCOME
Commission/provision/fee and
Komisi/provisi/fee dan administrasi 135.760 104.812 administration
Keuntungan penjabaran transaksi Gains of translation of
valuta asing 4.817 2.351 foreign exchange transaction
Pendapatan lainnya 52.100 44.035 Other income
JUMLAH PENDAPATAN TOTAL OTHER OPERATING
OPERASIONAL LAINNYA 192.677 151.198 INCOME
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES
Beban bonus wadiah (1.151) (1.001) Wadiah bonus expenses
Kerugian penurunan nilai aset Provisions for Impairment losses of
keuangan (impairment) (225.392) (557.399) financial assets (impairment)
Pemulihan/(beban) kerugian Reversal/(expenses) of provisions for
penurunan nilai aset Impairment losses of other
lainnya (non-keuangan) 10.584 (2.007) assets (non-financial)
Beban tenaga kerja (84.383) (76.127) Personnel expenses
Beban lainnya (687.291) (575.533) Other expenses
JUMLAH BEBAN OPERASIONAL TOTAL OTHER OPERATING
LAINNYA (987.633) (1.212.067) EXPENSES
BEBAN OPERASIONAL OTHER OPERATING
LAINNYA - NETO (794.956) (1.060.869) EXPENSES - NET
LABA OPERASIONAL 504.265 298.607 OPERATING INCOME
PENDAPATAN DAN BEBAN NON-OPERATING INCOME
NON-OPERASIONAL AND EXPENSES
Keuntungan penjualan aset tetap
dan inventaris - 2 Gains from sale of fixed asset
Pendapatan non-operasional
lainnya 92 3.792 Other non-operating income
LABA NON-OPERASIONAL 92 3.794 NON-OPERATING INCOME
LABA TAHUN BERJALAN 504.357 302.401 INCOME FOR THE YEAR
PT Bank Maybank Indonesia Tbk 2023 Annual Report 336
Page 969
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
57. PERNYATAAN STANDAR AKUNTANSI 57. NEW AND REVISED STATEMENTS OF
KEUANGAN BARU DAN YANG DISESUAIKAN FINANCIAL ACCOUNTING STANDARDS
Mulai efektif berlaku pada atau setelah tanggal Effective beginning on or after January 1, 2024
1 Januari 2024
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan pedoman These standards provides requirements and
bagi entitas untuk menerapkan standar akuntansi guidelines for entities to apply the correct financial
keuangan yang benar dalam menyusun laporan accounting standards in preparing general purpose
keuangan bertujuan umum. Akan ada 4 (empat) financial statements. There will be 4 (four) financial
standar akuntansi keuangan yang saat ini diterapkan accounting standards that are currently applied in
di Indonesia, yaitu: Indonesia, namely:
1. Pilar 1 Standar Akuntansi Keuangan 1. Pillar 1 International Financial Accounting
Internasional, Standards,
2. Pilar 2 Standar Akuntansi Keuangan Indonesia 2. Pillar 2 Indonesian Financial Accounting
(PSAK), Standards (SFAS),
3. Pilar 3 Standar Akuntansi Keuangan Indonesia 3. Pillar 3 Indonesian Financial Accounting
untuk Entitas Swasta/Standar Akuntansi Standards for Private Entities/Indonesian
Keuangan Indonesia untuk Entitas Tanpa Financial Accounting Standards for Entities
Akuntabilitas Publik, dan without Public Accountability, and
4. Pilar 4 Standar Akuntansi Keuangan Indonesia 4. Pillar 4 Indonesian Financial Accounting
untuk Entitas Mikro Kecil dan Menengah. Standards for Micro Small and Medium Entities.
Standar Akuntansi Keuangan Internasional International Financial Accounting Standard
Standar ini merupakan adopsi penuh dari This standard is a full-adoption of International
International Financial Reporting Standards (“IFRS”) Financial Reporting Standards (“IFRS”) which is
yang diterjemahkan kata demi kata dan tidak ada translated in a word-for-word basis and there is no
modifikasi dari Standar IFRS, termasuk tanggal modifications from IFRS Standards, including the
efektifnya. Entitas yang memenuhi persyaratan dapat effective date. Entities that meet the requirements
menerapkan standar ini, sejak tanggal efektif. can apply this standard, from the effective date.
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Standar ini ini mengatur penomoran baru untuk This standard regulates the new numbering for
standar akuntansi keuangan yang berlaku di financial accounting standards applicable in
Indonesia yang diterbitkan oleh DSAK IAI. Indonesia issued by DSAK IAI.
337 PT Bank Maybank Indonesia Tbk 2023 Annual Report 967
Page 970
968
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
57. PERNYATAAN STANDAR AKUNTANSI 57. NEW AND REVISED STATEMENTS OF
KEUANGAN BARU DAN YANG DISESUAIKAN FINANCIAL ACCOUNTING STANDARDS
(lanjutan) (continued)
Amandemen PSAK 73: Liabilitas Sewa dalam Jual Amendment of SFAS 73: Lease liability in a Sale
Beli dan Sewa-balik and Leaseback
Amandemen PSAK 73 Sewa menetapkan The amendment to SFAS 73 Leases specifies the
persyaratan yang digunakan penjual-penyewa requirements that a seller-lessee uses in measuring
dalam mengukur kewajiban sewa yang timbul dalam the lease liability arising in a sale and leaseback
transaksi jual beli dan sewa-balik, untuk memastikan transaction, to ensure the seller-lessee does not
penjual-penyewa tidak mengakui jumlah setiap recognise any amount of the gain or loss that relates
keuntungan atau kerugian yang terkait dengan hak to the right of use it retains.
guna yang dipertahankan.
Amandemen berlaku secara retrospektif untuk The amendment applies retrospectively to annual
periode pelaporan tahunan yang dimulai pada atau reporting periods beginning on or after January 1,
setelah 1 Januari 2024. Penerapan dini 2024. Earlier application is permitted. The Group is
diperkenankan. Grup saat ini sedang menilai currently assessing the impact of the amendment to
dampak dari amandemen tersebut untuk determine the impact they will have on the Group’s
menentukan dampaknya terhadap pelaporan financial reporting.
keuangan Grup.
Amandemen PSAK 2 dan PSAK 60: Pengaturan Amendment of SFAS 2 and SFAS 60: Supplier
Pembiayaan Pemasok Finance Arrangements
Amandemen PSAK 2 dan PSAK 60 mengklarifikasi The amendments to SFAS 2 and SFAS 60 clarify the
karakteristik pengaturan pembiayaan pemasok dan characteristics of supplier finance arrangements
mensyaratkan pengungkapan tambahan atas and require additional disclosure of such
pengaturan pembiayaan pemasok tersebut. arrangements. The disclosure requirements in the
Persyaratan pengungkapan dalam amandemen ini amendments are intended to assist users of
dimaksudkan untuk membantu pengguna laporan financial statements in understanding the effects of
keuangan dalam memahami dampak pengaturan supplier finance arrangements on an entity’s
pembiayaan pemasok terhadap liabilitas, arus kas, liabilities, cash flows and exposure to liquidity risk.
dan eksposur terhadap risiko likuiditas suatu entitas.
Amandemen ini akan berlaku efektif untuk periode The amendments will be effective for annual
pelaporan tahunan yang dimulai pada atau setelah 1 reporting periods beginning on or after January 1,
Januari 2024. Penerapan dini diperkenankan, namun 2024. Early adoption is permitted, but will need to be
perlu diungkapkan. Amandemen tersebut disclosed.The amendments are not expected to
diperkirakan tidak mempunyai dampak material have a material impact on the Group’s financial
terhadap laporan keuangan Grup. statements.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 338
Page 971
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
57. PERNYATAAN STANDAR AKUNTANSI 57. NEW AND REVISED STATEMENTS OF
KEUANGAN BARU DAN YANG DISESUAIKAN FINANCIAL ACCOUNTING STANDARDS
(lanjutan) (continued)
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2025
2025
Amandemen PSAK 10: Pengaruh Perubahan Kurs Amendment of SFAS 10: the Impact of Changes in
Valuta Asing - Kekurangan Ketertukaran Foreign Exchange Rates - Lack of Exchangeability
Amendemen PSAK 10 mengatur ketika kondisi The amendment to SFAS 10 regulated when a
ekonomi suatu negara memburuk, misalnya country's economic conditions deteriorate, such as
hiperinflasi, akan menyebabkan kesulitan dalam hyperinflation, it can cause difficulties in
menentukan apakah mata uang negara tersebut determining whether the country's currency is
tertukarkan menjadi mata uang lain serta kurs yang exchangeable into another currency, as well as the
digunakan ketika mata uang tersebut tidak exchange rate to be used when the currency is not
tertukarkan. exchangeable.
Amandemen berlaku untuk periode pelaporan The amendment applies to annual reporting periods
tahunan yang dimulai pada atau setelah 1 Januari beginning on or after January 1, 2025. Earlier
2025. Penerapan dini diperkenankan. application is permitted.
58. TAMBAHAN INFORMASI ARUS KAS 58. SUPPLEMENTARY CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing activities
pendanaan pada laporan arus kas konsolidasian in the consolidated cash flow statement are as
adalah sebagai berikut: follows:
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2023 Proceeds Payment Changes 2023
Pinjaman diterima 9.949.742 - (2.204.814) - 7.744.928 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 111.905 1.905.158 - - 2.017.063 repurchased agreements
Liabilitas sewa 310.691 - (200.340) 417.896 528.247 Lease liabilities
Surat berharga yang
diterbitkan 5.052.418 1.000.000 (1.760.300) (69.937) 4.222.181 Securities issued
Pinjaman dan
obligasi subordinasi 799.707 100.000 (800.000) (256) 99.451 Subordinated loan and bonds
Total 16.224.463 3.005.158 (4.965.454) 347.703 14.611.870 Total
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2022 Proceeds Payment Changes 2022
Pinjaman diterima 6.917.309 3.032.433 - - 9.949.742 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 274.049 - (162.144) - 111.905 repurchased agreements
Liabilitas sewa 401.039 - (214.227) 123.879 310.691 Lease liabilities
Surat berharga yang
diterbitkan 5.305.250 2.600.000 (2.911.200) 58.368 5.052.418 Securities issued
Pinjaman dan
obligasi subordinasi 799.174 - - 533 799.707 Subordinated loan and bonds
Total 13.696.821 5.632.433 (3.287.571) 182.780 16.224.463 Total
339 PT Bank Maybank Indonesia Tbk 2023 Annual Report 969
Page 972
970
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir pada and for the Year Then Ended
Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
59. TANGGAL PENYELESAIAN LAPORAN 59. COMPLETION OF THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Manajemen Bank bertanggung jawab atas The management of the Bank is responsible
penyusunan laporan keuangan konsolidasian ini for the preparation of these consolidated financial
yang diselesaikan dan disetujui untuk diterbitkan statements that were completed and authorized
oleh Direksi pada tanggal 23 Februari 2024. to be issued by the Board of Directors on
February 23, 2024.
60. INFORMASI KEUANGAN TERSENDIRI ENTITAS 60. PARENT ENTITY’S SEPARATE FINANCIAL
INDUK INFORMATION
Informasi keuangan tersendiri Entitas Induk hanya The Parent Entity’s separate financial information
menyajikan informasi laporan posisi keuangan only presents information on the statement of
tanggal 31 Desember 2023 dan laporan laba rugi financial position as of December 31, 2023 and the
dan penghasilan komprehensif lain, laporan statement of profit or loss and other comprehensive
perubahan ekuitas dan laporan arus kas untuk tahun income, the statement of changes in equity and the
yang berakhir pada tanggal tersebut, dan catatan statement of cash flow for the year then ended, and
atas investasi pada entitas anak di sajikan dengan notes on investments in Subsidairies presented
metode biaya. using the cost method.
Laporan keuangan tersendiri Entitas Induk disajikan The Parent Entity’s sparate financial statements are
pada halaman 341 - 351. presented on pages 341 - 351.
PT Bank Maybank Indonesia Tbk 2023 Annual Report 340
Page 973
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK PARENT ENTITY
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2023 2022
ASET ASSETS
Kas 1.564.547 1.516.835 Cash
Giro pada Bank Indonesia 8.152.106 9.654.266 Current accounts with Bank Indonesia
Giro pada bank lain Current accounts with other banks
Pihak berelasi 96.818 57.932 Related parties
Pihak ketiga 1.973.508 1.656.163 Third parties
2.070.326 1.714.095
Dikurangi: Cadangan kerugian
penurunan nilai (518) (783) Less: Allowance for impairment losses
Giro pada bank lain - neto 2.069.808 1.713.312 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain 2.496.502 2.529.355 Indonesia and other banks
Dikurangi: Less:
Cadangan kerugian penurunan nilai (2.016) (3.000) Allowance for impairment losses
Penempatan pada Bank Indonesia Placement with bank Indonesia and
dan bank lain -neto 2.494.486 2.526.355 other banks - net
Efek-efek yang diperdagangkan 1.297.687 479.836 Trading securities
Investasi keuangan Financial investments
Pihak berelasi 735.095 662.820 Related parties
Pihak ketiga 30.592.470 28.440.183 Third parties
31.327.565 29.103.003
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (397) (4.391) impairment losses
Investasi keuangan - neto 31.327.168 29.098.612 Financial investments - net
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 2.338.176 1.609.249 resale agreements
Dikurangi: Pendapatan bunga yang
belum diamortisasi (5.054) (70.957) Less: Unamortized interest
2.333.122 1.538.292
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai (50) (1.076) losses
Efek-efek yang dibeli dengan janji Securities purchased under resale
dijual kembali - neto 2.333.072 1.537.216 agreements - net
Tagihan derivatif Derivatives receivable
Pihak berelasi 273.660 168.248 Related parties
Pihak ketiga 707.331 507.533 Third parties
980.991 675.781
341 PT Bank Maybank Indonesia Tbk 2023 Annual Report 971
Page 974
972
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2023 2022
ASET (lanjutan) ASSETS (continued)
Kredit yang diberikan dan Loans and
piutang/pembiayaan Syariah Sharia receivables/financing
Pihak berelasi 489.818 377.523 Related parties
Pihak ketiga 101.891.551 95.581.374 Third parties
102.381.369 95.958.897
Dikurangi: Less:
Cadangan kerugian penurunan nilai (3.249.831) (3.154.611) Allowance for impairment losses
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah - neto 99.131.538 92.804.286 receivables/financing - net
Tagihan akseptasi Acceptances receivable
Pihak berelasi - 735 Related parties
Pihak ketiga 786.695 1.276.546 Third parties
786.695 1.277.281
Dikurangi: Less:
Cadangan kerugian Allowance
penurunan nilai (1.065) (14.441) for impairment losses
Tagihan akseptasi - neto 785.630 1.262.840 Acceptances receivable - net
Aset pajak tangguhan 656.745 583.095 Deferred tax assets
Fixed assets and right of
Aset tetap dan aset hak-guna 5.715.312 5.577.753 right-of-use assets
Dikurangi: Akumulasi penyusutan (2.126.058) (2.387.662) Less: Accumulated depreciation
Fixed assets and right-of-use
Aset tetap dan aset hak-guna - neto 3.589.254 3.190.091 assets - net
Aset tidak berwujud - neto 307.033 215.197 Intangible assets - net
Beban dibayar dimuka dan aset lain-lain Prepayments and other assets
Pihak berelasi 32.125 36.390 Related parties
Pihak ketiga 3.973.721 3.865.200 Third parties
4.005.846 3.901.590
Dikurangi: Less:
Cadangan kerugian penurunan nilai (85.115) (73.471) Allowance for impairment losses
Cadangan kerugian (165.441) (139.451) Allowance for possible losses
Beban dibayar dimuka dan
aset lain-lain - neto 3.755.290 3.688.668 Prepayments and other assets - net
JUMLAH ASET 158.445.355 148.946.390 TOTAL ASSETS
PT Bank Maybank Indonesia Tbk 2023 Annual Report 342
Page 975
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera Obligations due immediately
Pihak berelasi 1.775 6.395 Related parties
Pihak ketiga 826.757 878.765 Third parties
828.532 885.160
Simpanan nasabah Deposits from customers
Pihak berelasi 788.993 652.080 Related parties
Pihak ketiga 115.094.949 105.257.956 Third parties
115.883.942 105.910.036
Simpanan dari bank lain Deposits from other banks
Pihak berelasi 1.439.158 1.021.657 Related parties
Pihak ketiga 3.343.738 2.144.036 Third parties
4.782.896 3.165.693
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali 2.024.149 111.926 agreements
Dikurangi: Beban bunga yang Less: Unamortized
belum diamortisasi (7.086) (21) interest
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali - neto 2.017.063 111.905 agreements - net
Liabilitas derivatif Derivatives payable
Pihak berelasi 252.713 196.534 Related parties
Pihak ketiga 710.428 535.193 Third parties
963.141 731.727
Liabilitas akseptasi Acceptances payable
Pihak berelasi 517 21.635 Related parties
Pihak ketiga 511.522 823.724 Third parties
512.039 845.359
Surat berharga yang diterbitkan Securities issued
Pihak berelasi 4.985 22.973 Related parties
Pihak ketiga 1.060.319 2.160.224 Third parties
1.065.304 2.183.197
Pinjaman diterima 2.761.746 5.869.050 Borrowings
Utang pajak 300.716 320.624 Taxes payable
Beban yang masih harus dibayar Accrued expenses
dan liabilitas lain-lain and other liabilities
Pihak berelasi 2.523 66.668 Related parties
Pihak ketiga 3.266.143 2.907.967 Third parties
3.268.666 2.974.635
Pinjaman dan obligasi
subordinasi Subordinated loan and bonds
Pihak berelasi 99.451 469.828 Related parties
Pihak ketiga - 329.879 Third parties
99.451 799.707
JUMLAH LIABILITAS 132.483.496 123.797.093 TOTAL LIABILITIES
343
PT Bank Maybank Indonesia Tbk 2023 Annual Report 973
Page 976
974
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2023 2022
EKUITAS EQUITY
Modal Saham Share Capital
Modal Dasar - Authorized Capital -
476.608.857.231 saham 476,608,857,231 shares,
terdiri dari: consist of :
388.146.231 saham Seri A 388,146,231 Series A
dengan nilai nominal shares with a par value of
Rp900 (nilai penuh) Rp900 (full amount)
per saham; per share;
8.891.200.000 saham Seri B 8,891,200,000 Series B
dengan nilai nominal shares with a par value of
Rp225 (nilai penuh) Rp225 (full amount)
per saham; dan per share; and
467.329.511.000 saham Seri D 467,329,511,000 Series D
dengan nilai nominal shares with a par value
Rp22,50 (nilai penuh) of Rp22.50 (full amount)
per saham per share
Modal ditempatkan dan disetor penuh Issued and paid-up capital
388.146.231 saham Seri A, 388,146,231 Series A shares,
8.891.200.000 saham Seri B 8,891,200,000 Series B shares
dan 66.935.849.590 saham and 66,935,849,590 Series D
Seri D 3.855.908 3.855.908 shares
Tambahan modal disetor 6.357.376 6.357.376 Additional paid-in capital
Surplus revaluasi aset tetap 1.969.935 1.970.314 Fixed assets revaluation surplus
Selisih kurs karena penjabaran Differences arising from the
laporan keuangan dalam translation of foreign currency
mata uang asing 42.142 40.657 financial statements
Kerugian yang belum Unrealized losses on
direalisasi atas perubahan changes in fair value
nilai wajar investasi keuangan yang of fair value through other
diukur pada nilai wajar melalui comprehensive income
pendapatan komprehensif lain - setelah financial investments - net
pajak tangguhan dan cadangan of deferred tax and expected
atas kerugian kredit ekspektasian (167.324) (165.120) credit loss allowances
Keuntungan aktuarial atas program manfaat Actuarial gains on defined benefit
pasti - setelah pajak tangguhan 319.787 271.885 plan - net of deferred tax
Cadangan umum 771.182 771.182 General reserve
Saldo laba 12.812.853 12.047.095 Retained earnings
JUMLAH EKUITAS 25.961.859 25.149.297 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 158.445.355 148.946.390 TOTAL LIABILITIES AND EQUITY
344
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 977
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE
- ENTITAS INDUK INCOME - PARENT ENTITY
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada
Tanggal 31 Desember/
Year Ended December 31
2023 2022
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL EXPENSES
Pendapatan dan beban bunga dan Syariah Interest and Sharia income and expenses
Pendapatan bunga dan Syariah Interest and Sharia income
Pendapatan bunga 6.760.112 6.069.121 Interest income
Pendapatan Syariah 2.482.572 2.090.096 Sharia income
9.242.684 8.159.217
Beban bunga dan Syariah Interest and Sharia expense
Beban bunga 2.970.517 2.272.463 Interest expense
Beban Syariah 1.184.501 731.622 Sharia expense
4.155.018 3.004.085
Pendapatan bunga dan syariah neto 5.087.666 5.155.132 Net interest income and sharia
Pendapatan/(beban) operasional lainnya Other operating income/(expenses)
Pendapatan operasional lainnya: Other operating income:
Provisi dan komisi selain Fees and commissions
dari kredit yang diberikan 393.334 343.444 other than from loans
Keuntungan penjualan Gains on sale of
efek-efek yang diperdagangkan trading securities and
dan investasi keuangan - neto 183.566 55.439 financial investment - net
Kenaikan nilai efek-efek Increase in value
yang diperdagangkan - neto 3.603 1.750 of trading securities - net
Pendapatan lainnya 1.266.428 857.540 Other fee income
Jumlah pendapatan operasional lainnya 1.846.931 1.258.173 Total other operating income
Beban operasional lainnya: Other operating expenses:
Kerugian/(keuntungan) transaksi Losses/(gains) on foreign exchange
mata uang asing - neto 5.809 (77.536) transactions - net
Penyisihan kerugian Provision for impairment
penurunan nilai atas losses on financial
instrumen keuangan - neto 697.308 1.016.652 instruments - net
Penyisihan kerugian Provision for possible losses
atas aset non-produktif 50.525 32.005 on non-earning assets
Umum dan administrasi 2.024.986 1.943.806 General and administrative
Tenaga kerja 2.485.805 2.270.919 Personnel
Jumlah beban operasional lainnya 5.264.433 5.185.846 Total other operating expenses
Beban operasional lainnya - neto (3.417.502) (3.927.673) Other operating expenses - net
PENDAPATAN OPERASIONAL - NETO 1.670.164 1.227.459 OPERATING INCOME - NET
PENDAPATAN/(BEBAN) NON-OPERATING INCOME/
NON-OPERASIONAL - NETO 9.779 (10.638) (EXPENSES) - NET
LABA SEBELUM BEBAN PAJAK 1.679.943 1.216.821 INCOME BEFORE TAX EXPENSE
BEBAN PAJAK - NETO (325.756) (299.074) TAX EXPENSE - NET
LABA TAHUN BERJALAN 1.354.187 917.747 INCOME FOR THE YEAR
345
PT Bank Maybank Indonesia Tbk 2023 Annual Report 975
Page 978
976
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE
- ENTITAS INDUK (lanjutan) INCOME - PARENT ENTITY (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
Pendapatan komprehensif lainnya: Other comprehensive income:
Pos-pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi: subsequently to profit or loss:
Keuntungan aktuarial atas program Actuarial gains on defined
manfaat pasti 61.413 98.027 benefit plan
Kerugian revaluasi Losses on fixed assets
aset tetap (379) (19.043) revaluation
Pajak penghasilan terkait dengan Income tax relating to
komponen pendapatan components of other
komprehensif lainnya (13.511) (21.565) comprehensive income
47.523 57.419
Pos-pos yang akan direklasifikasi ke Items that may be reclassified
laba rugi: subsequently to profit or loss:
Selisih kurs karena Differences arising from
penjabaran laporan keuangan the translation of foreign
dalam mata uang asing 1.485 1.846 currency financial statements
Fair value changes of financial
Perubahan nilai wajar investasi keuangan investments measured at
yang diukur pada nilai wajar melalui fair value through other
pendapatan komprehensif lain (657) (622.337) comprehensive income
Pajak penghasilan terkait dengan Income tax relating to
komponen pendapatan components of other
komprehensif lainnya (1.547) 174.131 comprehensive income
(719) (446.360)
Laba/(rugi) komprehensif lainnya - Other comprehensive income/
setelah pajak 46.804 (388.941) (losses) - net of tax
Jumlah laba komprehensif Total comprehensive income
selama tahun berjalan 1.400.991 528.806 for the year
Laba tahun berjalan yang Income for the year
dapat diatribusikan kepada: attributable to:
Equity holders of the parent
Pemilik entitas induk 1.354.187 917.747 company
Jumlah laba komprehensif selama Total comprehensive
tahun berjalan yang dapat income for the year
diatribusikan kepada: attributable to:
Equity holders of the parent
Pemilik entitas induk 1.400.991 528.806 company
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 17,77 12,04 (full amount)
PT Bank Maybank Indonesia Tbk 2023 Annual Report
346
Page 979
The original parent entity financial statements included herein are in the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK STATEMENT OF CHANGES IN EQUITY - PARENT ENTITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Dapat diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent company
Keuntungan/(kerugian)
yang belum direalisasi
atas perubahan nilai
wajar investasi
keuangan yang diukur
pada nilai wajar melalui
pendapatan komprehensif
lain - setelah pajak
tangguhan dan cadangan
Selisih kurs atas kerugian kredit
karena ekspektasian/
penjabaran Unrealized Keuntungan
laporan keuangan gains/(losses)on changes aktuarial atas
dalam mata in fair value of fair value program
uang asing/ through other manfaat pasti -
Differences comprehensive setelah pajak
arising from income financial tangguhan/
Tambahan Surplus revaluasi the translation investment - net Actuarial
modal disetor/ aset tetap/ of foreign of deferred tax gains on defined
Modal saham/ Additional Fixed assets currency financial and expected benefit plan - net Cadangan umum/ Saldo laba/
Share capital paid-in capital revaluation surplus statements credit allowances of deferred tax General reserve Retained earnings Jumlah/Total
Saldo 31 Desember 2021 3.855.908 6.357.376 1.989.357 38.811 283.086 195.423 771.182 11.622.839 25.113.982 Balance as of December 31, 2021
Kenaikan atas selisih kurs karena Increase in foreign exchange differences
penjabaran laporan keuangan arising from the translation of
cabang luar negeri dalam mata overseas branches' foreign currency
uang asing - - - 1.846 - - - - 1.846 financial statements
Kerugian revaluasi aset tetap - - (19.043) - - - - - (19.043) Losses on fixed assets revaluation
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui other comprehensive income
pendapatan komprehensif lain - setelah financial investment - net
pajak tangguhan dan cadangan atas of deferred tax and expected
kerugian kredit ekspektasian - - - - (448.206) - - - (448.206) credit allowances
Keuntungan aktuarial atas program manfaat Actuarial gains on defined benefit
pasti - setelah pajak tangguhan - - - - - 76.462 - - 76.462 plan - net of deferred tax
Pembagian dividen - - - - - - - (493.491) (493.491) Dividend distribution
Laba tahun berjalan - - - - - - - 917.747 917.747 Income for the year
Saldo 31 Desember 2022 3.855.908 6.357.376 1.970.314 40.657 (165.120 ) 271.885 771.182 12.047.095 25.149.297 Balance as of December 31, 2022
Kenaikan atas selisih kurs karena Increase in foreign exchange differences
penjabaran laporan keuangan arising from the translation of
cabang luar negeri dalam mata overseas branches' foreign currency
uang asing - - - 1.485 - - - - 1.485 financial statements
Kerugian revaluasi aset tetap - - (379) - - - - (379) Losses on fixed assets revaluation
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui other comprehensive income
pendapatan komprehensif lain - setelah financial investment - net
pajak tangguhan dan cadangan atas of deferred tax and expected
kerugian kredit ekspektasian - - - - (2.204) - - - (2.204) credit allowances
Keuntungan aktuarial atas program manfaat Actuarial gains on defined benefit
pasti - setelah pajak tangguhan - - - - - 47.902 - - 47.902 plan - net of deferred tax
Pembagian dividen - - - - - - - (588.429) (588.429) Dividend distribution
Laba tahun berjalan - - - - - - - 1.354.187 1.354.187 Income for the year
Saldo 31 Desember 2023 3.855.908 6.357.376 1.969.935 42.142 (167.324) 319.787 771.182 12.812.853 25.961.859 Balance as of December 31, 2023
PT Bank Maybank Indonesia Tbk 2023 Annual Report
347
977
Page 980
978
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN ARUS KAS - ENTITAS INDUK STATEMENT OF CASH FLOWS - PARENT ENTITY
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga dan Proceeds from interest and
Syariah 9.223.273 8.289.462 Sharia income
Pembayaran beban bunga dan Syariah (4.090.174) (2.787.479) Payment of interest and Sharia expense
Beban umum dan administrasi General and administrative
yang dibayar (1.547.479) (1.663.630) expenses paid
Tenaga kerja dan tunjangan yang dibayar (2.351.553) (2.150.214) Personnel expenses paid
Pendapatan operasional lainnya Other operating
yang diterima 1.768.412 957.396 income received
Pembayaran pajak penghasilan badan (453.608) (274.276) Corporate income tax paid
Penerimaan/(pembayaran) Income received/(expenses paid)
pendapatan/(beban) for non-operating income/
non-operasional - neto 7.665 (10.210) (expenses) - net
Arus kas dari aktivitas operasi Cash flows from operating
sebelum perubahan aset activities before changes in
dan liabilitas operasi 2.556.536 2.361.049 operating assets and liabilities
(Kenaikan)/penurunan aset operasi: (Increase)/decrease in operating assets:
Efek-efek yang diperdagangkan (814.248) 1.419.358 Trading securities
Tagihan atas wesel ekspor 606.129 (185.129) Receivables from export bills
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah (7.099.387) (6.292.180) receivables/financing
Beban dibayar dimuka dan aset lain-lain 46.576 1.011.884 Prepayments and other assets
(Penurunan)/kenaikan liabilitas (Decrease)/increase in operating
operasi: liabilities:
Liabilitas segera (56.628) 216.569 Obligations due immediately
Simpanan dari nasabah Deposits from customers and
dan bank lain 11.591.109 (11.399.035) other banks
Liabilitas lain-lain (127.265) (134.101) Other liabilities
Kas neto diperoleh dari/(digunakan Net cash provided by/(used in)
untuk) aktivitas operasi 6.702.822 (13.001.585) operating activies
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penerimaan dari penjualan aset tetap 9.406 3.330 Proceeds from sale of fixed assets
Penambahan nilai aset-hak-guna (24.204) (400) Addition of right-of-use assets
Pembelian aset tidak berwujud (180.294) (105.502) Acquisition of intangible assets
Pembelian aset tetap (344.812) (245.139) Acquisition of fixed assets
(Pembelian)/penjualan efek-efek yang dibeli (Purchase)/sale of securities purchased
dengan janji dijual kembali (794.830) 2.000.044 under resale agreements
(Pembelian)/penjualan efek-efek (Purchase)/sale of marketable securities
yang diukur pada nilai wajar melalui measured at fair value through other
pendapatan komprehensif lain (2.650.358) 353.045 comprehensive income
Kas neto (digunakan untuk)/diperoleh Net cash (used in)/provided by
dari aktivitas investasi (3.985.092) 2.005.378 investing activities
PT Bank Maybank Indonesia Tbk 2023 Annual Report 348
Page 981
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN ARUS KAS - STATEMENT OF CASH FLOWS -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2023 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penjualan/(pembelian) efek-efek yang Sale/(purchase) of securities sold
dijual dengan janji dibeli kembali 1.905.158 (162.144) under repurchased agreements
Penerimaan dari long term notes Proceeds from subordinated
subordinasi 100.000 - long term notes
Penerimaan dari surat berharga
yang diterbitkan - 1.000.000 Proceeds from securities issued
Pembayaran liabilitas sewa (186.150) (199.919) Payment of lease liabilities
Pembayaran dividen (588.361) (493.435) Dividend payment
Pelunasan dari obligasi subordinasi (800.000) - Repayment of subordinated loans
Pelunasan dari surat berharga Repayment
yang diterbitkan (1.120.500) (1.291.200) of securities issued
(Pembayaran)/penerimaan dari
pinjaman diterima (3.107.304) 3.016.848 Purchase/(proceeds) from borrowings
Kas neto (digunakan untuk)/diperoleh Net cash (used in)/provided by
dari aktivitas pendanaan (3.797.157) 1.870.150 financing activities
PENURUNAN NETO NET DECREASE IN
KAS DAN SETARA KAS (1.079.427) (9.126.057) CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 15.414.551 24.140.788 AT BEGINNING OF YEAR
Pengaruh perubahan kurs mata Effect of foreign exchange rate
uang asing (51.643) 399.820 changes
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 14.283.481 15.414.551 AT END OF YEAR
PENGUNGKAPAN TAMBAHAN SUPPLEMENTARY DISCLOSURES
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 1.564.547 1.516.835 Cash
Current accounts with
Giro pada Bank Indonesia 8.152.106 9.654.266 Bank Indonesia
Giro pada bank lain 2.070.326 1.714.095 Current accounts with other banks
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain and other banks that will
yang jatuh tempo dalam mature within 3 months
3 bulan dari tanggal akuisisi 2.496.502 2.529.355 from the date of acquisition
Jumlah kas dan setara kas 14.283.481 15.414.551 Total cash and cash equivalents
349 PT Bank Maybank Indonesia Tbk 2023 Annual Report 979
Page 982
980
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN ARUS KAS - STATEMENT OF CASH FLOWS -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perubahan pada liabilitas yang timbul dari Changes in liabilities arising from financing activities
aktivitas pendanaan pada laporan arus kas in the parent entity cash flow statement are as
entitas induk adalah sebagai berikut: follows:
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2023 Proceeds Payment Changes 2023
Pinjaman diterima 5.869.050 - (3.107.304) - 2.761.746 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 111.905 1.905.158 - - 2.017.063 repurchased agreements
Liabilitas sewa 264.295 - (186.150) 408.960 487.105 Lease liabilities
Surat berharga yang
diterbitkan 2.183.197 - (1.120.500) 2.607 1.065.304 Securities issued
Pinjaman dan obligasi
subordinasi 799.707 100.000 (800.000) (256) 99.451 Subordinated loan and bonds
Total 9.228.154 2.005.158 (5.213.954) 411.311 6.430.669 Total
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2022 Proceeds Payment Changes 2022
Pinjaman diterima 2.852.202 3.016.848 - - 5.869.050 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 274.049 - (162.144) - 111.905 repurchased agreements
Liabilitas sewa 350.061 - (199.919) 114.153 264.295 Lease liabilities
Surat berharga yang
diterbitkan 2.476.404 1.000.000 (1.291.200) (2.007) 2.183.197 Securities issued
Pinjaman dan obligasi
subordinasi 799.174 - - 533 799.707 Subordinated loan and bonds
Total 6.751.890 4.016.848 (1.653.263) 112.679 9.228.154 Total
PT Bank Maybank Indonesia Tbk 2023 Annual Report 350
Page 983
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN - NOTES TO THE FINANCIAL STATEMENTS -
ENTITAS INDUK PARENT ENTITY
Tanggal 31 Desember 2023 serta untuk As of December 31, 2023
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 1. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Dasar penyusunan laporan keuangan tersendiri Basis of preparation of the separate financial
entitas induk statements of the parent company
Laporan keuangan tersendiri entitas induk disusun sesuai The separate financial statements of the parent
dengan Pernyataan Standar Akuntansi Keuangan company are prepared in accordance with the
(“PSAK”) No. 4 (Revisi 2013), “Laporan Keuangan Statement of Financial Accounting Standards (“SFAS”)
Tersendiri”. No. 4 (Revised 2013), “Separate Financial
Statements”.
PSAK No. 4 (Revisi 2013) mengatur dalam hal entitas SFAS No. 4 (Revised 2013) regulates that when a
menyajikan laporan keuangan tersendiri maka laporan company presents the separate financial statements,
tersebut hanya dapat disajikan sebagai informasi such financial statements should be presented as
tambahan dalam laporan keuangan konsolidasian. supplementary information to the consolidated financial
Laporan keuangan tersendiri adalah laporan keuangan statements. Separate financial statements are those
yang disajikan oleh entitas induk yang mencatat investasi presented by a parent, in which the investments in
pada entitas anak, entitas asosiasi dan pengendalian subsidiaries, associates and joint ventures are
bersama entitas berdasarkan kepemilikan ekuitas accounted for on the basis of the direct equity interest
langsung bukan berdasarkan pelaporan hasil dan aset rather than on the basis of the reported results and net
neto investee. assets of the investees.
Kebijakan akuntansi yang diterapkan dalam penyusunan Accounting policies adopted in the preparation of the
laporan keuangan tersendiri entitas induk adalah sama parent company separate financial statements are the
dengan kebijakan akuntasi yang diterapkan dalam same as the accounting policies adopted in the
penyusunan laporan keuangan konsolidasian preparation of the consolidated financial statements as
sebagaimana diungkapkan dalam Catatan 2 atas laporan disclosed in Note 2 to the consolidated financial
keuangan konsolidasian, kecuali untuk penyertaan pada statements, except for investments in subsidiaries, in
entitas anak yang di dalam laporan keuangan tersendiri which the parent entity financial information uses cost
entitas induk dicatat menggunakan metode biaya. method.
2. PENYERTAAN SAHAM PADA ENTITAS ANAK 2. INVESTMENTS IN SHARES OF SUBSIDIARIES
Informasi mengenai entitas anak yang dimiliki Bank Information pertaining to subsidiaries owned by the
diungkapkan dalam Catatan 1.b atas laporan keuangan Bank is disclosed in Note 1.b to the consolidation
konsolidasian. financial statements.
Pada tanggal 31 Desember 2023 dan 2022 entitas induk As of December 31, 2023 and 2022 the parent
memiliki penyertaan saham pada entitas anak berikut: company has the following investments in shares of
subsidiaries:
Persentase kepemilikan/
Percentage of Ownership
31 Desember/December 31
Entitas anak 2023 2022 Subsidiaries
PT Maybank Indonesia Finance 99,99% 99,99% PT Maybank Indonesia Finance
PT Wahana Ottomitra Multiartha Tbk 67,49% 67,49% PT Wahana Ottomitra Multiartha Tbk
Biaya perolehan/Acquisition cost
31 Desember/December 31
Entitas anak 2023 2022 Subsidiaries
PT Maybank Indonesia Finance 32.370 32.370 PT Maybank Indonesia Finance
PT Wahana Ottomitra Multiartha Tbk 781.431 781.431 PT Wahana Ottomitra Multiartha Tbk
351 PT Bank Maybank Indonesia Tbk 2023 Annual Report 981
Page 984
Parent Company Consolidated Financial Statements 2023
Page 985
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
INCOME STATEMENTS
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2023
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Group 31 December 31 December 31 December 31 December
2023 2022 2023 2022
Note RM'000 RM'000 RM'000 RM'000
Restated Restated
Interest income A20 8,146,503 6,532,390 30,230,550 21,608,927
Interest expense A21 (4,963,535) (3,017,812) (17,439,028) (7,793,342)
Net interest income 3,182,968 3,514,578 12,791,522 13,815,585
Income from Islamic Banking Scheme
operations A40a 2,058,217 1,981,895 7,577,195 7,413,866
Insurance/takaful service result A22 283,777 40,252 550,098 211,692
Other operating income A24 1,903,569 1,805,381 7,988,177 4,603,171
Total operating income 7,428,531 7,342,106 28,906,992 26,044,314
Net insurance/takaful investment/finance result A25 (451,601) (530,644) (1,545,851) 447,964
Net operating income 6,976,930 6,811,462 27,361,141 26,492,278
Overhead expenses A26 (3,619,025) (3,139,708) (13,388,800) (11,974,192)
Operating profit before impairment losses 3,357,905 3,671,754 13,972,341 14,518,086
Allowances for impairment losses
on loans, advances, financing
and other debts, net A27 (464,217) (302,246) (1,826,212) (2,182,735)
(Allowances for)/writeback of impairment
losses on financial investments, net A28 (2,234) 170,923 180,563 (523,384)
Allowances for impairment losses on other
financial assets and interest in associates, net A29 (5,078) (51,602) (35,416) (71,107)
Operating profit 2,886,376 3,488,829 12,291,276 11,740,860
Share of profits in associates and joint ventures 63,222 8,205 240,325 130,850
Profit before taxation and zakat 2,949,598 3,497,034 12,531,601 11,871,710
Taxation and zakat B5 (471,342) (1,234,152) (2,916,739) (3,896,134)
Profit for the financial period/year 2,478,256 2,262,882 9,614,862 7,975,576
Attributable to:
Equity holders of the Bank 2,387,757 2,205,247 9,349,780 7,960,526
Non-controlling interests 90,499 57,635 265,082 15,050
2,478,256 2,262,882 9,614,862 7,975,576
Earnings per share attributable to
equity holders of the Bank
Basic/diluted B12 19.80 sen 18.29 sen 77.55 sen 66.51 sen
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2022 and the accompanying explanatory notes
attached to these financial statements)
1
PT Bank Maybank Indonesia Tbk 2023 Annual Report 983
Page 986
984
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2023
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Group 31 December 31 December 31 December 31 December
2023 2022 2023 2022
RM'000 RM'000 RM'000 RM'000
Restated Restated
Profit for the financial period/year 2,478,256 2,262,882 9,614,862 7,975,576
Other comprehensive income/(loss):
Items that will not be reclassified subsequently
to profit or loss:
Defined benefit plan actuarial gain 22,085 37,942 26,677 40,673
Income tax effect (4,376) (7,842) (4,276) (8,485)
Net gain from change in fair value on
equity instruments at fair value through
other comprehensive income 20,517 19,730 32,941 18,020
38,226 49,830 55,342 50,208
Items that may be reclassified subsequently
to profit or loss:
Net gain/(loss) on debt instruments at fair value
through other comprehensive income 1,906,281 569,545 5,136,454 (2,969,060)
- Net gain/(loss) from change in fair value 2,391,066 1,680,217 6,526,707 (3,680,793)
- Changes in expected credit losses 16,782 (324,366) 57,082 (85,020)
- Income tax effect (501,567) (786,306) (1,447,335) 796,753
Net (loss)/gain on foreign exchange translation (174,340) (884,331) 2,013,920 653,475
Cost of hedging for fair value hedge (6,023) 37,033 (15,764) 49,699
Net gain on capital reserve 351 173 264 1,140
Net (loss)/gain on revaluation reserve (8) (443) 472 (443)
Share of change in associates' reserve 16,368 (74,191) (292,686) (291,255)
Net insurance finance/investment result (316,848) 185,223 (269,167) 174,897
1,425,781 (166,991) 6,573,493 (2,381,547)
Other comprehensive income/(loss) for the
financial period/year, net of tax 1,464,007 (117,161) 6,628,835 (2,331,339)
Total comprehensive income for the
financial period/year 3,942,263 2,145,721 16,243,697 5,644,237
Other comprehensive income/(loss) for the
financial period/year, attributable to:
Equity holders of the Bank 1,519,610 (420,936) 6,598,415 (2,548,467)
Non-controlling interests (55,603) 303,775 30,420 217,128
1,464,007 (117,161) 6,628,835 (2,331,339)
Total comprehensive income for the
financial period/year, attributable to:
Equity holders of the Bank 3,907,367 1,784,311 15,948,195 5,412,059
Non-controlling interests 34,896 361,410 295,502 232,178
3,942,263 2,145,721 16,243,697 5,644,237
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2022 and the accompanying explanatory notes
attached to these financial statements)
2
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 987
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
INCOME STATEMENTS
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2023
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Bank 31 December 31 December 31 December 31 December
2023 2022 2023 2022
Note RM'000 RM'000 RM'000 RM'000
Interest income A20 5,697,838 4,567,492 21,179,981 14,589,344
Interest expense A21 (3,916,131) (2,514,330) (13,926,842) (6,207,624)
Net interest income 1,781,707 2,053,162 7,253,139 8,381,720
Dividends from subsidiaries and associates A23 91,903 72,428 3,534,284 3,498,845
Other operating income A24 1,259,239 894,582 5,846,934 4,329,736
1,351,142 967,010 9,381,218 7,828,581
Net operating income 3,132,849 3,020,172 16,634,357 16,210,301
Overhead expenses A26 (1,721,998) (1,638,453) (6,296,175) (5,752,055)
Operating profit before impairment losses 1,410,851 1,381,719 10,338,182 10,458,246
Writeback of/(allowances for) impairment
losses on loans, advances, financing
and other debts, net A27 95,731 50,151 (571,491) (1,895,560)
(Allowances for)/writeback of impairment losses
on financial investments, net A28 (4,927) 139,303 (6,310) 97,193
Writeback of/(allowances for) impairment losses
on other financial assets, net A29 2,067 (3,862) 1,491 (20,514)
Profit before taxation and zakat 1,503,722 1,567,311 9,761,872 8,639,365
Taxation and zakat B5 (315,362) (479,028) (1,489,079) (1,668,446)
Profit for the financial period/year 1,188,360 1,088,283 8,272,793 6,970,919
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2022 and the accompanying explanatory notes
attached to these financial statements)
3
PT Bank Maybank Indonesia Tbk 2023 Annual Report 985
Page 988
986
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2023
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Bank 31 December 31 December 31 December 31 December
2023 2022 2023 2022
RM'000 RM'000 RM'000 RM'000
Profit for the financial period/year 1,188,360 1,088,283 8,272,793 6,970,919
Other comprehensive income:
Items that will not be reclassified subsequently
to profit or loss:
Net gain from change in fair value on
equity instruments at fair value through
other comprehensive income 270 20,104 24,944 21,725
Items that may be reclassified subsequently
to profit or loss:
Net gain/(loss) on debt instruments at fair value
through other comprehensive income 999,530 150,175 3,561,658 (2,132,250)
- Net gain/(loss) from change in fair value 1,287,915 1,027,058 4,585,541 (2,641,961)
- Changes in expected credit losses 20,720 (297,891) 51,779 (74,295)
- Income tax effect (309,105) (578,992) (1,075,662) 584,006
Net gain/(loss) on foreign exchange translation 39,993 (810) 567,790 490,458
Cost of hedging for fair value hedge (6,023) 37,033 (15,764) 49,699
1,033,500 186,398 4,113,684 (1,592,093)
Other comprehensive income/(loss) for the
financial period/year, net of tax 1,033,770 206,502 4,138,628 (1,570,368)
Total comprehensive income for the
financial period/year 2,222,130 1,294,785 12,411,421 5,400,551
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2022 and the accompanying explanatory notes
attached to these financial statements)
4
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 989
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
AUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2023
Group Bank
31 December 31 December 31 December 31 December
2023 2022 2023 2022
Note RM'000 RM'000 RM'000 RM'000
Restated
ASSETS
Cash and short-term funds 28,904,035 37,573,869 20,060,300 29,590,431
Deposits and placements with financial
institutions 13,471,607 16,095,978 27,639,111 28,358,259
Financial assets purchased under resale agreements 17,344,364 14,968,762 15,680,716 14,330,476
Financial assets designated upon initial recognition
at fair value through profit or loss A10(i) 13,378,789 12,822,800 - -
Financial investments at fair value through
profit or loss A10(ii) 35,970,200 25,143,208 21,757,370 13,978,475
Financial investments at fair value through
other comprehensive income A10(iii) 132,182,135 121,366,990 73,299,044 73,551,480
Financial investments at amortised cost A10(iv) 84,384,398 71,756,942 65,738,592 46,234,128
Loans, advances and financing to
financial institutions A11(i) 1,499,258 1,361,712 43,303,631 31,304,965
Loans, advances and financing to customers A11(ii) 628,922,780 573,765,662 235,022,856 213,831,963
Derivative assets A36 21,647,554 24,686,755 21,476,761 24,293,832
Insurance contract/takaful certificate assets A12(i) 123,204 76,787 - -
Reinsurance contract/retakaful certificate assets A12(ii) 5,698,832 7,576,222 - -
Other assets A13 12,665,956 11,452,663 6,258,105 7,229,657
Investment properties 1,019,958 988,895 - -
Statutory deposits with central banks 15,739,735 13,777,324 4,691,146 2,728,211
Investment in subsidiaries - - 34,486,241 33,860,627
Interest in associates and joint ventures 2,105,534 2,207,244 438,859 438,859
Property, plant and equipment 2,309,246 2,142,065 868,825 869,693
Right-of-use assets 1,636,137 1,176,776 519,635 550,311
Intangible assets 7,361,911 6,747,125 543,296 425,796
Deferred tax assets 1,308,986 2,442,304 83,505 1,099,262
TOTAL ASSETS 1,027,674,619 948,130,083 571,867,993 522,676,425
LIABILITIES
Customers' funding:
- Deposits from customers A14 670,359,336 614,895,094 299,676,139 274,854,161
- Investment accounts of customers1 A40g 26,475,396 24,500,981 - -
Deposits and placements from financial institutions A15 44,676,892 51,893,780 58,221,783 66,794,444
Obligations on financial assets sold under
repurchase agreements 38,072,708 15,585,836 57,152,843 26,290,296
Derivative liabilities A36 25,082,955 27,874,325 24,554,173 27,190,450
Financial liabilities at fair value through
profit or loss A16 8,766,563 8,317,084 8,766,563 8,317,084
Bills and acceptances payable 1,133,170 1,810,954 442,847 1,212,731
Insurance contract/takaful certificate liabilities A12(i) 44,497,551 42,497,471 - -
Reinsurance contract/retakaful certificate liabilities A12(ii) 83,001 749,188 - -
Other liabilities A18 25,940,928 25,946,083 9,178,066 9,801,242
Provision for taxation and zakat 239,389 372,376 - -
Deferred tax liabilities 685,646 271,612 - -
Borrowings A17(i) 31,037,570 31,736,007 22,785,069 22,486,167
Subordinated obligations A17(ii) 10,145,549 10,238,389 9,831,248 9,830,233
Capital securities A17(iii) 2,829,802 2,828,817 2,829,802 2,828,817
TOTAL LIABILITIES 930,026,456 859,517,997 493,438,533 449,605,625
1
Investment accounts of customers are used to fund financing and advances as disclosed in Note A40e.
5
PT Bank Maybank Indonesia Tbk 2023 Annual Report 987
Page 990
988
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
AUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2023
Group Bank
31 December 31 December 31 December 31 December
2023 2022 2023 2022
Note RM'000 RM'000 RM'000 RM'000
Restated
EQUITY ATTRIBUTABLE TO EQUITY
HOLDERS OF THE BANK
Share capital 54,673,596 54,619,344 54,673,596 54,619,344
Shares held-in-trust (1,203) (198) (1,203) (198)
Retained profits 31,672,801 29,450,452 15,822,764 14,936,379
Reserves 8,296,423 1,676,585 7,934,303 3,515,275
94,641,617 85,746,183 78,429,460 73,070,800
Non-controlling interests 3,006,546 2,865,903 - -
97,648,163 88,612,086 78,429,460 73,070,800
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY 1,027,674,619 948,130,083 571,867,993 522,676,425
COMMITMENTS AND CONTINGENCIES A34 1,855,617,668 1,526,306,198 1,742,985,421 1,422,559,344
CAPITAL ADEQUACY A35
The capital adequacy ratios of the Group and
of the Bank are as follows:
CET1 Capital Ratio 16.191% 15.669% 15.701% 15.264%
Tier 1 Capital Ratio 16.845% 16.376% 16.417% 16.045%
Total Capital Ratio 19.404% 19.080% 18.844% 18.635%
Net assets per share attributable to
equity holders of the Bank RM7.85 RM7.11 RM6.50 RM6.06
(These audited condensed interim financial statements should be read in conjunction with the audited annual financial
statements for the financial year ended 31 December 2022 and the accompanying explanatory notes attached to these financial
statements)
6
PT Bank Maybank Indonesia Tbk 2023 Annual Report
Page 991
Page 992
2023 Annual Report Exceeding Expectations PT Bank Maybank Indonesia Tbk Sentral Senayan III Jl. Asia Afrika No. 8 Gelora Bung Karno - Senayan Jakarta Pusat 10270 Indonesia T: +62 21 2922 8888 F: +62 21 2922 8914 www.maybank.co.id
Names mentioned 161 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Information International Integrated Reporting Council
p.6
unresolved
org
Bank Business Groups
p.7
unresolved
org
Financial Services Authority
p.7 ×22
unresolved
org
Bank Internasional Indonesia Tbk
p.35 ×20
unresolved
org
Indonesia Stock Exchange
p.35 ×3
unresolved
org
Bank Maybank Indonesia Tranche I Year
p.37 ×3
unresolved
org
Bank Maybank Indonesia Tranche IV Year
p.37
unresolved
org
Bank Maybank Indonesia Tranche III Year
p.37
unresolved
org
Bank Muamalat Indonesia
p.41
unresolved
org
Bank Mega Syariah
p.41
unresolved
org
PT PLN Batam's
p.43
unresolved
person
Soed's Granddaughter
p.44 ×2
unresolved
org
Bank Bank Maybank Maybank Indonesia Indonesia TbkTbk
p.47
unresolved
org
Bank KBMI
p.48
unresolved
org
Bank Indonesia
p.48 ×24
unresolved
—
Achjar Ilj
· Independent Commissioner
p.58
unresolved
org
Bank In
p.64
unresolved
org
Bank Maybankers'
p.68
unresolved
person
Dr. H.M. Anwar Ibrahim
p.73 ×2
unresolved
org
Swift Code
· Company Name
p.78
unresolved
org
Sorak Financial Holdings Pte.Ltd.
p.78 ×3
unresolved
org
Minister of Finance
p.78 ×2
unresolved
org
Minister of Law
p.80
unresolved
org
PT Bank Tabungan
p.82
unresolved
org
PT Railink
p.82
unresolved
org
Registered Bond III Tranche Tbk
p.82
unresolved
org
Indonesia Tbk
p.82
unresolved
org
PT Federal International
p.82
unresolved
org
PT Angkasa Finance
p.82
unresolved
org
PT Bio
p.83
unresolved
org
Farma Inc
p.83
unresolved
org
PT Wahana Multinationals MOHAMED ZAKI
p.85
unresolved
org
Multiartha Tbk
p.85 ×3
unresolved
org
Bank Indonesia Certificates
p.88
unresolved
org
Bank Berhad Group
p.93
unresolved
org
PB Securities Sdn Bhd
p.93
unresolved
org
PB Futures Sdn Bhd
p.93
unresolved
org
Pigas Engineering Sdn Bhd
p.93
unresolved
org
Payments Network Malaysia Sdn Bhd
p.93
unresolved
person
Steve Ledzian
p.93 ×8
unresolved
person
Drs. Utomo
p.94
unresolved
org
Auditor KAP Drs. Hadi Sutanto & Rekan
p.94
unresolved
person
Drs. Hadi Sutanto
p.94 ×3
unresolved
org
Auditor Manager KAP Drs. Hadi Sutanto & Rekan
p.94
unresolved
org
PT Prima Wahana Caraka
p.94 ×2
unresolved
person
PricewaterhouseCoopers
· Commissioner
p.94
unresolved
org
PT Lintas Jeram Nusantara
p.94
unresolved
org
PT Regulo Lintas Nusantara
p.94 ×2
unresolved
org
Koperasi Mitra Dhuafa
p.94
unresolved
org
PT Apsara Selaras Investa
p.94
unresolved
org
PT Bangkit Maju Wisata
p.94
unresolved
org
Bank BNI Tbk
p.95 ×2
unresolved
org
PT BNP Paribas Indonesia
p.95
unresolved
org
PT Bank Negara Indonesia Syariah
p.95
unresolved
org
Bank Indonesia Institute
p.95
unresolved
org
Bank Indonesia Padang Branch
p.96
unresolved
person
Affairs
· Commissioner
p.96
unresolved
org
Bank Indonesia Age
p.96
unresolved
org
PT Kebon Agung
p.96
unresolved
org
PT Visa Worldwide Indonesia
p.96
unresolved
org
Bank Mandiri Indonesia Tbk
p.97 ×4
unresolved
org
Bank Restructuring Agency
p.97 ×2
unresolved
org
PT BHP BILLITON
p.97
unresolved
org
PT Melchor Tiara Pratama
p.97
unresolved
org
Maybank Philippines Inc
p.98 ×2
unresolved
org
Areca Capital Sdn Bhd.
p.98
unresolved
org
Malaysia Smelting Corporation
p.98
unresolved
org
PT Hyundai Indonesia
p.99
unresolved
org
Bank Berhad
p.100
unresolved
org
Bank Kerjasama Rakyat Malaysia Berhad
p.100
unresolved
org
PT Jasa Angkasa
p.101
unresolved
org
Bank Lippo Tbk
p.102 ×4
unresolved
org
PT Arco Indonesia
p.104
unresolved
org
PT Pindo Deli Pul
p.104
unresolved
org
PT Lontar Papyrus Pulp
· Director
p.104
unresolved
org
Bank American Express
p.105
unresolved
org
Bank ANZ Indonesia
p.105 ×2
unresolved
org
Bank Credit Lyonnais Indonesia
p.106
unresolved
org
Bank Sumitomo Mitsui Indonesia
p.106
unresolved
org
Herbalife International Inc.
p.107
unresolved
org
Bank Card Sales Manager
p.107
unresolved
org
Bank Card Deputy Regional Sales Manager
p.107
unresolved
org
Bank Card Regional Sales Manager
p.107
unresolved
org
Age Tbk
p.107
unresolved
—
CEO
· President Director
p.107
unresolved
org
PT Pemeringkat Efek Indonesia
p.140
unresolved
org
PT Fitch Ratings Indonesia
p.140
unresolved
person
Soeleman Ardjasasmita
p.644
unresolved
person
Ardjasasmita
p.644
unresolved
person
Notary Eliza Pondaag
p.644 ×2
unresolved
org
Minister of Justice
p.644 ×3
unresolved
org
Pengadilan Negeri
p.644
unresolved
org
PT Bank Tabungan Untuk Umum
p.644 ×2
unresolved
person
Lamoen Redjo
p.644
unresolved
org
Bank Devisa.
p.644
unresolved
person
Fathiah Helmi
p.644
unresolved
org
Menteri Hukum dan Hak
p.644
unresolved
org
Minister of Asasi
p.644
unresolved
org
Internasional Indonesia Tbk
p.646 ×2
unresolved
org
Maybank Indonesia Tbk
p.646 ×2
unresolved
org
Menteri Hukum dan Hak Asasi Manusia
p.646
unresolved
org
Minister of Laws and Human Rights
p.650
unresolved
org
PT Wahana Ottomitra
p.650 ×2
unresolved
person
Muhammad Anwar Ibrahim
· Ketua
p.661
unresolved
person
Abdul Jabar Majid
· Anggota
p.661
unresolved
person
Mohammad Bagus Teguh Perwira
· Anggota
p.661
unresolved
org
Bank Umum Syariah
p.920
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